Kingfisher Case Study

EISSN 2277-4955 THE KING WITHOUT FISHES†¦!!! [CASE ON CRISIS OF KINGFISHER AIRLINES] Prof. Bhavik M. Panchasara Marwadi Education Foundation’s Group of Institutions, RajKot, [email  protected] com ABSTRACT Indian Aviation Industry is one of the fastest growing markets in the world. But nowadays it is in the news due to different reason. And that is the failure of one of the leading aviation player – Kingfisher Airlines. The airline has been facing financial issues for many years. Till December 2011; Kingfisher Airlines had the second largest share in India's domestic air travel market.However due to the severe financial crisis faced by the airline, it has the fifth largest market share currently. Even the company have no funds to pay the salaries to the employees and is facing several other issues like fuel dues; aircraft lease rental dues, service tax dues and bank arrears. This case outlines the financial turmoil of the Kingfisher in detail. Keywords: Aviation industry, Kingfisher Airlines, financial turmoil, financial issues, crisis and debt restructuring INTRODUCTION: Kingfisher Airlines is an airline group based in India.Its head office is The Qube in Andheri (East), Mumbai; and Registered Office in UB City, Bangalore. Kingfisher Airlines was established in 2003. It is owned by the Bengaluru based United Breweries Group. Kingfisher Airlines, through its parent company United Breweries Group, has a 50% stake in low-cost carrier Kingfisher Red. The airline started commercial operations in 9 May 2005 with a fleet of four new Airbus A320-200s operating a flight from Mumbai to Delhi. It started its international operations on 3 September 2008 by connecting Bengaluru with London.The airline has been facing financial issues for many years. Till December 2011; Kingfisher Airlines had the second largest share in India's domestic air travel market. However due to the severe financial crisis faced by the airline, it has the fifth largest market s hare currently, only above Go Air. Kingfisher Airlines is one of the only seven airlines awarded 5star rating by Skytrax along with Cathay Pacific, Qatar Airways, Asiana Airlines, Malaysia Airlines, Singapore Airlines, and Hainan Airlines. Kingfisher operates 250 daily flights with regional and long-haul international services.In May 2009, Kingfisher Airlines carried more than 1 million passengers, giving it the highest market share among airlines in India. Kingfisher also owns the Skytrax award for India's best airline of the year 2011. BAUDDHIK VOLUME 3, NO. -1, JAN-APRIL-2012 84 EISSN 2277-4955 STARTING OF THE CRISES: Ever since the airline commenced operations in 2005, the company is reporting the losses. But the situation became more horrible after acquiring the Air Deccan in 2007. After acquiring the Air Deccan, the company suffered a loss of over Rs. 1,000 crore for three executive years. By early 2012, the airline accumulated the losses of over Rs. ,000 crore with half of it s fleet grounded and several members of its staff going on strike. Following table 1 highlights losses of the company since inception: Table 1: Net Reported Losses and debts since inception (Rs. In Crores) Year Loss Secured Loans Unsecured Loans Mar-11 -1027. 4 5,184. 53 1,872. 55 Mar-10 -1646. 22 4,842. 43 3,080. 17 Mar-09 -1608. 83 2,622. 52 3,043. 04 Mar-08 -188. 14 592. 38 342. 00 Jun-07 -419. 58 716. 71 200. 00 Jun-06 -340. 55 448. 16 3. 50 Mar-05 -16. 79 159. 42 125. 06 DEBT RESTRUCTURING: In the situation of loss and tough financial condition, the company went for more loans.Table 1 shows the portion of secured and unsecured loans taken by the company. Due to heavy burden of debt and interest, in November 2010, the company adopted the way of debt restructuring and under that total 18 leading lenders, those have landed total Rs. 8,000 crores, agreed to cut interest rates and convert part of loans to equity. As per the contract, lenders have converted Rs. 650 crores debt into p reference shares which will be converted into equity when the company lists the on the Luxembourg Stock Exchange by selling global depositary receipts (GDR).Shares will be converted into ordinary equity at the price at which the GDRs are sold to investors. Besides the 1,400 crore debt which will be 800 crore converted into preference shares, another CRISIS TILL CONTINUE: Debt restructuring also couldn’t change the game. By restructuring, company had reduced the interest charges by Rs. 500 crores every year, but due to the high leverage condition and increase in cost, the company started to face the liquidity problem. The company had no funds in hand and it created the following payment problems.DELAYED SALARY: Kingfisher Airline has staff strength of 6,000 and spends 58 crore on salaries a month. According 173. 66 to the first quarter financial results, it has increased from crore under the employees cost head, which has 163. 40 crore during the same quarter last year. Kingfi sher Airlines delayed salaries of its employees in August 2011, and for four months in succession from October 2011 to January 2012. Kingfisher also defaulted on paying the Tax Deducted at Source from the employee income to the tax department. debt has been converted into redeemable shares for 12 years.Due to debt restructuring, the company able to down the average interest rate to 11% and to save Rs. 500 crores every year in interest cost. BAUDDHIK VOLUME 3, NO. -1, JAN-APRIL-2012 85 EISSN 2277-4955 FUEL DUES: In the past several years, Kingfisher airlines had trouble paying their fuel bills. Due non-payment, several Kingfisher's vendors had filed winding up petition with the High Court. As on Nov 2011, winding up petition of seven creditors was pending before the Bangalore High Court. In the past Lufthansa Technik & Bharat Petroleum Corporation Limited (BPCL) had also filed winding up petition against Kingfisher Airlines.Here are some cases: ? ? HPCL: In Jul 2011, Hindustan Petrol eum Corporation Limited (HPCL) stopped the fuel (ATF) supplies for about two hours to Kingfisher airlines owing to the non-payment of dues. Situation was later resolved. ? BPCL: Bharat Petroleum Corporation in 2009 had filed a case against Kingfisher airlines for non-payment of dues. High court in an order said that the entire amount 245 crore had to be paid by Nov 2010 and the airline paid it in instalments. AIRCRAFT LEASE RENTAL DUES: Since 2008, it has been reported that Kingfisher Airlines has been unable to pay the aircraft lease rentals on time.Due to that, the Kingfisher Airlines has grounded 15 out of 66 aircraft in its fleet as it was unable to meet the maintenance and overhaul expenses. Here are the some major issues with: ? GECAS: In Nov 2008, GE Commercial Aviation Services threatened to repossess 04 leased planes in lieu of default. Kingfisher Airlines initially BAUDDHIK On 9 December 2011, S. K. Goel, chairman, Central Board of Excise and Customs (CBEC) announced that CBEC is considering legal action against Kingfisher for not paying service tax. As on 10th Jan 2012, Kingfisher Airlines has service tax arrears of 70 crore.The Ministry of Finance has given a concession to Kingfisher and instructed them to pay the dues by 31st Mar 2012. In Jan 2012, SERVICE TAX: Kingfisher received a notice from the Airports Authority of India on February 2012 regarding accumulated dues of 255. 06 crore. The airline was operating on a cash and carry basis for the last six months, with daily payments amounting to 0. 8 crore. AAI REPORTS: DVB: In Jul 2010, DVB Aviation Finance Asia Ltd (a lessor from Singapore), sued Kingfisher Airlines for lease rental default.Case was filed in a UK court on Jul 16, 2010 after Kingfisher did not pay for three month lease rental for A320 aircraft it leased from DVB. denied that it missed the payments. GECAS had filed a complaint with DGCA saying Kingfisher had defaulted on rentals for four A320 aircraft, and sought repossession of th e planes. In Jan 2009, The Karnataka High Court rejected petition by Kingfisher Airlines to restrain GECAS from taking any step to deregister and repossess the 04 aircraft in dispute. As a result, Kingfisher had to return the A320 aircraft to GECAS. VOLUME 3, NO. -1, JAN-APRIL-2012 87EISSN 2277-4955 Kingfisher paid 20 crore towards its dues for operational by February 20. With this, Kingfisher's market share clearly dropped to 11. 3%. The cancellation of the flights was accompanied by a BANK ARREARS: Kingfisher Airlines had not paid some bankers (Lenders) as per the Debt Recast Package (DRP) with lending banks. Till the end of Dec 2011, the arrears were estimated to be 260 crore to 280 crore. Lenders hence had told Kingfisher Airlines to clear its dues before they can release any more money sought by the Airline. Ravi Nedungadi, chief financial officer of UB Group however said that the arrears were 180 crore.State Bank of India (SBI) on 5th Jan 2012 declared Kingfisher Airlines a NP A. SBI is largest creditor and the leader of the consortium of banks in the DRP (Debt Recast Package) and has an exposure of NPA by following banks: State Bank of India Bank of Baroda Punjab National Bank IDBI Central bank of India Bank of India Corporation Bank THE CRISIS CONTINUE: During late February, 2012, Kingfisher Airlines started to sink into a fresh crisis. Several flights were cancelled and aircraft were grounded. The airline shut down most international short-haul operations and also temporarily closed bookings.Out of the 64 aircraft, only 22 were known to be 1,457. 78 crore. Thus, by Feb 2012, Kingfisher has been declared 13. 