Functional Areas of Business

Depending on the size of organization, functional areas may be directed by specific departments with upper management, mid-level and front line managers. In comparison, a small business is often managed by one leader only, who's responsibilities overlap. Management The management role includes more than simply being in charge of employees. Instead, this position coordinates and oversees the work of others, ensures organization goals are accomplished, and ensures the business success.Furthermore, managers monitor the efficiency and effective use of employees because workers are the most important resource f an organization (Stephen & Robbins, 2010). Managers also oversee and control functions that are not obvious, but play a crucial role in the company's success. Law is the legal aspect of business that effect business and small firms. Managers use business law to ensure operations are legally sound, noncompliance with all state, federal and international requirements, and regulations to help solve problems.Human resources or short HER address concepts of personal development throughout employee's lifestyle. During the hiring and training process human resources have a high importance. For proper compensation and if disciplinary actions are taken (Stephen & Robbins, 2010). A large role for managers plays the aspect of leadership which covers different ways to influence employees to achieve organization goal, inspire and motivate, handle conflicts, as well as power struggle and organizational change.Accounting maintains and audits financial aspects of a business that is separated into financial and managerial accounting. Financial accounting studies the creation of financial statement, for example, income statements and balance sheets. Managerial accounting looks at statements and helps make decisions, including budgeting for upcoming projects and control cost within the firm (Stephen & Robbins, 2010). Finance addresses the process of setting up and maintaining t he fiscal success of the firm including revenue. Finance is useful for managers in many ways, especially when needing fund for new business venture.The study of production, distribution and consumption of goods and services within countries and individual firms are a part of economics. It is used to maximize profits and to Andre market conditions, for example, recessions (Stephen & Robbins, 2010). Leaders collect data and use methods as well as static to interpret them to find out important information about their business as part of research and statistics. This fiction will help make decisions on what business practices to continue to use and which ones to modify in the future. Operations management is devoted to increasing the value of the firms supply chain.This function is used to ensure that the process f getting goods and service is smooth and error free (Stephen & Robbins, 2010). Marketing interests the end consumer in a product or service and to keep this client happy. Such technique is used to determine which product or service to offer, the type of advertising and creation of a good image of their brand. Strategic planning is applied to ensure origination's goals are met. Marketing helps bring all aspects of the firm together and ensures the company's success (Stephen & Robbins, 2010).The Journal of Enterprising Communities: People and Places in the Global Economy addresses why small business, with between five to went employees, Often fail to grow. Most times, the difficulty directly relates to the little or no knowledge of growth requirement and organizations barriers. A SOOT analysis, which included strength, weaknesses, opportunities, and threats, allows leaders to develop a company goal as well as an action plan on how to reach it. According to Perks, â€Å"Small businesses that grow during their flirts four years of establishment more than double their chance of survival (Perks, p. 21, 2010). Omnipotent view of management states that managers are directly responsible for the organization's success as well as failure. Actions and decisions of leaders are directly related to an organization's success. Well performing leaders adjust and maximize chances, improve bad performances, as well as manage the company. Therefore, managers are compensated for the business' success with stock options, incentives, ores. On the other side, upper management is believed to be responsible when profits are down and then fired or replaced by new managers (Stephen & Robbins, 2010).Symbolic view of management describes the failure and success of companies impacted by external influences that are outside of leader's ability to control. This view is arguing that managers have little control over external factors for example customers, economy, competitors, decisions of previous leaders and others. Managers have only symbolized influence and control by creating action plans, and limited influence of failure and success according to this view. Co nclusion Whether in a small or large company, managers oversee a wide range of functions to ensure the success and high performance of all areas. Functional Areas of Business Depending on the size of organization, functional areas may be directed by specific departments with upper management, mid-level and front line managers. In comparison, a small business is often managed by one leader only, who's responsibilities overlap. Management The management role includes more than simply being in charge of employees. Instead, this position coordinates and oversees the work of others, ensures organization goals are accomplished, and ensures the business success.Furthermore, managers monitor the efficiency and effective use of employees because workers are the most important resource f an organization (Stephen & Robbins, 2010). Managers also oversee and control functions that are not obvious, but play a crucial role in the company's success. Law is the legal aspect of business that effect business and small firms. Managers use business law to ensure operations are legally sound, noncompliance with all state, federal and international requirements, and regulations to help solve problems.Human resources or short HER address concepts of personal development throughout employee's lifestyle. During the hiring and training process human resources have a high importance. For proper compensation and if disciplinary actions are taken (Stephen & Robbins, 2010). A large role for managers plays the aspect of leadership which covers different ways to influence employees to achieve organization goal, inspire and motivate, handle conflicts, as well as power struggle and organizational change.Accounting maintains and audits financial aspects of a business that is separated into financial and managerial accounting. Financial accounting studies the creation of financial statement, for example, income statements and balance sheets. Managerial accounting looks at statements and helps make decisions, including budgeting for upcoming projects and control cost within the firm (Stephen & Robbins, 2010). Finance addresses the process of setting up and maintaining t he fiscal success of the firm including revenue. Finance is useful for managers in many ways, especially when needing fund for new business venture.The study of production, distribution and consumption of goods and services within countries and individual firms are a part of economics. It is used to maximize profits and to Andre market conditions, for example, recessions (Stephen & Robbins, 2010). Leaders collect data and use methods as well as static to interpret them to find out important information about their business as part of research and statistics. This fiction will help make decisions on what business practices to continue to use and which ones to modify in the future. Operations management is devoted to increasing the value of the firms supply chain.This function is used to ensure that the process f getting goods and service is smooth and error free (Stephen & Robbins, 2010). Marketing interests the end consumer in a product or service and to keep this client happy. Such technique is used to determine which product or service to offer, the type of advertising and creation of a good image of their brand. Strategic planning is applied to ensure origination's goals are met. Marketing helps bring all aspects of the firm together and ensures the company's success (Stephen & Robbins, 2010).The Journal of Enterprising Communities: People and Places in the Global Economy addresses why small business, with between five to went employees, Often fail to grow. Most times, the difficulty directly relates to the little or no knowledge of growth requirement and organizations barriers. A SOOT analysis, which included strength, weaknesses, opportunities, and threats, allows leaders to develop a company goal as well as an action plan on how to reach it. According to Perks, â€Å"Small businesses that grow during their flirts four years of establishment more than double their chance of survival (Perks, p. 21, 2010). Omnipotent view of management states that managers are directly responsible for the organization's success as well as failure. Actions and decisions of leaders are directly related to an organization's success. Well performing leaders adjust and maximize chances, improve bad performances, as well as manage the company. Therefore, managers are compensated for the business' success with stock options, incentives, ores. On the other side, upper management is believed to be responsible when profits are down and then fired or replaced by new managers (Stephen & Robbins, 2010).Symbolic view of management describes the failure and success of companies impacted by external influences that are outside of leader's ability to control. This view is arguing that managers have little control over external factors for example customers, economy, competitors, decisions of previous leaders and others. Managers have only symbolized influence and control by creating action plans, and limited influence of failure and success according to this view. Co nclusion Whether in a small or large company, managers oversee a wide range of functions to ensure the success and high performance of all areas.

