Indofood Swot Analysis Essay

PT.Indofood Sukses Makmur is the Indonesia most successful company in producing food and drinks. PT.Indofood is located at Jakarta and it is founded by Sudono Salim in 1990 with the name of PT. Panganjaya Intikusuma and changed their name in 1994 to Indofood. Indofood company has also exported their food and drinks into Australia,Europe, and Asia. In this few decades, the Indofood company has turned to be a total food solutions that they do the whole food operational from the processing the raw materials of food until become a food that are stored in the supermarket or convenient store. Now Indofood is also have the plantation and distribution company. SWOT analysis of the company. Strengthness. 1.Indofood is the biggest food company in Indonesia 2.Indofood brand is the most known food brand in Indonesia. 3.Indofood has the low cost of production. 4.Indofood product is practical and easy to find anywhere. 5.Distribution reachs are so big. 6.Indofood product cost cheaper than their compatitors. 7.Indofood taste is already accepted by the Indonesians and the foreigners. 8.Indofood distribute their food to alot of country. 9.Indofood has done a lot of corporate social responsibility. 10.Indofood financial is very strong. Weaknesses. 1.too much alternative products rather than focusing on one product. 2.too much flavour on their products 3.market demand hasn’t fulfilled yet. 4.too many variations of food. Opportunities. 1.Can do exporting their product to the whole world 2.Can do partnership with foreign food company 3.Can control the whole food market in Indonesia 4.Indofood Stocks can be the highest price in the stockmarket. Threats. 1.Too much compatitors nowadays 2.they dont focused on one product 3.Competitors Innovation and Promotion are better. 4.Bad Issues from other country about the health.

IMAX’s business level strategy Essay

1. Discuss IMAX’s business level strategy to date and proposed changes. (10 points) Products differentiation The large format movie system gives customers unique visual and audio movie watching experience that cannot be found in conventional movie theaters. IMAX is also differentiated by its library of films and locations. IMAX located itself in institutional environment and commercial multiplexes to target wider audiences include family, students, and tourists at different time during the day by screening its own movies and other studios’ movies. Speaking of the technologies, IMAX films printed on larger films, which require special designed camera, projector, and screen to display the IMAX features. Cost leadership. The company heavily invests financial and human resources in their R&D, because the technologies developed would lower the costs of producing and distributing films significantly. The newer service agreements and partnership with theater owners allow IMAX lower its capital requirements when new IMAX screens were opened in the traditional multiplexes. IMAX not only saves money on films making because they don’t have to pay a lots of money to the major stars as the Hollywood does, but also save money on the marketing. IMAX increased the number of Hollywood movies in order to ride on the coat- tails of marketing campaigns launched by the studios. The proposed expanding strategies will bring more audience to IMAX, and save more production and distribution costs. By opening new IMAX screen in commercial multiplexes will give customers easy access to IMAX movie, and allow IMAX gain more market share, and increase box ticket revenue. Although the initial system installation and movie converting costs are big, over long term IMAX can achieve economies of scale by utilizing the IMAX system installed in traditional theaters. 2. Conduct an external analysis. (25 points) a). PESTEL framework Political factors Concerns about violence, sex, and vulgar language in movies had generated considerable efforts to organize and lobby political action to regulate the industry. There are some limit in terms on selection of movies. Legal factors Copyright law protects this industry suffering from piracy. Violations of copyright act were considered felonies and were subject to federal criminal charges and civil lawsuits. Patent law also protects the technologies heavily used in this industry. Economic factors The economy is fairly stable except the crisis that hit the industry in the late 1990s because of the overbuilding during that decade, the 911 crisis in the early 2000s and the economic recession in 2008. The economic crisis in 2001 and 2008 would reduce people’s disposable income therefore reduce the revenue of the industry. Socio-cultural IMAX is trendy. It does not matter that if people have seen movies in the traditional theater before, some of them would like to watch on IMAX screen again. Parents looking for activities combine education and entertainment would go to IMAX. More highly educated parents and overscheduled kids would like to go to places equipped with IMAX system. The college and university education are popularized which increases the majority of IMAX audiences. Technology factor New filming technology development are encouraged and supported by funds, associations and Oscar Award. But the development of high-definition DVD recording, big screen TVs and cheaper projection and sound system technology offers potential IMAX viewers’ alternative sources of entertainment. The internet, live play, TV programs and cables are also substituting technologies. b). Porter’s Five Forces IMAX operating in three industries: photographic equipment and supplies industry, motion and picture and video production and distribution industry. Barriers to entry  This industry requires upfront investments to develop technologies, relationship with producer and access to the distribution channels. IMAX held 46 patents and has seven patents pending in the United States, in order to enter this industry, potential competitors must develop their substitute technologies, or take the risks of copying IMAX’s patented technologies, and  both are very costly. IMAX is achieving economies of scale, the more movies released in IMAX format, the more the IMAX system installed are utilized. IMAX is also updating their technologies and making improvement to lower the costs of operations, therefore the learning curve cost advantages act as a barrier to entry. The barrier to enter this industry is high. Threats of substitutes Live plays, sport events, TV programs (big screen TV, cable, and satellite), the internet, DVD, home theater projection and sound system are all alternatives of IMAX movie for consumers to entertain themselves in a different way. These substitutes also prevent IMAX from raising the ticket price. The threats of substitutes are high. Suppliers The suppliers are vendors who provide the critical elements involved in IMAX’s projectors and camera systems, film making talents (actors, post-production workers), other studios (Hollywood, Disney, SKG DreamWorks etc.), and movie distributers (theater chain). The suppliers’ power is low because by releasing movies in IMAX format and opening more IMAX screens will increase the box office revenue for all the parties involved. IMAX does not pay top stars to make movies. They pay the actors whose median salary is $17 per hour. IMAX has most its post-production work done by its wholly-owned subsidiary. IMAX purchases its equipment components from vendors with whom it maintained long-term relationships. Buyers Buyers are people who are willing to pay for the IMAX movie tickets, and theater chain has IMAX systems installed in their theaters. IMAX doesn’t rely on certain type of buyers. The buyer range is very wide, and from different demographic. They are not likely to be price sensitive because the majority IMAX audience with average household income of more than $70000. The product offered by IMAX is much differentiated, and buyers cannot get the same watching experience anywhere else. Overall, the buyers’ power is low. Rivalry The rivalry is low because IMAX was founded as the only company in the world that was involved in all aspects of large format films. IMAX doesn’t have  direct competitor in this industry. Even though some of the moviegoer may choose the traditional theater instead of watching IMAX, most the IMAX audience are willing to pay extra $3 to $5 to experience the unique IMAX features and some of them already watched the same movie in the traditional theater before. Additionally, only IMAX movies have long lifespans in the theater circuit. In conclusion, I think this industry is attractive. c). Key opportunities and threats Opportunities: Large format film industry is emerging industry, and this industry is driven by technological innovations, changes in demand, and customer needs. IMAX can utilize the first-movers advantages. IMAX has the technological leadership, and also obtains the patent protections that enhance their performance. IMAX has the opportunities to tie up the strategically valuable resources, which are the relationships with independent filmmakers, and distribution channel such as theater chains, so that it can success in this industry Threats: IMAX is a relatively small firm compared to a rival studio, so they might be bought, and becomes a part of another company. IMAX is not able to maintain their brand image if so many Hollywood movies released in IMAX format. 3. VRIO (25 points) Valuable Rare Inimitable Organized Competitive implications Technological leadership Yes Yes Yes Yes Sustainable competitive advantage Locations Yes Yes No Yes Temporary competitive advantage Relationships with other studios and theaters Yes No No Yes Competitive parity Brand image Yes Yes Yes Yes Sustainable competitive advantage Cash flow No No No Yes Competitive disadvantage The technologies allow IMAX display the large format film features on giant screen to attract customers. Because of the patent protection, it is rare and hard to copy. IMAX invested in their R&D, and received grants and award from third parties, so it is organized. By locating itself in institutional environment, IMAX creates a unique brand and attract different group of audience, so it is valuable. It is rare because not so many entertaining facilities opened in this environment. This strategy is not hard to imitate. It is organized because some of the IMAX films were educational and entertaining, and involved documentaries of natural and scientific wonders, so it valid to have IMAX in these locations. Convert other studios’ movies into IMAX format increase the IMAX ticket revenue, so it is valuable. The alliance with other filmmakers also saving IMAX’s marketing expenditure. It is not rare because the Hollywood movies also released on DVD, pay-per-view  format. People can also watch movies on TV and internet. It is not costly to imitate. It is organized because not all the Hollywood movies are released in IMAX format, it must be carefully chosen. The brand image is valuable because the large films features and unique watching experience are only associated with this brand name. It is rare because this product can only be provided by IMAX. It is hard to copy because this brand image is developed over long time, and IMAX has the first mover advantage. The company R&D and new services are supporting this brand image in terms of innovation and cost saving, so it is organized. The cash flow is not valuable because this company has negative net income for 2006 and 2007. The fact that IMAX’s debt has been downgraded is an indication that the company’s liquidity is questionable. It is organized because IMAX is trying to solve this problem by signing new service agreement, which would lower its operational capital requirements and help it pay off its debt. More box office revenue is expected by converting more commercial movies into IMAX format. 4. Based on your analysis, would you recommend proceeding with and expanding the strategy to exhibit Hollywood movies? Should the firm retrench? (20 points) Pro: Hollywood movies are the most popular movies in the world, by releasing more Hollywood movies in IMAX format, more audience will be attracted by the combination of the movie and unique watching experience. This is the quickest way to make revenue in order to improve the company’s financial situation. This strategy also allows IMAX to take advantage of marketing campaigns launched by the studios therefore to save the marketing expenses. Because Hollywood movies has the most market shares, and this high demand will stimulate the theater owners to open more IMAX screens. It gives IMAX the opportunity to attract more viewers and expand the core audience. IMAX can make more revenue by signing more service agreements with traditional theaters, and make profits by maintaining the system and sharing ticket revenue. If IMAX is releasing more Hollywood movies, share price is likely to go up, and create more value for shareholders. The more confident the stakeholders are, the easier for IMAX to raise capital to focus on technology R&D and further differentiate its products. The digital re-mastering technology reduced converting costs. Converting other studio’s movie is now making more profits and cost less. Con: Screening re-formatted movie is not as profitable as screening IMAX own movies, and makes IMAX take  the risk of diluting its brand image. Releasing more Hollywood movies may let people question IMAX’s educational function. The violence and sex contents in Hollywood movie may drive parents and their children away. Screening more Hollywood movies will benefit IMAX. It increases the revenue and the number of audience; therefore I recommend proceeding with and expanding the strategy to exhibit Hollywood movies. In long term, because IMAX has all these great technologies, and more stable financial supports, they should focus on developing its own movies. IMAX also should launch more marketing campaigns to promote its movies in order to maintain the brand image, and place more emphasis on its educational and entertaining functions. IMAX may develop some sub brands for example like, Smart Imax Kids, or Learning with Imax which only located at institutional environments and integrate with the ride simulation packages to target specific demographics. This action will strengthen IMAX brand image and make the young generations and potential Hollywood moviegoers like these brands and become real IMAX fans when they grow up.

