Internal Analysis Apple Essay Example Essay Example

Internal Analysis Apple Essay Example Paper Internal Analysis Apple Essay Introduction Internal Analysis Tangible resources Apple’s tangible resources are extensive and widely documented despite the company’s high level of security in matters of design. The value of analyzing the tangible assets of the organization lies in the determination of the potential for the creation of competitive advantage (Grant 2007). In terms of financial resources, the case quotes Apple’s market capitalization is approximately US $550 billion, with sales annually over $100 billion. This makes Apple the most valuable publicly traded company in the world. The share price currently stands at around $600, merely 12 ears after Steve Jobs’ return to the company, where the share price was $5. Apple’s physical resources include 362 retail stores world wide, which promote sales and effective advertising. Third party manufacturing relationships are also a key aspect of Apple’s success allowing for relatively inexpensive manufacturing while all design aspects stay in-house (Mass 2009). Internal Analysis Apple Essay Body Paragraphs The systems in development, design and software systems are all key aspects of Apple’s organizational and technological resources, and are closely linked to the organization’s intangible resources due to their close relation with knowledge and managerial capabilities. Intangible resources Apple’s overwhelming and unprecedented success in the technology industry undoubtedly stems from its intangible resources. The influence that co-founder and CEO Steve Jobs had on the company is undeniably accountable for its achievements. As an entrepreneur and human resource to Apple, Jobs’ managerial capabilities and innovative ideas were invaluable. The retail stores of Apple also provide intangible resources in the interaction with customers, aesthetically appealing design of the tortes and technological support provided on site in the ‘genius bar’ Arbor 2011). The reputation of Apple and the unique creation of customers ‘needing the newest design i n the latest release of products is an intangible resource vital to the organization’s success; they have captured exactly what the consumer wants. Apple develops and integrates its own hardware and software, and along with the creation of the App store, has created a self-sufficient technological process from start to finish. Consequently, the brand name Apple evokes a whole new facet of technology in today’s society. Capabilities The capabilities of Apple lie in the integration of tasks that combine all aspects of their company, from research and development to product development to marketing and advertising. The entrepreneurial skills and capabilities of Steve Jobs and the the company. Retail Apple stores act not only as a mechanism for sales, but also as a product themselves, as they are invaluable marketing for the brand. The Internet based sales also offers customers to create combinations of their own products, which could be built and shipped with efficiency a nd quality guarantee. Apple rates products that are simple in design, yet so focused on the specifics that customer’s inherently deem them as ‘cool’. Apple also maintains an air of suspense and mystery upon the unveiling of their products, which captures the consumer’s curiosity on a huge scale, an unusual tactic in a society concerned with collaboration and transparency. The use of a platform strategy to create a family of products that will all stream from each other and make use of design elements for derivative products, I. E. the phone, pod touch and pad. The creation of products that, despite ever changing and evolving in technological progress, maintain a clear look and use for consumers is a capability for Apple. Capability Rare Valuable Costly to imitate Non-substitutable Competitive Consequence Design team Yes Yes Yes Yes Competitive Advantage Retail stores Yes Yes Yes Anthropometry CA Internet sales Noses Yes Noncompetitive Parity Design of â₠¬Ëœcool’ products Yes Yes Anthropometry CA Unveiling of products Yes Yes Yes Anthropometry CA Platform strategy Yes Yes Yes Yes Competitive Advantage Clear Apple look and use Yes Yes Yes Yes Competitive Advantage Core Competencies Apple defies the norm in regard to core competencies, that is; the capabilities that serve the company with competitive advantage over rival firms, as it has three that are clearly distinguishable. While most companies can hope to have one or maybe two core competencies, the success that Apple has seen in the past few decades in the global commercial electronics industry has been unprecedented. This has been largely due to the innovation and entrepreneurial quality that has stemmed from the design team and Jobs’ influence in creating products that consumers desire on an ongoing basis. The use of a platform strategy has seen the success of a multitude of products which have offered countless benefits to both Apple itself, and their customers, who can use the same software, hardware, accessories and production between products. Finally, the simple, elegant look and usability of Apple products across the brand has proven to be the core capability that no other company can par. Value Chain Analysis Primary Activities Inbound Logistics superior products, while maintaining a level of quality control. The unique hardware system has also allowed for Apple to be produced entirely from scratch with a unique pirating system. Operations Apple capitalists on economies of scale in their production techniques by utilizing cheaper and more efficient partners to carry out production at a high quality. This leaves the company to focus on the design processing and engineering of innovative development for both current and future products. Outbound Logistics Apple stores have transformed from merchandising buildings designed to attract â€Å"foot traffic† and curious non-Apple customers, to retail destinations. In conjunction with t he stores (which are products in themselves), Apple products are also sold wrought select authorized retailers, which provide a point of contact between staff and consumers as well as an outlet for advertisement for the Apple brand. Customized Internet orders are also directly shipped from storage facilities in China arbor 2009). Marketing and Sales Retail stores are life size advertisements, as the sleek interior design and advanced technological displays of Apple products are a credit to the company as the ultimate marketing display. The secretive product unveiling create hype and curiosity about new Apple products, effective in capturing consumer interest. The real secret to Apple’s marketing, however, lies in its ability to create functional, instinctive products that the consumer finds natural to use. Apple’s marketing campaign highlights this not by specifying the complex features of the product, but rather showing the way that consumers will use them in day to d ay life and look good doing it (Hollies 2011). Service The â€Å"genius bar† feature of the retail Apple store provides a direct consultation service that allows customers to consult an expert technician on problems they may have encountered with their product. The platform strategy that Apple uses also meaner that consumers are already aware of how a product works from previous products of the same family, requiring less training and also less maintenance and repair due to a better developed product. Supporting Activities Firm Infrastructure The structure of the company once Jobs returned to Apple saw the rapid onset of success, due to the focus on innovation rather than process. The lack of specific processes disclosed to the public also raises questions as to the efficiency of creates opportunities for growth, extensive research and development and product expansion. Human Resource Management The employee benefits of working at Apple are numerous, from the testing of produ cts to receiving gifts of the newest designs to superior working environments. Consequently, for such an innovative and rapidly paced industry, the hiring process is selective in order to attract the best entrepreneurial talent. Technological Development The level of secrecy within Apple is extremely high, even between departments within the organization. This is vital to keep the company relevant and competitive. The level of research and development at Apple is extensive, with many employees particularly senior level management) taking a hands on approach in order to utilize â€Å"knowledge work† to achieve the most â€Å"beautiful, elegant solution†. Procurement The relationship between Apple and its suppliers is of utmost importance to the company in order to meet the needs of a competitive, fast-paced business environment. This is supported by Apple’s Supplier Diversity Program, established to uphold social and environmental responsibilities by utilizing a range of suppliers with diverse cultural components (Apple and Procurement 2012). Strengths and Weaknesses table Strengths Weaknesses Large market capitalization Lack of concrete processes Annual sales making Apple the largest publicly traded company worldwide Level of secrecy between departments could lead to overlap of ideas/double-up 362 retail stores worldwide providing advertisement for the company Continuing to release relevant and improved products is rapidly paced industry Strong relationships with third party manufacturers and suppliers Design team with extensive entrepreneurial and innovative skills Retail stores offering a point of contact for consumers as well as customer support for product difficulties We will write a custom essay sample on Internal Analysis Apple Essay Example specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Internal Analysis Apple Essay Example specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Internal Analysis Apple Essay Example specifically for you FOR ONLY $16.38 $13.9/page Hire Writer

