'Loser Pays' Rules Make A Comeback Article Example | Topics and Well Written Essays - 1000 words

'Loser Pays' Rules Make A Comeback - Article Example Under the current system, lawsuits have proven to be outrageously expensive for corporations. These lawsuits have generated up to $73 billion being paid by corporations, out of which a staggering amount of $17 billion has made its way into the pockets of plaintiff attorneys. Out of the latter, the plaintiffs fail to claim the amount that rightfully belongs to their corporation. The implemented taxes that should serve to protect shareholders instead cause more harm due to added litigation charges. Lawsuits are initiated because of a third party harming the corporations. These lawsuits add to the damage and do little to control the initial problems. Because there are no added costs involved, shareholders have been relentlessly filing lawsuits against the third parties that harm corporations. In such an event, the authorities have decided to implement a loser-pays rule. According to this rule, the party which loses in the trial has to pay the costs incurred by the winner as well. Since the trial never really subjects the parties to any costs whatsoever, through this rule, the shareholders will have to take precautions before going ahead with the lawsuit. This is because the probability of winning a trial is not definite for all cases. Therefore, shareholders are risking higher costs when initiating a lawsuit. If they lose, they will have to ‘compensate’ for the resulting costs incurred by the winning party. The loser-pays rule is very different from the American Rule applied in the United States. Under the latter, the long-term shareholders bear the costs of added litigation which are not obvious at the time of the trial. This rule is not new to economies as it has been the basis of shareholder lawsuits in the United Kingdom. If this rule is implemented it would alter the business model currently being followed by introducing actual financial risk. However, this rule needs to be implemented at the

Ethical decisions and informed consent Essay Example for Free

Ethical decisions and informed consent Essay In all counseling programs meant for children and adolescents, it is very important that the parents be involved. The parents would require knowing the results of the psychological analysis, most probably in concern for the well being of their wards. However, in certain cases, the children or the adolescents might not intent the parents to know the details of their case. Like an adult patient, the child patient would want to ensure confidentiality of their case. However, it is also important to know that the child would not be in a position to make a proper decision regarding their treatment. Hence, it is very important to ensure that confidentiality exists to a limited extent in such cases. The counselors would have to protect the adolescent and the teenager regarding the individual case. They have to maintain strict confidentiality and should not inform anybody about the details of their case. However, the counselor would also have to inform the parent, as the parents are in the best position in making a valuable decision about their wards. The child or adolescent may be acting out of immaturity in these cases. It is also important to keep in mind that issues regarding the sexual activity of the child and the interventions required for the treatment of a sexually transmitted disease differs from one state to another. Certain issues such as abuse, neglect, presence of any risk or danger to others, etc, have to be reported to the parents. The counselor should be aware that the parents have rights of the children. Only the relevant information has to be disclosed to the parents so that they can make an informed decision for the welfare of their wards. The information presented should be accurate and comprehensive. In this case the parents would have to be informed if any case of neglect, abuse, harm to the child, etc is present. Treatment of a sexually transmitted disease may have to be reported in case the child may cause the risk of transmitting it to other people. The counselor should also try to determine if any danger is present for the 15-year-old client from any other party. If any such danger were present, the counselor would have to ensure that the child is adequately protected by informing the parents. In all cases, the counselor, to determine the need for informing the parents, should conduct a thorough assessment of the situation.

Justice often masks an occurrence of injustice in many forms and in :: English Literature

Justice often masks an occurrence of injustice in many forms and in the crucible by Arthur Miller, the leaders of Salem, believe that the way that they are dealing with people of strange happenings is right and just but is actually wrong and unjust. Justice can be defined as the right and moral decision and general beliefs. Injustice can be defined as unfairness and a lack of justice. Someone who is done by an injustice may have been judged to harshly. In "The Crucible" by Arthur Miller, the target audience is young adults to the older generation. This play is based on real events which occurred in 1692. The Crucible is saying that in Salemat this time there is very little justice, this is shown when Hale says "Goody Proctor, I have gone this three month like our lord into the wilderness. I have sought a Christian way, for damnations doubled on a minister who counsels men to lie." In this Hale is saying that he no longer follows the beliefs of Salem and he now follows the beliefs of Christianity. Justice is conveyed in Arthur Miller's "The Crucible" by having a character like Hale, who comes into Salem as a man who strongly believes that accusing and hanging people because of witchcraft is right and just, but he later realizes that what he believes is wrong and unjust. He then decides to change his ways. Also at the end of Act 1, there are many quick accusations being made which leaves the reader in suspense and a long wanting to know what will happen to all these people who were accused. The leaders of Salem believe that what they are doing is right and just, but in reality it is an injustice. This is how justice can often mask injustice. Justice often being masked by an injustice can also be seen in the text "Justice without a Conscience." This text is showing a statue of Lady Justice, who usually represents, Anti-discrimination, fairness and justice, is now representing discrimination, unfairness and injustice by the statue not wearing a blindfold which allows her to be discriminative against people, her scales are unbalanced which would make things unfair. Also the blindfold is pulled over her mouth stopping her from speaking which represents that justice is not always heard. There is a man passed out at the base of the statue. This is using a high angle shot to show that the man is very insignificant and lady justice is large and very important. Another text which shows justice being masked by an injustice is a cartoon where an upper class man has just shot a woman, killing her.

Kindred Spirits Hotel †Case study Essay

Identify and Define the Problem: Before Greta became the owner of the Kindred Spirits Hotel, there had always been a comfortable, family atmosphere, but this was turned upside down by her presence. She was cold and uncommunicative. She would yell at the employees and reprimand them in front of employees and guests. She also insisted not working the breakfast shift. This was hard on the staff because major decisions needed to be made at that time and Greta was unavailable. As well, she fired three workers to cut costs. However, the work needing to be done did not decrease, she just expected everyone to do more. This made it difficult to feed guests breakfast, check out guests, and clean the rooms before new guests arrived. Most days, new guests had to wait for their rooms. Sometimes, they left and went to other hotels. Revenues were down 18% over last year at this time and profits had decreased 25%. Greta immediately cancelled all bonuses and cut back on the benefits offered to employees. The problem is that Greta’s attitude, work ethic & style have tarnished the hotel’s reputation and operation. As a result, the workers’ morale has been diminished to an all-time low. Generate and Evaluate Possible Solutions: Greta has to do a self-reflection and adapt to the environment to which the rest of the employees have become accustomed. She needs to treat the staff with respect and to stop yelling at them. In addition, Greta needs to become more of a team player. She needs to lose the attitude that she is superior because she is the boss and pitch in and help herself. She needs to be available particularly in the morning, as that is when decisions are made and it is the busiest and most critical part of the day. Greta may also consider hiring back those employees she released, in an effort to get the work done, thus better servicing the guests. This would also improve staff morale. If she were to admit she made a mistake and were to apologize for her behaviour, she might win back some of the employees’ respect and improve morale. There is a cost to hiring back the employees, but this additional cost should be offset by an increase in bookings due to improved service. The hotel was profitable when the staff was all employed there working for the previous owner. What needs to be changed is her treatment of the staff. She should hold a meeting with the staff to explain the changes and her actions, outlining that things will be better in the future. You might say, â€Å"How fast will the benefits occur and will a positive impact be achieved?† Most of these alternatives will take effect right away, but in order to increase the revenue and profit we are looking at long-term goals. The staff should support these entire solutions listed above because no matter how you look at it, Greta has to give back to the hotel. All of these alternatives will rekindle the staff’s morale, giving them the boost they need to do a hard day’s work. The hotel will prosper once again. If Greta can’t adapt then she should sell the business to someone who can make the business a more profitable one. She might also consider promoting Greg to manage the hotel and delegate total authority to him, removing herself from the operations. The staff respect Greg and have worked well with him in the past. Greg has had plenty of experience having these priorities before – in the last two years the previous owner had left much of the management decisions up to him. This would re-motivate the staff. Choose a solution In order to successfully address the problems herself, Greta needs to recognize that she herself is the problem. She also needs to be able to modify her behaviour and attitude. If she cannot do this, a successful implementation is not possible. Problem #2 Identify and Define the Problem: The second problem is parking. The city of Stratford had had complaints from neighbours about this. The hotel only had11 parking spaces and the overflow parked on the street. The town council was debating cancelling overnight parking on the street. This would have a dramatic impact on the hotel. In two weeks there would be a council meeting and Greg suggested he attend in Greta’s place but she screamed at him saying that she was in charge and how dare he try to undermine her authority. Greg had enough. He threatened to quit and walked out of the hotel. Generate and Evaluate Possible Solutions: Greta has to resolve her issues with Greg foremost and apologize for making those remarks. Greg is well respected by the staff and has been working in this business for fifteen years, so he should have her respect too. Since Greta couldn’t make any progress with the city council and has alienated them with her remarks, she should give Greg a shot and let him speak, or discuss his ideas beforehand so she can present his views at the meeting. If Greg walks out on her, other employees might follow. It is very important that she does not lose Greg, who is a valuable asset to the hotel and her business, else her problems may escalate. Greta could call a meeting with the staff and brainstorm together. 11 spaces are not enough for their guests to park. If they are unsuccessful with city council, they could expand their capacity by renting more property, build an underground garage or designate an area for parking. One spot per employee, one spot per guest. If an indoor garage were to be built, additional expenses would be incurred. The hotel might approach the city to help cover these additional costs. To earn money back, a fee should be charged for the use of the garage. Choose a Solution The easiest and most economical solution is for city council to grant parking on the street. The best chances for this happening would be if Greg were to present the hotel’s case at the council meeting. Greta should recommend that Greg attend. If this fails, the hotel should negotiate to pay for additional parking, where the costs are passed on to the hotel guests using the parking facilities.

Psychological disorders and physical illness Essay

Irrational fear of common things leads to their inability to cope with life because the things that they fear have to be faced everyday. The most common disorders include phobias, In the medical field, many factors are attributed to the various conditions that people experience. Although genetic and biological factors which constitute of the natural causes and the life experiences which are the nurture factors contribute to ones physical wellbeing, it is also possible that a majority of illnesses that people suffer from are brought about by psychological factors. Heart diseases, chronic headaches, insomnia, hypertension, ulcers, eating disorders among others are some of the diseases that can be caused by psychological factors (Stoudemire A. 1995). It has been established that when one’s stress levels are very high, it reduces the activity of the lymphocytes leading to an increased likelihood of illness (Sadock B J. , Kaplan H. I. & Sadock V. A. ). A person suffering from a psychological disorder will most likely have feelings of helplessness in any given situation causing them to suffer even from common illnesses more than others will. To aid the patients suffering from these disorders, one can only recommend relaxation techniques while providing anti-depressants to control their response to life’s normal occurrences. A person with a disorder tends to react in a more intense manner than other would in similar situations. This causes an imbalance in their bodily functions leading to their contracting illnesses that would have otherwise been avoided. It also affects their chances of getting better from any other illness that they may be suffering from. The disorders include anxiety, obsessive-compulsive disorders and panic (Ketterer M. W. , Mahr G`. & Goldberg A. D. ). These render a person powerless against their fears and in the process affect their wellbeing.

