Mentors in Professional Nursing Research Paper Example | Topics and Well Written Essays - 1500 words

Mentors in Professional Nursing - Research Paper Example Mentorship extends over a period of time, within which reciprocal sharing, learning, and development take place in an environment formed around respect and collegiality (Mariani, 2012). Further, Mariani (2012) emphasizes that reinforcing mentoring relationships within the nursing profession is essential in order to ensure that crucial facets of the vocation are retained, particularly in the present day healthcare environment. Moreover, an effective nurse mentor relationship is important for the upcoming generation of nurses. The purpose of this paper is to discuss how mentors support the nursing profession, the required characteristics of a mentor, and components of an effective mentor program. How Mentoring Supports the Nursing Profession Today, training, education and administration within the nursing profession is required to support and provide fundamental solutions that are directed toward the existing and progressively waning decline in nursing professionals’ collegialit y, self-confidence, and support. Indeed, the consequential damaging effects are realized in declining staff performance, and in deficient patient care outcomes. Additionally, the rapidly transforming health care environment requires that actions be taken to reinforce and inspire new and experienced nurses so as to retain competent nursing staff. Consequently, mentorship offers a unique opportunity for newer nurses to cultivate durable relationships with experienced nurses that are beneficial to the growth of both individuals and contributes to the retention of nurses within the organization and the profession. As noted earlier, mentors offer information, support and professional advice to novice nurses over an extended period of time. As such, both the mentor and mentee devote a substantial amount in the mentoring relationship emotionally, thus enabling self-directed growth and learning. To this end, mentorship provides many benefits to the nursing profession. First, mentoring helps decreases or alleviates stress and anxiety among nursing professional which impacts burnout rates. In recent years, professional nursing has been considered as an extremely stressful occupation owing to the increasing acuity of patients, declining staffing ratios, and time pressures arising from increasing productivity and performance requirements in healthcare facilities. In a research conducted at two tertiary care hospitals in New Delhi, Bhatia, Kishore, Anand, and Jiloha (2010) reported substantial job stress in approximately 87.4% of the eighty seven staff nurse respondents. According to the study, â€Å"time pressure† was identified as the top placed stressor (Bhatia, Kishore, Anand, & Jiloha, 2010). In another study, Duvall and Andrews (2010) surveyed the literature to establish why staff nurses left the bedside in connection to the nursing shortage and increased turnover rates. The study revealed a variety of reasons including management issues, job stress, job desig n, physical demands, and the inability to develop new nurses (Duvall & Andrews, 2010, p. 309). Furthermore, job stress has been linked to poor job satisfaction (Hassell, Archbold, & Stichman, 2011), undesirable physical and mental health outcomes (Nash, 2010), and ultimately to