Andrés Bonifacio, Filipino Revolutionary Leader

Andrà ©s Bonifacio, Filipino Revolutionary Leader Andrà ©s Bonifacio (November 30, 1863–May 10, 1897) was a leader of the Philippine Revolution and the president of the Tagalog Republic, a short-lived government in the Philippines. Through his work, Bonifacio helped the Philippines break free from Spanish colonial rule. His story is still remembered in the Philippines today. Fast Facts: Andrà ©s Bonifacio Known For: Leader of the Philippine RevolutionAlso Known As: Andrà ©s Bonifacio y de CastroBorn: November 30, 1863 in Manila, PhilippinesParents: Santiago Bonifacio and Catalina de CastroDied: May 10, 1897 in Maragondon, PhilippinesSpouse(s): Monica of Palomar (m. 1880-1890), Gregoria de Jesà ºs (m. 1893-1897)Children: Andres de Jesà ºs Bonifacio, Jr. Early Life Andrà ©s Bonifacio y de Castro was born on November 30, 1863, in Tondo, Manila. His father Santiago was a tailor, local politician, and boatman who operated a river-ferry. his mother Catalina de Castro was employed in a cigarette-rolling factory. The couple worked extremely hard to support Andrà ©s and his five younger siblings, but in 1881 Catalina caught tuberculosis and died. The following year, Santiago also became ill and passed away. At the age of 19, Bonifacio was forced to give up plans for higher education and begin working full-time to support his orphaned younger siblings. He worked for the British trading company J.M. Fleming Co. as a broker, or corredor, for local raw materials such as tar and rattan. He later moved to the German firm Fressell Co., where he worked as a bodeguero, or grocer. Family Life Bonifacios tragic family history during his youth seems to have followed him into adulthood. He married twice but had no surviving children at the time of his death. His first wife Monica came from the Palomar neighborhood of Bacoor. She died young of leprosy (Hansens disease). Bonifacios second wife Gregoria de Jesus came from the Calookan area of Metro Manila. They married when he was 29 and she was just 18; their only child, a son, died in infancy. Establishment of Katipunan In 1892, Bonifacio joined Jose Rizals organization La Liga Filipina, which called for reform of the Spanish colonial regime in the Philippines. The group met only once, however, since Spanish officials arrested Rizal immediately after the first meeting and deported him to the southern island of Mindanao. After Rizals arrest and deportation, Bonifacio and others revived La Liga to maintain pressure on the Spanish government to free the Philippines. Along with his friends Ladislao Diwa and Teodoro Plata, however, he also founded a group called Katipunan. Katipunan, or Kataastaasang Kagalannalangang Katipunan ng mga Anak ng Bayan (literally Highest and Most Respected Society of the Children of the Country), was dedicated to armed resistance against the colonial government. Made up mostly of people from the middle and lower classes, the Katipunan organization soon established regional branches in a number of provinces across the Philippines. In 1895, Bonifacio became the top leader, or Presidente Supremo, of the Katipunan. Along with his friends Emilio Jacinto and Pio Valenzuela, Bonifacio published a newspaper called the Kalayaan, or Freedom. Under Bonifacios leadership in 1896, Katipunan grew from about 300 members to more than 30,000. With a militant mood sweeping the nation and a multi-island network in place, Bonifacios organization was prepared to start fighting for freedom from Spain. Philippine Revolution Over the summer of 1896, the Spanish colonial government began to realize that the Philippines was on the verge of revolt. On August 19, authorities tried to preempt the uprising by arresting hundreds of people and jailing them under charges of treason. Some of those swept up were genuinely involved in the movement, but many were not. Among those arrested was Jose Rizal, who was on a ship in Manila Bay waiting to ship out for service as a military doctor in Cuba (this was part of his plea bargain with the Spanish government, in exchange for his release from prison in Mindanao). Bonifacio and two friends dressed up as sailors and made their way onto the ship and tried to convince Rizal to escape with them, but he refused; he was later put on trial in a Spanish kangaroo court and executed. Bonifacio kicked off the revolt by leading thousands of his followers to tear up their community tax certificates, or cedulas. This signaled their refusal to pay any more taxes to the Spanish colonial regime. Bonifacio named himself president and commander-in-chief of the Philippines revolutionary government, declaring the nations independence from Spain on August 23. He issued a manifesto, dated August 28, 1896, calling for all towns to rise simultaneously and attack Manila, and sent generals to lead the rebel forces in this offensive. Attack on San Juan del Monte Bonifacio himself led an attack on the town of San Juan del Monte, intent on capturing Manilas metro water station and the powder magazine from the Spanish garrison. Although they were vastly outnumbered, the Spanish troops inside managed to hold off Bonifacios forces until reinforcements arrived. Bonifacio was forced to withdraw to Marikina, Montalban, and San Mateo; his group suffered heavy casualties. Elsewhere, other Katipunan groups attacked Spanish troops all around Manila. By early September, the revolution was spreading across the country. Fighting Intensifies As Spain pulled all its resources back to defend the capital at Manila, rebel groups in other areas began to sweep up the token Spanish resistance left behind. The group in Cavite (a peninsula south of the capital, jutting into Manila Bay), had the greatest success in driving the Spanish out. Cavites rebels were led by an upper-class politician called Emilio Aguinaldo. By October of 1896, Aguinaldos forces held most of the peninsula. Bonifacio led a separate faction from Morong, about 35 miles east of Manila. The third group under Mariano Llanera was based in Bulacan, north of the capital. Bonifacio appointed generals to establish bases in the mountains all over Luzon island. Despite his earlier military reverses, Bonifacio personally led an attack on Marikina, Montalban, and San Mateo. Although he initially succeeded in driving the Spanish out of those towns, they soon recaptured the cities, nearly killing Bonifacio when a bullet went through his collar. Rivalry With Aguinaldo Aguinaldos faction in Cavite was in competition with a second rebel group headed by an uncle of Bonifacios wife Gregoria de Jesus. As a more successful military leader and a member of a much wealthier, more influential family, Emilio Aguinaldo felt justified in forming his own rebel government in opposition to Bonifacios. On March 22, 1897, Aguinaldo rigged an election at the rebels Tejeros Convention to show that he was the proper president of the revolutionary government. To Bonifacios shame, he not only lost the presidency to Aguinaldo but was appointed to the lowly post of secretary of the interior. When Daniel Tirona questioned his fitness even for that job based on Bonifacios lack of university education, the humiliated former president pulled out a gun and would have killed Tirona if a bystander had not stopped him. Trial and Death After Emilio Aguinaldo won the rigged election at Tejeros, Bonifacio refused to recognize the new rebel government. Aguinaldo sent a group to arrest Bonifacio; the opposition leader did not realize that they were there with ill intent, and allowed them into his camp. They shot down his brother Ciriaco, seriously beat his brother Procopio, and according to some reports also raped his young wife Gregoria. Aguinaldo had Bonifacio and Procopio tried for treason and sedition. After a one-day sham trial, in which the defense lawyer averred their guilt rather than defending them, both Bonifacios were convicted and sentenced to death. Aguinaldo commuted the death sentence on May 8 but then reinstated it. On May 10, 1897, both Procopio and Bonifacio were likely shot dead by a firing squad on Nagpatong Mountain. Some accounts say that Bonifacio was too weak to stand, due to untreated battle wounds, and was actually hacked to death in his stretcher instead. He was just 34 years old. Legacy As the first self-declared president of the independent Philippines, as well as the first leader of the Philippine Revolution, Bonifacio is a crucial figure in Filipino history. However, his exact legacy is the subject of dispute among Filipino scholars and citizens. Jose Rizal is the most widely recognized national hero of the Philippines, although he advocated a more pacifist approach to reforming Spanish colonial rule. Aguinaldo is generally cited as the first president of the Philippines, even though Bonifacio took on that title before Aguinaldo did. Some historians feel that Bonifacio has gotten short shrift and should be set beside Rizal on the national pedestal. Bonifacio has been honored with a national holiday on his birthday, however, just like Rizal. November 30 is Bonifacio Day in the Philippines. Sources Bonifacio, Andres. The Writings and Trial of Andres Bonifacio. Manila: University of the Philippines, 1963. Constantino, Letizia. The Philippines: A Past Revisited. Manila: Tala Publishing Services, 1975. Ileta, Reynaldo Clemena. Filipinos and their Revolution: Event, Discourse, and Historiography. Manila: Ateneo de Manila University Press, 1998.78

