Ralph Ellison’s Battle Royale Essay

Ralph Ellison’s Battle Royal provides a realistic perspective of a Negro man striving to live in a nation dominated by white supremacy. The story speaks of the conflicts between the white and blacks as well as the conflicts that arise within the narrator and himself. Battle Royal resembles a black man’s place in society, the American Dream, and the use of symbolism to convey this thought. Ellison uses symbols and imagery to engage the readers by bringing them to a time period in history where social equality frowned upon. Society in the 1900s was very different in terms of the social status among the American people. In the 1900s, blacks were strongly discriminated against the whites. Discrimination was not against the law as blacks were deemed free but must be segregated against the whites. The idea of a white dominate society was still in existent. Ellison was born (in the year 1914) into this era of racial discrimination and segregation. The story begins with the narrator reminiscing about the past when his grandfather was on his deathbed. The grandfather delivers a speech to the narrator that proves to haunt the narrator for the rest of his life. The grandfather said, â€Å"Son, after I’m gone, I want you to keep up the good fight. I never told you, but our life is a war and I have been a traitor all my born days, a spy in the enemy’s country ever since I give up my gun back in the Reconstruction. Live with your head in the lion’s mouth. I want you to overcome ’em with yeses, undermine ’em with grins, agree to death and destruction, let ’em swoller you till they vomit or bust wide open† (Ellison 258). The narrator was extremely puzzled with the words from his grandfather; he had thought that his grandfather had gone insane. The flashback the narrator has reminds himself of his roots, his grandfather had taunted him with his dying speech for the rest of the narrator’s life. The narrator had been living as a rebel and a traitor without even realizing it. He was praised by many white men and was considered an example of desirable conduct. â€Å"I was praised by then most lily-white men of the town. I was considered an example of desirable conduct. – just as my grandfather had been† (Ellison 259). Ellison and his grandfather were considered traitors because they were outstanding blacks in a society of white dominants. The mere fact of a black succeeding is considered treachery and rebellious in the 1900s where white dominated. The narrator believes that he is successful in this white dominated society, but in actuality, the whites are only using him for entertainment. â€Å"When I got there I discovered that it was on the occasion of a smoker, and I was told that since I was to be there anyways I might as well take part in the battle royal to be fought by some of my schoolmates as part of the entertainment†(Ellison 259). This quote from the novel describes exactly how the blacks were treated. All of the blacks were expected to entertain the whites in the Battle Royal. The black were symbolic and was represented as objects used to entertain the whites. Ellison uses many symbols in Battle Royal to demonstrate the lack of black equality. The battle itself is a symbol the narrator’s never ending battle for social equality. The battle also represents the lack of freedom the narrator had, he was forced into a fight without any say. â€Å"We were rushed up to the front of the ballroom, where it smelled even more strongly of tobacco and whiskey. Then we were pushed into place† (Ellison 260). The stripper represents the amount of control the white men had over the blacks. Recall that in the 1900s, blacks were heavily discriminated; many blacks would have been persecuted for sight of a white woman. The narrator felt guilt and fear and was not sure how to react. â€Å"I felt a wave of irrational guilt and fear. My teeth chattered, my skin turned to goose flesh, my knees knocked. Yet I was strongly attracted and looked in spite of myself† (Ellison 261). The naked woman also symbolizes the confusion of the narrator, he is not sure how to react and this symbolizes his uncertainty in his role of society. The white blindfold represents how blacks were being brainwashed by the whites into the mindset of a white dominated society. The naked woman also symbolizes the lack of respect shown to women at this time of white male dominance. The American flag tattoo on the naked woman symbolized how a stripper had more social status than a black man. The tattoo also symbolizes the American Dream and the American paradigm. The American Dream defines the American culture and is used to describe the social status of a man in the American society. Ellison uses symbols from Battle Royal to describe the American Dream. The American flag tattoo on the naked woman shows represents the American Dream that can be achieved by anyone. However, the narrator is very close achieving the American Dream only to have it taken away from him. â€Å"I saw the rug covered with coins of all dimensions and a few crumpled bills. But what excited me, scattered here and there, were the gold pieces† (Ellison 266). The narrator had been given a chance at the American Dream only to be fooled when discovered the fake coins and electrocuted. â€Å"I lunged for a yellow coin lying on the blue design carpet, touching it and sending a surprised shriek to join those rising around me. I tried frantically to remove my hand but could not let go. A hot violent force tore through my body, shaking me like a wet rat. The rug was electrified† (Ellison 266-26). The narrator had been shocked not just physically but mentally. He was uncertain of this shock as it had hurt him. The promise of the American Dream was only a set of lies. The narrator had only been used to entertain the whites. â€Å"The huge face wavered down to mine as he tried to push me free. But my body was slippery and he was too drunk. †¦It was as though I had rolled through a bed of hot coals† (Ellison 267-268). The narrator is being thrown onto the rug to be electrocuted, just to satisfy the entertainment of the whites. There was no American Dream for the blacks, only a fixed chance that would always favor the whites as the blacks were used for entertainment when shocked on the rug. Ellison’s Battle Royal depicts the struggles of many blacks during the era of racial discrimination and segregation. The narrator described in the story directly correlates to the life Ellison lived. He was one who was â€Å"others† and was blindfolded his entire life, following orders from whites and having the whites take advantage of him. The naked woman symbolized the amount of control whites had in society and how many women were disrespected whether white or black. Ellison also discusses the American Dream through the use of symbols including the electrified rugs and coins. The blacks would only be close to achieving the American Dream but never able to have the American Dream.