Prospectus of bsrm steels limited Essay Example for Free

Prospectus of bsrm steels limited Essay Declarations and due diligence certificates Declaration about the responsibility of the Directors including the CEO of the Company in respect of the prospectus Consent of the Directors to Serve Declaration about filing of prospectus with the Registrar of Joint Stock Companies Firms Due Diligence Certificate of Manger to the Issue Due Diligence Certificate of the Underwriter(s) Risk factors management perceptions about the risks Capital structure Use of IPO proceeds Description of business Back ground of the project Important date Nature of business Principal products and services The Rolling Process Market for the BSRMS Products Relative contribution to income Associate subsidiary/related holding company Distribution of products/services Sources and availability of raw materials and principal suppliers Competitive condition of business Sources of and requirement for power, gas and water or any other utilities Customer providing 10% or more revenues Contract with principal customers and suppliers Material patents, trademarks, license or royalty agreements Number of employees (as per audited accounts) Capacity and current utilization of facility Description of property Financial Condition and Plan of Operation Internal and external sources of fund (as per audited accounts) Material commitment for capital expenditure Causes for material changes Seasonal aspect of the Company’s business Known trends, events or uncertainties Change in the assets of the Company used to pay off any liabilities Loan taken from holding/parent company or subsidiary company Loan given to holding/parent company or subsidiary company Future contractual liabilities Future capital expenditure VAT, income tax, customs duty or other tax liability Operating lease agreement Financial lease and other financial commitment Personnel related scheme Revaluation of assets Breakdown of issue expenses Auditors certificate regarding any allotment of shares to promoters or Sponsor shareholders for consideration other than in cash -5- Page No 7 7 10 11 11 11 11 12 12 13 15 15 15 15 15 15 16 16 17 17 17 17 17 18 18 18 18 19 19 19 19 20 20 20 20 20 20 21 21 21 21 21 21 21 21 21 21 22 22 Issuer Issue Managers  ¦  ¦  ¦ Alliance Financial Services Limited BSRM Steels Limited South Asia Capital Limited Item Transactions with subsidiary/holding company or associate companies Material information which is likely to have an impact Directors and officers Information regarding directorship Directors involvement in other organization Family relationship among directors and top five officers Short bio-data of the directors Credit information Bureau (CIB) report Description of senior executive and departmental heads Involvement of Directors and officers in certain legal proceedings Certain Relationships and Related Transactions Transaction with related parties Directors facilities Executive compensation Remuneration paid to top five salaried officers Aggregate amount of remuneration paid to directors and officers (as audited accounts) Remuneration paid to Director who was not an officer Future compensation to Director or officers Pay increase intention Options granted to Directors, officers and employees Transaction with the Directors and subscribers to the Memorandum Tangible assets per share Ownership of the Company’s securities Composition of Shareholders Share hold by Directors Shareholding structure 5% or more as on 30 April 2008 Securities owned by the officers Determination of offering price Market for the securities being offered Declaration about listing of shares with Stock Exchange Trading and settlement Description of Securities outstanding or being offered Dividend, voting, pre-emption rights Conversion and liquidation rights Dividend policy Other rights of shareholders Debt securities Lock-in on sponsors share Refund of subscription money Subscription by and refund to non-resident Bangladeshi (NRB) Availability of securities Offer Application for subscription Allotment Underwriting of shares Principal terms and conditions of underwriting agreement Underwriter’s right to represent in the Board of Directors of the Company Auditors report to the shareholders Audited Financial Statements Auditors report under section 135(1), Para 24(1) of part II of schedule III to Companies Act, 1994 Ratio Analysis Additional disclosures as required by Securities and Exchange Commission Credit rating report of BSRMS Application forms -6- Page No 23 23 23 23 24 25 26 26 27 27 27 27 28 28 28 28 28 28 28 29 29 29 29 29 29 30 30 30 30 31 31 31 31 31 31 32 32 32 36 36 36 36 37 38 38 38 38 39 40 54 55 57 59 76 Issuer Issue Managers  ¦  ¦  ¦ Alliance Financial Services Limited BSRM Steels Limited South Asia Capital Limited Disclosure in respect of issuance of security in Demat Form As per provision of the Depository Act, 1999 and regulations made there under, shares will only be issued in dematerialized condition. All transfer/transmission/splitting will take place in the Central Depository Bangladesh Ltd. (CDBL) system and any further issuance of shares (right/bonus) will be issued in dematerialized form only. Conditions under Section 2CC of the Securities and Exchange Ordinance, 1969 Part A 1. The company shall go for Initial Public Offer (IPO) for 20,00,000 ordinary shares of Taka 100 (taka one hundred) each at par worth Taka 20,00,00,000 (Taka twenty crore) only following the Securities and Exchange Commission (Public Issue) Rules, 2006, the Depository Act, 1999 and regulations made there under. 2. The abridged version of the prospectus, as approved by the Commission, shall be published by the issuer in four national daily newspapers (in two Bangla and two English), within 03 (three) working days of issuance of this letter. The issuer shall post the full prospectus vetted by the Securities and Exchange Commission in the issuer’s website and shall also put on the websites of the Commission, stock exchanges, and the issue managers within 03 (three) working days from the date of issuance of this letter which shall remain posted till the closure of the subscription list. The issuer shall submit to SEC, the stock exchanges and the issue managers a diskette containing the text of the vetted prospectus in â€Å"MS -Word† format. 3. Sufficient copies of prospectus shall be made available by the issuer so that any person requesting a copy may receive one. A notice shall be placed on the front of the application form distributed in connection with the offering, informing that interested persons are entitled to a prospectus, if they so desire, and that copies of prospectus may be obtained from the issuer and the issue managers. The subscription application shall indicate in bold type that no sale of securities shall be made, nor shall any money be taken from any person, in connection with such sale until twenty five days after the prospectus has been published. 4. The company shall submit 40 (forty) copies of the printed prospectus to the Securities and Exchange Commission for official record within 5 (Five) working days from the date of publication of the abridged version of the prospectus in the newspaper. 5. The issuer company and the issue managers shall ensure transmission of the prospectus, abridged version of the prospectus and relevant application forms for NRBs through e-mail, simultaneously with publication of the abridged version of the prospectus, to the Bangladesh Embassies and Missions abroad and shall also ensure sending of the printed copies of abridged version of the prospectus and application forms to the said Embassies and Missions within five working days of the publication date by express mail service (EMS) of the postal department. A compliance report shall be submitted in this respect to the SEC jointly by the issuer and the issue managers within two working days from the date of said dispatch of the prospectus the forms. 6. The paper clipping of the published abridged version of the prospectus, as mentioned at condition 2 above, shall be submitted to the Commission within 24 hours of the publication thereof. 7. The company shall maintain separate bank account(s) for collecting proceeds of the Initial Public Offering and shall also open FC account(s) to deposit the application money of the Non-Resident Bangladeshis (NRBs) for IPO purpose, and shall incorporate full particulars of said FC account(s) in the prospectus. The company shall open the abovementioned accounts for IPO purpose; and close these accounts after refund of over-subscription. Non- Resident Bangladeshi (NRB) means Bangladeshi citizens staying abroad including all those who have dual citizenship (provided they have a valid Bangladeshi passport) or those, whose foreign passport bear a stamp from the concerned Bangladesh Embassy to the effect that no visa is required to travel to Bangladesh. 8. The issuer company shall apply to all the stock exchanges in Bangladesh for listing within 07(seven) working days from the date of issuance of this letter and shall simultaneously submit the vetted prospectus with all exhibits, as submitted to SEC, to the stock exchanges. 9. The following declaration shall be made by the company in the prospectus, namely: â€Å"Declaration about Listing of Shares with the Stock Exchange(s): None of the stock exchange(s), if for any reason, grants listing within 75 days from the closure of subscription, any allotment in terms of this prospectus shall be void and the company shall refund the subscription money within fifteen days from the date of refusal for listing by the stock exchanges, or from the date of expiry of the said 75 (seventy five) days, as the case may be. In case of non -refund of the subscription money within the aforesaid fifteen days, the company directors, in addition to the issuer company, shall be collectively and severally liable for refund of the subscription money, with interest at the rate of 2% (two percent) per month above the bank rate, to the subscribers concerned. -7- Issuer Issue Managers  ¦  ¦  ¦ Alliance Financial Services Limited BSRM Steels Limited South Asia Capital Limited The issue managers, in addition to the issuer company, shall ensure due compliance of the above mentioned conditions and shall submit compliance report thereon to the Commission within seven days of expiry of the aforesaid fifteen days time period allowed for refund of the subscription money. † 10. The subscription list shall be opened and the sale of securities commenced after 25 (twenty five) days of the publication of the abridged version of the prospectus and shall remain open for 5 (Five) consecutive banking days. 11. A non-resident Bangladeshi shall apply either directly by enclosing a foreign demand draft drawn on a bank payable at Dhaka, or through a nominee by paying out of foreign currency deposit account maintained in Bangladesh or in Taka, supported by foreign currency encashment certificate issued by the concerned bank, for the value of securities applied for through crossed bank cheque marking â€Å"Account Payee only†. The NRB applicants shall send applications to the issuer company within the closing date of the subscription so as to reach the same to the company by the closing date plus nine days. Applications received by the company after the above time period will not be considered for allotment purpose. 12. The company shall apply the spot buying rate (TT clean) in US Dollar, UK Pound Sterling and Euro of Sonali Bank, which shall be mentioned in the Prospectus, as prevailed on the date of opening of the subscription for the purpose of application of the NRBs and other non-Bangladeshi persons, where applicable. 13. The company and the issue managers shall ensure prompt collection/clearance of the foreign remittances of NRBs and other non-Bangladeshis, if applicable, for allotment of shares. 14. Upon completion of the period of subscription for securities the issuer and the issue managers shall jointly provide the Commission and the stock exchanges with the preliminary status of the subscription within 05 (five) working days, in respect of the following matters, namely: (a) Total number of securities for which subscription has been received; (b) Amount received from the subscription; and (c) Amount of commission paid to the banker to the issue. 15. The issuer and the issue managers shall jointly provide the Commission and the stock exchanges the list of valid and invalid applicants in 2 (two) CDs and final status of subscription to the Commission within 3 (three) weeks after the closure of the subscription along with bank statement (original), branch-wise subscription statement. The list of valid and invalid applicants shall be finalized after examination with the CDBL in respect of BO accounts and particulars thereof. 16. The IPO shall stand cancelled and the application money shall be refunded immediately (but not later than 5 (Five) weeks from the date of the subscription closure) if any of the following events occur: (a) Upon closing of the subscription list it is found that the total number of valid applications (in case of under subscription including the number of the underwriter) is less than the minimum requirement as specified in the listing regulations of the stock exchange(s) concerned; or (b) At least 50% of the IPO is not subscribed. 17. 10% of total public offering shall be reserved for non-resident Bangladeshi (NRB) and 10% for mutual funds and collective investment schemes registered with the Commission, and the remaining 80% shall be open for subscription by the general public. In case of under subscription under any of the 10% categories mentioned above, the unsubscribed portion shall be added to the general public category and, if after such addition, there is over subscription in the general public category, the issuer and the issue managers shall jointly conduct an open lottery of all the applicants added together. 18. All the applicants shall first be treated as applied for one minimum market lot of 50 shares worth Tk. 5000/-. If, on this basis, there is over subscription, then lottery shall be held amongst the applicants allocating one identification number for each application, irrespective of the application money. In case of over-subscription under any of the categories mentioned hereinabove, the issuer and the issue managers shall jointly conduct an open lottery of all the applications received under each category separately in presence of representatives from the issuer, the stock exchanges and the applicants, if there be any. 19. An applicant cannot submit more than two applications, one in his/her own name and another jointly with another person. In case an applicant makes more than two applications, all applications will be treated as invalid and will not be considered for allotment purpose. In addition, whole or part of application money may be forfeited by the Commission. -8- Issuer Issue Managers  ¦  ¦  ¦ Alliance Financial Services Limited BSRM Steels Limited South Asia Capital Limited 20. The primary shares allotted to an applicant through IPO may be forfeited by SEC, if the BO account of the said applicant is found closed at the time of allotment of shares. All IPO applicants are required to keep their BO accounts operational till allotment of IPO shares. 21. Lottery (if applicable) shall be held within 4 (four) weeks from closure of the subscription date. 22. The company shall issue share allotment letters to all successful applicants within 5 (five) weeks from the date of the subscription closing date. Within the same time, Refund to the unsuccessful applicants shall be made in the currency in which the value of securities was paid for by the applicants without any interest through Account Payee Cheque/ refund warrants with bank account number, bank’s name and Branch as indicated in the securities application forms payable at Dhaka/ Chittagong/ Khulna/ Rajshahi/ Barisal/ Sylhet/ Bogra, as the case may be subject to condition 19 above. Refund money of the unsuccessful applicants shall be credited directly to their respective bank accounts with in 5 (five) weeks from the date of the subscription closing, who have mentioned in the IPO application forms, bank account numbers with the bankers to the issue and other banks as disclosed in the prospectus. A compliance report in this regard shall be submitted to the Commission within 6(six) weeks from the date of closure of subscription. 23. The company shall furnish the List of Allotees to the Commission and the stock exchange(s) simultaneously in which the shares will be listed, within 24 (twenty four) hours of allotment. 24. In the event of under-subscription of the public offering, the unsubscribed portion of securities shall be taken up by the underwriter(s) (subject to para -16 above). The issuer must notify the underwriter to take up the underwritten shares within 10 (ten) days of the subscription closing date on full payment of the share money within 15(fifteen) days of the issuer’s notice. The underwriter shall not share any underwriting fee with the issue managers, other underwriters, issuer or the sponsor group. 25. All issued shares of the issuer at the time of according this consent shall be subject to a lock in period of three years from the date of issuance of prospectus or commercial operation, whichever comes later: Provided that the persons, other than directors and those who hold 5% or more, who have subscribed to the shares of the company within immediately preceding two years of according consent, shall be subject to a lock -in period of one year from the date of issuance of prospectus or commercial operation, whichever comes later. 26. Either a Jumbo Share (one for each of the existing Sponsors/ Directors/ Shareholders) in respect of the shares already issued shall be issued covering together respective total holding, which shall contain the expiry date of lock-in period or Sponsors/Directors/Promoters/Shareholders’ shareholding shall be converted into demat form but shall be locked-in as per the condition at para-25 above. 27. In case of Jumbo Share Certificate issued to the existing Sponsors/ Directors/Shareholders, the said share certificates shall be kept under custody of a security custodian bank registered with SEC during the lock-in period. The name and branch of the bank shall be furnished to the Commission jointly by the issuer and the issue managers, along with a confirmation thereof from the custodian bank, within one week of listing of the shares with the stock exchange(s). 28. In case of dematerialization of shares held by the existing Sponsors/ Directors/Shareholders, the copy of dematerialization confirmation report generated by CDBL and attested by the managing director of the company along with lock-in confirmation shall be submitted to SEC within one week of listing of the shares with the stock exchange(s). 29. The company shall apply to the stock exchanges for listing within 7(seven) working days of issuance of this letter and shall simultaneously submit to the Commission attested copies of the application filed with the stock exchanges. 30. The company shall not declare any benefit other than cash dividend based on the financial statement for the period ended December 31, 2007. Part-B 1. The issue managers (i. e. , Alliance Financial Services Limited and South Asia Capital Limited) shall ensure that the abridged version of the prospectus and the full prospectus is published correctly and in strict conformity without any error/omission, as vetted by the Securities and Exchange Commission. 2. The issue managers shall carefully examine and compare the published abridged version of prospectus on the date of publication with the copy vetted by SEC. If any discrepancy/inconsistency is found, both the issuer and the issue managers shall jointly publish a corrigendum immediately in the same newspapers concerned, simultaneously endorsing copies thereof to SEC and the stock exchange(s) concerned, correcting the discrepancy/inconsistency as required under ‘Due Diligence Certificates’ provided with SEC. -9- Issuer Issue Managers  ¦  ¦  ¦ Alliance Financial Services Limited BSRM Steels Limited South Asia Capital Limited 3. Both the issuer company and the issue managers shall, immediately after publication of the prospectus and its abridged version, jointly inform the Commission in writing that the published prospectus and its abridged version are verbatim copies of the same as vetted by the Commission. 4. The fund collected through IPO shall not be utilized prior to listing with stock exchange and that utilization of the said fund shall be effected through banking channel, i. e. through account payee cheque, pay order or bank drafts etc. 5. The company shall furnish report to the Commission on utilization of IPO proceeds within 15 days of the closing of each quarter until such fund is fully utilized, as mentioned in the schedule contained in the prospectus, and in the event of any irregularity or inconsistency, the Commission may employ or engage any person, at issuer’s cost, to examine whether the issuer has utilized the proceeds for the purpose disclosed in the prospectus. 6. All transactions, excluding petty cash expenses, shall be effected through the company’s bank account(s). 7. Proceeds of the IPO shall not be used for any purpose other than those specified in the prospectus. Any deviation in this respect must have prior approval of the shareholders in the General Meeting under intimation to SEC and stock exchange(s). 8. The company shall remove the restrictive clauses regarding issuance transfer of shares and grouping of shares from its Articles of Association. Part C 1. All the above conditions imposed under section 2CC of the Securities and Exchange Ordinance, 1969 shall be incorporated in the prospectus immediately after the page of the table of contents, with a reference in the table of contents, prior to its publication. 2. The Commission may impose further conditions/restrictions etc. from time to time as and when considered necessary, which shall also be binding upon the issuer company. Part D 1. As per provision of the Depository Act, 1999 and regulations made there under, shares will only be issued in dematerialized condition. All transfer/transmission/splitting will take place in the Central Depository Bangladesh Ltd. (CDBL) system and any further issuance of shares (including right/bonus) will be made in dematerialized form only. An applicant (including NRB) shall not be able to apply for allotment of shares without beneficial owner account (BO account). 2. The issue managers shall also ensure due compliance of all above. GENERAL INFORMATION Alliance Financial Services Limited (AFSL) and South Asia Capital Limited (SACL) have prepared the prospectus from information supplied by BSRM Steels Limited (the Issuer Company) and also after several discussions with the Chairman, Managing Director, Directors and concerned executives of the company. BSRM Steels Limited, Alliance Financial Services Limited and South Asia Capital Limited collectively and individually, having made all reasonable inquiries, confirm that to the best of their knowledge and belief, the information contained herein is true and correct in all material aspects and that there are no other material facts, the omission of which, would make any statement herein misleading. No person is authorized to give any information or to make any representation not contained in this Prospectus and if given or made, any such information and representation must not be relied upon as having been authorized by the company or Alliance Financial Services Limited and South Asia Capital Limited. The Issue as contemplated in this prospectus is made in Bangladesh and is subject to the exclusive jurisdiction of the Courts of Bangladesh. Forwarding this prospectus to any person resident outside Bangladesh in no way implies that the issue is made in accordance with the laws of that country or is subject to the jurisdiction of the laws of that country. A copy of this prospectus may be obtained from the Corporate Head Office of BSRM Steels Limited, Alliance Financial Services Limited, South Asia Capital Limited, the Underwriters and the Stock Exchanges where the securities will be traded. 10 Issuer Issue Managers  ¦  ¦  ¦ Alliance Financial Services Limited BSRM Steels Limited South Asia Capital Limited Declarations and Due Diligence Certificates Declaration about the Responsibility of the Directors, including the CEO of the Company â€Å"BSRM Steels Limited† in Respect of the Prospectus This prospectus has been prepared, seen and approved by us, and we, individually and collectively, accept full responsibility for the authenticity and accuracy of the statements made, information given in the prospectus, documents, financial statements, exhibits, annexes, papers submitted to the Commission in support thereof, and confirm, after making all reasonable inquiries that all conditions concerning this public issue and prospectus have been met and that there are no other information or documents the omission of which make any information or statements therein misleading for which the Commission may take any civil, criminal or administrative action against any or all of us as it may deem fit. We also confirm that full and fair disclosure has been made in this prospectus to enable the investors to make a well-informed decision f or investment. Sd/ Alihussain Akberali Chairman Sd/Zohair Taherali Director Sd/Aameir Alihussain Managing Director* Sd/Tehseen Zohair Taherali Director Sd/Sabeen Aameir Director Consent of the Directors to Serve We hereby agree that we have been serving as Directors of â€Å"BSRM Steels Limited and confirm to continue to act as Directors of the Company. Sd/ Alihussain Akberali Chairman Sd/Zohair Taherali Director Sd/Aameir Alihussain Managing Director* Sd/Tehseen Zohair Taherali Director Sd/Sabeen Aameir Director * Mr. Aameir Alihussain is also a shareholder Director of the company. Declaration about filing of Prospectus with the Registrar of Joint Stock Companies Firms A dated and signed copy of the Prospectus has been filed for registration with the Registrar of J

