Once Soundtrack free essay sample

There are many examples of beautiful works of musical art that fall through the cracks of the mainstream perspective. The soundtrack to the independent film â€Å"Once† is a prime example. However, this album won an Academy Award for Best Original Song and was nominated for two Grammy awards. Although it’s still not known in the mainstream, the fact that it won such honors is a good sign. The film starred Glen Hansard (of the Irish band The Frames) and Marketa Irglova. They are also the main contributors to the soundtrack. The majority of the songs feature both artists singing with a chemistry that isn’t often found between collaborators. Most of these songs were performed either by The Frames or Irglova and Hansard on an album before the movie. The music takes a simple front, but the  ­effect is a subtle and beautiful complexity. The soundtrack opens with the award-winning song â€Å"Falling Slowly,† with bittersweet yet hopeful strains. We will write a custom essay sample on Once Soundtrack or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page These feelings permeate most of the disk. The rising and falling instrumentation match Hansard and Irglova’s vocals. The strength and confidence of Hansard’s voice meets with  ­Irglova’s fragility to make a wonderful contrast. Many of the gems of this album (â€Å"If You Want Me,† â€Å"The Hill,† and â€Å"Once†) feature these elements. The warmth and bittersweet aching quality of this album is apparent even in songs not performed by Irglova and Hansard. There is really only one song that might seem different to  ­listeners. â€Å"Broken Hearted Hoover Fixer Sucker Guy† has the potential to be distracting when not in the context of the film. However, this doesn’t detract from the overall charm. This is still one of the most consistently well executed albums of the past few years.

The Future of Human Computer Interface and Interactions

The Future of Human Computer Interface and Interactions Introduction The society today has completely changed due to technology. Technology is changing at a very rapid rate and with the changes come the need to adapt to them. Computer has changed the way human being does his activities (Beaureau 2008, p.36). Unlike before when most of the activities were done manually, computer has enabled automation of most of activities, especially in large companies.Advertising We will write a custom essay sample on The Future of Human Computer Interface and Interactions specifically for you for only $16.05 $11/page Learn More It is now possible for a manager to monitor activities taking place in a different company’s branch from where he or she is by use of computerized gadgets. Management and other duties have been redefined by introduction of the modern day gadgets that are computer controlled. The Future of Human Computer Interface and Interactions Human Computer Interface refers to the interactivity between compute r and people (Sutherland, Robertson and John 2009, p.49). Unlike other gadgets that do not communicate with the user, computer is the only tool that will have a direct communication with the user. This interactivity is made possible by both the software and the hardware. The user passes the communication by use hardware like mouse and keyboard and receives the communication through characters displayed on monitor, or through sound. However, this method of communication is only reliable to people who are not handicapped. People without hands and those that are mentally handicapped may not be in a position to operate the traditional computers properly (Rodgers and Streluk 2002, p.98). However, this may be changing very soon. Dr. Eric Leuthardt and a group of other scientist have developed a new computer interface that would accommodate the physically handicapped. This interface allows one to control the computer using the brain. The computer is programmed to read the mind and respond to the demands of that mind. By using the power of their thought, these physically handicapped individuals are able to control the cursor to issue commands to the computer. This interface will also benefit individuals with spinal code injuries or paralysis This invention is so sophisticated as in makes it possible for anyone to use this gadget regardless of the physical challenges that one may be having. Moreover, it comes with speed as the commands will be issued as soon as they come to the mind.Advertising Looking for essay on computer science? Let's see if we can help you! Get your first paper with 15% OFF Learn More When iPad was launched, everyone was asking what the next invention will be. A group of Australian scientist has come with a new invention that is very similar to that of iPad. It has the ability to read anything placed on it. This makes it very appropriate in places that require high level of security like in the airports or the five star hot els. It can also be of good use in places like supermarkets in the billing section. The future of human computer interface and interactivity is already here. Life is becoming easier with every technological invention. This has a positive impact both in the short and long run, especially in the field of entertainment and digital divide. Human being will also be able to delegate much of his duties to computers. A keener look into this phenomenon will reveal that in as much as these inventions are necessary and that they have positive impact on mankind, it is also true that they come at a cost. The effect of these sophisticated machines on the environment is adverse, especially when poorly disposed (Abbot 2001, p.79). These inventions will also impact negatively on culture, as life becomes what one wants, regardless of age. It is therefore necessary to take care as we embrace this technology. List of References Abbot, C 2001, ICT: Changing Education, New York, Routledge. Beaureau, B 20 08, Information and Communication Technology: The Industrial Revolution That Wasn’t, New York, Lulu. Rodgers, A, and Streluk, A 2002, ICT Key Stage 1, London, Nelson Thornes Ltd. Sutherland, R, Robertson, S and John, P 2009, Improving Classroom Learning with ICT, New York, Routledge.Advertising We will write a custom essay sample on The Future of Human Computer Interface and Interactions specifically for you for only $16.05 $11/page Learn More

What is Heathy Eating Essay Example | Topics and Well Written Essays - 2000 words

What is Heathy Eating - Essay Example Most people feed on everything and anything in the market without taking into consideration the effects that come along with these foods. Therefore, it is very important to eat healthy as there are many benefits related to a healthy diet. Many nutritionists and food experts have come up with ways to give information about healthy eating. Information is widely accessible in form of; books, talk shows, magazines, journals and programs. However, most people are ignorant and only take time to access this information when they are in need, especially in cases where one is sick. This should not be the case as healthy eating should be more of a routine to all for healthy living. People of all ages are to feed healthily. Healthy eating involves a variety of things to consume. Water is one of the major components of good diet. Nutritionists recommend eight to ten glasses of water per day for everyone. Water lacks calories and thus the body does not need to digest it, rather it absorbs and kee ps the body clean. It reduces sugar levels and washes off toxics found in the body. We all need water for the body to carry out its metabolic processes and other bodily processes. Other main aspects of healthy foods are vitamins, proteins and carbohydrates. Vitamins mainly include fruits and vegetables. Vegetables contain fiber that makes it easy for the body to digest bulk. Vegetables ought to be included on a daily basis. Examples of essential vegetables include spinach, carrots, lettuce, cabbages, cauliflower and broccoli. Fruits contain most of the vitamins required in the body. People need fruits daily as they too boost digestion of other foods. Examples of fruits include lemons, watermelons, pineapples and mangoes. Proteins are necessary for building the body. Most anorexic people suffer from lack of proteins. Therefore, it is vital for people to ensure there is protein in their diet for growth. Both animals and plants yield protein products. The main proteins recommended by f ood experts include beef, cheese, eggs, beans, peas, chicken and milk. Carbohydrates are the main source of energy in the body. The consumption of carbohydrates greatly contributes to the general energy amounts in the body. Examples of highly consumed carbohydrates include bread, maize, sugar, rice and pasta. A healthy diet includes three meals a day with water included. Nutritionists recommend a heavy breakfast inclusive of all the main types of food. This is because the body needs energy to run during the day’s activities. A glass of fresh juice or fruits, cereals, bread, needs to be part of people’s morning meal. The mid day meal needs to light to boost energy for the rest of the remaining hours of the day before dinner. Dinner includes foods that provide energy and nourishment and time taken being two to three hours before retiring to bed. Gottlieb, Robert, and Anupama Joshi. Food Justice. Cambridge, Mass: MIT Press, 2010. Print. This scholarly book attempts to por tray the path that has led to Americans eating fast foods instead of natural wholesome foods that are healthier. Just like most health books and journals, this book focuses on every individual and their eating culture. The book explains why most Americans eat junk and they feel bothered when the junk is not available. Convenience of these fast foods contributes to their wide market and high demand. People claim to be too busy to find time to shop for healthy foods and cook. The book also tells on how farmers who grow the healthy foods lack market as the whole society is turning to the fast food way of eating. The book fits in the topic of healthy eating because people actually know of the healthy foods but choose otherwise. Healthy eating is not common and everyone has the

