An Economic Intrepration Of Th :: essays research papers fc

Financial matters is a lifestyle: The Lottery isn't A lottery is something that numerous individuals would be exceptionally eager to win. The vast majority think about an enormous money prize for winning a lottery. The idea of a huge number of dollars being granted in light of the fact that they picked your name is exceptionally energizing. As a rule, the chance of winning one of these incredible lotteries is extremely thin; you would have a superior possibility of being hit by lightning. Shirley Jackson expounds on a lottery that occurred in a little cultivating network comprising of a small 300 individuals. The likelihood of winning this lottery is acceptable; you would have a one of every 300 possibility of winning. The lottery is there to guarantee the season’s crops. In the event that you were “lucky'; enough to be picked, you would be yielded to the divine beings. This penance would include the townspeople guiding you towards the center of a circle and continuing to toss rocks at you til' the very end. Everyone appears to be content with the aftereffects of this yearly custom until they are picked for the stoning. Prior to the lottery, individuals are kidding and assembling like it was a gathering. Once the “lucky'; member has been picked their cries of bargain are let out and this has no impact on the current group. Being one of the stoners, you are reluctant to perceive the shouts of torment and the sights of blood. This penance guarantees the town’s financial achievement and their capacity to take care of the families. Yields are the lives of these families and on the off chance that they fizzle there may not be sufficient food to take care of this humble community. Â â â â â Murdering one individual a year to hypothetically spare the lives of 300 individuals doesn't appear that terrible. Sure the town’s individuals may follow this merciless custom indiscriminately, yet how are they to know whether the penance is really sparing their harvests or not? They keep on with their conventions since one awful year could clear out the entire town. This town is run on financial achievement and a convention that isn't to be broken. The capacity to follow barbarous customs with no regret for the harm that has been done has a kind of religion mindset. The financial prosperity for this town is significant, however is it sufficiently significant to follow a multi year old convention which, sensibly, doesn't enable the harvest to condition the slightest bit?

Fast Advancement in the Technological Field-Myassignmenthelp.Com

Question: How to the Fast Advancement in the Technological Field? Answer: Introducation: With the headway in the mechanical field, terms and states of an agreement are not really perused by the individuals who get influenced because of it (QC, 2015). Agreements are marked and receipts are acknowledged or a tick-box on online interface is checked without thinking about the understanding prerequisites. In the article distributed in the Guardian in 2011, it was accounted for that terms and conditions are perused uniquely by 7 percent of the British individuals when they pursue any items or administrations online(Smithers, 2011). It might be because of a general misguided judgment among individuals that all purchaser contracts have same terms and conditions (TC) and there is no effect of these TCs on the people. The explanation for this was seen as the exhausting and long terms states of the agreement. Moreover, the agreements that are commonly marked without understanding the terms and conditions are well on the way to happen between the outsized organizations and explicit purchasers (Menon, 2016). It may likewise be bantered to be thought about through check boxes the sites from where the items have been bought that terms are non transferable and firm since dealings had not been performed with an individual in genuine. The law really comprehends this circumstance of the customers in custom-based law just as in act (Woan, et al., 2015). According to the general law, the marking of the agreement determines that the gatherings are consented to the terms and conditions which are remembered for the agreement (Consult Australia, 2017; Wiley, 2017; Australian Contract Law, 2016). After the turn of events and progress in the field of innovation, nearby just as worldwide commercialization experienced immense extension and with numerous business exchanges, the prerequisite for lawful sureness expanded especially for the exchanges the nation over. To empower the online development of agreements, a far reaching law may be required which could affirm the arrangement of the agreement through electronic methods. In any case, web based business law doesn't require guidelines and codes and there is no particular controller basic and accessible in a large portion of the wards. All the gatherings to the agreement are required to have the limit and capacity to go into online agreements as per the law and doesn't require any enlistment or to get specific accreditation. The general court framework gives proper implementation and appropriate audit of the arrangement of agreements on the web. Be that as it may, the courts require certain progressions to the principles and str ategies in regards to the confirmation of proof affirmation and disclosure techniques. Locale for the most part subjects as far as possible and that is the reason; its application to the web becomes sketchy when there probably won't be any regional outskirts and physical nearness in the gathering. Therefore, the intercession of Parliament and court would be the most suitable approach to manage the use of agreement law to the online exchanges. The topic of locale despite everything emerges for online exchanges which can be isolated into two sections for example the relevant law under which online exchange related contest are required to be chosen and the area of the gathering, in which, the court is required to think about the question. The event of a debate between the individuals who are agreeable to purview being in the locale of the shopper and the individuals who favor of being in the district where the business is arranged has become an issue of contention. Various nations bols ter various tests for example some incline toward business area while some lean toward customer living arrangement. In issues of web based business purview, laws of the nation don't assume a noteworthy job as such however open worldwide law and universal and provincial understandings and different understandings with respect to arrangements on a global level assume a critical job. For this reason, guidelines and codes are additionally not required. Internet business or online exchange related lawful exercises don't require explicit controller and there is no accessibility of national or universal controller that could assume a noteworthy job in the viewpoints identified with web based business law. There are sure universal gauges that have just been produced for the arrangement of purview in gets that are being made on the web. One such standard is the International Chamber of Commerce that has pitched model provisions to be remembered for e-business contracts which end up being useful in advancing the accepted procedures and improving consistency in web based business exchanges. The critical job of courts is in upholding and with the end goal of survey of the appropriate ward if there should arise an occurrence of questions in regards to online exchange or internet business. Without worldwide and provincial understandings and settlements, it turns into the duty of the court to choose the locale of online business exchanges. Besides, the legitimate foundation which is exceptionally huge for global law requires viable execution