Julius Ceaser Essays -- essays papers

Julius Ceaser Julius Caesar Julius Caesar was born on July 13th in 100B.C. His full name is Gaius Julius Caesar, which was the same as his father’s name. Julius Caesar was the most famous Roman general and was one of the most influential political and military leaders in history. He helped establish the vast Roman Empire. Caesar gained all his power in four different areas. Those areas are politics, government, religion, and in the military. Using these amazing powers he controlled many aspects of Roman life. In 84B.C. Caesar married Cornelia, the daughter of Lucis Cornelius Cinna, a noble who was Marious’ associate in revolution. Lucis Cornelius Sulla demanded they divorce in 83, but Caesar refused, risking his job and his life. Caesar went to Rhodes to study oratory. Pirates captured him on his way. His relatives paid a ransom and he was released. Once he was out he recruited private troops and captures the Pirates. Then he executed them. Caesar had won victories in Spain and had attracted many men in Rome. In 60B.C, Caesar and Pompey formed an alliance with Marcus Lucius ...

Risk and types of Financial Risk Essay -- Business, Banks, Insurance

Value at Risk -Introduction As Walter Wriston, former chairman of Citigroup, said â€Å"All of life is the management of risk, not its elimination† and nowadays modern banking is about controlling risk and returns. The ability of a financial institution to control risk is a key factor that determines its success or its failure in markets. As the late financial crisis has demonstrated institutions that were not properly prepared to face the crisis, failed and they were either bailed out by governments or serve economists as bad example. This is the reason risk management is an important field of every financial institution. -Risk and types of Financial Risk As Philippe Jorion (2007) mentions a definition for risk can be the volatility of unanticipated outcomes and can be created by natural disasters, such as the recent earthquake in Japan that is reported to cause a drop of 3% of the oil price in the first few days after it, or it can created by human activities such as technological innovation which might create unemployment. Phillip Best (1998) argues that risk matters only when it causes financial losses and financial risk is the one linked with financial assets and portfolios and is classified in broader categories; market risk, credit risk, liquidity risk and operational risk. There is evidence that these types of risk can affect one another. Market risk is the one linked with the movements of the price level of market. Credit risk is generated when parties involved in an economic contract are either incapable or reluctant to satisfy their commitments. Jorion (2007) classifies liquidity risk into two forms; asset liquidity risk and funding liquidity risk. Jorion (2007, p. 23): Asset liquidity risk†¦arises when a transaction can... ... effects than those expected. Nevertheless VaR is always a statistical tool, meaning that if using VaR is estimated a loss of  £10 millions in one month, it is known that there might be months with smaller losses and months with larger than  £10 millions. There is also the problem of identifying the right method because each method has its own strengths and weaknesses. So it is important for a risk manager to be able to identify the key factors of the market. These can be market rates and prices that can affect the portfolio and the necessity of this derives from the fact that without these factors is impossible to build a proper quantitative measure of market risk, due to the complexity of financial markets. So to start properly one has to recognize the instruments through which market risk factors will be embodied, such instruments may be options, swaps or loans.

