Human Interest

The speaker’s split feelings reflected in the broken form of the sonnet in â€Å"Human Interest† In â€Å"Human Interest† the speaker has split feelings about his dead girlfriend, which are reflected in the form of the poem. The reader can see feelings of love, regret and grief and on the contrary feelings of hate and anger. The break between those divided feelings is visible in the broken form of the sonnet. The poem represents a broken form of the original Petrarchan sonnet. Firstly looking at the form of the poem the reader sees that there are 14 lines what indicates that he is looking at a sonnet.The rhyme scheme is identical with the typical rhyme scheme of the sonnet as abbaabba cdcdcd. Moreover there are 4 stanzas as in the sonnet, but the way the stanzas are constructed questions the thought of it being a typical one: In a sonnet there are 4 lines in the first stanza, 4 in the second and in each following stanza 3 lines. In â€Å"Human Interest† th ere is the scheme 4343. In other words there is an untypical break between line 7 and 8, the poem is punctiliously tore apart at that point. In different parts of the poem it is visible that the speaker has divided feelings.His feelings are turning over from hate and anger to love, grief and regret. The former is for instance illustrated in ‘I slogged my guts out for her’ (line 5). That sentence creates the impression of the speaker reproaching his dead girlfriend. It shows his disappointment because it seems like nothing he had done for her would have been worth it, all he got was her unfaithfulness and cheating. The use of the strong word ? slogged? reinforces that effect. To put it another way, it seems like he tries to legitimate his deed.In contrast to that aspect of legitimating his deed, the reader is able to see some expression of regret in line 12ff. where the speaker says ‘When I think about her now, I near choke / with grief. ’. It shows that he suffers, he ‘near choke’ and how sad he is about her not being there anymore. As a result the speaker expresses different feelings that do not fit together, he has thoughts of hate and shortly after he seems to be in love and sad about his deed. In addition it is to say that those split feelings are not only expressed in the words but are also visible in the form of the poem.The change of the speaker’s feelings happens between line 7 and 8. The speaker tilts over from ‘She stank of deceit. ‘ (line 7) to ‘I loved her. ‘ (line 8). The former is absolutely an expression of scorn, reinforced by the word ‘stank‘. There is a crack to the following expression of love. It behaves in exactly the same way with the form of the poem at that point: As already mentioned there is an untypical break between line 7 and 8, where the form of the sonnet is punctiliously tore apart.That split of the speaker’s feelings is exactly at the same point where the poem breaks the form of the sonnet apart. To sum up, the speaker’s feelings are visible aside from different parts of the poem in its form. There are a lot of negative feelings of hate and anger expressed in the first part of this poem, which turn over in line 8 to feelings of love. That break of feelings also demonstrates the broken form of the sonnet. (597 words)

Setting Up a New Business: Business and Marketing Plan

It ensures a firm to be proactive in anticipating and planning for market changes ahead of time. It ensures a business to be a leading edge and not a following edge. A complete marketing plan must provide answers to questions like; who is the customers, how the product gets to customers and the most effective method of Implementation. A good plan will direct to the expectation and time to get the results (Makeover, 2008). Everyone In the firm an predict what will happen or future company prospects. A company gets prepared for market opportunities and to remain health, always prepared for any rising problems.It keeps a business ready to cope with unexpected events and identify the best market mix. Importance of business plan A business plan is a kind of road map for a company. It gives goals, visions and benchmarking for your business. It gets created with aims of persuading others to assist in achieving the set goals and vision. It should describe all the business concepts, principal s, products, target markets, and also trends in the market amongst any others. It also outlines the financial budgets like sources of funds to start a business.It gives the total cost of the business, the expected level of returns or profits. It provides an opportunity to check on reality of the business and give momentum to the business. A business through a plan can evaluate where the gap are, what is working and future projections of the and guidance to run the business smoothly. Business plan is like a calling card for the business. It should always be able to outline your purpose and your identity. Successes and failures are clearly highlighted in a business plan, therefore, giving mime to acknowledge and organism your work in a better way.The peoples owning a business are made responsible and accountable to all happenings of the business giving flexibility and freedom to business owners. Conclusion While setting up a new business, one has to draw a convincing business and mark eting plan. These two plans play a vital role in ensuring the business thrives to expectations. Business plans give financial planning while the marketing plan gives market strategies to find an excellent market for the products. When these two are put together, possibilities of success are extremely high. References Berry, T. (2004).

Electroinc contract law Essay Example | Topics and Well Written Essays - 2500 words

Electroinc contract law - Essay Example The main procedure to be followed will be culling research based on the electronic signature's safety to be fit into one of the three categories in the thesis. The main objective of the project is to establish the relative safety of the electronic signature by looking at its reliability, enforceability, and the possibility of it being used illegally. The scope of the project is limited to the electronic signature. In data collection and tools, a variety of resources will be available for use, including scholarly journals, periodicals, books, newspapers, the news media, and the Internet. Ethical standards, of course, do apply, and this writer will be citing all sources where necessary and give credit where credit is due. Statistical analysis will only play a role if it is crucial to the research. Here, definition and discussion of contracts and contract law will be delved into; the dissertation will be going in-depth into applicable case law. A contract, by definition, is "[a]n agreement between two or more persons which creates an obligation to do or not to do a particular thing. Its essentials are competent parties, subject matter, a legal consideration, mutuality of agreement, and mutuality of obligation."3 Additionally, a contract Contracts may be one of three types: express (an agreement brought about by words); implied-in-fact (an agreement brought about by conduct); or implied-in-law, also known as a "quasi-contract" (which is "not a true contract but an obligation imposed by a court despite the absence of a promise in order to avoid an injustice."5 Chapter 3. The Electronic Contract and Electronic Contract Law. Here, a definition of the electronic contract and electronic contract law will be examined, while a further discussion of specific case law will be probed in the dissertation. An electronic contract is "a written agreement between parties that is presented through software being installed in your computer or transmitted by means of the Internet, whether it is: presented on a webpage; sent through e-mail; or

Laundromax Case Study Example | Topics and Well Written Essays - 750 words

Laundromax - Case Study Example With my financial management role, my plan for financing would start with personal owner equity. This would act as a show to outside investors of the personal trust that the founders have in the growth and success of their business and hence worth a further inducement for additional outsider investment. In order for Laundromax to attain self-sufficiency as a company, 100 stores must be established at an estimate of $500,000 per fully functional and operational store. This puts the total capital required to attain self-sufficiency at an estimate cost of $50,000,000. With such heavy initial capital outlay, personal equity would not be sufficient to meet this expenses and hence the vision of the business. I would result to investment capital with major focus on investment banks and venture capital firms who are willing and able to raise a major part of the required capital in return for an equivalent stake in the company’s assets. ... The rate at which the funds should be infused in the business will be greatly dependent on the strategic expansion motive of the management. In this case, from the given projections, the 100th store may be opened sometime in the 4th year of operation with the highest number of store opening before the 100th being in the third year. Thus, according to the historical information and the forecasts presented, the preferable allocation of capital according to the number of stores required would be $4,500,000 in the first year, $11,500,000 in the second year, $25,000,000 in the third year and $14,000,000 in the third year to attain the 100th store mark comfortably. The above estimations of the capital requirement of the business in its various stages of development are not sufficient financial projections to be able to convince potential investors of the financial soundness of the business and to give them assurance of the security of their investment. In order to present a proper financia l plan in their business plan, Reese and Mounger should include certain financial forecasts including: Cash flow forecasts, A break-even analysis, A projected statement of profit or loss, and A projected statement of financial position. There in, the cash flow forecasts give a view of the expected cash inflows and out flows to and from the company, the break even analysis shows the expectation of future profit by the company detailing the point at which the company would equate expenses to revenues generated, A projected statement of profit or loss details the expected revenues and expenses to the company, while the projected statement of financial position shows an expectation of the company’s holding of assets and liabilities. With these projections, Reese and Mounger would have a

Theological Reflections Research Paper Example | Topics and Well Written Essays - 1750 words

Theological Reflections - Research Paper Example Rather, they require the servants of Christ to utilize different degrees of commitment2. The forthcoming co-worker appreciation dinner will require increased levels of commitment that seek to go beyond charity. Rather, it will be important to recognize the workers for their unwavering commitment to the Sisters of Mercy’s mission, their hospitality, and their service. As Catholic employers, Mercy has the ability to show support for their poor and lowest paid co-workers through showing preferential option for the poor and vulnerable, as well as showing respect for their dignity. The Preferential Option for the Poor and Vulnerable The theological concepts of dignity and providing preferential treatment for the poor are concepts that have always been at the forefront of our core values and mission at Mercy. Providing preferential treatment for society’s poor also applies to lowly paid co-workers at Mercy, as well. It is our belief that touching the needy is akin to touching Jesus Christ. The last judgment has an essential role to play in our traditional Catholic faith; especially because the church teaches that we stand judged by what we elect to carry out towards the prisoners, homeless, sick, thirsty, and hungry3. In modern times, the Church teaches us the same through the preferential option for the poor. ... We are asked to do this by the church and failure to do so will break the required balance that holds society as one, which will be to the detriment of the whole society4. Preferential treatment for the poor is referent to the trend of giving preference to the life and wellbeing of society’s powerless and poor, as we are taught by the commands of God, the Church, as well as righteous people and prophets. Christ himself spoke to us about judgment day, contending that God will seek to know from each one of us what we did in aid of the poor and the needy5. He told us that whatever we do for the least of his brothers, we did for him, which is also reflected in the canon laws of our Mother Church. Catholic faithful, the law tells us, are obliged to go out and promote justice for all in society and that we must remain mindful of the Lord’s precept to help those who are in need and poor. Nevertheless, how does the appreciation dinner at Mercy accomplish this? The quoted doctri ne asks us as Catholics to show compassion and solidarity with the poor through our deeds, as well as our prayers. For this reason, when instituting any measures at Mercy, it is essential that we always ensure to keep at the forefront the preferential option for the poor. The doctrine’s implications are that any society’s, including Mercy, moral test lies in how we treat our poor and vulnerable members6. We are asked to ensure that the policies and activities at Mercy must factor in the vulnerable and the poor. Pope Francis has begun his journey with teachings on why the Church must now become one with the poor. He has taught love for the needy, the sick, prisoners,

SDL-VALUE & VALUE CO-CREATION Essay Example | Topics and Well Written Essays - 2250 words - 2

SDL-VALUE & VALUE CO-CREATION - Essay Example Shared services, on the other hand is defined by process ownership and partnering as key characteristics. The efficiency and productivity of doing business is entirely reliant on the kind and degree of elements of global business services and global shared services that might be employed within organizations. One fundamental aspect of Global Business Services is the 80/15/5 rule. According to this rule 80 percent of a business process can be standardized in accordance with global basis. The other 15 percent of the process can be standardized in line with regional structures. The remaining 5 of the process is then standardized on a localized scale. This aspect represents the sweeping scope of (GBS). Another defining aspect of GBS is the integrated suite which illustrates the component of inter-connectivity of systems that manifest within the substance of the GBS. The concept of inter-connectivity is, in fact, an important feature that distinguishes GBS from Global Shared Services. Another important feature of GBS is the virtual centers that act as the locale for expertise which aids in the task of the dissemination of the subject matter. What this implies is the fact that the sphere of operation of the GBS might not be physically verifiable but its effects are significant. Subsidiary aspects of GBS are numerous but are commonly centered on the global ownership of the process as the singular aspect of global control. In shared services, goals and accountabilities are distributed among business units and organizations that engage in the services. In this manner there is little chance for the occurrence of loss of control between the parent organizations from where the particular services originated. The concept of shared services is anchored on the giving out of some core functions by some services, which has always led to the misconception that

