California-Illini Manufacturing Case Study Example | Topics and Well Written Essays - 1000 words

California-Illini Manufacturing - Case Study Example Their cost reduction strategy though seemed efficient; it was not able to compete well in the short run. The Cl’s standard cost system and the high levels of work-in-progress had impacts on its cost reduction strategy. However, the new Production Control/Inventory Control (PCIC) Manager is seen working on the right track, by implementing new strategies to manage the constraints to restrict the company form producing and building higher inventory levels for products not having sufficient demand. Thus, implementing a Theory of constraint approach would be most suitable for the Company to manage the human and material resources well. Problem Statement Competitive strategy, in the normal sense refers to the way a company can achieve a competitive advantage in its operating market while choosing a distinctive way of competing. California-Illini Manufacturing Company is able to compete in the global market by making the maximum use of their competitive strategy. They are the largest producers of plain and hard-faced replacement tillage tools in the United States. They concentrate more on handmade tillage tools. They use expensive metal pieces and metal forged metals in the production process, together with using manual electric arc welders. In the global market, there is greater opportunity for handmade products, especially for machineries and automobiles. For example, handmade vehicles, such as the Lamborghini cars are highly demanded as well as more expensive, because the extensive efforts and labor to produce the vehicle has attributed it to be better built. However, their line of industry in America as well as in the global market is getting very competitive. Products with cheaper rates are brought into the market, which makes the market more and more competitive. In spite of all these conditions, there is still a considerable market for the handmade, rugged, American machineries and tools. Therefore, the company can stick to their design and competitive s trategy and bring products into the market, from their family built, third-generation Company. They have the advantage of utilizing the quality of tools as their trademark. Causes of the Problem The California-Illini Manufacturing Company’s cost reduction strategy is attributed to the various market conditions and global economic stipulations. During 1980s, when President Reagan was in his first term, an economic downturn struck the global market. The slow down in the market caused many global companies like the California-Illini Manufacturing to struggle. The company was in need of formulating a strategy as its cash flow was poor and the inventory levels were down. They had to find out ways to cut down the cost, increase prices, and develop technology and productivity. However, the cost reduction strategy formulated by the management faced some unexpected failures in the short run. In 1989, the cost cutting strategy was seen failing, firing the operating costs up 20%. The in ventory level was increased by 24% and the net profit continued to slip (California-Illini Manufacturing). The California-Illini Manufacturing Company’s standard Cost system had an impact on the cost reduction strategy. The Company put a cost system into operation to measure performance and profit potentials. Under the cost system, a standard level was ascertained to each element, including material and labor. In the same way, each production manager was evaluated on their

Issues Contributing to Water Scarcity

Issues Contributing to Water Scarcity INTRODUCTION Around 1.2 billion people (almost one-fifth of the worlds population) currently live in areas of physical water scarcity, and 500 million people are approaching this situation (UN-WATER 2014). Although nearly 70 percent of the world is covered by water, only about 2.5 percent is fresh with the rest being saline and ocean-based. However, only 1 percent of our freshwater is easily accessible, with much of it trapped in glaciers and snowfields. Actually, only 0.007 percent of the planets water is available to fuel and feed its 6.8 billion people (National geographic 2014). Clean water is the water that is safe enough to be consumed by humans with low risk of immediate or long term harm (Wikipedia 2014). Water scarcity is the defined as the lack of access to adequate quantities of water for human and environmental uses However, the Water Project (2014) states that water scarcity can be explained in two ways, it is either the dearth of ample water (quantity) or it is the inability to be able to access safe water (quality). In developing countries, finding an infallible headspring of safe water is often tedious and dear. This is known as economic scarcity (a state where although water can be found, it just requires more infrastructure to access it). However, other areas experience physical scarcity, a situation where the water available is not sufficient. (The water project 2014). This essay will aim to describe the issues that may have contributed to water scarcity. FACTORS CONTRIBUTING TO WATER SCARCITY The issue of water scarcity is quite a thriving one, whilst the worlds population tripled in the 20th century, the amount of freshwater on earth has remained fairly constant. This means that yearly, the competition for a safe and copious supply of water intensifies. Web of Creation (2003) states that the main cause of the shortage of fresh water is global warming. Increase in the average temperature of mountainous areas can result in an altered precipitation mix amidst rainfall and snowfall, with more rain and less snow. This would lead to more flooding and overflow during the rainy seasons, this also results in a reduced amount of water that is usually held in glaciers for use during dry seasons. These mountain glaciers are all liquefying. The snow mass in the Himalayas, (the third largest in the world) is now beginning to wince at an increasing rate rate. Every major river in Asia originates in that snow mass. Global issues (2010) points out that another reason for water crisis is the commoditization of water. Promoting water as a commodity has led to an increased control of water by multinational corporations (MNC). The World Bank has encouraged countries around the world to privatize water access in the hope for increased efficiency as well as follow other policies such as removal of subsidies for such provisions. As a result, although there may be many people in terms of market access, the poor have found themselves being shut out as prices have risen beyond affordability. Tread softly (2013) explains that the over extraction of freshwater and other human intrusion with the water cycle is the immediate cause of water scarcity. Over-extraction of ground water has an upfront manifestation in the level of aquifers. If withdrawals (extraction) transcend the natural rate of recharge, the level of an aquifer will fall and ultimately drying up. In parts of India, the level of aquifers is said to have fallen more than 300 metres, this is associated to the dearth of control intensified by a policy of allowing farmers infinite access to water. Given how highly fragmented land ownership is in India, with majority of the populace being farmers, their waterloo is inevitable. India’s rate of extraction of ground water has been growing steadily from a base of 90 Billion cubic metres (bcm) in 1980 to about 251 Billion cubic metres (bcm) in 2010, whilst the rate in the United States has remained rather constant since 1980 (Luthra and Kundu 2013). In Africa south of the Sahara, where agriculture is predominantly rain-fed (that is, it relies on rainfall for water), farmers’ access to water is limited based on time (during droughts and dry seasons) and space (in arid areas). Water scarcity in these regions is not necessarily caused by a physical lack of water. Literally much of the region is primarily considered to suffer from economic water scarcity, which means that investments in water resources and appropriate human capacities are not substantial enough to meet water demands of the population (IFPRI 2013). Another cause of water scarcity could be the increasing rate of pollution of the water available. Majority of the biocides, fertilizers, sewage overflows, oil and grease eventually get into the water systems. The increasing loss of marshlands can be attributed to the fact that these runoff nutrients are not always sanitised by nature before they ultimately enter the body of water. More than 60 percent of US coastal rivers and bays are severely being reduced by nutrient runoff (web of creation 2003). CONCLUSION Increase in population has led to an increased demand for quality water. Water scarcity is a global issue which requires immediate attention. To ensure sustainability, steps should be taken to ensure that water is used in such a manner as it does not reduce the potential for the future generation to have access to quality water. Sustainable practices such as water recycle, minimization, etc. should be implemented to reduce the need for freshwater extraction. REFERENCES Global Issues (2010) Water and Development. [Online] Available at http://www.globalissues.org/article/601/water-and-development [Accessed 18-03-2014] Global Water Forum (2012) Understanding water scarcity: Definitions and measurements. [Online] Available at http://www.globalwaterforum.org/2012/05/07/understanding-water-scarcity-definitions-and-measurements/ [Accessed 10-03-2014] IFPRI (2013) What’s really causing water scarcity in Africa south of the Sahara? [Online] Available at http://www.ifpri.org/blog/what-s-really-causing-water-scarcity-africa-south-sahara [Accessed 18-03-2014] National Geographic (2014) Fresh Water Crisis. [Online] Available at http://environment.nationalgeographic.com/environment/freshwater/freshwater-crisis/#close-modal [Accessed 10-03-2014] Luthra, S. and Kundu, A. (2013) India’s Water Crisis: Causes and Cures. [Online] Available at http://www.nbr.org/research/activity.aspx?id=356#.UyGN9hpdXTo [Accessed 18-03-2014] The water project (2014) Water Scarcity and the Importance of Water. [Online] Available at http://thewaterproject.org/water_scarcity.php [Accessed 10-03-2014] Tread Softly (2013) Causes of Water Scarcity. [Online] Available at http://treadsoftly.net/water-scarcity/causes-of-water-scarcity/ [Accessed 18-03-2014] UN-WATER (2014) International Decade for Action ‘water for life’ 2005-2015. [Online] Available at http://www.un.org/waterforlifedecade/scarcity.shtml [Accessed 18-03-2014] Web of creation (2003) Problem: Fresh Water and Oceans in Danger. [Online] Available at http://www.webofcreation.org/Earth%20Problems/water.htm [Accessed 18-03-2014] Wikipedia (2014) Drinking water. [Online] Available at http://en.wikipedia.org/wiki/Drinking_water [Accessed 09-03-2014]

Women and Interfaith Dialogue :: Essays Papers

Women and Interfaith Dialogue The word dialogue implies a personal encounter, a meeting face to face, where the aim is not to change the other partner in the dialogue, but to risk being changed through the process. For women, the main point of dialogue is to build relationships or to conserve them. "Dialogue among women are more life-oriented; they come out of actual experiences, and they are more clearly oriented to bringing about concrete changes in perception and practice at the very basic level of the lives of people." Women's dialogical practice is an alternative to the traditional men's approach. Most men approach their religious tradition primarily with an intellectual, theological, and doctrinaire commitment. Women's religious positions, however, are not as strict as men's. They initiate discussion, reflection, dialogue, and different opinions. It accentuates the diversity of life styles, types of thinking, tolerance and freedom in expressing individuals' ambitions, and it distinguishes the unique charact er of personalities. There are discernible differences between men and women in their approach to and practice of dialogue; however, these generalizations are not made to stereotype all men as exclusively intellectual and dogmatic and all women as experiential and instinctive. This is not an attempt to idealize women and the dialogue among them; it is only to emphasize the distinctive features that characterize dialogue among women, and introduce some of the conflicts and obstacles that arise. The first unique characteristic of dialogue is the ability of a group of women from all different religious traditions to bond. Women develop interfaith understanding through their relationships with other women. Women tend to know the person first and her faith second. It is through such intentional relationship building that women relate to each other best. In experiencing the other, women also come to know themselves better. They are able to confirm their own faith, convert to another tradition, or become educated about another religious community that exists. As a result, interfaith dialogue enables women to understand each other, other faiths, and their own traditions. In a meeting of men, such a diverse group might have become rather controversial. The second factor is women's flexible approach in representing their traditions. In religious dialogue women tend to make contributions based on the content of their religion in scripture and tradition without being defensive or obstinate. In general, women seem to have a more tolerant understanding of religion, while most men approach their religious tradition as a responsibility that has become part of their understanding of life and reality.