Hygiene and Food Essay

The food premises and food handler must also conform to certain minimum standards of hygiene or risk prosecution, considerable fines and even jail -The food act covers all aspects related to the handling of food and the maintenance of food premises -The act states the role and responsibilities of the environmental health officer -Environment health officers are authorised to seize and remove, or prevent the sale of, any item if they consider it necessary. They also have an absolute right to inspect any food premises they believe to be involved with the preparation, storage or handling of food designated for sale -If an environmental health officer inspects premises reports that they are not hygienic, they can apply to the department of health to issue a clean-up notice, ordering specific repairs or improvements that must be carried out -If the clean up is not carried out to their satisfaction of the environmental health office, then can order to close the premise or prevent the sale of any food from that premises. LegislationPurpose (WHY DOES IT EXIST? )Key FactsLinks to content (how you could use this in an exam answer) HYGIENE AND FOOD SAFETY Food Act 2003 (NSW) (as amended). The legislation covers the areas of food for human consumption and the general requirements which will ensure food sold to the public will be safe and suitable to eat in NSW-It is an offence to sell contaminated food or food that has been falsely described -The food premises and food handler must also conform to certain minimum standards of hygiene or risk prosecution, considerable fines and even jail -The food act covers all aspects related to the handling of food and the maintenance of food premises -The act states the role and responsibilities of the environmental health officer. -Environment health officers are authorised to seize and remove, or prevent the sale of, any item if they consider it necessary. They also have an absolute right to inspect any food premises they believe to be involved with the preparation, storage or handling of food designated for sale -If an environmental health officer inspects premises reports that they are not hygienic, they can apply to the department of health to issue a clean-up notice, ordering specific repairs or improvements that must be carried out. -If the clean up is not carried out to their satisfaction of the environmental health office, then can order to close the premise or prevent the sale of any food from that premisesIn your essay if you mention the key departments of hospitality you can mention the Food Act 2003 to refer to the quality of the food items, the premises that they are cooked in and consequences of not having a satisfactory premises to serve the food in which you would have a report from an Environmental Health Officer Food Regulation _______ (NSW) (as amended). This regulation, covers in detail, everything related to the handling of food, the food handler, premises, equipment and the transportation of food and food products -construction standards for food premises and food vehicles -Appliances used to handle food for sale to be clean and unbroken and not to be made out of certain materials -Packaging and labelling of food -Protection of food from contamination -Cleanliness and hyginene of persons LegislationPurpose (WHY DOES IT EXIST? )Key FactsLinks to content (how you could use this in an exam answer) HYGIENE AND FOOD SAFETY Food Act 2003 (NSW) (as amended). The legislation covers the areas of food for human consumption and the general requirements which will ensure food sold to the public will be safe and suitable to eat in NSW-It is an offence to sell contaminated food or food that has been falsely described -The food premises and food handler must also conform to certain minimum standards of hygiene or risk prosecution, considerable fines and even jail -The food act covers all aspects related to the handling of food and the maintenance of food premises -The act states the role and responsibilities of the environmental health officer. -Environment health officers are authorised to seize and remove, or prevent the sale of, any item if they consider it necessary. They also have an absolute right to inspect any food premises they believe to be involved with the preparation, storage or handling of food designated for sale -If an environmental health officer inspects premises reports that they are not hygienic, they can apply to the department of health to issue a clean-up notice, ordering specific repairs or improvements that must be carried out. -If the clean up is not carried out to their satisfaction of the environmental health office, then can order to close the premise or prevent the sale of any food from that premisesIn your essay if you mention the key departments of hospitality you can mention the Food Act 2003 to refer to the quality of the food items, the premises that they are cooked in and consequences of not having a satisfactory premises to serve the food in which you would have a report from an Environmental Health Officer Food Regulation _______ (NSW) (as amended). This regulation, covers in detail, everything related to the handling of food, the food handler, premises, equipment and the transportation of food and food products -construction standards for food premises and food vehicles -Appliances used to handle food for sale to be clean and unbroken and not to be made out of certain materials -Packaging and labelling of food -Protection of food from contamination -Cleanliness and hyginene of persons LegislationPurpose (WHY DOES IT EXIST? )Key FactsLinks to content (how you could use this in an exam answer) HYGIENE AND FOOD SAFETY Food Act 2003 (NSW) (as amended). The legislation covers the areas of food for human consumption and the general requirements which will ensure food sold to the public will be safe and suitable to eat in NSW-It is an offence to sell contaminated food or food that has been falsely described -The food premises and food handler must also conform to certain minimum standards of hygiene or risk prosecution, considerable fines and even jail -The food act covers all aspects related to the handling of food and the maintenance of food premises -The act states the role and responsibilities of the environmental health officer -Environment health officers are authorised to seize and remove, or prevent the sale of, any item if they consider it necessary. They also have an absolute right to inspect any food premises they believe to be involved with the preparation, storage or handling of food designated for sale -If an environmental health officer inspects premises reports that they are not hygienic, they can apply to the department of health to issue a clean-up notice, ordering specific repairs or improvements that must be carried out. -If the clean up is not carried out to their satisfaction of the environmental health office, then can order to close the premise or prevent the sale of any food from that premisesIn your essay if you mention the key departments of hospitality you can mention the Food Act 2003 to refer to the quality of the food items, the premises that they are cooked in and consequences of not having a satisfactory premises to serve the food in which you would have a report from an Environmental Health Officer Food Regulation _______ (NSW) (as amended). This regulation, covers in detail, everything related to the handling of food, the food handler, premises, equipment and the transportation of food and food products -construction standards for food premises and food vehicles -Appliances used to handle food for sale to be clean and unbroken and not to be made out of certain materials -Packaging and labelling of food -Protection of food from contamination -Cleanliness and hyginene of persons LegislationPurpose (WHY DOES IT EXIST? )Key FactsLinks to content (how you could use this in an exam answer) HYGIENE AND FOOD SAFETY Food Act 2003 (NSW) (as amended). The legislation covers the areas of food for human consumption and the general requirements which will ensure food sold to the public will be safe and suitable to eat in NSW-It is an offence to sell contaminated food or food that has been falsely described -The food premises and food handler must also conform to certain minimum standards of hygiene or risk prosecution, considerable fines and even jail -The food act covers all aspects related to the handling of food and the maintenance of food premises -The act states the role and responsibilities of the environmental health officer -Environment health officers are authorised to seize and remove, or prevent the sale of, any item if they consider it necessary. They also have an absolute right to inspect any food premises they believe to be involved with the preparation, storage or handling of food designated for sale -If an environmental health officer inspects premises reports that they are not hygienic, they can apply to the department of health to issue a clean-up notice, ordering specific repairs or improvements that must be carried out. -If the clean up is not carried out to their satisfaction of the environmental health office, then can order to close the premise or prevent the sale of any food from that premisesIn your essay if you mention the key departments of hospitality you can mention the Food Act 2003 to refer to the quality of the food items, the premises that they are cooked in and consequences of not having a satisfactory premises to serve the food in which you would have a report from an Environmental Health Officer Food Regulation _______ (NSW) (as amended). This regulation, covers in detail, everything related to the handling of food, the food handler, premises, equipment and the transportation of food and food products -construction standards for food premises and food vehicles -Appliances used to handle food for sale to be clean and unbroken and not to be made out of certain materials -Packaging and labelling of food -Protection of food from contamination -Cleanliness and hyginene of persons LegislationPurpose (WHY DOES IT EXIST? )Key FactsLinks to content (how you could use this in an exam answer) HYGIENE AND FOOD SAFETY Food Act 2003 (NSW) (as amended) The legislation covers the areas of food for human consumption and the general requirements which will ensure food sold to the public will be safe and suitable to eat in NSW-It is an offence to sell contaminated food or food that has been falsely described -The food premises and food handler must also conform to certain minimum standards of hygiene or risk prosecution, considerable fines and even jail -The food act covers all aspects related to the handling of food and the maintenance of food premises -The act states the role and responsibilities of the environmental health officer -Environment health officers are authorised to seize and remove, or prevent the sale of, any item if they consider it necessary. They also have an absolute right to inspect any food premises they believe to be involved with the preparation, storage or handling of food designated for sale -If an environmental health officer inspects premises reports that they are not hygienic, they can apply to the department of health to issue a clean-up notice, ordering specific repairs or improvements that must be carried out. -If the clean up is not carried out to their satisfaction of the environmental health office, then can order to close the premise or prevent the sale of any food from that premisesIn your essay if you mention the key departments of hospitality you can mention the Food Act 2003 to refer to the quality of the food items, the premises that they are cooked in and consequences of not having a satisfactory premises to serve the food in which you would have a report from an Environmental Health Officer Food Regulation _______. (NSW) (as amended). This regulation, covers in detail, everything related to the handling of food, the food handler, premises, equipment and the transportation of food and food products -construction standards for food premises and food vehicles -Appliances used to handle food for sale to be clean and unbroken and not to be made out of certain materials -Packaging and labelling of food -Protection of food from contamination -Cleanliness and hyginene of persons LegislationPurpose (WHY DOES IT EXIST? )Key FactsLinks to content (how you could use this in an exam answer) HYGIENE AND FOOD SAFETY Food Act 2003 (NSW) (as amended). The legislation covers the areas of food for human consumption and the general requirements which will ensure food sold to the public will be safe and suitable to eat in NSW-It is an offence to sell contaminated food or food that has been falsely described -The food premises and food handler must also conform to certain minimum standards of hygiene or risk prosecution, considerable fines and even jail -The food act covers all aspects related to the handling of food and the maintenance of food premises -The act states the role and responsibilities of the environmental health officer -Environment health officers are authorised to seize and remove, or prevent the sale of, any item if they consider it necessary. They also have an absolute right to inspect any food premises they believe to be involved with the preparation, storage or handling of food designated for sale -If an environmental health officer inspects premises reports that they are not hygienic, they can apply to the department of health to issue a clean-up notice, ordering specific repairs or improvements that must be carried out -If the clean up is not carried out to their satisfaction of the environmental health office, then can order to close the premise or prevent the sale of any food from that premises. In your essay if you mention the key departments of hospitality you can mention the Food Act 2003 to refer to the quality of the food items, the premises that they are cooked in and consequences of not having a satisfactory premises to serve the food in which you would have a report from an Environmental Health Officer Food Regulation _______ (NSW) (as amended). This regulation, covers in detail, everything related to the handling of food, the food handler, premises, equipment and the transportation of food and food products -construction standards for food premises and food vehicles -Appliances used to handle food for sale to be clean and unbroken and not to be made out of certain materials -Packaging and labelling of food -Protection of food from contamination -Cleanliness and hyginene of persons LegislationPurpose (WHY DOES IT EXIST? )Key FactsLinks to content (how you could use this in an exam answer) HYGIENE AND FOOD SAFETY Food Act 2003 (NSW) (as amended). The legislation covers the areas of food for human consumption and the general requirements which will ensure food sold to the public will be safe and suitable to eat in NSW-It is an offence to sell contaminated food or food that has been falsely described -The food premises and food handler must also conform to certain minimum standards of hygiene or risk prosecution, considerable fines and even jail -The food act covers all aspects related to the handling of food and the maintenance of food premises -The act states the role and responsibilities of the environmental health officer -Environment health officers are authorised to seize and remove, or prevent the sale of, any item if they consider it necessary. They also have an absolute right to inspect any food premises they believe to be involved with the preparation, storage or handling of food designated for sale -If an environmental health officer inspects premises reports that they are not hygienic, they can apply to the department of health to issue a clean-up notice, ordering specific repairs or improvements that must be carried out -If the clean up is not carried out to their satisfaction of the environmental health office, then can order to close the premise or prevent the sale of any food from that premises. In your essay if you mention the key departments of hospitality you can mention the Food Act 2003 to refer to the quality of the food items, the premises that they are cooked in and consequences of not having a satisfactory premises to serve the food in which you would have a report from an Environmental Health Offis which will ensure food sold to the public will be safe and suitable to eat in NSW-It is an offence to sell contaminated food or food that has been falsely described. -The food premises and food handler must also conform to certain minimum standards of hygiene or risk prosecution, considerable fines and even jail -The food act covers all aspects related to the handling of food and the maintenance of food premises -The act states the role and responsibilities of the environmental health officer -Environment health officers are authorised to seize and remove, or prevent the sale of, any item if they consider it necessary.

