Comparative Study of Personal Financial Planning Essay Example for Free

Comparative Study of Personal Financial Planning Essay It is generally seen that people have a misconception that financial planning is about saving more and spending less but that is not the case, it is more about saving the right amount so that future goals can be met. The objective of financial planning is * To ensure that the right amount of money is available in right hands at right point of time in the future to achieve the desired goals and objectives. It * Provides direction and meaning to your financial decisions. * It allows you to understand how each financial decision you make affects other areas of your finances. Financial planning and investments can be undertaken by anyone with a clear assessment of ones inflow of funds and the goals that need to be achieved from time to time. Keywords: Financial planning, wealth management, investment instruments, real estate Introduction Financial planning is achieving your financial goals in the most efficient manner. The broad areas of financial planning include Investment planning  -Your wealth will only grow over time if you have invested it in assets. Investment planning  deals with the kind of investments an individual should invest in to get the best out of his wealth. In this the risk and return profiling of an individual is done based on his life stage, spending requirements with respect to his income and wealth, time horizon and liquidity requirements and various individual specific constraints. Investment Planning is important because it helps you to derive the maximum benefit from your investments. | Cash flow planning   In simple terms, cash flow refers to the inflow and outflow of money. It is a record of your income and expenses. Though this sounds simple, very few people actually take time out to find out what comes in and what goes out of their hands each month. Cash flow planning refers to the process of identifying the major expenditures in future (both short-term and long-term) and making planned investments so that the required amount is accumulated within the required time frame. Cash flow planning is the first thing that should be done prior to starting an investment exercise, because only then will you be in a position to know how your finances look like, and what is it that you can invest without causing a strain on yourself. It will also enable you to understand if a particular investment matches with your flow requirement| | | 3. Retirement planning   Retirement planning means making sure you will have enough money to live on after retiring from work. Retirement should be the best period of your life, when you can literally sit back and relax or enjoy your life by reaping benefits of what you earn in so many years of hard work. But it is easier said than done. To achieve a hassle-free retired life, you need to make prudent invest ment decisions during your working life, thus putting your hard-earned money to work for you in future. Planning for retirement is as important as planning your career and marriage. Life takes its own course and from the poorest to the wealthiest, no one gets spared. We get older every day, without realizing. However, we assume that old age is never going to touch us. The future depends to a great extent on the choices you make today. Right decisions with the help of proper financial planning, taken at the right time will assure smile and success at the time of retirement. Retirement Planning acquires added importance because of the fact that though longevity has increased, the number of working years havent.Tax planning   Tax evasion is illegal but tax minimization is legal. Thus you can reduce your tax liability by planning effectively. With proper tax planning you can increase your after tax income. |   | 5. | Children future planning- It is essential to plan for the future of your children. The purpose of Childrens Future Planning is to create a corpus for foreseeable expenditures such as those on higher education and wedding and to provide for an adequa te security cover during their growing years. Savings alone is no longer enough.