5% drop in the stocks of the company on 20 February 2012. The CEO of the airlines, Sanjay Agarwal was summoned by the Directorate General of Civil Aviation to explain the disruptions of the operations. The State Bank of India, which is the lead lender to Kingfisher airlines said that they would not consider giving any more loans to Kingfisher unless and until it comes up with a new equity by itself. Political activists also claimed that bailing or helping a private airline would lead to problems within the Government.By February 27, Kingfisher operated only above 150 out of its 400 flights and only 28 aircraft were functional. Reuters reported that if Kingfisher were to shutdown, it would be the biggest failure in the History of Indian Aviation. It was announced that the direct flights to the smaller airports of Jaipur, Thiruvananthapuram, Nagpur and also to Hyderabad's Rajiv Gandhi International Airport were all shut down and only one/two-stop flights from its main hubs of Delhi and Mumbai would operate. In response to a situation as bad as bankruptcy, Vijay Mallya announced that he had organized funds to pay all the employees' overdue salaries.With bank accounts frozen and huge debts due, it is unknown so as from where he arranged the money. But he apologized to his workers and said that he would pay them immediately. By thi s time, kingfisher had accumulated losses of 444 crore during the third quarter of the fiscal year 2011-12. December 2011 and part of the arrears. BAUDDHIK VOLUME 3, NO. -1, JAN-APRIL-2012 88 EISSN 2277-4955 FROZEN BANK ACCOUNTS: On March 3, 2012, The Central Board of Excise & Customs of India froze many more Kingfisher accounts as it was unable to pay all the dues as per schedule. Kingfisher was meant to pay 1 crore per working day.Aviation minister Ajit Singh warned the airline about the temporary suspension of the license until the crisis was sorted out. He announced that the rest of the airline's fleet would be grounded and all flights cancelled until the crisis came to an end. This would be only one step from permanently closing the airline. IATA SUSPENSION: On March 7, 2012 IATA suspended ticket sales of Kingfisher airlines citing non-payment of dues as the primary reason, and they said that sales services will only be restored once Kingfisher settles ICH (IATA Clearing House) account.IATA also immediately directed all travel agents to stop booking tickets for Kingfisher. This would affect Kingfisher's business by around 30%. Kingfisher claimed that frozen bank accounts was the main cause of being unable to pay the IATA, and the airline started making alternate arrangements for the sale of tickets. Soon it became difficult for the airline to follow the much smaller schedule that it earlier released as even more pilots began to go on strike. UNCERTAINTY AHEAD: After analysing the entire scenario, there are strong possibilities of more difficult situation in the last month of fiscal year 2011-12.The company is in dilemma of finding help, but from where? 2. TEACHING NOTES 1. The purpose of the case is to make the students aware about the situation of financial crisis in any organisation. The issues involved in the case are about the financial turmoil and its effects on the business and market share of the company. 3. 4. 2. 1. Is the Problem of Kingfisher Ai rlines Industry Specific or Company Specific? What is the Impact of High Level of Debt on the operating performance of company? Should Government bailout Kingfisher Airlines? According to you, what are the possible ways for the company to overcome this situation?QUESTION FOR DISCUSSION: Government has refused for bailing and all the lenders and bankers have no more trust. The employees are also not able to tolerate the salary crisis and the slipping market share leads the more difficulties. Promoter Vijay Malya has to decide the way ahead. Whether is it possible to save the company? There are very few alternatives. As per the previous news, Etihad Airways was interested in investing in Kingfisher by providing equity in exchange for a stake in the airline. Also involved in the talks was the International Airlines Group, owner of British flag carrier British Airways and Spanish flag carrier Iberia.But the question is the permission by Government. So at present there is very tough situ ation for Vijay Malya and for the company. Will new fiscal year bring any solution for the company? Let’s wait and watch. BAUDDHIK VOLUME 3, NO. -1, JAN-APRIL-2012 89 EISSN 2277-4955 3. The case would be first given for individual reading for 15 min and then for 15 min the case can be discussed in groups of 4-5 students. 4. The case can be taught along with the concepts like ways to overcome the crisis and surviving strategies required to save the organisation keeping in mind the possible different options available. 5.The students can come prepared with topics of prevailing crisis in Indian aviation industry and REFERENCES: 6. other factors related to the aviation industry in detail. Cross reference can be made taking into account the strategies used by the local, market of the falling organisation. national and international players to capture the slipping http://www. flykingfisher. com/mediacenter/press-releases/kingfisher-airlinesannouncement. aspx http://in. finance. yah oo. com/news/kingfisherairlines-q3-loss-widens-033419822. html http://timesofindia. indiatimes. com/india/Kingfi sher†¦ /12258986. cms http://articles. economictimes. ndiatimes. com/2 011-12-08/news/30490358_1_pilots-industrialaction-kingfisher airlines http://profit. ndtv. com/News/Article/aai-warnskingfisher-airlines-to-settle-dues-297284 http://articles. economictimes. indiatimes. com/2 010-09-26/news/27585421_1_cash-and-carrymode-bpcl-s chairman-kingfisher-airlines http://timesofindia. indiatimes. com/business/indiabusiness/Kingfisher-may-have-to-weather-pilotstorm-next/articleshow/12214372. cms Annexure 1: Market share of Kingfisher Airlines as on January 2012 in the domestic Aviation Airline/Company Jet Airways (Including Jet Lite) Indigo Air India Spice Jet Kingfisher Go Air Share 28. 8% 20. 8% 17. 1% 16. 3% 11. 3% 5. 8% Source: http://in. finance. yahoo. com/news/kingfisher-airlines-q3-loss-widens-033419822. html BAUDDHIK VOLUME 3, NO. -1, JAN-APRIL-2012 90 EISSN 2277-4 955 Annexure 2: Price Movement and Performance Charts of Kingfisher Airlines Annexure 3: Index Comparison and Ownership Pattern of Kingfisher Airlines Source:http://www. bseindia. com/bseplus/StockReach/AdvanceStockReach. aspx? scripcode=532747 Annexure 4: Comparative Balance Sheet of Kingfisher Airlines [Rs. In crores] Sources Of Funds Total Share Capital Equity Share Capital Share Appl.Money Pref. Share Capital Reserves Net worth Mar '11 1,050. 88 497. 78 2. 95 553. 10 -4,005. 02 -2,951. 19 Mar '10 362. 91 265. 91 7. 48 97. 00 -4,268. 84 -3,898. 45 Mar '09 362. 91 265. 91 8. 11 97. 00 -2,496. 36 -2,125. 34 Mar '08 135. 80 135. 80 10. 09 0. 00 52. 99 198. 88 Jun '07 135. 47 135. 47 0. 00 0. 00 249. 23 384. 70 Jun '06 98. 18 98. 18 0. 00 0. 00 125. 95 224. 13 Mar’05 16. 20 16. 20 0. 00 0. 00 -2. 54 13. 66 BAUDDHIK VOLUME 3, NO. -1, JAN-APRIL-2012 85 EISSN 2277-4955 Secured Loans Unsecured Loans Total Debt Total Liabilities Application Of Funds Gross Block Less: Accum.Dep. Net Block Capital WIP Investments Inventories Sundry Debtors Cash & Bank Bal. Total CA Loans & Adv. FDs CA, Loans & Adv. Current Liabilities Provisions Total CL & Prov. Net Current Assets Misc. Expenses Total Assets 2,254. 26 682. 37 1,571. 89 673. 35 0. 05 187. 65 440. 53 88. 18 716. 36 5,380. 19 164. 18 6,260. 73 4,463. 86 62. 11 4,525. 97 1,734. 76 125. 84 4,105. 89 2,048. 14 493. 62 1,554. 52 980. 61 0. 05 164. 88 322. 49 50. 91 538. 28 4,604. 31 155. 56 5,298. 15 3,908. 03 46. 77 3,954. 80 1,343. 35 145. 64 4,024. 17 1,891. 80 316. 29 1,575. 51 1,630. 95 0. 05 147. 5 229. 84 49. 41 426. 50 3,640. 42 122. 45 4,189. 37 3,814. 63 45. 55 3,860. 18 329. 19 4. 51 3,540. 21 322. 33 43. 55 278. 78 346. 25 0. 00 48. 64 27. 16 5. 84 81. 64 832. 49 274. 29 1,188. 42 687. 31 9. 52 696. 83 491. 59 16. 64 1,133. 26 340. 77 33. 74 307. 03 357. 62 0. 41 61. 62 35. 24 422. 05 518. 91 149. 77 395. 00 1,063. 68 449. 15 6. 94 456. 09 607. 59 28. 75 1,301. 40 247. 33 16. 40 230. 93 286. 53 0. 41 57. 2 6 13. 06 181. 17 251. 49 232. 03 75. 31 558. 83 434. 05 5. 93 439. 98 118. 85 39. 08 675. 80 55. 25 4. 52 50. 73 153. 09 0. 45 36. 40 8. 27 47. 08 91. 75 47. 8 35. 85 174. 88 108. 77 1. 07 109. 84 65. 04 28. 83 298. 14 5,184. 53 1,872. 55 7,057. 08 4,105. 89 4,842. 43 3,080. 17 7,922. 60 4,024. 15 2,622. 52 3,043. 04 5,665. 56 3,540. 22 592. 38 342. 00 934. 38 1,133. 26 716. 71 200. 00 916. 71 1,301. 41 448. 16 3. 50 451. 66 657. 79 159. 42 125. 06 284. 48 298. 14 Source:http://www. moneycontrol. com/financials/kingfisherairlines/balancesheet/KA02#KA02 Annexure 5: Comparative P A/c of Kingfisher Airlines [Rs. In crores] Income Net Sales Other Income Total Income Expenditure Raw Materials Power & Fuel Cost Employee Cost Other Manu.Exp. Sell. & Admn Exp. 56. 69 2,274. 03 680. 54 1,192. 80 997. 34 40. 89 1,802. 99 689. 38 1,108. 82 996. 85 51. 19 2,602. 62 825. 42 1,112. 85 1,062. 74 43. 79 889. 30 244. 96 408. 21 180. 39 45. 94 979. 50 247. 72 617. 56 146. 78 36. 73 625. 45 163. 04 42 5. 48 114. 38 5. 77 92. 98 31. 76 104. 78 29. 13 Mar '11 6,233. 38 81. 58 6,314. 96 Mar '10 5,067. 92 -333. 30 4,734. 62 Mar '09 5,269. 17 598. 90 5,868. 07 Mar '08 1,456. 28 113. 62 1,569. 90 Jun '07 1,800. 21 342. 10 2,142. 31 Jun’06 1285. 42 59. 64 1345. 06 Mar’05 305. 55 14. 73 320. 28 BAUDDHIK VOLUME 3, NO. 1, JAN-APRIL-2012 86 EISSN 2277-4955 Misc. Exp. Total Expenses PBDIT Interest PBDT Depreciation Other Written Off Profit Before Tax Extra-ordinary items Tax Reported Net Profit Shares in issue (lakhs) EPS (Rs) Equity Dividend (%) Book Value (Rs) Per share data (annualised) 4,977. 79 -20. 64 0. 00 -70. 46 2,659. 09 -61. 95 0. 00 -150. 54 2,659. 09 -60. 50 0. 00 -83. 88 1,357. 99 -13. 85 0. 00 13. 90 1,354. 70 -30. 97 0. 00 28. 40 981. 82 -34. 69 0. 00 22. 83 31. 06 -54. 05 0. 00 43. 96 87. 94 5,289. 34 1,025. 62 2,340. 32 -1,314. 70 203. 02 38. 01 -1,555. 73 72. 99 -455. 35

