Which of Porters Four Competitive Strategies Apple Engage - 825 Words

Which of Porters Four Competitive Strategies Does Apple Engage in? (Case Study Sample) Content: The Apple Case StudyStudents NameInstitution AffiliationThe Apple Case StudyQuestion 4-7. Which of Porters Four Competitive Strategies Does Apple engage in? Explain.Apple has focused on broad differentiation strategy that involves differentiating the products and services from its competitors. The differentiation strategy has been implemented by focusing on two different market segments of the consumer and the professional market. There are products made to meet the needs of professionals while other products are designed for the regular consumer market. Computers for professionals appear to have advanced features to meet the professional requirement compared to those tailored for the consumer market. According to Shao (2015), Apple further uses the differentiation strategy by engaging in better products or services across the industry. The corporation has focused on coming up with newer and better products that differentiate it from competitors and brings in more cus tomers.Question 4-8. What Do You Think Are the Three Most Important Factors in Apples Past Success? Justify Your Answer.Business ModelThe business model of Apple is one factor that has contributed to its success. Apple tends to control and coordinate every portion of the value chain where its value can be added. This aspect has enabled the company to maintain command of the industry, and it helps it to render quality merchandises and services to its clients. The company controls the sectors of the value chain where its core competence is placed, leaving other areas to other parties. The company draws its basic proficiency of marketing and innovation in the manufacturing of products, iTunes, Music portal and online mediation, while leaving the areas of content development and network provision to third parties.Its flexibility in the business model is another important factor that propels the success of Apple. It tends to change the business model basing on market demand, where it mai ntains the control of the major distribution aspects, which enables them to provide the market with what they want while sustaining the quality (Segall, 2012).Marketing and BrandingThe marketing strategies have proved crucial in the success of its products. IPhone, for example, has been marketed as a service rather than a product as seen in its advertising. The pricing strategy of skimming and versioning has also been a core competent in the success factors. This pricing strategy has enabled Apple products to be to mass-marketed to its consumers. The pricing based on geographical locations has seen the success in the marketing of Apple products. Besides, Apple has been able to develop a brand image that has helped in creating loyal customers to the brand. This loyalty has aided in the maintenance of demand for the products and helped maintain the pricing.InnovationApple has utilized technology and product innovation to develop high-quality products. Apple has used technology to crea te quality but easy to use products through innovation. The use of quality mobile browsing has enabled Apple to render standard web pages that are important for its consumers. Also, Apple has been concentrating on hardware innovation, while living the software applications to be developed by third parties. These have helped in fueling the success of Apple products (Laugesen Yuan, 2010).Question 4-9. What do you think? What role did jobs play? How can apple respond to his loss? Would you be willing to invest in apple without his leadership? Why or why not? Steve Jobs was a remarkable CEO with essential characters. As a result, Jobs is hailed as one of the greatest CEO in the world history because of the success he made as the chief executive officer of Apple. For example, Jobs kept an iron grip on every development process of a product, from its conception to its execution. He was a charismatic leader, and His absence can somehow affect eh management team that had been assembled at Apple. Apple was able to thrive because of the legendary of Job,However, Apple can still survive without him. It can continue to be a success and innovator in technology even without Steve Jobs. Apple is more than just a company is; it has established a cultural phenomenon from its designers, creative personnel, and the engineers. This assertion implies that even without Jobs, Apple can still be able to remain an icon in technology innovation. Apple can respond to the loss of Steve Jobs by thinking to double in the smart phone market and investing in other sectors to increase the revenue (Menzel, 2013).Investing in Apple is still a great thing to do. Apple is still ranked the most valuable company in the world with a brand reputation that is not going to change anytime soon. Its stock listing is approximate $100 per share. Additionally, the company has a remarkable amount of cash at hand, including cash equivalence and short-term investments. This financial power guarantees a higher dividend hike and buyback for the enterprise (Menzel, 2013)Question 4-10. Provide five reasons why Microsoft has not been able to achieve the same success that apple has. Substandard applications: Microsoft Corporation has inferior applications compared to Apple. For example, Microsoft products lack artistic software compare to those of Apple which are incredibly successful and is considered the standard in the technology industry. Compared to Microsoft apps, Apples products are much easier to use. The philosophy of Apple is straightforward and quality, which has placed its product above those of Microsoft. Thus, the substandard apps for Microsoft have failed to capture a mindshare more than that of Apple. Also, the products for Microsoft lack brand loyalty and public goodwill, compared to those of Apple Corporation.Slackness of Microsoft Company: Microsoft Corporation does not connect with todays customers for new products compared to Apple. Apple was able to develop products targ eting the emerging markets. Their products are mostly the first to get to the market, leaving Microsoft to chase them. Apple furthermore was able to embrace the luxury culture while Microsoft was still asleep. They produced products that were considered extravagant purchases. This initiative helped Apple to build a brand they not only sells its products, but it sells its culture as well. The bran...