Business Writing: Memoranda Essay

Currently, our policy provides for three kinds of leaves – Vacation Leave, Sick Leave and Bereavement Leave. There is no provision for Emergency Leaves and are deducted on a â€Å"no work, no pay† basis. For those who do not want outright deduction, consideration is given such that, upon request, these are deducted later and applied under our Sick Leave policy rule. In consideration of a request formalized through our Suggestion Box regarding absences which have to be taken due to an emergency, we are pleased to advise you that the following adjustment in the Personnel Policies of Smith, Smith and Smith regarding Vacation Leaves will be made effective from 01 October 2006: ARTICLE 7 VACATION LEAVE The Company shall grant an Annual Vacation Leave with pay of 30 days per calendar year for all regular employees who have rendered one (1) full year of continuous service. A maximum of five (5) days out of these 30 days can be applied as Emergency Leave. An Emergency Leave is defined as leave taken due to unforeseen circumstances such as sickness in the family limited to spouse, children, parents, grandparents, siblings or parents-in-law and events due to force majeure. However, if the said employee entitled thereto fails to use the same vacation leave within a year, she/he shall forfeit the same Vacation Leave. Moreover, any leaves taken beyond what is provided shall be on a no work, no pay basis. If the employee is prevented by the company from taking leave, this rule shall not be applicable. Furthermore, management reserves the right to put any employee on forced vacation leave to give effect thereto. We trust that the above addresses one of our common concerns. Thank you for your support and cooperation.

From the Perspective of the Priest Child Abuser Essay

The article â€Å"A Priest Child Abuser Speaks† from the book Slayer of the Soul was contributed by a priest who wishes to remain anonymous. He is a self-confessed child abuser during his priesthood, and by writing this, he wishes to share his experiences and his gradual climb back into society. He also believes that writing this article would provide a lesson for both the victimizers and their victims, and hopes that the victimizers would avoid committing such hideous wrongs towards their victims. In the article, the priest shares his journey of self-realization as he slowly vaporized the demon that was poisoning his soul and coercing him to do such crimes against children. The priest recalls that he was convicted for abusing children — sexually, psychologically, and emotionally — in the 1980s, and sentenced to 14 months in a minimum security facility. He believes that he was lucky, knowing that a similar child-abusing priest was sentenced for 20 years of hard labor. The priest mentions that life was tough for him both inside and outside of prison. He felt that a lot of people resented him for what he did to children, and believed that what happened was just a lie, no matter how true it was. Some officers, notably a lieutenant who hated him, bullied and toyed with him. Other prisoners were disgusted at his presence, refused to befriend him, or intimidated him often. For his size, he thought that he would not stand a chance, and he saw that avoiding conflict was the best solution. However, not all of these people resented him or was afraid of him. He recalls making some friends while in prison, ranging from guards to cell mates. They supported him and were sympathetic of him, especially at the time when the lieutenant’s abusive nature went a bit overboard. While in prison, he fought for the system to give him therapy for the â€Å"sickness† he believes that he was carrying. He won that appeal, and the court sent him to therapy twice a week. The Sex and Love Addicts Anonymous (SLAA) provided the opportunity for him to realize the root from which this sickness stemmed. While trying to heal himself, he also experienced rejection from close friends and acquaintances. Life was certainly difficult for him who was branded as a â€Å"child abuser,† which is why he wanted to reform himself in order to reenter society. During his SLAA therapies, he recalled his childhood which was filled with fear, anxiety, misfortune, and harassment. It was at that time when he idolized his parish scoutmaster and weirdly fell in love with him, prompting him into having a sexual relationship with him. It was a very traumatic experience that he knew he had to pull out from. He deducted that this might be the root of his â€Å"sickness† all along, as it was reinforced by an authority figure that it was â€Å"okay† to do it. He was also searching for a father figure, since his real father abandoned him and his family, and his mother declared him as the head of the household. When he entered the parish, he wished to help the children who had no father figure and had an emotionally miserable life. Things boiled over, and pretty soon, he was sexually involved with these young boys. One boy told his parents, and this made him realize his mistake. He mustered the strength to tell their parents that they need immediate therapy, but was arrested in the process when one therapist told the police about him. When he finally got out of prison, he wanted to mend the ties with his family and clear things up with them. However, they failed to â€Å"hear him out,† which was the reason that drove him into an unstable state in the first place. He confronted his scoutmaster and felt betrayed by his insights on the issue involving child abuse, telling him that it was wrong while he was regretting the fact that he believed in his scoutmaster. The damage has been done to him, and he believes that he needs to accept the consequences of his actions and just move on. He mentions that it left a black hole in his life, upon which he was initially placing things to fill that void. However, he realized that it was not the right course of action as he was building his life around that hole, completely avoiding it. Thus, he wished to enter the ministry again in order to help others that are trapped in the same dark cell in which he broke out from, although not completely. The priest mentions that gradually, he was able to recover his life and reform himself into the person that everyone knew before the incident. He was also able to reenter society as himself once again. Hence, he wishes to share his experiences to the world through this article in order to let people know that victims could become victimizers themselves one day, if they are not treated immediately. References A priest child abuser speaks. (1990). In S. J. Rossetti (Ed. ), Slayer of the Soul: Child Abuse and the Catholic Church (pp. 99-111). Mystic, CT: Twenty-Third Publications.

Modernism in Another Country Ernest Hemingway Essays

Modernism in Another Country Ernest Hemingway Essays Modernism in Another Country Ernest Hemingway Paper Modernism in Another Country Ernest Hemingway Paper Davenport Jessica Period 3 7 March 2011 Have you ever wondered how modernism went along with the novels that were written in that time? Well â€Å"In Another Country† portrays Modernism and The Harlem Renaissance in many different ways. During this period was when WW1 went on from 1914-1918, The Jazz Age which was know as â€Å"The Roaring Twenties†, and The Great Depression, which included The Dust Bowl and The New Deal. This was just some of the few things that happened. With some of the historical events also came some important people. Edna St. Vincent Millay and Dorthy Parker were the two women who celebrated the clash between the traditional and modern values, celebrating youth, independence, and also freedom from social constraints. Also during this time John Steinbeck was the writer who wrote about the despairs that the population was going through during the dust bowl. During the time of the mass production Sinclair Lewis was just one of the few writers who felt he was being alienated by all of the new values and lifestyles. Along with the different types of things happening there were many different topics and ways that the writers wrote things. Most of the novels were about the war that was going on which was known as â€Å"The Great War† or WW1. In the story â€Å"In Another Country† Hemingway was an injured soldier in Milan, he was one of the very first to try out a new machine that was supposed to help injuries. The doctor that was helping him with his leg injury was hopeful that the machines were going to work and Hemingway would be playing football just like he had been doing before the war. Then he meets another soldier who is getting his mangled hand fixed by the same machines and the doctor also promises him that he will be able to return to fencing but this man finds out that his wife has passed away when he was in Milan and he is devastated about it. That is when Hemingway realizes that he did not deserve his medals and his injury was not heroic action but an accident. One way the piece of literature is an example from the period â€Å"The Harlem Renaissance and Modernism 1910-1940 A Changing Awareness†. McDougall Littell Literature: American Literature. Evanston I11. : Houghton Mifflin Co. , 2008. Print.

