You may pick one to use Research Paper Example | Topics and Well Written Essays - 500 words

You may pick one to utilize - Research Paper Example The budgetary situation of the association will direct whether it is fit for taking care of the usage of the given venture or if not. It might likewise discover supporters to allow funds towards the undertaking. Specialized achievability is characterized by the associations capacity to employ appropriate innovation and experienced human work for the advancement procedure. The investigation period of the venture builds up the reasons with regards to why another framework is required. It includes indicating what sort of framework is to be manufactured. This should be possible by recognizing the issues confronting the association and afterward thinking of a framework to explain them. (Stuart , 1994). A model is a school that has watched expanded interest for its library administrations from its understudies. The school may choose to make an online framework which will facilitate the clog at the library and thusly diminish the librarian’s remaining task at hand. It might choose to set up an online virtual library where understudies can peruse delicate duplicate library materials, hold library books to obtain later and furthermore expand the credit time of a book. The plan stage decides how the framework is to be manufactured and what innovation will be utilized. For an online framework, server innovation is utilized; this will empower users’ access through a system. A database will likewise prove to be useful to spare client records and the materials they can get to on the web. For a virtual online library, the database may store the library users’ login and utilization data. Moreover softcopy materials, for example, pdf books and magazines can be downloaded from it. Framework demonstrating is likewise done during plan. A framework model enables the creator to envision the framework in a disentangled way. It goes about as a layout of the framework and assists with drawing out the details of the framework. The model will be utilized to guarantee all the sub-frameworks are interconnected in a coherent

King Henry II of England in The Lion in Winter by James Goldman Free Essays

Benefits and Negatives of Bankruptcy Essay Example for Free

Advantages and Negatives of Bankruptcy Essay Insolvency is quickly characterized as a procedure where indebted person gets help from his/her obligations through the court. The alleviation differs in structure and it incorporates full fractional release of the obligation or the irritation of an imbursement plan reliable with the debtor’s money related methods. (Larson, 2000) Types of insolvency change as per its capacity. One of the most well-known sorts of liquidation is â€Å"Chapter 7† or â€Å"Straight Bankruptcy† or â€Å"Liquidation. † This is otherwise called Personal Bankruptcy. Another is â€Å"Chapter 11†, which is basically utilized by organizations. There is additionally â€Å"Chapter 13† or â€Å"Wage-Earner Bankruptcy. † Finally, â€Å"Chapter 20† liquidation is the way toward documenting of a â€Å"Chapter 7† chapter 11 to release uncollateralized debts, trailed by â€Å"Chapter 13. † (Larson, 2000) Because of the thefts and issues with the call community, the call place may declare financial insolvency, in which it has just owed the firm over $40,000,000. For this situation, we are in entrusted of finding the results of the call community declaring financial insolvency. What are the advantages and negatives if the call community will petition for financial protection? Earthy colored and Seeyle accentuated that chapter 11 is neither an individual nor an enthusiastic choice. Or maybe, it is a budgetary choice dependent on the measure of obligation and the current capacity to reimburse obligations. At the point when the normal timespan of reimbursement surpasses the time it would assume to modify acknowledgment, much the same as in the call center’s case, at that point it is an ideal opportunity to think about liquidation. At this spot in time, the call place has amassed more obligation than they can have the option to reimburse soon. The call place will perhaps profit incredibly from declaring financial insolvency. This will be sans obligation start. By declaring financial insolvency, the call place gets the opportunity to modify and restore their acknowledge in line for the law. (Earthy colored Seelye, 2008) Meanwhile, there is a broadly held confusion of Bankruptcy where Ben Franklin from Franklin Debt Relief clarified, wherein â€Å"it’s the debtor’s variant of the â€Å"get out of prison free† card in Monopoly. † Most individuals realize that chapter 11 influences credits for 7-10 years; much to their dismay that they may need to take care of the obligation in any case. Franklin expressed the proper meaning of chapter 11 as â€Å"a continuing in government court in which a bankrupt debtor’s resources are sold and the account holder is diminished of further obligation. † It might likewise come out as â€Å"the procedure of finishing your obligations for nothing. † (Franklin, 2008) as such, the call place, even with insolvency, despite everything need to repay bit of the obligation. The call community, in any conditions, may abstain from seeking financial protection. The most conceivable arrangement is that the Call center’s resources be offered to acquire adequate assets and later compensation the firm. In any case, if the firm may demonstrate that the call place has goals of not paying the firm, at that point it’s the most ideal path for the call community not to petition for financial protection. The call community will in any case need to take care of the firm. Section 7 Bankruptcy or straight liquidation, a famous type of chapter 11, allows the defaulter to start from the very beginning once more. This is for the most part documented by the individuals who have no enough assets to pay for their obligation. On the off chance that the call community has no expectation in paying their obligations to the law office, at that point they should document Chapter 7 Bankruptcy. Be that as it may, this may destroy their credits and they will in any case be liable for their obligation. They will likewise pay lawyers who will work for the situation. For this situation, the call place may think about recording Chapter 13. Concerning part 13, it is the redesign of an individual purchasers obligation with another installment plan. In the event that the call community has resources they need to secure Chapter 13 is another way. Notwithstanding, Chapter 13 demolishes the credit. It will stay on the call center’s credit for as long as 10 years. The call place, on another point, may need to consider credit directing or an obligation the executives office. References Brown Seelye. The Decision to File. Washington State Law Firm. Recovered February 1, 2008, from http://www. brownandseelye. com/bankruptcy375/thedecisiontofile. html Franklin, Ben. Staying away from Bankruptcy Franklin Debt Relief. Recover February 1, 2008, from http://www. franklindebtrelief. com/stay away from liquidation. html Larson, Aaron. (2000). Liquidation Law †An Overview. Law Offices of Aaron Larson. Recovered February 1, 2008, from http://www. expertlaw. com/library/chapter 11/liquidation. html Chapter 13 and 7 Bankruptcies. American Bankruptcy Courts. Recovered February 3, 2008, from http://www. chapter 11 courts. net. /part 13. html

How far can trade unions benefit managers as well as workers Free Essays

Presentation A worker's organization alludes to an association with individuals comprising of laborers and association initiative who are joined for the advancement and insurance of their normal advantages. Laborers meet up in an association to seek after such objectives as the assurance of the respectability of their exchange, commotion for more significant salary and business, and better working conditions (Reynolds, 2008). A worker's guild could allude to: a general association speaking to laborers in a given industry; a specialty association speaking to talented specialists in a particular field; or an organization or house association speaking to the interests of a solitary organization regularly without association with different associations (E. We will compose a custom paper test on How far can worker's organizations advantage directors just as laborers? or on the other hand any comparable subject just for you Request Now C, 2010). A flourishing and all around run business is a crucial rationale in any organization, profiting both the business (in such manner, the administrator) and the representatives. It is regularly contended that the unionization of laborers is disadvantageous to businesses while improving advantages for workers. Pressures and mistaken assumptions in antagonistic connections frequently ruin efficiency and lead to lost deals, lower yield, and mounting costs. On the off chance that unchecked, they can prompt the inconvenience of business and inevitable loss of work for the laborers too (Hall-Jones, 2010). This paper investigates the points of interest and weaknesses that worker's organizations bear to businesses and their representatives looking to show that there is noteworthy advantage in unionization. Advantages to workers are first laid out beneath and from that point stood out from business advantage and additionally drawback in order to set up the degree helpful for the two gatherings. Favorable circumstances to representatives The essential command of associations is to upgrade the advantages and acknowledgment of representatives in the work environment, shielding them from abuse. It gives them a stage and an aggregate voice with which to haggle with businesses on heap issues including compensation, rules of work, grievance systems, employing rules, advancement and terminating, business related advantages, just as security and different approaches administering the work environment. Worker's organizations additionally ensure laborers assurance from business related difficulties, for example, absence of advancement, downgrade, end, among others, improving their ability to challenge such measures (Phil, 2007). Furthermore, associations regularly sort out preparing and advancement comprehensive of access to government assets and backing through association learning reps (Fulton, 2013). This empowers laborers to acknowledge higher than normal wages and gains from work, just as protections to their general well being and security in the working environment. Preferences to managers  ·This segment measures the advantage of worker's organizations to bosses compared with representative advantages as well as detriment. Boss/administrator benefits include: Simpler dealings With association agents talking in the interest of the whole workforce, managing associations rearranges exchange forms taking out the need to haggle with various representatives. This improves the speed and productivity of the dealings. Worker's guilds can likewise help in the exchange of profitability bargains empowering expanded yield and therefore empowers the business to manage the cost of higher wages commonly profiting both the business and the utilized (Eironline, 2007). The exhibit of good work practices can be a noteworthy wellspring of upper hand affecting the perspectives of partners and the more extensive network, and therefore the company’s brand and notoriety (Hall-Jones, 2010). Nonetheless, it is regularly the situation that challenges over specialist compensation/profit and the employer’s point of view of mounting work costs are hard to determine with each gathering concentrated on their specific view. Legitimately, endorsers in conflict with managers are permitted to strike without enduring disciplinary activity. This factor regularly muddles exchanges (E.C., 2010). Strikes and mechanical activities cost the organization or business cash legitimately from lost creation, just as making different issues, for example, shrinking worker assurance and ability to work and awful exposure. These chaperon issues could influence yield as well as deals with conceivable client blacklists, just as thwarted business relations with merchants or business clients in their expectation of a drop in profitability and failure to convey on responsibilities (Hall-Jones, 2010). In such manner, worker's guilds as they continued looking for improved government assistance regularly cause entanglements in relations encompassing the whole business, even to the degree of preventing business. Be that as it may, it is essential that associations are blessed with an abundance of experience in regards to business law which can help in early recognizable proof and goals of issues. Their inclusion in such situations frequently prevents cases from continuing to costly and tedious procedures, for example, the business councils (Eironline, 2007).  · Employee fulfillment Associations give representatives a voice with which to address the business and dealing power managed by the quality and limit in their numbers. Through this, associations improve the fulfillment of representatives empowering them to expand their normal wages just as advantage bundles. This fulfillment which acquires from needs that are met improves work fulfillment and therefore representative ability to work more enthusiastically prompting higher efficiency and nature of yield (Fulton, 2013). Notwithstanding, the fulfillment of representatives getting from better compensation and work conditions frequently includes some major disadvantages to the business with resulting upsurges in labor costs being the fundamental burden of unionization of representatives. Derivations of contribution paid to associations from workers’ pay notwithstanding expanding costs, likewise builds the remaining task at hand of the bookkeeping division (Hall-Jones, 2010).  · Reduction in turnover A workforce including patrons is frequently portrayed by diminished turnover with less recurrence of representatives finding employment elsewhere. Levy paid for organization enrollment and position in the association are considered to add to this pattern frequently going about as impediments to representative exit (Eironline, 2007). For the business (administrator) or association, lower levels of turnover sets aside the business cash in the long haul with less consumption spent in visit preparing and enlistment of new representatives (Hall-Jones, 2010). It is anyway significant that with respect to employers’ activities, for example, end, downgrade or absence of advancement, and affirmed provocation or separation, singular representatives regularly need monetary assets and will to seek after confused challenges. With the help of associations, laborers are frequently energized and spoken to in their allure of such activities or in the recording of suits testing them (Reynolds, 2008; Fulton, 2013). The impact of this is two dimensional, profiting and ensuring influenced representatives while unfavorably influencing managers, convoluting business.  · Ease in change forms To remain at the cutting edge and to upgrade intensity in the business, organizations frequently need to experience change. Accomplishing this with different representatives, each with shifted discernments and suppositions is regularly a critical test (Eironline, 2007). In any case, since workers are bound to be responsive to associations, banding together with worker's guilds may improve the odds of achievement in the change procedure just as its adequacy. Worker's organizations can be a noteworthy accomplice in fortifying the believability of the messages from the business just as consoling representatives and alleviating their tensions (Eironline, 2007; E.C., 2010). Unionization and its impact can effectsly affect the control of human asset testing the ingraining of order and checking of horrible showing. The advancement and end of laborers dependent on target parameters, for example, merit, profitability, among others is blocked with the impact of associations with a large portion of the associations putting together their dealings with respect to work environment runs on status instead of legitimacy. The response of association and their standards, in such manner, limit the alternatives accessible to businesses and administrators (Hall-Jones, 2010). End From one perspective, organization enrollment upgrades the limit of representatives to challenge manager activities, challenges the control of the human asset segment in business, and regularly causes increments in costs, remaining burden and antagonistic financial impacts chaperon to work agitation. Then again, be that as it may, worker's organizations bear critical advantages to the two bosses and representatives. To businesses, worker's guilds empower less difficult and successful arrangement forms, early ID and goals of work related issues, decrease in turnover, and too upgrade representative fulfillment. It is likewise an ingenious accomplice in the change procedure. To representatives, worker's organizations give basic assurance from misuse, a voice in the improvement of their work life, just as encouraging preparing and self-improvement. From the prior contention, it is accumulated that worker's guilds, disregarding its drawbacks, is unmistakably progressively gainful and could improve boss representative relations just as the result of business References Eironline, 2007. TUC advances business advantages of associations to bosses. European Industrial Relations Observatory on-line. Seen on 9/12/2013 from: http://www.eurofound.europa.eu/eiro/index.htm European Commission, 2010. Modern Relations in Europe. Directorate General for Employment, Social Affairs Inclusion. EC. Fulton, L., 2013. Specialist portrayal in Europe. Work Research Department and ETUI. Brussels: ETUI Corridor Jones, P., 2010. Unionism and Economic Performance. Web article measurements. Seen on 8/12/2013 from: http://www.newunionism.net/library/ Phil. D., 2007. Condition of the Unions: How Labor Can Strengthen the Middle Class, Improve Our Economy, and Regain Political Influence. McGr

