Harriet Tubman Was A Runaway Slave From Maryland Who Became Moses Of H

Harriet tubman was a runaway slave from maryland who became moses of her people. Her real name was Araminta Ross. She was of 11 children.She was a nursemaid for her master's baby.One day a man went to the store without permission and was going to get whipped. He asked ross to help and she refused.He threw an iron at the boy but he missed him and hit ross. It almost cracked her skull.She married in 1844 to a man named John Tubman.She decided to run away her husband refused to go.And she saved 300 people in slavery. The reward for all the people she took was $40.000 & she kept saving and they all lived. THE END!!!

Strategic Analysis (SWOT, PESTEL, Porter) of Premier Inn (Whitbread Plc) The WritePass Journal

Strategic Analysis (SWOT, PESTEL, Porter) of Premier Inn (Whitbread Plc) Introduction Strategic Analysis (SWOT, PESTEL, Porter) of Premier Inn (Whitbread Plc) Introduction1. Premier Inn1.1 Mission and Vision1.2 Premier Inn Standards1.3 Future Plans1.4 Management Board1.5 Customers Insight1.6 Corporate Responsibility2. PESTLE Analysis2.1 Political2.2 Social2.3 Technological2.4 Environmental2.5 Legal3. Porter’s Five Force Analysis3.1 Threat of New Entrants (Potential Entrants)3.2 Threat of Substitute (Substitutes)3.3 Bargaining Power of Customers (Buyers)3.4 Bargaining Power of Suppliers (Suppliers)3.5 Intensity of Competitive Rivalry (Competitors)4. SWOT Analysis4.1 Strengths4.2 Weaknesses4.3   Opportunities4.4 Threats5. Critical Success Factors6. Conclusion and Alternate Strategy for Premier Inn7. Recommendation and Suggestion7.1 Objectives and Expected Results of Market DevelopmentReferencesRelated Introduction 1. Premier Inn The Whitbread PLC story began in 1742 when Samuel Whitbread opened his first brewery. In 1750, Whitbread PLC moved to premises in Chiswell Street, London and was the first purpose-built mass-production brewery in Britain. Whitbread PLC became a well-known brand name in the brewery industry until 2001 when Whitbread PLC sold its breweries and left the pubs and bars business. Whitbread PLC had diversified in a variety of different industries including wines, spirits and nightclubs but decided to refocus its business on its leading growth areas, hotels and restaurants (Whitbread Co, 2011). Premier Inn is one of the major brands of Whitbread PLC (Other Brands Include: Costa Coffee, Taybarns, Brewers Fayre, Table Table and Beefeater Grill). Premier Inn is the UK’s largest hotel brand with occupancy rates of over 80% in more than 590 budget hotels with over 43,000. Premier Inns’ location is paramount to its success as most are found along major roads and in regional towns and cities. Premier Inns’ brand promise is to give you ‘a good sleep, night after night after night – consistently do the extra-ordinary’ (Premier Inn Website, 2011). Premier Inn is an award winning hotel chain and has geographical spread to facilitate 75% of the UK population in a radius of five miles. Premier Inn’s bedrooms all have an attached bathroom, TV with Free view, and Wi-Fi internet access. All hotels comprises of a bar and restaurant, either inside the building, or next to it, offering and serving a wide range of dishes. All these facilities and services are offered at a very cheap price starting from just  £29 per night (terms and conditions apply). They are also expanding their hotel chains internationally. In this regard Premier Inn have opened one hotel in Dubai and two in India. This is just the start of expanding geograp[hical spread around the world. 1.1 Mission and Vision â€Å"We want to make our hospitality brands the best they can be by focussing on our customers and giving them just what they want† 1.2 Premier Inn Standards Offer 100% money back guarantee of quality room to customers Comfortable surrounding Friendly servic They call it â€Å"Good Night Guarantee† 1.3 Future Plans Big expansion plan of adding another 55,000 rooms by 2014 to cement the current position as the UK’s biggest hotel chain Aiming and planning to be the biggest budget hotel chain in London by 2012 Planning to open more hotels in overseas 1.4 Management Board Premier Inn brand is management by an independent Management Board which consists of highly professional executives teams. 1.5 Customers Insight In 2009-10 Premier Inn initiated a program to understand the customer more effectively and vigilantly. They have evolved their strategy on customer feedback. The deep insight in customer’s feedback provides them to initiate their programs more efficiently which leads them to winning and retaining customers. They hold regular Focus Group meeting to explore thought and feelings of customers. Their customer feedback program mainly includes: Premier Inn Guest Satisfaction Survey: The biggest in Europe Premier Offers with rooms from  £29:   Inspired by our customers Brand standards: Maintain consistency across our Hotels and Restaurants Using YouGov Brand Index to compare performance with other leading brands (Premier Inn, 2011) 1.6 Corporate Responsibility Premier Inn is committed to Corporate Responsibility Programs â€Å"Good Together†. They are continuously building their values. They have long history of community development programs. The corporate responsibility is an integral part of their businesses. The corporate responsibility of Premier Inn is focused on six priority areas (i.e. Environment, People, Sourcing, Health, Community and Customers). They keep devising a more committed strategy across these areas. 