February Action Essay

So, after my great holidays, back to reality. In this case, it meant moving flats. I moved out of my friends’ flat and in with two Mexican siblings, girl (spoilt acting student) and boy (pain in the ass lawyer student). (The statements in this part are highly influenced by later experiences with the two people, I got along with them and their family fine.) And when I moved I found the flat under water. So the first thing I did was spend hours soaking towels. Apart from that the two were always nice to me, the guy was almost never there and the girl went home on weekends, so I had the place to myself a lot, which was great. The flat was on the ground floor, so despite great sunny weather outside, I lived in freezing conditions. But it was well-located for work and social life. My room consisted of a bed and a built in cupboard (already provided) and a very useful box (which I found on the street and stayed with me until I moved out). I started working too†¦giving English classes in the Bank of Mexico, some 20 hours a week, all 1-1 classes with mostly enjoyable students. As I had already found a football team, it meant I had found friends who took me out, to the cinema and every sunday the PUMAS (one of the local teams) game was a must. I was introduced to the stadium, the anthem (!!!!) and the during match entertainment (beer and crisps) and the after match entertainment (more beer, discussion of game, and strange activities like having electric shocks outside of the stadium). Although not completely my description of a great time, it was good fun nevertheless. I otherwise spent quite lazy weekends, enjoying the company of my friend Itziar and playing football. At the end of February, the football girls had a huge party, which was great great fun, a lovely, welcoming group of girls who know how to party. There I became better friends with a lot of them, which was very nice. The party was full of good food, dancing, dancing and dancing and when it ended, we decided to go to a friends’ house to continue the party, but we all ended up falling asleep there. So some good weekend action. I was invited by the family of my flatmates to Cuernavaca, which is the getaway for inhabitants of the big City. (btw, if New York City is the Big Apple, Mexico City must be something like the Big Papaya) I went out on the Saturday morning by bus and then spent quite a relaxed time in the house, which is quite a bit outside of the city center. We had a lovely meal and then they took me into the city center, where they, interestingly enough, put me on the tourist bus and I went around on that. Pity really, because the main square had some really interesting and fun dancing and singing going on, surrounded by people selling handcrafts and other oddities. So the bus ride was quite amusing, lots of historically interesting information that I forget while the guide is finishing the sentence. Cuernavaca is a nice city and the bus also took us on a walk through some park/ravine, which was also umm†¦nice. Then in the evening I met the family to have supper at a very good Italian restaurant before we headed back to their house, where I fell right to sleep (tired from the party, obviously). Sunday just meant a long sleep, another nice meal and then the return journey back to the city. So I got a look at what Cuernavaca was like, which was enjoyable. Next time, I’ll just go by myself to see more of the place instead of seeing it wizzing by from the Touribus.

Consultancy Report Essay

As a subsidiary of one of the largest cosmetics organizations in the world, you are in a position to dramatically increase your potential and further capitalize on your brands recognition. My hope is that you will establish and maintain a broader, more diverse customer base and increase your overall profitability. Based on an in-depth analysis and research conducted on your organizations behalf, I have identified several problematic areas in need of immediate attention. The following document will serve to provide valuable information to address these issues accordingly. One such issue and perhaps one of the most crucial is that of the organization’s brand awareness levels in the United Kingdom. This is due in part to the fact that Mary Kay U.K. is not as widely recognized in the United Kingdom as it is in the Americas. I recommend increasing your presence to reach potential customers who would otherwise be unaware of your organization. We will seek to address the significant growth of new potential competitors while developing a means of competing effectively against already established competitors. You will learn of new methods in which to remain relevant and a viable global contender in the cosmetics industry. New products will serve to provide your organization with a competitive edge and differentiate your organization from all its competitors. New policies and changes in the organization’s infrastructure will increase employee satisfaction an important factor for employee retention. These enhancements to the organization’s current dealings can ultimately increase profitability, improve customer satisfaction levels, and increase employee productivity. As Mary Kay U.K. adopts these changes and once in effect, there will be a need to take on additional employees to tend to the day-to-day operations and supplementary qualified/experienced executive-level professionals, allowing for a more focused approach on the management aspects of the organization. Effective documentation of the organization’s financials will allow for more educated and informed decision-making procedures. Adequate fiscal records serve as effective management tool for predicting future success, identify problem areas and to make decisions that will assist in the organization’s overall effectiveness. In addition to significantly changing the inner workings of the organization in the United Kingdom, substantial changes to the organizations image and frontend interfaces may be required to assist with the issue of brand awareness. The organization must become a well-oiled machine internally as well as an aesthetically pleasing entity for potential customers, future investors and for those considering strategic business alliances. Creating a more convivial atmosphere with which your organization would then be associated will give these interested parties a respectable first impression. It is apparent that lacking presentation and unfocused management gives rise to the decrease or stagnation of profitability and employee retention. Changes to policy, organizational image, and infrastructure will not only prove beneficial but may in fact be necessary for the success of the organization and its future viability within the United Kingdom. In addition, there must be changes in customer behavior to increase the probability of the organization’s adoption. The organization needs to appeal to a broader customer base after shifting consumer views of cosmetics to match that of American consumers. Thus, by implementing novel, eye-catching, and feeling invoking imagery or advertisements, people will in turn be more inclined to purchase Mary Kay products. In order to be more successful, I recommend the transformation of current marketing strategies. Implementation of a marketing plan that encompasses the arguably successful word-of-mouth strategy in addition to overt and persistent adverts by way of social media will benefit the organization’s image. Because a constant stream of information pertaining to the actual products will allow the consumer to easily recall the information and develop a need for the product as presented by the advertisement. In addition, there must be a vested interest in appealing to the variety of potential consumers within the United Kingdom. Mary Kay U.K. would be wise to capitalize on United Kingdom’s ever-growing and diverse population, via the translation and representation of the multitude of languages spoken within the target areas of operation. This will allow for a more comfortable customer experience and personalized identification with the Mary Kay brand. Brand Awareness is at an all-time low as target populations fail to recognize the Mary Kay Brand. The organization must increase its visibility in the growing cosmetics market in the United Kingdom. This is possible with improved advertising and re-imagined brand association. Increased brand recognition will assist with declining profits. The proposals presented in this consultancy report, should Mary Kay U.K. opt to adopt them will serve to promote the organization’s business aptitude and increase overall profitability and effectiveness. My hope is that this educated and informed counsel will effectively navigate the organization into a state of increased viability and the optimization and growth of Mary Kay U.K. business operations and clientele. INTRODUCTION This consultancy report will serve to provide the Mary Kay U.K. Ltd. Subsidiary of Mary Kay Cosmetics with informed suggestions to increase the organization’s revenues and improving the day-to-day dealings of the organization from a management perspective. Following extensive research of the organization’s operations, I have prepared a comprehensive examination of the organization in its entirety. This research has been comprised of a thorough analysis of the organization’s fiscal and promotion facets. This report also takes into account the consumer aspect of the organization, and the organization’s image as viewed by the public. In addition, it will serve to demonstrate the manner in which the target audience does or fails to accept this image. Crucial organizational issues have been identified and addressed accordingly, supplemented with recommendations for minimizing or eliminating potentially negative effects. These suggestions may prove insightful for the achievement of further profitability and consumer satisfaction should the organization choose to implement any or all of the changes proposed in this report. The information provided in this report comes via thorough research and analytical dismantling of data and industry trends and its reassembling in the form of a well-formulated business plan. Suggestions provided will seek to address Mary Kay U.K.’s organizational structure, the organization’s inclination to incorporate a corporate social responsibility element, consumer satisfaction, employee turn-over rates, decreasing or non-existent profits, brand recognition and awareness among target consumers and product quality, to name the most imperative of organization’s issues. In all, if implemented, these changes could ensure a significant turnaround for the Mary Kay U.K. entity. Numbers will rise to the status of or potentially rival those of its American contemporary. The organization would hold a strong position before its global competitors and open the door for future business strategic affiliations. The organizational redesign will prove beneficial for Mary Kay’s United Kingdom division as an organization, for the consumers now receiving increased quality services, and for the leveling of the cosmetics industry in the United Kingdom. ANALYSIS OF CLIENT BUSINESS Company Description and History Mary Kay Inc. is one of the largest cosmetics companies in the world to date. Headquartered in Addison, Texas at 16251 Dallas Parkway Addison, TX 75001 in the United States, it has manufacturing plants located in Dallas, Texas, Hangzhou, China and La Chaux-de-Fonds, Switzerland for its European market. Mary Kay Inc. operates as a subsidiary of Mary Kay Holding Corporation. Founded by Mary Kay Ash in 1963 and based on personally established values that guided her everyday life she sought to help women live the life of their dreams. Company values include integrity, honesty and a belief in the Golden Rule; â€Å"Do unto others as you would have them do unto you.† The mission, to assist and provide the vehicle that would allow prospective independent beauty consultants to have their respective dreams come true via the distribution, promotion, and retailing of a handful of products. Mary Kay Inc. identifies itself as a â€Å"Generation Everything† organization, meaning it serves everyone from all walks of life and of all ages. The organization recently posted that its revenues are up to 3 billion due to sales in its 35 + markets globally. All made possible by its 25 million global independent sales force.