Overview of the Management Plan

Presentation An arrangement is a necessary piece of every single confounded errand to be finished. In this regard, an arrangement should cover all phases of the procedure including money related part and hazard the executives. Venturing into various markets is a truly convoluted undertaking that requires a great deal of data to be prepared, surveyed, and utilized while arranging certain activities.Advertising We will compose a custom coursework test on Overview of the Management Plan explicitly for you for just $16.05 $11/page Learn More Thus, the present administration plan contains outline of the nation to venture into various locales, best practices to consider, and every segment that ought to be thought of while propelling items in different nations. General Overview of the Country Transnational organizations should consider various difficulties and challenges that may happen during the time spent venturing into a few unique markets. In this regard, huge partnerships and organiza tions ought to gain information and apply fruitful experience of other transnational enterprises so as to work adequately in the worldwide market, particularly while venturing into a few markets outside the nation of inception. In this way, picking up information about â€Å"customers, providers, and ability in remote lands† (Gupta, Govindarajan Wang, 2008, p.217) is one of the most significant strides in the system planned for extending of the organization into different markets than its national one. When the organization picks up data and finds proper strategies for its application, elaboration and usage of those to rehearse, this organization can move to the worldwide market. As detailed by Gupta et al. (2008), â€Å"One of the most significant advantages from early globalization can be quick development or even the change of an intriguing yet monetarily nonviable business thought into a practical one† (pp.221-222). All in all, compelling globalization and venturin g into various markets can be supported by different motivators offered in the business sectors of different nations as a mean of pulling in outside speculations and presenting increasingly dynamic rivalry onto the market.Advertising Looking for coursework on business financial matters? How about we check whether we can support you! Get your first paper with 15% OFF Learn More at the end of the day, â€Å"rapid amassing of serious advantage† (Gupta et al., 2008, p.222) as recommended on account of Bharti Airtel Limited that ventures into the Kenyan market where the administration furnishes certain regions of business with extraordinary motivations paying little heed to the way that some lawful contrasts among India and Kenya may present business challenges (Sinkovics, 2009) in light of the fact that the organization will actualize the best strategic approaches into activity. As it were, the nation of source and assessment of its legitimate base, rules of making business, and different various particular highlights are significant while propelling an item onto the market or essentially venturing into that advertise. Best Practices to Implement Experience on business, legitimate, and social practices can be actualized in the wake of breaking down different instances of effective use of certain feasible viewpoints into activity. In this regard, it is important to take a lot of measures including tackling such industry requirements as â€Å"need for neighborhood adjustment, requirement for nearby framework, and administrative barriers† (Gupta et al., 2008, p.226). At the end of the day, the organization should direct a careful research before attempting to venture into various markets everywhere throughout the world. Consolidation of best practices is planned for encouraging the utilization of worldwide needs to the company’s procedures and company’s desires and long haul plans into universal market with its special needs, inclinations, and propensities of interest and gracefully, protection, and dangers. Another point that ought to be taken to conversation is the assets the board and its idiosyncrasies for universal organizations and worldwide market, particularly in situations when HR and materials are the essential ones for the creation. As announced by Bartlett, Beamish, Ghoshal (2008), â€Å"The assignment of planning streams of materials, segments, and completed items turns out to be incredibly perplexing as organizations fabricate transnational structures and capabilities† (p.651).Advertising We will compose a custom coursework test on Overview of the Management Plan explicitly for you for just $16.05 $11/page Learn More Though materials and made merchandise are of essential concern, it is important to recall about HR regarding enlisting and preparing or redistributing as the most proper method of viable execution. To summarize, the accepted procedures utilized or designed by different organizations and partnerships ought to be actualized to the degree of making the most proper ground for powerful assembling merchandise or offering types of assistance. At the end of the day, information the board, joint effort and correspondence rehearses, multicultural mindfulness and development of elusive capital are a portion of the segments to be utilized while venturing into various markets utilizing motivations, for example, upper hand to draw in client and build up their steadfastness to the brand. Also, representatives and item merchants who are now acquainted with the market can encourage the learning of the business sectors needs and desires (Jain, 2003). The executives Plan Scope the executives One of the initial steps to be made by the organization is to direct an exploration on the market’s eccentricities, lawful issues, and needs of clients and their desires from the outside brand. A group of worldwide specialists needs to diagram the significant regions of the most elevat ed and least need for organization as far as compelling dissemination of merchandise, further advancement of the product offering and brand augmentation, growing of the organization into different markets, and its money related execution utilized for innovative work, preparing and proficient improvement programs, consolidation of universal practices, and different territories of fundamental concern. Calendar the board The group of timetable supervisors ought to break down the circumstance as far as different standards to be accomplished and assess the timeframes important to achieve the company’s mission. Unequivocal time spans ought to be expressed for each procedure and each progression. At the end of the day, the organization ought to completely design its activity in the global market.Advertising Searching for coursework on business financial aspects? How about we check whether we can support you! Get your first paper with 15% OFF Find out More Money related administration Budgeting is one of the most significant divisions for administrative to achieve on the grounds that it empowers the organization to become further and broaden its image line, execute mechanical advancements to acquire benefit and put it into innovative work segment to increase upper hand over its opponents. In addition, fruitful evaluation of segments deprived for budgetary venture and need in this issues and dissemination of money related help can be somewhat useful as far as zones of most elevated need. Quality administration Quality of merchandise and ventures gave ought to be evaluated by autonomous specialists which includes re-appropriating and additional costs spent on this division. In any case, if the organization is keen on the assembling of very good quality items and furnishing the clients with administrations of great, it ought to go through certain expenses on foundation of an extraordinary division that should manage evaluation of value, o bserving or exercises, and advising on the issues that can add to the improvement of value or lessening cost proficiency of items by methods for creation of specific parts in different areas. Assets the executives The group of worldwide specialists needs to assess the circumstance and take the best measures to pick the most adequate strategy for utilizing individuals and conveying materials. As certain areas can be more distant than others, it will include additional expenses on conveyance of materials and increment the expense of merchandise bringing about diminishing of products’ appeal for purchasers. All controls performed for conveyance of materials and dispersion of merchandise ought to be adequate as far as cost of the last item that goes to the market. Interchanges the executives One of the key segments in transnational administration is the correspondence the executives; an inability to convey will prompt horrible showing and results. In this regard, all progressions that occur in the base camp ought to be acquainted promptly with auxiliaries. Different programming programs and other mechanically propelled methods for correspondence can empower the organization to exploit over its opponents. Undertaking change the board All progressions that happen in the universal market make certain to influence the company’s execution. In this regard, it is important to follow all developments and inclinations that influence the universal market, evaluate those, and execute into the organization in the event that they give the organization some bit of leeway over contenders or will build the profitability, quality, or benefit or great made. Despite the fact that some changed might be viewed as positive inside the global market, they are not really relevant to the organization with respect to its needs and points of view. Hazard the board Every division of financial aspects incorporates a few dangers just as points of view. The organization ought to se nd a few expenses on distinguishing proof, assessment, examination, and suitable treatment of dangers. On the off chance that the organization neglects to recognize hazard or wouldn't like to spend costs on this system for all time, it can utilize redistributing infrequently when a few changes in the universal market happen. Following changes and taking fitting measures as far as hazard the board should be possible with the assistance of free specialists