Cash Flows Analysis and Financial Statements Assignment

Cash Flows Analysis and Financial Statements - Assignment Example Since the employees require stability of tenure, they would not want a situation whereby the company doesn’t guarantee their jobs. The management is interested in this information since it would want to know its performance and review the weak points which need to be improved. The information is important to the management since it needs to provide periodic reports on the company’s performance. The potential investors need to evaluate whether the company is a good investment opportunity. Without proper information, the company could not be an attractive investment opportunity since it would lack transparency. Eventually creditors and suppliers need to evaluate the financial information in order to find out whether this company is credit worth. They would want to find out whether they could extend credit facilities in terms of money or goods. Question 2: Most of the financial information is usually published in journals, magazines and annual reports. Some of these report s are usually given during the annual general meeting to the shareholders and potential investors. Other sources which can be utilized could include online sources such as the company websites or online journals and magazines such as www.businessweekly.com. This information evaluates in a snapshot the riskiness of the company and whether it is advisable to invest in it. other analysts normally obtain this information in order to try and predict the future performance of the company either in the short or in the long term. Question 7: Ratio analysis was formulated to basically try and provide a synopsis of the company’s performance. Ratio analysis is obtained through dividing very important to the organization since it basically evaluates the company’s financial statements and provides recommendations. Ratio analysis also tries to judge a company’s efficiency while locating the weaknesses and coming up with action plans. Ratios form a very important tool in terms of comparing different companies and their performance in the industry. Question 15: Managers tend to utilize the market value ratios in different manners such as in instances of potential mergers and acquisitions. These market value ratios such as price earnings ratio and book value ratio normally impact on the performance of management. When these ratios are high, it indicates that the management is doing a good job while if they are low then the converse is true. The managers could affect these ratios in an indirect manner since these ratios depend on the perception of investors. Much of the impact on these ratios is usually from the outside world hence the impact of managers could be curtailed and limited. Question 16: This is not usually possible since the management usually have the ability to manipulate financial information to portray the company’s image in good light. The seriousness of this practice usually ranges from interpreting accounting rules favorably to a s ituation of fraud. The function of auditors is to try as much as possible to prevent this practice leading to mis stated financial information. In some circumstances, the auditors are the ones who perpetrate this practice by deceiving the public in order to gain fame with the management of the client firm. QUESTION 25 (A) PROTEK COMPANY LIMITED COMMON SIZE INCOME

Summariz Essay Example | Topics and Well Written Essays - 500 words

Summariz - Essay Example It is interesting how he is sure that he would be able to give back life to individuals who have died. The writer has been able to bring out the critique of Mary Shelley on science. Science can be good or bad depending on the aim of the science. For example, she describes science as being bad if it aims ate manipulating the forces of nature. The writer has been able to clearly describe a wolf as who is motivated by the taste of flesh. It is interesting that the color of the eyes of wolves is as a result their pupils fattening which in turn flashes back light from a lantern. This makes their eyes look reddish yellowish. The writer has been able to relate monster to what people fear or what is not acceptable in the society. For example, if homosexuality is related to monster, this brings out the monstrosity that has been built around homosexuality. It is interesting the way the writer has been able to present current issues in the Twilight series. In particular issues related to race where whiteness is associated with superiority and purity while non-white is seen as inferior. The most interesting part of this article is how the author defines uncanny. The author acknowledges that the word is not always used in a clear sense, and has come up with the characteristics of uncanny. These include those feelings and properties that make someone uncanny. Written by L. Andrew Cooper and Brandy Blake, this article has been able to clearly relate fairly tales and children’s story with real life situations. For example, the Toy Story where toys came to life. The most interesting thing in this article is the fact that unlike what most people assume to be the characteristics of serial killers as being loners, they are social people, which make it easy for them to blend in the society easily. The writers here have been able to distinguish between popular monsters from earlier and of the twentieth and

International Business Opportunities Essay Example for Free

International Business Opportunities Essay Commercial poultry farming is a relatively stable business venture. It involves breeding hens and selling eggs. An entrepreneur can commence this business with little initial capital. It is a tedious business but the returns are worthwhile. The intake of chicken in the globe is rising each year. Foreign markets like China are abounding with potential. The human resource is low-priced there, thus, the expenses of reproducing chicken are fairly little. In addition, the superior technology and apparatus enable the farm to generate high quality of goods. The business risks involved are disease control (Jomo, 2003). The owner must ensure that the fowl do get infected by any illness. The effects of this are disastrous since the chances of spreading are very high. Another risk is vacillations in market prices (Jomo, 2003). Nevertheless, if the all the factors work in your favor, you can make a lot of profit within a relatively short time. Corn farming can be a gainful commercial undertaking. Corn is a staple food in many parts of the globe. Ethanol production is an added benefit in this business (McKibben, 2007). The foreign market potential for this business is quite limited. A lot of US corn is genetically modified. There are quite a number of concerns regarding genetically altered foods. Therefore, they are not accepted in the countries they are exported to. This leads to loss of revenue (Fussell, 2004). The decision to plant altered corn or not should be made with objective information needed to make an educated choice. The safest option for a farmer who intends to export his of her corn is to plant a variety of seed types. The business venture I advice a new company to start is poultry farming in China. The advantages are endless. The Chinese market is huge just in terms of population. The chicken market especially is on the increase. Eggs and chicken are daily commodities, thus, the demand is excessive. This is the more lucrative project between the two.

Financial Prospectus Content Paper Essay Example for Free

Financial Prospectus Content Paper Essay A concrete organization has capability to become a big vendor to a lot of construction organizations. In this report you will see an account of the project of starting up a concrete organization, the development concept, the controlling methods, and what reports will be important to keeping an effective company. To achieve success a new company must be sure to stay up with all of the rivalry thats coming up. Description of Venture The intention is to open up a concrete organization having 15 workers and 10 vehicles. The land area which we plan to purchase is around 5 acres of land. The factory thats being bought will be a complete factory which was developed from the earlier proprietors who operated exactly the same kind of company. Presently there arent civil ventures which are being built in the targeted region; however the residential area keeps growing. The residential area will eventually raise the organization and will assist to start the $2,500,000 required to launch the company. One of the greatest rivals will be Super Mix of Wisconsin that is a big concrete organization which has continued to expand during the last 7 years. Super Mix of Wisconsin has demonstrated other concrete shareholders that its easy to begin small as we will be doing due to a shortage of investment and continue to expand into a big organization opening a variety of factory areas. To get over the fiscal requirements to launch the company, the financial institution has consented to lend us $1,086,742.30 to start up the factory at a 5.50% rate of interest for the following 5 years. It has additionally been agreed to fund all of the trucks that has been authorized for $310,000  having a 6.15% rate of interest for 5 years. Development Concept The market provides extensive possibility to concrete organizations to develop and to grow into big effective companies. Super Mix of Wisconsin is just about the ruler of the industry expanding to have 2 factories, a gravel pit, and 52 vehicles. This organization has expanded to achieve success during the last 7 years, however due to the economic climate has carried a 20% loss with the market fall. With the downturn, the price of the material has risen regularly which makes it difficult to earn profits. After this information from the downturn effect, this is the growth in economy witnessed, that we think boost the construction work for residential and commercial work. This increase in the construction would let us seize the biggest share of the market in a competitive industry. There are lots of small concrete producers working in exactly the same market while Super Mix of Wisconsin also joined exactly the same small concrete producers market with 2 factories and 52 vehicles and trying hard to grab the market share once again for the recoveries lost during the last downturn. Theres already a competitive market, therefore we need to contest with all of them to seize a great share of the market and also to have a successful company later on. Management Biographies In the beginning we made a decision to start the company with 15 workers composed of 10 truck drivers and remainder of the supportive workers, details are as below. 1.General Manager We hired a general manager who is a certified graduate from a regional university and experts in company administration, earlier worked for the similar concrete production field for 6 years and have got the capability to act as leader overseeing all of the functions even in the absence of a  proprietor. My partner and I will also be keeping track of the general manager responsibilities and assisting in all means to operate the organization correctly. 2.Quality Controller We employed a quality controller that has been employed in exactly the same plant for 7 years and has good abilities to look at the caliber of concrete manufactured and the experience to deal with and fix the malfunctioning problems if happened during manufacturing by his experienced suggestions. 3.Sales Manager Presently, a sales administrator that has the capability to sell the civil constructions product in the local market and has got a reliable selling blocks with our rival. He consented to work with us since we offered him much more of an amount of compensation. Moreover, he has a great individual relation in the market therefore the sale of our organization is going to be steady to satisfy the budgeted sales jobs because of the sales manager. 4.Administration Manager An earlier worker that worked for the old proprietors has been hired to work for our organization. He has his master’s degree from a fine respectable university and has been controlling all of the operations of this factory for several years. He has excellent social and administration skills to keep the decorum among workers. Competitive Product or Service Statement Concrete and gravel are the basically required items to construct anything from residential to commercial ventures. We are starting this company on a small basis despite the fact that, there are practically 10 to 12 concrete producers providing their goods for consumers’ fulfillment in the same targeted market. A few of the large producers also developing an excellent  share of the market whereas the remainder of the share of the market is also distributed among small producers. There are 3 organizations within the location which will be competing with the existing organization. Presently there are 2 of them which are inside 10 miles and also the other one is roughly 20 minutes away. We need to strive and apply the best suitable consumer’s effective advertisement marketing ways to seize the market share and compete with the competitors. In marketing promotions we would also offer the reductions or purchase and get free offers for preliminary attention of shoppers and having the presence in market. The advertising campaign would assist to make consideration for users and rivals and the presence of our organization in the same market. We would try our best to triumph the competition among all the rivals in a short time. Moreover, to generate the income, that will help to repay the installments of the banks against the rents we made against the land and vehicles and the required expenditures of the company operations just like wages of workers, maintenance of factory, vehicles, along with other operations. In the mean time Super Mix of Wisconsin is attempting hard to restore the position back in the market; however we need to compete it first. The marketplace is restricted however sellers are struggling to obtain good market shares. Our marketing plan will be more effective for the users mind. We have a very good sales manager that has excellent interaction skills and connection with clients to increase the quantity of sales to operate our company. We would further help our clients with gift hampers and purchase to receive totally free schemes and extra consultancy service to every worker through an expert advisor. Discount offers according to market rates and the special package for purchasing more quantity of concrete certainly would enhance sales and eventually the profits. Market capabilities of the company will enhance 5  times high to contest with all of those other sellers in the market of same services and products. The accounting services of the company will be followed up by me and other partner. The very best people who will be marketed to while selling concrete to all the regional clients. Clients who have been in the region for a lot of years will desire to continue with the organization they think at ease with, but thats what sales have to be marketed and proved to the most. Construction and Preopening Budget We require $2,500,000 to start this plan of action. We cant contest with our largest rival meanwhile because of lack of investment. To get over the preopening fiscal requirements, the bank is assigning us the funding facility against the factory of $1,086,742.30 having a 5.50% rate of interest for next 5 years. Moreover, we made a decision to fund all 10 vehicles to satisfy the fiscal requirements which are approved for $310,000 having a 6.15% rate of interest for 5 years. By getting the above mentioned financial loans, we would have the ability to satisfy the starting of the company. The funding against the vehicles is so low because of the old type of dumpers while the remaining 8 vehicles funded against just $240,000. The repayment of the loan that we lent against the area of operation for the company is $20,758.04 per month and $6,014.81 per month for repayment of financial loan, which withdrew against vehicles funding. We have to strive to earn a minimum of the financial institution repayments as well as for making payment on essential expenditures of operations just like wages of workers, buying of raw material, fuel, and repair of factory and vehicles in addition to earn income. By confronting the rivalry of existing sellers in a big volume, we would also require income to satisfy the fiscal expenditures. We have thought about these expenses too when planning the plans for discount offers for capturing  the market shares we have to spend the money for monthly expenditures. Plant Rate Payment $1,086,742.30 5.50% $20,758.04 Trucks Rate Payment $310,000 6.15% $6,014.81 Operating Pro-Forma We approximated through research on this industry and earning of this sector that the income from the sales would be 45.6% as well as the price of cement along with other related production materials would be 17.71%, which would provide nearly 27.89% gross profit on sales. The income from the sales would be the amount left for profit after the sales along with other expenditures. The wages of the 15 workers will be between $48,000 annually to $92,500 annually. The 8 truck drivers would work against the per hour rate of $17.98 to $25.68 and on the other hand the bulker and dumper driver would be paid depending on the tonnage and distances of each load. We approximated that the Return on Investment would be approximately 35% after paying all the loans installments, wear and tear, and medical care insurance of workers as well as their loved ones, along with other expenses. The increase in construction business would enhance eventually the appeal for partners. The income will easily repay all of the financial loans over the following 5 years, which would be most suitable to earn capital. The  initial investment might be paid by fully repaying the financial loans of banks as well as the remainder of the cash would be considered income after paying all other operating expenditures. This is also shown that after passing the past downturn, the construction throughout the country as well as in this area would reinforce our company as well as the whole industry. Therefore I think this is the ideal time to start this plan of action as soon as possible because of the start of the construction work once again as well as the economy is on an growth phase where joblessness and inflation is often recovering. Samples of Financial Statements to be Incorporated We will use the below mentioned reports of fund to work clear and thoroughly, that shows each dealing of operation conspicuously. The Stock report reveals the balances of cement along with other substances. The quantity of finished products as well as the raw material, the dealings in this account, indicates, the inward, and outward in this type of product would be clearly described with a date, delivery challan number, as well as dealing number. The ledger maintenance for borrowers and lenders will be maintenance of ledger that unveils the outstanding balances and dealings with borrowers and lenders with the note, document number, and date. It would control the gapless system for payments and recoveries. The income report is a universal report which demonstrates the earning of the company, where the revenue deducts from the cost of sales to have the gross profit, consequently the admin and operational costs also less to show the net income. After withdrawing the taxes and interests on financial loans, the precise profitability is known. The balance sheet is a report shown about the fiscal value of the company by demonstrating the total assets, bifurcating with existing and fix in one side while the debts and shares of partners on other side and lastly both sides equalize with each other. In the concrete business there isnt a particular thing to inform exactly  what the return on investments is going to be. It depends upon the quantity of concrete which is being sold. The 2 actual shareholders will be myself as well as partner together with the financial institution in order to assist me fund the factories. There will be expenses involved for example concrete pricing and operating expenditures. In the concrete organization it has been observed many do not begin to make money for a minimum of 2 years and thats going to be depended on the economic climate. The banking institutions will have to explore the suggestion to demonstrate them that theres certainly intention to begin earning money; however it might not be for the first couple of years. My partner as well as I will also put our own belongings up for security so that the financial institution may use that against the loans. There are numerous different factors to bear in mind while opening up a concrete organization. The one thing to remember is that theres rivalry in this sector and it is not necessarily easy to keep up with the rivals, however every small attempt might have the possibility to be big. To begin a small concrete organization there will have to be sufficient trucks to service the client requirements along with a factory thats always completely operating. With everybody in the organization having the same mentality for the organization to develop several solid as well as effective ideas may be put into place.

