Wednesday, October 30, 2019

Procurement Management Plan for Laces Essay Example | Topics and Well Written Essays - 1000 words

Procurement Management Plan for Laces - Essay Example It also throws light on the procedure of endorsement of agreement and decision making strategy. Approach: The plan should define plainly the compulsory stages and duties thought the life of the company. The company manager work with the project team, contract, purchasing department and vendors to go through different stages of the plan, and make sure that the plan should be able to guide the company in the effective termination of the project. Definition: The procurement definition identifies clearly the articles to be acquired and states associated circumstances. Procurement deadlines are also clearly defined which is very necessary for the effective accomplishment of the assignment. Thus in the definition articles to be procured should be listed, justification given, conditions stated and any other specification required must also be described. The names of the persons must also be given who can approve the purchase etc. in the absence of the manager. Table I: Shows the articles/se rvices to be procured, rationalization and deadline. Article/Service Rationalization Deadline 1. Laces Required for the shoes and its preparation is very costly 1 October 2011 2. Studded soles Required for the completion of the shoes and its preparation is very time consuming 1 October 2011 3. ... The articles required in this case are usually procured by firm-fixed price contract. The project team specifies the articles, their amounts, services and deadlines. The purchasing department calls bids from different vendors according to the specifications and deadlines. It also bargains the price of the articles with the selected vendor according to the firm-fixed price. Contract accomplishment procedure: The contract execution procedure varies greatly among different companies but it is very important to specify all the rules for finalizing a contract relating to procurement with the company. The authorities which will be involved in decision making should also be mentioned. First of all it is decided that which articles are to be procured. It can be done through a survey of the cost analysis of the required articles provided internally compared with that procured from different vendors. After making decisions about the items to be procured based on the cost analysis, the purchasi ng department will call for bids from different vendors. Different vendors will send proposals which will be reviewed to see which proposal is according to the criteria set out by the project team and purchasing department and offers lowest price. It is also decided that up to what amount the project manager can approve the purchase and the purchases greater than that amount will require the approval of The Contract Review Board. This Contract Review Board usually consists of agents of the project team, purchasing department, finance and project manager office. Decision making criteria: The standard which is used by the contract review board/project manager for the selection and award of contracts differs from company to company. However, following criteria

Monday, October 28, 2019

Women in Vietnam Essay Example for Free

Women in Vietnam Essay In Vietnam, women were encouraged to serve within the government and other sectors within the state. Unlike in other countries where women are stereotyped as being weak, in Vietnam, it was different. (Insun, p47-p56) Women were treated as equals. They were given the same positions as those ones of women and were given the same respect. Women were especially encouraged to take up the jobs which were believed to be a man’s reserve. They went out of their way to serve their country as humanitarians, entertainers, military dependents, USAID, civilian nurses, in military, as correspondents and in special services. (Insun, p78-p80) There were a good number of women in Vietnam who served as professionals in the field of medicine, teaching, law, professional nurses, controllers of air traffic, language and intelligence specialists, photographers, physical therapists, aerial reconnaissance, legal officers, security officers and administrative positions. Civilian women in Vietnam also served in the Red Cross, journalists, humanitarian organizations and as flight attendants. They were also leaders in the churches. (Chen, p78) Despite the fact that these women were active then, they kept a low profile. Today, nobody can tell who these women are. This is because they don’t show off and have camouflaged. Women made very noble contributions towards the wars in Vietnam. They fought alongside men and did everything men did and they in fact did it a better. (Insun, p34-p67) It has been said that if the country of Vietnam must heal, women must come forward to reveal their involvements and experiences in the war. Unfortunately, they have not been recognized and acknowledged as significant in the history of Vietnam. The situation has been worsened by their silence and the pain and struggles kept deep within them. Women do not believe that they deserve the same recognition and respect like that given to men. (Woodside, p678) Women in special services were mostly under the army. These armies as well as civilians were under the employees’ defense department. The departments that were served by women were related to recreation and morale and included the bases of the Army in the states. (Song, p456) Most of the divisions were also related to works of arts and crafts, service clubs, libraries, movies, sports and entertainment. These women administered special programs, for example, ‘Rest’ as well as the program relating to recreation. The reason why women were entrusted with these positions was their warm hearted nature. They were icon of hope to the whole of Vietnam; they had a role of encouraging men and giving them morale during wars. They ensured that the homes did not fall apart despite their involvements in other services. Women were good volunteers in these services and they had the welfare of the country and the people in mind. It was not a burden to serve their country since they could see the big picture. (Taylor, p267) As librarians, women gave magazines, books and newspapers to the soldiers. The books served as sources of the correspondent courses they were taking and also for leisure. Most of their wonderful memories were hopping flights, clubs, time shared with friends as well as the loved ones. However, there were still some enmities created during the early days. Women fought wars along the beautiful coastline and peaceful villages and rice fields. These areas were My Lai, Chu Lai, the Que Son Valley, A Shau, Da Nang, Phu Bai and hue. Women witnessed the demise of thousands five bases as well as landing zones. (Woodside, p567) At the military, women served with pride. They knew that their efforts were for a worthy cause. They knew that their victory was a victory for all. During the women’s anniversary, they gathered their past and present achievements. There were at least one thousand and two hundred soldiers selected from the women population and served as band leaders and translators, clerks and typists. (Insun, p78)

Saturday, October 26, 2019

Emily Bronte and Elizabeth Barrett-Browning :: Biography Biographies Essays

Emily Bronte and Elizabeth Barrett-Browning      Ã‚  Ã‚   As I looked through the literary works we have covered this term I noticed that there were only two strong females we have studied that seem to play a strong part in the development of British Literature. Emily Bronte and Elizabeth Barrett-Browning were strong, influential figures in the literary world.    Emily Bronte's Wuthering Heights can be credited with the title of the first Romantic novel of its time and her poetry was also redefining the poetry of the era. Unintentionally, I believe, Emily set a new standard for writing. Her use of nature, an undefined hero and heroine, the unusual structure of narrators, and her portrayal of the supernatural powers within the plot all contribute to her literary groundbreaking, trend setting style. Her poetry is also unique in that it has a personal flair not typically seen in previous poets. It is a very personal reflection of what she is enduring at the moment. That interpretation, however, is not entirely clear without the historical context.   "A little while, a little while, The noisy crowd are barred away; I can sing and I can smile A little while I've a holyday!" (WH 296) could be interpreted as any number of things without the reader being fully aware that at this point in her life Bronte was a trapped in a job she hated far from her beloved home and family. She was a governess. In that light it makes her poem makes complete sense; she needed to get away from the children she was responsible for. Several of her other poems were also born of this time in her life and reflected her homesickness.    Elizabeth Barrett-Browning too wrote about her life but I saw her work as more direct and open than that of Bronte. Without the historical knowledge of Bronte's life at the time of her writing her poems are beautiful but the reader cannot fully appreciate the emotive elements behind the words. Barrett-Browning's works were much clearer as to their intent and even without a working knowledge of her relationship with Robert Browning the reader can fully appreciate the powerful dramatic emotions flowing through her words. Her most famous sonnet "How do I love thee?

Thursday, October 24, 2019

Labor Rate

Labor rate variance is the difference between the actual labor rate and the applied overhead rate (standard rate multiplied by the number of actual hours worked). Consider this and respond to the following: †¢Ã¢â‚¬ Our workers are all under labor contracts. Therefore, our labor rate variance is bound to be zero. † Do you agree or disagree that the labor rate variance will be zero if all workers are under labor contracts? Explain giving reasons. The concept of labor rate variance and its application are accurately identified and explained with pertinent examples. The labor rate variance is the difference between the actual labor rate paid and the standard rate, multiplied by the number of actual hours worked. The formula is: Actual rate – Standard rate x Actual hours worked = Labor rate variance. An unfavorable variance means that the cost of labor was more expensive than anticipated, while a favorable variance indicates that the cost of labor was less expensive than planned. There are a number of possible causes of a labor rate variance. The labor rate variance will not be zero because workers ate under contract. Wage rates paid to workers are quite predictable. Nevertheless, rate variances can arise because of the way labor is used. Skilled workers with high hourly rates of pay may be given duties that require little skill and call for lower hourly rates of pay. This will result in an unfavorable labor rate variance, since the actual hourly rate of pay will exceed the standard rate specified for the particular task. In contrast, a favorable rate variance would result when workers who are paid at a rate lower than specified in the standard are assigned to the task. However, the lower-paid workers may not be as efficient. Finally, overtime work at premium rates will result in an unfavorable rate variance if the overtime premium is charged to the direct labor account. Direct labor variance is the difference between the standard cost and the actual cost of production. Considering this, answer the questions that follow: †¢What effect, if any, would you expect poor quality materials to have on direct labor variances? If poor quality materials create production problems, a result could be excessive labor time and therefore an unfavorable labor efficiency variance. Poor quality materials would not ordinarily affect the labor rate variance †¢How must a company plan to mitigate the risks associated with direct labor variances? The standard labor rate established by a company is an average, usually pertaining to average quality workers. Newly hired workers will likely get paid less which creates a favorable labor rate variance. They will also work more slowly than more experienced workers creating an unfavorable labor efficiency variance. The opposite is true if a company employs highly skilled workers The production supervisor hires production workers and assigns each a wage rate. He is able to give them raises and terminate them if necessary. For this reason, if a labor rate exists, we inquire with the production supervisor to try to determine the variance cause. The production supervisor oversees the production workers and monitors the efficiency with which each of these workers works. For this reason, if a labor efficiency exists, we inquire with the production supervisor to try to determine the variance cause