How to format a business document

How to format a business document Hook your reader: 5 killer formatting tips to get your document read Theres nothing like it, is there? That satisfying moment when you finally finish the document youve been working on for days. Youve done the research, youve marshalled your facts and youve made it through the hardest part: getting it down on paper. Job done. But hold on. Before you attach it to an email, send it and celebrate, ask yourself: how does it look? Your documents presentation may seem like a small point. Yet it could be the difference between your hard work being read and acted on or it being put aside for a later that never comes. You may well have been hunched over a hot keyboard slaving away on it all week. Its only natural that you should think its a must-read, which would capture the readers attention even if it were printed on the back of a till receipt from Lidl. But dont be fooled. Very few documents genuinely fall into that category – especially in a world where too much information is more of a problem than too little. The appearance of your document is the first impression your would-be reader gets. So it needs to hook them in and encourage them to read on. Theres nothing very enticing about a wall of text, tiny fonts or endless tables. We talk a lot on this blog about how to make your writing more readable. But no matter how compelling your words may be, theyll be wasted if they go unread. So here are five proven document-formatting techniques that will stop your work being thrown back into the sea of other discarded documents and make sure what youve written actually gets read. 1) White space is not wasted space White space is simply anywhere on the page where there is no text or images. Dont be fooled into thinking this space is wasted. Wider margins are your friend. They reduce the length of each individual line of text, making your writing easier for your readers eyes to scan. And they create mental breathing space* that makes the whole document more pleasant to read. *(We know thats not a thing, but you get the idea.) Newspapers have been using this trick for a very long time – its why they use narrow columns. Pick up a newspaper and youll probably find yourself tempted to read something on the page, and the easy-to-read appearance of the text in narrow columns is a big reason for this. Of course, most of us have been tempted at some point to make a documents margins narrower and lines of text longer, in order to reduce the overall length. So a document that was once three-and-a-half pages will instantly become a nice round three. (We even had one client proudly tell us how consultants had redesigned their templates to reduce margins down to a minimum, to save paper.) But this is a bad idea. Yes, youll hand over a document with fewer pages – but every one of those pages will look less professional and be more difficult to read. Better to use more paper than waste all of it. So avoid the temptation to squeeze as much text onto a page as possible – your reader will thank you for it. Were not suggesting that you use newspaper-like columns; just that you consider making the margins a bit wider and the body text a little narrower than you might otherwise do. 2) Use fonts well Our top tip on this topic is to avoid overthinking it. There are lots of business-appropriate fonts available. Youre faced with lots of good choices, so youre unlikely to go far wrong. Weve written about the best fonts for business documents in more detail before, but heres a quick summary: Both serif fonts (eg Garamond or Times New Roman) or sans-serif fonts (eg Helvetica or Arial) are fine for business documents. Try pairing fonts: use one kind of font for the headlines and subheads, and another for the body text. If youre using a serif font for the body text, try using a sans-serif font for the headlines, or vice versa. And resist the urge to use too many different fonts: no more than two on a page is a good rule of thumb. You can also try pairing two fonts from the same font family; for example, using Lucida Bright for the headings and Lucida Sans for the body text. 3) Use headlines and subheads as signposts Headlines and subheads are crucial signposts for the reader. Used effectively, they can summarise the entire story of a document by themselves and guide the reader through your most important points. They also break up large blocks of text, which can be hugely off-putting. Format headlines and subheads in bold (and in a larger font size if you like). In the documents we analyse for participants in our courses, we often see people using underline for subheads (or bold and underline). But this isnt necessary and can look cluttered or old-fashioned. Bold is enough by itself. We also frequently see people using subheads that are an equal distance from the paragraph that preceded them and the paragraph that comes after them. This gives the subheads the appearance of floating halfway between the two paragraphs.  So make sure there is more space before a subhead than there is below it. This will make clear that the subhead is for the paragraph below it. 4) Use lists and tables carefully Lists are an effective way to draw the eye, but thats probably why theyre frequently overused. Always bear in mind that each extra list that you add reduces the impact of every other list on the page. Some documents even consist mainly of lists – probably because theyre easy to write. But whats easier for the author is much harder for the reader. Such documents are disjointed and therefore usually difficult to follow. Tables are often a handy substitute for lists, as well as a neat way to format straightforward information. Theyre especially useful if you need to compare two or more things directly, against the same criteria. (For example, you might need to compare sales figures or possible outcomes of different courses of action.) When formatting tables, avoid using gridlines that run close to the text. Instead, insert space above and below it (using the paragraph formatting menu, if youre using Microsoft Word). And experiment with taking out vertical – or even all – internal gridlines. The extra space around the information should make it easier to read. You can differentiate long rows by shading every other one. In Word, you can do this by going to Table tools → Design. 5) Draw attention with boxes Boxes can form a vital entry-point into your document. Do you have a fact or piece of information that you know will interest your reader? A box will help you make the most of that. On the other hand, boxes are also a good place to put information that doesnt easily fit into the natural flow of your body text. Remember that a box needs to make sense on its own, as it will probably be read before the main text. You can make a box stand out by giving it a different font to the rest of the text (but remember to stick to a maximum of two fonts in your document), or by using background shading. And, as ever, remember to give the text plenty of space (white or otherwise) around it. Text crammed inside a small box will look very uninviting, defeating the point of separating it from the rest of the document. No design experience needed You might be surprised at the big impact small tweaks like these can have. So keep these simple rules in mind when you write your next document. When youve put them in place, youll have a much more readable document to hand over. And, when youre finished, you really will be able to say, job done. Image credit: Rapala fishing lures by Chau kar Man used under CC BY-NC-SA / cropped from original

Ideology and You essays

Ideology and You essays The time is nearing to cast our votes in Americas most popular election: presidency. Topics ranging from war, economy, and healthcare fill our media and flood into our living rooms. Somehow while all the ideas and opinions are thrown around us, we find a nest and settle down. In other words, we build an ideology, or set of opinions that best describe how we want our government to run. Through the years, familiar ways of thinking were grouped and given names to describe an ideology. The most predominate in the United States are liberal, conservative, libertarian, and communitarian. But how do Americans come to be part of one of these ideologies? Traditionally, the political spectrum consisted of liberal and conservative opposite points of view. They were also labeled as left and right. The left being the liberal and the right is the conservative. Naturally, citizens are most familiar with the liberal and conservative views; however the definitions of the ideologies were of extreme liberals and extreme conservatives. Most individuals agreed with some views and disagreed with others according to particular topics. This landed many Americans somewhere in the middle of the scale. As a solution, less general ideologies were introduced that described what fell between the opposite extremes, such as libertarian, and communitarian. According to idealog.org, most Americans today are labeled communitarian, which is described as being an advocate for a collective way of living (Goodman and Janda 2002). These individuals take ideas from both liberals and conservatives that mostly benefit the whole rather than themselves. Texas, on the other hand is labeled conservative. Conservatives are mostly individuals who oppose government in topics such as business and economy, however encourage government on issues that deal with lifestyles. Although conservatives dominate the south, liberals are also abundant and want more government ...

Biography of Empress Elisabeth of Austria

Biography of Empress Elisabeth of Austria Empress Elisabeth (born Elisabeth of Bavaria; December 24, 1837 – September 10, 1898) was one of the most famous royal women in European history. Famed for her great beauty, she was also a diplomat who oversaw the unification of Austria and Hungary. She holds the title of the longest-serving Empress of Austria in history. Fast Facts: Empress Elisabeth of Austria Full Name:  Elisabeth Amalie Eugenie, Duchess in Bavaria, later Empress of Austria and Queen of HungaryOccupation: Empress of Austria and Queen of HungaryBorn: December 24, 1837 in Munich, BavariaDied: September 10, 1898 in Geneva, SwitzerlandKey Accomplishments: Elisabeth was Austria’s longest-serving empress. Although she was often at odds with her own court, she had a special relationship with the Hungarian people and was instrumental in bringing about the uniting of Austria and Hungary in an equal, dual monarchy.Quote: â€Å"Oer thee, like thine own sea birds  / Ill circle without rest / For me earth holds no corner  /  To build a lasting nest.† – from a poem written by Elisabeth Early Life: The Young Duchess Elisabeth was the fourth child of Duke Maximilian Joseph in Bavaria and Princess Ludovika of Bavaria. Duke Maximilian was a bit eccentric and decidedly more progressive in his ideals than his fellow European aristocrats, which heavily influenced Elisabeths beliefs and upbringing. Elisabeth’s childhood was much less structured than many of her royal and aristocratic counterparts. She and her siblings spent much of their time riding in the Bavarian countryside, rather than in formal lessons. As a result, Elisabeth (fondly known as â€Å"Sisi† to her family and closest confidantes) grew to prefer a more private, less structured lifestyle. Throughout her childhood, Elisabeth was particularly close to her older sister Helene. In 1853, the sisters traveled with their mother to Austria in hopes of an extraordinary match for Helene. Ludovikas sister Sophie, mother of Emperor Franz Joseph, had tried and failed to secure a match for her son among major European royalty and instead turned to her own family. Privately, Ludovika also hoped the trip might secure a second marriage in the family: between Franz Joseph’s younger brother, Karl Ludwig, and Elisabeth. A Whirlwind Romance and the Aftermath Serious and pious, Helene did not appeal to the 23-year-old emperor, although his mother expected he would obey her wishes and propose to his cousin. Instead, Franz Joseph fell madly in love with Elisabeth. He insisted to his mother that he would not propose to Helene, only to Elisabeth; if he could not marry her, he swore he would never marry. Sophie was deeply displeased, but she eventually acquiesced. Franz Joseph and Elisabeth married on April 24, 1854. The period of their engagement had been a strange one: Franz Joseph was reported by all to be full of joy, but Elisabeth was quiet, nervous, and often found crying. Some of this could certainly be attributed to the overwhelming nature of the Austrian court, as well as the reportedly overbearing attitude of her aunt-turned-mother-in-law. The Austrian court was intensely strict, with rules and etiquette that frustrated the progressive-minded Sisi. Even worse was her relationship with her mother-in-law, who refused to cede power to Elisabeth, who she viewed as a silly girl incapable of being an empress or mother. When Elisabeth and Franz Joseph had their first child in 1855, the Archduchess Sophie, Sophie refused to allow Elisabeth to care for her own child or even name her. She did the same to the next daughter, Archduchess Gisela, born in 1856. Following Gisela’s birth, the pressure increased even further on Elisabeth to produce a male heir. A cruel pamphlet was anonymously left in her private chambers that suggested the role of a queen or empress was only to bear sons, not to have political opinions, and that a consort who did not bear a male heir would be a scheming danger to the country. It is widely believed that Sophie was the source. Elisabeth suffered another blow in 1857, when she and the archduchesses accompanied the emperor to Hungary for the first time. Although Elisabeth discovered a deep kinship with the more informal and straightforward Hungarian people, it was also the site of great tragedy. Both her daughters fell ill, and the Archduchess Sophie died, only two years old. An Active Empress Following Sophie’s death, Elisabeth retreated from Gisela as well. She began the obsessive beauty and physical regimens that would grow into the stuff of legend: fasting, rigorous exercise, an elaborate routine for her ankle-length hair, and stiff, tightly-laced corsets. During the long hours required to maintain all of this, Elisabeth was not inactive: she used this time to learn several languages, study literature and poetry, and more. In 1858, Elisabeth finally fulfilled her expected role by becoming the mother of an heir: the Crown Prince Rudolf. His birth helped her gain a larger foothold of power at court, which she used to speak on behalf of her beloved Hungarians. In particular, Elisabeth grew close to Hungarian diplomat Count Gyula Andrassy. Their relationship was a close alliance and friendship and was also rumored to be a love affair – so much so that, when Elisabeth had a fourth child in 1868, rumors swirled that Andrassy was the father. Elisabeth was forced away from politics around 1860, when several bouts of ill health caught up with her, along with stress brought on by the rumors of her husband’s affair with an actress. She used this as an excuse to withdraw from court life for some time; her symptoms often returned when she returned to the Viennese court. It was around this time that she began standing her ground with her husband and mother-in-law, especially when they wanted another pregnancy – which Elisabeth did not want. Her marriage with Franz Joseph, already distant, became even more so. She relented, however, in 1867, as a strategic move: by returning to her marriage, she increased her influence in time to push for the Austro-Hungarian Compromise of 1867, which created a dual monarchy in which Hungary and Austria would be equal partners. Elisabeth and Franz Joseph became King and Queen of Hungary, and Elisabeth’s friend Andrassy became the prime minister. Her daughter, Valerie, was born in 1868, and became the object of all her mother’s pent-up maternal affection, sometimes to an extreme extent. The Hungarian Queen With her new official role as queen, Elisabeth had more excuse than ever to spend time in Hungary, which she gladly took. Even though her mother-in-law and rival Sophie died in 1872, Elisabeth often remained away from court, choosing instead to travel and to raise Valerie in Hungary. She dearly loved the Magyar people, as they loved her, and gained a reputation for her preference for â€Å"common† people over mannered aristocrats and courtiers. Elisabeth was shattered with yet another tragedy in 1889 when her son Rudolf died in a suicide pact with his mistress Mary Vetsera. This left Franz Josephs brother Karl Ludwig (and, upon Karl Ludwigs death, his son Archduke Franz Ferdinand) as the heir. Rudolf had been an emotional boy, like his mother, who was forced into a military upbringing that did not suit him at all. Death seemed everywhere for Elisabeth: her father had died in 1888, her sister Helene died in 1890, and her mother in 1892. Even her steadfast friend Andrassy passed in 1890. Her fame continued to increase, as did her desire for privacy. Over time, she repaired her relationship with Franz Joseph, and the two became good friends. Distance seemed to help the relationship: Elisabeth was traveling extensively, but she and her husband corresponded often. Assassination and Legacy Elisabeth was traveling incognito in Geneva, Switzerland in 1898 when news of her presence leaked. On September 10, she and a lady-in-waiting were walking to board a steamer when she was attacked by Italian anarchist Luigi Lucheni, who wanted to kill a monarch, any monarch. The wound was not evident at first, but Elisabeth collapsed soon after boarding, and it was discovered that Lucheni had stabbed her in the chest with a thin blade. She died almost immediately. Her body was returned to Vienna for a state funeral, and she was buried in the Capuchin Church. Her killer was apprehended, tried, and convicted, then committed suicide in 1910 while in prison. Elisabeth’s legacy – or legend, depending on who you ask – carried on in several ways. Her widower founded the Order of Elizabeth in her honor, and many monuments and buildings in Austria and Hungary bear her name. In earlier stories, Elisabeth was portrayed as a fairy-tale princess, likely because of her whirlwind courtship and because of the most famous portrait of her: a painting by Franz Xaver Winterhalter that depicted her with diamond stars in her floor-length hair. Later biographies attempted to uncover the depth of Elisabeth’s life and inner conflict. Her story has captivated writers, musicians, filmmakers, and more, with dozens of works based on her life finding success. Instead of an untouchable, ethereal princess, she was often depicted as a complex, often unhappy woman – much closer to reality. Sources Hamann, Brigitte. The Reluctant Empress: A Biography of Empress Elisabeth of Austria. Knopf, 1986.Haslip, Joan, The Lonely Empress: Elisabeth of Austria. Phoenix Press, 2000.Meares, Hadley. The Tragic Austrian Empress Who Was Murdered By Anarchists. History.

