Is unethical to lie during Negotiations Essay Example | Topics and Well Written Essays - 500 words

Is unethical to lie during Negotiations - Essay Example Considering the legal clauses and ethical considerations, there are many aspects that can be termed to be unethical but legal. For instance, if a broker states the history of a property only revealing its net worth, location and future value, and avoid describing the legal charges associated with the asset because the concerned party did not ask about it, it can be termed as unethical. However, this can be justified on the legal grounds. Therefore, in a few instances, such tactics can be legal as well as can be unethical, depending on the merit of the case and intentions. Being completely honest during negotiation, even after knowing the fact that it can earn lesser than what is expected, can never be naive. Revealing the entire truth during negotiation can often result in the cancellation of the deal with higher return. Despite such risk if a negotiator is revealing the entire truth being honest, it must be highly appreciated and respected. However, if the negotiator in this context expects that even after revealing the truth he will earn the deal without losing any bid, the act can be termed as naive. It is because in this case the negotiator is unable to forecast the risks associated with the ethical representation of the facts expecting irrational return. Considering these facts, I personally think that being completely honest while negotiating can be naive by no means when the associated risks are considered significantly. But, if due consideration is not provided to the risks associated with the decision of being completely honest; it can be stated as a naive act. In terms of legal code of conduct, the rule of negotiation can be stated as unique to an extent. But based on the ethical ground, the rules associated with negotiation are not quite unique. Lying during negotiations has frequently been identified in many instances which eradicates the chance to signify the practice

Standing Together Opposing Prejudice Essay Example for Free

Standing Together Opposing Prejudice Essay As I hail from a Muslim dominant Saudi society that is a manifestation of Islamic tenets of equality and fraternity. I was not aware of the racism and its different facets as Islam forbids any racial discrimination based on caste, creed or color and Saudi society follow this model of equality. So my first memory of racism is not related to an early age but it is at a mature level. Although I read several incidents and fiction about racism but my first direct encounter with racism was when I was studying at California State University and we were involved in a project on creating awareness about racial discrimination among student in particular and neighboring community in general. It involved a freshman Eric Butler from the University that used to work at a store and suffered from racial discrimination at the hands of a white male to whom Eric was offering his services to help. He complained about this racism to his employer and later to the company but company showed an attitude of indifference as nothing had happened. Students wrote letter supporting Butler castigating sentiments of racism in the adjacent community. I remained a part of the letter writing student community and later become involved in the student movement that was named Standing Together Opposing Prejudice (STOP). This movement emerged from that letter writing community and aimed at creating awareness about racial discrimination as most of the on-campus students including me believed that racial discrimination is a phenomenon of the past and nothing of this sort happens in contemporary era. Events like of Eric Butler’s happen due to lack of social tolerance. Although American society has struggled and succeeded to eliminate the notion of discrimination from the thoughts and action of people as a social habit but some individual still have malicious tendencies to involve in acts of social discrimination. This is due to some defect in the process of smooth socialization.

Following the Wrong Footsteps :: essays papers

Following the Wrong Footsteps For much of Public School's history, the academic standards had little to do with whether or not you were a male or a female. Much of one's placement in a classroom or school depended on the age or academic standing. Other issues such as the consolidation of schools and the Americanization of immigrants were given a higher placement of importance. The subject of gender was almost taken for granted and when the issue did intrude, historically the reaction was one of arbitrary response. The public was much more concerned with the development of their men than the equality of their children (Pollard, 1993.) As time allowed more men and more women to be schooled together, it was evident that a woman's presence alone would not ensure an equally beneficial education. The school systems continue to follow a gendered curriculum, created mainly by men in order to serve men. It is the reinforcement of the gender biases and assumptions through their methodical distribution and teaching of stereotypes and ideas that put the education of men and women on two separate levels. There is no example to follow when it comes to the equal education of children because even though they receive the same education, it is far from equal. It is this along with the lack of recognition towards women who have achieved greatness both in and out of education that creates an outsider status for the female student (Lasser, 1987). The main problem in attempting to accomplish gender equity is the fact that the teachers being sent off to teach children in gender equitable terms are not trained to do so. Gender equity issues are virtually ignored in most university level education classes and any strategies created to decrease gender-biased classroom behavior are basically non-existent. Most efforts to remove this problem are geared toward working teachers when the focus needs to be on the upcoming generation of teachers presently in school (Miller, 2001). Teacher Expectations and Learning Environments In addition to poor teacher training; culture stereotypes and the expectations of these teachers are what diminish a girl's self-esteem and confidence. This is turn continues to cheat girls out of the education they deserve (Miller, 2001). What has created this phenomenon of discrimination is not something of a natural occurrence, but one of social distortion.

Learning-Centered Teaching Essay

John J. Sparkes presents a clear discussion or argument about the learning-centered approach to teaching as a means to address the need to draw distinctions between different styles, approaches, techniques, etc. of learning. This thought is motivated by the diversity of learners and the varying influences of the learning environment and experiences to learners. Sparkes learning-centered approach to teaching looks into considering the nature or characteristics of learners and the dimensions of learning in terms of determining what learning strategies, approaches, techniques, methods, materials, and such to incorporate to pedagogical processes in order to result to the definitive meaning of learning. Sparkes also suggests that learning-centered teaching is all about the process of adopting or assuming various types of teaching methods and implementing them within learning situations and environments that suit the structure of each method. (Sparkes, 1999) Aside from the established teaching methods, learning-centered teaching, which looks into the accomplishment of the purpose of learning, should also considered various learning needs that facilitate the obtainment of knowledge, skills, and competencies constituting the learning goals and objectives. The different structures of learning subjects and materials bring about the need to consider various learning needs as the ability of a learner to obtain knowledge and skills depends upon the content of the learning material. Sparkes argued that the learning goal or objective of understanding concepts requires varied processes depending on the course or subject of learning. For instance, understanding concepts in English and literature requires comprehension of reading materials while concepts in Science and Mathematics requires the discernment of problem-solving strategies and processes through the application of the theories and models learned. (Sparkes, 1999) In addition, Sparkes discussed individual differences, in terms of how learners are able to grasp the learning content and materials according to their own pace and expectations of how the learning process and environment should be. Moreover, the capability of individuals to learn are relative to their desired learning situations – that is, the kind of learning environments, situations, and materials that they would feel comfortable with resulting to their internal and external motivation to learn and engage in the teaching-learning process. (Sparkes, 1999) Sparkes view of the learning in this particular discussion shows how he considers the dimensions of learning realistically, looking into the emotional, psychological, social, physical, and moral features of the learners are distinct and unique individuals and requiring the need to design the teaching-learning process to adapt to these human distinctiveness in order to facilitate successful learning processes. Sparkes presented a comprehensive, reliable, and valid discussion of how the landscape of pedagogy should be structured. The teaching-learning process is fueled by the mission, goal, objective, or purpose not only to transmit knowledge but also to motivate the comprehension of knowledge and information for practical application in real-life situations or experiences. The product of learning should result to desirable changes to one’s thoughts and ideas and contributions to the community for nation-building and the enrichment of the global society as a whole. Due to this highly significant purpose of the teaching-learning process, the practice of teaching and the learning experiences should ensure that it fulfills what is tasked to do in terms of transferring knowledge and skills and motivating the drive to utilize knowledge purposefully and meaningfully. Sparkes recommendations address these needs and requirements for successful teaching and learning. Sparkes covered various considerations that academic and teaching professionals should consider. I believe that the presentation of the different considerations to the teaching-learning process will contribute to the development of pedagogy. Sparkes article is a valuable resource material for understanding the complex nature of learning and the learners and the arrival to various teaching methods, strategies, approaches, techniques, and such that will fit every learning situation or environment appropriately. Learning to adjust pedagogy to the learning and situation, particularly the uniqueness of the learners, instead of vice versa, ensures that the teaching-learning process will result to what it intends to produce as outcomes for the benefit of the learners and society. Sparkes overall purpose for presenting his text was to directly structure how the teaching-learning process should be designed, eliminating the â€Å"trial-and-error† process of applying various teaching methods, observing it, determining flaws, and redesigning it to diminish the errors or mistake in the method, and such. For Sparkes, doing so will leave behind many errors that will be difficult to reverse once it leaves its mark especially to learners. Sparkes is vitally concerned about redirecting the path of the teaching-learning process so as not to maintain the learning landscape as a ground for experiment since it would be detrimental to implement imperfect teaching procedures or methods as it will affect how learners are going to grasp concepts and learning materials. Therefore, Sparke’s discussions are not only intended for the purpose of guiding the teaching-learning process, but also how educational goals and objectives and the curricula should be designed. Overall, Sparke’s discussions presents an the need to overhaul the dimensions and structure of education and pedagogy to eliminate detrimental errors and flaws.

The True Confession of Charlotte Doyle

The True Confessions of Charlotte Doyle June 4, 2012 Ann Lee 8D â€Å"The True Confessions of Charlotte Doyle† by Avi is about a thirteen-year-old girl, Charlotte Doyle, traveling from England to America, where her family was living. After the ship had left, she realized that she was the only female passenger on the ship, which was called Seahawk. Charlotte was an upper class and educated girl, unlike many of the sailors on the ship. Despite the fact that one of the sailors warned Charlotte about Captain Jaggery’s true side, Charlotte didn’t believe him and became friends with Captain Jaggery, who seemed like a gentleman to her.However, she realized that the captain was using her to get information and he was cruel to the sailors. Charlotte decided to join the rebels. The rebels wanted to kill the captain, who was cruel and mean to them, and Captain Jaggery was trying to prevent the sailors from rebelling against him. Clearly, there was a conflict between the reb els and Captain Jaggery. The climax of the story was when Captain Jaggery died by falling off the ship, and the conflict was also resolved, since the war between the rebels and Captain Jaggery was over. The main theme of this novel is the change of identity.Before her journey, she was just a rich, upper class girl, who was educated. But when she was on the ship with other sailors, she had to be one of them. She wore dirty clothes that she wasn’t allowed to wear at home and didn’t care about her manners and behaviors. Her parents always told her to behave like a lady, but her identity has changed when she was on the ship; she was acting like a different person. Clearly, change of identity took place in this novel. I like how this book was written in the perspective of a teenage girl, who is about my age. I could understand the character better, and read the book from her perspective.

