Nanotechnology Essay Example | Topics and Well Written Essays - 250 words

Nanotechnology - Essay Example Synthesis techniques used for the production of carbon nanotubes have also been taken into consideration, which include arc discharge, laser ablation, electrolysis, chemical vapor deposition, ball milling, diffusion flame synthesis, polymer heat treatment, and low-temperature solid pyrolysis (Cheap Tubes Inc.). Techniques for the purification of these tubes, like oxidation, acid treatment, centrifugal concentration, annealing, sonication to break down carbon nanotubes, filtering and functionalization techniques, have also been discussed. The types of energy storage for which carbon nanotubes are used, their modeling aspects and storage features, have been taken into account. These types mainly include electrochemical hydrogen storage, electrochemical lithium storage, gas-phase intercalation, and charge storage in supercapacitors (Loyseau 530). Carbon nanotubes’ exclusive characteristics and matchless nanostructure makes them fundamental components of forthcoming energy storage devices (Luniya). Hence, special focus has been put on the use of carbon nanotubes in energy device industry to discover the limitations and opportunities that exist in this field. The report is accompanied by an extensive literature review to support the significance of the topic. Luniya, Robin. Technology Insight Report: Carbon Nanotubes in Energy Storage Devices. Andrà ¡s Paszternà ¡k, 04 Aug 2010. Web. 14 Sep 2010.

Basic Device and Security Configuration Essay Example for Free

Basic Device and Security Configuration Essay When designing a network there are basic network and security configurations that one needs to consider. Choosing a hostname for each device is very important, this allows the user to know what device they are working on. Configuring interfaces with a proper IP, subnet, and descriptions are part of the basic configuration of a network device. One needs to consider the security setting for the network devices. There are some basic configurations that one can choose to use in their configuration. Passwords and a username should be used for consoling and remote access to any network device. Enable passwords and encrypting those password are best practice’s for any engineer. Configuration of a username and password for virtual lines, will help in keeping unwanted persons out of your network device along with, a banner upon logging into a device. Banners are messages that will display a warning to any unauthorized person looking to access the device. Shutting down unused ports in a switch, will keep unwanted clients of the network and people from just plugging a laptop into the port for access. Remote access is something to think about when configuring a device. SSH (Secure Shell) and telnet are two network protocol used to remote access to a device. SSH is a more secure application that uses higher encryptions of data then telnet does. To generate the SSH key the use of crypto key generate rsa is used with a 1024 bit key, creates the most secure key. Remote access is a concern to any engineer and should be taken with the highest priority. Commands Used in Basic Device Configurations CLI commands that are used in a switch and in a router are the same. Most CLIÂ  commands are configured in the global configuration mode. It’s always good practice to start with the command erase startup-config, which resulted in the saved NVRAM configuration to be erased. Setting the appropriate hostname for the device is the command hostname {name}. By naming ones device, this will let the user know what device they are working in. Passwords helped secure the device for the enable mode, consoling into the device, and remote access. To set a password to access the enable mode, one need to use the command enable secret {password}. The configuration of a password for consoling into a device, one needs to be in the line con 0 mode and use the command password, the same command is used for remote access but in the line vty 0-15 mode. When using the enable secrete command, the passwords are displayed in clear text. For more security, service password-encryption is used encrypt the password when a show run command is used to display the running configuration. Enabling SSH version 2 is a better choice than version 1. SSH version 2 has stronger cryptographic integrity check and supports password changing. If one configurators their device to support SSH, then there are several commands that need to be configured. A username {name} password {password} command needs to be assigned. The ip domain name domain {mycompany.com} command is used, followed by crypto key generated rsa command. When the engineer types that command the IOS will prompt one for the number of bits. 512 is the default, however, one can choose a larger number and 1024 bits is recommended. The RSA encryption key is used for authentication and encryption of the SSH data. The transport input telnet ssh command allows telnet and ssh on the virtual lines by being configured in the line vty 0 -15 mode. The interface range {interface}-{interface} command is used to make changes in the interface range. One can use this command to shut down all unused ports in a switch. Lastly, the copy run start command was used to copy the recent running configuration to the startup configuration.

Essay --

Let’s Improve our Writing through Reading Do you know that successful and famous writers read a lot! They read different types of materials ranging from books, magazine, newspapers etc. Why do they read a lot? Does that indicate something and have a meaning? Reading a lot help the reader to understand and get the art of language. In addition, it helps the reader appreciate the finer words. Reading a variety of written materials motivates the reader. It helps the reader to identify a gap which provides the reader with a chance to address the issue that has not been addressed by other writers, while failure to read variety of written materials limits a person’s vocabulary. This might kill the dream of becoming a successful writer. A person yearning to become an author must make reading a habit and personal passion. This is through looking for reading materials and creating much time to reflect on the reading. Students must be ready to read widely. This is through combining both old and current pieces of writing. This would help students to understand the progress that has been made by authors. This is important in helping the reader to come up with a unique piece of writing that will catch the attention of people and make a change in the society. Reading increases students’ confidence, knowledge, skills, and strategies. As a result, for students to become successful writers they need to read a lot; write down and note as many point and vocabularies as possible and sharpen both reading and writing skills as much as possible. When a student is young, the student is unable to write effectively, as the student is exposed to reading materials, the writing skills become more effective. This is the case for a person or student who is pl... ...s and journal etc. to obtain new ideas in different and variety of fields, learn new vocabularies and fall in love with writing. When reading, it’s important to write down and note the important points and ideas. In addition, it’s important to write down your own thoughts and ideas as they come. These are important in composing your ideas into a piece of writing. When reading, ensure that you analyze the character, plot or theme. This is through breaking down the book. As a reader, you should analyze why the writer make the choices in his book, how did the character convey their qualities and how did the book start of lay out the whole plot. In addition, it’s important to understand how the theme was portrayed in the book. This helps reader to be able to understand how to draft an attractive theme, plot and qualities of the characters. This makes you a great writer.

Suzanne Drolet – Marketing Perceptions

Introduction: Suzanne Drolet is the manager of a McDonald’s restaurant in a city with a lot of senior citizens. These senior citizens have become regular customers at the restaurant. They come in for the senior citizen breakfast special and stay till late afternoon, with coffee refills being free. So, even though they stay there from breakfast to lunch, they only order the breakfast special and get refills of coffee. Suzanne likes them, they are all very friendly and clean customers. The restaurant isn’t facing any crowding issues either as there is more than enough room for them and the other customers.However, Suzanne is worried about the future of the restaurant. Problems: In my opinion, Suzanne is right to be worried about the future of the restaurant. First and foremost, her fears that the restaurant might be labelled as an ‘old people’s’ restaurant by the younger generation is correct. If they younger generation starts to percieve the restauran t as a place for old people, they will stop dining at it and look for substitutes. Secondly, although the senior citizens are nice and friendly to the customers that come and go, the ambiance of the place is severly misleading for the younger generation.If the place has an old person home feel to it, then less and less people will go there. Simply because the restaurant itself is positioning itself as a place for older people to hang out. Thirdly, the restaurant will lose a great amount of its sales in the future if the seniors keep doing what they are currently doing. This is simply because they don’t order food the same way ordinary customers do. They come in for the breakfast special and get free refills of coffee. Furthermore, if the group of seniors that come in keeps growing in number, it might lead to a crowding issue.The restaurant might sooner or later run out of space to accommodate everyone. People might start to avoid the restaurant because of that. In addition, t he employee and customer relationship might become stronger and stronger as more time passes by which would make taking a drastic decision harder in the future. Even if Suzanne does make a tough choice, she will become unpopular with the rest of her staff. This can result in the drop of the worker's morale. Solutions: Suzanne can manipulate the promotions to dictate when the seniors come in to the restaurant.She can change the breakfast special from everyday to weekdays only. This would reduce the number of seniors that come in on the weekends which is when the majority of the younger generation goes out. Whereas on the weekend she can put up special discounts for students to bring them in to the restaurant. She can also remove the free coffee refills or limit them somehow to reduce the time the seniors spend in the restaurant. Suzanne can also hold special events for the younger generation to attract them to the restaurant.She could turn up the ambiance of the place by holding kara oke nights or open mic nights. This would attract customers and change the feel of the place. If these simple steps do not help, then Suzanne will have to take drastic steps to save her restaurant. She may have to completely get rid of the senior specials such as the breakfast special and put a restriction on how long people can sit at the restaurant without ordering food. These would make the restaurant and the employees very unpopular with the senior citizens of the area. Suzanne Drolet – Marketing Perceptions Introduction:Suzanne Drolet is the manager of a McDonald’s restaurant in a city with a lot of senior citizens. These senior citizens have become regular customers at the restaurant. They come in for the senior citizen breakfast special and stay till late afternoon, with coffee refills being free. So, even though they stay there from breakfast to lunch, they only order the breakfast special and get refills of coffee. Suzanne likes them, they are all very friendly and clean customers. The restaurant isn’t facing any crowding issues either as there is more than enough room for them and the other customers. However, Suzanne is worried about the future of the restaurant.Problems:In my opinion, Suzanne is right to be worried about the future of the restaurant. First and foremost, her fears that the restaurant might be labelled as an ‘old people’s’ restaurant by the younger generation is correct. If they younger generation starts to percieve the restaurant as a place for old people, they will stop dining at it and look for substitutes. Secondly, although the senior citizens are nice and friendly to the customers that come and go, the ambiance of the place is severly misleading for the younger generation. If the place has an old person home feel to it, then less and less people will go there.Simply because the restaurant itself is positioning itself as a place for older people to hang out. Thirdly, the restaurant will lose a great amount of its sales in the future if the seniors keep doing what they are currently doing. This is simply because they don’t order food the same way ordinary customers do. They come in for the breakfast special and get free refills of coffee. Furthermore, if the group of seniors that come in keeps growing in number, it might lead to a crowding issue. The restaurant might sooner or later run out of space to accommodate everyone. People might start to avoid the restaurant because of that.In addition, the employee and customer relationship might become stronger and stronger as more time passes by which would make taking a drastic decision harder in the future. Even if Suzanne does make a tough choice, she will become unpopular with the rest of her staff. This can result in the drop of the worker's morale.Solutions:Suzanne can manipulate the promotions to dictate when the seniors come in to the restaurant. She can change the breakfast special from everyday to weekdays only. This would reduce the number of seniors that come in on the weekends which is when the majority of the younger generation goes out. Whereas on the weekend she can put up special discounts for students to bring them in to the restaurant. She can also remove the free coffee refills or limit them somehow to reduce the time the seniors spend in the restaurant. Suzanne can also hold special events for the younger generation to attract them to the restaurant.She could turn up the ambiance of the place by holding karaoke nights or open mic nights. This would attract customers and change the feel of the place. If these simple steps do not help, then Suzanne will have to take drastic steps to save her restaurant. She may have to completely get rid of the senior specials such as the breakfast special and put a restriction on how long people can sit at the restaurant without ordering food. These would make the restaurant and the employees very unpopular with the senior citizens of the area.