Life Events as an Environmental Influences †500 Level Pyschology Research Paper

Life Events as an Environmental Influences – 500 Level Pyschology Research Paper Free Online Research Papers Life Events as an Environmental Influences 500 Level Pyschology Research Paper Stressors are demands made by the internal or external environment that upset individuals’ homeostasis, therefore affecting their physical and psychological well-being and requiring action to restore that balance/equilibrium. Stress is the result of the interaction between a person’s characteristics and the environment. This early research also gave rise to examining buffering (moderating) factors of stress, focusing on the role of social support. The most common measure of stress is by assessing life events. Life events have demonstrated to be predictors of physical and psychological health outcomes. There are three main approaches to measuring stress and life events. The Environmental Perspective, which includes the Checklist measurement of stressful life events (SRRS PERI), Interview measurement of stressful life events (LEDS), Daily and within-day event measurement (DSI Hassles and Uplifts Scale), measurement of chronic stressors. The second approach is the Psychological Perspective, which includes the measurement of stress appraisal (PSS), measurement of affective response. The third approach is the Biological Perspective, including the measurements of stress hormones, cardiovascular responses, the immune response, and muscle tension and skin conductance. There is also debate over if a checklist life events format is effective when compared to a more in-depth life events interview. In the annotated bibliography I discussed the advantages and disadvantages of using both of these types of life events measures. There has been controversy among life events researchers concerning the if the measurement of stress is more accurate when using a major life events scale or a daily hassles scales. I feel that they both complement each other and if when possible should both be used as an assessment tool. Major life events create new daily hassles and daily hassles can compound into a life event. The effect of minor stressors on illness may be partially due to their association with major life events. An example being the birth of a child as a major event may influence health through minor events such as sleep disruption, interruptions of tasks, problems with child’s behavior. Major life events inventories traditional and dominant method used to estimate variations in stress. Checklist measures are the basis of the association between life stress and the occurrence of psychological distress and risk for physical health problems. Despite shortcomings of checklist measures, event inventories yield estimates of stress exposure that are meaningful. Measuring major life events is limited since occur infrequently, which makes recalling events less reliable. Also makes it difficult to establish the relationship between the timing of the event, level of stress, and changes in the symptoms of illnesses. Minor stressful events considered more sensitive measure, since assessment repeated on a daily, weekly, or monthly basis. Topics to take into consideration when assessing Life Events: 1. When measuring Life Events a Coping/defense mechanisms scale should be given as well as another perspective on how stress is being perceived. [The Ways of Coping Checklist – Revised (Folkman et al., 1986) or The Coping Response Inventory (CRI)]. 2. When measuring life events should also administer personality scale (common one used with Life Event literature seems to be Eysenck Personality Inventory) and depression scale (Beck’s Depression Scale common one used with Life Event research). Problems with over-reporting of stress or stress symptoms. 3. Ask SES questions. SES has been highly associated with continued stressors. Example: Thoits, P. A . (1984). Explaining distributions of psychological vulnerability: Lack of social support in the face of life stress. Social Forces,63(2), 453-481. Tested the hypothesis that the psychological vulnerability of disadvantaged persons (e.g., women, the aged, the unmarried, the poor) to undesirable life events can be explained by the joint occurrence of high life-event exposure and low social-support resources in such persons lives. Data from a panel study of 1,106 adults in Chicago were used to examine this hypothesis. Social support was operationalized as the relative presence or absence of an intimate, confiding relationship. Analyses showed that differential vulnerability could not be accounted for by the joint occurrence of undesirable events and lack of support. A significant negative main effect of social support on psychological distress was revealed, suggesting that support counterbalances rather than buffers the impacts of life stress. 4. Timing of assessment significant intervening variable in research outcomes: A. Delayed onset of symptoms or decreasing symptoms since event is distal. Take into account duration of event (still on-going or reoccurring). 5. Use of both physical and psychological measures for further accuracy. 6. Locus of control (controllable versus uncontrollable events) Age related? 7. Viewing life event as simultaneously being negative and positive (ex. Wedding positive event, but does have negative stressors attached to it and vice versus for negative event, such as divorce, relief, etc.) 8. Tailoring life event measures to take into consideration the variation in life events and stressfulness in different life stages: A. Confounding as a problem in relating life events to health status in elderly individuals. Contamination of life events lists by health-related and subjective items. Failure to control for illness existing prior to the life event assessment period. (French, S. L., Knox, V. J., Gekoski, W. L., 1992) Interesting Future Research Topics: 1. An interesting new topic is Stress and Memory as it relates to Alzheimer’s Disease. 2. Research into Eventlessness, a lacking of positive events in a person’ s life, just going through the same routine. This is especially a problem in elderly populations. Life Events and Longevity 3. Post Traumatic Stress Disorder (PTSD) – extreme stressful life events (Use of Minnesota Multiphasic Personality Inventory subscale (MMPI-PTSD) Time of assessment key due to the frequently delayed onset of trauma symptoms. A. War veterans B. Childhood abuse experiences C. Disaster survivors 4. Measuring stress over lifetime. Perceptions changing over time. Sharma, I. Ram, D. (1987). Life event in anxiety neurosis: A study of the effect of intervening variables. Indian Journal of Psychiatry, 29(3), 181-187. Studied 84 patients (aged 16-40 yrs) with anxiety neurosis regarding experience of life events during their lifetimes and in the past 6 mo. Lifetime stress score (LTSS) correlated positively with an anxiety score; family jointness, social support, and socioeconomic status (SES) correlated negatively with the anxiety score. LTSS and SES correlated positively with economic status and social support. LTSS, recent stress score, socioeconomic and economic status, and social support accounted for 50% of the variability in the magnitude of illness; LTSS and family jointness were the most important. Findings highlight the significance of experience of stresses over the lifetime in the production of anxiety symptoms. Research Papers on Life Events as an Environmental Influences - 500 Level Pyschology Research PaperIncorporating Risk and Uncertainty Factor in CapitalThree Concepts of PsychodynamicResearch Process Part OneMind TravelInfluences of Socio-Economic Status of Married MalesHip-Hop is ArtBionic Assembly System: A New Concept of SelfQuebec and CanadaGenetic EngineeringPETSTEL analysis of India

Types of Chemical Reactions (With Examples)

Types of Chemical Reactions (With Examples) A chemical reaction is a process generally characterized by a chemical change in which the starting materials (reactants) are different from the products. Chemical reactions tend to involve the motion of electrons, leading to the formation and breaking of chemical bonds. There are several different types of chemical reactions and more than one way of classifying them. Here are some common reaction types:   Oxidation-Reduction or Redox Reaction In a redox reaction, the oxidation numbers of atoms are changed. Redox reactions may involve the transfer of electrons between chemical species.The reaction that occurs when In which I2 is reduced to I- and S2O32- (thiosulfate anion) is oxidized to S4O62- provides an example of a redox reaction:2 S2O32−(aq) I2(aq) → S4O62−(aq) 2 I−(aq) Direct Combination or Synthesis Reaction In a synthesis reaction, two or more chemical species combine to form a more complex product.A B → ABThe combination of iron and sulfur to form iron (II) sulfide is an example of a synthesis reaction:8 Fe S8 → 8 FeS Chemical Decomposition or Analysis Reaction In a decomposition reaction, a compound is broken into smaller chemical species.AB → A BThe electrolysis of water into oxygen and hydrogen gas is an example of a decomposition reaction:2 H2O → 2 H2 O2 Single Displacement or Substitution Reaction A substitution or single displacement reaction is characterized by one element being displaced from a compound by another element.A BC → AC BAn example of a substitution reaction occurs when zinc combines with hydrochloric acid. The zinc replaces the hydrogen:Zn 2 HCl → ZnCl2 H2 Metathesis or Double Displacement Reaction In a double displacement or metathesis reaction two compounds exchange bonds or ions in order to form different compounds.AB CD → AD CBAn example of a double displacement reaction occurs between sodium chloride and silver nitrate to form sodium nitrate and silver chloride.NaCl(aq) AgNO3(aq) → NaNO3(aq) AgCl(s) Acid-Base Reaction An acid-base reaction is a type of double displacement reaction that occurs between an acid and a base. The H ion in the acid reacts with the OH- ion in the base to form water and an ionic salt:HA BOH → H2O BAThe reaction between hydrobromic acid (HBr) and sodium hydroxide is an example of an acid-base reaction:HBr NaOH → NaBr H2O Combustion A combustion reaction is a type of redox reaction in which a combustible material combines with an oxidizer to form oxidized products and generate heat (exothermic reaction). Usually, in a combustion reaction oxygen combines with another compound to form carbon dioxide and water. An example of a combustion reaction is the burning of naphthalene:C10H8 12 O2 → 10 CO2 4 H2O Isomerization In an isomerization reaction, the structural arrangement of a compound is changed but its net atomic composition remains the same. Hydrolysis Reaction A hydrolysis reaction involves water. The general form for a hydrolysis reaction is:X-(aq) H2O(l) ↔  HX(aq) OH-(aq) The Main Reaction Types There are hundreds or even thousands of types of chemical reactions! If you are asked to name the main 4, 5 or 6 types of  chemical reactions, here is how they are  categorized. The main four types of reactions are direct combination, analysis reaction, single displacement, and double displacement. If youre asked the five main types of reactions, it is these four and then either acid-base or redox (depending who you ask). Keep in mind, a specific chemical reaction may fall into more than one category.

Leadership question 3 Essay Example | Topics and Well Written Essays - 500 words - 1

Leadership question 3 - Essay Example The authors have also attempted to scrutinize leadership through the lens of organizational behaviour. The research conducted over last many years is analysed in this portion in an order to convey the most thorough meaning of leadership. The central lesson is that despite many arguments and discussions, the word leadership is pretty much like an ambiguous image which is open to multiple interpretations on a perceptual level. This is why, the criteria of leadership should be properly understood to acquire grasp over true doctrine of leadership. Understanding the true meaning of leadership is very important because the whole integrity of an organization depends upon this knowledge. This matters because those leaders who are not conscientious enough to explore the doctrine of philosophy make many mistakes. They think that leadership is only about productivity and sales. Without a thorough understanding, the importance of a viable social system is left unacknowledged in the dark. Not only leadership traits, but leadership behaviours and contingencies should also be explored to develop a full understanding and incorporating the things learned into every organizational process. Whenever a definite change is brought in the motivational level of group members by any one member, there is presence of leadership behind that change. This means that leadership translates into affecting others’ ways of perceiving myriad things. Developing the ability to distinguish different leaders from each other also matters a lot because thi s can help a person aspiring to become a leader to appreciate how the best leaders became able to accomplish those tasks which others could not. The things I learned are critically relevant to me and my leadership development because they lay emphasis on all important qualities which should be in a leader. Leadership development and this kind of knowledge are inextricably linked to each other. I understood that a good leader cannot establish a

Lessons to a Stubborn and Rebellious People in a Weary Land Research Paper

Lessons to a Stubborn and Rebellious People in a Weary Land - Research Paper Example Throughout the Old Testament of the Bible, God has used man and his imperfections to teach mankind many lessons, oftentimes using nations and lands outside of Israel to fulfill His divine purpose. Whether it is the Egyptians in the time of Moses, the Philistines in the time of David, the Babylonians in the time of Daniel, or the Persians in the time of Esther, God used His people – the Jews – to achieve mighty works that would serve as examples of faith to future Hebrew generations and as warnings to outside nations that worshiped false gods and opposed His people. But this is not the full picture. God often worked within His own camp – the people of Israel – to expose their corrupt nature, punish them, purge them of their sins, and bring them back into His mercy and blessings. With Adam and Eve, Cain and Abel, Job, Noah, and others figures in the Old Testament, God used traumatic or catastrophic events in order to steer man back on the right path of godli ness and submission to Him. The best place to start when examining how God used the people and places of the Bible is the book of Genesis, which means â€Å"origins† in Greek and â€Å"in the beginning† in Hebrew, (Hamilton 1). And the genesis of mankind, of course, dates back to Adam and Eve in the Garden of Eden, a perfect paradise on earth devoid of any of the toils or strife that we experience every day on earth. But when God put Adam and Eve in the midst of this unblemished land, corruption was speedily on its way. Soon after God created Adam from the dust, He chose to create Eve out of his rib because He said â€Å"It is not good for the man to be alone. I will make a helper suitable for him,† (NIV Study Bible, Gen. 2.18). But not long after God had given the warning not to eat from the tree of the knowledge of good and evil, Satan – through the guise of a serpent – persuaded Eve that God did not want her and Adam to eat the tree’s fruit because He was afraid the y would become like Him. In essence, Satan called God a liar, telling Eve that if she ate the fruit, she would not die, going against what God had said. Eve took the bait, and the horrific legacy of sin has permeated every facet of man’s life ever since. Once Eve and Adam had partaken of that cataclysmic snack, Satan’s wrath of sin, misery, and treachery was ushered into the world. Adam and Eve soon discovered shame, guilt, fear, and all the other trappings that come with sin and disobedience. God quickly banished the first couple from the garden – which was located in the area of modern-day Iraq – and the two experienced grief, pain, and suffering for the first time. Reaping the consequences for this initial disobedience was a tough lesson to learn, and even though the inheritance of this sinful nature has perpetuated for 7,000 years ? from early Old Testament times up through today – God has shown man in many miraculous ways that He has the victo ry over Satan and sin. Cain and Abel were the first offspring to inherit their parents’ sinful nature, yet where there is sin, there is grace. Through these two brothers, we also witness the world’s first sibling rivalry. Whereas the firstborn – Cain – worked the soil and harvested crops, his younger brother Abel tended the flocks as a shepherd. When they went before God to offer a portion of their livelihoods, Cain brought some of his fruits, while

