Essay on The Impact of Smoking - 1816 Words

The Impact of Smoking The current problem with smoking in today’s society is that its not only killing peoples wallets its literally killing people themselves. In many cases around the globe older and younger men and women are dieing from lung cancer because in fact they are smokers and the tobacco companies could care less because they are making money. Smoking causes emphysema in the lungs which is a build of tar in the lungs from the chemical Nicotine found in cigarettes. Dictionary.com deffine’s smoke is the visible vapor and gases given off by a burning or smoldering substance especially the gray, brown, or blackish mixture of gases and suspended carbon particles resulting from the combustion of weed,†¦show more content†¦When in return it is in fact their choice to smoke and cause harm to their bodies ending in brutal court cases. Smoking kills so many people in fact that...†Every year, smoking kills more than 276,000 men and 142,000 women through s moking-related diseases, including lung and other cancers, heart disease, stroke, and chronic lung diseases such as Emphysema†(Source 5 pg.1-2). The problem with today’s smokers is they become easily addicted to cigarettes which in return give off negative effects because they contain chemicals such as benzine, ammonia, tar, nicotine, acetone, and carbon monoxide. Over the last 60 years smoking rates between mena and women have varied, †While smoking rates have fallen among women since 1965--33.9% of women were smokers in 1965, as compared with 20% in 2004--teenage girls and young women have been lighting up at an alarming rate since the 1970s†(Source 5 pg.3). What medical experts and scientists at tobacco companies have to take into effect for women is that if a woman being pregnant is still smoking is what those harmful chemicals can do to the child. Another possibility with smoking while pregnant is that it can cause SIDS or sudden infant death syndrome, when being a mother to a baby introduced to smoking u can also give nicotine to the baby through breast feeding and if your smoking while pregnant it could cause a low-birth weights.†The tobacco industry spends 11 billion dollars annually in the U.S. to advertise and promoteShow MoreRelatedThe Negative Impacts Of Smoking1547 Words   |  7 PagesThe most common problems that are destroying the health of young generations and killing thousands and thousands adults every day is smoking cigarette. The issue of smoking has become one of the most significant and controversial debates in Australia, due its health problem and the effect of the environment atmosphere. Researches and medics worldwide were studying the main causes that makes people smoke and why? (Backes, 2016). According to Dr Jewell‘s article, reveals that there are lots of factorsRead MoreThe Impact of Smoking Bans875 Words   |  3 PagesThe Impact of Smoking Bans Few issues over the use of public and commercial space ignite more impassioned disagreement than that over indoor smoking bans. With evidence of the dangers of second-hand smoking having achieved a state of being incontrovertible, lawmakers, lobby groups and public health advocacy groups have taken steps to diminish the exposure to second-hand smoke experienced by individuals on the whole. While the benefits of a smoking ban in bars, restaurants, clubs and other suchRead MoreTobacco Smoking And Its Impact On The Human Body796 Words   |  4 Pages1. 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I will then discuss the composition and contents of cigarettes and the biological andRead MoreThe Impact Of Peer Social Network On Smoking Behavior3638 Words   |  15 Pages Impact of peer social network on smoking behavior Introduction: Smoking has already become a major problem among adolescent since long term smoking behavior may lead to many health hazards including different types of cancer, cardiovascular disease, and respiratory diseases. According to the policies of different countries in the world, the legal smoking age or legal age for purchasing tobacco varies from 16 year-old to 21 year-old. In the United States, most of states have set the legal smokingRead MoreThe Prevalence Of Smoking Is A Large Impact On The Past And Current Citizens Of The Country1949 Words   |  8 PagesIn Ukraine, the prevalence of smoking has been a large impact on the past and current citizens of the country. The social determinants as stated before has a greater effect on the percentage of individuals that are smoking. Men whose social positions have deteriorated over the last 5 years are more likely to start smoking compared to those who have not been. Women who live in urban areas are more likely to start smoking rather than those in rural areas and women who have been previously married.Read MoreTobacco Consumption in Adolescents: A Health Promotion Campaign1263 Words   |  6 Pagesissue of smoking in adolescents from the Austral ian society. The discussion will include a recent campaign that has been created to cut the morbidity rates of smoking in adolescents from the Western Australian (WA) region. The campaign â€Å"Smarter than Smoking† provided an effective health promotion strategies to reduce tobacco enhancement for adolescents aged 10-15 years old. The essay will provide a better analysis on tobacco consumption in adolescents. Thus, portraying the potential impacts of smokingRead MoreThe, The Lady That Smokes957 Words   |  4 Pagesfor Disease Control and Prevention, Terries said she thought smoking was cool because her father and friends smokes. She also said she started smoking at an early age of thirteen and sometime she smoke up to three packs a day. In two thousand one, at forty years old, Teri found out she have oral cancer and throat cancer. Her doctor told her they have to remove her larynx. After hearing that, Teri didn’t have a choice but to quit smoking. An artificial voic e box was implanted in Teri’s throat. TerrieRead MoreShould Smoking Be Banned Public Places?864 Words   |  4 PagesSmoking is one of the practices which is considered highly dangerous to our health because it impacts the smoker and the people around them. There are approximately one billion smokers. Smoking is a big issue that the nonsmoker faces. For example, when the smokers smoke in public places like restaurants, universities and other public places it hurts the non-smoker. The non-smoker breathing the cigarette, marijuana or hookah smoke from the smoker do both of them are breathing toxic chemicals. In aRead MoreA Study On Sudden Infant Death Syndrome1664 Words   |  7 Pagesstudy was to overlook whether smoking was a cause of risk for sudden infant death syndrome and whether the consequence is owed to maternal smoking during the pregnancy or to inhaling smoke from other people’s cigarettes also called passive smoking. Likewise, they wanted to observe if the influence of smoking cessation played a big role in SIDS. They also wanted to research whether the risk before and after the birth on SIDS in children are different of smoking and non-smoking mothers. And lastly, the

The Immortal Work of the Poet as Seen in Shakespeares...

The Immortal Work of the Poet as Seen in Shakespeares Sonnet 55 Since the beginning of recorded time, humanity has attempted to give immortality through art. Great people have attempted to have themselves remembered through statues and other means. The poet too, has attempted the same feat. Capturing within his or her lines the essence and emotion of someone whom he or she loved. During the Renaissance, the sonnet was the poetic form of choice. The sonnet is only fourteen lines in length and generally had ten syllables per line. It was in this form that poets wrote some of the greatest love poems. The poet, especially of the Renaissance, saw poetry as the greatest of all art forms and therefore the most immortal. In Shakespeares†¦show more content†¦The first mention of the poems subject comes in line three. The beloved in the poem will shine more bright in these contents than in a stone effigy. The contents mentioned in line three imply more than just these fourteen lines. In his sonnet cycle, Shakespeare writes many sonnets dea ling with the fading beauty and eventual death of his beloved friend. Shakespeares sonnets are the beacons to the world reminding them about his friend. The problem with relying on statues and stone effigies is the danger of the elements. The irony is that nature and the elements show no concern for the artists talent or the memory and honor of the person enshrined. Time is the enemy of immortality. The time is shown to be a defiler. Shakespeares use of the word sluttish suggests time as being immoral. Time is also a slovenly housekeeper that does not clean up after the elements of nature. These elements build up eventually wiping clean any memory. The second enemy to the work of the sculptor is humanity. War that derives from humanities pettiness destroys anything in its path. Riots and mass quarreling are also the destroyers of immortality. The idea here is that not only is the work of the mason and sculptor destroyed but also its entire existence is rooted out of peoples me mories. War and riots uproot a civilization and the things that civilization held dear. However, war will not destroy the poets verse and thus the memory of the beloved. Even if war and