Black African Studies essays

Black African Studies essays African's past can be dated back to millions and millions of years. People from every continent is a descendant of the African origin. This essay will explain African's isolation to the rest of the world and some of the famous contributions and some of Africa's contributions to our world. Researchers have found that African people were the home of the first human beings. They have found fossils and archaeological findings that support thus evidence and by genetic research. These findings date back to 4.4 million years ago in Ethiopia. Actually human beings date back to 40 thousand years, these people were discovered also in Ethiopia. Around 10 thousand BC the Fertile Crescent had a large agricultural lands that produced vegetation, economic wealth, and brought people together. 7000 thousand years later the land became unagricultural and started to look the way it looks today in the Sahara Desert. This divided the continent into 2 parts, the North and the South. This made trade and contact to others extremely difficult. Poor soils due to shortage of water have taken its toll on Africa too. This is because poor soils lead to bad vegetation, which leads to less food, and then there are fewer jobs and less wealth. Fewer good also lead to diseases related to not eating well. Also Africa doesn't connect to any particular place. It has no rivers leading into the seven oceans, so there is not transportation or communication to those in the middle of Africa. This means no imports or exports therefore, any economic wealth. Africa is made of 400 million people throughout 50 countries with 800 different languages, which is probably difficult for communication and understanding of each other's. Leading again to Africa taking power of the world. Europe had labeled Africa as the "Dark Continent" because they didn't know much about it. Even though thousands of years ago their customs and ways of doing things origi ...

French Revolution essays

French Revolution essays On AUGUST 10, 1792, enraged Parisian men and women attacked the kings palace and killed several hundred Swiss Guards. The result of this journee was the radicalization of the Revolution. Louis and Marie Antoinette were forced to flee the Tuileries and took refuge in the Legislative Assembly itself. The royal family was placed under house arrest, and lived rather comfortably, but the king could not perform any of his political functions. Although the revolutionaries had drafted a constitution, now they had no monarch. By September, Paris was in turmoil. Fearing counter-revolution, the sans-culottes destroyed prisons because they believed they were secretly sheltering conspirators. More than one thousand people were killed. Street fights broke out everywhere and barricades were set up in various quarters of the city. All this was done in order to consolidate the Revolution to keep it moving forward. On September 21st and 22nd, 1792, the monarchy was officially abolished and a republic established. The 22nd of September, 1792 was now known as day one of the year one. In December, Louis XVI was placed on TRIAL for violating the liberty of his subjects and on January 21, 1793, Louis was executed like an ordinary criminal. From this time on, the Revolution had no recourse but to move forward. After the execution of Louis, the National Assembly, now known as the National Convention, faced enormous problems. The value of paper currency (assignats) used to finance the Revolution had fallen by 50%. There was price inflation, continued food shortages, and various peasant rebellions against the Revolution occurred across the countryside. France was close to civil war. Meanwhile, the revolutionaries found themselves not only at war with Austria and Prussia, but with Holland, Spain and Great Britain. As the Revolution stumbled under the weight of foreign war and civil war, the revolutionary leadership grew more radical. Up to Jun...

Transitive and Intransitive Verbs in German

Transitive and Intransitive Verbs in German When you look at a verb entry in a German-English dictionary, you will always find either a v.t. or v.i. written after the verb. These letters stand for a transitive verb (v.t.) and an intransitive verb (v.i.) and its important that you do not ignore those letters. They  indicate how you can use the verb properly when speaking and writing in German. Transitive (v.t.) Verbs The majority of German verbs are transitive. These types of verbs will always take the accusative case when used in a sentence. This means that the verb needs to be complemented with an object in order to make sense. Du magst ihn.  (You like him.) The sentence would sound incomplete if you said only: Du magst. (You like.) Transitive verbs can be used in the passive voice. The exceptions are  haben (to have), besitzen (to possess), kennen (to know), and wissen (to know). Transitive verbs  are used in the perfect and past perfect tenses (as an active voice) with the helping verb haben. Ich habe ein Geschenk gekauft. (I bought a present.) The nature and meaning of some transitive verbs require that they are complemented with a double accusative in a sentence. These verbs are abfragen (to interrogate), abhà ¶ren (to listen to), kosten (to cost money/something), lehren (to teach), and  nennen (to name). Sie lehrte ihn die Grammatik. (She taught him grammar.) Intransitive (v.i.) Verbs Intransitive verbs are used with less frequency in German, but it is still important to understand them. These types of verbs do not take a direct object and will always take the dative or genitive case when used in a sentence. Sie hilft ihm. (She is helping him.) Intransitive verbs cannot be used in the passive voice. The exception to this rule is when youre using the pronoun  es  in select  circumstances. Es wurde gesungen. (There was singing.) Intransitive verbs that express an action or a change of state will be used in the perfect and past perfect tenses, as well as  futur II with the verb sein. Among these verbs are  gehen  (to go), fallen  (to fall), laufen  (to run, walk), schwimmen (to swim), sinken (to sink), and springen (to jump). Wir sind schnell gelaufen. (We walked fast.) All other intransitive verbs will use haben  as the helping verb. These verbs include  arbeiten (to work), gehorchen (to obey), schauen (to see, look), and warten (to wait).   Er hat mir gehorcht. (He listened to me.) Some Verbs Can Be Both Many verbs can also be both transitive and intransitive. Which you use will depend on the context as we can see in these examples of verb fahren  (to drive): Ich habe das Auto gefahren. (Transitiv) (I drove the car.)Heute morgen bin ich durch die Gegend gefahren. (Intransitiv) I drove through the neighborhood today. To determine whether you are using the transitive or the intransitive form, remember to associate the transitive with a direct object. Are you doing something to something? This will also help you identify those verbs that can be both.

Jobs Roles In Latin America Article Example | Topics and Well Written Essays - 500 words

Jobs Roles In Latin America - Article Example Graduates in Latin America are earning an average salary of approximately $60000-90000 per year. Other engineering roles include chemical engineering, mechanical engineering, and civil engineering. Those entering an engineering job must have an engineering degree from a credible university. Furthermore, they must be approved by the engineering board. In addition, they must have an experience which varies with the country. This is significant in ensuring that they can be able to deliver high quality services. Countries with the most engineering jobs include Brazil, Mexico, Argentina, Colombia, Chile, and Peru. With the entry of the internet in the market, the number of computer programmers has increased tremendously. More firms are in need of various programs, an aspect that has increased the demand for the programmers. A computer programmer is required to have an IT degree. Although some employers require a bachelor degree in IT, some hire individuals based on their experience with an associate degree or certificate (Farr & Shatkin 2014). However, if one is planning to apply for a job in healthcare industry, it is advisable to expand the knowledge of that industry. Furthermore, specific programming languages are important. It is important for one to have experience, especially in a specialized field like computer programming. The computer sector is changing very fast. Therefore, being a programmer means that one has to keep on upgrading the education (Farr & Shatkin 2014). Countries with a high number of computer programmers include Brazil, Mexico, and Argentina. The business growth has been on an upward trend. To become a management consultant, one need to have an undergraduate degree in any business related course. Unlike other technical courses such as engineering, management consultant is a career that does not require specific skills. The skills varying depending on the service that one will offer. The experience required for one to become a

Organizational Structure of XYZ Department Store Term Paper

Organizational Structure of XYZ Department Store - Term Paper Example Marketing deals with the promotional activities, visual or audio displays, and public relations. As for the department of merchandising, there are tasks which deal which the monthly or yearly plan of stock along with the supervision, control, and budget for the stock. There are also financial responsibilities for dealing with the store accounts, debts, or credits. Lastly, there is an IT (Information Technology) department, which manages and looks after the necessary equipment and technology needed for the store (NAICCS). In a firm, the agent might have incentives for increasing their wellbeing at the expense of the principle, for which they might engage in activities like shirking or parking competition, which would go unnoticeable by the principals. When the incentives of principals and the agents are not aligned, there are agency problems, as in a firm, the principals engage an agent for the performance of some services (Zimmerman, 2009). However, this amount of behavior can be limited by the principals by giving the agent, through contracts, the appropriate incentives, and by incurring monitoring cost. It can also be guaranteed to avoid such problems by agents if they incur the bonding costs. If such actions occur, the principals will not be compensated. This may include purchasing insurance policies that they will have to pay to the principals. To increase the amount paid to them, the agents will be willing to incur these expenses. If the contract problems are too costly, they generally would not be sufficient for both the parties as the cost would not be sufficient to retain the agent from performing such activities (Zimmerman, 2009). Store Operations: There is management, which deals with all aspects including community engagement, hiring, and top talent development, along with delivering strong financial results and an exceptional customer experience.

Analyzing The F Word Essay Example | Topics and Well Written Essays - 750 words

Analyzing The F Word - Essay Example The F-word, Jesse Sheidlower, editor at large of the Oxford English Dictionary and editor of the 1995 book â€Å"The F-Word†, reveals that the word has been first printed in a â€Å"text around 1475, in a poem that more or less said the monks of Cambridge did not go to heaven because of their sexual dalliances with women† (Achenbach). Its etymology is traced to words such as the Middle Dutch fokken, Germanic term ficken, English firk and Scottish fukkit, all associated with sex. The original definition of the F-word is â€Å"sex with violence and pleasure with pain† (Stephey). Although the word implies pleasure which should not be an embarrassing experience, it actually is a private affair where the pleasure is achieved by exposing private parts- something that no one would definitely want to perform in public. Understandably, the F-word has a sexual connotation that it makes people stare at or get offended by those who use it. Some intelligent people who did not want to use the word directly used it in acrostics such as â€Å"Fornication under consent of the king† and the popularly known Irish police blotter inscription â€Å"for unlawful carnal knowledge† (Stephey). ‘Fornication’ and ‘carnal’ clearly imply sexual acts which for generations has been a subject matter that remained closed to discussion. As sex is to be performed in private places at private moments, the word should also be treated with such respect and privacy. Nevertheless, with the prevalence of movies, songs and other literary works and artists uttering the word in public, the F-word has become a common word pronounced by almost every individual from different walks of life, regardless of where they are. The word perhaps got into the limelight when highly respected political figures used the word repeatedly as opposed to what was expected from them. George Bush is known to have used the word openly before he was elected president an d his vice president, Dick Cheney, also used it on the senate floor. â€Å"No one is shocked that these people use such language but as statesmanship, it’s not exactly Lincolnesque† (Achenbach). This declaration shows tolerance to the verbal pronunciation of the word by anybody, whether popular or ordinary figures however, there is also the recognition of a line that should be drawn when saying the word. First and foremost, the aforementioned politicians are educated people who are expected to act and talk as well-mannered individuals. Thus, Achenbach coined his word â€Å"Linconesque†, pointing to the revered statesman, Lincoln and mentions that the actions of the two politicians mentioned earlier are not in line with the example the former showed. On the other hand, the statement that no one is shocked with their use of the word shows that it is well-understood because it is a human word uttered by human beings. Although Bush and Cheney are politicians, they a re also human beings who have similar needs as other people. Therefore, it does not come as a shock when they are heard saying the F-word however, they should have been more careful in their utterances because it still is considered a private word, having an explicit sexual connotation (Achenbach). Nevertheless, there is also the consideration that â€Å"the reason why it is used so often is because it has escaped the bonds of its sexual origin† (Achenbach). When Cheney told a Democratic senator to F_ _ _ himself, he

