Piece inspired by ‘Of Mice and Men’ Essay

The sun was blazing down on the yard outside the barn. The group of men were playing a horse shoe tournament. Lennie was still sitting down on a barrel, watching the other guys play. In the distance he saw a man walking towards them with a trail of dust bellowing from his feet. It was Curly. Everyone went silent as he swaggered up to Slim. â€Å"Av, you seen my wife! † â€Å"No, she’s probably bunking up with the Nigger! † muttered Carlson. Everyone began to chuckle, Lennie didn’t hear what Carlson had said but he started to laugh so he wouldn’t stand out. He laughed so loud that in the end he did stand out. Curly stormed over to him, he had a menacing look on his face. Lennie stopped laughing immediately and began to hide his face. â€Å"What the hell you laughing at? † Curly asks as he looks down on Lennie. â€Å"Nu.. Nu.. Nothing† Stuttered Lennie. Everyone fell silent as Curly started to crack his knuckles in a fighting fashion. â€Å"Come on, you big bastard. Get up on your feet. No big son-of-a-bitch is gonna laugh at me. I’ll show you who’s yellow. † Curly yanks Lennie up on his feet and starts pummelling into his stomach and face. As Lennie is taking this beating he looks up and looks into Georges eyes. Everything starts slowing down in Lennie’s brain and all he can hear is George’s voice repeating â€Å"Get him Lennie. Don’t let him do it! † Slim rushes to George and says† The dirty little rat. I’ll get him myself. † â€Å"Wait a minute. Get him Lennie! † George shouts. Then the tables turn. Lennie grabs Curly by the shirt and lifts him high above the ground. Lennie is a blur and begins to bear hug Curly. Curly is totally refrained from doing anything to Lennie. Then all the men hear groaning noises coming from Curly. A loud yell cry comes from the mouth of Curly as the men hear his back breaking. Each spinal column crunching into each other. Everyone realises that it’s time to get Lennie off of Curly before he kills him. â€Å"Let go of him Lennie. Let go! † George screams as he jumps onto Lennie’s arms. â€Å"Let go of him Lennie. Let go. Slim, come and help me while the guy got no back left. As the men prize Lennie ofF he is still in a blur, he suddenly just drops Curly and runs onto a haystack crying†. You told me to George! † â€Å"I know I did Lennie, I know I did†,George whispers to Lennie as he sits and comforts him. Slim walks over to Curly who was lying on the floor having lots of short spasms in his back. â€Å"Looks like every bone in his back is bust† Slim says as he analysed Curly’s injury.

Adult Education and Training Essay

Abstract This paper work presents the summary of the most well known adult learning theory – Andragogy, explains how it accounts for the characteristics, patterns of learning, and motivation adopted by adult learners. Moreover, reflects on my own qualities and circumstance as an adult learner; critique the strengths and weaknesses of Andragogy. Key Words Andragogy, pedagogy, adult learning, education, training, adult learner, characteristics, motivation Introduction All these years, the specialized field of education has generated a number of models and theories of adult learning, included transformation learning theory, experiential learning theory, informal learning theory†¦etc. And the most important one with which to be familiar is Malcolm Knowles’ Andragogy. Andragogy was described as the â€Å"art and science to teaching adults to learn† (Knowles, Holton, & Swanson, 2005). It also interpreted the foundation and structure of adult learning, the concept of andragogy has been worldwide used in different times with different connotations and seem as a bible of adult education. Andragogy The notion of andragogy has been around for nearby two centuries. It originally formulated by a German teacher, Alexander Kapp, in 1833 (Nottingham Andragogy Group 1983). He used â€Å"andragogy† to describe education theory. Andragogy literally means â€Å"man leading†, which contrasted with pedagogy (Since andr- is Latin for â€Å"man†, peda is Latin for â€Å"child† and agogus is Latin for â€Å"leading†). And later on, couple educators had used the term of â€Å"andragogy† in their article. It included Rosenstock in 1921; Lindeman wrote â€Å"The Meaning of Adult Education† in 1926. The notion of â€Å"Andragogy† was well developed, widely discussed and used in 1980 by Malcolm Shepherd Knowles, a champion of andragogy. Knowles first introduced the concept of in the US in 1968. With his previous work on informal adult education, Knowles used those elements of process and setting to construct the shape and direction of adult e ducation. The concept he used to explain the theory of adult education was the notion of andragogy. â€Å"Malcolm Knowles, Informal adult