Problems facing air zimbabwe and how to solve them free essay sample

Air Zimbabwe, the significant carrier of Zimbabwe has been confronting enduring misfortunes for as far back as decade (since 1994), because of different reasons some of which has lead to the most noteworthy recorded degree of work turnover in the nation (CEO’s report in Zimbabwe Review). This has been inferable from factors like poor administration from the subordinates and furthermore terrible exposure from the area. Additionally absence of legitimate and modern innovation has a contributing element towards the misfortunes. Poor cost cutting systems Air Zimbabwe has been rehearsing poor cost cutting procedures. This has seen it pulling out of rewarding courses which secured a generous measure of their expenses for instance the Harare to DRC, Harare to Dar Es Salaam, Harare to Lilongwe and furthermore Harare to Nairobi courses in their offer to reduce expenses (Zimbabwe Review). Albeit as indicated by the CEO, Dr. P. Chikumba hauling the trips out was a brief measure inferable from the operational difficulties, absence of legitimate administration and following of progress made them into feeling that they were in an ideal situation without the courses. We will compose a custom article test on Issues confronting air zimbabwe and how to comprehend them or on the other hand any comparable point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page This prompted misfortunes since the courses they had were not as gainful and ready to meet all the expenses being brought about by the aircraft. This likewise prompted the staff turnover; laborers discovered that the organization was currently neglecting to respect their obligations so it was simpler for them to go out for greener fields. Guideline and assents Regulations and approvals from significant carriers likewise add to the airline’s enduring obligation and somewhat work turnover. There is no aircraft that gets by on its own similarly as there is no island that can make due all alone. Air Zimbabwe has been closed out from different associations and furthermore from the IATA because of approvals from different nations (Zimbabwe Review). Despite the fact that this has to do with the outer condition it is constraining its odds of ever getting in worthwhile courses that promise them gainful returns. In many occasions air Zimbabwe’s planes are precluded from entering certain air space as its planes are considered risky and furthermore untrustworthy. So as to fulfill the clients all they presently do is to take a shorter course to the center nation (I. e. South African) and the travelers are taken to their different goals from that point. This is fairly not rewarding for Zimbabwe since there is less salary contrasted with the occasion wherein air Zimbabwe moved the travelers itself. For this situation year on year its misfortunes increment as an ever increasing number of nations are esteeming the planes via air Zimbabwe hazardous to consume their air space. Substantial obligations Past obligations have been frequenting the aircraft since it has been neglecting to respect them as right on time as 1994 and as of now the greater part of its income is being credited to the installment of the obligations (Zim obligation March, 2012). This has leaded it into being kicked out of IATA in the wake of having neglected to respect an enormous obligation from IATA of about US$140 mil and US$ 35 mil worth of wages and pay rates. Its endeavors to go territorial in association with Air Malawi, Air Mauritius, Zambian aviation routes Tanzania aviation routes and Kenya have come to nothing as the aircrafts dread absence of compelling commitment from the carrier since it is in tremendous obligation (newzimbabwe. com 2012). Aside from the way that the carrier had a colossal obligation, its inability to go into organizations was likewise because of air Zimbabwe’s absence of enraptured modern relations with different aircrafts. Since the aircraft has no accomplices the carrier will in general compensation a ton as far as air space and landing costs which is prompting them obtaining misfortunes year on year. As of late Airline settled an obligation of 1. 5 million US$ to discharge an appropriated plane on London Gatwick Airport. Plane was seized by American Aviation firm and now Air Zimbabwe trips to South Africa are additionally not continued on the grounds that administration has a dread over lenders that they may appropriate their planes (Zim obligation March, 2012) Lack of planes Air Zimbabwe is presently unfit to work a few courses because of their absence of airplanes. All things considered the association claims 10 planes some of which have been lying inactive in holders because of absence of fuel and fixes which is driving the carrier to fall back on different methodologies. For instance; air Zimbabwe is renting airplanes since they have pulled back theirs from the essential goals (Newsday 2012). Air Zimbabwe is renting Zambezi aircrafts to support the Harare to Johannesburg course and as of late they have likewise included the Harare Victoria Falls course also. This implies Zambezi carrier is working those courses in the interest of air Zimbabwe at a charge. This is fairly costly as all the expenses acquired by the aircraft in understanding to the courses are met via air Zimbabwe. In spite of the fact that this is a respectable move the aircraft is confronting significant expenses prompting their enduring misfortunes. Absence of cutting edge/new innovation According to (CEO’s report in Zimbabwe Review), air Zimbabwe is presently working with old and obsolete innovation in contrast with different carriers. Its gear is presently old and ugly that clients question the wellbeing of the planes prompting