Improvement needed for my community Essay Example

Improvement needed for my community Essay Every another society is made up of great communities. The welfare of these communities is what contributes to a well-performing society in general. Therefore, it is very critical to consider the developments of these communities. In this case, a study is done to establish the factors that improve the welfare of a society that we live. Especially in a community, there should be the improvement in the healthcare of the community Pigg, Kenneth (2013). In a city, the government should set up high-quality health care centers equipped with all necessary tools that will ensure that the local people can access quality health care to sustain and improve the health standards in the community. The government should work tirelessly to bring in qualified doctors from the community to create employment opportunities to the locals, which will improve the per capita income of the locals in the community. With these healthcare facilities around the issue of early childhood, mortality as well as over all mortality in the population will be reduced significantly. Additionally, the government should set up education centers in the community. Education is known to be the key to success in many fields. Educating the local folks, the city will have invested in the future of the current generation because with education the locals can now fit in the competitive world and challenge for the top positions. As a result, the community will have an increased rate of employment, which increases the wealth of the community. In setting up learning institutions in the community, the young generation will be effectively involved in learning hence, reducing the chances of the young generation getting lost in the vices of prostitution, crime and even more so drug abuse, which is known to maim the development of people in a community. We will write a custom essay sample on Improvement needed for my community specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Improvement needed for my community specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Improvement needed for my community specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Every city requires high-security measures to protect the locals from exploitation from themselves and even intruders who would want to take advantage of an insecure community and loot their property. As a result, the government should set up police stations across the community to make it easier for the locals to access help whenever they require assistance Pigg, Kenneth (2013). The police stations should be well equipped to tackle all kind of complaints is it fire, robbery or any other type difficulty. The police stations should also have hotlines that the locals can call and get instant help at any time of the day and night. The security should be organized in a manner that it involves the locals in their operations because it is the locals who are more conversant with the problems facing the community. Involving the locals also increases efficiency in operations since the people will be more participative in the initiative hence reducing the chances of crime in the community. For the community to be successful, it needs to exploit all the available resources to their advantage. Mostly, the city might lack the capabilities of fully use the resources, and therefore the community should welcome foreign investors to come and invest Pigg, Kenneth (2013). By investing here, the community will be the first beneficiaries of the investments because they will be availed a wide range of products to choose from which increases the quality of life in the community. The foreign investors will lay the infrastructure for more business, which will benefit the locals for they will now have an easier channel to get their products to the market. If the community improves these sectors, then it will grow extra dimensions in their economic income as a whole. Bibliography Pigg, Kenneth. Community Leadership Development: The Effects on Community Development. Community Development 44.4 (2013): 408-10. Web.