education, self-direction and andragogy† (Jay-D Man, 2009). Knowles applied the idea of andragogy as the foundation of adult learning, he marked it as a new born technology which moderates the development and performance of adult learning. He posited six assumptions related to the adult learners: 1) Need to know, 2) self-concept, 3) experience, 4) readiness to learn, 5) orientation to learning , and 6) motivation to learn  (Knowles, 1980) Need to know â€Å"Adults want to know why they need to learn something before undertaking to learn it† (Knowles, 2005). Adults are realist, they want to find out what is the advantage and the loss before they make decision to do something. The â€Å"why†, â€Å"what†, â€Å"how†, â€Å"when†, â€Å"where† will first came to their mind before they making choices. For example: A man find he needs to improve his academy standard to get a promotion at work, which is â€Å"why† he wants to continue learning; he will choices a subject related to his present career to learn, he knows â€Å"what† he needs to learn and â€Å"what† is expected of him; in order to achieve his goal, he knows â€Å"how† he going to do and plan; beside works and take care his family, he needs to know â€Å"when† he studies; after conducts research, he knows â€Å"where† is a best place for his continuing learning. Self-Concept â€Å"Adults have a self-concept of being responsible for their own decisions, for their own lives† (Knowles, 1998). Adult learners are autonomous, they expect and enjoy independence, like to take control in everything and see themselves as self-directed. They don’t want adult educators use a pedagogical model to teach them. They think learning is a process of sharing with the teacher and one another, for example, they prefer interaction rather than formal subject issue. So teacher has responsibility to encourage and promote the process of self-direction. That is why Knowles emphasizes that adult educators must â€Å"make efforts to create learning experiences in which adults are helped to make the transition from dependent to self-directing learners† (Knowles, 1998). Experience For those adult learners, they are individual differences in their background, occupation, education standard, learning style, interests, goals and motivation will cause different experiences than youth when come into an educational activity (Knowles, 2005). Upon the adult learners’ prior experience, Knowles (1998) point out four paths that adult experience  learning: A wider range of individual differences will be established. Offer a richest resource for learning. Create deviation that can restrain, or sculpt new learning. Provide area for adults’ self-identity. Since the adult learners have many experiences, teacher must draw on learner experiences. Everyone in class could share their experiences through experiential techniques (simulations, group discussions, or problem-solving activities, etc). Moreover, sometime the adult learners may have more experience than the educator in some area. The communication and knowledge sharing will not only limit between instructor and student, also lead to 2 and 3 way interactions: between instructor and learner, learner and learner as well. Readiness to Learn Adults learn in order to cope effectively with real-life tasks. They normally come to class motivated, and ready to learn things they need to know. Knowles observes that â€Å"adults generally become ready to learn when their life situation creates a need to know† (Knowles, 2005). Anticipate the adults’ readiness to learn is very important in adult education, it determine how to proceed the training, and what strategies and activities should apply to meet a learner’s readiness. Surveys of learners prior to beginning a course, or some introduction course before the advanced courses are the ways to retrieve the material and aware the learner’s readiness. Orientation to learning Learning is a process of increasing competence to achieve full potential in life. According to Knowles, adults are problem-centered in their orientation to learning (Knowles, 2005). They prefer a problem solving orientation to learning (problem centered), rather than content-oriented. This orientation relates to their experience, task or problems in everyday situations. The sense of adults is that learning will allow them to execute task or deal with problems faced in life. When they confront real-life situation, they want to learn what will help them to contribute their  effectiveness, and they learn best in this status. Motivation Motivation is the last core of Andragogy assumption, but not the least. Knowles emphasizes the adult learner’s motivation can be blocked by training and education if neglect of adult learning principles (Knowles, 2005). â€Å"Adults tend