International Business Management Essay Example | Topics and Well Written Essays - 750 words

International Business Management - Essay Example Manufacturing sectors are major contributors of the national GDP in a number of ways. For instance manufacturing companies, use the national resources as inputs to formulate the outputs which can be either exported or used locally depending on the need. The huge unemployment rate in Morocco makes this industry an ideal sector to analyze since it involves a large workforce (Verme et al 2014). Also the manufacturing sector contains a huge degree of clarity on its role in contributing to the GDP of the country. Comparing the GDP of Morocco with other nations in the region, it will be apparent that the Moroccan GDP exhibits a growth of approximately 5 % annually (Verme et al 2014). This is a sign that the country holds potential resources to ensure success. Over the past 3 years the country has enjoyed political stability and continuous production without disruptions. This has seen the rise in its GDP continuously. The Moroccan government is putting in a lot of effort to protect its resources and ensure stability, through which it will give its citizens a foundation to work without engaging on other non-productive activities. As compared to other low economies the Moroccan economy is enjoying international recognition. Apart from the GDP, Morocco exhibits a high GNI in a given financial year (Verme et al 2014). The difference between the GDP and GNI is that while the GDP encompasses the income which the country generates locally, the GNI involves the income which is generated both locally and overseas this means that GDP is the best yardstick to measure performance of a given nation since it entirely points out those factors of production within a country’s disposal. Inflation over time has been a major problem in industries; inflation is responsible for cutting down of profits because of the frequent changes in the market. The inflation is usually used as an indicator of macroeconomic

‘Entrepreneurs’ as Franchisees Essay Example for Free

‘Entrepreneurs’ as Franchisees Essay Franchisors are increasingly having to be more and more selective in the adoption of franchisees with factors such as economic climate and the potential difficulty with growth playing key factors in the decision making process. It is not simply an ability to grow which creates a successful Franchise and nor is it the desire of any franchisor to adopt every potential franchisee. Franchisors are becoming more and more scrutinising as the global economy declines. There is a general understanding within any franchised business, which is that one of the most desired traits of any franchisee is the ability to follow a set design People who buy franchises are not entrepreneurs, and they better know that going in, (Libava, 2012). Throughout, the difficulty of working with entrepreneurial franchisees will be analysed alongside what a Franchisor looks for in an ideal Franchisee in the context of someone seeking to enterprise a franchise; how these differ, how they are similar and what potential benefits or disadvantages this stance may create. The entrepreneurial process requires a great number of identification and opportunist methods in order to obtain the resources for their business and be deemed â€Å"entrepreneurial† (Shane, 2003). The use of these skills will be evaluated in the context of a franchise in order to understand why franchisors prefer not to take on entrepreneurs. Firstly, it is important to understand why franchisors must have certain barriers of entry to their franchise before we can fully question their likeliness to take on entrepreneurs. Franchisees seek to join a Franchise due to the ease of starting a business; Suppliers are already established, store layout is already set, uniforms already designed customers already familiar with the brand and so on. The sole reason this is set out already is because it has been tried and tested (in most cases) over time, and most likely by a number of other Franchisees. Since all the Franchisees have built this brand image up since the off, it is integral to protect this brand image as any impairment to one franchisee could cause the public to â€Å"tar† the whole franchise â€Å"with the same brush†. However, the extent to their high expectations of potential franchisees has a tendency to vary with each scale of franchise. A well-established franchise has a lot to protect and therefore is likely to resist the urge to take on an enterprising franchisee, seeing them as â€Å"high risk†. Alternatively, the opposite can also be said as it is likely to promote the business more with greater levels of feedback, new prospects and innovative ideas (Diebold 1990). From one perspective, there are many reasons why certain franchisors would avoid accepting entrepreneurial Franchisees into their Franchise. Entrepreneurial businessmen and women are often stereotyped as the innovators; someone who pushes the boundaries of the known worlda change agent who is relentless in making things happen and bringing ideas to execution (Entrepreneur.com). This means that their skills best lie in the development of new ideas, improvement of old ways and generally the identification of modern concepts and techniques. In the eyes of a potential franchisor this has many foreboding difficulties should they decide to accept the franchising agreement. Firstly, a franchise is a tried and tested model which has proven to be a mostly profitable and successful enterprise of its own with a large quantity of time, effort and money used to perfect the foundations of the franchise. Therefore should a franchisee wish to try and change these perfected techniques, not only does it risk the chance of failure and therefore damaging the brand as a whole, but also the arrogant â€Å"I know better† attitude contradicts the very concept of a franchise. Libava defines this concept as using a â€Å"franchise company’s trademarks, systems, signage, software, and other proprietary tools and systems in accordance with the guidelines set forth in the franchise contract† to an â€Å"Identified System† (Libava 2012). Taking on board the enterprising ideas the franchisee puts across would essentially be the franchisor wasting effort and money in the perfecting of their pre-set method. This is especially the case with larger, more established franchises such as Subway and McDonalds, whereby every task is responded to in a set way and is quantified to the smallest factor. An example of this is when changing the uniform at McDonalds in 2012, it cost over  £1.52 million in the UK alone due to the vast number of employees (Weiss 2012). From cleaning the floors to dealing with food complaints, even the smallest change in the franchisors technique requires a great amount of communication and control, but is also a timely and therefore costly exercise. This then reflects the reluctant attitude to established Franchises when considering the great cost and risk involved in the context of someone entrepreneurial. The franchise already has the fine details of the business set into its own convention; entrepreneurial individuals only cause a constant battle with the franchisor due to the desire for change and sometimes, change for change’s sake. However, although in the established franchise context this statement may be true, it is not always the case. Start-up, less established and more innovative franchises are much more likely to be open for suggestion and more interested in taking on entrepreneurs into their franchise. The same can be said for franchises in need of innovation to survive. With everyday names such as HMV and Woolworths going into administration, amplification of a USP and innovation has become a necessary act for survival. Even the slightest differentiation could mean the difference between consumers buying with you or a competitor; Domino’s Pizza is a good example of this. Since the almost-global economic recession of 2008, survival has been integral to any business model, franchise or otherwise. As a result of this, Domino’s has allowed one of its more entrepreneurial franchisee’s to trial and as a result implemented â€Å"Bread Bowl† and â€Å"Pasta† dishes onto their menu with great success (Wilson 2012). The same can be said of WSI, an internet marketing franchise, whereby 90% of the products and services have come from the franchisee’s themselves to â€Å"ensure that [they] are offering the latest and best internet marketing processes to end clients that deliver results† (McArthur 2012). This shows how, it is not only the economic factors that play to a franchisors’ decision making, but also the type of franchise that they are operating. The online marketplace is a raw marketplace where each business is instantly comparable to their competitors and just as easily undercut; therefore, an innovative franchisee is more desirable than the traditional replicable franchisee as they are able to create differentiation potentially more valuable than price. In addition to this, it is also useful to look at the financial success of large and small franchises to gain a better understanding as to why some seek entrepreneurs and others don’t. An â€Å"Innovation vs. Replication† report compared the financial performance of 500 firms varying in size and found that small businesses with business models centred on low levels of replication and high innovation, showed more growth than models with high levels of replication. Additionally, they also found that large businesses with only high levels of innovation and low levels of replication had a lower average financial position (Aspara 2009). This reflects how statistically it would work against the favour of a large franchise to adopt innovative entrepreneurs, whilst also presenting a counter-point portraying enterprising individuals as promoters for growth and financial stability for smaller franchises. This isn’t always the case though, presented in the franchise Krispy Kreme with its â€Å"boom† stage in the early 2000’s. Being a rapidly growing donut franchise it had entrepreneurs from around the world wanting to become part of this international business. However, due to the lack of care when choosing franchisees and with growth as their only concern, issues with proximity caused cannibalising sales as a result of capitalising their own popularity (Morebusiness.com 2010). Pulling these points together, there are many clear reasons why a franchisor would be hesitant to take on an entrepreneur. Taking on a â€Å"If it’s not broke don’t fix it† attitude emphasises the safety in the tried and tested method of replication. Franchises with a set convention are likely to take a â€Å"sure-bet† rather than a â€Å"risk†, due to knowledge that the model works fine the way it is, proven by their own and other franchisees. That is not to say that what works for one franchising model is the same for all (Francis 2010). Both economic and business models play key factors into how enterprising a franchise may or may not choose to be. Some franchises such as WSI rely on entrepreneurial franchisees for the very success of their business and remain an integral part of their franchise model. Within the report of innovation and replication it found that the most financially successful businesses were large scale firms with high levels of innovation and replication (Aspara 2009) showing how there is room for improvement in any business. â€Å"Staying consistent on the core components of your business doesnt mean the products you sell, or even the way you deliver them, have to stay the same† (FranchiseDirect.com) However, replication in a franchise builds the foundations of what has already been industry certified and therefore proven to work. Entrepreneurs are most useful in a franchise when the need for innovation is high, such as start-up franchises and times of economic instability where differentiation is needed to survive. As a franchise grows, the structure becomes more and more rigid and therefore more difficult and less susceptible to change as the cost of doing so outweighs the potential benefits. Perhaps it is the case that most franchisors are less likely to take on an entrepreneur as a franchisee, using their own sources of research and development. However, not every franchise has the capital to operate their own entrepreneurial department and therefore is much more likely to opt for enterprising franchisees to enable their franchise to grow. Reference List Aspara et al, J A, 2009. Innovation vs. Replication. Business model innovation vs. replication: Financial performance implications of strategic emphases. 1, 6,7 Diebold, J. D, 1990. The Innovators: The Discoveries, Inventions, and Breakthroughs of Our Time. 1st ed. New York: Plume. Entrepreneur.com 2013. Innovators | Entrepreneur.com. 2013. [ONLINE] Available at: http://www.entrepreneur.com/innovators/index.html. [Accessed 24 January 2013]. Francis K.A. Demand Media. 2010. Innovation Vs. Replication in Franchises. [ONLINE] Available at: http://smallbusiness.chron.com/innovation-vs-replication-franchises-198.html. [Accessed 23 January 13]. Libava 2012, The Top Traits of Successful Franchise Owners | Entrepreneur.com. 2013. [ONLINE] Available at: http://www.entrepreneur.com/article/224016. [Accessed 23 January 2013]. Also see Definition Of A Franchise. 2013 [ONLINE] Available at: http://www.thefranchiseking.com/definition-of-a-franchise. [Accessed 24 January 2013] McArthur, R M, 2012. President of WSI Internet Marketing Franchise. Can Franchising and Innovation Go Hand in Hand? (See Wilson 2012) MoreBusiness.com. 2013 . Learning from the Franchising Mistakes of Failed Krispy Kreme | MoreBusiness.com. [ONLINE] Available at: http://www.morebusiness.com/franchise-risks. [Accessed 23 January 2013]. Shane, S.A , 2003. A General Theory Of Entrepreneurship: The

The Struggle for Emancipation of Women :: Papers

The Struggle for Emancipation of Women Describe and compare the progress made to secure rights for women (Economically, educationally, legally, politically, etc.) between 1870 and 1900) Before 1870 Women's education depended on their class. If you were born into an Upper or Middle class family a Governess would have tutored you privately, while Working class women might of gone to a Sunday school to learn the basics of reading and writing. Women didn't need an education before 1870 as they wouldn't need to work unless if you were Working class, and also because a women's opinion never mattered, they had to sit there and look pretty. There were many changes after 1870, such as Elementary, Public and Universities were being founded. All children, both boys and girls, were made to go to elementary school till the age of 9. Also the Universities and Colleges such as the Cheltenham Ladies College were a break through in women's education. These new laws Guaranteed education of Middle and Working Class women. Women started to think for themselves after this but sexism was still there, it was an improvement but wasn't a huge improvement. The Elementary schools may of given opportunities to the lower classes but these were largely overcrowded and they had to leave at the age of 9, which doesn't help them much as at this age they were still too young for jobs. There was progress during this period, due to the fact of before this time there was no guaranteed education for the working class, as after 1870 this was made possible. Before 1870 women's jobs were very menial and repetitive and also were often at a much lower rate than of a man doing the same job. Upper and Middle Class women were very idle before 1870 and spent most of their time playing the piano or just looking pretty. The working class women had low paid jobs such as; Domestic service, working in fields and Factory working, the Upper and Middle Class women of the times duties

