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Wednesday 31 July 2019

Zara Company

IntroductionThe United Arab of Emirates is always open to local and international markets, and keeps abreast of the continuous change in the marketing environment. The economy in the UAE is very strong as it ranks in the world market and compete with major countries. People in these days consider more about fashion and they try to follow any new lines of fashion because they care about elegance and everything that can make them beautiful. Zara is a brand that can satisfied people especially in the UAE because it products many of unique clothes, bags and shoes in a good price to be one of famous brand and known in the world. Spanish brand and one of a famous brand in the world which that is specialized in clothing and it founded by Ortega Goanna and Rosalie Mere in 1975. Brief background information about the brandZara is Spanish brand and one of a famous brand in the world which that is specialized in clothing and it founded by Ortega Goanna and Rosalie Mere in 1975. Zara known as one of the big and major selling brands and fashion retailer in the world and it is available in 86 countries in the world like Spanish which has a big number of Zara's shop, Germany, Morocco and the UAE. Zara has around 1763 shops around the world which can make a big seller and profit for Zara. Zara started to be distributed in 1957 for different countries in the world and they opened there shops in the Middle East during 1998 until 2000 in different countries such as the UAE, Kuwait and Egypt. Zara has different lines fashion for different categories like male, female and kids too and they focus on fast and practical fashion which is product in weeks.Consumer productThere several useful product that Zara provides to its customers. However, we chose makeup for women. We as female like to wear makeup always and we want Zara to produce those product because of the quality of their products. Like foundation is important one and lipsticks and mascara those are the main. These product will serve women specific the young girl because they like beauty cosmetics. The strength is the quality that Zara use with manufacturing its product so customer won't suffer from it although the weakness is the competitors like H&M they offer makeup for their customer with high quality and lower prices. B- Marketing Opportunities We have some idea, it will help Zara shop to improve and be better they can attract the customers through price cut and build more Zara shop in many different places it will be easy to visit this shop and buy more products, I think when Zara shop do the offers that will help them to find many customers. Product development is the creation of products with new or different characteristics that offer new or additional benefits to the customer, the process consists of the following stages coming up with a product idea, researching the idea, designing and planning.  Primary Research We evaluated the survey of people opinions about Zara. A total of twenty response, seventy five percent (75) were female. And twenty- five (25) percent were male. Most people were between two and thirteenth, and few of them were between fourteenth and twenty. We analyze the response in orders of question, and it turned out a huge amount of people prefer to visit Zara more than the other shop because they have excellent products. Not also they own one but even they think it reliable. From the study, most people who responded agrees to buy a product from Zara greater than the other products. According to the survey a small percentage of people are willing to buy this moment. On the other hand, slight amount of people is not interested in purchasing more products because it is very expensive and some people they don't have the Zara shop in your country. Or it depends on some people taste and that's why they don't see Zara shop as a first choice. However, Zara company improve their products and service quality to coming up with a product.Marketing opportunities:The marketing opportunity is â€Å"A potentially favorable condition in which a business can capitalize on a changing trend or an increasing demand for a product by a demographic group â€Å"(Investors words, N.D).We think marketing opportunity linked to its productivity development. When it is at a high level, Zara's profit will continue growth. The companies compete with each other, and they almost have the same competitive opportunities. The development, diversification, and innovation help the Zara and other companies to protect the opportunities of competitive.Human capital as well as technology information allow Zara to respond to the demand for its customer better than other companies (Lee.J, 2015). The clothes, perfume and chose industry need to understand the marketing opportunity to be in a good position in the market. There are many things that help Zara company to have a good marketing opportunity such as technological innovation and diversification. Innovation:The strategy of developing ideas that create value which is modern and suitable for people. When Zara's company create creative and innovative ideas in its product and services, it attracts its customer to come to the shop and by more. We are now in the era of innovation, so all people look forward exotic and creative things. Diversification:Diversification is an administrative method that gathers many investments in one portfolio.Zara Design team are producing 18.000 different model of clothes per year, that's about 70 every working day in a continuous process (7 innovation, 2013). Existing market segment and new market segment:We think new market segment attract people to come to the shop and buy because in these time people like the trend things. The existing market segment will not be developed and suitable for everybody.Segmentation and Targeting:â€Å"The identification of individuals or organization with a similar characteristic that has significant implications for the determination of marketing strategy)†Fahy & Jobber, N.D).Marketing segmentation helps Zara Company to support profit and economic growth, improve customer retention, and more effective targeting of communication. The clothing is changing every day which means the targeted consumer would need to be following the current fashion trends.We can divide consumer segmentation to behavioral, psychographic and profile. Behavioral:The objective of Zara Company is to increase customer equity and customer satisfaction, so the company tries to do research that improves products and services and pay attention to occasions. For example in AlEad they introducing a new collection. Geographic:Zara Company opens many branches in our country to facilitate access to it. And also open the branches in the places that are suitable for people regarding weather and safety. Demographic:Zara opens its branches in the area of population concentration such as malls, to be easy for the customer to buy. If Zara opens its branches in the place that's far from the population density, this will cause problems such as loss. Customer profile:The age range of Zara's customer is various, and it includes children, teens and adults. The more age group buy from Zara are between 18-40 years. They have mid-range income which makes them able to purchase. Also, they are interested in fashion trends.(Lee, J.2015).Application of the marketing mix:All markets applies marketing mix to promote their brand or product. The 4Ps make up a typical marketing mix; product, price, place, promotion. Zara provides various products for their customers. Also the main strength and power of Zara Company is that it's able to react quickly to the latest highly fashion, season needs and customer needs whether products or services. The following are the products line in Zara product mix;Clothes for men, women and kidsPerfumesShoes for men, women and kids6.1 Product We want to develop a new product that Zara Company doesn't considered about that is Makeup moreover Zara customers most of them are women they are loyal. As we see here the UAE community like Dubai, Abu Dhabi and Sharjah are developed and civilized, and they're in line with the latest trends in fashion specially the females, they like modern, show, painting and to wear makeup every day. Zara Company did researches and studies about launching makeup for women soon with high quality, professional and qualified workers, new features such us multi-tasking (foundation cream, lipsticks, mascara and eye shadow†¦) with suitable prices so clients could save money. The company is willing to spend lots of money on attractive advertisements for this new products. Cosmetics products serve women to look more shine and beautiful. As well as it will help them with suitable prices that we put. The products will have the brand logo and label, so that it distinguished from other makeup brands. However, the packaging it will be freak, clear and attractive also with low cost so the makeup won't be expensive. 6.2 Proposed price:Zara sits the price range depends on some factors such as countries, economy and number of costs, so every country has a different price of Zara's brand. Also, Germany has different prices from the UAE, so they have a high price for the products more than the UAE or other countries in the Middle East who have Zara Brand because the economy is different and the cost too. In addition, Zara tries to give people a good quality of clothes at affordable prices so that can bring a lot of profit for Zara. The pricing in Zara in the UAE is around 115AED – 500AED. Moreover, cosmetics like lipstick is 29 AED, blusher 20 AED, foundation 80 AED, eyeshadow plate 55 AED and mascara 32 AED. Value: Zara gives people one of the unique and fashionable clothes in the world with good price that all people can buy. Zara uses pull system in their stores and produce a small quantity of each style because of big numbers of styles that they produce each month. Zara uses a good manufacturing method to avoid any threat that they face such as some disruptions because the weather and factory problems which can effect on the production. In addition, it is an important for any company to build their values to make their brand one of the famous brand in the world, so Zara makes this value by the trust with their customers and give them a good quality of clothes. The value in Zara is around 13 billion in a year and more than 3 million customers around the world. Cost:The high cost requires a lot of money and profit to make a sustainable profitability. The advertising and store promotion cost 3.5% from their revenue, the company does not cost alt of money on their advertising but they said that the company invested around 450$ million on commercials and logistics area. In addition, the sales index's increased to 6%. Competitor: There are a lot of competitors of Zara such as H&M and Mango because they are two big companies that can make some challenge to Zara. There are some similarity and difference between these three companies such as Zara is product fast fashion for different categories like male, female and kids and H&M products for the same categories too but for practical and fashionable designs but Mango is special for only male and female without kids. The distribution in the world, H&M has more distributed in the world more than Zara and Mango so that can effect on the number of the profit too because H&M has a big profit in a year more than these two. The competitors also provide the similar techniques of promotion but Zara have to create creative and innovative promotion .For example in occasion it provide new collection with a good prices. 6.3 Proposed place:There are a lot of methods that Zara uses to be more distributed like having a lot of retail outlets in different countries.Also, Spain has a big number of Zara's shops in the world, so this is a kind of exclusive distribution. In UAE we have many stores of Zara which are located in Abu Dhabi, Dubai, AlAin and Sharjah. The survey results show that Zara company should open new brunches like in Fujairah and Ajman. We prefer to open Zara in each city in UAE because to make it easy to access to it.We also think that Zara has to open new section which is Makeup. Makeup attracts women to come and buy. Because of the quality and suitable prices that will support people to buy.If Zara makes offers this will cause more distribution and this will help Zara to be more effective. 6.4 Proposed promotion: The brand should focus on promotion to be more famous in the world and because a lot of people these days use the internet and websites to do shopping and see the new products so the brand should focus on website, some application like Facebook and Instagram help Zara to have a lot of customers from different countries. Nowadays, people use social media all the time, Zara has to join to social media to attract people by commercial advertising in Snapchat, Instagram, Facebook and YouTube. Moreover, release posters on the streets. Finally, they can put an advertisement in the cinema and television. In Dubai shopping festival, Zara takes the advantage of the opportunity and make offers that are the local people and foreigners happy with it. Conclusion Our report maintains data that we collected about Zara brand and how it began, who is the founder of, where is it location. Zara known as brand that has high quality of products and services that is it provides and manufacture. Zara organization is successful and the best brand between its competitors' and has huge number of clients. Also the Zara company continues to develop itself always in order to not lose the customers. The prices are reachable and suitable for all people. We included primary research a questionnaire survey to get the evaluation of Zara from people. References group, i. w. (n.d.). Market opportunity. Retrieved from investors world: http://www.investorwords.com/19306/market_opportunity.html#ixzz5CF7EiPeqinnovation, 7. (2013, November 13). Process Innovation – Zara. Retrieved from 7 innovation: https://7innovation.net/2013/11/13/process-innovation-zara/Lee, J. Y. (2015, May 12). Final zara marketing strategy . Retrieved from slide share: https://www.slideshare.net/JiYoungLee26/final-zara-marketing-strategyRuddick, G. (2014, October 20). How Zara became the world's biggest fashion retailer. Retrieved April 17, 2018, from https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11172562/How-Inditex-became-the-worlds-biggest-fashion-retailer.html Appendices: questionnaire 1. -clothes-shoes-perfumes 2. Do you think Zara shop prices suit everybody?-Yes-NO-Not sure3. Do you prefer or suggest to open new branch in your city?-Yes-No-Not sure4. Are you loyal customer to Zara store (e.g. have a customer card)?-yes-No-Not sure5. Are you satisfied with products and services that offered by Zara?-Yes-No-Not sure 6. What do you think of the quality of Zara products? -Excellent-Good-Poor-Very bad7. How often do you visit Zara? -weekly-monthly-once in a Yearly8. Does Zara's promotions attract you to come and buy?-yes-No-Somehow 9. What is special about Zara?-quality -prices-It offers all type of product (Perfumes, Bags, Dress and choses).10. Does Zara Company improve their products and services quality?-yes-No-Not sure