Daddy, Vampires, Black Hearts Essays - Daddy, Sylvia Plath, Plath

Daddy, Vampires, Black Hearts Essays - Daddy, Sylvia Plath, Plath Daddy, Vampires, Black Hearts In the poem Daddy, Sylvia Plath says that there are women who, due to early conditioning, find themselves without the tools to deal with oppressive and controlling men. They are left feeling helpless and hopeless. For some women, the struggle is never resolved, others take most of a lifetime. For a lucky few, they are granted a reprieve. The speaker in this poem is Sylvia Plath. The poem describes her feelings of oppression and her battle to come to grips with the issues of this power imbalance. The poem also conjures the struggle many women face in a male dominated society. The conflict of this poem is male authority and control versus the right of a female to be herself, to make choices, and be free of male domination. Plaths conflicts begin in her relationship with her father and continues with her husband. The intensity of this conflict is extremely apparent as she uses examples that cannot be ignored. The atrocities of NAZI Germany are used as symbols of the horror of male domination. The constant and crippling manipulation of the male, as he introduces oppression and hopelessness into the lives of his women, is equated with the twentieth centurys worst period. Words such as Luftwaffe, panzerman, and Meinkampf look are used to descibe her father and husband as well as all male domination. The frequent use of the word black throughout the poem conveys a feeling of gloom and suffocation. Like many women in society, we know that Plath felt oppressed and stifled throughout her life by her use of the simile I have lived like a shoe for thirty years poor and white, barely able to breath or Achoo. The use of similes and metaphors such as Chuffing me off like a Jew. A Jew to Dachau, Auschwitz, Belson. and I think I may well be a Jew clearly shows the feelings of anguished hopelessness and the ripping agony she must have felt. The agelessness of this poem is guaranteed as there will always be women who feel the same torture that is described. . Strong images are conveyed throughout the poem. The words marble- heavy, a.bag full of God conveys the omniscience of her fathers authority and the heaviness it weighed on her throughout her life. The vampire who said he was you, and drank my blood for a year, seven years if you want to know describe her husband and the ability of male power to strip a person of their own sense of themselves. The poem is written in stanzas of five short lines. These lines remind me of a Mike Tyson jab, short but extremely powerful. An example of this If Ive killed one man Ive killed two The vampire who said he was you. The powerful imagery of these lines overpowers any of the rhyme scheme. The tone of this poem is an adult engulfed in outrage. This outrage,at times, slips into the sobs of a child. This is evident by Plaths continued use of the word daddy and the childlike repitition You do not do, you do not do and Daddy, daddy, you bastard. Fear from her childhood moves her in directions that will take her far from herself. In one line in the poem she brings us starkly into the world of a childs fear. She uses words that sound like the words of a child staring out at us from behind a bardwire snare I have always been scared of you. This poem portrays a bleak picture of life for some women. However, we know that Plath was able to resolve her conflicts. She states Daddy Ive had to kill you and Daddy, you can lie back now. Theres a stake in your big fat black heart Athough it appears that Plath has reached resolution this is not the case for many women who find themselves under the thumb of a male. These women should look to this poem for help. It is a beautiful argument that clearly shows that she climbed from total domination by a male to freedom

Recycling Essay Example | Topics and Well Written Essays - 500 words

Recycling - Essay Example From this study it is clear that recycling will help us to reduce the consumption of fresh raw materials. For example, plastic materials are major villains in destroying our universe. The increased use of plastic materials in our daily life resulted in plastic wastes accumulating in large quantities everywhere. One of the peculiar properties of plastic materials is the fact that these materials will never undergo biodegradation. If we are able recycle plastic materials properly, it is possible for us to use the finished plastic products again and again and thereby we can reduce the consumption of fresh raw materials. In short, recycling help us to ensure the supply of the same material again and again.This paper highlights that in the waste management systems, recycling comes as the third R out of the three R’s; Reduce, Reuse and Recycle. Wastes are accumulating from all corners. Waste accumulation is going to be the most serious problem; we are going to face in future. Waste management is taken as a serious topic by the modern organizations because of the above awareness. Recycling has an important role to play in the waste management process. Global warming and climate changes are some of the major problems which are haunting the human kind at present. Many people are of the view that these problems were the creations of human itself. We exploited the natural resources injudiciously in the past and never thought that we are creating problems for us in future.  

Strategic management of small firms Research Proposal

Strategic management of small firms - Research Proposal Example Such firms include entrepreneurial ventures and also business trading entities. The paper is an exploratory study and draws upon existing literature and case studies of small firms to develop the proposed model. Future research scope and applicability has also been discussed. Small firms have been long neglected over the strategic management roles and issues. The problems of identification of factors that influence small firms’ strategic decisions have been restricted to leadership roles and planning techniques. The paper is aimed at resolving this very issue by identification of a framework for strategic management within small firms. Small scale industries have been the key to economic development for most of the countries during their development stage. Studies prove that they contribute towards a major portion of a country’s GDP and growth. This has also led to a huge rise in research in the economic activity of small scale enterprises. However, most research in the field did not prove to be quite resourceful, primarily, owing to the failure of identification of problems associated with the study of small scale companies. The main objective of this paper is to evaluate and develop a framework of strategic management within small enterprises by evaluation of strategies adopted by small companies. The research shall also seek answers to the source of competitive advantage of small enterprises that emerge as successful businesses and thereby analyse the strategic management factors that influence success in small firms. The research rationale in the context of this study is whether there exists any significant difference between the strategic management employed within small firms and that within large firms. If this holds true then, the research seeks to explore the factors that are responsible for strategic management within small firms. The research