of laws which are encircled by the Parliament of the nation itself. That is the reason; there is a necessity of powerful enactment made by the Parliament and the courts to manage that the laws be executed by the nationals of the nation. In the event of online business exchanges, the gatherings to the agreement never meet each other which make clear trust issues among them and furthermore make it hard to guarantee that the gatherings would act legitimately and the exchange would be considered as lawful. In nearness of inconsistent bartering power between the gatherings to the agreement, specific concern identified with such debates emerges. Online agreements are basic since it assumes a huge job in internet business by indicating the terms and conditions which oversee the exchanges. Along these lines, there is a necessity of a particular assortment of law so as to guarantee conviction in web based business and internet contracting process. For instance in Australia, Electronic Transaction Act 1999 has set up that electronic correspondence is admissible for the agreement development reason without understanding (Galexia, 2017). In Canada likewise, in electronic exchanges as the trading of offer and acknowledgment by the gatherings can't be resolved, in such circumstances, the agreement is said to have finished when affirmation of acknowledgment of the offer is conveyed to the offertory. The execution of the law of agreement to the online exchanges is sensible adopting into thought this strategy of the legislature of various states. The UCTA was likewise presented by the Parliament so as to control the coordination and judiciousness of the prohibition provisions in the agreements and its specialists permit courts to express certain rejection statements incapably (Erdle, 2001). Parliament has required fortifying the courts capacity to review handy shamefulness predominantly purchaser contracts (Queen Mary Law Journal, 2013). In this way, it tends to be inferred that the activity taken by the Parliament and courts of different countries during the time spent execution of agreement law to the online exchanges would be suitable. Realities Clover has been worried because of her weight that is the reason her significant other Darren skilled her a pristine Pro Row machine. Clover turned out to be eager to such an extent that she chose to quickly attempt her new paddling machine. She read the Instruction Manuel cautiously and utilized the paddling machine according to the guidance. Despite the fact that, as a result of some imperfection in the rower, the link got separated on the machine because of which Clover trip off the rear of the paddling machine on the divider despite and fell seriously on her good faith because of which she endured broken tailbone and extreme wounds on her lower back. Due to the wounds, Cloverslower back must be operated.She was hospitalized for next barely any months. After the activity likewise, she will require a mobile stick for rest of her life. Also, she won't have the option to lift or move without torment. Likewise as a result of this injury, she has would not have the option to proceed wi th her activity as a medical caretaker. Days passed by, because of diminishing deals, ElecPar announced in various neighborhood and local papers with respect to the Pro Row available to be purchased at a markdown cost. The organization likewise advanced that it had restricted supply of Rowers at its stores and would be not able to asset the hardware in any kind of sensible amount. Issues a) Will Clover be fruitful in a case for repayment of cost acquired because of her wounds and if so from whom would she make the case. b) Is there a chance of any move that could be made against ElecPar for the presentations which have been made with respect to the utilizations and preferences of the Pro Row c) Is there a penetrate or mocking of the ACL for deluding guarantee made in notices that they have none or constrained stock. Pertinent laws Clover has gone into an authoritative relationship with the Gym G retailer and maker Elec Par Pty Ltd. As the organization in Australia gathered the electronic rower under the brand name Pro Row with the parts imported from outside the nation (AustLII, 2017). There are scarcely any fundamental prerequisites for an agreement to be legitimate in Australia. There must be a finished up understanding between the gatherings which ought to include the acknowledgment of an offer. The gatherings to the agreement are required to have the goal to have the lawfully official understanding. Segment 3 of ACL considers client as a person who acquires products or administrations for individual, nearby or household utilization or with the end goal of utilization that is estimated beneath or above $40,000. In this way, Clover will be considered as a buyer under the shopper law of Australia. Upper leg tendon arrangements with the customer securities which are appropriate by and large to make expansive gauges of direct in exchange or trade. As indicated by Section 55, merchandise are required to be sanely reasonable for an assurance that a shopper

6 Fresh Ways to Find Your Passion

6 Fresh Ways to Find Your Passion “I have to face life with a newly found passion. I must rediscover the irresistible will to learn, to live and to love.”The above quote by Andrea Bocelli beautifully signifies the importance of finding your passion. According to some of the most successful people in the world, passion is what motivates you to pursue your dreams and succeed in life. However, finding what you actually love to do is the hardest nut to crack.There are many reasons why you cannot find your passion. You may not be very serious about your life. Perhaps, you have too many choices but you are not obsessed with any of them. Sometimes, your passion might be right before your eyes but you are so consumed by trivial matters that you are unable to see it.The world is evolving rapidly, making it necessary for everyone to find his passion. Gone are the days when mediocrity was acceptable. Nowadays, you need to have pizzas, personality and passion no matter whatever you do.You can no longer confine yourself to yo ur comfort zone and still hope to enjoy the life. This approach simply doesn’t work anymore.Soon the time will come when you will not be able to hold any position or find any kind of success in your life if you don’t discover your passion. Be it a sophisticated job or simplest of things you want to enjoy, it is necessary for you to discover your passion before the time runs out. Here is how you can accomplish this important mission and change your life for good. WHAT IS LIFE WITHOUT PASSION?Before you actually try to unlock your passion, you must also realize what your life truly is if you don’t have any passion. There is a common saying that a life without passion is not a life at all. If you don’t have any purpose in life then you will simply fail to dream.As a result, you will deprive yourself of all the reasons and energy necessary to live a life your dream of. It is the passion which helps you organize and sustain your efforts. It is the passion which makes you dream. As a fact of matter, you aren’t actually living if you don’t follow any passion or don’t strive to find one.The lack of passion is your greatest enemy when it comes to your personal and professional development as well. Without any passion, you are not going to achieve your lofty goals. Without passion, you are not going to give up your bad habits. Without passion, your career will not take off. Without passion, you will simply live your days without doing anything special for yourself, your family and your loved ones.In simple words, your life is meaningless without passion. Passion entices you to work hard and prove your naysayers wrong. It is