Essay on General Topics

Essay on General TopicsWhen writing an essay on general topics, some of the points that you will want to keep in mind are size, flow, and speed. Keep in mind that you will be writing something that will be read by other people, so you should be able to clearly convey what you are trying to say. Most college students write essays on general topics because they are excited about going to college. Because they are excited about their upcoming college career, they may be a little nervous about what they have to say, which is why they may want to make sure that they can get started with an essay that will not make them nervous.You will also need to make sure that your essay will be easier to read. You should look at the title and the first paragraph and see if it will help you to see what type of essay you will need to write. An example would be to look at the title and see if it is straightforward or not. This will give you an idea as to how to write an essay on general topics.Make sure that your essay on general topics is easy to read and to write. There should be clear ideas in the title, body, and first paragraph. Try to avoid difficult or technical terms in your title, as well as complex sentences and difficult words. Stick to short, concise sentences that will make you seem like a normal person that is going to college.Do not try to hide the fact that you have different opinions than other people. Instead, you should show how many different opinions you have on a topic. Remember that many people will have different views about a topic, and this means that everyone should be able to agree on the facts. Be sure to make your essay on general topics readable by everyone, as this will help you get your point across.If you want to get a good grade on your essay on general topics, you should try to include all of the points that you feel are necessary. In addition, it will be helpful if you write about the kind of college that you would like to go to. Having a clear understanding of where you want to go to college will help you when you are writing your essay on general topics.The last thing to consider when writing your essay on general topics is that you should try to follow the structure that is set out by the essay writing software. If you do not follow the outline for an essay, you will not get any better results when you are writing your essay on general topics. You should also make sure that your grammar is correct. If you do not know what grammar is, you may want to take a class or two.Last, you should remember that when you are writing an essay on general topics, you will not be writing a long essay. You should be able to focus on a few key points. This will allow you to achieve your goal of writing an essay on general topics, while still being able to get the rest of the work done.Remember that the essay on general topics is one of the most important parts of the college. If you want to write an essay on general topics that will help you succeed in college, you should make sure that you are familiar with the tips that you will need to make sure that you will be successful.

Example of Essay About Music in My Life

The Beatles Are the Greatest Band Ever Introduction In the modern world, the majority of people have a great passion for music performed by live bands. Thus, when it comes to deciding which bands were among the greatest, there is likely to be much debate. There were several bands that performed superbly in the 20th century. However, among all these bands, the Beatles stand out as the greatest band ever. Besides introducing the world to a new kind of music, they achieved more than any other band has ever done. Notably, the simplicity of their songs and the soothing melodies are what keeps them apart from other bands. The Beatles are the greatest band ever because they released quality albums, disbanded their group while at their prime, and toppled other bands.

Reflection Of A Pedagogical Statement Essay - 1808 Words

In this pedagogical statement I will be reflecting on and confronting my understandings about play. I will be showing this by sharing two moments of play I have been involved with during practicums. I will be covering links between understandings of play and my own practice, the problematic nature of play with respect to the role of the teacher, aspirations for very young learners in the 21st century, highlighting the role of play in developing creativity, communication and citizenship, and my avocation for play will be clearly evident throughout this pedagogical statement. The meaning of ‘play’ can be very hard to define in an early childhood context. What is play? Does all learning involve play and does all play involve learning? I believe that all play is learning, but not all learning is play. We consider that teachers are more likely to notice, recognize and respond to learning taking place during play than someone who doesn’t have the knowledge or understanding to see all learning through play. There are many meanings and definitions of play, and teachers themselves hold varied beliefs about what establishes play. It is described, understood, valued and enacted differently across diverse cultures. Wood (2015) mentions three important contested concepts of play, such as, play as learning, play as curriculum and play as pedagogy. â€Å"Critical discourse analysis is used to consider these concepts†¦validations for play as learning, curriculum and pedagogy have beenShow MoreRelatedClassroom Management Reflection Paper946 Wor ds   |  4 Pages3. Reflection on theory in practice 3.1 Introduction Teachers use a variety of preventative and corrective strategies in their classroom organisation. These practices should be based on a teacher’s pedagogical perspectives. While there are many different practices, the physical layout of the classroom; expectations, rules and code of conduct; logical consequences; and I messages will be the focus of this reflection. 3.2 Classroom physical layout and resources The physical layout of the classroomRead MoreOur School Vision States And Identifies What Type Of School We Hope1170 Words   |  5 Pagesshare in a continuing process of learning and growth. †¢ Individual success is encouraged, achievement affirmed and excellence appreciated. †¢ Students are empowered to live fulfilling and valuable lives, and to be leaders in a world of change. 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Primarily, staff-led carceral toursRead MoreTeachers As For Myself ( Future Teacher )847 Words   |  4 Pagesand developing an understanding on the thirteen statements that were asked on the OOPS survey, I gained great insight on the information that I found within the internet and books. I cannot say that I can argue with any of the statements rather only justify that they are logical statements within the classroom. Each one of the statements has given research proof and reasonable justifications within the learning classroom. With research and reflection on my experience, taking notes during a lectureRead MoreThe Battle Of The Roman Empire By Caesar s Commentarii De Bello Gallico Essay1732 Words   |  7 PagesBarlow’s â€Å"Noble Gauls and their other in Caesar s Propaganda†; G. Boys-Stones’ â€Å"The Recovery of Primitive Wisdom in Early Stoicism; Feuchtwang’s â€Å"The Colonial Formation of British Social Anthropology†; and C. Kraus, Bell um Gallcium, attests to the pedagogical function of such work. Therefore, I contend the Bellum Gallicum, presents as a didactic text―in regards to Caesar, who propels the Stoic theory of cultural maturation, informed by the pseudo-scientific principles of earlier philosophers, namelyRead MoreJournaling Essay1115 Words   |  5 Pagesreliable overview of the conceptual foundation of the literature, creating the setting prolonged impact of journals as a learning tool with adult students’ (p. 338). Furthermore, amplifying on the role that reflection plays in developing critical thinking, raising doubts around the â€Å"pedagogical assumption† (Langer, 2002, p. 338). From these two sentences, the reader undoubtedly understands the review of literature is reflecting on the utilization of learning journal purpose. Langer (2002) continuesRead MoreRationale Statement : The Development And Implementation Of The Curriculum1639 Words   |  7 PagesRationale Statement: â€Å"Relationships are the foundation of the development and implementation of the curriculum for the infants and toddlers. Responsive caregiving and use of individual caregiving routines(for example, nappy changing, meals, sleep) provide the frame for curriculum implementation. Parents should be involved to take appropriate decision about the children’s learning and development†. Introduction: Over the past few years, research in neuroscience and developmental psychology has createRead MoreEmpirical Studies About Teachers Perspectives1505 Words   |  7 PagesAndon’s research scrutinized the pedagogical principles and practices related to TBLT from practitioners’ angle. A case study was adopted in the research where four experienced English teachers to adults were recruited in London. Repeated interviews and classroom observations were carried out and then the data were analysed by referring to the essential principles of TBLT theory in order to induce teachers’ pertinent conceptions and practices. Combined reflections between the researchers and teachersRead MoreThe Role Of Reflective Practice For A Teacher2141 Words   |  9 PagesGTNCI further reinforces this statement when it states that, â€Å"Teaching can never be reduced to a set of discrete skills to be mastered in some mechanical process of assimilation† (GTCNI, 2007:5). Teaching today has moved beyond the outdated view that the most important thing for a teacher was solely to have professional knowledge. Professional knowledge encompasses a range of different forms of knowledge such as knowledge on the curriculum and children and pedagogical knowledge e.g. how to manage

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Analysis Of The Poem The - 1641 Words