2. PESTLE Analysis There are certain factors in macro-environment that could affect decision making and strategies of organizations. Sudden Changes in Tax, Imposition of Laws, Increasing or Reducing Trade Barriers, Cultural Demographic Changes and Changes in Political Environment Government Policy are some of the key examples of macro environment.   These changes could bring certain positives as well as negatives for every business. PESTEL (Political, Economic, Social, Technological, Environmental and Legal) Analysis is a tool which is widely used by business managers for analysis of these critical factors. It is very helpful for development of strategic decision making. The Premier Inn’s PESTLE Analysis below critically evaluates and identifies different strategic in a competitive and dynamic environment. 2.1 Political Positive and pragmatic collaboration with UK Government has brought Hospitality Industry into key success area of economic development in UK. Hospitality is the UK’s fifth largest industry, directly employing more than 2.4 m people and contributing over  £34bn in gross tax revenues. As the generator of eight per cent of total employment, the industry is ahead of the financial services, transport and communications, and constructions sectors. Prime Minister David Cameron has recognised that tourism is one of five ‘big-ticket’ industries of the future and one that the government ‘should get behind’ especially as for every 0.5% increase in the UK’s share of the global tourism can add  £2.7b to the economy and create 50,000 jobs. He set down two objectives for UK tourism: to recapture a position within the top five tourism destinations in the world measured in terms of inbound revenue (we have slipped to seventh place in recent years); and secondly, to increase to 50 per cent (from 36 per cent currently) the proportion of UK residents’ domestic tourism spend. The Prime Minister also stated that government support for businesses would be focussed on ‘high growth industries’ and ‘working strategically to strengthen them’ (06 January, 2011). Establishment of regional growth fund for hospitality industry is also a major sign of expected growth in the sector. Hospitality could generate 236,000 net additional jobs across the UK by 2015 bringing the total number employed by the British Hospitality Industry to 2.76 million (British Hospitality Association 2011). The budget hotel sector has been one of the greatest success stories in the UK hospitality industry over the last 10-15 years, and continues to be so; â€Å"The budget hotel sector is still the fastest growing hotel sector in the UK† (Deloitte Touche, 2000, p. 3). It is estimated that UK budget hotel sector is going to be more than double in size in next 20 years and will account for more than a quarter of the overall hotel market by 2027 (Kerstin Kà ¼hn, 12 December 2007). The UK budget hotel market has also broken the  £1b barrier for the first time in 2006, new research has revealed.  Analyst firm Mintel found the market grew 38% between 2002 and 2006, three times as much as the overall UK hotel market (worth  £11.2b) which increased by only 12% over the same period. The current growth in supply and market volume has increased considerably as leading operators are engaged in a frantic scramble for market dominance. World over tourism and hospitality sector is generating more and more profits. The current economic recession could be a major cause of concern for hospitality sector. The economic recession has hurt the people from all walks of life and forcing them to be more careful in spending. People have to make choices before spending each penny. However due to government’s substantial reduction in interest rates helped to minimise further rises in unemployment during 2009 (Euromonitor, 2010). As a result of these measures it is considered that spending power of consumers going to increase steadily. This is a very encouraging factor for Premier Inn for expansion of their budget hotel chains. With this growing demand of the sector they are making tremendous expansion of their businesses. Currently Premier Inn is the UK’s largest and fastest-growing budget hotel chain, with over 590 budget hotels and more than 43,000 rooms across the UK and Ireland. They have big expansion plans and aim to add another 55,000 rooms by 2014. They are also expanding their outreach across the globe by establishing their hotels in Dubai and India. They have established three hotels in Dubai and one in India at Whitefields, Bangalore, with another due to open in Delhi in 2011. 2.2 Social The social circles and changing life styles living standards has brought many social and cultural changes around the world. As the living costs are increasing, people prefer low cost products/services accompanied with highest standard of value for money. These social changes are bringing different thought patterns. These social changes also influencing the hospitality sector around the world. Following are certain key thinking patterns which are influencing consumer’s behaviour in decision makings. Preferences to strong branded products High value for money Easy accessibility Responsiveness to customer demands Extensive geographic coverage of the hotel network Online and centralized reservation systems Variables room rates Security Quality standards Discount and promotion offer for repeat business Customer feedback Premier Inn is focused on customer satisfactions and keeping revitalizing there business strategy with changing social values and customer preferences. They offer to their customers a 100% money-back guarantee