Wengart Aircraft Coursework Example | Topics and Well Written Essays - 500 words

Wengart Aircraft - Coursework Example Need to implement TQM to comply with Presidential Executive Order (PEO) 12552: Not only does profitability demand better quality one of its major customers is demanding it and doing so with the authority of a PEO. Quickly and effectively Wengart must implement TQM in a verifiable manner and with a significant impact on production quality Education and Training Deficiencies: The case only refers to these tangentially. However, implementing a new system such as TQM will require education and training of employees in this new system. According to the case the company is failing miserably at this already. Poor communication: Managers and line supervisors left a meeting on TQM â€Å"with various interpretations of TQM† and line workers had even more interpretations of its meaning. Mary Romero, a supervisor studying TQM â€Å"is confused at the brevity of TQM information she and other supervisors got...† The company is not adequately communicating the definition, process or importance of TQM. Confused responsibilities: The President, Ralph Larsen, does not want to be directly involved in TQM so he can focus on profits: TQM is the key to increased profitability. The Human Resources department is not involved in leadership in the program despite the fact that it will require redefinition of jobs and responsibilities, and may result in lay-offs. Alternative #3 is recommended. Implementation of TQM is the most important challenge facing he company. Without it it may loss its DoD contracts. Also, TQM is key for improving the companys profit profile. Therefore, the company needs to create a TQM department, headed up by a V-P TQM who is an experienced expert in the field. Working with the VP Production and VP HR to develop a comprehensive implementation program, an effective communications strategy, and metrics to measure the success of the

Functions of Management | Reflective Essay

Functions of Management | Reflective Essay About Management Processes From the Business Strategy Game, I learned that first important process for a company to determine its future business path was to set a strategic and realistic planning about what is the company goal, how long the goal will be achieved and how to achieve the goal among the competition. In setting the plan, company should define first what is their mission statement or strategic vision. This mission statement is a statement which indicates the purposes and activities of the companys business/goals in brief, clear and focus words. Along with mission statement, company must clearly define its objectives quantitatively within certain period. From these quantitative objectives, company could set a realistic and attainable long term strategic planning to allocate budget and resources in the company. In strategic planning, company should define clearly its target market, financial objective and competitive position among the industry. This strategic planning will be the direction of the co mpany in running its business. After setting the strategic planning, company should design an organization structure to manage the company effectively, by designating persons who will in charge in each roles and held responsibility in each area of the business in the company (marketing, finance, operation, sales and so on), especially the person who will be responsible as the leader of the company (as CEO). The role of CEO is very essential because he/she must lead company to the right direction in implementing company strategy to achieve companys objectives. From the clear and effective organization structure, CEO and management will have clear legitimation and authority in directing all resources in the company to implement the companys strategy. Finally, the company should closely and intensively controlling and monitoring the performance of the strategy during implementation to assess its progress against the pre-defined targets and ensure that all the company elements were doing their parts and responsibility in the right track. About Management Functions In a company, management should establish the right and important functions which will run the company operational activities, define what are the responsibilities of each functions and ensure that each functions performed in accordance with the company objectives. In order to give more value to the company in terms of profitability, management should work together to set a strategy in making companys output (product or services) more competitive in the market by considering all aspects involved. As an example, to gain more profitability company could set pricing strategy to be higher or lower compare to market but before decided the price, company should consider other aspects such as costs, quality and resources needed in creation of the product or services. About Working in Teams In working as a team member in the company, it is very important to determine a clear designation about who will act as the leader and the follower. Because if theres no clear designation, potentially will cause the resources in the company to move to the wrong direction and this will destruct company effort in achieving its objectives. As a leader, a person should show the ability to manage and to coach the entire team member to do their tasks properly, and he/she should has willingness to listen and appreciation to his/her followers insights at the same time. And as a follower, one should give respect to the leader and obey the leader decisions. But it is important too for the company to define what is the follower assignment and designation, because if it is not clearly defined, the follower couldnt perform nor contributed optimally in attaining companys objective process. What I plan to do in my work place from the experience and lessons I took from the BSG are : As the leader of my unit I will put more effort to be an effective and efficient leader of my unit and will put more awareness to all my team member that our jobs especially in designing the most efficient operational work flow in my company has essential impact in saving the company budget and optimizing company resources which will contributed in achieving the companys objective especially in financial aspect and giving more value to the customer and shareholder. And furthermore I will spend more time and effort to evaluate designation and job description for each member of my team, to put the right person to the right job and responsibility. If the designation and job description were not fit or not clear to the team member, it will impact to the performance of the working unit itself because each team member do not know exactly what is their role in their working unit. As a member of my management team I will put more consideration and attention about financial impact of any decision that my management made. From the BSG, I see that all activities in each working unit must be contributed and affected to the company strategic planning especially in achieving financial goals. And I will put more respect to any member and any decision of my management team made, even though sometimes the decision seems to be hard to be implement, I will try to see it from wider perspective that the decision must be made deliberately and considered many important aspects which ending is to give more value for the company.