Finance Management Essay

In a world without FIs the users of corporate funds in the economy would have to approach directly the household savers of funds in order to satisfy their borrowing needs. This process would be extremely costly because of the up-front information costs faced by potential lenders. Cost inefficiencies would arise with the identification of potential borrowers, the pooling of small savings into loans of sufficient size to finance corporate activities, and the assessment of risk and investment opportunities. Moreover, lenders would have to monitor the activities of borrowers over each loan’s life span. The net result would be an imperfect allocation of resources in an economy. 3. Identify and explain three economic disincentives that probably would dampen the flow of funds between household savers of funds and corporate users of funds in an economic world without financial intermediaries. Investors generally are averse to purchasing securities directly because of (a) monitoring costs, (b) liquidity costs, and (c) price risk. Monitoring the activities of borrowers requires extensive time, expense, and expertise. As a result, households would prefer to leave this activity to others, and by definition, the resulting lack of monitoring would increase the riskiness of investing in corporate debt and equity markets. The long-term nature of corporate equity and debt would likely eliminate at least a portion of those households willing to lend money, as the preference of many for near-cash liquidity would dominate the extra returns which may be available. Third, the price risk of transactions on the secondary markets would increase without the information flows and services generated by high volume. 4. Identify and explain the two functions in which FIs may specialize that enable the smooth flow of funds from household savers to corporate users. FIs serve as conduits between users and savers of funds by providing a brokerage function and by engaging in the asset transformation function. The brokerage function can benefit both savers and users of funds and can vary according to the firm. FIs may provide only transaction services, such as discount brokerages, or they also may offer advisory services which help reduce information costs, such as full-line firms like Merrill Lynch. The asset transformation function is accomplished by issuing their own securities, such as deposits and insurance policies that are more attractive to household savers, and using the proceeds to purchase the primary securities of corporations. Thus, FIs take on the costs associated with the purchase of securities. 5. In what sense are the financial claims of FIs considered secondary securities, while the financial claims of commercial corporations are considered primary securities? How does the transformation process, or intermediation, reduce the risk, or economic disincentives, to the savers? The funds raised by the financial claims issued by commercial corporations are used to invest in real assets. These financial claims, which are considered primary securities, are purchased by FIs whose financial claims therefore are considered secondary securities. Savers who invest in the financial claims of FIs are indirectly investing in the primary securities of commercial corporations. However, the information gathering and evaluation expenses, monitoring expenses, liquidity costs, and price risk of placing the investments directly with the commercial corporation are reduced because of the efficiencies of the FI. 6. Explain how financial institutions act as delegated monitors. What secondary benefits often accrue to the entire financial system because of this monitoring process? By putting excess funds into financial institutions, individual investors give to the FIs the responsibility of deciding who should receive the money and of ensuring that the money is utilized properly by the borrower. In this sense the depositors have delegated the FI to act as a monitor on their behalf. The FI can collect information more efficiently than individual investors. Further, the FI can utilize this information to create new products, such as commercial loans, that continually update the information pool. This more frequent monitoring process sends important informational signals to other participants in the market, a process that reduces information imperfection and asymmetry between the ultimate sources and users of funds in the economy. 7. What are five general areas of FI specialness that are caused by providing various services to sectors of the economy? First, FIs collect and process information more efficiently than individual savers. Second, FIs provide secondary claims to household savers which often have better liquidity characteristics than primary securities such as quities and bonds. Third, by diversifying the asset base FIs provide secondary securities with lower price-risk conditions than primary securities. Fourth, FIs provide economies of scale in transaction costs because assets are purchased in larger amounts. Finally, FIs provide maturity intermediation to the economy which allows the introduction of additional types of investment contracts, such as mortgage loans, that are financed with short-term deposits. 8. How do FIs solve the information and related agency costs when household savers invest directly in securities issued by corporations? What are agency costs? Agency costs occur when owners or managers take actions that are not in the best interests of the equity investor or lender. These costs typically result from the failure to adequately monitor the activities of the borrower. If no other lender performs these tasks, the lender is subject to agency costs as the firm may not satisfy the covenants in the lending agreement. Because the FI invests the funds of many small savers, the FI has a greater incentive to collect information and monitor the activities of the borrower. 9. What often is the benefit to the lenders, borrowers, and financial markets in general of the solution to the information problem provided by the large financial institutions? One benefit to the solution process is the development of new secondary securities that allow even further improvements in the monitoring process. An example is the bank loan that is renewed more quickly than long-term debt. The renewal process updates the financial and operating information of the firm more frequently, thereby reducing the need for restrictive bond covenants that may be difficult and costly to implement. 10. How do FIs alleviate the problem of liquidity risk faced by investors who wish to invest in the securities of corporations? Liquidity risk occurs when savers are not able to sell their securities on demand. Commercial banks, for example, offer deposits that can be withdrawn at any time. Yet the banks make long-term loans or invest in illiquid assets because they are able to diversify their portfolios and better monitor the performance of firms that have borrowed or issued securities. Thus individual investors are able to realize the benefits of investing in primary assets without accepting the liquidity risk of direct investment. 1. How do financial institutions help individual savers diversify their portfolio risks? Which type of financial institution is best able to achieve this goal? Money placed in any financial institution will result in a claim on a more diversified portfolio. Banks lend money to many different types of corporate, consumer, and government customers, and insuran ce companies have investments in many different types of assets. Investment in a mutual fund may generate the greatest diversification benefit because of the fund’s investment in a wide array of stocks and fixed income securities. 2. How can financial institutions invest in high-risk assets with funding provided by low-risk liabilities from savers? Diversification of risk occurs with investments in assets that are not perfectly positively correlated. One result of extensive diversification is that the average risk of the asset base of an FI will be less than the average risk of the individual assets in which it has invested. Thus individual investors realize some of the returns of high-risk assets without accepting the corresponding risk characteristics. 13. How can individual savers use financial institutions to reduce the transaction costs of investing in financial assets? By pooling the assets of many small investors, FIs can gain economies of scale in transaction costs. This benefit occurs whether the FI is lending to a corporate or retail customer, or purchasing assets in the money and capital markets. In either case, operating activities that are designed to deal in large volumes typically are more efficient than those activities designed for small volumes. 14. What is maturity intermediation? What are some of the ways in which the risks of maturity intermediation are managed by financial intermediaries? If net borrowers and net lenders have different optimal time horizons, FIs can service both sectors by matching their asset and liability maturities through on- and off-balance sheet hedging activities and flexible access to the financial markets. For example, the FI can offer the relatively short-term liabilities desired by households and also satisfy the demand for long-term loans such as home mortgages. By investing in a portfolio of long-and short-term assets that have variable- and fixed-rate components, the FI can reduce maturity risk exposure by utilizing liabilities that have similar variable- and fixed-rate characteristics, or by using futures, options, swaps, and other derivative products. 15. What are five areas of institution-specific FI specialness, and which types of institutions are most likely to be the service providers? First, commercial banks and other depository institutions are key players for the transmission of monetary policy from the central bank to the rest of the economy. Second, specific FIs often are identified as the major source of finance for certain sectors of the economy. For example, S;Ls and savings banks traditionally serve the credit needs of the residential real estate market. Third, life insurance and pension funds commonly are encouraged to provide mechanisms to transfer wealth across generations. Fourth, depository institutions efficiently provide payment services to benefit the economy. Finally, mutual funds provide denomination intermediation by allowing small investors to purchase pieces of assets with large minimum sizes such as negotiable CDs and commercial paper issues. 6. How do depository institutions such as commercial banks assist in the implementation and transmission of monetary policy? The Federal Reserve Board can involve directly the commercial banks in the implementation of monetary policy through changes in the reserve requirements and the discount rate. The open market sale and purchase of Treasury securities by the Fe d involves the banks in the implementation of monetary policy in a less direct manner. 17. What is meant by credit allocation regulation? What social benefit is this type of regulation intended to provide? Credit allocation regulation refers to the requirement faced by FIs to lend to certain sectors of the economy, which are considered to be socially important. These may include housing and farming. Presumably the provision of credit to make houses more affordable or farms more viable leads to a more stable and productive society. 18. Which intermediaries best fulfill the intergenerational wealth transfer function? What is this wealth transfer process? Life insurance and pension funds often receive special taxation relief and other subsidies to assist in the transfer of wealth from one generation to another. In effect, the wealth transfer process allows the accumulation of wealth by one generation to be transferred directly to one or more younger generations by establishing life insurance policies and trust provisions in pension plans. Often this wealth transfer process avoids the full marginal tax treatment that a direct payment would incur. 19. What are two of the most important payment services provided by financial institutions? To what extent do these services efficiently provide benefits to the economy? The two most important payment services are check clearing and wire transfer services. Any breakdown in these systems would produce gridlock in the payment system with resulting harmful effects to the economy at both the domestic and potentially the international level. 20. What is denomination intermediation? How do FIs assist in this process? Denomination intermediation is the process whereby small investors are able to purchase pieces of assets that normally are sold only in large denominations. Individual savers often invest small amounts in mutual funds. The mutual funds pool these small amounts and purchase negotiable CDs which can only be sold in minimum increments of $100,000, but which often are sold in million dollar packages. Similarly, commercial paper often is sold only in minimum amounts of $250,000. Therefore small investors can benefit in the returns and low risk which these assets typically offer. 21. What is negative externality? In what ways do the existence of negative externalities justify the extra regulatory attention received by financial institutions? A negative externality refers to the action by one party that has an adverse affect on some third party who is not part of the original transaction. For example, in an industrial setting, smoke from a factory that lowers surrounding property values may be viewed as a negative externality. For financial institutions, one concern is the contagion effect that can arise when the failure of one FI can cast doubt on the solvency of other institutions in that industry. 22. If financial markets operated perfectly and costlessly, would there be a need for financial intermediaries? To a certain extent, financial intermediation exists because of financial market imperfections. If information is available costlessly to all participants, savers would not need intermediaries to act as either their brokers or their delegated monitors. However, if there are social benefits to intermediation, such as the transmission of monetary policy or credit allocation, then FIs would exist even in the absence of financial market imperfections. 23. What is mortgage redlining? Mortgage redlining occurs when a lender specifically defines a geographic area in which it refuses to make any loans. The term arose because of the area often was outlined on a map with a red pencil. 24. Why are FIs among the most regulated sectors in the world? When is net regulatory burden positive? FIs are required to enhance the efficient operation of the economy. Successful financial intermediaries provide sources of financing that fund economic growth opportunity that ultimately raises the overall level of economic activity. Moreover, successful financial intermediaries provide transaction services to the economy that facilitate trade and wealth accumulation. Conversely, distressed FIs create negative externalities for the entire economy. That is, the adverse impact of an FI failure is greater than just the loss to shareholders and other private claimants on the FI’s assets. For example, the local market suffers if an FI fails and other FIs also may be thrown into financial distress by a contagion effect. Therefore, since some of the costs of the failure of an FI are generally borne by society at large, the government intervenes in the management of these institutions to protect society’s interests. This intervention takes the form of regulation. However, the need for regulation to minimize social costs may impose private costs to the firms that would not exist without regulation. This additional private cost is defined as a net regulatory burden. Examples include the cost of holding excess capital and/or excess reserves and the extra costs of providing information. Although they may be socially beneficial, these costs add to private operating costs. To the extent that these additional costs help to avoid negative externalities and to ensure the smooth and efficient operation of the economy, the net regulatory burden is positive. 5. What forms of protection and regulation do regulators of FIs impose to ensure their safety and soundness? Regulators have issued several guidelines to insure the safety and soundness of FIs: a. FIs are required to diversify their assets. For example, banks cannot lend more than 10 percent of their equity to a single borrower. b. FIs are required to maintain minimum amounts of capital to cushion an y unexpected losses. In the case of banks, the Basle standards require a minimum core and supplementary capital of 8 percent of their risk-adjusted assets. c. Regulators have set up guaranty funds such as BIF for commercial banks, SIPC for securities firms, and state guaranty funds for insurance firms to protect individual investors. d. Regulators also engage in periodic monitoring and surveillance, such as on-site examinations, and request periodic information from the FIs. 26. In the transmission of monetary policy, what is the difference between inside money and outside money? How does the Federal Reserve Board try to control the amount of inside money? How can this regulatory position create a cost for the depository financial institutions? Outside money is that part of the money supply directly produced and controlled by the Fed, for example, coins and currency. Inside money refers to bank deposits not directly controlled by the Fed. The Fed can influence this amount of money by reserve requirement and discount rate policies. In cases where the level of required reserves exceeds the level considered optimal by the FI, the inability to use the excess reserves to generate revenue may be considered a tax or cost of providing intermediation. 27. What are some examples of credit allocation regulation? How can this attempt to create social benefits create costs to the private institution? The qualified thrift lender test (QTL) requires thrifts to hold 65 percent of their assets in residential mortgage-related assets to retain the thrift charter. Some states have enacted usury laws that place maximum restrictions on the interest rates that can be charged on mortgages and/or consumer loans. These types of restrictions often create additional operating costs to the FI and almost certainly reduce the amount of profit that could be realized without such regulation. 8. What is the purpose of the Home Mortgage Disclosure Act? What are the social benefits desired from the legislation? How does the implementation of this legislation create a net regulatory burden on financial institutions? The HMDA was passed by Congress to prevent discrimination in mortgage lending. The social benefit is to ensure that everyone who qualifies financially is provided the opportunity to purchase a house shoul d they so desire. The regulatory burden has been to require a written statement indicating the reasons why credit was or was not granted. Since 1990, the federal regulators have examined millions of mortgage transactions from more than 7,700 institutions each calendar quarter. 29. What legislation has been passed specifically to protect investors who use investment banks directly or indirectly to purchase securities? Give some examples of the types of abuses for which protection is provided. The Securities Acts of 1933 and 1934 and the Investment Company Act of 1940 were passed by Congress to protect investors against possible abuses such as insider trading, lack of disclosure, outright malfeasance, and breach of fiduciary responsibilities. 30. How do regulations regarding barriers to entry and the scope of permitted activities affect the charter value of financial institutions? The profitability of existing firms will be increased as the direct and indirect costs of establishing competition increase. Direct costs include the actual physical and financial costs of establishing a business. In the case of FIs, the financial costs include raising the necessary minimum capital to receive a charter. Indirect costs include permission from regulatory authorities to receive a charter. Again in the case of FIs this cost involves acceptable leadership to the regulators. As these barriers to entry are stronger, the charter value for existing firms will be higher. 31. What reasons have been given for the growth of investment companies at the expense of â€Å"traditional† banks and insurance companies? The recent growth of investment companies can be attributed to two major factors: a. Investors have demanded increased access to direct securities markets. Investment companies and pension funds allow investors to take positions in direct securities markets while still obtaining the risk diversification, monitoring, and transactional efficiency benefits of financial intermediation. Some experts would argue that this growth is the result of increased sophistication on the part of investors; others would argue that the ability to use these markets has caused the increased investor awareness. The growth in these assets is inarguable. b. Recent episodes of financial distress in both the banking and insurance industries have led to an increase in regulation and governmental oversight, thereby increasing the net regulatory burden of â€Å"traditional† companies. As such, the costs of intermediation have increased, which increases the cost of providing services to customers. 2. What are some of the methods which banking organizations have employed to reduce the net regulatory burden? What has been the effect on profitability? Through regulatory changes, FIs have begun changing the mix of business products offered to individual users and providers of funds. For example, banks have acquired mutual funds, have expanded their asset and pension fund management busin esses, and have increased the security underwriting activities. In addition, legislation that allows banks to establish branches anywhere in the United States has caused a wave of mergers. As the size of banks has grown, an expansion of possible product offerings has created the potential for lower service costs. Finally, the emphasis in recent years has been on products that generate increases in fee income, and the entire banking industry has benefited from increased profitability in recent years. 33. What characteristics of financial products are necessary for financial markets to become efficient alternatives to financial intermediaries? Can you give some examples of the commoditization of products which were previously the sole property of financial institutions? Financial markets can replace FIs in the delivery of products that (1) have standardized terms, (2) serve a large number of customers, and (3) are sufficiently understood for investors to be comfortable in assessing their prices. When these three characteristics are met, the products often can be treated as commodities. One example of this process is the migration of over-the-counter options to the publicly traded option markets as trading volume grows and trading terms become standardized. 34. In what way has Regulation 144A of the Securities and Exchange Commission provided an incentive to the process of financial disintermediation?