your purpose in life, your ultimate goals and your passion which drive you to attain the impossible. If you don’t have any purpose, you will just be another mediocre human being, nothing more. If you don’t have passion, you are not going to make any effort at all and your life will go to ruins. WHY SOME PEOPLE CAN’T FIND THEIR PASSION?Different people interpret passion differently. To some, it is finding their dream job while for others, it is doing some fulfilling volunteer work or following an entertaining hobby. Yet, there are some which follow their passion to power a totally different life than they are actually living. Regardless of the definition, some people simply can’t discover their passion at all and following lines explain why. They Never TryFirst and foremost, these people never try to change their circumstances and move towards a more fulfilling life. Therefore, there is no point of having any passion, let alone striving for it.To these people, passion is not a worthy goal to attain or a dream to pursue. These people are content with their current lifestyle even if they are not happy about it.Passion is too Unrealistic for themSome people simply consider passion as an utter waste of time and too indulgent. Perhaps these people are more concerned about general seriousness in life.They care more about a general sense of responsibility, power and money. They don’t actually want to introduce purpose and happiness in their life.They Live a Busy LifeSome people are so busy that they don’t want to add further stress to their life. The y don’t have time to do something different because their life is already too cluttered, complicated and busy. They don’t give a dime about passion that can actually bring balance and happiness to their otherwise sorry lives.They Want to Feel PassionThese are the people who want to feel passion without doing anything. You need to remember that feelings are an outcome of experiences and passion is no different. In simple words, you cannot be passionate about anything if you don’t practically or physically experience it.For instance, you cannot like any actor without watching any of his movies. You cannot be passionate about painting if you have never drawn anything in your life.They Lack CreativityPeople who manage to find their passion are mostly creative. They create different sort of things such as a job for themselves, career opportunities for others, a piece of art for public or simple a community group to serve underprivileged.On the other hand, people who are still searc hing for passion lack the creative spark. They can’t think out of box and bring some uniqueness and interest in their life.HOW TO DEVELOP PASSION IF YOU DON’T HAVE ANY?You are not alone in the world if you are still in the process of discovering you passion. Similarly, you are not the only one who thinks he does not have any passion.All the human beings in this world have some purpose to serve. All of us have some sort of passion or talent. Some people manage to find it early in their life while others linger on and on. In this regard, following are some tips that can help you discover you passion at the earliest. Indulge in Activities that Make You HappyYou should immerse in activities and do things which bring you joy. Start with only one thing you are most happy to do and give yourself enough time to get the results.For instance, spend some time roaming around your city or country if you love to travel. Whatever you do, you will ultimately find out about other things you are actually passionate about.Ask for Help and SuggestionsYou can put your quest for your passion on the right track by asking for suggestions and help. In this regard, members of your family, friends and colleagues are in the best position to advise you about what you need to do in your life.They actually know too much about you and the areas you are good at. They can help you see things that you can’t see at your own. Their suggestions can be very valuable and can greatly help you discover your real purpose in life.Focus on Your Ultimate GoalsIt is necessary for you to keep your ultimate goal in mind. You need to focus on things you actually want to happen. Similarly, keep your goals and objectives flexible. There is no need to be logical while pursuing your passion.If you are unable to attain a certain goal, think about what else is possible. Go after everything that excites you and may become your next interest. This particular approach will enable you to clear all the hindrances and get pass everything that is standing between you and your passion.Follow Your CuriositiesIf you want your life to have some purpose, you must follow your curiosities. Curiosity is something which enables someone to learn more about things which are not quite obvious to him. These may be your less obvious interests or something you never have experienced in your life before.Following your curiosity is also important because it encourages you to nurture your interests, motivations and passions which separate you from the rest. Being curious means you are on the path of uncovering who you really are and what you want to achieve in the long run.Things You are Jealous about Other PeoplePeople around you must do certain things which are really annoying to you. There could be many reasons behind that annoyance and you need to recognize them. Perhaps you want to do those things yourself.Similarly, you want be where other people are in their life and career. Follow these people closely a nd figure out how they do things you so desperately want to do. Finally, try to copy them and you might be able to unlock your passion someday.Keep Trying New ThingsYou must not stick to one or two activities but keep on trying different things. You will actually be surprised to learn how good you are at so many things. But â€" you will never know if you don’t experiment with your life.You need to build courage to deviate from monotonous routine and do something new, something extraordinary. Keep yourself reminding that you are a tough character with excellent abilities to learn, develop and grow.SIX FRESH WAYS TO FIND YOUR PASSIONWhether you realize it or not, you have come to this world to serve a noble purpose and it is about time you find it. Once you realize that you do have a purpose; nothing will be able to stop you. However, before you become totally unstoppable and invincible, you need to understand what you are getting into. You have to find your passion before you can f ollow it.If you have no idea what to do, following are six fresh ways to learn which path you and your life can take. Take all the time in the world to ponder over these tips. Always remember that if you remain persistent, you will ultimately get to where you want to be no matter what happens. Recall Things You Love to do when You were a ChildIf you are not exactly sure where to start, you need not to worry. There are many things you can think about such as the things you love to do when you were just a kid. Children take interest in different things ranging from toys to cartoons, sports, study, reading books, playing with blocks and even traveling. You need to recall things that excited you the most in your childhood. Furthermore, try to determine which one of those activities you still enjoy.There is definitely something in your past you are still obsessed with. You can possibly translate that obsession into your passion. Experiment with different things and you are guaranteed to succeed.Start Right from the BottomIf you are still struggling to find your passion or purpose, it is time to totally reset your life. You need to start right from the bottom and gradually move upward with the passage of time. You need to start over and clear your mind of clutter, negative thoughts and everything which isn’t