Management info Systems Project WK3 Essay Example | Topics and Well Written Essays - 250 words

Management info Systems Project WK3 - Essay Example st important advance in e-commerce with regards to SCM is the increasing use of electronic marketplaces that enhance many suppliers and thousands of customers. However, the significance of the marketplace is to have numerous suppliers competing over prices. Therefore, the integration of e-commerce, value chain analysis and supply chain management automate the purchasing and selling of goods and services by an organization. Therefore, more research questions come in mind 1) what are the impacts of e-commerce in an organization, 2) what are the beneficial opportunities for application of e-commerce in a business etc. These questions fascinate me and that is why I am so interested in researching on the same. Bidgoli on chapter 8 thoroughly explores e-commerce and differentiates it with ancient models. This chapter will give me an opportunity to understand e-commerce so as to apply it in supply chain management. Geunes researches on the application of supply chain and e-commerce in an organization. The book provides answers to my research questions because it expounds on the benefits of integrating e-commerce and supply chain management and the benefits that result from this integration. Rekha further has explored the impacts of e-commerce on supply chain management. He has highlighted and provided insightful thoughts that will greatly assist me in my final project. Therefore, i belive that this journal will help me achieve my

Essay Example | Topics and Well Written Essays - 750 words - 66

Essay Example As a function of this dynamic, this brief analysis will seek to discuss the ways in which non-state combatants are viewed within the modern context, the ways in which the letter of the law of the Geneva Convention’s framework necessarily deals with such individuals, and the outlook for the future that will likely exist with relation to a more widespread inclusion of non-state combatants within the umbrella of human protection and recognition that the Geneva Convention necessarily affords. With respect to the first topic, one need not look far in order to recognize the way in which al Qaeda most certainly fulfills the role of a non-state combatant within the current geo-political model (Zelikow 6). As such, countries such as the United States have had more than a difficult time determining in what ways captured al Qaeda fighters should be dealt with. Due to the fact that al Qaeda fighters are intrinsically related to terrorism and the non-state struggle of radical Islamic ideology, nations that capture their fighters do not have clear options for which to deal with these individuals. For the most part, rehabilitation is not an option. In the same way, keeping them confined without trial is openly problematic (Yoo 141). Likewise, trying them under martial or civilian court systems prove to be highly problematic due to the fact that by doing so, the state in question (prosecution) would have to engender the defendants with a degree of rights and privileges that are inco nsistent with the forces they represent or the jurisdiction that they ultimately engaged in the act of violence/theater of war. With regards to the way in which the Geneva Convention deals with such individuals as have been described, the fact of the matter is that it does not. Naturally, if a codicil to the Geneva Convention had been included that specified the way in which states could and should deal with non-state actors and members of

The culture of an international non-profit organisation Essay

The culture of an international non-profit organisation - Essay Example This essay using the cultural web analyzes the culture of a non-profit (referred to here as Company X). Company X is a not-for-profit organisation founded in 1981 in the United States as a charity aimed at improving the lives of children and families. Over its 20 years the company’s mission has narrowed to or become more specific targeting early childhood care and education, children’s rights and grassroots community development. Company X is currently headquartered in California in the United States but has a presence in five continents as follows: Africa – Kenya, Zimbabwe and Ghana; Asia – India and Nepal; Europe – Norway, South America – Chile and North America – the U.S. Company X primarily obtains its operating resources from individual and corporate donations predominantly from within the US. To supplement this funding, Company X owns and runs two exclusive pre-schools in California that boast of an enviable waitlist as well as f our other high cost pre-schools in the same state. Over and above this, the non-profit has offered and continues to offer consultancy services on early childhood care and education at very competitive rates to other non-profits, for-profit corporations and even governments such as the government of Singapore, Ecuador and even the state of California as another source of funding. The local chapters in Africa and Asia have wholly been dependent on obtaining slices of the US funding â€Å"pie† to sustain their programs. ... To supplement this funding, Company X owns and runs two exclusive pre-schools in California that boast of an enviable waitlist as well as four other high cost pre-schools in the same state. Over and above this, the non-profit has offered and continues to offer consultancy services on early childhood care and education at very competitive rates to other non-profits, for-profit corporations and even governments such as the government of Singapore, Ecuador and even the state of California as another source of funding. The local chapters in Africa and Asia have wholly been dependent on obtaining slices of the US funding â€Å"pie† to sustain their programs. However, with the global recession of 2008 hitting the US funding base, Company X has been pushing for heads of its global chapters to source for local funding to sustain their programs. Company X has been implementing this slowly over the last three years through activities such as the following. First it has instituted greate r controls, monitoring and reporting over all funds disbursed. Then it demanded that each chapter develop their own five year strategic plan which will show how they will increasingly source their own funding. Thirdly, from 2009 Company X reduced its funding by 10 to 15 per cent depending on their projections over which local chapters had better odds of fundraising depending on the economic condition of that host country. The problem though is that to date none has successfully fundraised. With the economies of Europe and America, poor for the former and sluggish for the latter, the typical donors that Company X relied on have tightened their purses as they cautiously weigh their own investments. This coupled with the rising economies of

