Investigation of cultural influences and impact on CSR Dissertation

Investigation of cultural influences and impact on CSR - Dissertation Example If it appears the target is not to be attained, then the procedure is reviewed and revised midway to avoid further waste of resources. Results are important at Toyota. INT 2: Oh, yes so you’ve read that article about â€Å"Americanness†? Well, I would not put it exactly that way, that’s too black and white. But in more general terms, yes, Toyota wants to be perceived as a global company, a company that is a citizen of the world, so to speak. Whenever academicians talk of Japanese corporate culture, however, they typically cite Toyota. True, we embody a lot of the management philosophies that are associated with â€Å"Japanese† management, like just-in-time, etc., but I would prefer to think that we have a culture of constant quality improvement depending on the purpose of the business, not merely because the company is originally Japanese. (2) A survey and selection of social issues, among many, that the company may effectively address Which issues are rel evant to your host country? Of those that are relevant, kindly describe the context or particulars in which they are considered relevant. What other issues other than those mentioned would you think are relevant? Has your company chosen to address these issues through the CSR program? If not, why? If yes, why have these issues been chosen and others have not? INT 1: Toyota is undergoing a bit [actually a lot] of controversy because of the millions of cars it has had to recall in the past years. So there is the issue of consumer safety right there. The company used to be known for precise safety engineering and not sacrificing on quality or safety for the sake of profit, but the way it appears now we are giving the impression that we are remiss. It is management’s task to bring the point home strongly that we are not neglectful, our mass production system and uniformity of component design across several vehicles just worked against us publicity wise. INT 2: I see my colleague talked to you about the recalls. Other than this, however, is the issue of Toyota being supposedly against more aggressive greenhouse emission reductions. There was some publicity about the company supposedly lobbying to extend the deadline for compliance. I would say that this is not true to the best of my knowledge. Toyota is always at the forefront of green technology, and of transparency in corporate governance as well. The company should have done better, however, in terms of publicity damage control. I think the public liaison had delayed in its response. It should not have reached the point where our company president should have been summoned [at the Congressional hearing]. If the publicity had been addressed sooner, he should have been spared having to explain personally. While there is nothing wrong in a company president speaking for his company, the face-off between the American government on one hand, and a Japanese leader on the other hand, could rub the wrong way for people who remember the war and Japan’s emperor being made to sign the articles of surrender – you know. (3) Mapping out a course of action and devising a program plan to address the selected issues Given the issues your company has selected, what program plans were arrived at to address them? How are these programs planned out? INT 1: I think you will find more of this in the company annual report. The programs are given

How Important Are Fossil Fuels To Society Environmental Sciences Essay

How Important Are Fossil Fuels To Society Environmental Sciences Essay Thirst for knowledge is humans natural behaviour which has led to various inventions and discoveries. Humans need energy for doing all types of work. Without generating energy, all the luxuries of everyday life will come to an end. Fossil fuels, a remarkable discovery by humans have simplified our lives. However, the rate at which these resources are being depleted are threatening to run out soon. Fossil fuel usage began on a large scale with the introduction of industrial revolution in 1800s.Nowadays, a lot of alternative energy options are available, like wind , hydro , and sun energy. But ironically, majority of our energy is derived from non-renewable energy sources, which are commonly called fossil fuels. Like every other invention or discovery influence society, same applies to fossil fuels as well. In order to know how fossil fuels affect our society, one needs to examine it. Without fossil fuels, there wouldnt be any means of transportation, and the world and the economy would come to standstill. We need energy to heat houses, and energy is needed for agriculture and industries. Without fossil fuels, there would be no energy, no heat, and the cost on running on the alternatives would be a lot higher than what we have on fossils. Fossil fuels are comprised of hydrogen and carbon bonds. Coal, oil and natural gas, are the three kinds of fossil fuels used for delivering energy. With the increasing population, the demand for energy also increases, which increases the pressure on the environment. Another major variable, that threatens and pressurizes the energy sector to move into nuclear, solar and other environmentally friendly energy sources, is due to the fear of climate change. Coal, oil and natural gas supplies are forecasted to peak as the reserves are running out. Coal is a form of solid fossil fuel which is formed by decay of land vegetation. It is plenteous as compared to oil and natural gas. Forecasters predict every now and then, that the coal usage will increase as oil supplies becomes less. Present supply of coal might last about 200 years or more. Developing countries such as India and China, cant meet the expense of using natural gas or oil, and therefore depend on coal for delivering energy. According to IEAs world energy outlook forecast (2006), 85% of the increase in coal demand is likely to come from China. Coal consumption is predicted to increase by 1.4% yearly until 2030, with about two-thirds of the demands in India and China. According to the statistical survey done (2007), The coal consumption in 2006 was 3 billion tonnes. China, India, South Africa and Germany claimed to be the largest consumers of coal. The natural gas exploration is getting cheaper and big industries are switching to natural gas instead of coal which has other side problems, besides environmentally unfriendly. Oil is a liquid fossil fuel, formed from the remainders of marine micro-organisms deposited on the sea floor. Millions of years after, the deposits eventually end up in sediments and rock, in which oil is confined. Oil consists of a lot of organic compounds, which are altered into usable products by refining process. Oil is not found in all the places on earth, and there have been wars on oil supplies. Gulf war which happened in 1991, is a well-known example of this. The local production of oil has lowered since 1960.In 1970s the oil production has plunged reaching a peak point of 9.6 million barrel per day(Mbbl/d). Since then, oil demand has increased significantly such that industries supply less than half of all its oil that we consume. However there had been a radically change in consumption from 1960 to 1970 (from about 10 Mbbl/d to about 17 Mbbl/d) as shown in the figure. Moving to suburb and driving for miles caused an increase in consumption which was a turning point in American societys lifestyle. Nevertheless, during 1970s, demand levelled off and then declined suddenly as oil prices increased to over a dollar per gallon from $0.25. Since 1980s, oil demand has grown progressively as prices stabilized while inflation continued to grow. Currently we sit at 19.6 million barrel per day in U.S. which is about 25% of the worldwide consumption of 77 Million barrels per day. Natural gas is a gaseous form of fossil fuel which is versatile, available in plenty and relatively cleaner as compared to the oil and coal. Like oil, it is also formed from the remainders of marine micro-organisms. Natural gas is made up of methane, and is highly compressible, and is drilled to bring it on the earths crust. More coal was used until 1999, than natural gas. It has surpassed coal now in developed countries. However, humans are frightened that natural gas supply will eventually run out, like oil and coal. Predictions say that this might take place at the end or the middle of the 21st century. Unlike oil supplies, Natural gas reserves are distributed more uniformly around the planet. Energy produced by combustion of fossil fuels is converted to heat and electricity in power plants. On combustion, carbon and hydrogen reacts with oxygen to yield carbondioxide and water with heat. Electricity is produced by transforming this heat into electrical energy in a generator. Although, building a power plant needs a lot of money, the efficiency it delivers to convert fuel into energy is very high, and is worth the money spent to build it. The demand of electricity varies throughout the year, and provisions should be made to meet the demand in peak load. When the demand surpasses the capacity of power plants to generate electricity, momentary blackouts are experienced. In 2001, California experienced shortage of electricity, drawing attention to the crude oil and natural gas shortage. In the past, fossil fuels were present in abundance and were easy to obtain and deliver. The present trend of using these energy resources by mankind is one of the important issues questioning its long term sustainability. We have created a horrible situation for ourselves, by denying the fact that these resources will not be running low, and trying to run away from the reality rather than facing it. People are afraid of the consequences of what may happen if the fossil fuels actually run out. Fossil fuel combustion contributes to a lot of environmental issues that are also high on political agenda these days. Examples of these issues include emission of greenhouse gases, acid rain, air and water pollution, and ozone at ground level. These environmental concerns are caused by the burning of fossil fuels, which produces impurities like nitrogen, sulphur, and organic volatile compounds. These bi-products influence people and our atmosphere in many harmful ways. Like a glass in a greenh ouse, these pollutants build a barrier and prevent the excess heat from earth to escape. The temperature of the earth increases with the increase in this barrier, resulting in global warming. Global warming has become a serious issue, which could threaten our existence. Have people ever thought that why Antartica experienced the warmest years in all of history? Have people thought of rising sea level, which resulted due to melting of ice? The intensifying sea level could lead in floods and hurricane. If these changes are not enough to alert humans, the effect on agriculture around the world might be frightening. Production of maple is decreased by 10% because of warmer and shorter winters. A study comparing the yields of six main staple crops was done at the Lawrence Livermore National Labs and Stanford university. Study showed that for every one degree rise in temperature, there will be a decline of about 3% to 5% in the yield of those crops. Those six crops is responsible for abou t 55% of non-meat calories consumed by people, and about 70% of the animals feed all over the world. Acid rain is caused by the emission of sulphur and nitrogen, by burning fossil fuels. Acid rain is a combination of dry and wet deposition from the sky which contains higher amounts of nitric acid and sulphuric acid than normal. It makes the lakes and streams acidic, which leads to destruction of trees at higher altitude and soils. Acid rains also contribute to the decay of buildings and sculptures, decreases the visibility and have harmful effects on publics health. Acid rain not only cause damages where it falls, but it affects all over the planet, since lakes and streams transport the water throughout earths crust and finally to the ocean. The plants and animals that are dependent on this water to survive are affected and may decease if the chemicals in the water are present in extreme excess. Another problem resulting from fossil fuel usage is Air pollution, resulting in smog. Apart from human sickness, smog also affects the crops, by seeping through the leaves protective layers and destroying the essential cell membranes. This makes the crops weaker and decreases its yield. Combustion of fossil fuels produces nitrogen and other organic gases that form ozone. Ozone is formed near the surface of the earth causing air pollution. According to the CESI report (2006), Ground level ozone has affected the health of Canadians including respiratory problems, cardiovascular diseases, premature deaths and over 6000 hospitalizations. All above discussed issues are caused by the emission of impurities that are present in the structures of fossil fuel .Presently, combustion of oil accounts for about 30% of carbondioxide in the environment. The maximum emission of pollutants is caused by the burning of coal. Natural gas consists of methane structure, due to which it doesnt emit as much carbondioxide as compared to oil and coal. The question arises, that looking at these consequences, why are we still using fossil fuels to such large scale? The answer is simple; because fossil fuels are comparatively cheaper than using alternatives we know so far. People have made their lives so much dependable on fuels, that if these run out, the human civilization will come to an end too. Also, digging fossil fuels from earth surface is dangerous, as digging of mines and wells could result in change of surroundings and may fetch immense quantity of salt water to the earths surface, which can result in damaging the ecosystem in clos e proximity with no appropriate treatment and sequestration. There are procedures to follow to minimize the hazards, but it is hard to completely eradicate them. However, regulations are not enough, we should continue researching new technologies for fossil fuels and renewable sources both, to add increasing conservation measures. Few environmentalists predict that because of insufficiency, fuel prices will increase exponentially in the coming century. We cannot completely stop using fossil fuels, but we must make some changes in our consumption pattern by avoiding oil products and favouring available alternatives for our sustainability.