Sales Management Project Report

We were tasked with interviewing the sales manager of a firm, in order to analyze the working of their sales department. We chose Atlas Honda as our company for this project and secured an interview with their sales manager, and questioned him in detail about the operational procedures of the sales department of Atlas Honda. This report contains his responses that shed light on the workings of Atlas Honda’s sales force, as well as our evaluation of their sales operations.Selected CompanyAtlas Honda is a joint venture between Atlas Group of Pakistan and Honda Motor Company of Japan. We chose Atlas Honda as it is the market leader of motorcycles in Pakistan, and thus conducts hefty sales of motorcycles every month, employing a number of effective sales techniques in order to make new customers and to retain old customers.When asked why he chose to pursue a career in sales, he expressed his gratification in working to achieve a target of sales against his competitors, the incenti ves offered for achieving more than the target, and the freedom and travel opportunities that only a sales job could provide. His philosophy regarding his sales career resides in giving a proper product to the customer for the money spent by him, and to create customer lifetime value and build long-term relationships with customers.InterviewQ1. How do you see the marketplace today-changes and trends? Ans. â€Å"In terms of motorbikes, there has not been much of a change in the market in reference to commuter bikes, hence little changes have been made to the existing CD70 model as it is still used as a simple commuter motorcycle. The CD125 model has received a deluxe edition, giving it a sporty look to appeal to more image conscious segment.The Pridor was introduced as a 100cc sporty bike, targeted at customers who wanted something in between the existing 70cc and 125cc motorcycles. The most significant change in the market has been the developing interest in sports bikes. To meet t his new growing  segment in the market, we have launched the Honda CBR150 and Honda CBR500 sports bikes. Atlas Honda closely observes market changes and trends and adjusts its product line accordingly.†Q2. How do you view the importance of cultural diversity in the marketplace? Ans. â€Å"Here in Pakistan when we talk about cultural diversity, it is not particularly significant in terms of commuter motorcycles, as customers looking for commuting motorcycles generally have the same needs such as low price and economical fuel consumption, making the difference in culture largely irrelevant. However, diversity in culture has led to a new market of customers who want high-performance sports and are willing to pay more, a market that we have tapped with the launch of the CBR150 and CBR500.†Q3. How do you define the role of sales support? How important are ethics? Ans. â€Å"Sales support forms an important part of the sales department here at Atlas Honda. They assist the salespersons by various means, such as market research, lead generation, making travel arrangements, scheduling meetings, sending out sales materials and review and reporting of sales. As for ethics, we have always believed in serving the customer in the best possible way so as to cultivate long-term relationships.†Q4. How do you expect sales force to follow a sales process? Ans. â€Å"The sales process followed consists of an initial contact, an approach where needs of the customer is evaluated, followed by a presentation or proposition, finalizing the sale, and lastly follow up. Salespersons are encouraged to close sales using minimum amount of resources and with minimum sales calls.†Q5. How do you organize the sales force-is it local or centralized? Ans. â€Å"Organization of sales force is localized, that is to say that it is decided upon by the regional sales managers, who assign the number of salespersons to specific areas based in the amount of current and poten tial customers.†Q6. How do you select salespersons when positions become vacant? Ans. â€Å"Our Human Resource department is responsible for hiring of new salespersons. They prepare a list of candidates and determine which candidates are most  suitable for the position through interviews. Salespersons with prior experience are naturally given preference, however we also take fresh graduates, in which case they undergo a short period of training before starting work.† Q7. How do you train new personnel? Train experienced salespersons?Ans. â€Å"Our training here is very strong because Atlas Group believes very strongly in development of human resources. The more effort is put into developing our human resources the more the company will grow. We generally avoid hiring people from the top universities. Instead, we take mediocre students who are willing to learn and work hard. In this company there is much to learn and we provide training for new employees. As for train ing experienced personnel, every year we send our employees to study at IBA and LUMS.Additionally, every year one person is selected to study at Harvard University. So training and development is constantly observed here. Here we have SAP system in our computers and for human resource we have HAY system. So every person is evaluated quarterly and then half yearly and then yearly. Then the company goes over their weaknesses and provides relevant training and coaching to overcome their limitations.†Q8. How do you select and interact with partners? Determine sales force size? Ans. â€Å"We have a system in which we divide Pakistan 7 regions. Every region has a head called Regional Manager. Then above him there is a National Manager. Then there is General Manager Marketing. Then Vice President Marketing. And then there is CEO. Every region has a geographical distribution in which there may be four or five territories according to that area. We make territories under the regions. In every territory under the Regional Managers there is a Head of Sales, a Head of Services and a Head of Parts.† Q9. How do you motivate the sales force? Use monetary and non-monetary incentives?Perceived success of these actions? Ans. â€Å"There is a monthly target which the salesperson has to achieve and upon achieving that target he gets an annual raise. We use a scale to classify how good a salesperson is at closing sales. If he is close to the target that means its fair. If he achieves his targets that means his is good. If he goes 10% above his target that means he is very good. If he goes beyond that then it means that he is outstanding.So basically there are four categories on which a salesperson is evaluated for the raise in his salary; fair, good,  very good, excellent. Additionally, the advantage for salespeople is that after a year or two there are foreign vacations awarded to them. They may win by achieving the most sales. They are sent to places like Europe, Brazil etc. They get extra money for it in addition to the vacation to enjoy and relax.†Q10. How do you reimburse the sales force for expenses?Ans. â€Å"Laws are defined here for the reimbursement of expenses. No one is allowed to interfere whether it may be Vice President or General Manager. The laws defined here are working on two systems. The first is called Management Executive Committee (MEC). Then there is Group Executive Committee (GEC). Only GEC has the right to change laws because only high profile members are allowed in it. So everything is defined.Every person has a grade wise allowance. Kilometers are standardized. Whether a General Manager uses it or may it be an ordinary sales representative. It is already defined that a particular amount per kilometer would be paid when travelled. If he has to stay overnight then there is hotel allowance. If there is no hotel then there is an independent allowance given to that person. So a healthy amount of incentives are gi ven and they are clearly defined and no one can misuse them.†Q11. How do you evaluate the sales force? Frequency and methods? Ans. â€Å"As I have mentioned we have got HAY system in which objectives are defined. They are evaluated on quarterly, half yearly and yearly basis. After three months an analysis is done on the objective to check whether that salesperson is achieving his target or not. We work on a PDCA format which is Plan Do Check Action. We see whether the targets are being achieved or not. If they are, then good.If not, then we examine targets are not being achieved. What were the problems faced and how can we counter them? This is PDCA. Every person’s job is defined. What he has to do, what he doesn’t, and his responsibilities. He knows the result that he has to produce after a year. Hence, salespersons are evaluated on their achievement of target sales.†Q12. How do you play a role in forecasting? What methods are utilized? Ans. â€Å"For fo recasting basically two methods are used. One of them is by using  historical growth data. We take the data of last three years, sum it up and forecast the market growth. Then there are assumptions and usage of alpha. Factors like history, assumption and the economy are always studied closely when forecasting.†Q13. How do you contribute to the firm’s strategies and annual planning? Ans. â€Å"As a sales manager, the forecasts that are generated by my department affect the company’s strategies and operations. For example, new strategies may need to be formulated when attempting to penetrate new markets, or when introducing new products into existing markets. Forecasts of sales also affect the company, for example if forecasts show an increase in sales, then more salespersons may need to be hired.†Q14. How do you utilize CRM and practice relationship marketing? Ans. â€Å"It has been almost 50 years since people are related to this company. By this you ca n imagine the worth of the company. Atlas Honda has worked hard to develop brand loyalty with its customers. We are providing our customers with services throughout Pakistan. There is hardly a single town where you cannot find a Honda service facility. Almost every city has got Honda’s sales dealerships. At this very moment there are 650 dealers across Pakistan. Then we have developed the 5S concept as opposed to the 3S concept.Normally companies provide only 3S that is Sales, Service and Spare parts. But in addition to that we also provide additional Second exchange which means you can trade in your old motorcycle for a new one. Then there is Safety. Then to satisfy the customers we have customer care department. There’s a telephonic department which takes care of the customers. We are going to introduce new CRM software next month. If you buy a motorcycle today all your information will be entered. Previous issues will also be displayed in it. You would be greeted by your name upon calling the department and your picture will also be shown.†Q15. How have you successfully managed portfolio of products? Ans. â€Å"We currently have 7 models in production. Everything is controlled by the General Manager. We have a very big setup. A very vast one. There are many things under the General Manager which are being monitored by different  people. We have a department of product planning. All the pros and cons of all models are discussed there. Then the marketing department is also related to them.They decide the best way to sell the product. There are no bookish systems here in this company as you study in the university. Many of the books and theories that you have studied, you won’t find them here. We have got a very straight system here. There’s only one channel of distribution. The company makes the product and then gives it to the dealer. There is no such thing as sales dealer or this and that dealer. More than 90% of the pla nning done here is successful.†EvaluationQ1. How effective is this sales manager? Ans. He is a very effective sales manager. He has effectively organized the sales force in such a way so that no territory is left out. He is vigilant about providing training to employees so that their skills may be developed and they are able to work to their full potential. He is a good leader and actively motivates his sales force to achieve their targets and instructs his sales force to foster long term relationships with their customers.Q2. Which of his/her activities are reflective of what you learned in class and what activities differ? Ans. He organized his sales force and divided the market into territories in order to use his sales force efficiently. He instructs his sales force to use CRM to better manage and service customers and to retain their information about previous purchases and problems for easy access. He gives great importance to training and developing his salespeople so t hat they may overcome any weaknesses. And he gives great importance to generating customer relationship value rather than just making a one-time sale to a customer.Q3. How do they differ and why do they differ? Ans. There is hardly anything among his activities as sales manager that differs from what we studied in class, as he has organized and developed his sales force very effectively, hardly leaving any room for improvement.

How to Cite a Website in Harvard Referencing

How to Cite a Website in Harvard Referencing How to Cite a Website in Harvard Referencing With so much information now available online, you may need to cite a website in a piece of academic writing at some point. But since most referencing systems focus on books and journals, knowing how this works can be tricky. Thus, to help out, we’ve prepared this quick guide to citing a website using Harvard referencing. In-Text Citations (Named Author) To cite a website in Harvard referencing, you will need to give the author’s surname and a year of publication. For instance: Rousseau converted to Catholicism in 1728 (Bertram, 2010). If you have already named the author in the main text, though, you don’t need to duplicate this information in the citation. Instead, you can just give a year of publication in brackets after the author’s name. In addition, since websites don’t have page numbers, you will not usually need to give a pinpoint citation when quoting an online source. However, for long or complicated texts, you could include a paragraph or section number (use â€Å"para.† to signal a paragraph number or the â€Å" §Ã¢â‚¬ Ã‚  symbol to denote a section). So to cite a website like this, we would write: According to Bertram (2010,  § 2.1), Rousseau thought morality had been displaced by â€Å"the impulse to dominate, oppress and exploit.† Make sure to check your style guide for information on citing sources with no page numbers, though, as different places will have different rules. In-Text Citations (No Named Author/Date of Publication) To cite a website that does not name its author, the best approach is usually to reference an organizational author instead. This will be the company or organization that runs the website: Tax avoidance often involves using contrived transactions that serve no purpose other than exploiting legal loopholes (HMRC, 2016). If no date of publication is available, you can use â€Å"n.d.† in its place: Moths are â€Å"an essential part of food chains† (RSPB, n.d.). It can be hard to spot the author and publication date for websites, though, so make sure to check carefully before omitting this information from citations. How to Cite a Website in the Reference List As with any source in your work, you should add all cited websites to a reference list at the end of your document. The information you need here is: Author Surname, Initial(s). (Year or Publication/Last Update) Title of Web Page [Online]. Available at: URL [Accessed date]. In practice, then, the reference list entry for a website would look like this: Bertram, C. (2010) Jean Jacques Rousseau [Online]. Available at: plato.stanford.edu/entries/rousseau/ [Accessed 24 October 2016]. Of course, if a webpage is missing a named author or date of publication, this should also be indicated in the reference list: RSPB (n.d.) Grow Food for Moths [Online]. Available at: https://ww2.rspb.org.uk/makeahomeforwildlife/givenatureahomeinyourgarden/gardenactivities/growfoodformoths/ [Accessed 19 September 2016]. A Quick Note on Harvard Referencing Although Harvard referencing is a common citation style, it is not a single unified system. As such, the rules your school uses may differ, so you should always check your style guide if you are not sure how to cite sources.