Report on Usha Martin

ON SALES PROCEDURES & LOGISTICS PREPARED FOR AND PRESENTED TO (WIRE & WIRE ROPE SPECIALITY DIVISION, RANCHI) UNDER THE GUIDANCE OF Mr. ARUN KUMAR DEY (Assistant Manager) (Sales Co-ordination) SUBMITTED BY NIKHIL KIRAN BBA, BIT MESRA, RANCHI. (2008-11) ANKIT KHANDELWAL BBA, BIT MESRA, RANCHI. (2008-11) VIKASH KUMAR DUBEY BBA, BIT MESRA, RANCHI. (2008- 11) DECLARATION CERTIFICATEThis is to certify that the work presented in the project entitled â€Å"SALES PROCEDURES AND LOGISTICS OF USHA MARTIN† in partial fulfillment of the requirement for the award of degree of BACHELOR OF BUSINESS ADMINISTRATION of Birla Institute Of Technology Mesra,Ranchi is an authentic work carried out under my supervision and guidance . To the best knowledge, The content of this project does not form a basis for the award of any previous degree to any one else. (A. R. SRIVASTAV) Dept Of management Birla Institute Of Technology Lalpur Extension Centre Ranchi CERTIFICATE OF APPROVALThe foregoing project e ntitled â€Å"SALES PROCEDURES & LOGISTICS OF USHA MARTIN LTD. † Is hereby approved as a credible study of research topic and has been presented in satisfactory manner to warrant its acceptance as perquisite to the degree for which it has been submitted. It is understood that by this approval, the undersigned do not necessarily endorse any conclusion drawn or opinion expressed therein, but approve the thesis for the purpose for which it is submitted. Intenal Examiner External Examiner Head Of The DepartmentAcknowledgement The satisfaction and euphoria that accompany the successful completion of the work would be incomplete unless I mention the people, as an expression of gratitude, who made it possible and whose constant guidance and encouragement served as a beacon of light and crowned my efforts with success. This report would have been impossible but for the support and guidance that we received from various people at different stages of the project. Our sincere thanks to MR. A. R. SRIVASTAV whose excellent guidance, encouragement and patience has made possible the successful completion of this project.Last but not the least we extend my sincere thanks to the entire team for providing me their time and active co-operation and all who have helped me directly or indirectly in this project. CONTENTS SI. No. | Description| | Industry and Company Profile| | | | a) Vision| | b) A brief History | | c) Other Particulars | | d) Competitors | | The Project Profile| 1| | 2| Sales procedure and System| 3| Sales procedure and form| 4| Quality analysis Testing| 5| Dispatch | | The Project-Background & Methodology| 1| Research Topic| 2| Research Objective| | Research design | 4| Information Requirement| 5| Sampling | 6| Limitations| | Analysis and Recommendation| 1| Logistics | 2| Analysis of process involved in loading cycle | 3| Findings / Suggestions| 4| Analysis of Monthly Dispatch of wire and rope | 5| Findings / Suggestions | 6| Swot Analysis for UML| | Conc lusion| | BIBLIOGRAPHY| | | VISION In our chosen business, we shall retain market leadership in India and shall be globally competitive through customer orientation and excellence in quality, innovation and technology. Looking Back – A Brief History 960 – The Company was incorporated as Usha Martin Black (Wire Ropes) limited having its wire rope plant at Ranchi. The name was changed to Usha Martin Black Ltd. in 1979 and further changed to Usha Martin Industries Ltd. (UMIL) in 1983. 1962 –the production was started and the turnover that year was 996 MT and Rs. 22. 34 lakhs respectively. 1965 – UMIL promoted Usha Ismal Ltd. (UIL) in collaboration with CCL Systems Ltd of UK for the manufacture of fittings and accessories, equipment for pre-stressed concrete system, wire ropes and wire ropes splicing equipment at Ranchi.UIL merged with UMIL in 1990 and became a division of the company 1969-promoted Usha Brecko Ltd. To design, construct and erect Arial ropeway . 1971 – UMIL promoted Usha Alloy Steels Limited (UASL) for the manufacture of billets at Jamshedpur. UASL merged with UMIL in 1988. 1975 – UASL acquired an ongoing rolling mill at Agra. 1975 – UMIL set up its Machinery Division at Bangalore for the manufacture of Wire Drawing and allied machines in technical collaboration with Marshall Richards Barcro Limited (MRB) of UK. 1979 – In order to obtain steady supply of wire rods for its wire rope plant, UASL set up a Wire Rod Rolling Mill at Jamshedpur. 980-Promote Usha Siam steel industry Ltd. in Thailand to manufacturing wire, wire rope , and auto control cables. 1986-Promote Usha Beltrone Ltd. To manufacture Jelly filled. 1987 – UMIL, along with Bihar State Electronics Development Corporation, promoted Usha Beltron Ltd. (UBL) in collaboration with AEG KABEL of Germany for the manufacture of Jelly Filled Telephone Cables. 1993-Promoted Usha Martin Pvt. Ltd. a joint venture, to provide cellular, pagin g and Telecom services. 1994-Setup software division to provide IT solutions for communication application. Setup Usha Martin Europe Ltd. a distribution center at Glasgow, U.K. 1996-Promoted summit Usha Martin Finance Ltd. a joint venture to proved financial services. 1997 – UMIL merged with UBL i. e. 1st October 1997. 1998-Setup Usha Martin amerces inc. , distribution center in Houston. Setup UMLcor, South Africa, a manufacture unit and distribution center in Johannesburg. 2000 – Acquisition of specialty wire rope manufacturing plant in UK â€Å"BruntonShaw†. Commissioning of 25 MW thermal power plants for captive consumption. 2001 – – Commissioning of 2nd SMS to enhance capacity and produce quality specialty steel. 2003 – Usha Beltron Ltd Changed its name to â€Å"Usha Martin Limited (UML).UML created Fine Cord Plasticated coated Fine wires, household wire, Polymer coated wire, Fine Ropes & Bright Bars manufacturing facilities in Tatisilw ai- Ranchi. 2004-The company successful commissioned DRI and WHRB power plant at its steel division in Jamshedpur. 2005-The company signs an MOU with Joh. Pengg for manufacturing of the specialty oil tempered spring steel wire. Commences iron ore mines successfully. Railway siding commenced. 2006-Pursuant to B. T. A. the company acquired the business of Usha construction steel ltd. , Rolling mill at Agra w. e. f. 1st-dec- 2006 as a part of the steel segment. 007- Peng Usha Martin collaborates with Jo-Peng, Austria in 2007 for Special Wire. 2008-. In this year Usha Martin Limited has awarded for excellence in consistent TPM (Total Productive Maintenance) in 2008 by Japan Institute of plant maintenance (JIPM), and CII (Confederation of Indian Industries) 2009- In this year company sets some more plants inside the Tatisilwai wire and wire rope plant and the construction and upgradation is continued, like 20MW power plant is under construction which will increase the monthly production of the unit. A 3000 tn capacity LRPC plant was established in this year at Tatisilwai plant.The company acquired Netherland based distribution and Rigging Company De Ruiter Stackable B. V. Successfull commissioning of wire rope plant at Houston, America. Other Particulars IN USHA MARTIN L. T. D Location Chotanagpur Plateau Plant Area112 Acres Nearest TownRanchi (13 Km) Nearest Railway StationTatisilwai (1 Km) Nearest Airport Ranchi (17 Km) Nearest HighwayN H-33 (8 Km) Nearest PortKolkata (412 km) PowerContracted demand 8000 KVA Source-JSEB Water2400-3200 m3/day SourcesSubernekha River . Competitors for Usha Martin Ltd. GLOBAL COMPETITORS IN INTERNATIONAL MARKETS COMPANYCOUNTRY Kiss wireKoreaBritish RopeU. K. Haggier randSouth Africa FedgerSwitzerland Austria droughtAustria CasarGermany BridonGermany DietzGermany John ShawU. K. RedaelliItaly SFESpain TeufelbergerAustria PfeifferSwitzerland DOMESTIC COMPETITORS IN INDIA South India wireKerela Bombay Wire RopesMaharashtra Bharat Wires Ropes Maharashtra INTRODUCTION ON SALES PROFILE Sales Co-ordination Department occupies a strategic position in USHA MARTIN LTD. It spreads the organization’s effort to supply customer with ever increasing qualitative of product at profitable price. Good products at competitive price are not enough.Company’s success is affected by the dealings and association of the sales Co-ordination department with customer and public, sales Co-ordination department with other department with other department influence the company’s reputation with public. So each and every department is able to maintain a healthy relationship with sales department. QUALITY OBJECTIVES OF SALES CO-ORDINATION DEPARTMENT VISION: QUALITY WORK WITH LOWEST COST SALES PROCEDURE FLOW CHART ENQUIRY: First of all enquiry is made about the product required i. e. whether the company has required product of required size, length, weight, rate, delivery etc.QUOTATION: In Quotation Company gives detail info rmation on certain matter to the customers. The quotation includes: > Product variance > Rate > Lead time > Delivery > Making time PURCHASE ORDER: Purchase order gives the complete of the product demanded by the customer. Purchase order is packed to the Head office of the company. Along with the covering letter, the Purchase order is forwarded to the planning Department of the company and accordingly sales order is prepared. It contains following information: * Name of the customer with address. * Place, the products are to be delivered (consignee). * Reference no. hich is used as order number by the company. * Name of the product. * Size of the product. * Construction of the product. * Coating and core of the product. * Rate/price of the product. * Quantity of the product. * Remark. SALES ORDER: Sales order is prepared in the planning department with the help the existing system (BAAN). It contains entire information as given in the purchase order. Sales order is send to branch off ice, Kolkata marketing, quality assurance, sales co-ordination Department with the help of BAAN. BAAN is an intra organizational network connected with the computer and is automatically updated.SALES ORDER CONTAINS: * Customer address with code. * Order acceptance no. * Customer’s order no. * Quotation. * Order no. * Date. * Branch Name. * Consignee. * Taxes & Duties. * Postal address. * Other expenses. (Insurance, octroi, advance, commission) * Banker. * Payment terms. PRIME STOCK Prime stock is the MIS of finished goods. It is prepared by production department. It provides the clear picture of what products have been produced and their composition and thus it facilitates in analyzing. Prime stock report is sent to sales co-ordination department. It provides the following details: Sales order. * Project & lot. * Length of the product. * Weight of the product * Reel used for packing and its weight. * Type, size & construction of the product. * Coating lay, tensile. * Lubrican t used in the product. * Closing sheet date & status of the product. * Rate and value of the products. * Information regarding party code, consignee & Destination. * Inspection and age of the product. IMPORTANCE: a) Prime stock assists sales co-ordination department to take the decision in b) What ratio dispatch will be made. c) It helps in making the dispatch advice or rough challan no. ) It helps in knowing the detail specification of the products to be dispatched. PRODUCTION PLAN After the sales order has been made, the company plans about the raw materials to be purchased, the raw materials in stock, container requirement, delivery time etc. It contains the following plan: * Monthly production plan. * Quantity wise production plan. * Order wise production plan. * Raw material wise production plan. * Number of Man power needed. * Nos. of Reels, Bobbins required. * Machine planning. PRODUCTION: After production plan the actual production takes place in the production department.Th e following production process is followed: Rod Ironing Pickling Denting Wire Mill (rod is drawn to make wire) ROD WIRE STRAND ROPE WIRE * Galvanized (zinc or lead) * Black Rope: Construction: * 6/36 i. e. it contains 6 strands & one strand contain 36 wires. There are many Other constructions like 1/7, 6/7 , 6/26, 8/36 , 6/ 19 etc. * It may be G/S (Galvanize Steel) , B/S (Black Steel), G/F (Galvanize Fibre coat) etc. Q A Testing: The product produced is send to the QA department and when QA passes it certificate of test is released and then closing stock is ascertained. DISPATCH: For dispatch of goods following planning is done: * Advance dispatch plan * Container requirement. * Container Fumigation (Methyl bromide). * Loading . . . . . . . . LOGISTICS IN USHA MARTIN LIMITED The major elements of market logistics in UML are: * Order Processing * Ware Housing * Inventory * Transportation * Information Monitoring * GPS (Global Positioning System) . The Transportation System Introducti on The transportation system is the physical link connecting a company customers, raw materials suppliers , pants ,warehouses and channel members the fixed point in a logistics supply chain.The fixed points in the logistic system are where some activity temporarily halts the flow of goods in the logistics pipeline. The Role of Transportation In Logistics. Bridge over buyer-seller gap: Conceptually, a company’s logistics supply chain is a series of fixed points where the goods come to rest and transportation links. The transportation link permits good to flow between the various fixed points and bridges the buyer-seller gap. Value added: Transportation is the physical thread connecting the company’s geographically dispersed operation.More specifically, transportation added value to the company by creating time and place utility; the value added is the physical movement of goods to the place desired and at the time desired. Global impact: As supply chain becomes increasi ngly in our global economy, the transportation function is connecting buyers and sellers that may be tens of thousands of miles apart. The Transportation Selection Decision The carrier selection decision is a specialized purchasing process whereby a film purchases the service a carrier to provide the necessary link among logistics facilities.It must also consider the other costs associated with how the transport method’s services affected the facility operation. The transit time, the greater the inventory level the company requires to protect against stock outs until the next shipment arrives. Modal choice: Carrier selection is a twofold process. First the firm selects a transportation mode. The choice includes the basic mode of rail, water, trucks, air, and pipeline. In addition, intermodal transportation, which used two or more modes to provide services over a given traffic lane, is available.The most common forms of intermodal transportation include rail-truck (piggyback), truck – air and rail water. Specific carrier choice: the second step in the decision is to select a specific carrier from within the chosen mode or intermodal form. The specific carrier selection requires the firm to choose the legal carrier type: common, regulated, contract, exempt or private. , . MODE OF LOGOSTICS DEPARTMENTS Intermodal Transportation Intermodal transport services refer to the use of two or more carriers of different modes in the through movement of a shipment. PiggybackPiggyback is a specialized from in which rail and motor transport coordinate. In piggyback, the carrier places the motor carrier trailer on a rail flatcar, which moves the trailer by rail for long distance. A motor carrier combines the long- haul, low-cost advantage of rail with the accessibility of motor. Rail Truck Pipeline Water Air . . . TRANSPORTATION IN USHA MARTIN LIMITED The process adopted in UML for transportation under logistics are :- 1. ) Basic Mode Roadways 2. ) Specific type a) By Truck b) By trailer ) By container Specific Type Trailer Container Truck Mainly for Export 10 Wheeler 6 Wheeler Wheeler Diff. trailer with diff. capacity 30 ton 15 ton Open top Close on Fig- Flow chart of specific type of transportation TRANSPORTATION DEPARTMENT: UML is delivering the outgoing finished goods to the domestic customer through roadways and railways. Roadways cover the maximum delivery to the customers. But for the international customers UML is sending the finished goods through waterways (i. e. shipping). As we know that the water is the one of the cheapest means of transportation.Some times UML is meeting the customer’s need through airways, (the cost is to be paid by customers) when there is a quick delivery needed. Fig. Overall Process of Transportation In Usha Martin Limited (From sales Department) Process involve in Loading Cycle 1. ) Main gate security :- The truck / trailer reports to the main gate. The security officer inspects the vehicle no. , t ransport name, driver’s name and license no. the owner book and in time of the trucks. 2. ) Weigh bridge :- Here trucks are weighted before loading the material and a slip is given to the driver of tare weight. 3. Transporter reports to the sales officer :- The transporter reports to the department after the arrival of trucks inside the factory premises so as to prepare the loading advice. 4. ) Trucks reports to dispatch area :- After reporting to the main gate security and weight- machine the truck reports to the dispatch area to inform the department of its arrival. 5. ) Sales release the loading advice :- Soon after the transport reports, the department releases the loading advice so that the loading process starts. 6. ) Trucks are loaded as per the loading advice :- The dispatch section segregated material as per loading advice memo.The materials are loaded in such a way that the packing does not damaged during loading and in transit. 7. ) Loaded truck reports to weight b ridge :- After loading the trucks again reports to the weight machine. Here again a ship of grand weight and net weight is given to the driver. 