Beehive extract potential prostate cancer treatment Essay

Beehive extract potential prostate cancer treatment - Essay Example As a means of determining the side effects of the propolis on the cells, researchers did various experiments by using the traditional and the modern ways. Their aim was to discover the effects of the beehive extract on the initial stages of the prostrate malignancy. As a means of proving that CAPE can stop the spread of cancer, the researchers at the university used mice infected with tumors. They discovered that when CAPE is given to the mice, it inhibits the growth of tumors. Control experiments were also conducted since the researchers ceased giving the compound to the mice. The outcome showed the tumor continued growing after they had stopped giving CAPE to the mice. They also discovered that, the beehive extracts can only stop the growing of tumor, but they do not eliminate the cancer (Jones, Kokontis & Chuu). More studies were carried out to confirm that CAPE is effective. One of these studies was done at the National Research Institutes based in Taiwan. In the research, many l ines of cancer were used, and the beehive compound successfully slowed the growth. Even if, the lowest concentration of CAPE was used, it was still be useful in inhibiting the enlargement tumor. The research outcomes also showed that the compound could also hinder the prostrate tumors growth in human beings. If a mice grafted with the human prostrated tumor is given CAPE for six weeks, the amount of prostrate tumor can decrease by half. When the mice stop taking the component, the tumor grows like before. In order to know how CAPE works on the cells to slow them down, the researchers at Taiwan invented a way of measuring the alterations of proteins under certain conditions using the Western blots. They found out that CAPE stops tumor growth by suppressing the protein actions on p70s6 kinase and Akt tracks, which can activate cell growth. Even though, human beings were the focus of the study, mice are mammals and all mammals’ cells have the same characteristics. Hence, the com pound can also work on human beings (Jones, Kokontis & Chuu). For effective treatment of prostrate cancer, CAPE together with other treatments is instrumental. For instance, since the compound cannot kill the tumor cells, it works with chemotherapy, which can kill the cells, while CAPE stops further growth of the cells. However, a need arises to conduct more studies concerning the use of the beehive extracts before using it on human beings. Many people have used the compound to treat other diseases, but they dot not know how they work and hence, before bringing it into pharmacies, researchers have to approve it (Jones, Kokontis & Chuu). The beehive extract prevents prostrate cancer by triggering the apoptosis process. The treatment of prostrate cancer through chemotherapy and radiotherapy is widely known. Nevertheless, these methods are not very effective since they kill cells resulting into damaging of the body immune system. Experimental outcomes show that propolis inhibit mutatio ns that are caused by chemical carcinogen. Propolis on Hep-2 cells hinders the proliferation of cells. This can induce cells apoptosis to certain extends (Farooqui & Farooqui 248). Additionally, propolis affects cycle of cells at a phase called G1 to S phase transition. Its effects are equally apparent at the transition phase of S phase to the

Al-Nusrah Front Terrorist Group Profile Thesis Example | Topics and Well Written Essays - 3000 words

Al-Nusrah Front Terrorist Group Profile - Thesis Example The paper will also analyze the American policies on homeland security, and relate the aspects of the policies to the design and structure of the Al-Nusrah Front. Terrorism is a serious global issue that is attracting great financial, political, war, economic, religious and social strategies. Usually, the groups characterize with competent military structures and strategies that enable them to fight military of sovereign states. Currently, largest terrorist groups have concentrated within the Middle East and Arabic speaking countries. The nature and organization of the groups has led to labeling of some as Islamic-oriented. In fact, the greatest terrorist groups such as the Al-Qaeda, Al-Nusrah, ISIL and the Hamas have Islamism at the core of their ideologies. Most of the terrorist groups have been targeting Western countries, America in particular, and the allies. A case in point was the 9/11 event that made terror threat on Western countries a reality. It is for the escalation of terrorist activities targeted at America that the US government strengthened policies on Homeland security. The Al-Nusrah Front otherwise called Jabhat al-Nusra is among the renowned global terrorist groups after enlistment by Australia, United States, United Nations, Turkey, United Kingdom, and Russia. Analysis of the Al-Nusrah alongside US security policies is important in determining the efficiencies of the homeland security programs in tackling any threats from the group. The Al-Nusrah Front or Jabhat al-Nusra is a terrorist group based in Syria with extended operations to Lebanon. The group started forming late in 2011 and formalized its existence on January 23, 2012 through publication. The group pays allegiance to the Al-Qaeda of Iraq that saw its formation under the leadership of Abu M. al-Julani, who was an operative of Al-Qaeda in Iraq. The purpose for the creation of the group was to

Staffing Process in Organizations Essay Example | Topics and Well Written Essays - 1750 words - 1

Staffing Process in Organizations - Essay Example Actually, after the recruitment and apportionment are done, the employees will be prepared to start the work as soon as possible. But, sometimes or most times, the recruited employees should need to be given orientation and training to integrate or assimilate with the working environment and importantly fulfill the work needs. That is, the prospective employees may show optimum interest, performance, etc at the time of recruitment, but after selection, while working in the organization they may underperform. That is, after performing well during the recruitment process and getting the job, they may become over-confident and may not put the same effort during their work. Also, if the organization fails to give them an optimal working environment as promised during the recruitment process, employees may not perform well in that scenario also. So, this where an optimal staffing process through coaching and mentoring will come into the picture, equipping the recruited employees and match ing the job needs of the organization. Staffing involves coaching and mentoring the job seekers to make them fit for a particular job (koreone.com) As part of the staffing processes, organizations should coach or mentor the recruited staffs and even the old employees, for it reaches the top echelons. â€Å"Coaching and Mentoring can be used to effectively unlock the potential that already exists within any organization. The organization’s most valuable resource is its people or puts more concretely, the knowledge and passion that resides within the hearts and minds of its people... introducing coaching and mentoring within any organization, will reap the benefits to the organization† (oaktraining.com). That is, when the recruited employees fall short in their performance, mainly due to lack of skill and  knowledge about the process, they can be coached or mentored.

Anaylysis of business enviornment Assignment Example | Topics and Well Written Essays - 2000 words

Anaylysis of business enviornment - Assignment Example Some of the available techniques of promotion include using the print media and other media such as radio and TV. This is likely to catch the attention of many potential buyers. This will tend to increase demand of cars. The price of a car Affordability of cars will most certainly increase their demand. However, if the prices are not friendly, demand of cars will be less. This is the prime reason why a company that sells cars should fix the prices skilfully so as not to affect the sales (Frank, 2006, p. 57). Financing options A population found in a country where access to loans is easier will find it easier to buy a car than those who cannot access a loan. Banks and other financial institutions give loans to people who are employed or are doing businesses with returns that can pay off the loan. The income of the buyer Those buyers that earn a lot are able to buy more than one car. Those who earn little are not even able to afford a car. This is the reason why it is important to star t up a car selling business in places where people have good income. In such a place, demand will certainly be higher. New offerings With the introduction of a new model in the market, the demand of this car is usually higher. People tend to buy new models due to changes in the make. They may love the new colour, shape and speed of the new car and as such, they will be influenced to buy. Tastes and preferences If the customers change their taste and preference towards a particular type of car, its demand will most certainly go down. However, if the tastes and preferences of the consumer are in line with the available type of cars, then this will make demand higher. Economic conditions The most influential economic conditions include inflation and balance of payments. When there is inflation, the prices of goods and services tend to go high. In this case, consumers will pay higher for basic commodities than was the case initially. In this case, therefore, consumers’ ability to purchase is strained. They are not able to buy luxuries such as cars, hence their demand goes down. On the contrary, if the prevailing economic conditions are favourable, people will have money to spend, hence the demand for luxuries such as cars will be higher (Bade and Parkin, 2001, p. 43). 2. What product or service might have a highly positive cross elasticity of demand with the market for cars? Describe its impact on the market for cars. Cross elasticity of demand measures the effect of the demand of one good because of the change in the price of another good. The elasticity is measured because of the change in price of one good and how this will affect another commodity demand. The two goods are either compliments or substitutes. When the cross elasticity of demand is positive, it shows that the goods are substitutes. When it is negative, the two products are complements. In the market for cars, motorcycles are the products with a highly positive cross elasticity of demand. O ther substitutes are the public transport such as busses and trains. Many people are opting to buy motorcycles in place for cars due to the effective nature of motorcycles as compared to cars. Customers in a situation where substitutes have such a positive cross elasticity of demand, opt for the product with the highest advantage. In the market of cars, the main reason why people are moving to

Purposes and Benefits of Strategic Planning Essay

Purposes and Benefits of Strategic Planning - Essay Example Another purpose is that it doesn't allow the firm to get distracted by the prevailing conditions whether good or bad, it is a job of Manager who has done strategic planning of the firm to ensure that all the necessary activities are carried out in a planned way so that no obstruction occurs. "Strategic objectives are normally ones to be achieved over the medium to long term. They may be financial such as a certain increase in earnings per share or non financial such as a percentage increase in market share. In theory they should be capable of being quantifiable and hence susceptible to measurement" (p. 11) "In business strategy involves forming a path for the organization to follow that will lead to products or services that customer will want. This will usually mean some kind of new departure for the business, requiring the leader to implement various tactics or sub-strategies. These tactics are usually set out in the component parts of the business plan" (Hoddler, Stoughton, 2003: 20). The strategic planning process consists of two phases, the first one is strategy formulation stage, and the second one is strategy implementation stage, in the first phase we have to identify mission and strategic goals of business, of course when someone wouldn't know where someone is going, how could someone will get courage of moving forward, the second thing we have to care about is conducting competitive analysis, here we have to analyze the company's strengths, weaknesses, opportunities and threats (SWOT Analysis), than the last part of first phase appears in which there is a need of developing specific strategies, the three of them are corporate, business and functional levels of strategies. In the corporate level of strategy, which tells about what businesses the organization will operate and how resources would be allocated, the second one is business level strategy that tries to define the best means of competing within a business, it also supports the corporate level stra tegy, the third one is the functional level strategy which focuses on the specific action plans for managing a specific functional area within a business, it supports the business level strategy. The second phase of planning process is strategy implementation stage in which all that is planned previously is implemented on actual situations, it means exactly to evaluate the plans and control afterwards where required. Difference between Strategic and short- term planning As mentioned earlier, the Strategic Planning is a long term planning, it consists of time that is longer than one year, more formally such planning is done while considering all the past records and resources that the company or organization has, the strategic planning is basically coping with the company's "strategy Formulation" stage in which the company has more concerns on its mission and goal statement, its SWOT analysis and other specific

Anaylysis of business enviornment Assignment Example | Topics and Well Written Essays - 2000 words

Anaylysis of business enviornment - Assignment Example Some of the available techniques of promotion include using the print media and other media such as radio and TV. This is likely to catch the attention of many potential buyers. This will tend to increase demand of cars. The price of a car Affordability of cars will most certainly increase their demand. However, if the prices are not friendly, demand of cars will be less. This is the prime reason why a company that sells cars should fix the prices skilfully so as not to affect the sales (Frank, 2006, p. 57). Financing options A population found in a country where access to loans is easier will find it easier to buy a car than those who cannot access a loan. Banks and other financial institutions give loans to people who are employed or are doing businesses with returns that can pay off the loan. The income of the buyer Those buyers that earn a lot are able to buy more than one car. Those who earn little are not even able to afford a car. This is the reason why it is important to star t up a car selling business in places where people have good income. In such a place, demand will certainly be higher. New offerings With the introduction of a new model in the market, the demand of this car is usually higher. People tend to buy new models due to changes in the make. They may love the new colour, shape and speed of the new car and as such, they will be influenced to buy. Tastes and preferences If the customers change their taste and preference towards a particular type of car, its demand will most certainly go down. However, if the tastes and preferences of the consumer are in line with the available type of cars, then this will make demand higher. Economic conditions The most influential economic conditions include inflation and balance of payments. When there is inflation, the prices of goods and services tend to go high. In this case, consumers will pay higher for basic commodities than was the case initially. In this case, therefore, consumers’ ability to purchase is strained. They are not able to buy luxuries such as cars, hence their demand goes down. On the contrary, if the prevailing economic conditions are favourable, people will have money to spend, hence the demand for luxuries such as cars will be higher (Bade and Parkin, 2001, p. 43). 2. What product or service might have a highly positive cross elasticity of demand with the market for cars? Describe its impact on the market for cars. Cross elasticity of demand measures the effect of the demand of one good because of the change in the price of another good. The elasticity is measured because of the change in price of one good and how this will affect another commodity demand. The two goods are either compliments or substitutes. When the cross elasticity of demand is positive, it shows that the goods are substitutes. When it is negative, the two products are complements. In the market for cars, motorcycles are the products with a highly positive cross elasticity of demand. O ther substitutes are the public transport such as busses and trains. Many people are opting to buy motorcycles in place for cars due to the effective nature of motorcycles as compared to cars. Customers in a situation where substitutes have such a positive cross elasticity of demand, opt for the product with the highest advantage. In the market of cars, the main reason why people are moving to

Using SPSS computerized statistical tool Research Paper

Using SPSS computerized statistical tool - Research Paper Example As discussed previously, descriptive statistics is an important concept that helps researchers to summarize large data set and draw meaning from them. Tables, graphs and pie charts have been deemed the best in describing data.From the analysis, it is evident that with regards to highest qualification of the respondents, a greater proportion of respondents had acquired high school education 1003 representing 49.6%, followed by those who were bachelor’s holders 355 representing 17.5% of the sample, the individual with lower high school being 297 representing 14.7% of the sample, those with post graduate came forth with 194 individual contributing to 9.6% of the sample and lastly those who have junior college qualification were 173 representing 8.6% of the sample (Fig. 1). Concerning hours worked in the last week, the number of children and total family income, the descriptive table below summarizes it all. It is evident from the analysis that on average, families had 2children w ith the biggest family having 8 children while the smallest having no child. On average, respondents worked for 42 hours in the last week, having a standard deviation of 14.480.The highest number of hours worked standing at 89 while the shortest being 1 hour. Based on coding adopted, the maximum and minimum total family income are over $150,000 and under $1,000. From the histogram above, the mean age is 77.7 years with a standard deviation of 17.35 years, meaning that majority fell between 30.36 and 65.06 years.