A, Critically explain an account for the equitable maxim equity will Essay

A, Critically explain an account for the equitable maxim equity will not assist a volunteer and B, Critically explain an account for the differences between equitable and common law remedies - Essay Example A donatio mortis causa is where property is transferred to another in expectation that the maker will be dying soon after the item has been transferred. The transfer is conditional that the death is imminent. Such a gift is effective form the moment it has been made subject to the death of the testator soon after making the bequest. The gift is classed as an inter vivos gift such that if the testator does not die as expected the gift will be revoked. Blackstone talks of donatio mortis causa as occurring when a person ‘in his last sickness, apprehending his dissolution near, delivers or causes to be delivered to another the possession of any personal goods to keep in case of his decease’. Swinburne identifies 3 types of donatio mortis causa, these being a gift in anticipation of death, a gift moved by imminent danger which takes effect immediately and a gift where a person in peril of death gives something to the donee that only becomes the property of the donee if the donor dies. The Lord Chancellor disagreed with this stating that only the first of these was a donatio mortis causa. The Lord Chancellor made the comment that the second type would be an inter vivos gift whilst the third type would be a testamentary disposition. ‘for an effectual donatio mortis causa three things must combine: first, the gift or donation must have been made in contemplation, though not necessarily in expectation, of death; secondly, there must have been delivery to the donee of the subject-matter of the gift; and, thirdly, the gift must be made under such circumstances as shew that the thing is to revert to the donor in case he should recover’ As a result of cases such as Sen v. Headley2 the courts have adopted a different approach to the application of donatio mortis causa. The new conditions require that the gift was made in contemplation of death, rather than expectation; that the gift is made subject to the condition that it will only

Practical proposal about ATM fraud Essay Example | Topics and Well Written Essays - 250 words

Practical proposal about ATM fraud - Essay Example Smart phones can be used to make withdrawals and payments in retail stores instead of credit cards. This will protect the PIN numbers and other personal information. According to Abagnale, the use of smart phones will not apply universally as this will require one to become an expert of some electronic gadget, a task that is not so easy. However, technology is just part of the inevitable change that happens as we become more civilized. The same way people got training on computers, is the same way they can get training on use of these efficient gadgets (Abagnale, 108). The investment is actually worthwhile for varied reasons. First, it is impossible to record the PIN as done on an ATM. Secondly; the same smart phone can be used to keep track of one’s expenses as it records when and where the transaction was made. This information can also be accessed through emails. Also, some of these gadgets are so advanced that they also utilize the use of genes and fingerprints. A good example in this case is the use of gene coding in most bank vaults which has proved to be safer over the

Madonna - Hung up Research Paper Example | Topics and Well Written Essays - 500 words

Madonna - Hung up - Research Paper Example Somebody who doesn’t know Madonna otherwise and sees her for the first time in the video can’t tell that the lady has crossed 40’s. The fat woman that dances in the bus is a huge source of inspiration for the women who are obese or overweight. Generally, in our society, fat women are sidelined when it comes to the display of dancing skills since dance is inherently an art of body. However, the fat woman in the video condemns such thinking through her dancing skills. She dances so confidently and nicely in the crowd that the whole crowd is inspired by her. That part of the video was like a one woman’s show. The time was meant for her. Her dance is so perfect and mesmerizing that people either tend to overlook her obesity, or appreciate her obesity. Probably, she would not have looked that graceful dancing had she not been fat. The most important message that has been conveyed through the video in general and the lyrics in particular is that a loving woman is too worthy a possession for a man to lose. In this video, Madonna is shown as a woman who loves her boyfriend so much that she is desperately waiting for his call. She is so obsessed with his love that she would not mind even if her boyfriend calls her late in the night. She is impatient to receive a call from her boyfriend whom she loves so much. Good women are stereotyped to be like this in our society. They have to sacrifice for the men in any way. Madonna does this by waiting for her boyfriend, and yet he is too careless to call her until the end of the video. Madonna makes the audiences realize the importance of such a loving and caring woman in these words, â€Å"I cant keep on waiting for you/I know that youre still hesitating/Dont cry for me/Cause Ill find my way/Youll wake up one day/But itll be too late† (Madonna cited in Avoledo). Ma donna says that her boyfriend would realize her worth when he has lost him. This can be generalized for all women

Copyright Laws and the University of Marylands Academic Integrity Research Paper

Copyright Laws and the University of Marylands Academic Integrity Policy - Research Paper Example This paper will discuss the issue of copyright laws and compares such laws to the University of Maryland’s integrity policy. Copyright according to the Australian’s Attorney General’s Department is a type of legal protection for persons who express original information or ideas in specific forms. According to the department, some of the most common of these forms include moving images, music, visual images, paintings, photographs, computer programs, maps, dramatic works and writing just to mention a few. Copyright in this respect protects not the information or ideas expressed but the form in which they are expressed or fixated. Under the United States’ copyright laws (Clause 8 of the constitution), copyright is defined as the set of exclusive rights that are given to innovators or originators of works. Such rights include copying, distributing and adapting the works. In most countries including the United States of America, copyright does not have to be r egistered but arises at the moment the work is fixated. Once a copyright comes into force, the owner of the copyright has the special rights to control the copying and other exploitative activities that may be performed on the works for a certain period of time. Once this period of time expires, the work goes to the public domain. There are a number of exceptions and limitations that exist to the use of copyrighted material. One such limitation is fair use which requires not the permission of the copyright owner. All other uses of copyrighted materials demand permission from their owners who can opt to license or transfer the ownership exclusively to other parties.

Madonna - Hung up Research Paper Example | Topics and Well Written Essays - 500 words

Madonna - Hung up - Research Paper Example Somebody who doesn’t know Madonna otherwise and sees her for the first time in the video can’t tell that the lady has crossed 40’s. The fat woman that dances in the bus is a huge source of inspiration for the women who are obese or overweight. Generally, in our society, fat women are sidelined when it comes to the display of dancing skills since dance is inherently an art of body. However, the fat woman in the video condemns such thinking through her dancing skills. She dances so confidently and nicely in the crowd that the whole crowd is inspired by her. That part of the video was like a one woman’s show. The time was meant for her. Her dance is so perfect and mesmerizing that people either tend to overlook her obesity, or appreciate her obesity. Probably, she would not have looked that graceful dancing had she not been fat. The most important message that has been conveyed through the video in general and the lyrics in particular is that a loving woman is too worthy a possession for a man to lose. In this video, Madonna is shown as a woman who loves her boyfriend so much that she is desperately waiting for his call. She is so obsessed with his love that she would not mind even if her boyfriend calls her late in the night. She is impatient to receive a call from her boyfriend whom she loves so much. Good women are stereotyped to be like this in our society. They have to sacrifice for the men in any way. Madonna does this by waiting for her boyfriend, and yet he is too careless to call her until the end of the video. Madonna makes the audiences realize the importance of such a loving and caring woman in these words, â€Å"I cant keep on waiting for you/I know that youre still hesitating/Dont cry for me/Cause Ill find my way/Youll wake up one day/But itll be too late† (Madonna cited in Avoledo). Ma donna says that her boyfriend would realize her worth when he has lost him. This can be generalized for all women

Cultual Awareness, Understanding, and Acceptance Essay

Cultual Awareness, Understanding, and Acceptance - Essay Example Holme and Gronlund define subcultures as groups of individuals that, through a value or belief system, make conscious decisions to further differentiate themselves from the other cultural groups to which they might otherwise traditionally belong (Holme and Gronlund, 2005). For example, a child may be born African American and immediately be identified with that culture, but decisions that are made after that, such as religious beliefs, sexual orientation, or other aspects of worldview, may place that child within more narrowly defined subcultures. It is important for educators to have a thorough understanding of both the evangelical Christian and Goth subcultures, albeit for differing reasons. The evangelical Christian subculture, which consists of several Protestant churches, is critical because it is a growing and influential group. According to the US Census Bureau, 43 percent of Georgians identify themselves as evangelical Christians, a figure that closely resembles the 47 percent nationally that identify as evangelicals (Spengler, 2004 and US Census Bureau, 2003). Evangelical Christians must be understood not only because of their power as a group, but also because of their traditionally negative view toward public education. Many evangelical Christians are openly opposed to the secular nature of public education, and many Georgia parents do, in fact, enroll their children in private religious schools. It is important for the public school educator to be conscious and respectful of the strong belief system that may be he ld by evangelical Christian students, while also remaining mindful that unwavering support of the public school system may not exist in the students' homes. The Goth subculture is important for educators to understand primarily because of the stereotypes that exist about it and because of the underlying factors that may drive students toward the lifestyle. The Goth subculture is defined by a macabre style of dress and makeup - typically black clothing and nail polish, perhaps with mascara and even a white foundation makeup on the face - and the use of Christian and sometimes pagan symbolism (Robinson, 2006). The Goth subculture is present in Georgia, with sizable populations in areas such as Atlanta and Athens (Ford, 2006). History demonstrates that other students may be fearful of students who adopt the Goth lifestyle and research has shown that the students who adopt the lifestyle are often troubled, frequently dealing with feelings of isolation, depression, and even the desire to self-harm (Vince, 2006). Naturally, it is pointless and even counterproductive to paint all evangelical Christian and Goth students with the same brush. Without doubt, there are evangelical Christian students whose parents believe strongly in public education, just as there are certainly Goth students who are well adjusted psychologically. However, there are certain beliefs, values and tendencies that run through these groups. Because it is the job of an educator to teach - and to also make a genuine effort to understand - his or her students, it is important to gain an understanding of these two critical subcultures. Research methodology The research methodology for this paper will focus on the analysis of both