the tunnel of samos Essays

the tunnel of samos Essays the tunnel of samos Essay the tunnel of samos Essay One of the greatest engineering achievements of ancient times is a water tunnel, 1,036 meters (4,000 feet) long, excavated through a mountain on the Greek island of Samos in the sixth century B. C. It was dug through solid limestone by two separate teams advancing in a straight line from both ends, using only picks, hammers, and chisels. This was a prodigious feat of manual labor. The intellectual feat of determining the direction of tunneling was equally impressive. How did they do this? No one knows for sure, because no written records exist. When the tunnel was dug, the Greeks had no magnetic compass, no surveying nstruments, no topographic maps, nor even much written mathematics at their disposal. Euclids Elements, the first major compendium of ancient mathematics, was written some 200 years later. There are, however, some convincing explana-tions, the oldest of which is based on a theoretical method devised by Hero of Alexandria five centuries after the tunnel was completed. It calls for a series of right-angled traverses around the mountain beginning at one entrance of the proposed tunnel and ending at the other, main-taining a constant elevation, as suggested by the diagram below left. By measuring the net istance traveled in each of two perpendicular directions, the lengths of two legs of a right triangle are determined, and the hypotenuse of the triangle is the proposed line of the tunnel. By laying out smaller similar right triangles at each entrance, markers can be used by each crew to determine the direction for tunneling. Later in this article I will apply Heros method to the terrain on Samos. Heros plan was widely accepted for nearly 2,000 years as the method used on Samos until two British historians of science visited the site in 1958, saw that the terrain would have made this method unfeasible, and suggested an alternative f their own. In 1993, I visited Samos myself to investigate the pros and cons of these two methods for a Project MATHEMATICS! ideo program, and realized that the engineering problem actually to be determined at the same elevation above sea level; and second, the direction for tunneling between these points must be established. I will describe possible solutions for each part; but first, some historical background. Samos, Just off the coast of Turkey in the Aegean Sea, is the eighth largest Greek island, with an area of less than 200 square miles. Separated from Asia Minor by the narrow Strait f Mycale, it is a colorful island with lush vegeta-tion, beautiful bays and beaches, an d an abun-dance of good spring water. Samos flourished in the sixth century B. C. during the reign of the tyrant Polycrates (570-522 B. C. ), whose court attracted poets, artists, musicians, philosophers, and mathematicians from all over the Greek world. His capital city, also named Samos, was situated on the slopes of a mountain, later called Mount Castro, dominating a natural harbor and the narrow strip of sea between Samos and Asia Minor. The historian Herodotus, who lived in Samos in 457 B. C. , described it as the most famous city of its time.

Foster Care in the Criminal Justice System

Foster Care in the Criminal Justice System How Foster Care affects the criminal justice in the United States A detailed history of the creation of the social agency Historically, the destiny of dependent children has been put on adult’s contributions and goodwill where adults were expected to look after the dependent children. Throughout the history of the United States, the children welfare system has evolved according to shifting values and attitudes about what responsibilities governmental agencies should take in the defence and care of abandoned and abused children. In the US, it was English Poor Law, which led to the growth and eventual legislation of family foster care.Advertising We will write a custom essay sample on Foster Care in the Criminal Justice System specifically for you for only $16.05 $11/page Learn More In the year 1562, these regulations permitted the placements of needy children into practice service until they were old enough to be self-sufficient. When the children beca me old enough, they were permitted to move on with life and live on their own. This system was brought to the US and marked the foundation of placing children into willing families. Although this practice allowed cruelty and mistreatment, it was a step ahead from almshouses where children didn’t gain any skills and were exposed to unbearable environs and unsavoury people. At this time, the early government interventions on behalf of children needing care were characterized more by realistic concerns about meeting the physical needs of children rather than by concern about the negative consequences of abuse and abandonment of children’s development. John (1993) notes â€Å"in 1636, at the time the Jamestown Colony was found, aged seven years old, Benjamin Eaton became US’s first foster child.† As public awareness about child abuse and the damage it caused grew, the importance of child protection received greater attention by government officials. (Tarren Hazell 2006) notes â€Å"in 1853, Charles Loring Brace, then a minister and director of the New York Childrens Aid Society, formed the free foster home movement group with the main concern of the increasing number of homeless and hungry children in the streets of New York.† Brace saw the need and came up with a system to offer these children homes. Acknowledging, it was Braces caring and imaginative actions which marked the beginning of the foster care agency. (John 1993).Advertising Looking for essay on family law? Let's see if we can help you! Get your first paper with 15% OFF Learn More Gradually, the foster care system started to take course. Starting in the early 1900s, the federal Government and other social bodies became more concerned and engaged themselves in looking and offering homes to these needy children. Now, foster parents were required to have licences and have reports and records to ensure that the children received proper care of in a decent and dependable manner. In 1997, the Adoption and Safe Families Act (ASFA) was enacted and was meant to reduce the duration children were permitted to remain in foster care before they could be adopted. The Foster Care Independence Act of 1999 was passed to help promote youths who were becoming of age to attain self-sufficiency. The most recent legislation is the Fostering Connections to Success and Increasing Adoptions Act of 2008, which extends other benefits and financing for foster children at the age bracket, 18-21 and for Indian children in racial regions. A presentation of the mission statement of the social agency Foster care is inspired to provide a place where children can heal, fostering families build up, and where peacefulness and private development are achieved. The intention of foster care agency is to evade unnecessary institutionalization of children and adults by offering caring, community-based, in-home placings to the many needy children. The mission of foster care under the child welfare system in the United States is to provide care to children. The system recognizes that foster care should be an inclusive teamwork effort among the care-givers, social workers, the placing agencies, the birth parents, the children and those contributing to the children’s welfare. Foster care is not only put in place to cater for the provision of safe alternative homes for neglected children but to provide permanent and well being for the children. The role of foster care is a surrogate parent to the children and infants. The social agency’s role of provision of permanent and long-term foster care to children and young people in need of a permanent family placement is a very vital issue that the social agency strives to fulfill. It is not only relevant for the social agencies but also for the judicial system. Foster care promotes family-based assistance to out-of-home children by: enabling the exchange of information among persons and organizations of different regions; enhancing foster care as a vital plan of family based care; organizing conferences and seminars; consultations; socializing; and assistance. It aims at providing safe, permanent and fostering families within the children’s own environment by sustaining bonds; thus reducing the negative impacts.Advertising We will write a custom essay sample on Foster Care in the Criminal Justice System specifically for you for only $16.05 $11/page Learn More Financial reports/summaries of the operations of the social agency In 1995, each state got more than $2.7 billion in federal aid for about half of the approximated The Federal government offers significant financial assistance to fund foster care programs. The government’s contribution is seen to have grown from about $300 million in 1981 to nearly $10 billion in 2005. According to the General Accounting Office, in 1993 almost $1.2 billion Federal dollars were allocated to foster care maintenance, while a supplementary $1.2 billion in refunds were allocated to states for foster care-related administrative programs in 495,000 children in foster care. By 2001, federal assistance rose to $4.7 billion with the number of foster care children assisted by the federal increasing by about 26%. According to a study conducted by the Child Welfare League of America, â€Å"the annual welfare cost of one child living with his or her mother is $2,644, while the average cost for the childs care in residential group care is $36,500.† (U.S. Dept. of Health and Human Services 2004). Currently, the annual expenditures on foster care services are estimated at 15 billion dollar. A critical analysis of the effectiveness of the social agency The Fosters care agency has a lot of challenges that affect its effectiveness when caring out its mandate. The social agency plays a very crucial role as it has a character of the social rehabilitation agency. The social agenc y faces limited recourses despite the fact that there has been a growing demand for the services nationally. Therefore the agency cannot carry it some of it vital roles hence lack the positive results that the agency is supposed to deliver. The lack of resources has resulted in missing the targets set by the agency as its daily expenditure increases especially in the training programs for the foster parents and adolescent children and in maintaining its interaction with the criminal justice system. (Harden 2004) The agency has a very intensive program which is involved in the training of children who have different social problems. The involvement of children in juvenile delinquencies stems from exposure to abuse and an extremely distressing experience that causes severe emotional shock and may have long-lasting psychological effects often co-occurs with mood and anxiety problems among children and young people. Other causes may be depressing relationships between the children and t heir surroundings and social hostility. For girls it is much more complex due to the fact that they are present in male oriented institutions and programs that are not well crafted to their specific needs. Therefore there is need for services to be based and set up in consideration of gender. This highlighted by figures showing a steady increase in delinquencies among females as compared to males (Lawrence, et al 2006) ways in which the social agency could improve its effectiveness towards its social goals.Advertising Looking for essay on family law? Let's see if we can help you! Get your first paper with 15% OFF Learn More The social agency in its endeavor to improve its effectiveness and realize its mission and goal of providing permanence in foster care to underprivileged children, should prepare reports on a monthly basis so as to assess progress and analyze what needs to be done. This reports should be discussed by all stakeholders so that solutions and policies being developed should be inclusive and be able to cater for all children under foster care whether males or females. The criminal justice board should carry out periodical monitoring workshops to ensure that the agencies are effective. Cooperation between the social agency and the criminal justice system is very vital for effective services to be realized. The social agency should adhere to performance analyst monitors put in place by the criminal justice system and analyses performance in relation to warrants, community penalty breaches and awarding of licenses. On the other hand, in case of breach of the rules and regulations by social agencies, the criminal justice system should effect penalties such as revocation of licenses. Prediction concerning the future of the social agency and its impact on the criminal justice system The Future of the social agency lies in it taking measures to correct the current challenges that it is facing in order to remain efficient and effective and more importantly, have a healthy and sustainable relationship with the criminal justice system. In order to do this, the agency should be well funded to run its programs effectively thus not experience budgetary constraints as it is have before. In addition the agency should recruit more Para-legal and legal staff to assist in the judicial and legal operations that hence making it easy to work with the criminal justice system by bringing corrective programs into its system at an early stage. Another issue affecting the agency is lack of enough placements hence more children are still being left out in hostile environments whereby they de velop into juveniles at a very young age and carry with them this trait into adulthood or into the foster care program should they get a placement. Past research has shown that former children in foster homes, at least 42 per cent of them ended in prisons once they got into adulthood while 15 percent of them got to prison during their teen hood. Therefore in order for the agency to be successful, apart from its economical and human resource factors, the agency should take into account the role that placement of children in homes has on them. Thus children who are placed in environmentally friendly homes grow to develop positive attributes while those who are in hostile environments develop negative attributes, a factor that plays a big role in them ending up in prison later on. Thus both the agency and the criminal justice system should device positive and educative training programs to train the children into being more positive and self conscience while getting rid of attributes t hey might have acquired during the foster program. Also there should be continuous supervision of children in the program to ensure that they are in placements that contribute to their welfare in the end. (U.S. Dept. of Health and Human Services 2004). Hence if all the above factors are taken into consideration, the agency is bound to produce positive results while decreasing the number of children who end up in the criminal justice system. References Harden, B (2004). Safety and stability for foster children: a developmental perspective. The Future of children / Center for the Future of Children, the David and Lucile Packard Foundation. Vol. 11, pp 34-89. John K. ( 1993). Adoption of Children with Special Needs, Brookings Institution: The Future of Children, Vol. 3, Adoption, pp. 62-76 Lawrence, C. Carlson, E Egeland, B (2006). The impact of foster care on development. Development and psychopathology, Vol 1, pp. 57–76. Tarren, M; Hazell, P (2006). Mental health of children in foster and kinship care in New South Wales, Australia. Journal of paediatrics and child health, Vol 3, pp. 89–97. U.S. Dept. of Health and Human Services, (2004). Child Maltreatment, Vol 6, pp.25-96.