Tuesday 30 July 2019

Research Investigation: commedia dell’arte masks Essay

According to italian theatre historians, such as Roberto Tessari, Ferdinando Taviani, and Luciano Pinto, Commedia dell’arte, which literally translated as improvised comedy, developed as a response to the political and economic crisis of the 16th century in Italy and, as a consequence, became the first entirely professional form of theatre [1]. It is believed that the use of mask in commedia dell’atre originated in 1570 with Andrea Calmo, the actor and author who was inspired by the venetian carnivals of the time. She created Pantaloon who is the one of the most famous characters of commedia dell’arte today. She went on to create the spanish captain ‘Il Capitano’. Although her characters were initially unmasked, Andrea wished that the spirit of the Italian carnival ( which celebrates the epiphany [2] ) would be represented in her plays and therefore she introduced the masks and thus created the commedia dell’arte that we know today. [3] The carnival of venice. [1] Records of commedia dell’arte performances date back as early as 1551, where they were acted by professionals outside on temporary stages with costumes and masks. But as it was so popular with the nobles, many performances were also done indoors at court for the amusement of nobles. [4] After it became famous with the nobles the troupes began to move to france where many play writes such as Moliere were inspired to move their written works towards comedy.[5] Commedia dell’arte started to become popular outside Italy in the beginning of the seventeenth century. As the ‘tipo fisso’ (fixed stereotypes) soon became satiric references to the Italian parliament and to the typical Italian person it became one of the most popular comic theatre genres in the 17th and 18th century. [6] There are several reasons for the use of masks in commedia dell’atre. Primarily, as this type of theatre has fixed characters but is essentially improvised, the masks are used so that the audience was able to identify the characters. As commedia dell’arte was performed by different travelling companies, this meant that they would have different costumes, yet the masks would retain all the information needed to recognise a specific character. [7] Also as these performances were mainly on the streets or by the road, there would not really be a stage nor seating for the audience this made it difficult for everyone to see everything from the same angle or height. With the masks, all the audience could observe the emotions or actions that were being portrayed.[8] Commedia dell’arte masks were traditionally made of leather and only covered half of the actor’s face. They were like this so that the actor was able to project his voice and made certain noises that he could not do with a full mask. The masks were made to fit the face of a given actor because he or she would generally act out the same character for his/her entire career. Commedia dell’arte masks tend to have large, broad feature which are distinct to each character. For example on the character Zanni, the nose is very large. It is said that the larger the nose is, the stupider the Zanni represented tends to be. Zanni [2] Zanni [3] As I have said before, commedia dell’arte characters were based on ‘tipo fisso’ (a certain stereotype). Some of them have changed there name or personality over time for example Zanni, who is characterised as short of wit and always without money. Zanni has several masks that represent him which have changed over time with the fashion. Which all mean different things for example the Brighella mask which represents that poor and starving and hopeless side of Zanni and the Pucinella mask which represents the side which is also poor but although he is stupid he is able to outwit many. Many of the characters had a stereotypical opposite for example the stereotypical opposite of Zanni is represented with the well known character Pantalone (Pantaloon) who is typically arrogant and rich and who is always dealing with people who are trying to take his money away from him. Pantalone [4] Although most of the commedia dell’arte characters wore masks, there were few that were never masked. For example Isabella. Who was most famously acted by the famous actress Isabella Andreini. Also the lovers who were mostly the daughters and sons of the old and rich such as Pantalone or The Captain did not wear masks. This is because they were just there to bring the satiric comedy of romance and love to the performance. They were there to make the performance more light. And therefore did not have a specific characteristic apart from being completely in love with their character. [10] Commedia dell’arte masks were useful in the sense that although the the costumes and stage changed in fashion over time, The masks stayed basically the same. In this way the audience could appreciate and recognise the character and still enjoy new ways of the typical story being presented. In many schools such as Jaques Lecoq’s international school of theatre in paris, commedia dell’arte masks are used as a learning instrument for aspiring actors. Jaques Lecoq, was born in 1921 started off as a sports teacher and then moved on to acting with his partner, Gabreielle Cousin. He moved to Italy for eight years in 1948 where he discovered Commedia dell’arte. Together with the sculptor, Amleto Sartori, they developed the neutral mask. When Lecoq moved back to Paris he devoted the remainder of his life to teaching at his school. Jaques Lecoq [5] His school offers several courses that work on understanding and working with the body through the use of masks. His philosophy was that in order to become a good actor, you needed to use the Neutral masks to discover your body, movement, balance and space. He also believed that the typical half masks of commedia dell’arte, played an important role in improvisation and to work on character types therefore he integrated both into his courses [11]. Words 1000 (not including bibliography, notes under images nor titles ) Bibliography: [1] – http://en.wikipedia.org/wiki/Commedia_dell’arte [2] – http://www.religionfacts.com/christianity/holidays/mardi_gras.htm [3] – http://italian.about.com/library/weekly/aa110800a.htm [4] -http://www.tutu-inc.com/thesis/THESIS.htm [5] -http://www.therudemechanicaltheatre.co.uk/talkarchive.htm [6] -http://www.tutu-inc.com/thesis/THESIS.htm [7] – http://www.usq.edu.au/artsworx/schoolresources/androclesandthelion/commedia#Mask [8] – http://wiki.answers.com/Q/What_are_masks_used_for [9] – http://italian.about.com/library/weekly/aa110800a.htm [10] -http://www.delpiano.com/carnival/html [11] – http://www.ecole-jacqueslecoq.com Bibliography of Images: [1] – http://travel.smart-guide.net/venice-carnival [2] – http://tombanwell.blogspot.com/2010/09/zanni-leather-mask.html [3] – http://www.theater-masks.com/commedia-masks/commedia-mask-zanni-1 [4] – http://www.clg-mignet.ac-aix-marseille.fr/mignet/spip.php?article440 [5] – http://www.maghress.com/fr/marochebdo/31832

Monday 29 July 2019

Report on the recent performance of Bank of New York Mellon Essay

Report on the recent performance of Bank of New York Mellon - Essay Example The banking entity is also one of the largest asset managers in the world managing USD 1 trillion of assets in its business. The bank of New York Mellon has an employee base of around 50,000 working in more than 100 markets throughout the globe. The Bank provides global financial services for corporations, institutions as well as the high net worth clients. The main functions of the bank are servicing and managing the financial assets of the customers. The banking corporation provides excellent asset management, wealth management, treasury services, asset management and services and clearing services. The Bank of New York Mellon Corporation is the first bank in the United States of America which joined Society for Worldwide Interbank Financial Telecommunication (SWIFT) in 2007. The Bank is also a member of the Clearing House Interbank Payment system (CHIPS). The BNY Mellon Corporation has two subsidiaries operating under its business- The Mellon Capital Management and BNY Mellon Asse t Management which are used for providing the asset management and wealth management services to the institutional investors. The wealth management business of BNY Mellon Corporation is dedicated towards the high net worth investors and foundations. The paper aims to focus on the wealth management or the private banking services of BNY Mellon. The wealth management of BNY Mellon offers world class capabilities customised for all types of clients across the world. The services offered to the clients include investment management, servicing of assets and information management, planning of wealth and estate as well as private banking. The client base of the bank includes families and individuals, endowments and foundations, institutions as well as professionals. Discussion The main industrial characteristics of the market The global banking industry is characterized by most of the financial institutions struggling towards growth and implementation of change programs while managing the costs in the changing global scenario. The largest banks of the work banks are implementing evaluated restructuring programs to cut down on the costs while increasing the profitability of the business. The industry is dominated by rapid growing markets and unpredictable changes thus making flexibility and adaptability the key secrets to survive in the evolving global banking industry. The industry shows a number of conflicting challenges and demands for the banks and presents an uncertain and volatile industry landscape. Unfortunately, they had anticipated a much more benign economic environment in which to adapt to the paradigm shift in the banking landscape. Now banks face a near-perfect storm of challenges and conflicting demands in a volatile and uncertain environment, locally and globally. The economic slowdown throughout the world is varying across the different geographical sectors and the Governments continue to take strong steps towards stimulating economic growth. The glo bal banking industry has a sustained growth rate but at a decreased magnitude (Cap Gemini Consulting, 2012, p.3). The main issues impacting the private banking and wealth management industry are with respect to then external environment of the industry, the