to be more motivated toward learning that helps them solve problems in their livers or results in internal payoffs† (Knowles, 1998). Adult learners are responsive to some motivators. And normally those motivators can be divided into external (e.g., better job, higher salaries) and internal (e.g., desire of job satisfaction, self-esteem). And the andragogical model assumes adult learners tend to be more motived by the internal motivators than the external one. Implement Base on the six assumptions of Andragogy, let’s see how adult learners and educators began to implement the practical applications: Assumption Adult learner Educator Need to know Have a need to know what they expect to learn before investing time in a learning event Make sure that the learners know the aim, goal and purpose of training as early as they can. Self-concept Must uphold the concept of self-directing, responsible their own growing. Coach learners to find their needs and guide their own learning experience. Experience Come to a learning occasion with richest of experience and trade-off to contribute. Create and maintain a learning environment to build on and make use of learner’s experience. Readiness to learn Uphold a strong readiness to learn those things that they undertaking to learn. Ensure training relates directly to situations adult face in real-life task Orientation Dedicate their energy to learning things that help them cope with daily life  or solve a problem. Identify learner’s needs and interests, develop content based on the their needs. Motivation More responsive to internal motivators than external motivators. Create a safe learning environment and make sure the internal motivation will not blocked. Characteristics of Adult learners According to the Andragogy, Malcolm Knowles practiced a characterization of the defining features for adult learners, and shown as following: Adults have identifiable goal – they clearly understand what they need and know how to achieve their goal; Adults are independent – they are expect and enjoy independence, like to take control, and should allowed to express themselves freely; Adults have wealth of experience – need others to recognize their previous experience, including both positive and negative; Adults want immediate usefulness of their learning – they want to apply what they learn to solve and handle problems faced in their daily life; Adults fear to the educational process – normally graduated from school years and do not familiar with those process; Adults are hard to change – with their prior experience, their conducts become a habit, and some even though became their character already. Andragogy vs Pedagogy Since the Andragogy is a learning theory for adult learners, and which is contrast to Pedagogy. The following table summarizes the assumptions and processes of andragogy and pedagogy: Assumption / Processes Andragogy Pedagogy Need to know Clearly understand why they need to know before choose to learn. Only need to know what the teacher teaches. Self-concept Raise of self-directedness Dependency Experience Learners are a wealth resource for learning Tiny worth Readiness to learn Developed from life’s experience Directly related to age level and curriculum Orientation Problem centered Self centered Motivation Motivated by internal payoffs and curiosity Motivated by external incentives and punishment Time perspective Immediacy of application Postponed application Learning climate Interaction Respectful Informal Authority Competitive Formal Planning Mutual self-diagnosis By educator / instructor Formulation of objectives Mutual negotiation By educator / instructor Teaching strategies Experiential techniques Transmittal techniques Evaluation Mutual measurement of program By educator / instructor Barriers of learning Compare with children and teenagers, adult learners have different roles and many responsibilities in their daily life, they must balance against the demands of learning. Those responsibilities will cause barriers against their choice to return to school or participate in workplace training. Normally, those barriers can separated into three categories: 1) Attitudinal barriers; 2) Time and financial barriers; and 3) Education barriers. We need to identify those barriers and overcome them and take control of our own learning. Attitudinal barriers Knew already – People with â€Å"I already know† attitude to reject learning. He think it does not require training in that area, because he may already trained or thought himself had enough knowledge in that aspect. And properly people has this attitude are come with good education level; Previous experience – Generally people are used to learn in a traditional style, instructor teach with transmittal techniques. With