Philosophy for Children Essay -- Philosophy Philosophical Metaphysica

I. The concept of the Community of Inquiry Central to the heart of P4C lies the notion of a community of inquiry. Originally a term from Pierce to reference interaction among scientists, the concept of "COI" dominates the discussion of educational revisionism as presented by commentators on the P4C movement. The key description marking a COI is: a group (a social setting) of individuals who use dialogue (interaction among participants) to search out the problematic borders of a puzzling concept (inquiry as philosophical.) Implicit in the ideal workings of this group are two key concepts: a demonstration of thinking that is caring (each member is supported and allowed to be an integral member of the community), creative (new ideas are sought out and encouraged) and critical (good reasons are expected for one's ideas and positions). fallibilism (a willingness to be corrected and an acknowledgment of possible error or perspectivalness). Thus, the COI offers us a dual message of promoting critical thinking and encouraging an obligation to one's fellow inquirer. As such the concept of COI attempts to address contemporary challenges to education to produce better thinkers and more caring members of society who can tolerate differences at the same time they can submit conflicts to reasonable scrutiny. In a COI all participants must respect one another as thoughtful persons who seek communally to better understand the issue at hand. In describing the COI as central to philosophical inquiry with children I have tried to achieve a certain degree of metaphysical neutrality by focusing upon the methodological structure of the discussion. However, once we probes beneath the surface definition we discover a cache of important meta... ...e Communities," Analytic Teaching, vol. 15, no. 1, pp. 3-16. Schleifer, Michael. "Philosophy and Community in Education: A Critique of Richard Rorty," Analytic Teaching, vol. 17, no. 2, pp. 27-34. Sharp, Ann Margaret. "The Community of Inquiry: Education for Democracy," Thinking, vol. 9, no. 2, pp. 31-37. _________. "What is a 'Community of Inquiry?", Journal of Moral Education, vol. 16, no. 1, pp. 37-45. _________. "Feminism and Philosophy for children: The Ethical Dimension," Thinking, vol. 11, no. 3/4, pp. 24-28. Slade, Christina. "Conversing Across Communities: Relativism and Difference," Analytic Teaching, vol. 17, no. 2, pp. 3-12. Thomas, John C. "Community of Inquiry and Differences of the Heart," Thinking, vol. 13, no. 1, pp. 42-48. Traverso, Gabriela. "Community and Hermeneutic Rationality," Analytic Teaching, vol. 17, no. 2, pp. 21-26.

International versus U.S. Standards Essay

In 2007, the SEC modified its position on the Form 20-F requirement when it issued; â€Å"Acceptance from Foreign Private Issuers of Financial Statements Prepared in Accordance with International Financial Reporting Standards without Reconciliation to GAAP.† This rule amends Form 20-F to accept from foreign private issuers in their filings with the SEC financial statements prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board without reconciliation to generally accepted accounting principles as used in the United States. _Required:_ What was the SEC’s rationale for this decision? How did the American Accounting Association respond to the SEC proposal? CASE 3-8 IASB VS. FASB CONCEPTUAL FRAMEWORKS Discuss the similarities and differences between the FASB and IASB conceptual frameworks with respect to the definitions of the elements of financial statements. CASE 3-9 IASC HOME PAGE Log onto the World Wide Web and enter the International Accounting Standards Board’s home page. _Required:_ a. What general categories of information are contained on the IASB’s home page? b. What current issues is the IASB reviewing? FINANCIAL ANALYSIS CASE GAAP vs. International Accounting Standards _Required:_ Find a foreign company that is selling securities in the U.S. securities markets and comment on the change in net income that was caused by changing from the company’s domestic accounting standards to U.S. GAAP.