8. ) Sales releases the dispatch documents :- The sale department releases the dispatch documents that consist of transporter note or receipt, excise / custom gate pass, packing list, certification of test, road permit that are attached to the invoice before handling over the documents to the transporter 9. ) Main gate security :-The second interactions clears or checks the party name and address, material description, quantity, invoice of the loaded truck and keep record of out time the loaded trucks. Fig. Flow of Transportation within Factory Premises (For Finished Goods) Distribution Network of UML, Ranchi EXPORTS IN INTERNATIONAL MARKETS BY UML Works Usha Martin Limited Ranchi Kolkata PortHaldia Port Mumbai Port Usha Martin, AmericaUsha Martin, Scandinavia Mid East Countries Usha Martin, Europe, UKUMLCOR, Africa To Different Customer Fig . Process of Export rope dispatch used by Usha Martin Limited (By sales Department)ANALYSIS AND INTERPRETATION USHA MARTIN INDUSTRIES assess the logistic function, which help the raw material which is purchased and then it is planned accordingly for the production and when the production is finished good is kept in the stock godown from there it is despatched according to the demand of the customer through the efficient distribution channels to the destination or warehouse accordingly. From Purchase Department:- Purchase department deals with the purchase of raw materials like wire rod and lubricants (from Jamshedpur), chemicals from (Mumbai) like, HCL Borax, etc.Propane gas (from GILO, Zinc lead (from Kolkata. ) In this department relevant information are incorporated in the purchase orders so that product supplied by the sub-contractors, meet desired quality requirements. The product is reviewed and approved by management representative and issued by head of quality system. The re sponsibility of implementing and maintaining the procedural steps of this procedure rests with in charge of purchase department. From planning Department:- Planning Department deals with the allocation of work according to product Planning Department review the purchase order.After receiving it becomes the sales order. It includes all the necessary details regarding product and also the address of the consignee. On the basis of this a W. P. S. (Work Plan Schedule) is prepared Plan horizon of UML is 15 days W. P. S. includes schedule of each and every day. That is from the day despatching of the product. Something advance planning is made for the products, which are always in, demands (for e. g. fishing rope). From production department:- The main manufacturing plants that U. M. I. contains are wire, strand and rope. Its wires and ropes are used for various purposes. For e. . fishing rope, engineering ropes etc. U. M. I. is specialists of L. C. W. R. ropes, which is mainly used, in m ining industries U. M. I. ropes have to go through a tensile strength test before DESPATCHING. Research Topic Before we start our research, it is necessary to have at least some idea of what to do? This is probably the most difficult and yet the most important component of the research project. Without being clear about what we are going to research it is difficult to plan how to research? Therefore formulating and clarifying the research topic is the starting point of any research project.Taking into account the above matter, the research topic is formulated as such: â€Å"SALES PROCEDURES & LOGOSTICS† Research Objective The research may begin with a general focus as a base from which to right a set of research objective. Objective is more generally acceptable as evidence of the researcher’s clear sense of purpose and direction. A research objective requires more rigorous thinking which derives from the use of more formal language. Therefore the broad objective of the study is : * To analyses the dispatch of wire & rope. * Control of loading cycle time. To obtain the required knowledge of the subject. * To study the existing Sales procedures & Logistics of UML. * To find out the related problem in its system and recommend solution as per the findings. * To analyse the working & function of the sales dept. or systems to know how well the manpower is utilized. * To study the distribution network. * To find out the lacunae in the functioning of the logistic department. * To find out whether the present distribution network need some changes. * To study the consumer's behaviour ; to find out which area needs improvement. To suggest corrective measures to tighten the loose threads in the area of study Sub-objective: These would be related to Sales Procedure and Logistics which contains the study of transportation. It would reveal: * Whether the sales procedure and Logistics are properly followed by UML or not. * If not, then where the improvement is required. * Is the existing system sufficient with some modifications and improvement or does it need’s to be changed to do the products well in the market and to increase the sales volume. Altogether the hypothesis / sub-objectives developed are: To analyze the performance of the approved transporter. * To reduce the loading cycle time. * To find out the fluctuation of transportation rates. * To find out the time in documentation while releasing the loaded truck. * To upgrade the existing system concerning flow of material related to the transportation. * To analyze the activity of dispatch section insuring loading and dispatch of correct material so that these are delivered at customer’s end in good condition. Research design: A research design is simply a frame work or plan for a study that guides the collection and analysis of data.It is a blue print that is followed in completing study the main purpose of the study is to maintain flexibility and to discover ideas and insights not previously recognized therefore the study has been conducted in two phases. * Exploratory study * Conclusive study Exploratory study: This research is often conducted because the problem has not been clearly defined as yet. It allows the researcher to familiarize himself with the problem or concept to be studied. It helps to determine the best research design, data collection method and selection of subjects.It has been aimed to study the basic know how about the Usha Martine Ltd. This has been done through making an introductory visit to all the functioning department of the company specially the sales co-ordination department. Conclusive study: This research is meant to provide information that is useful in reaching conclusions or decision making. The research relies on both the secondary data and the primary data. It has been conducted through interacting with various people of sales co-ordination, expertise, interviews, observations, data collection, office reco rd, questionnaires etc.Information Requirement In a broader sense we can say that the two types of data available to a research are Primary data and Secondary data. Primary data are generated when a particular problem at hand is investigated by the researcher employing mail, questionnaire, telephone surveys, personal interview, observation, experiment. The primary data which were required for the research and to get the information, done through the help of survey. The survey thus conducted, applying the various tools, to get the information . These are done though I. Observation.II. Questionnaire. III. Interview. The process by which the trucks are loaded and in accordance the data which were collected, is done through the help of observation, questionnaire, and personal interview let the researcher to know about the loading cycle time, fluctuation in transportation rate, loading and dispatch of correct material, documentation process, transporter view , employee ideas etc. Seconda ry data includes those data which are collected for some earlier research work and are applicable in the study, the researcher has presently undertaken.Secondary data include both quantitative and qualitative data, and they can be used in both exploratory research and conclusive research . There are variety of classification for secondary data. It may be documentary data, survey based data and those compiled from multiple sources. Documentary secondary data include written document of the organization. These records or the document include:- 1. Operating procedure of sales coordination department that are: a) Dispatch of wire. b) Packing of wire. c) Marking of wire. d) Dispatch of rope. e) Packing of rope or reel for Domestic / Export ) Packing of rope in coil for Domestic / Export. g) Calculation of the sub Contractor / Transporter performance rating. h) Approval of transporter. i) Handling storage and disposal of customer returned material. 2. Monthly dispatch figure of finished p roduct. 3. Daily dispatch figure of each product. 4. Organization websites. 5. Reports of committees. 6. Annual reports of the company. 7. Book. 8. Internet. 9. Domestic wise transportation rate per metric ton. 10. Dispatch documents consisting Invoice, Rough challan, Transporter consignment note, Guarantee certificate, Certificate for test, Road permit etc. 1. Placement and dispatch of containers and trucks. Sampling Generally when field studies are undertaken in practical life , consideration of time and cost need to a selection for the researcher and that is selection of few items. Sample Technique The items which are selected is called sample and the process which involves in selecting the sample is called sample technique. In this research, technique which is used for the collection of data is judgmental sampling. Before starting rational judgment is taken and the sample should be the representative of the entire transportation under logistics. Sample SizeThis refers to the no. of items to be selected. It should be neither excessively large nor too small, it should be optimum. The optimum sample is one which fulfills the requirement of efficiency, representatives, reliability and flexibility. The samples which are selected for the information collection are:- a) Monthly dispatch figure of last three years. b) Times taken by each truck for loading and also for the container were in number of five. c) Single truck / container each day for 5 days. d) Destination wise rates of transport for last three years. e) Performance rating of last quarter, ending of financial year 07 .Limitations The primary limitation of the project was the duration of one months that was set to complete the assignment. Lost of data had to be collected and analyzed for collecting the data regarding transportation. Many existing transporter could not interviewed. The secondary limitation was regarding to the secondary data collected from the internal sources of the company about the ap proved transporters, their products, loading cycle etc. because there was huge work pressure on managers as well as on supervisor Self visiting was not allowed by the company for collecting data.The company guide does have less time to spend with us because of busy schedule of sales-coordination department. Chart of time taken by each truck Findings From the entire study on total loading cycle time, it is observed that the total time taken by the trailer (including taking the empty container) and truck exceed the normal time frame. The normal time taken is more than 5 to 6 hrs. this variation ranges from 5 hrs to 22 hrs. There are more areas that have taken in to consideration which create delay in delivery.These are as follows:- * Late dispatch of documents led to late delivery of loaded trucks. The dispatch documents generally release after 4’o clock in the second half of the day and therefore even the trucks are fully loaded it waits for the document to get, before living the factory. * As per late preparation of’ certificate of test ‘by Quality assurance department the entire documentation process moves slow ; make delay. * The sample size taken to calculate the total loading cycle time of fine trucks / container shows that not a single vehicle is loaded , within a time period of five to six hrs. Delay in arrival or in time placement of trucks or trailers. * The way which involves the loading cycle is so complicated that even the transporter wants to arrive quickly, it takes enough time. * The trucks generally wait in queues because the trucks which have arrived earlier are there for loading the material / goods at loading point. * As soon as the truck reports to the factory the two way process starts, the one by the transporter and the other by truck driver. Transporter reports to the sales office and the truck to security then weigh bridge and so on. UML uses only a single mode of transportation and that is the road ways. * Trucks are loaded as per loading advice memo. Time varies in loading different types of material. For domestic supply the loading of material takes less time but for the export it takes enough time. Time also varies in loading the material which generally are product wise, size wise, and order wise. * On few occasion printing and painting of reels is done after placement of lorry. The loading cycle time in the whole process is greater and it is a lengthy procedure this time needs to be reduced.Suggestion / Recommendation While undergoing the study various flaws regarding documentation process, loading point, dispatch area, transportation was observed. During this period of our study various pit falls and problems in existing system we found ,so to provide UML a better future various options has been chalked out . * As per our analysis loading cycle time can be reduced by on-line system entry. As the truck reports the truck no. , transporter name etc. must be entered into the system by the sec urity officer. The information provided is uploaded by sales dept.The sales dept. then makes the loading advice memo entry in system accordingly and the dispatch dept. generates this loading memo and starts further process. * There should be a foolproof system of controlling, approving the placement of vehicles by logistics section to work under a committee comprising of 2/3 persons with empowerment to take decision. * Road permit, certificate of test ; other papers concerned with transportation should be arranged well in advance so as to avoid any type of delay in dispatching which might also avoid any type of delay in delivery. Painting ; printing of the reels should be done well in advance before the placement of lorry. Also material should be traced well in advance. * There should be some substitute for the weigh bridge in charge in case if he goes for lunch ; other miscellaneous activities. * There should be a provision to develop more loading points at each dispatch sections o f wire ; ropes , so as the trucks should not wait much to come to its turn for loading. Product wise, size wise, order wise, time varies for loading of different material , therefore there should be more loading point to tackle or overcome such difficulties. There should be a change in layout of loading cycle which creates some problem for heavy vehicle to weigh. This arrangement should be made easy and straight so that the process involved take less time. For example the weigh bridge should be placed near gate no. 3 which surely reduces the time in this period i. e. loading cycle period. * This entire process reduces the loading cycle time upto great extend and the work can be done effectively ; efficiently. Analysis of Monthly Despatch of Wire ; Rope 2007-10 (Quantity in MT) Month| 2009-10| 2008-09| 2007-08|April| 8150| 7750| 7533| May| 9369| 11295| 8279| June| 11399| 10686| 11960| July| 10474| 10679| 9342| Aug| 11614| 11547| 8667| Sep| 12955| 11827| 12326| Oct| 10148| 9818| 7595| Nov| 11197| 10889| 9070| Dec| 13721| 9266| 12366| Jan| 11189| 7467| 9026| Feb| 11133| 9070| 8380| Mar| 15643| 12019| 13344| Total| 136986| 122313| 117888| Monthly despatch figure from 2007-08 to 2009–10 Sale in Domestic Market for Year 2009-10 Month| Quantity(In MT)| April| 5870| May| 5988| June| 7157| July| 6948| August| 7240| September| 7698| October| 7224| November| 7369|December| 9533| January| 7814| February| 8083| March| 11451| Total| 92375 | Sales in Domestic market 2009-10 Sale in Domestic Market for Year 2009-10 Month| Quantity(In MT)| April| 5870| May| 5988| June| 7157| July| 6948| August| 7240| September| 7698| October| 7224| November| 7369| December| 9533| January| 7814| February| 8083| March| 11451| Total| 92375 | Sales in Domestic market 2009-10 Sale in Export Market for Year 2009-10 Month| Quantity(In MT)| April| 2280| May| 3380| June| 4241| July| 3525| August| 4374| September| 5257| October| 2924|November| 3827| December| 4187| January| 3374| February| 3050| March| 4192| Total| 44611| Sales in Export market 2009-10 SALES PERFORMANCE IN THE YEAR 2009-10 Fig. Sales Performance in the financial year 2009-10 Fig. Sales Performance in the financial year 2009-10 (in MT) SWOT ANALYSIS OF USHA MARTIN LIMITED STRENGTH: * Usha Martin Limited has a good brand image. * Usha Martin Limited produces good quality product. * Usha Martin Limited is one of the few producers in the world and in India as well which produces few specialty products like wire and wire rope. Usha Martin Limited has a good financial position. * Usha Martin Limited has a wide range of product. * It has big customer like Coal India, SAIL, TISCO, HEC, ONGC, ACC, CCL, BHEL, L;T etc. * Usha Martin Limited has a strong export market. * Usha Martin Limited has implemented TPM (Total Productive Management) and ERP (Enterprise Resource Planning) in 2000-01 with the objective of increasing productivity, raising quality, and reducing costs. * In the Wire Rope division, the company entered Australia and South East Asia * The company acquired Brunt Shaw Ltd. a leading U. K. Wire Rope manufacturer, to source logically – advanced Ropes and access European Market. * Usha Martin Limited has a sound workforce infrastructure. * It has sound commercially viable infrastructure. * Usha Martin Limited has a prompt good Management Information System. * Usha Martin Limited performs many welfare activities for their employee by providing them medical facilities, bus facilities, and other welfare like canteen facility, vehicle advance and medical advance. * Usha Martin Limited has the second position in the world in producing specialty products. Usha Martin Limited has got a good market share of its product range in domestic market. WEAKNESS: * Usha Martin Limited. Products are available at higher price. * It has lack of warehouse and distribution centres. * Its machines and tools have become old and obsolete. * Lack of morale has been seen among the employee of the UML. OPP ORTUNITY: * It can increase its sales by reducing the cost, so that it can sell its product at lesser price. * It can upgrade its position if it makes alliances or merges with small rivals, which are doing well at different zones of the country. Usha Martin Limited can increase its profit if it gives more emphasis on direct marketing with the customer. * Usha Martin Limited should look for areas, where there is no supplies at all * Usha Martin Limited should market its products and services on a broader horizon. * Usha Martin Lmited should forge into those product ranges, which is feasible for its diversification. * Usha Martin Limited should seek for new market globally, where things are favourable for it. THREATS: * Small rivals are emerging at different parts of the country. *Low prices of the rival's product are a great threat for the Usha Martin Limited * Timely deliveries of the product by the competitors are putting more threat to the Usha Martin Limited. * Government always changes its policies & it brings a great threat to this organization. * Due to excess bundhs and chakka jams organised by the political parties and naxlites it is a big threats for this organisation. * Bad roadways of Jharkhand state results in late delivery of raw material and finished product and availability of raw materials at the right time. CONCLUSIONEvery organization stands on some pillars. These pillars are Finance, Marketing, operations and Human resources. To maintain the current position in the respective industry the organization has to be competent in all these areas. In case of UML, it is currently leader in the domestic market and no. two position in global market of wire rope industry. To maintain its current position at all the front as discussed above. After studying the sales procedure and systems of UML, it has been found that certain procedures are lengthy which can be reduced for effective functioning of the organization.And certain Jobs need to be off-loaded so that the manpower is utilized efficiently. It helps in coordination and functioning of the organization effectively, thus enhancing the productivity & profitability of the company. (1) Web sites concerned ———–(a). www. ushamartin. com (b). www. wirerope . com (c). www. google. com (2). Company Journal ———– (a)Annual report of UML (b)Office document (c) Usha News (3). Books Research Methods for Business Student —— Philip kotler