Acquired Immunodeficiency Syndrome Free Essays

Since acquired immunodeficiency syndrome (AIDS) was first recognized more than 20 years ago, remarkable progress has been made in improving the quality and duration of life of persons with HIV infection. During the first decade, this progress was associated with recognition of opportunistic disease processes, more effective therapy for complications, and introduction of prophylaxis against common opportunistic infections (OIs). The second decade has witnessed progress in developing highly active antiretroviral therapies (HAART) as well as continuing progress in treating OIs (Masur, Kaplan Holmes, 1999). We will write a custom essay sample on Acquired Immunodeficiency Syndrome or any similar topic only for you Order Now Since the HIV serologic test (enzyme immunoassay [EIA], formerly enzyme-linked immunosorbent assay [ALISHA], became available in 1984, allowing early diagnosis of the infection before onset of symptoms, HIV infection has been best managed as a chronic disease   and most appropriately managed in an outpatient care setting (Gallant, 2001). II. Background A. Epidemiology In fall 1982, the Centers for Disease Control and Prevention (CDC) issued a case definition of AIDS after the first 100 cases were reported. Since then, the CDC has revised the case definition a number of times (1985, 1987, and 1993) All 50 states, the District of Columbia, U.S. dependencies and possessions, and independent nations in free association with the United States report AIDS cases to the CDC using a uniform surveillance case definition and case report from (CDC, 2000). Starting in the late 1990s, more states started to implement HIV case reporting in response to the changing epidemic and the need for information on persons with HIV infection who have not developed AIDS. As of December 2001, there were 816,149 reported cases of HIV/AIDS and 506, 154 adults, adolescents, and children in the United States (including U.S. dependencies, possession, and associated nations) living with AIDS. Unprotected sex and sharing of injection drug use equipment are the major means of transmission of HIV. A total of 43, 158 AIDS cases were diagnosed in 2001. For men diagnosed with AIDS during 2001, 59% were in the exposure category of men who have sex with men; 24% in injection drug use; and 7% in heterosexual contact. In women diagnosed with AIDS during that same period, 44% reported injection drug use and 52% reported heterosexual contact. Comparing race/ethnicity amount the three largest groups diagnosed in 2001, 20,752 were black, not Hispanics (CDC, 2002). The number of people living with AIDS is not evenly distributed throughout the United States. States with the largest number of reported AIDS cases during 2001 were New York (7,476), Florida (5,138), California (4,315), Texas (2,892), and Maryland (1,860) (CDC, 2002). AIDS has reached epidemic proportions in some other parts of the world. According to the Joint United Nations Program on HIV/AIDS, more than 18.3 million people worldwide have died of AIDS and 34.3 million people are infected with HIV, with 5.4 million people newly infected with HIV in 1999 alone (Letvin, Bloom Hoffman, 2001). UNAIDS (2001) reports that since the epidemic began, more than 60 million people have been infected with the virus, making it the most devastating disease ever. The earliest confirmed case of HIV infection was found in blood drawn from an African man in 1959 (Stephenson, 2003). Although factors associated with the spread of HIV in Africa in the 1960s; however, social changes such as easier access to transportation, increasing population density, and more frequent sexual contacts may have been more important (Stephenson 2003). III. Discussion A. HIV Transmission   HIV-1 is transmitted in body fluids containing HIV and/or infected CD4+ (or CD4) T lymphocytes. These fluids include blood, seminal fluid, vaginal secretions, amniotic fluid, and breast milk. Mother-child transmission of HIV-1 may occur in utero, at the time of the delivery, or through breastfeeding, but transmission frequency during each period has been difficult to determine (Nduati et al., 2000). Any behavior that results in breaks in the skin or mucosa results in the increased probability of exposure to HIV (chart 1). Since HIV is harbored within lymphocytes, a type of white blood cell, any exposure to infected blood results in a significant risk of infection. The amount of virus and infected cells in the body fluid is associated with the risk of new infections. How to cite Acquired Immunodeficiency Syndrome, Papers

Greek Mythology †Why Romans Re-utilize Greek Mythology

Question: How is Greek mythology reinterpreted at Rome? For what purposes do Romans reutilise Greek mythology? Answer: Introduction The ancient Greek and Roman religion were based on beliefs in God. They followed the similar belief with immeasurable differences. The mythology composed of many God and Goddesses that played a role in everydays lifer of Greek and Roman people. Both of them believed in polytheism. Polytheism is the belief in many gods, each having a purpose and a personality. It was subject to many myths and legends that would be told to many generations. The basis of religion was these gods. The Roman mythology comes from Greek mythology. In the paragraphs below an explanation to how these mythology are linked and how the Greek mythology interpreted in Rome is given. The Gods and Goddesses that were worshiped by Roman and Greeks are explained (Bowden Hughs, 2010). The interlink and how the one god in Greek is the counterpart of the God in Roman is also briefed. Main body Roman Mythology has 12 to 13 main gods and was taken from beliefs of the Greek gods. As per the Classical mythology Roman consisted of high god Jupiter, his wife, his sons Vulcan, Mercury, Mars, Apollo, his daughters Diana and Venus, his sister Vesta, and his brother Neptune and Janus (Brammer Horsefall, 1987). To the Greeks Jupiter is known as the Zeus, the ruler of gods. Greek considered Zeus(Juipiter) the ruler of sky, has the power to cause thunder, lightening, and earthquakes. In a different manner Roman called it Jupiter the power holder of Roman Gods. They say he is the one who holds the sky, the weather, daylight, thunder, and lightening. Vesta, another virgin goddess who was the symbol of home and watcher of the household and the family activities in the Roman mythology. The same goddesses was known as Hestia in Greek mythology. In Greek mythology Juno was considered as the goddess of marriage and one who protects the women. Same was considered about Juno in Roman mythology . She married Jupiter because she was raped by him. Another god Apollo, who was represented in the same way in Greek and Roman mythology (Graf, Fritz Sarah, 2007). In both of the mythologies Apollo was considered the god of music, teacher of medicine, shooter of silver arrows, and the one who carried sun across the sky. Minerva, the other goddesses of wisdom, craft and the art. She was the daughter of Palla, but it was later considered that she sprung from the forhead of Jupiter (Zeus to Greek mythology). The origin of Minerva is same for both the Greek and the Roman mythology but, in Greek mythology she is considered as the goddess of handicrafts, agriculture and city. She was the symbol of wisdom and purity to them. She was the one who invented trumpet, pot, rake, ship, flute and the yoke (Schuddeboom et al., 2009). The god of love was same in both the religions, she was Venus. To Romans, she was Venus Felix (one who brings luck), Venus Victrix (one who brings victory), Venus Ver ticrdia (one who protects females), and Venus Libentina (one who is patron of sensual desires). On the other hand Greek religion she was known as Aphrodite one who is the Goddess of love, desire, and the beauty. The gods and goddesses to both the mythologies were almost same. Most of them were brought from Greek mythology to the Roman mythology. The purpose of the gods and goddesses was same only they were brought up with a different name in both of them like Zeus to Greek and Jupiter to Roman. The classical mythology suggests The Homeric Hymn to Demeter as a very crucial theory. An important aspect of Greek was to put human at the centre of Universe. The Greek gods were human in physical and emotional form. The gods of Greek mythology were omniscient, omnipotent, and have human foibles like feasting, drinking, obsessives, and jealousy. As per the Greek Mythology the life of Gods were closely related to the human life that is real and tangible not the imaginative one (Karoglou Kiki, 2000). Hamilton said the ancient people life were full of hardships, diseases and violence instead of harmony with nature. Hamilton thus argues the myths of Greek. The Greek heroes were born due to bravery and strength rather than supernatural powers. The Hamiltons theory stands contrary to the beliefs of the Roman and Greek mythology that believed more in courage and considered God as an advanced powerful version of Human. The roman considered as Mercury as the messenger of the Gods. Mercury was known to be a god of merchant, science, astronomy, cleverness, and thieves. In the Greek mythology Groiler is the messenger of Gods. According to them, he is the one who invented musical scale, astronomy, measurements and gyms. Diana was the goddess of forest and was called d hunter and a women supporter as per the Romans. For Greek the Hunter god was Artemis (Winterbourne Anthony, 2004). She was the one who protected the young kids, the females, and the goddess of the moon. The classical mythology suggests that there was a god of fire as well. Vulcan according to Romans prevents fires and was too ugly but, was married to beautiful Venus. The goddess Venus was so good that because of his ugliness she married Vulcan (Hugh, 1920). The Greeks says the god of fire used volcanoes as his weapons to prevent fire. They also considered Vulcan as the god of smith and weave. The Greeks god of fire was married to Aphrodit e. The god of fire was very kind and peace loving. The Greeks mythology says he was thrown from the mountain as he was on Heras side during an argument with Zeus (Papadopoulou Thalia (2005). Janus was the God who didnt belong to Greek mythology; he was known to be second to Jupiter to the Romans. The Greeks considered Poseidon was known second to Zeus. The Greeks super god was married to Hera. Hera was jealous of the affairs of his husband. Hera tried to harm Heracles when he was returning from Troy. To this, Zeus ordered to hang her from top of mountain. They had four children. Juno, the counterpart of Hera in Roman mythology was married to Jupiter. Brother of Zeus, Hades kidnapped his wife Persephone when she was picking flowers. Hades was known as the god of underworld made her wife eat a piece of food so as to abandon her from earth. Her father, Zeus did arrangements to allow her on Earth for two thirds every year and rest of the time in underworld. Thus, the mythology believes spring and winter arose when Persephone came to earth she brings spring and when she goes underworld she brings winter (Cosmopoulos Michael, 2003). The Roman has the same concept of underworld god, Pluto. He is rich and has Horn of Plenty. Romans say he was a bad luck to the Gods and thats why he was not mentioned in the myths. Both the mythology didnt consider the god of underworld good. Mars, was the Roman God of agriculture and war and was considered as the second most important God. The Romans named the month March under his name and was also the first month of their calendar. It was considered as the month when agriculture and war will start. Aphrodite, was the Goddess of love and beauty as per Greeks. She was very aggressive and left her husband for the God of War (George). Aphrodite was the counterpart of Venus in mythology. Venus, was the Goddess of love for Romans. The month of April was recognized as Venus. Venuss son was Cupid who was the Roman God of love. Diana was similar to the Greek Goddess Artemis. She was the Goddess of Hunting. She owned two shrines. One was the Diana of the woods and second was the Diana Tifatina. Dianas cult was human sacrifice (Kelly Douglas, 2003). During the , mythology took a new place and class. A Greek mythographer created a tradition to seek the mythological beliefs and events. myth became popular in Roman empire. Stoics represented Gods and heroes as physical phenomena whereas Euhemerists considered them as historical figures (Burkert Walter, 1987). At the same time, the Stoics and promoted the moral significations of the mythological tradition, often based on Greek etymologies.The challenge for Romans with a strong and apologetic sense was to defend that tradition while conceding that it was often a breeding-ground for superstition. The Roman declared that the myths do not hold place in philosophy. But like Greeks they believe that religion and traditions. Both of them followed a religion and culture to worship the different Gods and Goddesses. Conclusion The sequence and the similarity exist in all the Gods and Goddess of Roman and Greek mythology (AlbalaKen, Johnson, Johnson, 2000). There is a variety and a god or goddess for everything. The Romans reutilized the mythology of Greeks as they too had the same belief that Gods are made due to strength and power. They didnt believe supernatural powers as much like the Greeks. The Gods and Goddess who were not kind are least interpreted in their mythologies and are considered to be bad luck like the God of underworld for both the mythologies. Summing it can be seen, the Roman mythology is more of interpreted version of the Greek mythology. References AlbalaKen, G, Johnson C.D. Johnson V. E. (2000). "Origin of Mythology".Understanding the Odyssey. Courier Dover Publications. Bremmer, J.N. Horsfall,N.M. (1987), Roman Myth and Mythography, University of London Institute of Classical Studies, pp. 4962. Bowden Hugh.(2010). Mystery Cults of the Ancient World. Princeton: Princeton University Press. Burkert Walter.(1987). Ancient Mystery Cults. Cambridge, Mass.: Harvard University Press. Cosmopoulos Michael B. (2003). Greek Mysteries: The Archaeology of Ancient Greek Secret Cults. London: Routledge. Graf, Fritz Sarah I. (2007).Ritual Texts for the Afterlife: Orpheus and the Bacchic Gold Tablets. London: Routledge Gregory, N. Homeric Hymn to Aphrodite. Hugh, G.E.W. Hesiod,Works and Days.Translated in to english Karoglou Kiki. (2000). Mystery Cults in the Greek and Roman World. InHeilbrunn Timeline of Art History. New York: The Metropolitan Museum of Art. Kelly Douglas (2003). "Sources of Greek Myth".An Outline of Greek and Roman Mythology. Douglas Kelly. Papadopoulou Thalia (2005). "Introduction".Heracles and Euripidean Tragedy. Cambridge University Press. Schuddeboom, Feyo, Cornelis Zijderveld, Nicolaas M. H. B. (2009).Greek Religious Terminology: Telete Orgia: A Revised and Expanded English Edition of the Studies by Zijderveld and Van Der Burg. Leiden: Brill. Winterbourne Anthony (2004). "Spinning and Weaving Fate".When the Norns Have Spoken.