Growth of Venture Capital in India

Growth of Venture Capital in India VENTURE CAPITAL:- Venture capital (also known as VC or Venture) is a type of private equity capital typically provided for early-stage, high-potential, growth companies in the interest of generating a return through an eventual realization event such as an IPO or trade sale of the company. Venture capital investments are generally made as cash in exchange for shares in the invested company. It is typical for venture capital investors to identify and back companies in high technology industries such as biotechnology and ICT (information and communication technology). Venture capital firms typically comprise small teams with technology backgrounds scientists, researchers or those with business training or deep industry experience. VCs also take a role in managing entrepreneurial companies at an early stage, thus adding skills as well as capital . Inherent in realizing abnormally high rates of returns is the risk of losing all of ones investment in a given startup company. As a consequence, most venture capital investments are done in a pool format where several investors combine their investments into one large fund that invests in many different startup companies. By investing in the pool format the investors are spreading out their risk to many different investments versus taking the chance of putting all of their monies in one start up firm. A venture capitalist (also known as a VC) is a person or investment firm that makes venture investments, and these venture capitalists are expected to bring managerial and technical expertise as well as capital to their investments. A venture capital fund refers to a pooled investment vehicle (often an LP or LLC) that primarily invests the financial capital of third-party investors in enterprises that are too risky for the standard capital markets or bank loans. Venture capital is also associated with job creation, the knowledge economy and used as a proxy measure of innovation within an economic sector or geography. Venture capital is most attractive for new companies with limited operating history that are too small to raise capital in the public markets and have not reached the point where they are able to secure a bank loan or complete a debt offering. In exchange for the high risk that venture capitalists assume by investing in smaller and less mature companies, venture capitalists usually get significant control over company decisions, in addition to a significant portion of the companys ownership (and consequently value). STRUCTURE OF VENTURE CAPITAL FIRMS:- Venture capital firms are typically structured as partnerships, the general partners of which serve as the managers of the firm and will serve as investment advisors to the venture capital funds raised. This constituency comprises both high net worth individuals and institutions with large amounts of available capital, such as state and private pension funds, university financial endowments, foundations, insurance companies, and pooled investment vehicles, called fund of funds or mutual funds. TYPES OF VENTURE CAPITAL FIRMS:- Depending on business type, the venture capital firm approach differ. When approaching a VC firm, consider their portfolio: Business Cycle: Do they invest in budding or established businesses? Industry: What is their industry focus? Investment: Is their typical investment sufficient for your needs? Location: Are they regional, national or international? Return: What is their expected return on investment? Involvement: What is their involvement level? Targeting specific types of firms will yield the best results when seeking VC financing. The National Venture Capital Association segments dozens of VC firms into ways that might assist you in your search. Many VC firms have diverse portfolios with a range of clients. If this is the case, finding gaps in their portfolio is one strategy that might succeed. ROLES WITHIN VENTURE CAPITAL FIRMS:- Although the titles are not entirely uniform from firm to firm, other positions at venture capital firms include: Venture partners Venture partners are expected to source potential investment opportunities and typically are compensated only for those deals with which they are involved. Entrepreneur-in-residence (EIR) EIRs are experts in a particular domain and perform due diligence on potential deals. EIRs are engaged by venture capital firms temporarily (six to 18 months) and are expected to develop and pitch startup ideas to their host firm. Principal This is a mid-level investment professional position, and often considered a partner-track position. Principals will have been promoted from a senior associate position or who have commensurate experience in another field such as investment banking or management consulting. Associate This is typically the most junior apprentice position within a venture capital firm. After a few successful years, an associate may move up to the senior associate position and potentially principal and beyond. Associates will often have worked for 1-2 years in another field such as investment banking or management consulting. ORIGINS OF MODERN PRIVATE EQUITY:- Before World War II, venture capital investments (originally known as development capital) were primarily the domain of wealthy individuals and families. Today true private equity investments began to emerge marked by the founding of the first two venture capital firms in 1946: American Research and Development Corporation. (ARDC) and J.H. Whitney Company. ARDC was founded by Georges Doriot, the father of venture capitalism to encourage private sector investments in businesses run by soldiers who were returning from World War II. ARDCs significance was primarily that it was the first institutional private equity investment firm that raised capital from sources other than wealthy families although it had several notable investment successes as well. ARDC is credited with the first major venture capital success story when its 1957 investment of $70,000 in Digital Equipment Corporation (DEC) would be valued at over $355 million after the companys initial public offering in 1968. Venture capital firms suffered a temporary downturn in 1974, when the stock market crashed and investors were naturally wary of this new kind of investment fund. THE VENTURE CAPITAL FUNDS IN INDIA:- The concept and origin of Venture Capital, trace its growth, and highlight the venture capital regulations. It has briefly explained about the Chandra Sekhar Committee recommendations, various types of Venture Capital Funds and the venture capital process in India. A simple case on first Venture Capital Fund in India, Technology Development Information Company Of India Ltd., has also developed with concluding remarks. Introduction:- The venture capital investment helps for the growth of innovative entrepreneurships in India. Venture capital has developed as a result of the need to provide non-conventional, risky finance to new ventures based on innovative entrepreneurship. Venture capital is an investment in the form of equity, quasi-equity and sometimes debt straight or conditional, made in new or untried concepts, promoted by a technically or professionally qualified entrepreneur. Venture capital means risk capital. It refers to capital investment, both equity and debt, which carries substantial risk and uncertainties. The risk envisaged may be very high may be so high as to result in total loss or very less so as to result in high gains. THE CONCEPT OF VENTURE CAPITAL :- Venture capital means many things to many people. It is in fact nearly impossible to come across one single definition of the concept. Venture capital is defined as providing seed, start-up and first stage financing and also funding the expansion of companies that have already demonstrated their business potential but do not yet have access to the public securities market or to credit oriented institutional funding sources. The European Venture Capital Association describes it as risk finance for entrepreneurial growth oriented companies. It is investment for the medium or long term return seeking to maximize medium or long term for both parties. It is a partnership with the entrepreneur in which the investor can add value to the company because of his knowledge, experience and contact base. THE ORIGIN OF VENTURE CAPITAL :- In the 1920s 1930s, the wealthy families of and individuals investors provided the start up money for companies that would later become famous. Eastern Airlines and Xerox are the more famous ventures financed. Among the early VC funds set up, was the one by the Rockfeller Family, which started a special fund called VENROCK in 1950, to finance new technology companies. General Doriot, a professor at Harvard Business School, in 1946 set up the American Research and Development Corporation (ARD), the first firm, as opposed to a private individuals, at MIT to finance the commercial promotion of advanced technology, developed in the US Universities. ARDs approach was a classic VC in the sense that it used only equity, invested for long term, and was prepared to live with losers. ARDs investment in Digital Equipment Corporation , 1957 was a watershed in the history of VC financing. While in its early years venture capital may have been associated with high technology, over the years the concept has undergone a change and it implies pooled investment in unlisted companies. MAIN ALTERNATIVES TO VENTURE CAPITAL:- Because of the strict requirements venture capitalists have for potential investments, many entrepreneurs seek initial funding from angel investors, who may be more willing to invest in highly speculative opportunities, or may have a prior relationship with the entrepreneur. Furthermore, many venture capital firms will only seriously evaluate an investment in a start-up otherwise unknown to them if the company can prove at least some of its claims about the technology and/or market potential for its product or services. To achieve this, or even just to avoid the dilutive effects of receiving funding before such claims are proven, many start-ups seek to self-finance until they reach a point where they can credibly approach outside capital providers such as venture capitalists or angel investors. This practice is called bootstrapping. In industries where assets can be securitized effectively because they reliably generate future revenue streams or have a good potential for resale in case of foreclosure, businesses may more cheaply be able to raise debt to finance their growth. Good examples would include asset-intensive extractive industries such as mining, or manufacturing industries. Offshore funding is provided via specialist venture capital trusts which seek to utilise securitization in structuring hybrid multi market transactions via an SPV (special purpose vehicle): a corporate entity that is designed solely for the purpose of the financing. In addition to traditional venture capital and angel networks, groups have emerged which allow groups of small investors or entrepreneurs themselves to compete in a privatized business plan competition where the group itself serves as the investor through a democratic process. Venture capital (VC) arms of companies such as Intel, Cisco, Reliance ADAG, Google and Yahoo are increasing their investments in early stage technology and consumer service start-ups in India. Early Days In the absence of an organised Venture Capital industry until almost 1995, individual investors and development financial institutions played the role of venture capitalists in India. Entrepreneurs have largely depended upon private placements, public offerings and lending by the financial institutions. In 1973, a committee on Development of Small and Medium Enterprises highlighted the need to foster venture capital as a source of funding new entrepreneurs and technology. Thereafter some public sector funds were set up but the activity of venture capital did not gather momentum as the thrust was on high-technology projects funded on a purely financial rather than a holistic basis. REGULATORY GUIDELINES FRAMEWORK:- Later, a study was undertaken by the World Bank, to examine the possibility of developing Venture Capital in the private sector, based on which the Government of India took a policy initiative and announced guidelines for Venture Capital Funds (VCFs) in India in 1988. However, these guidelines restricted setting up of VCFs by the banks or the financial institutions only. Thereafter, the Government of India issued guidelines in September 1995, for overseas investment in Venture Capital in India. For tax-exemption purposes, guidelines were also issued by the Central Board of Direct Taxes (CBDT) and the investments and flow of foreign currency into and out of India have been governed by the Reserve Bank of Indias (RBI) requirements. Further, as a part of its mandate to regulate and to develop the Indian capital markets, the Securities and Exchange Board of India (SEBI) framed the SEBI (Venture Capital Funds) Regulations, 1996. These guidelines were further amended in April 2000 with the objective of fuelling the growth of Venture Capital activities in India. OBJECTIVES AND VISION FOR VENTURE CAPITAL IN INDIA:- Venture capitalists finance innovation and ideas which have potential for high growth but with inherent uncertainties. This makes it a high-risk, high return investment. Apart from finance, venture capitalists provide networking, management and marketing support as well. In the broadest sense, therefore, venture capital connotes financial as well as human capital. In the global venture capital industry, investors and investee firms work together closely in an enabling environment that allows entrepreneurs to focus on value creating ideas and allows venture capitalists to drive the industry through ownership of the levers of control, in return for the provision of capital, skills, information and complementary resources. This very blend of risk financing and hand holding of entrepreneurs by venture capitalists creates an environment particularly suitable for knowledge and technology based enterprises. Scientific, technology and knowledge based ideas properly supported by venture capital can be propelled into a powerful engine of economic growth and wealth creation in a sustainable manner. In various developed and developing economies venture capital has played a significant developmental role. India has the second largest English speaking scientific and technical manpower in the world. The Indian software sector crossed the Rs 100 billion mark turnover during 1998. The sector grew 58% on a year to year basis and exports accounted for Rs 65.3 billion while the domestic market accounted for Rs 35.1 billion. Exports grew by 67% in rupee terms and 55% in US dollar terms. The strength of software professionals grew by 14% in 1997 and has crossed 1,60,000. The global software sector is expected to grow at 12% to 15% per annum for the next 5 to 7 years. Recently, there has also been greater visibility of Indian companies in the US. Given such vast potential not only in IT and software but also in the field of service industries, biotechnology, telecommunications, media and entertainment, medical and health services and