Sunday 28 July 2019

WK 4 PERCEPTION KEY Assignment Example | Topics and Well Written Essays - 500 words

WK 4 PERCEPTION KEY - Assignment Example Towards the end, the composition returns to F note, building a feeling of completeness in listeners-releases tension. There are no areas in the composition where F is expected to be the next not and it is not. It has been supplied well when expected signifying a sense of stability or temporary stability, indicating that, the supply of F appropriately helps release tension in listeners. The difference in the temporary finality created in the middle section and the finality expressed at the end is effective in the sense that, it shows as the effects of temporary stability, the limits of our movement from that stability and the associated security and pleasures of total stability experienced at the end. This composition evokes a feeling of insecurity and tensions associated with being away from home. Just as this composition, swing low sweet chariot, any piece that produces what is expected of it, is not only interesting but also satisfying. Rock dance is a dance technique that is highly demanding because of its acrobatics, high speeds, and is also a straining dance performance considered to be a preserve of young dancers. Rock dancing demands loud music because it is argued that, loud music is in sync with intense energy. In order to achieve the requirements of rock dancing techniques, loud music is essential, because, it is an obvious synchronization of body and mind. Performing of powerful and spontaneous muscular motions explains the popularity of rock dance, especially in the sixties and the seventies. This is attributed to the fact that it is very competitive, athletic and is a dance that, although demanding, can be performed by both groups and couples. Older generations dislike both rock dance and rock music because of their acrobatic, high-energy, speeds and loud music respectively. For this reason, rock dancing is a mode that can be both danced and watched. Rock

Saturday 27 July 2019

Kurt Lewin and the Planned Approach to Change Essay

Kurt Lewin and the Planned Approach to Change - Essay Example Several of those that are arriving late for their shifts are attending college courses and use this as an excuse to be late. While there may be some merit to this reasoning, the aftereffects on the rest of the staff are detrimental to moral. The group as a whole must then be looked at to see how it behaves and functions. This is a term that Lewin referred to as â€Å"Group Dynamics.† Lewin breaks this down into the following six categories: (1) Group productivity: why was it that groups are so ineffective in getting things done? (2) Communication: how influence is spread throughout a group. (3) Social perception: how a person group affected the way they perceived social events. (4) Intergroup relations. (5) Group membership: how individuals adjust to these conditions. (6) Training leaders: improving the functioning of groups (T-groups). (Greathouse, 1997) Using this as a guideline and framing out the power struggles in the force field above, in order to create change the restraining factors must be reduced and the Driving forces must be increased. In order to begin to improve the functioning of this group, the power base must be altered so that the tardy nurses who have received no sanctions to date, begin to understand that their behavior is no longer tolerated by the leaders in the group. This would be done by increasing the enforcement of a policy which would reduce the tolerance by management and increase sanction (decrease no sanctions) for the late nurses. This also alleviates the on-time nurses’ feeling that the late nurses’ are tolerated and special. And the relief shift would be more assertive and alert. The new graph would look like this: This will create the necessary energy to unfreeze the situation, create the momentum for change and then refreeze the situation with the new parameters in place (Burnes, 2004).  

Friday 26 July 2019

Evaluation Plan Essay Example | Topics and Well Written Essays - 500 words - 1

Evaluation Plan - Essay Example The confidence of the older patients with chronic disease can be improved by providing education. This can be done through self-management support. This entails helping the patients to be informed about their condition. This would in turn make them to be active during the treatment. There are two interrelated activities that are undertaken during self-management support. First, the patients are provided with information about their chronic conditions. Secondly, the care giver should work with the patients in making medical decisions. This includes indicating whether the patient agree to take the recommended medications, whether the patient is willing to undergo surgical procedures and making the patient to be self-motivated by allowing the patient to choose the health-behavior-related goals they desire to undertake. Another notable way of assisting the older patients with chronic disease is by group counseling. This implies a therapy format that entails approaching individual’ s issues through the adoption of interpersonal interaction. Apart from assisting the patients to build confidence in managing chronic illnesses, Living Well with Chronic Conditions provide the patients with information on how to manage pain, how to increase their physical activities, healthy eating habits, and making of proper treatment choices. Patients with chronic conditions confidence can also be enhanced through community fairs in senior centers.

Non-Human Value Essay Example | Topics and Well Written Essays - 250 words

Non-Human Value - Essay Example This is because of the spillover of the larvae that do not generate in the plantations (Lucey & Hill 2012). By contrast, species that cannot breed in the plantation increase near the forest. These have a negative impact on the plantations, to rectify the result; preservation of the forest around the plantation in the scattering of some species through the countryside. The world is experiencing rapid population growth of about 6 billion, which is significantly a large number. Moreover, with these large populations of humans on earth overwhelming the energy and resources generated, it is raising alarm of environmental challenges (Lucey & Hill 2012). These are leading to excessive exploitation of resources in order to sustain the population. In this regard, survival for the fittest is becoming a trend in the world to curb the world hunger. Due to these, the world is experiencing a number of changes fuelled by the population action. In order to control the population, there have been strategies to regulate the world’s population. In this context, there has been the introduction of contraceptive pills and educating the women on the need to have few children. On the other hand, these will help in the conservation of the environment (McKibben, 2012) McKibben, B. (2012). A special moment in history: The challenge of overpopulation and overconsumption. In L.P. Pojman & P. Pojman (Eds.), Environmental ethics: Readings in theory and application, (6th ed., pp. 260-271). Boston, MA: Wadsworth,

Thursday 25 July 2019

APT- Arbitrage Pricing Theory and CAPM-Capital Asset Pricing Model Research Paper

APT- Arbitrage Pricing Theory and CAPM-Capital Asset Pricing Model - Research Paper Example In the action of comparing investments’ returns and risks, if CAPM or APT is well utilized, they will reflect on whether one ought to invest in a given firm or another. The formulas to these two methods are given under; CAPM Re= Rf + ÃŽ ²*(Rm – Rf) Where; Re = Required return rate Rf =Risk-free return rate ÃŽ ² = Beta, which is the market risk factor premium Rm = Expected overall market return rate (valuebasedmanagement.net, 2011) APT Re = Rf + (Individual risk factor premium*Relationship between the factor and price) + (Individual risk factor premium*Relationship between the factor and price) Generally, these two methods are different in that one (CAPM) uses beta- which is the risk factor of a given stock in relation to that of the market. Therefore, if beta equals 1 this stock is equally risky with the market, if it is 2 the same stock is twice risky in comparison to the market. While on the other hand, APT utilizes individual factors in place of beta. Also APT does not apply the market return rate and thus considered to be more particular to a given stock in focus. CAPM’s data is objective while APT applies data from a single stock. Thus, CAPM is recommendable to an investor who is relatively dormant as compared to APT, which if correctly applied is better placed to assess projects. (Grover, 2010) Some authors have applied APT and compared the resultant estimates with those of CAPM. Patterson notes one of the cases where such has been done is the electric utility’s, written by Ross and Roll in their 1983 book. According to Patterson the end results of APT were credible in comparison to those of CAPM. But, this was without enough justification of the results. (Patterson, 1995 p151) Besides the first two, there are methods of assessment like the Dividend Growth Model and Modern Portfolio Theory. The Dividend Growth Model shows the value of ordinary shares in present value of the prospected future flows of cash which has been invested by an investor. The receivable cash inflows are taken as dividends as well as the expected price in future while the stock will be disposed. An ordinary share usually does not possess maturity and thus, it is held for numerous years. Therefore, a general ordinary shares’ valuation introduced by Gordon would be as below; P0 = ?t= 1â₠¬ ¦? Dt/ (1+r)t Where; Dt = dividend in duration t P0 = current stock price in the market r = constant yearly rate of growth of dividends t = number of given durations of periods (Siegel, et al 1997 p140) Just to mention, the other model investment assessment is known as MPT- Modern Portfolio Theory. This is a theory applied by investors who are risk averse and at the same time they want to achieve maximum or optimum level of expected return which is based on the market risk level. It emphasizes that risk is inherent in the process of getting the rewards associated with it. MPT is sometimes called the ‘Portfolio Management Theory’. As per the argument of this model, it is a possibility to come up with an efficient frontier that depicts optimal levels of a portfolio giving the maximum rate of expected return at the given risk levels. (investopedia.com, 2011) The study is set out to explain that the most recommendable model in the assessment of investment projects is CAPM . First things first, though, since lack of consideration of the assumptions would not lead to a comprehensive outcome of the study. The model of CAPM has the assumptions mentioned below forming its basis; Persons seek to achieve maximum utility of their investment portfolio over a given duration of planning horizon, Persons involved are risk averse, Persons have expectations