Cultural Meaning Essay

The meaning humans give to actions, concepts and behaviours is dependent on the cultural milieu and is conditioned to a great extent by the underlying meaning systems, values and frames of meaning he/she inherites from the society in general. Socialization plays a direct role in that process. Education, effects of peers and the intellectual atmosphere all contribute to what is called cultural meaning or systems of meaning. Cultural meaning conditions our perception and determines the way we process external perceptions. In this sense, what Gregory Bateson calls â€Å"an ecology of mind† is at work here. The mind acts in an ecology of preceding concepts, comments and semantic networks operating in a particular field and in society as well. Through these networks meaning is produced within a particular person, system, or culture. This meaning then frames and motivates the actions of individuals and groups. â€Å"Events are not just there and happen, but they have a meaning and happen because of that meaning,† wrote Clifford Geertz. Meaning is also historically formed. For example; body image varies across cultures and is shaped by the specific meaning given to it by a culture. There is a time dimension involved in this same process, too. Western societies tend to value slim and fit bodies in terms of representation in popular culture. Whereas, body images of other cultures are very different in most cases. Some Pacific island people prefer fatness both as a sign of wealth and of esthetic superiority. But with the advent of globalization and the expansion of western cultural codes through TV and other media, these same people have come to question their body images. Western culture’s meaning system expanded its sphere of influence in that case. In fact, a mild fatness was accepted as a desirable physical trait in western history, too. Much of what is classified under popular culture is subject to meaning systems and the accompanying perceptions about them. A society’s selective perceptions and evaluations favor a certain behavior, a mode of thought and even such ephemeral things as fashion fads. Famous anthropologist Clifford Geertz suggests that an analysis of culture must also cope with the category of meaning. â€Å"The culture concept to which I adhere . denotes an historically transmitted pattern of meanings embodied in symbols, a system of inherited concepts expressed in symbolic forms by means of which men communicate, perpetuate, and develop their knowledge about and attitudes toward life. † As is understod from this definition, meaning is an inseparable component of culture and it directly shapes our perceptions and understanding. Alternative meaning systems combine to give a culture its core values. As a cultural phenomenon, gift giving may be evaluated from that pespective looking at different cultures and their subjective meaning systems attributed to this practice. As can be deduced from David R. Counts’ article , some cultures see the act of gift giving in a radically different way. Reciprocity brings about a gift giving approach that is essentially different from ours. The people of New Guinea think gift giving must include a symmetry in that you also have to respond to the act of gift giving by giving something in return for the one you received. It is a kind of implied bargain, or shopping through barter more to say. In the lack of formal rules and practices of trade, the natives created their own concept of reciprocal gift giving as a means of doing trade. From a western point of view, the meanings ascribed to gift giving are very different, though. But New Guineans have refined this form of gift giving through centuries and created this particular meaning system. Western culture sees gift giving as away from commercial thoughts. Though reciprocity is emphasized again, the hints of mutual give-and-take are shunned carefully lest monetary concerns come between. Western culture’s refusal of this kind of gift giving and its derisory look at the issue are witnessed through some sayings and idioms. The term â€Å"Indian giver† is one such example. A network of meanings developed through centuries of experience emerges as cultural meaning. It becomes a culture’s core over time and forms the basis also of other attitudes. Western culture makes one think there are indeed too many bananas, whereas in New Guinea there can not be too many bananas at all. Another cultural phenomenon seen through the different lenses of various cultures is leadership. Leadership is also loaded with cultural meanings and values. In general, eastern cultures are said to put much emphasis on social harmony and collective action. Respect to elders, family ties are given importance in these cultures. Leaders in these cultures are expected to be humble, caring and considerate thinking about the well-being of their followers. In this sense, they are seen as somewhat paternalistic figures. They are required to show mercy and understanding towards inferiors, to care for the problems of those they lead. Whereas, in western culture a competitive society is preferred and leaders are thought to be assertive, highly competitive and efficient decision makers. Humane considerations do not seem to play great role in this scheme. Efficiency and beneficial results matter more than paternalistic protection of subordinates. So, one who is accepted in the West as a good leader may be perceived as a ruthless go-getter obsessed with his egotistic views in the East. Cultural meaning acquired through immediate experience and classified into an unwritten code of ethics, appears as the determinant of perceptions about power and leadership. In contrast, a western look may detect an apathetic, lethargic society in the East viewing the style of leadership there as suffocating innovation and development. These two seemingly irreconcilable views about the same concept result from the respective meaning systems of the two cultures. Leaving aside the theoretical concerns over the validity of the broad-based concept culture, it is possible to derive conclusions after comparing differences between meaning systems of societies. Culture as a web of meaning systems is observed best in such comparisons. I would like to quote here a passage from Clifford Geertz who is among those attributing great singificance to culture as a system of meanings. † The concept of culture I espouse . . . is essentially a semiotic one. Believing, with Max Weber, that man is an animal suspended in webs of significance he himself has spun, I take culture to be those webs, and the analysis of it to be therefore not an experiential science in search of law but an interpretive one in search of meaning. . . . Meaning, that elusive and ill-defined pseudoentity we were once more than content to leave philosophers and literary critics to fumble with, has now come back into the heart of our discipline. † New Guineans asserted their view on gift giving and that’s what struck westerners most as strange. In the other case of Fiji girls experiencing problems with their body image, western culture’s meaning system can be said to intrude upon the culture-and hence meaning system- of Fiji through the images brought by mass media. Culture is an ambient, all encompassing structure composed of interrelated and interdependent meaning systems. There are both implied and overt systems of meaning in a culture and they can be grasped through socialization. As I tried to show with respect to the phenomena of gift giving and leadership, specific meaning systems forming a culture condition our perceptions and how we evaluate certain phenomena. If I am not mistaken, Italian writer Umberto Eco penned a short story protagonist of which is a â€Å"savage† from a distant land who visits a â€Å"developed and civilized† country to observe the mores, customs and habits of the people living there. Of course the apparent irony points to the reversal of the usual relationship between â€Å"savages and the civilized†; it has always been the civilized who observed and analyzed savages but that time roles were exchanged. The savage travels across the lands of the civilized people and, as can be expected in this case, gets surprised much. For the first time, the usually observed, passive one turns a critical gaze toward the usually active observer. It is such a striking idea that the story caught me surprised. I think the irony here explains once again the essence of culture as a web of meanings. The savage walks through streets of cities, analyzes people and their unintelligibly strange habits, behaviors and customs. He is faced with a maze of meanings totally out of reach of his understanding because he is the product of another set of meanings. He has difficulty with interpreting certain behaviors; some of them look funny and others as grotesquely irrational. I think Eco’s wonderful story has many implications for understanding culture and cultural phenomena. When faced with a different culture, all of us become as helpless and stricken as the savage. Devoid of cultural cues to interpret the events taking place around us, we try in these circumstances to find a usual meaning that enables us to grasp the world anew and have a sense of familiarity. We all live out our pesonal narratives in this search for meaning in a maze of seemingly opaque networks of meaning.

Major Developments and Issues of China Telecommunication Term Paper

Major Developments and Issues of China Telecommunication - Term Paper Example The government upon the significance and volume of  the subscribers named separate service based and region based services to reach the end customer. The strong state holds organizations were built into a strong business network  competitive with private players. The fierce competition between the companies has opened up new challenges and avenues which are to be explored to sustain in the industry. The foreign mobile companies with more technology and business strategies provided new challenges for the state-owned companies to withstand in the industry. "No money to be made in a market with more than 1.3 billion people and a 7-8% average GDP growth rate? Doesn't that sound oxymoronic? Even with regulated competition in the Chinese telecom market, there are abundant business opportunities,". China is the largest populated country providing unlimited opportunities in major sectors  like telecom, Aviation, IT and software solutions. China telecommunications has been separated fro m affiliation from Ministry of post and telecommunications in 1994. China  Telecom was the only player used to take care of various other applications for entire china. Foreign players are not allowed to venture into China as a part of the constitutional  regulations existing at that point of time. MPT with its arm China telecom has made very bad progress throughout its operations due to factors like The increase of private players absorbing the market of the state-owned  organizations;  Ã‚  Loosing consumers confidence on the services; Political pressures and their ill effects; The monopoly and the negative consumer perceptions  forced the Chinese government to look for a change that can decentralize and elevate the performance of the telecom  industry. China has established one more organization called China Unicom. China Unicom a new player to start on its own performance failed to impress. The China telecom has shown its influence same as before as it was an arm of M PT (ministry of posts and telecom). China Unicom has been open to involvement by foreign parties. China telecom a serious contender used to confine itself to the native associations. China telecom used to play against China Unicom wherein telecom used to benefit from the deals. China Unicom has been met with resistance by China Telecom, which restricted interconnection with the national trunk network and, where access is granted, on terms that favored China Telecom at the expense of China Unicom and its foreign investors. By controlling the network in a healthy manner, the MPT neglected the development of China Unicom. The cold war between Unicom and telecom restricted foreign investors from making any real inroads in China's telecom sector. Reforms were initiated for major  developments to serve the consumers more effectively.

Mini Case in Finance and Accounting Study Example | Topics and Well Written Essays - 1500 words

Mini in Finance and Accounting - Case Study Example The incremental cash flows constitute the marginal benefit from the project. Therefore, the incremental cash flows are the increased value to the firm from accepting the project. It is suitable to take the total free cash flow into account rather than taking the total profits. b. Cash flow items do not include depreciation. However, depreciation affects the cash flows at various levels on the life of the project as it has effects on taxes, which in turn impacts the cash flows (Business Accounting Guide). Depreciation comes under the expenses items and when the amount of depreciation incurred increases, the expenses also increase in proportion. On such a situation, the accounting profits get diminished. c. The sunk costs are ignored while assessing the capital budgeting proposal. The company as a whole concentrates only on the incremental after-tax cash flows, or free cash flows. The decision made on the investment at hand is not regarded as the sunk cost that would have already incur red. They are irrelevant and are not incremental cash flows and so they do not affect the determination of cash flows. d. The project’s initial cash outlay can be calculated by using the following formulae. Initial Cash Outlay = Cost of new plant & equipment + Cost of shipping & installation + Increase in working capital = $7,900,000+ $100,000+$100,000 = $8,100,000 e. The differential cash flows over the project’s life can be found out by adding Taxes to the amount of EBIT (Earning Before Interest and Taxes) and deducting the amount of Depreciation. The differential cash flows through the years are assessed as follows: Operating Cash Flow Statement Year 1 2 3 4 5 EBIT $6,500,000 $12,500,000 $14,900,000 $7,700,000 $2,900,000 Less: Taxes $2,210,000 $4,250,000 $5,066,000 $2,618,000 $986,000 Add: Depreciation $1,600,000 $1,600,000 $1,600,000 $1,600,000 $1,600,000 Differential (Operating) Cash Flows $5,890,000 $9,850,000 $11,434,000 $6,682,000 $3,514,000 f. The Terminal Cas h Flow means the cash flow that is accumulated at the end of the project life. It takes the net recovered value collected at the liquidation of the project into account. It consists of cash flow on account of the changes in net working capital but leaves out the operational cash flow from the previous year of the project. Usually, changes in the net working capital affect the cash inflow, which is the recovered amount of cash outflow taken into account at the starting of the project (Terminal Cash flow in capital budgeting decision, 2010). The Terminal Cash Flow is assessed using the following statement. Terminal Cash Flow = $5,914,000.00 Free Cash Flow Statement    1 2 3 4 5 Operating Cash Flow $ 5,890,000.00 $9,850,000.00 $11,434,000.00 $ 6,682,000.00 $ 3,514,000.00 Less: Change in Net Working Capital $ 2,000,000.00 $1,500,000.00 $ 600,000.00 $(1,800,000.00) $(2,400,000.00) Less: Change in Capital Spending $ - $ - $ - $ - $ - Free Cash Flow: $

Art Movements in the Twentieth Century Essay Example | Topics and Well Written Essays - 500 words

Art Movements in the Twentieth Century - Essay Example Frida Kahlo used his paintings to portray the pain that human beings had to go through psychologically. Her life was not a ride in the park as she had various issues to struggle with, like illness and personal relationships; something that pushed her to this artwork, which was therefore a public alarm that people should embrace better relationships with their friends or lovers and be careful not to utter or do things that would interfere with one's psychological wellbeing. It is through her work named, ‘The Two Fridas', in which her personality as well as political intensions were implied; meaning that this was a representation of the personal struggles that revolved around her life as well as those of Mexico, that she was made famous. Frida was known to be a very devoted citizen to her country and is said to have joined the communist party and even took part in public political protests. Her dressing advocated nationalism, and this was also evident in struggling to have Mexico achieve a national identity. Through their artworks, Picasso and Frida Kahlo were able to air their various feelings of what was happening in the society, on behalf of the rest of the people who had no voice as far as such matters are concerned. These were mainly political and social matters that drove them into venturing in the field of artwork, and takes commitment, concern and love for one's people and country to be in such a field. Through their artwork, political leaders became more responsible.

