The Financial System of Bangladesh

Overview of Financial system of Bangladesh The financial system of Bangladesh is comprised of three broad fragmented sectors: 1. Formal Sector, 2. Semi-Formal Sector, 3. Informal Sector. The sectors have been categorized in accordance with their degree of regulation. The formal sector includes all regulated institutions like Banks, Non-Bank Financial Institutions (FIs), Insurance Companies, Capital Market Intermediaries like Brokerage Houses, Merchant Banks etc. ; Micro Finance Institutions (MFIs).The semi formal sector includes those institutions which are regulated otherwise but do not fall under the jurisdiction of Central Bank, Insurance Authority, Securities and Exchange Commission or any other enacted financial regulator. This sector is mainly represented by Specialized Financial Institutions like House Building Finance Corporation (HBFC), Palli Karma Sahayak Foundation (PKSF), Samabay Bank, Grameen Bank etc. , Non Governmental Organizations (NGOs and discrete government progra ms. About financial MarketThe financial market in Bangladesh is mainly of following types: 1. Money Market: The primary money market is comprised of banks, FIs and primary dealers as intermediaries and savings & lending instruments, treasury bills as instruments. There are currently 15 primary dealers (12 banks and 3 FIs) in Bangladesh. The only active secondary market is overnight call money market which is participated by the scheduled banks and FIs. The money market in Bangladesh is regulated by Bangladesh Bank (BB), the Central Bank of Bangladesh. . Capital market: The primary segment of capital market is operated through private and public offering of equity and bond instruments. The secondary segment of capital market is institutionalized by two (02) stock exchanges-Dhaka Stock Exchange and Chittagong Stock Exchange. The instruments in these exchanges are equity securities (shares), debentures, corporate bonds and treasury bonds. The capital market in Bangladesh is governed by Securities and Commission (SEC). 3.Foreign Exchange Market: Towards liberalization of foreign exchange transactions, a number of measures were adopted since 1990s. Bangladeshi currency, the taka, was declared convertible on current account transactions (as on 24 March 1994), in terms of Article VIII of IMF Article of Agreement (1994). As Taka is not convertible in capital account, resident owned capital is not freely transferable abroad. Repatriation of profits or disinvestment proceeds on non-resident FDI and portfolio investment inflows are permitted freely.Direct investments of non-residents in the industrial sector and portfolio investments of non-residents through stock exchanges are repatriable abroad, as also are capital gains and profits/dividends thereon. Investment abroad of resident-owned capital is subject to prior Bangladesh Bank approval, which is allowed only sparingly. Bangladesh adopted Floating Exchange Rate regime since 31 May 2003. Under the regime, BB does not interfere in the determination of exchange rate, but operates the monetary policy prudently for minimizing extreme swings in exchange rate to avoid adverse repercussion on the domestic economy.The exchange rate is being determined in the market on the basis of market demand and supply forces of the respective currencies. In the forex market banks are free to buy and sale foreign currency in the spot and also in the forward markets. However, to avoid any unusual volatility in the exchange rate, Bangladesh Bank, the regulator of foreign exchange market remains vigilant over the developments in the foreign exchange market and intervenes by buying and selling foreign currencies whenever it deems necessary to maintain stability in the foreign exchange market.Regulators of the Financial System Central Bank Bangladesh Bank acts as the Central Bank of Bangladesh which was established on December 16, 1972 through the enactment of Bangladesh Bank Order 1972- President’s Order No. 127 o f 1972 (Amended in 2003). The general superintendence and direction of the affairs and business of BB have been entrusted to a 9 members' Board of Directors which is headed by the Governor who is the Chief Executive Officer of this institution as well. BB has 40 departments and 9 branch offices.In Strategic Plan (2010-2014), the vision of BB has been stated as, â€Å"To develop continually as a forward looking central bank with competent and committed professionals of high ethical standards, conducting monetary management and financial sector supervision to maintain price stability and financial system robustness, supporting rapid broad based inclusive economic growth, employment generation and poverty eradication in Bangladesh†. The main functions of BB are (Section 7A of BB Order, 1972) – 1. to formulate and implement monetary policy; 2. o formulate and implement intervention policies in the foreign exchange market; 3. to give advice to the Government on the interact ion of monetary policy with fiscal and exchange rate policy, on the impact of various policy measures on the economy and to propose legislative measures it considers necessary or appropriate to attain its objectives and perform its functions; 4. to hold and manage the official foreign reserves of Bangladesh; 5. to promote, regulate and ensure a secure and efficient payment system, including the issue of bank notes; 6. o regulate and supervise banking companies and financial institutions. Core Policies of Central Bank Monetary policy The main objectives of monetary policy of Bangladesh Bank are: †¢Price stability both internal & external †¢Sustainable growth & development †¢High employment †¢Economic and efficient use of resources †¢Stability of financial & payment system Bangladesh Bank declares the monetary policy by issuing Monetary Policy Statement (MPS) twice (January and July) in a year.The tools and instruments for implementation of monetary policy in Bangladesh are Bank Rate, Open Market Operations (OMO), Repurchase agreements (Repo) & Reverse Repo, Statutory Reserve Requirements (SLR & CRR). Reserve Management Strategy Bangladesh Bank maintains the foreign exchange reserve of the country in different currencies to minimize the risk emerging from widespread fluctuation in exchange rate of major currencies and very irregular movement in interest rates in the global money market.BB has established Nostro account arrangements with different Central Banks. Funds accumulated in these accounts are invested in Treasury bills, repos and other government papers in the respective currencies. It also makes investment in the form of short term deposits with different high rated and reputed commercial banks and purchase of high rated sovereign/supranational/corporate bonds. A separate department of BB performs the operational functions regarding investment which is guided by investment policy set by the BB's Investment Committee headed by a Deputy Governor.The underlying principle of the investment policy is to ensure the optimum return on investment with minimum market risk. Interest Rate Policy Under the Financial sector reform program, a flexible interest policy was formulated. According to that, banks are free to charge/fix their deposit (Bank /Financial Institutes) and Lending (Bank /Financial Institutes) rates other than Export Credit. At present, except Pre-shipment export credit and agricultural lending, there is no interest rate cap on lending for banks.Yet, banks can differentiate interest rate up to 3% considering comparative risk elements involved among borrowers in same lending category. With progressive deregulation of interest rates, banks have been advised to announce the mid-rate of the limit (if any) for different sectors and the banks may change interest 1. 5% more or less than the announced mid-rate on the basis of the comparative credit risk. Banks upload their deposit and lending interest rate in their respective website. Capital Adequacy for Banks and FIsWith a view to strengthening the capital base of banks & FIs, Basel-II Accord has been introduced in both of these sectors. For banks, full implementation of Basel-II was started in January 01, 2010 (Guidelines on Risk Based Capital Adequacy for banks). Now, scheduled banks in Bangladesh are required to maintain Tk. 4 billion or 10% of Total Risk Weighted Assets as capital, whichever is higher. For FIs, full implementation of Basel-II has been started in January 01, 2012 (Prudential Guidelines on Capital Adequacy and Market Discipline (CAMD) for Financial Institutions).Now, FIs in Bangladesh are required to maintain Tk. 1 billion or 10% of Total Risk Weighted Assets as capital, whichever is higher. Deposit Insurance The deposit insurance scheme (DIS) was introduced in Bangladesh in August 1984 to act as a safety net for the depositors. All the scheduled banks Bangladesh are the member of this scheme Bank Deposit Insurance A ct 2000. The purpose of DIS is to help to increase market discipline, reduce moral hazard in the financial sector and provide safety nets at the minimum cost to the public in the event of bank failure.A Deposit Insurance Trust Fund (DITF) has also been created for providing limited protection (not exceeding Taka 0. 01 million) to a small depositor in case of winding up of any bank. The Board of Directors of BB is the Trustee Board for the DITF. BB has adopted a system of risk based deposit insurance premium rates applicable for all scheduled banks effective from January – June 2007. According to new instruction regarding premium rates, problem banks are required to pay 0. 09 percent and private banks other than the problem banks and state owned commercial banks are required to pay 0. 7 percent where the percent coverage of the deposits is taka one hundred thousand per depositor per bank. With this end in view, BB has already advised the banks for bringing DIS into the notice of the public through displaying the same in their display board. Insurance Authority Insurance Development and Regulatory Authority (IDRA) was instituted on January 26, 2011 as the regulator of insurance industry being empowered by Insurance Development and Regulatory Act, 2010 by replacing its predecessor, Chief Controller of Insurance.This institution is operated under Ministry of Finance and a 4 member executive body headed by Chairman is responsible for its general supervision and direction of business. IDRA has been established to make the insurance industry as the premier financial service provider in the country by structuring on an efficient corporate environment, by securing embryonic aspiration of society and by penetrating deep into all segments for high economic growth.The mission of IDRA is to protect the interest of the policy holders and other stakeholders under insurance policy, supervise and regulate the insurance industry effectively, ensure orderly and systematic growth of the insurance industry and for matters connected therewith or incidental thereto. Regulator of Capital Market Intermediaries Securities and Exchange Commission (SEC) performs the functions to regulate the capital market intermediaries and issuance of capital and financial instruments by public limited companies.It was established on June 8, 1993 under the Securities and Exchange Commission Act, 1993. A 5 member commission headed by a Chairman has the overall responsibility to administer securities legislation and the Commission is attached to the Ministry of Finance. The mission of SEC is to protect the interests of securities investors, to develop and maintain fair, transparent and efficient securities markets and to ensure proper issuance of securities and compliance with securities