them getting onto different planes and furthermore evading from air Zimbabwe. Absence of selection to new innovation claims to their inability to meet the expenses for acquiring the innovation. This has driven air Zimbabwe into purchasing inadequate products. A model is the point at which the administration of Air Zimbabwe dropped inside from Avis insides with lost $250,000 and supplanted the inside with rather, second hand inside from American general providers. This shows poor administration and nearsighted view from the administration since they neglected to anticipate the misfortune and furthermore the unacceptable merchandise they purchased would not keep going long. This absence of adjustment to new innovation is prompting the association being uncompetitive in the market. This is so in light of the fact that the market is presently overwhelmed with rivals who have mechanically propelled gear which is indicating proficiency and serious for example the South African aviation routes is utilizing 21st century innovation making it extremely alluring to the clients. (newzimbabwe. com 2012) Flight retractions Rampant scratch-off of flights is likewise a significant test that has constrained numerous flyers to settle on other specialist organizations. Since the president doesn't have his own private plane he turns to utilizing the national plane for his utilization if he is leaving the nation (newzimbabwe. com 2011). This implies when he is going out the aircraft defers all the appointments for the day bringing about individuals deferring their excursions accordingly losing confidence in the carrier. Since individuals would have lost confidence in air Zimbabwe the carrier will in general lose salary and income and sine they face high fixed costs everything they can do is keep confronting constant misfortunes. Government overheads (consideration on different divisions dismissing the business) Since air Zimbabwe is a parastatal there is requirement for the legislature to appropriations for it to work appropriately (Newsday 2011). Anyway the legislature isn't doing as such since it is confronting genuine overheads. Likewise the administration is ordered to think about the government assistance of the general public so there is thought of different parts for instance the agrarian area, the wellbeing division and the training segment. This would then leave deficient assets to appropriations for the carrier hence its proceeded with decay throughout the years. In such cases, those with essential aptitudes that is, engineers, budgetary supervisors and even bookkeepers whose occupations are not fixed in the carrier business search somewhere else for work, there had been a genuine turnover in those offices as the individuals are not being enough compensated. (Newsday 2011). High work turnover Air Zimbabwe is likewise confronting a high work turnover because of poor administration methodologies, neglecting to rouse their laborers to remain and furthermore they do not have a decent compensation system prompting individuals going a long time without a compensation. Air Zimbabwe is additionally unfit to fulfill the requirements of its laborers for its laborers don't have plummet motivations. This has lead to genuine mechanical activities that are undesirable for such a major association like air Zimbabwe. As indicated by a contextual analysis done via (Air Zimbabwe Overstaffed 2012), air Zimbabwe’s inability to pay laborers prompted strikes which saw around 400 specialists striking out of which 50 of them were pilots and it prompted the planes being grounded. Without the pilots there was no real way to ship the booked travelers so they needed to drop every one of their flights and individuals lost confidents in the aircraft through and through. Suggestions to the up to issues confronting the business In request for air Zimbabwe to return to its feet and begin being serious genuine proposals ought to be set up. As a CEO of the carrier recommendations to be made would be founded on the exact model considered by other aircraft businesses that confronted comparable difficulties. Conservation Air Zimbabwe utilizes more than 1400 specialists some of which are either not beneficial at all or who don't fit the choice measures. In such occasions there is a need to complete a human asset review where there would be evaluation of personnel’s specialized capability to run the carrier (digitaljournal. com). In this manner there is simple cutting of pointless workforce leaving just fitness ones fit for taking care of the business. Representative inspiration (on both money related and non budgetary impetuses) It is a reality that air Zimbabwe workers are not roused at all which is prompting their low working assurance (CEO of air Zimbabwe). There is have to propel the laborers by accommodating their non money related need just as compensating them decently and seriously so that there would be diminished turnover and furthermore safeguard a high working spirit. As per (www. insiderzim. com) there is requirement for serious compensation for the te

Genetics and human behaviour free essay sample