other technology based manufacturing and product development, venture capital industry can play a catalytic role to put India on the world map as a success story. WHERE ARE VCS INVESTING IN INDIA? IT and IT-enabled services Software Products (Mainly Enterprise-focused) Wireless/Telecom/Semiconductor Banking PSU Disinvestments Media/Entertainment Bio Technology/Bio Informatics Pharmaceuticals Electronic Manufacturing Retail ISSUES AND CHALLENGES:- Indian Venture Capital yet to be established as a sustainable asset class among institutional investors. Moreover a limited amount of true risk-capital impacts entrepreneurial activity. Exit challenges exist mainly due to shallow capital markets and dull MA environment for small companies. Most importantly, India is yet to create a brand-name for IP-led companies, like Israel has successfully done. THE GROWTH OF VENTURE CAPITAL: A CROSS-CULTURAL COMPARISON The venture capital (VC) industry plays an important role in nurturing entrepreneurship and innovation, and its role varies from country to country. The six countries whose VC industries are analyzed here are the United States and Canada, whose VC industries are mature; Sweden and Denmark, which have established small but successful VC industries; and Israel and Turkey, whose experiences demonstrate the state of the young VC industry in transition economies. The analysis is based on the four main determinants of the VC industry: sources of financing, institutional infrastructure, exit mechanisms, and entrepreneurship and innovation generators. In addition, the special role of VC financing in the biomaterials industry is explained. Understanding the factors that contribute to the emergence of a successful venture capital industry is important for academics, VC associations, policy-making institutions, government agencies, and investors themselves. VENTURE CAPITAL IN INDIA:- In India, the Venture Capital plays a vital role in the development and growth of innovative entrepreneurships. Venture Capital activity in the past was possibly done by the developmental financial institutions like IDBI, ICICI and State Financial Corporations. These institutions promoted entities in the private sector with debt as an instrument of funding. For a long time, funds raised from public were used as a source of Venture Capital. This source however depended a lot on the market vagaries. And with the minimum paid up capital requirements being raised for listing at the stock exchanges, it became difficult for smaller firms with viable projects to raise funds from public. In India, the need for Venture Capital was recognised in the 7th five year plan and long term fiscal policy of GOI. In 1973 a committee on Development of small and medium enterprises highlighted the need to faster VC as a source of funding new entrepreneurs and technology. VC financing really started in India in 1988 with the formation of Technology Development and Information Company of India Ltd. (TDICI) promoted by ICICI and UTI. The first private VC fund was sponsored by Credit Capital Finance Corporation (CFC) and promoted by Bank of India, Asian Development Bank and the Commonwealth Development Corporation viz. Credit Capital Venture Fund. At the same time Gujarat Venture Finance Ltd. and APIDC Venture Capital Ltd. were started by state level financial institutions. VENTURE CAPITAL INVESTMENTS IN INDIA:- The venture capital investment in India till the year 2001 was continuously increased and thereby drastically reduced. It is estimated that there was a tremendous growth by almost 327 percent in 1998-99, 132 percent in 1999-00, and 40 percent in 2000-01 thereafter venture capital investors slow down their investment. Surprisingly, there was a negative growth of 4 percent in 2001-02 it was continued and a 54 percent drastic reduction was recorded in the year 2002-2003. TYPES OF VENTURE CAPITAL FUNDS:- Generally, there are three types of organised or institutional venture capital funds: venture capital funds set up by angel investors, that is, high net worth individual investors; venture capital subsidiaries of corporations and private venture capital firms/ funds. Venture capital subsidiaries are established by major corporations, commercial bank holding companies and other financial institutions. Venture funds in India can be classified on the basis of the type of promoters. VCFs promoted by the Central govt. controlled development financial institutions such as TDICI, by ICICI, Risk capital and Technology Finance Corporation Limited (RCTFC) by the Industrial Finance Corporation of India (IFCI) and Risk Capital Fund by IDBI. VCFs promoted by the state government-controlled development finance institutions such as Andhra Pradesh Venture Capital Limited (APVCL) by Andhra Pradesh State Finance Corporation (APSFC) and Gujarat Venture Finance Company Limited (GVCFL) by Gujarat Industrial Investment Corporation (GIIC). VCFs promoted by Public Sector banks such as Canfina by Canara Bank and SBI-Cap by State Bank of India. VCFs promoted by the foreign banks or private sector companies and financial institutions such as Indus Venture Fund, Credit Capital Venture Fund and Grindlays India Development Fund. VENTURE CAPITAL FUNDING:- Venture capitalists are typically very selective in deciding what to invest in; as a rule of thumb, a fund may invest in one in four hundred opportunities presented to it. Funds are most interested in ventures with exceptionally high growth potential, as only such opportunities are likely capable of providing the financial returns and successful exit event within the required timeframe (typically 3-7 years) that venture capitalists expect. Venture capitalists also are expected to nurture the companies in which they invest, in order to increase the likelihood of reaching an IPO stage when valuations are favorable. Venture capitalists typically assist at four stages in the companys development: Idea generation; Start-up; Ramp up; and Exit There are typically six stages of financing offered in Venture Capital, that correspond to these stages of a companys development. Seed Money: Low level financing needed to prove a new idea (Often provided by angel investors) Start-up: Early stage firms that need funding for expenses associated with marketing and product development First-Round: Early sales and manufacturing funds Second-Round: Working capital for early stage companies that are selling product, but not yet turning a profit Third-Round: Also called Mezzanine financing, this is expansion money for a newly profitable company Fourth-Round: Also called bridge financing, 4th round is intended to finance the going public process WHAT DO VCS LOOK FOR? Venture capitalists are higher risk investors and, in accepting these risks, they desire a higher return on their investment. The venture capitalist manages the risk/reward ratio by only investing in businesses which fit their investment criteria and after having completed extensive due diligence. Venture capitalists have differing operating approaches. These differences may relate to location of the business, the size of the investment, the stage of the company, industry specialization, structure of the investment and involvement of the venture capitalists in the companies activities. The entrepreneur should not be discouraged if one venture capitalist does not wish to proceed with an investment in the company. The rejection may not be a reflection of the quality of the business, but rather a matter of the business not fitting with the venture capitalists particular investment criteria. Often entrepreneurs may want to ask the venture capitalist for other firms that might be interested in the investment opportunity. VENTURE CAPITAL IS NOT SUITABLE FOR ALL BUSINESSES, AS A VENTURE CAPITALIST TYPICALLY SEEKS : Superior Businesses:- Venture capitalists look for companies with superior products or services targeted at large, fast growing or untapped markets with a defensible strategic position such as intellectual property or patents. Quality and Depth of Management:- Venture capitalists must be confident that the firm has the quality and depth in the management team to achieve its aspirations. Venture capitalists seldom seek managerial control, rather they want to add value to the investment where they have particular skills including fund raising, mergers and acquisitions, international marketing, product development, and networks. Appropriate Investment Structure:- As well as the requirement of being an attractive business opportunity, the venture capitalist will also seek to structure a deal to produce the anticipated financial returns to investors. This includes making an investment at a reasonable price per share (valuation). Exit Opportunity:- Lastly, venture capitalists look for the clear exit opportunity for their investment such as public listing or a third party acquisition of the investee company. Once a short list of appropriate venture capitalists has been selected, the entrepreneur can proceed to identify which investors match their funding requirements. At this point, the entrepreneur should contact the venture capital firm and identify an investment manager as an initial contact point. The venture capital firm will ask prospective investee companies for information concerning the product or service, the market analysis, how the company operates, the investment required and how it is to be used, financial projections, and importantly questions about the management team. In reality, all of the above questions should be answered in the Business Plan. Assuming the venture capitalist expresses interest in the investment opportunity, a good business plan is a pre-requisite. METHODS OF VENTURE FINANCING:- Venture capital is typically available in three forms in India, they are: Equity : All VCFs in India provide equity but generally their contribution does not exceed 49 percent of the total equity capital. Thus, the effective control and majority ownership of the firm remains with the entrepreneur. They buy shares of an enterprise with an intention to ultimately sell them off to make capital gains. Conditional Loan: It is repayable in the form of a royalty after the venture is able to generate sales. No interest is paid on such loans. In India, VCFs charge royalty ranging between 2 to 15 percent; actual rate depends on other factors of the venture such as gestation period, cost-flow patterns, riskiness and other factors of the enterprise. Income Note : It is a hybrid security which combines the features of both conventional loan and conditional loan. The entrepreneur has to pay both interest and royalty on sales, but at substantially low rates. Other Financing Methods: A few venture capitalists, particularly in the private sector, have started introducing innovative financial securities like participating debentures, introduced by TCFC is an example. VENTURE CAPITALISTS INVESTING IN INDIA:- For a very long time, Silicon Valley venture capitalists only invested locally. However, throughout the years, they expanded their investments worldwide. Most recently, Matrix Partners, a leading American venture capitalist firm, had announced a $150 million India fund, where they will provide internet, mobile, media, entertainment, leisure, and travel services to customers in Mumbai. Sequoia Capital, a Silicon Valley-based VC firm, wanted to take advantage of investing in start-up companies and had acquired West bridge Capital, an Indian firm, for $350 million. It is no wonder that venture capitalist investments in India have risen dramatically within the past few years. From 2005 to 2007, VC investments in India grew from $320 million to about $777 million, respectively. Some important Venture Capital Funds in India:- APIDC Venture Capital Limited , 1102, Babukhan Estate, Hyderabad 500 001 Canbank Venture Capital Fund Limited, IInd Floor, Kareem Towers, Bangalore Gujarat Venture Capital Fund 1997, Ashram Road, Ahmedabad 380 009 Industrial Venture Capital Limited, Thyagaraya Road, Chennai 600 017 Auto Ancillary Fund Opp. Signals Enclave, New Delhi 110 010 Gujarat Venture Capital Fund 1995 Ashram Road Ahmedabad 380 009 Karnataka Information Technology Venture Capital Fund Cunningham Rd Bangalore India Auto Ancillary Fund Nariman Point, Mumbai 400 021 Information Technology Fund, Nariman Point, Mumbai 400 021 Tamilnadu Infotech Fund Nariman Point, Mumbai 400 021 Orissa Venture Capital Fund Nariman Point Mumbai 400 021 Uttar Pradesh Venture Capital Fund Nariman Point, Mumbai 400 021 SICOM Venture Capital Fund Nariman Point Mumbai 400 021 Punjab Infotech Venture Fund 18 Himalaya Marg, Chandigarh 160 017 National venture fund for software and information technology industry Nariman. DHFL VENTURE CAPITAL INDIA PVT LTD:- DHFL Venture Capital India Pvt. Ltd. (DVCI) provides advisory, managerial and consultancy services to Venture Capital Funds, Venture Capital Managements and Venture Capital Undertakings, related to Indian Real Estate. DVCI is promoted by Dewan Housing Finance Corporation Limited (DHFL), Indias premier second largest housing finance company in the private sector. The Company is presently providing investment management services to DHFL Venture Capital Fund. DHFL Venture Capital Fund was launched in Feb 2006, one of the first private equity Real estate funds in India. The fund is registered with Securities and Exchange Board of India. CANBANK:- Canaan Partners (Canaan) is a global venture capital firm focusing on investments in early stage companies in the technology and healthcare sectors. The firms technology group focuses on digital media, communications, enterprise software, semiconductors, and cleantech. The healthcare group focuses on biopharmaceuticals, devices, and diagnostics. Founded in 1987, the firm has offices in Menlo Park, California; Westport, Connecticut; Gurgaon, India; and Herzliya, Israel. Since inception, Canaan has raised eight funds to date and as of 2009 manages $3 billion in capital. Canbank Venture Capital Fund Ltd (CVCFL) is a wholly owned Subsidiary of Canara Bank. Canbank Venture Capital Fund is Indias First and Only Public Sector Bank sponsored Venture Capital Fund, set up in 1989. The Fund is registered with SEBI. Four Venture Capital Funds with an aggregate corpus of around INR 1200 Million launched till date. The portfolio investments are spread across diverse industrial segments. A Case on Technology Development Information Company Of India Ltd. TDICI was incorporated in January 1988 with the support of the ICICI and the UTI. The countrys first venture fund managed by the TDICI called VECAUS ( Venture Capital Units Scheme) was started with an initial corpus of Rs.20 crore and was completely committed to 37 small and medium enterprises. The first project of the TDICI was loan and equity to a computer software company called Kale Consultants. Present Status: At present the TDICI is administering two UTI -mobilised funds under VECAUS-I and II, totaling Rs.120 crore. the Rs.20 crore invested under the first fund, VECAUS-I, has already yielded returns totaling Rs. 16 crore to its investors. Some of the projects financed by the TDICI are discussed below. MASTEK , a Mumbai based software firm, in which the TDICI invested Rs.42 lakh in equity in 1989, went public just three ye