STEEP Analysis Tourism Industry

STEEP Analysis Tourism Industry In the last half of the twentieth century, the first location for gambling tourism was established in Nevada, U.S.A. The distinctive of this tourism is a combination of the peculiar geography of Nevadan region with the benefits of the federal system and their own individualistic esprit to form a prosperous economy. The development of the gambling industry became the main growth factor for Las Vegas and Reno until the present time. Underlying this new economy is the evolution of the tourist business, stimulated by the expansion of legalized gambling. After much ambivalence to social policy for the first seventy years, Nevada then led the way for the next fifty years in making acceptable, a business that was widely regarded elsewhere as socially improper (Hulse, 2004). As the number of jurisdictions offering gambling tourism increases, both the response of potential tourists and the response of competing destinations will change. Gambling has long been recognized as a tourist attraction. Gambling first played a significant role at the spa resorts of the 18th and 19th centuries (Sethi, 1999). Members of the elite who frequented these resorts demanded amusements to occupy the time between treatments. The foundation of gambling amusements consist of food, socialization and games. Las Vegas is the prime example of gambling tourism, where the central interest of gambling is surrounded with a host of tourist activities. To describe the growth of gambling tourism, it has been based on the elements of providing the activities in the same area where the gambling is located. Casinos and other gambling facilities are mainly treated as part of touristic entertainment culture and as products for promoting tourism (Cochrane, 2008). In particular, the explosive growth in gambling in Macau is based on the pent up demand for gambling outlets from the Mainland Chinese. Moreover, Singapore is the latest country announcing plans for the introduction of gambling tourism by the construction of a huge casino and associated gambling facilities (Conrady Buck, 2008). In their book Tourism in Destination Community Singh S., Timothy D. and Dowling R. (2003) outline that a typology of Tourism-Host Community Relationships. This typology is based on assessing the relationship that exists between tourism and the destination community. There are four possible theories are win-win, win-lose, lose-win and lose-lose. Gambling Tourism is categorized in lose-win. The reason for this is the community loses while tourism gains the benefits. The side effects of gaming or gambling are the fabric of communities both in physical terms of areas which are pulled down to make way for more casinos and also the increasing social problems such as addiction and crime. Conversely, tourism gains as all inclusive packages of gambling, entertainment, shopping and accommodation are offered to potential visitors. This assessment will attempt to show the STEEP analysis of the current gambling tourism. Then it will look into a possible three scenarios with critically assessment based on time which is short, middle and long range future. Finally, the conclusion will explain stakeholder responses for sustainability of gambling tourism. 2. STEEP ANALYSIS 2.1. (S)ocial Impact For many people, gambling could be lawful part of their leisure and recreation activities where most of them are becoming gamblers who have a responsible manner and enjoy gambling as entertainment (MCG, 2008). On the other hand, this kind of entertainment could be a cause of serious problems for themselves which impact on their families and the community. Regarding the social impact of gambling tourism, the activity often has been associated with organized crime, domestic violence, health problems and bankruptcy which may impact on both the local people and tourists from their addictive behaviors (Ivanova Atanasova, 2009). From the negative perceptions of gambling tourism among local residents and tourists, they can be divided into the impact on individuals and the impact on relationships as follow (AIGR, 2001): Impacts on individuals The first impact is crime and health problems. Gambling is definitely vulnerable to crime, of which the major crimes might be fraud and money laundering and less major crimes could be cheating and begging. The range of crime can start from petty theft, shoplifting, forging signatures for financial gain, to robbery, embezzlement, misappropriation, drug trafficking, burglary to armed robbery. Loan shark lending has also been established as having a significant relationship with gambling related criminal activity such as physical harassment and violence being directed towards the gambler. For the health problems, gambling has been negatively associated with a variety of personal ailments such as depression, anxiety, suicide and general ill-health. For example, in 1999 Australian national client survey found the following results in relation to people with gambling problems as (AIGR, 2001): 95.6% suffered from depression; 57.8% seriously considered suicide due to gambling; 13.6% attempted suicide; 99% suffered from guilt due to gambling; and 97% had control problems, that is, they would like to stop but cant. Impacts on relationships The second impact is the affects of problem gambling on interpersonal relationships with parents, children, partners, friends, work colleagues, and the general community. Some of the main difficulties problem gamblers have experienced in their inter-personal relationships are, not having enough time for family, the break-up of relationships, break-ups leading to be split-ups, losing contact with children, violent behavior due to gambling and family arguments over money. 2. 2. (T)echnological Impact Technological developments in gambling are rapidly growing in prevalence around the world. The aim of the developments is to make it convenient to gamblers and easier to access betting games. Nowadays home gambling is preferable for gamblers. Due to the fact that there are several gambling technologies which offer more options, opportunities and temptations. The most distinctive would be online gambling on internet. The nature of cyberspace, has no geographic boundaries. Therefore a player can stay at home and conduct cross-border gambling with server who is located in other countries. The advent of online betting is to provide a variety of games such as blackjack, baccarat, and roulette as well as sports betting and to participate in lottery draws. Moreover, players can enter the virtual casino very easily by personal computers for leisure activities, prizes or money. While gambling opportunities are expanding by internet technology, the effects may stimulate an increasing demand for gambling services. According to the Australian Institute of Criminology: Trends Issues in Crime and Criminal Justice (1998) has identified that cyber betting reduce the income of location based gambling industries in terms of detrimental consequences for employment in hotels and clubs. Another possibility, online gambling often occurs in an unregulated manner and effects the feeling of security for the players. However, there are increasing secure on-line financial transactions. Then again, the present trend of Internet betting is casino-style. As a result, many gambling operators are located in countries with relaxed or nonexistent gambling legislation and tax regulations such as Liechtenstein, Antigua, the Cook Islands and the Dominican Republic (Grant Chapman, 1998). 2.3. (E)conomic Impact In every country that has gambling as a legal industry there are both positive and negative effects in the economic impact because the government gets revenue from the tourism, but they also have to take responsibility for the negative effects. For the positive impact, there is an increase in economic development, increase employment, tax revenues, and also increase the number of tourists who accept gambling has become their leisure activity. Governments have to support the development of the gambling industry as driven mainly because of economic need and the generated taxation revenues (Ivanova Atanasova, 2009). Many countries have made gambling a legal industry because they can benefit from gambling which can be highly profitable. To point out that it creates employment, provides high revenues through generating additional taxation and leads to improvement in infrastructure are all positive effects of many countries that are supporting gambling tourism development (Pahor, n.d.). F or example; in the case of Atlantic City, New Jersey, in the United States, the primary purpose of casino gaming was to redevelop the tourist and convention facilities and to improve the infrastructure and tourism capacity (Dunstan, 1997). On the other hand, the negative effects that gambling is closely related to crime, social pathologies and social interruption which government has to respond to with all these effects (Pahor, n.d.). From all these reasons, they show why the heavy social and economic damages caused by the casinos should not be undervalued. For instance, the statistics from Nevada, whose economy is extremely dependent on the gambling industry, are alarming. It has the highest suicide rate in the USA, the highest accident rate (per mile driven) and also the highest rates of crime and school drop out (IVLV, 2010). The legality of the gambling industry and the growing access such as facilities in the current decade has also presented a significant health threat to the local population, mostly in the gambling addiction group. The Australian Productivity Commission research found that the health and social costs of gambling can include (AIGR, 2001): Financial costs (family debts and bankruptcy) Effects on productivity and employment Crime (theft, court cases and imprisonment) Personal and family impacts (divorce and separation, depression and suicide) Treatment costs. 2.4. (E)nvironmental Impact It is essential to examine how the environment is influenced by the gambling sector. For creating a sustainable tourism gambling sector, it is necessary to begin close cooperation with the Environmental Planning Group (EPG). According to Roe, Leader-Williams Dalal Clyton, EPG is focused on environmental planning, resource management and utilization issues. This organisation is oriented on policy-making processes and strategic planning for sustainable development (Roe, Leader-Williams Dalan Clyton, 1997). Moreover, the environment should be monitored continuously as the changes which may occur due to misuse of resources may lead to serious natural disasters (Miller and Twinning-Ward, p. 51). There are famous gambling places in the world such as Nevada, Atlantic City and Monte Carlo. The last city is described by McMillen, 2005 as a model for stimulating regional development which fuelled the proliferation of resort casinos throughout Europe in the middle of 19th century. As gambling attracts wealthy people, it provided a boost to the growth of tourism facilities and infrastructure (McMillen, 2005, p. 243). Since that time the Rivera became a famous place for both rich Europeans and Americans to spend their holidays gambling. As an example the Casino de Monte Carlo became world famous and even the most profitable casino (McMillen, 2005, p. 243) in the whole of Europe. Nevada is the most famous gambling place on the western coast in U.S.A., for example, casinos in Nevada offer full-service resort style holiday (Report to the Nevada Department of Human Resources, 2002, p.13). According to the California Research Bureau, 1995, it was the first city in USA where casino gambling was legalized. (Appendix 1) In comparison with Nevada, Atlantic City is known as the gambling city on the American east coast. The gambling industry in Atlantic City had its inception in 1978 (Braunlich, 1996). This year went down in history as the end of Nevadas virtual monopoly of casino-style gambling (Shonkwiller, 1993). 2.5. (P)olitical Impact In terms of gambling in a reversal of American values, this refers to an ideology of hedonistic consumerism (McMillen, 1996). Therefore gambling tourism as a part of the tourists feelings should be independent of other recreational activities. However, the real gambling industry around the world is controlled by laws, regulations and policies in each destination. In the book Gambling: Views from the Social Sciences by Frey, James H. and Eadington (1984) has also identified that restrictions in gambling are created by laws, for the purpose of protecting the weak minority of compulsive gamblers, as well as, to limit the freedom of choice of the majority. Furthermore the forms of gambling, for instance, lotteries, wagering on racing and charitable gambling are associated with the impacts of local markets, tourism and tourism development especially casino gambling (Pearce Butler, 2002). Due to the fact that a casino operation is related with several national and state jurisdictions. In a part of the local community, gambling represents the ultimate in export-based activities such as appropriating local taxes from casino operators and the direct, indirect and induced impacts of local casino based expenditures. The division of national or government responsibilities also related with the import of tax income and re-exportation of the all negative externalities (Felsenstein Freeman, 2002). These involve gamblers and the nation, for example, gambling induced-addiction, bankruptcy and reduced productivity. Scenario Assortment 3.1. The Short Range Future (next 5 years) The present society acceptance of gambling is a legitimate customer pursuit. In addition there are many newly increased technologies aimmed at bringing gambling into the home. As a result, the future of gambling becomes more localized and less tourist-oriented (Pearce Butler, 1999). 3.1.1 The history of next generation technology In the next 5 years, gambling, internet and touch screen television will be making a new modern world history for the next generation together (Hofex, 2008) which has developed from online gambling tourism and hi-technology facilities. Due to the fact that gambling as a popular leisure and recreation activity coupled with technology which is changing all the time, Interactive touch screen television (ItouchTV) is a convenient facility for betting activities from the comfort of both local communities and tourists places where there are hotels or airplanes. Wherever they are in the gambling tourism destination, Interactive touch screen TV gambling could allow gamblers to place bets by using their fingertip and also directly from their accounts accessed while playing in the casino. Interactive betting through this service is available for every debit and credit world wide accounts such as AMEX, Visa, Master Card and PayPal which account holders can also manage their account, deposit fun ds and check transaction history on ItouchTV (Commonwealth of Australia., 2009). ItouchTV will be developed in every types of interactive gambling include normal events like singing contests or the Oscars through digital pay television and digital free-to-air television service of these gambling destinations. 