“Of Mice and Men”: Naturalism Essay

Naturalism is a very intense style of literature that an author can use. With naturalism, the author is trying to convey knowledge acquired through the senses and experiences they them selves have been through. In the novel of Mice and Men, by John Steinbeck, he portrays elements of naturalism through his very own sights and experiences. During the depression John Steinbeck got a first hand dose of what it meant to deal with sordid aspects of life. Just like his book, he portrays his accounts using highly realistic settings, and brutal characters with foul mouths that deal with depressing issues of life. In the real world things happen, but in the world of Mice and Men, nothing ever seems to happen the way the characters hope. Steinbeck wanted his characters to be brutal and fail to achieve their goals they worked so hard to get. He wanted the characters to have foul mouths and have bleak views of what life really is. As said from the genre paper of naturalism â€Å"Characters in naturalistic literature are trapped by their heredity and environment and end in failure.† Dealing with vast emotions and massive challenges, characters like George and Lennie in the novel, ended in failure because of their brutal surroundings. If Curly’s wife never intervened with Lennie after he killed the young pup, then she would not have ever died. Lennie was only driven by his basic urge to touch soft things. † Lennie’s big fingers fell to stroking her hair. â€Å"Don’t you mess it up,† she said.†Ã¢â‚¬ ( Steinbeck 91 ). Steinbeck really placed the characters with brutal settings among brutal characters. The setting of the book is highly realistic and greatly portrays what the time period truly represented. Steinbeck, once a migrant worker too, lived the experience of his literature. He knew exactly what the environment should be like too and what it shouldn’t. â€Å"Chapters one and six take place by the river, two and three in the bunkhouse, four and five in the barn.† All of these setting are settings you would not likely find through out our time period but in the life of a lonely migrant worker. It is quit creditable for Steinbeck to instinctively return to the earlier forms of literature of drama, epic and parable. His use of literary devices to describe his settings are remarkable. â€Å" A few miles south of Soledad the Salinas River drops in close to the hillside bank and runs deep and green.  The water is warm too, for it has slipped twinkling over the yellow sands in the sunlight before reaching the narrow pool.†(Steinbeck 1). Steinbeck is not making just plain ordinary descriptions of this scene-setting, but is revealing a sense of freedom and joy before tragedy and hate that’s burred farther along the book from the sordid aspects of life. Dealing with dirty aspects of life was all just another part of naturalism in Steinbeck’s scheme. He wanted the reader to greatly feel the depression and madness their society had to endure. He wanted the reader to end the book sick to the core from the gruesome dream that was crushed with just one accidental murder, and one gunshot to the head. â€Å"And George raised the gun and studied it, and he brought the muzzle of it close to the back of Lennie’s head. The hand shook violently, but his face set and his hand studied. He pulled the trigger.† (Steinbeck 106 ). This was already evident to some of the characters in the book. Crook’s for instance, foreshadowed what would happen later on to people with dreams. â€Å"†I never seen a guy really do it,† he said † I seen some guys nearly crazy with loneliness for land, but ever’ time a whore house or a blackjack game took what it takes.†Ã¢â‚¬ (76). This book really showed that fate is eminent and no matter how you try or what you do, something will always try to stand in your way. Naturalism is portrayed in the novel of Mice and Men through the author’s own sights and experiences. Just like his book, Steinbeck emulates his life experiences with highly realistic settings, and brutal characters with foul mouths that deal with depressing issues of life. Steinbeck truly pushed beyond the limits of standard writing, and showed us a side of good and evil like never before.

Personal & Professional Development Assignment Example | Topics and Well Written Essays - 3000 words

Personal & Professional Development - Assignment Example In the discussion henceforth, I will be emphasising my learning throughout the group work in three reflective logs referring to three key activities, which I believe to have imposed a strong impression on my understanding related to the subject matter. In the first activity, I will be giving an account of my experience throughout the group work, including the preparation of the group presentation. In the second and the third activities, I will respectively focus on exhibiting two of my in-class and voluntary works associated with the assignment, which helped me experience the entire process in a better way. The objective of the group assignment was to assess our knowledge of theories and concepts applied in the current scenario of business decision-making. It intended to enrich our critical understanding of the learning, we had gathered throughout the course and allow us to apply those learning in the practical case example. This assignment hence required high degree of interpretive skills, as we had to interpret our learning in order to justify the purpose of the activity, which was concentrated on examining the relationship between diversity and negotiations within a workplace. Proper search skills and analytical skills were also required to ensure that we could apply the theories properly in a comprehensible and a justified manner. Besides, the requirement of good communication skill was also essential in order to structure the entire paper in the most suitable manner that would depict what was intended. As I have already mentioned, prior to the assignment, I possessed only a limited knowledge regarding the two vital variables of our study, i.e. workplace negotiations and diversity considerations. Nevertheless, I must agree that I have always found the management of intellectuals within organisations most intriguing, perhaps owing to the way it works as a

Professional, Ethical, and Legal Issues in Healthcare Essay

Professional, Ethical, and Legal Issues in Healthcare - Essay Example A nurse who is a friend to the mother of the family suffering from cancer finds herself in a difficult situation in trying to be loyal to the mother, to the two sons in the family and to her profession. Having been a good mother, she chooses not to disclose her medical condition to her sons so as to avoid negatively affecting them psychologically. The ethical dilemma that the nurse finds herself in by not disclosing this information will be put in focus. Introduction There are principles that form the foundation of the ethical codes guiding the professional practice in healthcare. These are the foundations of moral theory in healthcare profession with code of ethics that call for honesty, integrity and responsibility. As such, these ethical codes that have been developed for healthcare professionals provide guidance in their practice. These would normally be created in response to anticipated or actual ethical conflicts (Schweitzer 2010). They are usually difficult to comprehend and only make sense when applied in real life in cases of ethical ambiguity. The contents in these codes vary with the risk involved in a specific profession. For example, in psychology, the code of ethics would define in greater depth the relationship with the client due to the high degree of personal relationship a psychologist would have with the client. On the other hand, there would be minimal interaction between a laboratory technician and a patient; hence the relev ant code of ethics would be more on the need for accuracy and reliability in their tests. White defines bioethics as the application of the general principles of ethics in healthcare (2005). Indeed, all the areas in health care, including staff utilization, clients’ direct care and finance allocation are bound by ethics. Ethics would raise a question but would not provide an easy answer. Among the reasons that make ethics important in the modern world include advancement in technology, changing society and more knowledgeable clients. There are three main groups in healthcare affected by ethics, namely; the providers, patient and family. They would normally have different perspectives on how they would like issues handled. This becomes more complicated when bioethics, physician theories and societal stake are considered (Warren 2011). Just like other practitioners in healthcare, nurses uphold each principle in their routine practice. However, there are times when these principles conflict calling for the nurses’ ethical decision making in choosing which of th e principles becomes priority to be upheld at that moment. In such cases of ethical dilemma, there is no ‘right’ solution. Fant defines ethical dilemma as a problem that does not have a satisfactory resolution (2012). Thus, different ethical choices on an ethical dilemma could be made, but this does not justify any choice as being ‘wrong’ or ‘right.’ The definition of ethics varies from one nurse to another and would normally be shaped by experience, values and beliefs of an individual nurse. The code of ethics with respect to the

Moral's in Modern Culture Research Paper Example | Topics and Well Written Essays - 750 words

Moral's in Modern Culture - Research Paper Example The end of this one man challenge would determine the victor, and those, who lost, would be subdued. The event is avidly described in 1 Samuel 17:41-58 where David approaches the battle line and upon exchanging a few words with Goliath, he hastens towards him, draws out his sling and a stone and with one swing, hits the giant on the forehead, stone sinks and he dies (â€Å"Bible Gateway passage,† n.d.-b). However, the text in 2 Samuel 21:18-22 is the primary source of contradiction. Verse 19 of the text states that a Jair’s son, Elhanan, killed the brother of Goliath. In the footnote of New International Version, it remarks that the original Hebrew text lacks the part â€Å"the brother ofâ€Å", which can then imply that the text originally read that Elhanan killed Goliath (â€Å"Bible Gateway passage,† n.d.-c). There may be a valid argument in that viewpoint, but the text in 1 Chronicles 20:4-8 can help clear the contradiction. The text in that excerpt briefly describes the same events described in 2 Samuel 21:18-22 but there are no footnotes indicating that the words â€Å"the brother of† was absent in the original text (â€Å"Bible Gateway passage,† n.d.-a). This impression is applied, therefore, in the interpretation of the verse in second Samuel. With such developments, it is pretty much clear that Elhanan killed Goliath’s brother, and not Goliath. The event of Goliath being slain is well described in the text 1st Samuel that is convincing enough that David killed Goliath. In the readings provided, there are two people presented to have killed Goliath. The first one is David; son of Jesse, the Bethlehemite and the second is Elhanan, son of a Bethlememite man, Jair. In the 1 Samuel 17:41-58 text, David is vividly described to have killed Goliath, with a clear demonstration of events that took place during that day. This writing, therefore, supports the fact that David killed Goliath way better than

Theory and practice of managing people Essay Example | Topics and Well Written Essays - 2000 words