Handmaids Tale Vs. Fire Dwelle :: essays research papers fc

In the two books Margaret Atwood’s The Handmaid’s Tale, and Margaret Laurence’s The Fire Dweller’s, the protagonists are very different in character. However, both of these women lost their identity due to an outside influence. In each of the books we see the nature of the lost identity, the circumstances which led to this lost identity and the consequences which occurred as a result of this lost identity.   Ã‚  Ã‚  Ã‚  Ã‚  In the book The Handmaid’s Tale by Margaret Atwood our main character (Offred) has had her whole world stolen away by the government of Gilead. This new society is sexually repressed, and is founded by religious extremists. Women are only used to produce children, and have no rights at all in the new world of Gilead.   Ã‚  Ã‚  Ã‚  Ã‚  In the book The Fire Dwellers by Margaret Laurence our main character Stacey MacAindra has been thrown into a life of responsibility. She has an uncommunicative husband who means well, but shows her no love. And four children who she feels are being ruined by her every action. She feels that life has much more to offer than the tediousness of every day routine.   Ã‚  Ã‚  Ã‚  Ã‚  The nature of Offred’s lost identity is very drastic. Before the new religious group of Gilead took over the world she was a very normal every day woman. She did what was expected of her time and continued to do so after the take over. She had a husband and a daughter who she loved very much. But the new society which she lives in love is not permitted. “ If I thought that this would happen again I would die. But this is wrong, nobody dies from lack of sex. It’s lack of love we die from. There’s nobody here I can love, all the people I could love are dead or elsewhere'; . Offred also had the choice of free will before her civilization changed. But then slowly women began to lose all of their rights and were no longer allowed to have jobs or even to use money,   Ã‚  Ã‚  Ã‚  Ã‚  “Sorry, he said. This number is not valid.';   Ã‚  Ã‚  Ã‚  Ã‚  “That’s ridiculous, I said. It must be, I’ve got thousands in my account.';   Ã‚  Ã‚  Ã‚  Ã‚  “It’s not valid, he repeated obstinately. See that red light? Means it’s not   Ã‚  Ã‚  Ã‚  Ã‚  valid,';(p.164). “In the days of anarchy, it was freedom to. Now you are being given freedom from'; (p.24). Social class was not a racial matter before the take over; and each individual was treated equally.

Game Theory (strategic Thinking In Everyday Life) :: essays research papers

Game Theory (Strategic Thinking in Everyday Life) Have you ever been faced with having to live with a decision you made knowing that had you taken the time to analyze the outcomes you may have made a more intelligible choice? Most likely the answer to that question was "yes". After all that is more - or - less is what life is about, a series of choices and the outcomes we are faced to live with as a result of our decisions. Well your probably asking yourself "What does this obvious statement have to do with me?". I'll begin by telling you it has everything to do with you and everything to do with any situation you may confront from this day forward. After - all life is but a game and it is our goal to win. The fundamentals of the "Game Theory will provide us with the basic tools we need to succeed at this game. What is Game Theory? Simply put, it is the study of rational behavior in situations requiring interdependence. Wow! That seems like a pretty heavy statement. Actually it is pretty straight - forward. What is meant by "rational behavior or interdependance?" Rational behavior in game theory is the assumption that moral critique aside, the players in the game will act in a way which provides them with the greatest benefits.. Interdependence is the idea that what one player does will directly affect the other and vice -versa. By players I am talking about any two interdependant variables, whether they be people, countries, animals etc. Game theorist take apart a situation involving two players and systematically analyze their objectives and their potential outcomes. In doing so they are able to create models which replicate the basic motives each player has and diagram the outcomes.. Game theory is something that to some extent all of us have experience in. Game Theory (strategic Thinking In Everyday Life) :: essays research papers Game Theory (Strategic Thinking in Everyday Life) Have you ever been faced with having to live with a decision you made knowing that had you taken the time to analyze the outcomes you may have made a more intelligible choice? Most likely the answer to that question was "yes". After all that is more - or - less is what life is about, a series of choices and the outcomes we are faced to live with as a result of our decisions. Well your probably asking yourself "What does this obvious statement have to do with me?". I'll begin by telling you it has everything to do with you and everything to do with any situation you may confront from this day forward. After - all life is but a game and it is our goal to win. The fundamentals of the "Game Theory will provide us with the basic tools we need to succeed at this game. What is Game Theory? Simply put, it is the study of rational behavior in situations requiring interdependence. Wow! That seems like a pretty heavy statement. Actually it is pretty straight - forward. What is meant by "rational behavior or interdependance?" Rational behavior in game theory is the assumption that moral critique aside, the players in the game will act in a way which provides them with the greatest benefits.. Interdependence is the idea that what one player does will directly affect the other and vice -versa. By players I am talking about any two interdependant variables, whether they be people, countries, animals etc. Game theorist take apart a situation involving two players and systematically analyze their objectives and their potential outcomes. In doing so they are able to create models which replicate the basic motives each player has and diagram the outcomes.. Game theory is something that to some extent all of us have experience in.

Elizbeth Bishop Personal Response Intro Essay

The poetry of Elizabeth Bishop appeals to me because she writes about things which are relevant, in a remarkably vivid and vital way. Bishops misfortune in life has inspired her to write distressing poems in which she describes to us the loss she suffered at an early stage in her childhood. She also tells us about her deepest and darkest moments in life. Out of Bishops troubled life, her poetry was born. Bishop has a painter’s eye and she vividly describes the world around her. She has a keen eye for detail and this is shown in the descriptive language in her poetry. Her strong sense of imagery draws the reader into her poetry. The themes exploded in Bishops poetry have universal appeal. What makes Bishops poetry particularly appealing is her ability to make ordinary everyday objects seem fascinating. Through Bishops poetry we see how close observation leads the poet to have several moments of awareness where she experiences several epiphanies. These moments of awareness are highly dramatic but extremely interesting. The poems ‘Sestina’, ‘First Death In Novia Scotia’, ‘Filling Station’, ‘The Fish’, ‘The Armadillo’ and ‘The Prodigal’ all demonstrate various issues such as nature and childhood memories. What appealed to me most about Bishop’s poetry was her use of striking and powerful imagery. I thoroughly enjoyed ‘The Fish’ for its unusual imagery and detailed description. I was drawn into the poem immediately as she says, ‘I caught a tremendous fish’. She describes the fish as ‘battered’, ‘venerable’ and ‘homely’. Bishop then goes on to compare the fish to everyday domestic items. ‘His brown skin hung in strips / like ancient wallpaper’. I found this statement particularly appealing as it evoked a sense of homely familiarity in me.

