The Ineffectiveness of the Provisions of SGA in Allocating Risks Essay

The Ineffectiveness of the Provisions of SGA in Allocating Risks - Essay Example The researcher states that transportation is a challenge that affects goods in transit. In many cases, problems arise during the transportation of a bulky consignment owing to the fact that such goods are likely to change hand from one mode of transport to another. Although the act addresses the concerns of the risk bearers in the case of loss, its introduction presents a complex perspective on the form of transportation. For instance, when there is a transportation of goods, it is likely that such a container of the goods may transit through different modes of transport like ships, rails or even the use of tracks. The act fails to give appropriate guidance on risk allotment when bulky goods transit through one mode to another. The issues arising from risk allotment to the various modes of transport is so complex that any amendment of the provision will require an appropriate method that quantifies and allocate the level of involvement between the modes of transport before allotting the risks. Further, the section provides the limiting factor to the scope of the act. The provision lacks a proper directive to offering direction on goods in transit. Perhaps, the best approach would involve splitting the risks and ensuring there is a clear definition of the bearers based on the different goods forming the consignment. In doing so, it would limit the risks of deterioration by splitting these risks occasioned during transiting by allowing the seller to bear the so-called extraordinary risks associated with casualty and accidents. The same approach would apportion the so-called necessary risks of deterioration, which is common to all goods undergoing transit to the buyer.

Finance Essay Example | Topics and Well Written Essays - 2250 words

Finance - Essay Example Overview The term liquidity refers to the ability of the firm to cover its debt obligations through its liquid assets, without incurring a large loss. For example, if a firm wants to repay its outstanding commercial paper obligation of one month, then it might issue new commercial papers instead of selling its assets (The Economist 2001). Thus, liquidity risk involves the inability of the firm to meet its current and its future collateral needs and cash flows, without affecting the overall financial operations of the firm (FRBSF 2010, 1). The financial firms are generally sensitive regarding funding the liquidity risks, as transforming debt maturity such as purchasing assets with the short-term deposits, funding the long-term loans or debt obligations, are the major business areas. As a response to the liquidity risk, the financial firms generally maintain and establish a system for liquidity management. This system helps in assessing the prospective requirements of funds and also en sures that the funds are accessible during the appropriate time. Before moving on to discuss the solutions firms prepare to meet out the liquidity risks, we will discuss the types of liquidity risk that prevails (Nikolaou 2009, 10-11). Figure 1 Source: (Fiedler 2002). There are two types of liquidity risks that would be discussed in this study, namely: a) Market Liquidity Risk, and b) Funding Liquidity Risk. The Market Liquidity Risk means that the assets cannot be sold in the market due to constraints in liquidity in the market. It can be due to widening of the offer spread, expansion of holding period, or making unambiguous liquidity reserves. The Funding Liability Risk means having risk when the liabilities cannot be met, when they are due, can be met when the price is uneconomic, or is systematic. There are different situations or causes due to when liquidity risk can be assessed. The situation when not a single buyer is available in the market to trade for an asset or assets, l eads to liquidity risks. Liquidity risk can be denoted as a financial risk which occurs due to uncertain liquidity. Liquidity risks might arise when the credit ratings of the firm falls, or when it experiences a sudden outflow of cash (Drehmann, and Nikolaou 2009, 4-5). The recent disintegration of several huge financial institutions reveals the critical nature of the liquidity risks and also depicts the critical role that it plays for the regulators, globally. The Bank of International Settlements (BIS) was among the first to adopt the comprehensive regime of testing liquidity risk and protecting the institutional stakeholders. The Financial Service Authorities (FSA) has also issued policy statement PS09/16, for strengthening the liquidity standards. Liquidity risk can be regarded as both eccentric as well as systematic. It plays a crucial role for the banking entities and the other industries too. Liquidity risks may vary between assets, liability and time. It includes the institu tional stakeholders like the creditors, debtors, owners, etc (Oracle Financial Services 2009, 2-4). Risk Measurement The recent fluctuations in the financial market included the payment system and several banking processes which are directly related to short-term forecasting. The control system should be such so that it can measure the liquidity risks and the performance with relation to the models utilized for market and credit risks.