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British legal system Essay Example | Topics and Well Written Essays - 2500 words

British legal system - Essay Example The situation in question states that Mike was travelling on the road perpendicular to Betty and continues to go through the red light as Betty starts to go and the resulting consequence. It needs to be considered whether a duty of care is owed or whether there is a breach of duty on Mike's part. Assuming that the injuries to Anne and Betty bare caused by Mike's negligence and that harm is not too remote, Mike will be liable in damages to both Anne & Betty and if Betty can give evidence then Betty being able to recover damages under the Law Reform (Miscellaneous Provisions) Act 1934 and Fatal Accidents Act 1976, respectively. Whether Betty has any contributory negligence or not needs to be ascertained. To impose liability upon Mike there is a need to justify his negligence. It is established that all road users owe a duty of care to other road users (Nettleship v Weston2). It follows that Mike and Sue have a potential duty to Betty and Anne in respect of the harm both suffer. That harm, respectively personal injury and property damage suffered by Betty and personal injury suffered by Anne, both of which appear to be foreseeable consequences of a road traffic accident. Whether Mike and Sue are in breach of the duty of care owed to Betty & Anne requires consideration of the magnitude of risk, the seriousness of the harm suffered, the utility of the defendant's conduct and any precautions, which might have been taken guard against the risk. Betty does not take legal action against Mike trusting on Julian's advice. Julian is a corporate solicitor who solely deals with mergers and acquisitions. Betty asked him for legal advice in relation to her accident when Julian had came around to visit her. However Betty mentions her situation to another solicitor who tells her she could have received a sizeable amount in damages if she had gone ahead with a claim against Mike timeously. In such condition Betty need to consider Julian's liability and Anne may sue against Mike for damages personal injury claims, medical and other expenses, lose of expectation or and lose of earning. To impose liability or take reasonable steps against Julian cases need to be examined which indicated whether Julian owes any duty towards Betty. In Murphy v Brentwood District Council3, the House of Lords held that the council was not liable on the basis that the council could not owe a greater duty of care to the claimant than the builder. In doing so the court also overruled Anns v Mertonlondon Borough Council4 and the two-part test, preferring instead a new three-part test suggested by Lords Keith, Oliver and Bridge in Caparo v Dickman5]. In order to impose liability on the employers, Betty has to established foresight, proximity and fairness and it is the current test. In Caparo industries v Dickman [1990], the shareholders in a company bought more shares and then made a successful takeover bid for the company after studying the audited accounts prepared by the defendants. They later regretted the move and sued the auditors claiming that they had relied on accounts,

Transnational Strategy of Levi Strauss Coursework

Transnational Strategy of Levi Strauss - Coursework Example Since Levis is considered a status symbol and commands a premium from European and Asian consumers, wherein the U.S. its status has been eroded by the competitors like Calvin Klein and Ralph Lauren, it motivates Levis to sell its products in the global market. Levis also has to customize its offering as per local taste as different markets have varied needs in terms of size, color etc i.e. achieve national responsiveness and also has to take advantage of low-cost raw material, production facilities where ever they are available i.e. global integration. A transnational strategy seeks to achieve high levels of both national responsiveness and global integration simultaneously by overcoming the tradeoff between the conflicting demands of the two pressures (Bartlett and Ghoshal, 1991). Thus Levis has employed the transnational strategy by allowing its foreign subsidiaries to customize the jeans as per local taste with variety of colors and sizes for greater local/national responsiveness - achieving external flexibility and keeping the production facility centralized, at the most cost-effective places, procuring the raw material from the cheapest suppliers and supplying them throughout and transferring of learning from one market to other markets ensures global integration - the internal efficiency. For example, marketing knowledge learned on Decker’s in the U.S. was transferred to Europe. An organization’s structure is determined by the strategy it pursues. Levis follows a transnational strategy to achieve its goals, which requires a strategic combination of global standardization and local customization i.e. dynamic flexibility. The centralization/decentralization required by a firm depends on demand for global integration and local responsiveness.  

Registered Nurse who is being interviewed by magazine about roles and Research Paper

Registered Nurse who is being interviewed by magazine about roles and responsibilities - Research Paper Example To a professional nurse, it this would call for an understanding of the theories and principles upon which nursing practice bases. Therefore, a professional nurse essentially needs to exhibit social perceptiveness, active listening, critical thinking and effective communication skills. Nursing profession has greatly been stereotyped. Some of these stereotypes include nursing as a profession for kind but dumb women, widely perceived to be doctors’ handsmaidens. Timby (2009) blame the media for propagating these stereotypes. Nurses are in reality highly intelligent, required to have a Bachelor of Science degree in Nursing before practicing, of which one requires to have had a diploma in nursing or passed high school proficiency examination before enrolment. Moreover, men increasingly choose nursing as a career and do well in specialties such as operating room, emergency and intensive care nursing. What the public does not know is that nurses’ roles include being a clinica l specialist and practitioner. For example, a clinical nurse expert in cardiac disease would provide expertise care to cardiac disease patients and nurse practitioners have been providing primary care health services in health institutions, especially in rural areas. Virginia Henderson, a theorist in the nature of nursing, is my role model theorist. This is because she appreciates the basic role of a nurse as assisting persons, both the sick and the healthy, gain independence, by putting oneself in the patient’s position. Nurses do not have it easy as it seems. Despite the limited room for conscientious objection to doctor’s orders, perceived as a challenge to doctor’s clinical judgment and psychiatry ethos, nurses do not just follow orders since they become morally culpable for every action they take. Thede (2012) cites the notion of moral agency that presumes every rational being as having the ability to reason morally hence responsible for their actions. As s uch, just following orders would be insufficient. Nurses require scientific knowledge to be able to decide the appropriate course of action despite having orders from doctors. The public could not be aware of the nurses’ responsibility of commitment to patient and informatics. Hence, for example, nurses have to ensure that patients sleep on pressure-relieving bedding materials so as to keep them safe from pressure ulcers. The informatics responsibility requires them, say, to use advanced computer and information technology to record patients’ notes faster and sooner than the traditional handwritten notes. There are values that are foundational in nursing career to ensure wellness outcome and optimal health in patients. Three of these that are core to keep during my nursing career include altruism, human dignity and autonomy. Altruism will see to it that I am concerned for the well-being and welfare of others as noted by AACN (2008). This would be reflected by my advoca cy and concern for the welfare of not only patients, but also nurses and other healthcare givers. The value of human dignity which entails respecting the inherent uniqueness and worth of populations and individuals will be reflected through respecting and valuing all colleagues and patients. Finally, autonomy which refers to the right to self determination will be