The Theory Of Evolutionary Theory - 1822 Words

In today’s society, Alabama, Minnesota, Missouri, Pennsylvania, South Carolina, and Texas require that students be aware of a disclaimer and are encouraged to think critically concerning the aspects of evolutionary theory. Additionally, in Mississippi and Louisiana, educators and students are permitted to discuss critical evidence of the evolutionary theory (Reuters). Since the publication of On the Origin of Species by Means of Natural Selection, the Supreme Court of the United States has had numerous, varying, and even contradictory, rulings of the presence of evolution in public schools; however, the teaching of evolutionary theory should be permissible in school due to the multiple intellectual concepts that are intertwined in the theory. Firstly, the evolutionary theory is a fundamental, unifying theory that underlies all life sciences, resulting in the expansion of knowledge that contributes to the understanding of present-day microbiological changes (Kahn). For example, in the nineteenth century, the most prevalent explanation of the origin of microbial organisms was the theory of spontaneous generation. The theory of spontaneous generation proposed that living organisms arose from nonliving matter (Sadava, et al. 67). This belief led to the unpreparedness of scientists and physicians in the understanding of illnesses, which consequently led to the deaths of immeasurable numbers of individuals before the experiments of Louis Pasteur disproved the theory (Kahn).Show MoreRelatedDispositional, Evolutionary And Evolutionary Theory1283 Words   |  6 PagesDispositional, and Evolutionary Theory Nicholas DeRico PSY/405 August 24, 2015 Dispositional, Biological and Evolutionary Theory Abstract There are many theories that attempt to clarify the structures that influence personality, for example dispositional, and Evolutionary theory. This paper will discuss the differences that are among dispositional and evolutionary personality theories, as well as, strengths and limitations of dispositional and evolutionary and biological personality theories their bearingRead MoreEvolution Of A Evolutionary Theory1500 Words   |  6 Pagesdescendants of ancestral species that were different The power of evolution as a unifying theory is its ability to explain and connect a vast array of observations about the living world. Aristotle believed that life forms could be arranged on a scale of increasing complexity. Each form of life, perfect and permanent, had its allotted space. Darwin argued that classification should be based on evolutionary relationships Darwin used fossils, the remains or traces of organisms from the past, to studyRead MoreThe Evolutionary Theory Of Children1126 Words   |  5 Pagesfirst year of life. It is amazing that the environment and bond can be different with each child. Some infants are calm and protected by their mother, and some seem uneasy and uncertain. I would concur with the author s idea of ethological-evolutionary theory. The attachment is the strong emotional bond that develops between infant and mother, providing the infant with emotional security (Berk, 2014). The reciprocal action that infants sometime have is attachment behavior and exploratory behaviorRead MoreGossip Is An Evolutionary Theory861 Words   |  4 Pagesperson(s) for the conversation. It has been present through out every part of the world where the use of gossip has created a functioning society. Citizens have talked about other individuals on their behaviours to how the act. It is known to be an evolutionary theory that gossip is what help societies survive. These little chatters give information to their surrounding social groups guidance on how someone should live their lives. Gossip is not only an information source but it gives additional costs andRead MoreCharles Darwins Evolutionary Theory1223 Words   |  5 PagesIn 1859, Charles Darwin finally released his evolutionary theory â€Å"On the Origins of Species.† In this book, he described the process of natural selection and how certain alleles can be passed on to future generations. However the main focus of this was through animals and people, but not through the evolution of society. Early anthropologists in the nineteenth century took on this theory to help explain how societies have developed. However with this kind of thinking, it almost leads up to theRead MoreThe Battle Of Creationism And Evolutionary Theory869 Words   |  4 Pages The battle of creationism and evolutionary theory is not a new one. That being said, in order to understand whether creationism has a place in secondary education, one must first understand the complexity of the matter. Evolution in itself is a theory proposed by Charles Darwin in 1859. Grossly simplified, the theory states that life evolved from non-life; the concept of descent with modification. This theory arouses conflict because many Christians believe that it negates the literal interpretationRead MoreKogut and Zanders Theory of Evolutionary Theory Versus Internationalization Theory2173 Words   |  9 PagesIntroduction There are many theories given by different group of researchers about the existence of multinational enterprises or MNEs. According to John Cantwell, it was in the 1970s and 1980s that many theories on MNEs were proposed. These theories were either general theories of MNEs which were called the main institution for international production or the theories on foreign direct investment, the means by which international production is done ( Pitelis, Christos N. and Sugden, RogerRead MoreEvolutionary Theory And Its Effects On The Environment1825 Words   |  8 Pages 1. Evolutionary theory is that organisms that have heritable traits that help them adapt better to their environment, are most likely to survive, reproduce and be able to pass on their genes to their next generation. A question that evolutionary theory can answer is why species are from each other. The environment chooses characteristics on the organism. Darwin’s theory is that people evolve from their simplistic ancestor over times. Diverse form of life comes from natural selection, includingRead MoreEssay on Evolutionary Theory and Aggression1872 Words   |  8 PagesExamination of the Role of Evolution Theory in Predicting Criminal Behavior Walden University 9/23/2012 Abstract In this paper I will briefly describe the evolutionary theory in general, and specifically as it relates to the study of criminology. I will examine the ways in which natural selection has shaped the processes which motivate human behavior, especially in terms of how competing for limited resources and ensuring that ones genetic code is passed on are linked to aggressive behaviorRead MoreEvolutionary Theory And The Human Species1263 Words   |  6 PagesEvolutionary theory, perhaps the first thought is a horizontal line of a monkey walking through a five-step evolutionary process of becoming a human. Most people have a somewhat similar idea when they think about evolutionary theory. From what I have learned thus far in Archaeology is there is more to evolutionary theory than what one would have previously thought. Prior to entering Introduction to Archaeology, I had almost no knowledge about hominin evolution. I happen to be one of the people who

Human Rights Violations And Abuses Essay - 2175 Words