World Vision Advertising Managerial Objectives Essay

World Vision Advertising Managerial Objectives - Essay Example To begin with, World Vision is among the many organizations that provide relief and support to the marginalized or underprivileged members of the society. The company has achieved these objectives bearing in mind the challenges it encounters in its endeavors. Lack of government support is the main challenge that affects the organization. Therefore, donors are the main source of support and funds for the company. It is also difficult for the company to have volunteer employees (see World Vision International 2012). Therefore, the marketing objective should target volunteers, potential donors and other sources of funds. This is only possible through creating awareness in the targets about the company. The management should use the benefit of the company being a Christian organization to influence different people for support. People always want to help but lack organizations that they can trust. Therefore, the management should use some of the children that the organization has helped to try to influence potential donors to support its activities. Children and women are the most vulnerable members of the society and the combination of religion and provision of care will attract many parties. To achieve this objective, the company can use a series of advertisement to try to lure supporters and volunteers into the company. The adverts should mainly feature children, which captures the attention of many individuals in the society. The best advert is the one that captures the attention and concern of individuals in the society. World Vision enjoys the benefits of a Christian organization. Christians share the notion that helping those in need is part of their moral obligations. The management should embark on a campaign that targets Christian societies and organizations. This is through enlightening the societies about the mission and vision of the company

Characterize the worlds current energy use situation and discuss Essay

Characterize the worlds current energy use situation and discuss various versions of an energy future as posed by the readings - Essay Example For example, Ayres (2001) focuses on making our present use of energy more efficient since there is technology available that can make more efficient use of our present oil and other energy resources. Instead of looking for new sources of energy or investing in our present sources, in the future envisioned by him, our energy use would become so efficient that economic growth would not be stalled until we have developed sustainable alternative fuels. The issue of development is directly connected with the search for alternative energy since the developing countries of the world depend on the availability of energy that can help them drive their economies. In any given city or country, whenever automobiles are driven, industries operated or to energy is generated to provide electric power to homes and offices, a significant amount of fossil fuels are used (Green, 2005). Of course a certain level of demand for such fuels had been met in the past since there was an abundance of resources but in the future, that demand may not be met if we continue to use fossil fuels in the same inefficient way that we have used them in the past. Ayres (2001) takes a view which focuses on governmental policies with regard to our current use of energy and how governments can mandate laws and regulations which make efficient energy a reality. This would allow significant cuts in the consumption of energy which would not only push back the peak but it would also allow the prices of oil to come down with a reduction in demand. The estimates made by him suggest that the demand for oil could be reduced by as much as half if the appropriate policies are implemented. The idea of pushing back the peak of oil production is discussed at length by Campbell and Laherrere (1998) who come to the conclusion that cheap and plentiful oil is no longer a given. They also report that the discovery of new oil production fields is

How Far Do You Agree That Video Games have had a Negative Effect on Essay

How Far Do You Agree That Video Games have had a Negative Effect on Society - Essay Example This paper declares that Healthy mind needs a healthy body which means that there needs to be certain level of balance in life. A person needs proper outdoor activity as to refresh his mind and make it energetic to handle what life has to offer. This is the traditional concept of games and health that has been successful for ages. Video Games totally negate this aspect and physical activity is totally lost in the whole process of so called ‘fun’. This report makes a conclusion that various model of gaming software’s are especially designed for this purpose. Moreover if properly controlled, this can be a good sporting and informative event for a child provided that proper choices are being made. This side of this is sadly limited in today’s world and is mostly used only for promotion in television advertisements. Just like everything else, Video games have a bright side and a dark side but as shown with various dimensions above that its negative aspects totally over dominate the positive side. It is advised to keep a proper check on this and this should never be allowed as the sole source of entertainment. No one can deny the importance of physical activity. For a person’s mind and body, half an hour running every day is far better than playing videos games for couple of hours. This seems to be high time we promote strong family ties, better physical health and lead a health and progressive life rather tha n being dominated by technology.

Characterize the worlds current energy use situation and discuss Essay

Characterize the worlds current energy use situation and discuss various versions of an energy future as posed by the readings - Essay Example For example, Ayres (2001) focuses on making our present use of energy more efficient since there is technology available that can make more efficient use of our present oil and other energy resources. Instead of looking for new sources of energy or investing in our present sources, in the future envisioned by him, our energy use would become so efficient that economic growth would not be stalled until we have developed sustainable alternative fuels. The issue of development is directly connected with the search for alternative energy since the developing countries of the world depend on the availability of energy that can help them drive their economies. In any given city or country, whenever automobiles are driven, industries operated or to energy is generated to provide electric power to homes and offices, a significant amount of fossil fuels are used (Green, 2005). Of course a certain level of demand for such fuels had been met in the past since there was an abundance of resources but in the future, that demand may not be met if we continue to use fossil fuels in the same inefficient way that we have used them in the past. Ayres (2001) takes a view which focuses on governmental policies with regard to our current use of energy and how governments can mandate laws and regulations which make efficient energy a reality. This would allow significant cuts in the consumption of energy which would not only push back the peak but it would also allow the prices of oil to come down with a reduction in demand. The estimates made by him suggest that the demand for oil could be reduced by as much as half if the appropriate policies are implemented. The idea of pushing back the peak of oil production is discussed at length by Campbell and Laherrere (1998) who come to the conclusion that cheap and plentiful oil is no longer a given. They also report that the discovery of new oil production fields is

Images of Women in Religion - Christian Gnosticism and Buddhism Essay

Images of Women in Religion - Christian Gnosticism and Buddhism - Essay Example The absence of feminine symbolism in modern religious tradition is consistent with an orthodox stance specifically inclined to resist social and political transformations that took place in the second century and resulted in increased prominence of women in all activities of daily life, including religion. Karen Lang builds from the primordial belief that divinity knows no physical boundaries, including gender: â€Å"The early Buddhist and Christian Gnostic assumption that beings once were luminous, incorporeal, and asexual, and that this state of perfection can be regained, motivates their quest for enlightenment†. Buddhism and Gnosticism share the view that humanity’s fall from divine grace springs from earthly desires, such as lust. Women, historically linked with seduction and sexuality, were therefore viewed in Buddhist and Gnostic myths as impure. Female fertility paralleled the earth’s fruitfulness, â€Å"†¦ for they associate the enjoyment of a woman’s sexuality with tasting the earth, or its fruits†. Human imperfection was described through the impurities of women’s bodies, but this was not exclusively meant for women since both religions believed that all human bodies were impure and therefore imperfect. In both cases, owing to a pre eminently egalitarian message with prospects for study, teaching and prominent leadership positions in the community, women were attracted to Buddhist and Gnostic communities. Lang aims to clarify that religious tradition did not always discriminate against women.

Mongol Empire Essay Example for Free

Mongol Empire Essay FCAs: 1. The paper must include at least 4 paragraphs. Each paragraph should be at least 4-6 sentences long and have an introductory and concluding sentence. The introductory paragraph should provide a hook for the reader, your definition of the word barbaric, the question posed by the DBQ, and your thesis (your answer to the question) (25 points). 2. Paragraph 2 and 3 should use at least 4 documents (with proper citation) to support your thesis. Four specific examples should be given-one from each document, and you should explain how these examples support your claim. (100 points/ 25 points for each document). 3. The paper must include a concluding paragraph in which you briefly summarize your evidence, reiterate your answer to the thesis, and make a connection to another topic from history, how this topic relates to today, or anything we have covered in class (25 points). The Mongols: How Barbaric are the Barbarians? Who are the Mongols really? The Mongols had an empire that existed during the 13th and 14th centuries AD, and was the largest continuous land empire in human history lead by a great ruler called Genghis Khan. For centuries they have been remembered as a brutal tribe of nomadic barbarians who were a serious threat to people and civilization throughout Asia and Europe, so how barbaric are the barbarians exactly? What does barbaric mean anyways? Barbaric is to be savagely cruel and extremely brutal or primitive and unsophisticated. The barbarians are some what barbaric. The barbarians have codes of conduct, prisoner dummies, religious tolerance, and cutting heads off. In Rashid ad-Din’s Collected Chronicles (Document 10); he talks about how the Mongols were hospital. In it, it says â€Å"when a husband goes hunting or to war, his wife must maintain the house hold, so that the messenger or guest who dismounts there finds all in order and the wife is able to provide him with good food and anything else he may require.† This shows that the Mongols are not barbaric because the make sure that the house is suitable for guest; however, in John of Plano Carpini’s History of the Mongols (Document 3), he talks about how the Mongols â€Å"send a detachment of captives and men of other nationalities who are fighting with them to meet the enemy head-on, and some of the tarts (Mongols) may perhaps accompany them.† They are barbaric because the used the lives of others as dummies in a battle. They do not care if the prisoners that they are using as dummies have families or not. At some points the Mongols are barbaric when it come to p rotecting them selves or trying to conquer land, but they also try to be hospital. In William of Rubruck’s the Journey of William of Rubruk (Document 9), he talks about how Mongke Khan was religious tolerance. In it, it says â€Å"he therefore wishes you all to meet together and hold a conference and each one is to write down what he says so that he can know the truth.† The Mongols are not barbaric because Mongke Khan wanted to learn about different religious so that he could convert to one; however, in Ata- Malike Juvani’s Genghis Khan (Document 4), he talks about the punishment that the Mongols did. He says that the Mongols â€Å"severed the heads of the slain from their bodies and heaped them up in piles, keeping those of the men separated from those of the women and children.† The Mongols are barbaric because they would cut off the heads off people that were already dead. They did not have any respect for the dead what so ever. The Mongols wanted to learn about religion on how it works and which religion is true, but they were too cr uel on their victims and threw the bodies into piles based on their gender. In documents 10, 3, 9, and 4 talks about reasons how barbaric or not barbaric the Mongols were. I believe that the Mongols are somewhat barbaric. In the age of the Nazi, the Nazi things called concentration camps. In the concentration camps, they would have gas chambers where lots of Jews were killed at once. The thing that people do not realize in the concentration camps they also allowed the Jews to eat and bathe. Why would someone who wanted to kill the Jews allow them to eat and bathe: Remorse or humanity? The Nazi were not all cruel and hard hearted as made out to be. This relates back to the Mongols because they are believed to have all cruel methods this may be true, but they also have kind hearts.