Foxmeyer Case Study Analysis Information Technology Essay

Foxmeyer Case Study Analysis Information Technology Essay FoxMeyer worked on idea of installing an ERP system to process the million order requests company received each day. ERP system will manage the packaging and routing of pharmaceuticals from various vendors to thousands of hospitals, clinics, drug stores, and other stakeholders. To pursue with the installation, Company hired Andersen Consulting and other consultants to help with the installation. Together with ERP, FoxMeyer decided to install a new warehouse-automation system, increasing the complexity of its plan. FoxMeyer bought the software from well experienced vendor. These systems were designed to automatically pick more than 80% of outgoing orders from shelves in warehouses. Ans1a. FoxMeyer pharmaceuticals had certain critical issues in the change management because of poor planning and not putting on extra efforts in implementation of ERP system. There were certain issues involved with employees with implementation for two systems in a huge scale which resulted them threatened over there job assurance. At FoxMeyer, reports revealed senior management was highly committed in the starting phase but also some users were not as committed. There was some morale problem among the warehouse employees as the projects Pinnacle warehouse automation integration threatened their jobs. The closing of three warehouses and the transition to the first automated warehouse as disaster. Sabotage done by the employees was huge loss to company. Disgruntled workers damaged inventories, orders were not filed and also there were huge mistakes occurred since a new system struggled with the high level of volumes. A total, amount of around $34million worth of inventory were lost as sabotage. Ans1b. Change Management is one of the critical steps an organization has to take while implementing an ERP system. Since one the major problem arises in the FoxMeyer was the loss of confidence among employees in their job security. One of the main contributing factors to this loss in the FoxMeyer case is the automation of processes and main contributor being the computerization of tasks. Implementing change without prior planning or proper strategy in FoxMeyer not only created disaster but also chaos and unrest among workers. Being the Boss of FoxMeyer, I would suggest following strategies in ERP implementation: Communication Strategy: Management in FoxMeyer should be assigned to discuss future strategies- to ensure a thorough approach. This Strategy will include preparing project plan, project progress report and trainings for employees. FoxMeyer presented the case of one-end communication where Management were seen forcing their decision to workers which created chaos and workers were not committed to change. Having proper communications from both side had resulted in better cooperation and motivation for employees. Impact analysis: This is a method thoroughly determined the current system and analysis how the ERP system will affect the Human Resource and business environment. FoxMeyer workers were not provided information with the reason for change and nor was consulted for the willingness of ERP system implementation. Business processes needs to be systematically documented especially for the area which may be affected by new system. Information will be documented is job description and job history which will construct organises comparison on how the real business processes may vary from what has been documented. This analysis will help FoxMeyer to analyse how significantly the ERP system may affect the system, which will be the most affected by the implementation and what raining might be required to ensure the smoothness for the implementation of new system. Skills analysis: Major issues during ERP implementation is training. AS the FoxMeyer workers were not trained properly for the new system, which resulted in poor order processing, inventory lost and greater chaos. This also killed the interests of workers towards change and made them less committed. This strategy will help FoxMeyer to analyse, who needs training to pursue jobs purposes, to find out that needs to be trained and what skills company need to developed. FoxMeyer will pick up and train staff from internal departments accordingly and train them to work with new system. Ans2a. FoxMeyer Project of implementing ERP system hoped to save $40 million annually and project cost estimated to be $65 million and also with complete installation ERP system and Automation system was another $18 million. Ans 2b. The Project lead to Bankruptcy for FoxMeyer. FoxMeyer had a budget of $65 million for implementation of SAP but the final implementation bill was more that $100million. Extra cost also includes  £34million loss of uncollectable shipping an inventory costs. Other costs that FoxMeyer paid was loss of customers, market reputation, Loss of employees, structure and Loss in Share values. Ans2c. An Enterprise Resource Planning (ERP) system covers the techniques and concepts employed for the integrated management of businesses as a whole from the viewpoint of effective use of management resources, to improve the efficiency of an enterprise. They have many advantages both direct and indirect. The direct advantages include improved efficiency, information integration for better decision making, faster response time to customer queries etc. The indirect benefits include better corporate image, improved customer goodwill, customer satisfaction, and so on. (Sourced from: http://www.articlesbase.com/software-articles/a-recipe-and-ingredients-for-erp-failure-124383.html) FoxMeyer advocate ERP solutions as a part of their strategic development plan which would help to re-engineer their business processes in order to accomplish long-term goals. Actual cost for organisations does not only include installation cost, human cost and licensing cost. There are other costs with the implementation of ERP which as following. These costs are hard to measure but are way higher than actual costs. Project Costs: FoxMeyer had perception that continued perception will produces large payoffs i.e. the company expected a saving of $40 million annually. Psychological Costs: the consultants had prior records and history of success which encourages organisations to continue the project and generate high expectation with project, resulting uneven investments. FoxMeyer had more like this with what it could chew but embarking on a fast track project with unskilled staff. Social Costs: The consulting company did not externally justify projected. De-escalating the project through abandonment would have meant bad publicity. Organisation Costs: Organizations pay huge losses over delay in projects or lack of usage techniques which results undue investments without any outputs. Lack of change management might also result in order to control the increasing costs of operations and staff issues. Managers must realize other opportunity cost involve in the ERS system implication for example cash outflows which might