The Incorporation of Western Faming and Technology in India Essay

The Incorporation of Western Faming and Technology in India - Essay Example This paper illustrates that even though, other Israelite Agricultural technological companies have made entry into India to provide support in the farming of horticultural crops; they have only limited their services to Haryana and Maharashtra. Examining the current situation in India, most locations and farmers remain unaware of the current procedures and technology in agriculture practice. As such, Vickens Inc. targets to sell its product and services to the geographic, demographic, psychographic and behavioral segments of the market. The entire market segments shall benefit from the newly improved agricultural technological solutions provided by the company. The main reason besides the establishment of this new business is to fill the market niche that exists in the Indian Agricultural sector. Gallagher notes that while the country is agriculturally driven the use of new and current technology has been limited. Most farmers in the country still adopt the traditional methods of far ming that yields very little output to the farmers. The mission of Vickens Inc. is to provide the farmers with most current agricultural procedures and technology to increase productions of crops and generate increased revenues in return. This will be achieved through enhancing an eco-friendly environment that does not affect the lives of individuals. With the e-Choupal initiative in India, a lot of information is available to the country’s farmers about the use of new technology in farming. Ideally, this forms a wider customer base for the Vickens Company products and service. The Company targets to sell its products to all the four market segments as proposed by Kerin. In the geographic division, the organization aims to reach all the farmers within the Indian agricultural potential zones.

The yellow wall paper Essay Example | Topics and Well Written Essays - 500 words

The yellow wall paper - Essay Example She becomes obsessed with the rooms revolting yellow wallpaper. Throughout the general summary as well as the chapter explanations, the narrator suffered from temporary nervous depression. Out of this, the husband orders her to take a rest on what actually the narrator describes as the haunted house. For the sake of the two of them to stay there, the woman gives in despite her feeling uncomfortable. To wrap up the significance of the title, the yellow house built of yellow bricks (Gilman and Jean 50). The story has a variety of characters that help develop the story line. First, there is the narrator. Through the eyes of the omniscient narrator, who is the protagonist, her know it all helps the reader to unveil the rather knit up the story of the woman with complications and the ordeals of the family as well as the neighbors. She is imaginative and creative person as she lives to tell of the society’s view of women’s artistic skills and intellect as an anomaly, as misfits and ill as shown through the story. John is the other character, the narrator’s husband, who happens to be a physician. He totally differs on his wife’s intellect for his chauvinistic stance only propels him to believe what he can only see and touch. For example, his own creation of hypochondriac, as the disease for his woman tells it all. His busy schedule is what ignites her wife to stay alone and choose to write, an obsessive ritual centered on the yellow paper in their room (77). Jennie, John’s sister serves as the house help. Her duty also involve to check up the overgrowing zealous of John’s wife in writing. Her brother’s belief of a concrete view of the world binds her. The other main character is Weir Mitchell, the doctor who engineered the rest cure for John’s wife. These characters are real personnel’s as the author deviates from using fiction characters. The setting reflects the era when

Statistics of worker fatalities Case Study Example | Topics and Well Written Essays - 750 words

Statistics of worker fatalities - Case Study Example Henceforth, the discussion will concentrate on the importance of the training of the newly hired fleet vehicle drivers along with providing a detail towards the measurement of success in the case of Abbott Laboratories in relation to its fleet security program. Discussion Training for only the New Hires, or the Entire Fleet of Drivers It can be recommended that the training in relation to fleet security program may be provided especially for the new hires owing to the fact that the newly hired fleet vehicle drivers are at higher risks of crash in comparison with the experienced drivers. Apparently, there lie various decisive reasons behind the wheel training with major emphasis on the new hires of the company. In this regard, it can be stated that the new hires of the companies are not quite likely to be adequately familiarized with various components in relation to their jobs that include new policies of the company, products, territories, customers along with the vehicle safety. In this respect, due to their inadequate knowledge concerning the aforementioned crucial aspects, the new hires of the companies are often viewed to be neglecting the road safety aspect to an extent, which ultimately results in vehicle crashes. Moreover, the new hires are usually keen to perform better in order to develop themselves competitively by demonstrating job related capabilities or skills. As a result, they drive their vehicles incautiously on the road with higher speed that frequently results in vehicle crashes. Due to these particular reasons, it is quite necessary to provide basic training program about the fleet security, especially to the new hires of different companies. Measurement of Success In relation to the case study, it can be stated that the success was adequately measured in terms of the statistical data presented. The statistical data in the case study revealed that about 80 percent of the fatalities as well as most of the injuries of the working personnel ult imately results due to the occurrences of crashes, especially in the case of fleet vehicles. Various data supported that particularly the new hires are statistically recognized to be at a higher risk to fleet vehicle crashes in comparison with the tenured employees at their initial period of 18 months of employment. Moreover, about 60 percent of the sales representatives associated with the pharmaceutical companies have been learnt to get involved in a crash during their first five years on the job. However, these measurements can be considered as lagging indicators that follow a particular event or an activity that include the rate of injuries or accidents (University of Windsor, 2007). This can be supported with due consideration to the fact that the statistical data were collected after the occurrence of the worker fatalities caused by fleet vehicle crashes. Commitment of the Management of Abbott Laboratories It would not be wrong to state that the commitment made by the manageme nt of Abbott Laboratories was quite apparent in this particular case study. For instance, Joe worked upon improving the fleet security in one of the divisions within the company targeting the new hires to provide the training facility in relation to fleet driving security program. Joe also hypothesized that there persists a higher degree of risk concerning the new hires, as they tend to be unfamiliar with several job components that include various company policies and have the eagerness to perform well within a short span of time which deliberates their actions to over-schedule and rush, eventually leading to crashes. In relation to the commitment made by the management of the company, Joe further developed an hour long program of training for the new hires which emphasized upon the basics