Introduction: This report is submitted to the Human Rights Council to report on the human rights violations and abuses against the Rohingya Muslims in Myanmar. This report focuses on the protracted enforcement of discriminatory policies that seek to marginalise and control Rohingya population namely of the Rakhine state. This report argues that Myanmar’s 1982 Citizenship Law and state and federal legislative acts function as the catalyst to excluded and marginalise the Rohingya. Theses policies violates their human rights as it contributes to the systematic and systemic discrimination of the Muslim minority group, as well as inciting conflict and displaced persons, restricting migration and depravation of basic human and exploitation of their socioeconomic status. Our organisation investigates the context of the legal framework that escalates the Rohingya crisis; and provides four key recommendations to protect their rights and foster brighter futures. 1.0 Country background: 1.1 Basic history 1.2 Burma’s pre-colonial period was similarly afflicted with complex ethnic and religious barriers to peace; marking Buddhists a significant massacre in 1942 where the actions of genocide against Muslims, recorded up to 50,000 deaths. Until January 1948 Myanmar was governed by British colonial rule and declared its independence, thus sparking major internal debates to the political future for Burma as the British rule embedded a deep distrust of foreigners to uphold BurmanShow MoreRelatedViolation of Human Rights820 Words   |  3 Pages â€Å"What are human rights?† When asked this question, many people would list 2 to 3 basic rights, the ones you learn in school basically, like the right to speak freely, to eat, to have a proper education†¦ But that is not even half of the human rights. In the early ages, they were no human rights to abide by. Every country or culture had its own regulations and rules. However, in the beginning of World War II (What are human ri ghts par1), an idea emerged entitled â€Å"freedom†. With it came out a documentRead MoreThe Decision For El Salvador s Supreme Court860 Words   |  4 Pagesthe issue of human rights. My chosen article, co-written by Elisabeth Malkin and Gene Palumbo, describes the landmark decision for El Salvador’s Supreme Court to overturn an amnesty law that protected perpetrators of human rights violations. The ruling of the Supreme Court is based on the grounds that the amnesty is unconstitutional due to violating international human rights laws (Malkin, Palumba). This event is particularly important because previous governments ignored these violations that stemmedRead MoreWomens Rights in Latin America and the Caribbean1362 Words   |  6 Pagespervasive and widespread human rights violations women face in the region, with little chance of justice. The most pernicious types of womens human rights abuses in the Americas occur in the areas of womens reproductive and sexual hea lth and rights, discrimination and violence against women in the workplace, and violence against women in the home. After decades of dictatorships in some countries, democracy has not meant an end to impunity for violations of women rights. In fact, despite the formalRead MoreA comparison Study of Russia and Estonia1171 Words   |  5 PagesHuman rights are a fundamental aspect of the lives of individuals. The atrocities committed throughout history have prompt the formation of a variety of organizations that have encourage the advancement and respect for the human rights of all individuals around the world. Despite a growing human rights movement and awareness among individuals, many countries still continue to violate the human rights of their citizens. There could be many reasons for this trend, but there are certain factors thatRead MoreEssay about Police Brutality1737 Words   |  7 Pagesdivisive human rights violations in the United States. The excessive use of force by po lice officers persists because of overwhelming barriers to accountability. This fact makes it possible for officers who commit human rights violations to escape due punishment and often to repeat their offenses. Police or public officials greet each new report of brutality with denials or explain that the act was an aberration, while the administrative and criminal systems that should deter these abuses by holdingRead MoreWhats going on in india?1397 Words   |  6 PagesMost of us dont understand what it is like to have our basic human rights violated. Nor will many of us every really understand. In India, their citizens are suffering from many different types of violations. For instance, people are being tortured. Women are being raped and single handedly being deprived of their rights. Many women are being kidnapped, raped, tortured and some even end up being killed. Its very eye opening when you find out about these types of things because we never hear aboutRead MoreHuman Righ ts in History1119 Words   |  4 PagesThroughout history, human rights have been violated and there have been people trying to fight for their rights but many have failed. Each human being has the same equal rights at the time of birth and that should not change at any given moment. Human rights entitle a person’s right to freedom of expression and movement, equality before the law, the rights to live, right to education, religion, and to own property as it states in the (preamble). People all around the world should know and understandRead MoreAbstract. Since 2003, Many Chinese Citizens Have Been Detained1700 Words   |  7 Pagescreated for the purpose of detaining petitioners who seek rectification for problems at local and provincial levels of government, are subjected to a multitude of physical and psychological abuses. This paper analyzes the conditions that caused these detention facilities to appear, assesses the abuses and rights violations perpetuated by these ja ils, and offers several potential steps that American policymakers can take to address this issue.Introduction In 2003, China abolished a state-sanctioned systemRead MoreDrug Testing and Issues of Privacy at the Workplace753 Words   |  3 Pageswith substance abuse and other addictive behaviors among the employees and/or staff. Again, there is a logic behind the reasoning for drug testing employees in the workplace. There is additionally potential for abuse by those performing the drug tests to do so excessively or without cause, or that such tests lead to other forms of screening and privacy violation. This is an aspect of the issue that is difficult to define: where is the line between what is necessary and what is a violation of privacyRead MoreThe Universal Declaration Of Human Rights1485 Words   |  6 PagesUniversal Declaration of Human Rights states â€Å"that human rights are held by all persons equally and universally forever† –hence, they are universal held. This is due to them being the exact same for all human beings anywhere in the world. One cannot acquire hum an rights because of where they come from, but because they are a member of the human race. Nobody can lose those human rights, nor can they be taken away for whatever the reason may be. Together, we have the right to express ourselves, communicate

Substance Abuse Is An Addiction - 1626 Words