Theory and practice of managing people - Essay Example FollyWood is a large, open-air theme park where the vast majority of the employees serve on a seasonal basis. It was recently acquired by a large leisure company, Leisure, Inc., but is still run as a separate entity. FollyWood pursues a â€Å"hard approach† and does not exert any effort to generate employee commitment among its seasonal staff. As a result, the firm experiences high turnover among its seasonal staff, which is assumed to cause the fall in profits and increase in customer complaints. In light of these antecedents, this report takes the position that FollyWood should assume a comprehensive approach towards reducing the turnover of seasonal staff and motivating its staff, both seasonal and permanent, towards more productive and fulfilling relations with the customers, the company and its leadership, their co-workers, and other parties they deal with at work. The report shall touch on: 1. Undertake a job analysis and restructuring program (Heron, 2005). It is likely that the number of seasonal workers may be reduced in favour of increasing the permanent staff. This will require creating positions that may combine seasonal functions with permanent ones, or realising economies of scale organisation-wide by integrating operations and sharing personnel with other units of Leisure, Inc. Activities that may be accomplished long this line include: 1.1. Perform a job description analysis of existing positions. This will clarify what actions are expected of individual employees in order to set fair compensation horizontally and vertically throughout the organisation. 1.2. Rationalise seasonal functions that may be combined to create more permanent or year-long regular jobs. The purpose of this task is to reduce the number of â€Å"seasonal† staff and instead increase the number of employees who would be able to dedicate their full-time efforts to the FollyWood. 1.4. Enhance job enrichment for currently existing positions. Job enrichment is

Jewish History Questions Assignment Example | Topics and Well Written Essays - 1000 words

Jewish History Questions - Assignment Example The second wave occurred during the pre-civil war through the nineteenth century, and it included the Jews who came from the central European the Ashkenazim. Ashkenazim is the ancient name in Hebrew that means Germany. Thirdly, it occurred between 1880 and early 1920s this migration was from Russia and some parts of Eastern Europe, the Jewish community increased in population, in America. Between the period of 1880 and 1900, at least 1.4 million had arrived, compared with those that were there in the period of 1800 to 1880. It is during this period that the Jewish and Judaism culture were established in America. The wave of migration ended in 1920 due to the legislation that restricted migration (Jerome 10). Question # 2 The Jews had the challenge of opportunity cost, which was much higher in America than in Europe. It was very costly to make every hour attendance in the synagogue and observation of home religion. People reduced their synagogue attendance time and activities on relig ious rituals. The American Jews had a reduced intensity of time in observing their religion, and many of them stopped to observe kashrut. It is good to find that the Hebrew Congregation of America Union, the America United Synagogue Union and the Union of the Orthodox were made in the late 19th century (Jerome 13). The unions continue to dominate the religious life of the Jews up to this day. Question # 3 The population of the Jews in America is concentrated to the northeast with 44 percent of them living in the region of Mid-Atlantic and England. The Jews from America tend to be much older than the general population. About 14 percent of the Jews are foreign-born, but in 1970, it was higher with 23 percent.  Jews from America worry much about intermarriage and their identification as Jews. It is believed that, in 1990, the rate of intermarriage increased by 50 percent. In the year 2000 to the year 2001, the percentage recorded for intermarriage was 47 percent (Jerome 18). This re cord shows that the rate of intermarriage is increasing at a great rate.  

HW12 Math Problem Example | Topics and Well Written Essays - 500 words

HW12 - Math Problem Example Prepare the journal entry to record the allocation of net income. (List multiple debit/credit entries in descending order of amount.) Assume the partnership income-sharing agreement calls for income to be divided with a salary of $30,000 to Guillen and $25,000 to Williams, with the remainder divided 45% to Guillen and 55% to Williams. Prepare the journal entry to record the allocation of net income. (List multiple debit/credit entries in descending order of amount.) Assume the partnership income-sharing agreement calls for income to be divided with a salary of $40,000 to Guillen and $35,000 to Williams, interest of 10% on beginning capital, and the remainder divided 50%-50%. Prepare the journal entry to record the allocation of net income. (List multiple debit/credit entries in descending order of amount.) The Best Company at December 31 has cash $20,000, noncash assets $100,000, liabilities $55,000, and the following capital balances: Rodriguez $45,000 and Escobedo $20,000. The firm is liquidated, and $110,000 in cash is received for the noncash assets. Rodriguez and Escobedo income ratios are 60% and 40%, respectively. The Best Company at December 31 has cash $20,000, noncash assets $100,000, liabilities $55,000, and the following capital balances: Rodriguez $45,000 and E

Effects of Nutrition on Human Hair Growth Research Paper

Effects of Nutrition on Human Hair Growth - Research Paper Example In reference to this, the presence of protein in the body means that exist more raw materials to be made into hair. However, it does not mean that the more protein consumed translates to more hair or increased hair growth. Considering that proteins are made of amino acids, the absorption of these amino acids is crucial to the growth of hair; as for healthy hair, all amino acids which are essential for the body should be ingested and digested (The Educational Resource Center of Women’s International Pharmacy, 2003). Moreover, of all the components that make up the hair follicle, lipids are a significant component. These lipids are the result of the breakdown of amino acids through enzymes that are protein in nature. The consumption of fatty substances that are made up of lipids determines the composition of the hair in the form of sebum; of which Sebum, in this case, is a lipid based substance that coats the hair and skin protecting it from the adverse effects of water. In turn , this prevents the growth of microorganisms in the hair and blocks the penetration of toxic substances into the body through the hair. This way, intake of lipids affects the overall wellbeing of the body by creating a protective barrier in the hair (Dunnett, 2001). In addition, as was the case with proteins, lipids are crucial to hair growth, but supplementing intake of fatty acids does not necessarily translate to increased production of sebum and advanced protection and a glossy look of the hair. However, increases in sebum production do increase in some cases leading to improved hair appearance (Dunnett, 2001). In addition, consumption of fatty foods, lipids, contributes towards healthy hair in that they stop it from turning grey. Intake of lipids strengthens the hair by adding to its thickness from the 90% that is made up of protein, collagen (Treasured Locks, 2005). Intake of iron in the body allows for proper circulation of blood around the body various organs; skin and hair included. This way, iron ensures that the follicles responsible for the production of hair are well supplied with nutrients such as protein and that oxygen is supplied in adequate amounts to hair follicles. Furthermore, electrons are transported in the blood with the help of the iron available in the blood; thus by consuming more iron, the hair benefits in that the body synthesises some of the crucial minerals necessary for the total wellbeing of the body and the hair, altogether. In addition, iron works with other minerals that are not so essential such as molybdenum, in detoxifying the body from radicals and breaking down certain products (Arkworld International, 2005). Waste products in the body act as toxins to the body in that they affect the texture, colour and overall appeal of hair. The direct impact of silicon to the hair is seen in what it does to the skin. This concerns the hydrating effect the skin enjoys from adequate supplies of silicon through nutrition. By the skin e xperiencing improved hydration, one’s hair, in turn, benefits from a fine texture emanating from the sebum that is held by the skin giving it a glossy feel and look (Piccardi and Patricia, 2009). In addition to this, the sebum produced from silicon helps in keeping the hair healthy by protecting it from infections, and the adverse effects felt from water. Moreover, silicon toughens hair by making it strong and, as well

Econ Assignment Example | Topics and Well Written Essays - 750 words

Econ - Assignment Example Additionally, with a gold standard, the central bank could not apply monetary policy in order to stabilize the economy. More to this, the central bank could not raise the interest rates during inflation and lower them during recession, to stabilize the economy. There was a great deal of disagreements between the modern day Main Street and Wall Street over the central bank representation. There was a feeling among those in the Main Street, that the central bank would not be representative of the whole country, and would thus be a preserve of the moneyed few in New York and Philadelphia. For that reason, both the first and second attempts of creating a central bank failed. Thus, to address these failures, Woodrow Wilson advocated for the creation of 12 Federal Reserve banks located at major cities in the country, making the country end up with 12 regional banks (27). Paul Volcker’s method of fighting inflation in the 1970s involved the introduction of high interest rates, to slow the economy and fight inflation (46). According to him, to break the inflation cycle, then a credible and disciplined monetary policy had to be put in place. With such introduction of a credible monetary policy, the inflation rate fell significantly to 3-4%. The failures in regulations addressed in this lecture include the banks and other financial institutions failing to monitor and manage the risks they were taking under the issuance of house mortgages. Another failure in regulations was the dependency of the firms on short tern funding, such as the commercial paper. There were failures in regulations including supervision, such as the consumer protection. The stability of the financial system as a whole was not granted adequate attention. Prior to the crisis, the quality home loans were financed through the packaging of exotic and subprime mortgages into securities, by the financial institutions. Many of these securities were sold to investors,

Duality in Frankenstein Essay Example for Free

Duality in Frankenstein Essay Victor and the monster have a special relation that goes beyond any known up to date. Not even Henry Clerval has this relation with Victor; the monster is the fulfilment of Victor and vice versa, Victor hides from society whilst the monster aches for society, Victor does not appreciate the surroundings and nature, the monster lives for it. The monster is what Victor fails to be, for example at the beginning of his life the monster is naà ¯Ã‚ ¿Ã‚ ½ve and a believer in Mother Nature and some superior being, whilst Victor believes he is God by creating life, he is very intelligent and plays tricks on people and he only believes in himself. The fact is that whatever the monster has, Victor is lacking for example, and the monster has love for everyone and is not prejudiced, Victor only love himself as he makes it clear during the novel and maybe he appreciates Clerval but only because Henry is what he wanted to be in the future. Also and most importantly Victor has something the monster will never have, a name, and not only a simple name he has a very well known and prosper name, the monster will never be known and disappear in oblivion, whilst the Frankenstein name will perjure forever, like he says in the begging of the novel, I was willing to achieve the fame. Another thing which marks the duality by these two characters is the social life they both have, most importantly Victor is always sad and apart from this, he lacks any feeling, whilst the monster living in a shed discovers that happiness can be achieved anywhere and is himself joyful even though he see other people being happy, the monster discovers love, Victor discover admiration, the monster learns how to appreciate what he has and what nature gives him, and Victor is not happy with what he has nor with what the nature gives him, he is so unconformity that he has to create his own being and alter nature. Most importantly the monster seeks social adaptation and love whilst Victor hides from people and love, he is repulsed by the idea that he has to marry Elizabeth and he does not have other friend than Henry. Another different thing by both these characters is their love for Elizabeth, the monster demonstrates that he loves her by her aspect, her eyes her mouth she is so perfect that the monster needs her for himself and Victor loves her because he admires her but nothing else so if you compare these two feelings you will see that the complete each other and they in conjunction create love and admiration. The emotions that Victor lacks are very powerful in the monster until the moment of his departure form the DeLacy house. Until that moment the monster does not realise his full repulsion and believes in the goodness of mankind, Victor hates mankind and Im sure that he would love to be the only man in the world and depend only on himself. And the monster is so good in attitude and feelings and so loving in his interior that we feel so bad for him and so hating for victor that we cant stand it we have to hate victor because these two characters are like the Jing and jang, the good and the bad which cannot exist with some bad in them, the monster is loving but kills and Victor plays to be good and is unsocial but loved Henry, Elizabeth and his small brother. In conclusion the monster fulfils Victor emotionally and social and most importantly with his will of survival whilst Victor fulfils the monster with that basic needs of small quantities of hate, disrespect and will to be above the others.