Aesthetic of the Maqbool Movie Essay Example | Topics and Well Written Essays - 750 words

Aesthetic of the Maqbool Movie - Essay Example Arjun Appadurai on giving his opinion about Maqbool said that the notion of the nation-state is on the edge of disappearing; however, its maintenance is based on certain ethical and political dimensions. It is because of the permeability of borders that the idea of national cinema is being questioned as the borders are being pushed and broadened. The major difference found in the Hollywood and Bollywood movies belonging to the same genre as Maqbool is the incorporation of music and background scores. For example, thriller movies like Maqbool, All about my mother, Black Orpheus etc. in Hollywood incorporate the background scores in order to provide more depth to the storyline. There are no thriller-drama Hollywood movies where songs can be found in the background. However, in Bollywood movies, there is a significant place for songs as they are used to define some intense and important scenes of the movie. The function of a song in the Hollywood movies is just to define the complexity of the scene, whereas its function in Bollywood movie may include defining the importance of a scene. Few songs that are used in Movie Maqbool define the infatuations between the movies lead character (Rastogi). The Bollywood film industry has always cherished the spirit of love in their movies. Most of the Bollywood movies irrespective of their genre incorporate love and romance. However, this is not always the case of Hollywood movie. The thriller dramas of Hollywood most of the time do not incorporate love story just to cater to some specific type of audience. The Hollywood thrillers usually revolve around a strong storyline following the authenticity of the original script, rather than focusing on the audience by including the elements of love and romance. In Bollywood movies, the love and romance constitute a significant part.

Constitutional law Essay Example | Topics and Well Written Essays - 2000 words - 1

Constitutional law - Essay Example The powers of the government should be controlled in order to ensure that its exercise of such powers does not cause destruction of the values it intended to uphold.4 According to the rule of law, an individual can only be punished in case of breach of the law.5 "Everyone is equal before the law and no one is above the law."6 It is the responsibility of the court to provide a remedy for any breach of an individual right. â€Å"The wider concept of rule of law fits with the idea of a codified constitution articulating a form of ‘higher law;’ or a set of shared community values which the people adopting the constitution wish to promote and protect, and against which they wish all other legislation to be measured.†7 The uncodified UK law does not provide these differences, but it affirms to that the government is subject to the law and so it is under the control of the courts.8 Therefore, the court themselves must be free of government’s influence in order to control the government effectively. In order to avoid concentration of too much power to a single body there should be separation of powers between the three governme nt institutions for effective application of law as established in various constitutions recognizing various government institutions.9 The constitutional theorists have recognized the role of government in the society by expressing their determination to put the government under control and establish a limit on how the government exercises its constitutional powers.10 The doctrine of separation of powers remains the main guiding principle for the proper organization of government.11 However, as suggested by the Montesquieu model of separation of power the theory of separation of powers has not been fully implemented. His model suggests partial separation of persons and functions of various branches of the government.12 The UK constitution has

Research paper_Literature Review Paper Example | Topics and Well Written Essays - 1250 words

Paper_Literature Review - Research Paper Example In giving statistics in support of these facts, Andrade and Evans (2009) discussed that the incoming international students and their guardians or parents contribute up to about USD 14.5 billion every year, towards supporting their living expenses during their stay. One benefit drawn from the inflow of Chinese learners into Canada, which cannot be overlooked, is the fact that they increase cultural diversity at the learning facility and in the classes, which adds value to education and enriches the academic environment (Olivia and Lee, 2006). Yoon and Portman (2004) noted that, despite the wide variety of facts on the advantages that they bring into Canada, Chinese students, like other international learners may face strains during their adjustment within the social fabric and the host environment. These strains emanate from language constraints, cultural differences and social behaviors. Despite the fact that a lot of information is available on the adjustment crisis facing this gro up, Olivia and Lee (2006) note that there is a need to integrate the statistics and the findings. For this reason, this literature review will explore the adjustment issues of these students, exposing the costs and the benefits of international learning at Canada; lastly, future inferences will be developed to demonstrate the outcomes of international learning. ... Unlike social cultural adjustment, which refers to the ability of the learners to fit into the Canadian culture, psychological adjustment will cover emotional well-being also. Andrade and Evans (2009, p. 2) discuss that the Chinese learners at Canadian schools and campuses do not face problems that are unique to them; they also experience the problems experienced by Canadian students. However, Ward et al. (2008, p. 35) noted that, in addition to the problems experienced by their Canadian counterparts, they will also suffer from unique problems that could be traced to cultural differences, potential prejudices and language difficulties among others. For that reason, exploring the adjustment needs of Chinese students in Canada and the world at large can increase the information to facilitate student decision making and can improve the acculturation of the different students groups. Berry (1980) notes that, starting from the 1980s; research studies were commonly focused around the accul turation of international students and acculturative-related stresses, where focus was direction was directed towards the coping approaches adopted by international learners. The studies also entailed reviewing the experiences in adjusting to the different society, from a social point of view (Ward et al., 2008, p. 146). The change shows that there has been a change from viewing Chinese among other international student groups from a clinical to a development-related outlook. For these different reasons, irrespective of the expanding knowledge in the area, the need to synthesize and merge the inferences, as a way of further illuminating the available knowledge is necessary. Kwon, Y. (2009) and Swagler and

Foreman (1991) states that we must change our personal life-styles to Coursework

Foreman (1991) states that we must change our personal life-styles to make them more harmonious with natural diversity. Discuss to what extent humans are able to do this - Coursework Example Although this knowledge has been passed through generations in form of art, ceremonies, dances, stories and direct instructions, the indigenous practices to preservation of natural diversity have faded immensely due to globalization, industrialization and colonization. Today, the knowledge has been incorporated in formal education in subjects such as social studies, geography and science. Furthermore, there are many documentaries advocating for the harmonious co-existence between humanity and the natural environment by imploring on the human beings to make lifestyle changes to accommodate the natural thriving of the ecosystem. Foreman’s defines of protection of the ecosystem advocates for the principle of self-realization that one is part of the natural ecosystem. In this case, defending the land and protecting natural diversity is equivalent to protecting human life and the future generation. In support of this, he illustrates that, â€Å"when we fully identify with a wild place, then, monkey wrenching becomes self-defence, which is a fundamental right† (Foreman, 140). Destruction of the earth and disturbance of the ecosystem is taken as an insult. Edward Abbey, in the prologue to Foreman’s Ecodefence, compares the destruction of natural diversity with a situation of burglary. In the event of the burglary, â€Å"the householder has both the right and obligation to defend himself, his family and his property by whatever means are necessary. This right and this obligation is universally recognized, justified, and even praised by all civilized human communities.†(Abbey, 3). By co ncurring the argument posited by Abbey, it is an acknowledgement that when earth, which is our land and our home, faces destructive threats, then it is out obligation and our right to guard it by application of all means that are effective. As such, this study seeks to explore the extent

Housing Department at Murray State University Research Paper

Housing Department at Murray State University - Research Paper Example The university is the only public university in Kentucky with a population of 10,600 students. The campus has housing department that comprises of administrative and residential halls. New buildings are being put up to replace the old residential hall. The following are residential halls at Hurray University housing department; Clark hall, Elizabeth hall, Franklin hall, Hart hall, Hester hall, Regents hall, white hall and Richmond hall. Murray state university has a residential section that is not only where the student will live but will also be where the student will be involved in various aspects of their life in the campus. They will be involved in such activities as intramural sports, traditions and other various activities enjoyed. The main aim of housing department is to ensure secure, well priced and maintained residence for Murray University. The residential halls provide services to college students and the faculty. The halls are usually supervised and the staff trained on how to maintain the halls. The residential halls have greatly assisted students in personal growth, involving themselves in activities, improved interaction between residential, faculty and students, and ensured academic success. The objective of the housing department is to provide a good and safe student accommodation, improved and well maintained social facilities. The residential facilities are enjoyed by both graduates and undergraduates students at a reasonable fee. The accommodation caters for students with children. The purpose of housing department is to provide music and sports facilities to the faculty, students and supporting staff so as to encourage social status among all. The main objective of the project is to avoid congestion of students in their residential halls. The housing department has increased the number of halls to curb this situation. The other objectives of this department are to ensure improvement of the student accommodation facilities, expansion and gr owth of residential areas, development and progress of the department (Housing & Residence Life Mission Statement, N/D). This will involve maintenance and renovation of the current building infrastructure and possibly erection of new buildings in order to avoid congestion. Budget Justification Agency Name: Proposal Name: Budget Proposal for Fiscal Year 2012-2013 Submitted By: Date: November 26, 2011 Cost: Year Total General fund Federal Fund State Funds Other 2010-2011 $ 141,529,822 $ 51,805,500 0 0 $89,724,322 2011-2012 $ 147,647,946 $ 50,295,400 0 0 $97,352,546 2012-2013 $ 153,722,524 $55,226,358 0 0 $98,496,166 Introduction Summary: The murray state university housing department offers an affordable. and secure residence area for the students. It also provides a place where students will be involved in various aspects of their life. They will be involved in such activities as intramural sports, traditions and other activities. Statement of Need: The changes in the budget have bee n reflected as there are a number of buildings that will be erected in order to accommodate more students. The proposed budget has major changes where some field have increased quotation than previous years while some have a decreased quotation. For instance, in housing auxiliaries there is a rise in the quotation. This is an estimation of the expected rise as noticed in previous years. There was a previous increase of 1.7% therefore if we match the same increase the new figure will be 11,217,466. This will be also applicable in housing fee that had an increase of 0.2%. Housing custodial recorded a previous increase of 5.7%. Housing maintenance has increased in the 2012-2013 budget proposals as there are plans to erect new buildings thus there will be increased costs.