Introduction Substance abuse is an addiction and it is the addition, which is referred to a chronic disease. It is this chronic disease that is a significant and growing issue, especially among family units where either one or two parents and/or parental guardians suffer from. Despite the various and complex reasons that cause the parents or parental guardians to abuse substances, it is their children who suffer thus, significantly affecting the parent/parental guardian and child bonding relationship. It is this bonding relationship when compromised that negatively affects the child’s overall socio-emotional and psychological well-being, as well as times when there are physical risk factors such as abuse, neglect, or mistreatment (Johnson, 2015). According to a study by Connors-Burrow et al. (2009), there were approximately 5.1% number of children living with parents of substance dependence and the remaining percentage living with parents of substance misuse (Conners-Burrow et al., 2013). It is this percentage of children whose normal development has been interrupted by the substance abuse and with the appropriate and supportive interventions, these children can obtain a feeling of acceptance and attachment security to their parents/parental guardians. (Where is your thesis?) Problem Area The fact is that more than 8.3 million children ranging from infancy to eighteen years old live in a family unit where either the parents or parental guardians are substance abusers, asShow MoreRelatedAddiction And Substance Abuse And Addiction Essay2001 Words   |  9 PagesNational Center on Addiction and Substance Abuse, addiction is defined as a chronic, complex disease which affects the functioning of the ones brain and body (â€Å"What is Addiction,† n.d.). There are more people struggling with abuse and addiction than people that have cancer, heart disease, or even cancer (â€Å"Addiction Prevalence,† n.d.). The abuse or addiction of alcohol, nicotine, or other drugs has affected the lives of over 40 million Americans, or more than one in seven people (â€Å"Addiction Prevalence,†Read MoreAddiction : Substance Abuse And Addiction1602 Words   |  7 Pagesgreatly by substance abuse and addiction. Not only does it hurt the abuser directly, but it also bec omes an enormous financial and social burden on society. Addiction wrecks families, and also highly correlates with poverty because the drug abuser ends up giving everything that they have to keep their addiction going. It also places extraordinarily high demands on the education, criminal justice, and social service systems. Children and babies both are dangerously impacted by the addiction of theirRead MoreBehavioral Addictions And Substance Abuse Addictions994 Words   |  4 PagesStatistical Manual of Mental Disorders, Fifth Edition (DSM-5) added gambling disorder to the category titled Substance-Related and Addictive Disorders. (The Diagnostic and Statistical Manual of Mental Disorders, 2013) In the previous edition of the DSM, gambling, along with other behavioral addictions were in the Impulse Control Disorders category of the DSM-III and DSM-IV (Clark, 2014). Behavioral Addictions are said to be around for hundreds of years. For example, gambling was part of daily life in ancientRead MoreSubstance Abuse And Addiction Counselor1393 Words   |  6 PagesSubstance Abuse and Addiction Counselor Substance abuse as well as addiction is a topic many people choose to ignore or tend to believe that it does not affect them. Addiction itself does not seek out certain types of people but can affect anyone, at any time, for any reason. Stress, per pressure, financial trouble, even genetics all play a role in substance abuse and addiction. Unlike others, I don’t see substance abusers as weak willed but instead in need of guidance and someone to talk to aboutRead MoreIllegal Substance Abuse And Addiction1196 Words   |  5 PagesIllegal substance abuse and addiction can have far-reaching negative impacts that affect not only the people who abuse drugs but also their friends, family members, the community, and government resources. Substance abuse can lead to domestic violence, child abuse, suicide, crime, automobile accidents, sexually transmitted diseases, HIV/AIDS, and unwanted pregnancy. A particular area of concern of drug use and abuse is the impact of methamphetamine (meth) labs on public safety and the environmentRead MoreThe Problem Of Substance Abuse And Addiction752 Words   |  4 Pagesresearching other uses for this substance until he learned its addictive qualities. Even after he stopped promoting cocaine publically and considered this simply a chapter in his life, his usage did not stop entirely as he continued to use for various expressed reasons. Even in the background of this very subject substance abuse and addiction can be seen whether through research for the greater good that went bad or just addiction in its simple state. Addiction is something that has been an issueRead MoreDrug Addiction And Substance Abuse1808 Words   |  8 PagesAn addict may ask why they are addicted, and others are not. What makes them different, that this disease has taken over their life? Addiction includes biological, psychological, and behavioral factors. It is very dangerous emotionally, psychologically, and physically. Drug addiction or substance abuse is an ongoing uncontrollable need to use drugs, despite the harmful or negative consequences it causes. The person depends on drugs to keep functioning normally as the natural chemical balanceRead MoreSubstance Addictions and Abuse Counseling3641 Words   |  15 Pages Substance Abuse and Addictions Counseling Bristina Strzelecki Liberty University Abstract Substance abuse and addictions counseling is a newer counseling field. Although it is fairly new, there is so much research and so many guidelines to help someone make it through as a substance abuse and addictions counselor. It holds a great importance and people should be aware of the severity of substance abuse and addiction. This field has severalRead MoreThe Addiction Epidemic Of Substance Abuse Essay1699 Words   |  7 PagesThe Addiction Epidemic The use of substances for physical, mind and social advantage has been around since the beginning of documented history. Contemporary use of prescription medication for these advantages has led to a national epidemic of substance abuse. Health care providers need to recognize the disease process of addiction in order to effectively combat the growing epidemic of substance use disorders (SUD). Strategies to decrease the prevalence and incidence of SUD include defining addictionRead MoreSubstance Abuse And Drug Addiction814 Words   |  4 PagesSubstance abuse and drug addiction affects people from all walks of life. Drugs are available to those who want to consume them. Even though there vast amounts of literature and other informative and preventive data, people still choose to abuse drugs. Unfortunately, most of them become addicts and find it very difficult to escape their addiction for the reason that underlying issues may be causing them to seek and use drugs. There exists a number of special populations that are identified and may

The Containment Of The Manhattan Project - 1298 Words