allowing you to embark on a journey of self-discovery and realization. You need to remember that it is a long and perilous journey which takes time, courage and determination to complete.You can take all the help from people and experiences that have already affected your life and have the capacity to affect it in the future. Make a list of all the people you have met, places you have visited and events that have occurred in your life. Similarly, recall all of your achievements and failures and use them as a lesson. Write down how they affected your life and how you can learn from them to discover your passion and life’s goal.Have Belief in Your AbilitiesIf you don’t believe in yourself and the notion that you can actually attain your life goal, you are never going to attain your life goal. If you want to achieve anything in your life, you need to have stern belief that it is possible. If you want to live your passion, you need to cultivate belief and there are many ways to accomplish this mini mission.Try to reinforce your abilities by reading motivational books, texts and messages. Similarly, remain in the company of people who encourage you to go after your dreams. Visualize things that excite you and you actually feel happy doing them. All these things will further strengthen your beliefs and help you connect with your passion.Find InspirationYou may have some idea about what you want to do with your life but you are too afraid to venture into something new and unknown. On the other hand, you might have a clear idea about your life’s goal such as becoming an actor or a writer but it is really hard to get into it.Similarly, you might be making too big a switch such as from being a housewife to an adventurer who wants to travel around the world. You need to actually find inspiration from somewhere to set aside all your fears and develop the confidence to build a life you love to live.There is nothing wrong in saying that finding inspiration is absolutely necessary when it comes to unlocking your true potential and passion. It is also a fact that not many of your friends and members of family don’t really live their passion.Therefore, you need to expand your circle and find people who actually do follow their passion. Associate yourself with people who are a bright example in their respective fields and try to follow their footsteps.Don’t Let Your Fears Overwhelm YouYou must not let your fears overwhelm you when you are questing for your passion. If fear manages to dominate you during your journey, you will never be able to learn about what you are most happy about and what you are capable of. Thomas Jef ferson once said:“Do you want to know who you are? Dont ask. Act! Action will delineate and define you.”However, you cannot really act if you don’t let go your fears. It is always sensible to think about fears like vulnerability, visibility, success and failure. These fears instruct us to play safe and avoid doing things with uncertain outcomes.But â€" you will never be able to grasp your passion if you pay heed to these fears and voices. On the other hand, give yourself a chance to succeed by leaping into the oblivion where nothing is certain. Unless you try, you will never learn what you can achieve in your life.Don’t Follow the Dreams of OthersThis might sound harsh but this is the approach you need to adopt if you want to discover your own passion and purpose in this world. In simple words, do not always try to please your parents, friends, relatives and colleagues.As Robert Ballard once said, “Follow your own passionâ€"not your parents’, not your teachers’â€"yours .”You have to follow Robert Ballard if you wish to live your own dreams. Sometimes, fulfilling other’s desires and wishes can take heavy toll on your life and also the career. Therefore, don’t do things which they want to do. Do things which come easily to you and you are most passionate about.As you are an independent, confident and mature person, you don’t need anybody’s approval by doing things that you actually hate to do. Try to find out activities and things which are intrinsically motivating for you. This will allow you to live a life which is not only satisfying for you but thoroughly enjoyable as well. You also need to handle your doubts and dismissals even before your attempt to embark on your new journey.CONCLUSIONDifferent people take different paths to find their passions. These paths are as different and varied as the people themselves. The process which has led someone to his passion might yield totally different results for you.However, anything can tick fo r you and help you unlock your passion. You just need to be persistent and determined and doors will keep on opening for you.

Greek Myths And Its Impact On American Culture - 1155 Words

Greek myths are stories that explain the meaning of life and teach moral lessons through the values of heroes, gods and mortals. In Ancient Greece, myths were an important part of the culture, first being told orally and in poems, then seen in architecture and theatre. Homer, the Greek poet, wrote epic poems such as the Iliad and the Odyssey, which are still revered and read extensively today. Greek myths have carried over to contemporary American culture, appearing in movies, children’s toys, clothing and books and the values of Greek myths are entrenched in today’s society. Notably, heroism is a prominent value that plays a major role in Greek mythology and continues to influence American culture today, as heroes inspire society with their nobility, bravery and patriotism. Heroism is an important value in Greek mythology and is seen in Greek heroes, including Hercules, Achilles, Odysseus and many more. Heroism is defined as the attributes of a hero, consisting of brav ery, compassion, cunning and strength. In Greek mythology, there are countless battles in which these qualities are prevalent. Hercules uses his strength to strangle the Nemean Lion, Jason shows his bravery while retrieving the Golden Fleece from the distant land of Colchis, and Theseus uses cunning when making his way through the labyrinth and killing the Minotaur. In the story of Perseus, King Polydectes sends Perseus on a dangerous mission to bring him the head of Medusa. Athena guides Perseus to theShow MoreRelatedHercules in Popular Culture1719 Words   |  7 PagesI chose to explore and analyze instances of the great Greek/Roman hero, Heracles (Hercules), appearing in popular culture and the effect his myths had on early civilizations. Considered by most to be the greatest of the Greek folk heroes, Hercules was the embodiment of masculinity and physical power. The word â€Å"herculean† literally translates into â€Å"having enormous strength, courage, or size† ( dictionary.com.) Since their inception, the myths and legends of Hercules have been immensely popular andRead MoreThe Deception of Exile Essay example1516 Words   |  7 Pagesbasis of many myths and stories revolve around the Hero, who through his actions determines the outcome and reception of the myth, therefore playing a very important role. Not as clearly recognized, exile plays a significant part in the shaping of a hero, which in turn affects the myth entirely. In various myths different patterns of exile can be discovered which affect the character positively or negatively. Exile is used as a tactic to change the way an audience perceives the myth. Exile can beRead MoreMyth And The Old West1019 Words   |  5 PagesMyths have existed in the world for thousands of years. They’ve become an important part of history and have strongly influenced society, especially in the United States. Myths have impacted history in both positive and negative ways. One particular exam ple of the myth in American culture is the Old West. This myth of the West became extremely popular, not only in the