Why people make unethical design Essay Example | Topics and Well Written Essays - 750 words

Why people make unethical design - Essay Example This paper looks at the opposite view of unethical conduct or behaviour in business with specific focus on gender inequality of remuneration between male and female executives in business organizations. The fact that there is inequality suggests unethical behaviour on the part the management of such organizations. There is enough evidence to suggest that there exists a gender gap with regard to pay among executives in the country. Other issues like promotion opportunities, lack of involvement in decision making etc also are seen. Another prominent fact is that the percentage of women executives in gets lower as the climb up the corporate ladder takes place. Another factor is that the compensation gap gets bigger with regard to the top managerial posts in an organization. Most of the information given in this section has been basically sourced from reputed magazines like Fortune or news sties like CNN. The Equal Pay Act of 1963 bars employers from compensation discrimination on the basis of sex. An excerpt from the Act is given below. â€Å"No employer having employees subject to any provisions of this section shall discriminate, within any establishment in which such employees are employed, between employees on the basis of sex by paying wages to employees in such establishment at a rate les s than the rate at which he pays wages to employees of the opposite sex†¦.† (Laws & Guidance). But this has not yet been implemented uniformly even after forty four years of its passing. The 2005 issue of Fortune magazine states that women are paid less than men across all job sectors and positions. This appears to be the case in all the OECD (Organisation for Economic Co-operation and Development) countries. â€Å"The average difference is more than 15% and exceeds 20% in some countries – in the US, men earn 22% more† (Morella 4). A review of literature has shown that the most discussed theory with reference to compensation in general and

International Money and Finance (Final stage 3) Essay - 2

International Money and Finance (Final stage 3) - Essay Example The company’s annual report 2010 provides clues on the exchange rate risks. Operating Statistics Number of rental stores Staff numbers 31 October 30 April 31 October 30 April 2010 2009 2010 2010 2009 2010 Sunbelt Rentals 346 397 393 5,373 5,733 5,334 A-Plant 104 111 105 1,876 1,944 1,872 Corporate office - - - 11 12 12 Group 450 508 498 7,260 7,689 7,218 The operating statistics on the number of rental stores and staff strength provide a comparative view of the performance of the Ashtead Group in the years 2009 and 2010 respectively in Sunbelt Rentals and A-Plant (Ashtead Group Press Release, 2011). Exchange Rate Risk Ashtead Group is exposed to exchange rate risk developed from translation risk emerging from most of the company assets, liabilities, income and costs written in the US dollars. The changes in the comparative value of Pound Sterling and the US dollar can impact on the financial strength and functioning of the company. All debt of the company is shown in the US do llars to secure to a certain extent the revenue stream, hedging against the translation effects erupting from the shift in the dollar exchange rate. The company pays dollar interest on its debts to reduce the impact of any shift in the dollar exchange rate on its income (Ashtead Group Annual Report Accounts, 2010). Movements in the rate of the US dollar with respect to Pound Sterling has been having and crucial impact on our financial position and outcomes of operations as registered in pounds are because most of the company assets, liabilities, income and costs are represented in US dollars. Movement in the exposure of the firm against Pound Sterling or other currencies however, can create significant transaction exposure for the firm. Higher level of exposure can affect the firm’s short term cash flows and therefore may force the firm to borrow to meet its short term cash requirements. (Moffett, Stonehill, & Eiteman,2009). Till 31 October 2010 all company debts shown in the US dollar were nearly 80% of the value of net assets shown in dollar. It proved out to be robust hedge against currency fluctuations. It reduces the impact of exchange rate fluctuations as interest is paid through dollar as well, thus, reducing the effect on pre-tax profits and income. Based on the latest currency mix of Ashtead Group’s profits and on dollar debt levels, interest and exchange rates at 31 October 2010, a 1% change in the US dollar exchange rate would impact pre-tax profit by ?40,000 (Ashtead Group Press Release, 2011). The company has been benefitting from the strong dollar in the past, as is evident from the results of Sunbelt from stronger dollar in the year 2009 when revenues in dollar were short by 21% across the year to US$1450 million but in reality increased by 7% when shown in UK sterling (International Rental News, 2009). Ashtead's Sunbelt results were boosted by the stronger dollar. Sunbelt's revenues in dollars fell by 21% over the year to US$1450 million, although actually grew by 7% when expressed in UK sterling. A-Plant's sales for the year fell by 2% to 208.0 [pounds sterling] million. Dollar exchange rate hedging worked well for the company in the year 2009 amidst reducing sales for both the companies of the group in the final quarter with 28% cut in income by A-Plant and 24% reduction in the income of Senbelt in local