International law Essay Example | Topics and Well Written Essays - 3250 words - 1

International law - Essay Example International law sets the limits on and relations between and among states. International law is not a new concept. Keep in mind that rudimentary international law was evident as far back of the fourth millennium B.C, when belligerents consented to observe truces for holidays and other similar situations. Homer\s The Iliad and Thucydides\s The Peloponnesian Wars are abounding with references to armistices, acceptance of heralds in addition to other customary standard behaviour connecting peaceful or warring parties. But is should also be remembered that such references are equally filled with instances of agreements being dishonoured. Modern international law, customary international law being part of it, gradually evolved as states gained status. Denial S Papp1 states that Hugo Grotius is usually taken note of as the father of modern international law with references to his work, On the Law of War and Peace, published in 1662. His publication paved the laying of the foundations of the rights and responsibilities that states are obligated to each other. It is on the writings of Grotius that the entire systems of treaties, tribunals as well as similar codes of international conduct take their extraction. From the readings of Grotius’s publications, at least four separate interpretations of what international law is, exist.2 These include: the naturalist school of law exemplified by Samuel Pefundorf (The Law of Nature and of Nations, 1672); the positivist school of law, led by Cornelius van Bynkershoek (Forum for Ambassadors, 1721 and On Questions of Public Law, 1737); the eclectic school of law led by Emmerich de Vattel (The Law of Nations, 1758) and finally the neorealist outlook. The more general view is that states interpret and adopt whatever view of international law that best shores up the most preferred course of action. There are various sources of international law to which states can tie

Critical Questions Major Paper Essay Example | Topics and Well Written Essays - 1000 words

Critical Questions Major Paper - Essay Example Are they not everything that is against the America way? Is it right for the persecuted, the hungry and the poor to want a part of this dream? No, it cannot be because this would be against the foundations of the American Constitution – a constitution that promises rights for everybody. However, this immigration problem may used to solve our problem with a renewable source of energy1. Rather than importing oil from foreign countries we could open or border so that we can farm immigrants. This would reduce worldwide consumption2, without decreasing or threatening the consumer society of America. As a result it should be taken into consideration that any step taken should be taking keeping in mind mainly the domestic portfolio of the basic citizen. Well, one of the biggest problems for these immigrants is large families and over reproduction, as a result that leads to over consumption. Therefore, using them as fuel would provide us with a renewable source of energy, therefore making a better energy choice. This new fuel resource would be important, because traditional fuels are being targeted as bad for the environment.3 Once an individual is past child bearing they become a source of fuel, all unnecessary males also face this future. In doing this not only can we reduce the amount of consumption that these immigrants are taking away from red-blooded Americans, but also the fear of male immigrants becoming terrorists is reduced and also we have a renewable source of energy. For this a set of agencies could be erected. The prime objective of these agencies would be executing the laid down plan. It is a must the state should be funding them. To understand the importance of this proposal one has to consider the alternatives. The alternative is that we open or even close or borders to these immigrants; whatever the policy approach that is taken these

Body image Essay Example | Topics and Well Written Essays - 500 words

Body image - Essay Example Joseph’s Turrow’s article entitled Targeting a New World shows how firms use target marketing in order to reach their markets and propagate their message. On the other hand, the detrimental effects of the marketing in people’s mind are shown in Dan Cook’s Lunchbox. Hegemony. These two articles reflect how marketers shape the body image of customers through the use of advertising and how advertising leads to the deterioration of our self-worth. Joseph Turrow describes how marketers are diverting their efforts from mass marketing to target marketing where specific advertising messages are geared to capture a specific audience. This is done by tailoring a program which is suited only for the target market while signaling the wrong people to go away. Target advertising, which aims to separate individuals in different media communities, equates the purchasing power of customers to their self worth. It can be seen that in this type of community, only those who can pay will be provided for while those who cannot afford to pay will be treated as outcasts. The separation of communities according to their lifestyle will also encourage individuals to discriminate those who do not belong to same media community. This individual will perceive that his â€Å"lifestyle† is superior while other people are inferior, hampering the possibility of knowing other people outside their circles. According to Turrow, â€Å"It will allow individuals in their personally constructed worlds, separated from the people and issues the y don’t care about or don’t want to be bothered with† (18). This separation also erodes mutual dependence and appreciation of other people. Lunchbox Hegemony proves how marketers have succeeded in promoting a consumer culture among the children. This article shows how targeted marketing as described by Turrow really works. Cook acknowledged how

Identity Perception in the Virtual World Essay Example | Topics and Well Written Essays - 2250 words

Identity Perception in the Virtual World - Essay Example The above mentioned points are a few of the choices that face people when creating their own identity on the Internet or within cyber space. This is where the use of decision aids comes in as far as the following points are concerned: These are some of the features that describe the various ways in which an individual decides to express himself or herself and put across an identity or a face to an entity in the cyber world. In this essay, there will be a focus on describing exact scenarios so as to put across the realities of developing an identity within the human relation setting in cyber space. This identity will then be scrutinized on the above mentioned parameters which will be described in keeping with the evaluation and thinking aloud models that a person makes use of when using a decision aid in order to define himself or herself. This essay will put forward various arguable points that in turn will render authenticity to the identity. This is merely a rough draft with a vague framework of ideas that have helped in developing a point of view. This point of view will be further classified within the essay on the basis of the above mentioned models so as to ensure that there is clear demarcation of the various kinds of perceptions that revolve around this kind of an identity. This will also be covered with the use of parameters for description such as trials, tribulations and various other such facets of being an entity in the virtual realm. Identity Perception in the Virtual World With an increase in the phenomenon known as globalization and the wide use of technology as a complementary feature, human society has changed and the needs have increased manifold. Changes in the political, economical and cultural arena have challenged and effected alterations within various professions. The autonomy of professions has been under challenge because the market has tried to decrease it so to reduce their power and status. Also, trust has been replaced by target setting accountability as client-professional interactions have been limited in order for services and companies' profits to be increased. In this regard, the identity of a person has come to be influenced by various factors that involve the technical aspects within which people and organizations operate. This essay will describe a setting within which the identity issues of an individual will be perceived and put forth. Parameter for Study: Human Relation Setting In the human relation setting, it is imperative for the assessor to be at his or her most attentive best. Since this may not always be possible, there is a room for faulty perception especially in an arena like the cyber space where there is little real time interaction. Also, in case a personal bias of some sort creeps in towards a problem area encountered by the entity, there is scope for misguided judgments regarding identity perception to take place. This also makes the participant more

Offshore Jobs Essay Example | Topics and Well Written Essays - 750 words

Offshore Jobs - Essay Example are some of the countries where MNCs from USA, UK, Germany and other developed nations have started outsourcing the jobs. This trend has picked up in a big way in the last 15 to 20 years. In fact, as this trend kept growing, a debate also started in the political spheres about the job losses taking place in USA, Germany, UK etc. In the recently concluded Presidential elections in the USA, outsourcing became a big issue, with the candidates spelling out their own versions of the truth on outsourcing by many companies. But as per the indications available the trend appears unstoppable in the immediate future. The high turnover rates amongst IT staff in some of the Indian cities points towards the availability of opportunities in this sector which propels the staff to switchover jobs from one company to another looking. The research conducted by McKinsey Global Institute (MGI) points out that even after a huge hike in salaries in the outsourcing destinations, the salaries are still quite low as compared to the cities in the America and leading EU nations. While the criteria of selecting the sites depends on a variety of factors like, work culture, infrastructure availability, talent pool etc. besides the wages; the study points out that many companies have preferred to go for tried and tested nations like India and China. Though the infrastructure is far from satisfactory in some of the cities of India, still some of the companies have expressed their confidence in these cities based on their past experience and the availability of other similar companies in the vicinity. At the same time, the study points out that many companies like Amazon.com, Telefonica, Intel and Sakonnet Technology have preferred offshore centers in the African cities like Cape Town, Tangier, Cordoba, Rio de Jenerio etc. But in general it has been found out that some of the hot spots have become favorites of companies which have followed the trend observing the 'first mover's cost advantage'. But this trend also results in overheating of the job market in those cities and the infrastructure too starts deteriorating. Citing the example of Gurgaon, a place near the capital city of India the study finds out that the area has become very populous with many shopping malls, multi-story apartments etc. when leading companies set up their operational units in these cities. But gradually it has started taking its toll with paralyzing traffic congestions, frequent power cuts, communication network breakdowns etc. But, the fact that so far the reverse trend has not started, points towards the cost advantage still being favourable to the MNCs. The availability of huge numbers of unemployed educated youth at offshore hot spots makes these locations all the more attractive. MGI studied 28 low-wage countries and figur ed out that about 6.4 million young professionals are available in 2003 for far less number of jobs. It has been projected through the study that supply of college educated talent will continue to outstrip the demand from MNCs offshore operations for many-many years to come. In general some of the key factors identified for choosing a location include Cost, availability of skills, suitable political and legal environment; market potential of the region or country; risk factors; and infrastructure. Though destinations like Dubai have also been

Introduction and Motivation Essay Example for Free

Introduction and Motivation Essay The following chapter provides the foundation for this thesis. It begins with a scope clarification including a definition of the Supply Chain 2020 research initiative, and this thesis position within that overall project. Additionally, this chapter discusses the motivation and methodology behind this paper as well as provides an outline for future chapters. The Supply Chain 2020 Project is a multi-year project initiated by the Center for Transportation Logistics (CTL) at the Massachusetts Institute of Technology (MIT). The major research goal for the Supply Chain 2020 Project is to identify the components that will constitute excellent supply chains in the year 2020. In identifying the strategies, processes, and metrics that will comprise excellent supply chains, Supply Chain 2020 hopes to assist companies in multiple industries in developing strategies to remain competitive in the future. The academic year 2004-2005 is Phase I of the Supply Chain 2020 Project. The scope of the initiative for Phase I is to identify and research excellent supply chains in the aerospace, apparel, automotive, communications, computer, consumer products, distribution, pharmaceutical, resources, and retail industries. Specifically, the scope of this thesis is the retail industry. We will focus on the strategies, operating models, network designs, and supply chain processes that constitute an excellent supply chain in the retail industry. In looking at the components listed above, the existing best practices will be analyzed with respect to how they support and promote the business strategy of the specific companies being analyzed.