Remedial and Institutional Constructive Trusts

Remedial and Institutional Constructive Trusts Title: The remedial constructive trust has taken root in the United States and Canada: it is unlikely to do so in England Millett LJ in Restitution and Constructive Trusts 1998 114 LQR p399. Explain the differences between remedial and institutional constructive trusts and the advantages and disadvantages of each approach. Discuss whether judges in England and Wales are likely to adopt the remedial system. INTRODUCTION A definition of a trust, reflected in case law, suggests that a person with responsibility for property has an obligation in accordance with principles of equity to exhibit beneficence[1] towards any beneficiaries, any of whom might enforce this obligation[2]. The concept of the constructive trust is not overwhelmingly supported, with Hayton categorising it â€Å"â€Å"a fiction which provides a useful remedy when no remedy is available in contract or in tort†[3]. A constructive trust may be either institutional or remedial, although only institutional constructive trusts are acceptable practice in the UK at the present time. According to Halsbury â€Å"the remedial constructive trust†¦is not in reality a trust at all, but merely a remedial mechanism by which equity gives relief for fraud’[4]. The distinction between constructive trusts raise a number of issues that are of particular relevance when considering whether the law in England and Wales is likely to adopt the remedial system. It must be noted, however, that, whilst the importance of both proprietary estoppel[5] and Pallant v Morgan[6] equity are acknowledged as relevant to a discussion on constructive trusts, their applications are specific. Accordingly, due to constraints on space, their inclusion in this particular essay have been omitted[7]. DISCUSSION Whilst law in other jurisdictions needs to resort to such measures as the remedial system, law in the UK currently relies on the Statutes of Limitation[8], within which remedial constructive trusts may be considered to be related to the Limitation Act 1980[9]. The specific distinction between legal and equitable ownership originated through the historical significance of common law and the law of equity, as established through the Courts of Chancery. It is readily acknowledged that a correlation exists between constructive trusts and the doctrine of equity, with effect from the date in which circumstances dictated a need for such intervention, a factor noted in Westdeutsche Bank[10] by Browne-Wilkinson, LJ who observed that â€Å"A remedial constructive trust†¦Ã¢â‚¬ ¦is a judicial remedy giving rise to an enforceable equitable obligation†¦Ã¢â‚¬ [11] Institutional Constructive Trust There have been a number of significant cases heard, where the courts have ruled that institutional constructive trusts will prevail[12]. An institutional constructive trust might be invoked in such cases as domestic disputes involving property, breaches within a fiduciary relationship, contracts relating to sales of land, and certain situations relating to commercial insolvency. Case law established ‘in law and in equity that land could be the subject of ownership’[13], with a further recognition that ‘the person owning either type of estate has a right of property’ according to Lord Browne-Wilkinson[14], established through statute in the Law of Property Act 1925. Freehold land, or land held in fee simple, relates to land held in trust to the Crown, with the owners being beneficiaries, or trustees, or land that is held in cestuis que trust which is revealed as an equitable estate. The requirement for a formal record of equitable entitlement to the transfer of land in accordance with the Law of Property Act 1925 53 (2)[15] reveals a situation inconsistent with the ethos of remedial trusts. Shares in property can be transferred from the owner of a property to bestow the gift of beneficial ownership on another person through the conveyancing procedure of legal transfer by deed according to the Law of Property Act 1925, section 52 (1). Conversely, where full consideration has not been paid when land is transferred an inference of fact would result, as clarified in Subsection 60(3) of the Law of Property Act 1925. Remedial Constructive Trusts Pascoe[16] notes an apparent lack of consensus as to whether remedial constructive trusts are based on an enforcement of proprietary rights or to avoid unconscionable conduct, but suggests it ‘is imposed by equity regardless of actual or presumed agreement or intention’[17] in order for the courts to implement a measure of restitution[18]. Certain situations require a remedy within the law that is particularly suitable for a specific set of circumstances. This is determined at the discretion of the court and is realised in the imposition of a remedial constructive trust, characterised by the particular facet that no trust existed prior to the intervention of the court. An interesting development in the definition attached to constructive trusts was suggested in Barnes v Addy[19] in which Lord Selborne, LC introduced the distinction between a duty owed by directors and duty owed by ‘non-fiduciary strangers’, referring to this concept as ‘the two limbs o f Barnes v Addy’. More recently this referent has been recognised as ‘recipient liability’[20] and ‘accessory liability’[21]. Various jurisdictions around the world acknowledge a distinct emphasis between institutional constructive trusts and remedial constructive trusts, based on the common law precepts of unjust enrichment. The constructive trust would then be recognised as a means of restitution[22], a remedy available for the courts to resort to when other methods of restitution are inappropriate. Often considered synonymous with remedial constructive trusts is the case of Polly Peck International plc (in admin) (No 2)[23]. Referring to additional rights of restitution that might be accorded the plaintiff in respect of legitimate rights to property the Court of Appeal in England made reference to the decision in the Supreme Court in Canada[24]. Different Jurisdictions Amongst the different jurisdictions who habitually utilise the remedial approach, Australia[25] generally adheres to a traditional approach characterised by a link between claimant and the property at dispute, whilst acknowledging the distinction between recipient and accessory[26] liabilities. Accordingly, remedies might be applied ‘in personam’ rather than ‘in rem’. According to Fardell and Fulton[27], the constructive trust has become an important remedy within the courts in New Zealand, fully utilising the concept of remedial constructive trusts in any situation in which a defendant might have prejudiced a plaintiff’s claim to equity as a matter of principle[28]. This particular application of the remedial system has been criticised by the judiciary in Australia as they perceive it represents â€Å"a medium for the indulgence of idiosyncratic notions of justice and fairness†[29]. However, at the New Zealand Court of Appeal Tipping, J concur red with the Australian opinion, although using different reasoning[30]. There have, however, been instances whereby a more controversial approach has been taken, often utilised in the US[31] although, on occasion, in other jurisdictions such as New Zealand in the case of Re Liggett[32] based, as it was, on the decision in the US case of Chase Manhattan Bank. Since then, however, both the Privy Council[33] and the House of Lords[34] have overruled that decision[35]. The law relating to constructive trusts has recently changed in Canada following the Supreme Court’s ruling in the cases of Soulos v. Korkontzilas[36]. Prior to this, such cases as Pettkus v Bekker[37], Sorochan v Sorochan[38] and Rosenfeldt v Olson[39] were the definitive referents in relation to remedies imposed by the courts to prevent the perpetuation of injustices within the specific categories associated with benefiting through unjust enrichment[40]. The Supreme Court focused on the ethos of ‘good conscience’ in their decision when ruling on Soulos v. Korkontzilas[41] . They decided that constructive trusts needed to be imposed to maintain certain standards[42], with four conditions introduced, each of which must present if a constructive trust was to be implemented[43]. Subsequently, these conditions have been applied to all cases relating to constructive trusts heard in Canada’s Supreme Court. CONCLUSION It has been suggested that every resulting trust is realised through the transfer of property in a situation where benefit to the recipient was not the intended option, the consequence of which is a presumption of resulting trust. This significance is recognised in the doctrine of equity in terms of recognition of the terms of endowment. In the UK it is in this particular situation that the inherent importance between constructive and resulting trusts lie. Furthermore, it is this particular situation in which other jurisdictions more often introduce the doctrine of remedial trusts. It appears to be accepted by the majority of commentators that, for a resulting trust to be formed, actual assets must be present in terms of identifiable property, the remedy of which may be found in common law. Despite Millett LJ being of the opinion that the remedial approach is unlikely to take root in England[44], it has been acknowledged in the Court of Appeal[45], the Privy Council[46] and in the House of Lords[47], in obiter dicta, that a possibility might exist for the future incorporation of remedial constructive trusts into UK legislation. This controversy has, by no means been resolved and, at some point will undoubtedly become incorporated into UK legislation, either in its present format, or modified to enable â€Å"†¦an aggrieved party to obtain restitution†[48] through the correlation that exists between constructive trusts and the doctrine of equity which is represented through the concept of morality and obligations, with â€Å"the benefit of an obligation [being] so treated that it has come to look rather like a true proprietary right†[49]. Total Word Count [excluding footnotes and bibliography]: 1,496 words BIBLIOGRAPHY BOOKS: Cope, M (1992): Constructive Trusts. Sweet and Maxwell Maitland, F W (1936): Equity. Cambridge: Cambridge University Press. Page 115 Underhill and Hayton (1995): Law of Trusts and Trustees [15th ed]. London: Butterworth: Page 1 Wilkie, Margaret; Luxton, Peter; and Malcolm, Rosalind (1998): Blackstone’s Land Law. London: Blackstone Press, Page 111 HALSBURY’S LAWS Available Online from: Butterworth’s Direct Search facilities. Access via Athens Gateway: http://www.butterworths.com/butterworths.asp Vol 16 (2000 Reissue) Para 1072 Vol 48 (2000 Reissue) Paras 401 – 403: former Court of Chancery Vol 48 (2000 Reissue) Para 501. Vol 48 (2000 Reissue) Para 592 ARTICLES: Austin, RP (1988): The Melting Down of the Remedial Trust. 