Forever New Case Study Essay

Indian Retail Sector India is one of the most desirable retail destinations in the world. India’s twin growth engines of economic growth and demographic profile set it apart from other nations and present a compelling business case for global retailers looking to enter the market. PwC research indicates that India’s retail sector is worth US$ 350 billion and has a low organised retail penetration of 5 to 8%. Modern trade emerged during the 90s, primarily in the food and grocery sector, and is now growing at a Compound Annual Growth Rate (CAGR) of 15 to 20%. A large market potential for a range of categories is indicated by low ORP, increasing urbanisation, growing incomes, increasing consumer confidence, etc. India’s retail sector comprises organised and unorganised participants. Given the size of the country’s retail market, PwC research and other reports suggest that the 12 million mom-and-pop stores comprising India’s unorganised market can co-exist with modern trade players. Recognising the long-term growth potential of India’s retail market, some of the country’s largest conglomerates have allocated billions of dollars to launch large scale retail initiatives that span cash-and carry, food and grocery, books, music and leisure, gems and jewellery, footwear, apparel, accessories, etc. India-based retail incumbents are expanding their presence across a range of categories, experimenting with formats, launching private labels, strengthening supply chain systems and more. Global retailers are also assessing the Indian market with keen interest. They have recognised that the next wave of growth in terms of generating revenues, reaching new customers (including the large number of middle-class consumers) and harnessing research and development (R&D) and innovative skills. An aspiring middle-class of 300 million consumers, a large demand-driven population of 500 million young consumers and a relatively untapped rural population of 700 million people constitute the growth story. Besides, a strong GDP growth, rising consumer confidence, consumption-based behaviour, increasing incomes and a large pool of consumers have made India one of the world’s most attractive retail destinations. Major demographic groups are driving purchases across categories: Sources: PwC analysis Capgemini, Merrill Lynch Wealth Management India’s Retail Fundamentals: Market Size Compound Annual Growth Rate Unorganised Sector Organised Retail Penetration Retail Density Contribution to GDP US$ 350 Billion 15-20% 12 million mom and pop stores 5-8% 6% 14% Indian economy displays resilience in the midst of global crisis. Source: Prime Minister’s Economic Advisory Council, Government of India Demand drivers Demanding consumers: Indian consumers are demanding access to products and services that delight and excite them, are of good quality, and provide value for money. Increasing incomes: Strong GDP performance, capital market growth and the emergence of new industries are creating new millionaires and boosting income levels. This acts as an incentive for consumers to spend more on products. They are also experimenting with brands, trying new products, etc. Evolving consumption patterns: Traditionally, the focus of Indian consumers was on saving. However, positive macro-economic fundamentals, an evolving retail market, lifestyle influencers, etc. are ensuring that consumers spend more across categories. Other aspects, like the emergence of double-income households, easier access to credit and society’s acceptance of self-indulgence, are changing purchasing habits. Supply drivers Expansion: The growth of modern trade and expansion plans are enabling consumers to easily access retail products and services across urban, Tier II and Tier III cities and towns. Growth opportunities: Some high growth categories in the retail sector include children’s wear, accessories, consumer durables, leisure, apparel and footwear. New entrants: Some of the world’s largest and most prestigious brands and retailers have a presence in India. Those who have not yet entered India are assessing the market with interest. The central government recently took a decision to allow up to 51 percent foreign direct investment (FDI) in multi-brand retail and raise the limit for overseas investment in single-brand retail to 100 percent. Benefits of FDI Consumers: plethora of options with better quality. Government Exchequer: Payment of indirect taxes through the supply chain by the modern trade players, primarily service tax. Farmers/Producers: Establishes efficient supply chains that links farmers and small manufacturers directly with retailers which maximises value for stakeholders. Together with back-end infrastructure, this will minimise wastage (especially of fresh foods and vegetables), increase farmers’ realisations, encourage best practices in crop management and improve food safety and hygiene. Unorganised Trade: Mom-and-pop stores can exist alongside modern trade players and can explore partnership models (e.g., sourcing, franchise partners) in a rapidly changing retail environment . India’s retail sector is an evolving market. The sector will grow and develop over the next four to six decades, since consumers will earn more, those below the poverty line will cross over, the gains from economic growth will be felt more inclusively, etc. Pune Retail Scenario The retail sector in Pune was earlier confined to a few markets which were unorganised, chaotic and crowded. In the last two years, however, the rise in modern retail outlets can be seen across the city. Koregaon Park Plaza, Inorbit, Phoenix Market City, Pulse, Kumar Pacific Mall and Amanora Town Center are the new ones that have joined the already existing malls like S.G.S Mall, Mariplex and Central to name a few. Source: CBRE India Retail Market View 2011 Source: CBRE India Retail Market View Source: CBRE India Retail Market View Pune has come a long way in recent times. The IT market, automobile boom, student community, thriving service sector, robust real estate market and increase in the number of professionals have led to an expansion of the city. This rapid urbanisation, and the new demands of Pune’s global citizens, has led to a rise in the number of malls, offering high-end brands. Introduction Forever New is a fashion clothing and accessories brand founded in Melbourne, Australia. It was started by Dipendra Goenka and Amanda Goenka, an Indian-South African couple in 2006. The brand celebrates the feminine beauty of women, a signature style flowing through every creative element. Collections are inspired by global trends in art, film, music and theatre as well as haute couture runway shows in Paris, London, Milan and New York. It was started as Dipendra Goenka saw an obvious gap which was not only restricted to the Australian market but all over the world. With Forever New, the Goenka’s targeted daughters who are willing to shop with their mothers, a group that flies well under the cultural radar. Normally it gets very difficult for a woman who is on her far side of 40s to struggle with hot pants and play suits of her daughter’s choice, and hence Forever New is a one of a kind store which makes women of all age groups comfortable and creates an environment for all ages groups who prefer ethereal to edgy range. Forever New has created a fashion empire based around the frilly and feminine It is one of the fastest growing Australian brands, Forever New emerged in late 2006 as a start up retailer and now trades over 250 stores in 11 countries globally. The company was restructured in 2010 to support it’s growth which values it at about $108 million, although the ownership remained unchanged. While Forever New is best known as an Australian retailer, the 250-store chain already includes outlets in China, India, New Zealand, Singapore, South Africa and Turkey. While Forever New’s restructure meant that it was impossible to say how much the chain made in 2011. Accounts filed with the Australian Securities and Investments Commission showed that between June 25 and July 31 in 2011 it cleared $480,000 profit on about $1.9 million worth of sales. It had assets of almost $50 million and employed about 700 people. Forever New in India Forever New was launched in India soon after it was launched in Australia. It has its head office in Noida, Uttar Pradesh. It also has its branches in Delhi, Mumbai, Bengaluru, Pune, Hyderabad and Kolkata. Segmentation, Targeting and Positioning In the Indian scenario the segment for Forever New will be women of almost all age groups starting from 15 years. They can be teenagers or college going students, fashion conscious girls, celebrities, elite class of women or house wives involved many in social activities etc. The target audience for frilly, ultra feminine products of forever new ranges from 15 to 60 years as the designs are on the classics edge. Along with that it does make collections inspired from the runway for the fashion conscious women. For the teenagers it has edgy, cute and girly designs. It has different price ranges for women of the elite class and celebrities and provides them with luxurious fabrics and designs. For the women aged 40-60 it has frilly, elegant clothes with a soft pastel palate so that it suits their age and style and doesn’t look flashy. Overseas it positions itself as a middle range brand which caters exclusively to women of all age groups primarily from 15 to 60, but in India generally after the age of 30-35 women do not prefer it. Hence in India it has positioned itself as a very chic, feminine, high fashion expensive brand which caters to women of age group from 15 to 35. The Marketing Mix Product: The products of Forever New are exclusively for women and have a wide variety under them. Under the clothing section they have dresses, tops, pants, skirts, denims, shorts, knitwear, coats and jackets. They widen their range with a beautiful collection of bags, sunglasses, shoes, jewellery, hats, belts, scarves and gloves. The products are very feminine, frilly, and classy and generally have soft colours. The quality of the products is very good especially the choice of fabrics or materials for each piece. Design-wise the products are according to the latest fashion forecasts or they are just plain simple classics. Price: Different products have different price ranges, starting from Rs 800 to Rs 15,000. Promotions: Forever New in India promotes itself through hoardings in malls. It also gives away its products for shoots in fashion magazines for which it gets due credit, hence displaying its latest collection through print media. Exhibitions are put up in Mumbai to create brand awareness. They also do mobile marketing by sending an SMS to every customer informing them about their new offers and sales. It gives away free catalogues to people who enter their stores to increase its brand awareness. It has an online shopping website which displays and sells the latest collections. Place: It sells through 2 different channels. Stores and Online. In India Forever New doesn’t have stand alone stores. They are located in malls. The head office is in Noida but the inventory is shipped from Australia to each store in India separately, even though the products are manufactured in China. Forever New, Pune Forever New is located in 2 different malls in Pune: ï‚ · Town Centre Amanora, Hadapsar Town Centre Amanora in Pune is a lifestyle retail centre, spread across 20 lac sq. ft. It is set according to world class standards, it is destined to be the retail and cultural epicentre of Pune, catering to both Western and Indian sensibilities, it has everything from premium to mass retail, cinemas, quick service restaurants, cafe’s and fine dining options. Town centre is destined to get a steady stream of customers, keeping them engaged throughout the day and create a profitable equation for retail partners. The location is an advantage for Forever New as it has almost all kinds of people coming to the mall out of which a majority are young women from the age group of 15-35 because the mall is situated right at the entrance of Amanora Township spread across 450 acres and is near the Magarpatta area, the hub of IT professionals. ï‚ · Koregaon Park Plaza Koregaon Park Plaza built on European concept, launched on 2nd March 2012 is a world class attraction with a premium retail mix and the epitome of â€Å"shop entertainment† where visitors will find a host of wonderful, engaging activities. The retail positioning of the mall is mirrored by its location in the heart of Pune, at Koregaon Park. This combination of centralised location and the mall’s world class architectural features positions Koregaon Park Plaza as an appealing destination for tourists & shopaholics of Pune. The location should’ve been an advantage for Forever New had the mall been as successful as promised but unfortunately Koregaon Park Plaza is not doing so well, but loyal and regular customers of Forever New do visit often and shop from there. Since the mall is isn’t doing well, it is very difficult to form new customer relationships leading to less brand awareness. Forever New in Town Centre Amanora, Hadapsar It is a small store in a rectangular format. Size: 375 sq ft. Approximately. The customers that come to this store are mostly young girls (teenagers), IT professionals or housewives of the upper middle or high class. Store Layout: The store in Town Centre Amanora is a small, congested store. It has very less space to move around. The focus does not go on the primary wall. The nesting table at the entrance takes up too much space. The trial rooms are big and well accommodating. There is no proper defined space for accessories. There is no defined path for the customer Forever New in Koregaon Park Plaza This store is in rectangular format with a fairly good size. Size: 400Sqft Approximately. The customers that visit this store are mostly loyal customers and are located far away from the Magarpatta area. It also has college going girls coming in to store. Women/girls from upper middle class or high class also come here to shop. Store Layout: The store in Koregaon Park Plaza is comparatively bigger and spacious. The store provides a well defined path for the customer. It has been put up in such a way that the focus goes on the right places. The store is very spacious and welcoming. It attracts attention. Common Features: Almost all the International stores have a Visual Merchandising guideline from their country head office that they have to follow. Some of them are: ï‚ · The collection stories and their display criteria. For instance, the way the story for is be spring it collection has to Tropical Fantasy and the displayed on the primary wall is already decided and ï‚ · ï‚ · The sent window by the display Australian head office. design too comes from the Australian head office. The basic store characteristics, like the humungous beautiful mirror behind the cash counter, the chandeliers, the white walls, the fixtures, nesting tables, trail rooms with maroon curtains, the chic and fun soundtracks, the comment book, the catalogues etc. Whatever things do not get sold off after a particular period of time are sent back to Australia. The collection is updated every month. Everything each store. Sales happen twice a year. This brand wants to ensure that the customer have a first class experience while visiting their store. So that when they walk out they form an image of the brand in their head and position it as a classy, feminine and delicate place. comes from the Australian head office directly to Brand Portfolio Like mentioned before, Forever New is an exclusive women’s wear brand. It has an ultra feminine style and the designs are inspired by classics and latest runway shows of New York, Paris, Milan and London. In India it is considered as an expensive brand. It uses expensive and delicate fabrics like silk and lace for its products. It provides a good visual experience when one enters its store. groups of women. The products are like the brand itself, delicate and beautiful. It has a wide variety of products and sizes for all the age Sizes Women’s Sizing Chart Measurement Point Bust Circumference Waist Circumference Hip Circumference 4 74 57 83 6 79 62 88 8 84 67 93 10 89 72 98 12 94 77 103 14 99 82 108 16 104 87 Clothing International Size Conversion XS S M L 4-6 8-10 12-14 16 Footwear International Size Conversion Australia US UK Europe 5 5 3 36 6 6 4 37 7 7 5 38 8 8 6 39 9 9 7 40 10 10 8 41 Ring Size Guide (measurement is the diameter of the ring) S/M M/L 17mm 19mm Product examples: Dresses: The stores comprised of almost 25 different types of dresses: Some of them were: 1. Cassie Embellished Strap Dress 2. Yvette Skater Dress 3. Ella Low Back Dress 4. Poppy Strapless Waterfall Dress The dresses had a very wide price range starting from Rs 2000 to Rs 15,000. The sizes varied from the kind of dresses available. In general the fastest selling sizes were 6 and 8. The slowest selling sizes were 12 and 16. Tops: The store comprised of almost 45 different kinds of tops Some of them were: 1. Trixie High Low Top 2. Koko Studded Pocket Tee 3. Chelsea Printed Tank 4. Mackenzie Roll up sleeve The prices of the tops ranged from Rs 1200 to Rs 6000. The sizes varied according to the different kinds of tops. The fastest selling sizes were 8, 10, 12 and 14. The slowest selling size was 4. Pants The store comprised of almost 20 different kinds of bottoms: Some of them were: 1. Isobella Draped Pant 2. Leya Casual Skinny 3. Arla Tuxedo Shorts 4. Oslo Piped Pocket Jegging The prices of the pants ranged from Rs 1200 to Rs 4000. The sizes varied according to the different kinds of pants. The fastest selling sizes were 8, 10 and 12. The slowest selling sizes were 6 and 16. Bags The store comprised of almost 15 different kinds of bags: Some of them were: 1. Lori Satchel 2. Ava Grace Small Bag 3. Ariela Hard Case Clutch 4. Lucy Stud Coin Accessories The store comprised of a lot of accessories: Some of them were: ï‚ · ï‚ · ï‚ · ï‚ · Tilly Pearly Statement Ring Heather Beret Vanessa Lace Scarf Jaylyn Enamel Torque The store comprised of almost 15 different kinds of shoes: Some of them were: 1. Prianne Platform 2. Sonia Embellished Sandal 3. Candice Diamente Pump 4. Lolita The prices of the pants ranged from Rs 2500 to Rs 6000. The sizes varied according to the different kinds of shoes. The fastest selling sizes were 6, 7 and 8. The slowest selling size was 10. After studying the assortment of both the stores, it can be concluded that: The size 4 clientele in the Pune sector is less. The most common sizes are 8, 10 and 12. Oversized people generally do not prefer Forever New for dresses and shoes but they prefer the tops. Competitive Analysis According to the Pune Retail Scenario, the direct competitors of Forever New would be: ï‚ · ï‚ · Mango Zara Even though they have different styles and they all are from different parts of the world still in the Indian market these brands are competing against each other. Mango: Mango clothing is a Spanish multinational based in company Barcelona. It designs, manufactures and markets clothing garments and accessories for women and men. Mango opened its first shop in 1984. What started out as a small team began to grow as a result of an ambitious production system based on the philosophy â€Å"justin-time†, which defined product concepts, store design, quality standards, price and brand image. This solid approach has turned Mango into a Spanish fashion leader. Mango can be differentiated for having a highly-defined concept. The Mango concept is based on an alliance between a quality product, with an original design and a coherent and unified brand image. Dressing the modern, urban women for her daily needs is the formula they have analysed, adapted and applied in all the countries in which Mango is present. Zara: Since the moment the first Zara store’s doors were opened in 1975, the growth of the Zara fashion line has built a been unstoppable. In Zara famous the has brand competitive successfully clothi ng industry, worldwide thanks to their premium locations as well as a unique management system of design, production and supply chains. Unlike other fashion brands, it takes Zara only 10 to 14 days from the time they design new clothing until it arrives in stores. This â€Å"fast fashion† concept and operation allow Zara to always provide the most fashionable clothes to their customers, and the ever-renewed collections definitely help build brand loyalty. Brand Positioning: Factors Quality Variety Sizes Assortment Value for Money Price Design Style Forever New Good Fair Good Poor Fair High Good Good Mango Good Poor Fair Good Fair High Fair Poor Zara Poor Good Poor Good Poor Medium Good Good Mango in Pune has established itself only as a women’s wear brand. Unlike Forever New it has a very good assortment of products. It has a category of products which can be affordable by middle and upper middle class women and another category which can be affordable by elite classes. It has better quality but less variety. Zara in Pune opened up recently in 2011. It has great style and is up to date with fashion, but unlike Forever New it has sizing issues and most of their products are sold out or not available in proper sizes. It has poor quality goods when compared to Mango or Forever New. It is cheaper than both the brands but it doesn’t provide value for money. Forever New SWOT Analysis Strengths ï‚ · ï‚ · ï‚ · ï‚ · Filled in the brand gap of mother daughter shopping together. Unique Products Brand name Customer Loyalty Online Market Weakness lot of Indian consumers are not able to relate with the brand. Very expensive Weak Promotion Strategies Less brand awareness Emerging Markets Increasing Economy New Products Innovation New Technology Threats Intense Competition Substitute Products Substitute Market Losses due to low acceptance rate of consumers Strengths Forever New is a big brand name and a lot of consumers will be directed towards it cause of that. It has a USP of filling in the gap of mother daughter shopping together. It has exclusive products for women. It has high customer loyalty rate. Forever new has established itself in the online market which is the latest trend in the retail business. It ships to India free of cost which adds on to the rest of the advantages. Weakness A lot of Indian ‘mothers’ who go out shopping with their daughters won’t be able to relate to the brand. Another weakness is that due to the high prices of the products a lot of people do not prefer buying from there. It has poor promotional strategies and hence the consumers don’t notice it much and hence less brand awareness. Opportunities With the new technology coming in it would be easier to design and produce goods leading to faster innovation and new products. The economy is increasing and hence more and more people will be willing to spend on such brands. Threats There is intense competition from a lot of International brands as they are also looking forward to invest in the Indian Retail Sector. Substitute products and substitute markets at better deals will pose a threat to Forever New. Since the Indian consumers are not accepting the brand properly the company might go into a loss. Data Analysis and Interpretation Why do people shop from Forever New? Sizes Quality Pricing Design Style 0 Why do people shop from Forever New? 2 Style 12 4 Design 9 6 Pricing 1 8 10 Quality 5 12 Sizes 1 14 A majority of people shop from Forever New because of its style followed by its designs. Preferred Mall 14 12 10 8 6 4 2 0 Town Centre Amanora Koregaon Park Plaza Preferred Mall According to my sample size the mall preferred to visit Forever New is Koregaon Park Plaza. What do people prefer buying? Tops Bottoms Dresses Shoes Accessories 3% 13% 37% 34% 13% Almost 37% of people buy tops from Forever New which is closely followed by Dresses (34%). How often do people visit Forever New? 10 9 8 7 6 5 4 3 2 1 0 Weekly Fortnight Monthly Once in 6 months Yearly How often do people visit Forever New? According to my sample size a majority number of people visit Forever New monthly while hardly anyone visits it weekly. How much do people spend? 9% 18% 500-1500 1500-2500 32% 2500-5000 5000-10000 41% In this sample size 41% of people spend Rs 1500-2500 and 32% spend Rs 25005000 on Forever New. Which other brand do you prefer? 16 14 12 10 8 6 4 2 0 Mango Zara Promod Other Which other brand do you prefer? Maximum number of people prefer Zara if not Forever New. Problems faced 4% 4% 8% Style Designs Pricing 46% 38% Quality Sizes Other 0% According to this sample size the major problems faced in Forever New are sizes and prices. Preferance: Store or Online 20 18 16 14 12 10 8 6 4 Preferance: Store or Online 0 Online Store Many people prefer visiting stores over online shopping. Membership Card? 16 14 12 10 8 6 4 2 0 Yes No Membership Card? A majority of people prefer a membership card for Forever New. Recommendations and Conclusion Forever New is moving at a very slow rate in Pune. It caters only to a limited clientele and many people are not aware of it as a brand. People who are aware of this brand and shop from it are not very happy with the sizes and the prices it offers to them. Along with that a lot of people complained that it has limited variety and goes out of stock fast. Despite all these issues, Forever New does have a brand loyalty and some people do follow it regularly, generally on a monthly basis because of its designs, style and quality. A lot of people are not aware about the online shopping facility of this brand and hence do not take advantage of it. The major backing of the online shopping market is that people prefer going to stores because they like the overall experience of actually touching the product and then deciding on whether to buy it or not. International Brands like Forever New are currently going through a bad phase in Pune because consumers are still in the middle of accepting such expensive brands. Growth Opportunities Even though the women’s wear apparel is booming right now, it still is a little congested. But if there is a proper gap like mother daughter shopping together in one store (similar to Forever New), it can easily fit in the Indian scenario, one just needs to work on the styles and sizes a bit so that the Indian mothers accept it more openly. Indians as consumers are still not ready to shell out a lot of money on apparels so if one can work on the prices and they come down a bit for a brand like this, it will be successful in the Indian market. References and Bibliography Winning in the Indian Retail Sector Indian Retail Report: Opening more Doors CBRE India Retail Market View 2011 http://www.forevernew.com.au/ http://www.canalwalk.co.za/shop.htm?shopMGID=35523 http://www.waterfront.co.za/shop/shopcontent/Pages/ForeverNew.aspx http://www.google.co.in/search?rlz=1C1LENP_enIN472IN472&sourceid=chrome&i e=UTF-8&q=globalhttp://www.zendesk.com/why-zendesk/customer/forever-new http://pune.mallsmarket.com/malls/koregaon-park-plaza-pune http://pune.mallsmarket.com/malls/town-centre-amanora-hadapsar