INTRODUCTION: It all began in 1939 when Franklin D. Roosevelt found out that the Nazis were funding money and were attempting to build some sort of nuclear weapons. Roosevelt knew if the Germans had gotten their hands on an Atomic Weapon, the war would be over quick. Who knows what could’ve happened next? As a result Roosevelt acted fastly but strategically by funding the U.S’s own experiment to build atomic weapons. The secret codename for this project was named the â€Å"Manhattan Project.† The Manhattan Project was run by the United States with the help of their allies, Canada, and the United Kingdom. The Manhattan Project was so large it employed over 130,000 people and costed roughly a little over $2 Billion. In today’s USD $2 Billion would be the equivalent of almost $26 Billion. Almost 90% of the overall money used on this project was used just towards building factories and the production of the Fission materials. This left only about 10% of the money which was used directly towards development and production of these atomic weapons. The Creation of the Atomic Bomb has led to Mass Destruction. 1st Body Paragraph: Subtopic: 1 The first true testing of the Atomic Bomb began on August 6, 1945 in Hiroshima, Japan. The Atomic Bomb was dropped by the Enola Gay which a was plane that was piloted by Colonel Paul W. Tibbets, Jr. The bomb was released from approximately 31,600 feet above Hiroshima. When the bomb made contact with the ground it immediately blew up, destroying aboutShow MoreRelatedThe Works Progress Administration ( Wpa )945 Words   |  4 Pageslead the United States to get involved in World War II. 1942: The Manhattan Project: The Manhattan Project was a military project that created the Unites States’ first atomic bomb. The project that was researched, put together, and tested was used as a threat to Japan so that they would surrender. The Japanese military refused to surrender causing the bombing of Hiroshima and Nagasaki. The significance of the Manhattan Project was that it allowed Japan surrendered on August 14, 1945 and eventuallyRead MoreUnited States Nuclear Program Essay1195 Words   |  5 PagesUnited States at this time† (The Manhattan Project Project 2017, para. 2). Both realized the significance of this discovery and that President Roosevelt needed to be warned immediately. While Roosevelt did not understand the need to start an atomic program, he agreed to slowly create one. In 1941, the American effort began and on May 12, 1942, President Roosevelt officially created the Manhattan project, the secret program to develop the atom bomb (The Manhattan P roject n.d.). â€Å"The atomic bomb had twoRead MoreThe War Of The Cold War1508 Words   |  7 Pagescould never be trusted. Truman quickly staked out a hard line position, determining to counter Stalin s unquenchable drive for power by blocking any further development of the Soviet scope of influence anywhere in the world. Under Truman, the containment of Communism soon came to dominate American foreign policy. So the cold war began. It is thought, nearly unanimously, that the Soviets started the Cold War. Josef Stalin was an evil dictator, forced by an evil Communist ideology to attempt worldRead MoreThe Cold War And The Soviet War845 Words   |  4 Pagesthreat of force; appeasement was a dirty word, as it would only lead to new demands. Thus Truman decided on a strategy known as containment, in which the Soviets would be prevented—militarily if necessary—from using force to export their ideology abroad. Containment would, in fact, remain the cornerstone of U.S. foreign policy for the next fifty years. Containment assumed many different forms. Under the Truman Doctrine the president pledged to defend free peoples everywhere through economicRead MoreTheu.s. Army Corps Of Engineers1566 Words   |  7 PagesDuring the early 1940s President Franklin D. Roosevelt commissioned â€Å"the Manhattan Engineer District, U.S. Army Corps of Engineers† to start the creation of the United States warti me atomic bombs (Findlay Hevly, 2011, p. XI). Dubbed the Manhattan Project, the area of Hanford, Washington became the new plutonium factory after the federal government acquired â€Å"670-square-mile reservation† (Findlay Hevly, 2011, p. XI). This reservation was made up of private land holdings, but became condemnedRead MoreAmerica, An Ever Changing World Superpower1504 Words   |  7 PagesAmerica, an Ever-Changing World Superpower America has been viewed in a wide variety of ways on the global stage. From the Progressive Era to containment, the view of the United States as a world power has changed dramatically. The country went through a large process of adopting an isolationist policy during the Progressive Era. This isolationist view was also present pre and post-World War I. After the bombing of Pearl Harbor, America took a bold stance and using its industrial power pushed itselfRead MoreDid World War II Make World War III Impossible?1030 Words   |  5 Pagesone had the power to destroy mankind. There would be wars unrestricted in terms of weapons used, territory, or combatants involved, but nothing that would lead to mutually assured destruction. However, after World War II and the efforts of the Manhattan Project, leaders in the modern world now hold nuclear weapons that encompass the power to blast humanity from the face of the earth. World leaders knew after World War II that if they were to pursue t he same actions made following World War I that mankindRead MoreThe Atomic Bomb : Manhattan Project1112 Words   |  5 PagesTopic: The Atomic Bomb: Manhattan Project What is it: The Manhattan Project was a research and development project that produced the first nuclear weapons during World War II. the manhattan project was the invention of the first two nuclear bombs, Fat man and little boy.These two bombs were dropped on japanese islands to end World War II. Math: The formula E=MC2 is responsible for the immense power of the Atomic Bomb. E = mc2, equation in German-born physicist Albert Einstein’s theory of specialRead MoreThe Atomic Bomb : Manhattan Project1331 Words   |  6 PagesTopic: The Atomic Bomb: Manhattan Project The Manhattan Project was a research and development project that produced the first nuclear weapons during World War II. The Manhattan project was the invention of the first two nuclear bombs, Fat man and little boy. These two bombs were dropped on Japanese islands to end World War II. Math The formula E=MC2 is responsible for the immense power of the Atomic Bomb. E = mc2, equation in German-born physicist Albert Einstein’s theoryRead MoreThe Atomic Bomb : Manhattan Project1331 Words   |  6 PagesTopic: The Atomic Bomb: Manhattan Project The Manhattan Project was a research and development project that produced the first nuclear weapons during World War II. The Manhattan project was the invention of the first two nuclear bombs, Fat man and little boy. These two bombs were dropped on Japanese islands to end World War II. Math The formula E=MC2 is responsible for the immense power of the Atomic Bomb. E = mc2, equation in German-born physicist Albert Einstein’s theory

Corporate Accounting Composition Wesfarmers Limited