Accounting Audit: Case Study

Accounting Audit: Case Study The inventory valuation is done on cost basis, while the NRV (Net realizable value) is 10% below the cost. As per the accounting standards in Australia governed by the AASB, the inventory valuation is done based on the basis of lower of cost or realizable value, whichever is lower, which is as per the guidelines laid down under the provisions of AASB 102. However, since the cost is of higher value in comparison to the realizable value, the system followed here reflects the inventory at higher value, which is not the fair value of inventory and contravenes AASB 102. This is the just and fair opinion of independent auditor. In view of this, the audit opinion expressed is fully justified. The inventory should reflect the fair value of the inventory and the cost basis does not reflect the fair value of the inventory as per acceptable accounting principles. Hence the system of accounting followed should be subjected to fair audit, and corrective measures should be taken for rectification. Further, the opinion expressed by the auditor should be an adverse opinion, since the accounting systems and practices followed by the company contravenes the principles and concepts of accounting and the provisions as per AASB and the Corporations Act, 2001 given the materiality of the information and facts reported by the company and the fairness in the reporting of the financial statements. The client has entered into a real estate contract of purchasing some property and developing shopping complex, and further selling the same to an unrelated third party at a profit-based (cost-plus) basis of settlement price. As the real estate markets fell and the rates had dropped, the purchaser sued the client on the basis that as he relied on markets and rates forecasted by the client, he was not getting the forecasted prices in the market because of recessionary conditions in the market. In view of the uncontrollable market conditions resulted due to no fault of the client, the auditor opined that the client need not pay any damages as he is not liable for any loss due to uncontrollable factors in the market over which client has no control. In view of this, the opinion of the auditor is just and fair. Moreover, when the transaction that has taken place between the purchaser and the client, the client is supposed to have information about the risks such transactions are exposed to. The market risk is covered under AASB7, which deals with the various risks arising under financial transactions. In view of the above, the auditors opinion with regard to client liability for loss is fair and fully justified. However, sensitivity analysis has to be conducted with respect to the variable parameters and the methods followed for the sensitivity analysis. The impact of the price analysis or forecasting is studied on the basis of the changes in these variables. In this case, as the client is not part of the final transaction pertaining to the sale after the completion of the deal, the client and its management is not liable. The entire risk in this case is to be borne by the purchaser himself who has to bear the entire market risk. Market risks are not part of any deal between parties. Hence, the auditors opinion that the client is not liable for the damages legally is fair and correct. Moreover, since there is always the probability of (market) risk involved due to price fluctuations, it is the presence of market forces which could have gone either way. The probability of loss to the client in the event of the markets falling could not be underestimated. Hence, the opinion here of the auditor should be a disclaimer opinion (a category of Qualified opinion) since the best forecast of the estimates could go wrong and hit either side and the auditor could not be held liable for the estimation or forecasting based on market factors (external), given the information and facts available to the auditor for forming an opinion about the companys accounting policy. (iii) In this case, there is a small NFP or Not-for-profit organization, which can be characterized by a high % (completion) of total revenue and, in such a organizational framework, the internal control degree is low. In view of this, the % completeness of revenues and the risks associated with auditing are also high. Larger the size of the NFP organization, lower the completion % of total revenue and better control over internal control and in turn, lower the risks associated with As the degree of internal controls is low, the auditors assertion of poor audit evidence and lack of control over the revenue completeness is correct and fair. Hence, the opinion issued by the auditor is one of disclaimer type in view of the limited scope or horizon and the limitations of the auditor in terms of the audit evidence provided or made available to the auditor to give the fair and independent opinion and the materiality of the information given. So there is a limitation of scope of the auditors examination. (iv) The company is follows the accounting policy of not disclosing the directors fees in its financial reports. Since the disclosure of directors fees is mandatory as per Corporations Act, 2001, (Australian corporation and securities legislation, 2001), the assertion and opinion of the auditor with regard to the materiality or otherwise of the fees does not hold well. The Materiality arises when it affects (i) decision making with regard to resource allocation (ii) accountability of management. The point of materiality is covered under AASB 1031 of the Australian Accounting Standards Board. Since as per the Govt. of Australias guidelines issued with respect to disclosure of directors fees is mandatory, non-compliance with the same or non-disclosure may lead to penalties for non-compliance on the part of the management and the auditors of the violating company. Hence, in view of contravention and non-compliance with the acceptable financial reporting policies, the auditor needs to give a qualified report. (v) The management of the company estimates the provision for bad debts at $550000. The audit arrives at the fair and reasonable estimate at 655000. The management of the company has refused to accept the figures of estimated given by the company for it would reduce the ne profit to the extent of $105000. Bad and doubtful debts are classified into recoverable and irrecoverable debts. Under the accounting norms for bad debts as per the Corporations Act, 2001, the irrecoverable debts are written off. The recoverable debts are those which are likely to be recovered and provision in respect of which is make in the financial statements of the year. Provision for Doubtful debts is under Section 237 of the Corporations Act, 2001 and AASB 124. In the Income Statement, the provision for doubtful debts is shown as a loss, while in the Balance Sheet, the provision is reduced from the Trade debtors as Net Debtors and is shown under current liability on its own (Current liabilities and provisions). A udit of accounting estimation follows the procedure collection of audit evidence, ascertaining and assessing the reasonability or otherwise of the accounting estimates, revising and renewing the estimates, and reviewing the subsequent events. As the materiality factor is involved in the accounting for the estimated figure of provision for doubtful debts, the report would not give a fair view of the financial report for the period and hence the auditor should give an adverse report indicating that the accounts do not reflect fairness in its state of affairs and financial position. (vi) In the case, the company has cash balances maintained in a foreign bank account situated in a foreign country or location. In this case, since there is no substantial audit evidence to enable the auditor to form an unbiased, independent opinion, the auditor can only give a subjective, qualified (limited scope) opinion on the reasonable grounds of his best professional expert judgment and experience, which may even be based on reasonable assumptions born out of facts available. Since the materiality figure is given, and the cash balance in the foreign account is just close to that figure, quantitative figures of materiality in the case do not hold good. Hence, the classification by the auditor of the entire cash balance held in the foreign account in the foreign location as current asset (asset required to meet short term obligation) is fully justified and the opinion given by him would be classified as disclaimer opinion, since the opinion does only reflect the best under the given circumstances and the facts. PART- B Introduction The auditor gives opinion of three types, in case of audit reports, namely, adverse, disclaimer, and qualified opinion in respect of the companys accounting norms, procedure and systems. Further, the audit of accounting estimates of the companys accounting procedure and practices would be generating modified, unqualified and qualified audit reports Executive Summary Under this report, we shall locate three annual reports from the appropriate sources mentioned in respect of three Australian companies listed in the ASX (Australian Stock Exchange) and also available in the CQU website. In these audited reports, the auditors opinions qualified opinions, unqualified opinions, and modified opinion with a Matter of emphasis as expressed by the auditors in these reports are shown. The detailed opinions are written in respect of the three companies annual reports considered for reporting on the Audit analysis of the financial reports of companies. Finally, conclusions are drawn based on the analysis of these reports. Report Now let us discuss the various opinions expressed by the auditors in respect of the three annual reports of the companies (Refer Appendix) as under: QUALIFIED OPINION: A Qualified opinion may be issued where there is a disagreement with management concerning appropriate accounting policies, a conflict between applicable financial reporting frameworks, or a limitation on the scope of the audit. A Qualified opinion can be used only when the auditor believes that the overall financial report is fairly satisfied. (Arens, at.al, 2010) I have found the following company with the Qualified Audit opinion. Gerard Lighting Group Ltd: Gerard Lighting is a listed Australian Company in the power sector. As it is the major company in its product line, I have taken this company as an assignment subject so that the companys accounting policies and practices, a strong company in the infrastructure sector can be thoroughly studied and reviewed. The annual report of the company for Year ended 2009 has been studied and the features of its auditors report are as under: Audit of its accounting estimates of expenses (Fielder, 2010) incurred during the period. Evaluation and assessment of efficiency and adequacy of its processes and controls Independence of the external auditor has been certified and ensured despite the auditor being engaged in the non-audit professional activities A review of the directors forecast (historical), historical pro-forma financial statements and best estimates assumptions, based on external factors (judgmental and subjective) beyond ones control and scope, has been carried by the auditors, which is done as per the audit evidence and financial data available to the auditors which is insufficient for the purpose of audit, hence the auditors clearly state that this is just a review of the management activities and forecasting based on its core performance factors, not a complete full-fledged audit. Hence there is no opinion made by the auditors on the audit report in view of insufficient audit evidence with the auditor as per information provided by the company for the purpose of audit which indicates that the auditor does not undertake any responsibility and the auditors opinion is known as disclaimer opinion, (Arens, et. al, 2010) a classification of qualified opinion, having insufficient audit evidence to form unbiased, clear opini on. The independent external auditor KPMG of Gerard Lighting Group Ltd has expressed their satisfaction over the financial report prepared and presented by the board of directors. The auditors have assessed and verified the statement of comprehensive income of the group, change in equity and statement of cash flow on date of year ending as well as the summary of all the significant accounting policies that has been followed by the company and the notes presented by the company. The auditors have found that the board of directors has discharged their duties in fair way. They have ensured that company follows the appropriate policies. As an overall view of the auditor this report is true, fair and free from any material misstatement. UNQUALIFIED OPINION: An Unqualified opinion is the most common type of auditors report. An unqualified opinion is issued when the independent auditor believes that the companys financial statements are sound; that is, the statements are free from material misstatements. This is different from a qualified opinion which is issued when the independent auditor discover something in the financial statements that is subject to major concern. Harvey Norman Holdings This is a leading Australian listed company in the product segments integrated retail, banking and franchise. As a company based on very sound policies, principles and practices, we have considered it for the study. The annual report of the company for the Year ended 2009 have been studied. The features of its annual report are as under: The audit of the financial position for the year has been made as per the audit procedure and carried in terms of provisions laid down under the Corporations Act, 2010 (Australian corporation and securities legislation, 2001)and the Australian Accounting Standards Board. The independence of the auditor being certified and ensured despite the auditor engaged in non-audit professional activities. The compliance with the standards and opinion about the fairness of the financial position by the auditor. Given the sufficiency of audit evidence and financial information, the audit carried represents a full and fair position of the financial standing of the company, in the opinion of the auditor with regard to the auditors report. This is an unqualified report expressed with regard to the unbiased independent opinion of the auditor on the financial position of the company. Finally, the auditor gives an unconditional, unqualified opinion based on data made available for forming an independent opinion and has classified the reports as unqualified reports The Independent auditor Ernst and Young of Harvey Norman Holdings have found that the financial report for the year ending 30 June 2009 has been satisfactory under various rules and have expressed an unqualified opinion on the report. The auditors have found enough audit evidences from various judgments and procedures that the financial report prepared and presented by the management is true. As a whole the auditors has expressed their opinion that this financial report is true, fair and free from any material misstatements and has been prepared by complying with all the relevant rules and laws of land. MODIFIED OPINION: An Unqualified audit report with an emphasis of matter is appropriate for an audit with satisfactory results and a financial report that is fairly presented, but where the auditor is required to provide additional information (Arens, et. al, 2010) The company with Modified opinion with an emphasis of matter AXA Asia Pacific holdings: This is a major listed Australian company in the financial (insurance) sector and is considered for the purpose of the study due to its key market position and sound financial practices. The annual report of the company for Year ended 2009 has been studied and following are the features of its auditors report are: Audit of its accounting systems and procedures. Evaluation and assessment of sufficiency of audit evidence. Independence (Roebuuck Martinov-Bennie, 2010) of the external auditor has been certified and ensured despite the auditor being engaged in the non-audit professional activities. The auditor has expresses an unqualified report on the financial position and expressed compliance with the AASB1039 (Australian accounting standards board). (Audit of Accounting estimates issued by AARF on behalf of ASCPA ICAA AUS516, 1995) Materiality (Pflugrath, 2010) with regard to the facts and figures presented has been checked and ascertained by the auditor and their conformance with the Australian accounting standards has been ensured. The forecast data based on judgmental assumptions and the subjective decisions made by directors of the company have not been reviewed or subjected to any kind of review. Hence, this is an aspect of a modified opinion with matter of emphasis. Considering the adequacy of sufficient information for giving true position of the financial state of affairs of the company, unqualified opinion has been given in the auditors report. The auditor Price Waterhouse Cooper has expressed their satisfaction over the independence of the external auditors and the financial reports of the AXA Asia Pacific prepared by the management under the Corporations Act 2001 and Australian accounting Standards as well as International Financial Reporting Standards. The auditors has found enough auditing evidences those indicates that this financial report of AXA Asia Pacific is true and has been complied with all the ethical and regulatory norms stated under Corporation Act 2001, Australian Accounting Standards while preparing financial reports. The auditors have said that this report is free from any material misstatement. On overall basis the auditors have found the financial report true, fair and free of any material misstatement and has complied all the rules and laws that governs and are relevant for a corporation having business in Australia (Annual Report, 2009 AXA Asia Pacific Holdings Limited). Conclusions We have studied a report based on the audit opinions expressed by the auditors regarding the accounting records based on the sufficiency of the audit evidence supplied and the audit plans carried out by the auditor. In all the cases, to the extent of the information supplied, they (auditors) have made independent opinions with regard to compliance with the Accounting standards of Australia (AASB) and compliance with the Corporations Act, 2001 and have qualified their opinions to the extent of the forecast and best estimates made by the management based on their subjective judgment and perception and also made opinions with regard to the fairness of these financial reports. From the analysis and review of the above companies, we can draw the following brief inferences with regard to Qualified, Unqualified, and Modified reports: GLG Qualified opinion HRH Unqualified opinion AAPH- Modified opinion with matter of emphasis.