Social Justice and Policies for Children Learning English Essay

Social Justice and Policies for Children Learning English - Essay Example Supporters of social justice like Nancy Fraser and John Rawls have formulated various approaches or theoretical perspectives of the core ideologies and processes of what comprises social justice. As regards to the relevance of social justice theories to education, Cribb and Gewirtz (2003) have developed one of the most valuable theoretical models, which explain three types of social justice - associational, cultural, and distributive. This paper focuses on the cultural aspect of social justice, particularly in relation to social inclusion policies for linguistic minority children learning English as an additional language in the UK. Cultural justice supports respect for or consideration of cultural diversity. Cribb and Gewirtz (2003) argue that this is an effective way to eliminate hindrances to social justice. Societies act in response to cultural differences in distinctive ways. Educational policies for the needs and demands of children belonging to cultural minority groups in the UK have changed since the immigration from earlier British colonial states in the 1950s. Language became the emphasis on educational policies for this progressing culturally diverse society in the UK with the Department of Education and Science’s (DES) (1963) English for Immigrants. This was the earliest key government programme into the English language instruction for children whose mother tongue was not English. The language requirements of the schools’ immigrant students were dealt with as regards the observed necessity to guarantee that their being there did not interrupt learning for the majority population who are white monolingual. The immigrant students’ cultural requirements were not tackled in official policy, a phenomenon that is experienced until now.

Theology of marriage Research Paper Example | Topics and Well Written Essays - 3000 words

Theology of marriage - Research Paper Example Theorists are of the opinion that it is marriage that paves the way towards the formation of the most primary institution of society i.e. family (Macionis, 2007). It is family that portrays the dynamic and colorful picture of strong bondage between its members and plays most imperative role in the nourishment, education and socialization of the individuals. In addition, the members of a family generally keep in touch with one another throughout their life and provide one another financial and moral support at the hour of need. The entire blessings of family life are completely dependent on marriage, without which there could be no concept of family altogether. Hence, the maxim ‘men make houses, women make homes’ also relies upon marriage for the accomplishment of the same. Since family is the basic unit of a social establishment, and a happy domestic life ensures peace and solidarity in society, psychologist theorists particularly lay stress upon the devising of a social system that could strive for the creation of strong ties between the spouses for the peace and harmony of society at large. The religious teachings and dogmatism also declare decline of social values and increase in the anarchical sate of affairs in the contemporary world as the outcome of disturbances in family life, and high increase of divorce rates, which pave the way towards tremendous increase in deviancies, perversion and committing crimes and offenses of various kinds.  ... Sociological Significance of Marriage: Another very prominent aspect of marriage phenomenon includes its great sociological significance in various aspects. Theorists are of the opinion that it is marriage that paves the way towards the formation of the most primary institution of society i.e. family (Macionis, 2007). It is family that portrays the dynamic and colorful picture of strong bondage between its members, and plays most imperative role in the nourishment, education and socialization of the individuals. In addition, the members of a family generally keep in touch with one another throughout their life, and provide one another financial and moral support at the hour of need. The entire blessings of family life are completely dependent of marriage, without which there could be no concept of family altogether. Hence, the maxim ‘men make houses, women make homes’ also relies upon marriage for the accomplishment of the same. Since family is the basic unit of a social establishment, and a happy domestic life ensures peace and solidarity in society, psychologist theorists particularly lay stress upon the devising of a social system that could strive for the creation of strong ties between the spouses for the peace and harmony of society at large. The religious teachings and dogmatism also declare decline of social values and increase in the anarchical sate of affairs in contemporary world as the outcome of disturbances in family life, and high increase of divorce rates, which pave the way towards tremendous increase in deviancies, perversion and committing of crimes and offences of various kinds. Family break-up and absence of father, according to Mendle et al. (2009), turn the girls insecure