of a good quality room, comfortable surroundings and friendly service (Whitbread Co). They are committed to understand their customers better than anyone else. 2.3 Technological Technology is one of the variables that could directly influence the business operations. The operations of hospitability does not involves high level of technology and the focus of technology is budget hotel sector is directly linked with availability of electrical appliances and availability of IT services for comfort of customers. The use of latest development in IT helps in maintain smooth functioning for hotel chains across the region. It also helps them to develop centralized supply chain management systems. Technology is largely influencing the marketing and promotion of the products. The way of communication is changing to web based techniques. Premier Inn is also maintaining a good look and interactive website in this regard. The online reservation facilitation services are available. They also maintain a database of customers and keep sending messages regarding new product offering and promotional campaign. Use of mobile is also providing a big platform for advertisement and awareness campaign. 2.4 Environmental The care of environment and social responsibility are considered as the centre stage of customer’s preferences and expectations. Now-a-day customer are more vigilant and normally favours the organization who cares about environment and give due diligence to adopt business operations which help’s in reducing pollution and proper waste disposals. The strong emphasis on Corporate Social Responsibility (CRS) is one of the major core competencies of Premier Inn. They have developed a strong CRS Strategy for â€Å"Good Together† and Whitbread way forward. In 2008 they have reviewed their corporate responsibility strategy and created â€Å"Good Together† programme. There objective of this strategy to reduce relative operational carbon emission 26% by 2020, get 80% of waste from hotels restaurants diverted from landfill by February 2012 and reduce hotel and restaurant water consumption by 20% by 2020. Premier Inn’s approach to the environment is guided by their environment policy and energy policy, which contain a number of principles which they are required to comply. They CSR mainly includes following six priority areas: Environment People Sourcing Health Community Customers 2.5 Legal The minimum wage rate has been increased 15.5% by UK Government (Low Pay Commission Report National Minimum Wage, 2009) that would costs an increase in operating cost of budget hotels. This would increase cost of production which hampers the policy to offer competitive prices to customers. To avoid legal issues and maintain high standard they have developed a Responsible Sourcing Policy, which defines the minimum standards and principles of cooperation that Premier Inn expect from suppliers, contractors and business partners.   It also sets out commitment to work with suppliers, as necessary, to support the implementation of the Policy. 3. Porter’s Five Force Analysis The study of forces which influences the decision making of organizations are always remain an integral part of strategic management. In this regard Porter’s Five Force Model is considered as the most potent and useful tool and is widely used by organizations. This model deals with external factors that influence the nature of completion and internal factors how firms compete effectively to be more profitable. Porter’s Five Force Model of Premier Inn is as follows: Figure 1: Porter’s Five Force Model 3.1 Threat of New Entrants (Potential Entrants) As the sector is growing rapidly and also Government is encouraging and facilitating the sector on priority basis so the threat of potential new entrants is very high Huge capital investment is required for setting up a geographically spread budget hotel chain Very difficult to be more competitive in hotel chain and hospitality business High entry barriers due to maintain and supplying quality food to customers of hotels Substitute products entry is high Maintain customer satisfaction and comfort creates low room for substitute As budget hotel sector falls in service sector, so customers bargaining power is very high If customer comfort is highly prioritized with service quality remain standardised and have strong differentiations, than there is very low switching cost for customers otherwise buyers keep changing brands Customers are attracted by low price with high quality standards Eatable are compulsory part of hotels supplies and they are directly linked to customer health so they do not compromise on quality of products thus gives an opportunity to capitalize on quality to minimize bargaining power of customers. Bargaining power of supplier are not so high Strong linkages and support is required to maintain a good bargaining power with suppliers Highly competitive industry Price margin are low due to high competition Switching cost of customers is low due to competition Maintain quality and service is a major threat and cause of concern due to high competition 3.2 Threat of Substitute (Substitutes) 3.3 Bargaining Power of Customers (Buyers) 3.4 Bargaining Power of Suppliers (Suppliers) 3.5 Intensity of Competitive Rivalry (Competitors) 4. SWOT Analysis The Strength, Weaknesses, Opportunities and Threats (SWOT) analysis of Premier Inn is as follows: 4.1 Strengths Strong business base as Whitbread Business Group is doing business from last to centuries (i.e. from 1742) Largest and fastest growing brand in UK, with 590 budget