Impact of Remuneration to Motivate Employees

Impact of Remuneration to Motivate Employees This dissertation is based on a concept of human resource management, which is an important aspect for the success of the firm. The research topic of this dissertation is Investigate the impact of Remuneration to motivate employees in the Fast Food Industry: A Case Study of McDonalds. Remuneration is one of the main tools to appraise the performances of the employees, which ultimately motivates them to work with zeal and enthusiasm. This topic is mainly focused that managers uses remuneration as a tool of motivation. Case study of McDonalds will help to evaluate the importance of remuneration as an important tool for managers to motivate employees. Introduction Remuneration is directly or indirectly one of the mainsprings of the motivation in the society. A well defined compensation system leads to motivate the employees, which further leads to increase productivity (Chi and Han 2008). This research study mainly focuses on the relationship between remuneration and motivation. Yermack (2004) has asserted in his study that all the business organizations act like a profit maximization institution, so they put their efforts to improve performance of its employees by motivating them. This motivation ultimately helps the organizations to increase productivity level. Work motivation is interrelated with job satisfaction. Money often is looked upon as a means of fulfilling the most basic needs of man. These needs are made available through the purchasing power provided by monetary income: remuneration and salary of individual (Stajkovic and Luthans 2003). According to different motivation theories, such as Maslows Need Hierarchy, Two factor theory given by Herzbergs, McGregors theory X and theory Y, Achievement Theory, Taylors Motivational Theory, etc. Money is one of the main sources to persuade the behaviour of an individual towards his organization and work productivity (Wheeler 2008). Thus, it is necessary for the corporate executives or managers to be aware with the economical and social background of employees to offer good remunerations as per their talent and skills and motivate them to work. The general meaning of remuneration is the basic salary or pay of an employee, but in the broader sense, remuneration comprises salary, fringe benefits, compensation, bonus, commissions, employee stock op tion, etc. (Guedri and Hollandts 2008). In the current business scenario, managing and motivating human resources has become a complicated task. In this highly changing and competitive environment, remuneration is one of the main tools for the manager to improve the productivity of the employees, to attract competent personnel, to retain present employees, to reduce the rate of absents and employee turnover, to manage job sequences, to strengthen union management relationships, to improve public image of the company, etc. (Perry, Mesch and Paarlberg 2006). This research study would target the remuneration procedure in fast food industry of the United States of America, by using McDonalds, worlds number one fast food restaurant. Presently, the structure of fast food industry has become complicated and its success is mainly dependent upon the qualified and talented employees, who are able to understand the changing needs and requirements of the customers. Competitive pressure and environmental changes has increased the importance of motivational practices for managers to boost the performance of the employees. This dissertation will focus on the issue that how managers of McDonalds use remuneration practices to motivate the employees and creating competitive advantages in the industry. Additionally, this dissertation will also discuss the interrelationship between remuneration and motivation with the help of different motivation theories. Research Aims and Objectives During this research work, the researcher would examine the need and importance of motivation tools for the managers and how remuneration would help the managers to motivate employees in McDonalds. The main objectives, which are coming out of this research, are as follow: ? The foremost objective of this dissertation is to identify the impact of remuneration practices on the performance of the employees in the fast food industry. ? Second objective of this research study is to identify the relationship between remuneration and motivation, on the basis of different motivational theories. ? Next objective is to understand the remuneration practices and procedures used by managers in McDonalds to motivate the employees. ? Another objective of this research dissertation is to compare performances of employees in McDonalds with its rival companies to identify the importance of and advantages remuneration to motivate the employees. ? Additionally, suggesting different strategies and practices to compensate employees as per remuneration act is also one of the main objectives of this study. Background Information McDonalds is one of the biggest fast food family restaurants, which operates in more than 120 countries and serve more than 47 million customers in a day (McDonalds: About Company, 2010). It doles out some of the favourite foods all around the world like World Famous French Fries, Big Mac, Quarter Pounder, Chicken McNuggets and Egg McMuffin. Success of the firm is highly dependent upon its HRM practices and efforts put by its managers and employees. All the HR policies of the companies are defined very clearly for the benefit of all stakeholders. The main aim of the HRM department of the company is to offer best services to the customers by ensuring that the company has skilled, motivated and committed employees. Remuneration practices used by the firm are also very good and effective and based on various motivational theories. Remuneration is not a new concept for the business organizations. In the corporate world, all the members from owner to lower level employees work for money. Not only in MNCs but also in small shops, everybody wants high remuneration and financial incentives to fulfil their basic needs, thus, it is necessary to work hard to improve the productivity of the employees and earn more money (Yermack 2004). Corporate world has become competitive, in this concern, top executive and managers uses management practices and motivational theories to enhance the skills and productivity of the employees and earn high money. Thus, fair remuneration practise are used by the managers. This creates a feeling of satisfaction among employees to fulfil their needs (Chi and Han 2008). According to the assumptions of motivation, compensation and incentive is direct tool to motivate employees. Managers in McDonalds have taken a complete overview of this concept and motivate employees by offering good remuneration and performance incentives. Presently, companies are following the system of paying for performance. Qualification and experience are also important but work performance enables employees to get good remuneration (Perry, Mesch and Paarlberg 2006). For example, if a marketing manager is highly qualified but he is not able to conduct a market research effectively and his working output is very low, company would not give a high remuneration and other financial incentives to him. On the other hand, if a sales executive has average qualification and he serve more number of customers by showing his abilities and maintaining good relations with them; he would be definitely promoted by the company and would get monetary rewards also (Wheeler 2008). Thus, it is very clear that money matters for all the employees, whether they are at high position or belongs to middle and lower levels. Remuneration requires by all the employees to fulfil their basic needs and non-monetary and monetary rewards and compensation are also given by the firm to develop job satisfaction and control the rate of employee turnover (Guedri and Hollandts 2008). Thus, this research study would focus on McDonalds, which has effective HR and compensation policies to pay its employees and motivate them to put their best efforts to achieve the goals and objectives of the firm. Literature Review Motivation is a process to push employees towards some work in order to satisfy a need. Most of people work to reach some specified goals. It is the reason that motivation is goal-directed drive that causes to person to act. Mathis and Jackson (2008) defined that need, desire; want and drive all are similar to motivation. They described that understanding of motivation is important for organizations as reaction to compensation. Compensation and motivation are directly proportional to each other (Ajila and Abiola 2004). Performance of employees, rate of absenteeism and turnover are affected by motivation and remuneration and also influenced to motivation. Managers can use different motivational tools to motivate their employees and remuneration is one of main tools among all of them. Remuneration can be defined as the monetary motivation tool that influences the behaviour of employees towards work (Armstrong, Murlis and Group 2007). In the words of Perry, Mesch and Paarlberg (2006) each employee should receive a general compensation for their efforts, role and responsibilities followed by him in the company. Before deciding a form and amount of remuneration, several considerations are there such as general economic climate, specific business condition, cost-of living and worker qualification and productivity that a firm must consider (Carraher 2011). Different authors described about the relationship between remuneration and motivation. In order to support this relationship, Mathis and Jackson (2008) stated that remuneration is different from motivation and it is related with Herzbergs hygiene factors. Remuneration includes several th ings such as bonuses, commission, salary, fringe benefits such as pensions, holiday entitlement. The study of Chapman and Kelliher (2011) represent that employees motivation does not only come from decision mix (amount of pay) of an organization policy but also it comes from the understanding of individuals. The remuneration of an employee depends on several factors such as basic needs, psychological needs, social needs, performance of individual, productivity, profitability return, etc. (Khan, Farooq and Ullahb 2010). In favour of this, Kmiotek and Lewicka (2008) stated that effective motivation does not only involves proper implementation of remuneration policy but also involves some other motivators such as organization of work, HR development and training, performance management tools, performance appraisal, etc. According to the HR experts, creation of effective reward system is necessary to motivate employees but there is a need of good and enthusiastic managers, who can drive people towards good performance. In order to create an effective motivation process, it is necessary that there should be an appropriate remuneration policy for employees (Kubr 2002). According to Ajila and Abiola (2004) there are two types of rewards such as intrinsic or extrinsic. Intrinsic rewards are related with the rewards that are natural with job. This reward is achieved by individuals when they successfully achieve their own objectives. On the other hand, extrinsic rewards are outside the job such as working condition, security, promotion, working environment and service contact. Presently, in order to motivate employees, both intrinsic and extrinsic rewards should be a part of remuneration policy. It is also well discussed that individuals effectively work to the extent for the job, which provides them remuneration if they are intrinsically motivated. In contrast to this, if people are extrinsically motivated, they effectively work to the extent by which they can attain external rewards from the job (Chapman and Kelliher 2011). Thus, it can be concluded that if the remuneration is intrinsic to the job, desire for motivation is also intrinsic or if the remuneration is extrinsic to the job, desire for motivation is also extrinsic to the job (Ajila and Abiola 2004). Perry, Mesch and Paarlberg (2006) stated in their research study that in this new government era, in order to increase the performance and productivity of the employees, managers should adopt good remuneration policies. This will ultimately help the business organizations to offer quality services and products to the customers (Maxwell 2008). It is the reason that most of employers now use remuneration policies to attract, motivate, retain and satisfy employees. It is founded through different research that performance-based remuneration motivates employees to work hard (Ajila and Abiola 2004). The study of Khan, Farooq and Ullahb (2010) support the arguments of Ajila and Abiola (2004) and said that in an effective rewards system, there are several factors that influences the performance of employees such as basic remuneration, bonus, incentives, fringe benefits, monetary and non monetary rewards, commission, etc. All these factors are good sources to boost the performance of the employees. Carraher (2011) defined that remuneration helps in developing strong relationship between employers and employees. It is founded by researchers that employees motivate through different monetary remuneration and an effective remuneration helps in reducing absenteeism, turnover intentions, provides organizational attractiveness to different job seekers and also helps in increasing employees job performance (Kmiotek and Lewicka 2008). It has been stated by Guedri and Hollandts (2008) in their study that managers in different organizations consider remuneration as a major factor that helps in increasing productivity of employees. Remuneration is an important tool that focuses on motivating employees performance and behaviour. The study of Employee retention and organizational performance (2011) also support the views of Carraher (2011) and asserted, it is necessary that there must be appropriate rewards in order to satisfy and motivate employees. In contrast to both Carraher (2011) and Employee retention and organizational performance (2011), Mathis and Jackson (2008) said that other factors such as job itself, participation, appropriate feedbacks, morale and discipline are more important than remuneration that impact on remuneration. According to Blythe (2005), in the present competitive environment, job satisfaction is more important than money, thus, manager should concentrate on all non-monetary factors, promotions, health insurance, rewards systems, etc. Zyl (2010) has stated in his research study that there is a positive relation between labour productivity and employee remuneration, which is also supported by Carraher (2011). It is the reason that greater the employee remuneration, higher the level of labour productivity. Several reasons support this fact such as if an organization adopts more differentiate remuneration, it will enhance the human efforts and a higher remuneration structure also enhances the productivity of employees (Montana and Charnov 2008). At the same time Zyl (2010) also assesrted that if gaps between employee remuneration is regularly increase, it would ultimately increases gap and convert positive relations between employees performance and remuneration into negative. There are several reasons such as if it is filled by employees that their real remuneration is less than the fair remuneration, it can cause for negative relationship. Kubr (2002) Stated that an effective remuneration system does not only enhance the performance of people, who are already working well but also it is used to enhances the performance of people who are not performing well. Remuneration play an important role in motivating employees but different employees motivate through different factors. An effective remuneration package includes several