An Efficient and Practical Solution to Secure the Passwords of Smartcards

AN EFFICIENT AND PRACTICAL SOLUTION TO SECURE THE PASSWORD OF SMARTCARD Abstraction The two peculiar security dangers on acute card-based secret word cheque in conveyed models. Keen card-based secret key verification is a standout amongst the most normally utilised security instruments to concentrate the personality of a distant client, who must keep a significant superb card and the comparison war cry to finish a fruitful confirmation with the server.The proof is by and large coordinated with a cardinal foundation convention and outputs shrewd card-based secret key verified cardinal assention. We utilize two conventions as a portion of this system and they are ( 1 ) enemies with precomputed information put off in the savvy card, and ( 2 ) enemies with typical information ( as for diverse clip infinites ) put away in the astute card. The antagonistic step proposed for the security dangers and secures the conventions. List TERMS- Verification, cardinal trade, disconnected from the net and on-line vocabulary assaults Presentation Distant verification is of amazing significance to guarantee an organized waiter against revengeful distant clients in spread models. To beef up security, crisp card based war cry registry has turned with a title-holder amongst the most extraordinary avowal sections. This methodological analysis includes a waiter and a client and on a regular basis consist three phases. This phase comprise hitch phase, where the waiter issues a acute card to the client. EXISTING System In a current model, A strong and effectual client verification and cardinal assention program using acute cards. It is intended to compel assorted tempting catchs including no secret key tabular array, waiter proof, and so forth. In any instance the important limitation of is a reasonably high computation cost. This is enhanced with another proposition in by mistreating the focal points of pre-computation, i.e. , inordinate operations are finished in the disconnected from the net phase ( before the confirmation ) . It is asserted in that their program can expect logged off word mention assaults irrespective of the fact that the enigma informations put away in a savvy card is traded off. Related Work As a major facet of the security indoors dispersed models, different disposals and assets need insurance from unapproved use. Distant confirmation is the most by and large utilised scheme to concentrate the character of a distant client. This paper examines an orderly attack for formalizing clients by three elements, to be specific secret word, astute card, and biometries. A non specific and unafraid construction is proposed to redesign two-component proof to three-element verification. The alteration non merely wholly enhances the informations verification with easiness to boot secures client protection in disseminated models. Likewise, our system holds a few practice-accommodating belongingss of the basic two-component verification, which we accept is of independent investing. Inculcating false information assault is a singular genuine hazard to remote detector system, for which a enemy studies forge informations to drop conveying on blooper pick at upper degree and verve squander in theodolite hubs. In this paper, we propose a novel transportation velocity proficient helpful proof ( BECAN ) program for dividing infused false information. Taking into history the arbitrary diagram properties of detector hub organisation and the helpful bit-packed proof scheme, the proposed BECAN program can save verve by in front of agenda identifying and dividing the king of beasts ‘s portion of infused false information with minor extra operating expenses at the in theodolite hubs. Furthermore, merely a small part of infused false information demands to be checked by the sink, which accordingly by and large decreases the problem of the sink. Both conjectural and reproduction consequences are given to exhibit the viability of the proposed program every bit far as hig h dividing likeliness and verve sparing. Secret word verification has been embraced as a standout amongst the most by and large utilised agreements as a portion of system environment to screen assets from unapproved access.Recently, Lee–Kim–Yoo [ S.W. Lee, H.S. Kim, K.Y. Yoo, Improvement of Chien et Al. ‘s distant user hallmark strategy utilizing smart cards, Computer Standards & A ; Interfaces 27 ( 2 ) ( 2005 ) 181–183 ] and Lee-Chiu [ N.Y. Lee, Y.C. Chiu, Improved remote hallmark strategy with smart card, Computer Standards & A ; Interfaces 27 ( 2 ) ( 2005 ) 177–180 ] individually proposed a acute card based secret cardinal proof program. We demonstrate that these two programs are both capable to phony assaults gave that the informations put away in the savvy card is revealed by the enemy. We likewise suggest an enhanced program with formal security verification. Despite the fact that the acute card brings amenitiess, it similarly builds the danger on history of lost cards. When the smart card is possessed by an aggressor, the aggressor will perchance try to analyse the secret information within the smart card to infer the hallmark mechanism of the waiter and so hammer user certificates or interrupt the full hallmark system In this paper, we analyze the lost smart card onslaught from Juang et al.’s strategy [ 5 ] that proposes watchword authenticated cardinal understanding. In order to bolster the security of the full system, we mitigated some of its failings. Computer security is one of most of import issues around the universe. Most computing machine systems are utilizing watchwords for their ain hallmark or confirmation mechanisms. A robust and efficacious attack for categorization of 24 individuals who their typewriting forms were collected introduced. A additive ( LDC ) , quadratic discriminant classifier ( QDC ) and k nearest neighbor ( K-NN ) are utilized to sort users keystroke forms. After that a set of mentioned ensemble methods are adopted to cut down the mistake rate and increase the dependability of biometric hallmark system. Promising consequences have been achieved. The best mean FAR, FRR and EER parametric quantities are achieved for remarkable classifiers as 19.20 % , 0.81 % and 1.39 % severally. The province of the art public presentation consequences mean FAR, FRR and EER parametric quantities are achieved for the ensemble classifiers as 0.00 % , 0.00 % and 1.15 % severally. The comfort of 802.11-based distant entree systems has prompted unbounded organisation in the client, modern and military parts. Notwithstanding, this use is predicated on a verifiable guess of classifiedness and handiness. While the security imperfectnesss in 802.11 ‘s indispensable in private constituents have been by and large promoted, the dangers to system handiness are far less loosely increased in value. Actually, it has been proposed that 802.11 is deeply powerless to noxious disclaimer of-administration ( DoS ) assaults concentrating on its disposal and media entree conventions. This paper gives an explorative scrutiny of such802.11-particular assaults – their common sense, their adequateness and possible low-overhead execution PROPOSED SYSTEM Existing program was farther enhanced by proposed program. which demonstrates that attackers can efficaciously copy the client with old secret key and old information in the savvy card. In this manner, another program was proposed to change that imperfectness, together with a few other new belongingss, for illustration, frontward enigma and secret key altering with no coaction with the waiter. The security scrutiny made in demonstrates that the enhanced program stays procure under disconnected from the net word mention assault in the superb card bad luck instance. A alteration of bing program was as of late presented and Compared with the old program, the new program in gives the convenience of secret key altering operations and has a few attractive key belongingss. Faculties PRODUCT PRESPECTIVE Existing described a efficient user hallmark and cardinal understanding strategy utilizing smart cards. Existing strategy can be viewed as an betterment over the one proposed in, which is designed to suit a figure of desirable characteristics including no watchword tabular array, waiter hallmark, etc. But the major restriction of is a comparatively high calculation cost. This is improved with a new proposal in by working the advantages of pre-computation, i.e. , dearly-won operations are completed in the offline-phase ( before the hallmark ) . It is claimed in that their strategy can forestall offline-dictionary onslaughts even if the secret information stored in a smart card is compromised. PRODUCT FEATURES Existing strategy was farther improved by hearty strategy shows that aggressors can successfully portray the user with old watchword and old informations in the smart card. Therefore, a new strategy was proposed to repair that defect, together with several other new belongingss such as forward secretiveness and watchword altering without any interaction with the waiter. The security analysis made in indicates that the improved strategy remains unafraid under offline-dictionary onslaught in the smart-card loss instance. An betterment strategy was late introduced by hearty strategy. Compared with the old strategy, the new strategy in provides the serviceability of password-changing operations and has several desirable key belongingss. DESIGN AND IMPLEMENTATION CONSTRAINTS Constraints IN ANALYSIS Constraints as Informal Text Constraints as Operational Restrictions Constraints Integrated in Existing Model Concepts Constraints as a Separate Concept Constraints Implied by the Model Structures Constraints IN DESIGN Determination of the Involved Classs Determination of the Involved Objects Determination of the Involved Actions Determination of the Require Clauses Global actions and Constraint Realization Constraints IN IMPLEMENTATION A assorted leveled organizing of dealingss may convey approximately more categories and a more addled construction to put to death. Accordingly it is suiting to alter the assorted leveled connexion construction to an easier construction, for illustration, an established degree one. It is slightly direct to alter the formed assorted leveled theoretical account into a bipartite, degree theoretical account, consisting of categories from one position and degree dealingss on the other. Flat dealingss are favored at the outline degree for grounds of effortlessness and usage easiness. There is no personality or usefulness connected with a flat connexion. A flat connexion compares with the connexion thought of element relationship demonstrating and legion point situated systems. SYSTEM FEATURES This paper returned to the security of two secret key validated cardinal assention conventions using superb cards. While they were thought to be unafraid, we demonstrated that these conventions are faulty under their ain intuitions separately. Specifically, we considered a few kinds of enemies which were non viewed as in their lineations, e.g. , enemies with precomputed information put off in the astute card and enemies with diverse information ( as for typical clip gaps ) put away in the smartcard. These enemies speak to the possible dangers in spread models and are non the same as the usually known 1s, which we accept merit the consideration from both the scholarly universe and the concern. We likewise proposed the replies for fix the security defects. At the terminal of the twenty-four hours, our results highlight the criticality of extended security theoretical accounts and formal security scrutiny on the constellation of secret word verified cardinal assention conventions using superb cards. EXTERNAL INTERFACE REQUIREMENTS USER INTERFACES 1. All the substance in the undertaking are executed utilizing Graphical Client Interface ( GUI ) in Java through JSP 2. Each theoretical piece of the ventures is reflected using the JSP with Java 3. Framework gets the information and conveys through the GUI based. HardwareInterfaces ISDN You can unify your AS/400 to a Joined Organizations Automated Framework ( ISDN ) for faster, more exact informations transmittal. An ISDN is an unfastened or private electronic correspondences sort out that can assist informations, facsimile, image, and diverse organisations over the same physical interface. Similarly, you can utilize typical traditions on ISDN, for case, IDLC and X.25. SOFTWARE INTERFACES This merchandise is associated with the TCP/IP convention, Attachment and listening on fresh ports. Server Attachment and listening on fresh ports and JDK 1.6. COMMUNICATION INTERFACES 1. TCP/IP protocol. OTHER NONFUNCTIONAL REQUIREMENTS Performance Requirement To incorporate the several advantages of internal and external images, a straightforward scheme is to choose external images when the laterality mark of the internal images is below a predefined threshold. However, this threshold-based method is non elegant and the threshold is normally difficult to find. Therefore we propose a bunch based strategy to jointly choose the best summarisation from internal every bit good as external images, in an incorporate manner. Safety REQUIREMENTS 1. The merchandise may be security know aparting. Provided that this is true, there are issues connected with its trustiness degree 2. The merchandise may non be security know aparting in malice of the fact that it structures some piece of a well-being basic model. Case in point, programming may basically log exchanges. 3. In the event that a model must be of a high reputability degree and if the merchandise is indicated to be of that uprightness degree, so the equipment must be at any rate of the same honestness degree. 4. There is small point in presenting â€Å" flawless † codification in some idiom if equipment and model scheduling ( in broadest sense ) are non solid. 5. On the off opportunity that a Personal computer model is to run scheduling of a high uprightness degree so that model ought non in the interim oblige scheduling of a lower honestness degree. 6. Models with typical requirements for wellbeing degrees must be divided. 7. Something else, the largest sum of trustiness obliged must be connected to all models in the same environment Faculties Information STOCKPILLING Plan In most savvy card-based secret word verification programs, superb cards merely hive away the information created amid the enlistment phase. Consequently, an enemy with the astute card can merely acquire the information produced in that phase. However, this is diverse in bing convention, where the savvy card contains the information delivered amid the enlistment phase every bit good as created amid the precomputation phase. Along these lines, an enemy with the superb card in can acquire both kinds of information SECRET WORDCHANGING Scheme As one can see, the important intent for the online and disconnected from the net word mention assaults on is the constellation of the superb card in registration phase, where V is figured with the terminal end of executing war cry altering with no connexion with the waiter. To do the convention secure, we can calculate V in an surrogate mode A alteration of bing program was as of late presented by robust strategy. Contrasted and the old program, the new program in gives the easiness of usage of secret key altering operations and has a few attractive key belongingss. HEARTY SCHEME In this paper, we consider an enemy who has the capacity separate the information put off in the superb card of a peculiar client more than one time, i.e. , the enemy has the information in the astute card delivered at typical clip infinites because of secret word germinating. Such an enemy can efficaciously ( with overmastering likeliness ) figure the watchwords picked by a client in robust program. So we proposed new program that is powerful robust program for Smart-Card secret key confirmation Architecture Diagram Attacker with Pre-Computed Data in the Smart Card Attacker with Different Data in the Smart Card: Decision This paper returned to the security of two secret word understanding conventions using shrewd cards. While they were thought to be unafraid, we demonstrated that these conventions are faulty under their ain intuitions individually. Specifically, we considered a few kinds of enemies which were non thought to be in their programs, e.g. , enemies with precomputed information put off in the acute card and enemies with typical information ( sing diverse clip infinites ) put away in the smartcard. These enemies speak to the possible dangers in appropriated models and are non the same as the normally known 1s, which we accept merit the consideration from both the scholarly universe and the concern. We to boot proposed the replies for fix the security defects. At the terminal of the twenty-four hours, our results highlight the essentiality of extended security theoretical accounts and formal security probe on the lineation of war cry validated cardinal assention conventions using superb card s. Mentions 1 ] K-K. R. Choo, C. Boyd, and Y. Hitchcock, â€Å" The criticality of verifications of security for cardinal foundation conventions: Formal scrutiny of Jan-Chen, Yang-Shen-Shieh, Kim-Huh-Hwang-Lee, Lin-Sun-Hwang, and Yeh-Sun conventions, † Comput. Commun. , vol. 29, no. 15, pp. 2788-2797, 2006. [ 2 ] H. Chien, J. Jan, and Y. Tseng, â€Å" A productive and functional reply for distant verification: Smart card, † Comput. Secur. , vol. 21, no. 4, pp. 372-375, Aug. 2002. [ 3 ] T.F. Cheng, J.S. Lee, and C.C. Chang, â€Å" Security ascent of an IC-card-based remote login instrument, † Comput.Netw. , vol. 51, no. 9, pp. 2280-2287, Jun. 2007. [ 4 ] C.-I Fan, Y.-C Chan, and Z.-K Zhang, â€Å" Powerful distant verification program with astute cards † . Comput.Secur. , vol. 24, no. 8, pp. 619-628, Nov. 2005. [ 5 ] J. Hu, D. Gingrich, and A. Sentosa, â€Å" A k-closest neighbour attack for client verification through biometric keystroke flow † , IEEE ICC Conference, pp. 1556-1560, Beijing, China, May 2008. [ 6 ] C.L. Hsu, â€Å" Security of Chien et Al ‘s. remote client verification program using savvy cards † , Comput. Stand. Entomb. , vol. 26, no. 3, pp. 167C169, May 2004. [ 7 ] X. Huang, Y. Xiang, A. Chonka, J. Zhou and R.H. Deng, â€Å" A Generic Framework for Three-Factor Authentication: Preserving Security and Privacy in Distributed Systems † , IEEE Trans. Parallel Distrib. Syst, vol. 22, no. 8, pp.1390-1397, Aug. 2011. [ 8 ] W. S. Juang, S. T. Chen, and H. T. Liaw, â€Å" Hearty and proficient secret key validated cardinal assention using astute cards, † IEEE Trans. Ind. Electron. , vol. 55, no. 6, pp. 2551-2556, Jun. 2008. [ 9 ] W. C. Ku and S. M. Chen, â€Å" Defects and ascents of a proficient secret key based distant client proof program using astute cards, † IEEE Trans. Consum.Electron. , vol. 50, no. 1, pp. 204-207, Feb. 2004. [ 10 ] P. C. Kocher, J. Jaffe, and B. Jun, â€Å" Differential force scrutiny, † in Proc. Progresss in Cryptology-CRYPTO'99, M. J. Wiener, Ed, 1999, LNCS, vol. 1666, pp. 388-397.