Objective Of One Shot Coffee Shop Marketing Essay

Objective Of One Shot Coffee Shop Marketing Essay One Shot coffee shop is a new company that will be set at hotel royal queens at 12 queen street Singapore. The One Shot coffee shop provide the coffee and the comfortable environment for the customer, One Shot coffee shop will be a partnership company and will beginning operation on December 30,2012. President of One Shot coffee shop is Mr. Wang and the vice president of One Shot coffee shop is Mr. Kun, vice president has a 45% share of the company, and president has a 55% share of the company. President of the company also is a CEO of the coffee shop, the CEO Manager the employees, and the vice president in charge with the goods supply. The location of the One Shot coffee shop is established at hotel royal queens at 12 queen street Singapore, it is a century of Singapore, and the hotel also had a good sales, so it will take many customer to the One Shot coffee shop. 1.2The objective of One Shot coffee shop One Shot coffee shops objectives for the first year of  operations are: 1. Become selected as the Best New Coffee Bar in the area by the local restaurant guide. 2. Turn in profits from the first month of operations. 3. Maintain a 65% gross margin. 2.Vision and Mission 2.1 Vision A vision can be defined as an eye chart, sometimes also referred to as the Company in the picture, but it is so much more than this. Your vision statement is your inspiration, your strategic planning framework. An eye chart, can be applied to a single sector of the entire company or the company. Whether all or part of an organization, the eye chart to answer the question, Where we want to go? Become the leading branded coffee shops in the region to business casual, taking into account the mood of consumer. About three years to recover the total investment cost, and gradually began to profit. 2.2 Mission Mission statement is a statement of the purpose of company or organization its reason for existing. The mission statement should guide the actions of the organization. spell out its overall goal, provide a path, and guide decision-making. It provides the framework or context within which the companys strategies are formulated. Hill, Ch, Jones, G. (2008) To become a leader in this industry and provide a stable and reasonable income for the owners of the place for investment. (2) The successful completion of the construction and development of the stores, and gradually withdraw the investment capital. 3.Product and service Product and service are when a firm offer a mix of both products and services, in compare to the traditional focus on products. As define by a marketable set of products and services capable of jointly fulfilling a users need. largely motivated by the need on the part of traditionally oriented manufacturing firms to cope with changing market forces and the recognition that services in combination with products could provide higher profits than product alone.Face with shrink markets and increased commercialization of their products, those firms saw service provision as a new path toward profits and growth. 3.1The main product and service Cappuccino With less milk than a latte, cappuccino offers a stronger espresso flavor and a luxurious texture. To make it properly require more skill and attentiveness. Arguably the most important things is frothing the foam to velvety perfection as the milk steams something One Shot coffee shop barrister take great care to achieve . The milk mous tache that clings to your upper lip is proof weve made yours right. And we may say, you wear it well. Espresso Smooth and versatile Espresso Roast is the very heart and soul of One Shot. Its rich flavor, lingering aroma and caramel sweetness make it the perfect found for lattes, cappuccinos and all One Shot coffee shop espresso based beverages. But you can also enjoy it all by itself indeed, that might be the best way to discover its nuances. White Chocolate Mocha White chocolate fans will tell you they like it elegant, creamy taste. Its smooth subtle, is a perfect complement to a bolder taste. There is no bolder than we are rich, full-bodied espresso tastes. And it turns out, there is no better way to experience the decadent white chocolate, rather than in this delicious beverage. Caramel Macchia-to Scores of people are passionate devotees of the signature beverage. So bewitch are they, youd think it was any kinds of magical elixir. Well theres no hocus pock here. Well tell you exactly what goes into it: creamy vanilla flavored syrup, freshly steamed milk with a topping of velvety rich foam, one intense hit of One Shot Espresso roast, a finish of buttery caramel drizzle. okay, we take it back. It sounds like is magic to us. but it taste even better. Vanilla Latte There are many delicious ways to join espresso, but one of that couldnt be more classic is that Vanilla latte. Just need a few ingredient make up that favorite: One Shot Signature espresso. Creamy steamed milk and our classic vanillas syrup. Simple, .Satisfying always. 4.Industry summary and analysis 4.1PESTEL This sector examines in detail the external environment as well as the macroeconomic forces include the current issues such as the global financial crisis, inflation, etc. facing the coffee industry operates. In this case, an analysis and estimation of the main external environment factors to the One Shot coffee shop by using the PESTEL Analysis. Any analysis of the successes and failures facing a SME must understand the macro environment within which a SME operates (Barney and Hesterly, 2008). The PESTEL framework is designed to provide managers with an analytic-al tool to identify different macro-environment factors that may business strategies, and to assess what difference environmental factor may influence the business performance now or in future. The PESTEL framework include six types of important environment influences: political, economic social, technological, environmental and legal factors. These factors would not be seen as independent factor. Factor such as a technological advances may probably affect the social and economic conditions in different markets. 4.1.1Political factors The political factor is to what extent the government intervention in the economy. Specifically, political factors, such as tax policy, labor law, environmental law, trade restrictions, tariffs, and political stability. Political factors may also include goods and services, the government should provide or provided (merit goods), the government does not want (demerit goods or advantages of bads). In addition, governments have great influence in health, education, and a national infrastructure It is known that Singapore is a very stable country with low social risk, at the same time; the government of Singapore is encourage more and more tourists to Singapore, ;like the government building the casino in Singapore, the government also want more tourists come to Singapore. The government agencies in Singapore play a very active role in promoting Singapore as a global destination. Under the guidance of STB (Singapore tourism board) it takes majors to promote itself as a MICE destination. For such a good political factors let the business in Singapore get more benefit. Hence, the One Shot coffee shop may run its business stability and benefit its investment profitability under Singapores strong government policies. 4.1.2Legal factors Legal factors include discrimination law, consumer protection law, antitrust law, labor law, health and safety laws.These factors may affect the Companys operations, its cost, and the demand for its products. As Singapores law is very strict and the government will protect Intellectual property rights and doesnt allow other companies to infringe the copyright and intellectual property so it is very good for company to compete with each other fairly. For the One Shot coffee shop in Singapore its intellectual property rights had been protect under the Singapores legal. 4.1.3Economic factors Economic factors such as economic growth, interest rates, exchange rates and inflation rate. These factors have significant impact on the enterprise how it works, and make a decision. For example, interest rates affect the companys cost of capital, and therefore, the extent to which the business growth and expansion. Exchange rates affect the cost of export goods and the supply and price of imported goods in the economic Based on trade, economics (2011), Singapores per capita GDP (gross domestic product) is higher than most developed countries. In fact, with the economic development of Singapores economy diversified, open trade policies, international communication links, and attract multinational investment. Singapore is a vibrant economy, and its economy is heavily dependent on exports. From 2007 to 2010, 7.62% of the to enjoy average GDP growth. It enjoys a higher per capita income than most developed countries. February 14, 2007, the Singapore government announced that the annual economic growth of 7.9% in 2006, 7.7% higher than originally anticipated. Singapores unemployment rate was 2.2%, around February 20, 2009. As of August 7, 2010, Singapore is one of the worlds fastest growing economies, the growth rate was 17.9% in the first half of 2010. Singapore is a highly abundant natural resources. Have advanced the state of the infrastructure, including country hotels, roads, transport facilities, telecommunicate facilities, aviation services. One Shot coffee shop might be an opportunity in such a good condition. 4.1.4Social factors Social factors include the cultural aspects of health consciousness, population growth rate, age distribution, career attitudes and emphasis on the safety. Trend of social factors on the impact of the companys products and needs, the companys operations. For example, the aging of the population may mean a smaller, more willing workforce (thus increasing the cost of labor). In addition, the company may change to a different management strategy, in order to adapt to these social trends (such as to hire older workers). Social environment in SMEs is concerned about innovation, risk taking, and large-scale transformation to social problem solving (Kuratko, 2008). Singapore has a very vibrant cosmopolitan culture. It has a very strong education system. Everyone is comfortable with English. Along with business tourism opportunities it has great facilities for leisure activities such as state of the art shopping malls, casinos, resorts, restaurants etc. Thus it can be concluded that the social factors are very supportive for the coffee industry in Singapore. Singapore is considered as a very safe city. 4.1.5Technological factors Technical factors, including the technical aspects, such as R D activity, automation, technology incentives, technological change speed. They were able to determine the access threshold, the minimum efficient production level and influence outsourcing decisions. In addition, changes in technology will affect the cost, quality and lead to innovation. There is no doubt that the modern technology not only improves all the coffee equipments quality and productivity. but also accelerate the commercialization process of the coffee business. SMEs primarily face challenge of technologies in transportation, utility, health care, electrical, and computer industries. Technological forces can create new markets, reduce and eliminate cost barriers between businesses (David, 2009). Using a professional Espresso coffee machine made by Italian, never on the details of some coffee neglect. 4.1.6Environmental factors The environment factors such as the weather and climate change. The One Shot coffee shop will set hotel royal queens at 12 queen street Singapore. the weather and climate change doesnt affect One Shot coffee shop. 4.2SWOT Humphrey, Albert (December 2005). SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Limitations, Opportunities, and Threats are involved in one project or in a commercial venture. It involved specifying the objectives of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieve that objective. By using SWOT analysis can assist One Shot coffee shop to identify the internal weakness and external threats factors, then improve the performance and search the benefits from opportunities and counter the threats as well. 4.2.1STRENGTHS The freshest coffee. Now cook baked transported on a weekly basis, to ensure that the beans are in the peak of tasting The most rigorous training. Three months to six months rigorous training of professional coffee Daren implement the recipe from the coffee to the professional knowledge of coffee plus Leadership and Service concept, inject One Shot passion for each cup of coffee. The most professional and coffee.   A professional Espresso coffee machine of  Italian, never on the details of any coffee neglect. The most comfortable environment.   Most spacious seating space, with the tone of European art-style decor, and free wireless Internet service offers consumers the most comfortable and convenient dining environment The special location. In this hotel just have one coffee shop inside. 4.2.2WEAKNESSES Affected by the location, almost customers are the person who is live in this hotel. One Shot coffee shop is a new company, almost customer are like the Starbucks. 4.2.3OPPORTUNITIES An unfulfilled customer need. There is an opportunity to increase the customer base by advertising as well as developing the new products and services. The merger or other types of expansion strategy can be considered as the opportunities factors when this coffee shop business plan get to the stage of maturity. The coffee shop set in hotel industry is a new developing market. 4.2.4THREATS Price wars with competitors. Some of competitors strive to earn a higher market share by selling its products and services at a lower price. New entrants and cost: the threat of new entrants in the market is a critic elements. This is a growth factor in the development, but also the threat of new entrants,intense competition and rapid deployment in the target market. 