buy custom Bone, Muscle Mental Health essay

buy custom Bone, Muscle Mental Health essay Bones, muscles, and joints hold together our body and effectively support the body movement. They all together form musculoskeletal system which is a locomotor system for the body. Healthy bones and muscle are important for everyone and this can only be achieved through proper exercise and having balanced diet. Nutrition is the driving engine for healthy body functions. The adult skeleton is made up to 206 bones and 600 different types of muscles. All these play a role in coordinating the body movement. For an individual to have strong body bones, sufficient exercise and good diet is necessary. To maintain healthy body, a good balanced diet and exercise is important. Good nutrition and a well balanced diet involves taking different kinds of healthy foods that keeps the body to work very well and is able to prevent opportunistic diseases. The diet also helps the body to get enough energy which is also drawn from exercise. Exercise is beneficial for our body since it promotes healthy heart function, good mental processes. It also helps in both bone and muscle development which in turn can help in changing mood thus eliminating stress and depression. When an individual is stress free, there is high level of concentration which helps to improve performance. Exercise also keeps the mind alert, cerate strong bones, and relieves stress. This enables a person to be very happy. There close relation of diet, stress reduction and exercise. In a way, one option leads to the other and consequently all shall be affected. Finally, it is important to note that mental health, bones and muscles are interrelated in their functions. For instance, strong bones mean a strong muscle and reasonably there will be a good mental health. Buy custom Bone, Muscle & Mental Health essay