elements. These elements are as below: First, element is salary that includes different things such as pay, commission, profit related pay and share dividends. Second element is related with different facilities such as insurance, healthcare schemes and pension. Other elements are availability of discounts on companies product and service for employees and subsidiary for meals and accommodation (Kubr 2002). Salais and Villeneuve (2004) support, Kubr (2002) and said that remuneration is a better tool to motivate employees for better performance. There are three basic remuneration components such as bonuses, basic pay and profit-sharing schemes that influence the performance of employees. Armstrong, Murlis and Group (2007) described about the effectiveness of remuneration as a mean of motivation such as: ? In order to motivate employees through remuneration, it is necessary that remuneration should be equitable and externally competitive. ? Contribution systems and pay for performance system are created on the basis and understanding that directs that motivation is only takes place when the rewards are worthwhile. ? Each employee understands about the workings of financial reward system and about the benefits that is provided by it. They also know about the skills and competences of remuneration system (Murlis and Hay Group 2007). In the fast food industry, remuneration is an important part that managers use to motivate employees and enhance their productivity level. In contrast to this statement Schlosser (2001) defined that if there are lack of secure employment and good wages in fast food organization, managers use team spirit in order to motivate employees by saying that, if one employee is arriving late and do not work hard, it also affects the performance of their friends as well as their co-workers. It also helps in motivating employees, so that they can improve their performance. It has been also defined that employees work only to increase their profits and this is the reason that if organizations provide more remuneration to the employees, it helps in generating more output (Wales and Reaich 2004). Development of an employee is directly proportional to the development of the organization. If the remuneration is directly related with work performance, employee will work hard. It is the reason that most of managers use remuneration to motivate employees. Managers clearly stated in their organizations policies that if employees work hard they can earn higher profits and it is the reason that employees are motivated through this policy. Good return and high profit will allow the organizations to hare the profit with employees, thus they should work hard to get good remuneration (Yermack 2004). Zyl (2010) has been also found in their research that if employees are motivated through remuneration, there are two positive effects of this such as it helps in reducing the labour turnover from organizations and it also helps in enhancing the more salary and good working environment. Thus, it is fact that it helps in generating a productive team of efficient and talented people for the enterprise (Wales and Reaich 2004). According to them remuneration as a managerial tool to motivate employees is important for several reasons. These reasons are as below: ? Remuneration is a tool to impartial measurement of different employees. It is because if employees get more facility instead of money, it does not motivate employees to work harder. ? With the increment in salary, employees can maintain their honour, prestige and ensure economic security (Wales and Reaich 2004). ? They also argued that remuneration is a more efficient motivating factor as it can easily increase or decrease according to the proportion of work. ? Remuneration also helps in increasing the self-confidence of employees that further helps in improving the standard of living (Wales and Reaich 2004). Thus, finally it has been concluded in many research studies that remuneration is an important tool that several managers use to increase the performance of their employees. Justification of the Study This research study has its own significance to understand importance of remuneration for the business firms to improve the performances of employees and for the individuals to fulfil their desires. Although this research topic is related with the HRM but it has a broad significance in the society. Remuneration means salary and pay that is paid by employers to its employees. Money is the foremost sources for the well living of individuals, which help them to fulfil their basic needs. Presently, innovations and changes in the economical, social and technological environment have enhanced the living standard of individuals (Mathis and Jackson 2008). Money allows them to enjoy a lavish life and raise their social standard, thus, this research topic is very much beneficial for the managers to understand that how remuneration practices enables them to motivate employees to work with zeal and enthusiasm. The main reason behind selecting the fast food industry and McDonalds is the popularity. Growth and success of fast food industry attract individuals to earn good remuneration. McDonalds provide good remuneration to its employees, who develop high level of job satisfaction among the employees; thus, this example would provide valid and true information. Although job satisfaction and enrichment is also important for the development of the employees, but money has also its own importance. This research study would be beneficial for all kinds of firms such as international, MNCs, small and medium size firms, to improve the productivity of the employees. Managers would also able to understand the significance of remuneration tool to boost the morale of employees and motivate them to achieve the goals on time. Research methodology Research methodology can be discussed as a systematic process, which assists researchers to collect, organize, record, and evaluate the data and information to resolve the problem and draw a valid and reliable conclusion (Bordens 2006). Selection of research methodology is a significant task for the researcher. In order to select suitable methodology, firstly, researcher would use appropriate approach. Research Approach: There are mainly two kinds of research approaches inductive and deductive. Inductive Research Approach: In this kind of research, theories are developed according to the situation or problem (Crowther and Lancaster 2008). All these theories enable the researcher to explain data and information. This is very flexible in nature and based on bottom up approach. In this kind of approach, researcher evaluates a main concept and generalizes this view as per the research problem. It is related to the interpretivism point of view (Gill and Johnson 2002). On the other hand, this kind of research approach also involves some extent of uncertainty. Deductive Research Approach: Deductive research approach is mainly based on the positivism paradigm. In this kind of approach, research develops theories and hypothesis and tests these theories with the help of empirical observations. This approach is top to bottom approach in which researcher evaluates general views to reach at specific situation (Hyde 2000). The suitable research approach for this study would be inductive because this research focuses on the specific areas of human resource management, which are remuneration and employees motivation. Both of these concepts have their own significance in the success of a company as well as individuals. Thus, this research approach is more appropriate to explore the effectiveness of remuneration to motivate the employees and improve their productivity (Burke 2007). Deductive research approach would not be used because HRM has not given any kind of theory to defined remuneration. Basically, this is a pay given by companies to the employees for their job performance that can be used to develop a hypothesis for the research study. Appropriate Research Methodology: There are numerous research methodologies such as theoretical, applied, analytical, descriptive and empirical. Selection of research methodology would be based on the nature of research problem. In order to select the appropriate research method, it is essential to understand the nature of the research problem. The suitable research methodology for this research topic would be descriptive and applied research methodology. The main reason behind choosing this methodology is its advantage of identifying population characteristics (number of employees to collect primary data) in McDonalds to understand the impotence of remuneration to motivate employees and develop feeling of job satisfaction among them. It is a flexible methodology in which researcher uses several variables and lot of information to solve the problem or to achieve research objectives. It has flexible nature, which comprises both qualitative and quantitative research process (Cooper and Schindler 2007). We are not using other research methodologies because they are not appropriate for this study. In theoretical research, there is lack of experimental analysis and in analytical research there is a restriction of theoretical background (Goddard and Melville 2004). On the other hand, empirical research methodology is highly based on observation and field data rather than theoretical. Thus all these methodologies are not well appropriate for this study. In descriptive and applied research methodologies, the research got a chance to use both concepts and observational method. Both of these methods are also beneficial to manage cost and time (Marczyk, DeMatteo and Festinger 2005). Data Collection Method to collect Primary and Secondary Data: After deciding research approaches and methodologies, appropriate data collection method would also be selected. In order to investigate impact of remuneration and different motivational tools on the performance of employees in McDonalds, we would focus on two different types of methods. Primary research and secondary research are two different types. In order to complete this research study, the propose research types are primary as well as secondary. Primary research type comprises observations, survey and interviews through questionnaires, whereas secondary research methods comprises evaluation of reliable academic articles and published studies that are previously done by other researchers (Scruggs and Mastropieri 2006). Questionnaire can be defined as a set of some important questions that are related to the research problem. In order to collect primary data, a set of questionnaire would be used to conduct a survey process. Some well defined questions would be e-mailed to the participants in the form of questionnaire, so that it will be easy for the researcher to get back the responses of participants and carry out the research study in a systematic way. This is a suitable way to collect important qualitative data, which comprises low cost and also free from discrimination (Stead 2001). On the other hand, this research methodology has also some restrictions such as dully filled questionnaires, lack of reliability on data, low rate of return, etc. This kind of research strategy can be used only in the situation when the participants are well educated and collaborates (Bordens 2006). In case of this research study, the research would target the employees of McDonalds, who are well qualified and experienced to understand the importance of research topic for their personal, social and organizational welfare. In order to minimize the chances of discrimination, an observation methodology would also used. The information gathered by researcher at his personal level would be observed through graphical and tabular presentation to manage the thematic analysis (Crowther and Lancaster 2008). In order to collect secondary data and information variety of academic journal would be analyzed after assessing their credibility. Most of the portion of this research study would be based on the secondary data. Primary data would be used for a limited extent because it is really difficult to select appropriate participants and contact with all the participants for their valid and reliable response. By using secondary data and information, it would be easy for the researcher to enhance the credibility of the research (Cooper and Schindler 2007). Apart from research articles, companies report, different case studies would also be used. The researcher philosophy for this study would interpretive, which provide subjective reasoning according to the secondary data and real life examples (Scruggs and Mastropieri 2006). Justification of Research Methodology Both primary and secondary research methods are used to collect data, which are questionnaire, observation and review of academic journals. All these methodologies would be beneficial for this study to find the real facts and figures. According to the inductive research approach and descriptive and applied research methodologies, these are absolutely suitable strategies for this dissertation. The main aim of the researcher is to understand the impact of remuneration and motivational practices on employee performances by minimizing the errors, thus all these strategies would be beneficial to reach at the valid conclusion (Silverman 2004). Survey through questionnaire and observation method has many advantages and it is very much useful for the researcher to understand the real life situations to achieve the objectives of this research study. Survey through questionnaire is a very efficient technique to collect data and information from a large number of populations. In this research study, researcher has selected a small sample size, which gives an idea to him for the large population, thus both survey and observation methodology would be appropriate (Marczyk, DeMatteo and Festinger 2005). It is valid and reliable research methodology, through which research can study beliefs, attitude and behavior of employees and managers due to different remuneration packages. In questionnaire and observation method, extent of subjectivity and discrimination is limited. On the other hand, secondary research method enables researcher to evaluate the subjectivity of the research topic. Ethical Consideration In order to conduct any research study, it is necessary for the researcher to concentrate on the research ethics and integrity. Without ethics and integrity, research study has no value. This research study would also be conducted on ground of ethical boundaries, which ultimately help the researcher to achieve consistent and dependable result. Following ethics in research also shows the concern and responsibility of the researcher towards society and corporate environment (Resnik n.d.). The researcher would develop a code of ethics with the help of corporate lawyer. The researcher would establish ethical guidelines according to the law and regulations. Conducting an unethical research will ultimately lead confusions for the society and readers, which would waste the effort and hard work of the researcher (Ethics in Research 2010). The code of ethics would lead surety about the safety and security of data and information. The researcher would ensure the participants that he would not disclose their personal and professionals information. Researcher, his team and all the participants would follow integrity, honesty and dependability to conclude and authentic result. The researcher will record all the information to in hard copies and soft copies to by accessing passwords and security codes (Resnik n.d.). Researcher would follow non-discrimination practices to collect and evaluate primary and secondary data. Possible information sources In order to collect secondary data to accomplish the research and achieve the objectives, different sources would be used by the researcher. These sourc