United States, but also throughout the world. People typically think of Greek mythology and characters like Hermes and PoseidonRead MoreEssay Language is Power—Sexist Patriarchal Power1741 Words   |  7 Pagesâ€Å"Language is power, life and the instrument of culture, the instrument of domination and liberation†- Angela Carter Language affects every aspect of our life, but we rarely question it; if we examine the words we use and the way we use them, we find a sexist patriarchal myth passed down from the ancient Greeks. Their leaders used the art of language to create a dichotomy between men and women, in order to retain power (Lecture Notes 2 Dec. 2011). For example, the two words we use to describe genderRead MoreCultural Context Of The Temple Of Athena1745 Words   |  7 PagesDiscuss the influence of culture to a classic building Liujingya 2016-4-21 6714415 â€Æ' Contents ï  ¬ Introduction ï  ¬ Main body 1. Establishment of the temple 2. Related politics and art 3. Culture development ï  ¬ Conclusion Cultural influence of the temple of Hera It is very clear that ancient buildings can be a part of the evidence to show what happed in the history. As a part of ancient culture, architectural languages have the significant vale in both culture and construction. The templeRead MoreWhat Ways Does Cultural Racism Manifest Itself?1651 Words   |  7 Pageshistory books; such as Roman Empire, Greek Empire etc. This form of racism manifest itself in several ways. Certain cultures self-proclaimed superior to orders and they use that self-given authority to rule over smaller, weaker cultural identity. Certain views expressed of the Muslin culture in recent years can be viewed as a similar form of cultural racism. 31-35) In what ways does institutional racism affect the status and standing of minorities in American society? Be specific. R - InstitutionalRead MoreI Have Been Dancing For 11 Years877 Words   |  4 Pagesthe history of dance we must look at what it means to us in our everyday lives and how it has impacted us. All it takes is one idea to start something amazing. The idea of dance when it first became noticed was with the Greeks. Think of dance now. Now think of a bunch of Choro Greeks from theater, dancing in a circle for the Gods. Can you believe dance was so simple during 600 BC? Dance today involves a lot of technique, flexibility, and skill. The technique part of dance is pointing toes, straightRead MoreHow Cahokia Is The Most Influential Cities1028 Words   |  5 PagesCahokia is arguably one of the most influential cities in its time. Although there is little known about Cahokia, aspects of their culture (like games, artifacts, and religious aspects) can be found throughout the Americas. If so much of the area had not been bulldozed before being excavated, we may have known more about the area. Cahokia had such an impact during its time, traces of Cahokia can be found in other communities such as the Osage, Pawnee, and many more. 1. Cahokia made its huge markRead MoreAltered-States-of-Consciouness (ASC): The Causes and the Impact on Society2155 Words   |  9 PagesReligion is fraught with stories and myths of otherworldly journeys. There are a variety of reasons; however, the two main ones one may notice are humans’ innate pattern recognition, and our necessity to define and understand the world in which we live. These otherworldly excursions, out-of-body-experiences OBEs, near-death-experiences NDEs, and altered-states-of-consciousness ASCs are side effects of trauma rather than real experiences. In this paper ASC will be the basic reference unless otherwiseRead MoreMythology : Mythology Of The Fierce Amazons2071 Words   |  9 Pagesthat exist in most cultures. Tails of women war goddesses, heroes, and mythological figures flourish on university databases. However, even though these resources exist in mass quantity does not mean that they contain quality. In more precise terms, they seem to lack s ubstance. Anyone can write an essay about the mythological women of a culture and how that projection lead to the creation of certain archetypes within that culture. But how did that mythology impact the culture? How did it influence

During the Gilded Age (1876-1900), Were the Presidents...

The Gilded Age will be remembered for the accomplishments of thousands of American thinkers, inventors, entrepreneurs, writers, and promoters of social justice. The Gilded Age and the first years of the twentieth century were a time of great social change and economic growth in the United States. Roughly spanning the years between Reconstruction and the dawn of the new century, the Gilded Age saw rapid industrialization, urbanization, the construction of great transcontinental railroads, innovations in science and technology, and the rise of big business. Afterward, the first years of the new century that followed were dominated by progressivism, a forward-looking political movement that attempted to redress some of the ills that had†¦show more content†¦Mechanization and marketing were the keys to success in this age: companies that could mass-produce products and convince people to buy them accumulated enormous amounts of wealth, while companies that could not were forced out of business by brutal competition. Railroads were the linchpin in the new industrialized economy. The railroad industry enabled raw materials, finished products, food, and people to travel cross-country in a matter of days, as opposed to the months or years that it took just prior to the Civil War. By the end of the war, the United States boasted some 35,000 miles of track, mostly in the industrialized North. By the turn of the century, that number had jumped to almost 200,000 miles, linking the North, South, and West. With these railroads making travel easier, millions of rural Americans flocked to the cities, and by 1900, nearly 40 percent of the population lived in urban areas. By the twentieth century, the rise of big business and the large migration of Americans from the countryside to the cities caused a shift in political awareness, as elected officials saw the need to address the growing economic and social problems that developed along with the urban boom. Progressives believed that the government needed to take a strong, proactive role in the economy, regulating big business, immigration, and urbanShow MoreRelatedEssay about History: World War I and Bold Experiments7600 Words   |  31 Pages1918 –1929 Part 5 Essential Questions After studying the chapters in Part 5, you should know how to answer the following questions: 1. Why and how did American society industrialize during the late nineteenth century? 2. What were the causes and consequences of urbanization? 3. How did political change and progressive reform gain momentum after 1900? 4. How did the United States emerge as a world power by 1918? 5. What tensions between the old and new existed in the 1920s? The 1920 Census

Compare and Contrast the Marketing Strategies of Li Ning Free Essays