result in better outputs in investing in other areas. Ans3. FoxMeyer had researched and analysed ageing population of America which presented grounds to expand their business and opportunity to grow bigger. Ans3a. FoxMeyer signed the contract to supply University Health System Consortium (UHC) Ans3b. FoxMeyer expected a growth in business due to an aging population and anticipated a growth in the pharmaceutical Industry. FoxMeyers long-term goals were to lower their operating expenses, manage the inventory more efficiently, gain greater share by expanding market and sales. FoxMeyer after developing and implementing new ERS system wanted to enhance more operations and efficiency and generate more order processing systems. Ans4. Risks involved in the project Implementation in Fox Mayer: Technical Risk: High technology always requires extensive capital for development. In Addition high technology needs research and development. It needs extensive testing which takes more time and funding. FoxMeyer tried implementing software with a big bang theory without extensive research or trials. Organisational Size: FoxMeyer being $5 billion Company working as wholesale distributor and manufacturer of pharmaceuticals product. Company extensively implemented EPR system thought-out its organization as whole instead trying and monitoring success in particular department or area. This resulted in sudden change in business operations and giving employees more tough time with their job without extensive training and skill assessment. Technical Novelty: SAP system employed by FoxMeyer was presented with high performance and saving company with a $40million per year on its operational costs. Though the technologies were new and have not been implied or tested anywhere in pharmaceuticals. FoxMeyer made a quick decision without reviewing or proper analysis of SAP which later on created havocs and problems for FoxMeyer after implementation. Even the SAP software was not compatible with current hardware and systems used by FoxMeyer. Company even forget to analyse the efficiency of usage in future of large orders since it has plans of expansion. Technical Expertise: SAP was new technology for FoxMeyer workers and they lack necessary skills to operate the businesses using new technology. SAP was introduced with big bang theory to the workers without proper training and skills assessment. Ans5a. FoxMeyer used a theory called big Bang Adoptions theory. This theory describes the adoption type of the instant changeover, when everybody with new systems moves to the fully functioning new systems on given date. Ans5b. FoxMeyer project Risks of customer mandate which relies on commitment from both top management and users. Although senior management commitment was high, reports reveal that some users were not as committed. There was a morale problem among workers especially in warehouse employees as they got threatened with three warehouse closures because of automation of warehouse. With the Big bang adoption theory, FoxMeyer changed all the EPR systems with SAP and also introduced new software for warehouse automation without any prior information to the workers. Workers were threatened by this approach and also felt lack of commitment from FoxMeyer as the company did not informed, revealed its future plans considering its workforce. Ans6. It can be arguable and quite out of understanding, when a FoxMeyer give allegation to SAP that the bankruptcy is because of the failure of their ERP system. After all how can a software package alone bring a large company down, which already had around 15000 satisfied users around the world? Thus, I believe the companys management are the reasons for their demise. On Contrary their can be various point that can be established over the demise of FoxMeyer. I would briefly discuss certain points which I Believe is relevant and to conclude who is responsible for the project failure leading to bankruptcy: Drawbacks of ERP system used by FoxMeyer: Implementation complexity Problems with business Strategy and Competitive advantage Over Budgets and Late projects Integration Problem Organisational Change and resistance to change Having analysed case I felt the demise was firstly architect by FoxMeyer management. Though even highly committed to this approach but they lack understanding of the consequences of implementation. Company had planned and had well established long term goals. But the vision is not effective unless it is strategically planned and implied. FoxMeyer management relied heavily on the outer sources of consultancies and software without researching any other alternatives or even checking any compatibility with its operations and system hardware. Project implementation was introduced with a big bang approach without even conducting certain trials or effective planning. There were so many risks involved with the project implication. However, I would not like to blame FoxMeyer for their poor planning; SAP and Anderson Consulting are too responsible for the failure. It can be argued that SAP had made false promises to the FoxMeyer highlighting that SAP is capable of high level order processing for FoxMeyer current system and is compatible with current Business operations and hardware. SAP being very complex software with complex functioning and with certain disability of integration of operation among different departments. Also, With Anderson Consultancy, Company was promised to provide all services, skills and training by consultancy. Which made the FoxMeyer relied heavily on the Consulting services and resisted to developed their skills or implement any change by them selves. Failure of services lead to chaos in FoxMeyer, resulting extensive loses in terms of customers, workers and productivity. Ans 7. Critical points among SAP and FoxMeyer: FoxMeyer had expectation with SAP, so much that it started building contracts with other companies like UHC considering high and efficient operations in future. Which resulted a heavy workload in computing of order processings when SAP was still being implemented and servers or hardware were not much compatible with such a work load. SAP too presented that hardware are compatible and SAP can be installed and will provide better techniques of order processing. However system failed to process 10000 audits per night where as previous ERP system could process up to 4000o orders each nights. SAP was much inexperienced into foray of high distribution technology and the system was not able to handle large volume of orders. The automation control too had constant bugs and FoxMeyer had to deploy hundreds of workers to work around the issues. The whole operations between the combined issues snowballed. Thus giving errors in order processing, inventory losses, resentment among workers etc. Which resulted in heavy loses of money, production, market reputation and brand. According to my Opinion, SAP wasnt efficient to such a high distribution and order processing ERP which resulted in failure of all operations and leading FoxMeyer to bankruptcy and even to there demise.