I was uneasy when asked by the Nuffield Council on Bioethics to seat the Working Party which has delivered this Report. To begin with, on the grounds that the subject has a revolting history: inside living memory debased science was put at the administration of philosophies that prompted the enslavement and even killing of individuals decided to be hereditarily ‘inferior’. Furthermore, in light of the fact that cutting edge social hereditary qualities is wealthy in guarantee at the same time, so far, poor in hard evident proof. Thirdly, in light of the fact that it appeared to be improbable that one would have the option to arrive at any concurred suggestions in this profoundly unpredictable and dubious field. Every one of these apprehensions have been dispersed in the course of recent years in which the Working Party has met multiple times, held six certainty discovering meetings with in excess of twenty specialists, dispatched surveys of the logical proof, and attempted an open discussion. It turned out to be evident that this examination, accepted to be the first of its sort, is important on the off chance that we need to maintain a strategic distance from the errors of the past, make an unbiased appraisal of the rising logical proof, and arrive at legitimate good and lawful decisions about the potential utilizations of the exploration. We will compose a custom paper test on Hereditary qualities and human conduct or on the other hand any comparative subject explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page The concurred suggestions are significant, yet maybe considerably progressively critical are the cautious clarification that we have endeavored to give of the techniques for explore here, the evaluation of the present proof for hereditary effects on conduct, and the reasonable conversation of the moral and lawful decisions that lie ahead. Our desire is that this Report will help non-masters to comprehend what conduct hereditary qualities tries to accomplish, what has up to this point been accomplished and similarly critically, what amount has not yet been accomplished. We trust that it will advance an educated discussion between researchers, strategy creators, and the lay open about the moral and lawful ramifications. I should jump at the chance to thank the individuals from the Working Party for their difficult work and devotion; working with them was a charming and animating experience. We are for the most part thankful to Dr Sandy Thomas, Director of the Nuffield Council on Bioethics, for her direction and sound judgment. Tor Lezemore made a really extraordinary commitment as our innovative recorder, editorial manager and secretary; her shimmering funniness and excitement propped us up. Much appreciated are additionally due to Julia Fox, Yvonne Melia, Susan Bull, Natalie Bartle and Nicola Perrin for their help. At long last, since this is the last Report which will be distributed under Sir Ian Kennedy’s chairmanship of the Nuffield Council on Bioethics, I should jump at the chance to pay tribute to his gigantic commitment to bioethics as a rule, and to his job as guide of this Working Party specifically. Affirmations The Working Party wishes to thank the numerous associations and people who have helped its work, especially the individuals who went to truth discovering gatherings or submitted reactions to the open interview. The Working Party is exceptionally appreciative to Professor Sir Robert Hinde, Professor Erik Parens, Professor Nikolas Rose, Tim Radford and Professor Sir Michael Rutter, who all surveyed a prior draft of the Report. Their remarks contained valuable reactions and proposals for additional conversation, which were very useful. The Working Party might want to thank the accompanying people from whom it dispatched papers inspecting the logical proof in inquire about in social hereditary qualities: Professor John Crabbe, Professor Jeffery Gray, Professor Nicholas Mackintosh and Professor Terrie Moffitt. The Working Party is additionally thankful to people who reacted to demands for exhortation on explicit pieces of the Report, including Dr Jonathan Flint, Mrs Nicola Padfield and Professor Mark Rothstein.

College Term Papers Writing Tips

College Term Papers Writing TipsWhen it comes to college term papers, one of the most important parts is getting the proper knowledge about the subject. It's also a requirement for the college admission. Therefore, there are some tips that students can follow in order to get the best.Before you begin writing your term papers, you should make sure that you have all the essential information and knowledge about the topic. As well as the topic will directly affect the content of your term papers. So, you should make sure that you have a good grasp about the topic.But most importantly, you should consider the assignment before writing your term papers. You should go through your assignments beforehand so that you will know what to write on the subject. If you are not sure about the topic, you should refer to any worksheets available to make the concept clear.It's also important that you should have a sense of humor when writing your term papers. Even if you don't know much about the topi c, it will not matter because there are times when you might be able to convey the concepts in an interesting way. Besides, you should also be able to express yourself in a clear and simple manner.There are instances when students will have difficulties in writing their term papers. This is because they can't express themselves in a concise manner. This can be attributed to them having an inability to come up with creative ideas.It is also important that you should be able to manage the subject matter well in your term papers. And the main aspect to this is to make sure that you write each topic thoroughly. Besides, you should make sure that you include a paragraph which makes reference to the content of the term paper.Another important factor when it comes to writing your term papers is the topic. Students should know that writing term papers doesn't come easy and requires great focus. Students should be able to do a thorough research first before they actually begin writing their term papers.Term papers are written in order to get a proper education. This is why it is important that students write each topic well. Besides, you should also take note of the essence of the topic.