11 NSWLJ 66. Available from: Pascoe, Janine: Remedial Constructive Trusts and Corporate Insolvency: an Australian Perspective. Department of Business Law Taxation, Monash University, Australia. Available from: http://www.lbc.com.au/academic/ccl-ezine/pdf/vol8issue1_RemedialTrusts.pdf [Accessed 24th July 2005] Bryan, M (1995): Cleaning up after Breaches of Fiduciary Duty – the Liability of Banks and other Financial Institutions as Constructive Trustees. In 7 Bond Law Review 67. Available in: Pascoe, Janine: Remedial Constructive Trusts and Corporate Insolvency: an Australian Perspective. Department of Business Law Taxation, Monash University, Australia. Available from: http://www.lbc.com.au/academic/ccl-ezine/pdf/vol8issue1_RemedialTrusts.pdf [Accessed 24th July 2005] Dodds, J (1988): The New Constructive Trust: An Analysis of its Nature and Scope. 16 MULR 482. In Pascoe, Janine: Remedial Constructive Trusts and Corporate Insolvency: an Australian Perspective. Department of Business Law Taxation, Monash University, Australia. Available from: http://www.lbc.com.au/academic/ccl-ezine/pdf/vol8issue1_RemedialTrusts.pdf [Accessed 24th July 2005] Fardell, R and Fulton, K (1991): Constructive Trusts-A New Era. NZJL: 90. In Pascoe, Janine: Remedial Constructive Trusts and Corporate Insolvency: an Australian Perspective. Department of Business Law Taxation, Monash University, Australia. Available from: http://www.lbc.com.au/academic/ccl-ezine/pdf/vol8issue1_RemedialTrusts.pdf [Accessed 24th July 2005] Hayton, DJ (1985): Personal Accountability of Strangers as Constructive Trustees. 27 Malaya LR 313,314: Singapore Journal of Legal Studies. Access via ATHENS Gateway McKendrick, E (1994): Unascertained Goods: Ownership and Obligation Distinguished. 110 LQR 509 513 Millett LJ (1998): Restitution and Constructive Trusts 114 LQR p. 399 O’Connor, P (1996): Happy Partners or Strange Bedfellows: the Blending of Remedial and Institutional Features in the Evolving Constructive Trust 30 MULR 735. In Pascoe, Janine: Remedial Constructive Trusts and Corporate Insolvency: an Australian Perspective. Department of Business Law Taxation, Monash University, Australia. Available from: http://www.lbc.com.au/academic/ccl-ezine/pdf/vol8issue1_RemedialTrusts.pdf [Accessed 24th July 2005] ONLINE RESOURCES Pascoe, Janine: Remedial Constructive Trusts and Corporate Insolvency: an Australian Perspective. Department of Business Law Taxation, Monash University, Australia. Available from: http://www.lbc.com.au/academic/ccl-ezine/pdf/vol8issue1_RemedialTrusts.pdf [Accessed 24th July 2005] TABLE OF CASES: Baden Delvaux and Lecuit v Societe Generale [1993] 1 WLR at 509, 575 Bannister v Bannister [1948] 2 All ER 133 Banner Homes Group plc v Luff Developments Ltd [2000] Ch 372, CA Barnes v Addy (1874) LR 9 Ch App 244 Beatty v Guggenheim Exploration Co 225 NY 380 at 386 [1919] Chase Manhattan Bank NA v Israel British Bank (London) Ltd [1981] Ch 105 Cia de Seguros Imperio (a body corporate) v Heath (REBX) Ltd (formerly CE Heath Co (North America) Ltd) [2000] 2 All ER (Comm) 787; [2001] 1 WLR 112, CA Daly v The Sydney Stock Exchange Ltd (1986) 160 CLR 371 Fortex Group Ltd (In Rec and Liq) v MacIntoshes [1994] 3 WLR 199; [1998] 3 NZLR 171. Hussey v Palmer [1972] 3 All ER 70 (CA) Linter Group Ltd v Goldberg (1986) 160 CLR 371 Mabo v Queensland (No 2) [1992] 175 CLR 1, High Court of Australia Metall und Rohstoff AG v Donaldson Lufkin Jenrette Inc [1990] 1 QB 391 and [1989] 3 All ER 14 CA Muschinki v Dodds (1985) 160 CLR 583 at 614 Pallant v Morgan [1953] Ch 43, and [1952] 2 All ER 951 Paragon Finance plc v DB Thakerar Co (a firm) [1999] 1 All ER 400, CA Pettkus v Bekker [1980] 19 RFL (2d) 165 Polly Peck International plc (in admin) (No 2) [1998] 3 All ER 812 at 825-826 Re Goldcorp Exchange Ltd Re Goldcorp Exchange Ltd (in receivership) [1995] 1 AC 74; [1994] 3 WLR 199 and [1994] 2 All ER 606 PC Re Liggett v Kingston [1993] 1 NZLR 257 Re Polly Peck International plc (in administration) (No 2) [1998] 3 All ER 812, and [1998] 2 BCLC 185, CA Re Sharpe [1980] 1 WLR 219 Rosenfeldt v Olson 1 BCLR (2d) 108, [1986] 3 WWR 403, 25 DLR (4th) 472 (CA). Sorochan v Sorochan [1986] 2 SCR 39 Soulos v Korkontzilas [1997] S.C.J. No. 52 Taylor v Davies [1920] AC 636, PC Tinsley v Milligan [1993] 3 WLR 126; [ 1994] 1 A.C. 340, 371 Westdeutsche Landesbank Girozentrale v. Islington London BC [ 1994] 4 All E.R. 890, 962, CA.; varied [ 1996] 2 All E.R. 961, HL; [ 1996] 2 All E.R. 961, 990, H.L; [1996] AC 669 at 714-415 1 Footnotes [1] See Beatty v Guggenheim Exploration Co 225 NY 380 at 386 [1919] [2] This definition is paraphrased from Halsbury’s Laws, Vol. 48 (2000 Reissue) at para 501 who have based this definition on Underhill and Hayton ( ): Law of Trusts and Trustees [15th ed]: Page 1 [3] Hayton, DJ (1985) 27 Mal LR 313,314 [4] Halsbury’s Law, Vol 48 (2000 Reissue) Para 501 [5] Halsbury’s Laws, Vol 16 (Reissue) Para 1072 and Vol 48 at 592 [6] Pallant v Morgan [1953] Ch 43, and [1952] 2 All ER 951. Halsbury’s Laws, Vol 48 at 593 [7] Banner Homes Group plc v Luff Developments Ltd [2000] Ch 372, CA per Chadwick LJ: this case introduced the term Pallant v Morgan equity [8] In accordance with the former Court of Chancery, Halsbury’s Laws, Vol 48, Paras 401 – 403 ante [9] Halsbury’s Laws, Vol 48 (2000 Reissue) Para 501 cites a number of cases relating to this point: Halsbury quotes Taylor v Davies [1920] AC 636, PC; Paragon Finance plc v DB Thakerar Co (a firm) [1999] 1 All ER 400, CA; Cia de Seguros Imperio (a body corporate) v Heath (REBX) Ltd (formerly CE Heath Co (North America) Ltd) [2000] 2 All ER (Comm) 787, and [2001] 1 WLR 112, CA [10] Westdeutsche Bank Landesbank Gironsentrale v Islington London BC [1996] AC 669 at 714-415 per Lord Browne-Wilkinson [11] â€Å"Under an institutional constructive trust, the trust arises by operation of law as from the date of the circumstances which gave rise to it: the function of the court is to declare that such a trust has arisen in the past. The consequences that arise from such a trust having arisen (including the possibly unfair consequences to third parties who, in the interim, have received the trust property) are also determined by rules of law, not under discretion. A remedial constructive trust, as I understand it, is different. It is a judicial remedy giving rise to an enforceable equitable obligation: the extent to which it operates retrospectively to the prejudice of third parties lies in the discretion of the court†. Ibid, Note 9 [12] Bannister v Bannister [1948] 2 All ER 133, Re Sharpe [1980] 1 WLR 219 and Beatty v Guggenheim Exploration Co 225 NY 380 at 386 [1919] [13] Mabo v Queensland (No 2) [1992] per Deane and Gaudron JJ [14] Tinsley v Milligan (1994): â€Å"English law has one single law of property made up of legal and equitable interests† per Lord Browne-Wilkinson [15] Wilkie, Margaret; Luxton, Peter; and Malcolm, Rosalind (1998): Blackstone’s Land Law. London: Blackstone Press, Page 111 [16] Pascoe, Janine ( ): Remedial Constructive Trusts and Corporate Insolvency: An Australian Perspective. Senior Law Lecturer, Department of Business Law Taxation, Monash University, Australia. [17] Muschinki v Dodds (1985) 160 CLR 583 at 614 per Deane J. Also Cope, M (1992): Constructive Trusts [18] Pascoe quotes a number of references from Australian literature: O’Connor, P (1996): Happy Partners or Strange Bedfellows: the Blending of Remedial and Institutional Features in the Evolving Constructive Trust. 30 MULR 735; Also Bryan, M (1995): Cleaning up after Breaches of Fiduciary Duty – the Liability of Banks and other Financial Institutions as Constructive Trustees. 7 Bond Law Review 67; Also Austin, RP (1988): The Melting Down of the Remedial Trust. 11 NSWLJ 66; Also Dodds, J (1988): The New Constructive Trust: An Analysis of its Nature and Scope. 16 MULR 482. [19] Barnes v Addy (1874) LR 9 Ch App 244 [20] See Baden Delvaux and Lecuit v Societe Generale [1993] 1 WLR per Gibson, J at 509; 575 [21] Known as constructive trustees. This relates to a personal liability to an accessory to fraud [22] McKendrick, E (1994): Unascertained Goods: Ownership and Obligation Distinguished 110 LQR 509 [23] Polly Peck International plc (in admin) (No 2) [1998] 3 All ER 812 at 825-826 [24] See Soulos v Korkontzilas [1997] S.C.J. No. 52 [25] Pacoe, Janine: Remedial Constructive Trusts and Corporate Insolvency: an Australian Perspective. Department of Business Law Taxation, Monash University, Australia [26] LinterGroup Ltd v Goldberg (1986) 160 CLR 371: Constructive trustee was Linter Group as plaintiff. Goldberg Furst were directors of Arnsberg Pty Ltd who breached fiduciary duty. Southwell, J granted Linter Group priority over other creditors in terms of equitable claims and Daly v The Sydney Stock Exchange Ltd (1986) 160 CLR 371: this claim was rejected [27] Fardell, R and Fulton, K (1991): Constructive Trusts-A New Era. NZJL: 90 [28] See Fortex Group Ltd (In Rec and Liq) v MacIntoshes [1998] 3 NZLR 171. See also: Re Goldcorp Exchange Ltd [1994] 3 WLR 199 as it represents opposing characteristics [29] Muschinski v Dodds (1985) 160 CLR 583 per Deane J [30] â€Å"the plaintiffs must be able to point to something which can be said to make it unconscionable—contrary to good conscience—for the secured creditors to rely on their rights a law†Fortex Group Ltd (in rec liq) v MacIntosh [1994] 3 WLR 199 per Tipping, J [31] Chase Manhattan Bank NA v Israel British Bank (London) Ltd [1981] Ch 105 [32] Re Liggett v Kingston [1993] 1 NZLR 257 [33] Re Goldcorp Exchange Ltd [1994] 3 WLR 199 [34] Westdeutsche Landesbank Girocentrale v Islington Borough Council [1996] AC 669 [35] Constraints of space preclude a more detailed investigation of any of the cases [36] Soulos v. Korkontzilas [1997] S.C.J. No. 52 [37] [1980] 19 RFL (2d) 165 [38] [1986] 2 SCR 39 [39] 1 BCLR (2d) 108, [1986] 3 WWR 403, 25 DLR (4th) 472 (CA). [40] â€Å"absence of any juristic reason† [41] Soulos v. Korkontzilas [1997] S.C.J. No. 52 [42] â€Å"†¦a constructive trust may be imposed where good conscience so requires. I conclude that in Canada, under the broad umbrella of good conscience, constructive trusts are recognized both for wrongful acts like fraud and breach of duty of loyalty, as well as to remedy unjust enrichment and corresponding deprivation†: Soulos v. Korkontzilas [1997] S.C.J. No. 52, per Justice McLaughlin [43] Breach of an equitable obligation; assets still with defendant; plaintiff to present legitimate reason for recourse to courts; no third parties who might be unjustly penalised through a constructive trust [44] Millett LJ in Restitution and Constructive Trusts 1998 114 LQR p. 399 [45] Metall und Rohstoff AG v Donaldson Lufkin Jenrette Inc [1990] 1 QB 391 and [1989] 3 All ER 14 CA; Also Re Polly Peck International plc (in administration) (No 2) [1998] 3 All ER 812, and [1998] 2 BCLC 185, CA [46] Re Goldcorp Exchange Ltd (in receivership) [1995] 1 AC 74 and [1994] 2 All ER 606 PC [47] Westdeutsche Landesbank Gironzentrale v Islington London Borough Council [1996] AC 669, and [1996] 2 All ER 961, HL [48] Hussey v Palmer [1972] 3 All ER 70 (CA) per Lord Denning [49] Maitland, F W (1936): Equity. Cambridge: Cambridge University Press. Page 115