4.3 Porters five forces The porters five forces model of competitive analysis is a widely used approach for developing strategies in many industries. Indeed, the five forces model can determine the kinds of competitive forces are the firm staffs facing and measure the force on how strong are there in different parts the company facing. The figure shows the porters five forces model of competition below. Porters five forces model of competition Threat of new entrants Bargaining power of buyers Bargaining power of suppliers Rivalry a mongst existing firms in the industry Threat of substitute products or services Porter Five force High Medium Low Competitive Rivalry à ¢Ã‹â€ Ã… ¡ Threats of New Entry à ¢Ã‹â€ Ã… ¡ Bargaining Power of Customers à ¢Ã‹â€ Ã… ¡ Bargaining Power of Suppliers à ¢Ã‹â€ Ã… ¡ Threats of substitution à ¢Ã‹â€ Ã… ¡ (Source: diagram created for this assignment) 4.3.1Threat of new entrants (high) The threat of new entrants is the threat of new competitors in the industry, existing competitors. A profitable industry realized profits will attract more competitors. If these new entrants is very easy to enter the market low barriers to entry the company has been a threat to competition in this market. More competitive while consumer demand increases or increase capacity which means less profit to go around. According to the power of one of Porters five forces model, the threat of new entrants, shape the competitive structure of an industry. Porters definition of the threat of new entrants, and completely changed the way people look at an industry competitive. Coffee shop is a low expensive shop , and One Shot coffee shop is a new brand in Singapore,the required investment is low. The major cost includes the real estate and coffee related equipments. Franchise is also an option that investment risks are low,Barriers to entry are low, thus the threat of new entrants are high due to low switch cost, and low capital requirements, and low restrictions. So the threat of new entrants is high. 4.3.2Threat of substitute products or services (high) The threat of substitute products or services: product substitutes and other products to perform the same or similar functions. Professor of microeconomics, more alternatives, the demand for the product becomes more elastic. The elasticity of demand is the consumer price sensitivity, which is equivalent to less certainty of profits. An attractive alternative to price the price of alternatives as the upper limit of the price of the underlying product. An attractive alternative behavior, depressed prices to reach its profit potential of the industry. Improved quality, alternatives alternatives quality is high, there are more and more pressure, the increase in the quality of the main product. Low switching costs passed on to consumers switching costs for consumers can come in the form of currency conversion costs cost or lifestyle. The monetary cost to the price of alternative products, and the cost of living is subjective, it is difficult to determine. In either case, more easily and lower cost is to switch to the alternative, the Alternate higher threat. Other substitutes tea, juice, soft drinks, alcohol and other coffee and non-coffee related drinks. given the sensitivity of consumers to price of coffee and a number of substitute available, the significance of the threat from substitutes is high. 4.3.3Bargaining power of suppliers (medium) Powerful bargaining power of suppliers, the seller and the buyer, the seller greater influence. This effect can be used to reduce the profit the buyer more favorable pricing, the limit product or service quality, or part of the cost is passed on to the buyer, the supplier is powerful. coffee is supplied by a variety of farms from South America or Africa. Third of all the coffee farms are less than one third. Industry main hedge position by diversifying those supplier portfolio. The power of suppliers is medium since there is a wide array of farmlands that supply specialty coffee beans, however, the farmers do supply a differentiated product. 4.3.4Bargaining power of buyers (Low) Porters five forces buyer bargaining power is consumer pressure, can play on the enterprise, allowing them to provide higher quality products and better customer service, lower prices. In the analysis of the bargaining power of buyers, industry analysis, from the sellers point of view. According to Porters five forces industry analysis framework, the buyer power of the forces shaping one of the competitive structure of an industry. The number of buyers in the industry is large, and their purchases are low volume. Industrys products, service and experience are differentiated.A cup of coffee does not represent a significant fraction a buyers cost of living. The buyers power is low because of that they lacked negotiation power and the ability to force down prices and pit competitors against each other. 4.3.5Rivalry among-st existing firms in the industry (Medium) Competitiveness increasingly competitive, when one or more competitors see an opportunity to grow, and competitors customers, or feel the need to attract more customers because of low profitability. Competition in the industrial competitiveness is an important issue, usually there will be many competitors are trying to carry out a sufficient rate of return on investment, profitability is generally low. Several competitors those who have already established a competitive advantage the profits of treason, but the more competitive competition means that the balance of payments, and generate enough cash to survive the struggle. Retaliation competitive competition intensified, the reaction of competitors, an aggressive strategy, with its own offensive or defensive strategy. This kind of competition is often the reasons for lower prices, competitors use a marginal contribution to the cost of administrative expenses. However, the competitiveness of the competition by fighting in advertising, product introduction and customer service. One Shot coffee shop is a coffee shop in the hotel ,The intensity of rivalry is medium because of the numerous competitor within the industry, despite it being a growing at 15% annually. On the other hand, there is no evidence of price or advertising wars within the industry. 5.Market strategy One Shot Cultures marketing strategy will be focused at getting new customer, retaining the exist customers, got customers to spend more or come back more often. Building a loyal customer base is a paramount importance since such customer core will not only generate most of the sales but also will provide favorable referrals. 5.1Competitive Edge One Shot culture, positioning itself as a unique coffee bar, its customers can not only enjoy the perfect coffee a cup, but also spent time in the surrounding environment. Comfortable sofas and chairs, dim lighting and quiet relaxing music will help customers relax from everyday stress, to distinguish single from incumbent competitors culture. 5.2Sales strategy The shooting cultural balistas the processing sales transactions. In order to speed up customer service, and at least two employees to provide services to customers of an employee, customer orders will be ready, the other employees will be taken care of sales transactions. All data will be recorded on the sales of computer point-of-sale terminal in the subsequent analysis for marketing purposes. In order to build its customer base, we will use the banner of a single culture and flyers, customer referrals with other businesses, communities and cross-promotional. At the same time, the customer retention program will be used to ensure that customers come back and spend more coffee. 5.3Marketing mix The Marketing mix is a common words that used to describe a various choices which the company must process the procedure of bringing a specific services or products to the market. Besides, it is also known as the four Ps which include the Price, Place, Product and Promotion. (Kamil et al 2009) 5.3.1Product strategy The product actually means that the service or product introduced by the company which offer to the customer of the target market. In this business plan, the product of One Shot coffee shop company is the services such as the pool lessons, the rental of One Shot coffee shop, and the snacks and beverage counter services. constantly developing new breakfast cereals the product element is the new product themself, setting the price right involved examining customer perception and rival products as well as costs of manufacture, promotion involved engaging in a range of promotional activities e.g. competitions, product tasting etc, 5.3.2Place strategy Marketing experts know that the best product in the world will never make an impact in the business world if no one can locate and obtain it. Keeping this simple, yet vital brick in the house of marketing, One Shot coffee shop gives careful consideration to the placement of its restaurant. Within that marketing research, It takes into consideration the population of a given part, major roadway in the vicinities of the proposed coffee shop site, traffic that passes by the coffee shop site, and the demographics of that area, as they know a great deal about One Shot customers. The place of One Shot coffee shop is in hotel royal queens at 12 queen street Singapore, in the hotel ,there is only had one coffee shop inside.so the place of One Shot coffee shop is a very good place, its in the central of Singapore. 5.3.3Pricing strategy Built in the right area, the people will come, but a good price does play a role, so that they come back. The single main content of the marketing strategy is one of the efficient pricing of their products. Understanding of the target market, including a large part of the family, they always need an affordable way to go out to dinner with their children, over the years a menu price, almost anyone can eat a lens, and enjoy quality meals without flowers a lot of money. What is really down the value of people enjoy single food, which is a big part of repeat customers, the best in the world price of products sold, if consumers do not think, what they buy. In fact, a single pointed out in their value menu in recent years, it provides a selection of menu items at a low price, this thoroughly. Other marketing concepts are integrated into the strategic value menu. Menu as the value of this project , to sell profitable products, this is a small loss leaders, if any profits are usually single cafe, coffee and soft drinks of your choice to accompany earnings, so that you have a a good price, but single cafe achieve the profitability. 5.3.4Promotion strategy One Shot coffee shop are still some basic promo gimmicks that most cafes should have like coffee mugs with your logo print on it. Travel mug is one of the most besought after item coffee junkies want. One Shot can sell these at shop or give it away on special occasion like your store open or yearly anniversary. One Shot coffee shop should also or have other standard promotional items such as shirts, key chains, tumblers, and note pads. If you want your promotion items to been seen more, offer things what people will really used outside the home like T- shirts, caps and visors, laptop bags, and backpack. For the high end market, One Shot coffee shop can sell CDs with a collection of music One shot coffee shop usually play at One Shot coffee shop Another method to market One Shot coffee shop business is by increasing One Shot coffee shop visibility online. Set-up a website where One Shot coffee shop can post materials related to the coffee business. One Shot coffee shop can also post announcements on One Shot coffee shop website for special offers and contests. Post One Shot coffee shop details on One Shot coffee shop site such as name, logo, location and telephone number. Add one page for suggestion, a forum and contact pages. Promote a special item on your menu on a week basis. One Shot product can be one coffee beverage, pastry or dessert. Announce the promotion on One Shot coffee shop site. Make One Shot coffee shop promo exciting and fun to encourage customers to come. One Shot coffee shop could have a contest like a coffee art contest wherein customers can create their own coffee art win prizes. Post the contest details and prizes on One Shot coffee shop website too. Prizes can be inexpensive like a free mug of coffee, coupon or free T-shirt with One Shot logo. Offering coffee charge cards is a very good idea. It is convenient for some staff and client. Instead of searching for coin and bill in their wallet or bag, customers can simply use a prepaid charge card to buy One Shot coffee. It is pretty convenient for customers who bought coffee daily. In other advantage is that One Shot get to sold more coffee in advance. 6.Management team and company structure This section of the business plan is essential information for investors and financial institution-it gives information about how your company is organized and who is in charge. This section is useful for relaying who accomplishes what tasks for the business, the business knowledge of the management team and the qualifications of the board . In this coffee shop Mr.Wang is the CEO, and Mr.Kun is the Chief Operating Officer,and one Chief Financial one Officer Chief Marketing Officer one Chief Technology Officer CEO may be able to set strategic, predict the future and control the budget, CEOs think about where the organization are going, the people and process need to get there, and how they will work in the current market. A COO handles a companys complex operational details. The companys COO insures the business can deliver day by day. COO figure out just what need to be measured so COO can tell if that things are going well. Then COOs team create the systems to track the measurement and take action when the company is not delivering. CFO will been busy figuring out that customers, business line and product is profitable, so the next year you can afford the really cool equipment. CMO owns the marketing strategyand that often includes the sales strategyand oversees its implement. The CMO will know or learn One Shot industry inside out and helps One Shot position One Shot product, differentiate it from your competitors products, enlist distributor, and make sure that customers are learn to crave One Shot product. CTO is a very important person in One Shot coffee shop, CTO need produce the coffee which one can make it more good. And at last we need 10 waiters, One Shot coffee shop must ensure that when a customer needs help always had one waiter in the side. 7. Operating planning It is describe one short term way of achieve milestones and explain how, or that portion . A strategic plan will set into operation when a given operational period, in the case in a commercial application, the fiscal year or another given budget term. One operational plan are the basis for, and testificatory for an annual operate budget request. Therefore, five year strategic plan need five operation plan fund by five operate budget. Operational plans should build the activity and budgets for every part of the organization for the next 1 to 3 years. One Shot link the strategic plan with the activity the organizations will deliver and the resources require to deliver their. An action plan drawn directly describe institutions and plan tasks and goals, plan objectives and plan activities of agencies and programs of strategic plan. 7.1 Clear objectives In fact, the objectives same as the Goals addressed at the beginning of this business plan, the details of the clear objectives summarized . The clear objectives of the One Shot coffee shop company Objectives Description Rent a venue approximate 5,000 square feet as the location of One Shot coffee shops business operation. Offer a custom-made coffee lessons. Provide in details the One Shot coffee shop companys first year projected profit and loss statement. Establish the working relationships with the hotel during the period of first operating year. Build a positive image and perception as well as enhance the One Shot coffee shops awareness to the public. (Source: diagram created for this assignment) 8.Risk Assessment Management Risk assessment is a step in a risk