Analyse Staff Turnover, Its Cost and Effects on the Business and Develop Strategies to Improve Retention.

Analyse staff turnover, its cost and effects on the business and develop strategies to improve retention. Subject: Human Resource Management MGT 201 Student Name: Brenda Lai (YUN-CHU LAI) Student Number: 00038680T Lecturer: Alison Knight Staff turnover, or labour turnover, is a percentage of a number of employees that leave a firm in a period of time. Reasons for leaving can be voluntary, such as resignation, relocation to another company or any other personal reasons that cause the employees unable to continue the job.It may also be involuntary such as being terminated due to poor job performance, absenteeism or violation of work policies. Companies that have too low or too high turnover rate are generally inefficient and low-productive. Firms that have high turnover rate will have an overall decreasing in competency and productivity because the frequent replacement of workers as well as increasing in costs. However, it is not necessarily true that the lower the turnover rate, the b etter for the business. Businesses that have very low turnover rate could result in a tiring, inactive and demotivating work environment.As employees form the backbone of every organization, it is critical for managers to analyse the causes for high or low turnover rate, develop retention practices and maintain a steady, satisfied workforce. Turnover costs for many organizations are high and can have significant impacts on the financial performance of an organization. Turnover costs can be categorized into two kinds, direct costs and indirect costs. Direct costs include recruitment, selection and training of new employees, expense of advertising positions, and costs of temporary replacement of employees.Indirect costs, which refer to loss of efficiency and productivity, can be caused by a variety of reasons such as inefficiency and lack of experience of the newly appointed employees, breakage of tools caused by mishandling of equipment by new employees, lack of cooperation and coord ination between old and new employees, costs of increased supervision and support for the new employees, the time used for reading resumes and interviewing the candidates. The costs mentioned above are only general ideas that can be found in most businesses, however turnover costs can vary from different industries.For example, as a sales company, losing one sale could mean losing more than one important client at the same time. If the business is service-based, employers need to make sure they keep key employees. If employees leave, the company can face serious problems due to lack of professional services resulting in high staff turnover which could cost the business more than anything else. Smart companies pay attention to retaining of employees and minimize the act of turnover, which will then be discussed more in details in the following paragraphs.In a human resource perspective, for most organizations the goal is to lower staff turnover, maintain consistency in the workforce and train more skilled employees. High staff turnover can be costly to the business financially and also create problems internally. Internal problems include low employee morale, low employee royalty and stressful employees. This can then lead to decrease of productivity and efficiency. On the other hand, companies that have a low staff turnover rate are generally more productive and successful. (This is not an assumption; low voluntary turnover might sometimes be a negative for organizations.Details will be discussed at the next paragraph. ) Reasons being are that the employees trust each other, respect their leaders and feel a sense of belonging while working in the company. Employees in a positive and motivated work environment are normally more loyal and willing to dedicate their personal energy to the job. In addition, an organization that offers a better payroll system compared with others with similar jobs is likely to have lower turnover rate. Companies that offer satisfyin g bonuses and incentives tend to entice their employees to stay longer.Another reason for companies that have low turnover is that they help the employees to see the career benefits that lie ahead for them to achieve. Ultimately people search for settlement and a long-term career that helps to reach their goals. Therefore a well thought out career plan for employees is always a good way to keep them engaged. For instance, most hotels offer management training programmes for employees who have worked in the establishment over 1-2 years. It encourages employees who desire a long-term career goal to remain, and to continuously dedicate their skills to the hotel.Hotels also offer department transfer opportunities for employees who have been in the firm over 6 months or 1 year. By doing so, the hotel can keep the workers that are loyal to the company, and reducing some of the costs of training if they are transferred or promoted to or within a similar department. Overall a low staff turn over means a more productive, positive and efficient work environment and in some cases, successful business. It is important for companies to keep the staff turnover rate down, however according to Dr.John Sullivan who is an expert in recruitment management says that from his experience, voluntary turnover rate below 4% is not a good sign and should be taken into serious discussions by the company. (Dr. J. Sullivan, 8/8/2011, Final Thoughts, http://www. ere. net/2011/08/08/a-low-turnover-rate-could-mean-that-you-have-ugly-employees/). The article says that a low voluntary turnover rate could at the same time mean the employees in the firm are unskilled therefore seemed unattractive to other competitors or unambitious to seek external jobs.A very low voluntary turnover could sometimes be caused by inactive management or a lack of courage to terminate unsuitable employees. It is also crucial for companies to receive exit or a post-exit interview for feedback from departing employees. With almost no circulation in human resource, companies will find it difficult to understand its problems that could cause failure of the business. Companies that have zero or very low voluntary turnover rate is like a stagnant pool of water, with no fresh and clean water coming in, implying lack of new ideas, skills and competitive intelligence that are brought in by new employees.It is always good to recruit on a regular basis. Having skilled new employees input can make the current employees feel threatened and having to compete with them, as a result of creating a motivated and competitive environment. Eventually the lazy and unambitious employees will be forced to leave. Well-managed companies with exceptional management and retention practices generally maintain low voluntary turnover rates, but higher involuntary rates to keep development processes running and avoid talent decay.One of the key ways to prevent high employee turnover is to instill in them a sense of belonging, loyalty and commitment. The following are some ideas to accomplish this. Initially, human resources or recruitment managers want to ensure they recruit the â€Å"right people†. The right people meaning candidates who share similar values, principles and goals with the company. This ensures long-term employee loyalty and retention, because they have the commitment before they start working in the organization. Secondly, providing employees with opportunities for advancement help them to view what they will be in, in the following years.Most employees feel motivated if they have clear vision of what potential positions are available for them in the future at a higher level. To value employees’ voice and contribution and give them praise, helps to build up trust and loyalty between employers and employees. Thirdly, companies with a well-developed compensation package create a favorable environment for employees. The package should include variety of pay scale, incentives , bonuses, welfare and benefits. Additionally, leveling the workload and being flexible with working hours have become a critical issue for employers to look at.Employers should recognize the quality of work life is getting more important for employees. Most importantly, having an exit interview is always a good way to find out the reasons why employees leave and issues that should be addressed to reduce a high staff turnover. Retention practices assist organizations to keep their key employees from leaving to work for other competitors and maintain a healthy turnover rate. To develop a retention strategy, managers firstly need to understand the reasons why people leave. It can be environmental or motivational problems.Low performers tend to leave more often than high performers. However high performers could also leave due to lack of promotional opportunities, training or recognition for effective performance. By implementing exit and post-exit interviews can help managers to under stand what employees need and things they can improve on. Job satisfaction plays an important role in retaining employees. It gives employees a sense of belonging, prestige, a status or authority and power in the organization. Feeling satisfied within their position generally creates motivation.When staff are motivated, they are more likely to perform a higher quality of work. Employees who have good work performance deserve rewards. Businesses often use bonuses, commissions, compensation or employee benefits to reward staff to make sure they keep up the good work. Companies with a substantial reward system and employee welfare are more likely to retain their key employees from leaving the company and work for other competitors. For example, Google offers a list of employee benefits that is called â€Å"I-bet-you-don’t-have-that-where-you-work†.It includes flexible hours for nearly every professional employee, casual dress everyday, pets allowed to work, onsite dental care, free massage and yoga, free drinks, free meals and many other benefits that most employees desire. (HCA Online, 25/07/2006, http://www. hcamag. com/article/a-look-inside-the-google-talent-machine-112999. aspx). Retention and recruitment of key employees will be more critical in the following years as the baby boomer generation moves towards retirement, which leads to shortage of skills in the industry. Managers that recognise their staff as their greatest asset generally are more successful than others who don’t.A successful business requires several factors; one of the most important and most irreplaceable things is its competitive advantage(s). By retaining key employees, the people that create or help to maintain competitive advantages, companies are more likely to achieve its long-term goals and make desirable profits. For example, Google is well known for its special recruitment system and attractive retention strategies that every employee dreams about. One of Goo gle’s interesting programmes is called â€Å"Working with 20 per cent time†. (HCA Online, 25/07/2006, http://www. hcamag. om/article/a-look-inside-the-google-talent-machine-112999. aspx). It means that the employee works one day a week on their own to research individual selected projects that the company funds and supports. Google have crafted every position and element in the workplace so that all employees are working on projects that interest them, continuously learning and being challenged positively to do more. This programme makes the work itself become an attraction and retention force, a driver of motivation and innovation, and a feeling that the employees themselves are adding value to the company.What Google have done is not only make their employees want to remain and work for them but also continually create and develop skilled people. With Google’s perfect retention strategies, they are confident to retain valuable employees and create a positive c ycle. In conclusion, it is essential for organizations to understand staff turnover rates and analyze the cause and effects of turnover, in order to maintain it in a healthy and favorable level. This paper has discussed the costs, causes and effects for high staff turnover, and also the negative impacts on businesses with a very low turnover rate.It has also mentioned a diverse range of ideas on how to prevent a high staff turnover, as well as develop a thorough retention strategy that encourages key employees to remain within an organization. Some successful real life examples have been provided from the company ‘Google’ have been mentioned and referenced. Overall recruitment and retention are substantial factors for a successful business. Reference List: â€Å"A Look Inside the Google Talent Machine†, â€Å"HCA Online†, , assessed date: 28/03/2013 Dr. J.Sullivan, 8/8/2011, â€Å"A Low Turnover Rate Could Mean That You Have Ugly Employees†, â€Å" RER. net†, < http://www. ere. net/2011/08/08/a-low-turnover-rate-could-mean-that-you-have-ugly-employees/>, Assessed date: 27/03/2013 F. John Reh, â€Å"The High Cost Of High Employee Turnover†, â€Å"About. com Management†, < http://management. about. com/od/money/a/The-High-Cost-Of-High-Employee-Turnover. htm> Assessed date: 27/03/2013 K. May, â€Å"Causes & Effects of High & Low Staff Turnover†, â€Å"Demand Media†, â€Å"Chrone†, < http://smallbusiness. chron. com/causes-effects-high-low-staff-turnover-33939. h