Strategic Planning Process

Strategic Planning – Week 1 Keyla (Bolin, Niu) Keiser University MKT531 Marketing Management Dr. Jeff Ritter 03/09/13 Strategic Planning Process Strategic planning is refers to the development of the organization’s long- term goals and put forward into practice (Peter, 2013).Strategic planning system is the strategy, objectives, environmental factors, it is a process about the internal conditions and various elements integration and used to guide the rational allocation of limited resources enterprise for a certain period of time, in order to reach the goal of the management activities Some big enterprise have particular plan for next fifth years. Strategic planning can be separate to three steps, the first step is to determine the objective goals, during the enterprise development, it should be meet all kinds of challenges that successful achieve the goal.The second step is to formulate the planning, after manger determine the goal, manager should consider what measure s can be successfully to process the project, this is what I understannd about strategic planning. According to the requirements of the strategic planning, the characteristic about strategic planning can be summarizing by these points (Aldehayyat, & Twaissi, 2011): 1. Strategic planning system set broke through the traditional thinking mode which is not planning at present project, but the goals are for enterprise future direction of planning and financial.It pays much more attention to how to adjust business environment and innovation. 2. The settings of strategic planning are often led by very few top management leader directly control. It doesn’t like short-term business plan by a wide range of many people to participate in. 3. The strategic planning system is focus on the changing the external environment and innovation about enterprise, it involved the possibility of market opportunity which is hard to control and requires the enterprise have random and rapid response. 4 .The strategic planning plan can be set with external environment, business industry structure, customer and competitor’s information; however, the enterprise manager can understand the company’s internal standards through this process. 5. Strategic planning is a big change plan which is enough to change the enterprise future direction. It is combined with the strategic business goals and strategic key points that will make the enterprise get comprehensive change. The famous managerialist Drucker thinks that the enterprise of top managers’ first priority is to formulate and implement strategy.Through the company's mission, he thought, to reflect on the basic task of the management, is to put forward such a question: our company is what kind of business? It should reach to what kind of business? To this end, enterprises should develop their strategic target, strategic and plan, make decisions for the future. Clearly, this is actually the strategic planning proces s. From western developed countries the large enterprise, the management strategy is the framework of the strategic plan system.Is not normative system, of course, also can produce excellent strategy? But, regardless of the manner, the formulation of strategic planning system is intertwined in the processes for management activities, and the strategic management plays an important guiding role. It makes enterprises at all levels of staff have been involved in the process. I. e. , the enterprise employees should participate in the formulation or implementation of the strategic planning system, it's just them to participate in different degree of prevention is.Each employee in the enterprise bear the plan the worker roles at the same time, also has the characters such as organizer and commander. In this sense, the enterprise strategic planning system plays a sustained and coordinated the important role of strategic management and daily business activities, also prompted enterprise emp loyees to form a strong cohesion and a sense of belonging (Robinson, & Pearce, 1988). The effective decision system of corporate strategic planning must start with a strong organization.Enterprises in determining the strategic planning system, the corresponding processes must be designed so that the audit in the enterprise between various departments, as well as the correlation between their activities and planning, influence each other and mutual dependence. Generally speaking, due to the historical development of each enterprise, decision-making habits, thinking mode of different leaders, led to its approach in formulating strategic planning system is also ifferent. The strategic planning system of the scientific program should be determined based on the each company’s actual situation. Enterprise brand, family brand (brand) category and product brand constitute the brand level, different levels of brand both relate to each other, and influence each other (Kraus, & Schwarz, 2006). For example General motors, the enterprise brand, Chevrolet is general motors' family brand (brand) category, and sail (sail) is the product brand.Gm gives customers the brand association is a U. S. auto giant, a global fortune 500 companies, has a good reputation, and so on; The Chevrolet brand is one of the largest brands, gm's global sales volume since introduced the first product in 1912, total sales has more than 100 million vehicles, market coverage to 70 countries, has a record of sales of a new car every 40 seconds. Chevrolet 2004 global sales of more than 3. million units, in the global sales of every 16 a new car is a Chevrolet, Chevrolet brand to the customer's brand association is a reliable, pragmatic, intelligent and friendly, full of vitality; And sail (sail) brand, convey the differentiation characteristics of the product. The three levels of brand together, can put enough brand messages to customers, and make customer to sail (sail) this has just set up soon products produce good brand association and brand identity. References Robinson, R. B. ; Pearce, j. A. (1988). Planned Patterns of Strategic Behavior and Their Relationship to Busi- ness-Unit Performance.Strategic Management Journal, 9, 43-60. Peter, J. , ; Donnelly, J. (2013). Marketing Management Knowledge and Skills. New York, NY: McGraw-Hill. Aldehayyat, j. S. ; Twaissi, N. (2011). Strategic Planning and Corporate Performance Relationship in Small Business Firms: Evidence from a Middle East Country Context. International Journal of Business and Management, 6 (8), 255-263. Kraus, S. , Harms, R. , ; Schwarz, E. j. (2006). Strategic Planning in Smaller Enterprises: New Empirical Findings. Management Research News, 29 (6), 334-344.

feudal traditon essays

feudal traditon essays America had skip the feudal stage, she never had a feudal system. Unlike the European countries, struggle many centries with the old feudal system. Many European countries had to had revolutions to overturn the old feudal system. Louis Hartz pointed out that liberalism seemed natural to America. The lack of a feudal tradition in United States affected American life in many ways. The system of feudalism was developed gradually between the eighth and eleventh centuries. In the early feudal stage, when a freeman gave up his title to his land he became the lord's "man" and promised him his loyalty. Officially the serfs were "unfree". However, they were not the property of other people, like slaves. Serfs were bound to the land and not to any particular lord who held it in fief. They could not leave the place where they were born, but neither could the lord send them away. It was an obligation between the lords and serfs. In the beginning of America, those men who settled in the new world were the men who fled from the feudal system in Europe. United States was created without any revolutions and without any kings. Liberalism was so natural to American. Without feudalism, American believed they could do whatever occupations if they wanted. They didn't had to follow the same occupations passed by generations and generations, like the feudalism. American also believed they had to be independent, and they had take care themselves. They had to worried about their own livings. In feudal system, the serfs were taken care by their lords. The lords had to provided the housing, food, clothing...to their serfs. Also, without feudalism American could believed in whatever religions they wanted. In feudal system, people only could believed in one religion. Enrico Augell and Craig Murphy pointed out, denominational religion, liberalism and a faith in science were the "common sense" to American. Without any revolutions in...