3.1.2 Critical Assessment for Sustainability Combined with modern technology and sustainable tourism, it can be predicted that addictive behavior will develop for the next generation of gamblers. As gambling and hi-technology TV prepare for a shared future, the number of young gamblers will be increased rapidly because of the ability to access technology at their place easily whether they are local people or tourists. The future social problems will be over represented by gamblers who are under 30 years (Chapman, 1998) because this group of people are fascinated by computer technology and highly literate in its application. Although new modern gambling tourism will much more popular to the next generation of gamblers, it is a new challenge for the government and the private sectors to minimize harm from addictive behaviors and the future social results by offering service providers the abilities of self-exclusion or self-setting betting limits and set the regulation to control the future impact. Under the act, the effectiveness of regulation in the term of prevention and treatment program will be affected to the number of youth gamblers, social gambling impacts and high number of addictive behaviors which all of them have to be decreased. 3.2. The Middle Range Future (next 10 years) To enhance a trend of gambling at home, the gambling industry needs to provide an innovation. This is the reason why there is a variety of new betting games development on the internet to satisfy different customer needs. Whereas gambling forms would not provide a novelty experience if the government had a monopoly ownership in the gambling industry. 3.2.1 Government Gambling versus Privatizing Gambling At this point in time, there are many countries which have granted themselves a monopoly over the gambling marketplace. There are government monopolies of gambling operations and the quality of gambling tourism industry by limiting competitors and maintaining high prices. According to National Gambling Impact Study Commission (1999a) identified the government determines the level and type of competition to be permitted such as granting, amending, and revoking monopolies, and restricting or enhancing competition almost at will. These are also the keys determinants of various industries potential profits and losses. This paper agrees with this and believes consequently it is to limit entrants to a marketplace and new customers can be eliminated. Moreover, private enterprises with diminished competition have reduced incentives to offer a variety of gambling services. It may effect the quality of the products as well. Generally, government-owned gambling operations maintain the objectives for the good of the public. It contrasts with regulations and the principle beneficiary of gambling activities. Due to the fact that the increased public demand also affects high social spending, this pressures governments to spend more of their budgets without increasing personal income taxes. Furthermore, the government would be responsible for the investment budgets of gambling business. While the gambling business is not always successful, so the government risks financial losses. In addition, legalized gambling tourism should be conducted by the private sectors in the future. Because non-government firms have strong incentives to provide better services at reasonable prices. Therefore privatizations lead to better efficiency and the wider availability of products and services. If being unprofitable or closing business, investors ought to be responsible for all losses. In order for business ventures to operate at the expense of the taxplayers, companies must provide reasonably priced products to customers. Alternatively, government is not responsible for any risks of business operations. 3.2.2 Critical Assessment for Sustainability It cannot be denied that government performance is a significant influence for gambling tourism sustainability. There are three possible ways to manage gambling industry. Firstly government may enforce more gambling prohibitions by policing and legislation. Secondly government may permit the operation of private social gambling and open to overseas investment. Thirdly government owns and operates gambling operations as public enterprises. This paper believes public enterprises can enhance gambling industry efficiently in the next 10 years. Casinos in The United States, for example, are organized privatisation as public enterprises: owned by government and operated by the private sector such as casino gaming on ships, casinos on Indian reserves and a combination of destination and casinos which offer a variety of amenities including accommodations and entertainment (Basham White, 2002). The Long Range Future (next 20 years) Nowadays space tourism is not science fiction any more but a luxury leisure activity for the wealthiest people on the planet. It is not only an expensive journey for so-called space tourists but also an important new target for the space industry (Collins, 2006). Collins, 2006 predicted that at a growth rate of some 100,000 passengers per year, the business could reach 700,000 passengers per year by 2017, at a price of about $25,000 per a passenger. Taking into consideration the long-term scenario, 20 years from the present time, tourism activities could have grown to a scale of $100 billion per year which would create millions of job (Collins, 2006). Space tourism will play major role as this recreation activity will bring around $1trillion greater than the value of continued taxpayer funding of space agencies activities without developing space tourism (Collins, 2006). Thus, it is clearly seen the huge capacity for space tourism market. Moreover, the long-term prediction is based on the assumption that gambling will work closely with space tourism industry. Commercial space passengers will have the opportunity to get access to gambling facilities while they are travelling in the cosmic expanse. Future aircrafts will be equipped with the most modern gambling machines and also there would be interactive connection with the Earth planet which will allow the opportunity to space tourists to bet on the races (as example) being held somewhere on the Earth. This prediction is realistic as human nature has a natural penchant to play, risk and competition (Griffiths Delfabbro, 2002, p.5) as well as gambling gives the opportunity to escape from the routine everyday life and take on a new role. In addition most of the wealthy people will always be looking for new kinds of entertainment, so they will be satisfied with the new gamblings offer. 3.3.1. Critical Assessment for Sustainability The major stakeholders such as space tourism association should create efficient sustainable tourism system which will guarantee the harmonious development of space tourism avoiding of severe abuse of space. Also innovations should be implemented gradually and consciously. There are should be no desire to get large revenue as the main goal for space tourism association must be sustainable space study. The reason of organising space tours should be the opportunity to promote the space to the masses. Community should be more educated about space as space tourism may get people interested to learn more about that sector which is still unexplored. Conclusion In conclusion, gambling Tourism has a long history development since twentieth centuries. Although gambling is a public acceptance as recreational activities, but the effects of betting tourism are still controversial issues. The main dilemma of gambling can be analyzed into social, technology, economic, environment and political impacts. Social problems affect both individuals and relationships, for instances, depression, suicide, losing contacts with friends and family. A part of technology analysis, globalization has a big influence of technology development. Gambling at home is a preferable trend of customers, which stress on internet or online betting. The consequence of cyber betting is to reduce the income of location based gambling industries in term of detrimental consequences for employment in hotels and clubs (McMillen, Grabosky, 1998). Alternatively, gambling industry boosts the nation economy tax revenues, increasing amount of tourists and also provide a large numbers of jobs. This reason why government enlarge gambling services to be more attractive especially focusing on environment in term of location and atmosphere by gathering amenities, hotels and entertainment. While political impacts can restrict gamblers pursuits by policies and regulations. Because restrictions of gambling are created by laws f or the purpose of protecting the weak minority of compulsive gamblers as well as limit the freedom of choice of the majority (Frey Eadington, 1984). According to STEEP analysis as above, three possible scenarios were predicted based on time which is consists of short, middle and long range future. The short term prediction believes the next 5 years tend is still home gambling. And also technology development on gaming is prevalence around the world namely Interactive Touch Screen Television (ItouchTV). People will gamble directly on television at home, hotel or airplane. As a result, the future of gambling becomes more localized and less tourist-oriented (Pearce Butler, 1999). While a number of young gamblers are rising as well as social problems such as bankruptcy, depression and gambling addiction. For the middle future assumption, privatizing gambling would be occurred in the next gambling industry. Due to the fact that the efficiency of private sectors can enhances this industry for sustainability. With novelty experiences of privatization offer difference services which satisfy more customer needs, comparing the former management of government monopolized gambling industry. In spite of this, organizing privatisation as public enterprises would be the next 10 years of betting tourism management which refers to owned by government and operated by the private sector. A joint tourism between space and gambling is possibly exposed in the next 20 years. Due to a growth rate of space tourism prediction, it illustrates there are 100,000 passengers per year, the business could reach 700,000 passengers per year by 2017, at a price of about $25,000 per a passenger (Collins, 2006). Then again, the reason of interactive touch screen technology could provide a possibility of space gambling, for example, gambling in a rocket. Over all, the distinctive stakeholder of gambling tourism is government. The reason of this is gambling industry is related with laws, regulations and policies directly. Furthermore, betting business is an ethical issue of individuals and society. Although there are many benefits of this tourism, but also there are several side effects especially social problems as above. This reasons why to do business in gambling tourism industry, will need to consider carefully. List of References Australian Institute for Gambling Research (AIGR). (2001). Social and economic impacts of gambling in New Zealand. Retrieved September 2, 2010, from www.aigr.uws.edu.au Basham, P. and White, K. (2002). Gambling with Our Future?: The Costs and Benefits of Legalized Gambling. The Fraser Institute, Vancouver, CA Braunlich, C. G. (1996). Lessons from the Atlantic City Casino Experience. Journal of travel research. 34(3). 46-56. Chapman, G. S. (1998). Gambling and the internet An Australian overview. Retrieved September 16, 2010, from http://www.aic.gov.au/events/aic%20upcoming%20events/1998/ ~/media/conferences/gambling/chapman.ashx Cochrane, J. (2008). Asian Tourism: Growth and Change. Elsevier Ltd., Amsterdam, Netherland. Collins, P. (2006). The Space Tourism Industry in 2030. Proceedings of Space 2000: The Seventh International Conference and Exposition on Engineering, Construction, Operations, and Business in Space. Commonwealth of Australia. (2009). Digital Interactive TV. Retrieved September 16, 2010, from http://www.fahcsia.gov.au/sa/gamblingdrugs/pubs/review_trends/Documents/chap6.htm Conrady, R. and Buck, M. (2008). Trends and Issues in Global Tourism. Springer, Verlag Berlin Heidelberg. Dunstan, R. (1997). Gambling in California. RetrievedÂÂ  September 1, 2010, from http://www.library.ca.gov/crb/97/03/crb97003.html#toc Felsenstein, D. and Freeman, D. (2002). Chapter 6 Gambling on the Border: Casinos, Tourism development, and the prisoners Dilemma. Tourism in Frontier Areas. Lexington Books, Maryland, U.S.A. Frey, J. H. and Eadington W. R. (1984). The Casino Gambling Industry: A Study of political Economy. Gambling: Views from the Social Sciences. Sage Publications, Beverly Hills, California. Grant Chapman (1998). The Australian Institute for Gambling Research / Australian Institute of Criminology Conference on Gambling, Technology and Society. Home Gambling: An Australia Perspective. Retrieved August 9, 2010, from http://www.pc.gov.au/data/assets /pdf_file/0010/49582/sub023.pdf Griffiths, M. and Delfabbro, P. (2002). The Biopsychosocial Approach to Gambling: Contextual Factors in Research and Clinical Interventions. The electronic journal of gambling issues. Hofex, M. (2008). Gambling on TV with a little help from the internet. Retrieved September 16, 2010, from http://www.gamblingplanet.org/GP_editorial_200508a Hulse, J. W. (2004). The Silver State: Nevadas Heritage Reinterpreted. University of Nevada Press, Reno, Nevada. Insider Viewpoint of Las Vegas (IVLV). (2010). Nevada Facts and Statistics. RetrievedÂÂ  September 10, 2010, from http://www.insidervlv.com/didyouknow.html Ivanova, A. and Atanasova, S. (2009). Gambling Tourism in Bulgaria. Retrieved September 1, 2010, from http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1523211 McMillen, J. and Grabosky, P. (1998). Internet Gambling. Australian Institute of Criminology: Trends Issues in Crime and Criminal Justice. 88, 1-6. McMillen, J. (1996). Gambling Cultures: Studies in History and Interpretation. (1st ed.). Routledge, London. McMillen, J. (2005). Gambling Cultures: studies in history and interpretation. From glamour to grid: the globalization of casinos, 240-246. Miller, G. and Twining- Ward L. Monitoring as an Approach to Sustainable Tourism. Tourism Futures, 51-64. Ministerial Council on Gambling (MCG). (2008). National Framework on Problem Gambling. Retrieved September 2, 2010, from www.facs.gov.au National Gambling Impact Study Commission [NGISC]. (1999a). Executive Summary. U.S.A. Pahor, M. (n.d.). The impact of gambling on social and economic environment in Nova Gorica.ÂÂ  RetrievedÂÂ  September 1, 2010, from http://www.fuds.si/media/pdf/organizacija/ nova.gorica.pahor_.pdf Pearce, D. G. and Butler, R. W. (1999). Contemporary Issues in Tourism Development. Routledge, Canada. Pearce, D. G. and Butler, R.W. (2002). The Spread of Casinos and their Role in Tourism Development. Contemporary Issues in Tourism Development. Routledge, London and New York. Report to the Nevada Department of Human Resources, 2002. Gambling and problem gambling in Nevada, 13-25. Roe, D., Williams, N. and Dalan, C. B. (1997). Take only photographs leave only footprints. IIED Wildlife and Development Series, 10. Sethi P. (1999). Tourism: The Next Generation. J.L. Kumar for Anmol Publications Pvt. Ltd., New Delhi. Shonkwiler, J. C. (1993). Assessing the impact of Atlantic City casinos on Nevada gaming revenues. Atlantic Economic Journal, 21(2), 50-61. Singh S., Timothy D. and Dowling R. (2003). Tourism in Destination Community. AMA DataSet Ltd, United Kingdom.