Airtel HRM

Because we cannot provide ARÊTE'S personnel replacement chart we have made our own overview which we belief that must be a little similar to not only AIRTIME but also all other companies in BANGLADESH. The above figure has 2 approaches they are: Approach 1 The first is the traditional approach. Create a chart for each work group similar to the one shown in Figure 1. For each worker, identify at least three back-ups.Indicate by a code whether each worker can do the whole Job at present or if the individual needs additional training. (A typical code is RAN = Ready now as a replacement; RI ? Needs six months of on the Job development to be ready; and RE = Needs one year of on-the-Job development. ) Next to the code, managers can indicate what additional training or practical experience might be needed so that the worker can successfully perform all aspects of the work. This chart can be drafted in a group setting or by a manager and then shared more widely for reaction and improvemen t. Approach 2The second is a more detailed approach and is based on the so-called DIDACTIC Developing a Curriculum. (For more detailed information about the approach, see http://www. Dacca. Org. ) While DIDACTIC has traditionally been used to pinpoint the work activities of one Job or occupation, it can also be more creatively used to list all the work activities of a department or division. DIDACTIC is quite simple. Think of it as based on structured brainstorming. Call all the workers of a department or staff unit together?that can be done by shift?and ask them what they do every day regardless of their respective Jobs.Place each work activity, beginning with a verb, on a single sheet of paper and post it on a wall for everyone to see. (Examples of work activities might include â€Å"meets with prospective donors,† â€Å"advises the programming board,† or â€Å"updates the website. â€Å") When conducting a DIDACTIC session, it is most useful for one person to faci litate and several others to write down the work activities and post them on the wall. Once the brainstorming is finished, the activities can be organized into categories. The result of this session will be a map of all the work activities?essentially, a unimpressive Job description?of a unit or department.Once that (perhaps lengthy) list of work activities has been identified, it is then possible to examine each task to indicate which employees?and how many?perform those activities. Such a comprehensive list of work activities can guide cross-training and on-the-Job training to plan replacements. This approach can also be helpful in identifying and attempting to eliminate time-wasting work activities. It can also reduce the time it takes to train replacements by making clear exactly what work is done. The Job map can be translated into a checklist to guide, and effectively accelerate, on-the-Job cross-training.Such documentation of training will then aid managers in holding employe es accountable for knowing what to do. Promotion means to give a higher position, status, salary and responsibility to the employee. So, the vacancy can be filled by promoting a suitable candidate from the same organization. TRANSFER: Transfer means a change in the place of employment without any change in the position, status, salary and responsibility of the employee. So, the vacancy can e filled by transferring a suitable candidate from the same organization.REHIRING: The employees who have retired from the Job but they are rehired for their contribution and experience also the employee who leave the Job for a long period they also rehired if they apply to the organization internally. JOB POSTING: The major means for recruiting employees for other Jobs within the organization is a Job posting system. Job posting is a system in which the employer provides notices of Job openings and employees respond by applying for specific openings. The organization can notify employees of all J ob vacancies by posting deices, circulating publications or in some other way inviting employees to apply for jabs.In a unionized organization, Job posting and bidding can be quite formal; the procedure often is spelled out in the labor agreement. Is an organization that always focus on internal recruitment, promotions and transfers. They always motivate the internal employees to their career path in right way in AIRTIME. They always show them the right system so that AIRTIME can get their loyal employee and most importantly can recruit their employees internally which cost effective also. Promotion and transfer is highly appreciated in AIRTIME. They promote their employees and sometimes transfer them to other places with facilities.To get promote or to get promotion with transfer the employees must be eligible for some criteria. They are: They have to be on-roll employee of AIRTIME Ltd. Or its subsidiaries; For Brand S – have had at least 12 months of continuous service with AIRTIME services ; For Brand F/SMS, 1&2 – have had at least 18 months of continuous service with AIRTIME or one of its subsidiaries; Form Brand 3 & above – have had at least 24 months of continuous service with AIRTIME or one of its subsidiaries; Have spent at or a Job in another business unit or at another location within the company.Is case if an employee has changed location in the same circle while doing the same Job/role, he/she will be eligible to apply for the UP; Is cases where an employee has accepted a position as a consequence of organization changes, the employee in addition to satisfying the above conditions also needs to spends at least 6 months in the position before he/she is eligible of the UP; For the purpose of counting the minimum tenure as required above the following do not constitute a role change: Additional Jobs added on the existing Job;Job change within the same vertical in a function continuing to report to the same position or manager; Job name change, if the primary duties remain the same; A promotion with no change in responsibilities; Have been rated other than the following ratings ‘ALL', ‘ALL', ‘ALL' in their least performance appraisal in case of Band 1 and above employees; Have been rated other than the ‘AH' rating in their latest performance appraisal in case of Band F, SMS and below employee; This is not applicable to young leaders in their first year training.In addition of fulfilling the above eligibility criteria, in case of a manager electing a candidate from his immediate (6 months) ex-team, he needs to take the consent of the current manager of the team. AIRTIME focuses more in rehiring. Because they belief that hiring an old employee than a new employee is far more better. Because the old employee knows a lot about the organization also knows the tradition and the culture of the organization and also it is cost effective. To rehire AIRTIME has some guideline.An ex-employee can be considered for re-hiring if: He/she has resigned voluntarily during his/her previous tenure; Must not have obtained performance rating of ‘ALL/ALL/ALL or AH' in the appraisal cycle before leaving the service of the company. To be considered for rehiring, an ex-employee has to apply for an open position after the period of recall specified in the following clause has passed and got selected for the same after going through the selection procedure.An employee who had been laid off shall be considered as re-hired when the position he/she has applied for and got selected is different from the position help prior to layoff in the same or different unit, where essential functions, requirements ND/or conditions of employment differ from the position help prior to layoff. From Competition: Re-hiring of ex-employees from competition (I. E.

Financial Markets and Institutions, Part 2 Essay

Financial Markets and Institutions, Part 2 - Essay Example Financial institutions on the other hand makes the trade to run smoothly through rendering of loans, grants and other financial aids to firm and individual. Additionally, financial bodies accept the deficit units therefor enabling investors to access capital to establish companies and industries. Question 1. Analyze the role financial market playing creating economic wealth in the U.S. In the economy of United States of America financial markets plays several roles. This markets are usually seem to the backbone to American economy this is because many people in this country are wealth merchants who spend most of their time in business activities. With respect to their economy, trader maximizes the financial markets opportunity wisely in order to stabilize the economy of this country. The financial markets controls and transfers money from the persons with excess money with the needy ones. They help the students from difference institution to get loan, which they use to pay their scho ol fees, it also helps the government to get capital for its expenditure, business people are able to get funds and expand their operations. In order financial market to have funds to rent to the needy persons, business and households should be willingly to supply the excess funds to the financial market. ... Financial market gives them money in order they can use. For instance, student who are deficit units often borrows money from the financial markets to support themselves through their academic period, therefore in return after they get employed the excess/surplus tend to become surplus units through investment. But, after some years they may become deficit units by purchasing valuables such as homes. This is because at this duration they may be able to access good amount of money from financial institution (Madura, 2012). Investors access money from financial market through dispensing of securities which act as claim on the issuer. Borrowed funds are represented as debt thus they are known as debt securities. The excess unit that are bought as debt securities are called creditors because they get interest according to the basic duration. All debt securities have the maturity date, the time in which surplus units can be accessed or redeemed in order to earn the principal value from th e deficit units. Another, type of security is an equity security also known as stock. Stock represents the owner of a business. Most of the business prefer to give stock more than debit security if they require money, nevertheless the required fund sometimes might not be financially able to make a periodic payments on interest for the debt securities (Madura, 2012). Financial markets are classified according to the amount of fund they give inform of loans and grants. These classifications involves, primary versus secondary markets, accommodating corporate finance need and finally accommodating investment needs. Primary verses secondary market supports an issuance of current securities where else secondary markets enable the existing businesses to grow that results to smooth

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

Information - Essay Example One reason, the focus of my speech today, is the special protection that baseball (Major League Baseball) has been afforded by Congress. This protection comes in the form of antitrust law and, to a significant extant, insulates owners and other interested stakeholders from competition within the baseball industry. As an initial matter, it is important to define what is meant by antitrust law, a topic frequently foreign to baseball aficionados. Antitrust law is an umbrella designation that includes a number of laws dealing with fair competition; more specifically, because America deems itself a free market capitalist economy, there exist a number of laws designed to prevent such things as monopolies and unfair methods of competition. Strangely enough, baseball has for quite some time been exempt from a number of antitrust laws. As stated by Bartee, â€Å"professional sports are a textbook example of a bilateral cartel made up of club owners and unionized players engaged in intrastate and interstate commerce. The club owners exercise monopoly power in the product market† (2008: n.p.). Baseball, like steel or agriculture in certain respects, is a protected industry. It is not a monopoly per se but a competitive cartel in which owners compete with the unionized players. We read all of the time about competition between owners and players. There are disagreements about such things as free agency, salary caps, and collective bargaining agreements. The irony is that while the owners and the players often trade accusations about the other using unfair methods or misleading financial formulas the truth is that both reap the rewards of a non-competitive industry because of the antitrust exemption granted to Major League Baseball by the United States Congress. In addition, in a 1972 case called Kuhn v. Flood and decided by the United States Supreme Court, it was also decided that â€Å"baseball and its reserve system are also exempt from state antitrust

Winona LaDuke and Climate Change Essay Example | Topics and Well Written Essays - 750 words

Winona LaDuke and Climate Change - Essay Example LaDuke seeks to increase the first nation’s resilience in environmental justice. For example, in speaking out concerning climate change, the author seeks to promote the use of alternative sources of energy. The author identifies climate change as a human rights issue that has greatly affected the Pacific Islanders, Indigenous people, and Local-Land based communities due to their dependency on activities such as hunting, fishing and gathering rights. The dependency on fossil fuels has also resulted in health issues such as respiratory and infectious disease. The author also observes that the economic and cultural displacement in the society has also been in an attempt to access fossil energy. There are native solutions that greatly aid the country’s environmental sustainability. LaDuke observes that wind energy can easily be utilized in twenty-three Indian Reservations in the Great Plains. LaDuke states that these regions can produce 300 gigawatts of power that is enough to meet the country’s needs. Solar energy is another alternative that can be utilized in The Great Lakes, North West and North Eastern regions including other tribal lands in the South Western. The native solutions are beneficial as they promote local economies as they provide income, jobs and tax revenues. The native solutions respect the traditions and the responsibilities of the Aboriginal communities in protecting the sacredness of the earth. The issue of environmental justice is an important issue affecting societies on a global scale.

Shakespeare's Richard III Essay Example | Topics and Well Written Essays - 500 words

Shakespeare's Richard III - Essay Example Even while in power, Richard becomes forced to do a lot of heinous acts like killing, thereby acting as agent of God’s providence, punisher of wrong doers, though eventually ends up punished by God (Shakespeare, Johnson & Steevens 18). In the play, Richard being disabled, power-hungry individual, devices ways of getting into power. In his aspiration to take his brother’s throne, King Edward, he manages to convince Lady Anne, a noble woman. Through his cunning nature, Richard manages to have Clarence, his own elder brother executed. He then shifts the blame to King Edward accelerating Edward’s illness and death. It is only after King Edward dies that Richard takes over as the lord protector of England (Shakespeare, Johnson & Steevens 8). In addition, Richard ensures that the court nobleman loyal to the growing princes, especially, Lord Hastings becomes killed. He continues to play God by furthermore killing Queen Elizabeth (Shakespeare, Johnson & Steevens 38). In addition, Richard imprisons the young princes and later murders them in the Tower they became imprisoned. Richard spreads terror among people of England to the extent of them teaming up with an earl of Richmond who was gathering forces to attack England. Richard had hoped to stay in power without opposition for long. Before Richmond attacked England, Richard arranges for his wife, Queen Anne murdered so that he could marry the young Elizabeth (Shakespeare, Johnson & Steevens 118). Even though, Queen Anne earlier knew that Richard was the one that killed her husband, she still became a wife of Richard and later ended murdered like her husband. Richard planned and arranged for many people to die in order to take over the throne of England. A number of people became murdered by Richard. Richard became ruthless and feared in England by the common people due to his treacherous acts of murder. In murdering those people, Richard played a critical role in nature as an agent of God. Just like the