camaro essays

camaro essays 1968-1972 Chevrolet A-Body Production Totals A few years after becoming the owner of a pair of SS El Caminos and a GMC Sprint, I became interested in the production totals for these cars. I soon discovered that Chevrolet did not compile complete production records. There was some data available, but it was limited to three basic types. 1. Model totals. This showed the production totals for each of the different models. 2. RPO totals. At the end of each model year, Chevrolet would compile reports that showed how many of each Regular Production Option (RPO) were installed on the mid-size A-body assembly lines. 3. Tonawanda totals. The Tonawanda engine plant is where all the big-block motors were manufactured. These records show how many such motors were built for each model year. The number of motors built was usually more than the number of cars built (by about 2% to 20%) because some extra engines were normally built for service replacements. These totals were broken down by transmission type (automatic or manual), so they can be used to generate accurate estimates of the number of big-block cars with automatics and manuals. Separate totals were also recorded for the 2-speed automatic cars in 1968, as well as the heavy duty 3-speed manual cars in 1971-72. This may sound fairly complete, but it does not answer the type of question that is frequently asked, such as: "How many 1970 SS-396 Chevelle coupes were built". The answer to this and other similar questions will probably never be known for certain. The reason is that in any given year (after 1968) there is no way to know how many of the SS options were applied to coupes, how many were applied to convertibles, and how many were applied to El Caminos. All that is known is the total number of SS options (on all models) for the year. This same situation exists when trying to determine how many of a certain model were built with the various engine/transmission types. I ha...