Roman Entertainment Essays - Ancient Roman Culture, Titus, Rooms

Roman Entertainment Roman Entertainment "Bathing, wine, and Venus wear out the soul but are the real stuff of life." (Proverb in Sparta, A History of Private Life from Pagan Rome to Byzantium, 183) Civilizations of Ancient Rome and modern day are similar because entertainment is an important part of life. In Ancient Rome, the rich and the poor could enjoy entertainment and relaxation. Men and women spent many hours of their day participating in entertainment activities. Ancient Romans enjoyed many types of entertainment, but the most popular were bathing, bloody spectacles, and banquets. A gong sounded every morning to open the public baths to the lines of people waiting. Public baths were not only used to get clean but as a place to gossip, meet people, and show off. They could be compared to modern day beaches. The sexes were separated into two different areas; the men had the larger rooms. The society levels at the baths were nonexistent, and gladiators, slaves, men, and women were treated equal. Every town was expected to have at least one public bath, which each person was visited two to three times per week by a person. The procedure followed at the baths seemed very relaxing. Citizens would first go to the unctuarium where oil was rubbed onto the skin, and they would exercise. Then they would enter the tepidarium or the "warm" room, with heated floors and walls. Here, they would lie around chatting and gossiping. The last step was the caldarium, which was similar to a Turkish bath, hot and steamy. Romans would sit and perspire, and their skin was scraped with a curved metal tool called a strigil. They were served drinks and snacks in the hot bath, or calidarium. Finally they would take a quick dip in the cold bath, the frigidarium. After this lengthy process, men and women would enjoy massages where oils and perfumes were rubbed into their skin. Many Roman citizens attended bloody spectacles at the famous colosseum. The colosseum opened in A.D.80 and hosted 100 spectacles a year. 50,000 available seats were divided into social classes. Women and poor people were seated on the fourth tier. The most popular show featured at the colosseum was the gladiators. They would show in the late afternoon and were often attended after the public baths. The gladiators easily entertained and won over the crowd. The gladiators were slaves, condemned criminals, prisoners of war, and often they were idols of young girls. They would fight battles with animals or other opponents until death. These bloody shows would entertain the citizens for hours. Despite laws setting limits on earnings, many gladiators earned large sums and could buy freedom. Banquets were attended for an exciting night of entertainment. Banquets were a ceremony of civility, occasions for private men to savor their accomplishments and show off to peers. Many people were invited; even the lower class was invited and treated equal. The food was spicy and served medieval style, people sat around lounging couches on pedestal tables. Many different types of entertainment went on at banquets. The guests were expected to express views on general topics and noble subjects. The host would hire professionals to provide music, dancing, and singing. The longest time of the night was set aside for drinking. It was tradition for them to never drink when they ate. Men were expected to consume large amounts of alcohol. Ancient Romans believed that entertainment was a very important part of civilization. They would spend mornings socializing at baths, afternoons at the colosseum, and drink and eat all night at banquets. Romans enjoyed being entertained similar to today society. "To everything there was a season, and pleasure was no less legitimate than virtue." (Paul Veyne, A History of Private Life from Pagan Rome to Byzantium, 183)

The Strategic Management of IKEA for Furniture Company in UAE or Gulf Corporate Countries