hotels and more than 43,000 rooms Award winning hotel chain More than 75% of the UK population lives within five miles of a Premier Inn Brand recognition High level of customer satisfaction and understanding Huge network of supply and distribution Dedicated and highly motivated team of professionals Highly advanced customer reservation systems Automated and technically advanced supply chain mechanism Focused Customer Care and Corporate Social Responsibility High values of money Strong networking with all stakeholders International expansion of business Limited international expansion of business More focused on UK market Low marketing and promotional campaign Limited value addition in product and services Expansion of business in emerging international markets e.g. Middle East and South Asia Exploring Franchising Opportunities for expansion of business at local as well as international horizons Introducing customized business products for professionals Entering into food catering and event management Continued economic recession and global crises High level of competition Maintaining quality of services and comfort of customers Maintain good relationship with suppliers Increasing operating costs 4.2 Weaknesses 4.3   Opportunities 4.4 Threats 5. Critical Success Factors Premier Inn should also focus on Critical Success Factors (CSFs) Model especially designed and developed for budget hotel operation’s in UK on the basis of customer research and survey’s. One of the model is as follows: Figure 2: Critical Success Factors Budget Hotel Operational Model BY: Bob Brotherton 6. Conclusion and Alternate Strategy for Premier Inn Premier Inn is the UK’s biggest hotel brand with occupancy rates of over 80%. Its locations are paramount to its success as most are found along major roads and in regional towns and cities. Premier Inns’ brand promise is to give you ‘a good sleep, night after night after night – consistently do the extra-ordinary’ (Whitbread Co, 2011). The company has progressed through a well defined market growth strategy with centre of focus towards customers’ understanding. On the basis of above PESTLE, Porters Model and SWOT Analysis, Premierr Inn may consider to adopting following Market Growth Strategy for further expanding their businesses and becoming the brand leader in hospitality industry. The alternatives with respect to Anfos Growth Matrix for Premier Inn are suggested below: Table 1: Alternate Strategy Rating Scales Sr. No Strategy Task/Actions Rating as per Criteria Suitability Acceptability Feasibility Total 1 Market Development Expanding business to South Asia,   Middle East and EU Local Market (especially Suburb of EU Countries) 5 5 5 15 2 Market Development Exploring Franchising Agreements 4 3 5 12 3 Market Penetration Special Price Package for Off Seasonal Products 4 4 4 12 4 Product Development Introducing Specific Products to Target Parts of the Leisure and Business Markets 4 3 3 10 5 Product Development Introducing Event Management Related Products and Services 3 4 2 9 Rating Scale: 1 for Minimum and 5 Maximum (Total Maximum Score 3X5=15) 7. Recommendation and Suggestion As budget hotel industry is growing fast around the world and UK is considered as the market. The recession era is continued and customers purchasing powers are further decreasing. Theier spending pattrens are changibg and they are always looking for cheaper products with high quality. This phenomnenon provides an ample opportunity to Premier Inn for further expansion of their chain hotels and achieve their vision of becoming the leading budget hotel retail chain. In this regard they should adopt the Market Development Strategy with a focus to expanding their hotel chains in South Asia, Middle Esta and in EU Countries. following reasons: It fits in mission and vision of Premier Inn as it is quite suitable, acceptable and feasible to initiate. It would help to get benefit from the growing hospitality industry The cost associated with this strategy would also not be high as they should have to explore franching offerings as well as investor’s are always interested to invest in growing sectors UK Government is also facilitating and encouraging for hopitality industry expansion In budget hotel segment South Asia market is un-tapped so there are ample opportunities for Market Development as a new entrant. Mojority of South Asian countries are under devloped countries with majority of customer having low purchasing powres so budget hotel could fit in well in their income spending Business expansion Way forward for becoming leading budget hotel chain Geographical spread for existing customers to obtain same services even when they are traveling outside UK Enhancing Premier Inn brand’s loyalty Will works as a word of mouth for attracting new customers 7.1 Objectives and Expected Results of Market Development References premierinn.com whitbread.co.uk/about_us.cfm?id=about_us whitbread.co.uk/whitbread/ourbrands/customerfocus/html Oxford University Press oup.com/uk/orc/bin/9780199296378/01student/additional/page_12.htm caterersearch.com/Articles/2007/12/12/317813/uk-budget-hotel-sector-to-double-in-size-in-two-decades.htm caterersearch.com/Articles/2007/11/02/317098/UK-budget-hotel-market-breaks-1631b-barrier.htm caterersearch.com/Articles/2008/01/23/317165/budget-hotels-welcome-bha-restructure-plans.htm British Hospitality Organization: bha.org.uk Critical success factors in UK budget hotel operations BY: Bob Brotherton School of Food, Consumer, Tourism and Hospitality Management, Manchester Metropolitan University, Hollings