Demand and Supply Planning Essay Example for Free

Demand and Supply Planning Essay Abstract This paper demonstrates the concept of Supply Chain and the understanding of its different parties. How existing practices in demand planning improve forecast accuracy with advanced statistical forecasting capabilities and how demand planning is different than other SCM parties in structuring flexible hierarchy models inventory integration. In addition to explore the Integrated Demand and Supply Planning for Consumer Goods and Services Companies, where we show a Case Study for Nestle Company using weather forecast data that shows a significant insight into the extent to which difference products and/or customer sales were impacted by weather. On the other hand, Globalization and the challenges of managing a global operation such as forecasting in the face of uncertainty and reducing inventories for improved cash flow. Introduction What is a supply chain? The supply chain concept arose from a number of changes in the manufacturing environment, including the rising costs of manufacturing, the shrinking resources of manufacturing bases, shortened product life cycles, the leveling of the playing field within manufacturing and the globalization of the market economies. At a high level, a supply chain is comprised of three fundamental processes which are integrated. Procurement process involves sourcing and designing supply contracts with vendors and also developing interfaces which act as a conduit for information. Production and inventory control encompasses the manufacturing, material handling and warehousing sub-processes. Distribution and logistics process deals with the retrieval and transportation of products to retailers, distribution centers or final customers. These processes interact with one another to produce an integrated supply chain. UNDERSTANDING THE SUPPLY CHAIN There are specific roles for each function in the Supply Chain that are supported by the activities of Demand Planning. At a basic level, the Supply Chain flow of a product looks like this, beginning with Create and ending with Deliver. Source Create Plan Sell Deliver Make Create: One level below the Create flow are individual departments that support these Supply Chain actions. Create involves Research Development, Regulatory Affairs, and Product Development as new formulas are discovered, tested and developed for the market. Sell: It is focused on introducing the product to market and driving consumption. Sales, Marketing, Category Management, Market Research, Marketing Services, and Trade Marketing are key departments that support this process. This phase is also a critical communication feed to the Plan phase as it is closest to consumption and customer needs. Plan: It is the center point of the Supply Chain responsible for the creation of inventory levels that coincide with the needs of customers or distributors, which is one step before consumption. It is also the point where financial planning is executed and PLs are managed. Demand Planning, Supply Planning, and Finance departments are usually found within this point in the Supply Chain. It is important to note that the position of Demand Planning here is the hand-off from Sales to Operations, giving it the unique opportunity to link the companys supply chain activities. This is the kick-off to execution of the companys strategic plan. Source: It is the first step in producing product for sale, as raw materials, packaging components and finished goods are procured. Purchasing and Contract Manufacturing take place here in preparation of the manufacturing process. Make: It is simply the manufacturing of materials and components that result in finished goods inventory. In a synchronized Supply Chain Manufacturing, Packaging, Quality Control, and Technical Operations execute the inventory plan developed upstream in the Plan phase. Deliver: It is the physical movement of finished goods from manufacturing points to the distribution network, and finally to customer distribution centers, ready for replenishment to store level locations for consumption by the public. Distribution, Transportation, Logistics, and Customer Service are the key organizations that reside in the final phase of the Supply Chain. Demand Planning At the front end of your supply chain, your demand plan accuracy drives your production, inventory, distribution, and buying plans. With Demand Planning, youll have the tools to improve forecast accuracy with advanced statistical forecasting capabilities. Youll get the sharpest, most accurate picture of customer demand as a solid foundation for your sales and operations plan, plus tools to help you extend beyond forecasting to create a fully synchronized demand-replenishment plan integrated with your ERP system. Demand Planning provides a single, global view of the truth to accurately predict and shape customer demand across your enterprise. It helps manufacturers and distributors like you understand your total demand plan to take into account: * Seasonality * Promotions and events * Product lifecycle changes Demand Planning contains three modules that you can deploy individually or combine to form a complete supply chain planning platform: I. Demand Planner—to deliver accurate self-learning forecasts for improved forecast accuracy. II. Inventory Planner—to optimize inventory at each distribution hub, ensuring the highest levels of available stock for a given customer service-level target. III. Replenishment Planner—to plan inventory and distribution movements through every node of your supply chain, from supplier through manufacturer and all levels of your distribution chain. More than 25 years of supply chain management experience built into Demand Planning, so you can be assured theres proven, rich functionality driving your global supply chain, with supply chain experts guiding you to best practices. Demand Planning provides advanced statistical capabilities combined with market knowledge gained through internal and external collaboration to bring pinpoint accurac y to your demand plans. With Demand Planning, you get: Demand forecasting: This powerful forecasting tool in a graphical environment automatically detects seasonality, trends, slow-moving items, unusual outliers, and step changes in demand. With the self-learning engine, you forecast demand at any combination of product group, customer, or channel. Model scenarios to see the effect of promotions and events and their future impact. Web-based collaboration: Share knowledge with every stakeholder in the demand planning process. Your internal sales and demand planners better shape demand. External customers contribute with visible input to improve your responsiveness. Suppliers upstream know your plans and improve their delivery performance. Inventory planning: Analyze, model, and strike the right balance between target service levels and your inventory investment. Redistribute inventory according to predicted demand to ensure it meets tailored service levels—and increase your stock turn rates. Replenishment planning: Automatically align supply replenishment with demand across your entire manufacturing and distribution network. Using different modeled scenarios, you can see results ripple through and quickly realign inventory, transport, manufacturing, and buying plans. The Demand Planning Difference Unlike other supply chain management systems, Demand Planning uniquely offers: * A self-learning statistical forecasting engine that improves accuracy over repeated forecasting periods by learning and continually adjusting its model between forecast and actual. * Collaboration with all stakeholders in the demand planning process through a web-based user experience. * Flexible hierarchies so you can properly model your physical and operational supply chain—and change the models as your business changes. * Integrated inventory planning and optimization for stock-based supply chains so you can balance investments in inventory with desired customer service level availability.* Replenishment planning across your entire distribution chain, ensuring inventory flows through the chain to protect customer-facing distribution hubs and ensuring the highest levels of availability. * Exception alerting to draw attention to potential shortfalls in availability so you can respond more quickly to re-flow supply from alternative sources. Integrated Demand and Supply Planning for Consumer Goods and Services Companies Accenture (Global Management Consulting) helps consumer goods and services companies with aligning customer expectations with supply chain plans through our integrated demand and supply planning approach.Overview According to Accenture research, high-performance businesses are much better and faster than their competitors at allocating resources and achieving superior return on investment. And that is largely because their approach to demand planning is highly sophisticated. Global operations call for a higher level of integration between demand and supply. Accenture helps consumer goods and services companies collect actionable insights on market trends and customer expectations and align them with supply chain plans to get the right products to the right consumers at the right time through our integrated demand and supply planning approach. Sales and Operations Planning (SOP) There are many ways to manage demand and supply planning activities. In most larger companies, the Sales and operations planning (SOP) process is the most common. SOP is at the heart of balancing supply and demand, and aligning the company around a common financial, demand and supply plan. It is an integrated business management process through which management continually works to achieve alignment among all functions of the organization. Smaller companies can benefit greatly from this approach. Most try to facilitate the process using spreadsheets and data pulled from the ERP. The problem, volatility of demand, uncertainty of supply, and increasing customer expectations are challenging companies in their goal to maximize business opportunities and minimize risk. There are many components to SOP plans. In most situations an SOP plan includes an updated sales plan, production plan, inventory plan, new product development plan, and a resulting financial plan. At the highest level, these plans are designed to achieve the financial and strategic objectives of the company. In most companies, the planning frequency is monthly and planning horizons are 12 months. Situations in which there are short product life cycles and high demand volatility require a more frequent SOP planning schedule. A properly implemented SOP process routinely reviews customer demand and supply resources and â€Å"re-plans† quantitatively across an agreed rolling horizon. The re-planning process focuses on changes from the previously agreed sales and operations plan. While it helps the management team to understand how the company achieved its current level of performance, its primary focus is on future actions and anticipated results. Demand Caster methodology includes all elements of a robust SOP process. It follows the traditional 5 step SOP process described below. Sales and Operations Planning Steps: 1. Data Gathering: Collect data on past sales, analyze trends, and report forecasts 2. Demand Planning: Validate forecasts, understand sources of demand, account for variability, and revise inventory and customer service policies. 3. Supply Planning: Assess the ability to meet demand by reviewing available capacity and scheduling required operations. 4. Reconciliation of Plans: Match supply and demand plans with financial considerations 5. Finalize and Release: Finalize the plan and release it to implementation