Beautiful. That is how I would describe her. Rayah Lou’ren Gibson was the absolute light of my life. She was born on Thursday, August 14th, 2008. She was not my biological daughter, but she was and always will be my baby girl—my little princess. I often called her my angel. She loved dancing and singing, she loved the movie Frozen, the song, â€Å"Do You Want To Build A Snowman?†, and her favorite color was purple. She loved her friends, especially Alina. She really loved grocery shopping with me for Spaghetti night; or eating at the Chinese buffet, and filling her plate to the brim with fried chicken, chicken fried rice, macaroni, French fries, and ketchup. In the summer, she loved to jump in the pool with her goggles and swim around looking for things. She met with God on Tuesday, July 15, 2014. To say that the day she passed was hard for me would be the understatement of the century. I am new in my walk with God, so the flesh in me wanted to be angry and ask God why she had to be brought home when she had so much life to live. Part of me wanted to bargain my life for hers. I am only human. Yet, something inside of me said that when in fear, doubt, or pain a real man prays and asks God for strength. So on that day I fell to my knees and asked God to give me the strength to trust him and his timing, rather than fall back into my anger. In June, I was carrying her on my shoulders and she was smiling from ear to ear. I just spent July 7th, 2014 with Ashley, Brandon, and RayahShow MoreRelatedanalysis of poem1342 Words   |  6 Pagesï » ¿ To analyze a poem stylistically, we can analyze the poetic device, which is usually deviation and foregrounding, that the poet used in the poem. The term foregrounding refers to an effect brought about in the reader by linguistic or other forms of deviation in the literary text (Leech, 1985).In poem, devices of foregrounding and deviation are always used to draw reader’s attention and impress the readers. In the aspect of deviation and foregrounding, there are some perspectives on the nature ofRead MorePoem Analysis : Langston Hug hes Poem1258 Words   |  6 Pages Research Paper and Poem Analysis: Langston Hughes Poem Analysis: Langston Hughes’ poem â€Å"Mother To Son† is a twenty line poem that seems to be from the perspective of a prudent mother that is giving her son, and possibly the readers, some helpful and supportive advice, telling them that, no matter how many adversities they may face, they can not give up. I believe that this is the main theme of the poem, perseverance. â€Å"So, boy, don’t you turn back./ Don’t you set down on the steps./ ‘Cause youRead MoreAnalysis Of The Poem 896 Words   |  4 PagesThe Deformity The bright lights and unknown voices travelled around me. It surly wasn’t the first time I had experienced this, but it was the first time I could actually recognize what was going on. They tried to ease my nervousness with their soothing words, but being so anxious nothing could soothe me. It all started at birth. My deformity was nothing new to the medical world, but in my parent’s eyes it was something out of fiction. My feet were turned in like hockey sticks. 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Hence, from here we can see that societal norms destroy the innocence of youth as they repress their souls with so-called education. By doing so, the author is telling us toRead MoreAnalysis Of The Poem The Fish 1047 Words   |  5 PagesModernist Poetry Analysis February 25, 2015 â€Å"The Fish† Imagism is a style of poetry that employs free verse and the patterns and rhythms of common speech. The poet is free to write about whatever they want. The goal is to unify voice and image into a talking picture. Poets then have the power to make words into things. This then creates a picture for the reader. Marianne Moore is able to perfectly get her point across without directly stating it but making it clear enough. Moore’s poem â€Å"The Fish† usesRead MorePoem Analysis836 Words   |  4 PagesExperiments suggested that linearly increasing perturbation rate is more desirable over other introduced perturbation rates. It was proposed that some more perturbation rate varying schemes such as adaptive, chaotic, non-linear etc. will be explored and their performance will be examined in near future. To enhance the local search ability of spider monkeys in the original SMO, K. Gupta, et al., [30] propounded a Quadratic Approximation operator in her research â€Å"Improving the local search abilityRead MoreAnalysis Of The Poem Beowulf 851 Words   |  4 Pagesoffers literary analysis of Beowulf, the oldest epic poem that has survived in English literature. It is also widely known as the earliest surviving piece of literatures in vernacular European Literature. The language of this poem is Old English, spoken by Saxon people. This poem depicts a traditional story that is a part of oral Germanic tradition. As per experts, this is work of a single poet and was composed in then England. It has been determined by the scholars that this poem was written betweenRead MoreAnalysis Of The Poem The Dead 1416 Words   |  6 Pages The Dead Muse: A Critical Analysis of The Raven Your Name Your University â€Æ' The Dead Muse: A Critical Analysis of The Raven The Raven by Edgar Allen Poe is a very famous poem which intricately weaves layer upon layer of meaning through singsong verses. Combining allusions to literature, mythology and religion, the poem tells many stories at once while evoking a feeling of nonsense and a descent into insanity. It is hard to understand what the poem is about—if anything at all, and Poe does notRead MoreAnalysis Of The Poem Howl 1406 Words   |  6 PagesHistoric Analysis of ‘’ Howl ‘’ ‘’Howl’’ was a poem written by  Allen Ginsberg in 1956. For us to understand the poem it is necessary for us to understand the history behind the poem. ‘’ Howl ‘’ was published in 1956, right after the devastating World War II. After WWII that’s when the American dream was in full force throughout the whole world. Many Immigrants were trying to migrate to the US at that time for a better living. At the same time media was becoming big and powerful gaining trust from

Importance of Business communication-Free-Samples for Students

Question: Discuss about the Importance of Business Communication. Answer: Introduction: The aim of the assignment is to throw light on three projects; the first being a literature review, the second being a report on small business in the form of an interview and the third is a group report. The opening section deals with preparation of report, which outlines the difficulty in preparing the project. The next section tells about the utility of the projects to the users and the experience gained while preparing them. The last section deals with the importance of business communication in the future. Preparation of the project: I have prepared the project with great effort by consulting several literary sources and by interviewing the Indian storeowner in Australia. The preparers while preparing the report on sustainability have discussed various topics like sustainable living and sustainable use of energy. The collection of the vast amount of data and its assimilation must have been very tedious but enjoyable. The literature reviews draws its strength from several journals and articles, which shows that the reviewers have put in great effort and time. The interview of one of the partners of Patel Brothers, Mr. Sanjay Patel was short but informative. It contains a wide range of information on the advantages of partnership business, the methods which the firm follows while conducting business and their future business plans. The interview must have been enjoyable and enriching because the interviewers gained a lot of knowledge on conducting business but they must have faced certain difficulties. Firstly, they must have faced problem in convincing Mr. Patel to take the interview and reveal such confidential data. The group effort must have been very enjoyable since the group members could collaborate in preparing a report, which was very enjoyable. The difficulty in preparing the group report was collating the efforts of so many members. It can also be pointed out that it must have been difficult for the members to find time to work together. The unavailability of certain members or absence of their responses to phone calls was also an issue. Ethics and cross-cultural communication are vast areas and preparation of report on them requires hard labor. Conducting extensive research and choosing the appropriate materials from the vast quantity of information available must have been challenging. Utility of the projects: The first project was a literature review dealing with sustainability and it was very helpful. The work has rich matter of knowledge derived from various secondary sources. The matters in the review can prove to be helpful in making future projects based on sustainability. The second project was a report on small business in form of an interview. The interview was helpful because it served a primary source of knowledge about real life small business. It helped to know a lot about how small business organizations run their business. The interview also sheds light on how the small businesses segment their markets and expand into new markets. The interviewee Mr. Patel also gave an idea about how the micro business firms market their products and plan their product line. Mr. Patel also revealed how while working at Coles discovered the growing demand for Indian grocery product among the Indian Diasporas in Australia. He recognized this new demand and perceived the vision of an entrepreneurial venture to start a Indian grocery business. He threw light on how he developed his entrepreneurial skills to start and sustain his business. His interview has very important information about how he balances between his business and personal life. The information in t he small business interview can be helpful to people, aspiring them to start entrepreneurial ventures of their own. Moreover, the matter in the interview can be used in future projects related to a wide range of topics like entrepreneurship and small-scale business operation. The group report on business ethics and cross-cultural communication contains valuable information on these subjects. The preparation of group report was very helpful because it teaches teamwork and collaboration. Group report preparation inculcates the capability of working in a team among the members. It is helpful because it sharpens the communication skills and understanding power of the team members. The rich subject matter on business ethics and cross-cultural communication can be used in making future projects. Importance of business communication in the future: General experience of study of business communication: My general experience of studying business communication was interesting and challenging at the same time. Business communication encompasses several topics like formal communication, diversity and so on. It must have been very tedious covering such a vast body of knowledge but it must have been very interesting and enriching. Benefits of studying business communication: Studying of business provided certain benefits to me as a student because it taught me the communication skills. The knowledge of communication, communication methods and diversity management shall help me to communicate better with my colleagues. It shall sharpen my leadership skills, which shall aid me in leading teams and departments in the future. Strong communication skills and leadership qualities bring about promotions and career growth. Future importance of business communication: Building customer relationship: Business communication helps companies to create strong relationship with the customers and cater to their needs better. The companies use communication methods like promotions to create demand in the market for their products. This demand helps these companies to sell their products to large number of consumers and generate huge revenue. The huge base of buyers and generation of vast amount of revenue are very important for the future growth of the companies. Hence, communication helps companies to promote their products, which creates future demand and revenue generation. Business expansion in future: The companies communicate strategic information like their profits, share prices and product lines. This communication strategy helps in attracting business partners like distributors, which helps them to penetrate new markets. Thus, business communication helps the companies to attract organizations, which can collaborate to bring about future business expansion. Motivate team: The team leaders and departmental managers communicate the important business decisions and communicate with their subordinates to gain their participation. This establishes a communication channel, which enforces cooperation and collaboration among the team members. This motivates the team members to perform higher which ultimately helps the organizations in achieving both short and long-term target. Thus, communication can help the organizations to motivate their teams and achieve their future business target. Expansion of customer base: The companies communicate their future product strategies and upcoming products using various types of marketing strategies. This creates future demand for the products of the companies, which facilitates sales in the future. Thus, business communication actually helps the companies to pave way for future cash inflows. It can also be pointed out that business communication helps the companies to sustain the competitive market. Conclusion: It can be summed up that the projects help the preparers in multiple ways. The preparers gain new knowledge and can use it in their future assignments. The group activities and interviews sharpen communication skills. All projects have their own share of hardships and advantages. Business communication as a subject is challenging as well as interesting. It has great future significance to both the companies and their employees. It helps in ensuring future business partnerships, expand customer base and increase future inflow of cash.