Nothing Gold Can Stay Essay Example for Free

Nothing Gold Can Stay Essay The poem â€Å"Nothing Gold Can Stay,† by Robert Frost, uses a abcb rhyme scheme to cleverly explain natures downfall, due to gold, in the world. The author begins by showing that nature’s true color is green, however, due to man’s greed they only see gold. Being that nature supplied the earth with gold, man should respect it and give back. Instead the author depicts that nature is stripped of her importance and sad therefore the dawn goes down to day meaning instead of the weather staying beautiful, like it does in the morning, it turns to the hot, muggy afternoon. On the last line the author says, â€Å"Nothing gold can stay† (914), because mans inability to let go of greed is destroying our planet. The author also uses figurative language to reveal the poem’s meaning. In the beginning of the poem he personifies nature into a female so that the audience better understands natures pain and suffering due to humans greedy ways. Also, he uses imagery to paint the picture of the garden of Eden sinking to grief meaning that nature is in duress and even the first garden known to man is on the verge of destruction unless we change our ways. Lastly the author uses a metaphor comparing green to gold by saying â€Å"Natures first green is gold† (914), explaining that green is the symbol of life and prosperity. For example money is green and when nature is described green typically comes to mind. But he says gold is the first green because all humans care about is gold and as a result they are giving it greater importance than nature, our source of life.

Nursing Processes: From Admission to Discharge

Nursing Processes: From Admission to Discharge Shan Jiang Develop an understanding of the nursing process from admission through to discharge of a client in a health care facility My patient is Mr. Peter William, 71 years old male, was found slumped in the shower accomplishing flaccid right limb and mouth and face drooping. In addition, this client also had slurred speech, and urine incontinence problems. In my care plan, I will outline the specific assessment tools and major health problems on Peter and present outcomes and interventions. There are two assessment tools that a nurse needs to do. One of these is the acute falls risk assessment tool. The main reason is that this client has right side weakness. This means that older people with limb flaccid contributes to high risks of falls. Nystrom and Hellstrom (2012, P. 473) state that the falling incidence of elderly with limb weakness is two times the number of those who are the same age without limb flaccid. Furthermore, Braden risk assessment scale also should be considered as a significant tool for this patient. The main reason is urine incontinence and limb weakness could lead to the impaired skin integrity and even pressure ulcer. Therefore, those two tools would be implemented due to urine incontinence and right side weakness. Peter has three main health problems, which are the guidelines to offer safe and high quality of care. The first and most urgent health problem is the risk of aspiration manifested by slurred speech and face and mouth drooping. The reason is that swallowing dysfunction contributes to high risk of aspiration and the difficulty of moving foreign materials from the airway (Garcia and Chambers 2010). As a result, this patient could not clear the airway effectively, leading to high risk of death. Another significant health problem is the risk of falls because of right side weakness. The reason is that this client would have high risk of injuries such as fracture even death, due to the high incidence of falling (Hindmarch et al. 2009 Naqul et al. 2007). The third health issue is risk of impaired skin integrity caused by urine incontinence and limb weakness. The reason why impaired skin integrity should be a priority is that broken skin contributes to various infections. All those evidence demonstrates that the key health problems are the risks of aspiration, falls, skin integrity and the prioritization bases on severity of threatening life safety. Relatively desired outcomes could be achieved by means of nursing interventions basing on the two priority health problems. Firstly, the incidence of aspiration is minimized and relevant complications would be prevented by multiple interventions. Rofes et al. (2011) report that food modification and other swallowing function rehabilitation contribute to preventing aspiration-related malnutrition and pneumonia and improving dysphagia. Furthermore, the falling rate decreases during hospitalized time attributes to professional nursing care. In other words, the falling rate of inpatient would decline dramatically due to the implement of multiple prevention methods. Therefore, professional and effective nursing interventions facilitate desired outcomes in terms of effective airway clearance and reducing falls rate. There are two interventions could be implemented to reduce aspiration. One of these is postural strategy. This means that modifying body and head position could minimize the incidence of aspiration and relevant respiratory complications. Rofes et al. (2011) report that postural approaches are easy and effective to be performed due to little fatigue and those involve head extension, turning head towards the unhealthy side and so forth. Those strategies could prevent residues from aspiration, such as titling head to the health side before making bolus directly to the stronger side through the gravity (Rofes et al. 2011). Another one is dietary modification. According to Garcia and Chambers (2010, p. 30), appropriate food texture according to the patient’s swallowing capacity contributes to ingesting foods sufficiently and thin liquids should be avoided due to fast transiting and solids. As a result, aspiration would be minimized. Therefore, postural methods and food modification could minimize the occurrence of aspiration. After discharge, various issues this patient might meet and relevant strategies could be implemented to combat those problems. Firstly, risk of falls still exists after hospital discharge. The main intervention is combining environment modification and education (Lord, Menzand Sherrington 2006; Hill et al. 2011). According to Lord, Menz Sherrington (2006, p. 58), there are a variety of factors associated with high risk of falls, such as home surroundings and falling incidence could be decreased to 31% in one year by assessing home hazards and educating the use of multiple mobility aids. Moreover, communication barrier is also a significant issue for this patient after discharge due to poor verbal communication. The reason is that aphasia would lead to low quality of life even depression (Hilari and Byng 2009). Therefore, relevant efforts should be taken to resolve this problem. According to Lanyon, Rose Worrall (2013, p. 360), aphasia groups contribute to promoting friendship and social issues through different modality communication activities, such as regaining meaningful interactions and communication skills. As a result, depression is minimized due to communication effectively and confidently. In present-day society, multiple chronic diseases are very common among the elderly and the clinical manifestations are complicated comparing to adults. This care plan indicates that the whole nursing procedure of an old patient with slurred speech, right side flaccid and urinary incontinence, which involves using assessment tools to identify major health problems: ineffective airway clearance and risk of falls and impaired skin integrity. Professional care could be applied to solve those problems including in hospital and post discharge. References Nystrom, A, Hellstrom, k 2012, ‘Fall risk six weeks from onset of stroke and the ability of the prediction of falls in rehabilitation settings tool and motor function to predict falls’, Clinical Rehabilitation, vol.27, no. 5, pp.473-79. Garcia, J M, Chambers, E 2010, ‘Managing dysphagia through diet modifications’, American Journal of Nursing, vol. 110, no.11, pp. 26-33. Hindmarch, D M, Hayen, A, Finch, C F, Close, J C T 2009, ‘Relative survival after hospitalization for hip fracture in older people in New South Wales, Australia’, Osteoporosis International, vol.20, no. 2, pp. 221-29. Rofes, L, Arreola, v, Almirall, J, Cabre, M, Campins, L, Peris, P G, Speyer, R, Clave, P 2010, ‘Diagnosis and management of oropharyngeal dysphasia and its nutritional and respiratory complications in the eldly’, Gastroenterology Research and Practice, vol.2011, viewed 7 May 2014, http://dx.doi.org/ 10.1155/2011/818979> Lord, S R, Menz, H B, Sherrington, C 2006, ‘Home environment risk factors for falls in older people and the efficacy of home modifications’, Age and Ageing, vol. 35, no.2, pp.55-59. Hilari, K, Byng, S 2009, ‘Health-related quality of life in people with severe aphasia’, International Journal of Language Communication Disorders, vol. 44, no.2, pp. 193-205. Lanyon, L E, Rose, M L, Worrall, L 2013, ‘The efficacy of outpatient and community-based aphasia group interventions: a systematic review’, International Journal of Speech-Language Pathology, vol.15, no.4, pp.359-74. Theoretical Framework in Sociology Research: Bradford Riots Theoretical Framework in Sociology Research: Bradford Riots What kinds of questions do the different theoretical frameworks encourage you to ask about the Bradford ‘riots’? Which of these questions do you find useful and worth pursuing? Why? What are the limitations of the theoretical frameworks you have considered? What questions do they neglect? The following is a brief discussion of how some of the different theoretical frameworks of sociology can be used to gain an understanding of social events and structures, with the Bradford riots as the selected case study. The different theoretical frameworks of sociology offer us the structures to carry out and then evaluate social research on particular events or issues, although the differences in these theoretical frameworks need to always be taken into account. The different theoretical frameworks of sociology in fact emphasise differing actors such as individual choices / freedom of action, the impact of economic, political, and social factors, as well as social institutions and social structures. Several research questions are put forward for discussion and evaluation to assess which ones will fit in best with the different theoretical frameworks of sociology that are discussed. The reasons for selecting the final research questions will be explained. Finally the potential sho rtcomings of the selected research questions as well as the chosen theoretical frameworks will be discussed. There are arguably various kinds of questions that the different theoretical frameworks of sociology would encourage us to ask about the Bradford riots, or any other social event for that matter. The different theoretical frameworks of sociology are after all meant to give people the ability as well as the capacity to evaluate and therefore to understand general societies as a whole and indeed specific social events in isolation. The shared purpose of the different theoretical frameworks of sociology is to analyse and to comprehend contemporary societies, the asking of pertinent questions being a widespread and also a sound means of determining the direction and the results of sociological research into specific events or areas. The different theoretical frameworks of sociology would in all probability encourage us to ask probing and open ended kinds of questions to find out more details concerning the Bradford riots. Of course the different theoretical frameworks of sociology would then probably go on to provide differing explanations of why the Bradford riots happened, as well as the main causes of what took place. For example questions like the following ones would be highly useful for the different theoretical frameworks of sociology to ask in order to evaluate what happened: Could the Bradford riots have been accurately predicted? Did the Bradford riots have long-term social and economic causes? Did the Bradford riots have short-terms social and economic causes? Could the Bradford riots have been averted at all? What role did social factors such as alienation, racial discrimination, and poverty play in causing the Bradford riots? Why were the local authority, the West Yorkshire Police, and the central government unable to prevent the Bradford riots from taking place? Are there any lessons that the local authority, the West Yorkshire Police, and the central government can learn from the Bradford riots? And if so should changes be made to prevent further riots in the future? All of the questions mentioned above would certainly prove to be useful in the provision of a meaningful analysis of the Bradford riots within the context of the different theoretical frameworks of sociology to ensure that important and accurate conclusions are reached about the causes of the violent outbursts. To a large extent all of the questions that could be asked would provide pertinent answers and research for a full analysis of the events surrounding the Bradford riots. However some of the questions would undoubtedly provide more complete levels of data as well as relevant information than other questions concerning the Bradford riots. If answered in full some of the questions would provide enough information to answer the other closely related questions. Indeed some of the less important questions could be used as follow up or secondary questions to the main questions actually being asked. The main questions chosen to gain the most useful information about the Bradford riots would be the following ones: Did the Bradford riots have long-term social and economic causes? Did the Bradford riots have short-terms social and economic causes? (With a possible follow up question of ‘Could the Bradford riots have been accurately predicted?). What role did social factors such as alienation, racial discrimination, and poverty play in causing the Bradford riots? (With the back up question of ‘Why were the local authority, the West Yorkshire Police, and the central government unable to prevent the Bradford riots from taking place?). Are there any lessons that the local authority, the West Yorkshire Police, and the central government can learn from the Bradford riots? And if so should changes be made to prevent further riots in the future? These questions have been chosen as theoretically at least they offer the best prospects of gaining as a wide a perspective of possible of the social and other possible causes of the Bradford riots. The selected questions depending upon how they are actually answered would allow functionalists, Marxist, and structuralism sociologists for example to come up with highly diverse conclusions based on the same data and research information about the Bradford riots. The answers given in response to these questions could and will undoubtedly be interpreted in various ways that may or may not fit in with the different theoretical frameworks of sociology already studied such as functionalism, Marxism, and structuralism. Of course there is a long tradition of the adherents of functionalism, Marxism, and structuralism interpreting data and research information in ways that make their theoretical frameworks appear to be the best method of understanding social events such as the Bradford riots. Thus the proponents of the different theoretical frameworks of sociology would almost certainly argue that their preferred theoretical framework is better than all the other alternative frameworks in explaining and subsequently understanding the Bradford riots. They would also be arguing that their preferred theoretical framework would be the best for analysing entire societies as well as highly specific social events. If answered in full the questions to be asked in relation to the causes of the Bradford riots should provide enough evidence to draw up research findings and also conclusions that fit in with the different theoretical frameworks of sociology such as functionalism, Marxism, and structuralism. However the conclusions would of course vary depending upon which of the different theoretical frameworks of sociology was actually being used at the time. Although there might be some similarity with the social and economic factors believed to have contributed to the causes of the Bradford riots, even if the different theoretical frameworks of sociology will rank such factors in different orders of over all importance. At the centre of the theoretical differences between the different theoretical frameworks of sociology is the issue of causation. Basically deciding whether or not individuals are free to act as they wish, or whether social structures, or indeed whether social and economic factors have the greatest influence in causing or worsening social events such as the Bradford riots. In many respects the Bradford riots are a very pertinent example of a social event that could be used as a case study to enable us to understand the ways in which the different theoretical frameworks of sociology use data and information to come up with evaluations of society. Although the different theoretical frameworks of sociology would all claim to have the ability to fully analyse and also to evaluate whole societies in general as well as specific social events in this case the Bradford riots. For those academics and sociologists that fervently believe in the accuracy and the validity of any specific one of the different theoretical frameworks of sociology then it is harder to accept criticism about those frameworks. Criticism and comments that their preferred theories and the other theoretical frameworks do in fact have shortcomings that can adversely affect the validity of research findings based upon their concepts and theories. Functionalism was one of the different theoretical frameworks of sociology that has the ability to analyse and evaluate the causes of the Bradford riots despite having some serious shortcomings from theoretical perspectives. Functionalism contends that when taken as a whole and also in the case of specific social events are shaped as well as heavily influenced by the inter relationships between individuals, social groups and also social institutions. Functionalism contends those individual beliefs and also social groups such as families or religious communities and social institutions like the West Yorkshire Police, the local authority, and the central government heavily influence their actual behaviours. Functionalism does have the capacity to analyse and to also evaluate the consequences of the interaction between individuals, social groups, and also social institutions. There is a very serious weakness when it comes down the suitability of functionalism for examining the Bradford riots. Functionalism as such does not recognise the possibility of the conflict between individuals, social groups, and also social institutions taking place. A social theory that does not recognise social conflict or struggles is certainly limited in its scope to understand violent events, like riots for instance. Marxism as a theoretical framework does provide some useful methods for analysing and evaluating the Bradford riots, yet it has obvious drawbacks. Marxism generally contends that class divisions as well as social heavily influence societies and economic inequalities that increase the prospects for conflict. Using Marxism as a theoretical framework allows us to understand the part that social and economic inequality as well as poverty played in causing the Bradford riots. Marxism unlike other theoretical frameworks does not recognise racial discrimination as a direct cause of social conflicts, which ignores the possibility that the Bradford riots were partially or completed caused by issues related to race relationships inside Bradford itself. The Bradford riots were also linked with religious issues, most notably the increased levels of alienation and aggression found within young Asian Muslim men in Bradford that felt isolated due to their race as well as their religion. Whilst Marxism is useful because it acknowledges that alienation can be a significant cause of social conflict, it tends to over emphasise the importance of class conflict. In the case of Bradford the issues of race discrimination and race relations are more relevant to the situation leading up to the riots, due to the high ethnic minority population within the city. In those circumstances Marxism’s emphasis upon class conflict does appear to be relevant at all. The theoretical merits of structuralism are that it has the capacity to evaluate as well as examine the various structures and also institutions within contemporary societies, and theoretically at least their impact on specific social events such as the Bradford riots. Over all structuralism actively contends that it is social structures and also social institutions that under normal circumstances the position of individuals within their own societies. The supporters of the structuralism theory go on to contend that individuals within their own societies do not actually have any influence as well as meaningful power over the main decisions and events within their lives. Structuralism as a theoretical framework does tend to stress how important social structures and institutions such as the emergency services, local authorities, education services, and most importantly of all the central government are responsible for providing individuals with opportunities as well as maintaining social stability. The central government and all the institutions and social structures it controls have the capacity to positively improve peoples lives alongside the negative function of punishing those that attempt to overturn existing social structures. It is thus a theoretical framework that stresses the overwhelming importance of structures and institutions in contemporary societies, and how they can solve social problems. Perhaps more importantly how social structures and social institutions can solve social problems if there is the political The main practical and also theoretical shortfall of structuralism is that it underestimates the influence that individuals an d linked small social groups can have over specific social events including the Bradford riots. Individuals and linked small social groups, especially the most alienated and angry ones can cause a great deal of destruction as well as disruption within their local area, or indeed beyond it. Alienated individuals and small groups may be particularly destructive and disruptive when social institutions and structures fail to understand them or underestimate the threat to law and order that they actually pose. Bibliography T. Bilton et. al., Introductory Sociology, 4th edition (Basingstoke: Palgrave Macmillan, 2002). J. Macionis and K Plummer Sociology: A global introduction (Pearson), 3rd edition, 2005 James Fulcher and John Scott’s Sociology (OUP, 2nd edition, 2003) Kenneth H. Tucker, Classical Social Theory. A Contemporary Approach (Oxford, Blackwell, 2002). John Hughes, Peter Martin and W. Sharrock, Understanding Classical Sociology. Marx, Weber, Durkheim (London: Sage, 1995). Pip Jones, Introducing Social Theory (Cambridge: Polity Press, 2003). K. Morrison, Marx, Durkheim, Weber. Formations of Modern Social Thought (London: Sage, 1995). Steven Seidman, Contested Knowledge. Social Theory Today, third edition (Oxford, Blackwell, 2004). Rob Stones (ed.), Key Sociological Thinkers (Basingstoke: Palgrave, 1998).