Forms of Political Violence

Forms of Political Violence Nihad Safarli Political violence: revolutions and terrorism Political violence has become a part of a daily life of each person living on the Earth. Almost everyone- politicians, mass media, scientists, taxi drivers.and etc. is talking about this. In this paper I will analyze the reasons of its popularity by investigating its origins and the factors which trigger off political violence. Based on the theoretical framework created by the knowledge I’ve amassed before, mainly my paper is focused on two prevailing forms of political violence with what this term often is being associated –revolutions and terrorism. I will try to find out more precious definition of revolutions and clarify which historical events can be conceptualized as a revolution, also try to ascertain the main cause of terrorism. Theda Skocpol’s article â€Å"France, Russia, China: A Structural Analysis of Social Revolution† provided quite good definition of revolution , although in my opinion her study is so tightly squeezed that doesn’t fit to all cases in the history. I want to criticize Skocpol’s conceptualization of social revolutions .After reviewing the definitions given by S.Huntington and Lenin she combined the content of them and applied it for analysis of revolutions in particular states. According to the author, revolution is a very rapid and fundamental transformation of social conditions and class structures and can be achieved through uprising of the lower class. The main difference of social revolutions from other forms of conflicts and transforming processes is that they attended by class insurrection, political and social transformations in social structure. But even rebellions with the same characteristics cannot be considered as revolutions as they don’t aim to make structural changes. Skocpol used a comparative historical method, in order to analyze cautiously the history of some modern revolutions, use the data gathered from the cases to make generalizations. Limitation of this method is that it is good to compare only similar cases. For example, comparison of Russian and German revolutions could be appropriate as a lot of common factors had an impact on revolutions, such as forfeit of war. But for France war ended up with a victory and overall situation was different from Russia which makes difficult to compare French and Russian revolutions applying comparative method. Scokpol thought that trouble Russia felt during World War I caused the revolution as its economy couldn’t respond to such huge pressure yielded by military expenditure. But the main thing is not how â€Å"a boxer was punched, the main thing is how he will he be able to stand this† Not only rapid industrialization but also lack of capacity to respond to this rapid process, played an essential role. The challenging part of this definition is about the phrase- â€Å"very rapid†. The â€Å"blurred† part about social revolution word is due to vague starting point and the end. For instance, the Russian revolution: did it begin exactly in 1917? Or may be seeds of revolutions were spread before? For defining the paradigm of rapid change, we should know whether that revolution ended exactly in October 1917 or not? Main missing point here is that we don’t know during which period should structural transformation happen to be called revolution. Probably I can conclude that periods called revolutions, transformation happened much more rapid now carried the qualitative character. If we accept social revolutionas a fundamental transformation of society, we should define what is fundamental about it. The author mentioned it dimly: changes in the social structure, accompanied by class uprisings; second, political and social transformation.Butwhich changes in the social structure does she mean? It is known that social structure changes continually. A person is a unit of society. In that sense birth and death of a person is also a change in social structure. Consequently, were talking about peculiar types of transformations in society. Skocpol wrote that the changes in society are attend by class uprisings. The fact that two events in society took place at the same time doesn’t mean that one is a result of another one. In contrast with her idea I can state that the social changes happened during social revolutions are definitely the outcomes of insurrection. The nature of a social revolution can be best evaluated by the outcomes which are accomplished immediately after an insurgency by downtrodden class below. For instance, the nature of the French revolution can be best estimated by process befall after the overthrow of the king. However, it is possible to discuss the upheavals of the downtrodden classes, but also about counter-revolutionary upheavals. Symbolically, we can call them rebellions. Best example is the rebellion of Franco, as result of which a civil war has begun in Spain. Consequently, I can claim that the upheavals of the downtrodden are the inherentsegment of a social revolution. Another point regarding social revolutions which wasn’t clarified in the article is about achievement of ultimate goal. Should the notion revolution be used for the instances when the downtrodden are finally nullified, or are not able to hold on to the power? Was 1905 events a revolution if to take into account that resistance of revolution was broken and it didn’t manage to accomplish its goals? Skocpol considers political revolutions different from social revolutions.As an outcome of the latter, the form of the government ( and the government itself) is changed but the social structure and the property relations remains intact. Actually, political revolutions even doesn’t fit the term â€Å"revolution† from Skocpol’s perspective. As a conclusion of article we can define social revolutions as: a) an outcome , but also an origin of a scientific revolution, b) entails qualitative and quantitative transformations which become inalterable, c ) the downtrodden class can try to make changes any times before succeeding, d) representatives of this class come to government, e) social revolution continues in the consequent transformations in society. Terrorism as another widespread form of political violence can be analysed and also defined in different contexts such as religion, war, crime an etc. Some aspects of terrorism are going to stay outside of the outlook you used to study this term. I focused on the M.Chrenshaw’s article and can say that I appreciate the outlook she used in her article to describe the causes of terrorism. The main perceptible and important moment is that she didn’t used â€Å"populist reasoning† , like education level of terrorists or their physiological status, for justifying her arguments which I think makes her article a high-quality paper. But I still want to challenge some points she made regarding the causes of terrorism. Chrenshaw took modernization and grievance as one of the origins of this form of political violence. Modernization as a precondition can be taken as a factor only in states with less developed and conservative societies with stereotypes and taboos where new technological innovations are being impose by globalization wave. Conservative people has some distrust to new lifestyle, policies and don’t want to give up their traditional life. But I don’t agree with the statement, in a sense that, Chernhaw missed intervening variable .It is not modernization itself causes terrorism, rather it is just content of human character to resist to transformations and adjust to new way of life. That’s why revolutions which are rapid changes in social structure preceded with terror either by state in order to impose changes on people or by group of people for stopping that change. Even reactionary changes can lead to revolution. In other sense, revolution is a good condition for terrorism to rise. The article publish in Foreign Affairs journal states that After Tunisian uprising , which usually depicted as revolution( but just a political revolution according to Skocpols definition) , al Qaeda got greater operational freedom of action, its followers probably will try to stir up and benefit from new uprisings in order to fight for their political goals. (Byman, 2011). The similar trends are noticed in all places where revolution happened. As a direct condition for terrorisms grievance is very important an I think that it is the factor which is a condition for other direct causes to emerge .Grievance can be conceptualized as a real or assumed wrong or other cause for discontent or protest. I appreciate Crenshaw’s argument about grievance and want to develop it more, that terrorists are driven by grievances about international political issues within particular regions and the world. They nourish a radical will to sacrifice innocent civilians because they ardently dream to expose their feelings and the only way of realizing them is terrorism.Off course, there can be various reasons why people nurse grievance. Some people are religious, some are nationalistic ad etc. Most probably â€Å" popular reasons† described as causes of terrorism such as education and poverty level therefore is not sufficient to explain the motives of terrorism.There isn’t any concrete formula of grievance as in different soci eties there are people who are ready to devote his life to some goals. If to exclude one origin of grievance, many other factors will serve as an origin to nurse grievance in a violent way.That’s why it is hardly possible to prevent the emergence of grievance but is possible to prevent terrorism by fighting against institutionalized terrorist groups. Because terror institution is a safe environment where grievance can be directed to violence path while that radical feeling can be used in favour of humankind as well. But what about variables like poverty and lack of education – which are the explanations often articulated by mass media and politicians? In reality more highly educated people are those who are aware of their rights and freedoms and persistent enough to fight for their political intentions to be carried out. For instance, results from public opinion polls on support for attacks against Israeli targets conducted in the West Bank and Gaza Strip indicate that support for violent attacks does not decrease among those with higher education and higher living standards. (Krueger, Alan B. Jitka Maleckova., 2003)High education level in the country promises many favourable things for its people, but analysis of the facts suggests that it doesn’t bring about complete consensus and welfare in a society.If we want to look at the terrorism from the â€Å"window of education† we should concentrate on its content, rather than merely educational level of the country. Terrorism and Revolution also other forms of political violence don’t have clear border by which we can easily identify them. Because all this terms are socially contracted. For example, Babek for Azerbaijanis is a hero, but for Arabs he was just a rebel, for Italians Juli Sezar is a hero but for French people he is an enemy conquer, Attila for Turks is a great hero but for Europeans he is a wild , cruel barbarian king who occupied their territory, English troops in Baku in early 20th century were considered as enemies during Soviet times , but friends after independence . The same is true for terrorism. For someone somebody can be a terrorist, for another one he can be a fighter for freedom. This socially constructed character of political violence makes it difficult to define and its analysis depends on the context. Bibliography Byman, D. (2011). Terrorism After the Revolutions.. Foreign Affairs. Krueger, Alan B. Jitka Maleckova. (2003). Education, Poverty And Terrorism: Is There A Causal Connection?. Journal of Economic Perspectives.

Power of the Oppressed in George Orwells Shooting an Elephant Essay

Power of the Oppressed Exposed in Shooting an Elephant  Ã‚      In Burma, the Indian Imperial Police consisted of British officers who, in theory, supported the extension of power and dominion of a nation, which is the basis of imperialism. George Orwell decided to follow family tradition when he went to Burma to work for the Indian Imperial Police, yet "when he realized how much against their will the Burmese were ruled by the British, he felt increasingly ashamed of his role as an alien police officer" (Britannica). In his narrative, "Shooting An Elephant", George Orwell realizes that throughout his entire rule in Burma he is actually the victim of the Burmese, and it is their expectations of what he should do with his power that force him to do what they want. Looking back upon his experience as an officer of the imperialistic regime, Orwell recalls a crucial morning when he is asked to deal with an elephant that has escaped from its "mahout" or caretaker, and "has gone must" (310). On this day Orwell realizes that he is unable to make choices according to his own beliefs but must act according to the demands of the "natives" who have been deprived of their own country. Orwell acknowledges that "imperialism [is] an evil thing and the sooner [he] chucked up [his] job and got out of it the better" (310). He is constantly reminded of the abuse inflicted upon the native people as he observes at first hand the "wretched prisoners huddling in the stinking cages of the lock-ups, the gray, cowed faces of the long-term convicts, and the scarred buttocks of the men who had been flogged with bamboos" (310). Very prevalent is the anti-European sentiment among the "natives" of Burma; this prejudice nearly makes his job impossible. T... ..."natives" feel obliged to test the imperialists’ authority (or lack thereof) as a means of keeping some control over their country. The imperialists believe that they are keeping control by acting resolutely, but as Orwell shows in "Shooting An Elephant", they put on this act to satisfy and appease the wishes of the "natives." In imperialism, the oppressed indirectly hold the actual power and control over those that falsely believe to be the oppressors. Works Cited Orwell, George. Shooting an Elephant and Other Essays. New York: Harcourt, Brace & Company, 1946. Rpt. The McGraw-Hill Reader: Issues across the Disciplines. 7th ed. Ed. Gilbert H. Muller. New York: McGraw-Hill, 2000. Smyer, Richard I. Primal Dream and Primal Crime : Orwell's Development as a Psychological Novelist, University of MissouriPress, Colombia 1979. http://www.britannica.com/

International Monetary Fund :: essays research papers

-International Monetary Fund-Addressing Fundamental Economic Goals On an International Level   Ã‚  Ã‚  Ã‚  Ã‚  The International Monetary Fund is an important function that makes world trade less strenuous. The International Monetary Fund, or IMF as it is called, provides support and supervision to nations in all stages of economic progress. International trade is a key element to enable nations, large and small, to strengthen their economic positions. Larger nations need the international market to export their goods and services, and smaller nations also need this world scale market to import products so they are able to produce more efficiently. In order to achieve these goals, one major component must be in place. The ability to value other nation's currency. Throughout the years, many different ways have been used to do this, mostly ending in failure. There is no perfect way to accurately measure the true value of another country's currency. The International Monetary Fund is an effort to see each country's economic position, offer suggestions, and provide the fundame ntal economic security that is essential to a thriving (world) economy. Many of the domestic economic goals are reiterated by the INF on an international level.   Ã‚  Ã‚  Ã‚  Ã‚  To understand the current INF we will investigate the events leading up to its existence. Between 1879 and 1934 major nations used a method of international exchange known as the Gold Standard. The Gold Standard was simply a fixed-rate system. The rate was fixed to gold. In order for this system to function properly three things had to happen. First, each nation had to define its currency to gold (this definition then could not change). Second, each nation must than maintain a fixed relationship to its supply of money and its amount of actual gold. Third, the on-hand gold must be allowed to be exchanged freely between any nations throughout the world. With all of those policies successfully in place, the exchange rates of the participating countries would then be fixed to gold, therefore to each other. To successfully maintain this relationship some adjustments had to be made from time to time. For example, two countries A and B are doing international business to gether and A buys more of B's products than B buys of A's. Now B doesn't have enough of A's currency to pay for the excess products purchased. B now has what's called a balance of payment deficit. In order to correct for this deficit the following must occur; Actual gold must now be transferred to A from B.