Responsibility Industry Corporate Social -Myassignmenthelp.Com

Quesstion: Discuss About The Responsibility Industry Corporate Social? Answer: Introducation In todays industry practices, Corporate Social Responsibility (CSR) is dishevelled with many MNCs and industries in strategic planning procedures. The drivers behind CSR can be due to the reason for showing responsibility towards human and environment. This can also be said that companys along with producing product or service has to take responsibility to satisfy entire stakeholders those can be common people, employees, owners, buyers or government. According to Mallen Baker, "CSR is about how companies manage the business processes to produce an overall positive impact on society"(Careers and Industry Guide, 2017) Competitors, government and populations often influence organisations to destabilize or undertake unethical motives. Laws and penalties levied by government and legal bodies keep safeguard of ethics and social values of industries. Legal processes if structured accordingly ensure international borders are not exposed only for self interest. CSRs confirms shareholders tha t their organisations provide maximum profit out of processes while ensuring to make positive impact on environment and society. Implementation of CSR in industries has been visible immensely since the last decade as organisations are tending to be modest in behaving under CSR criterias(Aras, 2008). Australian companies those are listed in stock exchange have taken initiatives by showing their part of responsibility towards nation. According to a study made by Australian Centre for CSR, Australian companies have increased their awareness regarding CSR(Mendoza, 2017). Good initiatives shall always be encouraged so that working with communities proactively alleviates the potential by damaging obstructions in business and create significant benefits for long term(The conversation Media Group, 2017). This report will make research on implementation of CSR while demonstrating the way corporate governance may contribute to higher standards of business performance and accountability in min ing industry of Australia. Corporate Governance And Sustainabilty Of Mining Industry In Australia Mining industries are accountable for a noteworthy proportion of GDP in many developed nations and has an impending prospective to deliver sustainable economic growth to worlds most needful communities. In global context, the societal anticipation is growing towards corporate, especially in developing nations to foster responsibility by not generating profits only but benefiting entire community with their presence. Large MNCs and global resources sectors are responding to expectations by adopting high profile range of CSR guidelines and sustainability frameworks along with serving public relation practices. Despite of considerable potential in economy along with environmental and social impact on mass commune, many low profile and small Australian mining and exploration companies operates ignoring CSR practice in the country(Rice, 2016). While making the research it was found that junior levelled industries and communities focussed to approach CSR and while visualising the contracti on in operations, they failed to understand the overall importance of CSR(Lyons, 2016). Various theories in CSR will explore the complex force that shapes mid tier mining industry in Australia and implement CSR and sustainability in their challenging operational environment. The critical research in CSR practices of resources sector has been seen delivering inappropriate operations and also been accused of making unexpected processes. CSR programmes are been conceded without consulting communities and is been carried without thinking about its priorities. Those industries are also criticised as developers of environment and social damage whereas billion dollar brands becomes vulnerable to communities and suffer fallouts from mining sector without sharing much benefits out of it. Global conglomerates in mining sector remain only handful that also dominates the industry. Many junior resources industries who explore potential mineral deposits are sold off to big companies in order to develop and carry business according to countrys austere laws and regulations(Scilly, 2017). Thus they have pitiable reputation and have got a history of getting targeted by developing nations which has got weak environmental regulations. These companies lack CSR knowledge and the amount of significance they has on the regions they operate which is the reason they are been under rated in CSR and sustainability investigation and shows that larger companies gets disproportionate focus. This report will make study of few CSR theories which will assist small mining industries and develop their challenging force while responding to social expectations and behaviour towards environment in responsible way. Theories Of Csr And Sustainabilty Institutional theory: This theory states that the behaviour of firms is regulated by institutional field or environment. The major constituents of field include scope of firms activity, social context and network of social relationships. The institutional environment brings uniformity in practices carried by businesses through mechanisms namely normative, coercive and mimetic. Mimetic practices deals with peer strain on firms to obey rules. Coercive refers to technical pressure that aspires companies to get align with societal prospect. Normative mechanism refers to internalization of credence about sustainability and suitability of behaviour. The forces of institutional theory drive organisations to get in line with belief and social norms along with internalization of processes from external force. Mining industries in Australia can be conceptualised as socially co ordinate unit which functions on an incessant basis to achieve goals. Thus it can be said that specific group of organ isations are likely to be exaggerated by regulations. CSR designates the organisation to voluntarily behave by not harming its stakeholders and besides looking into business issues, also look after environmental and social issues. The institutions drive organisations to select norms and align their behaviour with norms, while institutional theory demonstrates the reason behind performing CSR activities(Mishra, 2016). Integrative theory: This theory focuses on detecting and scans respondents of social demands while generating social authenticity. Integrative theory enables exceeding social acceptance and prestige of companies by making corporate laws in favour of society and environment. The management identifies issues in corporate and evaluates while responding to political and social issues those might place impact on business. The basic responsibility towards public in this theory considers suitable managerial behaviour that is found in relevance with people policy. The board prototype of social trend is reflected in public opinion and reduction in social issues. Legal requirements and enforcements are also said as drivers of such CSR theories in industries and implementation processes for sustainability. Managing stakeholders is an approach towards public who are directly or indirectly affected by industries policies and procedures. This theory increases the advantages by stimulating sensitiv ity of people and environment as then the stakeholders might understand the dilemmas faced by organisations. Corporate social performance can also be said as a set of theories which searches for social authenticity while giving efforts towards gaining appropriate response(Garriga, 2004). Utilitarian theory: Under this theory the corporations performs as an element of economic system which has got functional mechanisms traditionally known as profit maximising. Corporate responsibility idea had emerged after realising the need for economic responsibility along with maintaining ethics in business. According to analysis made by Secchi, utilitarian theory gives way to businesses by determining individualism in controlling public and responsibilities towards self and social communities(ISMAIL, 2009). This theory is synonymous with instrumental theory under which the corporate are seen only as an instrument for creating wealth, and social activities for them are only a tool for achieving economic results. In instrumental theory, the basic idea behind investments is to invest in local communities only and according to Friedman, the investors shall perform activities that serve revenues for long terms while providing resources and facilities for the source of income of public living in similar community. On the other hand utilitarian theory is associated to strategies for competitive advantage theories as formulated by authors like Porter and Cramer, who have formulated their theories according to dynamic use of natural resources for competitive advantage. These theories also include unselfish nature of industries as they are recognised socially and treated as an instrument for marketing purpose. Utilitarian theory can further be divided into social cost theory and functionalism theory. The social economic system of communities is highly influenced by non economic forces of corporate which are the basis of social cost theory or instrumental theory in CSR and shall be taken as social power of companies whose specific purpose is to build relationship between politics and society. The functionalism theory advocates that industries and corporations are seen as a part of economic system whose ultimate goal is making profits and the firms shall make investmen ts so that stakeholders get maximum profits out of it. Thus, the basic purpose behind this theory is to give industrial systems a defensive tool i.e. CSR tactic that could provide making balance between profiteering and social objective for equilibrium of economic system(ISMAIL, 2009). Implementation Strategy Of Csr In Mining Industry Implementation strategy of CSR program as stated by Lynch (2006) is been developing as compared to earlier days. The key factors emphasizing strategies of company are welfare and competition improvement, market competition, global and local demands, empowerment and involvement of workers for setting industry policies, evolution of technological and communicational forms and lastly the fallout of industries due to ethical problems. According to the author, social responsibility and innovation are taking crucial part in industries strategies(Setyadi, 2013). The strategy contains overall of the organisation and states how the company carry their structure and financial models while stating their allocation of available resources to realise maximum outputs. Competitive or business strategy which shows the level of competition with the surroundings includes its competitors. While the operational strategy concentrates on various divisions of company that offers contribution. Some authors h ave also put an effort in maintaining sustainability of mining sector by including a category in corporate strategies. The