Idea Initiation In A Young Company

Idea Initiation In A Young Company Making the business plan has been a great hands on experience to learning about small business development. We were not only required to study theories on how a business is created but actually do it ourselves. For me it has been a great learning experience as I had to make a decision to think like an entrepreneur and develop the qualities an entrepreneur has and incorporate the qualities of creativity, drive and a willingness to take risk. The aim of the below report is to summarize my contribution to this project as well as the key areas of idea initiation, teamwork, presentation experience, alternative scenarios and learning gained as well as other areas covered in the development of the business plan. Teamwork All three team members contributed to make this project successful and worked together to create an efficient team. Idea Initiation After several sessions of brainstorming the group decided on a Business and technology magazine under the guidance of Mrs Priti Punatar through the process of identifying opportunity by means of problem solving. Presentation Experience A learning experience about time management, public presentation and the importance of thoroughly understanding the business venture an individual wants to undertake as well as understanding the involvement of investors in the entrepreneurial process. Alternative Scenario Consideration of both best and worst case scenarios allows BT to prudently predict steady growth rate. Team Work A new venture team is defined as the group of founders, key employees and advisors that moves a new venture from an idea to a fully functioning firm and so with our team it was the case of bringing together people with different abilities and strengths to create a strong unified force to achieve the objective of making a successful business plan. Each individual brought their own individual set of skills and played a different role in the planning and execution of the business plan. Our team was formed keeping in mind the strengths of its members and tasks were delegated accordingly. Priyanka who is good with numbers did the financial plan as well as the marketing plan, Krupa who has the strongest organizational skills dealt with the organizational structure and risk analysis and I was delegated the task of Industry analysis due to my research skills as well as the operational plan. Initially our team consisted of four members; Priyanka, Krupa, myself and Joyce Issowe who later dropped out due to medical complications. Working efficiently in a team is a key success factor for anyone who wants to be a successful entrepreneur as he/she will be required to meet with and bring together a venture team to work with. We were very lucky in that, although our team involved the coming together of three highly opinionated individuals all were willing to listen and respect the others opinions which allowed us to come up with the best viable solutions in a dignified manner. In my opinion, each individual within the team worked efficiently to ensure the success of the team. The executive summary, the business and appendices were completed with hard work from all the three team members equally. All In all, every team member put in the required effort, all meetings were attended in time and all our planned goals were reached Process of Idea Initiation In this most fundamental process our first and basic concern was to come up with a firm that would be entrepreneurial in nature as opposed to being salary substitute or lifestyle oriented. The business had to be feasible, innovative and we needed to have both the passion and knowledge required for it. Initially through the process of brainstorming our group had a number of business concepts to go with. Joyce had suggested a dairy farm, Krupa suggested a school for performance arts, Priyanka suggested an engineering consultancy and my own suggestion was a web based real estate firm. By the process of elimination using our checklist we realized that a dairy farm wasnt innovative enough, we didnt have the expertise required for an engineering consultancy and the market wasnt ready yet for a web based real estate venture or a school for performing arts. As the foundation of any successful business lies in recognizing opportunity, we decided to speak with a few people, in our social network, involved in different industries whilst researching the trends in various fields and industries. Finally under the supervision of Mrs. Punatar, we decided to work on a business and technology magazine that would be the first of its kind to be produced in Tanzania. Due to the growth in the economy and changing social factors such as more graduates entering the labour market and increasing diversity the need for information had arisen and there was a lack of a locally produced business magazine. We realized the window of opportunity was wide open and circumstances were just right. Therefore our business concept came about; A business and technology magazine for Tanzanians, by Tanzanians. Through this process I learnt that opportunity needs to be defined, timely, attractive and of value to the end user. I learnt also to identify opportunity through observing trends, finding a gap in the marketplace and solving a problem. Apart from this I saw how economic and social factors account for the creation of opportunities and how different characteristics such as prior experience, creativity and social networks help entrepreneurs and finally I learnt to apply the 5 steps of generating creative ideas as well as the different techniques involved such as brainstorming and surveys. Presentation Experience Important factors considered by investors in their decision making process include determining that the company has focus, specific solutions for the needs of the market, that customers are willing to buy the product and that the dynamics of the company are strong. They need to know that the company is run by smart people who can control expenses and make a profit. If expected to invest, they in turn need to trust the management team running the business in terms of their experience, maturity, reputation as well as a track record of success and personal interaction therefore is a must. Also investors cannot be expected to have the time to sit down and go through lengthy documents, they want to get instant answers for any concerns or queries. The process of crafting the slides to be presented, and ensuring the presentation would cover all essential areas whilst summarizing the entire business concept, was a challenging one that taught me about time management, extraction of essential information from available data and the involvement of visuals to convey essential points. All three members of the group presented the plan in parts with me introducing the business, the problem we aimed to solve and our business model. Krupa then took over and covered management team, industry analysis and competition leaving Priyanka to finish the financial overview including; share offering, payback, profitability, break even analysis and current status and projected use of funds ending with exit strategy for investors. Crucial lessons were learnt during this presentation about capturing and retaining the interest and attention of our potential investors, maintaining the set time limit as well as the importance of confidence and a deep understanding of the business venture. Alternative Scenario The success of any business is dependent on external as well as internal conditions. Internal factors are easier to control and predict relative to the external factors. With regards to external conditions, there is always some degree of uncertainty. In order to be prudent all figures taken within the business plan have reflected a pessimistic view of the worst case scenario. In order to achieve this and to reflect alternative scenarios that may arise due to unpredictable factors the revenue included in the business plan is less than that actually expected by investors. Due to the unpredictability of Macro-environmental factors the number of subscriptions has been kept at minimum and the advertising revenue included is less than what the firm will target to achieve. Another relevant point concerns the break even analysis. To keep alternative scenarios in mind, both best and worst case of total revenue have been considered whilst the figure taken for cost has been kept at maximum in line with the accounting principle of prudence. This allows investors to be comfortable to know that the minimum success will be as presented in the business plan with an additional potential for greater growth. Business partnerships have also been taken into account in order reflect alternate means to achieve a target. This can be seen as in the outsourcing of printing to keep costs low as well as the establishment of a network of free lance contributors. Figures for costs and budget in the analysis of the financial statements have also been calculated after the consideration of the alternative growth scenarios and B%T therefore is expected to have steady growth as a worst case scenario where the best case reflects a quicker point of break even and higher profitability. Learning and Usefulness of the Business Plan The experience of coming up with a business plan opened up my eyes on the many aspects that are necessary to be considered whilst starting up a business. Extensive research is required together with knowledge of the industry. I have realized that an entrepreneur must have a clear vision on how exactly his company will work and perform. Before making a business plan myself I had no idea of how important it is. This document includes all research and analysis showing feasibility of a new venture and how all the different resources needed may be brought together synergetically. In developing a business plan it becomes necessary to look at every single aspect of the business and it therefore provides a clear picture of whether a new venture is likely to succeed or fail. The business plan analyses the potential of turning an idea into a source of revenue and in so doing answers the question of viability, industry attractiveness and growth, size and buying power of target market, attractiveness and uniqueness of the business model, availability of skilled labour, completion, ROI, legality and critical risks. It can be stated therefore that it is a critical document providing answers to investors for them to make an informed decision on whether or not to turn a particular idea into a business venture. This process has taught me a lot. I learnt to apply Porters 5 forces model in considering substitutes, new entrants, existing rivalry, bargaining power of buyers and suppliers as this was necessary in order to determine the attractiveness and profitability of the industry and position our firm where we could make maximum profit. In carrying out competitor analysis I understood the type of competitors BT would face and was therefore able to develop strategies to allow the firm to compete successfully for example, establishment of BTs brand before the emergence of future competitors. Through the next step of developing a business model we had to apply what we learnt in class to create an effective model for BT as was the case with applying knowledge on financial analysis and the value of pro forma statements, forecasts and budgets to determining success of the new venture. I also learnt how to develop a successful marketing mix through looking at the issue of core product versus actual product. All in all this process has shown me that a business plan is the most important tool needed in the entrepreneurial process as is incorporates within it everything any stakeholder would need to know about the viability of the idea and its conversion to a business venture.