Decision In Paradise Essay example -- decision paradise Business

Decisions in Paradise As stated in Decisions in Paradise I, Kava has struggled with many obstacles that have prevented this country from becoming a beautiful and a well- known paradise attraction. At this portion of the project, AJA Consulting Firm would like to continue our vision by establishing a greater presence in Kava. Critical thinking is an important part of the decision making process which is essential to ensure decisions are well thought out and possibly prevent individuals from making bad decisions or mistakes that could be costly and in some instances, deadly. No matter what kind of decision an individual makes critical thinking is a very useful tool. Our proposal will display critical thinking skills learned and present a portion of the nine step decision- making techniques to find possible solutions to those problems and how those solutions could affect the island of Kava. At this time, the stakeholders need information to make a sound judgment concerning the project. Several tools are available to gather statistics that will assist stakeholders in determining if the project risks are worth the investment. To start, an individual would need to know who the stakeholders are. A stakeholder may be defined as an individual who perceives themselves as someone having an interest in the actions of the organization such as customers, shareholders, employees, or members of a community. By identifying the stakeholders, the project planners can study the individual or group concerns through a stakeholder analysis. De Kluyver and Pearce state that a stakeholder analysis is "the process of identifying and prioritizing key stakeholders, assessing their needs and concerns, and incorporating their ide... ...king a problem through. The individual will have self gratification knowing that a decision was not made in haste and to know that all angles and possible avenues have been explored from understanding what point he is trying to convey. Learning to think critically can help an individual avoid buying into fallacies and limited thinking. When one applies critical thinking to the decision making process, one is less likely to end up making a poor decision. References De Kluyver, C., Pearce, J. (2006) What is strategy. Strategy: A View from the Top (An Executive Perspective) (pp. 1-14). Upper Saddle River, NJ: Prentice Hall Paul, R., & Elder, L. (2006). Critical Thinking: Tools for Taking Charge of Your Learning and Your Life (2nd ed.). Upper Saddle River, NJ: Prentice Hall.