1.Critically evaluate how gender intersects with other axes of Essay

1.Critically evaluate how gender intersects with other axes of difference. Assess the implications for policy with reference to a case study - Essay Example Here we discuss the notion of intersectionality – that which looks at the multiple, socially-constructed categories that interact in complex and multidimensional ways to produce and reproduce structures of inequality. It is hinged in the idea that themes of gender, race and class should be perceived not as independent from each other, but as overlapping structures of oppression and exploitation that must be addressed and resisted together as it â€Å"shapes those upon whom it bestows privilege as well as those it oppresses.† (Frankenberg: 1993: 131).† If we begin to trace the root of gender differentiation, and even subordination, it is imperative to consider the notion of gender as social construct and see how men and women are assigned different social roles and are treated or considered differently because of perceived biological differences. As expressed by Lorber (1994: 56) – Western society’s values legitimate gendering by claiming that it all comes from physiology – female and male procreative differences. But gender and sex are not equivalent, and gender as a social construction does not flow automatically from genitalia and reproductive organs, the main physiological differences of females and males. In the construction of ascribed social statuses, physiological differences such as sex, stage of development, color of skin, and size are crude markers. As a result of this, women were then considered less able than men and therefore must be submissive to the husband. Her greatest asset is her purity. Women have been considered as the weaker sex, unable to carry out masculine tasks and duties requiring intellectual development. In the past, a little girl would learn from her mother that a woman’s place was at home – doing household work like cooking and cleaning and watching over young children. Indeed, societal norms have greatly affected women in many cultures. Women, in most cultures, are

Internship Personal Statement Example | Topics and Well Written Essays - 3000 words

Internship - Personal Statement Example The Matteson Police Department is in the Village of Matteson which is located 28 miles southwest of Chicago's downtown and has a population of 16, 579. The department's reason for existence is emphasized in its mission statement as "to respond to a multitude of situations that require a person with unique authority to assist in reducing or resolving problems associated with law enforcement and public order maintenance." With this commitment, the Matteson Police Department carries out its day to day activities through its Chief of Police, 41 sworn officers, and ten full time civilian employees. The agency is headed by Chief of Police Norm Burnson and is organized into departments according to their respective responsibilities. With the establishment of a single goal, the police department is unified in acting to the best benefit of the Matteson Village. The organizational structure is highly centralized with most of the power emanating from the superior to the lower level officers. The chain of command is highly established and power distance is relatively high. The respect between officers and other employees becomes very visible through all their dealings and interaction with each other. I have also noted that the chain of command is more pronounced especially in situations where decision making is very important. Operating in a relatively small village, the staffs in the Matteson Police Department are very much familiar with the citizens in the area. On many occasions, the officers extend their friendship, greet the people that they know, and even call some by their first names. In other cases, I have witnessed how the staff shows their authority especially in the enforcement of different regulations. The Matteson Police Department has showed me the difficult task of striking a balance between being firm and authoritative in law enforcement while being friendly and approachable. All in all, the agency bestowed respect to the villagers acknowledging their rights and punishing them for their misconduct. I believe that this level of socialism and professionalism instilled the public with the respect which is due to the officers. However, some of the arrested individuals have been apprehensive and uncooperative during the necessary police processes. As an intern, I am very impressed with the warm welcome from the staff of Matteson Police Department. From the first day of my internship with them to the last, they have been very helpful in letting me acquire the knowledge and experience that I need. Being around professional and highly sociable staff, I have tried my best to deal with the public the same way that they do. Notwithstanding the fact that I am just an intern, I never find it difficult to deal and relate with the villagers because they have also been cooperative with me. My internship at the Matteson Police Department has mostly been on routine patrol. In order to familiarize myself with typical police jobs and responsibilities, I have been given the chance to ride patrols with different officers and in different occasions. I have also observed and learned how emergency calls are

Prime Minister's Question Time Essay Example | Topics and Well Written Essays - 750 words

Prime Minister's Question Time - Essay Example he tasked the prime minister to respond to whether his government will remain on record from 1920 as the only government that left the economic conditions of the citizens worse than he found them. In his response, he refuted the claims that the economic levels of the overall citizens were deteriorating rather citing the record from International Monetary Fund (IMF) that signifies that Britains economic growth was on the rise. the records from IMF also signified that employment levels were on the increase again according to the response by the prime minister. from the 2010 manifestation of providing better life conditions. growth, jobs, and wages are increasing despite inflation. he refuted the issue of failing to attain economic growth through arguing that women employment and the youths employment levels are on the increase. From the Prime Ministers point of view, the energy policy and minimum wage policy are dangerous and will preset negative shifts of the within the economy. tax c uts that the government is providing is not only ensuring life is fair for the low income earners but also reducing the government reduction. Reduction of public spending and ensuring appropriate tax reports remain among the significant achievements leading to economic growth. He dismissed the idea of increasing minimum wage arguing that it will influence inflation and that focusing on overall economic growth is the essential factor. He disagreed with the idea of reducing the amount spent on defense to 2% of GDP arguing defense was a crucial factor within the growth of an economy. after the establishment of the inquiry committee six years the opposition accused the government of failing to table a report or focus on means of delivering the inquiry report of UKs involvement in the war in Iran. Cameron accused the opposition for voting

Humanitarian intervention Case Study Example | Topics and Well Written Essays - 2250 words

Humanitarian intervention - Case Study Example These abstract definitions, which are often social constructs, become even more problematic when viewed through the lens of legitimate ethical concerns. Does a foreign power have the right to intervene and restore order when the disruption of food supplies results in the starvation of massive numbers of children' Does a world military power have the moral obligation to inflict democracy on a people that are oppressed economically, politically, and socially and do not have the benefit of free elections and choice' These questions have come before the international bodies such as the United Nations (UN) and the North Atlantic Treaty Organization (NATO) in recent years as the Palestinian oppression, the atrocities in Kosovo, and the genocide in Darfur beg for resolution and are met with impasse and impotence on the world stage. Humanitarian relief and armed intervention is an issue too complex to be limited by preset rules and needs to be assessed on a case-by-case basis with morality a nd ethics as the only relevant veto powers available. The problems that are presented by international bodies in pursuing an armed humanitarian intervention are very clearly evident in the conflict that arose in Kosovo in 1998-1999. International law presented several obstacles to any unilateral or multi-lateral actions without the near unanimous consent of the United Nations. Article 2(4) of the UN Charter explicitly prohibits military intervention into the internal affairs of any state, and that prohibition extends regardless of ideology (democratic or dictatorial), morality of the ruling government, or intervention for humanitarian purposes (Henkin, 1999, p.824). According to UN rules, certain ruling members have a veto power and in the case of Kosovo, Russia and China were willing to block any unanimous consensus on military intervention. Due to post Cold War animosities, "geography and politics rendered unanimity by the permanent members in support of military action (especially in the Balkans) highly unlikely" (Henkin, 1999, p.82 5). The United Kingdom, with support of the US, moved forward without the approval of the UN, opting instead to invoke the collective approval of NATO as a legitimate international body that took precedence over the UN based on regional concerns and authority. Legal scholars generally agree that the NATO action in Kosovo was in violation of international law, though it can be justified through ethical and moral reasoning. While there is some debate on the ultimate effectiveness of the campaign and the amount of suffering alleviated, the focus should remain on the intent of the action. There is no doubt that there were political pressures that moved the impetus to provide humanitarian relief. The NATO action in Kosovo was taken to provide humanitarian relief, avert further catastrophe, prevent the destabilization of key parts of Europe, and to maintain the legitimacy of NATO (Wedgwood, 1999, p.829). Taken one at a time these goals may be insufficient, but their collective weight makes the action more acceptable. However, the fact that this was a Caucasian country and a Euro-centric action cannot be overlooked. Would this action have been initiated if the population were a black African nation' According to Coady (2002, p.26), "responses to exterminations need close examination lest they do contain elements of mere prejudice,

What's your point of view Essay Example | Topics and Well Written Essays - 500 words

What's your point of view - Essay Example Video games function in a manner that an actual game in a real world is computer programmed and hardware is made, which aid in controlling the application. The world has witnessed an exponential growth of video and computer games all over the world. Almost all children in developed countries have witnessed or experienced how video games function. Instead of buying regular toys for children, parents nowadays buy their children video games since they are extremely popular (Schlimme 1). Video and computer games have many advantages. These include; improving cognitive skills in children who play these video games. Video and computer games have proved to be kits that instill motivation in children, as it is required that they play and advance to the next phase or level, which is more thrilling and interesting. Video and computer games are beneficial in the field of medicine because they are applied as part of therapy for patients with physical injuries (Medoff & Kaye 72). In physiotherapy, the games aid patients in developing motor skills and coordination. The extent to which a child or an individual concentrates when playing a game is known to relieve the child or individual’s mind from any psychological suffering or pain. Video and computer games are also educational materials as they can help in learning some math problems and language skills. Ultimately, video and computer games are main sources of psychological motivation since they put the players throug h feats, which they have to survive with the objective of moving to the next phase or level (Godara 102). As much as video and computer games are beneficial to the children and adults who play them, they have some elements, which display their detrimental nature. The great numbers of video and computer games that have themes of violence create a great havoc on the individuals who experience these games. These individuals are likely to behave in an