The Strategic Management of IKEA for Furniture Company in UAE or Gulf Corporate Countries Executive Summary IKEA aspires to provide quality products and services to its global clients. To realize this vision, IKEA offers various properly designed and serviceable house-furnishings at very low prices in Dubai, Kuwait, Abu Dhabi, Saudi Arabia, and other global markets.Advertising We will write a custom essay sample on The Strategic Management of IKEA for Furniture Company in UAE or Gulf Corporate Countries specifically for you for only $16.05 $11/page Learn More Thus, since its inauguration in the fiscal 1943, IKEA has globalized its operations and businesses. However, globalization presents various threats and opportunities to IKEA while exposing its strengths and weaknesses to market competitors. The weaknesses and strengths have been analyzed through Value Chain Analysis, VRIN, PESTL, and Porters Five Forces frameworks. In fact, the internal and external environment where IKEA operates have been analyzed using these analytical tools and recommend ations have been provided. Introduction IKEA International is a global corporation that offers home accessories to all global clients. Being headquartered in Sweden, IKEA provides quality furnishings in the Europe, Africa, and Middle East markets. The company has recently set its presence in Gulf Corporate Countries such as Omar, Qatar, and Kuwait. In fact, in the United Arabs Emirates and GCC, IKEA is acknowledged for the provision of quality furnishings that cannot be assembled easily, but can be transported without problems. In fact, IKEA furnishings are evident in the City Festivals and residential places. Despite being globally recognized, Dubai constructed its first IKEA store in the fiscal 1995. However, the largest IKEA store was opened in the year 2005 in the Dubai Festival City. In the year 2011, Abu Dhabi launched the largest IKEA International store in the Island of Yas. Besides, IKEA has one store in Kuwait as well as two other stores in Saudi Arabia (Daft Vershinina, 2010). The purpose of this paper is to analyze the current business and operations of IKEA, external and internal analysis, the competitiveness of IKEA, as well as the strategies and challenges faced by IKEA. Analytical tools such as Value Chain Analysis, VRIN, PEST, and Porters Five Forces are used in the analysis of IKEA’s business and market operations.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The Current Operations and Businesses of IKEA IKEA was first inaugurated in the fiscal 1943 in Sweden. In the 1980s, IKEA began to expand its business operations to the United States, UAE, GCC, and other parts of the European markets. These markets attracted the company due to several reasons: (1) the regions had very large customer base, (2) the local residents who had travelled considered themselves risk-takers, (3) the market was fragmented and (4) the potential customers could be identified with regions. The success of IKEA business relied on the sensitivity of the people to the product attributes regardless of the origin. If people regarded local products more than foreign products, then IKEA business would probably have been in danger (OBG, 2012). IKEA entry into the United States, UAE, and GCC markets was focused on the consumers the company perceived to be the potential customers. The firm opened its first US store along the coastline while the Dubai and Abu Dhabi stores were opened in the Dubai Festival City and Marina Mall. While going global, IKEA believed that people living along the coast and Islands were exposed to foreign products (Gillespie, Jeannet Hennessey, 2010). The reason to focus on the travelling consumers was that the company was determined to sell products with European standards. The success of such products would be uncertain in areas where consumers have no foreign experience. The success of this entry mode in the UAE, GCC , and Europe was to form the basis for establishment before expanding the business operations elsewhere. The entry mode adopted by IKEA when expanding to the European, UAE, and GCC markets occurred in form of a market-seeking investment undertaken to exploit new markets. The Swedish, GCC, and UAE markets are saturated and the markets can only offer limited growth opportunities.Advertising We will write a custom essay sample on The Strategic Management of IKEA for Furniture Company in UAE or Gulf Corporate Countries specifically for you for only $16.05 $11/page Learn More The company was motivated to this investment by the constant market growth and large market sizes of Europe, UAE, GCC, and IKEA aimed to serve the larger markets. According to Uppsala theory, after understanding the local market the company could move to the nearest market (Switzerland), then to Germany, UAE, GCC, and so on. In the Dubai and European markets, IKEA was met with great success after focusing on providing the cheapest solutions to gain competitive advantage (Walker Butler, 2010). However, the success in the European and UAE markets was not a straightforward endeavor given that established firms that had huge capitals pursued foreign investments. Although IKEA had made a good fortune in the Sweden market, moving capital from the country was a challenge. The capital controls in Sweden prohibited investing abroad with home gained capital. The UAE nevertheless, offered a favorable environment for the company to invest its capital. IKEA had to make quick profits and get a positive cash flow by adopting the foreign investments strategies. The European business was reorganized, and tighter controls were introduced. The company changed from offering European styled products to the American styled ones in the UAE, and GCC markets (OBG, 2010). IKEA Value Chain Analysis Primary Activities Inbound logistics In the UAE and GCC, IKEA has established a wide base of pro ducers and supplies responsible for manufacturing and supply of furniture parts. The extensive array of Middle East regional warehouses is integrated with an efficient management of inventory driven by the need to ensure that the right parts go to the right customer at the right time.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Storing the furniture components as a single package is a cost saving approach, as the stores need not to be as big as they might be expected for a furniture company (Gillespie, Jeannet Hennessey, 2010). Operations IKEA has continued to expand and increase its customers across all market segments including the UAE and GCC. Isaksson and Suljanovic (2006) observe that IKEA is the only firm in the UAE and GCC furniture industries that has managed to attract customers across the world without changing the original concept of management. This has been achieved through the development of unique product designs based on sacred dedication. Other operations include market and product research, which add to the competitive strength of the business. Outbound Logistics In an industry that is considered local by many people, IKEA has become global because of its comprehensive distribution network. The firm now delivers low cost, but quality furniture to major markets such as Europe, Africa, UAE , America, GCC, and Australia. Indeed, it is the only distributor in the industry to have established on a global scale. It has stores spread in Europe, North America, Asia, and recently established operation in the UAE and GCC. The low cost of distribution in the UAE and GCC is enabled through the innovative way of dealing with the logistic sourcing and retailing whereby the products are knocked down and shipped in flat boxes (Gillespie, Jeannet Hennessey, 2010), involving consumers in value addition by transporting, and assembling the furniture by themselves. Marketing and Sales IKEA marketing in Dubai, Kuwait, Saudi Arabia, and Abu Dhabi is accomplished through the renowned IKEA catalogue, which has existed for years. This marketing tool is the cornerstone in the firm’s concept and is distributed free of charge to the households within the stores’ principal market areas. The sales returns generated by IKEA increase because of the numerous customers who visit Marina Mall and Dubai Festival City stores. Every year, the company experiences an increase in the number of visitors due to the new products advertised though the catalogues. No other forces drive sales in IKEA much like the catalogue, which is reinforced by the homely environment of the stores. Services The great success of IKEA has been enabled through the homely services offered in the Dubai, UAE, Saudi Arabia, Kuwait, and Abu Dhabi stores. The stores have been likened to IKEA homes where a customer can get any household services including dining, children playing zones and instructions on how to assemble products on their own. This kind of high-level service maintains the attractiveness to and competitive advantage of the firm. IKEA External Analysis Using PESTEL Political The UAE and GCC environment where IKEA operates is politically polarized. Minimum wage policies are strictly observed to avoid infringing labor rights. However, in most nations including UK, Dubai, Abu Dhabi, and U S, the political parties ensure the business environment is stable. Foreign business policies are accommodative to all multinational corporations. For instance, the taxation policies allow foreign corporations such as IKEA to join the UAE, European, and GCC markets (SandÄ ±kcÄ ± Rice, 2011) Economical The prices charged by IKEA on its products and services are reasonable to the consumers in the UAE and GCC markets even during the economic slump. Given that most IKEA products are locally produced in Asian countries, it is advantageous for IKEA to operate in regions like Dubai, Abu Dhabi, and GCC. IKEA has the advantage to capture and grow in various Asian, Middle East, and European markets because the national incomes are high while the rates of inflation are low. Consumers are encouraged to purchase products since interest rates are low and the currencies are strong (OBG, 2008). Social In its global business operations, IKEA has upheld a just societal status. IKEA has improved it s stores in all countries such as Dubai, Kuwait, Qatar, and Abu Dhabi to suit the citizens’ lifestyles. For instance, customers can do shopping anytime because IKEA offers flexible and odd working hours (OBG, 2008). There are playing grounds for kids and restaurants for parents accompanying the kids. Technological In the UAE and GCC countries, IKEA has been able to endorse or market its services and products easily via the internet. The products dimension and detailed info are available online, and this allows clients from these regions to make purchases. IKEA also derives its strength through the online catalogue services. IKEA initially wanted clients to go to the Dubai, Kuwait, Saudi Arabia, and Abu Dhabi stores to pick up their products, but technology has now enabled the company to use computer operated lifts to deliver products to the clients (SandÄ ±kcÄ ± Rice, 2011). Analysis of the Competitive Position of IKEA Using Porter’s Five Forces The IKEA’s Co mpetitors There is extreme competition amongst the existing corporations in the international markets like the UAE and Abu Dhabi. For instance, in Dubai and Abu Dhabi, the company functions in a very competitive business environment typified by other economical furniture manufacturers. B esides, these producers are kin-run dealings that generate low overheads well known by focusing on expensive designs. Conversely, these expensive and focused designs translate to small-scale fabrication to suit the local UAE and GCC souks (OBG, 2012). The established experiences offer dissimilar opinions on product location and contributions according to inside accounts. To compete successfully, some large vendors like Furniture mall, Courts, and Nova generate inexpensive products to benefit from the economies of scale. Thus, IKEA appears to face stiff rivalry along with opponents from countries like Dubai, Kuwait, and Abu Dhabi. Furthermore, IKEA currently faces little pressure from fresh market en trants while the emergence of novel market competitors is also negligible (OBG, 2010). The Bargaining Power of Suppliers and Buyers As the local and universal furniture dealer, IKEA presents substitutable and broad choices of products and services to the UAE and GCC consumers owing to the level of competition. Thus, corporation offers strong bargaining power for the customers. The consumers pose a plausible threat of backward incorporation to the traders. However, retailers look for diverse means of improving performance in order to participate efficiently and generate profits. This can be realized through implementing deliberate work and business schemes based on the creation of market associations. The motivation aspires to construct enduring consumer affiliation and dealers devotion. Hence, this informs IKEA’s assimilation practice strategy amid consumers, retailers, and suppliers (OBG, 2010). IKEA seeks to enhance the reliability of the UAE and GCC customers in relation t o the purchasers’ power in the business. It focuses on improving the existing consumer association by scheming on how to win and secure the new-fangled customers to an enduring rapport with the corporation (OBG, 2008). The provision of excellent customer services with optimistic shopping knowledge is important. IKEA’s Threat of Substitutes The problem of searching for additional replaceable products that can do the same function requires an alternate product. However, there are hardly any replacements of furnishings for the other products in the UAE and GCC. With technical advancements, a significant part of the people, the account of organization supplying merchandise, and the mode of supplying services and products are extremely substitutable. It is realistic for the shopping judgment placed against the garments since Dubai, Kuwait, Oman, and Abu Dhabi customers would make an effort to appraise if the furniture is fit (OBG, 2012). To evaluate the aptness of purchasin g manufactured goods, it is important for the computer imaging to forget the establishment of rooms. Nonetheless, such substitutes stay put, as components of the company’s competitive advantage and online business remains underutilized. The Corporation Prospective Entrants In the provision of departmental stores, there are numerous furniture traders such as Courts and Nova as well as high-end vendor like Lorenzo in the GCC and UAE markets. In fact, a higher degree of opposition results from the diminishing levels of customers’ trustworthiness. This industry is experiencing threats from the innovative competitor entering into the big business. There is an obligation for renting store space since capital investment necessary for furnishings could be high. Hence, the competitors must source the designs and build the factories. In addition, before the market entrants could produce low cost products to rival the entrenched firms, they must capture a dominant market share (O BG, 2008). IKEA Internal VRIN Framework Analysis Valuable The strength of IKEA at present originates from unique sourcing, tightly controlled logistics, and unique design capabilities. Therefore, the firm offers products that are unique enough to give market recognition, reduce inventory, and secure sourcing for long runs. This strength has ensured that the firm leads in the industry and steadily increases the market share countries such as Dubai, Abu Dhabi, Oman, and Europe. Rare Throughout history, IKEA has been able to produce new designs and offer products next door from the Dubai and Abu Dhabi stores. IKEA is the only industry player that has been able to offer a variety of designs to the wide customer base found in the UAE and GCC nations (Isaksson Suljanovic, 2006). Inimitable As the activities of the value chain suggest, IKEA has a strong relationship with their UAE and GCC customers starting from the products offered to the services given. Many of the competitors found in the UAE and GCC markets lag behind in terms of customer loyalty and the locals only know a few that surface. IKEA enjoys global recognition in Dubai, Kuwait, Saudi Arabia, and Abu Dhabi due to its ability to offer the typical Swedish furniture taste, yet with a sense of the differing consumer needs (Walker Butler, 2010). Non-Substitutable The iconic aspect of self-assembly emphasized in IKEA is more of an imagination. The developments that have led to this achievement have taken years and whole commitment of the firm leaders. Even if, other competitors found in the UAE and GCC markets tried to imitate such an approach, they will not only invest costly in building trust with producers, but must do better than IKEA to dissolve the recognition the company has gained (Daft Vershinina, 2010). Major Strategic Issues and Challenges IKEA Should Address IKEA has various options to make sure it improves its performances in the depressing economic setting founded on environmental dynamism an d the state of the industry. The company can focus on the business operations to boost its UAE and GCC market dominance. To accommodate average regulars with minimal wages and discretionary expenditure powers, it may manufacture low priced designs. The company could invest in the research and development to fund its expenses and improve on the status of its product designs. Through employing products promotion strategies, IKEA could widen its sales and become the market leader in the UAE and GCC nations (OBG, 2008). Its present promotional campaigns are based on cultural awareness and exclusive marketing situations for every nation and globally differ across marketplaces (OBG, 2008). To convey the alternative and innovative television spots across the world, IKEA has worked with diverse advertising bureaus for more than a year. Hence, IKEA gives the UAE, Dubai, Kuwait, Saudi Arabia, and Abu Dhabi marketing agencies the liberty to discover some of the uncharted and fascinating ideas that generate additional attraction. Furthermore, the corporation has a stockpile that attracts additional clientele to the Dubai and Abu Dhabi IKEA stores. In Dubai, Kuwait, Saudi Arabia, and Abu Dhabi, the IKEA stores appear positioned and arranged in a way that one cannot leave without seeing all the available products or furniture. This strategy lures the Middle East customers to buy IKEA products. IKEA takes advantage of this in getting new personnel to help customers walk through the shop and see the commodities they need (SandÄ ±kcÄ ± Rice, 2011). The system enables the clientele to buy more furniture than what they planned to purchase. Further, the company profits from the healthy firm-supplier association and its economies of scale. The company might surpass the long-term agreements for the low cost supplies from the clientele by providing leased technological support and equipment. It should uphold brand positioning by offering low priced and quality products while pres erving the value image in the UAE, Kuwait, Abu Dhabi, and Saudi Arabia markets (OBG, 2008). The existence of differentiated merchandises in the value added phase permits IKEA to offer options for preference, transfer, and transportation of furniture. This should be the strategy in the Middle East operation, and should IKEA fail to obtain the goodwill, it may incorporate the service costs into the price of manufactured supplies. Recommendations IKEA is cautious about the societal and cultural aspects of the UAE and GCC where it operates. IKEA should provide a commission on its products and services and allow every department to make its own management decisions. In the Dubai and Abu Dhabi markets where IKEA currently functions, such preparations will ensure that assorted units can respond promptly to any state of crisis. Conversely, by focusing on the superiority and low manufactured goods overheads, IKEA should pursue the principle of reaching out to the costs conscious customers. T his can be realized via putting extra energy on its business operations and sourcing the supply chain resources to minimize the operation costs. Hence, IKEA International in Dubai, Abu Dhabi, and Oman should reduce the resource leasing to lower the operating fixed costs. This can be realized through choosing a shopping quarter in the suburban areas in the UAE and GCC while evaluating the existing guidelines. While operating in the UAE and GCC markets, IKEA should provide excellence services during sales periods and over the weekends when the clients overwhelm personnel in service. For the UAE and GCC to sanction the employees to supply more than one category of manufactured goods, they must cross-train their workforces in diverse fields. IKEA should let the deployment of workforce from other sections when a given sector faces many enquiries from the clientele. To fill up the vacant positions over the weekends, the corporation must hire more part time workers from the GCC and UAE pop ulace and train them appropriately. Thus, the usage customers’ discontent over quality services and the surge in customer enquiries over the weekend would be dealt with through this implementation. IKEA found in the UAE and GCC must also influence the clients to shop online so that it can take advantage of the accessible information technology. In fact, this can reduce the weekend tension on the available human resources. Above all, the corporation must dispose the delivery free of charge strategy to attract more clients on online shopping since its catalogue is wide-ranging and the customers should access it effortlessly. Conclusion IKEA has grown-up into a multi-million corporation from the fully-fledged family business since the year 1943. The corporation will breed new business sections and sustain the present marketplace strategy of low priced quality merchandise as it progresses into the next years. To nurture its UAE and GCC businesses, it will make sure that there is recurrent upgrading of consumer services to make them remain its business contents whilst using technical internet shopping. It has a strong prospective of increasing its business operations in UAE and other GCC markets through limiting its expenses and improving the market share. This is enhanced through its established background and the influence it has in the industry. References Daft, K Vershinina, N 2010, Management-international edition, Cengage Learning EMEA, Andover, Hampshire. Gillespie, K, Jeannet, J Hennessey, D 2010, Global marketing, Cengage Learning, Florence, KY. Isaksson, R Suljanovic, M 2006, The IKEA experience. Web. OBG 2008, The report: Kuwait 2008, Oxford Business Group, Gabon. OBG 2010, The report: Oman 2010, Oxford Business Group, Gabon. OBG 2012, The report: Qatar 2010, Oxford Business Group, Gabon. SandÄ ±kcÄ ±, O Rice, G 2011, Handbook of Islamic marketing, Edward Elgar Publishing, Cheltenham United Kingdom. Walker, J Butler, S 2010, Oman, UAE Arab ian peninsula 3, Lonely Planet Publishers, Gurgaon, India. Zentes, J, Morschett, D, Schramm-Klein, H 2011, Strategic retail management: text and international cases, Springer Publishers, New York City.