tuition Essay -- essays research papers fc

College Education   Ã‚  Ã‚  Ã‚  Ã‚  College education is a highly talked about subject among the presidents. For many years college education was not highly sought after or looked for, then when people who did go to college started getting better paying jobs than everyone else more and more people started to go to college. Since college is such a hot commodity these days the price of a college education is on a steady rise. Some experts have a very strong opinion as to why college education is on a rise and some believe that that it is not on the rise.   Ã‚  Ã‚  Ã‚  Ã‚  To begin to understand this issue, we have to first examine the history and the context from which it arose. The rise of tuition is mainly due in part because the colleges need more money to upgrade and stay on top of the technology era. There are also many other reasons why tuition is on the rise though. One writer states that, â€Å"As almost every state reels from the effects of recession and tax cuts, legislatures slash funding for higher education, the largest discretionary item in most state budgets.† (Reed Jr., p.25). Another writer states, â€Å"A need to improve facilities, state budgets that are declining and inflation are all contributing to the rising cost of higher education, and there appears to be no end in sight.† (Gallagher, The Augusta Chronicle). This same writer gives another reason, â€Å"Universities, private and public, have to raise tuition to cover the costs of new construction, renovations and technological advancements and to keep qualified professors.† (The Augusta Chronicle). All of these statements show that there are many reasons why college tuition is on the rise, but they don’t seem to make sense to me. There should be other ways that colleges are able to pay for these advances in technology and inflation besides just hiking up the tuition cost. The tuition cost is so high that they have plenty of money to pay for all of the technological advances that they want and still have money left over for others things that the school has to be able to pay for from the tuition from students.   Ã‚  Ã‚  Ã‚  Ã‚  In one presidential debate between Sen. John Kerry and President Bush, â€Å"Sen. John Kerry accused President Bush of under funding aid programs, while Bush touted college access as one of the top priorities of his economic plan.† Both of the c... ...deal with the tuition increase is to start saving money for college early in life and hope that it doesn’t get to high before you get there, especially since college education is so highly sought after and held in such high regard. If parents and children will just sit down and figure out a plan on how to pay for college before they are a junior or senior in high school then there should be no problem in paying for it. Works Cited 1) Reed Jr., Adolph L. Majoring in Debt. Progressive; Jan 2004, Vol. 68 Issue 1, p 25, 3p, 2bw. 2) Gallagher, James. College Costs Continue to Rise Sharply. The (GA) Augusta Chronicle; 5/30/2004. 3) USA Today. Learn about ways to pay college tuition. Sep. 14, 2004. 4) Hempel, Jessi. College Tuition? Gumption Won’t Cover It. Business Week, 5/31/2004, Issue 3885. 5) http://studentloan.citibank.com/slcsite/slcframeset.htm. Citicorp. Oct. 26, 2004. 6) The Washington Post. Textbook Prices On the Rise. Sep. 18, 2004. 7) Stern, Linda. Congrats!—Now Pay Up. Newsweek, 4/12/2004, Vol. 143, Issue 15. 8) Ewers, Justin and Kingsbury, Alex. Opening the College Gates. 9) Bodnar, Janet. Who pays for COLLEGE? 10) Meyer, Michelle M. Tuition fees don’t tell whole truth. tuition Essay -- essays research papers fc College Education   Ã‚  Ã‚  Ã‚  Ã‚  College education is a highly talked about subject among the presidents. For many years college education was not highly sought after or looked for, then when people who did go to college started getting better paying jobs than everyone else more and more people started to go to college. Since college is such a hot commodity these days the price of a college education is on a steady rise. Some experts have a very strong opinion as to why college education is on a rise and some believe that that it is not on the rise.   Ã‚  Ã‚  Ã‚  Ã‚  To begin to understand this issue, we have to first examine the history and the context from which it arose. The rise of tuition is mainly due in part because the colleges need more money to upgrade and stay on top of the technology era. There are also many other reasons why tuition is on the rise though. One writer states that, â€Å"As almost every state reels from the effects of recession and tax cuts, legislatures slash funding for higher education, the largest discretionary item in most state budgets.† (Reed Jr., p.25). Another writer states, â€Å"A need to improve facilities, state budgets that are declining and inflation are all contributing to the rising cost of higher education, and there appears to be no end in sight.† (Gallagher, The Augusta Chronicle). This same writer gives another reason, â€Å"Universities, private and public, have to raise tuition to cover the costs of new construction, renovations and technological advancements and to keep qualified professors.† (The Augusta Chronicle). All of these statements show that there are many reasons why college tuition is on the rise, but they don’t seem to make sense to me. There should be other ways that colleges are able to pay for these advances in technology and inflation besides just hiking up the tuition cost. The tuition cost is so high that they have plenty of money to pay for all of the technological advances that they want and still have money left over for others things that the school has to be able to pay for from the tuition from students.   Ã‚  Ã‚  Ã‚  Ã‚  In one presidential debate between Sen. John Kerry and President Bush, â€Å"Sen. John Kerry accused President Bush of under funding aid programs, while Bush touted college access as one of the top priorities of his economic plan.† Both of the c... ...deal with the tuition increase is to start saving money for college early in life and hope that it doesn’t get to high before you get there, especially since college education is so highly sought after and held in such high regard. If parents and children will just sit down and figure out a plan on how to pay for college before they are a junior or senior in high school then there should be no problem in paying for it. Works Cited 1) Reed Jr., Adolph L. Majoring in Debt. Progressive; Jan 2004, Vol. 68 Issue 1, p 25, 3p, 2bw. 2) Gallagher, James. College Costs Continue to Rise Sharply. The (GA) Augusta Chronicle; 5/30/2004. 3) USA Today. Learn about ways to pay college tuition. Sep. 14, 2004. 4) Hempel, Jessi. College Tuition? Gumption Won’t Cover It. Business Week, 5/31/2004, Issue 3885. 5) http://studentloan.citibank.com/slcsite/slcframeset.htm. Citicorp. Oct. 26, 2004. 6) The Washington Post. Textbook Prices On the Rise. Sep. 18, 2004. 7) Stern, Linda. Congrats!—Now Pay Up. Newsweek, 4/12/2004, Vol. 143, Issue 15. 8) Ewers, Justin and Kingsbury, Alex. Opening the College Gates. 9) Bodnar, Janet. Who pays for COLLEGE? 10) Meyer, Michelle M. Tuition fees don’t tell whole truth.

Trapped by the Views of Others Essay -- Comparative, Howells, Gilman,

In the stories of Editha, The Story of An Hour and The Yellow Wallpaper the realism technique of writing is demonstrated by the omission of fixed, idealistic endings of stories that aren’t realistic. The authors incorporate their characters’ lack of freedom and tragic endings in these stories, which in turn leads readers to experience a realistic conclusion as opposed to an idealistic one. Editha written by William Dean Howells, is a short story of a young woman’s naà ¯ve views about war and heroic love. Editha foolishly wants her fiancà ©e George, to prove his love for her and believes that going to war would be â€Å"the completion of her ideal of him† (p 372). She views love as an act that must be established by a heroic deed as the author states, â€Å"if he could do something worthy to have won her—be a hero, her hero—it would be even better than if he had done it before asking her; it would be grander† (p 372). George’s view on war is much different than Editha’s; he knows that war causes much pain and suffering as his own father lost his arm in the Civil War. When Editha cleverly persuades George to enlist, he loses his freedom as he states, â€Å"I know you always have the highest idea. When I differ from you, I ought to doubt myself† (p 373). At this point George has given up his liberty to follow his own beliefs, he further states, â€Å"There is a sort of fascination in it. I suppose that at the bottom of his heart every man would like at times to have his courage tested; to see how he would act† (p 373). As the story unfolds, George goes off to war only to meet his untimely death during his first skirmish. The ending of this tale is one of realism as opposed to an idealistic one. The ideal ending would have been one in which Georg... ...peration as she finds comfort in the yellow wallpaper. The story ends with the narrator completely going crazy. Her husband unlocks the bedroom door only to find her creeping around in a room full of ripped yellow wallpaper and he faints. The ending of this tale is also one of realism as opposed to an idealistic one. The ideal ending would have been if John would have been wise enough to seek help for his wife as opposed to ignoring her condition due to the fact that he could not acknowledge his inability to help her. In conclusion these stories exhibit three characters’ lack freedom compelled by human nature that one has the right to impose their ideals on others. The tragic endings of these stories demonstrate realistic endings of that time frame. One can only assume that the endings of these stories would be more idealistic in these contemporary times.