How to Write a Sociology Essay Ultimate Guide

How to Write a Sociology Essay Ultimate Guide Looking for advice on how to write a good sociology essay? Sociology is a science that systematically studies human society. Sociologists try to understand and explain the interaction of social groups and individuals. When writing sociology papers, you have to provide an effective sociological argument that balances structural constraints and individual agency. Actually, your task is to provide a strong sociological argument and make it as clear as possible in stating your thesis. Sociology essay writing can be a daunting task if you are a beginner in sociology and can’t boast of strong writing skills. But there is no need to feel frustrated about that. Writing skills can be learned if you work hard and practice a lot. Here is an easy guide to writing an impressive sociology essay where you can find all the essential information on all aspects of the writing and editing process. Keep reading to learn the secrets of writing on sociology topics. What Is a Sociology Essay? Sociology essay is a common assignment for students who take classes in sociology. This type of assignment is typically based on library research but it can also be based on empirical content. When writing a sociology essay, you have to provide an answer to a research question and argue convincingly for your answer to the assignment question that is called the assignment’s assertion. All assignments in sociology are argumentative and you have to convince your readers that your assertion is correct and to present the necessary information to support your argument in a specific order. That means that you have to structure your sociology essay in a specific way. All sociology essays typically consist of the introduction, body paragraphs, and a conclusion. If the topic for your essay was given by your instructor, you have to follow the directions provided in your assignment. You may be asked to write different types of essays for your sociology class. You can be assigned to: summarize a certain text; compare and contrast two texts; explain or interpret a passage; apply a theory; critique or evaluate an argument or a theory. How to Tackle Different Types of Sociology Essays: Quick Tips from Our Experts When you need to summarize a sociology text, you actually have to provide a brief overview of the piece of writing. You need to determine the most important points of the argument in a certain text and present them in the best possible way. It’s essential to include in your summary concrete key points and examples. When analyzing a quote or interpreting a passage, you have to keep a balance between explaining the given text and linking it to the text of the entire work. Remember that there different ways of being right when interpreting a passage. You need to identify the central argument and determine how it fits into the overall argument. When writing a compare and contrast sociology essay, you have to explore differences and similar features in two texts. You need to explain the argument and the evidence of two different texts. You should show that you understand both texts and are able to determine their similarities and differences. You need to create a strong thesis statement that unites the discussion of the texts. You can discuss whether one argument is more convincing than the other. Besides, you can speak about the strong points and weaknesses of both texts. You can organize your essays around the main points of comparison or around the theories of the authors. When your assignment is to evaluate arguments or theories, you have to demonstrate your critical thinking skills and your ability to think independently. When completing this type of assignment, you can use different strategies, for example, determine the weaknesses and strengths of the argument, find some important points in the text, and anticipate the counter-argument. If your assignment is to apply a theory, you need to find analytical concepts in your readings and apply them to interpreting some phenomenon you have observed. You can be assigned to conduct some research or analyze a single magazine article, movie, book, event, website or TV show. For example, you may be asked to analyze a film Office Space using the theory of bureaucracy by Weber. How to Choose Powerful Sociology Essay Topics If your professor hasn’t assigned a specific topic for your sociology essay, you have to choose a good topic yourself. You should choose your topic as early as possible to ensure that you will have enough time for writing it. Besides, you should think critically when choosing your topic and keep in mind that the success of your sociology essay will depend on a good sociological question. When selecting a topic for your essay, you can use different approaches: You can choose a topic you are interested in; You can write about a phenomenon or a concept that is not familiar to you and challenge yourself; You can pick a broad topic and narrow it to focus on some small issue and dig deeply for new ideas. Lack interesting ideas for sociology essay topics? Feel free to use some form our short list. The Culture of Poverty What is the Impact of the Technological Progress on the People’s Health? Benefits of Real Friendship Moral Norms and Deviations What are the Long-term Effects of Child Abuse? How Do Divorces Affect Children? Superstitions in Japan Key Features of Mayan Culture Food Traditions in Rich and Poor Areas Anti-vaccination Movement History of Suffragettes Civil Rights Movement How Are Women and Men Treated Differently in Media? What Are the Messages Promoted by the Contemporary Music? Common Attitudes Toward GMOs What Caused the Rise of the Organic Farming? Importance of Food Education Social Networking in Modern Society Nationality and Pride Effects of Racial Stereotypes How to Make an Outline for Your Sociology Essay When writing your sociology essay, you should use complex, sophisticated, and creative ways to structure your key ideas. Creating an outline, you’ll be able to find out if your key points connect to each other or if there are gaps in your thinking. It will help you stay focused and organized and ensure that your sociology essay is coherent. Before you start creating an outline, you need to determine the purpose of your essay and your audience and formulate your thesis statement/research question. You can use 2 approaches when creating an outline for your sociology essay: the sentence outline that is made of full sentences; the topic outline that is made of short phrases. When making a basic outline, you should follow certain steps: Determine the research problem; Determine the key categories; Make the first category; Determine subcategories. Keep in mind that there are no rules that determine which approach is the best so you can use either the sentence outline or the topic outline. Of course, you should be consistent and stick to a certain approach. You can also arrange the key points of your outline in the chronological order. Work on the Essay Structure You should outline a detailed structure of what you plan to include in your sociology essay. You’d better start with the main sections and experiment with different sequences filling every section with the necessary information. You can outline your argument in an abbreviated form to get an idea of if it is logical and identify possible gaps in it. You can add necessary information where it is suitable. When you start writing your sociology essay, this structure can serve as headings for different sections of your essay. Make sure your headings are brief and clearly state the key ideas of every section. If you do it this way, you will be able to work on your essay writing any section in the middle of your essay without having finished the previous ones. That will make the writing process easier. Write a Draft Start writing your sociology essay early so you will have enough time for completing it on time. The writing process is time-consuming and requires hard work. Keep in mind that no one can write a strong essay from the beginning to the end without revising, rewriting, adding, deleting or moving different parts of the content. Start with an Introduction In this part, you have to present your research question/thesis statement and demonstrate that it will be interesting to find the answer. You have to explain the significance of your topic and outline the key points of your argument to help your readers follow your logic. You can also provide a hint on your assertion, saying something like †I will argue that†¦Ã¢â‚¬ . During the writing process, you should stay focused on your assertion, even if you change it as the work progresses. Here is a recipe for an introduction to your sociology essay: the research question/thesis statement; the key reasons why the topic is important; major points; an assertion and answer to your research question. Provide the Background Information To help your readers follow your essay and ensure that they will be able to assess your argument, you need to provide them with some basic information that introduces your topic, describes the key problems, and briefly explains theories, concepts, and empirical findings. You should include here any relevant information for your research question and your assertion. You can also give an account of the previous research on your topic and explain why it is important for your research question. For example, if your assignment is to make an investigation about the reasons of unemployment of people with criminal records, you have to provide information from the previous research that proves that former prison inmates face difficulties when searching for jobs. Discuss Your Research Question In this part, you have to offer the line of argumentation. There is no need to be dogmatic. You can just state that there isn’t an unambiguous answer to your research question. For instance, you can provide an argument for the assertion that we can’t fully determine the reasons why women earn less than men. If you are assessing two theories that explain a social phenomenon, you should discuss the strengths and weaknesses of every theory, addressing different elements of the social phenomenon. You should make clear points that support your argument in different ways. To make your sociology essay orderly and easy-to-read, you should devote every new paragraph to a new point. You should start each paragraph with a topic sentence and then provide supporting arguments and relevant evidence. Take into account all possible relevant objections and treat them seriously. Be creative to anticipate how your future readers may critically assess your argument. You need to provide clear answers and prove that those objections are irrelevant. Write a Conclusion In this part of your sociology essay, you should emphasize your findings and state once more why they are significant. You can restate your assertion more confidently because you have already shown your audience why it’s the most correct and the most reasonable answer to your research question. You can also give some recommendations and provide suggestions for further research. This part shouldn’t include any new information – you should make it as brief as possible. Revise Your Sociology Essay Be ready to write more than one draft of your essay. First drafts are full of confusions, errors, omissions, and bad writing. If you want to make your essay perfect, you will need to revise it and rewrite it in whole or in part several times. When revising your essay, you will be able to expand your argument, improve your analysis, and make links between your arguments. You can add some information, make changes in the content, move your parts or delete them, rework sentences and paragraphs. A good idea is to ask someone to read your sociology essay to point out mistakes and suggest improvements. You can ask your family member or a roommate to do that. When your final draft is ready, you need to proofread it and eliminate minor grammar, spelling, and punctuation mistakes and typos. You should aim for the economy of the language and the precision. Proofreading your sociology essay will be easier if you read it aloud. Remember that a revision takes time so don’t put it off till the last day before your deadline.