Othello setting act5, scene 1 & 2 Essay Example | Topics and Well Written Essays - 250 words

Othello setting act5, scene 1 & 2 - Essay Example The effect of the setting is that, it has made it possible for evil to be committed without the ability to determine who is committing the evil against the others. On the other hand, Act V scene II is in a bedroom setting within the castle, where Desdemona finally meets her death (Shakespeare, ‎187). As opposed to the setting full of darkness in Scene I, the setting in Scene II is one where the acts of each character are recognizable. Thus under this setting, the evils deeds of the characters now come to the open, where the villains who have been hurting each other are known. It is now possible to tell what who has been holding a grudge against the other, and what reasons inform the sweet revenge (Shakespeare, ‎195). Therefore, there is a contrast in the setting of Scene I and Scene II in Act V, and the effect of the settings contrast is to hide the evils of different characters under Scene I, but their evils are disclosed in Scene

Advertising Strategies Essay Example for Free

Advertising Strategies Essay Advertising Strategies Advertising is used as a means to attract the buyer to follow a brand. There are many different advertising techniques that can be used depending on the demographics of the target market. As a 14-year-old, marketers have to understand what people my age like when it comes to advertising. For an advertisement to be effective for my age group, it needs to appeal to the audience. There are three main types of advertising used for people my own age, and they are celebrity power, lots of action, and the use of attractive women. Celebrity power is one effective form of advertising used for young teenagers. Because of the stage of life that I am currently at, I tend to look up to people who are famous. Most teenagers like to idolize musicians, sports players, and film stars. I am no different in this manner because I do associate myself with my favorite celebrities and try and follow them. If one of my idols is advertising a product, then I am more likely to pay that product some attention. I think that if my favorite celebrity is endorsing a product, then to be a true fan I should start buying that brand. This type of advertising is one of the oldest in the book, but it is also very effective for young people who are searching for an identity. Advertisements that have lots of action are also very popular with my age group. As a teenage boy, I enjoy watching television with great action scenes. This could either be a fight scene or a car chase. Marketers know that people my age like to see lots of action because it gets the adrenaline pumping. I am no different in that I enjoy watching advertisements that include a lot of action. There does not have to be much dialogue or any key message, just the inclusion of action appeals to young boys my age. Unlike the use of celebrities, using action sequences is a type of advertising that only works with males, particularly those around my own age. The third type of advertising that is effective for my age group is the use of sexy women. The saying that sex sells is a well-known one and it has been used ever since advertising first existed. The use of a pretty lady can set something going inside of teenage boys that make them take notice of the  advertisement. Scantily-clad women may be offensive to young females, but to guys like me it can make all the difference when it comes to advertising. I think that the use of attractive women will continue to be used by marketers because they know that it is an effective strategy and plenty of young men will approve of it. We are all bombarded by advertising every single day of our lives because marketers know the opportunities that it can bring. More than this, they also know that advertising can be extremely effective when trying to sell a product or service. For young boys of my age, this is no different. The advertising techniques used to attract people my age can be different from other target markets. The three main advertising strategies that are used to target someone like me are the celebrity factor, action sequences, and the inclusion of attractive young women.