Some Surrender :: English Literature

Some Surrender I have recently read, analysed and enjoyed the short story â€Å"Some Surrender† by Bernard Maclaverty. I found this story very enjoyable as the author’s background themes were portrayed through a memorable and interesting dialogue in a thought provoking manner. The plot revolved around a hill walking trip for a father and son. It starts off with the climbing of the hill and the two catching up with each other as they have not spoken in a long time. They are celebrating the fathers 75th birthday. We hear of Roy’s – the son – failed relationship with his parents. This is due to his mother’s disapproval of him marrying a catholic woman and having a child out of wedlock. â€Å"She wasn’t even a good catholic.† Once at the top of the hill the two men share and discuss their views on the troubles in Ireland. They also talk about Roy’s job and his road to success i.e. writing a book. We learn about their secret meetings and how they used the rugby matches as an excuse. Afterwards, on their way down the hill, Roy realises how his father has aged and how fragile he has become. I found that characterisation had a major part to play in this prose as they each showed different political opinions and how these views have major effects on their lives. The father – who has lived and worked in Belfast all his life - is seventy five years of age and is getting on, although there is an obvious deterioration in health he is still fairly fit and has a â€Å"spring in his step†. He was an architect and had designed quite a few high-rise buildings, all due for demolition within the next few years. We hear that he has always been loyal to his wife and is well educated â€Å"I chose your mother. I didn’t choose you.† He stood by and respected his wife’s decision to disown their child, but he did not completely reject him. His views on political matters are very prejudiced and bigoted, always being anti-catholic . The son - Roy - is forty four years old and is a fairly successful photographer. â€Å"I see your postcards all over the place. Supermarkets even.† He has a book to be published and has got a new position working in Dublin. Despite his good job, we learn that he did not work hard in and came out of school with little or no qualifications. â€Å"You failed because you didn’t work hard enough.† After twenty years, only now has Roy got an easy and relaxed relationship with his father, despite his decision.

Critically evaluate the current status of the setting including policies and practices Essay

Self-reflection is a very important tool to be used in order to keep the nursery up to date with current legislation and to raise service standards. By regularly looking at where we are as a setting we can ensure that we continue to offer high quality education to our children. â€Å"Research has proven that self-reflection and evaluation both support good practice within a setting as a part of continual development. Importantly this self-reflection supports good outcomes for children.† (Barber and Paul-Smith 2009, pg.8) We have been using Ofsted SEF to evaluate where we are doing well and assess where we need to improve. â€Å"The self-evaluation form is designed to help early years providers to review and improve their practice, so that it is of the highest standard and offers the best experience for young children. Importantly it is a useful tool for you and any assistants or staff to evaluate the impact of what you do on children’s welfare, learning and development.† (Ofsted 2009, pg.13) PEST ANALYSIS POLITICAL ï‚ · Politically unsettled ï‚ · Arab spring ï‚ · Benevolent dictatorship ï‚ · No pressure groups ï‚ · Frequent change of legislation but no clear guidelines ï‚ · No official body or organization to refer to ï‚ · Government policies are not consistent and not properly disseminated ECONOMICAL ï‚ · Unsecure financial world markets ï‚ · Fluctuating exchange rates ï‚ · Expensive living ï‚ · Uncertainties in the economy ï‚ · No direct income taxes or VAT ï‚ · Several indirect taxes ï‚ · Increasing running costs ï‚ · Rapid expansion of Early Years industry ï‚ · Increasing competition SOCIAL ï‚ · Increasing number of working mothers ï‚ · Wider range of people ï‚ · Image of good standard of living and overall safety ï‚ · People moving and settling in the area ï‚ · Increased focus on Early Years Education ï‚ · Attractive area for different nationalities ï‚ · Broad spectrum of curriculum covered in the country TECHNOLOGICAL ï‚ · Easier information access (internet) ï‚ · Wider audience ï‚ · Better ability to reach out to the Community ï‚ · Blogging (positive and/or negative) ï‚ · Personal Technology ï‚ · CCTV cameras (name of city) is a safe place, its economy is considered ever flourishing but due to the ongoing global economical crisis it has its financial restraints. This analysis has also outlined how a business can be easily set up but also how difficult it is for it to thrive due to frequent changes in the legislation and the lack of consistent guidelines. Nevertheless, the increased interest in Early Years Education will soon allow practitioners to offer to all children high standards of learning. SWOT ANALYSIS STRENGTHS ï‚ · Well trained, qualified and experienced staff ï‚ · Impressive facilities ï‚ · Outstanding outdoor area ï‚ · Central location ï‚ · Extra-curricular activities ï‚ · Early years themed workshops and professional advisors WEAKNESSES ï‚ · Turnover of staff due to economic situation ï‚ · Policies and Procedures (only few in place) ï‚ · Being tenant of the facilities ï‚ · Old building badly maintained ï‚ · Lack of training opportunities ï‚ · Limited parental involvement ï‚ · Managerial limited decision making ability OPPORTUNITIES ï‚ · Several marketing options ï‚ · Exponential growth of market ï‚ · Partnership with professionals in childcare ï‚ · Diversified skills of staff with different backgrounds ï‚ · Wide professional network THREATS ï‚ · Extremely high price of rent ï‚ · Frequent new regulations with high implement costs ï‚ · New nurseries poaching staff and rising salary expectations ï‚ · Loss of key staff ï‚ · Frequent families’ relocations (name of nursery) is a newly established nursery in (name of city) that was initially planned with a greater focus on business rather than learning. Policies and Procedures were compiled and printed out hastily, without team brainstorming or subsequent effective compliance. The absence of specific legal requirements in the country makes it possible for nursery and day cares to operate, though in the best interest of children, without proper policies and procedures in place. Going through the process of self-evaluation has been the most valuable eye opener possible for me. I now know where we are and where we want to be. PEST and SWOT analysis have  allowed me to celebrate our strengths and pinpoint our weaknesses. Generally all policies will need to be rewritten, implemented and properly disseminated, but priority will be given to Child Protection and Behaviour Management Policies. A Staff training plan also needs to be put in place in order to ensure high standards in care and education of all children. Last but not least, it will be paramount to monitor progress and ensure that our procedures reflect our policies and that good practice is consistent throughout the academic year by gathering evidence regularly.

Technology and Science

Does science and technology always have a positive effect on society? Technology and society refers to cyclical co-dependence, co-influence, co-production of technology and society upon the other. This synergistic relationship occurred from the dawn of humankind, with the invention of simple tools and continues into modern technologies such as the printing press and computers. The academic discipline studying the impacts of science, technology, and society and vice versa is called (and can be found at) Science and technology studies. Science is â€Å"knowledge attained through study or practice,† or â€Å"knowledge covering general truths of the operation of general laws, esp. as obtained and tested through scientific method and concerned with the physical world.† Science is a branch of knowledge or study dealing with the body of facts or truths systematically arranged and showing the operation of general laws.Technology, when thought of is what man has created (â€Å" tech† means craft). Technology can govern what is said about art or applied sciences. Technology affects our society because technology is all around us. It is what allows us to advance forward through our eras. Primitive technology could be considered hammers made by Neanderthals. Science is very different from technology. Science is not what we can create, but is more focused on our world and how it functions.Learning how a bird flies is science, but mimicking a bird through aviation would be technology. Science is about gathering knowledge through a systematic perspective and creating theories and laws to prove what we have learned. Science IS our world and that is how it affects the world.Science affects society in many ways it can benefit or make the society to devastate as in when the nuclear or atom bomb were invented they were not was not meant to harm the society but during the world war 2 cities known as Hiroshima and Nagasaki were totally destroyed so science should be accompanied with humanity because if science without humanity is useless the biggest example is global warming, the automobiles were meant to make travelling easy not to harm the environment so science does affect the society but it depends on us that if we take it in a positive way or in a way to devastation of the society Science has resulted in major advances in medicine, which has resulted in increased life expectancy, lower birth mortality rates, and treatments for illnesses that were previously terminal resulting in increased population size.Competition for a place as a  functional member of society is increased, as well as the competition with other societies to increase the capital to support a large society and fuel a progressive economy. Also, science provides us with a sense that there is â€Å"proof†, or factual evidence for the otherwise unexplained. Science and technology has created many new machines for example machine gun, tanks , smoke gas and many mor e which helped nations to fight and win the war without having to loss many solders due to planes travel faster and carry heavy bomb loads. Technology made transportation easier and faster for better transportation for goods and services.Science has also made life easier building elevators and developing of internal steel skeletons to bear weight of buildings and many more building to make life easier for the people to live. Science had taken traditional and modern ideas. The first human to step on the moon. Another better controversy highlights the growing rift between traditional and modern ideas. Science and technology has done a lot for the society which is beneficial but at times it does affect the society in a negative way. Science and technology has a great affection on the society because today’s society runs on science and technology.Science and technology are on our figure tips because known life of young people runs on science and technology mobile computer and oth er new invention has bought the world to a greater standard. From my point of view science and technology has a positive effect on our society. Because of today’s generation can’t lie a single day without phones and internet which clearly show how important technology is for our society.