Healthcare Finance Essay

Like with any household, businesses have some expenses that are the same each month, and others that fluctuate based on utilization. The mortgage, car note, and insurance premiums for the most part are the same throughout the year, but the utility bills, credit card bills, and cell phone bills may increase or decrease monthly based on usage. In health care organizations, several types of cost can be classified according to the amount of services provided. This can be referred to as activity, utilization, or volume (Gapenski, 2012). Reference for Business (2012) says, â€Å"Fixed and variable expenses are the two main components of a company’s total overhead expense† (p.1). This paper will address how costs in healthcare organizations are classified according to their volume, and the importance of cost allocation. â€Å"†¦for healthcare providers, a cost involves a resource use associated with providing or supporting a specific service† (Gapenski, 2012, p. 14 8). With fixed and variable cost classification the range of volume should be specified (Gapenski, 2012). In health care organizations, the actual future volume is uncertain for the number of patient days, number of visits, number of enrollees, or the number of diagnostic tests (Gapenski, 2012). However, a general idea of the volume range over a particular period of time is usually known (Gapenski, 2012). Fixed costs are known and are not related to volume within a relevant range (Gapenski, 2012). Unless the volume deviates excessively in a positive or negative direction, fixed cost is not affected. Basu (2012) says, â€Å"Fixed costs remain constant within a specific range of activity. However, if volume increase or decrease past certain levels, fixed cost may change† (p.1). For example, if a physician’s office staff can handle up to 10,000 patient visits, as long volume stays within the relevant  range of 8,000 to 10,000 defined by the office, the fixed costs remains un changed (Gapenski, 2012). Although most fixed costs such as equipment, weekly payroll, and rent are fixed for a period of time, an increase or decrease in volume in the future could mandate changes/adjustments to the fixed costs (Gapenski, 2012). Fixed costs dose not fluctuate with volume changes within a relevant range, but variable costs does. â€Å"Costs that are directly related to volume are called variable costs† (Gapenski, 2012, p. 150). Reference For Business (20120 says, â€Å"Variable costs are those that respond directly and proportionately to changes in activity level or volume†¦Ã¢â‚¬  (p. 1). Using the physician’s office above as an example, some of their variable cost could be gloves, tongue depressors, disposable exam gowns, and needles. As patient volume fluctuates, the cost associated with these supplies will also fluctuate in relation to the volume changes. Because some costs are organizational and some are specific to a subunit, it is necessary to create a system that a llocates costs (Gapenski, 2012). â€Å"A critical part of cost management at the subunit level is the assignment, or allocation, of direct costs. Costs allocation is essentially a pricing process within the organization whereby managers allocate the costs of one department to other departments† (Gapenski, 2012, p. 188). Overhead cost such as, facilities management personnel, financial staffs, and housekeeping and maintenance personnel, must be allocated to the money generating departments of an organization (Gapenski, 2012). Cost allocation assigns the costs of an organization to the entities that incurred the costs. Cost allocation data allows the organization to make better decisions in, tracking, assigning, and controlling costs, as well as the offering and pricing of services. (Gapenski, 2012). Cost allocations can also assist with reducing cost, because departments are held accountable for the full cost associated with running their department. As a result, mangers will use costs saving methods to keep c osts down, since evaluations, compensation, and promotions are sometimes dependent on economic results (Gapenski, 2012). Costs can be fixed or it can be variable. â€Å"Peavler (2012) say, â€Å"Fixed costs are the costs associated with the product that have to be paid, regardless of the volume of the product you sell. Variable costs are directly related to sales† (p.1.). â€Å"†¦some cost are more or less predictable because they are independent of volume, while other costs are much less  predictable because they are related to volume† (Gapenski, 2012, p. 150). Whether fixed or variable, costs are usually allocated within an organization. Averkamp (2012) says, â€Å"The goal is to assign the costs based on the root cause of the common cost instead of merely spreading the costs† (p. 1). Knowledge and utilization of these concepts, helps with current and future planning for an organizations financial success. References Averkamp, H. (2012). What is cost allocation?. P. 1. Retrieved from http://blog.accountingcoach.com/what-is-cost-allocation/ Basu, C. (2012). Effects a Sales Volume Increase or Decrease Will Have on Unit Fixed Cost. P. 1. Retrieved form http://smallbusiness.chron.com/effects-sales-volume-increase-decrease-uni†¦ Gapenski, L. C. (2012). Healthcare Finance: An Introduction to Accounting and Financial Management (5th ed.). Chicago, Illinois : AUPHA Press / Health Administration Press. Peavler, R. (2012). Fixed and Variable Cost. P. 1. Retrieved from http://bizfinance.about.com/od/pricingyour product/qt/Fixed_Variable_Cost†¦Ã‚ ­ Reference for Business. (2012). Fixed and Variable Expenses. P. 1-4. Retrieved from http://www.referenceforbusiness.com/small/Eq-Inc/Fixed-and-Variable-Ex†¦