strategy that mentions sustainability strategies in industries is based on knowledge management and social information which supports the continuity in mining operations. By implementing this strategy, mining companies applies for advancement in enhanced corporate governance, turnover and social environment(Ranngen, 2015). In order to get sustainable advantage, maintaining nominal economic performance is necessary so that stakeholders expectation is fulfilled. The companies will not survive if normal CSR is not carried by it unless; government subsidy or funding from private entry is provided(Yakovleva, 2005). The first level in implementing CSR in mining industry is to achieve turnover as bigger the profits are, bigger allotment can be made for CSR programmes. A fair CSR strategy will always carry responsibility by following the principle of fairness and equity which requires considerable amount of investment in it. Industries can conduct communication and uphold fair relationship with local community along with government by operating safely and making profit without interfering in their day to day life. Second strategy that can be applied is improving mining operations is by strengthening development of business. As mining industries operates on natural resources those are non-renewable in nature, the company, to remain sustainable has to find new locations whenever their present locations seems to be dwindling(Hohnen, 2007). Implementing CSR program in mining industry is difficult as in the exploration phases the companies cannot implement profit enhancing strategies. Therefore only in vestment preservation strategies suites best for them which is why local communities and government are required to be maintained for generating favourable situations in preservation process. Investors also look for environmental situations and preservations to decide upon investment of their capital. However to carry operations between communities and company, ethics maintenances is also required to be considered as many companies closes due to ethical misbehaviour. It is expected that mining industries shall also implement ethical duties in their CSR strategies as it constitutes as an important role in industry environment(Setyadi, 2013). BENEFITS OF IMPLEMENTING CSR STRATEGIES This report has made analysis of various theories and strategies in implementation process of CSR programs for sustainability in mining industry in Australia. In order to get motivation behind implementing it, benefits behind implementation process shall also be seen by the companies that could secure them for operating their mining business while strengthening relation with their surroundings. Socially tied mining industries are quick in realising success as compared to no social tied ones. If companies do not maintain CSR in their business, the activities carried by them become highly vulnerable. In order to get continuous run and sustainability, CSR programs is highly recommendable as the benefits received then can be seen by both company and communities(Muir, 2015). Besides, the chance of improving infrastructure and healthy lifestyle is observed; it will also reduce the burden in terms of education and earnings. Government is also benefitted by getting a relief in the form of es tablishments made according to welfare of people and promoting regions which are unrecognised(Ksiezak, 2016). Therefore, when companies establishes CSR practices and coordinates with government, sustainable development is realised easily. Other benefits of CSR programs and knowledge management makes organisations committed to making employees learn and develop talent pool in them so that work efficiency is increased. Increment in accountability standards and performance is recognised quickly while CSR are taken as compulsory process in companys operations. The reputation and publicity improves relationship with stakeholders while local communities become supportive. Innovation and cost curtailing is obtained while getting an access to markets and thus chance of increasing production becomes conventional. While involving community and practicing in social responsible manner, environment is protected along with securing human rights and fair operational practices. The companys brand i dentity is also strengthened by approaching to CSR institutions rather than focussing on making advertisements only which are limited to few audiences(Creative Commons, 2017). Conclusion After making analysis of CSR implementation processes, theories and role of CSR for maintaining sustainability in mining sector, the junior mining sectors in Australia demands involvement of three parties i.e. government, company, and society. The implementation of CSR shall be made from the beginning stage of commencement and while entering into the sites. The benefits achieved by the industries can be seen with stability in operations and achieving sustainability by getting permits from government and social communities. One of the most successful mining industries situated in Australia is BHP Billiton who has set an example for other mining industries in terms of maintaining CSR programs in mining operations(BHP Billiton: Resourcing the Future, 2014). Benefits received from implementation of CSR process in few mining industries proves that maintaining social responsibility along with profit making is highly appreciated by government and people. Normally mining sites are located in villages and underdeveloped regions, realising community development is ascertained if CSR program enabled companies are increased in those areas and government shall also support for such grateful presence of companies in those areas. On the other hand, companies shall also maintain their part of responsibility to support sustainability of mining industry in Australia. Environmentally, minimising side effects shall also be considered by companies by taking environment as their first priority. During the time when new site is detected, peeling of soil and plants is done which is threatening the biodiversity in those areas. Thus companies are challenged to avoid making adverse collision of territory and minimise destruction by changing procedures. Thought out mining plan can safeguard biodiversity and environmental destruction. Therefore on concluding note it can be said mining companies who shows utmost interest in environment and CSR are the ones who contributes to high standards of accountability and business performance while possessing sustainable division in country(Yakovleva, 2000) References Aras, C.C.a.G., 2008. Corporate Social Responsibility. [Online] Available at: https://mdos.si/Files/defining-corporate-social-responsibility.pdf [Accessed 09 October 2017]. BHP Billiton: Resourcing the Future, 2014. Value through Performance: Annual Report 2014. [Online] Available at: https://www.bhp.com/~/media/bhp/documents/investors/annual-reports/bhpbillitonannualreport2014.pdf [Accessed 09 October 2017]. Careers and Industry Guide, 2017. Building Better Community Relationships. [Online] Available at: https://www.miningoilgasjobs.com.au/mining/all-you-need-to-know-about-the-mining---metals-sec/building-better-community-relationships.aspx [Accessed 09 October 2017]. Creative Commons, 2017. Three Theories of Corporate Social Responsibility. [Online] Available at: https://2012books.lardbucket.org/books/business-ethics/s17-02-three-theories-of-corporate-so.html [Accessed 09 October 2017]. Garriga, E.M.a.D., 2004. Untangling the Jungle of Corporate Social Responsibility Theories. [Online] Available at: https://www.ieseinsight.com/doc.aspx?id=389 [Accessed 09 October 2017]. Hohnen, P., 2007. Corporate Social Responsibility: An Implementation Guide for Business. [Online] Available at: https://www.iisd.org/pdf/2007/csr_guide.pdf [Accessed 09 October 2017]. ISMAIL, M., 2009. CORPORATE SOCIAL RESPONSIBILITY AND ITS ROLE IN COMMUNITY DEVELOPMENT: AN INTERNATIONAL PERSPECTIVE. [Online] Available at: https://www.sosyalarastirmalar.com/cilt2/sayi9pdf/ismail_maimunah.pdf [Accessed 09 October 2017]. Ksiezak, P., 2016. The Benefits from CSR for a Company and Society. [Online] Available at: https://jcrl.umk.pl/files/7815/0102/1176/ksiezak.pdf [Accessed 09 October 2017]. Lyons, M., 2016. CORPORATE SOCIAL RESPONSIBILITY (CSR) IN JUNIOR AND MID-TIER AUSTRALIAN RESOURCES COMPANIES OPERATING IN DEVELOPING NATIONS BEYOND THE PUBLIC RELATIONS OFFENSIVE. [Online] Available at: https://eprints.qut.edu.au/92310/1/Margaret_Lyons_Thesis.pdf [Accessed 09 October 2017]. Mendoza, 2017. Mining and sustainability:experience from Australia. [Online] Available at: https://im4dc.org/wp-content/uploads/2013/07/Mining-and-sustainability-in-Australia-English.pdf [Accessed 09 October 2017]. Mishra, S.S.D.a.N., 2016. Institutional Theory as a Driver of CSR: An Integrative Framework. [Online] Available at: https://www.anzam.org/wp-content/uploads/pdf-manager/2844_ANZAM-2016-407-FILE001.PDF [Accessed 09 October 2017]. Muir, S., 2015. Top 5 benefits of Corporate Social Responsibility. [Online] Available at: https://cubegroup.com.au/top-5-benefits-of-corporate-social-responsibility/ [Accessed 09 October 2017]. Ranngen, H., 2015. Advancing CSR in the Mining Industry. [Online] Available at: https://ltu.diva-portal.org/smash/get/diva2:991215/FULLTEXT01.pdf [Accessed 09 October 2017]. Rice, S.S.a.J., 2016. Australian corporate social responsibility reports are little better than window dressing. [Online] Available at: https://theconversation.com/australian-corporate-social-responsibility-reports-are-little-better-than-window-dressing-66037 [Accessed 09 October 2017]. Scilly, M., 2017. Four Types of Corporate Social Responsibility. [Online] Available at: https://smallbusiness.chron.com/four-types-corporate-social-responsibility-54662.html [Accessed 09 October 2017]. Setyadi, B.S.K.R.a.S.R.H., 2013. The Role of CSR as Corporate-Level Strategy in Mining Companies Case Study in Indonesia. [Online] Available at: https://pakacademicsearch.com/pdf-files/eng/510/82-95%20Vol%203,%20No%2010%20(2013).pdf [Accessed 09 October 2017]. The conversation Media Group, 2017. Australian corporate social responsibility reports are little better than window dressing. [Online] Available at: https://theconversation.com/australian-corporate-social-responsibility-reports-are-little-better-than-window-dressing-66037 [Accessed 09 October 2017]. Yakovleva, N., 2005. Corporate Social Responsibility in the Mining Industries. [Online] Available at: https://books.google.co.in/books?id=rAwkDwAAQBAJpg=PT100lpg=PT100dq=IMPLEMENTATION+STRATEGY+OF+CSR+IN+MINING+INDUSTRYsource=blots=3Zwr7RllwNsig=k8YCip9ckpETWPT2dENs1txN9n8hl=ensa=Xved=0ahUKEwiW8cjltOPWAhUBs48KHR8-AS84ChDoAQhWMAM#v=onepageq=IMPLE [Accessed 09 October 2017]. Yakovleva, H.J.a.N., 2005. Corporate social responsibility in the mining industry: Exploring trends in social and environmental disclosure. [Online] Available at: https://www.academia.edu/3204698/Corporate_social_responsibility_in_the_mining_industry_Exploring_trends_in_social_and_environmental_disclosure [Accessed 09 October 2017].