Nestle Marketing Analysis

Nestle Marketing Analysis This is a report as well as a marketing plan about Nestle and its new product Nescafe Menu. The report is about the Halal food leader ― Nestle (Malaysia) and its activity on how they market their products and sustain their leader position in the current market. Moreover, there will be a detail analysis on the current marketing situation which included SWOT, PEST and financial analysis plus the marketing strategies applied by the company in order to domain the market. The marketing strategies will further the discussion by involving the pricing, product, distribution and promotion strategies. However, the main focus will fall on the company ― Nestle Malaysia, the market of soluble coffee, the brand Nescafe and its new launched products. In addition, recommendations and solutions are provided by the author to solve the current scenario and overcome the problems. Nestlà © (Malaysia) Berhad plays the role as the leader of Halal food manufacturer and the first multinational to voluntarily request for Halal Certification of all its food products when it was first introduced in 1996. Nestlà © is establish in 1912 and public-listed on Bursa Malaysia since 1989. Currently the biggest Halal producer in the Nestlà © world. In Malaysia, Nestlà © employs 5000 people, owns 7 factories and 6 sales offices plus one national distribution centre. The head office based in Petaling Jaya, Selangor. (Nestle, 2008) Nestlà ©Worldwide Nestlà © is a multinational company that leading the global food business. It is founds by a Swiss chemist ─ Mr. Henri Nestle. Nestlà © have the worlds largest food manufacturer and the worlds largest private nutrition research capability based in Switzerland. Overall, Nestlà © present in over 100 countries with 276,000 employees worldwide and 456 factories in 84 countries. Currently, Nestlà © owns over 8500 brands and produce over 10,000 different products. Nestlà © hits the sale of 32 billion products yearly. Furthermore, Nestlà © have 24 Research Development centres worldwide and invest RM5 billion annually on RD. (Nestle,2008) Introduction about the product ― NESCAFÉ ®MENUâ„ ¢ At November 2009, Nestle introduced a new range of beverage to captures locals heart. New Nescafe menu is your menu of Malaysian favourite. Bring home the authentic taste of your favourite coffee shop flavours anytime and anywhere. (Nestle,2009) Key Benefit Nestle provides good quality products with improving nutrition and health benefits under Halal policy benefits everyone especially Muslims so that consumers can enjoy their favourite food or beverage without worries with the Halal assurance promised by Nestle. (Nestle,2010) The introduce of Popularly Positioned Products (PPP) brings affordable nutrition accessible (based on local considerations, food regulations, nutrient deficiencies and public health concern) for society and leads a healthier lifestyle and diet plan with the Nestlà © Nutritional Compass label in all nestle products. (Nestle,2008) Talk about the new Nescafe menu that contains coffee as the main ingredient. In fact, according to Don Howat (2009) coffee is something great because it contains antioxidants. Meanwhile, he hopes that there is a change of the wrong perception ‘coffee is bad for health among Malaysian and able to target non-coffee drinker and increases the consumption of coffee in Malaysia which is consider as low compared to other countries. Current Marketing Situation Nestlà © Malaysia, currently the biggest Halal producer in the world, markets more than 300 Halal products in market, is warranting its appointment as the Halal Centre of Excellence for Nestlà © worldwide. Exports its products to more than 40 countries worldwide with export sales of over RM470 million. Imports Halal products from the 66 Nestlà © factories worldwide that are certified Halal. (Nestle,2010) According to Philip Kotler and Gary Armstrong (2010), differentiated marketing means a firm decides to target several market segments and design separate offer for each. Nestle (Malaysia) utilizing differentiated marketing (segmented marketing) strategy by having several categories of product that means to target different customer. Categories of product in Malaysia: Example of brand name in Malaysia ÃÅ" Coffee and Beverage ÃÅ" Nescafe / Milo ÃÅ" Culinary Aids/ Prepared Foods ÃÅ" Maggi ÃÅ" Milks ÃÅ" Nespray/ Nesvita ÃÅ" Liquid Drinks ÃÅ" Perrier ÃÅ" Junior Foods ÃÅ" Nestle Baby Cereals ÃÅ" Breakfast Cereals ÃÅ" Nestle Breakfast Cereals ÃÅ" Chilled Diary ÃÅ" Nestle Bliss/ Nespray Yogurt ÃÅ" Ice-cream ÃÅ" Nestle ice cream / Drumstick ÃÅ" Chocolate and Confectionery ÃÅ" Kit-Kat / Smarties / Milkybar ÃÅ" Healthcare Nutrition ÃÅ" Nutren Optimum / Fibre / Junior ÃÅ" Performance Nutrition ÃÅ" POWERBAR Performance / Gel ÃÅ" Nestle Professional ÃÅ" Nestle Professional Table 2 : Nestlà ©s categories of product and brand name in Malaysia Adapted from Nestle in your life, our brands, 2010. From http://www.nestle.com.my/nestle+in+your+life/our+brands/ Nescafe commands 70 per cent market share in the coffee segment locally Nescafe practises differentiated marketing too by having 5 different range of coffee (mainstream coffee, healthy coffee, Nescafe Classic and Gold). Simultaneously, Nescafe Menu marketing three different beverages that include Nescafe Menu Tarik, Ipoh White Coffee and Nelso to targets a group of local people (Malaysian) includes coffee lovers and non-coffee drinkers (all age) by offering coffee shops all time top seller. (Don Howat, 2009) Product review for NESCAFÉ ®MENUâ„ ¢ Nescafe Menu Tarik -satisfy your craving for a delicious foamy cup of coffee and indulge in the authentic taste of a tarik. Nescafe Menu Ipoh White Coffee -three minutes are all it takes for you to enjoy a deliciously creamy, smooth and aromatic cup of Ipoh white coffee, anytime of the day or night. Nescafe Menu Neslo -for those who must have your morning cup of neslo before the day can start, heres the one for you with the rich taste of Nescafe coffee and the goodness of chocolate malt, all serve in one delicious blend. Table 2: Product Review of NESCAFÉ ®MENUâ„ ¢ Adapted From Nestle in your life, our brands, beverages ― Nescafe, NESCAFÉ ® MENUâ„ ¢, (Nestle, 2010) From http://www.nestle.com.my/Nestle+In+Your+Life/Our+Brands/Beverages/Nescafe.htm New Nescafe Menu benefits consumer by giving them a big flexibility and in-home enjoyment without stepping out the house to coffee shop for beverages. The new Nescafà © Menu range is available at all leading supermarkets and hypermarkets in 15-pack bags at the recommended retail prices of RM12.90 (The Star Newspaper 2009). Currently, only the white coffee produced by old town is consider as the direct competitor because they having the same product as Nescafe Menus white coffee. PowerRoot and BOH are indirect competitor because they dont have the same (but similar) product as Nescafe Menu yet they are the strong competitor in the market so its important to keep an eyes on the companys activities. Competitive Review White Coffee 3-in-1 Classic by Old Town * Old Town kopitiam(coffee house) had 141 outlet in Malaysia and still growing (old town, 2010). * Rated as Malaysians favourite hang out place for its signature white coffee. * A perfect, smooth blend of original white coffee. Rich, creamy and aromatic, it has a heightened lingering mouth feel (Old Town, 2010). * 15 sticks in a Packet, RM12.90 * The famous Cameron Highland tea * Rated as Malaysias all time local favourite beverage. * Experience the robust, full-flavour of Boh Teh Tarik Kurang Manis with less sugar in each convenient sachet * 12 sachet in a packet for RM7.90 Oligo cereal (6 in 1) by PowerROOT * Nescafes main competitor for soluble coffee range * Cereal drink mixed with a fine blend ofoats,cereal,B-Glucan,Oligofructose, sugar and non-dairy creamer * 12 sachet in a packet for RM12.90 PEST analysis Nestlà ©s PEST Analysis (P)olitical * In support of the Governments efforts to combat non-communicable diseases in the country, Nestle collaborated with relevant NGOs to participate actively during the Nutrition Month Malaysia campaign to promote good nutrition in the community (Nestle, 2008). * Nestle is in full support of the Governments efforts to encourage healthier diets and active lifestyles to help counter problems associated with obesity, diabetes and cardiovascular diseases. We have made significant change to improve our products profile to complement the Governments efforts to create a healthier population (Nestle, 2008). (E)conomic * Flat domestic sales reflects slowdown in local economy and changes in consumer spending behaviour. (Nestle, 2009) * The weak market sentiments due to the global economic slowdown and changes in consumer spending behaviour (spending less and saving more), have some bearing to the Groups domestic business, which remained flat for the period under review. (Nestle, 2009) (S)ocial * Nestle was founded on social responsibility, sound human values and principles more than 140 years ago (Nestle, 2008). * Malaysias majority = Muslim. Consumers trust and confidence on quality and peace of mind for Muslim consumers (Nestle, 2008). * Our interest in Halal was borne out of social responsibility and respect for our Muslim employees and consumers, and today, we are beginning to appreciate the long-term investment we have made in manufacturing and marketing Halal products (Nestle, 2010). * Though it is a global brand, Nescafe is locally produced to meet the taste preferences of local consumers (Nestle, 2010). (T)echnology * Improve innovation technology and supplier development through Halal knowledge (Nestle, 2010) plus innovate renovate nutritious and healthier products using RD expertise (Nestle, 2008). * Every Nestle product undergoes as extensive RD process and a stringent quality standard before it is launched, because we value the trust that our consumers have in us (Nestle, 2008). * Nestle consumers all over the world benefit from world-class manufacturing facilities, the best private RD capability in food and nutrition, international quality and safety standards but with products catered to local preferences (Nestle, 2010). * Our global investment in RD clearly shows Nestlà ©s commitment in innovating and renovating products based on scientific evidence and trials (Nestle, 2008). SWOT Analysis (S)trengths (1) High market share ÃÅ" For instant, Nescafe commands 70 per cent market share in the coffee segment locally as the leader. (Don Howat, 2009) (2) Size, operational efficiency and financial power ÃÅ" Owns 7 factory and 6 sale office at Malaysia with one national distribution centre that involve exportation of Halal product to more than 40 countries. (Nestle, 2008) (3) Wide range of products ÃÅ" Nestlà © owns over 8500 brands and produce over 10,000 different products. (Nestle, 2008) (4) Ability to customize global product brand to local preferences ÃÅ" For example, markets more than 300 Halal products in market, to more than 40 countries. (Nestle, 2008) (5) Strong Research development ÃÅ" Have 24 Research Development centres worldwide and invest RM5 billions annually. (Nestle, 2008) (6) Halal policy ÃÅ" Helps in targeting Muslim by assuring them with all product is Halal and also attract non-Muslim customer at the same time. (Nestle, 2010) (W)eakness (1) Very narrow product line for beverages ÃÅ" Only promotes chocolate malt (milo), coffee (Nescafe) and milk beverage. (O)pportunity (1) New product discover (expanding product line) ÃÅ" The discover of New Nescafe Menu is a good example whereby it also help to expands the range of coffee under the Nescafe brand. In the future, they maybe will produce coffee candy in different flavour. (2) Changing of customer needs/tastes ÃÅ" For instant, customers have more awareness toward their health care and wish to have product that come with low sugar contain thus Nestle can introduces their products with low sugar contain to fulfil customers needs. (3) New technology ÃÅ" To improve the products quality by implementing the new technology and maintain their market share in the industry. (T)hreats (1) Economic downturn ÃÅ" Threaten profit margins and bottom-line. If the firm decides to cut cost, many people might lose their job and social responsibility is frequently put on hold. (Nestle,2008) (2) Entry of new competitor ÃÅ" For instant, the Starbucks also blends into the soluble coffee market with their signature premium coffee. Thus, Starbucks might affect the sales of Nescafe premium range product. Financial Analysis Financial analysis use and transformation of financial data into a form that can be used to monitor and evaluate the firms financial position, to plan future financing, and to designate the size of the firm and its rate of growth (allbusiness.com, 2010). Based on the 5 years statistics (appendix 2), it proved that the company is growing healthy from the year 2004 to 2008. In 2008 Nestle Malaysia post a turnover of RM3.9 billion (approximately) for the year ending 31 December 2008, which represents a 13.5 % growth over 2007. Profit before tax is increasing from year 2004 to 2008. However, the percentage of turnover which is rated as 11.6% in 2007 fall to 11.4% in 2008, due to heavy capital expenditure(which contributed to higher financing costs) (Nestle, 2009). With the implementation of lower tax expenses by government, Nestle (Malaysia) manage to nudge the profit margin after tax from 8.5% to 8.8%. According to Nestle (2009), the Board of Directors has recommended a final net dividend of 80 cent per share, giving a total net dividend proposed and declared for the financial year of 191.19 cent per share that represents a 68.0% increase compared to the previous period and hits the highest in the Groups history. From the balance sheet (appendix 3), we can see that the Nestle group and Nestle Malaysia are growing stronger and having a very positive view about their assets with the increments. Overall, the group have RM1,660,401,000 of asset while the company have RM1,110,879,000 of assets. Furthermore, it achieved a balance with their equity and liability that shows the company is healthy with strong financial. By observing the income statement (appendix 4), the company is making more profit (compared by year 2007 and 2008). Nestle Malaysia hits RM435,269,000 of revenue for 2008 which is higher than year 2007 by increase of RM75,116,000. For the Nestle group the gain approximately RM3.9 billion at 2008 and its better than the previous year with RM3.4 billion. The basic earnings per ordinary share (cent) for year 2008 is 145 while year 2007 is 125. It shows that currently the company is still doing well. Based on the cash flow statement (appendix 5), the available cash of the group and company is decreasing. It is because of the cash is used for heavy financing activities. Group 2008 RM000 Group 2007 RM000 Company 2008 RM000 Company 2007 RM000 Net cash from operating activities 555,972 290,657 401,005 226,134 Net cash from investing activities (185,696) (100,721) 28,219 21,667 Net cash used in financing activities (376,256) (214,094) (445,550) (234,505) Cash and cash equivalents at 31 Dec 25,690 31,670 1,042 17,368 Objectives 1st years objective (short term) Hoping to double our share (to reach 70 per cent of the total market) of the speciality coffee market by next year with the launch of New Nescafe Menu (Don Howat,2009) Catering to Malaysian tastes by offering a mix of drinks across different ranges and the new products add to the companys product portfolio of these ranges. (Don Howat,2009) See an increase in coffee consumption in Malaysia. (Don Howat,2009) Hope to change the perception that coffee is bad for health and educate consumer on the goodness of antioxidants contained in coffee. (Don Howat,2009) 2nd years objective (and long term objective) Improving current portfolio to ensure the products has more nutritious without affecting the taste (for example, less sugar, salt and fats). (Nestle, 2008) Maximise the use of good quality local raw materials. (Nestle, 2010) Creating and increasing consumers awareness on nutritional labelling, food safety and consumer rights to safe and quality food. (Nestle, 2008) Guarantee that all products manufactured, imported and distributed by Nestlà © Malaysia are certified HALAL by authorised Islamic certification bodies. (Nestle, 2010) Produce and sell world-class products of the highest consistent quality, reliability and convenience based on business excellence principles throughout our operations.