The Right Fabric Sourcing Practice for Apparel Manufacturing By: Arun Chattopadhyay

(Views expressed in this article are the personal opinion of the author) Purchasing the right fabric can be sometimes a tough challenge faced by apparel manufacturers. Out of the total cost of manufacturing a garment piece, the cost of fabric can contribute between 50 and 65 per cent. Furthermore, even a minor oversight in selecting the right fabric and right manufacturer may spoil the entire apparel programme. Interestingly, though the fabric constitutes the main part of a garment, many of the apparel merchandisers have a very limited knowledge about fabric. They consider fabric as another component of raw material like buttons, care labels, and hang tags or packing materials. Unfortunately, describing a fabric in terms of specification to fulfill its end use is much more complicated than communicating the requirement of any other component of a garment and many apparel merchandisers do not have the necessary knowledge or training to order the right fabric from the right manufacturer at the right price. To be on the safer side, they simply ask various suppliers to bid for their lowest price and finally select the one who offers the lowest price or the most favourable term. Consequently we often see the adverse effects of poor fabric sourcing strategy every day in the apparel industry. Garment air shipment cost is prohibitive and applied as penalty only when the apparel manufacturer fails to deliver the consignments beyond acceptable delays. The cost of air-freight is so high that air shipment of a single consignment of garments may wipe off the profit of a few months for the garment manufacturer. A study revealed that more than 80% of all garment air shipment is caused due to poor fabric sourcing management. Fortunately, such critical errors can be avoided when sourcing woven fabric for manufacturing garments and the procedure is easier than we think about it. When discussing with the garment buyer, do not just talk about the target price he or she is giving you. Ask about the fabric in more detail. This is not only about the counts, construction and weight of the fabric but about some important and critical points. Here are certain things to keep in mind to ensure a trouble free fabric sourcing. Know the end use – that clarifies the required quality standards like colour fastness, pilling / abrasion resistance, tear and tensile strength, stability towards special types of www. fibre2fashion. com garment wash if any etc. Do not feel hesitant to ask those questions because at the end of the day if something does not match the buyer’s requirement, everyone will suffer losses. Special requirements like shade / strike off approval conditions, finishing standard, feel of the fabric, etc. , to be discussed, noted and shared with the buyer and the fabric manufacturer. The garment delivery lead time should be calculated after taking the fabric delivery lead time into consideration. Many garment buyers demand very short, sometimes unrealistic delivery lead time. You should consider the lead time required for each necessary activities like LC opening, sample approval, lab dip approval, one or two re-submits that may be required, inspection and shipment time for the fabric, clearance and transportation to the warehouse and all related activities. Inspection of the fabric and grouping those according to shades are to be done with extra care. For example, if one particular colour is having a large quantity, it is natural to have 2-3 batch wise variation. Mixing shade batches on the cutting table can result in disaster. To make the process easier, the fabric supplier should be instructed to supply the shade grouping charts with roll number mentioned against each shade swatch. The garment buyers also should be informed clearly that for large volume orders that require fabric processing in more than one batch, there would be small batch to batch variation in properties. Fabric with special surface finish like peach finish, microsanding, etc. needs special care. Firstly, the supplier must be instructed to roll such fabric with face inside and put arrow marks on each piece showing the direction of such finish with clear arrow marks at both ends. This is to avoid massive shade variation due to stitching pieces finished in different directions, together. Transportation and storage – Avoid buying fabric that may change properties during the reasonable time required for transportation storage. For example, do not buy a postcure resin finished fabric from a faraway place because during transport and storage, the www. fibre2fashion. com resin may start cross-linking in the fabric, thus spoiling the required DP rating after garment finishing process. Last but not the least; orders should be placed with fabric manufacturers of reputation. Giving 10 cents more to a responsible and reputed manufacturer may prove to save lot of costs and penalties going forward. Failing to supply garments on time also badly affects the reputation which is priceless. The products of reputed companies also give better realization, lesser wastage and higher efficiency at garment making process. At the end of the day, we should keep in mind that real prosperity does not mean only buying cheap and selling high to earn short term profit. The apparel manufacturing company that focuses on delivering quality, punctuality, communication and value to each customer will never have any shortage of business and riches in the long run. About the Author: The Author is specialized in management of Apparel Fabric business. During his more than 30 years of managerial experience of working with a number of Indian textile fabric and apparel manufacturing companies, he has observed that more than 80% problems in the Indian Textile and apparel Industry is related to managing people and lack of adequate HR Development initiatives. Besides having his consulting profession in textile fabric marketing, he also offers Executive Coaching and Consulting in the textile and apparel industries.