Wednesday 24 July 2019

Contribution of Motivation in Reducing Employee Turnover in the Essay

Contribution of Motivation in Reducing Employee Turnover in the Banking Sector - Essay Example In turn employees expect fair pay, good working conditions, proper tools and equipments, secure career, fair treatment, advancement training, power, as well as involvement in making decisions amongst many other needs (Nandanwar, Surnis, and Nandanwar, 2010: p9). Expectations from both employees and employers vary with organization and individual thus the burden experienced by top management in ensuring that there is no conflict of the interests and needs. Addressing employees’ expectations requires understanding of employee motivation. Employee motivation is one aspect of human resource management with its main function being uplifting the morale and spirit of work amongst employees (Sara, Katharina, and Sverke, 2009: p4). Uplifted spirit and morale enhance meeting of set targets, objectives, aims, goals, and standards while at the same time following established rules and regulations. Notably, employee motivation reduces movement in an out of an organization (Wilson and Madse n, 2008). In fact, employee motivation enhances retention of individuals within a firm hence reduction of employee turnover, which has so far proved to be very costly in terms of time and other resources. Banking industry is a very sensitive sector as it deals with customers’ money and other valuables. ... Within this proposal, research aims and objectives coupled with an overview of the literature to be used in the final dissertation is provided. Moreover, this dissertation proposal outlines the proposed research plan, which will include overall research strategy, underlying assumptions, research methodology, critical discussions, and conclusions. Aims of the Study Based on the above introduction, the major aims of the proposed dissertation are improvement-related. Particularly, these aims can be listed in the following chronological list. i. Identifying various aspects of employee motivation. ii. Identifying factors resulting into differential employee needs hence motivation. iii. Finding out relationship between motivation and employee turnover in the banking sector iv. Identifying how motivation reduces employee turnover in banking sector Objectives of the Study i) To identify the role of motivation in reducing employee turnover in the banking sector ii) To understand how motivatio n reduces employee turnover in the banking sector Research Questions i) How are employees in the banking sector motivated? ii) What determines employees’ motivation in the banking sector? iii) How do employees respond to motivation in the banking sector? iv) How does motivation contribute to reducing employee turnover in banking sector? v) Is motivation the major factor in reducing employee turnover in the banking sector? Chapter 2: Overview of the literature According to Rynes, Gerhart, and Minette (2004: p1), contrary to expectations of some employers contemporary employees do not place much emphasis on financial rewards. As a result, many employers have found motivation of employees very difficult despite reviewing of their financial rewards upwards (Emery and Oertel, 2006: p2). It

Tuesday 23 July 2019

Personal Statement of Purpose for MA in Criminal Justice to Loyola

Of Purpose for MA in Criminal Justice to Loyola University of Chicago,IL - Personal Statement Example This foundation I suppose bears enormous impact on my decision to pursue further studies involving criminal justice system. Through my work as a manager of a commercial department back in Russia, I obtained profound realization of the immense worth there is in building people’s confidence at work. I used to supervise six people at this stage and treating each of them with fair amount of reward or sanction deserved became essential as it reminds every person that justice does exist. During my undergraduate years prior to this, I studied diligently and was also conscientious of taking academic details in account so that as early as this period I had already practiced even distribution of energy to each scholastic assigned task besides wise management of time. At school, I made sure that I could get my points across with adequacy in any aspect without offending the other party and in return, allowed others to be listened to sincerely. Such endeavor has not ceased to this age and even while I took up Management in Social Sphere which was another huge step in my learning to adjust with different kinds of people and value deep human relations where everyone is synergistically encouraged to express diverse opinions with respect to social matters that tap into politics and economy in general.

Monday 22 July 2019

A Covenant in Biblical and Legal Terms Essay Example for Free

A Covenant in Biblical and Legal Terms Essay The goal of this particular essay is to explain the various covenants in which the Bible mentions. This paper shall compare the Biblical covenants with the legal covenants. DEFINITION: Before the author of this paper can move forward one must first define what a covenant is. According to http://www.merriram-webster.com/dictionary/convenant it tells us this is merely a written promise/agreement between two or more parties. However, when referring to the Bible it is then personal because it is a promise between mankind and God. However, there is another way of explaining the definition of a covenant according to (http://ehis.ebscohost.com.library.gcu.edu:2048/ehost/pdfviewer/pdfviewer?sid=ab6d21cb-c8ea-436e-a5e8-5fcc2808a6c7%40sessionmgr112vid=6hid=23) Covenanting, a keyword in the ecumenical process of mutual commitment for justice, peace and the integrity of creation, is also a keyword in the biblical tradition. So central a place does it occupy that Christians use the titles Old Testament (sc.Covenant) and New Testament (sc. Covenant) as summaries of the contents of the Hebrew Bible and the testimonies of the first Christian community. COVENANTS WITHIN THE BIBLE The bible informs us of the many which appears to be eight. The Bible also shows examples whereas God makes these covenants not only with mankind but also individuals. These A COVENANT IN BIBLICAL AND LEGAL TERMS Covenants are also broken down into two different descriptions one being called a conditional covenant and the other being called an unconditional covenant. TWO DESCIRPTIONS OF COVENANTS: 1. Conditional covenant are the ones in which Gods promises He will always stand with man but man must also do his part and fulfill His laws and command which had already been established. 2. Unconditional covenants are basically showing Gods promises are granted and it does not matter what man will or will not do. The Bible informs us of eight covenants; with the first covenant being called one Endemic covenant also a conditional covenant given unto Adam and Eve by God who had to give them everything they would need in order to survive (Genesis 2:16-17). God did provide them with certain conditions for they had to obey His every command and if they did not then there would be consequences and curses would fall upon them as well as their future generations to come. Because of their downfall the second covenant which had come about is known as the Adamic covenant (Genesis3:16-19) and this one was considered to be an unconditional covenant because of mans fall and what mankinds life will not be like because of sin. The third covenant in the Bible would be another unconditional covenant known as the Noahic Covenant (Genesis 9:1-18). This particular covenant tells us how God still reveals what His purpose is for mankind through Noah. Not only this but also the prophecy of Noahs children in which sh owing the Messiah would come and the symbol/seal of this covenant was a rainbow. The fourth was the Abrahamic Covenant (Genesis chapters 12, 13, 15, 17, 26 28) for this is also an unconditional covenant because of the circumcision being the sign. In this God does have an agreement with? A COVENANT IN BIBLICAL AND LEGAL TERMS Abraham He would keep His Word. By this I mean within the Bible we see how God promised Abraham many blessings, posterity, a great nation as well as land. This covenant was basically to show mankind throughout all generations to come everyone could still have the promised of God but that each individual must obey His Word. The fifth Mosaic Covenant located in the Book of Exodus (19:4-6) is to be considered a conditional covenant. For this particular covenant was given into Moses from God so he (Moses) could have or rather established a relationship with the people of Israel and God. This was an essay covenant to follow for all God wants is actually simple to keep the Sabbath holy. The sixth covenant known as the Deuteronomic Covenant (Deuteronomy 30:1-10) is unconditional as well as conditional: unconditional with regards to the fulfillment of Gods command; conditional because throughout every generation someone will use the covenant and obey God. Although Israel is consistently shown or rather mentioned through the Bible it is also a way to show mankind how everyone will eventually see the return of even Israel back to the land (Earth).The seventh covenant known as Davidic Covenant (2 Samuel chapter 7) is a covenant of promise made from God to David everyone is guaranteed an everlasting throne. And the covenant which is the eight covenants is known as New Covenant (Jeremiah 31) and was established because God had promised a new covenant to the descendants of the ones whom He had originally given the Old Law Covenants and this new covenant was for Israel. But in general it also is basically to be set forth with established Laws for the entire universe. A COVENANT IN BIBLICAL AND LEGAL TERMS LEGAL COVENANT LAWS Throughout the Bible all of Gods Laws were legal in my eyes. For although the prophets were given the Biblical Covenants it was then beginning with Adam and Eve that legal covenants had already been established as well. The legal covenant is the basis for all of mankind to be able to repair what damage has been done prior to his or her entry into this world by this I mean one needs to recognize how powerful Satan and his deceptions can become but hold and keep God closer than ever before to their hearts. This will allow everyone to have a place with God and everlasting peace. In the Book of Hebrews it tells of how the laws were set aside (7:18; 10:9) offering everyone hope, and how we start with our Faith.† God has given up His only son for everyones sins in order for all concerned to inherit the eternal kingdom of Heaven. Laws are also transformed in the way we apply them to become a part of our daily walk with God. For God also showed mankind how for every reaction there are consequences one will and must face. In other words if you break the law and Gods law you will be punished. According to http://www.berith.org/pdf/The-Covenantal-Structure-of-the-Bible.pdf God’s covenantal judgment upon Christ at the cross opened the way of salvation so that the human race (not every individual man, but the majority, the world) has been saved from God’s everlasting wrath. Also according to (Catholic Biblical Quarterly; Apr2008, Vol. 70 Issue 2, p223-243, 21p) the long-standing traditional view is that the legal material of the Pentateuch presents the law that was authoritative and in force in ancient Israel and Judah. This material is believed to have contained the rules by which the society and the legal system operate.