Ace Hardware Store Entering Bahrain Market Essay

We have endeavoured to emphasize on the suggested strategies which will allow Ace Hardware to consider venturing into the Bahraini market. Therefore with the information provided and composed, we have the opportunity to examine comments of Ace Hardware which allows us to highlight key issues faced. Organisations need to recognize and meet demands of the exterior factors which include threats and opportunities to uphold their competitiveness in the market. Henceforth, the intention of this report is to essentially investigate and assess the outlook of Ace Hardware Corporation in relation to expansion and growth in the Bahraini market. . 0 Introduction Bahrain is one of the unique countries in the Middle East. It alone has a stable economic climate and welcomes foreign investment with a highly business friendly culture thus making it an efficient country to start business. Introducing Ace Hardware to the Bahraini market because of a numerous aspects such as retaining 100% foreign owner ship and low taxation, provides a free, open and transparent environment that fosters growth, legal system protects companies’ rights, while their free market environment allows businesses to thrive. . 0 Industry Business Description The ACE Hardware Corporation is a well-known wholesaler of hardware and home-related products; the organisation offerings include safety equipment, plumbing products, outdoor living products, pet supplies, door handles, electrical tools, lawn and garden accessories, furniture, home appliances and many more. ACE has been affianced in the wholesale hardware business and has offered dealerships to retailers of hardware and associated items since the company in Illinois commenced incorporating in 1927. Today, ACE is the largest retailer-owned obliging and vibrant leader in the convenience division of the hardware business in terms of wholesale and retail sales and strength of the brand. 3. 0 Company description According to (Irwin, 2012), Ace Hardware ranks highest in satisfying home improvement retail store customers for a sixth consecutive year according to the J. D. Power of Associates Home improvement Retail satisfaction Study of 2012. This measured customer satisfaction with home improvement retail stores, based on the performance of five factors: merchandise, price, sales staff, sales & promotions and store facility. The organisation emphasizes on service and modern retailing techniques and has helped locally owned operated ACE retail stores confront intense competition from Home Depot and Lowe’s. In addition, it provides numerous value-added services such as marketing, advertising, merchandising and design services to its retail members. ACE’s 4,600 stores in all 50 states and more than 60 countries generate annual retail sales of approximately $12 billion (ACE Hardware Corporation, 2012). 3. 1 Type of business Retail Sales ACE’s 4,600 stores in all 50 states and more than 60 countries generate annual retail sales of approximately $12 billion (Ace Hardware Corporation, 2012). Dubai, Shanghai, Canada etc. Applying a Teradata warehouse permitted 2,500 Ace Hardware retail stores to transmit daily a point of sale (POS) transaction detail. According to (Murphy, 2007), â€Å"Teradata is the world leader in data warehousing solutions with a proven track record in retail, as we discovered when we sought vendor references. That experience, including customer relationship management, category management and business intelligence, made Teradata the right choice for Ace Hardware. † Basically, Ace relies on active warehouse data from Teradata, which has delivered a single repository for retail and wholesale sales, purchasing, customer information, financial data and inventory to essentially support large varied workloads. Wholesale In addition to its 14 retail support centres in the United States and freight forwarding operations on the West Coast and East Coast, ACE features three international distribution centres in Dubai, Shanghai and Panama. The international distribution centres provide: 1. Easier access to core stock of leading brand products and certified ACE products through their global supply warehouse 2. Online ordering systems 3. In-market fully operational support offices. â€Å"It is very useful to have Ace as a partner for this type of market. It is nice to be able to replenish your inventory on a weekly basis, which makes it easier to control. Our goal is to be a one stop shop for everything in your home, and we can do that with Ace. The people in the community can buy the Ace brand with confidence because it’s proven to be a good quality product. Jorge Ossa  Commercial Manager, Cemaco – Guatemala (ACE Hardware Corporation, 2012). ACE has established an accurate and demonstrated operating model for effective and efficient distribution allowing ACE Hardware retailers the wholesale benefit they require to be successful and profitable. Below are the some of the wholesale advantages available for ACE Hardware store owners:- * Lowest cost of goods * Named #1 Distributor according to Home Channel News in 2009, 2010 and 2011. (Home Channel News, August 2011) * #1 in wholesale sales at $3. 5 billion (Hardware Retailing, December 2010 ) * The combined buying power of over 4,100 locations To support the growing number of international ACE retailers and leverage international wholesale opportunities, ACE opened the Ace Global Distribution (ASG) warehouse in Shanghai, China 2006 (ACE Hardware, 2012). 3. 2 Legal Structure Each Ace Hardware store is individually owned and operated by local entrepreneurs – hard-working, passionate business owners who are involved with and, many times, exist in the communities where their stores are based (Ace Hardware Corporation, 2012). . 3 History ACE Hardware organisation was founded when Richard Hesse, Frank Burke, Oscar Fisher, E. Gunnard Linquist, William Stauber unified to form a purchasing and advertising enterprise among their Chicago- area hardware stores. Moreover, their combined buying power allowed the store owners to negotiate lower prices on merchandise acquired from wholesalers. Therefore, embracing the ACE name in 1927 and incorporated the succeeding year. Frank Burke served as president of the group and was succeeded by Richard Hesse in 1930. Over the next two years the firm progressed into a hardware organisation, obtaining directly from producers and storing merchandise in its own warehouse in Chicago. This strategy allowed ACE to further reduce costs by removing ‘middlemen’ wholesalers (Anonymous, 2012). Moreover, during its first half-century of operation, ACE was basically a conformist wholesale group, and its profits were distributed equally among shareholders. The company’s low-cost purchasing and distribution procedures quickly enticed new employees and franchisees. By the mid – 1930’s, the organisation had 41 members and sales of more than $650,000. Throughout history, ACE has accomplished to solidify their position as one of the strongest and leading competitors in the hardware industry. 3. 3. 1 Mission The mission of the ACE team is to ensure that their customers are satisfied. According to (Anonymous, 2012), â€Å"When something goes other than the way it was planned, we do everything in our power to make it right. You have the ACE promise on that†. In relation to corporate social responsibility (CSR), ACE Hardware has partnered with the CMN hospitals to give back to communities. The ACE Foundation has raised over $50 million since 1991 to help sick and needy children through partnerships with Children’s Miracle Network (CMN) hospitals. ACE also supports the American Red Cross Natural Disaster Relief Fund through donations of work gloves, shovels, mops, bottled water and more (ACE Hardware Corporation, 2012). Once again, ACE is proud to serve as a sponsor of the Champions program. The retail stores and ACE foundation organise a myriad of fundraising initiatives, many of which our generous customers are welcome to get involved. Furthermore, these fun and unique experiences raise much-needed funds that essentially result in the power to change lives and treat sick children at the Children’s Miracle Network Hospitals around the United States. Miracle Jeans Weeks is a program where employees throughout the company wear jeans during the company’s five designated Miracle Jeans Weeks each year. Furthermore, with a cost of $1 per day and almost 900 people on campus, it’s never in doubt that thousands of dollars are raised yearly from this enterprise. 3. 3. 2 Goals & Objectives One of ACE’s goals is customer satisfaction as they value their customers. â€Å"We know our customers want to be spoken to in a more personal manner, rather than in a blast† says Rich Neal who is ACE’s one-to-one manager. â€Å"So we have robust analytics team, and follow-up purchases with thank-you emails and direct mail, broken down into eight categories, including grilling and lawn and garden† (Mahoney, 2011). Therefore, for ACE Hardware customer satisfaction isn’t just an idea, it’s basically the entire purpose. According to (Marketing charts staff, 2011), J. D Power and Associates (2011) U. S Home Improvement Retailer Satisfaction Study, Ace Hardware ranks highest in satisfying home improvement retail store consumers, accomplishing a score of 786 on a 1,000-point scale, for the fifth consecutive year.. The study, now in its fifth year, measures customer satisfaction with home improvement retail stores which is built on the overall performance on five aspects: staff and service; store facility (including merchandise and cleanliness); merchandise (product information details); price; sales and promotions. 3. 4 Company Structure Ace’s Board of Directors establishes guidelines for Ace management. There are between nine to 12 director positions. Ray Griffith assumes the role of president and CEO and David Ziegler as the chairman of the board. 4. 0 Ace Product analysis: Ace hardware store offers an extensive range of more than 30,000 quality household products from kitchen mops to garden furniture and camping equipment. Ace’s product range consists of the everyday items such as sponges and shower curtains as well as occasional purchases such as wall paints and lawnmowers. Ace’s Products are categorized into: Outdoor Lifestyle: Ace has a wide range of outdoor lifestyle products to suit distinct tastes and needs -Outdoor furniture -Camping -Barbeque -Pools and spas -Outdoor constructions Gardening: a stimulating selection to meet outdoor gardening needs. -Gardening tools -Seeds -Indoor/outdoor plants -Pots and vases -Watering -Fertilizers and chemicals -Landscaping -Fencing and edging -Water features -Garden decor -Garden lighting -Shades and turf DIY: With the widest product range, competitive prices and informed staff, ACE is the choice for D. I. Y. enthusiasts. All ACE stores offer a wide selection of Tools, components and essentials for DIY as well as the biggest range of world renowned brands in power tools. ACE also provides free advice and solutions on any hardware or D. I. Y problem as well as free repairs on power tools under warranty. -Power tools -Hand tools -Hardware -Fastenings and fixings -Tool Storage -Timber -Electrical -Security Equipment -Safety Automotive: Ace has a wide range of quality automotive products. From accessories, cleaning and car care products, sunshades, 4X4 accessories and emergency kits to enhance the looks and performance of your vehicle. 4Ãâ€"4 adventure -Car Cleaning and Maintenance -Car Interior -Emergency and Safety Painting and Decorating: Ace offers more than 16,000 colors of paints; customers also can mix their own colors to come up with their ideal paint pallet. Ace provides all the necessities needed to complete the process of decorating homes. -Paints -Paint Equipment -Adhesive and fillers -Wall c overing -Arts, crafts and hobbies Home ware: ACE home ware has a complete range of lifestyle accessories all under one roof. -Cleaning, Laundry -Storage, Packaging -Living -Bed and Bath -Kitchen -Electrical -Wellness Pet Care: ACE offers a range of pet supplies and related pet products and accessories catering to dogs, cats, birds and fish. Ranges vary from pet food, toys and other essential pet care accessories. Services: Rental service: The Ace Rental Place offers a wide variety of equipment for rent on a daily, weekly or even monthly basis, great for items required for few usages or simply to try them out before deciding on the purchase. All rental items are well maintained with expert customer service. Customers can rent the following items:- †¢4 Burner Gas Barbeque †¢Upholstery/Carpet Cleaner †¢Generator †¢High Pressure Cleaner †¢Port-a-cool Ladder 16ft Multi-master In store services: -Assembly – Installation/key cutting -Automotive chip key cutting- Pipe Cutting and Threading -Blade sharpening – Screen Repair -Computerized paint – color matching- Small Engine Repair -Delivery- Special Order Services -Glass and acrylic sheet cutting -Glass repair -In store lock servicing 4. 1 Customer profile/demand analysis: Aces vast range of products and services encourages a diverse range of customers with different needs and wants. Hardware stores in general often prioritize their target market as home owners as the products they offer are mostly for household use. Ace is more than just a hardware store that just sells tools for men, it’s a superstore that attracts both men and women who are making decisions in the appearance and upholding of their homes. Loyal customers As part of a customer retention strategy the Ace marketers have focused their attention on customer insights, by creating a card-based loyalty club – the Helpful Hardware Club (HHC) customers at the store can sign up to the program making them eligible purchase discounts and special offers. Ace targeted the Lifestyle segment to boost their retention program causing evenues to rise 5. 4 percent as lapsed customers were enticed by discounts to return to their local Ace stores. (Nielsen 2009) Aces product portfolio also consists of outdoor leisure activities targeting consumers that are not necessarily home owners or prime decision maker with the household. Products for occasions such as camping or barbequing target a segment of active leisure consumers. This segment broadens ACEs target market outside home owners. The demand is not only in home improvement products but also in the items needed to care for them. This demand has forced manufacturers to introduce a large range of new cleaning products which targets upscale shoppers who desire convenience and a more natural, non-toxic product. Current market Bahrain is regionally known for its cosmopolitan lifestyle suggesting sophisticated consumers, with their relatively high purchasing power these consumers have a high willingness to spend especially on premium products and brands. 4. 2 Competitive situation: (Ellen 2010) Ace Hardware Corp the largest retailer-owned cooperative in the hardware industry by sales and the second largest dealer-owned cooperative in the United States. Ace’s innovation is what led them to establish the strong position they hold today. With over 4,000 stores in 60 different countries ACE hardware were ranked 8th in franchise directs top 100 global franchise’s (Francise Direct 2012). Ace hardware store faces intense competition within the United States. The US home center, hardware store and home improvement retail industry includes about 23,000 hardware stores and home centers with combined annual revenue of about $150 billion. The home center segment of the industry is highly concentrated: the top four companies account for more than 90 percent of segment revenue (Hoovers 2012) The success of individual companies depends highly on competing low-cost purchasing, effective merchandising, and competitive pricing. The top three competitors of ACE are:- †¢Lowe’s Companies Inc. †¢The Home Depot Inc. †¢Do it Best Corp Despite the intense competition in their domestic market, ACE has an opportunity in Bahrain as the Hardware store industry is not as well developed leaving space for entry in to the market. However, there will of course still be some Potential Competitors in Bahrain that Ace will have to face:- Ace’s direct competitor in Bahrain will be Manazel Hardware store; Manazel first opened its doors in October 1995 at Salmabad, Bahrain. It is a family owned business based in Bahrain. Carrying more than 50,000 products ranging in over 20 categories, some of which include: Furniture, Home ware, Hardware, Bathroom ;amp; Plumbing accessories, paint and Sundries, Outdoor Living, Garden Furniture and Accessories. Their Materials are sourced from all around the world to provide everything for your home and garden. Manazel 2012) Ace could initially face challenges competing with Manazel due to it being a locally based company, depending on the loyalty of their consumers it could be difficult in convincing them to switch to ACE. Ace has the advantage of being a well-established global brand and with the high rate of expatriates in Bahrain they may naturally prefer to switch to a m ore recognized brand. Ace will also face competition amongst the small local hardware and tool stores. These stores are popular amongst price sensitive customers. 