Analyse the steps towards cost leadership within the production Essay

Analyse the steps towards cost leadership within the production relationship of a modern firm. Be specific and offer some examples - Essay Example For other industries, it is possible to attain economies of scale when the increased volume enables the assignment of resources more efficiently. This is particularly true of costs associated with manpower specialisation, where an increase in volume allows for individuals to be assigned specialised tasks, thus streamlining production methods. This results in improving rate of production without increasing the number of workers. Thus, increasing economies of scale occurs when the marginal increase in a factor of production is less than the marginal increase in the corresponding quantity of products produced. Economies of scope is similar to economies of scale because it aims to increase production faster than the attendant increase in costs. The difference lies in the number of products by which to attain this. Economies of scope seeks to reduce per unit total cost by diversifying the products a firm makes and sells. By increasing the number of product lines and extending the use of inputs (manpower and machinery) over the alternative products, the overall cost per unit of each product line is reduced because of the sharing of fixed costs among the product lines. For instance, Dunkin Donuts’ main product line is its number of variously flavoured donuts; somewhere along the line the firm decided to produce Munchkins, the bite-sized versions of the same flavours as the donuts, they tapped a new type of market demand which preferred the smaller versions. From the production aspect, the same machines and manpower were used to make the new product, thus spreading fixed costs over two product lines. Thus, increasing economies of scope occurs when the sum of the marginal increases in the cost of producing one additional unit in all the product lines is less than the increase in the marginal cost of each product line taken

Anishinaabe Literature and Culture Essay Example | Topics and Well Written Essays - 2250 words

Anishinaabe Literature and Culture - Essay Example These native Indians form the Anishinaabe tribe of America. Some American universities teach Anishinaabemowin, the language spoken by the people of this tribe. These people were divided into three communities: Odawa, Ojibwe, and Bodewatomi speaking different dialects of the Anishinaabemowin. The Indians still hold the ways of their ancestors and cultivate, nurture, and protect the knowledge of their ancestors among their children. This has led to the continuity of the rich Anishinaabe language and culture that is still studied by the present generation. Children learn their language, governance, judicial system, culture, religion, and citizenship. This culture was overshadowed by Christianity and modernization, but the remaining descendants teach their children about their ancestors in order to ensure the continuity of their culture. It is difficult to maintain ethnic identity without the existence of language. The Anishinaabe descendants struggle to maintain continuity of their lang uage by teaching their children. The learning process begins by explaining the meaning of the verbs in the seven teachings (Apple, 2008). The seven pronouns are set in the teachings called the seven grandfathers. These are: Nbwaakaawin (wisdom), Zaagi’idiwin (love), Minaadendamowin (respect), Aakwa’ode’ewin (bravery), Debwewin (truth), Dibaadendiziwin (humility) and Gwekwaadiziwin (Honesty). These are part of the original words of the ancestors that form the roots of the language. Understanding language helps understand the cultural practices, institutions, and social festivities observed by the Anishinaabe. The elderly in the communities act as reference points for teachers and learners of the language. Their dialect and understanding of the language has not been overly diluted by the English language, as is the case among the young people (Eigenbrod, LaRocque and DePasquale, 2010). The Ojibway language, part of Algonquian language group, is the most frequently spoken Aboriginal language besides Cree and Inuit languages. It is usually expressed in syllabics or the roman orthography. The syllabics were invented in 1840 by James Evans, a missionary working in Hudson’s Bay. Some Anishinaabe people claim that he did not invent the symbols, but he incorporated them into the writing system (Tigerman, 2006). The Wawatay bilingual newspaper commonly circulated among the Anishinaabe communities in northern Ontario contains texts written in syllabics. In some other texts such as children books, roman orthography is used. These forms of writing are also commonly used in educational materials that have revived the Ojibway language. English authors of the Anishinaabe origin have revived the language through the educational system, media, and literary works. They have helped produce bilingual books that enable the young generations learn their native language. Northwest Ontario has the largest population of the Anishinaabe people. The people hav e two collections of narratives passed down orally for centuries. These are the Ojibway heritage and the sacred legend. The sacred legend existed among the Oji-Cree speaking community near the sandy lake. The collection contains a creation story with the earth diver motif. According to these stories, several animals dived deep into the ocean to retrieve soil for recreating the earth after the great flood. This distinguishes the Aboriginal creation stories from the Biblical stories. However, missionaries declared the ecological relationships among living things superstitious and primitive. Missionaries introduced church-run schools that taught English and the European way of thinking (Vizenor, 2009). The introduction of Christianity

Japanese Management Essay Example for Free

Japanese Management Essay In the early 1980s, William Ouchi asserted in the U.S. soil the significance of Theory Z (1981), a Japanese management style that includes communal relationship in organizations and strong trust bonds as a more effective way to handle business as evidenced by the success of Japanese corporations.   This has made the interest and appreciation for the Japanese style of management and practices grow for the last twenty years, especially those successful Japanese companies who used unusual approaches (Lee and McCalman, 2008). For Japanese firms, the development of good relationship is a primordial interest. A Japanese firm may refuse to deal with another and ink a partnership regardless of the possible profits it may gain from the venture. The drive to develop a good relationship is primarily due to the very important principle called â€Å"tsuikiai† (socialization) (Lee and McCalman, 2008). Peer-to-peer relationship is more essential than relationship between levels as the Japanese believe that an organization draws strength from the former rather than from the latter. Hence, for American managers, it is only normal to assess their subordinates based on certain criteria. On the contrary, Japanese organizations tend to assess their employees based on their ability to work with their colleagues (Byham, 1993). Japanese managers get good evaluations if their subordinates can work well with each other. As such, Japanese firms give more emphasis on the ability of the employees to work with other employees and not much on their performance. This is due to their belief that as long as a good relationship is established within the organization, the organization can handle other matters effectively (Lee and McCalman, 2008). For the Japanese, good relationships can be developed through the following: 1) After work dining drinking session As previously mentioned, the principle of tsuikiai or socialization allow the Japanese to continue to incorporate good relationships as part of their corporate management style. Apparently, this can be seen in their popular practice of usually having dinner and drinking sessions amongst employees after office hours (Lee and McCalman, 2008). This is also the idea of the â€Å"communication plaza concept† wherein the executives meet their employees informally to have lunch or dinner and at the same time to listen to each other   (Otsubo, 1993). Through such engagements, employees have the chance to be more familiar with each other away from the four corners of their business premises. This positively affects the connections among the employees. This enables the Japanese organizations to create a warm and communal workplace where employees feel that they can communicate freely with everyone (Sullivan, 1992). Such practice is not the same with Americans where the latter would pr efer to   maintain the division between their personal and work life. According to Arenson (1993), the connection between U.S. workers and their companies are created by written contracts and the compensation that the companies renumerate to their employees. This complimented the observation rendered by   Rehder (1979) that Japanese managers treat their subordinates like their family members while western managers’ relationships with their subordinates are through contracts which makes the relationship depersonalized.   This is contrary to the belief of Japanese workers that they are obligated to the company they are working for because of the close relationship and bond that they have with their company and this creates mutual trust between the employees and the company. They likewise have a sense of shared focus to reach the goals of the organization. This management theory has been one of the core values of Honda from 1980s when they first established their operations in the United States and this was adopted by Nissan, Mazda and Toyota ( Sullivan, 1992). 2) Quite often meetings rather than electronic or paper work Americans would prefer to have everything first on paper before they can act on a project. Whereas Japanese prefer to do meetings rather than convey their messages through e-mails or doing paper works primarily as they despise memos and paper work (Arenson, 1993). According to Lee and McCalman (2008), it is through meetings that the workers would begin to know each other and determine the things that need to be done. This is most applicable in cases where there are no contracts or written documents involved and through meetings, the employees are able to worke on matters they need to attend to (Lee and McCalman, 2008). 3) Informal arranged agreements vs. legal agreements Before an American company would deal with another enterprise, it is not needed that the two companies develop a good relationship. It does not matter if a company would deal with a competitor provided that the two companies would gain mutual benefit. As a sense of security, American companies need to employ countless lawyers and execute numerous contracts before setting matters off. As a pre-requisite, everything needs to be laid out on paper before anything is started (Lee and McCalman, 2008). The mentality in America is that everything is governed by laws to make sure that people involved know what is set on the line (Arenson, 1993). It is ordinary for companies to deal with strangers and just develop a relationship during their venture (Lee and McCalman, 2008). This is not the case for Japanese companies as they require developing personal relationships before they transact with other business entities. This is because of their belief that it is important that a trusting relationship between two companies is developed before considering to have business venture   (Lee and McCalman, 2008). In Japan, there is less dependence on the laws and rather, more premium is placed in developing a trusting relationship before going into a business transaction. Unlike Americans that prefer to settle everything in a legal way or execute contracts first, Japanese are known to have healthy disdain for lawyers and legal or written actions. And unlike the Americans that would employ lawyers and execute contracts before the transaction, Japanese dislike being forced to deal just because of the contracts and in the process may just ignore some provisions thereto. They believe that the situations will have changed after signing the contract (Lee and McCalman, 2008). In fact, the two countries have a big difference in the number of lawyers as in the United States, there are over 800,000 lawyers as compared to Japan that has 15,000 lawyers only (Arenson, 1993). Moreover, Japanese would prefer to spend more time interacting with their potential customer or supplier before they would commit themselves   (Otsubo, 1993). 4) Networking- personal contacts Japan depends on networking as their society is very much a relationship-oriented one. Japanese would get things done though their personal contacts. For them, a man’s success or failure could be directly affected by their connections that he or she has developed over the years. In fact, a newly graduated Japanese would almost depend exclusively on his or her connections through university or from personal connections to land a job. That is why there is a high probability that the company recruiters would hire applicants coming from the same university as theirs because of the special connection that is existing between the recruiters and the university faculty and staff. This is what Japanese called â€Å"jinmyaku† or the web of human beings. Any internal or external undertaking to the company is accomplished through personal contacts (Lee and McCalman, 2008). It is then ordinary for an employee to develop extensive personal network within and outside the organization to protect his or her success rate especially that a person’s capability depends also on the extensiveness of the networks he or she may have   (Kase and Liu, 1996). Such mentality may affect the attitudes of the Japanese of not working with strangers. Through developing personal contacts takes time, once the networks have been created, everything is much easier as there is not much paperwork and lawyers involved. This principle makes it more difficult for foreign companies to penetrate Japan (Lee and McCalman, 2008). Japanese organizations would prefer hiring somebody who has a connection thereto because hiring a new employee is like welcoming a lifelong member of the corporate family. An individual applying for a position in a company by reason of an advertisement is considered a total stranger. As such, there is a possibility that Japanese companies may look after the personal attributes of an applicant rather than his or her technical attributes (Lee and McCalman, 2008).   It is very vital for an organization to ensure that the person to be hired is a team player and will blend well within the group. This is in contrast with U.S. companies as they prefer to look at the technical attributes of the applicants and highly rely on grade-point averages and specific credentials or competencies (Lee and McCalman, 2008). Networking works wonders in cases where a manager tries to launch a new project and the project is not really within the expertise of the concerned department, managers that have a w ell-established network within the organization could use their connections to persuade their colleagues to support their projects and also use these connections outside the organization to help make the project successful (Kase and Liu, 1996). Japanese manufacturing companies were able to capitalize in their personalized networking system that they were able to establish when they internationalized their operations during the late 1970s and 1980s. The personalized networks developed between their head offices and subsidiaries made the flow of the information run smoothly and eventually positively affect the efficiency of the companies (Kase and Liu, 1996). Moreover, Japanese companies establish personal networking with other Japanese companies in other countries (Yu and Ohle, 2008) for their advantage. 5) Teaming up in everything they do One of the major difference between Japanese management and Western management is that the structure of the organization is loose or poorly defined whereas the structure of the organization of the western management is tight or the specific functions are associated with specific boxes (Rehder, 1979). Teaming is a very important aspect in the management of a project. That is why the composition of teams that will handle organizational projects are carefully selected (Lee and McCalman, 2008). Even in creating an organizational project, the composition of the team that will develop and plan the concerned project is carefully assembled from the different departments of the organization (Gray and Larson, 2003). And up to the time that the organizational project is already running after the planning stage, there are still some times that the personnel from the planning stage will coordinate with the functional managers and project managers of the actual operation of the project (Gray and Larson, 2003). As Japanese companies or the Japanese culture itself has high regard on the â€Å"web of human beings†, it is part of the establishment of trust within the team to develop close personal relationship among the team members. The trust created by the â€Å"tsuikiai† plays an important role in the accomplishment of the interconnected tasks of the team members. A high level of trust is necessary for the accomplishment and implementation of the various tasks that the manager is leading (Kezner, 2000). Every meticulous aspect of the project requires the highest level of cooperation and team work among the players performing the tasks. That is why it is the responsibility of the project manager to build and maintain a high level of trust within the team to ensure the successful operation of a project throughout its course (Kezner, 2000). This is where the American employees of some Japanese companies are impressed with how every Japanese members of the team would persist to wo rk together to collect and discuss data gathered and develop ways to respond to different situations and improve their performance (Sullivan, 1992). Another thing that shows the Japanese persistence to teaming up is their decision-making system, or also known as â€Å"ringi† or decision by consensus system. This enables the employees to be motivated to work together.   The term ringi actually came from two words: ‘ri’, which means to ask from below and ‘gi’ which means to deliberate (Ichiro, 1977). By the Japanese decision-making systems, the organization initially debates on the meaning of a certain question and determines its possible solutions until consensus if finally reached. The process of the decision making and even the initiation of the process are participated in by all levels of the organization, whether the process be a verbal or written one (Naotsuka, 1978). This is because the Japanese have a view that it is important to first debate the problem or the question to achieve full comprehension in its general corporate-wide perspective, after which is to establish a consensus to preve nt groups from taking sides on one solution or another hastily. In such case, clash between the prevailing and losing groups is prevented because conflicts will only weaken the implementation of the favored solution. This normative process is called by the Japanese as â€Å"nemawashi† (Naotsuka, 1978).