(Nestle, 2010) Marketing Strategies Nescafe Menu utilizing the multiple segmentation bases which included of geographic, behaviour, and demographic segmentation. NESCAFÉMENUs Segmentation for Consumer Market Geographic Country Malaysia Country religion Asia Demographic Age 12 ― 65+ Gender Male and female Family size 1―5+ Family life circle Single/ married (with or without children) Income Upper low and above Occupation Students, working adult, housewives retired Religion Muslim(mainly), Hindu Buddhist Race Malay, Chinese, Indian others Nationality Malaysian Behavioural Occasions Regular Benefits Quality and convenience User status Potential user and regular user User rates Medium use Loyalty Status Strong and absolute Readiness stage Interested, desirous and intention of buying Attitude toward product Positive Table 3: NESCAFÉMENUs Segmentation for Consumer Market Adapt from Major Segmentation Variable for consumer markets by Philip Kotler, Gary Armstrong (2010). Available at Principles of Marketing (13th edition) Chapter 7― Customer-Driven Marketing (Market Segmentation) page 217. Selective marketing (differentiated marketing) ― market-coverage strategy in which a firm decides to target several market segments with separated offers (Philip Kotler, Gary Armstrong 2010). Nestle as leader of global food market applied selective targeting by differentiated their products to numbers of categories that means to target different customer. Categories of product Example of product Targeted customer (in general) ÃÅ" Coffee and Beverage ÃÅ" Nescafe / Milo ÃÅ" All range ÃÅ" Culinary Aids/ Prepared Foods ÃÅ" Maggi ÃÅ" Household, mainly teenager and university students. ÃÅ" Milks ÃÅ" Nespray/ Nesvita ÃÅ" Household ÃÅ" Liquid Drinks ÃÅ" Perrier ÃÅ" Upper middle range ÃÅ" Junior Foods ÃÅ" Nestle Baby Cereals ÃÅ" Parents with baby ÃÅ" Breakfast Cereals ÃÅ" Nestle Breakfast Cereals ÃÅ" Parents with children ÃÅ" Chilled Diary ÃÅ" Nestle Bliss/ Nespray Yogurt ÃÅ" Household ÃÅ" Ice-cream ÃÅ" Nestle ice cream / Drumstick ÃÅ" Parents with children ÃÅ" Chocolate and Confectionery ÃÅ" Kit-Kat / Smarties / Milkybar ÃÅ" All range ÃÅ" Healthcare Nutrition ÃÅ" Nutren Optimum / Fibre / Junior ÃÅ" Household ÃÅ" Performance Nutrition ÃÅ" POWERBAR Performance / Gel ÃÅ" Student working adult ÃÅ" Nestle Professional ÃÅ" Nestle Professional ÃÅ" Medium/ large Companies Table 3: Nestlà ©s products, brand name and their targeted customer. Adapted From Nestle in your life, our brands (Nestle, 2010) From http://www.nestle.com.my/Nestle+In+Your+Life/Our+Brands.htm Nescafe is a convenience product type of consumer product that consumers usually buy frequently, immediately, and with a minimum of comparison and buying effort. Normally low priced and marketers place them in many locations to make them readily available when customers need them (Philip Kotler and Gary Armstrong, 2010). (a) Pricing Strategies Major base pricing strategies à ® Value-based pricing [Everyday low pricing (EDLP)]  § Set reasonably low price but still offer high quality products and adequate customer services. Prices are not the highest in the market nor are the lowest, consistent with the benefits and costs associated with acquiring the product.(O.C. Ferrell Michael D. Hartline, 2008)  § For instant, Nestle(M) re-launched the everyday low price Nestle branded range of Take-Home Tubs with Hi calcium, in line with the Nestle corporate wellness initiatives, to further strengthen the leadership position in the affordable segment. (Nestle, 2008) à ® Competitive Matching Pricing strategy focuses on matching competitors prices and price changes. Although some firms may charge slightly more or slightly less, these firms set prices at what most consider to be the ‘going rate for the industry(O.C. Ferrell Michael D. Hartline, 2008). Nestle set the Nescafe Menu according to the ‘going rate whereby market the 15-pack bags at the recommended retail prices of RM12.90 which is almost the same with the Old Towns white coffee (RM12.90) Strategies for adjusting à ® Promotion discounting Virtually all firms, even those using value-based pricing, will occasionally run special promotions or sales to attract customers and create excitement (O.C. Ferrell Michael D. Hartline, 2008). Nestle uses this strategy to attract new and old customer and increase their sales during promotion. à ® Reference pricing Firms use reference pricing when they compare the actual selling price to an internal or external reference price. All customer use internal reference prices or the internal expectation for what a product should cost. As consumers, our experiences have given us a reasonable expectation of how much to pay for the product (O.C. Ferrell Michael D. Hartline, 2008). A pack of 15 pack-bags coffee cost above RM7.90 above and at the average price of RM11.50 to RM13.50 thus consumer expectation price also will be around that ‘reference price. (b) Product Strategies The launched of New Nescafe Menu is using product line extensions strategy by adding new flavours of coffee to Nescafe brand. These products supplement an existing product line with new styles, models, features or flavour and it allow the firm to keep its product fresh and exciting with minimal development cost and risk of market failure (O.C. Ferrell Michael D. Hartline, 2008). Product Strategies Branding strategy * Line extensions à ® It occurs when a company extends existing brand names to new forms, colours, sizes, ingredients, or flavours of an existing product category. (Philip Kotler and Gary Armstrong, 2010) à ® In this scenario, Nescafe introduce the new Nescafe menu by proving three new flavour of coffee to meet consumer variety. Packing and labelling * Nescafe Menu used a simple design by implements the photo of beverages in the packing and picks the colour to suit the beverages. * A big and clear brand name is spot in the top of the packing. * 15-pack bags at the recommended retail prices of RM12.90 * Nescafe also provide 3 flavour in a box of 6-pack bags for consumer who want to have a try for all the flavour. Customer Support Service * According to O.C. Ferrell Michael D. Hartline (2008), a firm may have difficulty differentiating its products when all products in a market have essentially the same quality, features, or benefits. In such cases, providing good customer support ― both before and after the sale helps in identifying and defining consumer needs. * Nestle provides the toll-free customer service line (1800 88 3433) in order to help them to know more about consumers needs and strengthen the current position. Product Life Cycle ― Nescafe Introduction stage i. Attracting customer by raising awareness of and interest in the product offering though advertising, public relation and publicity efforts that connect key product benefits to customers needs and wants (O.C. Ferrell Michael D. Hartline, 2008). First, Nestle make the official launch for new product included Press conference then advertising their product through newspaper, radio and television. ii. Inducing customer to try and buy the product through the use of various sale tools and pricing activities (O.C. Ferrell Michael D. Hartline, 2008). Nestle conducts free testing section, gives free samples to customer at hypermarket and offers their product in cheaper price during the promotion of new launched product. iii. Furthermore, Nestle ensure there is high availability and visibility of the product through trade promotion activities that encourage channel (hypermarket, convenient store and etc) to stock and support the product (O.C. Ferrell Michael D. Hartline, 2008). Growth stage i. Nescafe has a strong branding, high quality with reasonable price to secure their market position. ii. Utilize advertising to stress the products benefits for target customer (O.C. Ferrell Michael D. Hartline, 2008). iii. Maintain and control over product quality to ensure customer satisfaction (O.C. Ferrell Michael D. Hartline, 2008). For example, Nestle collect the customers feedback through their customer service line and email. iv. Contact with key channel especially retailers to get a better shelf space that easily catch customers eyes. Maturity stage i. Nescafe manage to hold the 70% market share of the Malaysian market share with its soluble coffee ranges (Don Howat, 2009) ii. Nestle able to create cash flow and invest it for new products or technology to improve their companys portfolio. iii. At this stage, Nescafe also develop a new product image and apply the new technology to their products. (c) Distribution strategy Nestle uses the indirect marketing channel with intensive distribution that makes a product available in the maximum number of merchants or outlets in each area to gain as much exposure and as many sales opportunity as possible (O.C. Ferrell Michael D. Hartline, 2008). Multiple customer-marketing channel Adapted from Business (tenth edition)by William M. Pride, Robert J. Hughes, Jack R. Kapoor, 2009. Available at http://books.google.com.my/books?id=zb0cItqvLJUCpg=PT427dq=customer+marketing+channelhl=enei=PNa4S6_3I4SyrAfPpfXDCgsa=Xoi=book_resultct=resultresnum=7ved=0CFMQ6AEwBg#v=onepageq=customer%20marketing%20channelf=false Nestlà © as the producer keep the product in their national distribution centre which is used as the main logistic function ― warehouse. Next, wholesaler represent hypermarket that gets the products for the agent (sales office) and then sell it to retailer and customer. (d) Promotion strategy Nestle applied the promotion mix as the promotion strategies. Nescafe use product advertising to promote the image, features, uses, benefits, and distribution of products (O.C. Ferrell Michael D. Hartline, 2008). They present their advertising through television, radio, magazines, newspapers, outdoor display and the internet. Thus, consumers can have a look of the physical evidence of the product. Public relations can be referring to the process in the 7Ps of the marketing mix. It used to promote the firms, its people, its ideas, and its image and even to create an internal shared understanding among employees and can create specific images such as quality, innovativeness, value, or concern for social issues (O.C. Ferrell Michael D. Hartline, 2008). Nestle uses different methods such as press conferences, press releases and event sponsorship. For instant, Nescafe organizes press conferences and releases official press to announce the launch of the Nescafe Menu. Personal selling refers to personal presentation by the firms sales force for the purpose of making sales and building customer relationships. Sales people (as one of the 7Ps of marketing mix) will carry out the communication that attempts to inform customers about products and persuade them to purchase those products. Nestle uses the 6 sales offices and their employees to sell their products. Sales promotion direct towards consumers and trade is applied. Nestle gives sale promotion by giving out samples, point-of-purchase promotion and contests. For example, Nestle promotes different contests for their product seasonally to create excitement for consumers and increase the sales. Moreover, they offer trade allowance and selling incentives offered to an intermediarys sales force. Conclusion and recommendations In conclusion, Nestle group is a strong financial corporate and Nestle Malaysia is a Multinational company that have a bright future in exporting Halal product to more countries out of Asia. The ‘born of the new Nescafe Menu means a revolution of Nescafe beverages by offers local-styled coffee according to consumers needs. Furthermore, I discovered that Nestle do not have a brand that offers tea beverages as new line of product and attract non-coffee drinker to be Nestlà ©s consumer. Moreover, Nescafe ought to provide all their beverages in can so that it easy to carry to everywhere and enjoy it at anytime. As the awareness of health issues is rising rapidly in Malaysia, Nestle should provides their product with low sugar range or replace it with sugar cane which is more healthier compare to fine sugar. Lastly, Nestle should re-design their logo, label and packing as it rated as less attractive compare to its competitor. As the fast-development of multimedia, Nestle should fully utilize it in their packing and advertisement to suit the new generation. Reference Books and e-books Principle of Marketing 13th edition by Philips Kotler Gary Armstrong, 2010. United State of America, Pearson Prentice Hall. Marketing Strategy (global edition) 4th edition by O.C Farrell Michael D. Hartline ,2008. United State of America, Thomas South-Western. Business (tenth edition)by William M. Pride, Robert J. Hughes, Jack R. Kapoor, 2009. (Online) Available at http://books.google.com.my/books?id=zb0cItqvLJUCpg=PT427dq=customer+marketing+channelhl=enei=PNa4S6_3I4SyrAfPpfXDCgsa=Xoi=book_resultct=resultresnum=7ved=0CFMQ6AEwBg#v=onepageq=customer%20marketing%20channelf=false [accessed at 20th March 2010] Introduction to marketing conceptsBy Graeme Drummond, John Ensor, fifth edition