Wednesday, October 23, 2019

Breast cancer reflection

The finding was made through a study from the Breast Cancer and the Environment Research Program at Michigan State University, which indicated that before any umors appear, there are changes in the breast that include increased cell growth and alterations in immune cells. I believe this is a great topic for a health science class for students, has many other broader areas of work and subject to further discuss such disease and preventions that can be made and helps teachers have more knowledge as to what diseases can be prevented from articles like this one..This article helps a lot in a health science class. In health science it is important to teach students the different diseases that are killing many out there and the early reventions that can help reduce the risk of it become a disease, in this case, cancer. In a health science class, we can discuss food groups and differentiate what are high fat diet foods. Also, we can deeply discuss puberty, which usually half of them know, b ecause even their parents are too shy to discuss such topic.Sometimes students see changes in their body and have no idea why, and I think this subject links puberty to a well discussed topic in a classroom. Finally, being able to discuss breast cancer, and other cancers can link a great topic for a health science class, discussing hat is a cancer, how it develops, how it is reduced and moreover and most important, how it can be prevented.Discussing about how high fat diet plans during puberty increases the risk of breast cancer, we as teachers can link this topic in other subject so students grasp the information, share it with their families and spread what can save a life in their community. In English, writing essays as to how you would inform the community of what high fat diet during puberty can cause can link the topic. In social studies, students can be engaged in the global social month of cancer awareness which is in the month of October.And finally linking health science with English, and social studies, to help more and broaden such article, we can engage in different arts and craft that visually help to explain students and others of how we help in cancer awareness, know what it is and how we can spread the word. Articles like this one are very important to students and teachers for the betterment of self-knowledge and also to help the community. While most people are aware of breast cancer, many forget to take the steps to have a plan to detect the disease in its early stages and encourage others to do the same.We have made a lot f progress but still have a long way to go and articles like these make us have a broader idea of what can cause it and instead of finding ways to prevent it, once and for all be able to avoid it by taking the necessary steps to live better, longer and healthier. Students, females in this case are able to also avoid un-healthy dietary plans and take more care ot them and us as teachers not only help increase the cancer k nowledge of what can cause it to our students but moreover help our students share the information and make our community help a nation with more information flowing for the betterment of everyone.

Tuesday, October 22, 2019

Perdón I-212 por deportación de Estados Unidos

Perdà ³n I-212 por deportacià ³n de Estados Unidos Los extranjeros deportados o expulsados de Estados Unidos reciben una penalidad y no pueden ingresar legalmente por un tiempo de castigo, excepto si obtienen un perdà ³n conocido como waiver I-212. El tiempo de castigo puede ser de 5, 10, à ³ 20 aà ±os o incluso de por vida, dependiendo de la razà ³n de la deportacià ³n. En este artà ­culo se explica cundo no es necesario pedir este waiver, tambià ©n conocido en algunos paà ­ses como perdà ³n o permiso, cà ³mo se solicita cuando sà ­ es necesario, tarifa que debe pagarse con la solicitud, tiempo que se demora en resolverse, quà © hacer si se obtiene la aprobacià ³n de este perdà ³n y cundo es necesario adems presentar otro perdà ³n conjuntamente.  ¿Cundo NO es necesario solicitar este perdà ³n? No todos los extranjeros que han sido expulsados o deportados de Estados Unidos necesitan este perdà ³n como paso previo para solicitar una visa no inmigrante -como por ejemplo la de turista o trabajo temporal -  o una visa de inmigrante  para la tarjeta de residencia (green card). Por lo tanto, si no se necesita, no solicitarlo, porque serà ­a una pà ©rdida de tiempo y de dinero. Y es que no precisan pedir este perdà ³n las personas en cualquiera de las siguientes categorà ­as: 1. - Los extranjeros que llegaron a un puesto migratorio de Estados Unidos y se les permitià ³ retirar su solicitud de ingresar al paà ­s. 2.- Los extranjeros que al llegar a un puesto migratorio de Estados Unidos fueron parados y se les impidià ³ el ingreso al paà ­s pero no fueron objeto de una expulsià ³n inmediata oficial. Esto es muy importante, porque hay que distinguir cuando ha habido una expulsià ³n y cuando simplemente no se admite al extranjero y se le devuelve al paà ­s del que ha llegado. Esta diferencia es fundamental. Hay que mirar quà © papeles se firmaron o fueron entregados. 3.- Los extranjeros que fueron parados en la frontera intentando cruzar ilegalmente pero, por la razà ³n que sea, no recibieron una orden de expulsià ³n inmediata. Es muy importante saber si se recibià ³ una o no. 4- Los extranjeros que llegaron a un puesto migratorio sin visa por pertenecer a un paà ­s de Programa de Exencià ³n de Visados y no se les permitià ³ el ingreso. Esto es importante para los turistas y personas de negocio chilenos y espaà ±oles. 5.- Los casos de salida voluntaria, cuando se salià ³ de Estados Unidos dentro del plazo previsto. Esta es una excepcià ³n muy importante. 6. - Los solicitantes de visa U por và ­ctima de violencia que se encuentran en Estados Unidos y piden un ajuste de estatus. 7.- Y, por à ºltimo, aquellos expulsados o deportados de Estados Unidos que ya han cumplido el tiempo de la penalidad. Por lo tanto, es fundamental saber el monto de los aà ±os que aplican a cada caso. Y es que para algunos extranjeros la penalidad dura 5 aà ±os, para otros es de 10 y para otros, 20 y, finalmente, para otro grupo existe lo que se conoce como prohibicià ³n permanente (permanent  bar en inglà ©s). Para conocer con certeza por cunto tiempo es la penalidad y los cargos se deben consultar los rà ©cords de corte, en casos de deportacià ³n, incluyendo la orden del juez y el documento que se denomina Notice to Appear in Removal Procedeedings. En el caso de expulsià ³n inmediata, es aconsejable tener el rà ©cord de la CBP (Patrulla fronteriza) y del Notice of Expedited Removal. En los casos en los que la dicta un juez por ser un caso de arriving alien tambià ©n es importante ese documento. En otras palabras, solo es necesario solicitar este perdà ³n si todavà ­a no ha pasado el tiempo de la penalidad y se quiere solicitar una visa no inmigrante o una visa inmigrante para ingresar a Estados Unidos. En este punto puede surgir la duda de quà © pasa con aquellos extranjeros que tienen una penalidad de prohibicià ³n permanente,  ¿pueden pedir un perdà ³n? La respuesta es que sà ­ en las siguientes condiciones: En primer lugar, si la prohibicià ³n permanente es porque se estuvo ilegalmente en Estados Unidos por ms de un aà ±o (no tiene que ser corrido), despuà ©s se salià ³ del paà ­s y se ingresà ³ o se intentà ³ ingresar posteriormente de forma ilegal y se desea pedir una visa no inmigrante, en este caso se puede pedir el perdà ³n en cualquier momento. Tener en cuenta que para la visa de inmigrante las reglas son distintas y es lo que se explica ms abajo. En segundo lugar, lo mismo sucede para los migrantes que fueron removidos de Estados Unidos y que despuà ©s ingresaron ilegalmente o fueron agarrados cuando lo intentaban. En este caso tambià ©n aplica una prohibicià ³n permanente pero se puede pedir el perdà ³n en cualquier momento si lo que se desea solicitar a continuacià ³n es una visa no inmigrante. Un caso distinto es cuando se quiere solicitar la visa de inmigrante en los 2 supuestos anteriores y tambià ©n todos los dems casos de prohibicià ³n permanente ya es necesario poder demostrar ausencia de Estados Unidos por al menos 10 aà ±os antes de poder solicitar el perdà ³n.  ¿Cà ³mo se pide el perdà ³n I-212 para ingresar a EE.UU. despuà ©s de deportacià ³n? Por regla general el perdà ³n se pide llenando el formulario I-212, si bien hay unas pocas excepciones cuando se solicita una visa no inmigrante en determinados consulados de los Estados Unidos. Tambià ©n puede haber variaciones segà ºn el caso en lo referente a la cuota por aplicar y a la necesidad de aportar datos biomà ©tricos (huellas digitales y fotografà ­as). El formulario debe ir acompaà ±ado de documentos que se piden en las instrucciones del formulario y adems de aquellos  que sirvan de apoyo a la razà ³n por la que se solicita el perdà ³n. Entre ellos, destacan: Certificados de hijos, matrimonio, etc para probar existencia de familiares inmediatos en Estados UnidosDeclaraciones juradas de personas que afirmen que la persona que pide el perdà ³n es de buena moralreportes mà ©dicos o psicolà ³gicos para probar la dureza por la que pasan los familiares en Estados Unidos debido a la separacià ³n causada por la deportacià ³n.Reporte policial para demostrar un rà ©cord limpioEvidencia de rehabilitacià ³n si en el pasado se ha cometido algà ºn delitoCertificados de estudios o profesionales para probar capacidades de empleoReporte sobre la situacià ³n del paà ­s en la que se tiene que vivir si no se permite el regreso a Estados Unidos, etc. Si alguno de estos documentos est en un idioma distinto al inglà ©s, debe traducirse. Este listado debe entenderse como una sugerencia y deben incluirse todo lo que sirva para merecer el perdà ³n. El oficial de migracià ³n tiene libertad para decidir si aprueba la solicitud de perdà ³n. No existen reglas absolutas pero se considera que son factores a favor de su aprobacià ³n los siguientes: La existencia de familiares inmediatos en Estados Unidosla situacià ³n de dureza que puede ser causada al familiar en Estados Unidos, siempre que sea un ciudadano o un residente permanente legal. Incluso se puede considerar la dureza que se causa al empleador que se tenà ­a.El tiempo que se vivià ³ en Estados Unidos. Cuanto ms, mejor.El estatus migratorio que se tenà ­a antes de ser removido. Por ejemplo, si se tenà ­a la green card o una visa.La falta de rà ©cord delictivo o si se ha cometido uno, que no sea grave.En el caso de las expulsiones, cuenta a favor tener sà ³lo 1. Ms de una expulsià ³n aumenta las posibilidades de negacià ³n del perdà ³n.El ser considerado persona con buena moral. Aquà ­ podrà ­a ser un problema situaciones de falta de pago de pensià ³n alimenticia, etc.Si ya ha transcurrido mucho tiempo desde la expulsià ³n o deportacià ³n.La probabilidad de convertirse en residente permanente legal en el futuro. Es decir, se tiene una peticià ³n de resid encia realizada por un empleador o un familiar. Por el contrario, se consideran factores en contra a la hora de decidir sobre la aprobacià ³n del perdà ³n los siguientes: Ausencia de familiares en Estados Unidos o que los familiares no dependan de ningà ºn modo de la persona deportada.Historial delictivo, particularmente cuando se trata de un delito grave o agravado.Mal carcter moralVarias violaciones migratoriasMs de 1 intento de ingreso ilegal a Estado UnidosProbabilidad de convertirse en una carga pà ºblica o se es un peligro para la seguridad de Estados UnidosEnfermedad fà ­sica o mental, excepto si el à ºnico lugar donde puede recibir tratamiento es en Estados Unidos.  Si pasà ³ poco tiempo desde la deportacià ³n o expulsià ³n.Si en el pasado se trabajà ³ ilegalmente en los Estados Unidos. Tiempo de demora del perdà ³n I-212 y cuota por la peticià ³n En la actualidad, la totalidad de las solicitudes de perdà ³n I-212 se resuelven en menos de 180 dà ­as, es decir, seis meses.   En el momento en el que se escribe este artà ­culo, la cuota por aplicar es de $930, que debe pagarse al Servicio de Inmigracià ³n y Ciudadanà ­a (USCIS, por sus siglas en inglà ©s).  ¿Quà © pasa si se obtiene la aprobacià ³n del perdà ³n I-212? Ese perdà ³n es vlido de por vida, a menos que la agencia que lo concedià ³ lo revoque o que la persona cometa algà ºn delito o infraccià ³n migratoria que dà © lugar a una nueva deportacià ³n o expulsià ³n. Sin embargo, el perdà ³n no restaura nunca a la situacià ³n anterior al problema que dio lugar a la deportacià ³n o a la expulsià ³n. Por ejemplo, si se tuvo una visa de turista, no se recupera, o una tarjeta de residencia, etc. Adems, el tener el perdà ³n aprobado por sà ­ mismo no es suficiente para poder ingresar a Estados Unidos. Es decir, hay que solicitar una visa no inmigrante o tener una peticià ³n de visa inmigrante. Cualquiera de estas visas puede ser denegada si no se cumplen todos los requisitos para su aprobacià ³n. En el caso de las visas no inmigrante el problema puede surgir por no ser elegible o por no ser admisible. En el caso de las visas de inmigrante, sà ³lo por causa de inadmisibilidad. Precisamente para muchas causas de inadmisibilidad es posible pedir un perdà ³n. Para las causas que convierten a una persona en inelegible no es posible. Teniendo en cuenta esto, es importante leer el siguiente apartado.  ¿Es necesario pedir otros perdones conjuntamente con  I-212? Dependiendo del caso de cada uno, puede ser imprescindible presentar 1 o ms perdones conjuntamente con el I-212, ya que à ©ste solo sirve para la penalidad de la deportacià ³n o expulsià ³n. Por ejemplo, si se quiere es obtener una visa de inmigrante y hay otros problemas de inadmisibilidad como el castigo de los 3 à ³ 10 aà ±os, fraude de ley, comisià ³n de delito,enfermedad etc. entonces se necesita tambià ©n pedir el perdà ³n I-601, que tiene requisitos muy exigentes. Pero si se desea pedir una visa no inmigrante y hay ms causas de inadmisibilidad adems de la remocià ³n, tambià ©n se debe pedir otro tipo de perdà ³n.    Adems, es posible que el problema sea una causa de inadmisibilidad contra la cual no es posible pedir jams un perdà ³n, como por ejemplo tener en contra una declaracià ³n de haber solicitado previamente de forma frà ­vola la condicià ³n de asilo. Otro ejemplo es haber declarado falsamente ser ciudadano estadounidense para obtener un beneficio. Asimismo, no hay perdà ³n en los casos de delito de drogas cometidos despuà ©s de cumplir los 18 aà ±os, con la à ºnica excepcià ³n de posesià ³n de mariguana para uso propio o en los casos de matrimonio de conveniencia para obtener los papeles. Debido a que los casos de perdones son muy complicados es altamente aconsejable asesorarse por un buen abogado especialista en estos asuntos.  ¿Cul es la penalidad si se ingresa a Estados Unidos sin el perdà ³n I-212? Si se ingresa ilegalmente cuando est pendiente de cumplir el castigo por la expulsià ³n o la deportacià ³n automticamente se reinstaura la orden de deportacià ³n, de tal manera que si se es detenido o arrestado se proceder a su deportacià ³n sin pasar por Corte. Adems, es posible que apliquen multas y que se den cargos penales por los que puede haber pena de prisià ³n.Finalmente, cae sobre esa persona la prohibicià ³n permanente para regresar a Estados Unidos. Consejos legales Es muy importante entender las dificultades de obtener un perdà ³n y, honestamente, que la mayorà ­a que son aprobados han sido preparados por abogados migratorios reputados con experiencia en este tipo de casos. En esta pgina no se recomienda a ningà ºn letrado en particular, pero sà ­ se aconseja verificar con AILA, la asociacià ³n de abogados migratorios, para consultar sobre este tipo de casos. Este es un artà ­culo informativo. No es asesorà ­a legal.