Lobotomy and the Quest for the I-Function :: Biology Essays Research Papers

A large concern of the field of neurobiology seems to be finding and understanding a connection between the structure and function of the nervous system. What tangible system of tissues is responsible for creating a given perceived output? Some outputs can be more easily traced back to a specific 'motor symphony' and the involved structures isolated. This problem has obsessed generations of scientists. One of the first of this generation of researcher was F.J. Gall who promoted the idea that observable features of the brain could lead to an understanding of specific traits of action (7). Gall's greatest opponent, Marie-Jean-Pierre Flourens published research on localization of function and among his findings was evidence for sensory perception in certain sub-cortical structures (7). However, when Flourens examined the cerebrum he did not get such clean results. He found that damage to the cerebrum would not compromise specific abilities in the patient based on area, but incapacitate the patient in different ways based on the extent of the created lesion. In other words, damage to the cerebrum effected a diminution of 'higher mental faculties' such as "perception intellect and will" according to how great the lesion actually was, not according to where in the hemispheres it occurred (7). His conclusion proposed these higher mental faculties as existing throughout the structures of the cerebrum, and not isolated as with sensory perception. How is it possible to attribute, say elements of personality to a specific structure? Is their a region of the brain responsible for the way we are? A 'nice' region, an 'angry' gland? Here we encounter the ever ephemeral concept of where the I-function lies within the nervous system. Flourens' experiments, as well as many in the field of physiological psychology involved in great part injuring or impairing a section of the nervous system and then observing resultant changes in behavior. Indeed, much scientific discovery stems from observation of impairment-using disability as a way to understand ability. This method is a bit of turning observations on their heads-what one observes in a damaged patient might provide clues as to what one would observe in a healthy patient. This sort of process of elimination method of observation is an especially applicable tool when the structures and functions involved are little understood. In the case of locating where aspects of personality may come from, this is definitely true-much is left unexplained about what creates a human sense of individuality and character.