Hardships Of Southern Sharecroppers :: essays research papers

For many people in the 1930’s living conditions were not as adequate as they needed to be. The stock market had just crashed in 1928, and the US was in the midst of the Great Depression. Many people suffered from lack of money, and many others suffered from lack of food. One group of people who suffered greatly during this time period were the southern share croppers. Factors that caused the substandard living conditions of the southern share croppers in the 1930’s include lack of education, poor health care, and inadequate living facilities. The first factor that caused the substandard living conditions of the southern share croppers was their lack of education. There were several reasons the share croppers didn’t get the education they needed. One main reason was because many children didn’t go to school. Harold Walker writes that Southern cotton states ranked lower in rate of attendance for each student enrolled than any of the other states in the natio n (4). A factor that contributed to this was their excessive mobility, which inhibited many children from going to school (Corder 27). It is common knowledge that any child who constantly moves around will not be able to attend school on a regular basis, and even if they go to a school when they get a chance they will be so far behind they would have a difficult time catching up. Another factor that impeded on a child’s attendance at school was the fact that they never went to school when there was cotton to be picked (Walker 8). This may not seem like a large task, but some times it could take weeks to pick all the cotton. These few weeks that a child spent picking cotton was valuable learning time, and missing it could put a child too far behind to catch up. Another reason share croppers didn’t get the education they needed was because many southern rural schools had short terms (Gentry 21). Because of this teachers would not be able to cover all of the material that they needed to cover, or they would have to rush through the material they did cover. A final reason the education of the southern cotton states was not as good as other states was because their teachers were not as good. This was reflected in the fact that the salaries of Southern teachers were not as high as the salaries of other teachers (Mckeon 98).

Spousal Testamony against an accused :: essays research papers fc

Dating back to the 16th century, spouses were not deemed to be competent to testify evidence against their spouse. The reasons were a lot simpler than they are today. Anyone with a perceived interest in litigation was deemed to be biased and therefore unfit to testify. Under common law spouses are considered to be one and the same. Since the 16th century the issue of spouse’s and their ability to give evidence against their partners has become more and more complicated. Modern day courts rely more on preserving the sanctity of the marriage than preserving the incompetence standard.   Ã‚  Ã‚  Ã‚  Ã‚  The ability to block spousal testimony does not however apply to all couples under the law. Those in common law relationships are not considered to be one and the same and these spouses’s are able to give testimony about events that occurred during the relationship. Ultimately, because the issue falls under common law the question of whether a husband or wife to can be compelled to give evidence against there spouse was at the justices discretion. Most justices are more likely to compel spousal testimony in cases of violence and domestic abuse. The majority of these offences are committed on a one on one basis with either no one to witness the abuse, or a child incapable of being called as a witness. The testimony evidence of the spouse is often the only proof that an offence occurred. In R. v. McGinty, Justice McLachlin concluded that competence included compellability and added a new policy dimension to the analysis. She observed: â€Å"policy interests favoured compelling testimony in cases of domestic violence. Competence without compellability would more likely [contribute to] family discord than prevent it.† In the matter of appearance, she noted that: â€Å"fair-minded persons generally find it abhorrent that persons who commit crimes go un-prosecuted. The state’s duty to protect the safety of its citizens, underlies the testimonial competence in cases of violence against a spouse, also dictates that the spouse be complellable.† Fundamentally the main factors facing a Justice in their decision is the matter of public safety and the harmony of the marriage. Compelling a spouse to testify against their partner is in direct conflict with that ideology. Therefore divorced or legally separated couples do not fall under this category. In R. v. Bailey it was determined that spousal incompetence does not survive divorce. Justice Morden observed that: â€Å"The modern policy justification for the rule in question is that is supports marital harmony.

Social Issues Essay -- Definition of a Social Problem

Poverty, violence, crime and racism are major social problems. If we look at the definition of what a social problem is, according to James M. Henslin,"A social problem isan aspect of society that people are concerned about and would like changed. Social problems begin with an objective condition, some aspect of society that can be measured or experienced...The second key element of a social problem is subjective concern, the concern that a significant number of people (or a number of significant people) have about the condition"(Social Problems,2003,p.3). Steinberg believes that disengagement has what it takes to not only be a general social problem but says it is as major as the issues I stated in the beginning. Steinberg (1996) states,"Although it is less visible, less dramatic, and less commented upon than other social problems involving youth...student disengagement is more pervasive and in some ways potentially more harmful to the future well being of American society"(p. 28). Steinberg explains how this problem is not just concentrated in one place, his research s...

Hybrid Electric Cars, Combustion Engine driven cars and their Impact on Environment Essay