Nbfi Essay Example

Nbfi Essay Non Banking Financial Institutions in Bangladesh: Initially, NBFIs were incorporated in Bangladesh under the Companies Act, 1913 and were regulated by the provision relating to Non-Banking Institutions as contained in Chapter V of the Bangladesh Bank Order, 1972. But this regulatory framework was not adequate and NBFIs had the scope of carrying out their business in the line of banking. Later, Bangladesh Bank promulgated an order titled ‘Non Banking Financial Institutions Order, 1989’ to promote better regulation and also to remove the ambiguity relating to the permissible areas of operation of NBFIs. But the order did not cover the whole range of NBFI activities. It also did not mention anything about the statutory liquidity requirement to be maintained with the central bank. To remove the regulatory deficiency and also to define a wide range of activities to be covered by NBFIs, a new act titled ‘Financial Institution Act, 1993’ was enacted in 1993 (Barai et al. 1999). Industrial Promotion and Development Company (IPDC) was the first private sector NBFI in Bangladesh, which started its operation in 1981. Since then the number has been increasing and in December 2006 it reached 29. Of these, one is government owned, 15 are local (private) and the other 13 are established under joint venture with foreign participation. 1. 1 Recent Development Activities of NBFIs The major business of most NBFIs in Bangladesh is leasing, though some are also diversifying into other lines of business like term lending, housing finance, merchant banking, equity financing, venture capital financing etc. Lease financing, term lending and housing finance constituted 94 percent of the total financing activities of all NBFIs up to June 2006. We will write a custom essay sample on Nbfi specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Nbfi specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Nbfi specifically for you FOR ONLY $16.38 $13.9/page Hire Writer A break-up of their financing activities reveals that the share of leasing and housing finance in the total investment portfolio of NBFIs has gradually decreased from 59 and 15 percent, respectively, in 2002 to 46 and 14 percent in June 2006. The share of term loans, on the other hand, has increased from 20 percent to 34 percent during the same period implying increased focus on the former. The evolvement of NBFI business activity is observed in Figure- 1. 1. It can also be seen from the figure that the portfolio mix of NBFIs has become quite stable from 2004. NBFIs offer services to various sectors such as textile, chemicals, services, pharmaceuticals, transport, food and beverage, leather products, construction and engineering etc. The percentage of the sector wise distribution of NBFIs investment in 2005 is given in Figure- 1. 2. Although an individual NBFI may have a different portfolio as per its business strategy, the aggregated data shows that NBFIs mainly focus on real estate housing (13%), power energy (12%), textile (11%) and transport sector (9%). Service (finance and business) is another area of importance for NBFIs. From the perspective off broad economic sectors, investment in the industrial sector (42%) dominated that in the service sector (33%) in 2005. NBFIs are also exploring other sectors namely ‘pharmaceuticals chemicals’, ‘iron, steel engineering’, ‘garments accessories’, ‘food beverage’ and ‘agro industries equipment’. The weight of these sectors is 23 percent of the total portfolio. Sector wise distribution of outstanding investment of NBFI The contribution of NBFIs’ financing activities (lease, loan, housing, investment etc. to the overall economy persistently increased over the years as can be seen in Figure -1. 3. In 2001, the share of NBFIs’ financing to total GDP had been only 0. 84 percent, which was more than doubled within 5 years and became 1. 83 percent in 2005. The comparative figures for the banking sector were 34. 55 and 41. 32 percent in 2001 and 2005, respectively. The average yearly grow th of NBFIs’ contribution to GDP was about 22 percent during this period as compared to 4. 7 percent of that by the banking sector. Even in the regional context, performance of NBFI sector is quite robust. 2. IPDC at a Glance . 1 – IPDC as an NBFI IPDC, the pioneer of the leasing industry in Bangladesh was first convinced as a result of an IBRD/IFC Industrial sector mission to Bangladesh in 1978. Subsequently a detailed feasibility study and strategic policy dialogue among the Government, IFC and other International in the establishment of IPDC as an alternative development finance institutions in the private sector. The company in 1981 became the first private sector Development Finance Institution (DFI) in Bangladesh. Now it becomes the most relevant and sophisticated Non Banking Financial Institution in the country. . 2. – IPDC at a Glance For the last two and a half decades the name IPDC has been synonymous with excellence, quality, integrity, innovation and pioneering spirit. There are the traits that IPDC continuously aspire to live up. As a company that has inherited a rich legacy of technical know how, engineering expertise, managerial and financial acumen, and, a bove al, the goodwill and loyalty of employees, shareholders, business associates and hundreds of customers. IPDC is continuing to build business on the ethics and values in IPDC. Milestones: Incorporation of the Company |: 1981 | |Sponsoring the establishment of the first leasing company of Bangladesh (IDLC) |: 1984 | |First institutional funding to private sector education (Scholastica School) |: 1998 | |Financing the first private sector cellular telecom company in Bangladesh (Citycell) |: 1998 | |Issuance of Cumulative Redeemable Preference Share pioneer among the Financial Institutions |: 2001 | |Issuance of Zero Coupon Bond through Asset Backed Securitization |: 2004 | |Public Issuance of Shares |: 2006 | |Trading of shares on DSE and CSE |: 2006 | 2. 3 Capital and Shareholding Structure of IPDC: At beginning IPDC was first established by I distinguished multilateral team of shareholders. The founder shareholders of IPDC are: The Government of Peoples’ Republic of Bangladesh (GOB) – 30. 0% Commonwealth Development Corporation (CDC), of the UK – 17. 5% German In vestment Development Company (DEG), of Germany – 17. 5% International Finance Corporation (IFC), an affiliated of the World Bank – 17. 5% The Aga Khan Foundation for Economic Development (AKFED) – 17. 5% Presently AKFED is the majority shareholder with 66% ownership of IPDC and Government of Bangladesh holds 28%. The present share holding structure (an on 31 December, 2007) of IPDC represents the following scenario: |Shareholder |No. of Shares |Paid Up Capital |Percentage | |Government of the Peoples Republic of Bangladesh (GOB) |1,350,000 |135,000,000 |22% | |Aga khan Foundation of Economic Development (AKFED) |3,149,992 |314,999,200 |51% | |Summit Industrial Mercantile Corp. (Pvt. Limited |140,070 |14,007,000 |2% | |Alliance Holdings Limited |140,070 |14,007,000 |2% | |General Public |1,390,000 |139,000,000 |23% | |Others |8 |800 |0% | |Total |6,170,140 |617,014,000 |100% | Table 2. 1 – Shareholding structure of IPDC 2. 4 Present and Future Outlook of IPDC: IPDC has very well defined and elaborate statements crystallizing the management’s view about the organization’s current and long term path. 2. 4. 1 Vision: To be the most respected and innovative financial institution of the country 2. 4. 2 Mission: To be the brand of quality and integrity for delivering innovative and tailored financial solutions to a diverse client base Figure- 2. 1 – Shareholding structure of IPDC 2. 4. 3 Objectives: To ensure maximum returns on investment Profitability is key to achieving superior returns, building our capital and motivating and retaining our best people. ( To ensure steady sustainable growth in business Our increasing corporate profits since inspection have been manifestations of our steady growth. Amidst a competitive environment, our goal is now to take the organization forward with excellence in all our operations. We shall harness and use our distinctive competencies to ensure a long term competitive advantage. ( To improve the quality of service Our strength is not in the volume but in the quality of service that we provide. Our clients’ interests always come first. We relentlessly strive to anticipate the needs of changing needs of our clients and to develop better solution to those needs. Our experience tells that if we serve our clients to the best of our ability, our own success follows. ( To crate innovative product and services Creativeness and imagination is encouraged in everything we undertake. We pride ourselves in having pioneered many products and services that have become standard in the industry ( To maintain highest level of ethical standard We are dedicated to comply fully with the spirit of laws, rules and ethical principles that govern us. Our continued success depends upon unwavering adherence to these standards. Core Values: ( We address clients’ need promptly, impartially and with utmost importance. We take great pride in our dedicated teams of staffs members and will continue to develop potentials and skills at all levels within our organization by rewarding outstanding performance and promoting from within to develo p a climate of high expectation and achievements. ( We remain quality-minded and devoted to uphold our corporate culture. ( We will retain our position of leadership in this field through our commitment to quality, compliances, services and values. ( We will continue personal and corporate involvement in activities benefiting the society and nation. ( We uphold the values of the communities we are privileged to serve by honoring their traditions and preserving the environment. We pledge to remain alert to economic changes which affect our businesses and to respond to ever-changing market demand. ( We will continue to confront all challenges through planning, balanced, diversification and orderly growth. 3. Organizational Structure of IPDC The organizational structure of IPDC is well structured and well defined. A saturated hierarchical work flow is developed for maintaining the chain of command properly. IPDC have six core departments in where every head of each department is liable for the activities of that department and responsible for reporting to the Managing Detector CEO. Exception is existed in the case of company secretary and internal audit department. Head of internal audit and company secretary is responsible for their reporting directly to the Board of Directors. On the following pages the detail organogram of IPDC is presented. The roles and activities of these departments are very fragmented and well established. Moreover every department enjoys the rights to reorganize their tasks according to their work load. On the following we are describing some core activities of different important departments in IPDC. 4. Product line of IPDC IPDC specialized in project financing and provides innovative investment solutions. This includes investing in projects that add value and contribute to the country’s overall economic development. IPDC has also special focus in infrastructure and social sector projects. IPDC has also been proving innovative investment solutions and project advisory service to its clients in industrial and social sector like education and health care. The positive image of IPDC has been established through more than two decade of consistent commitment towards excellence in providing financial service. With a conscious effort to anticipate influence in the domestic and foreign environment, IPDC has the ability to adapt to the changing needs of time. IPDC envisages continuing and expanding its role as a catalyst in inspiring, strengthening and enhancing the financial sector development of the country. IPDC has pioneered the concept of lease financing in Bangladesh. It was one of the Industrial Development Leasing Company of Bangladesh Limited (IDLC). Another IPDC initiative has been developing the concept of house mortgage finance in the country. IPDC was also promoter shareholder of National Housing and Finance Company Ltd. (NHFL). IPDC has been credited with pioneering subscription of cumulative Redeemable Preference Share and issuance of Zero Coupon Bond through asset backed securitization as an alternate means of finance. The product pattern of IPDC can be presented as below 4. 1 – Corporate IPDC is specialized in corporate and project financing. Financial engineering and investment solution prescribed by IPDC are based on project needs. Various segment of the Corporate and project finance include 4. 1 Investment product: Corporate Service: Lease Finance Project Finance Appraisal †¢ Term Loan Project Loan Syndication †¢ Short Term Loan Working Capital Arrangement †¢ Work Order Finance Syndication Service †¢ Quasi Equity Investment Corporate Financial Advisory service †¢ Equity Investment Securi tization of Receivables Features, terms and conditions of corporate products are highly customized and negotiable. 4. 2 IPDC Retail Product With the commencement of retail business in July 2006, IPDC provides the wealth creation opportunity for individuals and investment prospects for institutions. This segment offer wide ranging liability products for all quality of people. Within a very short span of time IPDC was able to attract a broad range of individual and institutional clients. The lifeblood of the retail segment is its customer and IPDC offer personal and individual services to its clients. IPDC continuously strives to recognize the clients by anticipating and responding to client needs. 4. 3 Liability Products IPDC has possessed a wide liability product line in retail segment. The products are designed with the consideration of different targeted and niche market. 4. 4 Profit based Schemes: Under this schemes profit or return is paid to the investors after a certain time period. Products details are given below. Annual Profit Schemes (APS), Quarter Profit Schemes (APS), Monthly Profit Schemes (MPS) are given below Return paid of yearly APS QPS MPS |Term |1-3 Year | |Term |5Years 11 Months | |Maturity Amount |BDT 1,000,000. 