Biotechnology Opportunities In Canada Environmental Sciences Essay

The Canada has witnessed extraordinary progresss in scientific discipline over the last few decennaries. Biotechnology – one such country of growing – is a term covering a wide scope of scientific activities used in many sectors, such as nutrient, wellness and agribusiness. It involves the usage of life beings or parts of life beings to supply new methods of production and the devising of new merchandise, because Canada is an industrial state with a extremely developed scientific discipline and engineering sector. Almost 1.88 % of Canada ‘s GDP is allocated to research & A ; development ( R & A ; D ) . The state has 18 Nobel laureates in natural philosophies, chemical science and medical specialty. Canada has a wealth of natural resources, which can be subjugated by biotechnology. These resources range from the Northern Canada to immense measures of cultivable land. Opportunities exist for biotechnology to use these resources in countries such as health care, agri business and biofuels. The use of biotechnology in this manner has vast socio-economic benefits for the state and may restrain its growing for several old ages to come. The expansive sum of the annual optimistic economic influence of renewable fuels is $ 2.013 billion. In Canada that there was chief net income from renewable fuels in â€Å" rural revival, improved oil exports from western Canada, industrial growing, and cherished option for re-balancing fuel ‘mix ‘ . Canada is a state rich in natural resources of several different signifiers, assortments from the northern Canada to its immense country of arable land with significant mineral resources. There are assorted chances for the use of biotechnology to utilize these resources on together big with little graduated tables. The usage of GM harvests may be used in the bally agribusiness industry to better output with lessening the require for weedkillers, even as on the minor graduated table, canola oil is a promising resource for developing biodiesel, a renewable replacement to fossil fuels in Canada. Canada is one of the some developed states that are exporters of energy. Atlantic Canada has immense offshore sedimentations of natural gas, with Alberta has large oil and gas resources. The tremendous Athabasca Oil Sands provide Canada the universe ‘s 2nd largest oil militias, after Saudi Arabia. The Canadian economic system is conquered by the industries, which employ about 3 quarters of Canadians. Canada is uneven between developed states in the significance of its primary sector, in which the logging with crude oil industries are two of the mainly important. Canada is one of the universe ‘s chief providers of agricultural output ; the Canadian Prairies are one of the chiefly of import manufacturers of wheat, canola, and excess grains. Canada is the chief manufacturer of Zn and U, besides is a planetary resource of legion other natural resources, such as gold, nickel, aluminium, with lead. Numerous towns in northern Canada, where agribusiness is tough, are sustainable as of nearby mines or resource of lumber.AgribusinessCanadian farms, piscaries with spreads produce a wide diverseness of harvests, farm animal, nutrient, provender, fibre, fuel plus other goods by the orderly elevation of workss and animate beings which are dependent upon the geographics of the state. In 2001 farms numbered merely 246,923 at a size of 676A estates ( 2.74A kmA? ) as the production of nutrient and fibre for human or farm animal nutriment has evolved into intensive and industrial patterns. As of 2002, wheat constituted the largest harvest country at 12.6 % . Canadian husbandmans received a record $ 36.3 billion in 2001 from farm animal, harvest gross revenues and plan payments. In 2001, the accumulated net income of farm operators from farm production amounted to 1,633 million dollars, which amounts to 0.147 % of Canada ‘s gross domestic merchandise at market monetary values, which is 1,108,200 million dollars. Fisheries are besides playing an of import function while forestry plays a secondary function. Canada ‘s development has abandoned subsistence techniques and now sees a mere 3 % of Canada ‘s population employed as a mechanised industrial husbandman who are able provender the remainder of the state ‘s population of 30,689.0 thousand people ( 2001 ) every bit good as export to foreign markets. ( After the EU ( 27 ) , the U.S. and Brazil, Canada accounts for 3.5 % of entire universe agribusiness and agri-food exports. World Agricultural and Agri-food Export Share by Country of Origin, 2006 Once considered a sphere harvest in Canada, canola ( Brassica Tragulus Javanicus ) has presently evolved into a first hard currency harvest. Per annum, Canada exports 3.4 million metric dozenss of seeds, 706,000 dozenss of canola oil with 1.15 million dozenss of canola repast ( Source-Canola Council of Canada 2008 ) The Production with Price influence of Biotech Corn, Canola, plus Soybean Crops in Biotech harvests have at this clip been adult commercially on a considerable worldwide graduated table of all time since 1996 in Canada. There is a survey traveling on the influence on cosmopolitan production, ingestion, trade, and monetary values in the soya bean, canola, and maize sectors. The survey propose that universe monetary values of maize, soya beans, with canola would most probably be, correspondingly, 5.8 % , 9.6 % , plus 3.8 % higher, on norm, than 2007 baseline tallness if this engineering was no longer accessible to husbandmans. Monetary values of agencies imitative of soya beans ( repast with oil ) would every bit good be among 5 % and 9 % elevated, with rapeseed repast with oil monetary values being refering 4 % higher than baseline tallness. Globe monetary values of affiliated cereals plus oil-rich seeds would excessively be likely to be elevated by 3 % to 4 % . ( All figures & A ; facts from-Brookes, Graham ; Yu, Tun Hsian ; Tokgoz, Simla, Elobeid, Aman The Production and Price Impact of Biotech Corn, Canola, and Soybean Crop Agbioforum Contents of volume 13, figure 1 ) Canada ‘s canola concerns add up over $ 11 billion in economic action to the Canadian wealth. In the 5crop old ages initial in 2000-2001, Canada shaped a criterion of 6.2 million dozenss of canola seed /year. In the similar period, Canada annually exported 3.4 million dozenss of canola seeds, 706,000 dozenss of canola oil plus 1.15 million dozenss of canola nutrient. The whole worth of canola seed, oil with repast exports is sing $ 2 billion. Depending lying on the twelvemonth, canola is furthermore Canada ‘s first or else 2nd chiefly cherished grassland harvest. Further than 52,000 Canadian husbandmans produce canola ; produce economic motion of $ 1.4 billion in Ontario with Quebec, plus $ 7.5 billion in western Canada. Canola is every bit good adult in the north cardinal plus southeasterly United States. Canola-based bio Diesel concerns within Canada base for the opportunity to bring forth $ 620 million in capital investing in this state plus infix an excess $ 2.4 billion keen on the economic system per annum. FIGURE 2 ( SOURCE-IMAGE-www.canolainfo.org )Main canola-based bio Diesel provider:Blue Sun Bio Diesel Canadian Bio energy Corporation Milligan Bio-Tech Inc Bio Fuel Canada Limited During December 2006 the cardinal authorities proclaim clasp of a countrywide renewable fuel program mission for a 5 % renewable fuel norm in every Canadian fuel, every bit good as a 2 % permission for renewable within Diesel through 2012.Canada ‘s canola agriculturists are complete to construct a Canadian biodiesel concern occur now. More than the past 40 old ages they have construct the canola industry get downing the place up to a $ 14 billion-a-year concern in Canada, plus international clients are by now looking for Canadian canola as an attractive feedstockGM CROPSIn twelvemonth 2004, the united States have refering 9 times the figure of hectares of GM harvests than Canada. This is perchance non amazing, because the United States has well excess farming area than Canada. Though, it is value observing to because 1997, Canada have improved the figure of square hectares faithful to GM harvests through sing four epoch contrast to United States, which has full-grown its devote d part through refering six times. Canada is at rest tierce in the Earth in whole figure of hectares of GM harvests, following the United States plus Argentina. Chart 3 ( Source-Trefor Munn-Venn and Paul Mitchell, Biotechnology in Canada: A Technology Platform for Growth Report December 2005. ) Accessible statistics propose that Canada has the chiefly developed biofood-processing part, by the chief grosss ( $ 1.3 billion in 2003 ) , most figure of house ( 54 ) , highest investing in R & A ; D ( $ 23 million in 2003 ) plus the chiefly employees ( 761 ) . This is individual country anyplace the excess higher statistics assortment ability of figures Canada differentiate Canada from the remainder of the Earth. It is clear that there is immense chance for biotechnology in agribusiness in the coming old ages. The acceptance of more GM harvests will heighten the increasing possible output brought approximately by the use of a immense country of new land, which could potentially make an excess 100 million hectares, fuelled by the continued demand from strong domestic and international markets, peculiarly from China. In order for the immense potency for biotechnology in agribusiness to be realized in Canada certain barriers must be overcome one such issue is whether the acceptance of GM harvests is more economical to the smaller scale manufacturer, every bit good as to big GM harvest bring forthing corporations. It is clear that there is immense chance for biotechnology in agribusiness in the coming old ages. The acceptance of more GM harvests will heighten the increasing possible output brought approximately by the use of a immense country of new land, which could potentially make an excess 100 million hectares, fuelled by the continued demand from strong domestic and international markets, peculiarly from China, who confirmed soybean importing for five old ages from 2008, deserving 25 % of the US $ 1.7 billion worth of entire exports to China each twelvemonth [ James, 2008 ] . Canada histories for further than half of universe trade in canola seed, repast, with oil. Canadian manufacturers continue to spread out canola country and production. Demand scenario expression strong due to developing usage of vegetable oils in China and India with canola-oil-based biodiesel usage in the EU. The Canadian suppression industry is increasing fast to keep increased insist for canola oil. In the following 2 old ages, farther than 1.5 million metric dozenss of canola oppressing capacity is predictable to be develop in the Canadian Prairie Provinces. Several of the increased canola oil could be used to bring forth biodiesel. Canada controls the universe canola export trade, with a market portion of 71 per cent in the three old ages to 2005-06. Although GM assortments comprise 79 per cent of Canada ‘s canola production, virtually all of the state ‘s export canola is considered to be GM because there is no segregation of GM and non-GM harvests. This did non halt its exports making record degrees in 2006.Biobased economic systemCanada ‘s biobased economic system with its chief constituents ( Figure 4 ) , one sees a mix of all four biobased economic system major sub- sectors. Lead through the wellness, medical specialty, with pharmaceutical subdivision, it is followed through agribusiness and harvest production. Canada ‘s crop-production division GDP is about $ 14.7 billion, by 17.3 million estates of genetically modified harvests out of 74.6 million entire estates of chief cropland. Canadian husbandmans, manufacturers, with clients are on mean therefore in a superior place to reap the returns linked with the credence of following coevals industrial biotech procedures, including biofuels along with biorefining procedures. The utilize of GMOs is opening the door to industrial biotechnology addition in these developing economic systems, all through, for illustration, chance to make biofuel feedstock ‘s and to use in biorefining, with production of higher-yield besides higher-value harvests.BIOFUELCanada look like the US in its market-oriented economic system, sample of production, and affluent life criterions. Development of the fabrication, excavation, and service sectors has changed the state from a chiefly rural economic system into an industrial, metropolitan economic system. Canada ‘s GDP in 2006 was about $ 1.18 trillion ( a‚ ¬0.8 trillion ) . Canada is a state wealthy in fossil fuel resources. In 2000, 39 % of Canada ‘s chief energy was from crude oil, 28 % from natural gas besides 13 % from coal. 11 % was by renewable hydropower, and merely 6 % from renewable biomass. Forecast for the following twosome of decennaries are for a biomass portion of 6-9 % . As given in Fig 5, 28 % of bring forthing ability from renewable resources by biomass. Bioenergy production semen from a wide scope of beginnings: common heat and power, gasification, pyrolysis, landfill gas, ethyl alcohol from grain besides cellulose.Biomass ResourcesWoody Biomass Forest biomass may be by and large divided into 2 group ; mill residue plus forest residue tops, subdivisions and foliages from crop with thinning operations that are left in the wood or at wayside after delimbing. In Ontario, a bark boiler undertaking at the Abitibi-Bowater mush & A ; paper factory in Ft. Frances is presently below building. It plans to devour about 230,000 ODt of factory residues.Agricultural ResiduesFarmlands occupy 67.5 M hour angle ( million hectares ) in Canada, approximately 6.7 % of the whole land base. Crops are grown-up on 36.4 M hour angle, or 54 % of farming area. Agricultural activity produces 1000000s of metric tons of biomass annually, which may be classified as: virgin biom ass- grown for energy, besides waste biomass- residuary fraction of primary crop, and farm animal wastes. . Residues recoverable and sustainably removable were predictable at 29.3 Odt yearly, though some of this goes to conventional utilizations such as carnal bedclothes and mulching.Ethanol FeedstockIn Canada 70 % of ethyl alcohol is complete by maize in Eastern Canada, with 30 % is by from wheat in Western Canada. Ontario is the major corn-producing part in Canada, and soon 60 % of Canadian ethanol industry is in Ontario. . An expected 8.4 million metric tons of maize were usage for nutrient and 635,000 metric tons were used for ethyl alcohol. To piece the feedstock supply necessary through the ethyl alcohol workss working in 2009, 2.9 million metric tons maize may be desired.Biodiesel FeedstockA 2 % federal biodiesel mandate may change the feedstock attitude for biodiesel. In 2007 feedstocks for biodiesel constitutional 35 million liters of carnal fats with 18 million liters of i mported thenar oil. Plentiful canola and soya beans may be used, but these harvests are priced as nutrient oils in planetary markets and bear a high monetary value. Canola is in high bid as healthy oil through the nutrient industry. Rendered oils, rendered carnal fats and palm oil are monetary value as provender and fabrication usage and bear a lower monetary value. Industry beginnings have expected that the 250 million liters of biodiesel require by the mandate in 2012 may be manufactured from family animate being fats, and 250 million liters by imported thenar oil, separating canola and soya bean oil for nutrient. 2004 Canada had 78.9 GW of ability from renewable beginning. 67 % was from conventional hydro, 23 % was from small- impact ( little ) hydro, and 9.4 % was from biomass. Of biomass capacity, approximately 26 % ( 1938 MW ) was electrical and 76 % ( 5454 MW ) was thermic. The industry of a whole of 2.25 billion liters of renewable fuels annually. A net annual economic net income of $ 1.473 billion to the Canadian economic system crossways Canada, numbering $ 14.1 million to municipal authoritiess, $ 108.8 million to regional authoritiess, and $ 111.8 million to the cardinal authorities. An predictable annual benefit of $ 540 million in excess oil exports that are likely as of western Canada biofuels manufacture.The ethyl alcohol and biodiesel industry inside Canada produce about $ 2.2 billion a twelvemonth. The workss produced 14,000 occupations, and every the workss may keep about 1,000 stable occupations.HealthWith a 9 % annual growing rate, Canada is the 3rd highest lifting market in the universe for pharmaceuticals. The sector net income from Canada ‘s booming biotechnology industry that gives fuels to pharmaceutical companies ‘ growing. Include to these advantages well-educated employees with really trained scientists and technicians, every bit good as business-friendly direction policies, and it ‘s non amazing that about every chief pharmaceutical company has developed and/or R & A ; D operation in Canada.latest Investing within CANADACharles River Laboratories International, of Massachusetts, may open a presymptomatic services service in Quebec in 2009, which is eventually likely to use 1,000 people. Sanofi Pasteur spended $ 100 million in a fresh R & A ; D ability in Ontario in 2008. GlaxoSmithKline invested excess than $ 178 million in Canadian R & A ; D in 2007 entirely. Sandoz, a divider of the Novartis Group, open a fabrication works in Quebec in 2008, division of its $ 80 million investing publicize in 2007. Boehringer Ingelheim finished a $ 36 million investing in novel, advanced research labs in Quebec during 2008. Canada plays a chief function in the world-wide biopharmaceutical industry, with specific power in research and development ( R & A ; D ) , clinical tests with fabrication. All of the acme 10 international pharmaceutical companies, in conditions of grosss, have operations in Canada, legion with R & A ; D and fabricating mandate. In 2007, world-wide biopharmaceutical gross revenues amounted to US $ 663.5 billion. That similar twelvemonth, the Canadian biopharmaceuticals sector witnessed gross revenues of $ 17.6 billion and exports of about $ 6.3 billion. About 80 per centum of these exports were control to the U.S. market. In 2007, Canada was domicile to 397 pharmaceutical with 404-biotechnology organisation, using about 29,000 people crossways the state. Canada has the 2nd top figure of biotechnology companies in the Earth and is home to several of the largest recognized bunchs in the pharmaceutical industry. Authorized counts of constitutions classified as pharmaceutical industrialized. Below chart explain Toronto and Montreal compare healthy to Jersey City, New Jersey, one of the chiefly celebrated pharmaceutical industry base inside North America.ChapterDecisionBiotechnology has been described as a Canadian chief concern in visible radiation of its acknowledgment for possible to drive sustainable growing. This is chiefly due to its immense influence on the ways in which natural resources may be exploited and the properties on the environment. The sheer wealth of different natural resources at Canadians remotion may surely drive its growing for old ages to come provided that such resources are used responsibly. Biotechnology might hold a immense influence on the health care sector throughout the usage of biodiversity form the chief Canadian rain forest as a natural resource. This mostly unknown resource might supply tremendous benefits for the wellness industry and economic system of Canadian for old ages to come ought to it be found to include new drug campaigners between its tremendous biodiversity. Net income of biotechnology in the agribusiness industry are antecedently being seen and may keep to cultivate as Canada extra exploits its immense land country, lifting its exports of chief harvests such as canola, turning GDP, whilst supplying farther nutrient besides generate more occupations for many biotechnology alumnuss. The utilize of biotechnology in the Biofuel/biodiesel industry together generates a renewable, sensible beginning of energy, whilst cut downing the influence on the environment signifier the combustion of fossil fuels. Even as the feeling on the usage of natural resources itself is profound, this industry besides has immense economical deduction for Canada, which has traditionally relied on imports for the size of its energy demands, plus hence progress energy security. Further industries such as biomining may besides play a function in the development of Canada in the upcoming by heightening the ability to work the valuable metals present at that place. Canada seems to be a typical illustration of how the development of natural resources utilizing biotechnology can be used to significantly drive the growing and development of the state, and it may merely be a affair of clip before Canada is considered developed, sing the renewable resources at its disposal, and the procedures in topographic point to work them. The economic influence of Canadian renewable fuel workss, with the effects is incontestable ; ethyl alcohol and biodiesel in Canada are driving growing. Canada ‘s latest renewable fuel criterion is presenting on its assure of occupations, investing plus growing.