Superstition Of Science, Religion, Harmful Superstition

Superstition in the, â€Å"Joy Luck Club,† is a method used by the mothers to provide comfort and guidance to their daughters, or to scare the daughters into submission. In the book, many times do the mothers resort to using superstition to keep their daughters in line. For example, in page 164, Lena says,†Ã¢â‚¬  Aii, Lena,† she had said after that dinner so many years ago, â€Å"your future husband have one pock mark for every rice you not finish.†Ã¢â‚¬  This of course scares Lena into finishing the rest of her rice because she fears that her future husband will have many pock marks because of her failure to eat the rest of her rice. In the article,† In Age of Science, Is Religion Harmful Superstition’?† religion is a harmful way to keep people in the dark†¦show more content†¦Religion isn’t just about people worshipping a god. It’s about following a faith and its morals. Throughout history, people of religious b ackgrounds such as James Prescott Joules have made significant contributions to science despite the Church condoning it. Superstition is also used to provide a sense of comfort and clarity to their daughters. To illustrate, in page 206, Rose said,† I used to believe everything my mother said, even when I didn t know what she meant.† Whenever her mother said something she would pass it on as true no matter how fallacious it sounded. This is because humans usually accept the truth that benefits them the most. Now one day in kindergarten I learned that our house was near the Gulf of Mexico, so I was pretty scared about a tsunami engulfing the house in water so I asked my mom and she said, and I quote,† That would never happen, the U.S. has a forcefield around the country to protect us from that.† It wasn’t till around second grade when I figured out that she was lying but I now understand why she did that. Mostly because she wanted me to stop crying but also to comfort me and hide my innocence from the reality of the world. The mothers of the Joy Luck Club have good reason t o use superstition and lie to their daughters. It usually makes life easier and makes the daughters somewhat comforted, but it should not be confused with actual religion because religion is more than just a ‘coping’ method. – 650 words TheShow MoreRelatedMedieval Medicine, Illogical and Superstition Essay1746 Words   |  7 Pagestaxes and making laws. The Bubonic Plague spread to Europe, the plague killed about 75 million people of world died from one single cause. Many superstitions were created cause of the Black Death, generate idea that were thought to prevent the plague but really did. Medicine was also not being studied carefully and correctly at the time. Not a lot of science was being use to conduct and create medical procedures and medicinal drugs. Medicine in the middle ages was primitive caused improper practiceRead MoreSuperstition Informative Speech1490 Words   |  6 PagesInformative Speech Specific Goal: To inform my audience about the myths and mysteries surrounding Superstitions and how they have transitioned through time. Thesis Statement: In this essay I will uncover the history and origin of superstitions, common superstitions and what their meaning, and religion superstitions in todays society. Introduction A. Happy Birthday to you. Happy birthday to You. Happy Birthday Happy Birthday Happy Read MoreGandhi s Theory Of The Indian Subcontinent s Enslavements1067 Words   |  5 Pageseducation. The Vedas is the major text for the Hindu religion. In this fashion, Tolstoy builds on his argument that the Hindu religion sets law of love at the centermost part of it, in addition to demonstrating that he is fairly familiar with the Hindu literature. In the letter, Tolstoy deduces that religion and â€Å"lack of a reasonable religious teaching† is the cause behind India’s invasion by the British. He infers that Christianity or the religion of the English is inferior to Hinduism in terms ofRead MoreEssay about On the Existence of God1753 Words   |  8 Pagesas an atheist (the absence of belief in God), I have to say, like he did when he was alive, that religion is little more than superstition. Despite any positive effects that religion might have in societies, it is mostly harmful to people. Religions and religious outlook serve to impede human knowledge (science) and to foster fear and dependency on other (clerics) which are supposed to know. Religions are responsible for much of the human war, oppression, and misery that are besetting our world todayRead MoreThe Witch s Hammer : A Treatise On The Prosecution Of Witches1742 Words   |  7 Pagestreatise on the prosecution of witches, written in 1486 by Heinrich Kramer, a German Catholic clergyman. The book was first published in Speyer, Germany, in 1487. (3)Malleus Maleficarum is Latin for The Hammer Of The Witches. Maleficarum means harmful magic, or Witchcraft. Hexenhammer† in German is one of the most famous medieval treatises on witches. It was written in 1486 by Heinrich Kramer and Jacob Sprenger, and was first published in Germany in 1487. (3) Its main purpose was to challengeRead MoreThe Understanding of Medicine of the Ancient Romans1364 Words   |  5 PagesRoman’s based their medical practices on science along with their religious beliefs. This resulted in a system of effective treatments and transcendental practices. Not only did the Ancient Romans base their medical practices off of their sacred religion and their scientific theories, but they also incorporated it with superstition. A man named Tacltus, who was not only a historian, but a senator of the Roman Empire, spoke of Rome as a city where superstition interpreted everything, and said thatRead MoreThe World And Various Religious Phenomena1363 Words   |  6 Pagesand various religious phenomena are based on false premises. In a real sense, there are two significant threads which religion has followed, since the ancient times. ; The line of Shem and the priesthood, and that of Nimrod and the Babylonians. Three mystery cults were developed, and the basis of the Babylonian system was animism (Meyer, 2010). In general, the history of religion refers to different compositions of systematically written religious experiences and ideas from humans. The earliest evidenceRead MoreEssay on Immanuel Kant (1724 - 1804)1093 Words   |  5 PagesMet aphysics of Morals (1785). The Enlightenment