Newtons Law Of Motion

Newtons Law Of Motion In this assignment, I will learn about the outcome two that is Newtons law and harmonic oscillation. Newtons law can be divide by three types that is 1st law, 2nd law and 3rd law. It is teach about the motion in our real life. Thus, harmonic oscillation can be divided by three types that are pendulum oscillation, damped oscillation and mechanic oscillation. All of these oscillation are useful in our life especial is use in different type of mechanics. Question One Research on the Newtons Laws of motion, and make a report that provide detail explanation and examples on Newtons 3 laws of motion. You report should include relevant and useful formula. Answer Newtons law of motion can be divided by three types that is 1st law, 2nd law and 3rd law and it is law of gravity. The three laws are simple and sensible. The first law states that a force must be applied to an object in order to change its velocity. When the objects velocity is changing that mean it is accelerating, which implies a relationship between force and acceleration. The second law, the acceration of an object is directly proportional to the net force acting on it and is inversely proportional to its mass. The direction of the acceleration is in the direction of the acceleration is in the direction of the net force acting on the object. Finally, the third laws, whenever we push on something, it pushes back with equal force in the opposite direction. Forces A force is commonly imagined as a push or a pull on some object, perhaps rapidly, as when we hit a tennis ball with a racket. (see figure 1.0). We can hit the ball at different speeds and direct it ionto different parts of the opponents;s court. This mean that we can control the magnitude of the applied force and alos its direction, so force is a vector quantity, just like velocity and acceleration. Figure 1.0: Tennis champion Rafael Nadal strikes the ball with his racket, applying a force and directing the ball into the open part of the court. Figure 1.1: Examples of forces applied to various objects. In each case, a force acts on the object surrounded by the dashed lines. Something in the environment external to the boxed area exerts the force. Newtons 1st law Newtons 1st law of motion states that if a body is at rest it will remain at the rest and if a body is moving in a straight line with uniform velocity will keep moving unless an external force is acted upon. For example, consider a book lying on a table. Obviously, the book remains at rest if left alone. Now imagine pushing the book with a horizontal force great enough to overcome the force of friction between the book and the table, setting the book in motion. Because the magnitude of the applied force exceeds the magnitude of the friction force, the book to a stop. Now imagine the book across a smooth floor. The book again comes to rest once the force is no longer applied, but not as quickly as before. Finally, if the book is moving on a horizontal frictionless surface, it continues to move in a straight line with constant velocity until it hits a wall or some other obstruction. However, an object moving on a frictionless surface, its not the nature of an object to stop, once set in motion, but rather to continues in its original state of motion. This approach was later formalized as Newtons first law of motion: An object moves with a velocity that is constant in magnitude and direction, unless acted on by a nonzero net force. For example: In the figure 1.2, the string is providing centripetal force to move the ball in a circle around 3600. If sudden the string was break, the ball will move off in a straight line and the motion in the absence of the constraining force. This example is not have other net forces are acting, such as horizontal motion on a frictionless surface. Figure 1.2 Inertia Inertia is the reluctance of an object to change its state of motion. This means if an object is at rest it will remain at rest or if its moving it will keep moving in a straight line with uniform velocity. Force is needed to overcome inertia. For example In figure 1.3, it is an experiment to prove the concept of inertia. In experiments using a pair of inclined planes facing each other, Galileo observed that a ball would up the opposite plane to the same height and roll down one plane. If smooth surface are used, the ball is roll up to the opposite plane and return to the original height. When it is starting to roll down the ball on the degree place, it is will return the ball at the same height from original point. Figure 1.3 If the opposite incline were elevated at nearly a 0 degree angle, then the ball will be roll in an effort to reach the original height that is show in the figure 1.4. Figure 1.4: If a ball stops when it attains its original height, then this ball would never stop. It would roll forever if friction were absent. Other example Figure 1.5: According to Newtons 1st law, a bicycles motion wasnt change until same force, such as braking makes it change. Newton 2nd law Newtons first law explains what happens to an object that has no net force acting on it. The object either remains at rest or continues moving in a straight line with constant speed. Newtons second law is the acceleration of an object is directly proportional to the net force acting on it and is inversely proportional to its mass. The direction of the acceleration is in the direction of the acceleration is in the direction of the acceleration is in the direction of the net force acting on the object. Imagine pushing a block of ice across a frictionless horizontal surface. When you exert some horizontal force on the block, it moves with an acceleration of the 2m/s2. If you apply a force twice as large, the acceleration doubles to 4m/s2. Pushing three times as hard triples the acceleration, and so on. From such observations, we conclude that the acceleration of an object is directly proportional to the net force acting on it. Mass also affects acceleration. Suppose you stack identical block of ice on top of each other while pushing the stack with constant force. If the force applied to one block produces an acceleration of 2m/s2, then the acceleration drops to half that value, 1 m/s2, When 2 blocks are pushed, to one-third the initial value. When three block is pushed, and so on. We conclude that the acceleration of an object is inversely proportional to its mass. These observations are summarized in Newtons second law: The acceleration of an object is directly proportional to the net force acting on it and inversely proportional to its mass. Units of Force and Mass The SI unit of force is the Newton. When 1 Newton of force acts on an object that has a mass of 1 kg, it produces an acceleration of 1 m/s2 in the object. From this definition and Newtons second law, we can see that the Newton can be expressed in terms of the fundamental units of mass, length and time. 1 N = 1 kg.m/s2 A force is a push or a pull. Hence a force can change the size, shape, and state of rest or motion, direction of motion and speed / velocity. The symbol for force is F and the S.I. unit is Newton (N). An object of mass m is subjected to a force F, its velocity changes from U to V in time t. The above condition can be stated as: F = Where a = is acceleration, thus F = ma. For example Figure 1.6: An airboat. An airboat with mass 3.50x102Kg, including passengers, has an engine that produces a net horizontal force of 7.70x102N, after accounting for forces of resistance (see figure 1.6). (a) Find the acceleration of the airboat. (b) Starting from rest, how long does it take the airboat to reach a speed of 12.0m/s2? (c) After reaching this speed, the pilot turns off the engine and drifts to a stops over distance of 50.0m. Find the resistance force, assuming its constant. Solution (a) Find the acceleration of the airboat. Apply Newtons second law and solve for the acceleration: Fnet = ma a = = = 2.20m/s2 (b) Find the time necessary to reach a speed of 12.0m/s. Apply the kinematics velocity equation: If t = 5.45s V = at + V0 = (2.20m/s2) (5.45) = 12.0m/s (c) Find the resistance force after the engine is turned off. Using kinematics, find the net acceleration due to resistance forces V2 = 2a Άx 0 (12.0m/s)2 = 2a(50.0m) = -12 / 100 = -0.12m/s2 Substitute the acceleration into Newtons second law, finding the resistance force: Fresistance= ma = (3.50 X 102kg) (-144m/s2) = -504N Impulse and Impulsive Force The force, which acts during a short moment during a collision, is called Impulsive Force. Impulse is defined as the change of momentum, so Impulse = MV MU, since F = , thus impulse can be written as: Impulsive force is Force = Impulse/Time. Unit is Newton (N). The applications of impulsive force In real life we tend to decrease the effect of the impulsive force by reducing the time taken during collision. Gravitational force or gravity Gravity exists due to the earths mass and it is acts towards the center of earth. Object falling under the influence of gravity will experience free fall. Assuming no other force acts upon it. Object experiencing free fall will fall with acceleration; gravity has an approximate value of 10m/s2. The gravitational force acting on any object on earth can be expressed as F=mg. This is also as weight. For example Find the gravitational force exerted by the sun on a 79.0kg man located on earth. The distance from the sun to the earth is about 1.50 X 1011 m, and the suns mass is 1.99 X 1030kg. Solution Fsun = G = (6.67 X 10-11 Kg-1m3s2) = 0.413N Newtons third law The action of one body acting upon another body tends to change the motion of the body acted upon. This action is called a force. Because a force has both magnitude and direction, it is a vector quantity, and the previous discussion on vector notation applies. Newtons third law is the amount of force which you inflict upon on others will have the same repelling force that act on you as well. Force is exerted on an object when it comes into contact with some other object. Consider the task of driving a nail into a block of wood, for example, as illustrated in the figure 1.7(a). To accelerate the nail and drive it into the block, the hammer must exert a net force on the nail. Newton is a single isolated force (such as the force exerted by the hammer on the nail) couldnt exist. Instead, forces in nature always exist in pairs. According to Newton, as the nail is driven into the block by the force exerted by the hammer, the hammer is slowed down and stopped by the force exerted by the nail. Newton described such paired forces with his third law: Whenever one object exerts a force on a second object, the second exerts an equal and opposite force on the first. This law, which is illustrated in figure 1.7(b), state that a single isolated force cant exist. The force F12 exerted by object 1 on object 2 is sometimes called the action force, and the force F12 exerted by object 2 on object 1 is called the reaction force. In reality, either, either force can be labeled the action or reaction force. The action force is equal in magnitude to the reaction force and opposite in direction. In all cases, the action and reaction forces act on different objects. For example, the force acting on a freely falling projectile is the force exerted by earth on the projectile, Fg, and the magnitude of this force is its weight mg. The reaction to force Fg is the force exerted by the projectile on earth, Fg = -Fg. The reaction force Fg must accelerate the earth towards the projectile, just as the action force Fg accelerates the projectile towards the earth. Because the earth has such a large mass and its acceleration due to this reaction forces is negligibly small. Figure 1.7: Newtons third law. (a) The force exerted by the hammer on the nail is equal in magnitude and opposite in direction to the force exerted by the nail on the hammer. (b) The force F12 exerted by object 1 on object 2 is equal in magnitude and opposite in direction to the force F21 exerted by object 2 on object 1. Newtons third law constantly affects our activities in everyday life. Without it, no locomotion of any kind would be possible, whether on foot, on a bicycle, or in a motorized vehicle. When walking, we exert a frictional force against the ground. The reaction force of the ground against our foot propels us forward. In the same way, the tired on a bicycle exert a frictional force against the ground, and the reaction of the ground pushes the bicycle forward. This is called friction plays a large role in such reaction forces. Figure 1.8: In the figure 1.8, when a force pushes on an object, the object pushes back in the opposite direction. The force of the pushing back is called the reaction force. This law explains why we can move a rowboat in water. The water pushes back on the oar as much as the oar pushes on the water, which moves the boat. The law also explains why the pull of gravity doesnt make a chair crash through the floor; the floor pushes back enough to offset gravity. When you hit a baseball, the bat pushes on the ball, but the ball also on the bat. Figure 1.9 Question Two Research and illustrate