Ted Hughes ‘Wodwo’ and ‘Crow’s Account of the Battle’

Hughes's poetry constitutes a moral project. It demands that we see our world and ourselves differently. Discuss. Together, ‘Crow’s Account of the Battle’ and ‘Wodwo’ by Ted Hughes detail aspects of human nature that Hughes is calling the readers to reflect upon from external viewpoints. Hughes is asking a generation exposed to the horrors of war, the destruction caused by the atomic bombs and the Nazi holocaust to consider such pointless destruction and how so much of it is caused by our alienation from the complete being of the universe.He demands that we understand what it is all conscious beings feel we are missing, and fill that void by connecting to the natural world and through art and poetry. ‘Crow’s Account of the Battle’ shows the effects of our alienation and its disastrous consequences, but also asks us to examine these from the outside perspective of Crow. ‘Wodwo’ is a poem showing the first stages of alie nation caused by self consciousness and its possible dangers.Finally, together these poems allow us to examine ourselves objectively, and understand what it is that Hughes is demanding we must do to survive our dangerous hubris. ‘Crow’s Account of the Battle’ is a disturbing picture of human coldness told from the neutral perspective of Hughes’s ‘Crow’. While the Crow figure features in many of Hughes’s poetry in order to provide an objective viewpoint, we can still see in this poetry Hughes’s own disapproving feelings about war in the tone of the poem, â€Å"This had happened too often before/ And was going to happen to often in the future†.The nature of the word â€Å"Account† in the title is very scientific in itself, and the lack of metre in the poem accentuates the tone of a report. There are no agencies in this poem, we encounter human parts such as ‘ear’, ‘eyes’, ‘intestinesâ⠂¬â„¢, ‘brains’, ‘hair and ‘teeth’ but there are no sides, all Crow sees are humans at war. Also, the verbs have no subjects attached to them, â€Å"cartridges were banging off†¦/the fingers were keeping things going†.This lack of human presence also helps to remove any emotion, as Hughes can refer to not just the world wars, but any war in history, and therefore emphasise and demonstrate to us the cycle of destruction into which humans alone created and will continue to fall in to. ‘Wodwo’ is a stream of consciousness poem detailing a creature’s first moments of conscious being. As the creature becomes aware of itself and it’s surroundings, it also becomes alienated from it’s environment, â€Å"Do these weeds know me†¦ do I fit in their world? Hughes constantly suggests, but particularly in ‘Wodwo’, that our consciousness causes us to be alienated from our surroundings and that we will immediately begin searching for this sense of belonging. We can clearly see this in the Wodwo, and in the final line â€Å"again very queer but I’ll go on looking† ending with no full stop, suggests that like humans it will now spend its whole life searching for what it feels is missing. However, in relation to ‘Crow’s Account of the Battle’, he also suggests this brings danger as we begin to perceive our world as beneath us since we have been given freedom of thought.The early stages of this danger are shown in ‘Wodwo’, â€Å"I seem to have been given the freedom of this place† and â€Å"I suppose I am the exact centre†, while the final, cataclysmic stages of it are demonstrated in ‘Crow’s Account of the Battle’. While the Wodwo has appeared to have only recently stopped ‘existing’ and started ‘being’, Hughes demonstrates the catastrophic moral consequences this alienation can have, which are further examined in ‘Crow’s Account of the Battle’.While ‘Crow’s Account of the Battle’ is presented as the probable future of the creature in ‘Wodwo’, both poems still contain explicit references to the fundamental existential questions that we are constantly trying to explain. ‘Wodwo’ is the very example of such questions, the very word Wodwo sounds like an interrogative because of the ‘w’ sounds and the first line is a perfect example of a conscious beings’ fundamental question- â€Å"What am I? Again, ‘Crow’s Account of the Battle’ is the evolution of such thoughts, but instead of asking these questions, the beings have started trying to explain them. We have a reference here to â€Å"Universal Laws†, â€Å"traps of calculus† and â€Å"theorems† (i. e. science) but also â€Å"pocket-books†, â€Å"life-mask† and â€Å"many prayers† (i. e. religion). However, since both of these explanations have been reached, and they are still in the middle of a pointless and immoral war and therefore are still trying to find what is missing, Hughes asserts that neither of these is the answer. If we return to the Wodwo’s origins, efore it became conscious, its surroundings are those of nature- we have leaves, rivers, weeds and roots rather than anything artificial. This, then, is what Hughes is suggesting is the answer. That we return to nature and try to reconnect with the whole being of the universe. He suggests that it is only then that we will discover what is missing and rediscover our potential to exist in harmony with all of the forces of nature. In conclusion, Hughes writes such poems as ‘Wodwo’ and ‘Crow’s Account of the Battle’ to warn us of our inherent hubristic view of the natural world.He asks us to step outside ourselves and consider the reasons that we ha ve become alienated, and how we have further extended our alienation by seemingly chronically searching for answers in the wrong places. Hughes is critical of both science and religion, of how we have used fundamental universal laws to our own advantage; almost always for destruction, and of how religion persistently places humans over all other beings. He instead asks us to connect with nature, or â€Å"The White Goddess† (the original Goddess, worshipped under many names, who encompassed the whole being of the universe) in order to rediscover that which we have lost.

Shall I Compare Thee To A Summer’s Day Reflection

In Shakespeare’s sonnet, â€Å"Shall I Compare Thee to a Summer’s Day,† Shakespeare compares a warm summer’s day to the woman he loves. In the beginning two lines of the poem, he makes his first comparison saying â€Å"Shall I compare thee to a summer’s day? Thou art more lovely and more temperate,† meaning Shakespeare is not sure if he should compare the woman he loves to a summer’s day because she is more lovely and more constant.He explains in the next two lines about how summer has flaws like the rough winds shake the beloved buds of may and that summer is to short, and he makes the point that the woman should not be compared to a summer’s day because in his eyes, she has no flaws. After, Shakespeare also explains how everything beautiful will loose beauty eventually due to nature’s course.In the two lines following to those above, he explains how her beauty and youth will never fade because he will always find her be autiful, no matter what effects nature’s course has on her. Showing his love for this woman, Shakespeare elaborates in his poem that Death will never claim her for ‘his’ own because she will always be his. Notice how Shakespeare makes death look like another person and how he explains how no one else could ever have her.That’s a perfect example of his unique figurative language. With the final couplet, â€Å"So as long as men can breathe and eyes can see, So long lives this and gives life to thee,† Shakespeare shows his true affection and his declaration of love for the woman he loves. It changes the pace of the poem by explaining that she can never die because she will live on forever in this poem, not comparing her to a summer’s day.

Traco vs Arrow

After a bench trial, the trial court held for Arrow solely under the theory of promissory estoppel and awarded Arrow Judgment against Traco for damages in the amount of $ 75,843. 38, plus attorneys' fees and prejudgment interest. Issue Appellant supplier sought review of a Judgment from the 45th District Court of Bexar County (Texas), awarding appellee subcontractor damages, plus attorneys' fees and prejudgment interest, in an action brought for promissory estoppel and negligence for appellant's failure to supply glass doors at the quoted price.Rule The court affirmed the Judgment of the lower court in favor of appellee subcontractor, finding that promissory estoppel was a viable cause of action in a bid construction case. The court found that the award of damages based on this theory was factually supported by the evidence, and that there was statutory authority for the award of attorneys' fees. The determination of the rate of prejudgment interest also was proper. Analysis Appellan t initially argues that the trial court erred in rendering Judgment for Arrow ecause Traco's bid was revocable and properly withdrawn thirty days after it was made.Appellant primarily relies upon the argument that its sliding doors are goods as defined by the Texas Business and Commerce Code, therefore, S 2. 205 of this code is controlling. Nevertheless, appellant's arguments ignore the appellee's basic contention and legal theory under which this suit was brought. Appellee sought relief under the equitable doctrine of promissory estoppel on the premise that appellant's romises, by way of its oral bid, caused appellee to substantially rely to its detriment.Consequently, appellant's assertion that its subsequent letter confirming this bid somehow invokes the application of the Uniform Commercial Code ignores the fact that the appellee relied to its detriment when it reduced its bid based on a telephone conversation with the appellant, prior to the time appellant's confirmation letter was sent or received. Thus, any subsequent written document is irrelevant to Arrow's cause of action; appellant's first point is rejected.Having resolved that the Uniform Commercial Code does not apply under these facts, we must now resolve whether the equitable theory of promissory estoppel applies to bid construction cases and, if so, whether this doctrine applies under the specific tacts ot this case . While no Texas case has previously applied the theory of promissory estoppel in a bid construction case, other Jurisdictions have consistently applied this doctrine under similar facts, recognizing the necessity for equity in view of the lack of other remedies. Conclusion also was proper.