Romeo and Juliet For a different audience Essay Example

Romeo and Juliet For a different audience Essay Example Romeo and Juliet For a different audience Paper Romeo and Juliet For a different audience Paper Essay Topic: Romeo and Juliet William Shakespeares story of doomed lovers, Romeo and Juliet is a story for all generations. The presentation of the story depends on how the audience will react to it. For instance, the audience from Shakespeares time ranged from rich snobs to drunken groundlings. In my comic book version of his story, I used more modern words to help my audience; the people of today understand the story better. I adapted Shakespeares original to fit todays audience by modernizing the vocabulary, taking out a few of the less exciting elements and by showing the emotions of the characters through illustrations. The original version of Romeo and Juliet is only different from my own version in one aspect; the presentation. In William Shakespeares time, society was a lot different from the society we know today. The audience Shakespeare had to write for was very demanding. The audience consisted of two major groups; the upper class and the lower class. The upper class was a group of civilized people who were entertained so long as the story of the play was intriguing. The lower class was harder to deal with though. These citizens were most often arrogant drunks who would yell and throw things on stage if they were not pleased by the play. These groundlings surrounded the stage on three sides in section where there were no seats, which made them less comfortable and more threatening to the play. To control these audience members, Shakespeare had to please them. He did this by adding fight scenes and a bit of crude humor. As long as the groundlings were entertained, Shakespeare could run his play without interruption. William Shakespeare wrote his play, Romeo and Juliet masterfully to entertain both upper and lower class citizens. In my version of Romeo and Juliet, a comic book version, I exaggerated the action scenes and diminished the less exciting scenes of poetry. I did this because comic book readers do not read comics to enjoy poetry. Instead they are entertained by good illustrations of action as well as good dialogue to accompany them. For this reason, instead of using elaborate wording like Shakespeare had done to express emotion in each characters dialogue, I showed theyre facial expressions in well drawn illustrations. I also used illustrations to show the setting of the play clearly, instead of using long descriptions of each setting like in Shakespeares version. I could portray these important elements through detailed artwork, without words. The illustrations are a very important element in determining the quality of a comic book. Therefore, it was important that I told the story through pictures as well as dialogue, and not just through literature. In my version of Romeo and Juliet, I showed the power of not only words, but art as well. To adapt Shakespeares original masterpiece Romeo and Juliet to better suit my audience, I converted many ideas from the story into artwork. The artwork of a comic is what determines the quality of the book. I believe that in comic books, the wording used in the dialogue is not nearly as important as the artwork it goes along with. I used artwork to portray deeper or more extreme emotions rather than using quite elaborate words as Shakespeare had done in his version. By showing emotions along with scenery through illustrations, I can be sure that readers have an image of the story in their minds. Another adaptation I used to better suit the targeted audience was the changing of Old English words into more understandable Modern English words. Some passages in Romeo and Juliet are hard to understand by the young readers of today. Therefore, I modernized the wording and emphasized every scene through illustration, rather than confusing literature. I believe I have adapted the story of Romeo and Juliet effectively to suit my audience very well. My version of Romeo and Juliet follows the original version written by William Shakespeare despite the many differences in language and style of presentation. I altered the presentation of Romeo and Juliet to more effectively tell the story to readers of todays generations. Although the story is 400 years old, it is not and never will be an outdated story. As long as love exists, the story of Romeo and Juliet will be a story for all generations to enjoy.

Polysemy Definition and Examples

Polysemy Definition and Examples Polysemy is the association of one word with two or more distinct meanings. A polyseme is a word or phrase with multiple meanings. The word polysemy comes from the Greek for many signs. The adjective forms of the word include  polysemous or polysemic. In contrast, a one-to-one match between a word and a meaning is called monosemy. According to William Croft, Monosemy is probably most clearly found in specialized vocabulary dealing with technical topics (The Handbook of Linguistics, 2003). According to some estimates, more than 40% of English words have more than one meaning. The fact that so many words (or lexemes) are polysemous shows that semantic changes often add meanings to the language without subtracting any (M. Lynne Murphy, Lexical Meaning, 2010). For a discussion of the similarities and differences between polysemy and homonymy, see the entry for homonymy. Examples and Observations The word good has many meanings. For example, if a man were to shoot his grandmother at a range of five hundred yards, I should call him a good shot, but not necessarily a good man. (G.K. Chesterton, Orthodoxy, 1909) Have You Met Life Today? (advertising slogan of Metropolitan Life Insurance Company, 2001) Now, the kitchen was the room in which we were sitting, the room where Mama did hair and washed clothes, and where each of us bathed in a galvanized tub. But the word has another meaning, and the kitchen Im speaking of now is the very kinky bit of hair at the back of the head, where the neck meets the shirt collar. If there ever was one part of our African past that resisted assimilation, it was the kitchen. (Henry Louis Gates, Jr., Colored People. Alfred A. Knopf, 1994) Sports Illustrated can be bought for 1 dollar or 35 million dollars; the first is something you can read and later start a fire with, the second is a particular company that produces the magazine you just read. Such polysemy can give rise to a special ambiguity (He left the bank five minutes ago, He left the bank five years ago). Sometimes dictionaries use history to decide whether a particular entry is a case of one word with two related meanings, or two separate words, but this can be tricky. Even though pupil (eye) and pupil (student) are historically linked, they are intuitively as unrelated as bat (implement) and bat (animal). (Adrian Akmajian, et al., Linguistics: An Introduction to Language and Communication. MIT Press, 2001) The simplest form of this verb is when it signifies movement forward: The advance of the army was rapid. The  word can also mean the state of being in a forward position: We were in advance of the rest of the army. More figuratively, the word can be used to signify promotion in rank or position or salary: His advance to stardom was remarkable. It is also possible to advance an argument in the sense of putting forward reasons for supporting a particular view or course of action: I would like to advance the argument that being in debt is a desirable state while interest rates are so low. (David Rothwell, Dictionary of Homonyms. Wordsworth, 2007) On Polysemy in Advertising Common polysemic puns involve words like bright, naturally, clearly, where the advertiser will want both meanings. This headline ran above a picture of a sheep:Take it from the manufacturer.Wool. Its worth more. Naturally.(American Wool Council, 1980)Here the pun is a way of attributing wool, not to a manufacturing industry, but to nature. (Greg Myers, Words in Ads. Routledge, 1994) On Polysemy as a Graded Phenomenon We adopt as a working hypothesis the view that almost every word is more or less  polysemous, with senses linked to a prototype by a set of relational semantic principles which incorporate a greater or lesser amount of flexibility. We follow the now common practice in polysemy research and regard polysemy as a graded phenomenon . . ., where contrastive polysemy deals with homonyms such as match (a small stick with a tip which ignites when scraped on a rough surface) and match (contest in a game or sport), whereas complementary polysemy deals with interrelated semantic aspects of a word, such as, in the case of record, for example, the physical object and the music. (Brigitte Nerlich and David D. Clarke, Polysemy and Flexibility. Polysemy: Flexible Patterns of Meaning in Mind and Language. Walter de Gruyter, 2003) The Lighter Side of Polysemy Leave it to Americans to think that no means yes, pissed means angry, and curse word means something other than a word thats cursed! (Excalibur employee in It Hits the Fan. South Park, 2001) Lt. Abbie Mills: You sure you want to stay in this old cabin? Its a bit of a fixer-upper.Ichabod Crane: You and I have very different definitions of old. Seems if a building stays upright for more than a decade, people declare it a national landmark.(Nicole Beharie and Tom Mison in John Doe. Sleepy Hollow, 2013)

PATHOLOGY & BIOCHEMISTRY MODEL DEGREE EXAM QUESTIONS Coursework

PATHOLOGY & BIOCHEMISTRY MODEL DEGREE EXAM QUESTIONS - Coursework Example (write about 250 words) The identifying characteristic of malignant neoplasms, with nomenclature of either carcinoma or sarcoma in their suffixes, is that they have ill-defined borders, and are able to infiltrate surrounding tissues and metastasize to other tissues of the body. Malignant tumors are also more prone to necrosis and hemorrhage, as compared to benign ones, growth named with an –oma attached at the end. As such, surgical treatment alone is not enough in treating the disease. Adjunct therapy may include radiation and chemotherapy. In contrast, benign neoplasms can be resolved through surgery because they are encapsulated and their growth is limited within the tissue of origin. Given these reasons, the prognosis of patients with malignant neoplasms is poorer than those with benign growths. Microscopic differences are also present. Malignant neoplasms are composed of cells with a higher mitotic activity compared to benign neoplasms. Thus, malignant tumors are typically larger than benign one s. They also look different from benign cells, which look like normal, differentiated cells, because they are undifferentiated and anaplastic, their nuclei are big and hyperchromatic and their shapes are irregular. The malignant cells of a tumor also vary in size and shape, as opposed to cells of a benign tumor which are isomorphic. Malignant cells also lose their polarity, resulting to disorganized growth. Benign tumor cells still have their polarity intact, thus they are still capable of organized growth. Cell derangement is not just limited to structure , but also to function. Malignant cells have an altered function already, as opposed to benign tumors that retain the function of the tissue of origin. Q2. Write about the sequence of events and processes of the pathogenesis of a typical carcinoma. You may use the flow diagram below as a guide: (write about 200 words) EVENTS AND PROCESSES IN THE DEVELOPMENT OF DUCTAL CARCINOMA IN BREASTS NORMAL Nonproliferative PROLIFERATIVE CHANG ES Caused by loss of growth inhibitory signals, increase in pro-growth signals, or decreased apoptosis DNA INSTABILITY AND ATYPICAL HYPERPLASIA Nuclear enlargement, irregularity and hyperchromasia as cells continue to proliferate HIGH GRADE DUCTAL CARCINOMA IN SITU Solid sheets of pleomorphic cells with hyperchromatism and necrosis Abrogation of the basement membrane, angiogenesis, stromal invasion HIGH GRADE INVASIVE CARCINOMA Cell mass with ill-defined borders A stepwise process is needed in the

The Place of African Traditional Religion in Contemporary Africa Essay

The Place of African Traditional Religion in Contemporary Africa - Essay Example The introduction of European Christianity and values separated the indigenous Africans from their traditional spiritual roots as well as their traditional distinctiveness as a spiritual people. Traditional African religion is focused on the existence of one Ultimate High God. However, the Europeans who introduced Christianity in Africa didn’t understand or properly appreciate the Africans own understanding of the Great Creator. They saw no resemblance between the God they talked about and the Africans own belief in the One Highest God and creator who was, Omnipotent, king, the Great Judge, Omniscient, Compassionate, Holy and Obscure, Immortal and Supreme (Olupona, 1991). The traditional African belief is that the Great One brought the mysticisms into being. He therefore is the creator and everything in heaven and on earth owes their origin to Him alone. He is the king of kings and can not be likened in majesty. He is above all grandeurs and divinities. He resides everywhere. Thus He is omnipotent and is able to do all things and nothing can be created apart from Him. He is behind all achievements. He alone can speak and accomplish his words (Olupona, 1991). In Yoruba myth, Sango once governed as the fourth Alaafin of Oyo. Sango is said to have succeeded his father as one of the early kings of Oyo, and several verses say that he became a king. He was recognized for his magical power and was feared because when he spoke, fire came out of his mouth (Olupona, 1991).  After his unusual life and controversial death, his friends esteemed him as a god. His cult has enjoyed the royal patronage of the Alaafin of Oyo, who is regarded as his descendant. Sangos cult played a significant role in securing the peoples loyalty to the Alaafin in the days of the Oyo Empire (Olupona, 1991)   History has it that he is the son of Yemoja, the mother goddess and guardian of birth. Sango had three wives. Sangos followers regard him as the epithet of