Mosasaurus Facts and Figures

Mosasaurus Facts and Figures The name Mosasaurus (pronounced MOE-zah-SORE-usis) is partly derived from the Latin word Mosa (the Meuse River), and the second half of the name comes from the word Sauros, which is Greek for lizard. This ocean-dwelling creature is from the late Cretaceous period (70 to 65 million years ago). Its distinguishing characteristics included a blunt, alligator-like head, fin on the end of its tail, and a hydrodynamic build. It was large- up to 50 feet long and weighing 15 tons- and subsisted on a diet of fish, squid, and shellfish. About Mosasaurus The remains of Mosasaurus were discovered well before educated society knew anything about evolution, dinosaurs, or marine reptiles- in a mine in Holland in the late 18th century (hence this creatures name,  in honor of  the nearby Meuse River). Importantly, the unearthing of these fossils led early naturalists like Georges Cuvier to speculate, for the first time, about the possibility of species going extinct, which flew in the face of accepted religious dogma of the time. (Until the late Enlightenment, most educated people believed that God created all the worlds animals in Biblical times and that the exact same animals existed 5,000 years ago as do today. Did we mention that they also had no conception of deep geologic time?) These fossils were variously interpreted as belonging to fish, whales, and even crocodiles; the closest guess (by the Dutch naturalist Adriaan Camper) was that they were giant monitor lizards. It was Georges Cuvier who established that the fearsome Mosasaurus was a giant member of the family of marine reptiles known as mosasaurs, which were characterized by their large heads, powerful jaws, streamlined bodies, and  hydrodynamic  front and rear flippers. Mosasaurs were only distantly related to the pliosaurs and plesiosaurs (sea serpents) that preceded them (and which they largely supplanted from the dominance of the worlds oceans during the late Cretaceous period). Today, evolutionary biologists believe they were most closely related to modern-day snakes and monitor lizards. The mosasaurs themselves went extinct 65 million years ago, along with their dinosaur and pterosaur cousins, by which time they may already have been succumbing to competition from better-adapted sharks. As with many animals that have lent their names to entire families, we know comparatively less about Mosasaurus than we do about better-attested mosasaurs like Plotosaurus and Tylosaurus.  The early confusion about this marine reptile is reflected in the various genera to which it was assigned in the course of the 19th century, including (take a deep breath) Batrachiosaurus, Batrachotherium, Drepanodon, Lesticodus, Baseodon, Nectoportheus, and Pterycollosaurus. There have also been close to 20 named species of Mosasaurus, which gradually fell by the wayside as their fossil specimens were assigned to other mosasaur genera; today, all that remain are the type species, M. hoffmanni, and four others. By the way, that shark-swallowing Mosasaurus in the movie Jurassic World may  seem impressive (both to people in the fictional park and people in the real-life movie-theater audience), but its completely out of scale: A real, 15-ton Mosasaurus would have been an order of magnitude smaller and much less impressive than its cinematic depiction- and  almost certainly  incapable of dragging a gigantic Indominus rex into the water.

Cave Hyena Facts and Figures

Cave Hyena Facts and Figures Name: Cave Hyena; also known as Crocuta crocuta spelaea Habitat: Plains of Eurasia Historical Period: Pleistocene-Modern (2 million-10,000 years ago) Size and Weight: About five feet long and 200-250 pounds Diet: Meat Distinguishing Characteristics: Long hind legs; strong jaws with sharp teeth About the Cave Hyena (Crocuta crocuta spelaea) Its not quite as well known as the Cave Bear or the Cave Lion, but the Cave Hyena (Crocuta crocuta spelaea) must have been a common sight in Pleistocene Europe and Asia, to judge by this megafauna mammals numerous fossil remains. As you can guess from its name, this hyena liked to drag its kill (or, more often, the kill of other predators) back to its den, for which purpose it was equipped with longer, more muscular hind legs than contemporary hyenas (of which the Cave Hyena is now classified as a subspecies, rather than a separate species as had previously been thought). One network of caves in Europe has yielded tantalizing evidence about the Cave Hyenas favorite prey animals, with Przewalskis Horse and the Woolly Rhino ranking high up on the dinner menu. Like most opportunistic predators of the Pleistocene epoch, Cave Hyenas occasionally preyed on early humans and hominids, and they werent shy about stealing the hard-earned kill of packs of Neanderthals (which might well doom them to starvation). Where Crocuta crocuta spelaea and the ancestors of modern humans really mixed it up was in the competition for habitable space: paleontologists have identified caves that bear evidence of alternating populations of Cave Hyenas and Neanderthals, a pattern that evidently repeated itself over thousands of years. In fact, the Cave Hyena may have been doomed by the encroachment of early humans on its rapidly dwindling caves, which grew even scarcer after the last Ice Age, about 12,000 years ago. Like many other animals with which our ancestors shared their hard-won territory, the Cave Hyena has been immortalized in primitive cave paintings. One cartoon-like representation can be found in the Chauvet Cave in France, dating to about 20,000 years ago, and a small sculpture (carved from the ivory of a Woolly Mammoth!) was created a few thousand years after that. Its likely that both early humans and Neanderthals memorialized the Cave Hyena as a kind of demigod, and also painted it on the walls of their caves in order to capture its essence and facilitate success in the hunt. (Its unlikely that early Homo sapiens targeted the Cave Hyena for its stringy meat, but its pelt would have been valuable in winter, and anyway it was a good idea to eliminate the competition!).

One page background of the company Novartis ( include all the details Assignment

One page background of the company Novartis ( include all the details ) - Assignment Example its creation, Novartis as well as its parent companies have created and introduced a range of innovative medicines and products for consumers in general and patients in particular all over the world. The global headquarters of Novartis are located in Basel, Switzerland and the number of countries this company operates in is 140 (â€Å"About Novartis†). The businesses of Novartis are categorized into six different divisions of operation, namely Alcon, Pharmaceuticals, Sandoz, Corporate, Consumer, and Vaccines and Diagnostics. Alcon is for eye care whereas Sandoz is for generics. Consumer has two further divisions, namely Animal Health and Over-the-Counter. Novartis functions directly as well as through a number of subsidiaries in different countries across the globe, all of which lie in one of its divisions which are categorized by Novartis as fulfilling at least one of these functions; sales, holding or finance, research, and production. The mission of Novartis is cure and care. The company’s goal is to discover, formulate and introduce innovative products in the market successfully so that diseases can be prevented and cured, suffering of humanity can be eased, and the quality of life can be enhanced. In addition to that, Novartis also offers a shareholder return which shows wonderful performance and benefits the shareholders. Novartis also prepares drugs for the health and safety of animals, including pets as well as farming animals. â€Å"For pets, our products are effective aids to prevent internal and external parasites and treat ailments such as arthritic pain and kidney, heart and allergic diseases† (â€Å"Novartis Animal Health†). An in-depth analysis of the way Novartis sorts out data reveals the fact that the survival and success of Novartis can partly be attributed to the intelligent way in which the company sorts out data. The Health, Labor and Welfare Ministry lodged a complaint against Novartis Pharma K.K. complaining that the company’s

Industry Analysis Essay Example | Topics and Well Written Essays - 1250 words

Industry Analysis - Essay Example rs behind the recovery of the global economy, which had been adversely affected by the recent financial crisis and its financial shocks for the past five years (Pendrill 4). Currently, the industry is worth USD 800 billion, and market analysts predict that the global market for vehicles, particularly that of cars and light vehicles will increase from the current 80 million units bought annually, to reach more than 100 million by 2020 (Pendrill 4). Market analysts are forecasting that that the larger portion of the market expansion will come from emerging economies, including India and China among others. According to the statistics provided by the World Bank, car ownership in these markets stands at 58 cars per 1000 people in China and 18 for India; these figures are not comparable to those of European countries, where the average ratio is more than 500 cars per 1000 people. The high car ownership ration shows that European markets are saturated, therefore will not be the major drivers of market growth for the industry (Pendrill 4). In the recent past, the leadership of the automotive industry has featured three dominant players, including Toyota Motors, General Motors and Volkswagen AG. As of April 2013, these three giant players competed against one another, with the target of taking the top place (Muller 1). The race remained tight between the three main players, in the areas of production output and that of sales levels. During the year 2012/13, Toyota made sales of 9.7 million cars and trucks, which gave it a better standing, as compared to General Motors. General Motors, during the same year, sold 9.29 million cars and trucks and Volkswagen sold the least number of units out of the three companies; Volkswagen sold 9.1 million vehicles. However, from a comparison of the revenue levels, the profits made and the value of assets, Volkswagen was the unchallenged winner; VW made higher figures, when compared to the two other main competitors: Toyota Motors and GM

Macroeconomics Research Paper Example | Topics and Well Written Essays - 1500 words

Macroeconomics - Research Paper Example This in turn influences the supply of money in the market. b) TRUE: Increased competition in the product market could cause an increase in the equilibrium rate of unemployment. When there is increased competition, firms sell products. The reduction in selling prices forces firms to reduce their production cost through reduction of their labour requirements. Therefore increases level of unemployment. c) TRUE: Fiscal policy includes taxation and government expenditure. Investment is function of saving. Government can induce public spending through public investment. If the government investment is a constant figure, then the only option is to manipulate tax. In this situation the tax increase or decrease can only increase the government expenditure which is exogenous. Thus no effect on national saving. IS curve-It combines the equilibrium levels where the commodity market is at equilibrium. If interest rates go pup, then the gross domestic product (GDP) goes down. If interest rates go down, the level of GDP goes up .. Investment is function of saving. Government can induce public spending through public investment. If the government investment is a constant figure, then the only option is to manipulate tax. In this situation the tax increase or decrease can only increase the government expenditure which is exogenous. Thus no effect on national saving. I=f(s) Where I; investment and S is national saving. d) TRUE: Multiplier effect is the effect of a change in investment on income 'Y'. It was true that if consumption and investment are exogenous the Keynesian multiplier equals one Question three If there is an increase in deposits of bank reserves will lead to less money supply. IS curve-It combines the equilibrium levels where the commodity market is at equilibrium. If interest rates go pup, then the gross domestic product (GDP) goes down. If interest rates go down, the level of GDP goes up LM curve- it joins together combinations of the rate of interest and national income at which the monetary sector is at equilibrium. IS curve - Joins the combinations of rate of interest and levels of income at which the product market is at equilibrium. Factors that cause a shift in LM curve are a) Change in transaction demand for money b) Change in the speculative demand for money c) Change in the money supply An increase in money supply will shift the LM curve to the right. A decrease shifts the LM curve to the left. In our case where there is a decrease in money supply, we expect the LM curve shift to the left. In the short run Effects of decreased money supply. From the above graph, it is evident that the rate of interest goes up from ie to i1. The level of output also goes down from Ye to Yi. The inflation level also goes up due to an increase

Complete Document Needs Review Form and Edit Draft Proposal Assignment

Complete Document Needs Review Form and Edit Draft Proposal - Assignment Example The committee is expected to meet at least four times in the remaining calendar year. The committee shall decide whether the newsletter will be a public relations tool or the employees’ information tool. Therefore, the committee’s worked is pegged on the approval of both the Director of Human Resources and the Chief Executive Officer of Compare Services, Inc.; additionally, before the committee decides on whether the newsletter should be a public relations device or an employee information tool, it will sought the same approval. Office space will be provided by using the space allocated to the Human Relations employee tasked with arranging and coordinating production of the newsletter. This person will get $3400 over and above their current salary. Notably, this budget is subject to recalculated if the committee decides that the newsletter should be distributed to customers as a public relations vehicle instead of just to be an employee

Research Essay on TV shows Example | Topics and Well Written Essays - 2000 words - 1