Monday, October 21, 2019

Spains American Colonies and the Encomienda System

Spains American Colonies and the Encomienda System In the 1500s, Spain systematically conquered parts of North, Central and South America as well as the Caribbean. With native governments such as the efficient Inca Empire in ruins, the Spanish conquistadors  needed to find a way to rule their new subjects. The encomienda system was put in place in several areas, most importantly in Peru. Under the encomienda system, prominent Spaniards were entrusted with native communities. In exchange for native labor and tribute, the Spanish lord would provide protection and education. In reality, however, the encomienda system was thinly-masked slavery and led to some of the worst horrors of the colonial era. The Encomienda System The word encomienda comes from the Spanish word encomendar, meaning to entrust. The encomienda system had been used in feudal Spain during the reconquest and had survived in some form ever since. In the Americas, the first encomiendas were handed out by Christopher Columbus in the Caribbean. Spanish conquistadors, settlers, priests or colonial officials were given a repartimiento, or grant of land. These lands were often quite vast. The land included any native cities, towns, communities or families that lived there. The natives were supposed to provide tribute, in the form of gold or silver, crops, and foodstuffs, animals such as pigs or llamas or anything else the land produced. The natives could also be made to work for a certain amount of time, say on a sugarcane plantation or in a mine. In return, the owner, or encomendero, was responsible for the well-being of his subjects and was to see to it that they were converted and educated about Christianity. A Troublesome System The Spanish crown reluctantly approved the granting of encomiendas because it needed to reward the conquistadors and establish a system of governance in the newly-conquered territories, and the encomiendas were a quick-fix that killed both birds with one stone. The system essentially made landed nobility out of men whose only skills were murder, mayhem, and torture: the kings hesitated to set up a New World oligarchy which could later prove troublesome. It also swiftly led to abuses: encomenderos made unreasonable demands of the natives who lived on their lands, working them excessively or demanding tribute of crops that could not be grown on the land. These problems appeared quickly. The first New World haciendas, granted in the Caribbean, often had only 50 to 100 natives and even on such a small scale, it wasn’t long before the encomenderos had virtually enslaved their subjects. Encomiendas in Peru In Peru, where encomiendas were granted on the ruins of the rich and mighty Inca Empire, the abuses soon reached epic proportions. The encomenderos there showed an inhuman indifference to the suffering of the families on their encomiendas. They did not change the quotas even when crops failed or disasters struck: many natives were forced to choose between fulfilling quotas and starving to death or failing to meet quotas and facing the often-lethal punishment of the overseers. Men and women were forced to work in mines for weeks at a time, often by candlelight in deep shafts. The mercury mines were particularly lethal. During the first years of the colonial era, Peruvian natives died by the hundreds of thousands. Administration of the Encomiendas The owners of the encomiendas were not supposed to ever visit the encomienda lands: this was supposed to cut down on abuses. The natives instead brought the tribute to wherever the owner happened to be, generally in the larger cities. The natives were often forced to walk for days with heavy loads to be delivered to their encomendero. The lands were run by cruel overseers and native chieftains who often demanded extra tribute themselves, making the lives of the natives even more miserable. Priests were supposed to live on the encomienda lands, instructing the natives in Catholicism, and often these men became defenders of the people they taught, but just as often they committed abuses of their own, living with native women or demanding tribute of their own. The Reformers While the conquistadors were wringing every last speck of gold from their miserable subjects, the ghastly reports of abuses piled up in Spain. The Spanish crown was in a tough spot: the royal fifth, or 20% tax on conquests and mining in the New World, was fueling the expansion of the Spanish Empire. On the other hand, the crown had made it quite clear that the Indians were not slaves but Spanish subjects with certain rights, which were being flagrant, systematically and horrifically violated. Reformers such as Bartolomà © de las Casas were predicting everything from the complete depopulation of the Americas to the eternal damnation of everyone involved in the whole sordid enterprise. In 1542, Charles V of Spain finally listened to them and passed the so-called New Laws. The New Laws The New Laws were a series of royal ordinances designed to halt the abuses of the encomienda system, particularly in Peru. Natives were to have their rights as citizens of Spain and could not be forced to work if they did not want to. Reasonable tribute could be collected, but any additional work was to be paid for. Existing encomiendas would pass to the crown upon the death of the encomendero, and no new encomiendas were to be granted. Furthermore, anyone who abused natives or who had participated in the conquistador civil wars could lose their encomiendas. The king approved the laws and sent a Viceroy, Blasco Nà ºÃƒ ±ez Vela, to Lima with clear orders to enforce them. Rebellion The colonial elite was livid with rage when the provisions of the New Laws became known. The encomenderos had lobbied for years for the encomiendas to be made permanent and passable from one generation to another, something the King had always resisted. The New Laws removed all hope of perpetuity being granted. In Peru, most of the settlers had taken part in the conquistador civil wars and could, therefore, lose their encomiendas immediately. The settlers rallied around Gonzalo Pizarro, one of the leaders of the original conquest of the Inca Empire and brother of Francisco Pizarro. Pizarro defeated Viceroy Nà ºÃƒ ±ez, who was killed in battle, and basically ruled Peru for two years before another royalist army defeated him; Pizarro was captured and executed. A few years later, the second rebellion under Francisco Hernndez Girà ³n took place and was also put down. End of the Encomienda System The King of Spain almost lost Peru during these conquistador uprisings. Gonzalo Pizarros supporters had urged him to declare himself King of Peru, but he refused: had he done so, Peru might have successfully split from Spain 300 years early. Charles V felt it prudent to suspend or repeal the most hated aspects of the New Laws. The Spanish crown still steadfastly refused to grant encomiendas in perpetuity, however, so slowly these lands reverted to the crown. Some of the encomenderos managed to secure title-deeds to certain lands: unlike the encomiendas, these could be passed down from one generation to the next. Those families that held land would eventually become the native oligarchy. Once the encomiendas reverted to the crown, they were overseen by corregidores, royal agents who administered crown holdings. These men proved to be every bit as bad as the encomenderos had been: corregidores were appointed for relatively brief periods, so they tended to squeeze as much as they could out of a particular holding while they could. In other words, although the encomiendas were phased out eventually by the crown, the lot of the native workers did not improve. The encomienda system was one of the many horrors inflicted on the native people of the New World during the conquest and colonial eras. It was essentially slavery, given but a thin (and illusory) veneer of respectability for the Catholic education that it implied. It legally allowed the Spaniards to work the natives literally to death in the fields and mines. It seems counter-productive to kill off your own workers, but the Spanish conquistadors in question were only interested in getting as rich as they could as quickly as they could: this greed led directly to hundreds of thousands of deaths in the native population. To the conquistadors and settlers, the encomiendas were nothing less than their fair and just reward for the risks they had taken during the conquest. They saw the New Laws as the actions of an ungrateful king who, after all, had been sent 20% of Atahualpas ransom. Reading them today, the New Laws do not seem radical - they provide for basic human rights such as the right to be paid for work and the right to not be unreasonably taxed. The fact that the settlers rebelled, fought and died to fight the New Laws only shows how deeply they had sunk into greed and cruelty. Sources: Burkholder, Mark and Lyman L. Johnson. Colonial Latin America. Fourth Edition. New York: Oxford University Press, 2001. Hemming, John. The Conquest of the Inca London: Pan Books, 2004 (original 1970). Herring, Hubert. A History of Latin America From the Beginnings to the Present. New York: Alfred A. Knopf, 1962 Patterson, Thomas C. The Inca Empire: The Formation and Disintegration of a Pre-Capitalist State.New York: Berg Publishers, 1991.