Migraine Headaches: Probable Causes and Effective Treatments :: Biology Essays Research Papers

Migraine Headaches: Probable Causes and Effective Treatments During my first year of High School, I began getting frequent headaches, about three or four each week, which included symptoms of nausea, increased sensitivity to light and an intense throbbing pain localized to one side of my head. Immediately, my parents and friends noticed a change in my behavior. Shortly after the onset of these headaches, my academic performance suffered as the intense symptoms became debilitating. With their enduring persistence, I visited a neurologist who diagnosed me as suffering from migraine headaches. The symptoms were clearly indicative of classic migraines, which the neurologist informed me were usually genetic. Therefore, upon questioning me about my family history of neurological disorders, he did not find it surprising that my maternal grandmother had been plagued with severe headaches since her early twenties. Later, he explained to me that the precise cause of migraines was yet unknown but that there were some very effective treatments available t hat would prevent the onset of the migraines. After trying several different medications, we found a successful preventative drug, called Norpramine. Six years later, still on the medication, I only suffer from an intense migraine about two or three times per month. However, searching for the correct medication was the most painful and helpless process of my life, an experience that I would never care to relive. Before I had settled on Norpramine, I was using medications that were only effective in relieving the symptoms after the onset of a headache, one of which was a painful injection that had a variety of uncomfortable side effects. Over the years, I have done some superficial research on migraines, finding it perplexing that a disorder that affects millions of individuals is so difficult for scientists to pinpoint. Thus, I decided to focus this paper on the probable causes of migraine headaches and examine some of the possible treatments that work well for many individuals, including me. Migraine headaches affect an estimated 11 to 23 million Americans, women more commonly than men, and include symptoms like throbbing or pulsating pain and nausea (1). The first documented records of migraines originate from 3,000 B.C, when a popular treatment involved drilling holes in the skull to release evil spirits (1). Several scientifically based theories about the cause of migraines have recently developed, although the exact mechanism is still unknown. One of the current, highly supported theories suggests that migraines occur when there is a specific chemical imbalance in the brain, which in turn results in changes in the blood vessels (2).

The History of Harlem - Cultural Epicenter of America’s Black community

Over a significant time frame, African Americans have been forced to endure numerous hardships – one of which being the negatives stigmas that unfairly generalize their people, culture and way of life. Therese stereotypes of a whole nationality label Blacks as, â€Å"superstitious, lazy, ignorant, dirty, unreliable, (and even) criminal,† (â€Å"Stereotypes†). Such generalizations are products of the public’s perception, which has been diluted by rooted historic and current prejudice as well as the media’s conveyance of a well-known African American cultural center: Harlem. Despite negative connotations associated with it, Harlem stands as a community that strives to flourish and maintain its strong cultural status. George Canada, the founder of the Harlem Children’s Zone, states, â€Å"People think kids are all violent, and they’re all out fighting and shooting. Most of our children want to grow up in a peaceful community where they c an live their lives and become successful adults† (â€Å"Your City†). Because this area has been subject to consistent historic change, its past is rocky, which accurately mirrors the struggle of the African American people. In order to achieve a better understanding of both the African American community and its cultural hub, it is essential to know the area’s unique cultural history. From Renaissance to riots; drugs wars, violence and poverty, Harlem’s history as the cultural epicenter of America’s Black community may shed some light on the evolution of its current culture, people and stereotypes. In the 1920s, Harlem, New York had reached a cultural peak; â€Å"it became the most famous and influential black American ghetto† (Weisbrot). With the migration of African Americans to the north, Harlem became heavily concentr... ...l P. "Chapter 9: Harlem Renaissance - A Brief Introduction." A Research and Reference Guide - An Ongoing Project. 2 Feb. 2008. PAL: Perspectives in American Literature. 13 Nov. 2008 . "Stereotypes of African Americans." Stereotypes of African Americans. June 2008. Wikipedia. 28 Nov. 2008 . Weisbrot, Robert. "Harlem." Encyclopedia of Urban America. 340-41. Ebooks. OhioLink. Cincinnati. 13 Nov. 2008 . "Your City, Your News." NY1. New York City. 13 Aug. 2008. Harlem Children Rally Against Gun Violence. 13 Aug. 2008. NY1. 20 Nov. 2008 .