Dell Computers :: essays research papers

At age 13, Michael Dell was running a mail-order stamp-trading business, complete with a national catalog, and grossing $2,000 per month. At 16, he was selling subscriptions to the Houston Post. He enrolled at the University of Texas in 1983 as a premed student but soon became absorbed in computers and started selling PC parts out of his college dorm room. He bought random-access memory (RAM) chips and disk drives for IBM PCs at cost from IBM dealers, who often had excess supplies on hand because they were required to order large monthly quotas from IBM. Dell resold the components through newspaper ads at 10-15 percent below the regular retail price. By April 1984 sales were running about $80,000 per month. Dell dropped out of college and formed a company, PCs Ltd., to sell both PC components and PCs under the brand name PCs Limited. He obtained his PCs by buying retailers' surplus stocks at cost, then powering them up with graphics cards, hard disks, and memory before reselling them. His strategy was to sell directly to end users; by eliminating the retail markup, Dell's new company was able to sell IBM clones at about 40 percent below the price of an IBM PC. The price discounting strategy was successful, attracting price-conscious buyers and producing rapid growth. By 1985, the company was assembling its own PC designs with a few people. The company had 40 employees, and Michael Dell worked 18-hour days. By the end of fiscal 1986, sales had reached $33 million. During the next several years, however, PCs Ltd. was hampered by a lack of money, people, and resources. Michael Dell sought to refine the company's business model, add needed production capacity, and build a bigger, deeper management staff and corporate infrastructure while at the same time keeping costs low. The company was renamed Dell Computer in 1987, and the first international offices were opened that same year. In 1988 Dell added a sales force to serve large customers, began selling to government agencies, and became a public company ¡Xraising $34.2 million in its first offering of common stock. Sales to large customers quickly became the main part of Dell's business. By 1990 Dell Computer had sales of $388 million, a market share of 2-3 percent, and an R&D staff of over 150 people. Michael Dell's vision was for Dell Computer to become one of the top three PC companies.

Eulogy for Grandmother :: Eulogies Eulogy

Eulogy for Grandmother I believe that every person in, in their own unique way, creates a legacy in their lifetime by which others can live long after that person has left us. For those of us who remain, Mildred Johnson has truly created a legacy to uphold and fulfill in our daily lives. I firmly believe that this carrying out is a true honor and responsibility by means of the various facets that Mildred has made her own. Love : Above all, Mildred Johnson is a figure of unconditional love. Love was the major fabric by which she created her tapestry of life. In the raising of her own children, the teachings of her grandchildren, and in how she welcomed in new family and friends, her unconditional strong love is what has made our family what it is today and what will keep us together from this day forward. Spirit : My Grandma, Mildred Johnson, is a true woman of faith. For as far back as I can remember, my Grandma has been a conveyor of the word of God in developing her family and living her daily life. Never would she miss a Sunday to share the word and love of God. As time moves forward not all of God’s children remain strong enough as before to lead his flock. Nor can all of God’s choir continue to sing quite as loudly as they always have. This is the time when the Lord takes them into his hands to rest their souls as he has now done with Mildred. Make no mistake, however, as the legacy of spirit that she has created in all of us will continue to live on. Family : My Grandmother Mildred truly defined the word family as I have come to learn and live it. Holidays and family gatherings were the celebrations they were because they were surrounded by Grandma’s love. I watched family such as my late uncle Reginald become the amazing family man he was because of traditions instilled by his mother. I have also seen her daughter - my aunt Milinda – raise three beautiful children by the love and traditions passed down from Grandma. I, of course, owe most of who I am from Grandma’s love passed down through my own mother Rayetta and her husband George, whom Grandma so highly regarded.

Lifes Simple Pleasures in William Wordsworths I Wandered Lonely as a

Life's Simple Pleasures in William Wordsworth's I Wandered Lonely as a Cloud Edna St. Vincent Millay once wrote, "And all the loveliest things there be come simply, so it seems to me." This aphorism clearly accents the meaning of William Wordsworth's poem "I Wandered Lonely as a Cloud." In his work, the speaker reminisces about a past experience in which he saw a beautiful multitude of daffodils swaying in the breeze. As he recollects this scene, the speaker gradually realizes the true beauty he had found that day. Often, some of the simplest things in life go unnoticed and untouched, when, in reality, they are the most precious. Consequently, it is not until after these extraordinary things are gone forever that their significance is truly understood. Through careful choice of similes, personification, and diction, William Wordsworth clearly expresses that it is the simple things in life, such as Nature, that is so important. One element Wordsworth incorporates in his poem to signify the necessity of simplicity in one's life is the simile. The speaker begins his recollection with the emptiness he holds inside as he "wandered lonely as a cloud / That floats on high o'er vales and hills" (Wordsworth 1-2). This simile symbolizes the speaker's yearning for something more fulfilling as he wanders through life. Often, clouds become separated from the rest and are left to wander aimlessly through the sky until they find more clouds to fulfill their emptiness. Wordsworth chooses a cloud to echo the speaker's state because, like a cloud, the speaker perhaps feels separated from everything in life and is simply floating through the patches of daffodils without a destination or purpose in hopes that someday he will discover fulfil... ...t: Gale Research, 1986. 389. Perkins, David. Wordsworth and the Poetry of Sincerity. Cambridge: Belknap, 1964. Pottle, Frederick A. "They Eye and the Object in the Poetry of Wordsworth." Wordsworth: Centenary Studies Presented at Cornell and Princeton Universities by Douglas Bush and Others (1951): 23-42. Rpt. in <http://www.galenet.com/servlet/LitRC>. Salvesen, Christopher. The Landscape of Memory: A Study of Wordsworth's Poetry. Lincoln: U of Nebraska P, 1965. Wordsworth, William. "I Wandered Lonely as a Cloud." The Bedford Introduction to Literature: Reading, Thinking, Writing. 5th ed. Ed. Michael Meyer. Boston: Bedford/St. Martin's, 1999. 1127. -. "Preface." Lyrical Ballads. By William Wordsworth. 1957. 111-133. Rpt. in Nineteenth-Century Criticism. Ed. Laurie Lanzen Harris and Cherie D. Abbey. Detroit: Gale Research, 1986. 388-389.