Sunday, October 20, 2019

Certified and Certificated

Certified and Certificated Certified and Certificated Certified and Certificated By Maeve Maddox ï ¿ ¼Hiriyanna Balakrishna Shetty wonders about the difference between certified and certificated: Do they mean the same ? The dictionary definitions for both words overlap. The OED gives these definitions for certified as a past participle: Made certain; assured; certainly informed; attested by certificate; furnished with a certificate.: It gives these definitions for certificate as a transitive verb: To attest (a fact) by a certificate. To furnish (a person) with a certificate. To license or authorize by certificate. In use, however, certificated seems to belong to the educational sphere, while certified is the word used to describe standards and qualifications in other occupations and industries. Until recently, I’ve thought of certificated as chiefly British usage, but the term occurs very frequently now in the U.S. educational context. For example, In Philadelphia more than 2,000 of the 12,000 classroom teachers have emergency teaching certificates. More than 42,000 of the 275,000 teaching positions in Texas are filled by uncertificated educators. Certified derives from the verb to certify; certificated from the noun certificate. The verb entered the language before the noun. First came certify to describe the act of making certain. Then came certificate for the document that attested to the certainty. If I wanted to talk about a person whose qualifications include a professional certificate, I’d use certified: certified public accountant, certified plumber. In speaking of inanimate objects I’d refer to certified milk or certified mail. Lately I’ve noticed such expressions as certificated air carriers and certificated stock. For all I know, these terms have a technical meaning that is different from certified air carriers and certified stock. I would expect to follow a company style sheet in the matter. In my own writing, unless provided with a very strong reason to do so, I would never use certificate as a verb form. From a stylistic viewpoint, certificated and uncertificated are ugly words. (My spell-check flags uncertificated as erroneous.) They also smack of jargon. Its one thing to talk about â€Å"certificated and uncertificated personnel† in stuffy administrative documents. After all, educators love Eduspeak: inflated, euphemistic words that obscure the facts beneath. Writers whose intention is to inform the public might want to avoid Eduspeak. When it comes to uncertificated teachers, words like â€Å"unqualified† and â€Å"unlicensed† spring to mind. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:Inquire vs Enquire"Wracking" or "Racking" Your Brain?Preposition Mistakes #1: Accused and Excited

Saturday, October 19, 2019

The Concept of Individuals Responsibility To other Members of Their Essay

The Concept of Individuals Responsibility To other Members of Their Community by Peter Singer - Essay Example By taking a look at the donations from such an angle these countries generosity can be said to take a drastic dive when compared to their other expenses. One could say that these governments care more about their transport system for example than they do about the millions of lives that they could affect with such money (Singer). However, in realistic terms especially from an economic point of view, it is necessary that a government invests in projects that will bring back financial returns in a bid to provide a better stable economy from which they can operate from. Without these investments, they would not be able to donate any money to the causes that they provide funding for. Taking a look at the stance brought about by Singer and the economic defense of such actions by the governments it can be said that two clear sides emerge from this argument with each supporting the opposing sides. A good strategy to determine whether Singer was right in his evaluation of an individualâ€⠄¢s responsibility to other members of their community as well as a government’s responsibility to society is by studying the underlying factors that would more or less govern the potential results of what certain actions may bring. This can be done by setting a choice of two potential paths that a society can take and the results that these two paths are most likely to yield. By doing this, it can be said that the path that leads to the best results will be the better option. Taking a look at the basis of the argument taken by Singer it can be said that from an overall perspective he has a good point and if his plan was to be placed perfectly into action there could be a high chance of success should everyone play their part. This is to say that the effect should take place from the grassroots and make its way up to the top echelons of government. This would mean that a regular individual would begin to take more interest in the plight of refugees and ensuring that they are doing everything in their power to improve their conditions. This would include donating more money to affiliated organizations, taking a political interest in the policies as well as changing their lifestyle to a more giving and generous one (Singer). The government on the other hand would divert more of their funds towards helping these causes and concentrate more on the wellbeing of these individuals rather than the other projects they have lined up (Singer). The government in this case would take the stance that the improvement of human life is more important than other issues. If this was to happen exactly as stated there could be a chance that causes such as the wellbeing of refugees will get the attention it deserves and as a result their plight may be significantly reduce as more people take action on the matter. However, this would need the support and co operation of all the people and bodies involved which would also include a somewhat drastic in some change in mindset wh ich is something that would not happen overnight. People would need to be willing to change their ways and adopt a giving policy that may have diminished over the years thanks to the promotion of capitalist values. The changes entailed could also bring about negative aspects as well as positive ones, which is something that should be taken into consideration. As much as helping others and ensuring tha

Friday, October 18, 2019

Compare & Contrast essay between Malcolm X and Marthin Luther King

Compare & Contrast between Malcolm X and Marthin Luther King - Essay Example Many people contend their admiration to the way they preached about the rights of the blacks in America, and they have both preached on self-knowledge and having respect for African culture and history, since it is the basis for uniting blacks. Their beliefs were similar, and this was evident towards the end of their lives in the way they emphasized on having bride amongst the black as well as respecting us rather than hating one another. Their speeches informed the blacks that in order to attain freedom, they start by respecting one another, hence it reflected on the vision of men improving America. Malcolm X talked about Blacks hating the color of their skin, shape of their nose; overall, he talked about Blacks hating their own kind. Major points about the Blacks are that for the past four hundred years, the Blacks have been taught to hate their identity; the self-hatred resulted in a pervasive sin among many members of the Black community. He stated that one cannot hate the root o f the tree and not hate the tree itself; this made the Blacks feel inferior making them turn to other people to show them the way. Martin on the other hand talked about standing against a system that oppresses the Blacks, he emphasized that being nobody is not easy, therefore, that which was seen as black should shot be seen as ugly. Martin went ahead and talked about having a Negro freedom among all the Negros since enslaving the body involves enslaving the entire soul. Hence the Blacks should encourage themselves and not be ashamed of their past as slaves, but appreciate themselves as being black and beautiful. Both men have the same analysis that we have been taught to have ourselves, lack of belief in ourselves as Blacks, and the blacks should do something to offset this cultural homicide, as called by Martin. Both Malcolm and Martin called for the blacks to embrace the Black pride, develop self-affirmation and all the blacks to undergo education that will reflect the past histo ry of the Black people. In the larger world, they had other priorities except for internal priorities that were connected to the establishment of education, and Martin emphasized African-American unity by stating any movement present that is meant to overlook this necessity is only waiting to be buried. The work and life events of Martin Luther were stressed exclusively making the history taught in schools expressed in different ways (Weis and Fine 239). The manner in which Malcolm X and Martin spread their views was through assertiveness, powerful speeches that were hard hitting. To put it simpler, both the intentions of Martin and Malcolm were delivered in styles that were different. For example, Martin was an inspirational speaker, and he travelled all over the country motivating people to live a life full of racial harmony. Martin appeared to have idealistic mind and was rational and positive in giving his speeches and views on different things. This is evident in his speech tha t he said he had a dream of seeing his children living a life that they are not judged by their race but character. In comparison to Martin, Malcolm X was an extremist, and this is evident the time he was an Islamic Minister, X talked more about separating blacks from whites, emphasizing Black Supremacy and presence of nationalism among the Blacks. To look at this in

Journal Essay Example | Topics and Well Written Essays - 500 words - 31

Journal - Essay Example More often than not I feel depressed over my under achievement of tragic events that have taken lace in my life. This leads to some form of stress. I was a little bit surprised by the Perceived stress scale that was able to help me understand how a different situation affected my feelings and my perceived stress. My PSS score was 4. From the PSS scale, the scores that ranged room 0-13 indicate that I have low stress levels. I was also surprised by the frequency of the symptoms of stress that I experienced over the years. Top of my list was irritability, boredom. These are symptoms that I would experience quite frequently. Other symptoms that I experienced was anxiety, eating too much difficulty in sleeping, headache, restlessness and constipation. However this was not on a regular basis. The results I established from the Inventory of Collage Students’ Recent Life Experiences also took me by surprise as I was able to determine my exposure to different source of stress . I able to determine the intensity of those stressors and to get an overall score of 82. I was also able to determine which type of hassle played a greater part of my life. Hassle like Too many things to do at once, Struggling to meet your own academic standards, Not enough time to meet your obligations and financial burdens greatly impacted my life. These were the things that I had to look into more deeply so that I could manage my stress levels. The student stress scale also made me understand how each life event and the amount of readjustment that resulted to change. A major life event that I underwent is the death of a close family member. This made me stressed for quite a long time. My total score was 102. From the scale, it indicates that I have a 30 percent chance of serious health chang e. The ability to handle my personal problems, the ability not to cope with all things that I have to do. I also want to be able to handle my upsets because things