Conflict Spectrum in Crime and Analysis Essay Example | Topics and Well Written Essays - 250 words

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Wedding in the Pakistani culture Essay Example | Topics and Well Written Essays - 750 words

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The Black Economy In India

The Black Economy In India It has been reported that, Black money today is created at every level of the Indian economy. As the Parallel Economy is unaccounted for, the official National Income accounts do not represent the true state of the economy. In light of this statement, Give the future directives on the parallel economy and cite the practical obstacles faced on the way to fight the black economy. INTRODUCTION Parallel economy connotes the functioning of an unsanctioned sector in the economy whose objectives run parallel, rather in contradiction with the aroused social objectives. This is variously termed as black economy, unaccounted economy, illegal economy, subterranean economy, unsanctioned economy or hidden economy. A hidden economy in its broadest sense may consist of a) illegal economy, such as money laundering, smuggling, etc; b) unreported economy including tax evasion; c) unregulated economy, ie economic activities outside regulations. The money laundering is a lack of transparency standards in bilateral and multilateral trade with flourishing offshore banking in tax havens has allowed it to grow unabated in past couple of decades. Experts estimate that around 50 per cent of GDP-or about Rs 33 lakh crore of black money-is generated every year through corruption at various levels. While black money which operates within the country can be productive, what goes overseas is seen as non-productive. Impact of Black Money The circulation of black money has adversely affected the Indian economy in several ways. It leads to the misdirection of precious national resources. It has enormously worsened the income-distribution. The fixed income salary class finds itself ever be the lower rung of the income-ladder as they pay taxes. They are not able to catch up with the people in business, or in professions, or many of those employed who make money by black activities. Many high placed official and honest employees earn much less than an average small shopkeeper in big cities like Bombay and Delhi. The existence of a big-sized unreported segment of the economy is a- big handicap in making a correct analysis and formulation of right policies for it. Black money results in transfer of funds from India to foreign countries through clandestine channels. Such transfers are made possible by violations exchange regulations through the device of under invoicing of exports and over-invoicing of imports etc. Black money requires for its protection, proliferation and expansion of a service organization composed of musclemen, touts and brokers to combat the forces of law and order on the one hand and on the other hand, there are income tax advisers, or chartered accountants in the pay of black money operators. There are contact men, liaison officers, Dallas , who negotiate favors from top bureaucracy and political bosses through bribes of black money. Black money has corrupted our political system in a most vicious manner. At various levels, MLAs, MPs, Ministers, party functionaries openly go on collecting funds for party or elections. Ministers dole out favors of crores by accepting black money donations of a few lakhs from businessmen National policies are, therefore, being bent in favor of the big business under the pressure of black money. Causes inflations- The politics of black money thus has corroded the moral fiber of Indian polity. Ministers dole out favors of crores by accepting black money donations of a few lakhs from businessmen. National policies are, therefore, being bent in favor of the big business under the pressure of black money. Due to the pernicious impact of black money on the Indian economy and polity that the Wanchoo Committee concluded: It is, therefore, no exaggeration to say that black money is like a cancerous growth in the countrys economy which, if not checked in time, is sure to lead to its ruination. Survey on Bribery and Corruption India lost a staggering $462 billion in illicit financial flows due to tax evasion, crime and corruption post-Independence, according to a report released by Washington-based Global Financial Integrity. The document on the Survey on Bribery and Corruption was released at the first annual fraud conference organized by the Association of Certified Fraud Examiners here on June 21, 2011. The report stated that 68% of Indias aggregate illicit capital loss occurred after Indias economic reforms in 1991, indicating that deregulation and trade liberalization actually contributed to or accelerated the transfer of illicit money abroad. Reports that wealth is stashed in offshore destinations and tax havens also goes to indicate the extent of the problem, the report said. The KPMG India Fraud Survey 2010 suggested that today India is faced with a different kind of challenge. It is not about petty bribes, popularly known as bakshish anymore, but scams to the tune of thousands of crores that highlight political and industry nexus which if not checked could have far reaching impact on the economy. India has been facing governance challenges from within at various levels for a long time. Rigid bureaucracy, complex laws and long-drawn judicial process deter people from considering legal recourse in corruption cases. India has around 35 million court cases pending. Besides lack of manpower and poor infrastructure facilities, other factors hindering the anti-corruption drive include lack of teeth in the legal framework, the study said. A large number of respondents stated that organizations pay bribes to win and retain businesses. This is a typical scenario where organizations tend to overlook the implications of encouraging these practices and often look only at short term benefits achieved. They fail to realize that what has worked in their favor could also land into trouble later and lead to adverse consequences for them, the report said. The study noted that another key area where business is impacted is in the area of mergers and acquisitions. Nearly 37% respondents opined that the corruption could impact the valuation of a company thereby denying shareholders of a fair price. Moreover, it could also make it difficult for them to find a suitable business partner, thereby seriously impacting the growth prospects of the business, the study said. MEASURES TAKEN BY GOVERNMENT TO TACKLE BLACK MONEY There is no reliable information about the money of Indians in undisclosed bank accounts outside the jurisdiction of the country. There are various estimations based on various assumptions and presumptions which may not be correct. Further there is a marked difference in the amount of these estimates. A proposal for getting a study conducted to estimate the quantum of black money both inside and outside the country has already been approved by Union Finance Minister. The following Government institutes have been approved in March, 2011 for conducting separate studies on black money: National Institute of Public Finance and Policy (NIPFP); National Institute of Financial Management (NIFM); National Council of Applied Economic Research (NCAER). Memorandum of understanding has been signed between CBDT and each of three institutes on 21.03.2011. The study will be completed within a period of 18 months from the date of MOU. Government has formulated a five pronged strategy to tackle the menace of black money which is as below: Joining the global crusade against black money, Creating an appropriate legislative framework, Setting up institutions for dealing with Illicit Funds, Developing systems for implementation (new manpower policy); Imparting skills to the manpower for effective action (constant training for skill development). In line with above strategy, the Government has taken several steps in the last two financial years, the details of which are discussed in the following paragraphs. Joining the global crusade against black money: Black money does not limit itself to the geo- political boundaries. It transcends borders and has become a global problem. The countries across the world have started a concerted global effort and as a part of global effort against black money, India has played a proactive role in pointing out deficiencies in the assessment of various countries by the Peer Review Group of the Global Forum. Government is also playing an active role in ensuring that these countries remove the deficiencies to bring more transparency. India has joined the Task Force on Financial Integrity and Economic Development in order to bring greater transparency and accountability in the financial system. India has joined as the 34thmember of Financial Action Task Force (FATF) on 25th June 2010. FATF membership is important as it will help India to build the capacity to fight terrorism and trace terror funds and to successfully investigate and prosecute money laundering and terrorist financing offences. India has j oined the Asia Pacific Group (APG)against Money laundering. The 14th annual Plenary of Asia Pacific Group (APG) was held in Kochi from 18-22 July, 2011. More than 320 delegates from 41 jurisdictions, observers and various organizations attended the Plenary which was inaugurated by the Union Finance Minister. India is the co-chair of this forum till July 2012. India has gained Membership of the Eurasian Group (EAG)in December 2010. India has joined the Egmont Groupwhich is an international network fostering improved communication and interaction among Financial Intelligence Units (FIU). India is an active member of G 20 and has played a key role both in identifying issues and drafting communiquà ©s. In the G 20 Seoul Summit, November 11-12, 2010, a clause countries to further enter into Tax Information Exchange Agreements wherever required by the partner country was incorporated in the communiquà © at the instance of India. Creating an appropriate legislative framework: The Government has been constantly trying to strengthen the legislative frame work to control generation of black money in the country as well as control the flight of such illicit fund to foreign shores. In pursuance of this India has so far completed negotiations of 22 new Tax Information Exchange Agreementswith various tax heavens. Nine of these agreements have also been approved by the cabinet. India has initiated process of negotiation with 75 countries to broaden the scope of Article concerning Exchange of Information to specifically allow for exchange of banking information and information without domestic interest. As on date, it has completed negotiation with 18 existingDouble Tax Avoidance Agreement (DTAA) countries to update this Article. These agreements have also been initialed. 