Faculty, Manchester, UK scribd.com/doc/22765821/Bob-Cristical-Success-Factors-in-Budget-Hotel Johnson, Schools and Whittington (2008), Exploring Corporate Strategy: Text and Cases, 8th Edition Prentice Hall, ISBN:1405887338 Coultry M. (2008) Strategic Management in Action, 4th Edition Prentice Hall, ISBN:0132277476 Marketing Management 12th Edition By: Philip Kotler and Kevin Lane Keller RapidBI – Rapid Business Improvement, Business Organizational Tools, Trainings and Services http://rapidbi.com/created/the-PESTLE-analysis-tool/ http://en.wikipedia.org/wiki/Porter_five_forces_analysis investopedia.com/terms/i/industrylifecycleanalysis.asp National Minimum Wage (2009), ‘Low Pay Commission Report 2009’ National Minimum Wage. Available at lowpay.gov.uk/lowpay/report/pdf/7997-BERR-Low%20Pay%20Commission-WEB.pdf [accessed 07/07/2010] Office for National Statistics (2009), ‘Internet Access Households and Individuals’, Office for National Statistics, August 29, 2009. Available at statistics.gov.uk/pdfdir/iahi0809.pdf [accessed 07/07/2010] Porter, M. (1985), Competitive Advantage: Creating and Sustaining Superior Performance, (Location: The Free Press) cengage.co.uk/colekelly7/students/Video%20Cases/Chapter%2030%20-%20Video%20Case%20Study%2029.pdf

RBC Centura Bank Groups and Teams Research Proposal

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Marketing Research Report Essay Example | Topics and Well Written Essays - 2000 words

Marketing Research Report - Essay Example ustomer is influenced by large portions of meals, being served by competent employees, the quality of food served, atmosphere in the hotel, the prices of the foods and drinks and the level of satisfaction. According to Wooldridge, J. (2006), customers are in need of varying needs for their money. To him, a customer is motivated to visit a business venture for services and goods by the prices in offer. Prices determine the buying willingness of a customer. For any organization to be able make tangible sales, one of the factors to consider while designing a product or a service is the price. Many people are willing to pay at medium price other lower or higher prices. Although according to him further, higher priced products and services are thought to be of high quality although not always. To Richmond, H (2008), the level of customer satisfaction determines whether he/she will be willing to come again. A customer is always pulled to seek for services in a restaurant or any business venture if satisfied by the services/products offered. If not satisfied, coming again is a problem. To him, each and every business venture always struggles to satisfy their customers since it is from them that, profits accrue. To retain customers and to get new ones depends on the ways they are treated. This ranges from the services they are offered, their quality price among many other considerations. However, according to Mailu, S (2004), the level of employee competence says a lot in terms of the work ethics. Generally, a competent employee is likely to be aware of all the ethics involved in the job. To him, customer highly value goods and services offered by competent employees as they confidence in them. To him further, employees are the ladder through which an organization can prosper. Quality of the service offered on the other hand has a lot to say. Gary, R (2007) argues that, the quality of a produce is the key to successful entrepreneurship. An entrepreneur should always

Domestic Politics Essay Example for Free

Domestic Politics Essay Trade which means the exchange of goods and services for money is very important for the growth of any country’s economy. This business industry has continually changed over time. This can be clearly seen because a long time ago there was barter trade which is the exchange of goods with other goods or services. Initially there was no medium of exchange but later money was introduced. Traditionally, trade was also conducted within boundaries of countries that is local trade. However the arena has completely changed nowadays. This has been caused by the fact that the transportation of goods and services is easy. People, goods and services can be transported through air, rail, water or even road. This in turn means that space otherwise known as distance between the producer of goods and services and the consumer is not an issue. There is therefore a free flow of services, people and goods from one country to another. This means that there is international trade. However, international trade is affected by the domestic policies of the country as well and the politics of all other countries involved. This paper will study the effects of the politics of globalization in China. Yanrui argues that the economy of China has changed since the economic reforms which took place in 1978 (1). According to the National Bureau of Statistics of China, her economy comes third. United States is ranked first followed by Japan. China’s economy has been growing very rapidly. It has been having a constant Gross Domestic Product growth rate of more than 10per cent. Her per capita income has also been increasing with time. Her economy is continually improving because she concentrates in ensuring that there is equitable sharing of resources as well as aiming at lowering the poverty levels. Additionally, (Dadush 1) notes that China is doing considerably well in the international market as she is the leading exporter and the second largest importer of services and goods. On the same note (Yanrui 2), states that there are two major factors responsible for the economic advancements in China. The first factor is growth of investments which between 1979 and 2004 grew at a rate of 12 per cent. The high growth of investments was caused by many foreign organizations investing directly and also the high rate of savings. This means that the foreign organizations invested in China as citizen and thus this is corporate citizenship. The organizations in turn save some money in the country. He observe that there was a very high increase in the ratio of domestic savings and Gross Domestic Product. The figure had increased up to 74. 