Thursday, October 17, 2019

How has religion impacted American society Term Paper

How has religion impacted American society - Term Paper Example This assignment explains the significance of religion and the way it can impact various components of a society be it culture, education, politics or economics. The areas that are significantly under consideration in this paper are education and culture.Talking about the developed countries, it has been observed that America is most religious as far as the demographics is concerned. In 2002, a survey was conducted which revealed that citizens considered religion as a very important part of their lives and it was an area which was given high respect and priority. An attitude similar to this was also observed in America’s neighboring country; Latin America. To study the impact of religion on American culture, it is necessary to understand the meaning of both the terms and the relationship between them. Religion is a system of principles through which individuals identify their existence and base their explanations of the universe and the natural occurrence that are linked with i t. Culture is a set of methods, values and norms that are adopted and practiced by people in a society which are also transferred form one generation to the other. In America there is not a universal religion, a number of religions which include; Christianity, no religion, Judaism, Islam, Buddhism, Hinduism, Sikhism and Baha’i Faith. All the religions have had their respective impacts on the American culture. A few of them will be discussed here. The religion that is practiced by majority of the Americans is Christianity which further branches out into more sects that are considered to be a part of Christianity. Christianity pays emphasis on compassion, in the light of this teaching; individuals make attempts to help the needy and to assuage distress of the troubled ones. Donations are paid in higher amounts and in case of disasters, every individual rushes to help their virtual brothers. Christianity has also discouraged homosexual relationships and has put a stop to them wh ich has ultimately affected the family life and husband wife relationship in a positive way. (David, 89) Islam has also been rated as the fastest growing religion in America. It started after the African Muslims arrived here and immediately formed a community of their own named as Ahmadiyya Muslim Community. American culture has experienced a relative difference since the emergence of Islam which encompasses building of mosques, formation of political and donation organizations and other Islamic practices. The Muslims have immigrated to America in large numbers especially in the year 2005 which has significantly affected the culture in a way that Muslims equally take part in the educational matters. Islam discourages the ideological perception of granting superiority to a particular race and gives equal status to mankind including slaves. This has encouraged slaves particularly to enter into Islam empowering them in the wake. Impact of Religion on Education in America Maintaining a balance between education and religion has emerged as a dilemma and persistent problem in America. Arguments and discussions have been held to ponder over the problem of right placement of religious education in the course outline. The two parties involved in this battle are religious conventional, secularists and liberals. The former demands religion to be included in the basic public education whereas the latter thinks it is a private issue and should not be confused with worldly education. However the importance and impact of religion cannot be ignored. The teachings of religion gave a new prospect to the human life. As far as the Greeks were concerned, they emphasized on the human mind whereas Christianity showed man his soul. The benefits and impact of religion on American education can be better understood if compared

Which step of concept analysis requires research on the concept Essay

Which step of concept analysis requires research on the concept - Essay Example Concept analysis process in nursing theory development involves numerous steps. Walker and Avant (1994) propose that the identification of the concept and its uses requires research. This is because concepts are articulated by a phrase or word. As a result, Walker and Avant (1994) acknowledge that the analysis of a concept must unavoidably be a review of the descriptive word and its use. To me, concept analysis is; therefore, an examination of the term and its significance in nursing and its comparison to other related phrases (McEwen & Wills, 2014). The identification of the concept and its use requires research because lack of research would lead to wrongful identification of the concept, and result to wrongful conclusions and the whole process would be wrong (Ziegler, 2013). According to McEwen and Wills (2014), it is imperative for the researcher to use research to identify the concept and its applications in the development of the theory. This step would also assist in accurate identification of the attributes of the concept. Townsend, L., & Scanlany, J. (2001). Self-efficacy related to student nurses in the clinical setting: A concept analysis. International Journal of Nursing Education Scholarship, 8(1). doi:10.2202/1548-923X.2223 Permalink to

Wednesday, October 16, 2019

How has religion impacted American society Term Paper

How has religion impacted American society - Term Paper Example This assignment explains the significance of religion and the way it can impact various components of a society be it culture, education, politics or economics. The areas that are significantly under consideration in this paper are education and culture.Talking about the developed countries, it has been observed that America is most religious as far as the demographics is concerned. In 2002, a survey was conducted which revealed that citizens considered religion as a very important part of their lives and it was an area which was given high respect and priority. An attitude similar to this was also observed in America’s neighboring country; Latin America. To study the impact of religion on American culture, it is necessary to understand the meaning of both the terms and the relationship between them. Religion is a system of principles through which individuals identify their existence and base their explanations of the universe and the natural occurrence that are linked with i t. Culture is a set of methods, values and norms that are adopted and practiced by people in a society which are also transferred form one generation to the other. In America there is not a universal religion, a number of religions which include; Christianity, no religion, Judaism, Islam, Buddhism, Hinduism, Sikhism and Baha’i Faith. All the religions have had their respective impacts on the American culture. A few of them will be discussed here. The religion that is practiced by majority of the Americans is Christianity which further branches out into more sects that are considered to be a part of Christianity. Christianity pays emphasis on compassion, in the light of this teaching; individuals make attempts to help the needy and to assuage distress of the troubled ones. Donations are paid in higher amounts and in case of disasters, every individual rushes to help their virtual brothers. Christianity has also discouraged homosexual relationships and has put a stop to them wh ich has ultimately affected the family life and husband wife relationship in a positive way. (David, 89) Islam has also been rated as the fastest growing religion in America. It started after the African Muslims arrived here and immediately formed a community of their own named as Ahmadiyya Muslim Community. American culture has experienced a relative difference since the emergence of Islam which encompasses building of mosques, formation of political and donation organizations and other Islamic practices. The Muslims have immigrated to America in large numbers especially in the year 2005 which has significantly affected the culture in a way that Muslims equally take part in the educational matters. Islam discourages the ideological perception of granting superiority to a particular race and gives equal status to mankind including slaves. This has encouraged slaves particularly to enter into Islam empowering them in the wake. Impact of Religion on Education in America Maintaining a balance between education and religion has emerged as a dilemma and persistent problem in America. Arguments and discussions have been held to ponder over the problem of right placement of religious education in the course outline. The two parties involved in this battle are religious conventional, secularists and liberals. The former demands religion to be included in the basic public education whereas the latter thinks it is a private issue and should not be confused with worldly education. However the importance and impact of religion cannot be ignored. The teachings of religion gave a new prospect to the human life. As far as the Greeks were concerned, they emphasized on the human mind whereas Christianity showed man his soul. The benefits and impact of religion on American education can be better understood if compared

Tuesday, October 15, 2019

What was the impact of the Japanese attack on Pearl Harbor Coursework

What was the impact of the Japanese attack on Pearl Harbor - Coursework Example The Japanese attack on Pearl Harbor, Hawaii on December 7th, 1941 marked a turning point in American history, changing the political consensus on foreign policy in the nation and leading directly to the country’s entry into the largest and most destructive war in history. The first and most lasting consequence of the Pearl Harbor attack was the ending of the isolationist view of American foreign policy that had grown domestically in the electorate following WWI and the Great Depression. As Krzys Wasilewski writes in "American First in WWII," â€Å"On September 4, 1940, a law undergraduate, R. Douglas Stuart, Jr., founded the America First Committee (AFC), an organization that was to promote isolationism and warn the public against the horrors of Europe`s war. Soon he was joined by Lindbergh, Wood, Nye, and other experienced individuals who turned an obscure committee into a nationally recognized institution whose voice was heard all over the country. America was not the polic eman of the world, stated the AFC. Lindbergh, who became the organization`s most recognized member, said that the United States should invest its resources in defending itself, not other countries. ‘Shall we now give up the independence we have won, and crusade abroad in a utopian attempt to force our ideas on the rest of the world?’ asked Lindbergh, ‘or shall we use air power, and the other advances of modern warfare, to guard and strengthen the independence of our nation?’† (Wasilewski, 2008) ... (Lutton, 2002) Whether or not the war could have been avoided is a matter of historical debate, but what cannot be argued with are the direct consequences of the American entry into WWII following the Pearl Harbor attack, which unquestionably turned the tide of the conflict and led to the defeat of the fascist military regimes of Hitler, Mussolini, and the Emperor of Japan. I. The Loss of Human Life from Pearl Harbor and WWII: Modern history books paint an evil picture of the Nazi regime of Germany led by Adolph Hitler and the SS, portraying it as one of the most violent and hateful political regimes of all time. Knowing retrospectively the atrocities and genocide of the â€Å"Final Solution† or Holocaust that led to the deaths of over six million Jews in Europe in concentration camps, the public today believe overwhelmingly that World War II was a just war that stopped the threat of fascism globally and allowed the free, democratic societies led by America and Britain to triu mph ideologically, economically, and politically in the aftermath. Yet, the loss of life during WWII in both civilian and military populations makes it the most destructive and deadly conflict ever engaged in by humanity. The following chart lists the total number of casualties on both sides of the war: These statistics, gathered from a multiplicity of governmental and historical sources, suggest that the Axis powers lost approximately 6.5 million military deaths in WWII combined, in addition to nearly two million civilians. (WarChronicle, 2011) The Allied powers are estimated to have lost over 25 million civilians and 14 million soldiers collectively during WWII. (WarChronicle, 2011) While there is no way of knowing how the war could have been avoided or resolved peacefully, the