Genesis Essay Example | Topics and Well Written Essays - 750 words

Genesis - Essay Example First, man was made in the image of God as a proof that God has the ability to make decisions. This characteristic can also be seen in humans, as they have the ability to make decisions. This is an exceptional characteristic that is evident in humans. On one hand, humans have the freewill to make decisions, without any obligation from other animals. However, all the other creatures on the earth surface do not have such characteristics, as they are bound by nature. Similarly, creation of man in the image of God enhances the creativity of the Supreme Being. Humans have the ability to be creative in a number of aspects. Apparently, this aspect gave humans control over other creatures on the surface of the earth, since they lack such a character. In addition to this, humans have the mental and social capability, which is enhanced through speech. When looking at the book of Genesis, God communicated through speech. Since the word of God was immensely powerful, all the creation was made th rough spoken words. Ultimately, God gave man the ability to speak. This shows common characteristics in man and God. Making man in the image of God redeems human beings from the animal world. According to the story of creation, God is in ultimate control of all creation2. He has control over all activities, animals, plants and any other creation. However, after creating man in his image, God gave man control over the other creatures on the earth’s surface3. In essence, man was instated as the supreme control over all the creation on earth. This shows that God gave man the power to take care of all the creation, which is in resemblance of His character. Man was created in the image of God, which denotes the righteousness and innocence of God. As a fact, God is holy and supreme being with a moral compass. Initially, Adam was created as â€Å"very

Compare and contrast management interviews Essay

Compare and contrast management interviews - Essay Example Many of us conducted this management interview with managers from different company departments. This paper therefore compares and contrasts the responses that were given by these managers. Different questionnaires reported different management day-to-day duties. Whereas managers carry the same title, their daily job roles are significantly diversified. The roles span from employee supervision, sales management, overseeing production, as well as general office management. Some managers are required to deliver short-term results whereas others are evaluated annually. The interviews also point to the different management levels by different managers. Seemingly, management levels determine the kind of daily tasks performed by the managers. Some of the highlighted goals include meeting daily sales margins, product delivery targets, meeting production line efficiencies. Others set weekly goals where one manager aims to keep everything in order by making sure errors stay to the minimum. Another one sets a monthly goal of managing real-estate by controlling and managing rent expenses on building company leases. However, daily, weekly and monthly targets pile up accumulatively to become annual targets for the organization. The interviews showed that different managers have different goal achieving strategies. For instance, there is a manager who has a strategy of doing paperwork in the morning, another has a strategy of ensuring the employees are properly trained and they are also cross-trained, another one writes down the goals and objectives and gives them to individual employees, and another one ensures customer gets satisfied. One manager pointed to giving incentives to well performing employees as a way of pushing individual employees to meet goals and targets. Yet, others went to an extent of outsourcing challenging tasks to other vendors in

The life and affect of St.Thomas Aquinas Research Paper

The life and affect of St.Thomas Aquinas - Research Paper Example Some claim that the family acquired the name Aquinas from the small Italian town they lived in. Saint Thomas was an exceptional and extraordinary man, who rose above all human challenges to become what he became. The writings and teachings of Saint Thomas were and will be of great impact to humankind. Though he lacked much appreciation, Thomas came to recognition roughly three hundred years ago, when they realized that he was the greatest and most influential catholic teachers of all time (Anonymous). Saint Thomas was so influential that despite his existence many centuries ago, some of his hand written work exist to date and are available in libraries. As such, this paper will provide a description of the life and affect of St. Thomas Aquinas otherwise referred to as a biography. Early life His father was Landulph Aquinas the count of Aquino and his mother Theodore the countess of teano. The Italian family of Aquino was linked to several royals of Europe like Fredrick II and Henry V I. Despite being related to the royals, the Aquino family was poor and lacked all the glory that royalty brings along. Saint Thomas had eight siblings and the family youngest child, and the sixth son of the Aquino. Saint Thomas was of light complexion, big bodied and impressive physique. Like any other human being, Thomas had a thunderstorm phobia or in other words great fear of thunderstorms. This transpired after Thomas witnessed lightning killing his little sister one night and this experience lived with him forever (Schmitz 12). Thomas had a normal life as a child though it halted when he was taken to Monte Casino when he was only nine years old. Education Saint Thomas Aquino left of the abbey of Monte Casino to enroll in religious education when he was only nine years of age. This was the norm or tradition of those early days. Saint Thomas stayed at the abbey until he was 13 years old, the time he left for Naples University to further his religious education. He excelled tremen dously and it is in the university where he explored both the natural and metaphysical work of Aristotle. At the age of nineteen years, Saint Thomas secretly joined the Dominican monks, who were enlisting young scholars at the time. In 1244, young Saint Thomas was ordained and a huge crowd of people attended the big ceremonial event. The good news spread everywhere like bush fire and eventually the family of Saint Thomas leant about the event (McInerny and O'Callaghan). They were very annoyed and thus when they strategized to bring him home despite the family’s state of poverty. They tried all possible means of retrieving their son from the clutches of the Dominicans and even went further to consulting the pope to no avail. As the family was inventing other strategies to kidnap him, Saint Thomas left for Rome at a very short notice and the family was shocked. However, despite his relocation to Rome, his brothers who were in the imperial army captured him. His brothers took hi m to a family castle and imprisoned him for almost two years. The family of Saint Thomas then grasped the chance to discourage and dissuade him from resuming to the Dominican institution. His brother even went ahead and brought him a prostitute into the prison so as to tempt him, but Saint Thomas drove her away holding on in his faith. While still in prison Saint Thomas did not stop studying and learning in his own. His

You can decide the topic whatever you want by those requirements I Essay

You can decide the topic whatever you want by those requirements I pasted - Essay Example Hanna is a police detective who is highly interested in bringing the criminal activities of De Niro and his group to an end. In the quest to complete his mission, Hanna faces several difficulties as well as issues in the family. On the other hand, De Niro if quite successful in his endeavors but admits of the feeling of loneliness. The two individuals are obsessed with their carriers and encounter loneliness in different instances, in the movie. This research introduces the film by reviewing it general storyline. Crime has incorporation in the film. The work of the detective is clearly stated and the hurdles to face in the search for fight crime in Los Angeles. The research tries to bring out the effects of work ethics and the way commitments affect different people in their line of duty. This research reviews the film ‘Heat’ focusing mainly on the elements of filming and they have been put together to bring out best quality views that concur with the film’s theme. The report analyses camera movements and it is of use to compliment other elements in the movie. The sound quality and perfect inclusion in the film have a clear analysis in the research paper’s body. The research also analyses Cinematography as used in the film, ‘Heat’ how the cinematographer was able to present real life experiences of different characters in the film. This has accomplishment by looking into the film’s main theme and how the cinematographer was able t o presents this theme to attract the attention n of public. The research reviews how the producer was able to combine the professionalism of the crew including the actors, writers, cinematographers, directors and the engineering team to produce such quality work. The research paper concludes by giving the setbacks of combining drama and crime in the film eliminating it from thriller category. The conclusion

The life and affect of St.Thomas Aquinas Research Paper

The life and affect of St.Thomas Aquinas - Research Paper Example Some claim that the family acquired the name Aquinas from the small Italian town they lived in. Saint Thomas was an exceptional and extraordinary man, who rose above all human challenges to become what he became. The writings and teachings of Saint Thomas were and will be of great impact to humankind. Though he lacked much appreciation, Thomas came to recognition roughly three hundred years ago, when they realized that he was the greatest and most influential catholic teachers of all time (Anonymous). Saint Thomas was so influential that despite his existence many centuries ago, some of his hand written work exist to date and are available in libraries. As such, this paper will provide a description of the life and affect of St. Thomas Aquinas otherwise referred to as a biography. Early life His father was Landulph Aquinas the count of Aquino and his mother Theodore the countess of teano. The Italian family of Aquino was linked to several royals of Europe like Fredrick II and Henry V I. Despite being related to the royals, the Aquino family was poor and lacked all the glory that royalty brings along. Saint Thomas had eight siblings and the family youngest child, and the sixth son of the Aquino. Saint Thomas was of light complexion, big bodied and impressive physique. Like any other human being, Thomas had a thunderstorm phobia or in other words great fear of thunderstorms. This transpired after Thomas witnessed lightning killing his little sister one night and this experience lived with him forever (Schmitz 12). Thomas had a normal life as a child though it halted when he was taken to Monte Casino when he was only nine years old. Education Saint Thomas Aquino left of the abbey of Monte Casino to enroll in religious education when he was only nine years of age. This was the norm or tradition of those early days. Saint Thomas stayed at the abbey until he was 13 years old, the time he left for Naples University to further his religious education. He excelled tremen dously and it is in the university where he explored both the natural and metaphysical work of Aristotle. At the age of nineteen years, Saint Thomas secretly joined the Dominican monks, who were enlisting young scholars at the time. In 1244, young Saint Thomas was ordained and a huge crowd of people attended the big ceremonial event. The good news spread everywhere like bush fire and eventually the family of Saint Thomas leant about the event (McInerny and O'Callaghan). They were very annoyed and thus when they strategized to bring him home despite the family’s state of poverty. They tried all possible means of retrieving their son from the clutches of the Dominicans and even went further to consulting the pope to no avail. As the family was inventing other strategies to kidnap him, Saint Thomas left for Rome at a very short notice and the family was shocked. However, despite his relocation to Rome, his brothers who were in the imperial army captured him. His brothers took hi m to a family castle and imprisoned him for almost two years. The family of Saint Thomas then grasped the chance to discourage and dissuade him from resuming to the Dominican institution. His brother even went ahead and brought him a prostitute into the prison so as to tempt him, but Saint Thomas drove her away holding on in his faith. While still in prison Saint Thomas did not stop studying and learning in his own. His