8 per cent in 2004 compared to 10. 1 per cent in 1979. (Yanrui 2) continues to emphasize the fact that china’s economy has improved due to her increased exports. The exports rates were 18 per cent between 1979 and 2004. Yanrui continues to state that another factor to be considered in measuring the growth rate of China is the domestic consumption. The number of people acquiring cars increased at a rate of 24. 1 per cent per year between 2001 and 2004. This shows that they have money and thus the economy is doing well. It clearly indicates that due to the improvement in the country’s economy a lot of people had the purchasing power due to low prices of commodities and the taxes levied on the goods and services had reduced and hence most people could buy them. The economy of a country is highly affected by her politics Keohane (2). He continues to argue that the domestic politics of a country in turn affects the world economy. It is therefore necessary to consider how domestic politics, globalization influence each other in China. In China in 1949, the government used to control the prices of commodities, control some important policies such as the banking and financial policies. This hindered economic development and as a result her economy was not growing at a fast pace. After 1978 the Chinese government controlled only a few industries such as the one dealing with air travel. The Chinese government ensures that the activities in each sector of the economy are controlled by institutions or organizations such as Ministry of Finance, Ministry of Agriculture among others. The operations of some other organizations are supervised by the State Council. The State council has offices in other locations nearer to the institutions it supervises. The state council implements the policies regarding the economy. This is done by controlling financial operations of the organizations, ensuring that some resources such as transport, labor and raw materials among others are equitably shared and they also control the tax issues. Taxes can lead to a poor economy because they make the prices to shoot upwards if they are high. This in turn lowers the demand for the goods. Zhiyue (1) states that it is of paramount importance for China to attain democracy. However it is a hard task to decide which democracy model should be implemented in China. He (145) notes that there are four democratization models that china could use. They are: social capital theory, modernization theory, negotiation-pact and the modernization theory. Each of these will be elaborated. The social mobilization theory states that democracy is not achieved by mere economic advancement (He 147). The modernization theory on the other hand (145) advocates for the fact that if a country is economically developed it is most likely to achieve high levels of democracy. The third theory which is negotiation-pact stipulates that the learned and the political leader are very important in order for a country to achieve democracy (He 153). He also notes that it is viewed as the most secure model for transition. He (154) continues to elaborate that for a country like China to attain democracy various factors which include the culture, her economic development, the politicians and the social classes have to be considered. In addition to considering these factors any other important issue should be put into consideration. A balance should be stricken between the various factors in order to achieve democracy without violence which could lead to unnecessary loss of property and lives. Therefore in attempt to answer the question it is worth noting that China’s economy is doing well. This means that there is increased trade, income and saving are high, the prices and inflation rates are low. This basically means that the economic arena is good. However, China has not yet attained democracy. Yanrui (2006) observes that globalization is the ability of the Chinese economy to interact profitably with the international business community. He additionally states that a country’s level of globalization can be gauged by looking at how the international business affects its economy. China has made use of the international trade and thus her exports rose to 593. 4 United States billion dollars in 2004 up from 9. 