Monday, October 14, 2019

SWOT analysis Essay Example for Free

SWOT analysis Essay Pizza Hut, the most popular and prominent brand in the fast food industry is the largest chain food shop in the world. Starting from 1958, it has emerged as the market leader of the industry. The franchise has its own Strengths, weaknesses, opportunities and threats but it is clearly enjoying competitive advantages over its competitors. The franchise has a strong marketing tool, large market share and a group of loyal customers. Based on these, if the company goes for a better and stronger marketing approach in the future, they will keep enjoying the edge over its competitors in the future as well. Marketing Plan for Pizza Hut (Part 1). Pizza Hut is the world’s biggest restaurant company and international franchise which has the origin in Texas, America. It has almost 34,000 restaurants across the world and is currently operating in 100 countries. Pizza Hut offers different types of pizza along with some other dishes like pasta, buffalo wings, breadsticks, and garlic bread. It has started its journey back in 1958 by brothers Dan and Frank Carney in their hometown, Kansas. Since then it has emerged as one of the most popular restaurants not only in America but also in the entire world. (Pizza Hut Corporation, 2012) Internal Environment. The mission statement of Pizza Hut is: â€Å"We take pride in making a perfect pizza and providing courteous and helpful service on time all the time. Every customer says, Ill be back! We are the employer of choice offering team members opportunities for growth, advancement, and rewarding careers in a fun, safe working environment. We are accountable for profitability in everything we do, providing our shareholders with value growth. † (Pizza Hut Website, Hawaii) So from the mission statement it is clear that the franchise wants to serve pizza of great taste and wants to retain its customer so that everybody gets the ultimate joy. They also want to be accountable to its shareholders along with quality team members and workplace. Over the years, Pizza Hut is working hard to establish the above goals and objectives through their dedication, sincerity and honest team members. That’s the reason today Pizza Hut has become the worldwide leader and a trustworthy name among the food lovers. Though today’s world is fast and mechanical people are still looking for the better quality of the food, service and also great taste. As a result, the goals and objectives of Pizza Hut is still very much correct with the peoples perspective. The present performance of Pizza Hut is very admirable as it has captured the largest market share in the industry and also has a loyal customer base. Because of their effective promotion, pricing. Food quality, distribution channel and most importantly unparallel taste, Pizza Hut has achieved a great success in the industry. The recent sale volume of Pizza Hut is also noticeable. In the year 2011, Pizza Hut had a turnover of $5. 5 billion (Financial Statement, Pizza Hut, 2012) where Dominos Pizza had $530. 6 million. (Financial Statement, Dominos Pizza, 2012) So, Pizza Hut is enjoying the edge over its competitors. Though the trend of the industry is downward because of the socioeconomic crisis hasn’t recovered still. The overall performance of the firm hasn’t declined much (only in 2007 it had a turnover of $6 billion) (Financial Statement, Pizza Hut, 2012). And the little decline is the result of the recession of 2008 as discussed earlier. In spite of those little drawbacks, Pizza Hut is trying their best to keep the pace with their mission statement and if they are unable to do that just because of external facts they will meet up with that with their honesty, service quality etc. Customer Environment. In a nutshell, everybody around the world is the potential customer of Pizza Hut. As people of all ages like foods like pizzas, they can enjoy the ultimate and different taste of Pizza Hut. The current customers of Pizza Hut have great variety. As they provide a wide range of pizzas, people from different ages can enjoy their foods. People of young age have a great attraction towards the Pizza Hut and they are a great portion of customers for Pizza Hut. In the process a few other players can be added as the young people may take money from their parents and can be influenced by their friends. The product is used only in one way and that is for eating. The great taste of the pizzas can amaze everybody and they can be the admirers of that. Customers can buy pizzas directly from the outlets and can hang around there. They can even order the food online and home delivery will be available. In the festival time with some special offers the consumption may be increased and customers may be attracted to consume more to get benefits. Because of taste, quality and service, the purchasers of Pizza Hut purchase the foods of Pizza Hut. There are other players in the market and they have a loyal customer base as well though that is not as significant as Pizza Hut. As a result, Pizza Hut are not getting those customers and they aren’t buying the pizzas of Pizza Hut. External Environment The competitors are quite a lot in the market for Pizza Hut. Some big names like McDonalds, Dominos Pizza etc. are strong contenders for taking away the crown from Pizza Hut. As it discussed earlier, Dominos pizza isn’t far away from Pizza Hut in sales volume and trying hard to get there. McDonalds also with their innovative products are looking to do the same. As it told, the recession of 2008 made a strong impact on the Pizza Hut as well as on the industry. It has experienced downward pressure in the sales volume. So, if the economy gets stabilized, the performance of the industry as well as Pizza hut is expected to be improved. Computerization is a must for the current world. Pizza Hut is computerized and centralized. As a result, the customers are enjoying digitized facilities like online ordering, home delivery etc. The sociocultural situation of the target customers are also very important factor which is needed to be considered. The target customers’ demography, economic and social condition all these things make impact on Pizza Hut as they are expanded their businesses in almost every corner of the globe. So, before going to open an outlet, they need to consider those factors and their probable profitability from that. The profitability shouldn’t be only factor for Pizza Hut. They must consider their ethical and social responsibility towards people and they have a close eye on those as well. They try to ensure the best quality and service of their food s before presenting them to their customers which made them unique in the industry. SWOT Analysis The SWOT analysis of Pizza Hut is like below: Strengths †¢ Largest chain restaurant of the world (Griffiths, 2009) 1. As the restaurant spreads in many countries of the world, it can reach a significant number of people in the entire world. As a result, the franchise can serve their products to many nationalities and because of that they have become e trustworthy name among the customers. People of the different parts of the world have different tastes and preferences. Pizza Hut by having so many outlets in different countries is doing that purpose quite successfully. 2. Pizza Hut enjoys the most branches around the globe (100) which the competitors of Pizza Hut aren’t able to do. As a result, the other restaurants can’t reach to people like Pizza Hut does which clearly makes a difference between Pizza Hut and its competitors and Pizza Hut is having the edge. †¢ Has large varieties and types of pizzas and known for its innovative range of pizzas under one roof (Free SWOT Analysis, 2010) 1. Because of having range of pizzas, Pizza Hut has become successful to meet up with the demands of various customers. Even the people from different countries are enjoying the different tastes of pizzas from Pizza Hut. So, the innovations from Pizza Hut are helping the franchise to be more reliable and popular to its customers across the world. 2. The other competitors like Dominos Pizza can’t offer such a variety of pizzas to its customers. As a result, they are lagging behind Pizza Hut on this regard. †¢ Strong marketing tools (Griffiths, 2009) 1. Pizza Hut has many media partners and uses television as a very strong advertising tool. That’s why their advertisements in television become so popular and has a strong impact on the people from the various parts of the world as Pizza Hut keeps the regional differences on their mind. 2. As Pizza Hut uses better marketing and advertisement tools than its competitors, the other companies of same type aren’t matching with Pizza Hut in the same way. †¢ Large market share and loyal customer base (Free SWOT Analysis, 2010) 1. As the market leader Pizza Hut enjoys the most of the profit of the industry and loyal customers encourage them to increase the number of their outlets in the 100 countries they are operating. 2. The competitors are not having as large market share as Pizza Hut has. So, they are lagging in regard of profit. They don’t have as large loyal customers as Pizza Hut as well. Weaknesses †¢ Loyal customers are feeling that the satisfactory level of the pizzas are not like before and it is in the declining process as other franchises are offering something better than that of Pizza Hut (Free SWOT Analysis, 2010) 1. If the trend of the above feeling among the loyal customers continue then the large market share that Pizza Hut is enjoying at present, will be reduced at some point which will lead the loss of market leadership for them. 2. The other players of the industry are coming strongly with new innovative ideas so that they can satisfy the customers in a better way than Pizza Hut which is be the minus point for Pizza Hut. †¢ Internal conflicts within the company regarding the computerization and centralization of processes (Free SWOT Analysis, 2010) 1. Whatever happens the customers seek the ultimate satisfaction and service from a company but because of this problem, they are not getting the desired services they expect from Pizza Hut. This will lead a bad spoken of mouth problem for the company. 2. The whole processes in Pizza Hut is centralized and computerized but those are causing internal conflicts among the franchises in different regions but the other organizations are not reported to have any problem like this. So, this problem will have an adverse effect on the image of the Pizza Hut. Opportunities †¢ Introduction of new fresh pizzas with innovation (The World’s Largest Online Library, 2009) 1. People are now more health conscious than ever. So, introducing the fresh pizzas will be great idea for attracting new customers and to meet their needs. Besides that, innovative pizzas like new flavors and sizes may create appeal to the customers especially to the young customers. 2. The needed time for innovation can be long as there is no time bindings for that but the fresh pizzas can be introduced immediately as it won’t take a lot of time. †¢ Opening new branches in the regions where the demand is increasing (Free SWOT Analysis, 2010) 1. Young generation in the countries like India, Bangladesh and Pakistan is probably the one big opportunity for Pizza Hut to explore. As the popularity of Pizza and other fast foods among these people is increasing day by day, Pizza Hut can use that for their market expansion. 2. As Pizza Hut already having outlets in those countries, the new branch opening won’t take too much time and will increase the profit for the company Threats †¢ Increasing cost of cheese (Griffiths, 2009). 1. The cost increase of cheese will increase of the price of the pizzas. As Pizza Hut tries to give the best taste of pizzas to its customers, it will face problems in doing that. As a result, attracting new customers and retaining the existing customers will be a big challenge for them. 2. As the price is increasing in a slow manner, at present Pizza Hut may not face the problem but in the long run with the increase of price of pizzas, they will feel the pressure. †¢ Threat from other companies and also from the local brands (Free SWOT Analysis, 2010) 1. McDonald already introduced McPizza and Dominos Pizza becoming more and more competitive. So, the competition is getting tougher and tougher day by day. So, customers who seek variety may tend to shift from Pizza Hut and in the process Pizza Hut may loss a significant portion of the existing customers. Also some local brands are trying to provide pizzas of different tastes to the customers in different countries which are alarming for Pizza Hut. 2. The threat of losing customers because of the above reason may arise very quickly. So, Pizza Hut should be aware of the fact. SWOT Matrix. |Strengths: |Opportunities: | | | | |Largest chain restaurant of the world |Loyal customers feel that the satisfactory level of the pizzas | |Large varieties and types of pizzas and known for its innovative |declining | |range of pizzas under one roof |Internal conflicts within the company | |Strong marketing tools | | |Large market share and loyal customer base | | | | | | | | |Weaknesses: |Threats: | | | | |Introduction of new fresh pizzas with innovation |Increasing cost of cheese | |Opening new branches |Threat from other companies | | | | Developing Competitive Advantages. From the SWOT analysis, it is quite clear that in spite of having some weaknesses, Pizza Hut is clearly enjoying some competitive advantages over its competitors. The three stronger points are discussed in the next section: Largest chain restaurant of the world As the restaurant spreads in many countries of the world, it can reach a significant number of people in the entire world. People of the different parts of the world have different tastes and preferences. Pizza Hut by having so many outlets in different countries is doing that purpose quite successfully. Strong marketing tools. Pizza Hut has many media partners and uses television as a very strong advertising tool. That’s why their advertisements in television become so popular and has a strong impact on the people from the various parts of the world. Large market share and loyal customer base As the market leader Pizza Hut enjoys the most of the profit of the industry and loyal customers encourage them to increase the number of their outlets in the 100 countries they are operating. Developing a Strategic Focus Focusing on marketing Among the three competitive advantages, Pizza Hut has the most prominent opportunity to develop a strategic focus on marketing. As the advertising tool of Pizza Hut is very strong they should focus more on this sector. As countries like India, Pakistan and Bangladesh are probable opportunities for Pizza Hut and they are looking to expand their business in these countries, a strong advertisement in the television and other media can be very fruitful for Pizza Hut. (Your file library, 2010). References Free SWOT Analysis. (2010, June 02). Free Online Providerof Quality SWOT Analysis. Retrieved January 20, 2013, from Free SWOT Analysis website: http://www. freeswotanalysis. com Griffiths, M. (2009, December 23). Documents Resources for Small Businesse Professionals. Retrieved January 20, 2013, from Docstoc website: http://www. docstoc. com Pizza Hut Corporation. (2012). About Us: Pizza Hut. Retrieved January 20, 2013, from Piza Hut Web site: http://www. pizzahut. co. uk The World’s Largest Online Library. (2009, March 03). Retrieved January 20, 2013, from Scribd website: http://www. scribd. com Your file library. (2010, May 21). Retrieved January 20, 2013, from Fliiby: http://fliiby. com Pizza Hut Website, Hawaii http://www. pizzahuthawaii. com Financial Statement, Pizza Hut, 2012 http://www. yum. com Financial Statement, Dominos Pizza, 2012 http://www. ft. com.