buy custom Visual Resume Technical Report Example

buy custom Visual Resume Technical Report Example Visual Resume in the Today’s Fast-Passing Digital World Abstract A study was conducted to investigate the advantages and disadvantages of visual resume in todays digital world, as many companies prefer recruiting employees through the visual resume. Sampling technique was used in conducting the study where a sample of 100 individuals from the recruitment department from different companies was chosen and used in collecting data. The results revealed that currently, many companies use visual resumes in recruiting new employees. The study findings also indicate that companies recruit new employees after every short period of time mostly less than a year, which is a challenge to many companies, especially those using visual resumes. It is then concluded that visual resume has both advantages and disadvantages. Since many job recruiters like using it despite the many challenges, this reveals that visual resume is beneficial to them. A strategy of combining both visual resume and traditional resume is therefore recommended to be the best way in trying to eliminate the challenges that are met.

The Osprey

The Osprey Most of you know that I live on the banks of a huge lake. With about four hundred feet of frontage on a cove, I am lucky to experience all sorts of wildlife. In the morning, birds sing, dance, dip and dive, happy at being awake. Ducks, coots, and geese paddle in the water then wander up to my bird feeder, scavenging for kicked-out seed. In the evening, deer peer out of the woods, nibbling corn my husband tosses out. He laughs about putting their carcasses in our freezer for dinner, but I know he enjoys watching them come and go, feeling safe. Today, however, I watched an osprey land on a branch thirty feet off the ground, right outside my study window. Ospreys love Lake Murray for its ample bass population,and the residents love watching these gorgeous birds of prey fly, dive and strategically snare a fish from the water. This one sat for a long time, allowing me to pull out my binoculars. White head and chest. Yellow eyes, curved beak, he watched the water like the hawk he was. The breeze ruffled across his back and rear feathers, and he adjusted his balance a couple of times. But he never took his eye off the water. Ducks swam off to the side. Turtles plopped off logs off to the side as if understanding this bird meant business. Finally he dove, smacking the water with talons, then flew away, his dinner unable to even flop it was so evenly gripped. Ive seen these birds come up empty. Ive seen them attempt three and four times before successfully snaring their food. They never get frustrated. They dont let other animals bother them. The wind can blow one way then another. Regardless, they focus on their mission, and dont leave until theyve won. Osprey are beautiful creatures, living life their way. They dont care who sees them miss. They dont stop until they succeed. And in between their fishing duties, they soar, watching, learning, and enjoying the journey. Try being an osprey.