Ethics †Meaning of life Essay

1. The Meaning of Life Connect your ideas on the essential meaning of life to the views of at least one philosopher. This philosopher can be someone whom we studied or can come from an outside source. You might connect your ideas in a harmonious or contradictory way. Utilize the academic resources aligned with this course to find a philosopher that coincides with or contradicts your own ideas. Your initial post should be at least 150 words in length. Support your claims with examples from this week’s required material(s) and/or other scholarly resources, and properly cite any references. Respond to at least two of your classmates’ posts by Day 7. What gives human life meaning? I think Immanuel Kant said it best when he asked the three question that make up what it is to be human. â€Å"What can I know? What ought I to do? What may I hope? † (Ch. 5. 4, Mosser) I think that it is what we do with our lives that make them worth living. The people’s lives that we touch and help are what give our own lives meaning. How should one act in the world once one realizes this meaning? One should follow the consequentialist theory. Meaning that one should make the choices that will bring about the most benefits to everyone not just one’s self. How do you know? I know by the feeling that is left after I help others. This feeling is what drives us to give, to help to reach out and continue helping others. Most of us do not enjoy the thought of others suffering, so it would make sense that they would enjoy seeing others happy. As they say happiness is contagious. References: Mosser, K. (2010). Philosophy: A Concise Intro. San Diego, CA: Bridgepoint Education, Inc. After watching Relationship of Philosophy to Other Fields, reflect on the relationship of philosophy to your life in terms of your future education and career What value does philosophy have? I am getting my bachelors in health care administration, in laments terms I will be the lady to hand you forms and answer immediate question when you come into a hospital. Having philosophy in my life will actually help by enabling me to help patients when they come in, by being better able to answer their question. Example: A patients asks: Why is it taking so long? My response: I having taken philosophy can respond by giving them an answer that would eliminate all why questions and would help them feel a little more at ease with their wait. How can people benefit from thinking more philosophically? They can benefit by broadening their way of thinking, which in turns helps understand more and see things from a different point of view. How does philosophy affect ethical issues? Philosophy describes how humans should behave while ethics describes what is right and wrong and how we should respond to the situation. Unfortunately they do not always go hand in hand. What significance does thinking and reasoning critically play in society, and in human flourishing? Thinking’s is what brought about the wheel or electricity. It is those that stop and ask why not, these are the people that flourish in society. It is using your brain to understand things not just what you can see but also what you cannot.

Solving the Water Problem with the Help of LifeStraws

The risk of drinking contaminated or unsafe water is high for people who do not have the means of providing themselves and their families the privilege of safe and clean water. Water-borne diseases that affect these vulnerable groups include cholera, typhoid fever, dysentery, and Brainerd diarrhea (Division of Bacterial and Mycotic Diseases, 2005). Vulnerable groups have not been clearly identified as even those with the money and those with access to safe water are being affected by these diseases but, it is rational to point out that those without proper systems or access to safe drinking water such as the poor in the developing countries are at higher risk for the abovementioned diseases. It is the desire and advocacy of the governments all over the world and the United Nations to pursue their efforts of â€Å"halving the number of people without access to safe drinking water and basic sanitation by 2015† (UN Department of Public Information, 2005). It is with these great hopes that the said actors have launched the â€Å"Water for Life† decade last March 22, 2005 in sync with the World Water Day (UN Department of Public Information, 2005). In line with all these abovementioned problem and advocacy, it is but timely that the concept of LifeStraw ® has been developed and are now in being utilized for use in places where access to safe water remains to be a big problem. LifeStraw ® is a â€Å"complimentary point-of-use water filters†¦ that will help people obtain safe drinking water at home and outside† (â€Å"LifeStraw ® at a glance†). Its main purpose is to be a tool that will act as a filter for unsafe drinking water making it fit for consumption and reduces the risk of water-borne diseases for the people. However, a piece of LifeStraw ® comes with a price as there are materials and labor which has to be compensated for its production. It is a cost that is needed to continue the production of such and would have to be considered by people using it and those who are advocating for clean water. It would be confiscatory in nature to require the maker of LifeStraw ® to continuously produce the said product without being paid. The cost for the production of such was pegged at $3—a cost that would be way below the benefits it could bring. Being equipped with the knowledge of business ethics and being socially-aware and socially-responsible students and individuals, we would like to personally make our contributions in the purchase and distribution of such LifeStraw ® for the poor and the vulnerable. The life of a LifeStraw ® would last up to three years and this would already make a big difference in the lives of those who would be given the chance to own one. We plan to purchase 200 pieces of LifeStraw ® to be distributed to individuals and families. The organizations and agencies concerned would first have to be identified so as to organize the solicitation that would have to be released by our group. Groups would be identified in consideration of their financial capability and the interest they would have to express on this charity work they would be involved in. After the groups have been identified, their contact numbers would have to be obtained through websites and public dictionaries and this would be used to ask them to receive the letter we have for them as well as the contact person. Letter would be sent out after confirmation from the agencies that they are interested in such endeavor. A formal letter is ready for mailing and the interested agencies would be briefed about the advantages the LifeStraw ® will bring to the families and the good intention that our group has in engaging in such endeavor. Further information dissemination or information drive through the use of media or the least costly means would have to be employed such as website postings. It is expected that with the information campaign, the organizations would be able to access the necessary information for the intentions of our group and further linkages be established. Trust should also be established by providing personal networks and contact persons in each organization and would be highly appreciated by the group. With the money collected, the group will purchase 200 pieces of LifeStraw ® for distribution to the most vulnerable groups. This will be identified in cooperation with certain groups. It is also the plan of the group, as feasible, to ask for a thank you note from the families who have been blessed with the opportunity of owning a LifeStraw ® that will be sent to the organizations who have helped us and to acknowledge the effort they have exerted on giving these families and individuals a better living condition. Otherwise, a simple thank you note would have to be given from the group stating our utmost gratitude for the given assistance. The problem of unsafe drinking water would be ameliorated by the abovementioned steps that our group would like to take. However, it is still with much concern that someone or other individuals and groups would continuously exert the initiative to make the advocacy a continuous one until the targets of the governments and the UN would be reached. Further collaboration with other organizations would have to be considered as the State is a good vehicle for continuing and providing social welfare services in cooperation with private entities and the civil society. References Division of Bacterial and Mycotic Diseases. (2005). Preventing bacterial waterborne diseases. Retrieved April 15, 2008, from http://www.cdc.gov/ncidod/dbmd/diseaseinfo/waterbornediseases_t.htm. LifeStraw ® at a glance. Retrieved April 15, 2008, from http://www.vestergaard-frandsen.com/lifestraw.htm. UN Department of Public Information. (2005). Access to safe water priority as UN marks beginning of international decade. Retrieved April 15, 2008, from http://www.un.org/News/Press/docs/2005/envdev829.doc.htm.