Learning team charter †team “c” Essay

Course Title Com/172 Team Members/Contact Information Name Phone Time zone and Availability During the Week Email Central Monday-Friday 9a.m.-9p.m. Central Central Monday-Friday Team Ground Rules and Guidelines What are the general expectations for all members of the team? Each team member is expected to present all work or research assigned in order to be given full credit as a team member. Team meetings are scheduled every Wednesday at 12 noon through the OLS system in the Team C forum. The deadline for each assignment will be Sunday of each week by 8:00p.m. The Certificate of Originality will be signed as â€Å"Team C† only if each team member has presented his or her completed work. If not, the certificate will be signed with individual names of names of team members whom have completed assignments. If a team member cannot make a meeting or reach the assignment deadline, the team must be notified at least 24 hours before the meeting or the assignment is due.​ ​ ​Expectations for Time Management and Involvement (Participation, communication with the team, accessibility, etc.) Each team member should give an equal amount of time and participation. We are also expected to communicate openly with each team member and be available on or at their posted or desired times of availability. Each member must attend all team meetings on Wednesday of each week.​ ​ ​​​Ensuring Fair and Even Contribution and Collaboration What strategy will you use to ensure that all team members are contributing and collaborating appropriately? Describe the communication strategy you will use if a team member is not contributing and collaborating effectively. How will the team manage conflicts between team members? We will stay connected on a regular basis to ensure each member contribute appropriately. In the event that a team member is not contributing on a regular basis, we will first use the OLS system to contact them. If and when that do not work, we will contact them on their personal cell phone and then resort to their email. Conflicts between team members will be handled through team meetings on Wednesday of each week. If the conflict cannot be handled through team meetings, we will forward the problem to the class instructor for assistance. ​ ​ ​​Special Considerations What do you, as a team, agree will make this team experience different from past team experiences? As a team, we agree that proper communication will make this team a success. An open line of communication must be used to ensure quality work as a team. We will allow and be open to all ideas and suggestions from each team member to be presented to find the best outcome.​ ​​ ​ ​