this experience, they may feel the learning is irrelevant or boring, so they reject. Lacks of trust – Students attend a class with different backgrounds and goals. Do not trust the other participants will cause some of them do not participate actively in class for nervous and shy. Problems of motivation – people come to learn without initiative, they were forced to learn. Hard to motivate people if they don’t have own motivation. Time and financial barriers Lack of time – No matter the duration of a course, adults need to invest time to join it. They need to â€Å"sacrifice† from other activities and concern of its existence. Lack of money – Free training is minority. Therefore, money always is a main barrier to access adult education services. Family responsibilities – Caring for children, the obligation of accompany spouse, will cause shortage of study time. Organizing schedule – You need to change or sacrifice the study timetable because of the family and work responsibilities. Education barriers Too old to learn – Generally can be find in older and low education level people. The behaviour of reject learning is because they don’t familiar with the new technology or specialized languages, and their reaction time is often slow. Lack of confidence – Low self-esteem, past failures experience mark the adults, preventing them to overcome frustrations and fears. Reflection First of all, I would like to introduce myself, and the brief of my background are shown as below: Male, 42 years old, married with 2 children (12 Yrs & 7 Yrs). I’ve been serving the Hong Kong Police Force for 22 years, working in operational field but non-frontline. Besides operation planning, I’m also involved in a â€Å"Diploma in Police Search & Venue Security Programme†, which was held by Hong Kong Police and granted accreditation from HKCAAVQ, I’m one of the instructors of this programme. I am F.5 graduated, then granted a diploma of Police Policing on 2002, and that was my last academic certificate. According to my profile, I am a typical adult learner and faced most of the barriers that I had mentioned previously. I would like to critique the strengths and weaknesses of andragogy with my own circumstance. Strengths As an adult learner, the motivation of learning is very important, is core factor of adult education. Adults have different tasks and needs in their daily life; they will put their needs in orderly with the seniority. If the need is related to learning, they will have a great motivation, and learning become the priority in their life, so no any barriers can block them, and they study best in this situation. However, the concept of â€Å"motivation† is not the strength of andragogy in my view. Upon my opinion, I will choose the concept of â€Å"need to know†, because it’s the factor that cause â€Å"motivation†. With the â€Å"why†, â€Å"what† and â€Å"how†, I will explain the principle of â€Å"need to know† on my circumstance. At the beginning, I come to class for my own promotion and seem as career  investment. I like my current career, and seem to be my life occupation. In order to enhance my competitive advantage and help myself excel in my working place, I choose to continue learning. That will offer opportunities for further development and lead promotion. My view have change during this training, I find out I know more about the adult training theory, which help me to teach the trainee in my programme; enhance the communication skill with my children and people around me. The most important is I know myself more, I am shortage not only in academic standard but also in daily knowledge. I enjoy study and hunger for the knowledge. My motivation of learning becomes stronger and stronger, because I clearly understand why I need to learn, what I need to learn and how I need to learn. Weaknesses During this moment, I will say the concept of â€Å"Orientation† is the weakness of my own learning. Since I come for learning is not for a problem solve purpose, and the subject I study also not relate to my daily task. Conclusion Knowles introduced and develop the andragogy as core principles of adult learning. It help the educator designing and conducting adult learning, and build more effective learning processes for adults. Andragogy works prefect in practice when it is adapted to fit the special character of the learners and the learning organizations. References Adams, N. B. (n.d.). Andragogy. Andragogy. Retrieved March 1, 2014, from http://www2.southeastern.edu/Academics/Faculty/nadams/etec630%26665/Knowles.html Ana, B. (2013, October/November). Characteristics of adult learning. Characteristics of Adult Learning. Retrieved March 1, 2014, from http://www.slideshare.net/aliceproject/39-ana-badea Andragogy how adults learn. (2013, October/November). Andragogy How Adults Learn. Retrieved from http://www.slideshare.net/xilo24/andragogy-how-adults-learn Aspell, D. D. (n.d.). Retrieved August, 2003, from http://www.umsl.edu/~henschkej/andragogy_articles_added_04_06/aspell_Andragogy%20-%20Adult%20Learning.pdf Crawford, S. R. (n.d.). Retrieved March 1,