How Napoleon Became Emperor of France

How Napoleon Became Emperor of France Napoleon Bonaparte first took political power in France through a coup against the old government, but he had not instigated it: that had principally been the plotting of Sieyes. What Napoleon did was to capitalize on the situation in order to dominate the new ruling Consulate and gain control of France by creating a constitution which bound his interests to many of the most powerful people in France: the landowners. He was then able to use this to leverage his support into being declared Emperor. The passage of a leading general through the end of a revolutionary series of governments and into an emperor was not clear and could have failed, but Napoleon showed as much skill in this area of politics as he did on the battlefield. Why the Landowners Supported Napoleon The revolution had stripped the land and wealth from the churches and much of the aristocracy and sold it to landowners who were now terrified that royalists, or some sort of comprise government, would strip them of it, in turn, and restore it. There were calls for the return of the crown (small at this point, but present), and a new monarch would surely rebuild the church and aristocracy. Napoleon thus created a constitution which gave many of these landowners power, and as he said they should retain the land (and allowed them to block any movement of land), ensured that they would, in turn, support him as leader of France. Why Landowners Wanted an Emperor However, the constitution only made Napoleon First Consul for ten years, and people began to fear what would happen when Napoleon left. This allowed him to secure the nomination of the consulship for life in 1802: if Napoleon didn’t have to be replaced after a decade, land was safe for longer. Napoleon also used this period to pack more of his men into government while debasing the other structures, further increasing his support. The result was, by 1804, a ruling class which was loyal to Napoleon, but now worrying what would happen on his death, a situation exacerbated by an assassination attempt and their First Consul’s habit of leading armies (hed already nearly been killed in battle and would later wish he had been). The expelled French monarchy was still waiting outside the nation, threatening to return all ‘stolen’ property: could they ever come back, such as had happened in England? The result, enflamed by Napoleon’s propaganda and his family, was the idea that Napoleon’s government must be made hereditary so hopefully, on Napoleon’s death, an heir who thought like his father would inherit and safeguard land. Emperor of France Consequently, on May 18th, 1804, the Senate – who had all been chosen by Napoleon - passed a law making him Emperor of the French (he had rejected king as both too close to the old royal government and not ambitious enough) and his family was made hereditary heirs. A plebiscite was held, worded so that if Napoleon had no children – as he hadn’t at that point – either another Bonaparte would be selected or he could adopt an heir. The result of the vote looked convincing on paper (3.5 million for, 2500 against), but it had been massaged at all levels, such as automatically casting yes votes for everyone in the military. On December 2, 1804, the Pope was present as Napoleon was crowned: as agreed beforehand, he placed the crown on his own head. Over the next few years, the Senate and Napoleon’s Council of State dominated the government of France – which in effect meant just Napoleon – and the other bodies withered away. Although the constitution didn’t require Napoleon to have a son, he wanted one, and so divorced his first wife and married Marie-Louise of Austria. They swiftly had a son: Napoleon II, King of Rome. He would never rule France, as his father would be defeated in 1814 and 1815, and the monarchy would return but he would be forced to compromise.

Strategic management (Visionmission Statment) Essay

Strategic management (Visionmission Statment) - Essay Example "A mission statement has long been argued to lead to better performance by aiding strategy formulation and implementation. Empirical evidence to support this argument is however lacking in the literature. This has led to a considerable waning of managerial confidence in mission statements in recent years" (Sidhu 2003). Mission statements are exactly what they sound like: missions that tell what a company is doing. When companies carefully define what they are doing and how they are going to get there, they simply perform better than other companies that compete within their industry. Also essential to success is the development of a company's vision statement, upon which the company's mission statement is based. The vision simply entails what a company wishes to become in the future. An example of a vision could include a new online dollar store wishing to take over a certain percentage of the market share in its industry (Heathfield 2007). According to Heathfield, "A vision is a statement about what your organization wants to become. It should resonate with all members of the organization and help them feel proud, excited, and part of something much bigger than themselves. A vision should stretch the organization's capabilities and image of itself. It gives shape and direction to the organization's future. Visions range in length from a couple of words to several pages. I recommend shorter vision statements because people will tend to remember their shorter organizational vision" (2007). Heathfield offers two examples of vision statements in her article on the topic. The first one is from Westin Hotels and states, "Year after year, Westin and its people will be regarded as the best and most sought after hotel and resort management group in North America." The second is from the HR Association of Greater Detroit and States, "To be recognized and respected as one of the premier associations of HR Professionals" (2007). The Piercy and Morgan Models According to Piercy and Morgan, all mission statements should reflect four key concepts. The first is organizational philosophy and refers to what a company's management desires the company to accomplish and represent. The second is product market domain, which details where and how the company will operate. The third is organizational key values, which define the behavior and skills of company employees and representatives. The last is critical success factors, which define what strengths a company must possess in order to be successful in their particular industry (Piercy and Morgan 1994). Using the aforementioned concepts, Piercy and Morgan developed four models that assist in formulation of a company's mission statement. Each of these models has its own advantages and disadvantages. The different types of mission statements that they defined were global mission, organizational mission, market mission, and no mission (Piercy and Morgan 1994). Each type of mission statement is different in at least one key way. Global missions take both internal and external factors into mind and is all-encompassing of the concepts on which the four models are based. "An organizational mission' is one that emphasizes internal values only, such as organizational beliefs and philosophy. A 'market mission' is one which focuses on the definition of the market and critical success factors in the market place. A statement that does not define internal

General Electric fianancial accounting analysis Research Paper

General Electric fianancial accounting analysis - Research Paper Example Section II: Financial Statements and Financial Ratios As a decision maker, we need to know about the company's financial strength when we have to make any investment in the company, or we have to know how the company is faring in terms of liquidity or how the company can reward to its shareholders or for that matter how the company is currently performing compared to the previous years. One can make a good estimate for any firm by studying their financial statements, financial ratios and when they are compared with industry averages, it can give a good understanding where the company stands in the marketplace. For any company we can study following financial statements which can give us most of the information necessary to make our decisions whether that pertains to investment, employment or as a supplier to safeguard our receivables etc. 1. Profit and Loss or Income Statement 2. Cash Flow Statement 3. Balance Sheet Profit and Loss Statement gives us the information how the company f ared during the given financial year. When compared with previous years’ profit and loss figure, we can quickly find whether the company has made any progress or not. If the company is going downside then that also can be found from the income statement. When these figures are compared with the industry average, it can be found how the company is doing against its competitors. Cash Flow Statement is a measure of company’s liquidity strength. It may be that the company is showing profit in their income statement but still its cash flow may be not healthy or even sometimes negative. Obviously, such companies will have difficulty in paying back its debt when due. Cash flow rich companies reward its shareholders liberally and increasing dividend declared is a sign of the good cash flow generated by the company. Balance Sheet is an indication of the company’s status at given point. Usually, it shows its financial status at the end of the financial year. This financia l statement displays a cumulative strength of the company year after year. All the accumulated reserve from so many years of operation can be seen through this statement. We can come to the conclusion quickly by finding or knowing the financial ratios depending upon what kind of the decisions we want to take regarding the company. It would be worthwhile to look into some of the financial data and the ratios of the General Electric Co. Important Financial Ratios (Based on latest balance sheet for the year ended 12/31/2010) Asset Turnover is a good measure of the utilization of company’s assets in making the sales in a competitive market. It is an indication of how efficiently resources are made use of. Asset Turnover = Sales/Average Total Assets (Drake, Pamela) = 150,211/751,216 =0.20% This does not augur well with GE, when compared with the industry average as it comes to first 20th percentile. (GE, Financials) Similarly, when GE's profitability ratios are calculated, they ar e found to be as follows. Return on Assets= 1.28% On comparing with industry average,

Can parents who abuse drugs and alcohol be good enough parents Essay

Can parents who abuse drugs and alcohol be good enough parents - Essay Example In 2006, a study revealed that about 5% of all adults in the UK are alcohol-dependent with one out of 24 parents drinking heavily; these figures put about one million children living with alcoholic parents (In the news, 2006). The Institute of Alcohol Studies (2009) also revealed in their latest statistics that 22.1% of children in the UK are living with alcoholic parents; and about 8% of children in the UK are living with parents who are drug abusers. Moreover, 3.6% of children live with parents who are both alcohol and drug abusers (Institute of Alcohol Studies, 2009). In other words, these children are put at risk of being exposed to neglectful and abusive parents. Alcohol abuse and substance abuse potentially affect entire families and these are also habits which, if not stopped, are often passed on from generation to generation (In the News, 2006). With the above considerations, this paper shall now answer the question: can parents who abuse drugs and alcohol be good enough pare nts? This discussion shall use relevant literature, theoretical frameworks and research findings in order to come up with a thorough and critical understanding of the subject matter. Various studies and researches shall be evaluated in relation to this subject matter, analysing them for validity and credibility. Drugs and alcohol have different effects on different people. Shaw points out succinctly that â€Å"the good and bad effects of alcohol lie in complex psychological and sociological continua...Concepts of use and abuse have therefore been open to equally wide interpretations† (Shaw, 1978, p. 41). The effects of drugs and alcohol largely depend on a person’s physiology and sociology. Indeed, the adage, â€Å"being able to handle one’s drink† is appropriate in determining the effect of alcohol on a person. Some people may be able to handle their drink well, and others, not at all. Nevertheless,

Project Proposal Of How CSR Improves Organisations Competitiveness Essay

Project Proposal Of How CSR Improves Organisations Competitiveness though Its Interactions with HRM and Marketing - Essay Example According to Amato & Amato, (2007) full implementation of the requirements of CSR I company management and business operations enhances innovative potential of the various regions of concern thereby increasing their competitiveness. Companies’ competitiveness through effective implementation of the fundamental principles of CSR can be envisioned at various levels. Castelo & Rodrigues, (2006) notice this improved competitiveness at four basic levels: the micro level, regional level, sectoral level and at the national or macro level. In regard to the topic of this proposal, increased competitiveness of companies through effective and efficient implementation of the guiding principles of CSR will be focused at the sectoral level. Effective human resources management through CSR is focused upon intersectoral improvements in terms of quality production and efficient delivery of services. This intersectoral improvement is what sets a company higher in the competition ladder compared to others in the same line of production across the globe. The goals of sustainable development are pegged upon effective industrial and companies’ management. This move ensures effective use of production resources such as human resources and other resources used in industrial production with an aim of improving the companies’ competitiveness while using as little resources as possible. Regarding this aspect, this research aims to investigate how Corporate Social Responsibility (CSR) improves organizations’ competitiveness through its interactions with HRM and Marketing. Effective company management looks into improving performance and competitiveness of the company by improving the quality of production and service provision in all sectors of the company’s operations. Concerning this argument, Halme, Roome, & Dobers, (2009) defines sectoral level competitiveness as the performance of a given company or industry in a given region

In description Essay Example | Topics and Well Written Essays - 1000 words

In description - Essay Example A far more important role of the theatre is to advocate for society and represent the valid cause or interest of social groups or sectors without really going overboard or violating the rights of other people. We must understand that creativity in theatrical performances, in film and other forms of mass media can have tremendous impact on it audience. At the very least, these modes of communication can open the minds of the people to the different issues that beset society. In the more profound way, the theatre, cinemas and creative literature can shape the shape the minds and hearts of their audiences (Moores, Shaun (1993). Although there may a lot of people who do not subscribe to such proposition, thinking that the theatre should only be used to entertain and not to encourage people to be passionate about a cause, the fact that the theatre can have some profound influence upon the people is a good enough reason why using the theatre as an advocate for society is beneficial to the people. In our modern era, the persuasive mediums like the television, the cinemas, print media and the likes have been large responsible for shaping the opinions and sentiments of the people on various issues in society (Chomsky, Noam & Herman, Edward (1988, 2002). If we could harness the power of theatre and channel it to better use, then we can have a powerhouse for educating the people and effecting positive changes in society. The interesting thing about using the power of the theatre is that we enjoy ourselves and unleash our creativity in delivering our message to society. In other words, instead of using the rigid an d often static traditional system of advocating for society, we put more life into our message through the use of art. A message that is delivered in a more enjoyable manner often sticks longer in the minds of the audience than a hard-sell message. Why should theatre be an advocate of society instead of just merely a mirror