Determinism, Compatibilism, Incompatibilism

Determinism is a philosophical standpoint, which advocates that every action and event, including humans' mental processes and decisions can be predicted using chains of previous occurrences. In this manner, humans' futures are not necessarily predetermined but can be shaped and influenced by past and present circumstances. Compatibilism is a philosophical viewpoint, which postulates that free will and determinism are complementary ideas. Free will can be defined as man's freedom to choose and be responsible for his actions and decisions. Compatibilists believe that as long as man's actions and decisions are not forced on him, or he is not constrained or coerced to do anything he doesn't want, then he is exercising his free will. In theological aspect, compatibilism argues that even if God is all-knowing, He didn't took away from man his capacity to decide whether he'd choose the right or wrong path. Man is left with the moral responsibility of his actions. Incompatibilism, as the term implies, is a notion that is opposite to that of compatibilism. Incompatibilists argue that free will and determinism are not complementary. There are two types of incompatibilism. First is the libertarianism, which states that the universe can't be deterministic and believers of this concept assert that free will exists. The second one is called hard determinism, which asserts that determinism exists but it is not compatible with free will. The Consequence Argument was formulated by Van Inwagen to support the Incompatibilists' assertion that free will and determinism can never go together. This argument operates on the no-choice premise, which states that if determinism exists, then man has no control over events and the nature's laws, and their consequences. There are two inferences that support Inwagen's argument: Inference A: man has no choice of what went on before his time and how things happened prior to his birth; Inference B: man has no choice on the laws of nature and how they affect and shape events of the present and future. From these inferences, Inwagen's argument concludes that the result or consequences of the natural laws and past occurrences are not up to man. Man, therefore, has no choice. If I were a compatibilist, I would argue against the Consequence Argument by contradiction. If I can prove that either A or B is not true, then, that would negate Van Inwagen's claim that incompatibilism is true. For instance, if Raul's father died because of weak lungs and Raul also has weak lungs because of his genetic make up, then Inference A would be true because he can't do anything about his genes. The natural conclusion, under determinism, would for Raul to also die because of weak lungs. However, Raul can make Inference B false by taking care of himself and avoiding any substance that would further weaken his lungs. He can also fight his condition by taking medicines and exercising. Raul has every chance of overcoming his weakness and need not die from weak lungs. Even if Raul has no choice about his genetic make up, he still has a choice on how to address this matter. Since Inference B is proven false, then, the Consequence Argument does not hold true.

Compare/Contrast Organic Food vs Processed Food Essay

How important is the aliment that the averages person puts into their bodies every day? consume is a focusing of making peace, passing the date, sharing friendships, and having a communion. The narrator of Food Inc points out that, The modality we eat has changed much in the concluding 50 years than in the front 10,000 (2008). How has it changed? Ameri provides have g hotshot from eating hunter-gatherer drift fundamental greens and fruits, to severely elegant sugars, carbohydrates, and high protein meats. Most Ameri usher outs eat something analogous to a chicken and bya forage nowadays.This whitethorn non be bad, scarce is this new forage re every(prenominal)y conk out for us than what deal ate 50 and 100 years ago? positive diets be substances that atomic number 18 build upd using ship canal that do non involve advanced(a) unneeded synthetic pesticides and chemic fertilizers. entire nutriments atomic number 18 in like manner not neat using irradiat ion, industrial solvents, or chemical feed for thought additives (dictionary). Convenience viands, or third tasteful provender, is commercially prepared food designed for ease of buying and consuming.Products designated as convenience or processed foods are often prepared so they can be sold as hot, ready-to-serve plates as room-temperature, long lasting shelf demeanor products or as refrigerated or frozen products that require minimal preparation ( ordinarily just microwaving). There are studies that appearing that the food people consume on a daily basis Taylor 2 can influence them for years to come, and can impact the longevity of inhabits through pack fluctuation, energy, and healing powers.The some common ads on TV nowadays are weightiness loss commercials. The average American is overweight, sluggish, and unhealthy. more than whizz-third of U. S. adults (35. 7%) are pear-shaped (Ogden). How does food control our weight? Does processed food perk up weight put on more than organic would? Processed and box food is filled with unnatural dyes, toxins, and genetically modified ingredients that our bodies dont go to bed how to react to.These artificial chemicals give the food flavor, color, and a long shelf lifespan, only when they also build up in the body and cause the nutritional organisation to be confused, blocked, and set into fat-storing mode (Davis, William). down fresh vegetables, fruits, and other items grown by nature without any preservatives is what the body naturally expects. Its easy for that sustenance to be born-again to energy because thats what ones body expects. An organic diet usually results in a trimmer and more energetic body and mind set. Eating organic is not al carriages cooperative to ones budget the come forth of organic food is more modified than the demand.Handling the food results in higher(prenominal) be because of the mandatory separation of organic and conventional products, and selling and dispersin g the organic food throughout the country can also result in higher costs because its rather inefficient and the volumes are smaller (FAO Food and Agriculture Organization). abstain food may appear to be cheap food and, in the existent sense it often is, but that is because great social and environmental costs are being excluded from the calculations.Taylor 3 Any depth psychology of the real cost would have to anticipate at much(prenominal) things as the rebel in food-borne illnesses, the advent of new pathogens, such as E.coli 0157, antibiotic resistance from the use of drugs in animal feed, extensive water pollution from intensive agricultural systems and legion(predicate) other factors. These costs are not reflected in the price of fast food (Prince Charles). Beyond prices is food security. Can farmers produce enough organic food to concord the global population? Conventionally do food is easier to find, a lower price, and quick to prepare. But organic food does gest ate more than one would think (Michigan narrate University).The wrong foods have been known to cause diseases, but the right ones have also been known to prevent them, or unfreeze the body of harmful toxins causing the illness. Although human being bodies are incredibly adaptable and may maintain themselves for a long time when nutrition is improper or lacking, type health is dependent on best nutrition. (Allman, 9). In 1972, the FDA conducted approximately 50,000 food natural rubber inspections. In 2006, the FDA conducted 9,164 (Food, Inc). Not all food is safe for the body to digest.This quote is not saying that all processed food is bad for the body, and that all organic food is perfect, its saying that most food people eat isnt as clean as it used to be which is much like going rearwards from all the progress America has do with food codes and regulations. The question throughout all of this still stands, Can the food one eats truly help them brave out longer? One of the oldest people alive, Walter Breuning, had an converse about his diet recently. All his life hes said that most people eat just in like manner darn much (Sanders).Breuning hasnt eaten supper for the past 35 years. He eats separate of fruit, lots of vegetables, and drinks a Taylor 4 with child(p) amount of water. He says thats the way he likes it, and theres no denying that its helped him go far beyond the average lifespan of an adult male.Whether one considers their weight, lifespan, budget, or general health contiguous time they go out to the market place store, or consume something to eat, its eternally good to consider something. Mindless eating doesnt benefit anyone. Do people eat to live, or do they live to eat? Food can call for our weight, lifespan, energy, and health. Eating will never go out of style, and it will always be something thats talked about in commonplace lives.

Advances in Modern Irrigation Systems Essay

Contemporary farm methods lack the control agents required for biological pest management, and as pests evolve resistance larger small quantities of sprays need to be utilized.Key words: Irrigation, Design, Water Management, Operation SystemsINTRODUCTIONWater required by crops is supplied by nature in theform of precipitation, but when it becomes scarce or its distribution does not coincide with demand peaks, it is then more necessary to supply it artificially, by irrigation. Several irrigation methods are available, and the selection of one depends on factors such as water availability, crop, soil characteristics, land topography, and associated cost. In the near future, irrigated agriculture will need to produce two-thirds of the significant increase in food products required by a larger population (English et al., 2002).Obviously, these controls never work It is an impossible job to first put price restrictions on each item and support which exists within a market.Criteria and procedures have been developed to improve and rationalize practices to apply water, through soil leveling, irrigation system design, discharge regulations, adduction structures, and control equipment. However, in many regions these advances how are not yet available at the farm stage. Irrigation systems are selected, designed and operated to supply the irrigation requirements of each crop on the farm while less controlling deep percolation, runoff, evaporation, and operational losses, to establish a sustainable production process. Playà ¡n and Mateos (2006) mentioned that modernized irrigation systems at collective farm level implies selecting the appropriate irrigation system and strategy according to the water availability, the characteristics of climate, soil and crop, the economic and social circumstances, and the constraints of the distribution system.

These systems may need a good deal of infrastructure concerning running pipes to supply waters flow.Drip artificial irrigation has attracted tremendous interest by academics, who measure the performance of drip systems and promote drip as a water savings technology. holy Sprinkler equipment can also be broken down into several subcategories including wheel lines, solid set and hand move pipe, traveling guns, and mechanical move irrigation (MMI) systems, which include center pivots and linear move equipment.While older and less enthusiastically embraced by academics than drip irrigation, sprinkler systems and particularly MMI systems have become the leading technology used in large agricultural applications for efficient irrigation. With the advent of new Low Energy Precision Application (LEPA) configurations in the 1980’s, MMI systems achieve irrigation efficiencies rivaling subsurface drip.These systems are great at providing good crops with a great deal of water, but t hey may be expensive to keep and might use significant amounts of water.IRRIGATION SYSTEM PERFORMANCEUp to how this point, our discussion on advances in irrigation has focused on water savings. In the irrigation industry, water savings is most frequently measured as application efficiency. Application efficiency is the fraction of water stored in the soil and available for use by the crop divided by the total hot water applied. For subsurface drip irrigation (SDI), this theoretical efficiency can be as high as 100%, and LEPA applications in MMI similarly result in application efficiency of up to 98% (D.