Fig. 1. Estimated grows of Planet Earth Population But the expected grow of automobiles will grow much rapidly. The growth will be caused mainly with inevitable living standard improving in many countries like Africa, South Asia and South America together with enlarging of population in these regions. The estimated grows of automobiles over whole Earth is shown in Fig. 2. From comparison of both figures results that the population may grow between years 2000 to 2050 from 6 to 10 milliards that means 1. 7 times, but the expected vehicle number will grow from 0. 7 to 2. 5 milliards that is 3. 6 times. This work was supported by Research Center of Combustion Engines and Automobile Technology. 40 35 30 25 20 15 10 5 0 1980 Rada1 1990 2000 2010 2020 2030 years Fig. 3. Total world production of CO2 These problems are so serious that they became very important theme of international discussions. Results of these discussions were settled in the Kyoto Protocol. Kyoto Protocol is an agreement made under the United Nations Framework Convention on Climate Change (UNFCCC) Automobiles produce approximately a half of the total world production of CO2. Let us imagine that a good new car produces approximately 160 g of CO2 pro each km. There are many possibilities how to diminish this terrible amount. Electric hybrid cars are produced in enlarging numbers and they reach enlarging popularity between customers. They bring a new possibility how to diminish the world CO2 production. II. ELECTRIC HYBRID CAR SYSTEMS Hybrid electric vehicles combine electric and internal combustion engine drive. Hybrid electric vehicles combine the zero pollution benefits of electric motors with the high fuel energy density benefits of the thermal engine. Hybrid electric drives adjust the combustion engine load and revolutions into the point of best motor efficiency and lowest motor emissions. [1], [4], [6], [7]. A. Basic Drive Configurations Series hybrid drive in Fig. 4 presents a combination of different energy sources. In the picture the energy sources are the combustion engine and the battery. The internal combustion engine ICE propels a generator. Total power in form of the generator electric power and the battery electric power are summed in the traction motor. There is no mechanical connection between ICE and wheels. internal combustion engine generator ICE gear box GB battery traction motor TM BAT ICE Fig. 5 Parallel hybrid drive G battery Combined switched hybrid drive in Fig. 6 is based on series hybrid drive with mechanical coupling using a clutch between generator and traction motor. It is series hybrid drive when the clutch is off. BAT traction motor internal combustion engine ICE TM generator G battery BAT coupling Fig. 4. Series hybrid drive Battery acts as energy buffer. Advantage of series hybrid drive is the possibility to operate the thermal engine ICE in optimal revolutions quite free from the car velocity. That results in low specific fuel consumption and in low gas emission for any traction load and car velocity. Efficiency of energy conversions in the system must be taken in account. Parallel hybrid drive in Fig. 5 is a combination of ICE and electric traction motor on the same shaft. Traction motor is supplied by battery and its output is separated from the ICE output. Final traction torque is sum of both motors torque. Power transmission is more effective than in series hybrid drive because the mechanical ICE output is not transformed in electrical output. But the ICE cannot work in optimal load regime because its speed is not free from the car velocity. traction motor internal combustion engine TM Fig. 6. Combined switched hybrid drive The generator supplies the electric energy to the traction motor. When the car speed and ICE speed and power are high but the difference between ICE speed and car speed is small, it is better to operate the scheme as parallel hybrid drive and the clutch is on in such a case. On this regime the ICE power and speed are high and the ICE can operate with small output changes. The difference between desired traction output and ICE optimal output is stored in or discharged from the accumulator. The drive is depicted in Fig. 9. It consists with gasoline engine, double rotor DC generator, and traction motor. traction motor Combined hybrid with planetary gear in Fig. 7 is a topology where mechanical power splitting is used. The splitting is performed in the planetary gear. In this scheme the generator rotates with speed, which is difference between the ICE and car speed. This solution allows splitting the ICE output into two parts. rotating stator control unit generator ~ ~ generator gasoline engine traction motor ICE planet gear Fig. 7. Combined hybrid with planetary grar The first part is proportional to the difference between the ICE and car speed and the second is proportional to the car speed. The first part is transformed into electric energy in the generator and supplied to the traction motor. The second part is transferred by the output planet shaft directly to car wheels. This scheme allows controlling the engine speed and torque and this is the way how to minimize fuel consumption. Electric power splitting drive using DC machines was used on Czechoslovak express motor cars in the year 1936. The patent document was emitted in Czechoslovakia with Nr 53 735 on 25. February 1936. [1], [2], [3]. DC machines were usual on railway vehicles at that time. The vehicle was called :†Slovenska Strela† and remained in service till the year 1950. It should be reconstructed and modernized later on. But electrification of the main railway connection between Prague-Kosice replaced this very interesting vehicle with express electric locomotives. Fig. 8. Express railway car â€Å"Slovenska Strela† clutch rotor output shaft Fig. 9. Electric power splitting drive of express car â€Å"Slovenska Strela† The ICE drives a DC generator which â€Å"stator† and rotor can rotate separately. The â€Å"stator† is firmly coupled with the ICE shaft. The rotor is coupled with car wheels. On the car shaft is mounted a DC electric traction motor supplied by the voltage induced in the generator. The splitting is performed in the generator. The relative speed between generator â€Å"stator† and rotor is difference between the ICE and car speeds. This solution allows split the ICE output into two parts. The first part is proportional to the difference between the ICE and car speed and the second is proportional to the car speed. The first part is transformed into electric energy in the generator and supplied to the traction motor. The second part is transferred directly by means of electromagnetic torque in the generator air gap to the car wheels. This scheme allows controlling the ICE speed independently from the car speed and this is the way how to minimize fuel consumption. Model of Electric Power Splitting Drive Using AC Machines was implemented in the laboratory of Josef Bozek Research Center of Engine and Automotive Technology at the Technical University in Prague. The physical model of the drive is seen in Fig. 10. It is experimental electric hybrid car drive of a small power. [5], [9], [11], [13], [14], [15]. The output is 7. 5 kW, 0 – 6000 min-1.. Electronic converters and supercapacitor EC are integrated in the circuit between electric power divider SPGM and traction motor TM. The super capacitor as a peak energy storage has 100F, 56V and 400 A. It is able to accept the kinetic energy during braking the vehicle of the mass 1500kg from the velocity 60km/hour and regenerate it during next speeding up. Principle of the system is depicted in Fig. 10. The combustion engine COM ENG drives the electric power divider SGPM. The power divider is a special double rotor synchronous permanent magnet generator. The first rotor is firmly connected with the combustion engine shaft. The second rotor is firmly connected with the traction motor TM and with car wheels. The traction motor is supplied with electric power induced by differential velocity between first and second rotors. Parameters of this electric power (voltage, current and frequency) are changed in electronic converter in EC. Power of the combustion engine is divided into two parts. used for evaluation and comparison of car’s performance, pollution production, efficiencies etc. Simulations were performed on New European Driving Cycle NEDC. The NEDC is shown in Fig. 11. Total distance 10,9km Speed (km/hour) EC ELM CLUTCH COM ENG TM SGPM base Fig. 10. Physical model of Electric Splitting Drive Using AC Machines The incoming power P1=T1* ? 1 is the power of combustion engine producing torque T1 at angular velocity ? 1. Torque T1 is transferred with electromagnetic force to the second rotor, rotating at angular velocity ? 2 which is the same as car velocity. Power transmitted to car wheels by this torque is therefore Pm=T1*? 2. Remaining power is induced by magnetic field into the electric winding arranged on the second rotor. Neglecting losses this power is Pel=P1-Pm=T1*(? 1-? 2). Power Pel is transferred via electronic converter in EC to the traction motor TM and finally added to power Pm on car wheels. Incoming power P1 from combustion engine is by this technique divided into two parts Pm and Pel. Combustion engine can rotate with angular velocity which does not depend from the car velocity III. SIMULATION OF FUEL CONSUMPTION OF HYBRID ELECTRIC CARS Main advantage of electric hybrid cars is the diminishing of fuel consumption. The production of CO2 depends on the fuel consumption and on the working conditions of the ICE. The working conditions of the ICE are much better in electric hybrid cars than in conventional cars generally. Simulations were done with the mathematical model of Electric Power Splitting Drive Using AC Machines. Measured parameters and features obtained in the laboratory [11], [13], [14] were used for the simulation. The mathematical model of a conventional car and hybrid electric car with electric power divider was established in [15] [16] Comparisons of this art are usualy done on different standard driving cycles. Standard driving cycle represents a driving pattern of a certain geographic region (North America, Europe, Asia-Pacific). These driving cycles are Time (s) Fig. 11 New European Driving Cycle Parameters of compared cars and results of simulation are shown in Tab. 1 TABLE I SIMULATION RESULTS Vehicle type, manufacturer Driving Cycle Total mass (kg) Specific Consumption during total NEDC (l/100km). Total emissions CO2 (g) Specific emissions (g/km) First case Second case NEDC Skoda 1. 2HTP NEDC 1450 1120 5. 1 5. 9 1333 1540 122. 9 142 Model Fabia Two cases are shown. In both of them the New European Driving Cycle was simulated. Case first: Hybrid electric car with electric power divider. The mass of the car respects the additional mass of electric part of the powertrain. Case second: Conventional car Skoda Fabia 1. 2 HTP. The results shown in Tab. 1 allow to make following conclusions: When comparing fuel consumption and CO2 emissions between hybrid car with electric power divider versus conventional car of the same class (that means the same primary ICE engine power and respecting additional mass of the electric powertrain machines), we can conclude that the fuel consumption and CO2 emissions are significantly lower at the hybrid car. Hybridization of such cars brings not only fuel savings but also is much more environmentally friendly. I. CONCLUSION The production of dangerous greenhouse gas emissions and consumption of world energy resources become a serious problem. Especially CO2 emissions can influence the climate stability of Planet Earth. The automobile business contributes to this development a lot. But the automobile technology has space to be improved. The electric and hybrid electric vehicles can contribute to diminishing of fuel consumption and green gases production. The hybrid electric vehicles makes it possible to operate the combustion engine in more suitable regimes with better fuel combustion conditions. Some hybrid systems even enable to operate the combustion engine in best relation between power and revolutions. Systems with power dividers allow the engine to operate in revolutions that are quite independent from the car velocity. Simulations were done with the mathematical model of Electric Power Splitting Drive Using AC Machines. Measured parameters and features obtained in the laboratory were used for the simulation. Simulations were performed on New European Driving Cycle NEDC. Results of one commercial car and one hybrid electric car with electric power divider are published. Fuel consumption of the hybrid car on the new European Driving Cycle was 5,1 l/km. The commercial car consumed 5,9 l/km. The hybrid car consumption is 13. 6% lower then at commercial car. Similar numbers were obtained with respect to CO2 production. The hybrid car produced 1333 g CO2 on the New European Driving Cycle. Commercial car produced 1540 g CO2. Hybrid car with electric power divider produced 13. 5% less CO2 . REFERENCES [1] V. Klima : Electro-mechanic drive DELKA and its comparison with Dieselelectric drive. (Elektro mechanicky pohon DELKA a jeho srovnani s normalnim Diesel-elektrickym pohonem. ) Elektrotechnicky obzor 1949, Nr. 19, Pg. 489-496 [2] J. Sousedik : Patent document Czechoslovakia Nr 53 735 from 25. February 1936. [3] J. Bilek: Electric drive of motor cars â€Å"Slovenska strela† (Elektricka vyzbroj motorovych vozu â€Å"Slovenska strela†). Elektrotechnicky obzor 1937, Nr16, Pg249-253, Nr. 21 Pg. 331-336. [4] J. Mierlo: Simulation software for comparison and design of electric, hybrid electric and internal combustion vehicles with respect to energy, emission and performances. Vrije Universiteit Brussel. [5] Z. Cerovsky, P. Mindl, S. Fligl, Z. Halamka and P. Hanus: Power Electronics in Automotive Hybrid Drives, 10th International Electronics and Motion Control Conference EPE-PEMC Cavtat- Dubrovnik Croatia, September 2002, ISBN 953-184-047-4 [6] T. Denton : Automobile Electrical and Electronic Systems, SAE International ISBN 0 340 73195 8. [7] Michael H. Wesbrook: The Electric and Hybrid Electric Car, The Institution of Electrical Engineers, 2001, London [9] Lettl, J. , Fligl, S. : Matrix Converter in Hybrid Drives. Proceedings of 8th International Conference â€Å"Problems of Present-day Electrotechnics PPE 2004†, vol. 3, pp. 77-80, Ukraine, Kyiv, June 7-10, 2004, ISSN 0204-3599. [10] Lettl, J. , Fligl, S. : Matrix Converter Control System. Progress In Electromagnetics Research Symposium PIERS 2005 Proceedings, pp. 395-398, China, Hangzhou, August 22-26, 2005, ISBN 1-933077-07-7. [11] Cerovsky Z. , Mindl P. : Super-capacitor in hybrid drive. International Symposium on Electric Machinery in Prague ISEM 2003 , str. 110-111, ISBN 80-01- 02828-3 [12] Zdenek,J. : „Vibrationless Drive Controller Software Designâ€Å". Proc. of XI. int.symp. ISEM2003. Sept. 2003. Prague, pp. 158-165. [13] Cerovsky,Z. – Mindl,P. : Hybrid Drive with Supercapacitor Energy Storage, FISITA Conference Barcelona. F193m 2004. [14] Cerovsky Z. , Mindl P. : Efficiency of Hybrid Electric Vehicle Powertrain using Electric Power-Splitting Synchronous Generator with Permanent Magnets. IPEC-Niigata 2005 [15] Mildorf M. : Mathematical model of a drive and fuel consumption of hybrid vehicle. Diploma thesis. 2007, Czech Techn. Uni. Prague. Faculty of El. Eng. [16] Simkova L. : Mathematical model of hybrid car. Bachelor thesis 2004. Czech Techn. Uni. Prague. Phaculty of El. Eng.

759’s Competitor Analysis

Competitor analysis The business of 759 store is principally engaged in the sales of confectioneries, beverages and other packed foods imported from Japan and other regions in the world. The origin of its products mainly includes Japan, followed by Korea, Taiwan and Europe. In Hong Kong, OKASHILAND has similar characteristics with 759 store on purchasing practice. It offers various brands’ snacks and beverages from different countries in the world such as â€Å"meiji†, â€Å"Calbee† and â€Å"LOTTLE†. It also provides a series of exclusive products under its own private brand of â€Å"Four Seas†.In term of scale, for the year ended 30 Nov 2012, 759 store owns 98 stores around Hong Kong. However, OKASHILAND’s retail network of 53 outlets placed in Hong Kong. Their stores generally were located at MTR stations and shopping mall. 759 store possesses a greater market segment. Difficulties Since 759 store adopted the policy of high turnover, wide varieties and positioned the general public as our target customers, the number of outlets, products and suppliers have increased greatly from 2011. As the number of suppliers and products increased, more products are required to ship to Hong Kong from various suppliers around the world.The operation of purchasing becomes more complex. The routing system is required to be maintained on a high efficiency level in order to control the transportation costs. The transportation costs would be increased when the 759 store’s logistics in purchase is not well organized. The expansion on retail network rises the difficulty on replenishment. Since the number of outlets increased, more resources are needed to replenish inventory in each store. Also, the capacity of warehouse and logistics equipments becomes a bottleneck of 759 store’s expansion. It is because the inbound and outbound of inventories are increased.