Ifrs 10 Application to Hyundai and Kia

————————————————- ACCT333 Advanced Financial Accounting ————————————————- Group Project Assignment (IFRS 10) Cheong Wang Shen Gordon Prepared for: Prof Bernardine Low Prepared by: Gordon Cheong Wang Shen Jason Tan Zhu En Twain Teo Wei Ren Wee Huixiang (G4) Table of Contents Question 1: IFRS 10 flowchart3 Question 25 (a) Identifying ambiguity of control5 Background5 Control issues5 Co-owning of subsidiaries5 Inter-company director relations6 Same platform manufacturing6 b) & (c) Application of IFRS 10 flowchart to determine existence of control by Hyundai7 Step 1: Determine the purpose and design of investee (Kia)7 Step 2: Determine relevant activities7 Step 3: Determination of ability to direct relevant activities8 Step 4: Determine if exposed to variable returns9 Step 5: Determine if Hyundai is a principal or an agent10 Question 310 Identification of four requirements in IFRS 10 that are challenging to interpret and apply10 Considering the purpose and design of the investee10 Determining the relative size of voting rights11Considering related parties12 Determining if investor is a principal or agent12 References14 Question 1: IFRS 10 flowchart Question 2 (a) Identifying ambiguity of control Background The Hyundai Motor Company (hereafter referred to as Hyundai) is a multinational automaker based in Seoul, South Korea. Hyundai is one of the two best-known divisions of the global conglomerate Hyundai, the other being Hyundai Heavy Industries, the largest shipbuilder globally. A famous Korean businessman, Chung Ju-yung, founded Hyundai in 1974.Following the Asian Financial Crisis in 1997, Hyundai bought over Kia Motors Corporation (hereafter referred to as Kia) in 1998, which resulted in the formation of the Hyundai Kia Automotive Group (HKAG) . It consists of multiple affiliated companies related through complex shareholding agreements, although Hyundai is taken to be the de facto representative in transactions done with HKAG. During the acquisition of Kia in 1998, Hyundai out-bidded Ford motors to acquire 51% of the company’s shareholding. After a series of divestments over the years, the total ownership of Hyundai in Kia has been reduced to only 33. 5%. Hyundai and Kia are both listed individually on the Korean Stock Exchange. In 2008, Hyundai was ranked the 8th largest automaker in the world. It was also the fastest growing automaker globally for 2 consecutive years (2010 and 2011). The chairman and CEO of Hyundai is Chung Mong-koo, one of the surviving sons of Chung Ju-yung. Control issues Hyundai currently has a 33. 75% direct shareholding in Kia, with the remaining shareholdings being presumably widely dispersed. As such, it evidently has significant influence over the operations and running of Kia’s business.However, establishing direct control between Hyundai and Kia is not as straightforward. There are a number of issues that we have to look at. Co-owning of subsidiaries Hyundai and Kia co-own a large number of subsidiaries. As evidenced by the 2010 consolidated financials of Hyundai, the global branches of the Kia Motors Group are 100% held by Hyundai through Kia themselves. Both companies also have percentage ownership in Hyundai’s various component manufacturing companies like Hyundai HYSCO Company Limited and Hyundai Powertech Company Limited.Aside from this, they also have holdings in Autoever Systems Corporation, where their main Research and Development unit is located. Inter-company director relations The current Chairman and CEO of HMC is Chung Mong-koo. He took over Hyundai in 1992 when the Hyundai Group split into its various divisions. The Hyundai group itself follows a South Korean Business form of conglomerate known as chaebol, where the unique characteri stic is that it is usually a huge family controlled corporate group.As such, it is not surprising to see that many of the third generation members of Chung Ju-yung’s family are heading many of the different divisions of the Hyundai Group. Chung Mong-koo’s only son, Chung Eui-sun was a key operating officer in various corporate planning divisions in Hyundai-Kia before eventually heading Kia as its president from 2005 to 2009. Currently, he is the vice chairman of Hyundai and is on the internal board of directors for Kia. Aside from this, Chung Mong-koo also has a 5% shareholding in Kia. Same platform manufacturingBoth Hyundai and Kia co-own manufacturing subsidiaries that produce component parts to both companies. As a result, their production facilities get the similar component parts from the same suppliers. The companies also use the same power trains (engines and transmissions) all manufactured largely from the Hyundai Powertech Company Limited. A majority of the au tomobile electronic components from both brands also come from Hyundai MOBIS Limited. Both these companies are co-owned subsidiaries of Hyundai and Kia. Both Hyundai and Kia also share design studios.In fact, the vice president of design based in HMC actually oversees the design management of both brands. The family controlled heading of both Hyundai and Kia allows us to consider the possibility of Hyundai having a controlling influence over Kia, especially with Chung Eui-sun’s dual positions on both companies’ board of directors. Furthermore, given the fact that both companies virtually sprout from the same supply chain, and control over their research and development and design of the vehicles are headed by staff based in Hyundai, we can see hat these revenue generating activities greatly affect the business operations of both companies. Even though Kia is clearly not a subsidiary at first glance, given the meagre 33. 75% ownership by Hyundai, it would appear that Hy undai may be exerting more than just significant influence over Kia through the various factors mentioned. (b) & (c) Application of IFRS 10 flowchart to determine existence of control by Hyundai Step 1: Determine the purpose and design of investee (Kia) Hyundai purchased shares in Kia for 1. 18 trillion won in November 1998.The purpose of this acquisition in Kia is for Hyundai to gain significant foothold and widen its market share in the auto industry. By taking over Kia Motor, the Hyundai-Kia group was able to forge a solid position having over 70% of domestic market share and become the 7th or 8th global automaker by combining its affiliates’ production capacity into the total volume of 2. 9 million units in 1999. Step 2: Determine relevant activities Activities| Does it significantly affect investees’ returns –> relevant activities? | Example of decisions about relevant activities| How decisions about relevant activities are made? Research and development| Y es| Reduce the number of platforms to 718 by the end of 2005, in order to save the costs of product development and manufacturing and produce a variety of car models having differing external styling and interior options for the brands of Hyundai and Kia| Decisions are made by a joint R&D Division led by the Chief Technology Officer (for Hyundai and Kia combined)| Auto-assembly| Yes| Which type of vehicle that each plant should produce? Whether Hyundai and Kia should share power-train parts (i. e. engine and transmission) to be supplied to assembly plantsWhether Hyundai and Kia should share production technology| Decisions are made by top management of the Hyundai-Kia group, where the de facto representative is Hyundai| Auto parts supply| Yes| Which vendor should supply auto parts to the companies? How many vendors should they engage? | Decisions are made by Joint Material Handling Division that Hyundai and Kia set up| Marketing and competition| Yes| Whether to focus on price or non price competition such as customer service and product quality| Decisions are made by top management of the Hyundai-Kia group|Step 3: Determination of ability to direct relevant activities Hyundai owns 33. 75% of the shares in Kia Motors. In addition, Chung Eui-sun, the son of the Hyundai Motor Group Chairman, owns another 1. 73% of the shares. This presumably gives Hyundai control of 35. 48% of Kia Motors, which is significantly less than the 50% shareholding that would give Hyundai the majority of the voting rights. However, we are unable to find any evidence that anyone has control of a large proportion of the remaining shares, and thus we feel that the assumption that the rest of the shares in Kia are highly dispersed is a reasonable one.If that is the case, then it is almost impossible that all these shareholders will collectively outvote Hyundai when a decision needs to be made, so Hyundai can be said to have power over the relevant activities. Another factor to consider is t hat Mr Chung is both the vice chairman of Hyundai and an internal director of Kia. As Mr Chung sits on Kia’s board, he should have a certain amount of influence over Kia’s decision-making process. This factor, coupled with Hyundai’s holding of voting rights, lend much weight to the claim that Hyundai can direct the relevant activities.Last but not least, we notice from the table above that the Hyundai and Kia managements jointly make most decisions regarding relevant activities. In fact, Hyundai and Kia share almost the same supply chain. Many companies in the supply chain are subsidiaries or associates co-owned by these two parents. However, because Hyundai owns a larger portion of shares, and hence voting rights, in most of these entities, Kia is understandably at risk if it goes all out to oppose Hyundai in some way or another.It can be seen that when decisions are made, Hyundai is better represented because of both the presence of its management and its voti ng rights, and Kia would tend to concede ground to Hyundai when there are disagreements. So, even though Hyundai owns less than 50% of the shareholding in Kia, they probably still have enough power to direct the relevant activities. Step 4: Determine if exposed to variable returns If Hyundai has actual control of Kia, they will be exposed to returns, which can be positive, negative or both.Also these returns must be variable rather than fixed. The returns that Hyundai is exposed to can be classified into two categories: 1) Returns not available to other interest holders. This refers to cost savings and synergies that arise from Hyundai owning Kia, which other shareholders in Kia would not be entitled to. In this case, they are mostly in the form of cost savings, due to the similar operations of the two companies. Consolidation of R&D centres of Hyundai and Kia, sharing of R&D centres allowed both companies to lower costs by reducing number of employees in the R&D centres * Products share similar core platforms leads to savings and economies of scale * Sharing of factories leads to further specialisation, for example, Kia’s Kwangju plant was designated as a specialised assembly plant for small-sized commercial vehicles for both Hyundai and Kia, leading to cost reduction * Sharing auto-part suppliers to apply greater pressure on suppliers for cost savings on supplies 2) Dividends Kia paid out 96 billion won in dividends in 2010 * Hyundai’s ownership of common stock entitles them to receive dividends from Kia. Thus, it can be seen that Hyundai meets all our requirements that would allow it to classify Kia as a subsidiary. Our last step would be to ensure that Hyundai is acting in the capacity of a principal, rather than that of an agent, which is holding delegated power. Step 5: Determine if Hyundai is a principal or an agentIn determining whether Hyundai is acting as a principal or an agent, we need to consider four factors: 1) Scope of decision ma king authority * Unable to find information proving that Hyundai has any limits to the decisions it can make for Kia * Presumably, Hyundai can make most decisions for Kia 2) Rights held by other parties * No evidence of rights held by other parties 3) Exposure to variability of returns from investees * High cost savings due to economies of scale Many of Hyundai’s subsidiaries depend on Kia for revenue * Affected by dividends paid out by Kia 4) Remuneration * Almost solely dependent on dividends, which are highly variable * No actual fixed remuneration In consideration of all the four factors, Hyundai is most likely a principal and not an agent. Hence we can reasonably conclude, after thorough application of the framework, that Kia is a subsidiary of Hyundai. Question 3Identification of four requirements in IFRS 10 that are challenging to interpret and apply Considering the purpose and design of the investee Paragraph B5 of IFRS 10 explains that â€Å"when assessing control o f an investee, an investor shall consider the purpose and design of the investee in order to identify the relevant activities, how decisions about the relevant activities are made, who has the current ability to direct those activities and who receives returns from those activities†.Paragraphs B51-B53 then goes on to explain the factors to be considered when determining the purpose and design of the investee. However, IFRS 10 does not explain how the purpose and design of the investee can be used to â€Å"identify the relevant activities, how decisions about the relevant activities are made, who has the current ability to direct those activities and who receives returns from those activities†, which paragraph B5 suggested. A simplistic scenario is given in paragraph B6, whereby the investee is controlled by means of equity investments.Beyond this straightforward case, paragraph B7 directs readers back to the factors listed in B3 to determine control (relevant activities , ability to direct relevant activities, variable returns and ability to use power over investee to affect returns). Furthermore, the factors provided in paragraphs B51-B53 are hard to determine and require much professional judgment. For instance, paragraph B51 states that in the process of assessing the purpose and design, we â€Å"evaluate whether the transaction terms and features of the involvement (at investee’s inception) provide the investor with rights that are sufficient to give it power†.No conclusive elaboration is provided by IFRS 10, and it is uncertain whether being involved in the investee’s inception signifies control. This creates much ambiguity and inconsistent interpretation across firms. Rather than making it seem like an isolated step with little purpose, IFRS 10 should provide clearer guidance for the objective of determining the purpose and design of the investee. Clearer linkages, between the consideration of purpose and design of invest ee and the other factors to be considered when determining control, could also be provided to improve the flow of IFRS 10.Furthermore, more comprehensive and conclusive guidelines could be included to standardise the interpretation of the purpose and design of the investee. Determining the relative size of voting rights According to paragraph B42, an investor can consider the size of its holding of voting rights relative to the size and dispersion of other holdings of the other vote holders to determine whether its rights are sufficient to give it power. However, because relativity encompasses the use of personal judgement, this section may be open to manipulation.In Hyundai’s case, it holds around 35% of the voting rights, including those held by its vice chairman, Chung Eui-sun. If the rest of the voting rights are very widely dispersed, with nobody else holding more than 1%, Hyundai can say that it has control because it is very improbable that all the other parties will c ome together to collectively outvote Hyundai. On the other hand, Hyundai can also claim that there is still a possibility that the other shareholders will collectively vote against Hyundai if it introduces a policy that does not benefit them, so in that case, Hyundai does not have control.We notice that the voting structure remains the same, yet different interpretations can be derived. Paragraph B42 also says that other circumstances, such as voting patterns at previous shareholders’ meetings, can be considered, but it is hard to say if the historical patterns are able to predict the future. Shareholders might not have voted in previous meetings because there were no major decisions that affected them, but if Hyundai intends to propose something revolutionary, the voting situation will definitely change.IFRS 10 can provide more detailed guidance to ensure that this section is applied appropriately and consistently. For example, when determining how widely dispersed the rest of the voting rights are, an investor should consider only the next 10 largest shareholders. If their combined holding is larger than that of the investor, then the investor does not have control based on this requirement alone. When assessing previous voting patterns, the investor should only look at shareholders’ meetings where issues of similar impact were raised.If previous meetings did not encompass such issues, then the voting patterns for those meetings cannot be considered. Considering related parties Paragraph B18 states that an investor can consider whether the investee’s key management personnel are related parties of the investor when determining if the investor has the practical ability to direct relevant activities unilaterally. However, it does not specify how much influence the related parties must have over the investee, so this may not always be a good indicator of power.For example, Hyundai’s vice chairman, Chung Eui-sun, is also on Kiaâ€℠¢s internal board of directors. According to paragraph B18, this should provide evidence that Hyundai has power over Kia. But in order to determine whether Hyundai can direct relevant activities through Chung Eui-sun, we must also consider the amount of influence that he has over Kia’s decision-making process. Kia has 9 directors on its board, of whom two are also presidents in the company, so Chung Eui-sun may not always have his way. If the investor does not take this into consideration, then the determination of control would be flawed.In that sense, this requirement would be more complete if guidance on the influence commanded by related parties was given. Instead of only determining whether there are related parties in the investee’s governing bodies, the investor should also take into account the role and power of the related parties. If the related parties have the final say when it comes to decision-making over relevant activities, then this factor can conclusi vely determine that the investor has power. But if the related parties do not have the final say, then only a minimal weight should be placed on this factor.Determining if investor is a principal or agent Being able to determine if the investor is a principal or an agent is crucial to determining whether the investor has control over the investee. A principal would have power over the investee, but an agent would only have delegated power. Delegated power is held on behalf of a third party who ultimately controls the investee. The method prescribed in IFRS 10 for determining if a decision maker is an agent is the consideration of the factors listed in paragraph B60.Upon further elaboration of the factors, IFRS 10 provides certain cases where the investee is definitely a principal or an agent. For example, paragraph B70 states that â€Å"a decision maker cannot be an agent unless the conditions set out in paragraph B69 (a) and (b) are present. † However, if none of these extre me conditions are met, we must assume that we would have to take all five conditions into account when trying to decide if the investor is an agent. However, there is no prescription in IFRS 10 about how to consider these conditions.In a situation where some of the conditions point towards the investor being an agent and some point towards them being a principal, there is a certain amount of ambiguity in whether the investor should be classified as a principal or an agent. This gives the company some leeway in choosing the decision that would reflect a better financial position of the firm. This could lead to reduced accuracy of financial statements and less comparability among financial statements of different companies.To make this requirement easier to interpret and apply, IFRS 10 should clearly state the relative importance of each factor. For example, the factors which are given a higher relative importance would have a higher influence on whether the company is a principal or an agent, as compared to those with a lower importance. As such, in ambiguous cases, companies will know which factors should be considered first. Given this, all companies will have more similar definitions of principal/agent, thereby reducing the ambiguity and increasing comparability among different financial statements.References 1) Hyundai 2010 Annual Report http://worldwide. hyundai. com/company-overview/investor-relations/financial-information-Annual-Report-view. aspx? idx=13&&nCurPage=1&ListNum=11 2) Kia 2010 Annual Report http://www. kmcir. com/eng/library/annual. asp 3) Merger and Reconfiguring of Hyundai-Kia (Byoung-Hoon Lee, Sung Jae Cho) http://gerpisa. org/rencontre/9. rencontre/S13Lee-Cho. pdf 4) HYUNDAI MOTORS’ DE-CHAEBOLIZATION EFFECTS (Hyunjoong Jun) http://gerpisa. org/rencontre/9. rencontre/S13Jun. pdf