Economics Essay Example | Topics and Well Written Essays - 1000 words - 1

Economics - Essay Example In micro-economic theory, the supply and demand model attempts to describe, explain and predict the price and quantity of goods sold in competitive markets. This model assumes that markets are perfectly competitive i.e. there are many buyers or sellers, none of whom have the capacity to influence the price of goods or services on offer. A simple supply and demand model is as shown below. The slope of the demand curve indicates that a greater quantity will be demanded when the price is lower. Similarly, the supply curve shows that as prices rise, firms will produce more goods or offer more or better services. The point where these curves meet is the equilibrium point. A market is said to be in perfect competition when no producer or consumer has the market power to influence prices. In such a market, prices of goods would instantly shift to the point of equilibrium as illustrated in the supply and demand graph. In competitive market economies, actual prices tend to the equilibrium prices at which demand equals supply. At the point of equilibrium there is no incentive to change either the price or the quantity. (Stiplitz J & Drifill J, 1993, p 73). Since the price is fixed as the result of interaction of supply and demand, nothing producers can do will aff... that there is no product differentiation. Perfect and Complete Information - all firms and consumers know the prices set by all others. Equal Access - all firms have access to production technologies, and resources are perfectly mobile. Free Entry - any firm may enter or exit the market as it wishes. Since the price is fixed as the result of interaction of supply and demand, nothing producers can do will affect the price and for every unit that sells results in a marginal revenue. They are in a perfect competition, price = marginal revenue = average returns (Whitehead, p 105). Demand has a very direct and immediate effect of prices since the supply factor will always have some lead time, i.e. till adequate stocks are built up or surplus stocks disposed off. This temporary shortage or excess has a bearing on prices. A temporary shortage has the effect of boosting prices, and under the influence of these profits there is an increase in production until supplies one again catch up with demand and until a new equilibrium point is reached, as shown in the figure below. Conversely a drop in demand lowers prices and eventually leads to decreased supply. Thus competition results in a higher output at a lower rice. Monopoly A monopoly is defined as a persistent market situation where there is only one producer of a particular product or service. They are characterized by a lack of economic competition for the goods or services provided including the lack of viable substitutes. As per the Wikipedia Encyclopedia, the primary characteristics of a monopoly are as follows: Single seller - single firm is the sole producer of a product or service. No close substitutes - the product or service is unique. Price maker - a single firm

The Role of the Financial manager SLP Assignment

The Role of the Financial manager SLP - Assignment Example Coupled with the recent developments in the financial performance successes, Apple Inc.’s status as a towering figure among publicly traded companies continues to cement its business. Based on the strong brand presence and financial successes reported continuously at the company, success projections in the near future appear promising due to the sustainability of its business model. The utilization of high-end technologies at Apple Inc. continues to provide a promising future for the company’s growing market. The size of Apple Inc. in the American and global smart technologies segment correspond with the recorded revenue growth hitting $42.1 in the fourth quarter of the just ended trading period (Apple Inc., 2014). Further projections on the company’s future relate to the company’s ratings on management effectiveness standing at 14.96 per cent and 33.61 per cent for return on assets and equity respectively. The sustainability of the software and hardware model at Apple’s products portfolio enables the company to challenge for top honors in the technology market. Apple Inc.’s towering financial power elevates it to the top of the list of American multinationals supporting tens of billions of dollars as stable investment value. Recent income figures in excess of $325 billion supported by quarterly gross margin growth of 38 per cent give an indication of the size of the company (Apple Inc., 2014). In these financial figures, $70.54 billion of gross profit implies that the company posted positive operations in the market that it continues to dominate. According to Yahoo Finance (2014), Apple Inc. trades as AAPL at Nasdaq stock market, with the recent stock market performance standing at a stable price of $109.70 (week opening Nov 10). The price of Apple Inc.’s share a year ago stood at $74.28, which gives an indication of growth by a growth of