Research on TV shows - Essay Example During 1999-2000, reality shows such as Big Brother and Survivor were a boom in the silver screen. Watching real people competing with each other or struggling against a personal battle can be great entertainment as well as inspire and motivate viewers. Makeover programs are a significant sub category of reality television where home, garden, behaviour, appearance, wardrobes are drastically transformed to meet certain standards. There is a wide range of makeover programs such as Swan, Queer eye for the straight guy, How to look good naked, Amazing Race, etc. that project peoples personal struggles with relationships, career, sports, fear, weight and physical appearance. Similarly, home improvement makeover programs such as BBC’s Divine Designs or ABC’s most popular Extreme makeover: home edition are some of the most popular programs highlighting home improvement struggles. TV ratings have proved that people love watching makeovers or transformations undergo in the matter of an hour (reality-TV. find the best). To viewers at home anything seems possible when they watch ordinary people achieve their goals. On the flip side, beauty makeover programs have also created a culture where beauty is seen as a commodity ,that ca n be bought and sold, and that a perfect physical appearance is important for self-confidence, happiness and sense of belonging. This paper will delve into two of the most important makeover shows in the history of television – ABC’s Extreme Makeover and Extreme Makeover: Home Edition. Differences and similarities based on identity, appearance and transformation will be discussed in details. ABC’s Extreme Makeover series, first started airing in November of 2002, offers both female and male contestants a complete physical transformation that centers on thousands of dollars’ worth of cosmetic surgery. (Davis,

SCENARIO BASED PROJECT REPORT Essay Example | Topics and Well Written Essays - 2500 words

SCENARIO BASED PROJECT REPORT - Essay Example (ISO 9001) XYZ is one of the leading professional education management system in UK that offer management courses to the executives. Many of its courses are intended for regular day stream members. And the organization has proved its quality and capability through its growing number of professionals coming out of the college on each year. The growing demand for professional skills in every employment, many jobholders are looking to enhance their skills by way of taking up the relevant management courses on part time basis, while continuing their jobs. The quality of the courses offered through the organization has become so popular to get a demand from the remote students to get the online courses. This made the management of the XYZ organization to think about the risks in opening about the online courses, as the management is so particular about he quality and in no way they re willing to loose their reputation. The management wants to adopt a risk less change management where the quality of the services to enhance the value for the entire chain operations. Hence the XYZ education System has identified the ABC business consultancy to do business analysis before venturing into new online system, particularly with risk elimination & continuous quality process. And ABC consultancy has started its Process analysis by adopting the KRAJEWSKI model: Accor According to Total Quality Engineering (1997), strategy deployment means the management and control of the company's direction focus. It helps develop the business policy and plan, providing the focus for carrying the strategy forward into the management of the individual function and section. A process involves the use of an organization's resources to provide something of value, (KRAJEWSKI, p121). The application of a system of processes within an organization, together with the identification and interactions of these processes and their management, can be referred to as the "Process approach". The optimum utilization of these resources in the process results in the efficiency of the process or the quality of the process. . ABC Consultancy has adopted a process analysis approach of XYZ organization and identified several factors that has impact on operations of the education management of XYZ like- Operation levels; global competition; rapid technological changes, ethical, workforce diversity, and environmental issues. In this section, we look at these trends and their challenges for operations managers. (KRAJEWSKI, p12). The consultancy took the concern of operations managers like COO, Operations Executive managers and Branch operations managers etc., Many different choices are made in a selecting human resources, equipment, outsourced services, materials, work flows, and methods that transform inputs

Research Essay on TV shows Example | Topics and Well Written Essays - 2000 words - 1

Research on TV shows - Essay Example During 1999-2000, reality shows such as Big Brother and Survivor were a boom in the silver screen. Watching real people competing with each other or struggling against a personal battle can be great entertainment as well as inspire and motivate viewers. Makeover programs are a significant sub category of reality television where home, garden, behaviour, appearance, wardrobes are drastically transformed to meet certain standards. There is a wide range of makeover programs such as Swan, Queer eye for the straight guy, How to look good naked, Amazing Race, etc. that project peoples personal struggles with relationships, career, sports, fear, weight and physical appearance. Similarly, home improvement makeover programs such as BBC’s Divine Designs or ABC’s most popular Extreme makeover: home edition are some of the most popular programs highlighting home improvement struggles. TV ratings have proved that people love watching makeovers or transformations undergo in the matter of an hour (reality-TV. find the best). To viewers at home anything seems possible when they watch ordinary people achieve their goals. On the flip side, beauty makeover programs have also created a culture where beauty is seen as a commodity ,that ca n be bought and sold, and that a perfect physical appearance is important for self-confidence, happiness and sense of belonging. This paper will delve into two of the most important makeover shows in the history of television – ABC’s Extreme Makeover and Extreme Makeover: Home Edition. Differences and similarities based on identity, appearance and transformation will be discussed in details. ABC’s Extreme Makeover series, first started airing in November of 2002, offers both female and male contestants a complete physical transformation that centers on thousands of dollars’ worth of cosmetic surgery. (Davis,

Financial Market Essay Example | Topics and Well Written Essays - 500 words

Financial Market - Essay Example The value of the Euro to the dollar has shown the success in gaining value over the US dollar. In January 2009 the exchange rate was 1Euro/USD 1.3866, in January 2010; the rate changed to 1Euro/USD 1.4389. This upward trend shows that the Euro is getting stronger in the forex market as compared to the US dollar. In 2012, the value of exchange dropped to 1Euro/USD 1.2458. Despite this drop, the value of the Euro is still higher than that of the US dollar. The Japanese Yen is the domestic currency used in Japan. The Yen has developed a relative stability and its recent reputation has led to investors opting to use this currency as a secure investment for the dollar. In 2001 the exchange rate was 1$/Yen 121.2, in the year 2005, the Japanese Yen gained against the US dollar in the forex market where the exchange was 1$/Yen110.2. The trend continued where the Yen continued gaining against the US dollar. Even though today’s exchange rate for the Yen to the dollar is still high at 1$/Yen79.8 the Yen has shown its success by increasing its value and minimizing the spread (Euromonitor International). The Canadian dollar is also gaining popularity among the investors across various parts of the world. As part of its success, its increasing use in the forex markets has shown that investors have recognized its stability. This currency has a remarkable use in transactions and enjoys over 4% of all transactions in the foreign exchange market daily. This is remarkable success in the forex market for this currency. For instance, the exchange rate for the Canadian dollar in 2001 was 1$/CAD1.5 while in 2005, the exchange rate changed to 1USD/CAD1.2; while in 2012, the exchange rate is 1USD/CAD1.0. This shows that the Canadian dollar gained strength against the US dollar to exchange thus it can be termed as a success to the Canadian dollar at the expense of the US dollar. The Swedish dollar is the Sweden’s currency. Its transactional use is above

Analysis of Major Characters in Great Expectations Essay Example for Free

Analysis of Major Characters in Great Expectations Essay Pip is the main character of this story. The whole plot of the novel revolves around him and his metamorphosis into an adult from an immature adolescent.  1. Immature: pip was highly immature. This characteristic in him can be clearly seen in pg 59 where he says but when she was gone, I looked about me for a place to hide my face in and got behind one of the gates in the brewery lane and leaned my sleeve angst the wall there, and leaned my forehead on it and cried. As I cried, I kicked the wall and took a hard twist at my hair; so bitter were my feelings so sharp were the smart without a name that needed counteraction. Pip cries so much, suddenly begins to have such a low self esteem, why? Just because a girl came and commented that he had coarse hands, wore thick boots and called the knaves Jack. Instead of standing up for himself, pip simply cries. This goes to show how immature pip was.  Pips immaturity is also seen in his romantic idealism. Ever since his first meeting with beautiful Estella, he always thought of her in page 101 he says, often after dark, when I was pulling the bellows for Joe, and we were singing Old Clem, and the thought how we used to sing at Miss Haveshams would seem to show me Estellas face in the fire, with her pretty hair fluttering in the wind and her face scorning at me. Often at such a time I would look towards those panels of black night in the wall which the wooden windows then were, and would fancy that I saw her drawing her face away and would believe that she had come at last. In spite of Estella being so insulting he instantly falls for her, rather for her loo ks. This again shows the immaturity in pip. 2. Generous and sympathetic: pip was generous and sympathetic, a fact that can be seen in his numerous acts of kindness throughout the novel. In page ___ he sympathizes with Magwitch and helps him escape. A small boy going out of his way to help a wretched convict! This goes to show how sympathetic pip was.  Not just sympathetic, pip was large at heart. He was generous. This can be witnessed in page _____ where he secretly buys Herberts way into business. The third example to show that pip was generous is in page 137where he says, as I passed the church I felt a sublime compassion for the poor creatures who were destined to go there, Sunday after Sunday, all their lives thru and to lie obscurely at last among the low green mounds. I promised myself that I would do something for them one of these days and formed a plan in outline for bestowing a dinner of roast beef and plum pudding, a pint of ale and a gallon of condescension upon everybody in the village. 3. Had a great desire for self-improvement: pip always wanted to better himself, better his condition and better his status. This trait in him can be witnessed in page 66 where he tells Joe, and that there had been a beautiful young lady at miss Haveshams who was dreadfully proud and that she had said I was common, and that I wished I was not common, and that the lies had come of it somehow, though I didnt know how. Moreover his deep desire to improve in life, to be Uncommon is also seen in page 68 where he goes to one of his relatives, Biddy to get educated from her. He says, when I woke up the best step I could take towards making myself uncommon was to get out of Biddy everything she knew.  In page 164 he asks Herbert to correct his mannerisms if he found them un-gentlemanly. He says, I further mentioned that as I had been brought up a blacksmith in a country place, and knew very little of the ways of politeness, I would take it is a great kindness in him i.e. Herbert if he would give me a hint when ever he saw me going at a loss or going wrong.

God Is The Wonderful Creator Theology Religion Essay

God Is The Wonderful Creator Theology Religion Essay God is the wonderful creator of the universe. He is all-knowing and all-seeing. Nothing escapes His notice. God is a special and intimate god who cares for and loves every single speck of creation He has created. God is the ruler of everything. He has complete and total authority over the universe. He has always existed and always will, and is so wonderful that He is best described by the word indescribable. God is good and God is just. He is holy and awe-inspiring. God is unmatched in His glory, supreme above everything. God is infinite, being all places and seeing and knowing all things at once. God is the trinity, existing in wholly and completely in three separate beings (Father, Son, and Holy Spirit) while still existing entirely as One. God is perfect. And most importantly, God is loving. He loves us and all of creation more than we can possibly know or even imagine. He loves us so much that He sent His holy and perfect Son to Earth to die on the cross so that our terrible and horrific sins could be forgiven. God is so many wonderful things that it is hard to even begin to scratch the surface of describing who God is. What is nature? Nature is the beautiful creation of God. It was created in the beginning by God out of nothing. Before God created the universe, nothing existed except Him. It was created intentionally, not randomly. God created the universe with a plan and a purpose. God created the world to be good. However, because of the Fall, it is ultimately bad. Although it displays and declares the glory of God, natures ultimate wickedness can also display how evil and corrupt the world is and how much we need His saving grace. God created nature and created man to have power over nature. God gave us this world to take care of and use wisely. God cares about creation and made it beautiful not just for the human inhabitants, but also for Himself. He loves the world He made and hates that it is corrupted by sin. What is man? Man was created in the image and likeness of God as the pinnacle of His creation. In this, each human possesses a distinct disposition, intellect, creativity, and choice and free will in all capacities. We can choose whether we follow God and accept Him as our Lord and Savior. We have the ability to choose in every other aspect of life as well. Ultimately, we can choose to follow Gods will, or ignore it and do our own thing. God leaves the choice up to us. However, we are fallen and sinful. But we are also loved-loved so much that God sent His Son to die for our sins. In this, we have the responsibility to serve God. Being Gods servant means doing good works in His name, preaching the Gospel, and bringing others to Him. And most importantly, we are to love God in return. What happens at death? When we die, we leave this world and go to Heaven, to be in the presence of God forever. Heaven is the most glorious and wonderful place ever. It is so incredible that it is impossible to even begin to imagine how wonderful it is. In Heaven, Jesus has prepared a special place for each and every one of us and is anxiously awaiting the day that we come to be with Him. If we choose not to accept God and live in sin, rejecting all He has done for us, we spend eternity in Hell. Ultimately the choice is simple: choose God, admit that you are sinner and need Him and accept Him as your Lord and Savior and spend eternity with Him in paradise, or reject Him and spend eternity in Hell. What is the basis of human knowledge? Ultimately, God is the basis of human knowledge. God has revealed knowledge to humans since the very beginning, through both general and specific revelation about Himself, and other things as well. Knowledge about God is the most valuable kind of knowledge because human knowledge is ultimately corrupted because of the Fall. God has infinite knowledge, and even when He chooses to reveal something to us it can become corrupted by sin. Human knowledge is also very limited. In reality, we know practically nothing. But what we do know comes from God, who allows us to know and discover things. God is the ultimate source of knowledge, both human and divine, and we should look to him and seek knowledge from Him. What is the basis of ethics? God is also ultimately the basis of ethics. We can learn about what is acceptable through the laws in the Bible that were set by God. In addition to this, every human being has a built-in sort of moral compass that guides us in knowing what is good and what is bad. However, we have to listen to this guide and not ignore it in order to be moral. All of these guides of morality and ethics are found in who God is and in His goodness, holiness, justness, and love. Ultimately, God is the measure of morality. I think the best thing to do when faced with a challenging moral decision, is to ask ourselves, Would what I am doing please God? And if we find ourselves answering no to this, then we should not do it anymore. It is, in some ways, a What would Jesus do? kind of question. In asking this clichà © but still important question, we can analyze if our actions are a reflection of Christ and pleasing to God. And in this, morality and ethics can be found. What is the meaning of human history? Human history is the evidence of Gods role in the world. From the very beginning, God has had plan and this is often evident in the study of human history. Everything is a part of Gods plan, and no matter what happens, God can make good happen from it. God has a specific purpose and goal for us and has things happen to us to get us to the place He wants us to be. Thing happen so that God can teach us a lesson and so that we can learn something about Him. Ultimately, human history shows us how God has taught us things in the past. We have to take what has happened in the past and learn from it, not only from our own past, but from the history of human existence as well. We can always learn something by studying history. History does not happen over and over again in a circle, but rather is unique and has an end and purpose. However, I think that some things in history can repeat if we forget the lessons God has taught us in the past. If we do not study history and learn of past events and what God taught His people through them, then He will have to reteach us the lesson, which can occur in very similar events. Ultimately history is a demonstration of Gods plan being carried out in this world.