was a desire for human affairs to be guided by rationality than by faith, superstition, or revelation; a belief in the power of human reason to change society and liberate the individual from the restraints of custom or arbitrary authority; all backed up by a world view increasingly validated by science rather than by religion or tradition. (Outram 1995) In the eighteenth century, people started questioning the authority and knowledge of the churchRead MoreReligion and its Effect on Society and Individuals Essay1603 Words   |  7 Pagesof life have also changed. However, the one aspect of life that has stayed constant has been religion. The impact of a constant religious opinion on a changing society has detrimental and benign effects on the populace of such a society. Religion was partly created in an effort to answer the questions that couldn’t be answered in any other way; to provide an explanation for the unexplainable. Each religion in turn has it’s own version of a higher being in which to believe. Giving this higher beingRead MoreThe Age of Enlightenment Essay2088 Words   |  9 Pagesphilosophers of the time and eventually being shared with the common people. The Enlightenment was a way of thinking that focused on the betterment of humanity by using logic and reason rather than irrationality and superstition. It was a way of thinking that showed skepticism in the face of religion, challenged the inequality between the kings and their people, and tried to establish a sound system of ethics. The ideas behind the Enlightenment were shared through multiple media such as literature and art

Investment discussions - Free Essay Example

Sample details Pages: 5 Words: 1537 Downloads: 8 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? GENERAL INVESTMENTS DISCUSSIONS 1 All investors must make a decision whether to use hybrid, active or passive portfolio management system while investing in stocks and securities. The type of management system that an individual chooses can determine the success or failure of the person making the investments. Active and passive strategies have their own advantages and disadvantages. One main advantage of passive strategy is that little work is required, and the fees charged are low. This is because an investor does not have the need to pay portfolio managers and security analysts to carry out a research on the stocks, and make decisions for the investor (Barnes, 2009). Don’t waste time! Our writers will create an original "Investment discussions" essay for you Create order Wieland (2010) denotes that a passive investment strategy has a rate of return of 7% per annum. This, Wieland (2010) denotes that is the main disadvantage of a passive investment strategy. That is, an investor will not get a high return for his or her investments. Barnes (2009) denotes that an active strategy will incorporate a method in which an investor seeks to buy bonds or stocks expecting a high return. On this basis, its main advantage over passive strategy is that an investor can acquire unlimited return. However, this method is very expensive, and there is no guarantee of success. It is important to denote that approximately 80% of actively managed stocks usually underperform (Barnes, 2009). Those that perform well are not consistent over the years. On this basis, the best form of portfolio management is the hybrid system. This is because it is a combination of the passive and active investments strategies (Wieland, 2010). On this note, the hybrid system combines the advantages of these two investments strategies, as well as mitigating their disadvantages. Question Number Two: Toporowski (2010) denotes that one major strength of a projected P/E is its ability to explain the degree of confidence upon which investors have on a company. Toporowski (2010) further denotes that a P/E which is low in value will imply that investors do not have confidence with the company. On the other hand, a P/E which is high will denote that investors have confidence with the company. Investors will therefore purchase the various securities and stocks of these companies. On this note, the projected P/E ratio provides a guideline in which investors will know a company that performs well or not. However, the P/E ration has limitations. This is because the P/E ratio uses earnings as its indicator. It is important to denote it is possible to manipulate the earnings of a company. On this note, it is therefore possible to distort the P/E ratio of a company (Toporowski, 2010). However, one disadvantage of P/E is that it does not factor in the debts of the company; in fact, it only puts an emphasis on the price and market capitalization of the company under consideration. CAPE on the other hand is a technique which has the capability of predicting long term returns of a financial investment/security. However, it is unable to predict short term returns on a financial investment (Madura, 2012). Question Number Three: Grannum (2012) denotes that high frequency market leads to an increase in volatility. This in turn leads to a high liquidity in the securities market (Grannum, 2012). An increase in liquidity that is brought forth by high volatility is not a good thing for the securities market. This is because it increases speculations, which in turn will either reduce or increase the prices of the stocks or financial securities. It is important to denote that an increase in volatility increases the levels of changes of a stock. This is a conducive atmosphere for speculative trading to take place (Lee, 2011). This unpredictable change is therefore not conducive for an investor, therefore adding volatility by adding liquidity is not justified. This unpredictable change in the stock prices are brought about by speculative investor (Grannum, 2012) . It is also important to denote that fast-paced trading at the market is disadvantageous to other participants. This is because an order can be bought or sold before these people make a bid or request for the order under consideration. Flash orders on the other hand involves sending a certain stocks to certain investors such as banks, or even hedge funds before those shares are rolled out at the securities market. However, this service is controversial, with some investors accusing the stock exchanges of creating two markets, and being biased to another. They also denote that flash orders