The Airline Organization In Malaysia Commerce Essay

The Airline Organization In Malaysia Commerce Essay This essay reviews and examines the management operations in organizations, using the airline organization in Malaysia; Air Asia as our case study. In assessing or reading this essay, one will definitely come across certain terminologies which are not frequently used and not suitably applicable to our everyday lives, and therefore one may find it difficult to absorb and concur the real point of the essay. Such terminologies may include work organization, management, unemployment, management operations Etc. This concerns a part of the business or organization operations whereby they try to increase or maximize customer satisfaction by using the minimum amount of resources possible, e.g. in the case of an organization like Air Asia, they have being ranked as one of the top low-cost airlines world-wide. Their Low-price compared to other Airlines helps in motivating people to opt for Air Asia over others. Thereby, they increase the customer satisfaction while the try to expend the list amount of resources possible for this to be economically efficient for the organization. 2. Motivation is like an action which triggers or helps in the activation of a kind of behavior which is set for higher standards (goal-oriented behavior). When a manager motivates his/her workers, it is usually in most cases with the aim of achieving a higher set of goals for the organization. This motivation may take place under various circumstances and also in a variety of formalities, which include; Increasing Job satisfaction of the employees This can be achieved through things like increasing the workers salaries, upgrading their working conditions, better benefits and pension allowances and so on and so forth. First of all, a goal is an objective which a person intends to achieve in most cases, within a stipulated amount of time. Goals are set for various purposes. For example, some people set goals and then intend to strive to achieve that it within a stated period of time. The limited acts a form of motivation and pushes them to strive harder in achieving the goal. One of the most notable of the methods of goal settings is the SMART plan. SMART represents; Specific; The goals should be specified for easy rectification. Measurable; They should be quantifiable not uncertain. Attainable; They should be things that can be reached or attained within the stated period of time. Realistic; They should be somewhat as a fantasy or a dream but should be achievable. Time-line; There should be a stipulated period of time within which one should be able to achieve the goal. 3. CONFLICT RESOLUTION Conflict is a state of opposition between persons, ideas or interest. Whenever we want to work with people conflict is inevitable because we all come from different background, culture generation and we all have different believes and value. Each of us brings with us different views on about everything WAYS OF MANAGING CONFLICT 1 Accommodating: This is whereby you allow the other party to certify there consign and neglect your own 2 Collaborating: This means cooperating with the other party to understand there consign and effort to find a mutually satisfying solution. 3. Compromising: Attempting to resolve conflict by identifying solution that is partially satisfactory to both parties both completely satisfactory to neither. 4. Avoiding: Not paying attention to the conflict and not taking any action to resolve it. 5. Forcing: using your formal authority to satisfy your own consign without regard to the other parties consign WAYS OF RESOLVING CONFLICT 1. Arbitration: This is process whereby a third party is involved who has being invited by the conflict parties to propose the solution 2.Seek Mediation : Is a process whereby a third party consults with those involved in a conflict to see if the problem can be presenting in a way which facilitates a resolution, the mediator may simply listen and ask questions 3. Apply authority or force: If mediation, conciliation and arbitration do not work or the parties are not willing to try them, conflict can be resolved in a fashion by one party imposing his solution through authority.(I.e. Manager) this settlement will resentment amongst the workers at the receiving end both sometimes this is the only way to resolve conflict and save time. 4. Organizational structure depicts how jobs and official endeavors are formally broken down, grouped and carried out cord natively. Here are the types of organization structures; Simple Structure This is more commonly associated with smaller business such as the sole proprietorship and others like that. This is because; it is more functional when applied in an organizational setting with few workers. It is fast and flexible and also relatively cheaply applicable. Its major demerit involves the fact that it is relatively unsuccessful with other organizations with a larger workforce. Bureaucracy It is mainly characterized by a strong standardization technique such as highly formalized rules, strong hierarchal system and chain of command. The Matrix Structure This is departmentalized into 2; functional and product. The most outstanding and easily recognized structural feature of the matrix is that it breaks the unity-of-command concept. How people are managed Directing making decisions embodying decision in instruction and serving as the leader of the enterprise Organizing establishing structures and system through which activities are arranged Planning out ling the policy, objectives and resultant things to be accomplished. Time management is the process of monitoring, analysing and revising, you plan unit it work, effectively planning as a skill that takes time to acquire. Prepare tomorrow s schedule before you get to the office in morning Coordinating this is important stage consists of interacting the various part of work .it involves coordinating the various job, roles and responsibilities of yourself and others staff. 