Sophists Essay -- Philosophy, Socrates, Plato, Gorgias, Aristotles

Sophists have been perpetuated in the history of philosophy primarily due to their most fierce critic Plato and his Gorgias, where Socrates brings profound accusations against the practice of sophists and declares notoriously rhetoric to be a part of flattery (ÃŽ ºÃŽ ¿ÃŽ »ÃŽ ±ÃŽ ºÃŽ µÃŽ ¯ÃŽ ±, 463c). This paper focuses on the responses to sophists’ practices by Plato and Aristotle, analysing on the one hand criticism made on their practice, on the other, however, trying to evaluate in which respect the responses of the two philosophers differ. Thus, taking the polemic of sophists as a starting point, the paper moves forward into discussing the fundamental differences in the treatment of rhetoric as perceived by Plato and Aristotle. For this reason (and in order to present a fuller account of Plato’s theory of rhetoric) not only Plato’s Gorgias, but also his Phaedrus is incorporated to the following analysis. Plato on sophists and rhetoric In Gorgias Plato claims that rhetoric is not a Ï„Î ­Ãâ€¡ÃŽ ½ÃŽ · (462b) and his accusations against sophists or rhetoricians seem to be reducible to three closely related arguments: first, that rhetoric doesn’t have its own subject (that would make it a Ï„Î ­Ãâ€¡ÃŽ ½ÃŽ ·); second (and most importantly) that it lacks the theoretical basis that is necessary for a Ï„Î ­Ãâ€¡ÃŽ ½ÃŽ ·, and thirdly that rhetoric is used for morally base intentions and pursuits, which corrupt the souls of the citizenship (503a). And, as will be apparent below, a discussion of these problems is offered both in Plato’s theory of true rhetoric in Phaedrus as well as in Aristotle’s treatment of rhetoric in his Rhetoric. Thus, the above presented accusations are latently put forward also in Phaedrus, where Plato presents his positive concept of rhetoric, yet which obviously sta... ...or Plato actually) rhetoric ‘happens’ (McCabe 1994: 152), the sophistic practice has an impact on its audience and thus it must be possible to find out the underlying system of this practice (1.1.1) that would enable one to call it an art. Further, it seems that Aristotle’s response is in some sense more fundamentally a response to Plato, at least in terms of taking the problems Plato articulates in his Gorgias as well as in his Phaedrus into serious consideration, and building up his own theory that would not suffer of the problems demonstrated in Plato’s works. Thus, Aristotle is very profoundly in a dialogue with Plato, accepting some of his criticism against the sophists (rhetoric should be basically a rational practice, with morally-neutral pursuits), while rejecting others (the appeal to emotions plays an important part in Aristotle’s theory, for example).