promote the trading ahead of orders by a small number of selected investors (Lee, 2011). However, it is important to denote that flash orders help to create liquidity, and they are in no means upfront trading. This is because they only last a matter of seconds, and this is enough for firms using a high frequency trading technique to respond. Flash orders are also small in number, and they cannot make any significant change in the market (Lee, 2011). Even though controversial, this technique of trading is legal under regulation 602 of stock market rules. Question Number Four: Greater openness by the Fed is a good issue, and this is because by communicating, the Fed is giving guidance to investors on how to invest, and the performance of the economy. Through better communication, the Federal Reserve will help the actors of the market to make good investments decisions, ensuring a return to their investments. Take for example when the Federal Reserve denotes that it is going to keep interests at a very low rate for a long period of time. By giving out this information, monetary organizations will be willing to lend money to people at a very lower rate (Hens and Rieger, 2010). It is important to denote that the Federal Reserve will always create some market waves through the information that they provide. This is because such kind of information will always affect the future of the countryà ¢Ã¢â€š ¬Ã¢â€ž ¢s monetary market. But, it is also important to denote that failing to provide the information under consideration will lead to uncertainties amongst investors. On this note, they will try to make their investment decisions through guesswork (Kaeppel, 2009). Hen and Rieger (2010) observe that these traders will not like it if the Federal Reserve fails to provide relevant information concerning the performance of the economy. This is because they depend on the information provided to make investment decisions (Hens and Rieger, 2010). To balance the various concerns regarding recession and inflation, the Federal Reserve should create policies that will help them monitor how people are spending their money, at the same time creating a policy that will encourage people to save some of their monies. Question Number Five: In my own opinion, the use of derivative is beneficial to the market. This is because if they are used effectively, derivatives can help investors to make profits from rate shifts in the currency exchange, changes in equity markets, and interest rates, and from changes in the international supply and demand of agricultural commodities and industrial metals. It is important to denote that there are two major benefits of derivatives, namely risk management and price discovery (Kawai and Prasad, 2011). Under price discovery, it is important to denote that the market prices of various stocks depend on the continuous movement of information. Information on factors such as debt default, refugee displacement, climatic conditions, environmental factors and political situations play a role in influencing the future prices of stocks. Information concerning these factors and the manner in which people absorb this type of information constantly affects the future price of the commodity under consideration (Sabalot, 2012). This is an aspect referred to as price discovery. It is important to denote that some derivative contracts are always based on these stocks. Another important function of the derivative market is the risk management role. Risk management refers to the process of identifying the desired and actual levels of risks, and altering the actual level of risk, to be equal to the desired level of risks. This process of risk management can fall under the categories of speculation and hedging. Hedging is referred to as a strategy or reducing risks by holding a market position. Speculation on the other hand refers to predicting the manner in which a market will move. Speculation, hedging and derivatives are an effective methods of managing risks by investors. References: Barnes, P. (2009). Stock market efficiency, insider dealing and market abuse. Farnham, Surrey, England: Gower. Grannum, S. D. (2012). Securities arbitration 2012. New York, NY: Practising Law Institute. Hens, T., Rieger, M. O. (2010). Financial economics. Berlin: Springer. Kaeppel, J. (2009). Seasonal stock market trends the definitive guide to calendar-based stock market trading. Hoboken, N.J.: John Wiley Sons. Kawai, M., Prasad, E. (2011). Financial market regulation and reforms in emerging markets. Washington, D.C.: Brookings Institution Press. Lee, R. (2011). Running the worlds markets the governance of financial infrastructure. Princeton, N.J.: Princeton University Press. Madura, J. (2012). International financial management (11th ed.). Mason, OH: South-Western, Cengage Learning. Sabalot, D. A. (2012). Butterworths securities financial services law handbook (13th ed.). London: LexisNexis. Toporowski, J. (2010). Why the world economy needs a financial crash and other critical essays on finance and financial economics. London: Anthem Press. Wieland, V. (2010). The science and practice of monetary policy today the Deutsche Bank Prize in Financial Economics 2007. New York: Springer.

Revenue-Recognition Problems in the Communications...

9-107-025 REV: AUGUST 23, 2007 PAUL HEALY Revenue-Recognition Problems in the Communications Equipment Industry On November 21, 2000, Lucent Technologies announced that it was revising its fourth-quarter results as a result of revenue-recognition problems discovered by its auditors during the year-end financial review. The revision lowered revenues by $125 million and earnings per share by 2 cents from 18 cents. In response, Lucent’s stock price fell by 16%, to $17.56. One month later, on December 22, Lucent announced that after a more comprehensive review, revenues for the fourth quarter would need to be adjusted downward by $679 million, to $8.7 billion, and that earnings per share would be revised from the initially predicted 18†¦show more content†¦In October, Richard McGinn, its chairman and CEO, was replaced by former CEO Henry Schacht. Exhibit 2 shows key news events for Lucent during 2000. Lucent attributed the revenue revisions affecting fiscal 2000 (its fiscal year ended on September 30) to a variety of factors. The initial $125 million adjustment was due to â€Å"mi sleading documentation and incomplete communications between a sales team and the financial organization with respect to offering a customer credits in connection with a software license.