Matricaria Chamomilla (Chamomile): A Pharmacognosy Review

Matricaria Chamomilla (Chamomile): A Pharmacognosy Review Abstract Matricaria chamomilla is one of the most ancient and renowned medicinal plant from Asteraceae family. Chamomile is a well-heeled plant of natural stuff having pharmacognostic properties. This plant is natural source of blue oil, prepared by various methods such as hydro-distillation, chromatography techniques, etc. Earlier studies on plant compounds classified have nutritional values and more than one biological activity. Chamomile is thus used in cosmetics, perfumery, in food industry and aromatherapy since thousands of years. It has been suggested as alleviate for numerous diseases. This article briefly reviews the details on chemical constituents of essential oil and plant parts as well as their pharmacological properties, accomplished by QSAR and pharmacophore studies which is an in silico approach that increases the activity of plant by modifying its functional groups. This is an attempt to compile and document information on various aspects of chamomile plant and emphasize its need for research and development. Keywords: Matricaria chamomilla, chemical constituents, pharmacognostic, QSAR Introduction The relationship of plant life and human well-being has been renowned for thousands of years.1,2 Herbs have been vital to both traditional and non-traditional forms of medication dated back to at least 5000 years.3-5The enduring popularity of herbal remedies may be enlightened by the propensity of herbs to graft gradually, typically with minimal toxic side effects. Plants are imperative sources of medication since time immemorial. Studies on natural-products are meant to establish therapeutic values of plants by exploration of existing precise scientific knowledge, conventional uses, and invention of potential chemotherapeutic agents.6 The history of herbal medicine is as old as human civilization. With the promising global concern in adopting and studying customary system of medicine and exploring their potential based on different Medicare systems, the estimation of rich heritage of medicinally active plants is primarily carried out on the basis of morphological, phytochemical, pha rmacological and different techniques such as chromatography, distillation, etc.7 One of the most common herbal plant used for curative purposes is chamomile whose homogeneous tea and herbal mines are primed from dried flowers ofMatricariaspecies.8 Taxonomical classification Kingdom: Plantae, Division: Magnoliophyta (Flowering plant), Class: Magnoliopsida (Dicotyledons), Family: Asteraceae, Genus: Matricaria L., Species: Matricaria chamomilla (German chamomile).9 Morphology of plant Matricaria chamomilla commonly known as German chamomile is one of the most ancient annual herbaceous plant of composite family Asteraceae.10 This composite flower is largely favoured aromatic plant having multi-therapeutic values. Chamomile is highly imperative medicinal herb native to southern and eastern Europe. It is most ancient medicinal plant used in herbal remedies for thousands of years known to mankind. Matricaria Chamomilla is a natural resource of blue oil. Various sections of plant such as aerial parts, root and shoot system contains essential oil that has been recommended for variety of healing ailments and diseases.11 Chamomile is a rich source of natural products. There is an immense demand for chamomile plant world-wide because of its influential medicinal values and pharmacological properties. Chamomile plant has a sweet, verdant, and faintly fruity scent. Its florae are daisy-like flowers, with yellow cores and white petals.12 The color of the Blue oil is due to the terpenoid chamazulene, which has been reported for its anti-inflammatory, anti-allergic, and antispasmodic properties.13 Chamazulene is biosynthesized from sesquiterpene Matricine, which is reported to have solid antioxidant activity and antimicrobial pharmacological actions.14,15 Ethnobotanical Profile Chamomile being a constituent of various traditional, unani, and homeopathic medicinal provisions, it has been used greatly in flatulence, colic, hysteria, and intermittent fever as a drug.16-18 Many scientists have quoted from writings of several doctors of ancient times that chamomile was also used in cardiac diseases and in functioning of liver.19-22 The diverse range of essential oil isolation techniques and analytical procedures have been smeared for studying the volatile components of chamomile by several groups.23 Numerous essential oils are currently in use as aromatherapy agents to ease anxiety, pressure, and depression. Standard anxiolytic oils include lavender oil, rose oil, orange oil, bergamot oil, lemon oil, sandalwood oil, rose-scented geranium oil and chamomile (German and Roman).24 This aromatherapy is the use of concentrated essential oils extracted from herbs, flowers, and other plant parts to heal several diseases. Aromatherapy is becoming increasingly more popula r; however there are only a few apparent indications for its use.25 Aromatherapy massage exerts optimistic effects on anxiety, self-esteem and also highly reduces stress and stress responses in adolescents by taking aroma treatments.26, 27 The international demand for chamomile oil has been steadily growing. Chamomile is internally used as tisane for stomach pain, slow digestion, diarrhoea and nausea; more rarely and very efficiently for inflammation of the urinary tract and for aching menstruation. Chamomile is used chiefly as an anti-inflammatory and antiseptic, also as antispasmodic and mildly sudorific.28 The chamomile extracts was found to have the most effective anti-leishmanial activity.29 The other uses of Matricaria chamomilla are in cosmetics, perfumes, food additives, while the external use includes the powder form of drug that can be applied for healing, skin eruptions, and infections.10,30 A number of chemical constituents have been identified in chamomile as secondary metabolites, including terpenoids, flavonoids, phenyl propanoids and many other additional compounds with potential pharmacological action. Phytochemistry and Pharmacology of Compounds Plants engender primary and secondary metabolites which encompass a wide range of functions. Plants can produce many different types of secondary metabolites that comprise of compounds having multivariate function, exposed by humans for their beneficial role in a varied array of applications.31 Phytochemicals have been the single most fruitful source of leads for the expansion of new drug entities from the dawn of drug discovery. They cover up a wide array of therapeutic indications with a huge assortment of chemical structures.32 The Phytochemicals isolated from Matricaria chamomilla have been classified into different classes of compounds (see table no. 1). The detailed information for each class of compounds can be accessible from supplementary table no. S1-S10. Alkanes Alkanes are acyclic branched or unbranched hydrocarbons having the general formula CnH2n+2 , and therefore comprises completely of hydrogen atoms and saturated carbon atoms.33 Drugs are increasingly being developed from natural products and several alkane compounds such as hexane have already been reported, offering a very promising approach to identify novel anti-angiogenic and anti-cancer agents.34 A considerable number of alkanes derived from chamomile have been identified mostly as antimicrobial and anti-inflammatory agents. A list of alkanes along with its structure and biological activity has been documented in a table (see supplementary table no. S1). Flavonoids Flavonoids are low molecular weight bioactive compounds of enormous biological importance. Flavonoids are secondary metabolites outlined by flavan nucleus and its carbon framework refers to C6-C8-C6.35 These compounds can be classified as polyphenols or phenolics. Flavonoids can be further grouped into subclasses such as flavones, flavonols, flavanones, chalcones, aurones, isoflavones, anthocyanins, and proanthocyanidins. Flavonoid displays several biological properties like antioxidant, anti-inflammatory, anticancer, antiobesity, cardio protective, and neuroprotective activities.36 A huge number of flavonoid compounds such as rutin, quercetin hesperidin and many others have been reported as drugs that tend to possess anticancer, antioxidant and even senescence effects.37,38 A list of flavonoids along with its structure and biological activity has been listed in a table (see supplementary table no. S2). Terpenoids Terpenoids, encompasses the most abundant and morphologically diverse group of plant secondary metabolites. Terpenoids are more frequently present in plants and around 23,000 compounds have been isolated in all. Terpenoids being a rich reservoir of candidate compounds have been characterized as monoterpenes, diterpenes, hemiterpenes and sesquiterpenes.39 Terpenoid production from plants has various defensive and protective functions that holds potential therapeutic properties such as anticancer (mostly leukemic), analgesic, antioxidant, antimicrobial and others. The terpenoid, eucalyptol which is a fragrant chemical has been propagated as nutraceutical having analgesic, anticancer and anti-inflammatory properties.40,41 A list of terpenoids along with its structure and biological activity has been revealed in a table (see supplementary table no. S3). Coumarins Coumarin, which was isolated in 1820 for the first time is classified as an element of benzopyrone family of compounds.42 Coumarins are the well-known phytochemicals that are comprehensively used as a natural active compound. The synthesis of coumarins and their derivatives have noteworthy significance from organic and medicinal chemists for several years. They have been generally used in food, perfumes, cosmetics, pharmaceuticals and as optical brighteners.43 Several coumarins and their derivatives have been reported for its antimicrobial and anticancer effects, some of which act as drugs. Dicumarol, cyclocoumarol, coumarin and its derivatives are used as an anticoagulants.44 A list of coumarins along with its structure and biological activity has been listed out in a table (see supplementary table no. S4). Phenyl propanoids Phenyl propanoids are the varied family of organic compounds synthesized from amino acid phenyl alanine.45 Phenyl propanoids are the plant polyketides that tend to possess multiple biological functions such as anti-inflammatory, antioxidant, anti-depressant and anticancer.46 Phenyl alanine which is an essential amino acid is sold as nutritional supplement for its reputed analgesic and antidepressant effects.47,48 Phenyl alanine first gets converted to cinnamic acid by deamination which is than followed by hydroxylation and frequent methylation to produce coumaric acid and others with phenyl propane.49 A list of phenyl propanoids along with its structure and biological activity has been recorded in a table (see supplementary table no. S5). Spiroethers Spiroether isomers isolated from chamomile showed antispasmodic and anti-inflammatory activities.50 A list of spiroethers along with its structure and biological activity has been mentioned in a table (see supplementary table no. S6). Fatty acids Fatty acids are carboxylic acids with a long aliphatic hydrocarbon tail produced by hydrolysis of triglycerides. These are either saturated or unsaturated naturally occurring fatty acids. 51 More interestingly, isoamly acetate released from honey bee’s sting act as pheromone.52 Isoamyl acetate is also found to be isolated from wine.53 Fatty acids possesses anticancer, antioxidant and other pharmacological actions which has been depicted in a table (see supplementary table no. S7). Fatty acid esters Fatty acid esters can be obtained by esterification of fatty acids. They are the product of combination of fatty acid with an alcohol.54 Fatty acids acts against microbes, as an analgesic and also as melanogenesis inhibitor. A list of fatty acid esters along with its structure and above mentioned biological activity with its references has been reported in a table(see supplementary table no. S8). Pthalic acid Phthalic acid is an aromatic dicarboxylic acid which is formed by catalytic oxidation of naphthalene directly to phthalic anhydride.55 The significant pharmacological properties of phthalic acid involves anti-androgenic, antimutagenic and anti-leukemic activity. Phthalic acid along with its structure and biological activity has been depicted in a table (see supplementary table no. S9). Fatty alcohol Fatty alcohols are the aliphatic alcohols which are naturally found as waxes produced by plants, bacteria and animals having various biological properties.56 The metabolism of fatty alcohol compounds in fibroblasts is impaired in several inherited humanperoxisomaldisorders, includingadrenoleukodystrophyandSjogren-Larsson syndrome.57 Fatty alcohol along with its structure and biological activity has been documented in a table (see supplementary table no. S10). Catalogue of Bioinformatics and Cheminformatics repositories The large amount of Chamomile phytochemical information is highly discrete and can be easily procurable by a number of web-accessible bioinformatics and cheminformatics databases like PubChem,58,59 Chemspider,60 Human Metabolome Database(HMDB),61 ChemBank,62 NAPRALERT,63 SuperNatural database,64 NPACT65 and many more. PubChem is an open repository for chemical structures and their biological activities, maintained by NCBI, a division of NLM under NIH. PubChem is becoming a valued reserve for drug development fascinating noteworthy interest from researchers in academe and diligence.66 PubChem includes substance information, compound structures, and BioActivity information from three principal databases, Pcsubstance, Pccompound, and PCBioAssay, respectively. Pcsubstance contains descriptions of small molecules, PcBioassay contains biological screening results of substances provided by depositors and Pccompound database contains the unique chemical structures. The aim of PubChem is to make this information easily available.67 Pcsubstance contains about 93 million records, Pccompound contains nearly 33 million unique structures and PCBioAssay contains more than 621,000 BioAssays.68 ChemSpider is a free chemical structure database providing rapid text search and structure search access to more than 28 million structures from hundreds of data sources.69 ChemSpider is a very valued web-based database that facilitates access to various chemical structures, nomenclature, chemical properties and other systematic information. ChemSpider is integrated with RSC (Royal Society of Chemistry).60 The Human Metabolome Database is an opulently annotated resource that is devoted to provide researchers with most recent and comprehensive coverage of human metabolome.70 The latest version of HMDB release is HMDB 3.0 that contains 40278 metabolite entries. The database is intended to contain three kinds of entries: chemical data, clinical data and molecular biology/biochemistry data.61 ChemBank is a public web-based database cheminformatics database established by Broad Institutes Chemical Biology Programand funded by National Cancer Institute’s (NCI) Initiative for Chemical Genetics (ICG). ChemBank, a unique among small molecule database houses all the chemical molecular information such as names and identifier of the compounds, their calculated molecular descriptors as well as human curated biological information.62 NAPRALERT (NAtural PRoduct ALERT), an largest ethnobotanical database on pharmacology, pharmacokinetics, toxicology and phytochemistry of plants. NAPRALERT, a relational database was initiated in 1975 by Norman Fransworth and is housed within the Program for Collaborative Research at College of Pharmacy, UIC. It includes biochemical information of extracts of organism, in vivo, in situ, in vitro in humans and clinical studies.63 SuperNatural database is the first public database containing 3D structures, their conformers, derivatives and analogues. It consists of ~ 50,000 natural compounds from different sources. Natural products compounds are classified based on different classes of compounds.64 NPACT is Naturally Occurring Plant-based Anti-cancer Compound-Activity-Target database. It presently comprises of 1574 compound entries with detailed information on the structure, and activity of compound. This database gathers experimentally validated plant derived natural compounds exhibiting anti-cancerous property, both in vitro and in vivo. It also provides inhibitory values of compounds (IC50, ED50, EC50, GI50), their molecular targets and drug-likeliness.65 Conclusion Chamomile is extensively in use in world market because of its wide and varied appliance in medical science. Moreover, natural substances are preferred more, rather than synthesized one due to its minimal side effects and easy extraction of its compounds. Chamomile is a natural source for plenty of bioactive substances that cure numerous diseases. Cheminformatics, an in silico approach is a way out for ample of problems in field of medicinal chemistry. This avenue can be used in drug discovery processes. In silico has gained a considerable thrust over last few years. Due to increased availability of computational power, in silico simulations have reward over in vitro methods. In silico methods are time and cost effective, tumbling lots of biological confirmations and offers the possibility of replacing some animal tests with suitable insilicomodels. QSAR and Pharmacophore studies can be carried out at primary level to increase the activity of the compounds which further leads to drug discovery processes.