the various characteristics of Damped Oscillations, your answer should also include graphical display of these characteristic. Answer In the real life, the vibrating motion can be taken place in ideal systems that are oscillating indefinitely under the action of a linear restoring force. In many realistic system, resistive forces, such as friction, are present and retard the motion of the system. Consequently, the mechanical energy of the system diminishes in time, and the motion is described as a damped oscillation. Thus, in all real mechanical systems, forces of friction retard the motion, so the systems dont oscillate indefinitely. The friction reduces the mechanical energy of the system as time passes, and the motion is said to be damped. In the figure 2.0, shock absorbers in automobiles are one practical application of damped motion. A shock absorber consists of a piston moving through a liquid such as oil. The upper part of the shock absorber is firmly attached to the body of the car. When the car travels over a bump in the road, holes in the piston allow it to move up and down in the fluid in a damped fashion. (b) Figure 2.0: (a) A shock absorber consists of a piston oscillating in a chamber filled with oil. As the piston oscillates, the oil is squeezed through holes between the piston and the chamber, causing a damping of the pistons oscillations. (b) One type of automotive suspension system, in which a shock absorber is placed inside a coil spring at each wheel. Damped motion varies with the fluid used. For example, if the fluid has a relatively low viscosity, the vibrating motion is preserved but the amplitude of vibration decreases in time and the motion ultimately ceases. This process is known as under damped oscillation. The position vs. time curve for an object undergoing such as oscillation appears in active figure 2.1. In the figure 2.2 compares three types of damped motion, with curve (a) representing underdamped oscillation. If the fluid viscosity is increased, the object return rapidly to equilibrium after it is released and doesnt oscillate. In this case the system is said to be critically damped, and is shown as curve (b) in the figure 2.2. The piston return to the equilibrium position in the shortest time possible without once overshooting the equilibrium position. If the viscosity is greater still, the system is said to be overdamped. In this case the piston returns to equilibrium without ever passing through the equilibrium po int, but the time required to reach equilibrium is greater than in critical damping. As illustrated by curve (c) in figure 2.2. Active figure 2.1: A graph of displacement versus time for an under damped oscillator. Note the decrease in amplitude with time. Figure 2.2: Plots of displacement versus time for (a) an under damped oscillator, (b) a critically damped oscillator, and (c) an overdamped oscillator. Damped oscillation is proportional to the velocity of the object and acts in the direction opposite that of the objects velocity relative to the medium. This type of force is often observed when an object is oscillating slowly in air, for instance, because the resistive force can be expressed as R = -bv, where b is a constant related to the strength of the resistive force, and the restoring force exerted on the system is -kx, Newtons second law gives us = -kx bv = max -kx b = m ~(i) The solution of this differential equation requires mathematics that may not yet be familiar to you, so it will simply be started without proof. When the parameters of the system are such that b < so that the resistive force is small, the solution to equation is X = ( Ae-(b/2m)t) cos(wt + ) ~(ii) Where the angular frequency of the motion is = ~(iii) The object suspended from the spring experience both a force from the spring and a resistive force from the surrounding liquid. Active figure 2.1 shows the position as a function of time for such a damped oscillator. We see that when the resistive force is relatively small, the oscillatory character of the motion is preserved but the amplitude of vibration decreases in time and the motion ultimately creases, this system is known as an underdamped oscillator. The dashed blue lines in active figure 2.1, which form the envelope of the oscillatory curve, represent the exponential factor that appears in equation (ii). The exponential factor shows that the amplitude decays exponentially with time. It is convenient to express the angular frequency of vibration of a damped system (iii) in the form = Where = à ¢Ã‹â€ Ã… ¡k/m represents the angular frequency of oscillation in the absence of a resistive force (the undamped oscillator). In other words, when b=o, the resistive force is zero and the system oscillates with angular frequency, called the natural frequency. As the magnitude of the resistive force increases, the oscillations dampen more rapidly. When b reaches a critical value bc,so that bc/2m = , the system does not oscillate and is said to be critically damped. In this case, it returns to equilibrium in an exponential manner with time, as in figure 2.2. Question Three: Simple Harmonic Motion (SHM) is a dynamical system typified by the motion of a mass on a spring when it is subject to the linear elastic restoring force given by Hookes Law. The motion is sinusoidal in time and demonstrates a single resonant frequency. What is the relationship between the tension and weight in the system? What is Hookes law when applied to the system? Answer Oscillation of motion is has one set of equations can be used to describe and predict the movement of any object whose motion is simple harmonic. The motion of a vibrating object is simple harmonic if its acceleration is proportional to its displacement and its acceleration and displacement are in opposite direction. The second bullet point mean that are acceleration, and therefore the resultant force, always acts towards the equilibrium position, where the displacement is zero. Common examples of simple harmonic motion include the oscillations of a simple pendulum and those of a mass suspended vertically on a spring. The diagram shows the size of the acceleration of a simple pendulum and a mass on a spring when they are given a small displacement, x, from the equilibrium position. Figure 3.0 In the figure 3.0, the numerical value of the acceleration is equal to a constant multiplied by the displacement, showing that acceleration is proportional to displacement. Then, the negative value of the acceleration shows that it is in the opposite direction to the displacement, since acceleration and displacement are both vector quantities. Simple harmonic in a spring If you hang a mass from a spring, the mass will stretch the spring a certain amount and then come to rest. It is established when the pull of the spring upward on the mass is equal to the pull of the force of gravity downward on the mass. The system, spring and mass, is said to be in equilibrium when that condition is met. If the mass is up or down from the equilibrium position and release it, the spring will undergo simple harmonic motion caused by a force acting to restore the vibrating mass back to the equilibrium position. That force is called the restoring force and it is directly proportional to magnitude of the displacement and is directed opposite the displacement. The necessary condition for simple harmonic motion is that a restoring force exists that meets the conditions stated symbolically as Fr = -kx, where k is the constant of proportionality and x is the displacement from the equilibrium position. The minus sign, as usual, indicates that Fr has a direction opposite that of x. For example Figure 3.1 The crank rotates with angular velocity w. Then, the slide will slide between P1 and P. V2 = W2 (P2-X2) P = Amplitude or maximum point. V= Velocity of the slider. X = Distance from centre point due to velocity, v. W = Angular velocity of crank. = 2à Ã¢â€š ¬f f = = 1/T a = -w2x Simple pendulum A simple pendulum is just a heavy particle suspended from one end of an inextensible, weightless string whose other end in fixed in a rigid support, this point being referred to as the point of suspension of the pendulum. Obviously, it is simply impossible to obtain such an idealized simple pendulum. In actual practice, we take a small and heavy spherical bob tied to a long and fine silk thread, the other end of which passes through a split cork securely clamped in a suitable stand, the length (à ¢Ã¢â‚¬Å¾Ã¢â‚¬Å") of the pendulum being measured from the point of suspension to the centre of mass of the bob. In the figure 3.2, let S be the point of suspension of the pendulum and 0, the mean or equilibrium position of the bob. On taking the bob a little to one side and then gently releasing it, the pendulum starts oscillating about its mean position, as indicated by the dotted lines. At any given instant, let the displacement of the pendulum from its mean position SO into the position SA is ÃŽÂ ¸. Then, the weight mg of the bob, acting vertically downwards, exerts a torque or moment mg/sin ÃŽÂ ¸ about the point of suspension, tending to bring it back to its mean position, the negative sign of the torque indicating that it is oppositely directly to the displacement (ÃŽÂ ¸). Figure 3.2 If d2ÃŽÂ ¸/dt2 be the acceleration of the bob, towards 0, and I its M.I about the point of suspension (S), the moment of the force or the torque acting on the bobn is also equal to I.d2ÃŽÂ ¸/dt2. I = -mgà ¢Ã¢â‚¬Å¾Ã¢â‚¬Å"sinÃŽÂ ¸ If ÃŽÂ ¸ is small, the amplitude of oscillation be small, we may neglect all other terms except the first and take sin ÃŽÂ ¸ = ÃŽÂ ¸. I = -mgà ¢Ã¢â‚¬Å¾Ã¢â‚¬Å"ÃŽÂ ¸, Whence, = Since M.I of the bob about the point of suspension (S) is mà ¢Ã¢â‚¬Å¾Ã¢â‚¬Å"2. We have = = =  µÃƒÅ½Ã‚ ¸, Where =  µ The acceleration of the bob is thus proportional to its angular displacement ÃŽÂ ¸ and is directed towards its mean position 0. The pendulum thus executes a simple harmonic motion and its time period is given by T = 2à Ã¢â€š ¬ = 2à Ã¢â€š ¬ = 2à Ã¢â€š ¬ It being clearly understood that the amplitude of the pendulum is small. The displacement here being angular, instead of linear, it is obviously an example of an angular simple harmonic motion. Hookes law Vibration motion is an object attached to a spring. We assume the object moves on a frictionless horizontal surface. If the spring is stretched or compressed a small distance x from its equilibrium position and then released, it exerts a force on the object as shown in figure 3.3. From experiment the spring force is found to obey the equation F = -kx ~(iv) Where x is the displacement of the object from its equilibrium position (x=0) and k is a positive constant called the spring constant. This force law for springs is known as Hookes law. The value of k is a measure of the stiffness of the spring. Stiff springs have large K value, and soft springs have small K value. In the equation (iv), the negative sign mean that the force exerted by the spring is always directed opposite the displacement of the object. When the object is to the right of the equilibrium position, as in figure 3.3 (a), x is positive and F is negative. This means that force is the negative direction, to the left. When the object is to the left of equilibrium position, as in figure 3.3 (c), x is negative and F is positive, indicating that the direction the force is to the right. Of course, when x = 0, as in figure 3.3 (b), the spring is unstretched and F =0. Because the spring force always acts toward the equilibrium position, it is some time called a restoring force. A restoring force always pushes or pulls the object toward the equilibrium position. The process is then repeated, and the object continues to oscillate back and forth over the same path. This type of motion is called simple harmonic motion. Simple harmonic motion occurs when the net force along the direction of motion obeys Hookes law When the net force is proportional to the displacement from the equilibrium point and is always directed toward the equilibrium point. Figure 3.3: The force exerted by a spring on an object varies with the displacement of the object from the equilibrium position, x=0. (a) When x is positive (the spring is stretched). (b) When x is zero (the spring is unstretched), the spring force is zero, (c) When x is negative (the spring is compressed), the spring force is to the right. Conclusion As my conclusion, Newtons law was a very useful in nowadays because it is can use the 3 type of law to prevent any accidents in now generation. Firsts law is states that a force must be applied to an object in order to change its velocity. Seconds law is acceration of an object is directly proportional to the net force acting on it and is inversely proportional to its mass. Thirds law is whenever we push on something, it pushes back with equal force in the opposite direction. Second, harmonic oscillation is a type of forced and damped oscillation that is amplitude of a real swinging pendulum or oscillating spring decrease slowly with time until the oscillation stop altogether. This decay of amplitude as a function of time is called damping.