Financial Analysis on Coles Myer & Woolworths Essay

Introduction Coles Myer Limited (CML) and Woolworths Limited (WOW) are two major Australian companies with extensive retail interest and listed on the Australian Stock Exchange. They are Australian public companies which operate a number of retail chains. CML is Australia’s second largest retailer, behind WOW. It operates a number of chains of retail outlets which are including Coles Supermarkets, Bi-Lo, Liquorland, Pick ‘n Pay Hypermarket, Kmart, Officeworks, Target, Harris Technology and Coles Express (Wikipedia, 2006) . WOW is currently the largest retail company in Australia and New Zealand by market capitalisation and sales. WOW operates in Australia through several retail banners such as Woolworths and Safeway Supermarkets, BWS, Dan Murphy’s, BIG W, Dick Smith Power House and Dick Smith Electronics (Wikipedia, 2006) . The purpose of this report is to analyse financial performances of the two publicly listed companies in last 5 years by using series of calculation tools include horizontal analysis and financial ratios. Also as a recommendation, we will advise investors to buy or not buy the two companies’ shares according to the results of the performance analysis. Financial Condition (See Appendix 1 & 2 for ratio details) 1. Overview The WOW’s revenue has increased every year, one year as great as 149.90 % in 2005 (see appendix 11 for details). In 2001, revenues were 20915.1 million while in 2005 revenue has increased to 31352.5 million. Since revenue increased, the net profit obviously has increased as well. Net profit rose 84.70% from 2001 to 2005. The Horizontal Analysis (Appendix 11 &; 14) indicates WOW is a very successful company and earning money. CML’s revenue has increased 52% and the net profit rose 314% from 2001 to 2005, the growth was tremendous because it occurred in typical connection with the restructuring of the method of financing a foreign operation (Financial Report, 2005). 2. Liquidity Current ratio This ratio represents the financial liquidity of the company. ‘The current  ratio compares the assets a company can quickly convert to cash to the liabilities it must pay in the near term’ (Vance, D. E. 2003). The higher the ratio, the more liquid the company is. For CML, there was a slight increase of 0.04 from 2001 to 2002. Then it followed by an obvious fall from 1.37 to 1.09 during period from 2002 to 2005. This represents that one-unit current liabilities is secured by 1.37 units of current assets in 2002 and 1.09 units, nearly one current asset for one current liability, in 2005. From the perspective of WOW, the ratio starts from 0.81 up to 0.84 then declined to 0.81 and finally dropped to 0.82 during this period of time. The current ratios are all less than one, indicating that one current asset will prepare for the payment of more than one unit current liability. That leads to high liquidity risk in the business operation. If there is an emergency to WOW, it wi ll encounter the problem of repayment. Quick ratio Quick ratio is similar with current ratio, but more conservative than current ratio, because in numerator, inventory is excluded from current assets, and in dominator, bank overdraft is excluded from current liabilities. ‘The quick ratio addresses the issue of whether current assets could cover current liabilities if inventory were found to be worthless’ (Vance, D. E. 2003). WOW experienced a slight increase from 0.2 to 0.26 in this period of time. In contrast, CML experienced a modest fluctuation and end up with 0.28 in 2005, the lowest one in 5-year time and the highest one is 0.41 in 2003. Generally, the quick ratios of CML exceed the ones of WOW. Cash flow ratio Cash flow ratio will analyse the ability of repayment on current liabilities from the perspective of the operating cash flows. Vance, D. E. (2003) states that it is another way to think about the risk of leading to, or investing in a company. These two companies both experienced a drop on this ratio from 2004 to 2005, 0.35 for WOW and 0.3 for CML in 2005. 