22 new DTAAs have also been finalized where the Exchange of Information Article is in line with the international standards. In short negotiations/renegotiations of DTAAs with 40 countries have b een completed. DTAAs with Switzerland (amendment), Norway (revised), Mozambique (new), Colombia (new), Ethiopia(new), Georgia(new), Taipei(new), Lithuania(new) and Tanzania(revised) have been signed. The protocol amending our tax treaty with Switzerland was signed on 30th August 2010 and has been approved recently by the Swiss Parliament (on 17thJune 2011). After following the mandatory constitutional process the DTAA will become operational. It will enter into force when Switzerland completes its internal process. Upon entry into force it will allow India to obtain banking information (as well as information without domestic interest) from Switzerland in specific cases for a period starting from 1st April 2011. There are certain countries or territories outside India which do not effectively exchange information with India as an anti-avoidance measure. The Government has enacted legislation to prescribe a tool box of counter measures against these non-cooperative jurisdictions. For this purpose, section 94A has been inserted into the Income-tax Act through Finance Act, 2011. This section gives an enabling power to the Central Government to notify any country or territory outside India, having regards to lack of effective exchange of information by it with India, as a notified jurisdictional area. Once the country/territory as such is notified as a non-cooperative jurisdiction, transactions with residents of such country/territory are subject to higher withholding, certain disallowances and the transactions are also subject to transfer pricing regulations. The Government has proposed the following specific new measures for unearthing black money in the Direct Taxes Code Bill:For the purpose of levy of wealth tax, taxable assets have been defined to include deposits in banks located outside India in case of individual, unreported bank deposits in case of others, interest in a foreign trust or any other entity (other than foreign company) and any equity or preferential shares held in a controlled foreign company. The General Anti Avoidance Rule (GAAR)has been incorporated to deal with aggressive tax planning devices used to circumvent tax laws. Specific Controlled Foreign Company (CFC) rules have been incorporated to bring to tax passive income earned by residents from substantial shareholding in companies situated in low tax jurisdictions. A reporting requirement has been introduced making it obligatory on the part of resident assesses to furnish details of their investment and interest in any entity outside India in the form and manner as may be prescribed. According to the Global Financial Integrity Report, major channel for illicit outflow is transfer of funds through mispricing which accounts for 77.6% of total illicit outflows. The existing transfer pricing provisions of the government, which were introduced in the year 2001 are not detailed provisions as compared to transfer pricing provisions of developed countries. It was felt that there is need to upgrade these transfer pricing provisions to meet the challenges of growing intangible economy and various complex cost sharing arrangements. As per directions of FM, DGIT (International Taxation) has constituted a committee to look into the issue of revising the transfer pricing provisions. The committee has already submitted its interim report which is under consideration.The Prevention of Money Laundering Act (PMLA)was amended on 1st June 2009, whereby the predicate offences listed in the Schedule of the Act were substantially increased. This amendment has tremendously widened the s cope of Money Laundering Investigations. Setting up institutions for dealing with Illicit Funds; Government has decided to set up Exchange of Information (EoI) Cell for an effective exchange of information to curb tax evasion. Efforts are on to put the cell in place under Foreign Tax Division of CBDT. Government has approved the creation of the Directorate of Income Tax (Criminal Investigation), in the Central Board of Direct Taxes. The DCI will perform functions in respect of criminal matters having any financial implication punishable as an offence under any direct tax law. Government has set up Income tax Overseas Units in two Indian Missions abroad. Eight more such units are being setup in the current Financial Year to strengthen information exchange mechanism. In order to augment the reach of the Directorate of Enforcement, the Government has approved upgradation of five existing Zonal offices as Regional offices and five existing Sub Zonal offices as Zonal offices. It has also approved creation of a new Zonal office and 16 new Sub zonal offices of Enforcement Directorate a cross the country. The Process of filling up the additional posts sanctioned by the Government as also for upgradation of the existing offices and setting up of new offices of Enforcement Directorate has started. As per the Action Plan, the Ministry of Finance is filling up the Group A posts of the Directorate in three phases. Developing systems for implementation: Government has doubled the strength of Foreign Tax Division, which deals with the work of exchange of information. The Directorate of International Taxation and Transfer Pricing in the Income Tax Department have also been strengthened as major part of the flow of illicit money outside of India takes place through mispricing of international transaction.In a bid to strengthen the Enforcement Directorate, the Government has approved creation of 1318 new posts at various levels. The process of filling up of these posts has already been started by the Deptt. of Revenue. Imparting skills to the manpower for effective action: As a part of capacity building and skill development, 51 senior Officers were sent abroad for specialized training in the field of International Taxation and Transfer Pricing in F.Y. 2010-2011.Since skill up gradation in international tax and transfer pricing require substantial time and resource, a posting policy has been approved which provides that officers may be posted in the Directorate for the period not less than five years. Apart from the above the Government has also taken the following measures- The Government has constituted a Committee on 27th May, 2011 under the Chairmanship of Chairman, Central Board of Direct Taxes (CBDT) to examine ways to strengthen laws to curb the generation of black money in the country, its illegal transfer abroad and its recovery. The Committee include Member (LC), CBDT, Director Enforcement (ED), Director General of Revenue Intelligence (DRI), Director General (Currency), Joint Secretary (FTTR), CBDT; Director,(FIU-IND) as Members. The Committee will examine the existing legal and administrative framework to deal with the menace of generation of black money through illegal means including, inter alia, (a) Declaring wealth generated illegally as national asset; (b) Enacting/amending laws to confiscate and recover such assets; and (c) Providing for exemplary punishment against its perpetrators. The Committee will also consult all stakeholders and submit its report within a period of six months. 6.1 The second meeting of the Committee on the Black-Money was held on 29th July, 2011 and it has been decided that the Committee would hold its next meeting in September 2011 and in the meanwhile; (i) Letters have been written to various Industry Associations, Voluntary Organizations, ICAI, ICWAI and NASSCOM requesting them to give suggestions/views on existing legal and administrative framework available under the various laws to deal with the menace of generation of black money through illegal means, (ii) More than 3300 comments on the issue of black money have been received from the public via-e-mail which are being examined. (iii) Suggestions for improving the respective laws sent by the organizations, as well as gist of useful suggestions received through email, would be compiled and circulated. (iv) Reminders will be sent to industry and trade associations, ICAI and ICWAI for expediting their suggestion. (v)Letters have also been issued to Chief Commissioners of Income Tax (Cadre Controlling Authorities), Director Generals of Income Tax (Training), National Academy of Direct Taxes, requesting them to give suggestions/views on existing legal and administrative framework available under the various laws to deal with the menace of generation of black money through illegal means. PRACTICAL OBSTACLES FACED ON THE WAY TO FIGHT THE BLACK ECONOMY Pricing Goods acquired illegally take one of two price levels: They may be cheaper than legal market prices. The supplier does not have to pay for production costs or taxes. This is usually the case in the underground economy. Criminals steal goods and sell them below the legal market price, but there is no receipt, guarantee, and so forth. They may be more expensive than legal market prices. The product is difficult to acquire or produce, dangerous to handle or not easily available legally, if at all. If goods are illegal, such as some drugs, their prices can be vastly inflated over the costs of production. Black markets can form part of border trade near the borders of neighboring jurisdictions with little or no border control if there are substantially different tax rates, or where goods are legal on one side of the border but not on the other. Products that are commonly smuggled like this include alcohol and tobacco. However, not all border trade is illegal. Consumer Issue Even when the underground market offers lower prices, consumers still have an incentive to buy on the legal market when possible, because: They may prefer legal suppliers, as they are easier to contact and can be held accountable for faults; In some jurisdictions, customers may be charged with a criminal offense if they knowingly participate in the black economy, even as a consumer; They may feel in danger of being hurt while making the deal; They may have a moral dislike of black marketing; In some jurisdictions (such as England and Wales), consumers in possession of stolen goods will have them taken away if they are traced, even if they did not know they were stolen. Though they themselves commit no offense, they are still left with no goods and no money back. This risk makes some averse to buying goods that they think may be from the underground market, even if in fact they are legitimate (for example, items sold at a car boot sale). However, in some situations, consumers can actually be in a better situation when using black market services, particularly when government regulations and monopolies hinder what would otherwise be a legitimate competitive service. For example: Unlicensed taxicabs. In Baltimore, it has been reported that many consumers actively prefer illegal taxis, citing that they are more available, convenient, and priced fairly. Illegal Drugs From the late 19th and early 20th centuries, many countries began to ban the keeping or using of some recreational drugs, such as the United States war on drugs. Many people nonetheless continue to use illegal drugs, and a black market exists to supply them. Despite law enforcement efforts to intercept them, demand remains high, providing a large profit motive for organized criminal groups to keep drugs supplied. The United Nations has reported that the retail market value of illegal drugs is $321.6 billion USD. Although law enforcement agencies intercept a fraction of the illegal drugs, and incarcerate hundreds of thousands of wholesale and retail sellers, the very stable demand for such drugs and the high profit margins encourages new distributors to enter the market without an increase in the retail price. Many drug` legalization activists draw parallels between the illegal drug trade and the Prohibition of alcohol in the United States in the 1920s. In the United Kingdom, it is not illegal to take drugs, but it is illegal to possess them. This can lead to the unintended consequence that those in possession may swallow the evidence; once in the body they are committing no crime. Prostitution Prostitution is illegal or highly regulated in most countries across the world. These places form a classic study of the underground economy, because of consistent high demand from customers, relatively high pay, but labor intensive and low skilled work, which attracts a continual supply of workers. While prostitution exists in every country, studies show that it tends to flourish more in poorer countries and in areas with large numbers of unattached men, such as around military bases. Prostitutes in the black market generally operate with some degree of secrecy, sometimes negotiating prices and activities through codewords and subtle gestures. In countries such as the Netherlands, where prostitution is legal but regulated, illegal prostitutes exist whose services are offered cheaper without regard for the legal requirements or procedures- health checks, standards of accommodation, and so on. In other countries such as Nicaragua where legal prostitution is regulated, hotels may require both parties to identify themselves, to prevent the rise of child prostitution. Learning from the Article Through this Article we learn that:- Introduction to Black Economy in India. The Measures taken by Government to curb Black Economy. The Challenges faced while tackling Black Economy CONCLUSION Parallel economy is a new threat for the Indian economy. In India parallel economy is expanding very rapidly. Government of India introduced commissions under Kaldor, Wanchoo, Rangnekar, Chopra, and Gupta for estimating black economy. There are many factors like Controls and Licensing System, Higher Rates of Taxes, Ineffective Enforcement of Tax Laws, Inflation, Funding of political parties etc. that influence its growth. In India amount of black money are increasing continuously which badly impacts the economic growth of the nation. Such money is a new challenge for Indian economy. Indian economy is badly affected by black money as it is underestimating GDP, increasing inequality of income, increasing illegal activities etc. Over the past 50 years, the government has at various times announced several schemes offering opportunities to bring black money overboard but the result are not so effective. Some of these schemes are: introducing the scheme of Special Bearer Bonds, demonetizi ng high denomination currency notes, stringent raids and scheme of voluntary disclosures. These instruments are expected to reduce the volume of the black economy.