A Window into Adolescent Literacy Essay -- Literary Analysis, Wise, Sc

Over the course of the 21st century, there has been a steady decline in the rate of high school graduates. With such an important factor to the success of adolescents, school administrations have begun to take notice of such unacceptable findings. In this process they have attempted to understand the needs of our youth and the methods that give them the opportunity to become better readers, writers and overall students. To these young individuals, these years of development are pivotal to there success as adults. Educators must work together with the student to understand their individual forms of learning, not every student is the same and must be given the opportunity to learn no matter what the circumstance might be. The years prior to when an individual reaches the opportunity to attend college, is one of much importance. Especially when it comes to Literacy, this alone spreads into all subject areas. Literacy should be considered one of the most important aspects of a student’s career, if not the most important. Research by Bob Wise (2009) suggests that the main problem in today’s districts is that a good amount of administrations believe that literacy comes after school reform on the list of important topics. The belief is that the problem is not associated to all adolescents; therefore it should be the responsibility of the English teachers. The problem there is that students start to fall behind in all subjects and many end up having to repeat grade levels. Teachers in all subject areas should put a strong emphasis on literacy, and when the student starts to struggle, there responsibility should be to refer them to extra help or provide assistance themselves, its never benefi cial for the student if the educators belie... ...g, you don’t learn it, you absorb it. You don’t even realize it because it’s such a joyful feeling that it just sticks with you. You want to learn more about it and in the process you pursue as much information as you possibly can. I honestly believe that in this new era of social networking, the students I teach one day will have better literacy skills then I did at their age. They are constantly bombarded by messaging, texting, emailing etc†¦ It’s our job to understand them and take the fundamental values of literacy, combine it with our own instruction, and then implemented with there own interests and give these students all a better opportunity at learning. It sounds like plenty of work for educators, but we should not look at it as work, but more of passion to teach these students the fundamental values of literacy, which will one day, provide them success.