3. Financial leverage Equity ratio & debt ratio Equity ratio and debt ratio are both designing for capital structure and they are negatively related with each other. The cost of equity is higher than the cost of debt, but shareholders will not require companies to repay them dividends and principals any time. However, companies must pay the debt holders interests and principals each year. And increasing leverage ratio will result in increasing the return to shareholders, yet at the same time, it will increase the repayment commitments and then raise the risk to company and shareholders. CML’s equity ratio increased to 0.4 and correspondingly debt ratio decreased to 0.15 from 2001 to 2005. Generally it is a good trend, even though there has been a decrease in equity ratio in 2005 from 0.45 to 0.40 and an increase in debt ratio from 2004 to 2005, it may be due to the acquisition from US group KKR. However, in 2005, equity is almost three times debt, which means the capital structure is still in good condition. On the other hand, WOW experienced a different trend that its equity ratio has decreased from 0.30 to 0.25, and debt ratio has significantly increased from 0.13 to 0.32 between 2001 and 2005. WOW raised funds heavily on interest-bearing liabilities and consequently takes higher risk than CML due to higher leverage ratio. Times interest earned & fixed charges coverage ‘Times interest earned ratio examines the ability of the business to meet its regular financial commitments’ (Harvey, McLaney and Atrill 2001). Fixed charges coverage ratio is very similar to Times interest earned ratio. These two ratios assess the profitability of company and the ability of interests and principal repayment. CML experienced a significant increase on these two ratios from 3.48 to 12.04 and from 6.81 to 16.64, even though there was a slight drop between 2004 and 2005. However, WOW experienced an obvious fall to 11.82 and 12.25 on times interest earned and fixed charges coverage  respectively. In 2005, compared with WOW, CML showed a better financial performance on the ability to repay the interests and principal. Average payment period CML experienced a decreasing trend on average payment period from 45.29 to 38.69. In contrast, WOW experienced an increase from 19.41 in 2001 to 37.78 in 2003, and a decrease to 34.77 in 2005. Compared with WOW, CML has a longer payment period. It means CML can hold its money more time and do some investments. 4. Assets management Sales turnover This ratio indicates assets management efficiency that one unit asset can generate how much sales. From the perspective of CML, the sales turnover gradually increased from 2.9 in 2001 to 3.94 in 2005. On the other hand, WOW maintained stable on about 4.5 sales turnovers. We can see that WOW managed its assets more efficiently than CML did. Average inventory turnover period This ratio assesses the efficiency of inventory management whether company reduce the inventories as fewer as possible. The fewer inventories, the more free cash flow company has to invest on other assets. Both WOW and CML experienced a decrease on inventory turnover period from 39.64 to 29.64 and from 59.45 to 41.38 respectively. It indicates that CML managed its inventories less efficiently than WOW did. 5. Profitability Return on sales WOW return on sales remained constant, 4% of sales. For CML, it maintained  stable, nearly 2% of sales. Obviously, WOW has a higher operating profit margin, and then a better profitability performance maybe due to the more efficient costs control. Return on assets ‘It is used to measure whether assets are being productively employed’ (Vance, D. E. 2003). This ratio indicates how much profit one unit asset can generate and how profitable company is as a whole. WOW and CML are both in the increasing trend, 0.17 and 0.1 respectively in 2005. In term of this ratio, it showed that WOW is more profitable than CML Return on equity & earning per share These two ratios reflect the return to the shareholders and the value increase for the shareholders. WOW and CML both experienced an increase on the return to the shareholders, yet the WOW’s increase of the return is more stable than CML’s. In 2005, in term of return on equity, WOW stayed with 37% of the equity, yet CML just 16%. Conclusion The two companies have been doing quite well in recent years as can be seen from the increasing profitability. The table in Appendix 15 indicates a comparison of the two companies according to the above discussion. CML has a better performance on liquidity and financial leverage but WOW managed Assets and Profitability better than CML. Recommendations On 8th September 2006, WOW’s closing share price is $20.80 and CML is $13.70. Based on the financial analysis above, we can conclude that WOW has maintained a constant financial performance in last 5 years, but their growth is not rapid. However, Simpson (2006) states that ‘At present Coles Myer is earning a 13 per cent return on capital invested in stores, compared  with 24 percent by Woolworths.’ Therefore, I recommend potential investors buy shares from WOW for a short-term. According to CML news released in March and June, CML had acquired Sydney drug stores Pty Ltd (CML News Release, 2006) and Hedley Hotel Group (CML News Release, 2006). CML will expand the pharmacy business further more and have a different strategy than WOW if the regulations change in the future becomes true. CML also will expand their liquor business to compete WOW as well. Thus, I believe that the potential financial growth of CML will be a lot higher than what it is right now and I su ggest investors put their money on CML for a long-term investment. References 1.Wikipedia 2006, Coles Myer Ltd, Wikipedia Free Source Organization, viewed 10 September 2006 2.Wikipedia 2006, Woolworths Ltd, Wikipedia Free Source Organization, viewed 10 September 2006 3.Financial Report, 2005, Coles Myer Ltd., pp 19 4.Vance, D.E. 2003, Financial Analysis and Decision Making, McGraw-Hill, United States of America 5.Harvey, D, McLaney, E and Atrill P 2001, Accounting for business, Butterworth-Heinemann, Oxford 6.Simpson, K. 2006, Market waits for higher Coles bit, The Age, 8 September 2006, front page of Business Section 7.News Release 2006, ‘Coles Myer Acquires Pharmacy Direct’, Coles Myer Ltd., 31 March 2006 8.News Release 2006, ‘Hedley Hotel Acquisition Complete’, Coles Myer Ltd., 14 June 2006

Discussion 1 Assignment Example | Topics and Well Written Essays - 500 words

Discussion 1 - Assignment Example Personally, I find it amusing how people then had to use art as a way of communication, while not everybody has the talent of drawing. Some people cannot even draw a tree leave alone a smiling face. Although the discovery of art must have made life easy and simpler, the fact that most of the people could not take part in the emotional communication, as they did not have the skills to draw and express themselves just like their counterparts. Culture, as I would define it in relation to the world cultures cyber journeys is the differences in the way of people’s lives, and their believes on the various things that they practice in their daily lives. Through the daily practices and people’s interactions, a group of people unknowingly expresses their cultural practices. Thus, the normal things people either express subconsciously or consciously in writing or in other ways such as define the culture of that particular group. Cultures can either differ or compare with one another. Despite people having different cultural background, they exhibit some of similarities in their cultural practices. The differences and similarities of the western and eastern culture revel this. Both the western and the eastern people share in a number of ways. Their religious beliefs, share a common direction. Both the western and the eastern people believe in a supernatural figure. The two cultures believe in the existence of some form of power beyond their ability. However, the dwelling places of their supernatural powers differ. On the other hand, they believe in leaders, chosen among them. The main difference however is that while in the west the leader has an equal status with the people, in east, the leader is supreme and has overwhelming power. Culture regards the west as more advanced than the east. Especially in the manner through which

Brazil, Russia, India and China (BRIC) are seen as the key new players Essay - 1

Brazil, Russia, India and China (BRIC) are seen as the key new players in the global economy - Essay Example The economic potential of BRIC countries is such that they could exceed the combined economies of the richest countries and become among the four most dominant countries in the world by 2050. The combined GDP of the BRIC countries of 18,486 trillion dollars make them the fastest growing emerging markets in the world (Murray, 2006). Among the BRIC countries China proved to be the most dominant and progressing, which is considered by others either as a threat or an opportunity. The current paper will briefly discuss the influence of BRIC countries on the global economic development with special emphasis on China as one of the largest and most promising markets (Rao, 1998). Despite the BRIC countries are not a political alliance as the European Union or formal trading association as ASEAN, their cooperation and combined actions are directed toward improving the political cooperation to confront the increasing influence of the United States in the major trade accords. It is expected that in the near future Brazil and Russia will become the dominant suppliers of raw materials for India and China that in their turn will become the dominant suppliers of manufactured goods and services (Goodman, 2005). In such a way, these four countries shown below might form the ideal combination of suppliers and manufacturers to provide the rest of the world with necessary goods and services. Table 1 in the Appendix shows the comparison between BRIC countries and G7 countries in terms of GDP. While in 2015 BRIC countries will have much less combined GDP of 13,653 US$ billions than G7 countries (GDP of 33,414 US$ billions), then by 2050 BRIC countries will be twice more p owerful in economic terms expecting 128,324 US$ billions in comparison to G7 GDP of 66,039 US$ billions. By entering the world economy and introducing changes and innovations in such fields as education, foreign investments, domestic