8 billion United States dollars. It is at this point that I would like to note that the domestic politics of a country affects her globalization. The political system of a country determines whether there will be free flow of goods, capital, services and people in and out of the country. As has already been stated above for a country to be considered internationalized it has to engage in international trade. Thanks to the Chinese government which discovered this earlier and implemented the 1978 reforms. This encouraged international trade which has made her economy to improve dramatically. However, this should not cause the countries to lose their political identity in the name of being internationalized. China has an edge over any other country that has not reached her level. (He 139) notes that the China is almost developing to the level of the developed world. He also observes that though China has developed in terms of trade she still lacks in the democracy (140). This is therefore a clear indicator that China has a democratic deficit which is caused by its communist system. It is therefore important for China to look for a suitable democratic model which she should implement in order to avert the democratic deficit. He adds that ninety per cent of the people in China feel that they should have democracy (145). China has become a very important destination for any organization in the world. The Economists intelligence Unit (10) notes that there is no serious multinational that can afford to ignore China in its business operations. It continues to elaborate that the emergence of a stable market which is easily accessible makes China a preferred market for many multinationals. To ensure that the multinationals adhere to the expected standards China has introduced laws and regulations to cater for the organizations. Global Corporate citizenship is whereby a multinational company registers in a particular country such as China in order for it to conduct business in the host country. This is done in China and it is important because those companies who conduct business in China are conversant with her laws and hence security is maintained despite there being foreigners in China. The foreigners feel part and parcel of the country. It is important that each and every country discover that though the economy could be doing very well they should also ensure that they attain democracy. They should consider the democratization theories and and come with a model that will favor them. Domestic politics should ensure that country develops economy wise. The factors of production as well as the resources should be distributed equitably for the benefit of all citizens and any other party willing to conduct business in the country. Works Cited. Dadush, Uri. Global outlook: Not your average Crisis. Massachusetts, International Economic Bulletin, 2010. Economist Intelligence Unit. Coming of Age: Multinational Companies in China. Hongkong, Russell Reynolds Associates Economist Intelligence Unit,2004. He, Kai, and Huiyun, Feng. â€Å"A path to democracy: In search of China’s Democratization Model Vol 32, No. 3, 2008. Keohane,Robert, and Helen Milner. Internationalization and domestic politics. United Kingdom,the press syndicate of the University of Cambridge,1996. MIT department of political science. Politics of globalization. Cambridge, Massachusetts Institute of Technology 2009. Yanrui, Wu. Economic growth transition and globalization in China: advances in Chinese Economic studies. U. K: Edward and elgar Publishing Ltd. , 2006. .Zhiyue,Bo. China’s model of democracy. Chicago, Political Science Association, 2009.

Nooligan and Street Boy Essay -- English Literature

Nooligan and Street Boy The poems "Nooligan" by Roger McGough and "Street Boy" by Gareth Owen are two poems which both deal with the issue of teenage hooliganism, and both poets use language to create a vivid sense of character. Although both deal with the same theme, there are many similarities and differences between the two. "Nooligan" is about a boy who thinks he is really powerful and harsh but is actually an uneducated boy trying to be a real hooligan. "Street Boy" is also about a hooligan except that he actually is more powerful and has a higher status than the inferior "Nooligan". One of the main similarities is that both the poets present the characters as using slang language or some sort of incorrect form of English. In "Nooligan" for example the boy says in the fourth line of the third verse: Football's me game (Well, watchin') McGough has used "me" instead of my. This portrays the "Nooligan" as unintelligent and uneducated because of the use of words and grammar, because the poem gives us an impression that "Nooligan" isn't the type of person who would work hard (he doesn't "give a toss"), I'm not surprised at the hooligan's English. The use of slang by the hooligan in "Street Boy" is the word "hark" instead of listen or hear and "stompin'" instead of walking. The effects that these two words put on us are that we start to think that the boy actually does have some power and attitude, and we believe that he actually is the bully that he's talking about. But at the same time, the use of these slang words makes the characters appear to be foolish and idiotic. Another similarity that the poet employs in the two poems is that in both of them, the first line of each verse is the sa... ...he is. The words "stompin'", "silence", "spaced", "stoned" all show that. In conclusion, the two poems are very interesting and engaging in terms of the use of words, tone, structure etc. The poets Roger McGough ("Nooligan") and Gareth Owen ("Street Boy") use specific techniques to give the poems a certain effect. There are differences and similarities between the two obviously. The main similarity is the poets' use of slang and an incorrect form of English and the main difference is the language and vocabulary between the two poems. Something worth mentioning is that the poets have made the poems relate to all teenagers in general since the name of the "Nooligan" and the "Street Boy" aren't given. So overall, there are a lot of similarities and differences between the two, but both are to the point and give you a general idea of what the poem is about.