Cold Equations

1. ) What does the pilot want? To save the girl. 2. ) Is the pilot likely to succeed? Most likely not because by doing so he would kill others. 3. )What does the sister want? She wants to live. 4. ) Is the sister likely to succeed? I doubt it cause of there being a law and there seems theers no other way then her diying. 5. ) What does the government want? For the girl to be thrown off the ship. 6. ) Is the government likely to succeed? I belive so. 7. ) What should happen? The girl should be saved. 8. ) What will happen? The girl will most likely die. 9. )Is the pilot a â€Å"good† person or a â€Å"bad† person?Explain. The pio;t is a good person because he truly wants to save the girl but under the surcanstances he knows he can’t. 10. ) Is the sister a â€Å"good† person or a â€Å"bad† person? Explain. The sister is a good person because over all she didn’t mean to have all this happen to her she was just innocent to the knowlage of the la w. 11. ) Is the government â€Å"good† or â€Å"bad†? Explain. It is good it is just doing what it has to do . 12. ) What does the title refer to? It mearns that all the math is saying that he girl must die even though its not very just. 13. ) Is this story scary? Sad? Funny? Something else? Explain.I think it is sasd because of a iniocent girl having to die. 14. ) What does the author want me to think or feel? I geuss sad. 15. ) What is the central idea of this story? That this girl is a stole away but theres not enough fuel to carry them all safely so they must throw here overboard even it its not very humanly . 16. ) What might different people do in this situation? Mabey if it was a different pilot he would have already thrown her into spaceor mabey found away to save her. If it was a different girl she may have just accepted what she did an go overboared or she could have found away to save herself.

Dietary Supplements Report Essay

Dietary supplements are products intended for ingestion as supplements to the diet. Dietary supplements can have vitamins, herbs, enzymes, extracts, plant substances, amino acids, botanicals, and concentrates. Supplements are beneficial to the body because they can enhance the nutrients in foods, aid in weight loss, provide energy, cure illnesses, optimize health, and protect against diseases. If a person does not consume enough nutrients because of a disease or eating habits dietary supplements are extremely beneficial. There are certain groups that benefit most from dietary supplements; pregnant women, vegetarians, dieters, and the elderly. An increase of folic acid and iron is needed to reduce the risk of defects and prevent anemia. Vegetarians should take vitamin B12 because they do not eat animal foods which contain more vitamin B12 than any other food source. If a person eats less than 1200 calories when on a diet, they will not get the amount of nutrients needed. If dieters take a multi-vitamin they will meet the daily recommendations for nutrients. Anyone over the age of 50 should take calcium, Vitamin D, and B12 to maintain a healthy life. Calcium and vitamin D will help keep the bones strong, lower blood pressure, and prevent diseases like osteoporosis and multiple sclerosis. Vitamin B12 will promote heart health and fight fatigue. There are many risks when taking dietary supplements. Dietary supplements are not regulated or tested by the U. S. Food and Drug Administration (FDA) for side effects before they are available to consumers (â€Å"The skinny on dietary supplements,† 2008). Dietary supplements are also harmful because they contain chemicals that can be harmful. Some supplements contain non-essential hormones and enzymes. Dietary supplements may cause medications, over-the-counter or prescribed, to work differently or not at all. When taking any supplement it is important to read the label and ask a physician before taking the supplement to reduce chances of toxicity. Many people think dietary supplements provide all the nutrients needed to support a healthy diet; they are only part of a ealthy diet (Grosvenor, 2006). As stated earlier, the government does not regulate dietary supplements as they do other foods and drugs (â€Å"U. S. Food and Drug Administration: Dietary Supplements†, 2013). In 1994 the government created the Dietary Supplement Health and Education Act of 1994 (DSHEA). The act states manufacturers are responsible for ensuring the product is safe before it is put on the market. If the product is unsafe after it is on the market the FDA is responsible for taking action to correct the issue. The FDA is responsible for providing product information and literature. It is the manufacturer’s responsibility to ensure all ingredients are listed on the labels of the product and the information is true. The manufacturer has to submit reports for any supplement that has any type of negative reaction. The FDA implemented a Dietary Supplement Current Good Manufacturing Practice (CGMPs) that all personnel in the company must follow to ensure quality control. Supplements are needed by people with life-threatening diseases like kidney failure. People that have kidney failure, depending on the type of dialysis they use, peritoneal or hemodialysis. Peritoneal dialysis uses osmosis and diffusion through the peritoneal cavity to remove waste and fluid; this process causes a lack of potassium, magnesium, and phosphorus. Hemodialysis uses an artificial kidney to remove wastes and fluids from the blood; this process causes a lack of phosphorus, iron, and epogen. The common bond between both types of dialysis is the lack of phosphorus. Phosphorus supplements are used to strengthen the bones of dialysis patients, prevent renal bone disease, and keep the heart healthy. The dose varies from patient to patient, depending on the food intake. If the patient does not take the prescribed dose they experience many different effects. If too much of the phosphorus supplement is ingested, itching will occur. If not enough phosphorus is ingested, weakness will occur and bones will begin to get brittle causing them to break.

the invention of the earliest camera, technology has rapidly advanced the field of photography, bringing change and improvement to almost every aspect of the art. The WritePass Journal