John Downe Essays

John Downe Essays John Downe Essay John Downe Essay John Downe In John Downe’s letter to his wife, he strategically establishes and develops ethos as well as pathos to convince her to join him in the United States with their children. Throughout the letter, Downe develops his credibility through his use of ethos which includes the repetition of â€Å"I. † â€Å"I have got a situation,† â€Å"I dined with him,† â€Å"I went into the market yesterday,† all progress towards the establishment of his plausibility in his wife’s eyes. He provides his wife with examples of the many positive situations he, himself has endured while being in the country of America. Downe hopes that his persuading words will convince her to emigrate with their children to America. â€Å"I know you will like America† is Downe’s primary hope and purpose for writing this persuasive letter. By describing all the things that he has been able to do in this country, â€Å"I can go into a store, and have as much brandy as I like to drink for three half-pence and all other spirits are in proportion,† Downe hopes that these credential words will be approved by his wife. His elaborations on the things he has managed to do in America are essentially used to provoke his wife’s interest in this country. These descriptions are used as reassurance for his wife to know of the great opportunities he has found in America but not back home in England. Downe believes this will strike his wife as another reason why she will enjoy her new life in America and compares their troublesome life in England to the great possibilities that can be accomplished in this new country. He explains, â€Å"this is a country where a man can stand as a man, and where he can enjoy the fruits of his own exertions, with rational liberty to its fullest extent†, hoping that his comparisons to the life in England and the life in America will evoke in his wife a sense of longing for this kind of living. Downe’s convincing words showing all of the achievements he has experienced in America lead his wife to want this same kind of exposure. Downe continues to expand on the things he has accomplished in America with his development of pathos through long, periodic sentences. He mentions that on the table there was â€Å"pudding, pyes, and fruit of all kind that was in season†¦Ã¢â‚¬  and â€Å"they do not think of locking the doors in this country† to assure his wife of the safety and prosperity of this country. He then goes on to acknowledge, with emotional appeal, that all he â€Å"wants now is to see you, and the dear children here, and then I shall be happy, and not before†. This is Downe’s development of pathos for the purpose of persuading and influencing his wife to make her decision much easier about emigrating to America with the children. He hopes to influence her decision by explaining how much better off they would be as a family, together in one country. Although he announces that he will only be happy if his family comes to America to live with him, Downe concludes that he does not â€Å"repent of coming† and he â€Å"would rather cross the Atlantic ten times than hear my children cry†. By his mentioning that he does not regret one bit coming to America, Downe hopes to display for his wife how great of a country America is. The pathos are purposefully placed there by Downe to show to his wife that although he has left his family, he would do it all over again just to live in the convenient country of America- hoping this will stir some kind of desire in his wife’s mind. Through his emotional words, Downe demonstrates that the travel to America is nothing compared to what this country holds in store for their family. Although he explains to his wife there will be â€Å"a few inconveniences in crossing the Atlantic†, in the end she will enjoy the United States of America. In the midst of his pathos, it is possible to conclude that Downe’s reason for leaving his family behind is to find opportunity for a new life, which America provides. Through his use of repetition and periodic sentences, John Downe develops credibility and emotional appeal. Through his repetition of â€Å"I†, he is able to bestow upon his wife a feeling of longing for the same freedom and prosperity he has gained when coming to America by showing her all of the things he has accomplished while living in this country. With Downe’s strategic pathos, he manages to convince his wife that all he wants for their family is wealth, health, and land- all of which can be found in America.

A Wise Decision Essays - Crime, Penology, Illinois, Brian Dugan

A Wise Decision Essays - Crime, Penology, Illinois, Brian Dugan A Wise Decision A Wise Delay Governor Ryans decision to suspend the death penalty is already starting to have a valuable impact on the rest of nation. Other states are starting to aid in Governor Ryans quest to improve death penalty systems. Last week, a representative from the state of Wisconsin, requested that President Clinton put a hold on executions until the federal death penalty system can be reviewed. Clinton is an avid supporter of the death penalty and only promised to consider it. Since 1973, eighty-five people have been released from death row in the federal system because of mis-verdicts. Twenty-one federal inmates still remain on death row. Juan Raoul Garza is one of these death row inmates. Despite the governments past mistakes, he is scheduled to be executed this year. President Clinton should think long and hard before reopening the federal death chamber. Because the federal justice system dose not do its job correctly, many innocent people may have or will die on death row. According to the article, A Federal Execution Moratorium-misconduct, unbelievably erroneous evidence and false testimony by jailhouse informants can and has lead to mistaken verdicts. Rolando Cruz is an excellent example of a terrible mistake made by the federal government. He was convicted of the 1983 rape and murder of ten-year-old Jeanine Nicarico, and put on death row. His freedom was suspended to him even after Brian Dugan came forth to admit his sole involvment in the murder. Cruz remained on death row while prosecutors try to prove Dugan was lying! DNA testing proved that Cruz was not the source of semen samples taken from Nicarico's body; however, Dugan was a perfect match. Cruz remained on death row. November 4, 1995, 12 years after his original arrest, Cruz was released. Not only did Cruz loose twelve prime years of his life; He almost lost his whole life. Judge Ronald Mehling said he released Cruz because the initial murder investigation was sloppy, very sloppy, and the government's case against Cruz was riddled with lies and mistakes. It is suggested in the article that a wise approach to this problem would be to appoint a commission to study the federal death penalty system. I am in agreement that Clinton must suspend the death penalty until the bugs in this system are totally irradiated. More states need to come forth to force Clinton to see that he needs to do more than think about suspending the death penalty. Taking innocent lives is wrong. no matter who or how powerful you are!

Travers and Newton-Francis articles Essay Example | Topics and Well Written Essays - 500 words

Travers and Newton-Francis articles - Essay Example The present paper illustrates the comparative study of the Travers and Newton-Francis articles. The Travers (2008) wrote a comparative article â€Å"Understanding Comparison in Criminal Justice Research† to elaborate the phenomenon, how comparative research is conducted in the criminal justice. In contrast, Newton (2009) wrote the article on â€Å"Criminal Justice Research and Practice: Diverse Voices from the Field† which was a review of the book of Miller’s collection edited by Susan L. Miller (2007). This article guides the students of sociology or criminal justice about their subject goal. The article size of Travers (2008) has an extended length and followed the methodology of sections and sub sections to explaining each idea in detail. The first section â€Å"Positivist and Interpretive Understandings of Comparison† of Travers’ article (2008) described philosophies of Positivism and interpretive methods for comprehending the comparison techniques, explanations, addressing and the challenges faced by interpretivists in criminal justice research. In the second section â€Å"Using Qualitative Methods to Explain Statistical Variation† Travers (2008) explained the method of using qualitative technique toward describing the quantitative facts in the criminal courts. This section also covered the problems and their solutions possibilities regarding such method. Section three â€Å"Taking Interpretivism Further: An Australian Case Study† demonstrated other interpretive practices of comparison using example of an Australian ethnographic case study and the examination methodology used by professionals. Final section â€Å"Conclusion: Toward a Different Understanding of Comparison† Travers (2008) concluded overall results which was drew from this article. On the contrary, the article size of Newton (2009) is precise, does not follow methodology of sub sections but explained the three parts of essay as carried in the

The Management of Navistar International Corporation Coursework

The Management of Navistar International Corporation - Coursework Example On the contrary, the MD&A of the Oshkosh Corporation does not contain the justification for the inclusion of the MD&A section of the organization’s annual financial report, rather going directly into giving the information related to the nature of the company and its operations. On the other hand, the MD&A section of the Oshkosh Corporation has provided a section titled general, under which all the operations and the products that the company is involved in producing and availing to the market, both locally and internationally, are explained (Oshkosh Corporation, 32). This is completely different from the organization of the MD&A for Navistar International Corporation, which goes directly into the executive summary section, which focuses on the previous targets and goals that the organization had set, and the achievements that the organization has made in relation to these goals and targets. The other notable point where the MD&A’s for these two organizations differ is in the presentation of the specific financial information associated with the direct benefit of the shareholders. The MD&A of the Oshkosh Corporation provides the information related to the Earnings per Share (EPS) for the financial year ending 2014, by declaring that the earnings per share for its shareholders in the full year of 2014 was $3.61, which was a notable increase in from the initial estimated range of $3.10 to $3.40 per share (Oshkosh Corporation, 32). This represents an increase in the actual EPS for the shareholders by $0.21 per share. The MD&A of the Oshkosh Corporation has also provided information related to the reinstated dividends to the shareholders, as well as the great milestone made by the company which managed to repurchase 8.3 million shares of Common Stock that served to increase the earning per share for the shareholders of this organization by $0.15 in 2014.