Combating Compassion Fatigue Essay Example for Free

Combating Compassion Fatigue Essay The nursing profession is a complex field that can challenge you mentally, physically, emotionally, and spiritually. People who go into the field of nursing have daily interacts with patients’ and families in need of medical help and guidance. Nurses face numerous challenges on a daily basis and must be able to handle not only their patients’ issues, but remain strong and healthy to avoid compassion fatigue and burnout. Compassion fatigue is defined as emotional, spiritual, and physical exhaustion resulting from â€Å"witnessing and absorbing the problems and suffering of others† (Wisniewski, 2013). Compassion fatigue can lead to burnout with one’s professional career and affect home life. Caregivers can also be affected by compassion fatigue and burnout from the roles that they play with their loved ones. It is vital to be able to identify the warning signs of compassion fatigue and burnout. This is a battle that can be â€Å"fought with a commitment to personal health and well-being† (Chapman, 2007). Health care professionals and caregivers need to be able to find a balance and maintain health in their own spiritual, physical, mental, and emotional lives to assist patient’s to optimal care. Strategies on stress management, healthy lifestyle choices, and resources available will be discussed to help prevent and manage these issues. â€Å"Nurses are the backbone of the medical system and act as the first line of patient medical care† (Chen et al., 2009). Dealing and coping with stress is vital for nurses to maintain to provide adequate care. Compassion fatigue is a feeling of hopelessness and a loss in the sense of meaning in one’s life. Symptoms can be â€Å"strong feelings of anxiety, difficulty concentrating, being jumpy or easily startled, irritability, difficulty sleeping, excessive emotional numbing, and intrusive images of another’s traumatic material† (Portnoy, 2011). These symptoms need to be recognized to receive help or they can progres s to long-term effects and  complications. There are five concepts of compassion fatigue that need to be addressed to help with prevention and burnout. The first concept is cognitive; symptoms can be apathy, disorientation, trouble concentration, and harshness. The second concept is emotional; signs can be anxiety, fear, helplessness, feelings of powerlessness, depression, having bad dreams, and shock. The third concept is behavioral which can be lack of sleep, moody, change in appetite, withdrawn, and repeatedly having bad dreams. The fourth concept is spiritual. This area can lead the individual to question their role in life and their profession, feelings of being lost, and questioning faith and personal beliefs. The last concept is somatic, meaning affecting one’s voluntary nervous system. This can cause rapid heartbeats, trouble breathing, headaches, aches and pains, trouble staying or falling asleep, and sweating (Portnoy, 2011). There are numerous factors that can lead up to and cause compassion fatigue. Triggers can be issues with management such as nursing acuity, patient to nurse ratios, overworked nurses, personal issues, lack of support from coworkers or bosses, and loss of the feeling that the nurse is making a difference. To combat these factors in nurses and other employees in health care, managers and organizations need to be aware of this dynamic issue and offer help (Portnoy, 2011). Creating an open environment along with education and training on how to deal with these complex issues is the first step to addressing compassion fatigue within the workplace. Group meetings within the workplace will offer the nurses a chance to share their thoughts and feelings, realizing that they are not alone. Building bonds with coworkers and sharing patient experiences will help to encourage positive healthy habits. Self-care is vital for nurses to maintain to keep life in balance and to adequately take proper care of our patients. Everybody has stress, learning how to deal with it is the key to happiness and a healthy well-being. Nurses are constantly educating our patient’s on lifestyle changes needed to maintain health such as a proper diet, exercise, and a strong support system. We in turn need to practice what we preach and maintain our health to be at our best to help our patients achieve their best. Burnout and compassion fatigue are sometimes talked about as one, but there are differences. Burnout is â€Å"state of emotional, mental, and physical exhaustion caused by excessive and prolonged stress† (Preventing Burnout, n.d.). Signs of burnout can be depression or  detachment, emotions are rigid, loss of hope and motivation, and a feeling of not worthy of living. Burnout can be caused by lifestyles or work-related issues. Working in an environment that you feel like you have no control or lack of resources can lead to burnout. Self-care is needed to maintain positive outlets to express one’s stress to avoid burnout in one’s personal life. There are physical, emotional, and behavioral signs of burnout. Physical signs are feelings of being tired all the time, being sick a lot, change in sleeping habits, body aches, and frequent headaches. Emotional signs can be loss of motivation, feelings of helplessness, feelings of detachment, sense of doubt, and an increased negative outlook in life. Behavioral signs can be isolation from others, avoidance of responsibilities, drug or alcohol abuse, missing work, and anger directed at others (Preventing Burnout, n.d.). There are several ways to help prevent burnout. Learning how to manage stress and adopting a positive healthy eating, sleeping, and exercising habits are good examples to start with. It is important to know when you need help and that it is available. Burnout can lead to compassion fatigue within your professional career. Nurses who are tired, overworked, and stress out over time without help can suffer from burnout and in turn fall into compassion fatigue. Nurses need compassion to help guide patients in their medical situations, if the nurse is stressed out and needing help herself then how can she guide the patient? Burnout can be healed, addressing the issues and finding â€Å"your balance by reassessing priorities, making time for yourself, and seeking support† (Preventing Burnout, n.d.). There is a three â€Å"R† approach when dealing with burnout; recognize, reverse, and resilience. Recognition of burnout, reversal of the damage caused from stress, and building resilience to deal with the stress by taking care of one’s emotional, mental, physical, and spiritual health. Identification is one step into addressing compassion fatigue and burnout. One can recover from burnout. There are three strategies that one should remain mindful of, slow down, get support, and reevaluate your goals and priorities (Preventing Burnout, n.d.). When dealing with job burnout there are a few options that you can do to improve the circumstances. Taking time off, asking for a new assignment, speaking with management about issues, and clarifying your job duties are a few suggestions to start with. Caregiver burnout can happen to anyone at any  given time. The roles of caregivers are equally important like that of nursing. Caregivers are responsible for the direct care of a loved one and can experience compassion fatigue as well as burnout. Being involved with a loved one’s care can cause physical, mental, emotional, and spiritual distress. The health of the caregivers is important for the success of the one who is receiving the care. Promoting policies and interventions that will help the caregivers to avoid emotional exhaustion is the goal. Caregivers need to remain aware of their needs and beliefs and know when to ask for help should they need it. Education is the start to helping patients, families, and caregivers; talking about compassion fatigue and burnout allows people to see that they are not alone and that help is available. There are numerous resources available to assist those seeking help such as The Gift from Within organization that specializes in helping people deal with trauma and stress. There is also a Compassion Fatigue organization that aims at educating people on how important self-care is and how vital it is to know the signs and symptoms (Portnoy, 2011). In conclusion, compassion fatigue is the loss of self and burnout is the emotional exhaustion that one can feel. Nurses and health care professionals are at higher risks of having these issues come up; however caregivers can suffer from these issues just as easily. The goal to combating these topics is to bring awareness to them and to continue educating people on the ways to handle them. Sometimes asking for help is hard, but it is the first step in the right direction to becoming a healthy well-being who can handle stress. Seeking guidance from professionals will benefit the person in distress as well as their families. To be emotionally, physically, mentally, and spiritually sound one must take care of themselves in all aspects of life. One must have compassionate caring, empathic boundaries, self-awareness, spirituality and hope, and self-forgiveness to succeed in life (Bush, 2009). References Bush, N. (2009). Compassion fatigue: are you at risk? Oncology Nursing Forum, 36(1), 24-28. doi:10.1188/09.ONF.24-28 Chapman, E. (2007). Radical loving care: Building the healing hospital in America. Nashville, TN: Vaughn Printing Chen, C., Lin, C., Wang, S., Hou, T. (2009). A study of job stress, stress coping strategies, and job satisfaction for nurses working in middle-level hospital operating rooms. Journal Of Nursing Research (Taiwan Nurses Association), 17(3), 199-211. doi:10.1097/JNR.0b013e3181b2557b Portnoy, D. (2011). Burnout and Compassion Fatigue Watch for the Signs. Journal of the Catholic Health Association of the United States, 47-51. Retrieved January 20, 2015, from http://www.compassionfatigue.org/pages/healthprogress.pdf Preventing Burnout. (n.d.). Retrieved January 20, 2015, from http://www.helpguide.org/articles/stress/preventing-burnout.htm Wisniewski, L. (2013, February 5). What is Nursing Stress, Burnout, or Compassion Fatigue? Retrieved January 20, 2015, from http://www.nursetogether.com/what-is-nursing-stress-burnout-or-compassion-fatigue