Annoyances of my life Essay

Through my life, I can say for many reasons it is annoy. The main reasons that causes my life annoys are the following: Being a minor, the transportation, language and pressure. I have to handle all of them every day; I do have a plan to keep going and almost all of them are not permanent. First, to be 17 years old is not easy. It is a challenge for me, because I am independent but not old enough to be free. I have to ask for permission to do everything, also there is a problem to find a job. I remember when I was 16 years old I broke my finger. The doctor did not want to see me because I am minor. A lot of disadvantages are caused by my age. Transportation is one of the biggest annoyances in my life. I have to leave home more than a hour to be on time for class, If I own a car that could be about 15 minutes. I hate when the bus is more than 2 minutes late because that makes me miss the trolley. English is not my first language; It is annoy when I cannot understand anything. I do not like to have to read my books so many times to make sure I understood the lecture. It is annoy when people laugh because of my pronunciation or any spelling mistake. Learn another language is interesting but sometimes it makes me frustrate. I am a kind of person who does not feel well under pressure. My family are first to ask for more than what I can do. It makes me mad because I always do the best I can. Especially in college the pressure is greater, a lot of classes and homework. Sometimes I am scare about not pass my classes, it does not let me sleep. Pressure is super annoyed for me. In conclusion, there are several things that make my life annoy. Almost all of them have a way to be solved. I will turn 18; I will get a license and be able to drive a car. College is not forever and is for a better life, my mom and brothers will be proud of me when I done my career. Thinking positive makes me see the annoyances of my life in the good way. It is great to know I am doing my best to reach my goals.

Raynair Business Model Essay

This year, Air Scoop is publishing an updated report on Ryanair’s Business Model, with a new task in mind. Starting from what was built last year, the 2011 Ryanair report has been conceived with a double objective in mind: to provide readers with a brief, compelling, synthesis of Ryanair’s business model and highlight new elements and evolutions in Ryanair’s skies. In no way is that report intended as a replacement of the one published last year, rather as a complement that should provide anyone interested in the European low-cost industry with a wealth of information on the market’s most important company. Conceptually, the 2011 report was elaborated along two different axis of analysis. In a first part, the report starts by taking a look at Ryanair’s revenues and expenses. According to the company itself, if Ryanair has grown so fast, it is thanks to an efficient mix of ever increasing sources of income and ever wider cost-cutting measures in all services. For this reason, the 2011 report looks, item by item, at Ryanair’s cost-cutting, profit-maximising strategies. From the most discussed to the lesser known tactics, the goal is to show how Ryanair has managed and still manages to constantly extract increasing income from its passengers while maintaining rock-bottom prices, through a relatively complex fare system and a slew of ancillary services. The report also investigates Ryanair’s largely misunderstood relationship with its own assets and how the airline managed to practically neutralise costs usually associated with aircraft and human resources, even turning airports into direct sources of revenues. The second part of the report is dedicated to a more analytical approach of the airline’s structure, providing the reader with an analysis of what Air Scoop judges to be the three main strengths of the airline. Namely, Ryanair’s legal strategy, whose dominant feature is an extremely proactive stance towards anything even remotely menacing to the airline, deterring irate customers from engaging legal action and submerging European regulators with complaints. Second, and perhaps most important, is Ryanair’s financial structure itself, through which the airline has optimised every part of its business, taking advantage of varying legal and fiscal frameworks all around Europe. Third is the most visible, but also possibly the least understood, part of Ryanair’s package for success, its communication. The airline, mainly through its hyper-charismatic CEO, Michael O’Leary, has managed to be present in every form of media outlet almost daily. Whether it be in good or bad terms, Ryanair is being talked about, and gets into customers’ minds and on every newstand in Europe. The traditional pricing system means that â€Å"fundamentally, each flight must be paid for by exactly one fare, but a single fare may pay for more than one flight. Multiple fares may be combined to pay for all the flights in a journey. The airline industry uses the term fare component (FC) to refer to a fare and the flights it pays for (covers)†1. Fare components can be combined in six different geometric figures (ranging from direct trip to elaborate circle trip), any combination of one to four fare components qualifies as a â€Å"Priceable Unit† (PU). A ticket can be built from any number of priceable units to form a coherent sellable trip. Some more restrictions may apply such as rules indicating that there â€Å"must be a Saturday night between departure of first flight in first fare component of priceable unit and departure of first flight and last fare component†2. This results in an incredibly complex faring system in the traditional airline industry and low transparency for customers. Many low-cost carriers use a different pricing system. Because companies such as Ryanair rely on a point-to-point rather than a hub-and-spoke system, they cannot offer similarly connected flights. Ryanair has decided to turn this into an advantage and offer simply-priced â€Å"point A to point B† tickets, avoiding the hassle of elaborating complex ticket structures and allowing the company to deny any responsibility in a missed connection while having the opportunity to intensively utilise aircraft and crews.

Corporate Governance and Heart Kids

BSBINM401A- Assessment 9Brandon Finn Task 1: Standard 1; Customer Feedback Form Standard 2; Lockable filing cabinet/ records Standard 3; Customer Satisfaction Survey/History Standard 4; As above Standard 5; As above Standard 6; As above I didn’t find this question to be very clear. Task 2: Home Address; Yes, we will require this to work out the cost of living for the customer’s location. Age; Yes, we would require this to decide their stage of life. What their priorities are re; Superannuation, first home. Marital Status; Yes, we would use this as they might have a second income we should know about.Number of Children; Yes, We need to know the number of dependants as their cost of living be much higher than a single person. Occupation; No, not necessarily important as to wage. Level of Education; as above. Wage; Yes, we need to know the income coming in to work out what the client can afford to have coming out. Task 3: i. a. www. heartkidsvic. org. au b. The purpose is to create awareness of heart conditions in children, and to provide useful information and avenues of support for families of heart children. c. Families affected by child heart defects. . You can call or email them for further information or read the about us section on their website. e. The site is by Still Moving Design for Heart Kids Victoria. ii. Heart Kids Victoria Report; Heart Kids Victoria is a non for profit organisation aimed at supporting children and families of children with heart defects. The website www. heartkidsvic. org. au is very informative, with support options for families and stories on many beautiful children who unfortunately have suffered with some type of heart disease in their youth.There are some great stories of triumph and some very heartbreaking stories also. The target audience is families, but also gives options to anybody that would like to lend a helping hand, be it financial or volunteering, there is links to find out how. The website by Still M oving Design has a great layout and is very easy to find your way around. The site is very informative, easy to use and will melt your heart. Great cause! Task 4: a. The positive aspects are all information is recorded and then can be used for training and to improve current practices. . The negative aspects are that the information is being double handled therefore reducing the efficiency of all staff. c. To improve the currnet process you could design a computer based system in which staff input the information directly to. This would mean there is no double handling of information and would create greater efficiency for the company. Task 5: a. I would consult the IT staff for their advice as to the best system available for our needs.I would also consult with staff as to their thoughts/input on the idea. b. The costs would involve the IT staff time in implementing the new system. There would also be cost involved in purchasing the program itself. Also the costs involved in traini ng the staff. c. To get approval for the idea I would get all staff to vote as to whether or not they agree with the idea. I would then take it to a board meeting where the board would then vote in approval or against the idea with all costs and information available to them, d.To prepare staff I would call a meeting and organise a workshop for our IT staff to show all staff how to use the program efficiently and effectively. I would also provide any one on one training required to any individual staff member that may be having difficulties after the workshop. Task 6: a. Finance Manager and Chief Financial Officer b. Learning & Development Manager and Technical Operations Manager c. Chief Executive Officer and Board of Directors d. Project Manager and Chief Technology Officer Task 7: Office 2010 Report to follow

Enterprise Group Policy for Security Lab Report Example | Topics and Well Written Essays - 250 words

Enterprise Group Policy for Security - Lab Report Example d access to local administrative includes the following: Modification of any registry setting, modification permissions on any file or folder, modification of any settings of the system, including setting stored in files in the system folder and many others. Allowing users to run as administrators can lead to potential security attacks and breaches (Dean 97). From control panel right click on local groups and users and from the menu, click on new-local group and from the dialogue box that appears, into the group text box type administrators, then select â€Å"remove the current user† check box. Then select apply (Dean 107). It is essential to reset the administrator password since the user had the privileges of an administrative before restricting them from the local administrators group. If the password is reset simultaneously with the extraction of user account the user may never have a chance alter or know the new local administrator password (Thilagam 79). From the control panel right click on groups and local users. On the menu select new-local user and from the dialogue box that appears into the user name text box type in administrator then into password text box type in new password and confirm in password confirm text box. Then select apply (Thilagam 99). User account control (UAC) offers a chance to facilitate security of the computer when an administrator and a user are logged in. It enhances protection against any virus or application that tries to write to protected/restricted areas of the computer (Rocha 123). Computer security is in a local network is very essential since it prevents both the computers and the user or administrator. The GPOs are in the frontline to ensure that the computers are fully protected against viruses and alteration of system files and folders by the

Discussion Board on Beverage Reverse Logistics Coursework

Discussion Board on Beverage Reverse Logistics - Coursework Example In an argument by Madaan & Wadhwa (2007) reverse logistics provide an organization with massive inventory that require to be handled before they could be released back to the market or appropriately disposed. In addition, this process significantly increases the expenditure cost of an organization. Handling the massive product and adjusting expenditure costs is a significant implementation challenge. Mollenkopf, Russo & Frankel (2007) assert that developing product handling techniques is a major problem in reverse logistics. In the beverage industry, product may be prone to breakages. Products returned from consumers may be packed ineffectively to withstand the transportation process. In an instance where the organization seeks to refurbish a product, the damages would hinder the process of remanufacturing to its desired market shape (Mollenkopf, Russo & Frankel, 2007). Generally, major problems in the implementation process of reverse logistics are from the cost incurred in product handing and transportation from the source to the company. Massive costs are also incurred in evaluating the changes required on the product to design a market desired final product. This is a major problem considering that products are required to be at a shape that can deliver the reverse logistics objectives of an