Karl Poppers Falsifiability Essay -- Scientific Method Science

Karl Popper's Falsifiability Sir Karl Popper's lecture was very thought provoking concerning "where to draw the line." Unlike most people, the validity of the theory was not his concern as much as how that validity is determined. This is an issue that really does not get the attention that it deserves. Popper's claims concerning, "When should a theory be ranked as scientific?" and "Is there a criterion for the scientific character or status of a theory?" seems to be put together in the following summary. At first Popper seems to just be criticizing the integrity of some sciences and/or scientists who nebulously back their vague and general theories with references to observations that may be inconclusive or scanty which they presumably call "scientific method." He cites Freud and Adler's psychological theories, as well as the socio-economic or historical theory or Karl Marx as theories in which "Whatever happens always confirms it." The overarching or oversimplification of these theories which seem to many to be a strength, for Popper was actually a weakness. With theories such as these anything could be interpreted into them (or the theory could be interpreted into the evidece). Thus, Popper came to the conclusion that unless a theory can be proven wrong, it cannot be labeled as scientific. He also claimed that risky predictions should be made and be testable. Also, confirming evidence should not count unless it is an attempt to falsify the theory. Now, Popper's concern the problem of the "logic of science" or the "logical problem of induction." Popper sees induction as having the same basic problem as the overgeneralization principle of the psychological, historic theories, ect. He regards no actual rule of induction ... ...et who is to determine the evidence and theory to determine whether it is ad hoc? More importantly, when interpreting this, no matter who does it, how will you get past induction when interpreting the theory and/or evidence? I seem to hop off the boat when Popper completely throws out induction. Induction may be used loosely, but Popper even quotes Born in saying "valid induction" putting it in the realm of logic (p. 25). I could understand being skeptical of personal inferences, but valid induction seems crucial. This happens to bring up another point. It is the "conjectures: to jump to conclusions--often after one single observation" that he cites as the way science is done (p. 25). Is this not diametrical opposed to his main point that we must be more stringent and not allow people with personal conjectures (like Freud or Marx) to call what they did science? Karl Popper's Falsifiability Essay -- Scientific Method Science Karl Popper's Falsifiability Sir Karl Popper's lecture was very thought provoking concerning "where to draw the line." Unlike most people, the validity of the theory was not his concern as much as how that validity is determined. This is an issue that really does not get the attention that it deserves. Popper's claims concerning, "When should a theory be ranked as scientific?" and "Is there a criterion for the scientific character or status of a theory?" seems to be put together in the following summary. At first Popper seems to just be criticizing the integrity of some sciences and/or scientists who nebulously back their vague and general theories with references to observations that may be inconclusive or scanty which they presumably call "scientific method." He cites Freud and Adler's psychological theories, as well as the socio-economic or historical theory or Karl Marx as theories in which "Whatever happens always confirms it." The overarching or oversimplification of these theories which seem to many to be a strength, for Popper was actually a weakness. With theories such as these anything could be interpreted into them (or the theory could be interpreted into the evidece). Thus, Popper came to the conclusion that unless a theory can be proven wrong, it cannot be labeled as scientific. He also claimed that risky predictions should be made and be testable. Also, confirming evidence should not count unless it is an attempt to falsify the theory. Now, Popper's concern the problem of the "logic of science" or the "logical problem of induction." Popper sees induction as having the same basic problem as the overgeneralization principle of the psychological, historic theories, ect. He regards no actual rule of induction ... ...et who is to determine the evidence and theory to determine whether it is ad hoc? More importantly, when interpreting this, no matter who does it, how will you get past induction when interpreting the theory and/or evidence? I seem to hop off the boat when Popper completely throws out induction. Induction may be used loosely, but Popper even quotes Born in saying "valid induction" putting it in the realm of logic (p. 25). I could understand being skeptical of personal inferences, but valid induction seems crucial. This happens to bring up another point. It is the "conjectures: to jump to conclusions--often after one single observation" that he cites as the way science is done (p. 25). Is this not diametrical opposed to his main point that we must be more stringent and not allow people with personal conjectures (like Freud or Marx) to call what they did science?

Julius Nyerere & African Socialism Essay

Socialism as quoted by Julius Nyerere as â€Å"the attitude of the mind† and often defined as a system of social organizations producing and distributing goods that are owned collectively or by a centralized government that often plans and controls the economy. In a socialistic society it is the attitude of mind, and not the rigid adherence to a standard political pattern, which is needed to ensure that the people care for each other’s welfare. In order to understand African socialism better we need to clearly understand how a society operates. In a socialist society the means of production are owned by the workers rather than by a rich minority of capitalists or functionaries. Such a system of ownership is both collective and individual in nature. Socialism will not be a utopia simply created in people’s minds. It will be the product of economic and social development. Now African socialism is a belief in sharing economic resources in the â€Å"traditional† African way. Many African politicians supported the â€Å"traditional† African way that is often referred as African Socialism. Julius K. Nyerere who was one of them who later became the President of Tanganyika (East Africa) in 1962 and was President of Tanzania (Tanganyika and Zanzibar) from 1964 to 1985. A Socialist and Pan-Africanist, was a force for moderation and racial harmony. He worked in close cooperation with the British authorities in his homeland. However, advocates of African socialism claimed that it was not the opposite of capitalism or a response to it, but something completely different. They claimed their socialism was merely recapturing the spirit of what it was to be African. Many believed that Africa was far behind capitalist states in terms of economic development and to compete fairly with them they needed a different appeal to unite them. German economist Werner Sombart in 1906, in his definition of American Capitalism stated, â€Å"America is the Canaan of capitalism, its promised land. † Capitalism is regarded as an economic system distinguished by private ownership of the means of production and the production of commodities for sale. The modern business corporation is an original creation of the American imagination. It was first fashioned to extend local markets, then, it became an indispensable means to create a national market. Both American industrialization and capitalism were crucially dependent upon the corporate form of organization. Thus arising a political process whereby economic power can become translated into governmental policy. American capitalists had almost a free hand in gaining control of a country unimaginably rich in natural resources. In straight-out contests of strength with both organized and unorganized workers American capitalists usually triumphed. The very philosophy of individualism facilitated the adoption of slavery in the American history. President, Nyerere had to steer a difficult course by the late 1960s Tanzania was one of the world’s poorest countries. Like many others it was suffering from a severe foreign debt burden, a decrease in foreign aid, and a fall in the price of commodities. The objective of socialism in the United Republic of Tanzania is to build a society in which all members have equal rights and equal opportunities, in which all can live in peace with their neighbors without suffering or imposing injustice, being exploited, or exploiting. The nature of Tanzanian society was on rural development. People were encouraged (sometimes forced) to live and work on a co-operative basis in organized villages or ujamaa (meaning ‘family hood’ in Kishwahili). It is important to realize that the policy of ujamaa Vijijini is not intended to be merely a revival of the old settlement schemes under another name. The Ujamaa village is a new conception; â€Å"Understanding that what we need to develop is people, not things, and that people can only develop themselves. † Ujamaa villages are intended to be socialist organizations created by the people, and governed by those who live and work in them. They cannot be created from outside, nor governed from outside. No one can be forced into an Ujamaa village, and no official at any level can go and tell the members of an Ujamaa village what they should do together, and what they should continue to do as individual farmers. According to Julius Kambarage Nyerere â€Å"I have said that a millionaire can be a good socialist. But a socialist millionaire is a rare phenomenon. Indeed he is almost a contradiction in terms. The appearance of millionaires in any society is no proof of its affluence; they can be produced by very poor countries like Tanganyika just as well as by rich countries like the United States of America. † He also goes on to say that a millionaire can be a socialist; he may value his wealth only because it can be used in the service of his fellow men. But the man who uses wealth for the purpose of dominating any of his fellows is a capitalist. On the other hand the white population of the U. S. A. descended from European immigrants who, most energetic and independent elements of their peoples, crossed the ocean to escape oppression, persecution and poverty. From the first settlements on the Eastern coast, with its commercial towns, they gradually expanded over the entire continent, exterminating in continuous fight the Indian natives, clearing the forests, subduing the wilderness, and converting it into cultivated land. American capital soon played the chief role in opening up the Western wilds by digging canals and building railways. Through its friends in Congress it was rewarded for this service to the nation with big allotments for exploitation, paying not more than the bribes, the form by which the politicians got their share of the profits. Founded on the principles of individual liberty and self-determination the nascent United States provided fertile ground for the seeds of Capitalism. Conditions such as slavery, explosive growth in the number of banks, America’s powerful drive to expand its territory, neutral trade during the war between Great Britain and France, and ultimately, the Industrial Revolution enabled American Capitalism to grow into a thriving jungle. Ayn Rand, a Russian-born, American novelist and philosopher says,† America’s abundance was created not by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes. â€Å"