Question: Discuss about the Corporate Accounting for Composition Wesfarmers Limited. Answer: Report 1) Board Composition Wesfarmers Limited i) There are eight non-executive independent directors in Wesfarmers. The Chairman of the company is observed to be independent in nature. The list of the names and then nature of the independence is shown below: Name Director Independence Michael Chaney Independent Richard Goyder Independent Terry Bowen Independent Paul Bassat Independent James Graham Non- Independent Tony Howarth Independent Wayne Osborn Independent Diane Smith-Gander Independent Vanessa Wallace Independent Jennifer Westacott Independent (Wesfarmers.com.au. 2016) ii) No the company does not have either dual CEO or Chairman iii) Wesfarms Limited has ten directors. The composition of the directors along with the positing held by them is shown below as follows: Number Name Position Held 1 Michael Chaney Non-executive Chairman 2 Richard Goyder Managing Director 3 Terry Bowen Finance Director 4 Paul Bassat Non-executive Director 5 James Graham Non- Independent 6 Tony Howarth Non-executive Director 7 Wayne Osborn Non-executive Director 8 Diane Smith-Gander Non-executive Director 9 Vanessa Wallace Non-executive Director 10 Jennifer Westacott Non-executive Director iv) Wesfarmers Ltd. holds annual general meeting twice during the month of June and November. The next annual, general meeting of the company is scheduled to be held on 10th November 2016 (Wesfarmers.com.au. 2016). v) The qualification of the directors along with the names is shown below as follows: Name Qualification Michael Chaney Bachelor of science and Master of Business Administration from University of Australia Richard Goyder Bachelor of commerce, University of Western Australia Terry Bowen Bachelor of Accountancy and fellow of CPA Australia Paul Bassat Bachelor of commerce, University of Melbourne James Graham Bachelor of Engineering with honors in Chemical Engineering, University of Sydney, also a Master of Business Administration, University of New South Wales, Fellow of the Australian Academy of Technological Sciences and Engineering Tony Howarth Fellow of the Financial Services Institute of Australasia Wayne Osborn Diploma specializing in electrical engineering from the Gordon Institute of Technology, a Master of Business Administration, Deakin University Diane Smith-Gander Bachelor of Economics degree obtained from the University of Western Australia and a Master of Business Administration degree from The University of Sydney Vanessa Wallace Bachelor of Commerce degree, The University of New South Wales and MBA from IMD Switzerland Jennifer Westacott Bachelor of Arts done from University of New South Wales and moreover she was a Scholar of Chevening from London School of Economics (Wesfarmers.com.au. 2016). vi), vii), viii) and ix) The experience of the directors, gender, committees and their work in the other boards have also been stated, are shown below as follows: Name Gender Experience Michael Chaney Male Worked for more than eight years as a petroleum geologist in Australia and USA, also served as a chairman at Woodside Petroleum Limited and National Australia Bank Richard Goyder Male Appointed as an chairman in Ausstralian B20. Worked at Tube makers of Australia Limited, Director at Gresham Partners Holdings Limited, commissioner at Australian Football League Terry Bowen Male Previous holdings in financial role in companies such as Tube makers of Australia Limited, CFO at Jetstar Airways and AWB Limited Paul Bassat Male Co-founder at SEEK Ltd., Square Peg Capital Pty Ltd., director at Peter MacCallum Cancer Foundation James Graham Male Previous positions held as directors in companies such as Rabobank Australia Limited, Advisory Council of The Institute for Neuroscience and Muscle Research, Rabobank Australia Limited and Rabobank New Zealand Limited Tony Howarth Male Experienced in then senior management position s in Challenge Bank Ltd., CEO at Hartleys Limited Wayne Osborn Male Director in several other companies such as Iluka Resources Limited, South32 Limited, Leighton Holdings, Alcoa of Australia Ltd. Chairman at Thiess Pty Ltd Diane Smith-Gander Female More than eleven years of experience in the field of banking executive, partner at McKinsey Company Vanessa Wallace Female Strategy management consultant for the past 30 years, director at several other companies such as Booz Company, AMP Limited and AMP Capital Holdings Limited Jennifer Westacott Female Board director and a leading partner at KPMG, she was a lead partner specializing in water practice, sustainability and climate change, Holding leadership roles in Victorian and NSW Governments. 2) The composition of the subsidiaries of the company is shown as follows: Subsidiaries Number of presence Australian subsidiaries (34) Bunnings Warehouse, Coles Supermarkets, Bi-Lo, Coles Express, Liquorland, Vintage Cellars, First Choice Liquor, Officeworks, Harris Technology, Kmart Australia Limited, Tyre Auto Service, Target Australia, Curragh Queensland Mining, Bengalla Mining Company Foreign subsidiaries Nil Australian associates Nil Foreign associates (1)Pick n Pay 3) Borrowing Cost of the company in the year 2015 is observed to be $ (283), the interest on the borrowing cost is 5.45%. 4) The audit report opinion of the company is done by Ernst Young, the audit committee was renamed after Audit and Risk Committee in December 2014. The balance date of the audit report is given as 30th June 2015 5) The total number of the employees of the company is 205,000. 6) The method of reporting the comprehensive income is based on the adoptions of AASB 9 (2013). 7) The financial well-being is seen in terms of the increase in the operating revenue of the company, which has increased from $ 60181 in the year 2014, and the $ 62447 in the year 2015. It has been further stated that the companys EBIT increased of $ 1672 to $ 1783 in the year 2014 to 2015. 2: Lease 1) As per the AASB guideline for operating leases under the Para 81 of the Recognition and measurement, an operating lease is termed as the lease anything other than the financial risk (Fatima 2016). Moreover, the unearned income from finance is the gross investment contributed in the asset and the net investment of the overall lease amount. Operating lease is termed as the financial agreement, which considers the values of the assets, which is lesser than the actual life of the useful equipment (Gross, Huston and Huston 2014). The consultant preferred operating lease to financial lease for the purpose of reduction in the administration expenses. Operating leases transfers only the right to use the property to the lessee. Hence, for improving the overall cash flow of the company it is necessary to consider the operating risk method. The operating cash is expected to be performing in better way as there is no operating lease expense involved. In case of the operating lease will furthe r provide the right to use the asset without ownership, hence the three will not be any transfer of ownership and the original owner of the item will remain the same (Aasb.gov.au. 2016). 