English Literature Essays Witchcraft Goodman Brown

English Literature Essays Witchcraft Goodman Brown Witchcraft Goodman Brown Young Goodman Brown The setting of the story is in the 17th century in Salem, Massachusetts where the center of witchcraft occurred in history. As a backgrounder, during those times, most people believed in witchcraft. The belief originated from Europe where 500,000 people were executed for it between 15th and 17th centuries. Before the outbreak of witchcraft, nearly 300 people had been indicted of witchcraft and more than 30 have been hanged. Both men and women have been jailed and executed those times. Almost everyone who was accused of witchcraft were older women who were likely to be independent and eccentric. This hysteria was believed by historians essential because it was the last time in the history of America that allegations of witchcraft would lead to execution. The experience and its aftershocks also marked the conclusion of Puritan authority in New England. During those times, the leaders of the community of Salem, including those young innocent people like Goodman Brown were easily allured by wicked figures to join cults. The story starts in motion with young Brown leaves his three-month wife, Faith home, and meets a stranger, with a staff resembling a snake, in a forest to join undetermined, but evidently unholy ceremony. It is being discussed in the story that his wife, Faith, wears a hat with pink ribbons on it. Hawthorne explains the character of the wife by the symbol of pink ribbons which entails daintiness, fragility and innocence. He also supports the wife’s vulnerable character when Brown tries to hide the purpose of leaving from his wife with the reason that it might break her fragile heart. At the time of meeting of Brown and the man with a staff, the author also gives a briefing of the stranger’s character. He makes the stranger carry a staff which resembles a snake. It is being associated to the rod thrown by Aaron, a biblical character, before the Pharaoh. It also symbolizes lies and deceit which explains the character of the one who uses it. Hence, the staff of Brown’s companion is being linked to evil. As Brown goes on with the journey with his companion deep in the forest, Hawthorne inserts credibility to the character of the stranger. Credibility so to confuse the readers whether the stranger is good or bad†¦whether he is wicked or not. It sets the mood of confusion when the author explains that the stranger’s looks could be mistaken for a father of Brown. He pictures out that the two resembles each other. The author stops not there for the purpose of confusing the readers more. He also tries to puzzle the readers when the stranger utters to the main character that he once, worked with Brown’s parents which gains the stranger credibility so Brown will be comfortable journeying with him. Hawthorne is successful in building the mysterious character of the stranger. At one point of their journey, the stranger offers his staff to Brown to help the main character on their way to the unexplained ceremony. Brown refuses to take it which could be a symbol of the author that the main character is not fully convinced to wickedness yet. As the two moves on, the story shows that Brown begins to realize that a lot of his townsfolk are traveling towards the ceremony which surprises him particularly when he sees the Deacon, the Minister and the woman who taught him catechism whom he considers models of the Christian community. On that note, the author is leading the readers to think about two things; either those people familiar to Brown are really heading towards the ceremony or the stranger, who plays the devil role to those who Hawthorne isn’t able to confuse, just makes a mere imagination for Brown, but both serves the same purpose, to lure him to the ceremony. The ideas are applicable to the story and Hawthorne uses figures like those people whom Brown looks up to like the Deacon, the Minister and the woman who taught him catechism. Noticing all these, he understands that not everyone, who seems to do good things, shows holiness and preaches the good word is sincere to what they do. This realization makes him want to turn back at some point but for some reason, he decides to proceed. Hawthorne could be showing that the main character’s step to wickedness progresses. At some point of Brown’s journey, he is traveling alone when he sees his wife also heading towards the ceremony. That scene gives him mixed emotions. Excitement captures his being because at one point of his journey, he wanted to just go back to his loving Faith, but disappointment overrules his soul. He is disappointed knowing that his wife is to be initiated at the ceremony. He never imagined that his three-month wife, fragile and loving, whom he tried to protect from his own evil, will be corrupted too. Hawthorne is able to support his description of Brown’s three-month marriage with Faith. Being married to someone for such a short time illustrates that there are lots of things to be discovered from each other. There could be lots of surprises. On that note, Brown understands more that even his wife, whom he trusts so much, who seems to be not capable of doing anything immoral, could be wicked too. The author must also have used the word innocent as a hint that this character could easily be deceived by anyone. As the story goes on, Brown stops for a moment, being in deep pain of the knowledge that his wife will also be at the ceremony. He calls the witches and devils and says â€Å"fear this Brown as he fears you.† Hawthorne makes a terrifyingly great scene here. He adds strong winds, sounds coming not from a single man and shadows waving coming from the trees. He pictures the scene well. And as Brown accepts that his wife is also attending the ceremony, he considers just going on. A scene in the story, when Brown sees a pink ribbon falling from the sky that leads him to losing his Faith in two aspects. Brown still goes on to the ceremony. It was shown by the author by his incredible picture-painting talent that Brown was determined to continue his journey in the woods to the ceremony but dragging his feet at the same time. The actor in the motion picture should be very good at doing this, tag with an excellent director in order to show what the author is trying to picture. A trophy for Hawthorne. During the ceremony, Brown sees a lot of newly converted members. Hawthorne paints a clear picture of the ceremony. A fire-lit place in the deepest of a forest, a rocky altar at the middle where a minister preaches and the converts who are being called to come forth the altar to be anointed by blood to seal their souls with wickedness which complete the ceremony picture. Basing the review of the story in old English language, it doesn’t state there if the couple, Brown and Faith, comes forth the altar together. On the other hand, considering the other versions of the story, in modern English language, it states that Brown, behind the tress, sees his wife approaching the altar for the anointing and sobs to her not to accept the communion and look to the heavens. On that note, Hawthorne’s original masterpiece, not the translated one, is vague. Either it is intentional or he overlooks at it. As per the other critics, Hawthorne is inexperienced and lacks at so many areas as a writer. Some writers call it a â€Å"License†, like a poet’s license. But whatever that is, it should be discussed well. If Hawthorne does it intentionally, it should be supported with explanation, not necessarily through words but a mere correlation to the plot. In this case, Hawthorne is not able to supply the missing information. As the story proceeds to the ceremony, it shows there that Brown is definitely not amazed with what is happening. He sees familiar faces like his neighbors and other not mentioned characters but clearly refer to people who never crossed his innocent young mind could be there. One instance there is he sees a figure who has the likeness of his mom trying to stop him from being one with them. Hawthorne at this part, again, wins a trophy for â€Å"imaginational† effects. If the motion picture of this story follows the concepts of the author, it would be a great success. He uses terms likes â€Å"figures† and â€Å"unclear images† to make his readers understand that those people described as figures are those who have been anointed and became wicked. In the story, it shows that these people are imprisoned by the anointing. They are living but unfree, somebody but dead. Imagine what they look like†¦living-dead beings which make the ceremony scarier. Hawthorne’s description of the scene is very essential to make the ceremony spooky. After the scene at the ceremony, Brown finds himself standing beside a big, cold and damp rock. This surely confused the readers. A teleportation from the ceremony back to the woods. He is thinking if the experience at the ceremony is a dream or a reality. Either of the two, it’s a nightmare. Hawthorne is letting his readers think what really transpired. While I was at the ceremony part, I thought I was at the climax of the story. I realized I was wrong. This is the peak. Hawthorne leaves us a question if it really happened, just like Brown’s question to himself. The next morning, back in Salem, Goodman’s view about his neighbors, the leaders of the Christian community, everyone who seems to practice good conduct and even his wife is attached with skepticism. Did the journey really happen or it was a dram in slumber? The author doesn’t tell us and it doesn’t matter. Brown goes back to Salem a changed man. He is never able to see his neighbors the same way like before, and becomes a sour hermit. He never able to see his wife the same way again and becomes an isolated husband. As per a source, Brown despises these people because he sees that same traits in himself. Like the people in his journey, he questions his own religion. However, he projects his own fears onto those around him. The dream is a manifestation of all of the insecurities he has about himself and the choices he has made in life. However, he is too proud to acknowledge his own faults. His life ends alone and miserable because he was never able to look at himself and realize that what he believed were everyone elses faults were his as well. He is completely isolated from his society. Thus, he begins to become jaded and cynical about the things happening around him. The troubled Goodman lives his life with disbelief, uncertainty and doubt. Brown is a changed man after his journey. Hawthorne demonstrates how he, a Puritan, fails the test of his honest and religious being. Hawthorne uses cold drops from the hanging twig which is not a typical baptism in most Christians because they don’t sprinkle on the head. This means that Brown cannot be a true Christian himself. The beginning of the story represents immaturity, goodness and ever man. Brown is a very religious in nature. Not knowing the hurdles lie ahead, he journey to the dark uncertainly forest. Brown is said to be nave because he went to the evil forest in spite of his wife’s warning of the danger that could be encountered. It demonstrates the prototype of the innocent. He becomes irrational optimistic towards his wife’s cautioning him to go to the forester. The use of symbolism in Young Goodman Brown shows that evil is everywhere, which becomes evident in the conclusion of this story. He feels like his father and grandfather committed great sins. We take a journey with him into the awful forest. There is always an association between forests and evil. As per the other critics of the story, the name Goodman refers to everyone. But actually, it perfectly explains the main character Goodman, who happens to be a good guy but also has tendencies to be enticed by wickedness. The name is also accompanied by the word â€Å"Young† which simply explains the word itself†¦young. In the story, it shows that he, Goodman, tries to turn back a couple of times because of his Faith in two aspects, his wife and faith itself. But realizing that his wife is to be initiated at the ceremony, disappointment lives on his face and resumes to his original plan. With uncertainty and anxiety, he declines to be anointed and looks to the heavens above. This simply clarifies the statement above that he has tendencies to be enticed by wickedness. All men can be drawn to such horrifying acts but can also decline the temptation. This typical form of a biblical story shows Browns efforts in grasping the nature of good and evil. He has his communal society and religious values but those were not enough for him. He went on a journey to search and found the answers from the dark side. He then changed into a pessimistic man from an optimistic one. He was once innocent from the reality, and due to his curiosity, he was faced squarely to it. Brown looked for the nature of good and evil and found the answer. The story shows where the line is drawn between good and evil and who are in danger crossing it. Hawthorne skillfully reveals the shadowy area between Good and Evil, where it is hard to determine if something is good or evil. Through his questioning of one moment in his life, his journey, he begins to question the validity of everything and everyone around him. References Hawthorne, Nathaniel Young Goodman Brown. The modern library of the worlds best books. Charlottesville, VA, University of Virginia Library, 1996. Bloom, Harold. Nathaniel Hawthorne. Modern critical views. New York: Chelsea House, 1986. Hawthorne, Nathaniel, Peter George, and Robert Tinnell. Nathaniel Hawthornes Young Goodman Brown. Princeton, NJ: Films for the Humanities Sciences, 2000. Fox, Donald, William Phelps, and Nathaniel Hawthorne. Young Goodman Brown. Santa Monica, CA: Pyramid Media [distributor], 1990s. Young Goodman Brown. Perfection Learning, 1979.