Humanitarian intervention Case Study Example | Topics and Well Written Essays - 2250 words

Humanitarian intervention - Case Study Example These abstract definitions, which are often social constructs, become even more problematic when viewed through the lens of legitimate ethical concerns. Does a foreign power have the right to intervene and restore order when the disruption of food supplies results in the starvation of massive numbers of children' Does a world military power have the moral obligation to inflict democracy on a people that are oppressed economically, politically, and socially and do not have the benefit of free elections and choice' These questions have come before the international bodies such as the United Nations (UN) and the North Atlantic Treaty Organization (NATO) in recent years as the Palestinian oppression, the atrocities in Kosovo, and the genocide in Darfur beg for resolution and are met with impasse and impotence on the world stage. Humanitarian relief and armed intervention is an issue too complex to be limited by preset rules and needs to be assessed on a case-by-case basis with morality a nd ethics as the only relevant veto powers available. The problems that are presented by international bodies in pursuing an armed humanitarian intervention are very clearly evident in the conflict that arose in Kosovo in 1998-1999. International law presented several obstacles to any unilateral or multi-lateral actions without the near unanimous consent of the United Nations. Article 2(4) of the UN Charter explicitly prohibits military intervention into the internal affairs of any state, and that prohibition extends regardless of ideology (democratic or dictatorial), morality of the ruling government, or intervention for humanitarian purposes (Henkin, 1999, p.824). According to UN rules, certain ruling members have a veto power and in the case of Kosovo, Russia and China were willing to block any unanimous consensus on military intervention. Due to post Cold War animosities, "geography and politics rendered unanimity by the permanent members in support of military action (especially in the Balkans) highly unlikely" (Henkin, 1999, p.82 5). The United Kingdom, with support of the US, moved forward without the approval of the UN, opting instead to invoke the collective approval of NATO as a legitimate international body that took precedence over the UN based on regional concerns and authority. Legal scholars generally agree that the NATO action in Kosovo was in violation of international law, though it can be justified through ethical and moral reasoning. While there is some debate on the ultimate effectiveness of the campaign and the amount of suffering alleviated, the focus should remain on the intent of the action. There is no doubt that there were political pressures that moved the impetus to provide humanitarian relief. The NATO action in Kosovo was taken to provide humanitarian relief, avert further catastrophe, prevent the destabilization of key parts of Europe, and to maintain the legitimacy of NATO (Wedgwood, 1999, p.829). Taken one at a time these goals may be insufficient, but their collective weight makes the action more acceptable. However, the fact that this was a Caucasian country and a Euro-centric action cannot be overlooked. Would this action have been initiated if the population were a black African nation' According to Coady (2002, p.26), "responses to exterminations need close examination lest they do contain elements of mere prejudice,

Application essay Example | Topics and Well Written Essays - 250 words - 3

Application - Essay Example Similarly, the college has a well-versed faculty, with long time experience both in the profession and in the classroom. The faculty ensures that the students channeled out are ready to face the challenges of the market. With innovative technology, modern classrooms, and friendly staff, I believe the college has the best future for me. My personal interest in the pharmaceutical field is rooted in my desire to leave a mark for the improvement of others health. During high school, I was party to the school’s first aid team, and it is where my interest in the profession grew. I have had the prerogative of fostering my interest by attending various community health seminars, giving me an advantage in the profession. I prefer to pursue a career that provides my life with both meaning and satisfaction. My pursuit of excellence has always been realized academically. In thus profess to continue to challenge my persona with the rigorous pharmacy program at the college of pharmacy and pharmaceutical sciences of nova