2) The disadvantages related to entering into financial lease agreements under the operating standards stated in the year 2015 are: i) During the term of the lease, there is a possibility of the getting the assets damaged which makes the assets unfit for the use. ii) It is often observed that in several situations due to the excessive wear and tear of the assets, only a handful amount of revenue may be generated from the sale of the asset (Faisal and Elahi 2016). iii) In case of the financial leases the depreciation charged on the leased asset will not be available on the lessee of the designated company. It should be noted that financial lease will increase the debt (Vernimmen et al. 2014). Part B As per the new regulations of IFRS 16, the leases, which are considered, are either operating leases or financial leases. The leases and services of Oliver Ltd. will be considered under a single contract, the amounts relating to the services are not required to be addressed in the balance sheet. The increase in the lease assets and the finance, liabilities needs to be increased. The IAS 17 focused on the identification of the lease in an economic way only during purchasing of the asset. As per the classification to be done under the newer standards the leases are to be treated in a same way as per as per IAS17, but there will be a significant change in terms of the material off balance sheet under the leases. The key change will be observed in the financial metrics in form of the assets and liabilities (Ifrs.org. 2016). As per the annual report analysis of a Wesfarmers Limited, the operating leases and the different types of initial direct costs are considered under the straight-line basis over the term of lease. This method is as per the previous lessee accounting method as followed under IAS 17 (Csbp.com.au. 2016). This clearly states that Wesfarmers Limited shows the off-balance-sheet leases in the income statement of the company. It has been further stated that the operating lease payments are recognized as an expense in the income statement and the incentives related to these leases are considered as liability when received and realized (Pwc.se. 2016). As per the annual report, analysis of Fairfax media does not follow the straight-line method of charging lease, as the straight-line operating lease expense has been replaced by depreciation charge. It can be clearly observed that the company considers consideration of the depreciation amount while computing both operational and financial lease (Fairfax.ca. 2016). The newer requirement of the IFRS 16 for the lease requirements eliminate most of the of balance sheet accounting required for the lesees and moreover redefines the various types of metrics related to financial paradigm such as EBITDA and gearing ratio. Although the applied measures will account for better compatibility of the financial statements but at the same time it may affect the different types of covenants, borrowing cost, perception of stakeholders and the credit ratings. Moreover as per the newer standard, which is due to come into effect from 1st January 2019 may bring several shift in the lessor model of business offering and may account for the various behavioral lessees changes. It may also account for acceleration of market growth and put an augmented focus towards services rather than only physical assets (Accaglobal 2016). As per the annual report analysis of both Fairfax media and Wesfarmers Ltd the disclosure of the operating leases does not separately indicate the contract details due to the fact the present standard does not consider the dissimilarity in supply arrangement or services. If both the companies adhere to the new leasing policy then the leases will be recognized in the balance sheet. Moreover both the lessors and the lessees and maintain declaring separate lease components. In this way, the lessee will be able to take advantage of the use of asset either independently or in a combined fashion other resources, which are easily available to the lessee (Csbp.com.au. 2016). 3: Consolidations As per the rulings of IFRS 10 related to the consolidated financial statements, the requirements of the presentation and preparation of the statement required the entities to consolidate entities, which it monitors. As per the International accounting standards Board (IASB), the prime users considered for the preparation of consolidated financial statements are the capital markets. The non-controlling interest is considered as the action of equity ownership especially in a subsidiary, which has not been attributed to the parent company particularly, which has a controlling interest and is responsible for consolidation of financial result of the subsidiary. In case the non-controlling interest was classified as debt rather than in the equity section then it would mean that the company had less than 80% of the holdings or the other company is not directly under parent company. The rationale for which the standard setters have selected the equity classification as per AASB 10 due to the application of paragraphs B94 and B95 under non-controlling interest given in the guideline of AASB 10. As the company, Brookwater Ltd. is responsible for holding 80% share in the Golf Ltd. as per the rulings of the guideline in case a subsidiary owns outstanding community preference share under equity, which are further held as non-controlling interest. In such a case the entity should be computed based on the share of profit or loss after the adjustment of dividend amount, even if the dividend is not declared. Moreover as the entities are susceptible to changes as per the rulings of AASB 10 the amount held under the non-controlling interest should be adjusted with the carrying amount of the various types of non-controlling and controlling interest reflect relevant changes in the interest of the subsidiary (Aasb.gov.au. 2016) Reference List Aasb.gov.au. (2016). [online] Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB10_08-11_COMPsep14_01-14.pdf [Accessed 23 Sep. 2016]. Aasb.gov.au. (2016). [online] Available at: https://www.aasb.gov.au/admin/file/content105/c9/AASB139_07-04_FP_COMPdec12_01-13.pdf [Accessed 23 Sep. 2016]. Accaglobal, A. (2016). IFRS for SMEs | P2 Corporate reporting | ACCA Qualification | Students | ACCA | ACCA Global | ACCA Global. [online] Accaglobal.com. Available at: https://www.accaglobal.com/in/en/student/exam-support-resources/professional-exams-study-resources/p2/technical-articles/ifrs-for-smes.html [Accessed 23 Sep. 2016]. Csbp.com.au. (2016). [online] Available at: https://www.csbp.com.au/docs/default-source/reports-publications/annual-reports/2014-annual-report---wesfarmers.pdf?sfvrsn=10 [Accessed 23 Sep. 2016]. Fairfax.ca. (2016). Fairfax - Financials - Annual Reports . [online] Available at: https://www.fairfax.ca/financials/annual-reports/default.aspx [Accessed 23 Sep. 2016]. Faisal, M. and Elahi, F., 2016.Performance evaluation of lease financing as an instrument of financial market in Bangladesh(Doctoral dissertation, University of Dhaka). Fatima, M., 2016. Differences and similarities between Ijara and conventional operating lease contracts.Market Forces,1(4). Gross, A.D., Huston, G.R. and Huston, J.M., 2014. The path of lease resistance: How changes to lease accounting treatment may impact your business.Business Horizons,57(6), pp.759-765. Ifrs.org. (2016). [online] Available at: https://www.ifrs.org/Current-Projects/IASB-Projects/Leases/Documents/IFRS_16_project-summary.pdf [Accessed 23 Sep. 2016]. Pwc.se. (2016). [online] Available at: https://www.pwc.se/sv/pdf-reports/ifrs-16-the-leases-standard-is-changing-are-you-ready.pdf [Accessed 23 Sep. 2016]. Vernimmen, P., Quiry, P., Dallocchio, M., Le Fur, Y. and Salvi, A., 2014.Corporate finance: theory and practice. John Wiley Sons. Wesfarmers.com.au. (2016). Annual general meetings . [online] Available at: https://www.wesfarmers.com.au/investor-centre/your-shareholding/annual-general-meetings [Accessed 23 Sep. 2016]. Wesfarmers.com.au. (2016). Directors . [online] Available at: https://www.wesfarmers.com.au/who-we-are/directors [Accessed 23 Sep. 2016]. Wesfarmers.com.au. (2016). Richard Goyder AO . [online] Available at: https://www.wesfarmers.com.au/who-we-are/directors/profile/bod-richard-goyder-ao [Accessed 23 Sep. 2016].