Null hypothesis. Marketing Essay

Assessment activity 1 1. When conducting research on behalf of your organisation or for a client organisation, how will you determine the most appropriate data sources to use? In this case the most suitable data source will be a desk research because this information will have already been gathered, analysed and reported on by other companies. It means that you will not waste time and money doing what others before you have done. 2. Why are cross checks and cross references necessary? To ensure the information is correct. Assessment activity 2 1. What tools would you use to collect and collate data and why would you use them? 2. Why should your desk research include the collection and analysis of data relative to the organisation’s current and past performance? Collection and analysis of data relative to the organisation’s current and past performance is very important to decide what we are looking for and the questions we are trying to answer. In this way our needs can be met. Assessment activity 3 Describe and explain the reporting formats that might be required to follow when submitting desk research results. Assessment activity 4 1. What is the difference between working and null hypothesis? A working hypothesis is a theory that we can use in our thinking about possible consequences. Such hypotheses allow us to predict and then look for results. Null hypothesis stands in direct contrast to its Alternative hypothesis. If we propose that action A will cause result B, we have a testable hypothesis, called the alternative. 2. How do these hypothesis help to focus the research? It help to guide the development of a research project and aid you in determining the direction you need to take and the questions to which you need answers. Assessment tool 2 1. What is desk research? Explain the steps involved Desk research is identification and analysis of information which has already been compiled and published in some form. The basics of a good desk research involve: – knowing where to look and what to look for – Understanding the quality of the source material – ensuring you get the right information. Core to any desk research is obtaining a list of sources. If you do know the subject area or the key jumping off points, you are likely to know exactly where to look immediately. This is where experienced researchers have advantages, as typically, they have a wide knowledge of sources know where to look and how to look. 2. What are quantitative and qualitative data? Explain the differences and their use in market research. Quantitative data is anything that can be added up whereas qualitative data deals with options, attitudes and behaviour and provides dues as to â€Å"why and how†. Quantitative information allows analysis of the strength of a trend. It is used to answer questions such as ‘who, what, where and when’. Qualitative info consists of descriptive statements about events that have happened. It includes opinions or comments by customers on a product or a service provided, future plans or even visions of what an organisation right become. 3. Describe the techniques you would use to identify potential research respondents. 4. Why is it important to ensure that rooms and facilities for survey recruits are well prepared? Describe how you would conduct a data gathering session. 5. Compare and discuss 2 software applications suitable for entering data. Assessment tool 3 Market research Market research is a powerful tool, which can be utilized to better understand a company’s customer base – allowing these companies to optimize their advertisements, predict market trends and guide their overall decision making. Specially in the case of coffee shops world. This report covers multiple and independent coffee shops. Coffee shops are defined as outlets where coffee accounts for a sizeable (usually at least around 40%) part of sales with quite a restricted, mainly packaged, food offer and small amounts if any, free alcohol. For some countries this will therefore include outlets such as donut shops and bars. Market value is based on expenditure including sales tax in these outlets; market volume is based on numbers of outlets. A Snapshot report is designed to provide instant preliminary market research. Each report provides an overview of the defined market, including market size, market forecast, segmentation, company market share along with top-line socio economic data. The data is supplied in both graphical and tabular format for ease of interpretation and analysis. There is is a mix of primary and secondary data sources. In addition each market contains an exclusive 5 year market size forecast. What’s more, our team of international research analysts are always on hand to provide further assistance where required. It’s a level of service you won’t find anywhere else. Secondary Research All secondary data sets in both local and global languages are derived from a range of sources, from government statistics to trade magazines. In addition, strong relationships with different companies. . Typically an analyst use a minimum of 3 to 4 data points for each table, analysing different aspects of the market. Full transparency of source data is provided for all secondary sources. Furthermore, we need to seek written permission from the original source which is quoted in every case, reinforcing the integrity and robust nature of the data. Primary Research – Trade Interviews Once secondary research has been exhausted, the language specialist researcher will then validate the information collected though semi-structured telephone interviews. Validation through telephone interviews is critical. We aim to receive confirmation from National Trade Associations, Statistic Offices, and major players of each quoted market. Forecast Methodology The basic model which the GMN forecast was built on is called the ISDE model, which is a framework based on four main concepts, namely: ï‚ · Interface ï‚ · Supply ï‚ · Demand ï‚ · Environment These four concepts can each affect the fluctuation of markets. First, all the main parameters are identified that affect the market/industry which is to be forecasted. Once identified the parameter is matched to and classified with the ISDE model. Interface These are factors which affect markets or industries. Mainly they regard to conditions and factors in the transition phase between the supply and demand. Supply  The total amount of goods and services that are available to purchase. Demand  Desire, ability or need by individuals or companies to purchase goods or services. Environment  The environment includes all factors external to the market or industry, which in one way or another, influence them. Each element of the ISDE model is affected by different parameters. Based on their understanding of the sector in question, the analyst selects the parameter regarded as the most relevant. For reasons of conformity, reliability and currency, the range of parameters at the analyst’s disposal is confined to eight parameters. These are updated on a monthly basis: ï‚ · Real agriculture ï‚ · Real industry ï‚ · Real manufacturing ï‚ · Real services ï‚ · Population ï‚ · Private Consumption The research methodology employed by MSI has been subject to numerous procedures to guarantee the quality and the reliability of the information contained within the reports. In-house consultants are employed full-time and receive a sixmonths training period to acquire and implement MSI’s research methodology. MSI’s methodology can be divided into five principal stages: †¢ Stage 1: secondary research  The consultancy teams work closely with trade associations, magazines, and government bodies operating in the researched field. Further research is also carried out from information available internally from our in-house documentation service and externally from the Internet. The latter is carried out by our teams which have the experience and the knowhow to efficiently and productively extract information from existing sources. †¢ Stage 2: primary research: interviews with trade sources The consultancy team proceeds to undertake a series of telephone or face-to-face interviews, with a representative selection of companies operating in the chosen industry. Every attempt is made to talk to leading players in the sector as well as smaller companies. Interviews are therefore carried out with manufacturers, distributors, importers, suppliers, installers and end-users. Indeed, some of our studies involve more than a hundred interviews. The data gathered from interviews is systematically checked and compared with the secondary research. †¢ Stage 3: analysis of the gathered data The information gathered during the two previous stages is then analysed and synthesized. A second series of interviews can be done if necessary to check and validate the data during this decisive stage. †¢ Stage 4: quantitative data MSI reports provide quantitative data, such as market estimates and forecasts, to measure the researched market. This data is based on the estimates obtained during stage 3. The quantitative data contained in the reports is based upon the consultancy teams’ appreciation and analysis of the market and is consequently unique to MSI. †¢ Stage 5: quality control  Each report is the subject of a rigorous checking and editing process by an experienced management team.