Case Study Example | Topics and Well Written Essays - 500 words - 26

Case Study Example As one with potential background in the human resource, I think I have to integrate the idea or the involvement of actual concepts in the HR policies and the sophisticated knowledge on how to resolve human resource-related conflicts, particularly on the ground of consideration of individual interests. One issue is the actual concern of the validity of the policies involved in the HR department, from the start until at present. There seems to be a significant change in this policy and this is a remarkable issue that needs to be closely considered, because it also concerns potential individual interests, both from the point of view of the employee and the firm. Another important issue is the legality of the prevailing action performed or initiated by the new HR management. This leads further to the actual issue of finding resolution for this issue, in order to ensure both parties are at least meeting half way. There is an actual conflict of interests as depicted in the main problem of the case. On the part of the HR department, the interest is in favor of the company, and on the side of the employee, the interest is in finding how he could substantially be compensated with his actual service and qualification. These are common interests within an organisation that employs human resource for profitable gain on the part of the company and on the part of the employee. On the part of the HR department, it seeks to implement policy that will substantially cover the need of the company to control or cut cost and even ensure profit. This is not usually the actual case among employees, as showcased in the case of John Cooley. He wants to be compensated fairly, as based on the previous policy implemented and his prevailing actual qualification in the company. There are other important things that the case showed. One of them is the issue of the actual leadership of the new HR management. This is integrated with how she substantially implements policy in a way that

In description Essay Example | Topics and Well Written Essays - 1000 words

In description - Essay Example A far more important role of the theatre is to advocate for society and represent the valid cause or interest of social groups or sectors without really going overboard or violating the rights of other people. We must understand that creativity in theatrical performances, in film and other forms of mass media can have tremendous impact on it audience. At the very least, these modes of communication can open the minds of the people to the different issues that beset society. In the more profound way, the theatre, cinemas and creative literature can shape the shape the minds and hearts of their audiences (Moores, Shaun (1993). Although there may a lot of people who do not subscribe to such proposition, thinking that the theatre should only be used to entertain and not to encourage people to be passionate about a cause, the fact that the theatre can have some profound influence upon the people is a good enough reason why using the theatre as an advocate for society is beneficial to the people. In our modern era, the persuasive mediums like the television, the cinemas, print media and the likes have been large responsible for shaping the opinions and sentiments of the people on various issues in society (Chomsky, Noam & Herman, Edward (1988, 2002). If we could harness the power of theatre and channel it to better use, then we can have a powerhouse for educating the people and effecting positive changes in society. The interesting thing about using the power of the theatre is that we enjoy ourselves and unleash our creativity in delivering our message to society. In other words, instead of using the rigid an d often static traditional system of advocating for society, we put more life into our message through the use of art. A message that is delivered in a more enjoyable manner often sticks longer in the minds of the audience than a hard-sell message. Why should theatre be an advocate of society instead of just merely a mirror

How to build brand synergy among the integrated marketing Research Paper

How to build brand synergy among the integrated marketing communication elements to deliver an effective and consistent message to consumers - Research Paper Example 6). Protecting and promoting the brand in therefore very important. However, it can be challenging given the relative ease with which it can be copied and the fierce competition in an increasingly technologically sophisticated market place (Johnson and Myatt 2003, 749). Building brand synergy among the integrated marketing communications can be particularly tricky. This is because, today there is a wealth of media technology facilitating communications globally. For marketing managers the problem therefore turns on attempting to ensure brand integrity locally while simultaneously cultivating synergy globally (Aaker and Joachimsthaler 2009). This means ensuring that marketing brands must be coordinated among the integrated marketing communication elements in such a way as to deliver an effective and consistent message to consumers. In marketing products the focus must be on ensuring that brands maintain the same quality in terms of substance and packaging. In the service industry, branding is attached to the business rather than the product (Berry 2000, p. 128). As brands have the potential to clutter, confuse and crowd the market, building synergy is entirely important since there is an intense â€Å"proliferation of products, brands and sub-brands† in the market place (Aaker 2004, p. 6). Branding has entered a new phase in the international business environment and permeates local markets as a natural consequence. With the advances in modern technology particularly with respect to telecommunications have changed the way that businesses are required to coordinate brand promotion and protection. Moreover, competition is becoming increasingly fierce (Cravens, Piercy and Prentice 2000, 369). Businesses are therefore taking steps to become what is characterized as â€Å"smart environments† (Raman and Naik 2006, p. 381). It is therefore important to study how the new