PESTLE analysis of the pharmaceutical industry

PESTLE analysis of the pharmaceutical industry The pharmaceutical industry not only develops but also produces and markets drugs licensed for use as medications. Pharmaceutical companies deals in generic and brand medications. They are subject to a variety of laws and regulations regarding the patenting, testing and marketing of drugs. Initially, The Indian pharmaceutical industry grew at a very slowly from 1947 to 1970, all due to the lack of incentives and the failure of the government which was unable to set-up a concrete regulatory framework. Now, the Industry is characterized by numerous governmental regulations and policy changes, stiff price controls, rigorous controls on formulations, and absence of international patent protection. During 1970, the Indian Patents Act (IPA) and the Drug Price Control Order (DPCO) were passed. Though DPCO acted as buffer against pharmaceutical companies making free pricing illegal, it fulfilled the goal of providing quality drugs to the public at reasonable rates. The Introduction of the IPA, which did not recognize product patents but only process patents provided a major thrust to the industry and companies which through the process of reverse-engineering, began to produce bulk drugs and formulations at lower costs. This led to high fragmentation in the industry, due to the emergence of a number of small firms. India Manufactures over 400 bulk drugs and around 60,000 formulations, which are distributed by 5,000,000 chemists all over the country. Indian pharmaceutical Industry is passing through a wave of consolidation, with the objective to strengthen their brand equity and distribution in what is essentially a branded-generics market. In the present, the growth of a domestic pharmaceutical company is critically dependent on its therapeutic presence. The old and mature categories like anti-infective, vitamins, and analgesics are de-growing while; new lifestyle categories like Cardiovascular, Central Nervous System (CNS), Anti-AIDS, Anti-Cancer and Anti Diabetic are expanding at double-digit growth rates. Various Pharmaceutical companies in India Ranbaxy Laboratories It is Indias largest pharmaceutical firm with the returns of Rs 4,198.96 Crore (Rs 41.989 billion) in 2007 Dr. Reddys Laboratories With a turnover of Rs 4,162.25 Crore (Rs 41.622 billion) in 2007, it is second largest drug firm in India by sales. Cipla it generated an annual revenue of Rs 3,763.72 Crore (Rs 37.637 billion) in 2007 and made it the third among largest pharmaceutical firms. Sun Pharmaceuticals Sun pharmaceutical Industries had an overall earnings of Rs 2,463.59 Crore (Rs 24.635 billion) in 2007. Lupin Labs Its total profit of Rs 2,215.52 Crore (Rs 22.155 billion) was in 2007. Aurobindo pharmaceutical Indias sixth largest pharmaceutical company by sales, Aurobindo posted Rs 2,080.19 Crore (Rs 20.801 billion) annual returns in 2007. GlaxoSmithKlineg With 2007 turnover touching Rs 1,773.41 Crore (Rs 17.734 billion, GSK is Indias seventh largest pharmaceutical firm. Cadila Healthcare Cadilas earnings was Rs 1,613.00 Crore (Rs 16.13 billion) in the fiscal year 2007, establishing itself as Indias eight largest drug company. Aventis pharmaceutical With an annual revenue of Rs 983.80 Crore (Rs 9.838 billion) in 2007, Aventis pharmaceutical has made a place for itself in the top ten pharmaceutical companies in India Ipca Laboratories Ipca is Indias 10th largest pharmaceutical company by sales and in 2007 it had a turnover of Rs 980.44 Crore (Rs 9.804 billion PEST ANALYSIS Political Factors There is political uncertainty, Combination of diverse political thoughts have got together to cobble together a rag-tag coalition. Hence any consistent political or economic policy cannot be expected. This muddies the investment field. The Minister in charge of the industry had been threatening to impose even more stringent Price Control on the industry than before. Thus it is throwing many investment plans into the doldrums. DPCO, which is the bible for the industry has in effect worked contrary to the stated objectives. DPCO nullifies the market forces from encouraging competitive pricing of goods dictated by the market. Now the pricing is done by the Government, based on the approved costs irrespective of the real costs. The country goes in for the IPR (Intellectual Property Rights) regime which is popularly known as the Patent Act. This Act impacts the Pharmaceutical Industry the most. Thus an Indian company could not escape paying a patent fee to the inventor of a drug by manufacturing it using a different chemical route. Indian companies went against this law and used the reverse-engineering route to invent alternate manufacturing methods. A lot of money was saved this way. This also encouraged competing company to market their versions of the same drug. This means that the impurities and trace elements that were found in different brands of the same substance were different both in qualification as well as in quantum. Therefore many brands of the same medicine were truly different. Here Branding actually meant quality and purer brand actually had pure active ingredients and lesser or less toxic impurities. Product patent regime will now eliminate all this. Patented drug would be manufactured using the same chemical routes and would be manufactured by the inventors or licentiates using the chemicals with same specifications. Hence all the brands with the same active ingredient will not have any difference in purity and impurities. The different brands will have to compete on the basis of non input-related innovations such as packaging, colour, flavours etc. Economic Factors Indians spends a very small proportion of their income on healthcare. This has stunted the demand and therefore the growth of the industry. Per capita income of avg. Indian as low as Rs. 12,890, therefore, spending on the healthcare takes a low priority. An Indian visits a doctor only when there is an emergency. This has led to a flourishing of unqualified doctors and spread of non-standardized medication. The Incidences of Taxes are high. Excise Duty (State Central), Custom Duty, Service Tax, Profession Tax, License Fees, Royalty, Pollution Clearance Tax, Hazardous substance (Storage Handling) license, income tax, Stamp Duty and a host of other levies and charges have to be paid. On an average it amounts to no less than 40-45% of the costs. The number of Registered Medical practitioners is low because of this. Due to which the reach of Pharmaceuticals is affected adversely. There are nearly 5million Medical shops. Also this affects adversely the distribution of medicines and also adds to the distribution costs. India is a high interest rate regime. Therefore the cost of funds is double that in America which adds to the cost of goods. Adequate storage and transportation facilities for special drugs are lacking. Studies had indicated that nearly 60% of the Retail Chemists do not have adequate refrigeration facilities and stored drugs under sub-optimal conditions. Thus affecting the quality of the drugs administered and of course adds to the costs. India has poor roads and railway network. Therefore, the time of transportation is higher. This calls for higher inventory carrying costs and longer delivery time. All this adds to the uncalculated costs. Its only during the last couple of years that good quality highways have been constructed. Socio-cultural Factors Poverty and associated malnutrition dramatically affected the incidence of Malaria and TB, preventable diseases continued to play havoc in India for decades even after they were eradicated in other countries. Poor Sanitation and polluted water sources ended the life of about 1 million children who were under the age of five. In India people preferred using household treatments which handed down for generations for common ailments. The use of magic/ tantrics/ hakims is still prevalent in India. Increasing pollution has added to the healthcare problem. Smoking, drinking and poor oral hygiene is still adding to the healthcare problem. Large joint families transmit communicable disease among the members. Cattle-rearing encourage diseases that are communicated by animals. Early child bearing affects the health standards of women and children. Ignorance of inoculation and vaccination has prevented the eradication of diseases like polio, chicken-pox, small-pox, mumps and measles. Technological Factors Advanced machines have dramatically increased the output and reduced the cost. Computerization has boosted the efficiency of the Pharma Industry. Newer medication, active ingredients are being discovered. In January 2005, the Government of India had more than 10,000 substances for patenting. Ayurveda is now a well recognized science and hence is providing the industry with a cutting edge. Advances in Bio-technology, Stem-cell research have given India a step forward. Humano-Insulin, Hepatitis