Operation of Commercial Banks in Bangladesh

Term Paper On Operation of Commercial Banks in Bangladesh Term Paper On Operations of Commercial Banks in Bangladesh Financial Institutions & Markets (FIN 335) Summer 2012 Submitted To Md Lutfur Rahman Assistant Professor Department of Business Administration East West University Submitted by Srabonty MazumderMd. Saddam HossenMd. Mehedi HasanMd. Nazmul Hasan BhuyanSanjana Ahmed| 2009-2-10-0212009-3-10-031 2009-3-10-0762009-3-10-0222008-3-10-101| Section:02 Date of Submission: April 18, 2012 Letter of TransmittalApril18, 2012 Md Lutfur Rahman Assistant Professor Department of Business Administration East West University Subject: Submission of Assignment. Dear Sir: We are very pleased to submit this term paper on â€Å"Operations of Bank management in Bangladesh. † as you have authorized us to in this semester. We are honored to prepare this term paper under your guidance since it gave us the opportunity to know the operations of different commercial bank in Bangladesh and a lso know the product and service offered by that bank.And we explore which bank provides unique product and service for their customers and which way they provide. We analyze its offered product comparative scenario in respective to the other type of commercial bank. We tried our level best to accumulate the information for you as comprehensive as possible. We will be obliged to provide further clarification on this report whenever necessary. Sincerely Yours, Srabonty Mzumder [2009-2-10-021] ________________ Md. Saddam Hossen [2009-3-10-031]________________ Md.Mehedi Hasan [2009-3-10-076]________________ Md. Nazmul Hasan Bhuyan [2009-3-10-022]________________ Sanjana Ahmed [2008-3-10-101]________________ Acknowledgement We would like to express our gratitude and indebtedness to our honorable faculty Md Lutfur Rahman, Assistant Professor, Department of Business Administration, East West University (EWU). With his inexhaustible guidance, valuable advice, continuous inspiration, constr uctive criticism and generosity she helped us to carry out this report successfully.We would also like to express our gratitude to the website that helped us to gather all the necessary information. Finally, we would like to thank to all group members that directly or indirectly helped us to provide and accumulate all the necessary information for the accomplishment of this assignment. Table of Content Executive Summary 1. Introduction: There are different kind commercial bank that are operating their business in Bangladesh like state owned commercial bank, private owned commercial bank, some multinational bank, Islamic bank etc. ach type of bank offer different kind of product and service for their client. These commercial offer different types of deposits service and also offer different types of credit service. So we analyze the comparative situation in one bank offered product and service with another bank. 2. 1. Origin of the report:  This report originates to fulfill the req uirement of studying Financial Institutions & Markets, which is the course of BBA Program of East West University. The topic of the report is â€Å"Operation of Commercial Banks in Bangladesh† 2. 2.Objective:  The purpose of the report is to know the comparative situation among the commercial bank and also to elaborate our knowledge about financial market by analyzing its comparative situation. 2. 3. Scope of the report:  There are huge scopes to prepare the term paper to collecting information, analyze the information and also implement the information. 2. 4. Limitations:  To prepare this report we have faced a lot of problems such as unavailability of lab, electricity problem, unavailability of related books unavailability of information in net etc. 2. 5.Methodology: At first we collect the basic information from internet like related bank websites, and then analyzes the information on the basis of available information. So for the purpose of the report completion collect information from secondary sources. Public and Private commercial Banks in Bangladesh Public Banks: The banking system of Bangladesh is dominated by the 4 Nationalized Commercial Banks In which 3 are totally controlled by government and 1 (Rupali Bank) bank is controlled by both government and private sector. Nationalized Commercial Bank of Bangladesh: * Sonali Bank Agrani Bank * Rupali Bank * Janata Bank For Our Comparison we select Agrani Bank and Sonali Bank Private Banks: Private Banks are the highest growth sector due to the dismal performances of government banks (above). They tend to offer better service and products. Now 39 private commercial banks are operating in Bangladesh. Among them we select Dutch Bangla Bank ltd and BRAC Bank ltd for our comparison. Comparison between Public and Private Banks: 1. Personal Banking: As public Bank Agrani Bank and Sonali Bank offer Personal banking products for their current and potential customers.On the other hand private bank also provide different types of personal banking service for their current and potential customer. Deposit and loan services are- Product type| Public Bank| Private Bank| Deposit services| Savings bank account, Fixed deposit receipt, Pension schemeSonali Deposit Scheme (SDS)Education Deposit Scheme (EDS)Medicare Deposit Scheme (MDS)Monthly Earning Scheme (MES)Marriage Savings Scheme (MSS)Rural Deposit Scheme (RDS) andDouble Benefit Scheme (DBS)Credit Schemes| Convertible Taka Account.Current Deposit AccountCurrent Deposit Account BankExporter’s FC DepositForeign Current AccountNon- convertible Taka Account Saving deposit AccountShort Term Deposit AccountShort Team Deposit Bank Account| Loan Sevices| Home loan, Consumer loan, Advance against salaryConsumer Credit Special Small Credit IT Finance Loan for Diagnostic Center Loan scheme for Employment Abroad | Auto Line Care Line Dreams comes true LineEducation LineFestival LineFull Secured Line General LineHome Line: Marriage Li ne Professional LineTravel line| 2. Business support And Industry Development Products :With a view to building up a fund of Tk. 500 crore for financing industrial projects,  Agrani Bank  introduced  Agrani Bank Shilpa Unnayan Bond  in 1999. There are two types of bonds – 5 and 7 years. The lowest denomination is Tk. 50,000 and highest one is of Tk. 500,000. Interest rate is good enough to attract people. Major credit Schemes for business people are Industrial Credit, Trade Finance, Import Finance and Export Finance. If you are a deserving candidate for any of them, or you need any documentary support from  Agrani Bank, you may visit to any branch of  Agrani Bank.For industrial development of the country  Sonali Bank  provides long term loan against new industries and BMRE program of existing industries. Under different schemes it addresses thrust sector, Garments, Tourism, Hospital, Pharmaceutical, Power Plant and many more. Compare to Public banks with priva te bank : Also offer different type of loan facilities that’s interest rate is generally floated interest rate. 3. Agri & Rural Banking product : Now bottom line farmers may have a bank account depositing Tk. 10 only. Agrani Bank  provides this service to rural areas in Bangladesh.Young generation intending to go abroad for jobs may have loan for their air tickets and other expenses against nominal securities. Other rural economical activities are also supported by  Agrani Bank  credit programs. The areas addressed are Cultivation (flower and others), Fisheries, and Poultry, Purchasing Agriculture and irrigation machinery and ploughing animals. So it can be said that  Agrani Bank that public bank  is working to promote economic growth of Bangladesh from the very grass root level which is 80% of national economy. 5% of our population lives in rural areas of Bangladesh and 75% earn their living from agriculture. So without boost up of agriculture our economy wonâ €™t grow. Also Sonali Bank as a public bank  very correctly addresses it through the Rural Credit Scheme. The scheme provides loan under the following criteria: * Crop Loan * Special Investment Program * Farming & Off Farming program * Krishi Khamar Rin Karmasuchi * Pond Fisheries Credit Program * Fertilizer Dealers Credit Program * Sugarcane Production Loan Program * Social Forestation ProgramAll these credit programs are very much suitable for our rural people and society and in the mean time these efforts have started to give result. The results are very encouraging. On the other hand private banks Such as Bank Asia and Dutch Bangla bank as private bank, normally focus on the urban people. They don’t have any specific products on the rural or Agricultural sector. Bank Asia has a product â€Å"KIOSH† for the farmer but it is not so popular or useful for the farmer. 4. Microcredit product: For Bangladesh perspective microcredit is necessary.To think about th e poor people of Bangladesh Sonali Bank offer Microcredit. Sonali Bank  being committed for people and society has been participating in the field actively since 2003. About 20 projects under the scheme are in progress. On the other Hand in Private Banks: Such as Bank Asia and Dutch Bangla bank have no specific microcredit product for the lower middle class people of Bangladesh. Their every product is basically for upper class and middle class people. 5. SME Banking product: Small and medium enterprise of the country is one of the deserving sectors for financial support.Agrani Bank  justifiably provides credit to them under different schemes. Agrani Bank  launched a joint venture program named Small Enterprise Development Program (SEDP) with NORAD, a Norwegian agency in 1995. This program was implemented in greater Mymensingh and Faridpur districts. The target fields were rice mill, oil mill, and nursery, repairing shops, fishery, weaving and many more. The bank is presenting micro credit and other supports to land less day labor for alleviation of poverty by generating employment. Agrani Bank  had designed some programs in collaboration with other agencies.One such program is Employment Generation Project for Rural Poor (EGPRP). This program was launched in 1995. All these programs are very much favorable to the micro enterprises and the poor. Terms and conditions are also customer friendly and easy to follow. On the other Hand in Private Banks Private Bank such as Bank Asia and Dutch Bangla Bank has SME banking for the Small and middle enterprise. Bank Asia have 10 SME service branches all over the Bangladesh. They have different 9 SME products that interest rate start from 10-17%. Dutch bangle bank have 3 SME branches.From the branches small and meddle enterprise can borrow from 100000 to 5000000 tk. Floating Interest rate is 17% and collateral 16%. As an entrepreneur must have experience at least 2 (Two) years. 6. Nonresident Bangladeshis customers products : Nonresident Bangladeshis now get banking facility through  Agrani Bank. They may have an account in taka, they may invest in Dollar Bonds. They are also allowed to have an F/C account. To compare with Private Bank Such as Bank Asia and Dutch Bangla Bank gives the account facilities and F/C account for the NRBs . NRBs can also invest in Euro Dollar bonds. . Islamic Banking product: Among the nationalized banks Agrani was the first to introduce Islamic Banking service. Agrani Bank  provides completely interest free Shariah based banking for their clients. Deposit services offer  interest free profit in compliance with Shariah. Agrani Bank, as per its slogan, is always beside the people in their struggle to come up with sustainable economic growth for themselves and for the nation. On the Other Hand Private bank Such as Bank Asia have Islamic banking services in 6 braches such as 3 in Dhaka, 1 in Chittagong and 1 in Sylhet.They provide completely interest free Shariah based banking to the clients. Deposit services offer  interest free profit in compliance with Shariah. Now a day most of the private banks start Islamic Banking Service to attract the all types of people. 8. Internet Banking : Agrani bank and Sonali bank don’t have internet banking services. On the Other Hand Private bank All private banks branches under online banking system will be able to do banking practices using a common server (which is centralized) from where only the branches will be able to enter using a common password.Dutch Bangla Bank and Bank Asia give the below internet banking services for their customers. Internet Banking Services * Check account balance * Take print out of account statement for a particular period   * Transfer fund within your own account * Make payment of mobile phone bill * Recharge your mobile phone as well as others from your account *   Enquire foreign exchange rate * Enquire currency exchange rates. * Acquire information on all our products. * Every transaction report will be sent to clients through e-mail account. *   Can change the password, pin code and respective  mobile number (For All Mobile Operator's). 1. ATM Booth product : Now a day public bank doesn’t offer any ATM facilities for their Clients. On the Other hand With more than 1000 of ATM booths all over the country,  DBBL's has the largest ATM networks in Bangladesh. DBBL offering free access to its ATM network for its subscriber. This network helped  DBBL  gaining more popularity and confidence among subscriber and expanding banking opportunity to mass people. This entire network is being maintained by its own IT staff without any 3rd party dependency Brac Bank also has huge ATM booths facilities for their clients. 12.Credit / Debit Cards Product : Public bank offer credit / debit card facilities in a smaller range such as Sonali Bank Limited are one of the member banks of Q-Cash Consortium. Card holder of Sonali Bank Limited can use ATMs of consortium member banks, Dutch-Bangla bank and BRAC bank limited. Member Banks of Q-Cash Consortium. Agrani bank also give their clients debit card facilities but it not so popular. On the Other Hand Private bank such as Brac Bank offer Credit Card such as 1. Platinam card 2. Universal Card 3. Schedule of charge 4. Payment of Credit Card Bill Debit Card: Visa / Master CardPrepaid Card: 1. Hajj Card 2. Travel Card 3. Schedule of Charge Dutch Bangla Bank also offer different types of Debit, Credit, Prepaid Card and different types of offer & discounts. On the above comparison we see that public bank work with grass root level and more concentrate Last of all previous time Public commercial banks have fewer facilities than private commercial banks but now a day they try to increase their product and service. Private Banks gives a lot of services to their clients. For existence of the market private banks are increasing their products and services.Islamic Banking: Th e key difference is that Islamic Banking is based on Shariah foundation. Thus, all dealing, transaction, business approach, product feature, investment focus, responsibility are derived from the Shariah law, which lead to the significant difference in many part of the operations with as of the traditional. The foundation of Islamic bank is based on the Islamic faith and must stay within the limits of Islamic Law or the Shariah in all of its actions and deeds. Here, we take two banks for the comparison between Islamic Bank & Traditional bank: * Social Islamic Bank Limited (SIBL) * Shahjalal Islami Bank (SJIBL)Amongst the governing principles of an Islamic bank are: * The absence of interest-based (riba) transactions; * The avoidance of economic activities involving oppression (zulm) * The avoidance of economic activities involving speculation (gharar); * The introduction of an Islamic tax, zakat; * The discouragement of the production of goods and services which contradict the Is lamic value (haram) Traditional Banking: On the other hand, traditional banking is essentially based on the debtor-creditor relationship between the depositors and the bank on one hand, and between the borrowers and the bank on the other.Interest is considered to be the price of credit, reflecting the opportunity cost of money. Among of many traditional banks we take two, those are: * National bank. * Brac Bank Comparison Between Islamic Banking And Traditional Banking: 1. Functions And Operating Modes: The functions and operating modes of SJIBL & SIBL banks are based on the principles of Islamic  Shariah. On the other hand BRAC Bank & National Bank are based on man maid principles 2. Interest Rate: SJIBL & SIBL do not used to fixed up the interest rate for their offering asset & liability products as like as traditional banks deal with. t promotes risk sharing between provider of capital (investor) and the user of funds (entrepreneur). Besides, The investor is ass ured of a predetermined rate of interest. They have fixed rate of interest. Example: In BRAC bank, they have â€Å"Prapti Current account† & their interest rate is given below: Amount of Balance| Specific Interest Rate| 0 – Below 5,000| 0%| 5,000 – Below 100,000| 1%| 100,000 – Below 250,000| 2%| 250,000 – Below 500,000| 3%| 500,000 & Above| 4%| | 3. Profit Maximization: Both of them SJIBL & SIBL aims at maximizing profit but subject to  Shariah  restrictions.Besides they just shares profit & loss both. Example: They offer Al Wadiah Current Deposit Accounts. Where have No profit on Al Wadiah Current Deposit Account balances. Al-Wadiah current deposit account holder have no risk. In contrast, National bank ltd. & BRAC Bank has the aim of maximizing profit without any restriction. In contrast, SIBL & SJIBL share their profit & loss with their clients that indicates they don’t fixed up interest rate as aforementio ned in traditional banking system. 4. Provided Loan Modes: Islamic law considers a loan to be given or taken, free of charge, to meet any contingency.So, The SJIBL & SIBL have no provision to charge any extra money from the defaulters. Only small amount of compensation and these proceeds is given to charity. Rebates are given for early settlement at the Bank's discretion. Example: Al Wadiah Current Deposit Accounts Payment on Accounts demand Funds in the Al Wadiah Current Deposit shall be payable on demand and the Bank guarantees repayment of such funds in full, less the Bank charges Besides. Lending money and getting it back with compounding interest is the fundamental function for both of them.They can charge additional money (penalty and compounded interest) in case of defaulters. 5. Since SJIBL ;amp; SIBL shares profit and loss, they pay greater attention to developing project appraisal and evaluations. Example: Al Wadiah Current Deposit Accounts. No profit on Al Wadiah Curr ent Deposit Account balances shall be allowed and the Bank at its own discretion uses the funds of Al-Wadiah current deposit accounts without any risk to the account holder. 6. Projects Development: The SJIBL ;amp; SIBL gives greater emphasis on the viability of the projects.In the comparison of BRAC bank ;amp; NBL banks’ income from the advances is fixed, it gives little importance to developing expertise in project appraisal and evaluations. 7. Deposits Accounts: Most importantly SJIBL ;amp; SIBL can only guarantee deposits for deposit account, which is based on the principle of  al-wadiah, thus the depositors are guaranteed repayment of their funds, however if the account is based on the mudarabah concept, client have to share in a loss position. * Al Wadiah Current Deposit Accounts * Mudaraba Savings Deposit Accounts Mudaraba Term Deposit Accounts * Mudaraba Short Notice Deposit Accounts In contrast, BRAC Bank have these types of deposits * Probashi Current Account * Pr obashi Savings Account * Probashi Fixed Deposit * Probashi DPS * Probashi Abiram In these accounts client don’t have to share in a loss position. 8. Zakat collection: In the modern Islamic banking system, it has become one of the service-oriented functions of the SJIBL ;amp; SIBL to be a Zakat Collection Centre and they also pay out their Zakat. They does not deal with  Ã¢â‚¬Å"Zakat,† as Islamic bank usually does. 9.Islamic Mode of Investment: Participation in partnership business is the fundamental function for both of them. * Participation Of partnership business Example: SIBL provide â€Å"Musharaka† service. It means means partnership business. Every partner has to provide more or less equity funds in this partnership business. Both the Bank and the investment client reserve the right to share in the management of the business. But the Bank may opt to permit the investment client to operate the whole business. In practice, the investment client normally con ducts the business.The profit is divided between the bank and the investment client at a predetermined ratio. Loss, if any, is to be borne by the bank and the investment client according to capital ratio. * The status of SJIBL ;amp; SIBL in relation to its clients is that of partners, investors and trader, buyer and seller. Example: Bai-Muazzal. Bai-Muajjal is a contract between Buyer and Seller under which the seller sells certain specific goods ( permissible under Shariah and Law of the country ), to the Buyer at an agreed fixed price payable at a certain fixed future date in lump sum or within a fixed period by fixed installments.The seller may also sell the goods purchased by him as per order and specification of the Buyer. In Bank's perspective, Bai-Muajjal is treated as a contract between the Bank and the Client under which the bank sells to the Client certain specified goods, purchased as per order and specification of the Client at an agreed price payable within a fixed futu re date in lump sum or by fixed installments. | IN contrast, BRAC bank has * Probashi Wage Earnes bond * US $ premium & Investment Bond Probashi Biniyog Probashi Wage Earners' Bond| | Probashi Wage Earner Development Bond (WEDB) is a product designed by Bangladesh Central bank for Bangladeshi national living abroad. The objective of this product is to encourage the NRBs to invest their hard earned money to purchase WEDB on which the government guarantees a fixed interest rate. | | US Dollar Premium ;amp; Investment Bond| | US Dollar Premium Bond is a product designed by Bangladesh Central bank for Bangladeshi national living abroad.The objective of this product is to encourage the NRBs to invest their hard earned money to purchase WEDB on which the government guarantees a fixed interest rate. | Probashi Biniyog| | BRAC Bank Limited offers ‘Probashi Biniyog' a product that exclusively provides Non-Resident Bangladeshis (NRBs) the opportunity to invest in the Bangladeshi Cap ital Market through a Beneficiary Owner's (BO) account which will be funded by a Non Resident Investor's Taka Account (NITA). Both BO account and NITA will be held with BRAC Bank Limited. | 9. Conclusions:In the conclusion we have differentiated different types of products of private and public banks, Islamic and traditional bank and local and multinational bank in Bangladesh. Basically we try representing a clear picture among two banks products base on their deposit products, loan products, ATM, cards, Interest rate , branch , SME product , rural ;amp; agriculture products. To compare their products we have used company website, visited the banks and talked with the employees of the banks. That has enriched the differentiation among different banks. 10. Reference