5. 0 Environmental factors 5. 1 Host Country Business Climate: Bahrain offers very distinctive traits in the Middle East. It enjoys a stable economy climate and competitive costs. It has an amazingly business friendly climate which is an attraction for ACE and other companies to do business in this country, it has an excellent regulatory framework, and supportive government policy (Najjar 2011) The Host country for ACE Hardware is Bahrain, Bahrain is an Arab country with a total land Area of 712 square kilometres, a population of about 1,234,571 (end of 2012), out of which 666,172 are locals, according to the central bank of Bahrain. The main towns in Bahrain are Manama and Musharraq, the climate is mainly very hot and humid, language is mainly Arabic, but English is widely spoken. The metric systems used include 1dhara=48. 26 cm, 1 rafa=254 kg, the currency is the Bahraini Dinar (BD) = 2. 65 USD, the Time is 3 hours ahead GMT (Bahrain: Basic Data 2012). Bahrain is an Arab country and has the monarchy system, the ruler, king Hamad bin Isa al-Khalifa is expected to be secure for some ime to come; the Al-Khalifa family has control over most of the executive branches of government and legislature remaining weak. There will however always be primary tension over economic and financial inequalities, with the halting pace of political liberalisation of sectarian discrimination. Real GDP growth for Bahrain was expected to slow down to 3. 1% in 2009, as mainly international demand for Bahrain exports is weakening, but was expected to recover to 3. % in 2010 (Bahrain economy, 2009), and is expected to rise up to 4-5% in 2 012 due to increases in crude oil production, manufacturing and government spending according to the Economic Development Board (EDB) (Andy 2012). Bahrain’s business climate in 2007 attracted almost $1 billion worth of investments in new projects in 2007 as reported by Dr Hassan Fakhro minister of Industry and Commerce, He also went ahead to mention that new investments in the new projects were worth 373. 3m Bahraini currency, which is about $987. 6 million and these new projects also created about 13, 536 jobs in the country (Middle East Financial News 2008). Oil production output from Bahrain’s single aground field is in decline however, and the monarchy government is aware of the country’s vulnerability to changes in oil prices globally, with oil being the major source of government revenue for the country accounting to more than 70% of the economy. The economy of the country also relies heavily on goodwill received from Saudi Arabia, which runs a large offshore oil field whose production it shares with Bahrain. All these limited resources has made Bahraini government to have the strategy of diversification in order to prosper, increase the role of the private sector and provide a welcoming environment for foreign investment. FIGURE 1. 0: BAHRAINI GDP 2001-2012 BAHRAINGDP GROWTH 2001-2012 200120022003200420052006200720082009201020112012 4. 6%5. 2%7. 2%5. 6%7. 9%6. 7%8. 4%6. 3%3. 1%4. 5%1. 8%2% SOURCE: global finance: Bahrain Country Report 5. 2 SWOT ANALYSIS: Strengths; ACE hardware is a strong brand both across the USA and the world stage, with more and more expansion into the global markets into several countries across all the continents of the world. ACE has the resources and ability to pursue growth in multiple directions, with the ACE leadership team making a smart decision of focusing on their paint production, which has made them gain a huge customer base and customer loyalty (Bueno 2012). In 2010 ACE hardware has generated in excess of $3. 45 billion in wholesale and retailers enjoyed the added bonus of collective buying power at this volume by getting a decreased cost in goods, which has built the basic foundation for a more profitable option (ACE 2011). ACE produces many DIY products and many changes have taken place in this market over the last 85 years, ACE ownership however still remains the on top in customer satisfaction according to Business week and was ranked â€Å"highest in customer satisfaction Among home improvement stores four years in a row† (JD power and Associates) ACE hardware also enjoys major success in the market share with the help of top of the range advertisement and reduced goods cost, it has slowly established itself to be a major player in the global market for hardware products. ACE also expanding its wings to get a piece of the business boom, and with the advantage of an established brand name, it will be relatively easy to penetrate under developed markets as more businesses would want a merger with them as opposed to its rival companies. ACE is a sophisticate and established brand worldwide, and has adopted the new technologies as they come which has giving the company a competitive advantage as they are more organised and technologically more advanced, which has led to reduction in production costs for the company. The expansion of ACE into the global market has seen it gain market share, more so than their competitors such as Home Depot, Lowe’s etc. Weaknesses; ACE hardware has relatively small stores, compared to their rival companies like Lowe’s, Home Depot and Menards on selection ACE Hardware in 2008 reported a net income of $10. 8 million for the first quarter of 2008, which was a decrease as compared to 2007 when they reported $14. 1 million which was a $3. 3 million decrease. The company also reported earning s before interests and taxes of $13. million in the first quarter of 2008 as compared to $29. 2 million in the first quarter of 2007 (9) ACE hardware has encountered losses resulting from physical damage to breakdown of its computers in the European market, which has led to replace damaged computer hardware, the reinstatement of lost programs or Data and also had to increase working costs as a result of the problems (10). Opportunities Bahrain’s financial freed om ranking is 77. 7, making its economic system the Tenth freest in this year’s Catalog (2012). Its overall ranking is 1. 4 points higher than last year, with upgrades in trade freedom; investment freedom, work freedom, and freedom from data file crime error. Bahrain is rated 1st out of 17 nations in the Centre East/North African-American area, and its financial freedom ranking is well above the world average (Bahraini economic development Board, 2012) from the perspective of Ace this reduces business constraints giving them the freedom to commercialize their brand and reduces limitations on investment. Situated near commercial establishments in the Gulf with a causeway relationship with Saudi Arabia and the rest of the GCC, Bahrain is seen as a gateway to the Gulf, an industry of over 100 thousand individuals. Bahrain’s variety and openness keeps presenting opportunities for exporters. It has the most varied economic system in the Gulf Bahrain does not currently have a competitive hardware industry with only a few entrants and one major Hardware store giving ACE the flexibility to enter and the means to operate however they choose. The hardware market ACE is involved in is a highly competitive market, it takes a lot of marketing research by ACE and expensive research and new technological adaptations for the company to stay ahead of competition, couple with the reduced purchasing power of consumers due to economic downturns globally have been detrimental to business for ACE. Threats The law requires that you have a local partner who maintains most majority interest and can therefore manage the company and can close it anytime he wishes. The local partner, be it an organization or an individual, does not need to give rise to the start-up financial commitment or take part financially at all. (Bahrain, 2010). This could mean lack of security for ACE as there is the chance of being closed down with no warning or notice. The changes in labor Laws and regulations constantly by the US and other countries have been detrimental to their expansion, other domestic and international factors also have to be considered by ACE before entering into any market in any country, such as culture, corporate social responsibility obligations are all external factors that ACE has to consider. The process of opening a business in Bahrain is complicated and economically dangerous, significance that local information is essential. You must also seek advice from a good attorney from the beginning. A knowledgeable attorney will provide information to you through the signing up complications and his help will be important in defending your interests. This is applicable whether you are starting a moderate shop or a big enterprise (Bahrain 2010) The current Political unrest in Bahrain creates an unpredictable business environment. If the unrest becomes worse this could have major effects on Ace’s business activities in the region, currency fluctuations and could see reductions in the amount of expatriates present in Bahrain causing Ace to lose a large part of their target market. 5. 3 Government constraints in Bahrain Economic growth The economic growth is for Bahrain is likely to slow down in Bahrain; it went down to 3. 3% in 2010 as regional growth in the country as government finances are getting squeezed. Local consumption of private homes and offices is expected to slow sharply, with no a real positive growth in the employment sector. However government consumption growth in Bahrain is forecasted to also slow down. For ACE however the major demeaning factor of business entry into Bahrain would be the limited fiscal constraints in the country, as well as the subdued outlook for global direct investments flows. And the demand for exports and of goods and services is also forecasted to decline, ACE might have a hard time penetrating into the Bahraini market (Ace Hardware 2008). Economic policy An advantage for ACE going into the Bahraini market is the countries determination to move away from the oil sector. The government is determined to stimulate the private sector growth and foreign investments, and address high unemployment problems (Bahrain News Agency 2012) this would be an advantage to ACE as the government will give them an advantage of being accepted into the country without many business constraints. They can be assured of government support which is a large determinant of business success or failure for any business going into another country. Inflation and the exchange rate Consumer price inflation is expected to moderate in the coming years because of slower domestic demand growth. But with a relatively strong currency against the Euro and the Dollar inflation is expected to slow down an average of 1. 8% in 2009-2010. The Bahraini government is intending to enter into a currency agreement with Saudi Arabia, Kuwait and Qatar, and with the UAE, which has pulled out though, and the government and the central bank of Bahrain is expected to maintain the dinar’s value and peg it at the rate of BD0. 67=$1 that has been in place for 3 decades (Bahrain News Agency, 2012). Setting up a business in Bahrain For ACE hardware it would be good news for them to know that Bahrain is ranked first in the Economic freedom index in the Middle East and North Africa (MENA) region, and is seventh overall globally according to the Fraser institute Report 2012. The report by Fraser classifies these countries by using themes such as governm ent volumes, legal system, and intellectual property rights security, accessibility to sound funds, freedom of international trade and organization credit, manpower and companies. All these factors are important criteria to be considered by ACE before going into business in Bahrain. 5. 4 PEST ANALYSIS Political Legal Environmental Laws Bahrain has set up a strict law on polluters as fines of up to $133,000 are issues under Bahrain’s new environmental protection law, this is the first law of it ‘s kind related to anti-pollution in the Persian Gulf state. This law covers everything from car emissions, noise and workplace pollution, as well as handling and disposing of hazardous waste materials and chemicals. This is in accordance with what ACE has to achieve to be successful in Bahrain by practicing Corporate Social responsibility (CRS) to maintain the environment in Bahrain or risk serious government and legal issues (Pittsburgh Post, 1996) Stability of the Government Bahrain has entered into an era of instability due to a combination of the Arab spring recently, longstanding local grievances, the competition of regional powers and other external forces. The solution to this problems can be dialogue between the ruling Al-Khalifa Family and all opposition parties. The crisis has however slowed down in recent times with more and more dialogue and compromises being reached between both parties (Bahrain’s Quest for Stability 2012). Economic GEP growth in Bahrain In 2004 the Bahraini GDP has been reported by the ministry of commerce to have grown by 5. 2% from the previous year, this has been largely due to increase in foreign direct investment flow (Middle East 2004) and has been growing ever since with a reported GDP of 2. 1% increase in 2012. Currency The Bahraini currency is the Dinar and at 0. 67 Dinar to a US Dollar it is one of the strongest currencies when it comes to exchange in the World. Consumer price inflation is expected to moderate in the coming years because of slower domestic demand growth. This for ACE can only mean good news as it will be a positive currency to work with and no inflation worries that have to be considered by ACE. Social Population distribution in Bahrain The Bahraini age distribution has been as of the ye ar 2010 the kingdom was 1,234,571, part of which 568,399 were locals and the other 666, 172 were non Bahrainis. This from 2001 the population was 650, 604, this is an increase of 89. %. However, the population of the locals has decreased from 2001 to 2010 reaching 46% from the previous 62% in 2001. The proportion of the population of Bahrainis in the total population during the period from 2001 to 2010 decreased, reaching 46% in 2010; while the corresponding figure in 2001 was 62%. The percentage of non-Bahrainis increased 54% in 2010 while it was 38% in 2001 (Census, 2010). This shows an increased number of expats coming into the country which will mean for ACE that products should not only be made to suit the local citizens but the majority foreigners, which means overall business strategy has to change. Religion and Language: The official language in Bahrain is Arabic; however English is widely spoken mainly in business meetings and other social interactions. The non-Bahraini in the country mainly speak Farsi an Iranian language, or Urdu which is a Pakistani language. The main religion in Bahrain is Islam, which is the 2nd largest religion in the world, Muslims in fast for a month every year in the month of Ramadan. The Bahrainis though make use of both the Islamic and western calendar but mainly use the western calendar for business operations. Business meeting etiquette Appointments are necessary, morning meetings are preferred. However meetings are not advised during the months of August and July because most Bahrainis travel out the country when the heat is at its worst. , they are quite time conscious, so arrive at meetings on time. Personal topics should generally be avoided unless the relationship has developed or there is need to discuss matters confidentially. Bahrainis usually have an open door policy, so meetings do get interruptions. Business meetings also start after a long talk about health, family etc. Business Negotiation Etiquette The building of trust is important since trust is required in order to conduct business. Bahrainis are very time conscious and time driven, the actual meeting is more important than the timeliness or outcome. Bahraini organizations are hierarchal, the highest ranking employee or worker reaches decision. Decisions are top down and lower level employees usually have no say. Decisions take a lot of time; if you try to rush it will be perceived as rude and disrespectful. Technological The economic system in Bahrain relies upon intensely on innovative petrochemical technology, and many Bahrainis have had or are getting specialized training at several universities all over the country. Technology is just coming up in Bahrain with many projects being undertaken in recent times, but perhaps the most important is the Bahrain Green Tech EXPO which is dedicated to the green consumer products. Due to the high demand for environmental protection globally, Bahrain has taken this as the only business to business trade show focused specifically on ECO friendly consumer products. 