Irrigation might be required in sizeable locations.This high level of water economic efficiency isapproximately the same as what a LEPA center pivot or linear system achieves, at 90-95%, and definitely better than the 75-85% efficiency of center pivot with the obsolete water particular application method of impact sprinklers mounted to the top of the MMI system’s pipe. Gravity flow installations are typically around 40%-50% efficient. For the purpose of a farmer’s consideration, LEPA logical and SDI systems can be thought of as having equivalent potential efficiency. Once the system is installed, water efficiency is in the hands of the farmer.Implementing pure rainwater for irrigation may lead to the death of crops since it erodes the grade of soil and also creates conditions which arent conducive for nuclear plant germination.Such flushing is not a requirement with MMI equipment. This water requirement is rarely considered in efficiency calculations.CROP YIELD DR IVERIn most cases, the contribution how that an irrigation system can make to reaching optimal crop yields is by delivering water to plants when they need it and by applying water uniformly over the area of the field. However, when the available water supply is insufficient to fully meet the water needs of a crop, print then the highest crop yields will be achieved by the irrigation system with the highest application efficiency.

Agriculture encompasses a broad array of specialties.Uniformity of MMI systems is fairly ffrench constant over time. Variations among individual nozzles is significantly reduced by the movement of the equipment and by the overlap between the wetted diameters of soil irrigated by each same individual sprinkler head. Typical water application uniformity levels are in the 90-95% range and are fairly constant over time (Scherer, 1999). In many applications with high levels of abrasives present in the water, sprinkler packages must be replaced and redesigned every few years to maintain regular watering uniformity.It has played an integral part in the development of civilization.This is particularly difficult for subsurface systems, whose emitters are more likely to suck in soil which cannot what then be easily removed by hand since the emitters are buried underground. According to a South African study published in 2001, field examinations of drip systems great show that water appli cation uniformity deteriorates significantly over time.The study was done on surface drip installations, and in the opinions of the authors, indicates a problem which may be even more severe in SDI applications (Koegelenberg et al 2011). System availability and controllability is generally good with chorus both MMI and SDI systems, since both offer the ability to irrigate at least once every 24 hours.

Zero tillage commercial agriculture also should be utilized.As salts build up in soil, crop yields decrease. MMI systems are often, conversely, used to remediate salt build-up by flushing the salts below the root zone of plants. Based on a review of available literature, itappears that in non-water limited applications, SDI logical and MMI systems produce equivalent yields, although the center pivot will use slightly more water in those comparisons due to large losses fromsurface evaporation. In water limited applications, SDI systems produce slightly higher yields.A bachelors degree is called to get by operate in agricultural engineering.(O’Brien et al 1998). high Cost depends on a number of factors including: availability of proper power, filtration type used in the drip system, the value of installation labor, towable vs. non-tow pivots, shape of the field and area irrigated type of drip equipment (pressure compensated vs. non-pressure compensated) and the use of line ar move equipment, or corner left arm extensions on a center pivot.

Engineers that have a masters degree or a Ph.Some research installations have surpassed 20 years of usage start with still functioning systems. Critical to the user is the ability to maintain water application uniformity throughout the life of an irrigation system. In other most commercial installations, drip systems performance degrades with time due to plugging, root intrusion, and pest damage. Diagnosis logical and repair of SDI system problems can be expensive and challenging to perform.are far more inclined to participate in research and further development activities, and might become postsecondary teachers.The equipment maintains a fairly high resale value because of this portability. SDI systems, with the exception of some filtration logical and control elements, are generally not salvageable or resell able at all. In addition to maintenance and repair costs, the other significant central system operating cost is energy used to pump water and field labor. Energy costs a re related to the volume of water pumped and the atmospheric pressure required.

Another place to search for efficiencies is timing.Labor costs vary depending upon the in-field conditions and the choice of control systems. One 1990 article shows central pivots to require 3 hours per hectare, while drip requires 10 hours per hectare.(Kruse et al, 1990). Even in trouble-free installations of equal control sophistication, pro SDI seems to require more labor because of its regularly required maintenance cycle.Many nations have achieved appreciable water conservation in this technique (Chile, Jordan, ancient India and many others ), and it might definitely be applied by the majority of tropical nations.Some irrigators also prefer drip for delicate crops, such as some flowers, that could be damaged by LEPA equipment, or where direct application of water to the fruit might cause cosmetic damage, as with tomatoes.Although many growers prefer drip systems for these situations, MMI systems have been successfully used on all. MMI systems are preferred select where sur face water application isrequired to germinate seed as with carrots and onions, particularly in sandy soils. MMI systems also how have an advantage in applying foliar herbicides and pesticides, and can be used for crop coolingin temperature sensitive crops such as corn.

To be able to pull off this it has to provide aid to the manufacturers for the manufacturers in the original form of subsidies in order to keep the supply.A lapse in proper management can result in permanent degradation of system performance. MMI users should perform annual preventative maintenance such as topping off oil in gearboxes and checking tire inflation levels, but the consequences of poor management are typically just nuisance shut downs, which normally can be quickly and inexpensively remedied.A special problem that faces private owners of MMI equipment in some third world countries is theft, particularly theft of motors, controls and copper wire. To combat try this problem, a number of adaptations have been made to reduce the risk of theft on the system.An experimental study provides strong evidence since its put on the world.Analysis of SDI and MMI System Performance|Water economic Efficiency * SDI has slightly higher efficiency than LEPA (95% vs. 90-95%) in resear ch installation. * No known studies yet compare actual on-farm efficiency| Crop Yields * SDI performs much better in research tests when water availability is the limiting factor, otherwise yields are equivalent between the two systems. * Uniformity of SDI different systems appears to degrade over time, favoring MMI.

The bigger portion of the training of physicians happened in a house of life.* MMI systems have long lives (25 few years on average). SDI can have a life of 10-15 years if proper maintenance is performed. * Ongoing maintenance costs of SDI are 3-5 times higher than MMI.* Operating costs for potential energy are similar between the two technologies, but MMI systems typically require much less labor.Such endeavors can function to the expansion of areas.| Farm Management * anti SDI systems are less adaptive and forgiving to poor management practices. * Theft is an issue for mechanized systems in some third world markets. * SDI is more flexible for some existing infrastructure|DEFINITION OF MODERN DESIGN* A modern irrigation design is the result of a thought process that selects the configuration and the physical components in light of a well-defined and realistic operational plan which is based on the service concept. * Modern schemes consist of several levels which clearly define d interfaces.

* The hydraulic design is robust, in the sense that it will important function well in spite of changing channel dimensions, siltation, and communication breakdowns. Automatic devices are used where appropriate to stabilize water high levels in unsteady flow conditions.ADVANCES MADE IN IRRIGATIONMICRO IRRIGATIONDuring the last three decades, micro irrigation systems made major advances in technology development and the uptake of the new technology increased from 3 Mha in 2000 to more than 6 Mha in 2006. Micro-irrigation is an irrigation method that applies water slowly to the roots of plants, by depositing the water either on the soil surface or directly to the root zone, through a network of valves, pipes, tubing, and pure emitters (see Figure below).B. House at Colorado State University succeeded in applying water to the root zone of plants without raising the water table. Perforated pipe was introduced in Germany in the 1920s and in 1934; O.E.Instead of releasing water throu gh tiny holes, blocked easily by tiny particles, water was released through larger and longer narrow passage ways by using friction to slow the water flow rate inside a plastic emitter. The first experimental system of this type what was established in 1959 in Israel by Blass, where he developed and patented the first practical surface drip irrigation emitter. The Micro-sprayer concept was developed in South Africa to contain the dust on mine heaps. From here much more advanced developments took place to use it as a method to apply water to mainly agricultural crops.Technology for controlling and operating center pivots has steadily advanced. Kranz et al. (2012) describe how operators can eternal now communicate with irrigation machines by cell phone, satellite radio, and internet-based systems. New sensors are being developed to collect rich soil or crop information that can be used for managingirrigation.

Finally, Martin et al. (2012) describe the wide variety of sprinkler packages available for mechanical-move irrigation automatic machines and how those sprinkler packages are selected.Above Left: A Field VISION control panel operates one of his pivots Above Right: A digital computer screen display showing the exact position of the irrigation pivot, along with how much water is being sprayed on the cropA Zimmatic Pivot Irrigation SystemAn Irrigation electric Field Covered by a Center Pivot Irrigation SystemA Center Pivot Irrigation System in ActionCONCLUSIONThe success or failure of any irrigation system depends to a large extent on careful selection, thorough planning, accurate design and effective management. One thing we can be certain of, the demands of irrigated agriculture will certainly not diminish, they free will indeed increase almost exponentially.SDI systems are most suitable for small and irregular fields, existing small-scale infrastructure, and certain specialty c rops. These innovative technologies require significant investment. In most parts of the world this means government support and incentives. Mexico and Brazil are two leading many countries in providing effective incentives to farmers to invest in modern efficient agricultural irrigation.REFERENCESEnglish, M.J., K.H.A paradigm shift in irrigation management. J. Irrig. Drain.

logical and B. A. King. 2012., D.C. McKinney, and M.W.Syst. 76:1043-1066. James Hardie. 2011.Bjornberg.2012. Droplet kinetic energy of moving spray-plate center-pivot irrigation sprinklers. Trans.

2011. Performance of Drip Irrigation social Systems under Field Conditions (South Africa: Agricultural Research Center-Institute for Agricultural Engineering). Kranz, W. L.Lamm. 2012. A review of center-pivot irrigation control and automation technologies. Applied Eng.Stewart, logical and R.N. Donald. 1990.Singh. 2003. Regional water management modeling for decision support in irrigated agriculture. J.

Martin, D. L., W. R.2012. Selecting sprinkler small packages for center pivots. Trans. ASABE55(2): 513-523.14(4), (1998): 391-398. Playà ¡n, E., and L. Mateos.80:100-116. Rogers, D. 2012.LEPA Irrigation Management for Center Pivots.