Effects of Improving Productivity in Lost Foam Industry Essay Example for Free

Effects of Improving Productivity in Lost Foam Industry Essay The lost foam or expendable pattern-casting process is a relatively new process in commercial terms, but is gaining increased attention due to the environmental and technical benefits that are achievable for some types of casts. In the lost foam casting process, an expendable pattern is formed out of polystyrene foam. Patterns can be made manually, using automated systems or by molding those using a permanent die. Manual pattern making typically involves carving blocks and gluing sections together to build up the desired shape. The finished pattern is a single piece (i. e. no cores) incorporating all necessary gating systems. Process details and organizational: Lost foam casting is a type of investment casting process which uses foam patterns as the investment. This technique takes advantage of the properties of foam to plainly and inexpensively form castings that would be complicated or impossible, using normal cope and drag techniques. Why foam casting? In the world of metal casting, there are only three non-captive aluminum lost foam job shops exist, where the traditional process called sand casting remains at the top. But most of the companies could offer only with a lost foam facility. The manufacturers gives value-added castings, though the casting part might be initially more expensive, but the entire cost of the component, for the reason that of reduced or eliminated machining, less assembly and less of the other aspects, can make it more commercial for its customers. The green sand, permanent mold and die cast are lot of established processes but there is only handful of lost foam aluminum users. Even though the fact that there are only a small number of lost foam job shops across the country, some of the Irish and American Foam Cast still have to compete in the entire metal casting market. Due to the higher tooling costs than traditional casting the customers disregard lost foam strictly. Initially customers might be turned away by costs, but comparing to those cast by traditional methods certain lost foam components can be less-expensive. When estimating lost foam, with a total-cost point of view from design to finished component, customers save on unavoidable expenses in sand casting. Some of the customers were hesitant on utilizing lost foam because of its intricacies, when the Foam Cast drew in its first potential customers. But lost foam supplies the ability to design without interior while casting in geometry and features from the start. The lost foam can facilitate the staff to execute direct administration correctly over the casting process even with in the facility. Lost foam can also fabricate multiple parts to make one casting from thin to thick wall components independent of a riser. Advantages of Lost Foam Casting †¢ The lost foam casting can be used for precision castings of ferrous and non-ferrous metals independent of size. †¢ Compared to sand casting fewer steps are involved in lost foam casting †¢ In the foam casting system ‘Core making’ is eliminated. †¢ Binders or other additives and related mixing processes are eliminated. †¢ High dimensional accuracy can be achieved and thin sections can be cast (i. e. 3 mm). †¢ There is lower capital investment. †¢ The flasks used are less expensive and easier to use because they are in one piece. †¢ The need for skilled labor is reduced. †¢ Multiple castings can be combined in one mould to increase pouring efficiency. †¢ Lower operating costs can be achieved for appropriate castings. †¢ Complex castings, particularly internal sections, which require high dimensional accuracy and have thin sections, can be produced very cost effectively in comparison with to conventional sand molding processes. †¢ Fettling and machining is minimized due to high dimensional accuracy and the absence of parting lines or core fins. †¢ The shakeout process is simplified and does not require the heavy machinery required for bonded sand systems. †¢ High levels of sand reuse are possible. As little as 1-2% of the sand is lost as a result of spills. Periodically a portion of sand may need to be removed or reclaimed to avoid the build-up of styrene. Advantageous Productivity Areas of Lost Foam Process in Industry: ? Reduce Production Costs – The lost Foam process provides opportunity to reduce the labor as well as the content of energy and make other efficiency improvements must be pursued. As the activity based cost accounting approaches do the Lean manufacturing, six sigma and other concepts to progress operating efficiencies need to be practiced. Revolutionary technologies and process changes also should be investigated to achieve metal casting without the use of tooling. The industry should investigate the application and blending of statistical, shop floor layout, computer numerical control, and scheduling technologies to radically change the nature of EOQ’s, production release sizes, inventory levels, and delivery performance in metal casting plants. ? Reduce the Energy Content of Cast Products – In the lost foam system the energy consumption can be reduced by improving product quality thereby decreasing the scrap and melting requirements. The Improvements in equipment and process efficiencies can also save energy. The foam casting industry should build up a complete understanding of thermo physical behavior of alloys in melting, flow, and solidification as well as the capability to accurately simulate these behaviors. ? Waste Management – In the foam casting system, in order to enable increased reuse of foundry sand and other by-products and waste streams, more environmentally sound binders, and better emission treatment, the improvement in process are required. These Process improvements will also help to reduce scrap and thereby waste in casting processes. ? Reduced Labor Content of Cast Products –the current foam casting practices must be investigated in order to identify opportunities to decrease the number of steps in the process, develop and implement no-touch casting processes, and execute advanced information and control technologies. ? High-Quality, High-Performance Engineered Cast Components –the techniques to progress quality, precision and performance will result in fewer customer returns. The foam industry must develop an understanding of all process variation which affects the performance of castings in their applications; and develop process controls to ensure that variation is within allowable limits. Better performing products will also open new markets for metal castings. Tools are needed to capture digital, analog, or computer vision signals from all levels of the metal casting process to provide real time feedback about process status and to provide the ability to correct variances before they become product defects. The current status of Metal Casting Industry: According to Donahue â€Å"There have been significant advances from the past two years in aluminum lost foam, and yet domestic growth is almost non-existent†. The development have been made possible not because of a large group of lost foam metal casters but because of individual metal casters. According to Donahue, this influx of capital has contributed to advances in eight key areas of aluminum lost foam casting: * New types of foam which resists the folding and creating voids; * Improvement of the metal interface with sand by coatings; * Sand with low expansion rates that fill more quickly and completely; * More capable compaction systems; * reduced porosity through pressurized solidification; * Alloys that is more compatible with the filling process unique to lost foam; * modeling software; * gating advancements, such as hollow fiber sprues. Lean Manufacturing Lean Manufacturing is an operational strategy oriented achieving towards the shortest achievable cycle time by eliminating the waste. Its key thrust is to increase the value-added work by eliminating waste and reducing incidental work. The procedure often decreases the time between a customer order and shipment, and it is designed to radically improve profitability, customer satisfaction, throughput time, and employee morale. The advantages are lower costs, higher quality, and shorter lead times. The term lean manufacturing is invented to represent half the human effort in the organization, half the manufacturing space, half the investment in tools, and half the engineering hours to develop a new product in half the time. Jones and Mitchell (2006) as cited in Clive Atkinson Dr Margaret Linehan suggests Four significant benefits that can be gained through the adoption of lean management to an organization. First, increased productivity with the same workers with the existing resource levels. Second, the Improvement of delivery of work within less time. Third, reduction of error or defects and improved quality. As a Fourth one, Improved Customer satisfaction derived from the improved staff morale and a stable workforce. The characteristics of lean processes are: 1. Single-piece production 2. Repetitive order characteristics 3. Just-In-Time materials/pull scheduling 4. Short cycle times 5. Quick changeover 6. Continuous flow work cells 7. Collocated machines, equipment, tools and people 8. Compressed space 9. Multi-skilled employees 10. Flexible workforce 11. Empowered employees 12. High first-pass yields with major reductions in defects Lean Manufacturing integrates the use of Heijunka, level sequential flow, the heartbeat or pace of the production system, continuous flow manufacturing, cellular manufacturing, and pull production scheduling techniques such as Kanban. The Lean module explores the 5 Principles: †¢ Value: it deals with –What the customer is willing to pay for. †¢ Value Stream: Actions which adds value to a product or process. †¢ Flow: The continuous movement of product, favoring single-piece flow and work cells versus production lines. †¢ Pull: Replacing only material that is used and eliminating excessive inventory. †¢ Strive for Perfection: A relentless elimination of waste on a never-ending basis. Applying Kaizen as a Tool of Lean Manufacturing Technique: Kaizen Event: This is a quick-hit method for Lean process improvement. This tool needs organizational learning and readiness for implementation and is a power tool to eliminate waste in the facilities of casting industry. . Tools: Kaizen Model Kaizen was created in Japan following World War II. The word Kaizen means continuous improvement. It comes from the Japanese words kai which means change or to correct and Zen which means good. The Mixed model, one piece flow manufacturing can become a reality only when setup can happen in seconds. In these days several companies are doing mixed model assembly. Progressive automobile manufacturers use mixed model assembly methods to customize each vehicle as it comes down the line. The power of the approach presented in kaizen for quick change over is to help make it possible to do mixed modeling in production as well by making changeovers even faster. Kaizen is a system which involves every employee from superior management to the cleaning crew. Everyone is encouraged to come up with small improvement suggestions on a regular basis. This is not a once a month or once a year activity, it is a continuous process. These repeated small developments add up to major benefits. These will result in improved productivity, improved quality, better safety, faster delivery, lower costs, and better customer satisfaction. Above all of these benefits to the company, the employees working in Kaizen-based companies generally feels easier to work and more enjoyable resulting in higher employee moral and work satisfaction, and lower turn-over. With every employee looking for ways to make improvements, the expected results will be: Reduces Waste: In particular areas such as inventory management, waiting times, transportation, and worker motion, employee skills, over production, excess quality and in processes kaizen model will reduces wastage. Improvement: it improves in space utilization, product quality, use of capital, communications, production capacity and in the maintenance of employee. Kaizen Offer: It provides immediate results in the organization. Instead of focusing on large, capital intensive improvements, Kaizen focuses on creative investments which solve continually more number of small problems. Still the large and capital projects and major changes in that are needed; nevertheless kaizen improves the process of capital projects, the real power of kaizen is in the ongoing process of frequently making small improvements which develops the processes and reducing waste simultaneously. SMED SYSTEM: The other tool called SMED system is a process which makes possible to perform arrangement of equipment and changeover operations with in ten minutes, and is also used as an element of Total Productive Maintenance –TPM. Effects of 1. Forming of Implementation Team: The production employees/executors and professional team members, having responsibilities in their own sectors, represent the best alternative for team members. The purpose in implementing the 5S techniques is to enlarge the effectiveness through the development of knowledge and skills of the workers, and their responsibility. By this technique workers become more dedicated to their work; they are capable to understand appropriately the given situation and can take the correct decisions. Hence the implementation team members must act as a machine, production, tool and design technologist. 2. Training: The maintenance employees have to perform changeover team and machine setup has to be introduced into and qualified in implementing new methods and the procedures introduced into changeover procedures minimum once a week. Clarifying all the misunderstandings, training is forecasted to be done per team and questions as well as giving clear directions to enable faster and easier tool exchange (SMED). 3. Survey and screening of the situation prior to the method implementation Every changeover detail are recorded in video and complete work activity sequence is written down. Every move and every activity of the operator have to be recorded specifically, hence any unnecessary activity to attain even worse results. The same procedure recording should be done after implementing the method to establish the effectiveness in both applying the method and accomplishing the result (SMED). 4. Classification of Activity: In the classification of activity it is consists of the analysis of recorded material and the activities which can be divided into two groups: the internal and external ones. External activities are all the set up activities which can be performed while machine is in operation; where as the Internal set up activities are the ones that can be performed only if the machine is not in operation. The Internal activities refer to the dismantling of used tool, to the mounting of new ones and ascertaining communication in line of machine tool (SMED). 5. Transforming internal activities into external activities: The Transformation of internal activities into external activities is much possible. It is the most proficient procedure ever for decreasing machine outage rates (SMED). 6. Improvement of internal activities minimization – Set the tools visually, at the hand of operator (5S) – Using the connectors that may be rapidly exchanged for all tool power sources (5S) – Possible Usage of as many locating pins for accurate tool positioning. (SMED) – Cranes with sliding transporters (SMED) – Using of cranes for heavy tools only (SMED) – Using of standard tools as possible (SMED) 7. Improvement of External activities: – Placing visual markings for easier and faster identification (5S) – Using check list to prevent unpredictable events in resources preparation (5S) – â€Å"At hand† tool organization (5S) – Work place organization that decreases tool search time (5S) – Using appropriate tool preheating machine along with adequate device (SMED). 8. Forming and Standardization of the SMED procedures. 9. Saves quantification of savings reached by SMED. 10. CIP (Continuous Improvement Process) Applicability of Lean to Lost foam Industry: The five-step thought process for directing the implementation of lean techniques is easy to remember, but not easy to achieve: 1. By using the product family –the specification of value from the standpoint of the end customer. 2. Elimination of steps when necessary, that do not create value and identifying all the steps in the value stream for each product family. 3. Make the value-creating steps occur in tight sequence such that the product will flow smoothly toward the customer. 4. As flow is introduced, permit customers to pull value from the next upstream activity. 5. As value is specified, value streams are identified, wasted steps are removed, and flow and pull are introduced, begin the process again and continue it until a state of perfection is reached in which perfect value is created without any waste. There are several approaches an organization must take to meet the desired goal. Here, are some outlined tips to ensure a continuous lean transformation. 1. Identifying the company’s cultural model: Culture answers the question of how do we do things around here? and is actually the accumulation of leadership behaviors. Any organization which is serious about becoming lean needs to identify its cultural model and determine how to close the gap from the current cultural state to the ideal future cultural state. Once the base of improvement action works to build new principles, values and behaviors into the organization, then the ideal culture aspired to and begin to work on organized progress toward that ideal state is to defined. In the end, the organizations culture determines the ultimate success of any lean transformation. 2. A process improvement culture should be build: After identifying this model, a culture that practices process improvement should be build as part of daily life. Changing from a reactive culture to a process-improvement culture requires embracing an opposite approach. 3. Establishing a practice of leadership involvement The senior leadership committed to lean improvement only to drop off after the implementation gets started. Bringing leaders to the point where they recognize how to seek out waste before removing it drives the success of lean transformation. 4. Continually engage in rapid improvement events The most effective way a manager or manufacturing engineer learns how to apply lean tools and concepts is through participation in the initial week-long improvement event. The next step is to establish a series of these events as you develop new processes and uncover additional areas of waste, which will help you incorporate lean into every aspect of the business. Effects of Improving Productivity in Lost Foam Industry: Metal Casting industries that apply Lean manufacturing principles can be seen improvements in the following areas: †¢ Reduced Manufacturing Lead Time to less than 1 day †¢ Improved Delivered Quality – The defect rate is reducing to Six SIGMA level which is 3 Parts Per Million †¢ Improved Delivery Performance to 99+% †¢ Increased Inventory Turns to greater than 50 turns per year †¢ Reduced conversion costs on materials to finished goods is to 25 – 40% which is less than mass producers †¢ Reduced Manufacturing space to 35 – 50% which is less than mass producers †¢ Reduces New product development rate to less than 6 months References: Clive Atkinson Dr Margaret Linehan, An Analysis of Lean Management Procedures within Irish Motor Dealerships: International Journal of Buisnessand Management Vol . 3, No. 11, Retrieved July 18, 2009, from http://ccsenet.org/journal/index. php/ijbm/article/viewFile/894/849 Dennis Sowards, Lean Thinking is not a Fad Diet, Retrieved July 18, 2009, from http://www. masetllc. com/news/pdfs/0306-1. pdf Lean management practices in the pharmaceutical industry Heiko Gebauer, Michael Kickuth, Thomas Friedli International Journal of Services and Operations Management 2009 Vol. 5, No. 4 pp. 463 – 481 Kaizen, Retrieved July 18, 2009, from http://www. graphicproducts. com/tutorials/kaizen/kaizen-benefits. php Lost-foam casting, Retrieved July 18, 2009, from http://www.reference. com/browse/wiki/Lost-foam_casting Modern casting, Retrieved July 18, 2009, from http://goliath. ecnext. com/coms2/gi_0199-3666396/Finding-a-niche-with-lost. html Lost Foam Foundries find Energy-Saving Opportunities, Retrieved July 18, 2009, from http://www. foundrymag. com/feature/feature/67804/lost_foam_foundries_find_energysaving_opportunities Hobert E. Eppicch, Implementa tion ofMetal Casting Best Practices, Retrieved July 28, 2009, from , http://www1. eere. energy. gov/industry/metalcasting/pdfs/implementation_final. pdf