Sunday 21 July 2019

Characteristics Of The Hospitality Industry

Characteristics Of The Hospitality Industry Explain the unique characteristics that separate service businesses from other business the deal with tangible product. Discuss what should a person prepares if he/she wants to become an hotelier. Question 1 The hotel industry is also known as the service sector. The reception and entertainment of guests, visitors, or strangers with liberality and good will. Hospitality industry is a board of category about the service industry also including event planning, theme park, restaurant, lodging and also tourism industry. A hospitality unit such as a restaurant, hotel, or even an amusement park consists of many groups such as facility maintenance, direct operations management, marketing, and human resources. Therefore, hospitality industry also includes accounting, tradesman ship, computer services, restaurants, and tourism.To be a successful manager in the hospitality industry, you must exhibit many skills and command much specialized knowledge all directed toward achieving the managerial objectives such as make the guest feel welcomed, make sureproductsor serviceswork for the guest and make sure the operation continues to provide service and make a profit. Besides that, the hotel industry is a multibillion-dollar industry, mainly depends on the availability of leisure time and disposal income. Therefore, that hospitality industry also include service sector. Answer Hospitality industry has many characteristics such as intangible, perishable, inseparable, simultaneous, variable, shift work, graveyard shift and guest satisfaction. Intangible servicecharacteristic in hospitality industry mean cannot see and touched but can felt. In addition, sales or service owned by the person, but it cannot be opened, from the service providers to service consumer. Example, a service only can be sold and owned by the person, but it cannot be opened, from the service providers service consumers. Sole proprietorship, provide services, can be entrusted to the service provider, you must generate and provide services in the different requirements of the authorized service consumers. Perishable service characteristic in hospitality industry mean wont last long and wont experience the same experience. When this service has been fully rendered to the requesting service consumer irreversibly disappear, because it has been consumed by service consumers. For example, service resource allocation processes and systems to provide services within a certain period. When the service has really given to users of the service request, this particular service irreversibly vanishes as it was used by the service users. Inseparable service means production, and from the customers experience. The indivisibility requirements, consumer service is to interact with its manufacturer to accept its benefits. Because someone must timely produce and the services provided by service providers is essential to provide services require service consumers. Performed automatically in many cases, but the service provider to provide the service must be prepared to allocate resources and systems, and active conditions and the ability to maintain appropriate services. Example, the service consumer must be sitting in the shops and hair stylist chair, or aircraft and seating, to the hairdresser or the pilot must in the same store or aircraft, respectively, to provide services. Simultaneous service means the service is some kind of horse, and at the same time consumption. As long as the service requirements of service consumers, especially the service must start from scratch generated without any delay and friction and services, consumers instant consumption rendered interests, for the implementation of his upcoming events or tasks.Example, waiter in the restaurant, or the cashier at the bank, is an integral part of the services provided. The client also participates in a certain degree of service, and the service may affect the results. People can be part of the service itself; this could be a service marketing advantage. Variable service is a service which means disposable generating, rendering, and consumption can never be accurately repeated time points, locations, and the case, under the conditions of the current configuration information and alocation of resources is different from the coming up delivery, even is the same kind of service to the same service consumers request. Example, Taxi service from his home to the opera, the consumers of transport services is different taxi service, transportation service consumers from opera to his home another point in time, the other direction, might be another route, may be another taxi drivers cab. Shift work in hospitality industry means an employment practice, use of, or the provision of services across, all 24 hours of the clock each day of the week. Shift work is the way hours of work are organized for an organization to operate outside regular hours. Different types of shifts includeshifts that rotate or change, shifts that are split apart by several hours, permanent shifts (day or night) and also changing shift lengths (8, 10 or 12 hours). There is few effect of shift work, for example, shift work can course such as digestive problems, including ulcers, stomach and intestinal problems reduce appetite, diabetes, epilepsy, asthma and depression. People need to sleep. Shift work can affect how much sleep and sleep, the kind you get. Sleep during the day and sleep at night is not deep or refresh. Shift workers time to sleep when the bodys natural activities gear. When you do not sleep, you might always feel tired. Especially the night shift, night shift or third shift (3 shifts) means to change their work throughout the early morning, morning, and transfer to midnight to 08:00 or 23:00 to 07:00. Example, employee will make day shift and night shift in hotel when the time is alternative. Guest satisfaction in hospitality industry means that the guest was satisfy with the service of the employee. Guest satisfaction depends on hotel service because guests have rising expectation for hotel, but their overall satisfaction with service. Guest can be satisfied hotel rates hotel service.Example, guest feel satisfy with the service and what they expect to hotel. Conclusion At the end, as an employee must have a good service to any customer. Guests satisfywith the service and will be happy with the good service.The hotel industry will contributes employment and economic growth of the country. The government is very lenient regulatory and licensing of hotel, because the increase in the average daily rate of foreign tourists. Question 2 The hoteliers mean a people who supervise or manage the hotel. He or she may be established owner, operating a hotel, the Chief Executive of the hotels location, or chain, or in the hotels general manager, the Chairman of the Board. Hoteliers responsibility will vary according to how the word is applied. Who owns a hotel will be responsible for the care of all matters of common ownership of real estate, as well as the implementation of the ultimate liability for any and all taxes and appropriate compliance-run hotel building codes and local laws. The title hotelier Chief Executive will supervise the publicity and general business operations, and facilities responsible for the profitability of the owners or owners. Hotelier who is the Chairman of the Board will provide the current status of the communication line, investors and the owners of the hotel, and the hotel manager will provide oversight of a variety of functions, affect the day-to-day operation of the hotel.As a hotelier has responsible to handle each problems such as public relations, guest service, maintenance of facilities, reservation procedures, build relationship with customer and marketing. No matter what department you work in the hotel we also call hotelier. Depending on how the term is applied, the responsibilities of a hotelier of department is difference. A success hotelier must have good relationship with guest especially regular customer. Answer To be a successful hotelier in the hospitality industry you should be discipline, manners, good services, more experience, responsible and so on. As a hotelier has responsible to handle problems such as public relations, guest service, maintenance of facilities, reservation procedures, build relationship with customer and marketing. Hotel operators managing the property and, in some cases, they can also be the owner of the hotel. Hotel managers supervise other hotel, and they work long hours during peak travel and when events are scheduled at the hotel. They are often called upon to handle emergency situations and disputes. For good performance, hoteliers should have the skills required for the position.Therefore, as a good hotelier must be very discipline during working time. Besides that, to be a good hotelier also need to be responsible. It will show that you are good employee and good staff. First of all you must make the guests feel welcome and also be friendly because it is manner. You must be discipline and good service in front of the guests. To be a good hotelier you should know what their guests want and are willing to go that extra mile to put them at ease. Secondly, to be a good hotelier you should be hard working. Willing to work hard is always a plus point for a people who want to be successful hotel management line.Therefore, it is the opportunity to build a good relationship with the guest and enhance the reputation of hotel. HOW TO BECOME A GOOD HOTELIER The hotelier is a good diplomat, patience, tolerance, generosity and good intentions. A good hotel operator must have self-discipline staff, quick workers, and quick thinkers and always to help client and manager at all times. Diplomat Diplomat mean is a person who appointed by the national diplomacy with other countries or international organizations. Representation and protection of the people are the main functions of diplomats around the state and sent, as well as the promotion of information and friendly relations.As a diplomat can easily build an own relationship with the customer and day by day they will become a general customer of hotel. Patience Patience in hospitality industry means whatever the guest scold you, you cannot scold them back.Resistance state in difficult circumstances, this may mean that persist in the face of delay or provocation, no worries, anger, a negative exhibit patience when under pressure, particularly when faced with a long-term problem. Tolerance Toleration in hospitality industry means a person who tolerates something or somebody unpleasant. Toleration is meaning the practice deliberately allowing or permitting the things one does not agree. Many people are sometimes dont know how to behave themselves and also dont know show some respect to other people; so thats why we have to be tolerate and patience. To be a hotelier everyday will face difference temper of guests, so as a hotelier should be tolerate and not to argue with them. Also, as a hotelier should give what they need to make them feel satisfy. Guests always are the right whatever happens so as a hotelier should be toleration and also patience. Liberality When employee facing any high demand guests, we should need to be liberality and keep smile to serve our customer until they satisfy with the service. Any guest that is high demand, we shouldnt complain it because it will affect the whole hotel and will give a bad image and impression to the hotel. As a good hotelier must be professional during working time. Good Will Good will means willing to help each other when facing problem. Good will is one of the important things to any hotelier because it always reminds us to be helpful to our guests and also help them to solve problem. Front office staff is the first employee to serve the customer. So that why good will is very important to any front office staff. Conclusion It is not easy to become a hotelier, but it is not so difficult. It depends on how to treat customers, if you use your heart to your guests, they will feel. Most of the students have chosen the hotel management, because working in the service sector is very interesting and funny. Enterprise management is very useful for our future operations, but it is very boring, which is why I chose the hotel management. Another reason to select the hotel management, we can see so many different customers and increase our knowledge. When you have experience in the service industry, and then set the target a certain extent, the growing knowledge does not always stay in the same place, become one industry professionals. Peter Drucker pointed out that, today, the centre of our social productive forces, knowledge workers. In other words, knowledge is the key to success, do not know is equal. Unfortunately, remain forever in the failure. Thus, learning as an important part of our comprehensive preparat ory work supervisor or manager career.