Direct and Interactive Marketing Essay Example | Topics and Well Written Essays - 2500 words

Direct and Interactive Marketing - Essay Example The following is a discussion of strategic approaches in relation to the strengths and opportunities that the management seeks to accrue from the business environment. The details further establish the salient use of the variables in rebuilding the supermarkets’ strategic framework. Analyses for Morrisons’ supermarkets Situation analysis in Morrisons Morrisons has competently claimed its position in the U.Ks retail market through the lead in the delivery of quality food and groceries. The supermarket chain has grown tremendously after merging with Safeways Company. Morrisons invested in a total of 32 million pounds for online marketing to ensure prompt approaches to the clientele groups. This investment approach targeted to acquire the stipulated clientele given that the consumer groups were deviating from point-of-sale purchases to placing orders and expecting home deliveries (Vickers, 2013:3). The threat of competition is overwhelming in the UK’s retail market, factors articulated to Morrisons dwindling rate of profitability despite the struggle to retaliate accordingly by offering the best retail services in the UK market ahead of their fellow competitors. In 2011, the month of November, the company’s management evaluated that profitability rates were dwindling along various quarters, and their market leadership was falling under a continued rate of threat. The current forecasts implement that Morrisons’ supermarkets have competitively engaged in a recovery program to recuperate and yield profitability (British grocery market, 2012:4). The company shall possibly achieve the desired market edge through the expected success of the M-Local initiative. Direct marketing in determining market size and trends The strengths and weaknesses, opportunities and threats determine the rate of profitability in the market segments. Through the analytical approach, Morrisons’ management must determine of the approaches that seem most appropriate to reaching the desired market share. As the company currently holds 10% of the total market share, perceptions are that the management may ensure precise research and development study to ensure that all factors of the product mix favor the outlined specifications of prompt delivery of value and satisfaction at a profitable rate to the clientele community of the UK. As Morrisons competes with Tesco, Marks and Spencer, Asda, Sainbury, and Waitrose among others (Vickers, 2013:4). Morrisons held a worrying 10% market share as at November 2012 and situation reflected to the company’s diversification of investments through big stalls and shopping centers while competitors gradually adjusted to direct marketing approaches. The retail stores accrued importance through the purchase of online channels of communication (Dahle?n, and Lange, 2008:144). As rival competitors such as Tesco and Asda lose their market share -43% and due to the discovery that the beef sold in the market contained horsemeat up to 50%, the companies lost accordingly while Morrisons acquired over 20 small-sized stalls. SWOT analysis As the company evaluates of the probabilities of success to prosper and compete with others effectively, the management realized that the reinvestment rate of Asda and Tesco posed considerable threats to competition and success. The competing firms remained threatened by the rate of