English Language Centre Cover Sheet | Draft| X| Course Work Submission| Put an X in the box to show whether this is a draft or a credit-bearing coursework assignment Full Name (in pinyin)| | Yinqin Wang| English Name (optional)| | | ID Number| 1101133| Class (e. g. Y2_EEE_A1)| Y2_BAD_A2| Programme| Business Administration| Module Code| EAP105| Assignment Title| Compare and contrast the marketing strategies of Li Ning domestically and internationally| Submission Deadline| 22 October 2012 before 20:00| EAP Tutor’s Name| Jacqueline Banki| Final Word Count| 1057| I certify that: * I have read and understood the University’s definitions of COLLUSION and PLAGIARISM (available on p. We will write a custom essay sample on Compare and Contrast the Marketing Strategies of Li Ning or any similar topic only for you Order Now 31 of the current Academic Student Handbook of Xi’an Jiaotong-Liverpool University and in the 2011 ELC Student Handbook Appendix 2, 4, and 5). With reference to these definitions, I certify that: * I have not colluded with any other student in the preparation and production of this work; * this document has been written solely by me and in my own words except where I have clearly indicated and acknowledged that I have quoted or used figures from published or unpublished sources (including the web); * where appropriate, I have provided an honest statement of the contributions made to my work by other people including technical and other support staff. I understand that unauthorised collusion and the incorporation of material from other works without acknowledgement (plagiarism) are serious disciplinary offences. By uploading my assignment onto ICE, I formally declare that all the above statements are true. Scoring – For Teachers Use (teachers may change descriptor labels below as needed)| Marker| Initials| C| O| G| V| R| Final Mark| First – red pen| | | | | | | | Second – green pen| | | | | | | | Third (if needed)| | | | | | | | For Academic Office Use| Other Penalties| Date Received| Days Late| Late Penalty| Marker Initials| Format (Y/N)| Plagiarism Code| Collusion Code| | | | 1. | | | | | | | 2. | | | | Compare and contrast the marketing strategies of Li Ning domestically and internationally With Chinese economy developing rapidly recent years and the huge success of 2008 Beijing Olympics, Chinese sportswear market has emerged a blooming scene. Not only the mighty foreign brands such as Nike and Adidas win the favor of Chinese people, which took 10. 5% and 7. % of mainland sportswear transactions respectively in 2011, the domestic brands such as Li Ning and Anta also occupy large market share (China Daily, 2012). Li Ning, the Chinese domestic sportswear brand which bears the name of renowned Chinese gymnastic athlete Li Ning, acts a leading role in Chinese sportswear market. Only secondly to Adidas, Li Ning possesses 7. 2% market share and keeps expanding (China Daily, 2012). Not satisfied with its immense domestic achievement, Li Ning strives for more enormous stage and switches its target to international market since 2011. Notably, on the one hand, the domestic marketing strategies of Li Ning, such as opening and streamlining numerous retail stores, are somehow quite different from the international strategies like using e-commerce approach. On the other hand, the strategies domestically and internationally also share several similarities like attaching importance to branding. The emphasis of this essay is to compare and contrasts the domestic and international marketing strategies of Li Ning. Although to some extent few of these strategies are alike, Li Ning has largely followed diverse approaches domestically and internationally. To begin with, there are some similarities between the market strategies of Li Ning domestically and internationally, such as investing more in branding to cultivate its long-term competitiveness. Specifically, both domestic and international strategies take steps to sponsor famed athletes or sports team to advertise the high quality and advanced functionality of its products, which aims to make people hold a favorable impression of Li Ning. For instance, in 2012 London Olympics, various overseas medal candidates like Spain’s basketball team were signed with Li Ning (Brandchannel, 2012). Also, Li Ning grasped Chinese top gold medal forecasts in multifarious sports events like ping pong and badminton, which includes Lin Dan and Wu Mingxia who enjoy the high popularity among Chinese people (Brandchannel, 2012). Especially, the athletes who are sponsored by Li Ning are inspired to publicize Li Ning not only by wearing its products. For example, immediately after Lin Dan won the gold though the spectacular final game, the logo of Li Ning at the jersey of Lin was tugged to display a gesture of appreciations, which makes the effect of advertising cracking (Brandchannel, 2012). Furthermore, domestic strategies are also similar to international strategies in targeting young generations. Domestically, Li Ning replaced old logo and slogan to make the brand more abut to the generation born after 1990s as well as establishes new â€Å"sixth-generation stores† which attracting young clients (China Daily, 2011). World widely, Li Ning also focuses on young people because they are unbiased to Chinese brands, accustomed to shopping online and generally spend so much time surfing the Internet, which opportunely corresponds to the e-commerce strategy of Li Ning (Ad Age, 2011). Although the domestic and international strategies share some similarities, they nevertheless employ fundamentally different approaches in a number of key areas, such as using different channels to sell products. In other words, the strategies domestically direct to sell inventories mainly in solid shops, whereas the international strategies prefer using e-commerce, event marketing and digital media. In detail, numerous retail shops spread all over China are owned by Li Ning. Also, confronted the cooling Chinese economy in recent times, in order to raise the efficiency of entity sales, the company adopts measures that streamlining the network of the retail stores and entering lower tiers cities to speed eliminating premium brands by merger and acquisition(China Daily, 2012). When it turns to worldwide, to shun retail channels, Li Ning established its appropriative e-commerce sites as the only passageway to its products and released a delicate teaser video heavily on its Facebook page and twitter account (Voight, 2012). Also, microsites and events are relied to induce online buzz (Voight, 2012). In addition, the domestic and international strategies are dissimilar in the slogan and the images they are intended to shape. Domestically, Li Ning created a new slogan â€Å"make the change† to indicate that greatness is not undying, only changes can be perpetual, which not only nettles the slogan of Nike â€Å"Live through your greatness†, but also remodels the impression of Chinese people on Li Ning as a more high-end brand (Brandchannel, 2012). Internationally, the slogan â€Å"straight out of new China† demonstrates that its products leverage its rich Chinese culture and are diverse from the cheap, rough made-in-China goods as old perception considered (Voight, 2012). Furthermore, with regards to new marketing segments need to be expanded, Li Ning focus on Children garment domestically while women market segment internationally. Cooperated with local children garment firm Paclantic to design more attractive children sports and leisure clothing, the clothes could be sold in the franchised stores and affiliated shops of Li Ning in China (Wang, 2012). Nevertheless, the market segment of women who do not need intramuscular figures and desire equal positions with men are attached importance to by the international strategies of Li Ning (Warc, 2011). In summary, this essay has made comparisons and contrasts between the marketing strategies of Li Ning domestically and internationally. The domestic strategies, like the international ones, have strong sponsor awareness and also aim to attract younger generations. Despite that the international and domestic strategies have to some degree implemented similar strategies; essentially approaches are adopted in crucial areas, such as using different slogans, selling products by different channels and expanding different market segments. Although the e-commerce method ingeniously avoids complex retail channels internationally and the notion to achieve long-term profits domestically seem to be reasonable, Li Ning may ot achieve so many profits as they expected, because its vague brand positioning might cause the confusion and