Saturday 20 July 2019

Their Eyes Were Watching God Essay -- essays research papers

Love and Marriage   Ã‚  Ã‚  Ã‚  Ã‚  Their Eyes Were Watching God by Zora Neale Hurston is a novel about a Southern black woman and her experiences through life. Janie, the main character, is forced at a young age by her grandmother, into an arranged marriage with a man named Logan. Janie is told to learn to love Logan, but the love never comes for Logan in Janie's heart so she leaves him. She meets a man named Joe. Soon after they are married. Joe was sweet at first, then his true feelings about women come out and Janie looses her love she thought she had for him. He soon dies after their separation. Janie then falls in love with a man named Tea Cake. He is the man with whom she has a wonderful, loving, happy marriage. Janie, through youth and lack of empowerment, is mislead to believe other people's definitions of love and marriage until she is strong enough to find a relationship on her own which satisfies her personal definitions of love and marriage.   Ã‚  Ã‚  Ã‚  Ã‚  Nanny, Janie's grandmother, leads her to believe that love comes after marriage though love is secondary to the security marriage provides. Nanny feels marriage was simply for security and to start a family. 'Taint Logan Killicks Ah wants you to have baby, it's protection.';(pg. 14). Nanny says this to Janie before her arranged marriage to Logan. Nanny wants Janie to be financially set with her life before she dies and leaves Janie to fend for herself. Nanny wants her to start a f...

Friday 19 July 2019

Garbage, Recycling, and Waste Management Essay -- essays research pape

Garbage, Recycling, and Waste Management There are already ways of getting rid of garbage so people won’t have to see it or smell it. For example there is incineration, in which trash that can’t be recycled is burned. Although this meets the requirements mentioned above it has a downside. The burning itself causes waste and eventually it will have a bad effect on the environment. Recycling is a good process that reuses materials so they won’t be wasted and cause waste. But many products are not recyclable, like plastics.   Ã‚  Ã‚  Ã‚  Ã‚  There are a number of ways to solve the dilemma of collection and transportation of municipal solid waste. An underground system of conveyor belts to the dump is a possibility. It would cost a lot of money to build, but then only additional costs would be keeping the conveyor belt running. Each house could be connected to one long conveyor belt dug under the road. Every time people needed to take their garbage out they could bring it through their basement through a path onto the conveyor belt.   Ã‚  Ã‚  Ã‚  Ã‚  The goal of trash compactors and sink-garbage disposals is to reduce garbage. In the end, I think it is apparent that this garbage is still there, whether or not it is compacted into a smaller space. These two methods of disposal do not rid the person of the act of actually removing the garbage, and it eventually gets into everyday life instead of being taken away. If it were up to me, instead of just co...

Has Feminism Benefited the American Society? :: Gender Roles, Womens Right

Feminism has transferred an impact on the American society. Some of the benefits include restructured views on careers, schooling, and privileges women obtain. The women’s movement was the main triumphant movement of the 1960s and 1970s (Epstein 125). However, without the victory of the movement nothing would be the same as it is these days. In conclusion, women vision themselves differently now then what they did thirty years ago (Epstein 125). For instance, women pursue infinite amounts of career options that they would have been deprived of in the past. For example, in 2008, Governor Sarah Palin was running as Senator John McCain’s vice presidential candidate (Baxter Paragraph 1). Because of the women’s movement, women like Sarah Palin strive to make the most of it. Possibly someday, in the future, the president could be a female. Women make up four-teen percent of the active duty military force (Velasquez 7).Without that four-teen percent the armed forces could be outnumbered. Women worked their way up to being able to shield their county in a benefitting way. On the other hand, there are more women applying for positions in medical schools all across the country (Chambers Paragraph 1). Any career can be possessed by women these days. In other words, the movement allowed men and women the option to follow their career preferences. Without the women’s movement, women would have been deprived of a prosperous future in a fascinating profession of their choosing. Additionally, over the years women have progressed in their educational studies. For instance, women currently make up fifty-seven percent of all college students (Marklein Paragraph 2). This proves that women are competent of succeeding and accomplishing more than men. As a result, women have gained the freedom to be able to strive for a degree and be able to be independent. Almost one in four women earns a bachelor’s degree compared to one in seven men (Hechinger Paragraph 2). Women have traveled along way from not even being able to attempt working for an education. Without working women America would have a hard time advancing and keeping up with work demands. Besides, women compromise forty-six percent of the total United States labor force (Perkins 1).This is a testament that women are no longer being discriminated against in any aspect of life.