International and Comparative Employment Relations Free Essay Example, 3250 words

It is rather the labor practices related to the enforcement of labor laws which have been hampered to a great extent. This behavior of the countries can be directly seen as an attempt to attract higher Foreign Direct Investment (FDI). Similar findings were also made by Olney (2010) and he had observed that nations are engaged in a cutthroat competition with one another to reduce labor standards. For instance, the shifting of a vacuum cleaner plant of an American multinational company to Scotland had coincided with the relaxation of hiring standards in Britain. The case of Foxconn can also be treated as one which is blindly been driven by profit and neglecting labor standards. Foxconn which mainly provides electronic parts to big players like Apple have greatly reduced their labor costs after the recession and it was evident in the rising operating margin of the company. Research conducted by Chan (2013) had shown that the company have compromised basic human rights in a bid to meet the production quotas. This has led to suicide attempts among multiple employees. The supply chain of manufacturing companies in China, in an attempt to harness export, led growth have created working conditions which were so mechanical that it almost became impossible for the workers to survive. We will write a custom essay sample on International and Comparative Employment Relations or any topic specifically for you Only $17.96 $11.86/pageorder now In another research of Chan, Pun, and Selden (2012) it was revealed that employees were so highly disgruntled with the conditions in the Foxconn factories that there was evidence of multiple protests against the harsh punishment that were met by the employees when they were late for their work. Problems were not only present with Foxconn, but all multinational companies operating in China, which had minimum regard for labor standards. The problems do not lie solely with developing countries. Developed countries like the U. have also seen significant stagnation of real wages of workers engaged in the export-oriented industries as countries like China have very low minimum wages luring multinational companies to outsource their production processes in these countries (Becker, 2014).