misconstrue of domestic people and its international consumers may despise Li Ning for its imitative logo and slogan which have some resemblance to Nike and Adidas. It is suggested that Li Ning should slow down its expansion and invest more to raise the quality and make some innovations instead of having large inventories discounted as a result of expanding too fast. Also, to have explicit brand positioning is crucial. Nonetheless, as Li Ning keeps adjusting corresponded to the changing situation and creating new products, it is too early to definitively judge whether Li Ning will have a promising future. References list Ad Age (2011). China’s Li-Ning Takes on Nike, Adidas With U. S. E-Commerce Site. [online]  New York: Ad Age. Available from: http://adage. com/article/cmo-interviews/china-s-li-ning-takes-nike-u-s-e-commerce-site/231642/. (Accessed 12 October 2012) Brandchannel (2012). London 2012: Success as Li-Ning ‘Makes a Change’ in Olympics Strategy. [online] New York: brandchannel. Available from: http://www. randchannel. com/home/post/2012/08/13/London-2012-Li-Ning-081312. aspx. (Accessed: 12 October 2012) China Daily (2011). Li Ning expects business to slow. [online] Beijing: China Daily. Available from: http://www. chinadaily. com. cn/bizchina/2011-01/18/content_11874065. htm. (Accessed: 12 October 2012) China Daily (2012). China’s sportswear brands nurse Olymp ics hangover. [online] Beijing: China Daily. Available from: http://www. chinadaily. com. cn/business/londongames/2012-07/02/content_15542591. htm. (Accessed: 12 October 2012) Voight, J. (2012). Video Is Lifeblood of Li-Ning’s ‘New China’ Sneaker Launch. online] Charlotte: ClickZ. Available from: http://www. clickz. com/clickz/news/2166538/video-lifeblood-li-nings-china-snea ker-launch. (Accessed: 12 October 2012) Warc (2011). Li-Ning plans global push. [online] London: Warc. Available from: http://www. warc. com/Content/News/Li-Ning_plans_global_push. content? ID=e7907838-2cd7-4859-ae44-f1695abdbd52;q. ( Accessed: 12 October 2012) Wang, W. (2012). Li Ning rejoins race in children’s wear market. [online] Beijing: China Daily. Available from: http://www. chinadaily. com. cn/business/2012-05/12/content_15276320. htm. (Accessed: 12 October 2012) How to cite Compare and Contrast the Marketing Strategies of Li Ning, Papers

Financial Risk Management Telstra Corporation Limited - Free Sample S

Question: Discuss about theFinancial Risk Managementfor Telstra Corporation Limited. Answer: Introduction Financial risk management is considered to be the ultimate practice of economic value in a company by using instruments so as to manage risks exposure such as market risk, credit risk, and liquidity risk (Black, Kirkwood, Williams, Rai, 2013). Financial risk management usually occurs when a particular investor or a fund manager analyzes and attempts to quantify the probability of losses in securities and they undertake the proper action given their risk tolerance and investment objectives. This assignment discusses the aspect of financial risk management in Telstra Corporation Limited and how the company uses Hedge accounting rules in its operations. Telstra Corporation Limited Overview and Business Activities Telstra Corporation Limited is known to be the biggest media and telecommunication company domiciled in Melbourne, Australia. The company makes and operates telecommunication systems and markets mobile, pay television, internet access, voice, and various other telecommunication products. The company was formed in 1901 as a result of Australian Federation. Telstra Corporation Limited has a long history in Australia as it initiated its operations as a government department and later was privatized as it has been undergoing a change strategy in order to become more consumer focused under its CEO, David Thodey. In the FY2016, the company had revenue of A$27.1 Billion, operating income of A$6.3 Billion and a net profit of A$5.8 Billion respectively. The company is considered to be the leading Technology and Telecommunication Company in Australia that basically offers a full range communication products and competing in all the communication markets (Telstra Corporation Limited annual repo rts, 2015, 2014 2013). The company offers about 17.2 Million mobile phones, 7.0 Million fixed voices products and 3.4 Million retail fixed broadband products. Telstra Corporation Limited has faced competition from Optus which is the Australian second largest communication firm and a number of small providers. The company usually operates through four divisions; Telstra Retail division that provided telecommunication services and products (Chang, Gonzlez Jimenez, 2013). Global Enterprise and Services division that offers sales for both government and business clients, Telstra Wholesale division that provides a range of telecommunication services and products delivered via Telstra Corporation Limited network and carriage services providers. Financial risks Telstra Corporation Limited exposed to According to the companys FY2015 reports, the risks associated with the firm operations comprise of credit risks, market risks and liquidity risks. Market Risk According to the firm, a market risk is considered to be the risk that the future cash flows or fair value of the firm financial instruments will basically fluctuates because of variations in the market prices (Christoffersen, 2012). Interest rate risk: The aspect of interest rates usually keeps fluctuating thus exposing the company to floating interest rate Credit Risk Credit risk is another risk that a company may not be able finishes its obligations under a financial security that leads to the company making a financial loss. The company faces credit risk exposure on all financial assets that include statements of financial position and assets. Yes, the company is exposed to these risks next year (Black et al. 2013). According to the company financial report, these risks are assessed as significant for the company within the next year because it assists the firm evaluate its operation success and allow the firm to maximize profits as it minimizes expenses on diverse activities that do not produce any return on investment. Liquidity Risk Liquidity risk is another risk that is basically associated with the company operations that includes the diverse arising from the company operations. These kinds of risk usually cause the company incapable to settling any financial obligation or even reposes financial assets at all. Primary Offsets to Mitigate Risks As most of Telstra Corporation Limited activities are exposed to diverse financial risks, the company executives seek to mitigate these risks through employing diverse finance instruments such as securities. The company uses the following aspects as primary risks for mitigating risks; Fair value interest rate risk management: In order to manage the interest rate risk, Telstra Corporation Limited decides to maintain the proper mix between the fixed and floating interests borrowings and also using the interests rate swap contracts (Dong, Kouvelis, Su, 2014). These types of activities are often evaluated so as to make sure that hedging techniques are aligned with interests rates views. Management of credit risks: For the company to minimize this kind of risk, the company only deals with the creditworthiness counterparties. The credit trustworthy and the credit rating is often monitored by the aggregate cost of the concluded transaction which is basically separated among approved business partners since there is no vital credit risk exposure to a single partner (Hull, 2012). Telstra Corporation Limited mitigates this kind of risks by ensuring that its business operations are performed effectively. Management of Liquidity Risks Telstra Corporation Limited management assesses its short term and