Thursday 18 July 2019

Charter Accounting Essay

Mr John Potts is a chartered accountant who owns his own firm. Potts works in all fields associated with business and finance in the private sector. He also employs workers to work in his firm assisting him in all aspects of his work. His office is just a five minute drive from his house which is an advantage as he can go to and from his house when necessary. He usually works from 9am to 7pm however, these hours are flexible. Mr Potts has a choice of working at his office or working at home. The activities he does include maintaining accounting records and preparing accounts and management information for small businesses (accountancy); advising clients on business transactions, such as mergers and acquisitions (corporate finance); advising clients who are in financial difficulty to help them turn the business around or to handle the disposal of the business (corporate recovery/insolvency); detecting and preventing fraud (forensic accounting) and much other activities. In order for Mr Potts to be able to complete his tasks, he uses some technologies which assist him with his work life, social life and personal life. Technology 1 – CCTV Closed Circuit Television (CCTV) is the use of video cameras to transmit signals to a certain place so an area is fully monitored for safety of others and crime. The most measurable effect of CCTV is not on crime prevention, but on detection and prosecution. Several notable murder cases have been solved with the use of CCTV evidence, making the environment a safer place for the public. CCTV – Work Related Use John Potts has many CCTV cameras around his workplace. The signal is sent to many monitors in his office and his study at home. This is so he can monitor outside activities and keep an eye out for any crimes that may occur. When Potts is not able to attend his office, he is still able to access the images from his study at home. Using the images, he can contact his security guards to check a specific area in his building. The advantages of having installed cctv cameras is that he can see what is going on around his building, therefore he does not have to be everywhere at all times. Another advantage is that he can access the images from home when he is unable to go to his office. This technology also has some disadvantages. One of these is that he will occasionally get worried of any crimes near his building which forces him to constantly check his monitors. This may be interfering with his social life as he would be too worried about his workplace. Another advantage is that the signals may not be received all the time due to incomplete installation of the cameras. This technology has improved the working style of Mr Potts as he is able to keep an eye out for any unusual events taking part around his building. Technology 2 – Personal Digital Assistant (HP iPAQ 200 Enterprise Handheld) The HP iPAQ 200 Enterprise Handheld (PDA) has many features which aids many businessmen. First of all, the PDA has a 4 inch touch screen display and has a stylish design making it a great deployment platform for enterprise applications. Secondly, using the integrated 802.11b/g wireless networking, Mr Potts is able to connect to the Internet and access his email. He is also able to connect Bluetooth peripheral such as headsets or keyboards. He is also able to use applications like Word, PowerPoint and Excel Word, PowerPoint and Excel on his PDA using Microsoft Office Mobile. Also, Mr Potts is able to store his business-critical information with high-capacity SDIO and Compact Flash. The advantages of this device are that it’s very ideal for businessmen as it is like five devices in one. Having many uses, the PDA benefits mostly businessmen who need access to the computer while on the move. A disadvantage of this device is that it is an ideal item that is of interest to many muggers in the world today putting you in danger due to being in possession of this device. Personal Digital Assistant – Personal Use Mr Potts is always on the move, around the city and very often he travels abroad for job purposes. When he is waiting for his flight, he does not need to carry his laptop with him all the time as his HP iPAQ 200 Enterprise Handheld (PDA) is an equivalent to his laptop. He is able to connect to the internet using Wifi which allows him to browse the internet to entertain herself by listening to music and watching videos. The advantages of this device are that it is more ideal as it is much smaller. He is still able to access his emails and many documents without the need of carrying a laptop. A disadvantage of this device is that he will need to extend his memory capacity constantly as he uploads a lot of information to his device which helps him with his job. Another disadvantage of this device is that he has to be very careful as the device is very fragile; the screen can be cracked. Also he is in danger of having his personal information known if he is not careful with his device. Personal Digital Assistant – Social Use Due to the wireless technology, Mr Potts can connect to the internet and use his email address to sign into Windows Live Messenger and chat to his friends. His device works exactly like a computer as he often sends, to his family, many photographs of famous landmarks that he took while he was abroad. Other than this, Mr Potts uses his PDA mostly for work related activities. Personal Digital Assistant – Work Related Use When it comes to Mr Potts’s job related activities, his PDA is the ideal device. While he is away abroad, his personal secretary sends him copies of documents by email. He later retrieves these documents from his PDA. He very often makes many spreadsheets on his laptop. This is also possible to do on his PDA which he does. His PDA can also create word documents which is very beneficial to him as he doesn’t need to go to his computer at all times or carry a laptop when he can carry a palm sized device which enables him to do everything that he can do on his laptop. But unfortunately, Mr Potts is required to expand his memory as the capacity may not be enough after having many documents on his PDA. When Mr Potts has access to his computer, he usually sends documents that he believes that he will need later to herself by email. He has sent almost all important files to herself by email. This is done so he can access and download them onto his PDA when he is away from home or access to a computer. Mr Potts’s PDA consists of important details of his clients, individual clients and business clients, such as phone numbers, addresses etc. If he did not have this device however, he would have had to carry a small notepad, writing in the details every time. This wastes paper and time as he has to search for a client’s details. This device is ideal to store information like this on it as he can quickly find someone’s details by entering a few letters of their name. The PDA will then narrow down the search until Mr Potts can view the details. A disadvantage of having a PDA in possession is that he has to take it almost everywhere with him as it contains relevant information. He has to be very careful with his valuable device as it may contain confidential information which can be accessed by anyone if he loses or misplaces his device. Technology 3 – Mobile Phone (Nokia N95) Another device used by Mr Potts is his mobile phone, Nokia N95. The Nokia N95 is a smart phone with many unbelievable features. First of all, the multimedia abilities. The N95 has an outstanding music player that supports MP3, WMA, RealAudio, SP-MIDI, AAC+, eAAC+, MIDI, AMR, M4A and True Tones. Next is the Internet. The N95 has built in Wi-fi which can be used to gain access to the internet. The web browser displays the webpage in full whereas other phones display simplified versions of the webpage. Another feature of this smart phone is the integrated GPS. Below the 0 key on the N95’s keypad is an integrated GPS receiver. The phone is shipped with navigation software and maps are free to download over the internet. Mobile Phone – Personal Use Mr Potts is really into his music. He listens to his mp3 tracks via the music player on his Nokia N95 which supports the formats mentioned above. He also uses his phone to entertain herself by watching many videos at DVD like quality on the 2.6 inch screen. Another feature on this phone widely used by Mr Potts is the 5 mega pixel camera located at the back of the device. With this, he is able to capture great pictures at amazing quality. An advantage of this is that when he is away and needs to take photos, he does not need to take another device, a camera; instead he can take his phone which enables him to take many pictures at an equivalent quality of his own camera. The smart phone also has a Flash Player. With this software in the phone, Mr Potts is able to put many games onto his phone which will keep him busy entertaining herself for a long time. Mobile Phone – Social Use As he is often out and about he is not seen at home for many hours. While he is on his lunch break, Mr Potts uses his time to make quick phone calls home to chat to his wife and his son. An advantage of this device is that when Mr Potts has not got his laptop or PDA, he is still able to talk to his friends over Windows Live Messenger by connecting to the mobile internet. Another advantage is that he saves a lot of coins as with his phone, he has many free minutes which allows him to make many calls whereas if he was not in possession of a mobile phone, he would have had to carry coins around with him to use a payphone. A disadvantage of this device however is that this can increase his phone bill. Mobile Phone – Work Related Use Mr Potts is a very busy man, always working. He needs to make many phone calls, which is part of his day to day life, spending many hours on the phone to his clients. Without his N95 it is almost impossible for Mr Potts to go to work as he receives many phone calls often concerning his job. If he is ever in a situation where he has forgotten his laptop or PDA and cannot access his email account to download files, he is still able to do so with his phone by connecting to the mobile internet. He can also make quick notes on his phone which remind him what he needs to do and when he needs to complete specific tasks by if he has forgotten to take his PDA with him. Technology 4 – Microsoft Office Excel 2007 Microsoft Office Excel 2007 is an influential software used to produce and format spreadsheets and to analyze and distribute information to make more informed decisions. This new software has many features which include ? Chart Formatting tools which help create and format professional-looking charts with greater ease using fewer clicks. ? Support for PDF and XML Paper Specification (XPS) file formats helps convert spreadsheets into a fixed file format for easier sharing. ? Report management features help protect confidential business information while ensuring people can view the data they need. ? Chart Formatting tools help you create and format professional-looking charts with greater ease using fewer clicks. Microsoft Office Excel 2007 – Personal Use Mr Potts records his day to day spending on a spreadsheet using Microsoft Office Excel 2007 to calculate a budget for his family to spend so he can cut down costs for unnecessary things. He first records the amount spent for a couple of months. He then calculates and produces a budget and attempts to stick to that budget for a couple of months. He then records this and then compares both spreadsheets and sees where the unnecessary spending has occurred. Microsoft Office Excel 2007 – Social Use During his breakfast, Mr Potts spends his time doing many crossword puzzles and also does these puzzles in his spare time. He expands his interest by making his own crossword puzzles on Excel. He then sends them to his friends making them spend their spare time completing the puzzles and requesting them to send back reviews via email so he can improve his work. Also, Mr Davison buys and sells many shares on the stock market and keeps tracks with his data by recording his information onto a spreadsheet. Mr Potts has an interest in gaming and creates many games using excel. Along with the crossword puzzles, he sends it off to his friends and again receives many reviews which suggest ideas which may lead to him improving the games and enhancing gaming experience. As mentioned previously, Mr Potts sends documents to herself to his email so he can access them later. These documents also include the crossword puzzles and games. He plays them on his laptop while on his lunch break. Whenever he does not have access to his laptop, he plays the game with his friends on his PDA. The game opens up as a spreadsheet file which is supported by his HP iPAQ 200 Enterprise Handheld as it has Microsoft Office Mobile. Microsoft Office Excel 2007 – Work Related Use Mr Potts produces spreadsheets for many of his clients (individuals and businesses) advising them on tax planning within current legislation to enable them to minimise their tax liability and he also calculates clients’ tax liabilities. Some of the activities that Mr Potts performs that may use Microsoft Office Excel 2007 are ? Producing reports and recommendations following internal audits or public sector ‘value for money’ audits. # ? Preparing financial statements, including monthly and annual accounts. ? Preparing financial management reports, including financial planning and forecasting. ? Advising on tax and treasury issues and many other tasks. To perform activities using Microsoft Office Excel 2007, Mr Potts needs access to his computer. He produces these files on his computer at home or at his office. Mr Potts produces spreadsheets with the company of his client to provide him with any certain information. This is done by inviting his client to his office and working at his computer or he meets up with his client at their house and works on his laptop. As mentioned before, Mr Potts sends important files to herself by email so he can access them later. When he is free, he often spends time finishing off his spreadsheets. Occasionally, as he is on the move he does not take his laptop, however he is still able to complete his tasks by connecting to the internet by the integrated wireless technology on his HP iPAQ 200 Enterprise Handheld and accessing the files from his email account and downloading them onto his PDA. He is able to complete this spreadsheet as his PDA has the Excel application provided by Microsoft Office Mobile. In conclusion, I suppose that without the help from the above technologies and other technologies, Mr John Potts will find it very difficult to complete his day to day life. As mentioned previously, he is not able to perform many tasks without the aid of the above technologies. For example, without the help of his PDA Mr Potts cannot easily access his client’s personal details. Also, without his computer/laptop he is not able to complete any other tasks. Due to the aid provided by these technologies, Mr Potts has been able to develop his personal, social, and work life.