†1 The company stated that the recorded sale did not meet its revenue-recognition rules. As a result, one employee was fired, and disciplinary action was taken against several others. In subsequent revisions announced on December 22, Lucent took back $452 million in equipment that had been sold to systems integrators and distributors but not been passed on to customers because of their weakened financial condition. Lucent noted that in â€Å"verbal agreements† it had agreed to take back the equipment, and it resolved to fulfill this commitment to preserve customer relationships. Also, the company discovered that sales teams had verbally offered credits to customers for use at a later date to help secure fourth-quarter sales. It decided to reflect the credits as expenses in the fourth qu arter, reducing revenues by $74 million. Finally, revenue had beenShow MoreRelatedRevenue Recognition Problems in the Communications Equipment Industry1322 Words   |  6 Pagesï » ¿ Financial Reporting and Analysis – ACG6175 Date: 5/18/09 Revenue Recognition Problems in the Communications Equipment Industry 1 – In late 2000, Lucent announced that revenues would be adjusted downwards by $679 million as a result of revenue recognition problems. Yet the firms market capitalization plummeted by $24.7 billion. Why do you think the market reacted so negatively to Lucents announcements of the problems? There is usually a grey zone between aggressive accounting, whichRead MoreRevenue-Recognition Problems in the Communications Equipment Industry2492 Words   |  10 PagesRevenue-Recognition Problems in the Communications Equipment Industry 1) In late 2000, Lucent announced that revenues would be adjusted downwards by $679m as a result of revenue recognition problems. Yet the firm’s market capitalization plummeted by $24.7bn. Why do you think the market reacted so negatively to Lucent’s announcements of the problems? The large drop in market capitalization is probably due to several factors. Historically, Lucent had successfully met analysts’ projections forRead MoreLucent Case Q3 Essay663 Words   |  3 Pagesfirm is likely to face revenue recognition problems? Revenue recognition issues are the subjects of headlines in our daily newspapers, primarily because major corporations have recognized revenues that did not meet its revenue recognition rule. 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Business Project Management German company Daimler AG

Question: Discuss about theBusiness Project Managementfor German company Daimler AG. Answer: Introduction Mercedes-Benz is one of the largest manufacturing automobile company as well as a division of German company Daimler AG. The company is well known for its luxury vehicles, coaches, buses and truck into worldwide market segmentation. Mercedes-Benz has come to the affect in 1926 and the headquarters is situated in Stuttgart Germany (Kaplan 2012). It is a first gasoline-powered automobile company in the world. The internal mission and vision statement of the company is not available publicly. There are some drives which show the value of Mercedes such as commitment of a legacy honor, considering the vision of every details and foresight of taking responsibility. As stated by Braun et al. (2016), the company maintains corporate social responsibility in environment which includes production and suppliers. The company has manufactured and assembled in across 20 countries into worldwide. It has a personal TV for customers in the company website. The company also has some strengths and weakn ess in the country. The cost of maintenance is high as well as there is a lack of capital constraints which the company is trying to reduce within the country (Benz 2013). Future Prospect of Investigation Situation Happening while Addressing new Technology According to Lagemann, Bhm and Binder (2015), in the 19th Century, the company was not so developed into worldwide. However, now the company is running well across the country but there is some issue which the company is facing to grow up in the future strategy of market segmentation. Previously there was lack of latest tools and technology by which the company had to face some difficulties in the market. Though the competition was not so high, the business had earned less profit because the concept of production was less on that time. Nowadays, the production has increased with the help of latest tools and technologies. At previous time, the company used some oldest machine by which the production was less and products are insufficient. There is an often of breakdown illustration which shows the high cost of maintenance across the country. Now the company is spreading internationally and making more profit into worldwide. Now the company is making new innovation with new and latest technology such as 3D cameras, night vision, radar and LED headlights those adjust the brightness of the car automatically. Mercedes has introduced a new S-Class car which is never launched before. Inadequacy of Existing Resource and Skills As stated by Braun et al. (2016), there is an existing resource of the company because it is running since the 19th Century. Previously there was more inadequacy of natural resource and skills because the company did not have more customers for its product. One of the basic reasons of inadequacy is the tourist customers of the company because there was a glowing influx of tourist as well as inadequate number of accommodation and Hotels. For this, more customers were not involved with the company. However, in the 21st Century, these issues are removing consistently from the company and making some fundamental approaches to reach the business at its success point. Competitors Action The company needs to maintain some constant new design for its products by which it can face challenges in the market when it becomes competitive. The company needs to have some retail consumers which can buy the products as daily basis. There are some competitive companies are also available in the marketing strategy which are also doing well business across the country such as Audi and BMW (Coad and Teruel 2012). These are the competitive companies of Mercedes. The company is now giving some design to its existing product