6. 0 Business Strategies 6. 1 Product /service positioning Positioning is what the customer believes about your product’s value, feature, and benefits, it is a comparison to the other available alternatives offered by the competition (Jackson, 2012). Some basic strategies include:- By attribute or benefit This is the most frequently used strategy in positioning. In this case, Ace hardware’s products are mostly house used products, and the benefits they can give to the customers are the after service, and the quality. The after service they give is mostly repairing, assembling and delivery. Level of service and quality of a product offering are the main influences of developing a strong brand image. By user Customers often choose brands that identify with their own self-image. Ace should position itself to suit the image of the end user. Therefore ace should focus on the wants and needs of their target audience and how they perceive themselves and the brand. By competitor Competition wouldn’t be much of an issue for Ace since they would be entering a market that is not fully developed in Bahrain with few competitors. But they should remain aware of new entrants which are always a possibility and they need to be aware of the changes that may occur. By price or quality Price and quality are directly related in minds of consumers, People are willing to pay premium prices for premium brands that are have high quality. It is very important for Ace to identify where they want to be placed on the pricing matrix shown in figure 1. Ace product offerings vary in brands therefore prices will also vary depending on brand and quality. 6. 2 Pricing strategy Because of Ace’s diverse product range of brands they would need to use more than one pricing strategy. Using the pricing matrix above ace could use this as a guidance to set appropriate pricing strategies. Premium Pricing: One pricing strategy suitable for Aces different brands is premium pricing. Certain brands offered by Ace are luxurious brands with high quality and high price. It is clear on the matrix for these products Ace should use premium pricing which allocates high prices to those brands Economy Pricing: Ace also offers products at more affordable prices however they may have lower quality then premium brands. These types of products attracts customers that are not willing to spend excess amounts of money and would rather spend less for less quality Competitive Pricing: ACE could also use competitive pricing strategy to set benchmarks on their own prices. This strategy is most effective when there are limited competitors in the market which is the case for ACE and Manazel. Ace has a clear advantage over Manazel as it is a globally established company enabling them to set their prices slightly higher than Manazels. Estimated Selling Price: The estimated selling price for ACE hardware products in Bahrain would have to be set under consideration of several factors, such as the GDP of the country, the purchasing power of the country, the competitor prices and the strength of the Bahraini currency The GDP is the value of all final goods and services produced within a nation over a period of a given year. The Gross domestic products (GDP) of Bahrain is the lowest in the Middle East with a reported $32 billion in 2011, however when it comes to consumer purchasing power of Bahrain, it is ranked fifth in the Middle East with a reported $27,900 in 2011. ACE can base it’s pricing on this and compare to its most similar market which is the UAE which is ranked second on the purchasing power list in the Middle East with $48,800 in 2011 (Index mundi, 2012) The Bahraini currency is a major factor for setting prices, comparing to the UAE market which is the closest to Bahrain both geographically and economically 1 Bahraini Dinar = AED 9. 7 so prices can be higher for the Bahraini market considering the difference in currency strength. Bahrainis live a very cosmopolitan lifestyle and would be prepared to buy from expensive and established brands (Numbeo, 2012), which will mean ACE, shouldn’t face many issues setting medium to high prices in Bahrain. But for the large number of expat s in Bahrain ACE has to adapt itself due to the target market it has set for itself when setting prices. Expats are genuinely not price sensitive when it comes to purchasing from known global brands as they find it easier to trust brands they are familiar with. The most important factor however is comparison of process with its main competitor in Bahrain which is Manazel; this company has built its reputation in Bahrain as one of the best Hardware stores and offers discounts and promotional vouchers to loyal customers (Manazel, 2012) which will mean stiff competition for prices for ACE. However, due to lack of information on actual goods prices for Manazel, ACE can do further research and sets it prices on information found. 6. Distribution and logistics Ace products will be available to customers through two sources: Retail sales: as many of its branches worldwide also provide retail shops, similar shops should also be provided in Bahrain in different major cities, to make the products more accessible to customers in more varieties, and as shopping is part of the Bahrainis past time this will be a major attributor to its overall sales. It will also increase overall brand popularity of ACE in Bahrain. Online store catalogue: ACE provides this service for many of its branches in different countries worldwide, but as internet commerce is not popular in Bahraini ACE should not expect major traffic on these online websites. Ace currently has distribution centers located in various parts of the world to enable more efficiency for their global stores at different pin-points. This way transport costs can be cut as well as time on delivering inventory. The closest distribution center to Bahrain is currently in UAE being operated by the Al Futtaim group. Ace can extend their current agreement with Al Futtaim for them to deliver across to Bahrain and take care of their inventory as well as the UAE. 6. 4 Promotion and Advertising Promotion ACE’s competitor in Bahrain Manazel offers various promotional vouchers and discounts to its customers, should be a model ACE will focus on that will help it gain more popularity with customers. Coupons, discount vouchers, loyalty cards should all be included as promotional tools by ACE and all promotional activity should reflect the goal ACE wants to be perceived as which is ‘the helpful store†. Advertising The most important part of marketing for any product is advertising, there are several tools ACE could you to get its name out in Bahrain which include, word of mouth, billboards on (major signs, buses etc. ) radio adverts, Television and much more. Due to culture and market similarities with the UAE ACE could use existing ads in Bahrain to cut costs in advertising research. 6. 5 Estimated sales/sales mix A sales mix is the specific sales of each product offered by a company in comparison to total product sales. Businesses commonly track this information to figure out exactly how much profit they make or can make when marketing a range of items or services. The sales mix of products will often impact an organization’s bottom line. 6. 6 Production/service strategies Production or operations strategy refers to the pattern of decisions or course of action that the organization takes to produce goods and services. The production strategy shows the direction the production or operations function of an enterprise should take. It has important consequences for the way production resources are selected, deployed and managed (Sarkissian. 2012). 7. Financial Planning â€Å"Financial planning is the process of meeting your life dreams/goals through the proper management of your finance† (Beniwal, 2010). This allows the usage of several financial tools such as Profit and Loss Statements, Cash Flow Projection and Financial Analysis to basically achieve financial objectives. 7. 1 Profit and Loss Statement Below is the Condensed Consolidated Statements of Income (Unaudited) for the three and nine months ended September 29, 2012 and October 1, 2011. ACE HARDWARE CORPORATION| | | | | | | | CONDENSED CONSOLIDATED STATEMENTS OF INCOME| | | | | | | (Unaudited, in millions)| | | | | | | | | | Three Months Ended| | | Nine Months Ended| | | September 29,| | October 1,| | September 29,| | October 1,| | | | 2012| | | 2011| | | 2012| | | 2011| | | (13 Weeks)| | (13 Weeks)| | (39 Weeks)| | (39 Weeks)| | Revenues| $| 949. 9| $| 912. 0| $| 2,929. 0| $| 2,787. 5| | | | | | | | | | | | Cost of revenues| | 826. 1| | | 797. 6| | | 2,564. 3| | | 2,449. 3| | | | | | | | | | | | | | | Gross profit| | 123. 8| | | 114. 4| | | 364. 7| | | 338. 2| | Distribution operations expenses| | 25. 1| | | 26. 2| | | 74. 4| | | 70. 7| | | | | | | | | | | | | | | Selling, general and administrative expenses| | 35. | | | 36. 2| | | 104. 5| | | 104. 3| | | | | | | | | | | | | | | Retail success and developme nt expenses| | 26. 2| | | 27. 6| | | 91. 5| | | 84. 1| | | | | | | | | | | | | | | Total operating expenses| | 86. 8| | | 90. 0| | | 270. 4| | | 259. 1| | Operating income| | 37. 0| | | 24. 4| | | 94. 3| | | 79. 1| | | | | | | | | | | | | | | Interest expense| | (4. 2)| | | (8. 9)| | | (20. 2)| | | (27. 8)| | | | | | | | | | | | | | | Loss on early extinguishment of debt| | -| | | -| | | (19. 9)| | | -| | | | | | | | | | | | | | | Interest income| | 1. 0| | | 1. 5| | | 2. | | | 3. 8| | | | | | | | | | | | | | | Other income, net| | 1. 7| | | 1. 5| | | 5. 0| | | 6. 1| | | | | | | | | | | | | | | Income tax expense| | (0. 9)| | | (1. 4)| | | (2. 4)| | | (2. 4)| | | | | | | | | | | | | | | Net income| | 34. 6| | | 17. 1| | | 59. 7| | | 58. 8| | Less: net income attributable to non-controlling interests| | 0. 3| | | 0. 1| | | 0. 3| | | 0. 3| | | | | | | | | | | | | | | Net income attributable to Ace Hardware Corporation| $| 34. 3| | $| 17. 0| | $| 59. 4| | $| 58. 5| | Accrued patronage distributions| $| 33. 3| | $| 15. 2| | $| 57. 0| $| 53. | | See accompanying notes to the condensed consolidated financial statements. | | | | | Ray AGriffith, GuziK, William M & Gast, Erik D. , 2012). | | | | | | | | | | | | | ACE HARDWARE CORPORATION| | | | | | CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS| | | | (Unaudited, in millions)| | | | | | | | Nine Months Ended| | September 29,| | | October 1,| | | 2012| | | 2011| | | (39 Weeks)| | | (39 Weeks)| Operating Activities| | | | | | Net income| $| 59. 7| $| 58. 8| Adjustments to reconcile net income to net cash provided by operating activities:| | | | | | Depreciation and amortization| | 30. | | | 29. 0| Amortization of deferred gain on sale leaseback| | (0. 9)| | | (0. 9)| Amortization of deferred financing costs| | 1. 6| | | 2. 2| Gain on disposal of assets, net| | -| | | (2. 0)| Provision for doubtful accounts| | 2. 8| | | 3. 2| Loss on early extinguishment of debt| | 19. 9| | | -| Other, net| | 0. 2| | | -| Changes in operating assets and liabilities:| | | | | | Receivables| | (43. 2)| | | (39. 0)| Inventories| | (28. 9)| | | (68. 9)| Other current assets| | (2. 6)| | | 2. 7| Other long-term assets| | (7. 0)| | | (8. 0)| Accounts payable and accrued expenses| | 32. 6| | | 72. | Other long-term liabilities| | 6. 0| | | 2. 2| Deferred taxes| | 1. 1| | | 5. 0| Net cash provided by operating activities| | 71. 3| | | 56. 6| Investing Activities| | | | | | Purchases of marketable securities| | (9. 0)| | | (46. 1)| Proceeds from sale of marketable securities| | 8. 6| | | 46. 3| Purchases of property and equipment| | (31. 2)| | | (19. 5)| Decrease in notes receivable, net| | 1. 6| | | 1. 4| Other| | 0. 1| | | 0. 1| Net cash used in investing activities| | (29. 9)| | | (17. 8)| Financing Activities| | | | | | Net borrowings under revolving line of credit| | 113. 0| | | 9. | Proceeds from issuance of long-term debt| | 200. 0| | | -| Redemption of senior notes| | (301. 3)| | | -| Principal payments on long -term debt| | (7. 5)| | | (4. 0)| Payments of deferred financing costs| | (5. 2)| | | -| Payments of cash portion of patronage distribution| | (27. 7)| | | (26. 4)| Cash Flow Projection Condensed Consolidated Statements of Cash Flows (Unaudited) for the nine months ended September 29, 2012 and October 1, 2011 Payments of patronage refund certificates| | (17. 3)| | | (17. 3)| Proceeds from sale of noncontrolling interests| | 0. 3| | | 8. 8| Other| | 0. 6| | | 0. | Net cash used in financing activities| | (45. 1)| | | (29. 2)| (Decrease) increase in cash and cash equivalents| | (3. 7)| | | 9. 6| Cash and cash equivalents at beginning of period| | 15. 8| | | 9. 3| Cash and cash equivalents at end of period| $| 12. 1| $| 18. 9| Supplemental disclosure of cash flow information:| | | | | | Interest paid| $| 21. 3| | $| 20. 1| Income taxes paid| $| 0. 9| $| 0. 5| See accompanying notes to the condensed consolidated financial statements. | | | | 6| | | | | | (Ray A Griffith, GuziK, William M & Gast, Erik D. , 2012 8. 0 Management considerations ACE will undertake a big change in bringing ACE hardware to Bahrain, Bahrain overall will be a good prospect as the company has penetrated a similar market in the Middle East (i. e. United Arab Emirates) and with a very stable economy and freedom of business with no government interruptions it will be a relatively easy venture for an established brand such as ACE. However the management at ACE has to consider several factors that will make the venture a more smooth transition, such as trying a joint venture with a local business, culture considerations so as not to put out unethical products. 8. Personnel/sales force factors A sharp forecast of more and employees getting into the professional field in Bahrain, and the stiff rise in population over recent years and also the preferences giving to the locals in hiring, ACE hardware has to take into considerations means and processes of hiring its employees, personnel training and qualification has to be of the highest standard and profe ssional communication skills has to be a criteria in hiring employees 8. 2 Business Advisors: With the help of a business advisor Ace could more effectively implement their strategy to break into the market in Bahrain. An effective business advisor would ensure a smoother transition by assisting ace in dealing with the laws and regulations entering the market and guiding them through government policies. Due to Aces existing established stores already present in the UAE the corporation already has knowledge on the different structures of setting up business in the Middle East. Business advisors in Bahrain would help them in ways more specific to the Bahrain market and can also help them with most effective Methods of Marketing in the country and the most effective locations to set up stores. 9. Recommendations/Conclusion Ace should undertake an aggressive marketing campaign upon entering the market in order to create brand awareness using ‘Coming soon† promotions to build up the hype of the store. Ace should engage with local business advisors in Bahrain to help guide them with cultural differences and deal with government legislations and regulations. Ace should undertake further Exten sive research to gain a better understanding on aspects of the Bahrain hardware market and to know their potential competitors and their offerings more in order to price, promote and operate more effectively.