Sunday, October 13, 2019

Foreign Investment In The Philippines Marketing Essay

Foreign Investment In The Philippines Marketing Essay After researching the background of the Philippines economically, politically and socially, our company believes that it is ready to venture our business into the Philippines. What kind of business sector should the company look into that is not only suitable for the local but also profitable to the corporation? In year 2012, Philippines population has reached 103,775,002 and the increasing numbers of population has made the country the 12th largest population in the world today (Central Intelligence Agency, 2012). Due to the increasing population, it has opened up opportunity for foreign companies such as ours to create business investments in the Philippines. There are numbers of industry that our corporation can look into when thinking of doing business in the Philippines, for example the hotel industry. Philippines is well known for their beautiful beaches islands and attractive tourist destination thus tourism is one of the main economy in the Philippines. The spokesperson of Philippines Tourism, Abigail Valte, states that tourism has contributed US$12.83billion for the country and it has not only helps the economics of citizens of Philippines but it also contributes to their improved standard of living (Eturbonews, 2012). Besides the hotel industry, it is recommended that our company looks at stepping into the food and beverage industry. This is because eating good food has become one of the Filipinos habits. An average person will consume three heavy meals in a day but an average Pinoy can actually eat about 7 to 8 heavy meals which consists of the normal breakfast, snacks, lunch and dinner and additional of three meals which are merienda, pica-pica, pulutan. (Matthew Sutherland, 2010). Not only that, their love of food is proven when 0.8 out of 1 of their advertisements talks about food whether you are in a bus or cab, and advertisements on television channels also will include food (Panda B, 2011). Lastly, venturing into the fashion retail industry in the Philippines can be another option. Retailing has been one of the major contributors in job offering to the locals as well as one of the reasons behind of the success of the Philippines economy. According to The Philippine Retailers Association, retailing has contributed 15 percent of their gross national product (The Philippine Retailers Association, 2012). Other than that, Americans and the Spanish have exposed Filipinos to Western culture since the colonization. In addition, pinoys always wanted to look for new gadgets and clothes that are in the current market. Moreover, because of globalization and the use of the Internet, famous clothing brands such as Zara is successful within the Philippines. Retail Clothing Industry Our company should also consider venturing into the retail fashion and clothing industry in the Philippines. Retail clothing or apparel refers to the sales of products such as menswear, womens wear, and childrens clothes to consumers usually from a physical store in an area. The retail industry has seen tremendous growth over the past several years in the Philippines. According to the Philippine Retailers Association (2012), the retail industry contributes about 15% to the total gross national product (GNP) of Philippines. Furthermore, the retail sector creates employment for approximately 5.25 million people, equivalent to 18% of the labor force in the Philippines. Retail industry constitutes 33% to the Philippine service sector (Philippine Retailers Association, 2012). Therefore, it is possible for our company to benefit from the retail sector in the Philippines. The growth potential in the retail sector for our company is relatively positive. In 2010, Business Monitor International (BMI) reported in the Q111 BMI Philippines Retail Report that retail sales were forecasted to grow from PHP1.40 trillion (US$31.42 billion)  in 2011 to PHP1.65 trillion (US$37.06 billion)  by 2014 (Business Monitor International, 2010). This is due to consumer spending and the increasing level of income. Furthermore, an increase in dual-income families and young professionals can also potentially enhance retail sales. In recent years, in order to attract foreign investment and maintain global competitiveness, the Philippine government has also opened up its retail sector to foreign companies. In 2000, this is done through the Republic Act 8762, which is also known as the Retail Trade Liberalization Act. Section 2 of the Retail Trade Liberalization Act states that it is the policy of the State to promote consumer welfare in attracting promoting and welcoming productive investment that will bring down price for the Filipino consumer, create more jobs, promote tourism, assist small manufacturers, stimulate economic growth and enable Philippine goods and services to become globally competitive through the liberalization of the retail trade sector. Pursuant to this policy, the Philippine retail industry is hereby liberalized to encourage Filipino and competitive retail trade sector in the interest of empower the Filipino consumer through lower prices, higher quality goods, better services and wider cho ices (Republic Act 8762, 2000). This gives our company the opportunity to benefit from the incentives provided by this trade liberalization act when we venture into the clothing and fashion stores in the Philippines. As fashion and clothing lines generally targeted towards the young adult demographic, Philippines growing younger population play an important role in retail consumption. Based on UN data, Filipinos between the ages of 20 to 44 has been forecasted to increase to about 39% by 2015, 63% of the population will be economically active in 2015 and 70% of the population will be located in urban areas (Business Monitor International, 2010). The Philippines also has a thriving fashion industry and the citizens are fashion conscious, especially in the metropolitan areas such as Manila and other major cities. Every season, the Philippine Fashion Week is hosted to display designs from top brands around the world and local Philippine designers as well. In order for this firm to venture into the fashion business in the Philippines, the firm would need a platform in which to create exposure for the product and the Philippine Fashion Week can be an ideal place to start building brand recognition for our firm. Moreover, our company can also take advantage of the local talent pool and hire Filipino design experts with superior knowledge of the fashion industry in the Philippines. Entry Mode There are several ways that our company can enter the retail clothing industry in the Philippines. There are many ways to sell and distribute clothing in this todays world. Some retailers market and sell their clothes and products online, shipping directly to the consumer. Others open a physical boutique or retail outlet in locations such as shopping malls, flea markets, and so on. We suggest the company to look into establishing its own clothing brand or committing to a joint venture by procuring a stake in an existing brand of clothing in the Philippines. These two methods of entering the retail market have its own benefits and drawbacks to our company. Our company can look into building its own brand by producing and selling its own garments in retail outlets in the Philippines. As a foreign brand, the Philippines is an ideal market to establish the companys foothold as a retail clothing brand because Filipinos are receptive to foreign clothing brands such as Zara, Topshop and Gap. The younger urban Philippine citizens often purchase foreign brands; therefore, our company should look into setting up its new branch in a major city such as Manila before expanding the business to other parts of the country. Furthermore, our company can also set up an online platform in order to reach customers in the broader Philippine region as well. Setting up an entire new clothing brand can be challenging for our company as well as costly. However, our company should look into reducing production costs by manufacturing within the Philippines to reduce cost of transporting or lower manufacturing costs by outsourcing the production to a country with cheaper labor. The United States Department of Labor (2011) found that the hourly compensation costs in manufacturing in 2010 in the Philippines is $1.90, which is the lowest among all the countries compared in its study including Mexico, Taiwan and Brazil and others. On the other hand, our company can look into creating a joint venture with a local brand or a local designer. The Philippines has many talented local fashion designers that may not have the resources to manufacture and sell their clothing. Our company can provide the funds necessary for these designers to create a clothing line to sell to consumers. In this sense, our company saves cost in conducting market research, hiring new personnel to observe the industry trends and hiring designers to come up with new clothing because the designers are equipped with the knowledge of the fashion industry in the Philippines and are better versed in the fashion industry. This option is less risky than Greenfield venture because the company has limited liability should the venture fail. The company will only have fewer losses from the capital provided to the designer as compared to capital losses from creating an entire new brand from scratch. Food and Beverage Industry There are a few business sectors that our company could consider venturing in the Philippines. One of it is the Food Beverage (FB) industry. FB is an industry that specializes in the making of, conceptualization, and delivery of foods. The biggest sector in FB employees are in restaurants and bars, which includes hotels, resorts, and casinos. Based on statistics by the Department of Primary Industries (DPI) in Victoria (2009), Philippines is one of the worlds youngest population and fastest growing populations, which is 96 million and 65% of its people below 30 years of age. The difference between the rich and poor is large with 30% of them living below the poverty line. This wide gulf results in very contrasting food consumptions trends in the Philippines. In general, locally produced products are consumed and low-medium priced imported products are consumed by traditional markets whereas medium-high priced imported products are mainly found in five star hotel restaurants and foreign owned supermarkets in major urban centres such as Manila. The majority of food consumed by the Filipinos are mainly manufactured by local companies such as San Miguel and RFM Corporation, which produces all major food sectors, such as processed meat products, processed fruit and vegetables products, dairy products and snacks. These manufactured food plus with fresh meat, fruits and vegetables are the typical food for the low-middle class Filipinos, who are the dominant consumer in the Philippines. However, middle-high income earners are demanding for non-traditional and imported foods that are ready-to-eat and in turn for a modernization in the food-retailing