Automobile Industry in Bangldesh Essay

1. 1 Introduction Now day’s education is not just confined to books and classrooms. Internship is such a program that helps to test the knowledge and understanding of the courses and to use them in a practical field. Internship training gives this opportunity to be engaged in an organization where it is possible to have an experience of the real business world and to see different practical aspects of education. Marketing Department of Chittagong University is committed to produce marketing professionals for the market who will not only benefit the society as a whole but also make path of a better future for the next generation. Internship program is a step towards fulfill this commitment by giving the students an opportunity to get ready for the real world before they enter into it. 1. 2 Research Issue This research is a requirement of the internship program for my MBA program. My supervisor Professor A. J. M. Nuruddin Chowdhury assigned me the topic. I have tried my level best to make it as an excellent one. I used all the latest data and information. I have been serving this company as an intern under Sales & Marketing Department for two months. I got privilege to put latest data. My job responsibility is to create relationship with our present and potential customers, sales products and provide service time to time by giving latest product’s information. So, I am getting the opportunity to be very close to the customer. I have the idea why customer choose, the reason of leave and the reason of using pragoti Industries Product. My supervisor Mr. Khayrul Haue officer of Sales & Marketing Department guides me time to time to make this report fruitful. 1. 3 Research Objectives The main objective of this report is to have an assessment about overall activities of sales & marketing department. How they manage all the selling process, what services it is providing to the customer and how agents are getting benefit from it and finally what is the gain for pragoti from this project, in short how it is meeting up the requirements of the three stakeholders of the company. The objectives of the study are as follow: †¢ To get the practical experience by doing job with expert of sales & marketing manager. †¢ To understand the drive structure of PIL. †¢ To understand the channels of PIL. †¢ To observe the production process & know the inputs procurement system, warehousing system and the selling and distribution system of the company. †¢ To know the marketing and pricing policies of their products †¢ To know about the products & the quality of products produced by the company. †¢ To know the accounting system and the transparency in the preparation of the financial statements. †¢ To know the application of the Corporate Governance in PIL †¢ To produce a report that will give a guideline to the future researchers or customers of the Pragoti Industries Ltd on the different aspects that are covered in this report. †¢ Finally, to suggest the management with some recommendations so that the management can identify some of the faulty areas in the organization and initiate necessary steps to bring changes in those areas. 1. 4 Research Methodology The current study is conducted primarily in participatory research analysis method and secondary on practical and theoretical analysis. The research supervisor proposed research topic. Primary and secondary data was collected from every possible source. The primary sources are as follows: †¢ Observation of the production and management sector of the company. †¢ Face-to-face conversation with the respective offices and stuffs of the industry. †¢ Related field study as provided by the officer concerned. The secondary sources of data and the information are: †¢ Web site address †¢ Book basis articles †¢ Internal magazine published by PIL †¢ Different brochures of PIL †¢ Information provided by my supervisor 1. 5 SCOPE OF THE STUDY This internship report covers all the aspects of retail environment from all the three perspective, UBL, retailers and agent. This report also gives an overview about the company like about the mission and goals of the company, the marketing mix & the strategies, competitive strategies etc. This report has been prepared through extensive discussion with the customer, sales development manager, and agent and with the other stakeholder. While preparing this report, I had a great opportunity to have an in depth knowledge of sales activities of the â€Å"Pragoti Industries Ltd. † It also helped me to acquire a first-hand perception of a leading state run automobile industry in Bangladesh. 1. 6 Limitation of the Study I have tried my best to collect the maximum information from the authority, management, production department and marketing department. But I have faced the following problems: †¢ To make a report it is very trouble full to collect the information from various personal for the job constrain. †¢ Planning & production department’s has no appropriate maintenance of planning procedure and articles. †¢ Time is not sufficient for various activities to prepare a report. †¢ Non-availability of published data. †¢ Information was not provided due to business secrecy. †¢ Lack of adequate knowledge about research by new employee †¢ Non-availability of secondary data. Chapter- 2 Literature Review 2. 1 Introduction. Bangladesh is totally underdeveloped in the sector of automobile industry. As It has no automobile industry, the sector is totally depended on import, except a few automobile-assembling units. Due to increase amount of demand, requirement and increased every year it has to import a huge amount of automobiles from the other countries. But in recent times, Bangladesh automobile industry is turning around, as a result local and foreign investor are interest about this sector for investment. So the sector has a great potentiality and prospect in the development. Pragoti is the only state own automobile company in Bangladesh and it made & repair only government related automation production. Bangladesh machine tools Factory (BMTF) was establish in February 11, 1979 and it is the commercial automobile assembly plant, maintain by Bangladesh Army, especially for defense industry. Walton & Aftab is the largest Bangladeshi private automobile company in Bangladesh. Walton Company establish a large plant for motorcycle production, on the other hand Aftab automobile is famous for bus accessories assembling. [pic]. Mitsubishi Pajero will be assembling in Bangladesh Mitsubishi Pajero, Hino Bus, Tata bus/Truck, Proton automobile manufacturer company already buildup their production assemble plant in Bangladesh and here is the important news, near Dhaka, location name is Dolaikhal, is the largest automobile market in Bangladesh for expire & new automobile parts. 2. 2 Bangladesh most popular Automobile company List †¢ Aftab Automobiles †¢ Pragoti †¢ TagAZ Bangladesh (Proposed) †¢ Mitsubishi Pajero †¢ Walton †¢ Bangladesh Machine Tools Factory 2. 3 Auto parts market of Bangladesh. Bangladesh automobile industry is not a big industry and maximum automobile parts are imported from other countries . Besides, there is no quality local manufacturer of parts and components. So, parts and components are mainly imported from countries like Japan, UK, Taiwan, China, Korea, Malaysia, USA, India, Indonesia, Pakistan, etc. The market of parts and components of this country is very small but expanding rapidly. Commercial importers import a bulk amount of parts and components that are distributed through wholesalers and retailers. Final users get the parts from the retailers and the retailers buy parts from the importers. However, there are also importers who have their own retail outlets. An assembler may also be an importer who requires a large quantity of parts and components for its assembling unit. A limited number of commercial importers import parts and components from different sources. In most cases, the assembler imports parts and components from the country where the brand is originated. Some assemblers even purchase parts and components directly from the big importers. There is another group within the distribution channel of parts and components i. e. auto servicing centers like garage, mechanical workshop, body building units, etc. The servicing centers purchase parts from the whole seller as well as from the retailer. End users get parts and components from retailers dealing in different type and brand of automobile. Although no local manufacturer of quality parts does exist, but active negotiations are going on to set up joint venture parts and component manufacturing units with China, Korea and Taiwan. Present structure of parts and components market is graphically shown below: [pic] In Bangladesh, neither we have an automobile industry nor a quality auto parts industry. So, the people of Bangladesh have no clear idea about the automobile industry or auto parts and components and their usage. The market of auto parts and components is influenced by couple of elements. People while purchase auto parts and components, they are influenced by several factors and these auto servicing centers, workshop and garage, motor pool managers, Institutional Importers (i. e.embassy), retailers, agents of branded automobile, 2. 4 Domestic parts and components industry Presently, there is no well-organized and quality manufacturer of parts and components in Bangladesh. Some low quality indigenous manufacturing of parts and components are there but they are carried out against specific order to meet emergency requirement. There is no mass production to meet the requirements. Given below is some idea of what the local manufacturers try to produce: Filters, radiators, radiator hoses, air filter housing; Brake pads, brake drum, brake disc; Electrical parts such as battery, horn, wiring, wiper and washer assembly, head lights and other lights; Trim and upholstery such as carpet, floor mat, rear parcel shelf, seat assembly, safety belt and melt damping sheet; General parts such as paint and thinner, under seal, tires and tube, and mirrors. Chapter- 3 Growth & Development of Automobile Industry in Bangladesh 3. 1 Bangladesh Automobile Prospect Bangladesh has a great prospect and potentiality in the development of automobile industry there has been an increasing trend in the use of all sorts of automobiles/vehicles in Bangladesh. However, the increased demand of individual types of automobile varies from case to case. As a result of increasing demand of individual the annual demand for automobile is increasing with a great speed an statistic show the demand has increased into 30 percent than the last year with the Improvement of roads and highways and increased number of bridge and culverts are also responsible for motivating people to buy vehicles for their day to day activities. Again the Improvement of life style in the urban areas is also responsible for the development automobile industry . With the passage of time the living standard of general people of BD has increased and they also turn into low class to middle class, middle class to upper class and in recent times the amount of upper middle class has increased which means additional demand for automobile There are also some another key reason for whom Bangladesh has a great potentiality in this industry. They are mentioned below: †¢ Government annual development plan has given priority on development of automobile industry †¢ Special attraction for Japan made vehicles †¢ Withdrawn of Rickshaw gradually. †¢ Getting popularity of Small car/sports vehicle †¢ Rent-a-car getting popularity †¢ Reduction of tax on the new motor vehicles †¢ Govt. initiative to float 10,000 commercial vehicles †¢ Expanded and increased volume of export and import 3. 2 Comparative scenario of different types of automobiles in Bangladesh A comparative scenario of different vehicles and their usage trend may be explained as below: (a) Motorcycle The use of motorcycle in Bangladesh is increasing day by day by a new group of users. Motorcycle is extensively used in Bangladesh in both rural and urban areas. The use of motorcycle has gradually increased in Bangladesh due to easy to drive; easy access to remote location; cheapest transport; Longevity of the vehicle; easy to handle and park at any place. The general users are the students, individual businessmen, officials of marketing companies and pharmaceutical industries. Over the last one and a half decades, the field level officials of different non- government organizations have been using a large number of motorcycles. In Bangladesh, both locally assembled motorcycle and imported motorcycle are available for intending users as detailed below: (i) Locally assembled motorcycle: Mainly, there are about 20 locally assembled brands. For example: ATLAS, EMMA, NITOL and SINGER. List of the local motorcycle assembling houses is given in the annex. (ii) Imported motorcycle: There are at least 7-8 different regular brands of motorcycle and these are: Honda CD 80, Yamaha, Suzuki from Japan, Xinfu, Jangshen, Jailing, Hero, TVS Victor, Yamaha, Suzuki, Bajaj, Vespa, etc. (b) Auto rickshaw / Three wheelers There has been a phenomenal increase in the number of auto rickshaw and tampoo in Bangladesh. Now, it is an important vehicle in Bangladesh. Low and middle class family members mainly use these vehicles. But, the government of Bangladesh has already banned these two vehicles to avoid environmental pollution. It is estimated that presently there are 160,000 auto rickshaws including unauthorized units in Dhaka City alone. There has been a phenomenal. – However, effective 1st September,2002, the two stroke auto rickshaw will be totally banned, which is expected to dramatically reduce the requirement of parts for these type of vehicles, but increase demand for the new CNG auto rickshaw and three stroke auto rickshaws will be there with increased demand for parts and components. (c) Motorcars Increased demand, economic development and changed life style have resulted in a great increase in the number of motor cars and the demand for motor cars is still increasing day by day. Both brand new and reconditioned cars are imported into the country. Statistics show that majority of the people usually prefer reconditioned motorcars more than brand new cars due to lower price. In Bangladesh, more than 65% of the total motorcars are coming from Japan. Many Bangladeshis living in Japan involve themselves in reconditioned car business. Recently, the government has put an age restriction on the import of reconditioned motor cars. Reconditioned cars more than 3 years old can not be imported. The government has also reduced the duties and taxes on the import of new cars to discourage reconditioned car import. Impact is that people now can buy new cars at a reasonable price having longer durability. The government has introduced new system of taxicab in 1998. As a result, the number of motorcars has been increasing. But, the requirement of spare parts and components will be lesser. Again, after the 1st September 2002, the ban of auto rickshaw will lead to a significant increase in motorcars mainly in the form of taxi cabs. Use of motorcars has increased tremendously, which is evident from the statistics for the last five years shown in the chart below: (d) Light & heavy commercial vehicles (bus, minibus, truck, pick-up, etc) Like the motorcar, there has been an increasing trend in the number of light and heavy commercial vehicles that include mini bus, bus, human howlers, passenger carriers, trucks, pick-ups, covered vans, large covered vans, etc. Over the last one decade, the use of these types of vehicles has increased at a high rate. This is due to increased demand for the these types of vehicles/automobiles effectively backed by institutional financial support to procure them. This growth rate will continue to increase in the near future. The average growth rate is 5. 