Mbti Analysis

Identify the 4 letter MBTI preference for each member of your team. Harun INAK: ESFJ Koray OKSAY: ESFJ Deniz KORKMAZ: ENTP Ayd? n BIRIK: ENTP Firdevs TUNC: INFP Our group is an ENFP. 2. What is your team's MBTI profile (#E /#I, #S /#N, #T / #F, # J / #P? What does the MBTI profile tell you about the way your team may work together (strengths and potential challenges)? †¢ Team: ENFP †¢ E = 4 / I = 1 †¢ S = 2 / N = 3 †¢ T = 2 / F =3 †¢ J = 2 / P = 3 Our group is an ENFP. All other types exist in our group. This is the strength for us and we have good communication skills. We are mostly very perceptive about people's thought and motives and strive for â€Å"win-win† situations as motivational, inspirational; bring out the best in others We have some potential challenges in group; we are not good at conflict and critism. We mostly are easily bored with routine, repetitive tasks and don't pay attention to their own needs 3. How will you work together to leverage your strengths and potential challenges? Our biggest strenght is all other types exist in our group; We have two T (thinker) thats mean Deniz and Aydin are comfortable with conflict and tend to point of view then chances. We have two S (sensing) Koray and Harun are patient with routine, tested ideas. 4. What did your team learn from applying and discussing the tool for this week? Our team learned a lot while discussing the tool ,and it contributed a lot to our intercommunication skills within the team. First of all, we had more clear understanding of each others priorities and working character. During the project we will delegate tasks based on the results of our individual characters. Secondly, we understood that we have such a distributed and diverse Psychological Types in our team which gives us a lot of room for development, and accomplishment against various types of problems. Our team is made out of very different types making us capable of approaching at challenges in different aspects. As a result, we learned that our team is evenly distributed and has a very good balance. 5. Based on your analysis, what specific steps will your team take to improve the way you work We definitely need a meeting as it is decided Tuesday in the team charter. At that meeting, that week's assignment and all the deliverables must be determined to overcome possible confusion before due time. Meeting agenda is important to stay focused on the assignment. These 2 step should be followed strictly to prevent possible conflicts.