sector. This is a good opportunity for our company to venture in the Philippines by exporting our local goods to meet their demands. According to a company that organizes trade expositions (2012), this year itself the foods and beverages industry is expected to grow around 5% to 10%, stimulated by the demand of healthier foods and beverages. As said by Mildred Caballero (2012), president of Tradecon, Right now, there is more focus on health food and health-related products. Now, when people buy food, they look for health benefits. That is the strength of the industry right now, in an interview at the fifth annual Philippines International Food and Beverage Expo. Other factors that influence and shape the countrys demand for food and beverage products are the Filipinos food-oriented culture that stresses on frequent snacking, the youth oriented food market (35% of the population is below 15 years old), the increasing workforce participation by women and dual income households, which results in greater demand for convenience food that is easy to prepare, and also the western influence on the food and beverage market . Entry Mode As consumers in the Philippines are becoming more health conscious, our company could export our local products and increase the range of their organic products. Although countries like United States and New Zealand are the top exporters of packaged foods to the Philippines, there is still opportunity for our company to provide them with healthier packaged food products such as seafood-based, vegetarian, all natural and organic products. It is also expected that more Filipinos are moving to urban areas due to better job opportunities and demand for easy meal preparation packaged food products will definitely increase. Apart from their traditional Filipino dishes being the majority meal solution, there are still opportunities for our local cuisine as the market slowly evolves to globalization. Despite that, we will have to consider factors like affordability due to limited disposable income of most households. Hotels and Accommodation The other business that is suitable in the Philippines is the hotel and resort business. As we know that, the hotel industry is related to the tourism industry in one country. Anticipating the tourism industry in the country can bring the answer whether to enter the market of hotel industry in that country is a valid decision. The tourism industry of Philippines had kept on building up as visitor arrivals from January to September 2012 had reached an amount of 3,149,985 for a 9.08% topping over last years arrivals of 2,887,715 for the same time of the year. Most markets throughout the mentioned period had showed increasing growth rates. Korea continued as the Philippiness top tourist market with 752,918 arrivals, for 23.90% of the total visitor volume, and displaying an expansion of 9.61%. Korea is followed by the U.S.A., which made up 485,484 or 15.41% of the total visitor arrivals. This market increase 4.01% from the 466,767 visitors registered for the same time last year. In the meantime, Japan supplied 311,008 arrivals for 9.87% share to total visitor volume, increasing the percentage up by 8.52% from 2011. China positioned at the fourth place with 6.25% share of the total visitor volume or total visitor arrivals of 196,926. This market registered total visitor arrivals of 171, 981 versus its double-digit expansion of 14.50% a year ago. Taiwan is positioned at fifth with 171,420 arrivals for a 5.44% share of the total visitor volume. This market expanded by 25.39% from 136,713 arrivals registered last year, therefore, setting the uppermost growth rate amongst the top five markets. After examining the tourism aspect of the Philippines, we also took the business environment of Philippines into consideration. With the lifting of restrictions on the foreign investment law, 100% foreign equity may be approved in all sectors of investment apart from those held in reserve for Filipinos by consent of the Philippine Constitution and existing laws. A foreign corporation has to initially acquire the essential licenses or registrations from the proper government organization. For corporations or partnerships, the required incorporation documents from the Securities and Exchange Commission must be attained. The government of Philippines appreciates the critical role of private sector investments and, thus, pledges to constantly improve the business environment. Foreign investments are inspired to fulfill capital gaps, assist in provide employment, enhance production, and supply a base for the overall growth of the economy.  Investment laws and regulations have therefore been loosened to ease the entry of foreign investments. Entry Mode There are a few form of entry that can be considered in entering the hotel industry in Philippines. The form of entry that is deemed suitable is through merger and acquisition. Mergers and acquisitions  (M A) is a common term used to signify the combining of companies. A merger is the merging of two companies to create a new company, whereas an acquisition is the acquirement of a company by another where no new company is established. (Investopedia, 2012) We have chosen this form of entry with valid reasons. Due to the established market in Philippines, it is appropriate to use this form of entry to enter the market. Using MA also provides a certain advantage that is to minimize the time needed to start the business which includes building a hotel or resort from scratches. The effort of gathering human resources to manage the business is also nullified to the minimum since the basic labor force has already existed and the company only needs to delegate the management sector of the business. Since the hotel industry is a high capital and high risk business, we avoid using the Greenfield form of entry for the risk it imposes. Currency and the International Monetary Policy The currency in Philippines is Peso or officially piso. The currency code or an international abbreviation for Peso is PHP and the symbol of it would be P (a line or a double line in the middle of the capital P). The currency rankings show that the most popular Philippines Peso exchange rate is the PHP to USD rate. Peso is divided into 100 centavos (officially centimo). Currently in November 2012, the U.S. dollar is worth about 41 pesos and the Euro about 52 pesos. Current are coins of 1, 5, 10, and 25 centavos and 1 and 5 pesos, and bank notes of 5, 10, 20, 50, 100, 200, 500 and 1000 pesos. Five and ten peso note is no longer printed, but still legal tender. In 1997, all old Philippine currency was replaced by new banknotes and coins. Notes from before 1997 cannot be used anymore. In December 2010, a new series of banknotes was announced. The old notes will remain valid for at least three more years. New coins have been announced for 2012. The Security Plant Complex of the Bangko Se ntral ng Pilipinas is where the coins and banknotes are made. In 2009, the Bangko Sentral ng Pilipinas announced that has launched a massive redesign for current banknotes and coins to further enhance security features and improve durability. Sources from Bangko Sentral ng Pilipinas, the members of the numismatic committee include Bangko Sentral Deputy Governor Diwa Guinigundo and Dr. Ambeth Ocampo Chairman of the National Historical Institute. The new banknote designs feature famous Filipinos and iconic natural wonders. Philippine national symbols will be depicted on coins. The BSP started releasing the initial batch of new banknotes in December 2010 while new coins will be introduced beginning 2012. Current banknotes will remain legal tender for at least three years exactly in December 2013. Table below is the current exchange rates taken last updated on Tuesday, 6 November 16:00 Currency Code Rate Rate pesos / foreign currency foreign currency / peso US dollar USD 41.251 0.024242 Euro EUR 52.801 0.018939 Japanese yen JPY 0.51463 1.9431 Australian dollar AUD 43.057 0.023225 Brasilian real BRL 20.282 0.049304 Bulgarian lev BGN 26.997 0.037041 Canadian dollar CAD 41.504 0.024094 Chinese yuan renminbi CNY 6.5865 0.15183 Croatian kuna HRK 7.0098 0.14266 Czech koruna CZK 2.0866 0.47925 Danish krone DKK 7.0777 0.14129 Hong Kong dollar HKD 5.3225 0.18788 Hungarian forint HUF 0.18737 5.3370 Indian rupee INR 0.75780 1.3196 Indonesian rupiah IDR 0.0042883 233.20 Israeli New Shekel ILS 10.588 0.094443 Latvian lats LVL 75.831 0.013187 Lithuanian litas LTL 15.292 0.065393 Malaysian ringgit MYR 13.463 0.074277 Mexican peso MXN 3.1699 0.31546 New Romanian leu RON 11.684 0.085586 New Turkish lira TRY 23.218 0.043069 New Zealand dollar NZD 34.173 0.029263 Norwegian krone NOK 7.2113 0.13867 Polish zloty PLN 12.813 0.078048 Pound sterling GBP 65.923 0.015169 Russian rouble RUB 1.3100 0.76335 Singapore dollar SGD 33.715 0.029660 South African rand ZAR 4.7359 0.21115 South Korean won KRW 0.037819 26.442 Swedish krona SEK 6.1596 0.16235 Swiss franc CHF 43.728 0.022869 Thai baht THB 1.3410 0.74569 The Philippines has used the floating exchange rate system for many years. As a result, it was not one of the Asian Tigers that thrived under fixed exchange rates. When the tiger economies moved to the floating exchange rate system, their economies collapsed in what is was called the Asian Financial Crisis in 1997. In recent years, the Philippines have moved away from a strict application of the floating exchange rate system (Central Banks description of policy). Philippine banks are allowed to purchase foreign currency for their own accounts, following the Central Banks guidelines. These guidelines require depository banks to maintain 100% cover for their foreign currency liabilities (except for US dollar denominated repurchase agreements with the Central Bank- Section 73). In addition, the Central Bank admits that it intervenes in the market to stabilize the currency and ensure the competitiveness of Philippine products. From the official foreign reserves, the Philippines now build up official foreign reserves and since 2003 has had current account surpluses. Its foreign investments have increased from the equivalent of 2.6 months imports in 1995 to the equivalent of more than 9 months imports in 2009. It appears to be stabilizing the exchange rate and raising its foreign reserves. This movement away from the strict application of Friedmans floating exchange rate system is injecting new money into the Philippine economy, thereby stimulating economic growth, which reached 8% in real terms in 2007. At the same time, it is improving the external balance of payments position of its economy. In addition, it is contributing to the economic growth of the Philippines. The graph below shows the growth imports and exports in the Philippines. The global financial crisis has reduced exports in 2008 and 2009 and reduced imports in 2009. http://www.buoyanteconomies.com/Philip1.gif Exports and Imports in current dollar terms (source Central Bank of the Philippines) Even so, further reform to monetary policy of the Philippines could see that economy grow more rapidly to utilize the existing high level of unemployed resources while maintaining balance of payments stability.