the invention of the earliest camera, technology has rapidly advanced the field of photography, bringing change and improvement to almost every aspect of the art. Introduction the invention of the earliest camera, technology has rapidly advanced the field of photography, bringing change and improvement to almost every aspect of the art. IntroductionWhat is an SLRFilm or DigitalReferencesRelated Introduction Ever since the invention of the earliest camera, technology has rapidly advanced the field of photography, bringing change and improvement to almost every aspect of the art. However, despite all the technological improvements, pocket sized cameras, night vision modes, face and smile recognition facilities that the new age digital cameras have to offer, one sees that almost any camera store worth its salt still stocks single lens reflex cameras (SLRs). Despite the fact that many dismiss these devices as archaic and obsolete, quite a few professional photographers still opt for and recommend SLRs to others over point and shoot cameras. A novice buyer has no idea whether to opt for a digital point and shoot or a film SLR or DSLR and is unable to decide which one would best serve his or her purpose within their budget. To shed some light on this topic, the pros and cons of a 35 mm SLR over other film formats and image capturing systems have been detailed in this article. What is an SLR An SLR or Single Lens Reflex camera is one that has a ‘reflex mirror’ which allows the user to directly view the image being shot through the lens of the camera (Rowse2007). In simpler words, unlike other cameras which have a viewing system different from the lens of the camera, the SLR has only one viewing system and allows the user to see exactly what is being photographed through the viewfinder. SLR or Point and Shoot While deciding which camera one needs to buy, one needs to balance utility with price to choose a camera perfectly suited to their needs. Both SLRs and point and shoots have their own strengths and weaknesses with respect to each other. For example, SLRs have much faster shutter speeds than point and shoot cameras. This can duly be adjusted for the film being used and the abundance of light, giving the photographer multiple options for using high speed films (greater ISO) without risking grainy output in the photographs. Also, there is an almost negligible time lag between when the shutter is pressed and the film is exposed, giving the photographer a better opportunity of capturing the perfect moment even with a moving subject. Such is not the case with point and shoot cameras. Both digital and film PS cameras have a time lag between when the shutter button is clicked and the sensor or film is exposed. This renders them more or less useless for anything but still photography and memo ries with orchestrated poses. An SLR allows the user to control almost every aspect of photography. He can adjust the light entering through the aperture, the speed of the film, the duration for which the shutter exposes the film, the focus of the image and even the kind of lens being used. Even the best of the point and shoot cameras can’t hold a candle to these features. The fact that the SLR allows for interchangeable lenses means that the photographer is ready for almost any kind of shot whether a close up, extreme close up, long or a wide shot. The lack of this feature sorely limits prospects with point and shoots. The quality of optics (lenses) in even the worst SLRs tops that in the best point and shoots cameras. The compatibility of these lenses with other camera bodies means that the investment in the lenses is not wasted if the camera body malfunctions. To upgrade, the photographer only needs to change the camera body, which itself is extremely durable compared to a point and shoot. However, an SLR also has certain limitations. One extremely limiting factor is the price of an SLR camera which is many times that of a point and shoot camera. Another prohibiting factor is the size and weight of SLR cameras. The weight of an SLR camera along with its lens kit filters, flash apparatus and tripod can make it pretty inconvenient to carry around and also, an SLR requires considerable setup time for the perfect shot to be taken. A point and shoot can be fit into the user’s pocket, whipped out when needed and is ready to capture images. Another issue with SLRs is maintenance. Considering that the SLR is highly dependent on its optics for performance, any smudges, fungus, dust or damage to the lens could prove quite expensive to rectify. Lenses have to be stored in moisture proof containers during humid seasons and are extremely expensive to clean or replace. Point and shoot cameras are operable by most laymen, while SLRs are quite complex and require the user to kn ow how to use the various features for them to be of any use. The lack of a live view in SLRs such as available in LCD point and shoot cameras make shots from difficult angles harder for the user. Many point and shoot cameras today possess LCD monitors that can be flipped outwards, making even the most difficult angles easy to shoot from. Film or Digital When one finally decides on the type of camera to buy, the image capturing format is still an issue to decide on. While quality of image capture in digital is categorized according to the megapixels per square inch of the sensor, film quality depends on the size. The prevailing formats of film today are 35mm, medium and large format. Despite rapid advancement in technology relevant to photography, the resolution offered by a 35mm film is still vastly superior to that of any digital camera. Practically, it would take a 25 Megapixel sensor to rival the quality of photographs that can be obtained from a 35 mm film (Ken Rockwell 2006). In terms of quality (of film formats available today), the large format film is unparalleled (Guide to Film Photography 2010). The most popular size of large film today is 45 inches; however, there are sizes of up to 2024 inch available in this format. With large film format, results are sharper, have a better tonality and are grain free (Luong 2011). Even 45 films have 13 times the resolution offered by 35 mm film. The drawbacks of the format are that the cameras required to use this film are bulky and extremely manual. Certain things that are taken for granted with even 35mm cameras such as avoiding fogged film and preventing double and non-exposures have to be manually done in these cameras. The equipment for such cameras is also quite bulky, making it inconvenient to carry and set up. Everything from setting up, photo composition, focus and exposure take a long time in such cameras. While medium film format (66 or 67 inches) is more convenient than large and offers better quality than 35mm film, it is also quite inconvenient as the film is more expensive to buy and process. Each roll can only fit 10 frames; the depth of field of such cameras is lesser than that in 35mm from certain angles and also, there are a limited number of the types of film available. Coming back to the debate of film versus digital, it is obvious that digital photography has a lot of ground to cover before it can match the quality of film. However, that being said, digital cameras have the advantage that the user can immediately preview the image after it is shot, thus there is no wastage of film in digital photography. The user only sees what went wrong with a shot after processing if they used film. There is only a one time expenditure on the digital camera, no expenditure on film, scanning or processing. However, once a photograph is taken at a set resolution in a digital camera, it can never be improved or blown up beyond that. A film camera is a cheaper investment than a digital camera and provides unparalleled resolution, warmth, texture and depth (Williams 2004). While there are many pros and cons to each image capturing system and format, the only way for a photographer to get the most out of any camera is to match the camera to their needs. Only then will they be able to produce the best pictures at the highest value for their money. References Luong, Q.T. 2004, Largeformatphotography.info (Web), viewed 03 May 2011, largeformatphotography.info/why.html Rowse, D. 2007, Digital Photography School (Web), viewed 03 May 2011, digital-photography-school.com/should-you-buy-a-dslr-or-point-and-shoot-digital-camera Williams, O. 2004, PhotoshopDesign.NET (Web), viewed 03 May 2011, photoshopdesign.net/ccopy/filmVSdigital.htm Anon 2006, KenRockwell.com (Web), viewed 03 May 2011, kenrockwell.com/tech/filmdig.htm

Structured Equity Derivatives Essay Example | Topics and Well Written Essays - 4000 words

Structured Equity Derivatives - Essay Example Leverage on equity returns over predetermined ranges. Limit or reduce downside exposure to the underlying equities. Even out, compensate or reduce transaction costs as part of multiple option sophisticated investing strategies. The term equity derivative essentially means a class of financial instruments whose value is at least partly derived from one or more underlying equity securities. Market participant's trade structured equity derivatives in order to transfer or transform certain risks associated the underlying. Options are by far the most common equity derivative; however there are many other types of equity derivatives that are actively traded. Ramaswami et al(2001) have lucidly described the concept of structured equity linked derivatives through the concept of Equity Linked Notes(ELNs).They state as follows, "An Equity-Linked Note (ELN) is an instrument that provides investors fixed income like principal protection together with equity market upside exposure. An ELN is stru ctured by combining the economics of a long call option on equity with a long discount bond position. The investment structure generally provides 100% principal protection. The coupon or final payment at maturity is determined by the appreciation of the underlying equity. The instrument is appropriate for conservative equity investors or fixed income investors who desire equity exposure with controlled risk". The figure below explains the profits at the expiration of a fully protected ELN . Current Industry Scenario Since their launch on the London Stock Exchange in 2005, Listed Structured Products have become popular and flexible investment tools for UK wealth managers and brokers. In there simplest form, they offer ETF like access to underlying that may be otherwise difficult or expensive to trade, such as commodities, emerging markets or property indices. The more structured products, such as Accelerators, provide enhanced upside participation with no worse than market risk. In addition they can reduce other risks, such as eliminating currency risk for non UK investments, or provide an element of capital protection in case of market falls. Another range of products are designed for Income seeking investors. These can offer high annual (or semi-annual or quarterly) coupon payments in return for giving away upside market participation. All Listed Structured Products enjoy the benefits of being traded directly on the London Stock Exchange. These include: Transparency:Live, two-way prices are maintained throughout the trading day Ease of trade:Products trade and settle via CREST as with UK equity Liquidity: Trades of 5m+ can be executed at prevailing market prices Flexibility: Min trade size of 1,000 makes products highly accessible Key Terminology:1 Trackers: Tracks an underlying asset (commodity, Halifax house price index, equity indices etc) Cost efficient means to trade an asset Diversify exposure across an index Stamp duty free Typically long-dated or indeed undated with an indefinite lifespan Reverse Trackers: An inverse relationship with the underlying asset Profit from downwards price movements in the underlying Stamp duty free Capital Protected: Exposure to underlying asset at fixed percentage Capital invested is protected at specified level Stamp duty free Yield Enhancement: Track underlying instrument without leveraged downside Can incorporate many different features which affect

Business-Level and Corporate-Level Strategies Essay - 13

Business-Level and Corporate-Level Strategies - Essay Example The operations carried out at America, China, and United Kingdom was very successful. It provides online shopping opportunity to its customers. Its main objective is to provide better life to its customers with the help of the donations in kind. Wal-Mart is managed by Walton family as it is a family owned business. It has around 2.2 million employees across the world. Corporate level mainly deals with framing the mission and vision of the organization and planning accordingly to reach the desired goal. It formulates different strategies which are required for attainment of objectives of the company. The Functional level objectives are derived from that of the corporate level. This level develops coordination between the corporate and business unit level. In this complex environment of the business, the strategies are required to be formulated. This strategy is very well defined as in this level the marketing strategy will be further divided between the sales. The strategy in this level helps in the attainment of functional objectives of the organization (Hoskisson, Hitt and Ireland, 2012). Strategic management is required for the growth of the organization. It helps in the formulation of effective business environment. Business strategy is compared and formulated with the five forces that build competition. The strategic position of the company can be determined by the business level strategy. Wal-Mart adopts competitive advantage by delivering unique product to its customers by providing a standardized product at a lowest competitive price. The company can select any one from the given strategies to gain competitive advantage by delivering uniqueness in the product and lowering down the cost. The retail industry focuses on the cost leadership strategy to sustain in the market and narrowing the competitive scope. When the company provides unique product the customers will be willing to pay a premium for the product. Corporate level refers to the strategy