00 | 4. 7 Millionaire Deposit Schemes (MDS): Under this scheme depositor initially have to deposit an initial amount then s/he has to continue a monthly installment till maturity. The products are as follows: |Initial Deposit |BDT 100,000. 00 |BDT 50,000. 00 | |Monthly Installment |BDT 10,000. 00 |BDT 10,000. 0 | |Term |5Year 7 Months |6 Years | |Maturity Amount |BDT 1,000,000. 00 |BDT 1,000,000. 00 | 4. 8 Deposit Premium Scheme (DPS): Under this scheme depositors have to make a monthly installment and at the maturity s/he will receive a fixed amount. Product details are as follows: |Monthly Installment |BDT 10,000. 00 | |Term |3 Years | |Maturity Amount |BDT 430,000. 0 | 4. 9 Fixed Deposit – Institutional IPDC is very much sincere to provide the highest value to the corporate fund. This scheme provides institutions the secured investment option with a maximum value of corporate fund. The terms, conditions, product features are highly customized and negotiable. 4. 10Asset Product In parallel to expanding our range of liability product, IPDC also plans to introduce various asset based retail products to serve the client needs with maximum possible effort and sincerity. This products are- 4. 10. 1 Auto Loan IPDC recently launched (January 2008) their auto loan product with a huge market campaign. The target markets of this product are salaried executives, business person, and self employed professional. Loan amount have to be repay over 60 months for reconditioned car and over 72 months for brand new car. Int. Rate and loan processing fees are very competitive. 4. 12 Commercial Innovativeness of IPDC IPDC is renowned for their innovative and smart commercial policy. They not only limit their commercial policy to go through the common policy and fantasy but also try to understand the client need, style, taste, aptitude. Accordingly they design their commercial policy to attract the consumers and increase their client base. On the following some real scenario is given. 5. Functions of IPDC 5. 1 Investment activities: Since 1981 IPDC is playing a major role in corporate financing for that reason IPDC become the market leader in corporate financing. For making the corporate financing more efficient and viable taking proper and correct investment decision is the vital important topic for IPDC, that’s why investment department is treated as the most important department in IPDC and investment activities is treated as the most distinctive competencies for IPDC. This part of this project report will completely focus the investing activities of Industrial Promotion and Development Company (IPDC) of Bangladesh Limited. Analyzing the current investment pattern of IPDC we can observe that IPDC make investment through following pattern: On the following we are trying to analyze the invest activities of IPDC with different aptitude. 5. 1. 1 Year wise Investment Activities Analysis On the initial stages of my analysis I would like to make a scenario view of IPDC’s investment activity analysis based on year to year. With this analysis we can get a clear view of the growth of IPDC’s investment activities over the year. | |2007 |2006 |2005 | |Gross Lease Receivable |478,205,708. 00 |1,294,301,161. 0 |1,772,506,869. 00 | |Less Unearned Income |160,404,858. 00 |207,939,772. 00 |368,344,630. 00 | |Net Lease Receivables |317,800,850. 00 |1,086,361,389. 00 |1,404,162,239. 00 | 5. 1. 2. 4 Short Term Financing This sort of financing represents disbursement of financing to different parties (local and foreign) for a maximum period of twelve months. Risk assessment plays a vital important role in this sort of financing. On the following the present scenario of short term financing of IPDC is given below. Balance at 1-Jan-07 |1,145,737,437. 00 | |Add: Addition |168,902,611. 00 | | |1,314,640,048. 00 | |Less: Recovery |637,376,570. 00 | |Balance at 31- Dec-07 |677,263,478. 00 | 5. 1. 2. 5 Advance against Lease Finance This represents disbursement made for procurement of leased asset which are yet to be executed. On the execution of lease, advances will be transferred to gross lease receivables. On the following pages the detail position of IPDC’s advance against lease position is presented. |Balance at 1-Jan-07 |29,200,000 | | Add: Addition |467,076,493 | | |496,276,493 | | Less: Recovery |428,276,493 | | Balance at 31- Dec-07 |68,000,000 | 5. 1. 3 Industry Sector Wise Investment Activities and Portfolio Analysis of IPDC Deciding the industry sector and the proportion of investment portfolio to be invested in each industry sector is one of the most important roles of IPDC’s investment activities. Because these activities can reduce the total volatility of the firm’s investment and achieve the maximum diversification of the investment. From the pie chart it is seen that â€Å"Miscellaneous Industry† and â€Å"Engendering and IT† industry is the most prominent and dominating sector of IPDC investment. The main reason behind it is that, IPDC always prefer collateral. Projects, which have fixed property (e. g. land, building and any other permanent development on the land), will always be in the lucrative option to IPDC. |Industry | No. f company |Amount Invested |Percentage (%) | | Bank FI |21 |283,566,860 |5. 36% | |Communication |3 |49471427 |0. 94% | |Engineering IT |48 |1157314877 |21. 89% | |Food Alliances |19 |505087855. 3 |9. 55% | |Textile |32 |724845158. 4 |13. 1% | |Medicine Chemistry |13 |449553993. 1 |8. 50% | |Service |29 |943016741. 3 |17. 83% | |Miscellaneous |74 |1174880760 |22. 22% | | | | | | |Total |239 |5,287,737,672 |100% | Lease finance is one of the distinctive competencies of IPDC and most of the leases financing facilities lead to the instrument, machinery, transports. For that reason â€Å"Engendering and IT† sector is being the prominent sector for IPDC investment. IPDC diversified its industry related risk through investment. In Bangladesh perspective industry influence on a particular company is insignificant. 5. 2 Financing Activities: Financing activities is a crucial part of any financial institution. Determination of source of financing, use of financing, matching the financial obligations’ maturity with the investment inflows, determination of the optimum cost of fund are some integral part of financing activities. |2003 | |Share Premium | 167,014,000 | |Statutory Reserve | 105,659,472 | |Revaluation Reserve | 23,627,792 | |Proposed Cash Dividend | 32,393,235 | |Proposed Stock Dividend | 64,786,470 | |Retained Earnings | 632,509,108 | |Total Shareholders Equity | 1,673,854,777 | IPDC is authorized to issue 10,000,000 shares @ BDT 100 each. Up to 31 December, 2007 total 6,487,647 shares is issued. At present the authorized share capital is (6,487,647 ? 100) BDT 647,864,700. 00. On the following share holding structure of IPDC is given- |Foreign |Tk |% | |Aga Khan Fund For Economic Development |330,749,100. 0 |51% | |Others |500. 00 |0% | |Domestic | | | |Government of the Peoples’ Republic of Bangladesh |141,750,000. 00 |22% | |Alliance Holdings Limited |14,707,300. 00 |2% | |Summit Industrial Mercantile Corporation |14,707,300. 00 |2% | |General Shareholders |145,950,200. 0 |23% | |Others |300 |0% | |Total |647,864,700. 00 |100% | Regulatory Capital: In accordance with the Financial Institutions Regulations, 1994 and Bangladesh Bank guidelines as stipulated in FID circular no. 02 of June 29, 2003, every Nan Banking Financial Institution which is registered in Bangladesh as a company has to increase its capital up to BDT 250 million within June 2006 or 6% of total liabilities which ever is higher. As at December 31, 2007, total capital of IPDC is BDT 1,688 million whic h is 30. 57% of its total liabilities. For the purpose of the minimum capital standards, a NBFI is considered adequately capitalized if core capital equals or exceeds the minimum capital. Core capital is defined as the stated value of ordinary shares, retained earnings plus statutory reserve and current year’s profit/ (loss). Core capital does not include any unrealized gain on securities held for trading and revaluation reserve of fixed assets. Total capital base of IPDC is used to meet all requirements. Total capital is defined as the sum of core capital plus provision for future losses equivalent to 1% of unclassified loans/leases. Following table shows core capital and total capital at December 31, 2007 and 2006. Core capital grew to BDT 1,650 million at December 31, 2007 from BDT 1,578 million at December 31, 2006. Total capital grew to BDT 1,688 million at the end of 2007 from BDT 1,619 million at year end 2006. |Total Shareholders Equity | 1,673,854,777. 00 | |Less Revaluation Reserve | 23,627,792. 00 | |Core Capital | 1,650,226,985. 00 | |Required Minimum Capital (6% of total liabilities) | 331,288,154. 0 | |Excess of Core Capital Over Minimum Capital | 1,318,938,831. 00 | |Core Capital | 1,650,226,985. 00 | |Add: Provision for Further Losses (1% of unclassified loans) | 37,598,028. 00 | |Total Capital | 1,687,825,013. 00 | |Required Minimum Capital (6% of total liabilities) | 331,288,154. 0 | |Excess of total Capital Over Required Capital | 1,356,536,859. 00 | 5. 2. 3 Debt Capital Structure of IPDC IPDC maintained the both local currency (LC) borrowing and foreign currency (FC) borrowing. The motivation that stimulate the foreign borrowing is the cost effectiveness and for the advantage for exchange rate fluctuation. On the following the detail breakdown of debt financing is given below. |In Foreign Currency |Amount |(%) | |German Investment Development Company( DEG) 122,427,387 |17% | |International Finance Corporation – IFC |84,875,000 |12% | |The OPEC Fund for International Development |61,727,551 |9% | |Total Foreign Currency Borrowing |269,029,938 |37% | |In Local Currency | | | |Credit Bridge Stand by Facility CBSF |237,522,497 |33% | |International Development Association – IDA |17,607,673 |2% | |Commercial Bank of Ceylon |50,000,001 |7% | |Pubali Bank Limited |55,177,317 |8% | |Uttara Bank Limited |95,351,182 |13% | |Total Local Currency Borrowing |455,658,670 |63% | |Total Debt Financing |724,688,608 |100% | Here, it seen see that 37% of total IPDC’s borrowing is foreign borrowing and remaining is Local currency borrowing. 5. 2. 4 – Other Source of Financing of IPDC Beside the capital structure, IPDC often have to rely on some other source of financing for conducting their day to day operation. On the following some of sources are described. Short term borrowing is one of the important sources of financing of IPDC. Among the short term loan bank overdraft and call loan is always preferable to IPDC. On the following the detail position of IPDC’s short term borrowing is given: |Bank Overdraft |Amount |(%) | |Citi Bank N. A. |185,571,750. 0 |38% | |Standard Chartered Bank |61,977,585. 00 |13% | |Total Bank OD |247,549,335 |51% | |Call Loan | | | |The Premier Bank Ltd |150,000,000 |31% | |Eastern Bank Ltd |40,000,000 |8% | |Prime Bank Ltd. 50,000,000 |10% | |Total Call Loan borrowing | |49% | | | | | |Total Debt Financing |724,688,608 |100% | 6. SWOT analysis of IPDC SWOT analysis is a very important part for organizational perspective. Through this analysis, a company identifies the strength and weakness of its product, operation and services. In addition, opportunities and threats are also pointed out form the market analysis which is eventually reflected in the company’s current and future plan. Strength: (Strong capital base Experienced management team (Coordination between the departments (Strong investment and retail team to increase client base (Good relationship with present and prospectus client (Diversified funding sources (Outstanding market share (Corporate shareholding structure (Diversified business exposure Weaknesses: (Significantly deterioration in Asset Quality having adequate provisions (High ownership concentration (Declining financial performance (Weak treasury management (More percentage of special assets than major competitors (Risk management (MIS should be more developed in treasury managem ent (High turnover rate in top and mid tier management Opportunities: (Business expansion opportunity (Market demand for diversified financial product (SME financing (Fund raising opportunity through new financial products (Capital market operation (Scope of more product diversification (Scope of doing merchant banking, fund management operation Threats: (Commercial banks’ portfolio (Commercial banks’ opportunity to enter in the operations (Increasing local and foreign cost of fund (New entrants into the market (Low entry barrier in the industry Contents: Executive summary1 Objectives of the report2 NBFI in Bangladesh2 IPDC at a glance5 Organizational structure8 IPDC product line10 Functions of IPDC13 SWOT analysis25 ORGANOGRAM OF IPDC Managing Director CEO Board Board Audit Committee DMD Executive- HR Corporate Communication Senior Manager- Legal Affairs Company Secretary Mgt. Associate- Legal Department Executive Board Secretariat Senior Manager- Internal Audit Manager Sr. Executives Executives Head of Operations Head of Retail Business CFO Head of Risk Management Head of Special Asset Management Head of Investment Manager Sr. Executives Ass. Executives Manager Executives Mgt. Trainee Sr. Manager Manager Executives Executive Employee on Contract GSS IT Deposit Treasury Credit Admin Executives Manager Executives Sr. Executives Executives Ass. Executive Sr. Manager Asst. Manager Sr. Executives Executives Non Managerial Employees Figure: Organogram of IPDC [pic] Product Line Retail Product Corporate and Project Finance Figure- 2. 4 – IPDC Product line Asset Product Liability Product Corporate Service Investment Product Figure- 3. 2 – Product Segment Wise (Portfolio) Investment Activities Analysis Figure- 3. 3 – Industry Wise Investment Analysis of IPDC Table 3. 1 – Industry Wise Investment Analysis of IPDC Source: Annual Report, Economic Trend FID, BB Figure- 1. 3 – Banks NBFIs activities on GDP share