Production Processes Of Top Glove Company Commerce Essay

Production Processes Of Top Glove Company Commerce Essay One of the successful reasons that TG Company can succeed in their business is because they have a strong and good production process in their latex glove making. They believe that they must have the most modern and advanced glove manufacturing machineries if they wished to be continuing as a world-class cost effective glove manufacturer. They have invested substantially in the machineries that are needed to ensure that they can fully adopt the latest manufacturing techniques for all their production lines. Other than that, they to ensure that they can consistently produce high quality latex gloves are also using a continuous engineering process. Competent and experienced personnel also contribute in smooth production line and consistency in quality of the latex gloves even though they have modern machineries. In addition, an on-line quality control measures have been instituted throughout the manufacturing processes to ensure the highest quality products. The latex is a white, milky liquid that comes from rubber trees, which is either from native or hybrid trees. Mostly, TG gets its latex from buying through the rubber market while the remaining latex is from their own rubber plantation. The latex will be harvested from rubber trees when the trees trunk is swollen and also every day, after the rain has stopped during the rainy season. The latex is a natural product and it will coagulate easily, therefore it needs to be harvests from the rubber trees as soon as possible and then send to TG factory to be manufactured. When the latex is sent to the TG factory, the latex will be manufactured with a standardized method that is set by the company itself. The flow of the production process of latex glove in TG Company is former cleaning, coagulant dipping, drying, latex dipping, leaching, beading, vulcanizing, post leaching, slurry dipping, stripping, tumbling, and quality control. Former Cleaning Before the latex can be process to the coagulant dipping process into hand-shaped, the glove formers need to be cleaned before it can be used to form hand-shaped latex gloves. A quality production of exam gloves includes the environment of latex glove factory is clean. This also means glove formers must be cleaned to ensure there is no dirt or debris anywhere because it will affect the final product to possibly have defects like holes. Firstly, glove former must be dipping into an acid bath and then rinse with clean water. Secondly, an alkaline bath is used by dipping the glove formers in them to neutralize the acid and again rinsed in clean water. Lastly, an important step that is the glove formers are brushed to ensure the surface of the glove formers is consistent and eliminate pinholes on the latex gloves after it form. TG factory have multiple production lines that produce batches of disposable gloves. If there is any dirt or debris on the glove former, it can result in the manufacturer being forced to trash the entire batch of latex gloves. This reason shows the importance of glove formers that must be regularly inspected and cleaned before the molds are dipped into coagulant tanks. Coagulant Dipping After the glove former is cleaned, it will be coated with coagulant (eg. calcium nitrate) and be dipped into the coagulant bath to help the latex mixture adhere to the formers and to help ensure the latex is distributed evenly. The glove formers are dipped into the coagulant tank under TG workers control to extract the protein from the previous glove dipping and this dipping is done once for every production cycle. Drying Drying is one of the stations in production process of latex gloves manufacturing whereby the coagulant converts the liquid latex film into a wet-gel on the glove formers and will eventually travel through a series of ovens to dry the gloves and end the coagulation process. In brief, it is a process of drying the gloves from wet to readymade gloves. Latex Dipping Latex dipping is one of the stations in the production process of latex gloves manufacturing and the tank is filled with compounded latex. A latex layer will be formed on the glove former after it goes through this tank. The thickness of the latex glove is determined at the coagulating and dipping stage. The longer the time the glove former travels in the coagulant tank, the thicker the latex gloves will be formed. TG Company will ensure that the latex gloves that produce is high quality and safe to be use. Leaching This leaching stage can called as the pre-vulcanization leaching. It also known as wet gel leaching. Residual chemicals and proteins on the surface of the gloves are put into the leaching process to be removed after the drying of latex mixture. A longer leaching line can wash out latex proteins more effectively. Besides that, the water must be hot and fresh enough to make the proteins dissolve better. This step is a critical step to minimize the occurrence of latex sensitivity. The water temperature, process duration, and water exchange rate will affect the effectiveness of the process. Good leaching line can result in a good and quality latex glove. Beading Beading is a process whereby up to a dozen chemicals are added to help in next manufacturing process of latex gloves. The chemicals added are antioxidant that prevents deterioration of the rubber molecules in the final product by heat, moisture, and ozone. Chemical accelerators are also added to help control the next vulcanization process. Vulcanization One of the discovery key in manufacturing rubber is the vulcanization process. It is a curing process in the production process of latex gloves whereby the latex particles are modified by adding in accelerator chemicals to it. When all the materials are heated, sulfur atoms are chained with the rubber molecules to form a cross-link that gives strengths and elasticity to the physical properties of the rubber. This process ensures the rubber will not be torn and melt easily. Post Leaching This process is similar to the wet-film leaching previously, but it is a little different whereby it is carried out on the dry/vulcanized latex film. Therefore, it is also known as dry-film leaching. Time and temperature is the most important element to ensure effectiveness in the process of water extractives reduction. Latex gloves may be leached up to 24 hours to ensure its effectiveness. Slurry Dipping This stage is also known as wet even powdering. The slurry tank containing the cornstarch solution can prevent latex gloves from sticking in the tank. The slurry is also referred to as wet powder. The benefit of this powder is acting as preservation of the latex gloves and to assist in the latex gloves donning process. TG Company has followed the international method in the specific stage whereby the latex gloves will go through more ovens for further drying and additional rinsing cycles where the powder will be removed. The process of removing the powder is to avoid latex allergic reaction. Stripping At this stage, the latex gloves are stripping from the glove formers. There are two types of methods, which are manually or automatically stripping the latex gloves from the glove formers. TGs latex examination gloves are stripped by fully automated stripping machine. By using this fully automated stripping machine, TG can increase the quality and safety of the latex gloves they produced. The latex gloves will be sent to the next phase of the latex glove manufacturing process for final drying. Tumbling The tumbling process at latex gloves manufacturing process is to remove excessive powder on the gloves. The latex gloves are putting into the commercial dryers to ensure that the powder is more evenly distributed and excess powder can be removed. Powder-Free Gloves Powder-free gloves stage is a technology to prevent stickiness of gloves by avoiding powder usage completely by going through chlorination or polymer coating process. This is one of the important technology processes in manufacturing latex glove nowadays because most of the glove makers are producing the latex gloves with powder-free. Top Glove produces latex powder and powder-free gloves. Basically, the powder-free latex gloves are transformed from powdered gloves when the powder is removed. Before the latex gloves dried, the powder helps the latex gloves give uniformity as well as to prevent the latex gloves from molding together. The tackiness on the glove surface can be removed by rinsing the latex gloves in water. Then it is placed into a chlorine bath to transform the powdered latex gloves to powder-free latex gloves. The glove is turned inside out and the process is repeated. The powder-free gloves are placed back into the dryers when the bathing process is completed. Quality Control TG carries out its quality control in total quality management system. In total quality management system, the process includes regular testing of raw materials, close monitoring the manufacturing process, continuous improvement on quality control, maintain regular quality control, complying with stringent quality standard, target for zero defects, good instructional labeling, efficient work standardization, continuous improvements in packing and loading, close monitoring of production process, tensile strength machine, innovative auto-stripping system, visual air pump test, water tight test, physical dimension test, protein test and powder test in their manufacturing process of latex gloves. The visual air pump test, water tight test and physical dimension test will be carried out in this quality control stage while the other test will be carry out during each manufacturing process of the latex gloves. The air pump test serves to check for holes and visual defects in gloves while th e watertight test serves to check for pinholes rate on the latex gloves. Each country will have their own acceptable quality level (AQL) in allowing the company to export product to their country. For example, the companies that want export their gloves to United States, a 2.5 AQL in the watertight test or better. The physical dimension test is used to measure the dimension of the gloves whether to know the measurement does meet the inspection level of 4.0 that set in AQL. Packing Packing is the final stage in the manufacturing process of latex gloves. TG packs their latex gloves in flat and efficient layer-by-layer to ease the dispensing of gloves in order to avoid latex gloves difficult to dispense from each gloves later. This type of packing method can reduces waste and makes latex gloves easier to take out from the box. For example, we can dispense tissue from a tissue box easily and the idea is applied to the latex gloves box dispensers. This layered technique is often use by all glove manufacturers. Lastly, when all production processes are completely carried, the latex gloves will be keep in TG warehouse for labeling and then send to their particular customers. In addition, the latex gloves are also being exported to other countries. The production processes of Top Glove are repeated for all the production lines and to ensure the latex gloves that are produced are in high quality and safe for use. Strength of the Production Process: The machine technologies that TG used to make their production processes of latex gloves are result in superior quality and it is safe to use by all consumers. The production process in TG adopts the latest manufacturing techniques by using the modern machineries. Other than that, the production processes in TG helps their company to increase precision and productivity in their latex gloves production. This is due to the advanced and modern technology that applied in the production processes. In addition, the production processes also increase the flexibility in producing latex gloves. The production processes will also increase the process stability during the manufacturing process of latex gloves. It is because the production processes are carried under a systematic production processes. The products will be produced gradually by following specific production processes and to ensure the product is high quality produced. The efficient production processes is able to help TG in saving a lot of production cost. It is because the efficient production processes can ensure that they can produce latex gloves effectively and efficiently. Then, the production processes also helps TG in reducing the number of workers. This is due to most of production processes are fully operated by the machine technology. This helps TG to save cost in the workers. Weakness of the Production Process: TG needs to invest heavily in buying the modern machineries and need to hire more experienced personnel in their production process. TG uses modern technology in carrying out their production processes to make latex gloves. The machineries that bought were extremely expensive. Thus, the maintenance of the machineries is expensive and if there had any minor or major accessories spoiled; it will be costly to the company to repair it back. It is because the accessories that are used in the machines are not for common use by other manufacturers within the same field area or other field areas and it is difficult to look for substitutes for that specific accessories. TG always checks and maintains the effectiveness of their machineries to prevent it from being spoiled. In addition, TG also needs to hire more experienced and skilled personnel with higher salary to operate the specific machineries and carry researches. Some machinery needs special skilled and experienced personnel to take charge and TG does not simply hire a worker to operate the manufacturing machineries. The experts for such operations in the latex industry are much fewer in other fields. Thus, TG needs to spend more money to hire those experts that operate their operations. Facility Layout: The layout of a company is very important because it establishes an organizations competitive priorities in regard to capacity, process, flexibility, cost, as well as quality of work life, customer contact, and image. An effective layout can help an organization achieve a strategy that supports differentiation, low cost, or response. The objective of layout strategy is to develop an effective and efficient layout that will meet the firms competitive requirements. Layout design has the following purpose:- Higher utilization of space, equipment, and people Improved flow of information, materials, or people Improved employees morale and safer working conditions Improved customer/ client interaction Flexibility (layout need to be change from time to time) TG is a company that used work cell layout to produce its products. Work cell layout means an arrangement of machines and personnel that focuses on making a single product or family of related products. A work cell reorganizes people and machines that would ordinarily be dispersed in various departments into a group so that they can focus on making a single product or a group of related products. Once the work cell has the appropriate equipment located in proper sequence, the next task will be staff and balance the cell. Normally it involves two steps. First, determine the takt time, which is the pace (frequency) of production units necessary to meet customer orders: Takt time = Total work time available/ Units required Second, determine the number of operators required: Workers required = Total operation time required/ Takt time By doing so, the company can increased equipment and machinery utilization due to better scheduling and faster material flow. Diagram below shows the layout of Top Glove company and