by which it may get large segmentation of customers. In todays era, there are many challenges in the market for this the company is facing difficulties to sell its product. The company has to maintain this for well growth into global market segmentation. Unstable Situation The external environment will greatly affect business development of Mercedes in the coming future. In addition to a fluctuation in the laws, rules, taxonomy structures and regulations, the company will be significantly impacted with a re-defining of the market. An increase in pollution regulations, setting of atmospheric excretion standards and re-establishment of carbon offset rules will greatly drive the manager`s decision (Spry and Lukas 2016). Additionally, a development in the technological aspect within the country will also exert a pressure on the future progress levels. A launch of new services, automation or robotic control will help in building up new cars and further result in a brighter future. Supply Restriction Like any other company, Mercedes also is dependent on the regular supply of raw materials to ensure a smooth operation. Further, with a change in the downfall of sources there will be a vast change in framework of the firm. According to Serrano et al. (2015), apart from an additional impose of control on primary materials that will affect prices will ultimately lead to an uneven situation of the organization in the future. It is also noted that a increase in oil prices and deforestation of sources will also noticeably affect the growth of Mercedes in the coming days. Conclusion It can be observed that the consumers of the Mercedes Benz are highly satisfied with the service of the cars. The consumers, who are conscious about the brand, are willing to purchasing the cars from this organization. In addition, Mercedes Benz has a greater impact on the resale value. In this connection, it can be added that the resale price of the cars are comparatively higher than the other luxury cars due to the higher demand of the models of this definite car manufacturing company. Moreover, it can be mentioned that good communication skill with the consumers can effectively increase the sales of an organization. In this purpose, the management of the organization tried to provide training to the sale representatives, so that they can easily communicate with the consumers and can convince to the consumers to purchase cars from them. Furthermore, it can be added that Mercedes Benz has the efficient source of fund, which is provided by the Daimler Company. The investment fund is required for increasing the production. In this section, it can be mentioned that Mercedes Benz has been suffering from the slow growth. Mercedes Benz has facing a tough battle against BMW group as well as Volkswagen AG. Therefore, it can be noticed that global sales of Mercedes Benz has decreased by 19 percent from the year of 2007. Therefore, it can be mentioned that the management of the Mercedes Benz car manufacturing company requires taking some relevant marketing strategies, which can reduce the existing competition as well as can also increase the sales of the organization. The management of Mercedes Benz car manufacturing company can add some addition features in the cars and can provide this to the consumers in turn of affordable prices. Therefore, the consumers are also willing to purchase Mercedes Benz. On the other hand, it can be added that this car manufacturing company used to deliver their products to the consumers within the proposed date. As opined by Uhl and Gollenia (2016), it used to take long period t o the clients after their purchasing. Therefore, in this connection, it can be mentioned that the car manufacturing company requires delivering the cars within the proposed date. This will effectively increase the goodwill of the organization. Moreover, some of the models of this particular car manufacturing company are not easily available (Liebl 2013). Therefore, the consumers feel reluctant to buy the cars from this organization. In addition, it can be identified that the consumers sometimes require to pay a huge amount of tax in case of import of the models from outside of the country. Therefore, it can be stated that the consumers will suffer from the tax burden. After reviewing the business position of Mercedes Benz, it can be predicted that the revenue earning by the organization will be increased. In addition, it can be mentioned that the cost of production will also reduce; therefore, the profitability margin will also improve. In case of import of cars, government of a country will receive higher tax revenue from the dealers. References Benz, M., 2013. Mercedes Benz.Retrieved July,12, p.2013. Braun, T., Lckert, P., Duvinage, F. and Mackensen, A., 2016. Mercedes-Benz diesel technology OM654 near-engine-mounted SCR system for WLTP and RDE. In16. Internationales Stuttgarter Symposium(pp. 239-255). Springer Fachmedien Wiesbaden. Braun, T., Lckert, P., Duvinage, F. and Mackensen, A., 2016. Mercedes-Benz diesel technology OM654 near-engine-mounted SCR system for WLTP and RDE. In16. Internationales Stuttgarter Symposium(pp. 239-255). Springer Fachmedien Wiesbaden. Coad, A. and Teruel, M., 2012. Inter-firm rivalry and firm growth: is there any evidence of direct competition between firms?.Industrial and Corporate Change, p.dts018. Kaplan, A., 2012. design, construction and testing of the most efficient exhaust for a mercedes-benz c-class. Lagemann, I.V., Bhm, J. and Binder, S., 2015. Steel Pistons for Mercedes-Benz PC Diesel Engines Lightweight, Efficient and Sustainable.MTZ worldwide,76(6), pp.4-9. Liebl, C., 2013.Kommunikations-Controlling: Ein Beitrag zur Steuerung der Marketing-Kommunikation am Beispiel der Marke Mercedes-Benz. Springer-Verlag. Serrano, A., Faulin, J., Astiz, P., Snchez, M. and Belloso, J., 2015. Locating and Designing a Biorefinery Supply Chain under Uncertainty in Navarre: A Stochastic Facility Location Problem Case.Transportation Research Procedia,10, pp.704-713. Spry, A. and Lukas, B.A., 2016. Brand Portfolio Architecture and Firm Performance: The Moderating Impact of Generic Strategy. InLooking Forward, Looking Back: Drawing on the Past to Shape the Future of Marketing(pp. 866-867). Springer International Publishing. Uhl, A. and Gollenia, L.A., 2016.Business Transformation Essentials: Case Studies and Articles. Routledge.