63% and 4,644 in the number of vehicles annually. (e) Farm and agricultural equipment/vehicles Also, there is an increasing trend in the number of farm and agricultural equipment/vehicles due to increased application of modern tools and techniques in farming and agricultural production. Now-a-day, agricultural vehicles like power tiller, tractor and trailers are being used in the rural areas more frequently than the past. During the last one decade, various agricultural development projects funded by the different donor agencies have been implemented in the rural areas and under those programs, the farmers were given financial facilities through NGOs and banks to procure modern agricultural equipment including farm vehicles. One of the key elements that made this possible is the availability of lease financing facilities in the country and the large amount of agricultural credit funds. It has been observed that there is a reasonable growth in the number of agricultural equipment every year. This growth rate will continue to increase in the near future provided there is no drastic change in the government policy relating to agricultural sector like reduction in the subsidy and assistance and low cost fund for the farmers. The average annual growth rate is 2. 5% and 125 in number of vehicles every year. 3. 3 Estimated demand of automobile /vehicles in Bangladesh. Taking into consideration the future prospects and also keeping the resent growth pace influenced by various elements discussed earlier, it is expected that there would an additional increase in the use of vehicles. In view of the possible new avenues and prospects and looking into the weighted average growth rate of 6%, table below shows estimated demand for the next five years. Table: Projected demand of automobile /vehicles in Bangladesh |Vehicle/Year | |Taxi | |Bus/ Minibus | |Tractor |3,646 | |Headquarters |11, Agrabad C/A, Finley House (3rd floor) P. O. box no. 73 | | |Chittagong4100, Bangladesh | |Location of the factory |Barabkund, Dhaka-Chittagong Highway, Sitakund, Chittagong. | |Year of establishment |1966 under private ownership | |Nationalized Time |: After liberation of Bangladesh on 11th May, 1972 | |Types of operation |Assembling the Transport Vehicles | |Operated By |Bangladesh Steel and Engineering Corporation under the Ministry of industry | |Company Type |: Autonomous | |Initial Authorized Capital |20 Cores, Divided into 20,00,000 shares @tk100/- | |Paid-up Capital. |25 Lakhs, Divided into 25,000 no. of Ordinary Shares. | |Products |Car Assembling, Automotive Parts | |Main sources of CMD Kits from |: Vauxhall Motors of England; American Motors Corporation (AMC) of USA; Isuzu Motors | | |Corporation, Mitsubishi Motors Corporation, Nissan & Toyota Motors of Japan; KIA | | |Motors, Daewoo Motors of Korea; Aelous, Dong Feng of China; HML TATA, Swaraj Mazda, | | |Mahindra & Mahindra, Maruti, Eicher and Ashok Leyland of India | |Recent Initiative |A CNG Conversation Unit is established in Tejgoan Workshop at Dhaka. | |Nature of Business |Govt. approved automobiles marketing company, Sole Distributor of Isuzu, Suzuki | | |vehicles from Japan and Bajaj, Swaraj Mazda & Maruti vehicles from India. Parts & | | |Accessories, Sawafuji & Suzuki Generator from Japan, Scott & English industrial | | |Generator from Singapore & G. S. Automotive battery from Indonesia | | Initial production capacity |(Approximately) 200 | |Present production capacity | (Approximately) 900 | |Logo |[pic] | |Website |http://www. bsec. gov. bd/html/ent_progoti.php |. 4. 2 Aim of Pragoti Industries Limited The sky is not the limit for them but their expectations are within limit. Their imagination soars beyond conventional barriers. They share their destiny with their beloved motherland. They want to serve her the better in the greater quest for national economic emancipation.. 4. 3 Mission of PIL We shall be at the forefront of automobile industry development by: †¢ Anticipating automobiles required by all our customers everywhere and innovatively supplying them beyond expectation. †¢ Setting industry benchmarks of world class standard in delivering customer value through our comprehensive product range, customer service and all our activities †¢ Building an exciting team-based working environment that will attract, develop and retain employees of exceptional ability who help celebrate the success of our business, of our customers and of national development †¢ Maintaining the highest ethical standards and a community responsibility worthy of a leading corporate citizen †¢ Continuously improving productivity and profitability. 4. 4 Vision of PIL. To be in thee forefront of national development by providing all the customers inspirational strength, dependable support and the most comprehensive range of vehicle solutions, through our team of professionals who work passionately to be outstanding in everything we do. 4. 5 Organizational structure of the Pragoti Industries Ltd. (Agrabad Branch) Branches of Pragoti Industries Limited Chittagong Office 11, Agrabad C/A, Finley House (3rd floor), post box no. 73, Chittagong. Production Factory Barabkund, Dhaka-Chittagong Highway, Sitakund, Chittagong. Dhaka Office 151-152, Tejgaon C/A, Dhaka-1208. Pragoti Industries Limited (Local Management) |Name |Position | |Engr. Md. Nazmul Huda |Managing Director | |Md. Mustafizur Rahman |General Manager ( Marketing & Admin) | |Engr. Md. Ali Chowdhury |Addl. Chief Engineer (purchase) | |Engineer Nizamul Haque |Addl. Chief Engineer (In charge Plant) | |Dr. Zubaid-Ur-Rahman |Addl. Chief Medical Officer | |Md. Ashraful Haider Khandaker |DGM (Com) | |Md. Golam Nabi |Deputy Chief Accounts Officer | |Md. Faridul Islam |DGM (com) Dhaka Office | Board of Directors (PIL Company Board) |Sl. |Name |Designation | |1 |Md. Ataur Rahman |Chairman | | |Chairman, BSEC. | | | |Telephone: 88-02-8114616, 8112808. | | |2 |Mr. Md. Forhad Uddin |Director | | |Addl. Secretary, Ministry of Industries. | | | |Telephone: 88-02-9563561, 7194156 (Res. ) | | |3 |Mr. P R Borua |Director | | |Rtd. DIG. | | | |Phone: 88-02-8912414 | | |4 |Mr. Sheikh Md. Mobarak Hossain. |Director | | |Director (Planning & Development), BSEC | | | |Telephone: 88-02-8130473, 9338429 | | |5 |Mr. A T M Pearul Islam |Director | | |Telephone: 88-02-8122898, 9348371 Cell: 01711895957 | | |6 |Mr. Capt. (Retired) K. A. K. Modabber Hossain |Director | | |Secretary , BSEC | | | |Telephone: 88-02-8121451Res: 8757332 | | |7 |Mr. Dider Mohammad Abdur Rab |Director | | |Genarel Manager, Office of the General Manager, | | | |Sonali Bank Ltd,Chittagong. | | |8 |Engr. A. k. M. Solayman Haque |Managing Director | | |Managing Director, Pragoti Industries Ltd. | | | |Telephone: 88-031-723110, 725712 | | |9 |Mr. Md. Helal Uddin |Director | | |General Manager, Janata Bank Ltd, Divisional Office, | | | | 27 Agrabad C/A, Chittagong. | | | | | | Chapter- 5 Marketing organization of pragoti industry The â€Å"Marketing & Sales Department† of PIL is one of the most important departments of PIL. In this department, there are one DGM (Depute general manager), two assistant manager and four executives. They are smart, energetic, experienced and high educated. They are capable of handling clients and selling the products in the efficient and effective way. [pic] Role & Responsibilities of â€Å"Marketing & Sales Department†: ? Providing Quotation among prospect about inquiry. ? Receiving order from different prospect or customer. ? Selecting specific model for customer from factory on behalf of their choice. ? Direction to factory engineer for made up pre requisite model base on customer choice. ? Delivery the order pre specific date. ? Receiving product price through cash, chque, or money receipt. ? Deposit that amount into accounts department. ? Attending seminar, symposium as part of marketing activities. ? Input all of sales & money receipt in respective journal. Chapter- 6 Marketing Mix strategies of Pragoti Industries 6. 1 Product: As we have known that Pragoti industries limited does not produce auto mobiles but only assembles the auto mobiles. After assembling it mainly markets the following products: Product name and model, origin of CKD & country of origin |Sl No |Product name |Model |Origin of CKD ( ClOSE KNOCK DOWN) |Country of origin | |1 |MITSUBISHI PAJERO 4. 4 |LWB WGON |MITSUBISHI MOTOR |JAPAN | | | |V31VHNDKB |CORPORATION | | |2 |MITSUBISHI PAJERO |KH4WGNMR |MITSUBISHI MOTOR |JAPAN | | |CR-45 | |CORPORATION | | |3 |TATA TC BUS |LP01316 TC |TATA ENGINEERING & |INDIA | | | | |LOCOMOTIVE COMPANY LTD. | | |4 |TATA MINI TRUCK |LPT 709 |TATA ENGINEERING & |INDIA | | | | |LOCOMOTIVE COMPANY LTD. | | |5 |ASHOK LEYLAND MINI TRUCK |HR-55 |ASHOK LEYLAND LTD |INDIA | |6 |NISSAN NAVARA PIC UP |YD25DDTI |NISSAN MOTORS LTD. |JAPAN | |7 |MITSUBISHI MICROBUS L-300 |P13WHLNDER |MITSUBISHI MOTOR |JAPAN | | | | |CORPORATION | | Pragoti Industries ltd. Product name, model & Specification/Features: |Sl No |Product Name |Model |Specification/Features | | | | | | |1 |MITSUBISHI PAJERO 4. 4 |LWB WGON |Long wheel base, 5 door, 9 set ( approved by BRTA), Petrol engine 4. 4, 4 cylinder, | | | |V31VHNDKB |86 k. w. horse power/117 PS/5500 RPS, drive by right hand, hard top metal, 2350 CC, | | | | |wheel base 2725 m. m. , digital clock, cigarette lighter, fold belt, power steering, 1| | | | |additional wheel with cover. | | | | |Co lour – BLACK | |2 |MITSUBISHI PAJERO CR-45 |KH4WGNMR |Long wheel base, 5 door, 7 set ( approved by BRTA), Diesel engine 4 WD, 4 cylinder, | | | | |100 k. w. horse power/136 PS/3500 RPS, drive by right hand, hard top metal, 2477 CC, | | | | |wheel base 2800 m. m. , power steering, 1 additional wheel with cover. | | | | |Co lour – BLACK,SILVER | |3 |TATA TC BUS |LP01316 TC |Tata LPO-1316/55TC,52 set Deluxe bus, power steering, 4*2, Drive by right hand,6 | | | | |cylinder, horse power 160PS/K. W120/2500 RPM, Water cold, Diesel engine, Wheel Base | | | | |5545 CC,1additionl wheel. | |4 |TATA MINI TRUCK |LPT 709 |Tata LPT-709 EX, 3. 5 ton truck chassis, 4. *2, 4 cylinder, 3783 CC, Turbo Charge | | | | |inter cooled, diesel engine, Drive by right hand, Wheel Base 3400 CC, output 66. 3 | | | | |km,90 PS/2400RPS,1additionl wheel. | |5 |ASHOK LEYLAND MINI Truck |HR-55 |HR-55 in 1. 5 ton mini truck chassis, 4 cylinder, 2771 CC in line over heed volt | | | | |direct injection, water cold, diesel engine, power steering, output: 59 k. w/3600RPM,| |6 |NISSAN NAVARA PIC UP |YD25DDTI |Double Cabin 4/4, Dingell pick up,2488 (2500) CC, 4 Door, 5set with driver, power | | | | |steering, 128 horse power/4000 RPS, Wheel Base 3200, radio, Digital Clock, CD | | | | |player, power Window, Bumper | |7 |MITSUBISHI MICROBUS |P13WHLNDER | 5 door (Sliding both side), 12 set ( approved by BRTA), 4. 2 cylinder, 86 k. w. | | |L-300 | |horse power/114 PS/5750 RPS, drive by right hand, hard top metal, power steering, 1 | | | | |additional wheel with cover, bilt in ac . | | | | |Co lour – WHITE | 6. 2 Services: In case of providing services Pragoti industries limited is not exception. Like other automobiles industries it provides services which are followings every product has one year warrantee. All repairmen services are provided through 7 (seven) servicing agents of Pragoti Industries Ltd which are situated at Dhaka and Chittagong. A. Dhaka city: No. of agents -05. The servicing agents are at Motijeel, Fakirarpul, Tejgaon, Baridhara and Tongi. B. Chittagong City: No. of servicing agents – 02. The servicing agents are at Sholoshahar and Jamal Khan Lane Product. 6. 3 Pricing: Price is the element of the marketing mix that produces revenue; the other elements produce costs. Price is the easiest marketing mix elements to adjust; product features, channel, and even promotion take more time. Price also communicates to the market the company’s intended value position of its product and brand. Companies set prices by selecting a general pricing approach that includes one or more of three sets of factors. We examine these approaches: the cost base approach (cost plus pricing, break-even analysis, and target profit pricing); the buyer-based approach (value-based pricing); and the competition-based approach (going rate and sealed bid pricing) Pragoti’s pricing Method: Pragoti fo0llows the cost- based method in setting prices of all its products. They consider different prices and estimate break-even volumes, probable demand, and profits for each. Pragoti Industries ltd. Product name, price per unit & payment terms: |Sl No |Product Name |Price per unit |Payment terms | | | | | | |1 |MITSUBISHI PAJERO 4. 4 |55,00,000 |Fully cash | | | |3,05,000 | | | | |Total=58,05,000 | | |2 |MITSUBISHI PAJERO CR-45 |75,00,000/= |Fully cash | | | |76,000/= | | | |With additional fittings |Total=75,76,000 | | |3 |TATA TC BUS |24,58,000 |35% in down payment, additional 65% paid 18% interest with 36 monthly | | | | |installment. | |4 |TATA MINI TRUCK |16,50,000 |Fully cash | |5 |ASHOK LEYLAND MINI Truck |16,50,000 |Fully cash | |6 |NISSAN NAVARA PIC UP |41,72,000 |Fully cash | |7 |MITSUBISHI MICROBUS |28,50,000 |Fully cash | | |L-300 | | | 6. 4 Promotion: In recent time marketing not only calls for just developing a good product but also pricing it attractively and making it available to the targeted customer. Companies also must communicate with their customers and they try to create a good customer relation among them. To communicate well, the firm often hires advertising agencies to develop effective advertisement, give appointment to active experienced officers and executives, give on – line services to the big businessmen or organization, and create a private relationship with clients. As PIL assembles automobiles for selective customers it spends less than the others. It mainly uses two types promotion. They are: †¢ Consumer promotion tools & Advertising †¢ 6. 4. 1 Consumer promotion tools: Short term incentive to encourage the sales of service or products of the firm is called sales promotion. PIL uses the following Consumer promotion tools they are: Price Pack: At the time of festival PIL offer some special discount for Suzuki vehicles. Cash refund offer: PIL still thinking about it. Patronage reward: For corporate sales (Huge quantity) special discount offering. 6. 4. 2 Advertising: Advertisement is the fine art of convincing people that the doors to open standards are never closed. The Advertisement plan & campaign plan are similar in outline & structure. It matches the right audience to the right Message & represents it in the right medium to reach that audience. †¢ Objective of advertising plan are †¢ Create awareness among 60% of target audience. Pragoti industries use the following media for advertising its products. They are Newspaper: Advertise publish in The Daily Newspaper with multi colour, regarding after sales service facilities. Direct mail: New product’s catalogue sends by direct mail with product specification, advantage and design. Calendar: Every year Pragoti Publishes colourful and attractive calendar with picture of their products. Direct mail: New product’s catalogue sends by direct mail with product specification. Advertising problems: PIL often can not advertise in the media since it is very expensive and difficulty in the corporate level. Finance 6. 4. 3 Distribution Channel: Most of the Producers use intermediaries to bring their products to market. They try to forge a distribution channel—a set of interdependent organizations involved in the process of making a product or service available for use or consumption by the consumer or business user. The distribution functions of PIL are made by 32 dealers. Functions of the dealers: †¢ Sell the cars to the private company, people or NGO which are produced by the 1st party. Here Pragoti is the 1st party, †¢ They cannot sell other company’s cars except the Pragoti within the duration of the contract, †¢ The full payment will be collected by them from the buyers, †¢ Help the buyers in taking permission from BRTA, †¢ Will sell at least 40 cars within the deed duration, The performance will be evaluated after 6 months. Dealership will be cancelled if they fail to achieve the quota.