The impact of Southwest Airlines on Commercial Aviation Research Paper

The impact of Southwest Airlines on Commercial Aviation - Research Paper Example 311). Along the way, it refined its low price strategy by cutting down on food and beverage offerings, mandating open seating which increases capacity, flying only one type of plane, locking in low fuel prices when the fuel prices spiked in 2008, and favoring secondary markets such as Chicago Midway over congested markets, such as Chicago O’Hare. These strategies helped Southwest cut prices, and the result of Southwest’s ability to slash prices has been nothing short of astounding on the entire airline industry, resulting in fare cuts across the board, and substantially increasing airport traffic for the airports that serve Southwest in relation to airports that do not. The result of the impact of Southwest Airlines on the airline industry has been so significant that it was given a name – the â€Å"Southwest Effect†. Different studies have done different analyses on the Southwest Effect. Morrison (2001) performed a study on the aggregate effect of Southwest on Southwest’s competition, then compared the aggregate estimate with fare reductions that were the result of deregulation, as a way to quantify Southwest’s effect on the success of deregulation (Morrison, 2001, p. 241). Morrison stated that the airfares on a given route are influenced by another airline in three ways. First, is when the other airline serve a given route; second, when the other airline serves an adjacent route that is seen by consumers to be a reasonable alternative to the first route; and third, the other airline affects fares if the existing airlines on a route lower their fares in order to keep out potential competitors (Morrison, 2001, p. 241). Morrison quantified Southwest’s impact on each of these categories, stating that there was a potential for Southwest to impact 94% of domestic passenger miles (Morrison, 2001, p. 243). His unit of measurement for this impact was an equation

Select an organization that has a web presence and analyze the Article

Select an organization that has a web presence and analyze the organization using elements listed below from Chapter 3 - Article Example It is a company based in US but it enjoys a large market share in all continents. The organization has branches in various countries to ensure that there is a continuous supply of products to their customers. The company has laid strategies that are responsible for the large market share that they have. Gillette enjoyed monopoly of the market until 1962 when other companies producing similar products emerged to compete for market. Despite of competition from other companies, Gillette has maintained a higher number of customers across the globe. Gillette has 70% of the market share with its competitors sharing a 30% share. The company started with men’s razor and blade products, after a proper market research, they started to manufacture women shaving products too. Men had complains when they shave with ordinary razors. They developed complications like rushes and pain after shaving. Due to this, they needed shaving products that are safe. Gillette produces a variety of shaving products that completely satisfies their customers’ shaving needs. Their razor products include Atra, Trac-II, and Sensor for women. They also produce Mach3 that has three thin blades designed to shave closely with less strokes and no irritation. Customers as well need products that are less expensive. To satisfy this need, Gillette has applied technology to produce shaving products that can be used more than once; hence, their products are economically friendly to customers. Gillette has several competitors that threaten their large market share. Key competitors include Schick and the Quattro. They produced the first four bladed razors to the market. They also produced shaving products for women for instance, Intuition for women invaded Gillette’s hold of market for women shaving products. Gillette has also faced serious competition from online competitors for example the dollar-shaving club. They try to win customers using their low shaving prices as compared to Gillette