Generally Accepted Accounting Principles Essay

In recent years healthcare systems have become more like business entities than health care providers. Technology is continually evolving so is healthcare and its financial approach. Generally Accepted Accounting Principles (GAAP), is a guide used by healthcare providers to account for their financial activities. GAAP is a guideline or a group of objectives and concepts that have evolved over 500 years from the basic concepts of Luca Pacioli set forth in the 1400s (Omar, 2010). It comprises a set of principles that have been developed by the accounting profession. According to Saunders (1993), â€Å"Financial Accounting Standards Board (FASB) established the rules and guidelines which require CPAs to indicate whether an audited set of financial statements is in compliance with GAAP† (p. 104). They are five principles and each one will be discussed in relation to healthcare. These are paramount to the effectiveness of business accounting. Accounting principles include the follo wing: accounting entity, money measurement, duality, cost evaluation, and stable monetary unit. Accounting Entity An accounting entity is the business or corporation that performs clear economic activities, separate from any personal economic endeavors (Cleverly, Cleverly, & Song 2011). In health care accounting entities can be surgical centers, hospitals, clinics, home health agencies, nursing homes, or other entities that are part of a larger health care network. An accounting entity requires financial records that define organizations financial activities that are clear and concise. Cleverly, Cleverly & Song (2011) states that if an entity is not properly defined, evaluation of its financial information may be useless at best and misleading at worst. The entity is expected to maintain its accounting records in accordance to GAAP. Money Measurement Measurement is the process of determining the monetary amounts at which the elements of the financial statements are to be recognized and carried in the balance sheet and income statement as a contribution to the accounting theory of extensive measurement (Scrimnger, & Musvoto,2011). Resources and liabilities have to be considered and calculated to determine accurate money measurement in an organization. These resources are referred to as assets, which include money, buildings and equipment. In health care these assets include, buildings, cash-flow, and equipment. Liabilities will be salaries to the employees and loans owed from banks and any other companies they are in business with. In most normal situations assets exceed liabilities in money measured value (Cleverly, Cleverly & Song 2011). An entity shall not recognize an element of financial statement unless a reliable value can be assigned to it. Duality. This is a fundamental convention of accounting that necessitates the recog nition of all aspects of an accounting transaction. According to Cleverly, Cleverly & Song (2011), â€Å"The value of assets must always equal the combined value of liabilities and residual interest, which we have called net assets†. He goes on to explain the basic accounting equation, the duality principle, may be stated as follows: Assets=Liabilities +Net assets. In any given situation the value of assets will always equal the value of claims. Cost valuation. When looking at an organization one needs to know about the assets and their value. When assets are recognized the basis for valuation needs to be determined. The two bases are historical and fair value (Saunders, 1993). The amount paid for the asset is the basis for valuation which is referred to historic and fair value is the amount an asset could be exchanged between knowledgeable willing parties. The firm’s accounting statements reflect the company’s financial status and this is presented in the balance sheet. GAAPs in the United States require the valu ation of fixed assets at historical cost, adjusted for any estimated gain and loss in value from improvements and the aging, respectively, of these assets. As mentioned previously hospitals now operate as business entities, and their accounting operation is the same as any other entity. Stable monetary unit. In any organization, the monetary unit principle assumes that the value of the unit currency in which you record transactions remains stable over time. This concept allows accountants to disregard the effect of in inflation, a  decrease in terms of real goods of what the dollar can purchase. Monetary unit assumption makes accounting process manageable however it can be problematic. If in any case the value of money changes rapidly due to market conditions or policy changes, a business’s financial statements may be less useful for comparison with prior records (Omar, 2010). Accounting focuses on the financial aspects of the business and that too for matters which can be expressed in terms of currencies. Nurse Managers must be able to communicate with financial managers of the organization as they help steer the overall direction of the organization (Saunders, 1993). The health care operation relies on revenues from patients billing and in turn help sustain the business on them and any other income. Health care systems are able to run business successfully by using GAAP guidelines. We have seen in this discussion that the five principles of accounting are essential in daily business operation. The understanding of accounting entity, money measurement, duality, cost valuation and stable monetary unit will help any health organization to manage their finances well. References Cleverly, W. O., Cleverly, J. O., & Song, P. H. (2011) Essentials of health care finance (7th ed.). Sudbury, MA: Jones and Bartlett. Omar, O. (2010). Why Generally Accepted Accounting Principles Should Inform U.C.C. Article 9 Decisions. Texas Journal Of Law Review, 89(1), 207-226. Saunders, G. (1993) Accounting principles (5th ed.). Hoboken, NJ: John Wiley & Sons. Scrimnger, C. C., & Musvoto, S.W. (2011). The Accounting Concept of Measurement And The Thin Line Between Representational Measurement Theory And The Classical Theory of Measurement. Journal of International Business and Economics Research, 10(5), 59-68.