Essay --

â€Å"Heroes take journeys, confront dragons, and discover the treasure of their true selves.†- Carol Lynn Pearson. Heroes have many different qualities depending upon the person you believe is a hero in your eyes. A Hero’s qualities could be being Brave, Trustworthy, Loving, a Leader, Intelligent, and Kind. Now those are just some common characteristics to â€Å"make† or to â€Å"be† a hero. Some heroes to others could be in their family, their friends, or even famous people that have passed or are still alive. A characteristic that stands out to many is Bravery. Being a brave person can be challenging. Martin Luther King Jr., for example, is a brave person and a hero. † A man who won't die for something is not fit to live†-Martin Luther King, Jr. He stood up for what he believed in and stood up for all of the ones who were frightened to say something. His speech,† I Have a Dream† caught the attention by everyone in the whole entire world. Martin was arrested upwards to about twenty times and was assaulted about four times (nobelprize.org/MartinLutherKingJr.). How could Martin Luther not be a hero? He risked his life for Blacks and for their rights. Would you do this if you were in his shoes? Another example of a Brave hero would be Anne Frank. † And finally I twist my heart round again, so that the bad is on the outside and the good is on the inside, and keep on trying to find a way of becoming what I would so like to be, and could be, if there weren't any other people living in the world†-Anne Frank. Even though she was younger and may not have understood everything, she was still a brave and strong person. She had to go into hiding to save her life and her families. They all had to stay quiet and get along with all the families they were ... ...n a season, and the most valuable player of the year. All of his awards and accomplishment showed that it doesn’t matter what you like. Appearance doesn’t determine if you are skilled or not, if you are brave, or even a hero. In conclusion, the qualities are what make up a hero. Not the ways they look, act, or speak, but they all have one thing in common which is standing for what they believe in. In any situation that occurs. Someone’s appearance does not prove or show you what they can do or how they can act. A hero’s actions or skills are what make them a hero. You don’t have to be a superhero with a cape or a muscular man to make everyone think you are a hero. You could be the quietest person in the school or your town for that matter. If you are willing to stand for what you believe in and do what you think is the right decision, you could be a hero to many.