Government Expenditure Causes the Revenue Generation by Government Taxation

Government Expenditure Causes the Revenue Generation by Government Taxation INTRODUCTION 1.1 Overview The relationship between government revenue and expenditure is a very important topic and has been an essential issue for many economists and policy makers as it represents budget deficit, government expenditure Plans and taxation structure of a country. Since the main objective of every government is to improve economic growth with low debt levels, better education system, development of infrastructure and job opportunities better fiscal policy is needed to achieve these goals. From a short term perspective fiscal policy is said to be expansionary when government expenditures exceeds the total revenue and the resulting deficit is then financed by the government, However if these expenditures contributes in economic growth then there is a long term relationship exist between government expenditure and economic growth. In addition different studies indicate that the determination of Economic growth is depended on tax levels. Whereas many believe that the most significant factor that c ontributes in economic growth is tax level as the collection for development purposes of most developed and developing countries depend on tax revenue. 1.2 Research Problem In Pakistan the level of budget deficits have consistently increasing from 2005 which is then financed by the government through external and domestic borrowing resulting in a higher debt levels due to high interest cost associated with it and leads to more future tax expectations. Thus the financing by the government for the compensation of deficit is an important variable, several studies have put light on the outcome of fiscal deficit but very few have tried to find the reasons and causes of these deficits which is why the nexus between government revenue and expenditure is still an unsolved issue. Therefore the main purpose of this research is to study the causal relationship between government revenue and expenditure. 1.3 Hypotheses : Tax Revenue causes Government Expenditure. : Government Expenditure causes Tax Revenue. : Tax Revenue and Government Expenditure Bilaterally cause to each other. 1.4 Outline of the Study The research studies the causal relationship between government expenditure and tax revenue to see the reasons for the consistent budget deficits in Pakistan from many years. In addition time series analyses have been done to forecast the trend of government expenditure and revenue based on the leading variable. CHAPTER 2: LITERATURE REVIEW Loganathan, Nanthakumar, Taha, and Roshaiza. (2007) have found a stable relationship between spending and revenue. Furthermore there is a long-term impact exist expenditures that enter as input into the production function and those that enter as inputs in investment technologies. Koch, Schoeman and Tonder (2005) found that there is an association between burden of taxes and economic growth according to the findings based on the data of 1960-2002 if tax burden decreases economic growth increases significantly. Friedman (1982) explains expenditure of the government depends on total revenue because as taxes increases expenditure increases by which deficit remains at the same level, he believes that the level of fiscal deficit cannot be reduced by increasing taxes. Buchanan and Wagner (1977) on the other hand have presented an alternative hypothesis that increase in taxes does not lead towards low expenditures because taxes creates higher price of goods for the public due to high interest cost associated with it Buchanan and Wagner suggest that in order to restore deficit government should limit its financing ability. Sobhee and Sanjeev (2004) tested the causality from tax to expenditure and from expenditure to taxes by using the data of public finance and founded that in a small economy government first accommodate the necessary funds then use them for public expenditure, therefore to avoid the situation of fiscal deficit the government must carefully monitor and control its spending programs. Fasano and Wang (2002) in a research on GCC countries founded that the primary Source of revenue is oil and due to the economic fluctuations medium-term expenditure strategy should be adopted according to which expenditure should not exceed the non-oil revenue so that in recessions to compensate expenditures oil revenues can be injected by short-term accommodations. Second hypothesis where causality runs from expenditure to revenue the government first spend and then to accommodate the required level of expenditure adjusts tax policy. Peacock and Wiseman (1979) Argues that due to economic crises government expenditure increases and they also remain at the same level when the crises is over. In their view government expenditure in driven by strong economic crises which is able to change public perception about the size of the government. Gounder, Narayan, Prasad (2007) find compatibility with the second hypothesis that the increase in taxes for the accommodation of government spending affects on the capital investment by investors due to the fear of paying higher taxes in future. The third hypothesis is fiscal synchronization according to which expenditure and revenue decisions are independent and bilaterally cause to each other. Reflecting the traditional theories for the demand for public goods. Meltzer and Richard (1981), according to him the demand of public expenditures and taxes need to compensate these expenditures are compared with many alternative spending programs for cost benefit analysis, therefore the practical implication of this hypothesis is bidirectional causality. Narayan and Narayan (2006) suggest three reasons regarding the importance of nexus between government revenue and expenditure first if proper implementation on policies is taken into consideration regarding government revenue fiscal deficit can be avoided, second if causality runs from expenditure to revenue outflow increases due to the fear that government will spend first and pay for it later by increasing taxes. Third in case of bidirectional causality expenditure can rise faster than revenue which can create huge budget deficits because revenue and expenditure decisions are independent of each other. Baharumshah and Lau (2007) Find two sets of different results where the fiscal policy of Korea, Singapore and Thailand is driven by expenditures where the government finances revenue for the planned expenditures according to the limit of the balanced budget which facilitate the long term sustainable budget position. However the taxation system should be implemented by taking care of the overall smooth fiscal policy. Whereas in case of Malaysia and Philippines expenditures and revenues are independent of each other and the level of government expenditures and revenues is determined through fiscal policy based on marginal cost and revenue. Furthermore the findings indicate that in order to achieve long-term economic growth fiscal consolidation is necessary to reduce deficits and debt levels which lead a country to fulfill expenditure priorities better and provide funds to more productive sectors. Griffin and McKinley (1992) believes that the expenditure policies of the government should be directed towards long-term future growth and for the well being of the people, Therefore activities that contribute more on socio economic development should be increased instead of using resources and funds to military defense projects. King and Rebelo (1990) taxation has a very important role in the long run growth process of a country where growth is not affected by indirect taxation, however direct taxation is harmful for growth. Roshaiza, Taha, Nanthakumar and Loganathan (2008) found in an analysis of Malaysia that the major part of taxes is direct taxes and reducing direct and indirect taxes will lead to reduce in government expenditures, In addition non-tax revenue does not contribute much in economys growth. Hondroyiannis and Papapetrou (1996) find unidirectional causality running from government expenditure to revenues in Greece where the reason of fiscal deficit from a long period of time was government spending decisions. The government spending to GDP is very high in Greece which results an operating inefficiency for the economy. Furthermore the results indicated that reducing fiscal deficit without reducing the government expenditure will leads to failure. Ahiakpor and Amirkhalkhali (1989) Based on the analysis of Canada found that to show the relevant results of fiscal policy government increase taxes which is a temporary and incomplete act in order to fully take control over fiscal deficit the government must reduce or limit its expenditures instead of finding ways to increase tax revenue burden on public. Baghestani and McNown (2004) in a study of Egypt and Jordan claim that to promote domestic savings and private investment it is necessary to eliminate budget deficit for both the counties. Baghestani supported the causality from tax revenue to expenditure in case of Egypt and bi-lateral causality in case Jordan. Furthermore promoted the process of privatization because it facilitate high domestic saving and investment and at the same time helps to reduce fiscal deficit. Neyapti (2008) studied the influence of fiscal decentralization on government revenue and expenditure and indicated that decentralization improves quality of governance which leads to decrease in budget deficit and stable economic condition. However the efficiency of fiscal decentralization increases in case of large population. Keho (2010) Study the data fo 1660 to 2005 to analyses the causal relationship between government expenditure and tax revenue to see which expenditure and revenue items plays a part in the reduction of budget deficit and found that GDP has significant effect on government expenditure. Furthermore the findings of granger causality test indicate unidirectional causality from government revenue to expenditure based on the findings Keho et al. concluded that the implementation for the elimination of fiscal deficit should not me made by just increasing revenues. Thus without spending cuts the results will not be beneficial. In other words tax system should be made with proper spending control system. Brennan and Buchanan (1980) suggest that in order to reduce fiscal deficit constitutional limits should be imposed on post-constitutional governments, so that revenue collection by latter governments can be reduced otherwise the level of goods demand by public to be financed will be minimum whereas revenue collection will be higher. Baffes and Anwar (1990) conducted the research for the countries Argentina, Brazil, Chile, Mexico, and Pakistan to determine the behavior of government towards revenue and expenditures for the alignment of fiscal deficit. The results found to be positive for Mexico, Brazil and Pakistan while the similar findings havent been found for Argentina and Chile. For Brazil, Mexico and Pakistan causality runs in both ways in other words bidirectional causality where decisions for the government spending and revenue are taken simultaneously. However in case of Argentina and Chile causality runs from expenditure to revenue. The results indicates that to control budget deficit the government should increase revenue collection and restrain expenditure whereas public expenditures should be reduced in Argentina and Chile. Stoian (2008) founded in case of Romania by applying Johansen cointegration and Error Correction model that the long run relationship between government revenue and expenditure do not affect major fiscal imbalances. CHAPTER 3: RESEARCH METHODS 3.1 Method of Data Collection Data of the two variables Government Expenditure and Total Revenue is taken from secondary sources with the help of multiple sources which includes (Ministry of Finance), (State bank of Pakistan) and (Hand book of Statistics on Pakistan Economy). 3.2 Sample Size Sample of 31 observations have been used by using the data of public finance from the year 1979-2010. Where the variable (Total Tax Revenue) has been created by adding indirect-tax, direct-tax, Non-tax revenue and surcharges and (Total Expenditure) has been calculated by adding Development and Non-Development Expenditures. 3.3 Research Model Granger model is used to study the causality where TR is the total revenue and TE is total government expenditure. The above two equation represents the hypothesis where the causality running from total expenditure to revenue in equation one and from revenue to expenditure in equation two. Therefore incase of rejection of any hypothesis we conclude unidirectional causality between government expenditure to revenue. However, if both the hypothesis is rejected we concluded bidirectional causality in other words fiscal synchronization exists between government revenue and expenditure. 3.4 Statistical Technique In this research granger causality test by granger (1969) has been applied to study the causal relationship by comparing one time series with another (Government Expenditure with Government revenue) where one variable becomes the cause of the other variable to predict it significantly. In addition cross-correlation has been applied to assess the correlation between both time series variables. CHAPTER 4: RESULTS 4.1 Findings and Interpretation of the results Table 4.1 Pairwise Granger Causality Tests Date: 01/27/11 Time: 17:32 Sample: 1 32 Lags: 2   Null Hypothesis: Obs F-Statistic Prob.     TOTAL_EX does not Granger Cause TOTAL_RE   30   0.84135 0.4430   TOTAL_RE does not Granger Cause TOTAL_EX   14.2132 8.E-05 With the help of the summary given in the table above we find that there is a unidirectional causality exist between total government expenditure and total revenue, as the value of F-Statistic is 3.5 we will reject the null hypothesis (TOTAL_RE does not Granger Cause TOTAL_EX). Table 4.1.2 Cross Correlations Series Pair:Total_Revenue with Total_Expenditure Lag Cross Correlation Std. Errora -16 -.177 .250 -15 -.143 .243 -14 -.099 .236 -13 -.056 .229 -12 -.010 .224 -11 .044 .218 -10 .097 .213 -9 .137 .209 -8 .210 .204 -7 .255 .200 -6 .299 .196 -5 .353 .192 -4 .427 .189 -3 .513 .186 -2 .663 .183 -1 .796 .180 0 .994 .177 1 .810 .180 2 .662 .183 3 .544 .186 4 .431 .189 5 .344 .192 6 .271 .196 7 .208 .200 8 .148 .204 9 .094 .209 10 .053 .213 11 .005 .218 12 -.036 .224 13 -.078 .229 14 -.114 .236 15 -.153 .243 16 -.188 .250 a. Based on the assumption that the series are not cross correlated and that one of the series is white noise. Figure 4.1.1 The results of cross-correlation indicates total revenue as a leading time series variabler with a strong correlation of .994 with government expenditures at lag 0, furthermore correlation a possitive correlation has been found from lag 1 to lag 11, However the correlation is dexreasing and from 12 to 16 lags correlation in negative predicting that with the increase in total revenue, total government expenditure will decrease in furture. CHAPTER 5: DISCUSSIONS, CONCLUSION, IMPLICATIONS AND FUTURE RESEARCH 5.1 Conclusion In this paper we have studied the causal link between total government expenditure and total revenue in Pakistan using granger causality test and the supportive cross correlation from 1979-2010. Our result from granger causality supports the hypothesis that tax revenue causes government expenditure in Pakistan. In addition cross correlation results have indicated long-term results that with the increase in revenue expenditures will increase. Therefore the major conclusion drawn from this research is that in order to eliminate the problem of fiscal deficit and sustainable economic growth government should focus on the policies which facilitate increasing revenue. 5.2 Discussion Various studies have analyzed the causal relationship between government expenditure and revenue. Some supported with unidirectional causality occurring from revenue to spending and from expenditure to revenue whereas some have indicated the result of bidirectional causality. However, both the variables have significant impact on budget deficit and economic growth. Fiscal deficit in Pakistan is a major issue as the findings of cross correlation indicates that the revenue and expenditures are correlated which means that as revenue increase expenditure increases and deficit remains at the same level and to compensate this deficit government increases its debt financing from domestic and foreign sources which leads towards inflation and high interest rates. 5.3 Implications and Recommendations The model and analysis of this study is very useful for economists and policy makers as it helps in enhancing revenue by tax reform programs. In addition for the determination of optimal spending expenditure reform assessment can be done through cost and benefit analysis which will help in setting objectives for tax collections and better utilization of taxes. 5.4 Future Research Future research possibilities could be as follows first variables like national income and debt financing could be included in the research. Second data sets of multiple countries would be interesting to analyze the causal relationship using the same model in comparison with this research. REFERENCES Ahiakpor, J.C.W., Amirkhalkhali S. (1989). On the Difficulty of Eliminating Deficits with Higher Taxes: Some Canadian Evidence. Southern Economic Journal, 56, pp. 24-31. Buchanan, J. M., Wagner, R. E. (1977). Democracy in Deficit, New York: Academic Press. Baharumshah, A. Z., Lau, E. (2007). Regime Changes And The Sustainability Of Fiscal Imbalance In East Asian Countries. Elsevier, 24 (6), pp. 878-894 Baghestani H., McNown R. (1994). Do Revenues or Expenditures Respond to Budgetary Disequilibria?. Southern Economic Journal, 61, pp. 311-322. Brennan, G., Buchanan, J. (1980). The Power to Tax: Analytical Foundations of the Fiscal Constitution. Cambridge University Press, Cambridge, Massachusetts. Baffes, J., Shah, A. (1990). Taxing choices in deficit reduction. Policy Research Working Paper Series 556, The World Bank. Friedman, M. (1982). Personal interview, The Washington Times, June, p. 2 Fasano, U., Wang, Q. (2002). Testing the Relationship between Government Spending and Revenue: Evidence from GCC Countries. IMF Working Papers 02/201. (Washington: International Monetary Fund) Gounder, N., Narayan, P. K., Prasad, A. (2007). An empirical investigation of the relationship between government revenue and expenditure: The case of the Fiji Islands. International Journal of Social Economics. 34, pp. 147-158. Griffin, K., McKinley, T. (1992). Towards a Human Development Strategy. Occasional Paper 6, December. Hondroyiannis, G., Papapetrou, E. (1996). An Examination of the Causal Relationship between Government Spending and Revenue: A Cointegration analysis. Public Choice, 89 pp. 363-374. Koch, S. F., Schoeman, N. J., Tonder, J. J. V. (2005). ECONOMIC GROWTH AND THE STRUCTURE OF TAXES IN SOUTH AFRICA: 1960-2002. South African Journal of Economics, 73, 190-210. King, R. G., Rebelo, S. (1990). Public Policy and Economic Growth: Developing Neoclassical Implications. Journal of Political Economy, 98, pp. 126-150. Keho, Y., (2010). Budget balance through revenue or spending adjustments? An econometric analysis of the Ivorian budgetary process, 1960 2005. Journal of Economics and International Finance, 2(1), pp.001-011. Loganathan, Nanthakumar, Taha, Roshaiza. (2007). Have Taxes Led Government Expenditure in Malaysia? Journal of International Management Studies. Meltzer, A.H, Richard, S. F. (1981). A rational theory of the size of the government. Journal of Political Economy, 89, pp. 914-927. Narayan, P.K., Narayan, S. (2006). Government revenue and government expenditure nexus: evidence from developing countries. Applied Economics, 38, pp. 285-291. Neyapti, B., (2010). Fiscal decentralization and deficits: International evidence. European Journal of Political Economy, 26(2), pp. 155-166. Peacock, S.M., Wiseman, J. (1979). Approaches to the Analysis of Government Expenditures Growth. Public Finance Quarterly, 7, pp. 3-23. Roshaiza, Taha, Nanthakumar, Loganathan, (2008). Causality between tax revenue and government spending in Malaysia. The International Journal of Business and Finance, 2 pp. 63-73. SOBHEE, Sanjeev K. (2004). The causality between tax and spend of the public sector in maturities: A VECM approach. International Journal of Applied Econometrics and Quantitative Studies, 1-3, pp.115-130 Stoian, A., (2008). Analyzing Causality between Romanias Public Budget Expenditures and Revenues. Theoretical and Applied Economics. 11, No.528.