long term funding since it is usually their responsibility. Adequate banking facilities, reserves, and reserve borrowings are basically maintained by the firm so as to minimize the liquidity risks as it is often monitored to make sure that the firm has sufficient resources to avoid this type of risks. Financing plans such as taking unsecured bank overdrafts and unsecured banks facilities are basically maintained so as to ensure that the company has enough resources for utilization. Overall Approach for Managing Risks The following are the approaches that form the overall risks management; Development of risk management framework: This framework is developed and implemented in Telstra Corporation Limited as it is inconsistent with the accounting standards used in Australia (Brigham, Ehrhardt, 2013). The Risk management framework identifies, monitor and assesses the risks. The aspect also develops and implements the process of risk management. Enhanced responsibilities: According to the aspect of risk management, responsibilities are categorized among the Audit and Risk Management member, board and the company management. Each group embraces its responsibilities as they will make sure that the company mitigates its risks at all levels. Review: The risk management policies and framework are often monitored are regular bases to measure its success (Conway, 2012). Telstra Corporation Limited often monitors and evaluates its risk management frameworks so as to check for effectiveness and replace any framework and policy that is ineffective. Adoption: Telstra Corporation Limited adopts the risk management policy and framework so as to ensure that the company productions are enhanced. Telstra Use of Hedge Accounting Rules Hedging describes the manner in which Telstra uses the financial instrument and in this case the derivatives to manage the exposure to financial risks. The gain or loss that is accrued to the underlying item that is an item that has been hedged is anticipated that it moves in a reverse direction to the gain or loss incurred on the derivative that is a mechanism that has been hedged hence offsetting the risk position of Telstra. Hedge accounting for this case heightens a technique that enables a perspective where the gains or losses to be matched with the instruments and items that have been hedged in the equivalent period of accounting to minimize the unpredictability in the income report (Kaplan, 2012). The standard of accounting that is applicable for Telstra is AASB 9-Financial Instruments which necessitates that certain norms are encountered in order for the application for hedge accounting. Telstra is also obliged by AASB Financial Instruments; Revelations to deliver some precise exposes in respects to the activities for hedging. Types of Hedges Fair Value Hedges Fair value hedges objective is to transform the interest borrowings that are fixed to rate of interest rate borrowings that is floating. Telstra enters into interest rate and swaps in cross currency to moderate the acquaintance of the company to fair value of the long term borrowing changes. AASB9 permits a component of the borrowing margins for Telstra with the cross currency swaps to be submitted in equity. The element is included in the interest on borrowing in the income report over the outstanding maturity of the borrowing. Hedge for Cash Flows The objectives of Telstra hedging for cash flow are to hedge the revelation that ascends from the inconsistency in future for cash flows of interest and foreign currency arising from borrowings that accept interest at adjustable rates or are foreign currency denominated. Hedging for cash flow is also encapsulated to alleviate the exposure of foreign exchange that arise from foreseen connections in the future (Klettner, Clarke, Boersma, 2014). The contracts of forward foreign exchange for Telstra are used to hedge a certain quota of the highly likely projection dealings that are denominated in foreign currency. The contracts in hedging for foreign currency risk for Telstra that arises from changes in the spot rates. 2015 2014 2013 High probable forecasts Millions Non Capital Items Within 1 year ($801) ($306) ($431) Capital Items Within 1 year ($135) After 1 year ($2) Borrowings Within 1 year ($539) ($1,156) ($264) Within 1-5 year ($4,168) ($2,485) ($3,768) After 5 years ($4,559) ($4,055) ($4,465) ($10,204) ($8,002) ($8,928) Hedges of Net Investment in Foreign Operations The exposure of foreign exchange for Telstra ascends from investment in operations in a foreign country. The possibility ascends from the transaction of the net assets of the enterprises from their functional currency in AUD. The enterprise term the contracts for forwards in foreign currency, swaps that are cross currency and borrowings made in foreign legal tender as hedges for the risk. Derivatives not in a Designated Hedge Relationship Telstra hold some financial instruments derivatives that are not legally designated in hedging relations as normal offsets realizes substantial the equivalent accounting outcomes. The primary composition include the contracts of forward in foreign currency that are encapsulated to economically hedge the movement of fair value that is attributable to fluctuations in the rate of exchange which include trade creditors from trading activities and other obligation and balances of assets that are denominated in foreign currency. Method of Determining Hedge Effectiveness The implementation of AASB 9 (2013) has led to a smaller amount ineffectiveness being recognized as definite cost of hedging may now be left out from the relationships that are designated for the hedges (Mayorga, Sidhu, 2012). The company utilizes the preference to disregard foreign currency base extents from the designated fair value and cash flow associations. The reserves for cash flow hedge is attuned to the lower of the collective gain or loss on the hedging mechanism and the cumulative alteration in fair value of the hedged time. The alteration does not effect in any ineffectiveness that is material. References Black, S., Kirkwood, J., Williams, T., Rai, A. (2013). A history of Australian corporate bonds.Australian Economic History Review, 53(3), 292-317. Brigham, E. F., Ehrhardt, M. C. (2013). Financial management: Theory practice. CengageLearning. Conway, S. L. (2012). Guidelines for Corporate Governance Disclosureare Australian listed companies conforming?. Journal of the Asia-Pacific Centre for Environmental Accountability, 18(1), 5-24. Chang, C. L., Gonzlez-Serrano, L., Jimenez-Martin, J. A. (2013). Currency hedging strategies using dynamic multivariate GARCH. Mathematics and Computers in Simulation, 94, 164-182. Christoffersen, P. F. (2012). Elements of financial risk management. Academic Press. Dong, L., Kouvelis, P., Su, P. (2014). Operational hedging strategies and competitiveexposure to exchange rates. International Journal of Production Economics, 153, 215-229. Hull, J. (2012). Risk Management and Financial Institutions,+ Web Site (Vol. 733). John Wiley Sons. Kaplan, R. S., Mikes, A. (2012). Managing risks: a new framework. Klettner, A., Clarke, T., Boersma, M. (2014). The governance of corporate sustainability: Empirical insights into the development, leadership and implementation of responsiblebusiness strategy. Journal of Business Ethics, 122(1), 145-165. Mayorga, D. M., Sidhu, B. K. (2012). Corporate disclosures of the major sources of estimationuncertainties. Australian Accounting Review, 22(1), 25-39. Telstra Corporation Limited annual reports. (2015, 2014 2013). Retrieved fromhttps://www.telstra.com.au/content/dam/tcom/about-us/investors/pdf-e/2016-Annual-Report.pdf Telstra Corporation Limited risk management. Retrieved fromhttps://www.telstra.com.au/content/dam/tcom/about-us/investors/pdf%20D/governance-at-telstra.pdf