Export Finance in India Essay Example for Free

Export Finance in India Essay Credit and finance is the life and blood of any business whether domestic or international. It is more important in the case of export transactions due to the prevalence of novel non-price competitive techniques encountered by exporters in various nations to enlarge their share of world markets. The selling techniques are no longer confined to mere quality; price or delivery schedules of the products but are extended to payment terms offered by exporters. Liberal payment terms usually score over the competitors not only of capital equipment but also of consumer goods. The payment terms however depend upon the availability of finance to exporters in relation to its quantum, cost and the period at pre-shipment and post-shipment stage. Production and manufacturing for substantial supplies for exports take time, in case finance is not available to exporter for production. They will not be in a position to book large export order if they don’t have sufficient financial funds. Even merchandise exporters require finance for obtaining products from their suppliers. This term paper is an attempt to throw light on the various sources of export finance available to exporters, the schemes implemented by ECGC and EXIM for export promotion and the recent developments in this field. Concept of Export Finance: The exporter may require short term, medium term or long term finance depending upon the types of goods to be exported and the terms of statement offered to overseas buyer. The short-term finance is required to meet â€Å"working capital† needs. The working capital is used to meet regular and recurring needs of a business firm like purchase of raw material, payment of wages and salaries, expenses like payment of rent, advertising etc. The exporter may also require â€Å"term finance† for medium and long term financial needs such as purchase of fixed assets and long term working capital. Export finance is short-term working capital finance allowed to an exporter. Finance and credit are available not only to help export production but also to sell to overseas customers on credit. Objectives of Export Finance: †¢ To cover commercial Non-commercial or political risks attendant on granting credit to a foreign buyer. †¢ To cover natural risks like an earthquake, floods etc. An exporter may avail financial assistance from any bank, which considers the ensuing factors: a) Availability of the funds at the required time to the exporter. b) Affordability of the cost of funds. Appraisal: Appraisal means an approval of an export credit proposal of an exporter. While appraising an export credit proposal as a commercial banker, obligation to the following institutions or regulations needs to be adhered to. Obligations to the RBI under the Exchange Control Regulations are: †¢ Appraise to be the bank’s customer. †¢ Appraise should have the Exim code number allotted by the Director General of Foreign Trade. †¢ Party’s name should not appear under the caution list of the RBI. Obligations to the Trade Control Authority under the EXIM policy are: †¢ Appraise should have IEC number allotted by the DGFT. †¢ Goods must be freely exportable i.e. not falling under the negative list. If it falls under the negative list, then a valid license should be there which allows the goods to be exported. †¢ Country with whom the Appraise wants to trade should not be under trade barrier. Obligations to ECGC are: †¢ Verification that Appraise is not under the Specific Approval list (SAL). †¢ Sanction of Packing Credit Advances. Guidelines for banks dealing in Export Finance: When a commercial bank deals in export finance it is bound by the ensuing guidelines: a) Exchange control regulations. b) Trade control regulations. c) Reserve Bank’s directives issued through IECD. d) Export Credit Guarantee Corporation guidelines. e) Guidelines of Foreign Exchange Dealers Association of India. Export-import bank of India (EXIM Bank) The Export-import bank of India (EXIM Bank) was set up in January 1982 as a statutory corporation wholly owned by central government. It is managed by the Board of Directors with repatriation from Government, financial institutions, banks and business community. The main objective of Export-Import Bank (EXIM Bank) is to provide financial assistance to promote the export production in India. The financial assistance provided by the EXIM Bank widely includes the following: †¢ Direct financial assistance †¢ Foreign investment finance †¢ Term loaning options for export production and export development †¢ Pre-shipping credit †¢ Buyer’s credit †¢ Lines of credit †¢ Re-loaning facility †¢ Export bills rediscounting †¢ Refinance to commercial banks The Export-Import Bank also provides non-funded facility in the form of guarantees to the Indian exporters. †¢ Development of export makers †¢ Expansion of export production capacity †¢ Production for exports †¢ Financing post-shipment activities †¢ Export of manufactured goods †¢ Export of projects †¢ Export of technology and software’s Export financing programmes provided by EXIM Bank India EXIM INDIA offers a range of financing programs that match the menu of Exim Banks of the industrialized countries. The Bank provides competitive finance at various stages of the export cycle covering. EXIM INDIA operates a wide range of financing and promotional programs. The Bank finances exports of Indian machinery, manufactured goods, and consultancy and technology services on deferred payment terms. EXIM INDIA also seeks to co-finance projects with global and regional development agencies to assist Indian exporters in their efforts to participate in such overseas projects. The Bank is involved in promotion of two-way technology transfer through the outward flow of investment in Indian joint ventures overseas and foreign direct investment flow into India. EXIM INDIA is also a Partner Institution with European Union and operates European Community Investment Partners’ Program (ECIP) for facilitating promotion of joint ventures in India through technical and financial collaboration with medium sized firms of the European Union. The Export- Import Bank of India (Exim Bank) provides financial assistance to promote Indian exports through direct financial assistance, overseas investment finance, term finance for export production and export development, pre-shipping credit, buyer’s credit, lines of credit, relending facility, export bills rediscounting, refinance to commercial banks. Loans to Indian Entities: †¢ Deferred payment exports: Term finance is provided to Indian exporters of eligible goods and services, which enables them to offer deferred credit to overseas buyers. Deferred credit can also cover Indian consultancy, technology and other services. Commercial banks participate in this program directly or under risk syndication arrangements. †¢ Pre-shipment credit: finance is available from Exim Bank for companies executing export contracts involving cycle time exceeding six months. The facility also enables provision of rupee mobilization expenses for construction/turnkey project exporters. †¢ Term loans for export production: Exim Bank provides term loans/deferred payment guarantees to 100% export-oriented units, units in free trade zones and computer software exporters. In collaboration with International Finance Corporation. Washington, Exim Bank provides loans to enable small and medium enterprises to upgrade their export production capability. †¢ Overseas Investment finance: Indian companies establishing joint ventures overseas are provided finance towards their equity contribution in the joint venture. †¢ Finance for export marketing: This program, which is a component of a World Bank loan, helps exporters implement their export market development plans. Loans to Commercial Banks in India: †¢ Export Bills Rediscounting: Commercial Banks in India who are authorized to deal in foreign exchange can rediscount their short term export bills with Exim Banks, for an unexpired usage period of not more than 90 days. †¢ Refinance of Export Credit: Authorized dealers in foreign exchange can obtain from Exim Bank 100% refinance of deferred payment loans extended for export of eligible Indian goods. †¢ Guaranteeing of Obligations: Exim Bank participates with commercial banks in India in the issue of guarantees required by Indian companies for the export contracts and for execution of overseas construction and turnkey projects. Industrial Finance Corporation of India (IFCI) Government of India came forward to set up the Industrial Finance Corporation of India (IFCI) in July 1948 under a Special Act. The Industrial Development Bank of India, scheduled banks, insurance companies, investment trusts and co-operative banks are the shareholders of IFCI. The Government of India has guaranteed the repayment of capital and the payment of a minimum annual dividend. Since July I, 1993, the corporation has been converted into a company and it has been given the status of a Ltd. Company with the name Industrial Finance Corporations of India Ltd. IFCI has got itself registered with Companies Act, 1956. Before July I, 1993, general public was not permitted to hold shares of IFCI, only Government of India, RBI, Scheduled Banks, Insurance Companies and Co-operative Societies were holding the shares of IFCI. Management of IFCI: The corporation has 13 members Board of Directors, including Chairman. The Chairman is appointed by Government of India after consulting Industrial Development Bank of India. He works on a whole time basis and has tenure of 3 years. Out of the 12 directors, four are nominated by the IDBI, two by scheduled banks, two by co-operative banks and two by other financial institutions like insurance companies, investment trusts, etc. IDBI normally nominates three outside persons as directors who are experts in the fields of industry, labour and economics, the fourth nominee is the Central Manager of IDBI. The Board meets once in a month. It frames policies by keeping in view the interests of industry, commerce and general public. The Board acts as per the instructions received from the government and IDBI. The Central Government reserves the power up to the Board and appoints a new one in its place. IFCI also has Standing Advisory Committees one each for textile, sugar, jute, hotels, engineering and chemical processes and allied industries. The experts in different fields appointed on Advisory Committees. The chairman is the ex-officio member of all Advisory Committees. All applications for assistance are first discussed by Advisory Committees before they go to Central Committees. Financial Resources of IFCI: The financial resources of the corporation consist of share capital bonds and debentures and borrowings. a) Share Capital: The IFCI was set up with an authorized capital of Rs. 10crores consisting of 20,000 shares of Rs. 5,000 each. This capital was later on increased at different times and by March, 2003 it was Rs. 1068 crores. b) Bonds and Debentures: The Corporation is authorized to issue bonds and debentures to supplement its resources but these should not exceed ten times of paid-up capital and reserve fund. The bonds and debentures stood at a figure of Rs.15366.5 crores as on 31st March 2003. c) Borrowings: The Corporation is authorized to borrow from government IDBI and financial institutions. Its borrowings from IDBI and Govt. of India were Rs. 975.6 crore on March 31, 2003. Total assets of IFCI as on March 31, 2003 aggregated Rs. 22866 crore. Functions of IFCI: o Granting loans or advances to or subscribing to debentures of industrial concerns repayable within 25 years. Also it can convert part of such loans or debentures into equity share capital at its option. o Underwriting the issue of industrial securities i.e. shares, stock, bonds, or debentures to be disposed off within 7 years. o Subscribing directly to the shares and debentures of public limited companies. o Guaranteeing of deferred payments for the purchase of capital goods from abroad or within India. o Guaranteeing of loans raised by industrial concerns from scheduled balls or state co-operative banks. †¢ Acting as an agent of the Central Government or the World Bank in respect of loans sanctioned to the industrial concerns. IFCI provides financial assistance to eligible industrial concerns regardless of their size. However, now-a-days, it entertains applications from those industrial concerns whose project cost is about Rs. 2 crores because up to project cost of Rs. 2 crores various state level institutions (such as Financial Corporations, SIDCs and banks) are expected to meet the financial requirements of viable concerns. While approving a loan application, IFCI gives due consideration to the feasibility of the project, its importance to the nation, development of the backward areas, social and economic viability, etc. The most of the assistance sanctioned by IFCI has gone to industries of national priority such as fertilizers, cement, power generation, paper, industrial machinery etc. It has sanctioned nearly 49 per cent of its assistance for projects in backward districts. IFCI introduced a scheme for sick units also. The scheme was for the revival of sick units in the tiny and small scale sectors. Another scheme was framed for the self-employment of unemployed young persons. The corporation has diversified not only merchant banking but also financing of leasing and hire purchase companies, hospitals, equipment leasing etc. were the other new activities of the corporation in the last few years. Promotional Activities: The promotional role of IFCI has been to fill the gaps, either in the institutional infrastructure for the promotion and growth of industries, or in the provision of the much needed guidance in project intensification, formulation, implementation and operation, etc. to the new tiny, small-scale or medium scale entrepreneurs or in the efforts at improving the productivity of human and material resources. (a) Development of Backward Areas: –IFCI introduce a scheme of confessional finance for projects set up in backward areas. The backward-districts were divided into three categories depending upon the state of development there. All these categories were eligible for concessional finance. Nearly 50 per cent of total lending of IFCI has been to develop backward areas. (b) Promotional Schemes:- IFCI has been operating six promotional schemes with the object of helping entrepreneurs to set up new units, broadening the entrepreneurial base, encouraging the adoption of new technology, tackling ‘the problem of sickness and promoting opportunities for self development and Self employment of unemployed persons etc. These schemes are as such: 1. Subsidy for Adopting Indigenous Technology 2. Meeting Cost of Market Studies 3. Meeting Cost of Feasibility Studies 4. Promoting Small Scale and Ancillary Industries 5. Revival of Sick Units 6. Self-development and Self employment Scheme Export Credit Guarantee Corporation of India (ECGC) In order to provide export credit and insurance support to Indian exporters, the GOI set up the Export Risks Insurance Corporation (ERIC) in July, 1957. It was transformed into export credit guarantee corporation limited (ECGC) in 1964. Since 1983, it is now know as ECGC of India Ltd. ECGC is a company wholly owned by the Government of India. It functions under the administrative control of the Ministry of Commerce and is managed by a Board of Directors representing government, Banking, Insurance, Trade and Industry. The ECGC with its headquarters in Bombay and several regional offices is the only institution providing insurance cover to Indian exporters against the risk of non-realization of export payments due to occurrence of the commercial and political risks involved in exports on credit terms and by offering guarantees to commercial banks against losses that the bank may suffer in granting advances to exports, in connection wi th their export transactions. Objectives of ECGC: †¢ To protect the exporters against credit risks, i.e. non-repayment by buyers †¢ To protect the banks against losses due to non-repayment of loans by exporters Covers issued by ECGC: The covers issued by ECGC can be divided broadly into four groups: âž ¢ STANDARD POLICIES: issued to exporters to protect them against payment risks involved in exports on short-term credit. âž ¢ SPECIFIC POLICIES: Designed to protect Indian firms against payment risk involved in (i) exports on deferred terms of payment (ii) service rendered to foreign parties, and (iii) construction works and turnkey projects undertaken abroad. âž ¢ FINANCIAL GUARANTEES: Issued to banks in India to protect them from risk of loss involved in their extending financial support to exporters at pre-shipment and post-shipment stages. âž ¢ SPECIAL SCHEMES: such as Transfer Guarantee meant to protect banks which add confirmation to letters of credit opened by foreign banks, Insurance cover for Buyer’s credit, etc. STANDARD POLICIES ECGC has designed 4 types of standard policies to provide cover for shipments made on short term credit: †¢ Shipments (comprehensive risks) Policy: to cover both political and commercial risks from the date of shipment. †¢ Shipments (political risks) Policy:- to cover only political risks from the date of shipment †¢ Contracts (comprehensive risks) Policy:- to cover both commercial and political risk from the date of contract †¢ Contracts (Political risks) Policy :- to cover only political risks from the date of contract RISKS COVERED UNDER THE STANDARD POLICIES: 1. Commercial Risks a) Insolvency of the buyer b) Buyer’s protracted default to pay for goods accepted by him c) Buyer’s failure to accept goods subject to certain conditions 2. Political risks a) Imposition of restrictions on remittances by the government in the buyer’s country or any government action which may block or delay payment to exporter. b) War, revolution or civil disturbances in the buyer’s country. Cancellation of a valid import license or new import licensing restrictions in the buyer’s country after the date of shipment or contract, as applicable. c) Cancellation of export license or imposition of new export licensing restrictions in India after the date of contract (under contract policy). d) Payment of additional handling, transport or insurance charges occasioned by interruption or diversion of voyage that cannot be recovered from the buyer. e) Any other cause of loss occurring outside India, not normally insured by commercial insurers and beyond the control of the exporter and / or buyer. RISKS NOT COVERED UNDER STANDARD POLICIES: a) Commercial disputes including quality disputes raised by the buyer, unless the exporter obtains a decree from a competent court of law in the buyer’s country in his favour, unless the exporter obtains a decree from a competent court of law in the buyers’ country in his favour b) Causes inherent in the nature of the goods. c) Buyer’s failure to obtain import or exchange authorization from authorities in his county d) Insolvency or default of any agent of the exporter or of the collecting bank. e) loss or damage to goods which can be covered by commerci8al insurers f) Exchange fluctuation g) Discrepancy in documents. SPECIFIC POLICIES The standard policy is a whole turnover policy designed to provide a continuing insurance for the regular flow of exporter’s shipment of raw materials, consumable durable for which credit period does not normally exceed 180 days. Specific policies are issued in respect of Supply Contracts (on deferred payment terms), Services Abroad and Construction Work Abroad. 1) Specific policy for Supply Contracts: Specific policy for Supply contracts is issued in case of export of Capital goods sold on deferred credit. It can be of any of the four forms: a) Specific Shipments (Comprehensive Risks) Policy to cover both commercial and political risks at the Post-shipment stage b) Specific Shipments (Political Risks) Policy to cover only political risks after shipment stage. c) Specific Contracts (Comprehensive Risks) Policy to cover political and commercial risks after contract date. d) Specific Contracts (Political Risks) Policy to cover only political risks after contract date. 2) Service policy: Indian firms provide a wide range of services like technical or professional services, hiring or leasing to foreign parties (private or government). Where Indian firms render such services they would be exposed to payment risks similar to those involved in export of goods. Such risks are covered by ECGC under this policy. The policy covers 90%of the loss suffered. 3) Construction Works Policy: It covers civil construction jobs as well as turnkey projects involving supplies and services of both with private and foreign government. This policy covers 85% of loss suffered on account of contracts with government agencies and 75% of loss suffered on account of construction contracts with private parties. FINANCIAL GUARANTEES Exporters require adequate financial support from banks to carry out their export contracts. ECGC backs the lending programmes of banks by issuing financial guarantees. The guarantees protect the banks from losses on account of their lending to exporters. Six guarantees have been evolved for this purpose:- (i). Packing Credit Guarantee (ii). Export Production Finance Guarantee (iii). Export Finance Guarantee (iv). Post Shipment Export Credit Guarantee (v). Export Performance Guarantee (vi). Export Finance (Overseas Lending) Guarantee. These guarantees give protection to banks against losses due to non-payment by exporters on account of their insolvency or default. The ECGC charges a premium for its services that may vary from 5 paise to 7.5 paise per month for Rs. 100/-. The premium charged depends upon the type of guarantee and it is subject to change, if ECGC so desires.