Economic Crisis Management in Hospitality and Tourism Industry

INSTITUTE FOR INTERNATIONAL MANAGEMENT AND TECHNOLOGY OXFORD BROOKES UNIVERSITY, GURGAON Issues in International Hospitality and Tourism Management U 54082 Module leader: Ms. Bandana Rai Submission: ECONOMIC CRISIS IN HOSPITALITY & TOURISM INDUSTRY Submitted by: Pavitra Mehrotra Student Id: 010109029 Abstract In the recent scenario, hospitality and tourism sector has become an important part of daily life but which is now experiencing multiple challenges because of the global economic crisis.Besides tourism, many other industries are in a position to create affluence and economic development opportunities, which also considered difficult to develop. After a significant reduction in 2009, tourism industry boomed strongly in 2010 and 2011 the international tourist arrivals were predictable to increase considerably. As tourism is a steadily growing sector, and a more globally connected, which is already indulged with a maximum population, so in such environment it is often considered di fferent to think about Crisis Management. Related essay: Relationship Between Hospitality and Tourism Accompanying material: Advertising in Tourism IndustryBut this thing is often neglected and also mostly considered a task to be only thought upon when Crisis actually takes place. Purpose This research study is done to know how financial crisis occurs in tourism industry and how it can be overcome. So this research article named Economic Crisis in Hospitality and Tourism Industry will tell about the impact of economic crisis on this industry and the recommendation to overcome it. Methodology It was an attempt to determine the impact of Economic Crisis in Hospitality Industry, and its main objectives were: * To investigate negative effects of economic crisis in this industry. To investigate the possibilities and importance of preventive crisis management within corporate framework. * To recognize the importance of crisis planning and organizational measures. Keywords: hospitality, tourism, crisis, economic uncertainty, growth, and tourism market Paper Type: Research Paper Introduction The word â€Å"crisis† is derived from the Greek word â€Å"krisis†, which means differentiation. (Dirk, 2003). In legal terms, crisis was used to describe the differentiation i. e. eparation between actual and proposed situation. National economics was the first to use crisis for its operations. Their business administration started to look into the matter when the conditions were getting worse due to shortage of crude oil in 1970s. The company was unable to solve this oil shortage due to lack of situation management, so this laid the consequence of coping with crisis. Crisis Management, the term usually refers to change of tasks and procedures done when a crisis materialize.Different types of crisis management and correlating activities are categorized in regards to the process and differentiation between different phases. Crisis Management as a system refers to the group of people who are responsible for crisis management activities. Mainly middle and lower level e mployees and the external factors join with the upper management as essential part of crisis. Although crisis management has abided through various attempts of explanations and theories, but till now none of the standards have been found to overcome it.Crisis management should be implicit as a preparation to avoid uncertain damage or negative effects. Taking the process of crisis management into consideration, the prevention of actually surviving with the crisis is acknowledged. Therefore, both the activities of prevention and struggling should be comprehended to crisis management as should be apprehended as a comprehensive management problem. This part of crisis management is dependable on crisis terminology, both part of regular official planning are also independent from it. Literature ReviewAs quoted by Krystek and Schulten â€Å"Business administration predominantly terms crisis as a process that negatively influences the development of a company to a considerable extent† (Krystek, 1987; Schulten, 1995). According to this the crisis either endangers or makes the survival of the affected company impossible. In words of Burtscher, â€Å"†¦ a company should only be spoken of when the achievements of existential or dominant goals, which are decisive factors in the survival of the entire system, are seriously endangered. † (Burtscher 1996, p. 31).Another group of authors Sonmez, Bachmann and Allen in 1994 defined tourism crises in even more concrete terms as â€Å"†¦ any occurrence which can threaten the normal operations and conduct of tourism destination’s overall reputation for safety, attractiveness, and comfort by negatively affecting visitors’ perceptions of the destinations; and, in turn, cause downtown in the local travel and tourism economy, and interrupt the continuity of business operations for the local travel and tourism industry, by the reduction in tourist arrivals and expenditures. (Sonmez et. al. 1994, p. 22). Later after 2 years in 1996, Scheler defines crisis management as: â€Å"†¦. measures of all types which allow a business to cope with a suddenly occurring danger or risk situation in order to return as quickly as possible to normal business routine. † (Scherler, 1996, p. 17). Another author Weinberg and Konert in 1985 argued that ‘†¦subjectivity experienced through the product, the service, the contribution made to the consumer’s quality of life†¦Ã¢â‚¬â„¢ (Weinberg and Konert, 1985, p. 85).Years later Haedrich in 1998, proved that in year 1991, ‘only 40. 6 percent of the companies interviewed were in a position to implement their planned competitive strategies unhindered by social demands. The onset of a negative event will increase this number even further. (Haedrich, 1998). Luhmann also quoted â€Å"†¦that risk assessment and the readiness for risk acceptance is not only a physiological but mainly a social problem. We behave as it is expected by the relevant reference groups or as we-whether in accordance with or against the opinion-are socialized’. Luhmann, 1991, p. 11). According to Romeo ‘if a high degree of object-specific involvement exists, it can be assumed due to the greater load and a strong discrimination effect in comparison to positive stimuli. (Romeo, 1991). Another author Krielkamp described risk as ‘the possible negative consequences of the consumer’s behavior as perceived by the consumer. Seen from this point of view, risk during the travel decision is the deviation that can exist between the expected and the final, subjectivity experienced tourism product.If this perceived risk exceeds a certain tolerance value, the consumer tried to reduce this risk using reductions techniques product than for a material product. (Krielkamp, 1998). According to Ritchie and Crouch, it is important for the tourist to know the dangers that exist in a destination in order to adjust their behavior and, secondly, to set these in relation to the usual danger at the location. (Ritchie and Crouch, 1997). Tschiderer’s defines the holiday location product as ‘a bundle of market services, which are made up of constant core part and a derived variable offer’.And the natural offer as a core service of the service bundle, ‘with a few exceptions, is the core of holiday tourism and, therefore, the deciding element of the services’. (Tschiderer’s, 1980) â€Å"ECONOMIC CRISIS IN HOSPITALITY & TOURISM INDUSTRY† Tourism has an important impact on economies, societies and cultures of countries. From boosting economic growth to improving the social fabric and material resourcing to improve living conditions, the tourism has started to act upon.It’s obvious that tourism contributes to economic and social process, but the strength of action differs remarkably from region to region depending upon the level of Obviously, tourism contribution to economic and social progress, the strength of its action differs significantly from country to country depending on its level of development and the regimen attended on them. As with the most industries hospitality and tourism sector is also experiencing number of challenges as a result of global economic crisis.The industry is feeling the impact of a reduction capital market and non-mandatory spending by both corporate and individual customers. Tourism has suffered a lot during the global economic crisis; there was a turn down of 4% of international tourist arrivals in 2009, and revenues from international tourism fell by 6% by 2009. Motivations of travel for 2011 have been to traditional tourist destinations (58%), while 28% wanted to discover new destinations. (Global Financial Crisis Bulletin, Protiviti, 2009) Based on existing forecasting, the quarterly increase in hotel RevPAR is not expected until the second the second quarter of 2010.Corporate travel which ac counts to 18% of airline revenue has also decreased consecutively as companies all around the world are getting determined to reduce costs. With partial expansion contingencies, many hotels and companies are looking forward to improve the capability of their sales and marketing expenditure and maintaining prevailing brand value so as to gain customer loyalty and market share. According to a new report of UNWTO â€Å"2011 International Tourism Results and Prospects for 2012† during the year 2011 tourist arrivals grew up by about 4% to a total of 980 million.As published in the report, in 2012 the same will continue to grow, at a slow pace most likely very close to one billion tourists. The increase in 2011 was 4. 4% (980 million in the year 2011, compared with 939 million in the year 2010). (Universitatea Danubius Galati, 2012) Tourism development during Global Economic Crisis Tourism industry in the recent decades has proved to be an important element in the economic growth. The increasing number of tourists, tourism business growth, but also being an area that is still a major employer in the labor market motivates positive development of the global Hospitality & Tourism sector.The involvement of tourism industry in global GDP is striking 9% with only slightly smaller than the banking sector representing 11%, but higher than the automotive industry that is 8. 8%. This figure is itself very impressing, but taking into consideration the global situation becomes even more valuable. The year 2011 was characterized by a deadlock in the global economy that seems to recover in a series of events leading to political instability in countries in the Middle East and North Africa, and natural disasters, also as in earthquakes in Japan.The global economic crisis of 2008-2009 had a momentous impact on international tourism industry, the most severe so far in the last decades. International tourist arrivals declined by 4% and international tourism receipts by 6%. In 2010, the sector rebounded strongly (international tourist arrivals grew by 7%) demonstrating the resilience of tourism demand. (http://www. unglobalpulse. org/projects/rivaf-research-economic-crisis-tourism -decline-and-its-impact-poor) The Impact of Economic Crisis on Tourism and Hospitality Worldwide:Businesses have reported a declination in sales of lodging, food service; events and other hospitality products and some have closed their doors forever. The declination has resulted not only from smaller number of customers in hotels, restaurants, conference and convention centers, etc. , but also from a momentous decline in the average expenditure per guest (Pizam, 2009) The decline in international tourism in 2009 was felt globally, but specifically affected destinations with a higher dependence on the European and US source markets.All world regions suffered a decline in international tourist arrivals with the exception of Africa. By income level, low-income countries have been less adversely affected by the global crisis and have recovered comparatively faster. Business tourism was more affected than other segments, but available information does not allow for a detailed impact analysis by a segment. Employment in tourism was less impacted and tended to recover quicker than in other economic sectors according to data on employment in hotels and restaurants (the available proxy used in there port to evaluate the impact of the crisis on tourism employment).The recession had caused serious problems for luxury hotels all around the world. However, many hotels in international markets, especially the ones catering to leisure travelers, were not as much of affected. The popularity and growth of the luxury hotel sector in recent years commend that a strong return may not be idealistic (Barsky, 2009). (UNWTO, 2010) More specifically: * Europe ended the year 2009 by 6% declination. Destinations in Central, Eastern and Northern Europe were predominantly poorly affe cted, as compared to the results in Western, Southern and Mediterranean Europe that were relatively better. Asia and the Pacific (? 2%) showed an unexpected rebound. The second half of 2009 measured a 3% growth, reflecting enhanced regional economic results and scenarios. * In the Americas (? 5%), the Caribbean returned to growth in the last four months of 2009. * The Middle East (? 6%), though far-far better from the growth levels of previous years, had a positive second half in 2009. * Africa (+5%) was a strong performer, with sub-Saharan destinations doing particularly well business. (Q Finance, 2012) Crisis Handling StrategiesThe further area of crisis management concerns with the application of basic courses of action for crisis handling. The basic aim of crisis handling strategy is the pressure of the developments of the effects caused by negative consequence of global economic crisis. The forms of a crisis handling strategy can be either of the two i. e. Offensive handling an d defensive handling. 1. Offensive handling strategy: The aim of an offensive handling strategy is to timely and systematically implement the measures that eradicate and contains the cause and the effects related to identifying the problem area.To make this handling strategy work the organization must be prepared, intended and independently, to accept all the parts of activities, particularly customers, stakeholders and the state, that something has not worked as anticipated. An essential part of the offensive handling strategy is the attempt to eradicate the causes of the problems. Despite large number of efforts, there will remain always some problem areas for which this is not possible; for example, natural disasters. In such cases, a long-term well thought-out offensive strategy can be used to agree to and capitalize on the event. Dirk, 2003) 2. Defensive handling strategy With a defensive handling strategy, it is taken in consideration without knowing the consequences and knowl edge of the circumstances, not to act upon them, but to wait to react in order to bring the situation under control. The aim is to elude the crisis as far as possible and not to strengthen the circumstances with an individual’s action. In practice, the defensive handling strategy can be often observed. This is certainly also affected by the verity that offensive handling strategy and information given come with unknown attention in the preliminary stage. The greater scope with regard to handling and structuring but also the sensibleness of voluntarily talking on social responsibility means that an offensive handling strategy has a lot going for it. If the crisis is understood in such terms, it offers the chance to develop the organization further and ensures the influence in the various spheres of activities. † (Dirk, 2003) Crisis Planning and Organizational measures Planning is defined as a constructive process that defines how the organization’s stakeholders wa nt to see a future process to be developed.Hence planning is the opposite of brain-storming, ad-hoc decisions that are dependent on chance. In the crisis process and implementation process, there are three discrete stages i. e. Generic Planning, Contingency Planning and Preventive Planning (WEU, 1995). 