5. The Internet, especially that of the 21st Century is super-fast, has a very high flexibility and can be used for the efficient conduction of all kinds of transactions that goes on between suppliers, consumers and even multinational companies. These characteristics of the internet enable it to bring heavy positive returns to these organizations. For example, things like purchase orders, transportation of goods notifications, requisition letters Etc. which were initially sent and received through post-mail can now be accessed online via electronic mail through the internet. A customer-oriented organization, favors and elevates the customer above other things, it believes that the customer is always right. A production-oriented organization focuses mainly on production as their primary driving force and that is their top priority. 6. LEADERSHIP Leadership is the power to influence a meeting towards the success of destination. MANAGEMENT Management is the functions of authority underlying in assigned formal rate to receive compliance from organizational members. People should be managed using a type of management method known as Management by consensus. Consensus as we all know has to do with mutual agreement involving everyone therefore, management by consensus is a type of management whereby everyones opinion is taken in for consideration and then a decision is taken based on everybodys consensus. This helps in giving people a feeling of importance and also gives them a role to play. TYPES OF LEADERSHIP Autocratic leadership Bureaucratic leadership Democratic leadership Cultural leadership Strategic leadership Situational leadership Participative leadership TYPES OF MANAGEMENT Management by information system Management by organizational development Management by exception Management by walking around Management by performance Management by consensus Management by decision models COMPARE AND CONTRAST VARIOUS TYPES OF MANAGEMENT AND VARIOUS STYLES OF LEADERSHIP -THAT TRANSLATES INTO THE WAYS PEOPLE ARE MANAGED. Widening their network looking for mutual benefit or helping others selflessly. An appraisal system using performance indicators and objectives as the basis of appraisal. Information control keeping people informed about issues which affect them. Possessing good negotiating skills aiming for win/win outcomes Resources control allocated on the basis of business priority. Job seniority giving clear instruction for tasks . Having and ability to get people to communicate by offering confidential support Giving personal praise on the basis of good performance Involving others welcoming and utilising others ideas Managing access to people on the basis of need and business priority . Rewards and punishment using fairly and transparently based on an objective criteria. 7 Group entails any number of persons who interrelate with one another, who are mentally conscious of one another and recognize themselves as a group (Mullins, L.J. 2005). While teams denote groups that have familiar objective and identify that their individual achievement is hanged on the others. A group consists of all kinds of persons. The way individuals interact and interrelate shapes their success. The manners in which persons behave in groups differ. Some individuals are helpful and supportive, others are more worried about getting the task done, and yet others can initiate friction or dissonance inside the team. Managing a project team has various parts. One of the most vital is organizing and setting up that project team. If one makes the right decisions when organizing his/her project team, he/she will be steps away from achieving the group project. Make a list of the tasks that required to be completed to make the project a achievement. If you arent certain exactly what wants to be done to complete the task, now is the moment to go to your manager and get that explained. Step 2 Place a timeline for your task. If you have not been given a cut-off date, then you will require to put one, cum any erstwhile landmark inside the task. You will also want to set timelines for the responsibilities inside the mission, making certain that you are finishing the tasks in chronological command. Step 3 Locate the inputs that you want to make your task occur. Ensure that you will have entrance to any apparatus you want to compose your task an actuality. You have to converse this as soon as achievable with administration so you will have all that you want by the moment the task is ready to commence. Step 4 Generate a catalogue of responsibilities that you will want to fill inside your group. For example, you may want two sales persons and a marketing supervisor to produce your team. Again, each of the responsibilities, catalogue the tasks that this individual will be working on during the task. Step 5 Decide who in your business will labour best on your mission team given the responsibilities that you want to fill and the tasks that must be completed. Get the best individuals on board with you, keeping in mind who works well together when your team form. Step 6 Converse the arrangement amid your project team as soon as feasible. This is the last step in institute of a flourishing project team. Ensure each individual recognizes what they will do independently and what the team is trying to achieve as a whole.