Extended Critical Response Final Draft

The amount of women who join or even are a part of science related fields, are few and the percentages are lowering over time. The question is why? Why aren't women pursuing careers in these fields? The combination of stereotypes in society and the lack of education on this matter is the answer. They get in the way of a woman's judgment and choices. This is the argument that the article ‘The Persistence of Gender Myths in Math† by Roseland Chat Barnett & Carry Rivers published in October 2004, in the newspaper Education Week supports.I reasonably am in favor of Barnett and Rivers position. Not only because they are against the stereotype which is implanted in our society, that math is only suitable for men but also because they believe that if women where properly educated without bias they could achieve things they are capable of instead of being discouraged. To support my views on this matter will be using evidence from other sources that will be presented later on. One reason I agree with Barnett and Rivers is because on one hand although they acknowledge the fact that â€Å"men far out number women in math related fields† (par. , on the other hand they argue that this has nothing to do with innate differences but rather with stereotypes. In other words the authors do not believe that genes are the reason why women do not choose to study math but are rather deterred from biased people and circumstances which discourage women in succeeding in these fields. When girls grow up in an environment which is biased and supports that men are better than women in jobs or math related studies and avert them from doing the same they will end up believing that men are better than them and that â€Å"erodes their confidence in their own ability to succeed† (par. . In plain English when a girl has been discouraged throughout her life from doing cometh inning that is considered unsuitable to her gender she will not have confidence in achieving a go al and she will believe that she IS not good. It will always seem hard, even if she has the capability of achieving it. Moreover, I could not agree more with Barnett and Rivers that ‘culture has convinced them that girls don't belong in these fields† (par. 0), because a biased culture and the influence of stereotypes may avert girls from choosing what they are good at but rather choose what they are mostly suited for. But doesn't culture consist of education and family? On one hand the article â€Å"Reinforcing Gender Stereotypes: How Our Schools Narrow Children's Choices† by Athena Donald published in January 2014 in the newspaper The Guardian the author supports that the reason girls are not interested in â€Å"manlier† subjects is not due to innate differences but propaganda in school.As Donald puts it â€Å"children learn sexism at school†. Barnett and Rivers are Of the same mind. They believe that teachers do not encourage girls in choosing cour ses that are more popular with boys. On the other hand, Steven Pinker the author of The Science of Difference† published in February 2005, in the newspaper The New Republic talks about this topic in a more psychological prospect and is a firm supporter that biology has to do with what we like (nature), but partly agrees with Barnett and Rivers that people's preferences are caused by their social environment (nurture).This is where family comes in. When the author says â€Å"children are born unisex and are molded into male and female roles by their parents† it shows us that children have the same abilities in achieving things but society is what teaches kids that humans are different due to their ex, which applies, to my beliefs as well as Barnett and Rivers. The authors of † The Persistence of Gender Myths in Math† offer a solution, which think is reasonable.A combination of teachers helping kids in the school environment and enhancing the girls' natural ta lents rather than eliminating them because they don't apply to their sex and the elimination of bias from our society, is what the authors believe to be the solution. Firstly, they believe that teachers can contribute to their female students and help them believe that they are equally likely to succeed in the fields of math. To do so, the educators need to â€Å"examine the degree to which they themselves may have – unconsciously- accepted the math-male equation† (par. 1). Agree with the authors because, since teachers are the ones who have a part of â€Å"molding† a child's personality they need to educate themselves too on this subject. Children cannot be trusted with a teacher who does not encourage them equally. Moreover, I could not agree more with Barnett and Rivers when they say that when we stop believing in the stereotype that men are better that women at math and finally see that it has nothing to do with innate differences (par. ) but rather judge co rrectly a human and his capabilities by â€Å"their individual merits rather than the statistics of their group† (Pinker par. 6) that is when we will have a clear idea of each individuals capabilities despite of their sex. TO sum up, I am a firm supporter of Barnett and Rivers, because they are of the same mind as me which is that achievement in math has nothing to do with sexual characteristics but this is our society's false belief that men can do better in math fields.The consequence of which, ends up affecting women negatively, it does let them acknowledge their own abilities and flourish in these fields. Moreover, the authors do not stand idly towards this topic but proceed in offering a solution in eliminating this bias specifically in the school environment, which is that educators should eliminate this inhabited stereotype so they can judge the abilities of their students in math, based on their performance and not according to their sex which will result in encouragi ng them equally.Finally, a stereotype cannot stand in the way of a woman's pursuit of her dreams just because her sex according to statistics does not do well in math. All humans despite of their ex, deserve the same encouragement and support in achieving their goals, so it's time for society to work off this bias and judge equally peoples' achievements rather than having a false idea of women's capabilities.

Acc/230 Week 6 Assignment

Week 6 Assignment: Candela Corporation Case Rebecca Mouser ACC/230 Financial Reporting: Peeking Under the Financial Hood November 4, 2012 Instructor Nathan McDaniel Week 6 Assignment: Candela Corporation Case Assignment: Candela Corporation Case Resource: Ch. 4 of Understanding Financial Statements * Compose a 500- to 750-word paper responding to questions 1 and 2 of the Candela Corporation Case on p. 146 (Ch. 4). * Format your paper according to APA standards. * Post your paper as an attachment. 1.Using the Consolidated Statements of Cash Flows, prepare a summary analysis for the years ended July 3, 2004, June 28, 2003, and June 29, 2002. Analyze the cash flows for Candela Corporation, Inc. for all three years. 2. Explain what information you gain from the statement of cash flows that cannot be found directly from the balance sheet or income statement. â€Å"Candela Corporation is a pioneer in the development and commercialization of advanced aesthetic laser systems that allow phys icians and personal care practitioners to treat a wide variety of cosmetic and medical conditions† (Fraser & Ormiston, 2007, pp. 46-147). After reviewing the corporation’s statement of cash flows for the years 2002, 2003, and 2004, it is clear that the company has taken on many changes financially. In 2002, Candela Corporation had a weak start with several losses compared to the years 2003, and 2004. In 2002, Candela had a net loss of $2,154 (thousands) compared to a net gain in 2003 and 2004. Candela Corporation had a significantly higher amount of loss in its net cash used in operating activities of $7,071 (thousands) compared to its net loss of $2,154 (thousands), a difference of $4,917.Candela Corporation also had a net loss in its investing activities of $1,058 (thousands), and a net loss in its financing activities of $5,141 (thousands). Candela also had a loss of $68 (thousands) on its income taxes for the year. In 2002, the company took a loss in the followi ng operating areas according to their statement of cash flows. Provision for deferred taxes $115 (thousands), tax benefit from exercised stock options $6 (thousands), effect of exchange rate changes on foreign currency denominated assets and liabilities of $305 (thousands).Account receivable $3,525 (thousands), notes receivable $54 (thousands), inventories $1,661 (thousands), and accounts payable $3,069 (thousands) and income tax payable $784 (thousands). Net losses in investing and financing areas include purchase of property, plant, and equipment of $1,058 (thousands), repurchases of treasury stock of $5,215 (thousands), and principle payments of long-term debt of $370 (thousands). In 2003, Candela Corporation had a net profit at the yearend of $6,814 (thousands) with a net cash used in operating activities of $11,655 (thousands); a significant difference from 2002.Candela Corporation still had a net loss in its investing activities of $1,227 (thousands) while they had a net profi t in its financing activities of $176 (thousands). Other net losses the company incurred in its operating, investing, and financing activities sections were provision for bad debts $13 (thousands), provision for deferred taxes $682 (thousands), and tax benefit from exercised stock options of $505 (thousands). Other areas are restricted cash $57 (thousands), account receivable $2,417 (thousands), accounts payable $1,409 (thousands).Accrued warranty costs of $921 (thousands), purchase of property, plant, and equipment $1,227 (thousands), net borrowings (repayments) on line of credit $1,114 (thousands), and principle payments of long-term debt of $3,330 (thousands). Candela Corporation seems to be most successful in 2004 according to its statement of cash flows. In 2004, Candela Corporation had a net income of $8,119 (thousands) and $1,132 used in net operating activities. Even though the company still had several losses in 2004 they were still able to profit from the last two years.Ot her net losses the company incurred in its operating, investing, and financing activities sections were tax benefit from exercised stock options of $1,223 (thousands), restricted cash $200 (thousands), accounts receivable $7,663 (thousands) and inventories of $2,134 (thousands). Other current assets of $2,550 (thousands), other assets $236 (thousands), accounts payable $91 (thousands), income tax payable $1,312 (thousands), and purchase of property, plant, and equipment of $685 (thousands).The income statement and balance sheet provides an adequate amount of information, but the statement of cash flows provides a clearer picture of what a company is doing and how well they are doing. The income statement and balance sheet provides information about the accounts receivable and the accounts payable as well as depreciation; the statement of cash flows also provides this information. â€Å"A company’s financial statements consist of the balance sheet, income statement and cash f low statement. The balance sheet summarizes the assets, liabilities and shareholders’ equity of the company.The income statement shows the sales-related activity over a period, which is usually a quarter of a year. The cash flow statement shows the cash inflows and outflows during a period. Financial information is important in assessing a company’s profitability, detecting problem areas and making investment decisions† (Basu, 1999-2012). References Basu, C. (1999-2012). The importance of Income Statement and Cash Flows. Retrieved from eHow: http://www. ehow. com/info_8274659_importance-income-statement-cash-flows. html Fraser, L. M. , & Ormiston, A. (2007). Case 4. 2 CandelaCorporation. Prentice Hall.