Erics perfect society Essay Example For Students

Erics perfect society Essay ERICS VERY GOOD CITIZENSHIP ESSAYI have learned that I have the freedom to be who I am. I know that everyone else has freedoms and rights. I have the right to make decisions along with the rest of the world.We all have opinions that matter. We all can benefit society and ourselves. Everything else I have learned can help benefit myself. I personally have benefited from this course by learning that I can make a difference to every endeavour and challenge I pursue for the rest of my life. Civics is really a course on everyday life that I believe to be very important to society and myself. I have learned how to use my legal privileges with regard to rights during my everyday life. It gives me a sense of freedom and even though I am a teenager I know I have an opinion and an important position in society. There were times when I went places when there where adults and really was quiet because I didnt think what I had to say was important. I feel comfortable meeting with people who may be more knowledgeable and more experienced than I am. I have much more self-confidence than before I took this course because I know my rights. I am much more comfortable even with teachers thanks to you Mr. Harris. I know that when I am old enough and able to vote that my vote will be important. I know that my vote will mean something. I know that my vote will count. I can get involved in politics and assist with the important issues in life. I have confidence that I can make a difference and help others with their issues and concerns. I listen to others opinions with more interest. I also give my opinion with much more confidence and enthusiasm. For example, when my family is making a decision on something I am much more confidant putting my two cents in the conversation. I know that no matter how old or young we are we all have opinions that count. Freedom is a wonderful thing. We really are interesting individuals and all should be heard. When we where young and in public school we felt intimidated and sometimes suppressed when forming our opinions. I wish they taught civics and the rights of freedoms in public school. It really is important to know you have an opinion. We are very fortunate to have this course in high school. I think teenagers are very lucky in this decade. I dont think my parents were as fortunate as we were. The course has taught me how to make decisions and choices to help others and myself. I am much more reluctant to ask others for assistance with decisions. Making decisions is much easier. I can feel confident that whatever I decide will be okay because it is my choice. I know we all have to grow up some day but this course teaches us everyday skills for dealing with everyday life. Almost everyday something happens and we have to make a choice one way or the other. This course makes us stronger and more confident. Canada is a multicultural society and the civics course helps unit us better. We learned that no matter what culture everyone has rights. We are very lucky to have so many cultures because we can all learn from each other. With so many different cultures we are exposed to so many different ways of life. We really can help each other. Some people are still very bigoted and critical but the younger generation with their skills can change all of that. We can help everyone teach that everyone no matter what his or her background is that their word is important. We can unite and all band together. We can all help each other to make Canada a better place to live. .uc86cb31e8c6810dbb673bbb1341aa17c , .uc86cb31e8c6810dbb673bbb1341aa17c .postImageUrl , .uc86cb31e8c6810dbb673bbb1341aa17c .centered-text-area { min-height: 80px; position: relative; } .uc86cb31e8c6810dbb673bbb1341aa17c , .uc86cb31e8c6810dbb673bbb1341aa17c:hover , .uc86cb31e8c6810dbb673bbb1341aa17c:visited , .uc86cb31e8c6810dbb673bbb1341aa17c:active { border:0!important; } .uc86cb31e8c6810dbb673bbb1341aa17c .clearfix:after { content: ""; display: table; clear: both; } .uc86cb31e8c6810dbb673bbb1341aa17c { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uc86cb31e8c6810dbb673bbb1341aa17c:active , .uc86cb31e8c6810dbb673bbb1341aa17c:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uc86cb31e8c6810dbb673bbb1341aa17c .centered-text-area { width: 100%; position: relative ; } .uc86cb31e8c6810dbb673bbb1341aa17c .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uc86cb31e8c6810dbb673bbb1341aa17c .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uc86cb31e8c6810dbb673bbb1341aa17c .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uc86cb31e8c6810dbb673bbb1341aa17c:hover .ctaButton { background-color: #34495E!important; } .uc86cb31e8c6810dbb673bbb1341aa17c .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uc86cb31e8c6810dbb673bbb1341aa17c .uc86cb31e8c6810dbb673bbb1341aa17c-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uc86cb31e8c6810dbb673bbb1341aa17c:after { content: ""; display: block; clear: both; } READ: Macbeth Persuasive EssayMy everyday challenges and endeavours at this point in my life involve music. I am actively involved in a band. Our band has been very busy playing at many different places and in different styles. We have done the hard core rock and roll. We have also played acoustically. I am the youngest in the band but make lots of decisions regarding what is going to happen next. I welcome every opportunity to face every challenge. I am not easily intimidated and will pursue all of my dreams. I now have the ability to help not just myself with what I have learned but also the ability to help the rest of society. Civics is really a course on learning how to be individual and important. I feel very important. I know I can teach others because I am sure most people dont know their rights. I will help others learn them. I thoroughly enjoyed the opportunity to participate in this class and learn about our cultures and government.