the description of the components inside the layout:- The space of the layout is 80m (length) x 50m (width) x 8m (height) which can be categorize as a big company. Waste water- All the unwanted or wastewater will stored in this area. Latex storage- This is the place to store latex that use to produce latex gloves. It place near to the dipping line and chemical dispensing compounding ball mills because it easy for mixing work which need to combine other raw material and chemical substances with latex to produce the latex gloves. WC- This is the place for workers to refresh themselves. Tools/Maintenance- Places that put or keep the tools and equipments that used to produce the glove and for maintenance purpose. All the tools and equipments will be keeping in a specific place that easy the workers to find it. Chemical storage- All the chemical substances, which are dangerous, will keep here to avoid any accident happen and make sure the workplace is safety. This room is just nearby of the chemical dispensing compounding ball mills to make sure that the compounding work can be carry out smoothly. Dipping line- This is the place where machine is design for examination and surgical latex gloves, which include the process of auto washing, coagulants agents dipping, latex dipping, drying, and beading, fore leaching, vulcanizing, post-leaching, wet powdering, cooling, and stripping. Chemical Dispensing Compounding Ball Mills- The place that carry out the work of compounding or mixing of the raw materials, chemical substances, latex and many other to produce the gloves. Chlorination- A process of producing powder free gloves by treating these gloves with chlorine. It also removes the first layer of protein to an acceptable level. Tumbler Dryer- It is a machine that tries to dry up the gloves after all the compound mixed together. Sterilization- The place that sterilizes the gloves using Gamma irradiation to eliminate all microbial life, including highly resistant bacteria spores. Worker Canteen- Places for workers to have their meals. Plant Officer- This is the office for plant officer who supervise the production work of the company. Q.C Room- All the finished gloves will send to this room for checking before send to customer. The workers will checked the gloves one by one and see whether there are any rejected glove that do not meet the quality standard of the company. Lap Testing- Lap for chemist to test for new formula or compound that can improve the existing glove or testing for new products. This is good for the company to fight with his competitors however; some cost may be incurred for the research and development work. Packaging Area/Material- All the gloves that have go through Q.C checking will send here for packaging before sell to the customers. There are sufficient machine and material prepared for packaging work so that the glove will be pack nicely and keep in a good condition. Show Room- Room to display the products of the company. Customers who interested in the products of the company can take a look on the sample that show in this room. Company Office- Main office of the company where all the admin work of the company will carry out here. Finished Product Storage- The finished products will be stored here and waiting to send to the customers by the trucks. Strength of the Facility Layout: Top Glove used work cell layout as their strategy to produce their products to utilize the capacity of the company, which may bring a lot of advantages to the company. First, it can reduced work-in- process inventory which means there is less inventories or equipments needed to link up the work that is in different process because the work cell is set up to provide one piece flow from machine to machine. Second, less floor space required because less space is needed between machines to accommodate work-in-process inventory. For example, the tumbler dryer is place closely with the process of sterilization that uses to sterilize the gloves bacteria. Thus, it saves a lot of space between these two processes. Next, when the employees work in this kind of layout, it will heightened the sense of employees participation in the organization and the product which will encourage them to add responsibility toward the product quality because they directly associated with the products in their ow n work cell. For example, the employees who work as an operator in dipping line will feel motivated and carry out his work carefully when the manager empowered him to look after the machine or participate in any work that related to the dipping process. Lastly, increased equipment and machinery utilization is also one of the advantages because of better scheduling and faster material flow. When the glove is being chlorinate immediately it will proceed to the process of drying and after this it will go through the process of sterilization immediately as well. The fast material flow show that it utilize the machinery and equipment effectively. Weaknesses of the Facility Layout: However, there are still some weaknesses in this layout, which is the straight-line work cell layout as we can see in the dipping line. The workers in the dipping line are arrange in such way that sometime they will find that it is hard to divided their work evenly and more worker is needed compare to the U-shape work cell layout. This may cause social loafing in the workplace, which means some worker may work less as compare to his colleague. This is not good to happen in the workplace because it will lower down the morale of other worker who works hard but he just gets the same pay as his colleague who is lazy. Next, from the layout of the company, we also notice that there is only one main gate for exist and entry but no other emergency or back door in the layout. This is also a weakness of the company because there is no other emergency door for workers to escape if any accident happens. Goods and Service Design: The other strategic of this company is goods and service design. Top Gloves main productions are rubber gloves, synthetic gloves and surgical gloves. Top glove producing more latex glove as compare others glove, since latex gloves is a better choice of protection. The reasons are the latex is the main material in rubber gloves manufacture where it is the gold standard for durability. Where latex is referring to a milky, usually whitish, fluid obtained from over 1,000 species of trees and plants. It is the most important raw material used for the production of latex gloves, natural rubber latex, which derived from the Hevea Brasiliensis tree species found mainly in South East Asia though they originated from Brazil. It demonstrates superior elasticity, strength and barrier protection. It outperforms vinyl as well as any synthetic rubber in terms of maintaining barrier integrity in routine and high risks procedures. Based on the researches, the latex gloves provide up to 9 times more p rotection during normal use than non-latex gloves. The glove size is determined by measuring the circumference of the hand around the palm area with a tape measure. The usual size standard for examination gloves are of XS XL, while surgical gloves are of 6.5 8.5. The gloves thickness measured by depth protecting skin from exposure to elements. It was measured on a single wall using a micrometer over several parts of the glove, typically at the cuff, the mid-palm and the finger sections. The types of gloves are latex gloves, nitrile gloves, vinyl gloves, medical gloves, surgical gloves, disposable gloves, clean room gloves, household gloves, general-purpose gloves, and polyethylene gloves (PE glove). For example, the nitrile glove is one of the synthetic gloves that are produced from the synthetic latex of Acrylonitrile Butadiene Copolymer type, which is resistance to oil and exhibiting rubber-like characteristics. Its elasticity is good but less superior as compared to natural rub ber. It is generally more costly than natural latex gloves. Strengths of the Goods and Service design: The strengths of using this strategic which is the goods and service design are Top Gloves gloves are protect to lives and the price of it are low compare to other glove brands. When they manufacture the gloves, the gloves will test in the elongation or stretching test, to measure the strengths of the gloves. During extended surgeries, the practice of changing to a new pair of gloves prior to a critical procedure has been noted to reduce bacterial contamination. Weakness of the Goods and Service design: The weaknesses are poor donning techniques, which is can result in glove rips and tears. Healthcare personnel should take care to don gloves correctly and avoid excessive stretching. Thoroughly dry hands before sliding them into gloves. Quality Management: Quality is refers to the totality of features and characteristics of a product or service that bears on its ability to satisfy stated or implied needs. Every organization should manage and control of their products quality. It is important to help the organization to build a well reputation in the industry. By doing this, customer will more reliability on such product and finally help to gain the market share. Top Glove is a manufacturer company that pays much attention on the products quality. Top Glove committed and believes in top quality products, they are responsibility to ensure quality consistency and product reliability to all their customers and users. Before the products go into the packaging process and sell to the market, Top Glove has implemented the quality inspection process to make sure that their products are producing at the expected quality level. Top Glove is strongly stresses on Total Quality Management (TQM) and the Quality Control tests are conducted from the point we receive our raw materials straight through the production processes and the finished products points. Compulsory pre-shipment inspections are carried out before the delivery of each order. Top Glove is emphasis on stringent quality control procedures in line with ISO 9001 and in strict compliance with ASTM and EN 455 standards. Top Glove has using the tensile strength machine as the measurement of the stretch required to break the glove material. Glove without good vulcanized process tend to have higher tensile strength. Top Glove also has using the innovative auto-stripping system to removing the gloves from the formers, where they are turn inside out. By doing this, the productivity can be increase because it is faster than by using manual stripping. Air pump test has been used to check for holes and visual defects in gloves. Furthermore, water tight test also using by Top Glove to check on the quality of products which is a test that use to determine the AQL level of an examination gloves by checking on the pinholes of the particular gloves after filling up the gloves with 1000ml water and then check for any leakage in 2 minutes time. To ensure the quality of products, Top Glove has been conducted the protein test of the rubber. All natural rubber latex products contain protein. For latex gloves, it is t he measurement of total protein regardless of allergenic content. The ASTM D5712 standard is using the test method in the Modified Lowry assay for analysis of aqueous Extractable Protein Natural Rubber. Besides, Top Glove has using powder free technology to prevent stickiness of gloves by avoiding powder usage completely by going through chlorination or polymer coating process. Besides, Top Glove believes and emphasize strongly in Research Development (RD) to be in line with ever-changing business environment and to cater to the increasing high expectations of end-users. To keep pace with the latest development in the rubber production, Top Glove has been collaborating closely with the Rubber Research Institute of Malaysia (RRI) and Lembaga Getah Malaysia (LGM) in the latest development on rubber research technology in Malaysia. Strength of the Quality design: The company able to fulfill or able to follow the Quality control of the foreign site company needs such as European and American customers. Top Glove is a company that very strictly in controls their products quality. Before they sell the products into the market, they will make sure that all of the products are match with the ISO 9001. Because of the high quality control of the products, it may help Top Glove to have more competitive power in the market. In those western countries such as Europe and United States, most of the consumers may have high requirement of a product; they are more concern toward the quality of products instead of the price. They are willing to pay higher price that to get a high quality product. Because of the Top Glove is pay more attention on the quality control, therefore, the quality of the products is more consistent and reliability. To maintain the quality of products, Top Glove is using the innovative technology and always improving their system. With the high quality control of the products, the products quality is more consistent and seldom making substandard products; Top Glove is able to fulfill those consumers needs. Those western countries consider as larger markets in the world; by fulfill those consumers needs of the products, it may lead Top Glove to build their reputation in the market. When they have built a better reputation in the market, the consumers may tend to repurchase those high quality products; it may help the company to gain higher market share. Therefore, the company may have higher profitable. Weakness of the Quality design: The company must update their Quality control fulfillment on consistent basis from their Customers wants such as European and American customer. There is higher cost incur for updating the technology for fulfill the foreign site customer. Most of the western consumers are emphasis on the quality of the products when they are purchasing; therefore, to maintain the market share in the western market, fulfill all of the western consumers needs is important. To maintain the profitable of the company, Top Glove should always update their quality control of the products that based on the customers needs and wants. To fulfill those consumers needs, Top Glove has developed a Research Development (RD) department. This department is required to make sure that the company is using the most efficiency and latest technology in production line. To develop a RD department, there is required an extra capital investment. Besides the machines that is required of the department; some professional also needed to hire to assist in the department. When the department had developed the latest technology, Top Glove is needed to update the initial technology to the latest that can fulfill those consumers needs. However, it is costly to the c ompany. Global Forces: Political Forces The Malaysian government was strictly regulating the health and safety conditions in the Top Glove manufacturing workplace. Besides, under the regulation, the company had to follow the minimum wage on their workers. Besides, that every nation and country was conscious about the environmental issue, similarly happen to Malaysia, it was a compulsory recycling law was enforce to the Manufacturers in Malaysia. Due to this recycling law, it is good to Top Glove Corporation as they can recycle and save their cost on raw material. Thus, it significantly affects the operation of the company and there is a need for Top Glove to maintain good relationship with the ministry and government. Economical Forces Top Glove Corporation having taxes heavily as it taxed at rate that are quite high. Besides, approximately 10 percent interest rates prevailing in the Malaysia market that crea