B vaccines, AIDS drugs and many such molecules have given the industry a pioneering status. Newer drug delivery systems are the innovations of the day. The huge unemployment in India prevents industries from going fully automatic as the Government as well as the Labour Unions voice complains against such establishments. Legal Environment The pharmaceutical industry is now a highly regulated and compliance enforcing industry. As a result of which there are immense legal, regulatory and compliance overheads for the industry to absorb. This tends to restrict its dynamism but in recent years, government has begun to request industry proposals on regulatory overheads to encourage innovation in the face of mounting global challenges from external markets. In Pharmaceutical industry, there is huge PSU segment which is highly inefficient. The Government puts the surpluses generated by efficient units into the price equalization account of inefficient units thus unduly subsidizing them. On a long term basis this has made practically everybody inefficient. Effective the January, 2005 the Government has shifted from charging the Excise Duty on the cost of manufacturing to the MRP thereby making the finished products more costly. Just for a few extra bucks the current government has made many a life saving drugs unaffordable to the poor. The Government provides extra drawbacks to some units located in specified area, providing them with subsidies that are unfair to the rest of the industry, bringing in a skewed development of the industry. As a result , Pharmaceutical units have come up at place unsuitable for a best cost manufacturing activity. S.W.O.T. Analysis of Pharmaceutical Industry Strengths Cost of production is low. Large pool of installed capacities Efficient technologies are present for large number of Generics. Huge amount of skilled technical manpower. Increase in liberalization of government policies. Opportunities Aging of the world population. Increasing incomes. Growing attention towards health. New diagnoses and new social diseases. Spreading prophylactic approaches. Saturation point of market is far away. Better therapy approaches. Better delivery systems. Spreading attitude for soft medication (OTC drugs). Spreading use of Generic Drugs. Globalization Easier international trading. New markets are opening. Weakness Fragmentation of installed capacities. Low technology level of Capital Goods of this section. Non-availability of major intermediaries for bulk drugs. Lack of experience to exploit efficiently the new patent regime. Very low key RD. Low share of India in World Pharmaceutical Production (1.2% of world production but having 16.1% of worlds population). Very low level of Biotechnology in India and also for New Drug Discovery Systems. Lack of experience in International Trade. Low level of strategic planning for future and also for technology forecasting. Threats Containment of rising health-care cost. High Cost of discovering new products and fewer discoveries. Stricter registration procedures. High entry cost in newer markets. High cost of sales and marketing. Competition, particularly from generic products. More potential new drugs and more efficient therapies. Switching over form process patent to product patent. To make India a potentially strong pharmaceutical hub following weakness has to be overcome with: Low investments in innovative RD and lack of resources in order to compete with MNCs for New Drug Discovery and to commercialize molecules on a worldwide basis. Lack of strong linkages between industry and academia. Low medical expenditure and healthcare spend in the country Production of spurious and low quality drugs tarnishes the image of industry at home and abroad. RD efforts of Indian pharmaceutical companies hampered by lack of enabling regulatory requirement. Despite of unique strengths like expertise in process chemistry, availability of abundant and high quality talent, and growing hospital infrastructure, the country still accounts for less than 1 percent of the US$ 130 billion in worldwide spending in pharmaceutical research and development. Remedies: CRAMS: Inherent competitive advantages and cost-effective manufacturing capabilities has now become one of the most preferred destinations for Contract Research and Manufacturing Services (CRAMS). India has huge potential to tap the $20 billion CRAMS business that is expected to reach $31 billion by 2010. India has opportunity to grab this business. Pharma multinationals are also exploiting Indias competencies in the field of information technology and its strong and low cost IT skill sets by setting up centres for their global clinical data management functions in India. CRO: Contract able researches also offer significant opportunity to the Indian pharmaceutical industry that is becoming a global RD hot-spot for innovative pharmaceutical companies. The global contract research opportunity was $14 billion in 2006 and was expected to reach $24 billion by 2010. Identifying opportunities enablers. To Map Indian pharmaceutical industry to realize its full potential and to become globally competitive. Addressing global challenges that impact India pharma industry. Global alliances, Mergers and Acquisitions. Government should provide infrastructures for talent research. Providing regulatory protection. Giving financial incentives to encourage innovations research. Encouraging public -private partnership in infrastructure development. Example of overcoming threats and grabbing new opportunities 1. The lack of research and development (RD) productivity, expiring patents, generic competition and high profile product recalls are driving the mergers and acquisition (MA) activity in the sector. The Lots of mergers and acquisitions in the past shows that the Indian pharma industry is all set to take on the global markets. Nicholas Piramal has acquired 17 per cent in Biosyntech, a Canadian pharma packaging company in July 2005. While in June 2005, Torrent acquired Heumann Pharma, a generic drug company that was earlier a part of Pfizer. Matrixs acquisition of the Belgian firm Docpharma was the largest acquisition deal. Sun Pharmaceutical Industries has announced its plan for acquisitions in the US. Indian generic companies are increasingly fighting patent cases on these secondary patents and Resulting in earlier generic entry hence contributing to affordability of drugs in developed countries Indian companies still continues to market and export generic drugs which are off patent. US is the ideal destination for Indian companies. In US alone, major blockbuster drugs are going off patent in next few years. Further it is estimated that generic market can reach US $ 80 billion in coming few years in value terms and Indian companies stand a good chance of tapping a major chunk of this pie. 2. Lupin being among the top three Indian pharmaceutical companies by 2007 and aimed at achieving the US$ 1 billion mark. In order to compete with the foreign players, Indian pharma companies have started strengthening RD activities, entering the global generics market, venturing into contract research and started exploring segments like herbals and ayurveda; while have already established foreign pharma companies established RD centres and clinical trial centres in India to cut drug delivery costs. Lupin too made significant investments in RD, infrastructure, exports, herbal markets and other therapeutic segments to compete effectively with domestic and global pharma majors. According to Lupins top management, As the country switches on to the product regime, radical changes are expected to affect the pharmaceutical sector. A deep-rooted shift in business policy has taken place within the company by placing a strong emphasis on RD to create proprietary intellectual property. The bud get for this activity was stepped up substantially during the year to ensure that the company has a complete portfolio of products to take on the patent regime. 3. The downfall of many companies is due to not changing with the style of marketing. The analysis of Indian companies revealed that their progress is basically from the new products. Cipla has shown a tremendous growth in the market only due to focus on the new product hence they became No. 1 in 2004. Similarly, the Sun Pharmaceuticals have shown a phenomenal growth by adopting same strategy. This has resulted in their occupying 5th position in 2004. The new product success rate is going down because the companies are more interested in introducing new products and generating volume sales and not brand building. There are very few products which could have registered more than 1 Crore sales. The current scenario in the pharmaceutical industry is to launch new product then get some market share and if the response is good, pick up the brand and build the same in subsequent years.This has given dividend to companies like Ranbaxy, Cadila, Cipla, Sun Pharmaceuticals.