1. Generic Planning- it reclines planning basis for possible crisis situations. The aim is to identify fundamental requirements and potentials. In addition, the ensuring planning stages should be made simple and plans that speed up the process. The questions that are related to organization’s structure as well as to the workflow organization that are much influence and unwavering by it.Generic planning is followed by the predictable investigation of certain crisis synopsis. The basic aim is to work out and evaluate different privileges in order to keep them accessible as tactics of action. This outline of planning is also known as ‘alternative planning’ or emergenc y planning. 2. Contingency Planning- In brief, contingency planning for predictable events enables the organization to get a boost up start that fundamentally helps the company to be more reliable about their decisions in critical situations like under pressure.The planning process in terms of detailing is limited to economic and human necessities as on the well as within boundaries of imagination. So a lot of attention is required when it concerns with situations for which there is very short reaction time left. 3. Preventive Planning- Whenever a negative is prevailing on an organization, then preventive planning is used. Depending on the need with which the task should be completed, i. e. depending on the speed with which the crisis is increasing, this can only happen through the adaptation of various option plans.The aim of these option plans, which are made up on the outline of preventive planning, is the application and preparation of feasible solutions to the increasing crisis situation. For all planning actions of preventive planning, the findings and result of previous steps and also the contingency planning are used as an initial point of start. Although these rare results of the applied contingency are being used in this application, the use of the least part of the contingency plan considerably shortens the preventive planning process.It is important to think through crisis planning and organizational preparation in good times as it is to be implemented in reality. With its implementation, one of the essential factors for a successful crisis management is met (Mileti and Sorensen, 1987; Reilly, 1987) Conclusion In 2011, world tourism has emerged fully from the crisis, say experts unanimously. Trend of increasing profits and the number of tourists will continue over the next few years, and this year could be even set a new record for number of trips, reports World Travel Monitor Forum.As shown in the statistics world tourism industry activity increas es in importance. The main index, tourist arrivals, is increasing, and sales in 2011 of 4. 4% are significant. According to the WTO officials, tourism is very important in emerging economies, tourism affects the entire economy by reducing debt, trade deficit and creating jobs. Besides the critical economic dimension, tourism is very important socially and culturally, favoring communication between different cultures, it can have an influence on mentality and geopolitical developments worldwide. 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Tourism industry is always helpless to various crises and disasters, and its growth has been badly affected due to unpleasant situations.This paper was part of a research which has been conducted in Penang and uses qualitative research methodology. The level of impacts was different for industry and their businesses decreased for a certain period of time. It was found that the recent economic crisis formed many negative impacts for businesses in Penang and various strategies have been applied to lessen the negative effects. The paper also argues that the crisis had consequent effects and created many challenges for tourism industry. Key Point-2Recent economic and financial crises that affected tourism industry from 2007 through 2010 and further has thrown considerable attention on the role that crisis measures play in tourism. (Hall, 2010). The scope and size of impacts were so severe, that the World Tourism Organization estimated that international tourist arrivals fell by 4% in 2009, and many destinations in the world reported negative growth. As Penang is a mature tourist destination in Malaysia was also affected by recent global economic crises. Attracting many international leisure and business tourists gives threats and opportunities to this destination.Threats because these markets highly depend on global economic situations; and variation in the number of arrivals can create negative impacts for tourism industry. Comment and analysis The above study tells us that tourism industry in Penang was struck by global financial and economic crises. However they were not equal for different hospitality industrie s in Penang, although they approved that the crisis created many opportunities for their business. It is also important to note that although economic crises affected Penang as a tourist destination.Tourism business in Penang also looked at this crisis as an opportunity for organizational learning and they obtained valuable experiences on how to manage the difficult situations. They also believed that there is an immediate need to develop a tourism crisis management plan that integrates all tourism business in the State as the industry is very delicate to external factors. Article Summary-2 Carmen Babaita, Marilen Pirtea, Andreia Ispas (2010). Professional tourism – before and after economic crisis in the hotel industry from Timisoara, Romania. WSEAS Transactions on Business and Economics. , pp. 10 Key Point-1 This article demonstrates information on the concept of proficient tourism and its associated terms and how the global economic crisis has affected this valuable segmen t financially, particularly in tourism industry. The research was conducted in two periods: before and during the economic crisis and targeted 13 hotels of 3 and 4 stars from the hotel market in Timisoara. The study projected a series of related research regarding the tourism and services from the hospitality field, which was in the position of finding new ways to attract and retain business customers.Also according to authors Hotels surveyed in 2009-2010 except for a 4 Star Hotel said they were affected by the financial crisis. Key Point-2 According to the article, the competitive advantages for Romania as tourist destination were unusual destination markets; location in Central-Eastern Europe, the existence of large international hotel chains; knowledge of English by a large part of the young population; upcoming professional specialization of the Romanian companies with the opportunity to become trusted partners for any global organizations, also placed in Romania.Taking into acc ount the addition of the professional travel motivation in the definition of tourism and tourists, there were numerous clashes of opinion, having prevailed the opinion that professional tourism produces the same economic effects at the destination of the traveler or visitor as the recreational tourism; these effects can be: an increasing or a stimulating economic activity, an increased turnover of firms specialized in tourism benefits and an increased revenue from tourism balance. Comment and analysisAccording to the above study, it can be analyzed that the economic crisis had a major affect on the hotel market activity in Timisoara. The hotel management has always been in a position to find intellectual and resourceful solutions to attract customers, which are scarce and more demanding. Accommodation are still limited, their number is significantly lower to the accessible needs. Starting a project with European funds that include design, site plan of new hotels, even hotel chains, could be the key to improve job prospects, the number of events, business tourists coming to western markets.Article Summary-3 Protiviti: Risk and Business consulting. (2009, June). Impact of the Economic Crises on the hospitality, tourism and leisure industry. Publisher U. S Available from: http://www. protiviti. com/en-US/Documents/Newsletters/Global-Financial-Crisis/FinCrisis_Bulletin061909. pdf [Accessed: 17/09/12. ] Key Point-1 The current article discusses about the analysis of existing conditions faced by the hospitality, travel and leisure industry, along with a review of the significant issues the management should have concentrated as the economic rises continues to run its run as an economic recovery begins. According to the article the financial crises has impacted both domestic and the domestic i. e. U. S market as well international travel market. The occupancy ratio of domestic travelers to international travelers is approximately 4:1 (83 percent v/s 17 percent). In r esponse many hotels have reduced number of guests, which is one of the largest expenses at both the hotel and corporate levels. Key Point-2With limited expansion opportunities, many hotels and companies are looking to improve the effectiveness opportunities, many hotels and companies are looking to improve the effectiveness of their sales and marketing spend and maintain existing brand value to gain customer loyalty and increase market share. Their strategies include print and online advertising, and marketing directly to national groups that initially have arranged events at their properties. As in other industries, cost management and controls spend have become important areas of focus for owners and operators.Centralizing or outsourcing business processes (e. g. , payroll, accounts payable) is among numerous strategic initiatives hospitality management is undertaking. Comment and analysis Based on the article it can be concluded that companies are using different strategies to ma intain themselves during the global economic crises. For firms in hospitality and tourism industry, it is important for management to maintain customer expectations, manage to maintain customer expectations, manage costs, optimize cash flows and working capital, and maintain debt obligations.Additionally, many in the industry are using the current economic crisis as an opportunity to gain market share. Through increased marketing and advertising initiatives, companies are striving to maintain existing customers while also positioning themselves to be top-of-mind for industry consumers once the economy begins to recover. Summary-4 Crises Management in Hospitality Industry: Case of Croatia Cizmar, Sanja: Vlahov, Antonio. An Enterprises Odeyssey. International Conference Proceeings: 1576-15-89, 4, 20. Zagreb: University of Zagreb, Faculty of Economics and Business. (May 26-May 29, 2010)Key Point-1 This article tells us about the 2009 economic on the hospitality in Croatia. It tells tha t a strategic approach to the crisis management in the hospitality industry both on government and private level sectors. On government level, the article examines the overall process of dealing with the crises as well as pre-crises planning. The research findings tell that the Croatian government, got failed in the pre-crises management but in tourism sector it handled the crises in a very effective way, thus assuring the country tourism results in the year of global economic crises.A survey done in on a small fraction of Hospitality companies in Croatia, revealed that top level managers understood the importance of crises management measures and also they were regular in their implementation. The authors also concluded that global economic crises cannot be stopped but, the impact on hotel industry can be limited both by private organizations and public sectors. Key Point-2 In 2009, world economy has faced a rare crisis, activating severe recession that critically affected tourism industry.In Croatia two percent drop of overall tourist arrival, and one percent increase of overall overnights has been recorded in 2009 in comparison to 2008. The drop in tourism receipts of Croatia has been much stronger than the drop in the arrivals, and is expected to reach 15. 5% compared to next year. A typology of crises, which is important for further discussion in the paper, is based on the types of domains or origins or causes of the crises. Complexity of the crises’ origins affects that lifecycle and duration of the crises, thus impacting its intensity and impacts to organizations. Since tourism industry is very ulnerable to different crisis, the scope of crises impacts in tourism is multilevel. Out of all 24 crises management measures, 14 measures have significant correlation between managers have significant correlation between managers’ perception of importance and its usage. Four measures belong to group ‘operation, investment, and environmentâ₠¬â„¢ and three measures to group ‘human resources’. Comments & Analysis This article analysis’s the way of coping with the economic crisis on government and company managerial level in the hospitality industry of Croatia, with regards to 2009 economic crisis.In deep economic crisis as it was in 2009, which has had a significant impact on the hospitality industry market and financial position, only synchronized actions of government and companies’ management may generate positive results in crisis prevention and especially in a phase of coping with the crisis. Empirical survey shows that top managers of Croatian hospitality companies’ management may generate positive results in crisis prevention and especially in a phase of coping with crisis.The survey should be done on the same sample of hospitality companies in order to reveal which company has succeeded to recover operational performance in a shorter period. Parallel, the research should aim to r eveal which group of crisis management measures generates the fastest recovery of companies operating performance in a post crisis period. Article Summary-5 Carmen Babaita, Marilen Pirtea, Andreia Ispas (2010). Professional tourism – before and after economic crisis in the hotel industry from Timisoara, Romania. WSEAS Transactions on Business and Economics. 7, pp. 10Key Point-1 This article demonstrates information on the concept of proficient tourism and its associated terms and how the global economic crisis has affected this valuable segment financially, particularly in tourism industry. The research was conducted in two periods: before and during the economic crisis and targeted 13 hotels of 3 and 4 stars from the hotel market in Timisoara. The study projected a series of related research regarding the tourism and services from the hospitality field, which was in the position of finding new ways to attract and retain business customers.Also according to authors Hotels sur veyed in 2009-2010 except for a 4 Star Hotel said they were affected by the financial crisis. Key Point-2 According to the article, the competitive advantages for Romania as tourist destination were unusual destination markets; location in Central-Eastern Europe, the existence of large international hotel chains; knowledge of English by a large part of the young population; upcoming professional specialization of the Romanian companies with the opportunity to become trusted partners for any global organizations, also placed in Romania.Taking into account the addition of the professional travel motivation in the definition of tourism and tourists, there were numerous clashes of opinion, having prevailed the opinion that professional tourism produces the same economic effects at the destination of the traveler or visitor as the recreational tourism; these effects can be: an increasing or a stimulating economic activity, an increased turnover of firms specialized in tourism benefits an d an increased revenue from tourism balance. Comment and analysisAccording to the above study, it can be analyzed that the economic crisis had a major affect on the hotel market activity in Timisoara. The hotel management has always been in a position to find intellectual and resourceful solutions to attract customers, which are scarce and more demanding. Accommodation are still limited, their number is significantly lower to the accessible needs. Starting a project with European funds that include design, site plan of new hotels, even hotel chains, could be the key to improve job prospects, the number of events, business tourists coming to western markets.