Radiation Therapy As A Treatment For Cancer - 1173 Words

In 2007, it is predicted that almost 1.5 million people will be diagnosed with cancer in the United States (Pickle et al., 2007). More than half of these cancer patients will undergo the use of radiation as a means for treating cancer at some point during the course of their disease (Perez and Brady, 1998). Cancer, a disease caused by an uncontrollable growth of abnormal cells, affects millions of people around the world. Radiotherapy is one of the well known various methods used to treat cancer, where high powered rays are aimed directly at the tumor from the outside of the body as external radiation or an instrument is surgically placed inside the body producing a result of internal radiation. Radiation is delivered to the cancerous regions of the body to damage and destroy the cells in that area, terminating the rapid growth and division of the cells. Radiation therapy has been used by medicine as a treatment for cancer from the beginning of the twentieth century, with its earlie st beginnings coming from the discovery of x-rays in 1895 by Wilhelm Rà ¶ntgen. With the advancements in physics and computer programming, radiation had greatly evolved towards the end of the twentieth century and made the radiation treatment more effective. Radiation therapy is a curative treatment approach for cancer because it is successful in killing cancerous tumor cells and stop them from regenerating. Radiation therapy treats cancer by killing or slowing down the continuous growth ofShow MoreRelatedEssay about Radiation Therapy1225 Words   |  5 PagesWhat do cancer, radiation, and technology have in common? The links between the three are quite extraordinary. Cancer is a disease that accounts for 13% of all deaths in the world (Delfino and Day 1). The disease has an impact on patients, friends and their love ones. According to WebMD, radiation is energy that travels in the form of waves through radiation therapy. Through radiation therapy, radiation is used to stop, slow or cure the growth of cancer. With technology, radiologists can treatRead MoreThe Many Uses of Radiation in Medicine651 Words   |  3 PagesWhen the word radiation is said most people automatically think cancer. There are many uses of radiation in medicine. There are several ways to detect forms of cancer in the body. One form of detection is having a positron emission tomography scan also knows as a PE T scan. Radiation is also used as a therapy through the use of a treatment using chemotherapy. There is also a form of treatment called Radiation therapy that is used as a medical use. The journey from using radiation to detect if theRead MoreCancer Is One Of The Biggest Burdens That The World Has1162 Words   |  5 PagesCancer is one of the biggest burdens that the world has to face daily. According to the National Cancer Institute, in 2012, 14 million new cases of cancer were established and 8.2 million cancer-related deaths worldwide (â€Å"Cancer Statistics†). Sadly, the number of new cancer cases and deaths will only be increasing as the years go on. Cancer has such an impacting effect on everyone, whether a loved one, yourself, or someone you knew has been affected by this disease. Due to this, I want to join theRead MoreRadiation Therapy Is The Most Common Side Effect1005 Words   |  5 PagesRadiation Therapy is the use of high energy radiation to damage cancer cel ls and prevent them from growing and dividing. More than 70% of cancer patients have undergone radiation therapy treatment (1). While radiation therapy today seems to be a very common medical treatment for cancer, there are still several risks a patient takes when choosing to undergo this treatment. There are obvious physical risks that happen that most people are aware of, however, many people do not think about the psychologicalRead MoreCancer Research1035 Words   |  5 Pagesnew cases of cancer and an estimated of 595,690 people will die from the disease in 2016 (Cancer Statistics†). Cancer is a very common aliment that affects men, women, children, and all races and ethnicities. There are many different types of cancers, and cancer research has been a focal point for many scientists. There are various treatments that a cancer patient to undergo. Surgery, chemotherapy, radiation therapy, and immune therapy are among the most common ones. Each treatment works differently Read MoreCancer s Reputation Is Dismal And Menacing1155 Words   |  5 Pagesor loved ones is cancer. The word automatically instills fear, confusion, denial, and leaves the individual questioning his or her beliefs wondering â€Å"Why me?†. It overpowers all previous commitments or opportunities seizing control over the customary quality of life. Cancer is a disease caused by an uncontrolled division of abnormal cells in a part of the body often metastasizing elsewhere. With more than two hundred types of cancer that can affect more than sixty organs, cancer kills a half millionRead MoreRadiation therapy is an important practice in a lot of hospital and clinics many people are not1200 Words   |  5 Pages Radiation therapy is an important practice in a lot of hospital and clinics many people are not aware of. It is also known as Radiation Oncology, and it is for the treatment of cancer by using beams of high-energy waves called radiation as the UI Cancer Information Services defined it. Radiation therapy plays important role in helping cure cancer. Radiation therapy is given to cancer patients in order to kill the cancer cells or it may slower the growth of cancer cells (UI Cancer Information ServicesRead MoreThe Discovery Of Radiation Therapy Essay1254 Words   |  6 Pages Radiation Therapy Diana Salazar RAD: 211 Mrs. Evelyn Grove Fayetteville Technical Community College Radiation Therapy Radiation therapy is the use of high-energy radiation from x-rays, gamma rays, neutrons, protons, and other sources to kill cancer cells and shrink tumors (National Cancer Institute, 2016). One of the main purposes of radiation is to preserve the normal cells while killing the cancer cells. To fully understand the importance of radiation therapy it is imperative toRead MoreEssay on Understanding Radiation Therapy, Its Safety and Development1520 Words   |  7 Pages Introduction: Radiation therapy is the utilization of radiation in order to treat diseases like cancer as well as to detect other ailments that someone may have. Since the development of radiation therapy many advancements have been made both to the process of using radiation itself, which in turn increased its effectiveness for medical use, and to the study of other possible uses for radiation. The concepts behind radiation therapy are not overly complicated, but they are still revolutionary ideasRead MoreDental Problems Of The Dentist1564 Words   |  7 PagesIf you are diagnosed with any type of Head and Neck cancer, the last person you would think about visiting is your dentist. Most patients are surprised when told that they will have to see a dentist before any cancer treatments can be started. The dentist plays an important role in preventing serious mouth problems before and after your radiation treatments and also helps you maintain good oral health during and after your treatments. D ental problems such as gum disease, cavities, and poorly fitting