laws. The main functions of SEC are: †¢Regulating the business of the Stock Exchanges or any other securities market. Registering and regulating the business of stock-brokers, sub-broke rs, share transfer agents, merchant bankers and managers of issues, trustee of trust deeds, registrar of an issue, underwriters, portfolio managers, investment advisers and other intermediaries in the securities market. †¢Registering, monitoring and regulating of collective investment scheme including all forms of mutual funds. †¢Monitoring and regulating all authorized self regulatory organizations in the securities market. †¢Prohibiting fraudulent and unfair trade practices in any securities market. Promoting investors’ education and providing training for intermediaries of the securities market. †¢Prohibiting insider trading in securities. †¢Regulating the substantial acquisition of shares and take-over of companies. †¢Undertaking investigation and inspection, inquiries and audit of any issuer or dealer of securities, the Stock Exchanges and intermediaries and any self regulatory organization in the securities market. †¢Conducting researc h and publishing information. Regulator of Micro Finance InstitutionsTo bring Non-government Microfinance Institutions (NGO-MFIs) under a regulatory framework, the Government of Bangladesh enacted â€Å"Microcredit Regulatory Authority Act, 2006’† (Act no. 32 of 2006) which came into effect from August 27, 2006. Under this Act, the Government established Microcredit Regulatory Authority (MRA) with a view to ensuring transparency and accountability of microcredit activities of the NGO-MFIs in the country. The Authority is empowered and responsible to implement the said act and to bring the microcredit sector of the country under a full-fledged regulatory framework.MRA’s mission is to ensure transparency and accountability of microfinance operations of NGO-MFIs as well as foster sustainable growth of this sector. In order to achieve its mission, MRA has set itself the task to attain the following goals: †¢To formulate as well as implement the policies to ensu re good governance and transparent financial systems of MFIs. †¢To conduct in-depth research on critical microfinance issues and provide policy inputs to the government consistent with the national strategy for poverty eradication. To provide training of NGO-MFIs and linking them with the broader financial market to facilitate sustainable resources and efficient management. †¢To assist the government to build up an inclusive financial market for economic development of the country. †¢To identify the priorities in the microfinance sector for policy guidance and dissemination of information to attain the MRA’s social responsibility. According to the Act, the MRA will be responsible for the three primary functions that will need to be carried out, namely: †¢Licensing of MFIs with explicit legal powers; Supervision of MFIs to ensure that they continue to comply with the licensing requirements; and †¢Enforcement of sanctions in the event of any MFI failing to meet the licensing and ongoing supervisory requirements. Banks After the independence, banking industry in Bangladesh started its journey with 6 Nationalized commercialized banks, 2 State owned Specialized banks and 3 Foreign Banks. In the 1980's banking industry achieved significant expansion with the entrance of private banks.Now, banks in Bangladesh are primarily of two types: †¢Scheduled Banks: The banks which get license to operate under Bank Company Act, 1991 (Amended in 2003) are termed as Scheduled Banks. †¢Non-Scheduled Banks: The banks which are established for special and definite objective and operate under the acts that are enacted for meeting up those objectives, are termed as Non-Scheduled Banks. These banks cannot perform all functions of scheduled banks. There are 47 scheduled banks in Bangladesh who operate under full control and supervision f Bangladesh Bank which is empowered to do so through Bangladesh Bank Order, 1972 and Bank Company Act, 1991. S cheduled Banks are classified into following types: †¢State Owned Commercial Banks (SOCBs): There are 4 SOCBs which are fully or majorly owned by the Government of Bangladesh. Nationalized Commercial Bank of Bangladesh: †¢Sonali Bank †¢Agrani Bank †¢Rupali Bank †¢Janata Bank †¢ †¢Specialized Banks (SDBs): 9 specialized banks are now operating which were established for specific objectives like agricultural or industrial development. These banks are also fully or majorly owned by the Government of Bangladesh. . Karmasangsthan Bank 2. Bangladesh Krishi Bank 3. Rajshahi Krishi Unnayan Bank 4. Progoti Co-operative Landmortgage Bank Limited (Progoti BanK) 5. Grameen Bank 6. Bangladesh Development Bank Ltd 7. Bangladesh Somobay Bank Limited(Cooperative Bank) 8. Ansar VDP Unnyan Bank 9. BASIC Bank Limited (Bangladesh Small Industries and Commerce Bank Limited †¢ †¢Private Commercial Banks (PCBs): There are 37 private commercial banks which are m ajorly owned by the private entities. PCBs can be categorized into two groups: 1. United Commercial Bank Limited 2. Mutual Trust Bank Limited 3. BRAC Bank Limited . Eastern Bank Limited 5. Dutch-Bangla Bank Limited 6. Dhaka Bank Limited 7. Islami Bank Bangladesh Ltd 8. Uttara Bank Limited 9. Pubali Bank Limited 10. IFIC Bank Limited 11. National Bank Limited 12. The City Bank Limited 13. NCC Bank Limited 14. Mercantile Bank Limited 15. Prime Bank Limited 16. Southeast Bank Limited 17. Al-Arafah Islami Bank Limited 18. Social Islami Bank Limited 19. Standard Bank Limited 20. One Bank Limited 21. Exim Bank Limited 22. Bangladesh Commerce Bank Limited 23. First Security Islami Bank Limited 24. The Premier Bank Limited 25. Bank Asia Limited 26.Trust Bank Limited 27. Shahjalal Islami Bank Limited 28. Jamuna Bank Limited 29. ICB Islamic Bank 30. AB Bank 31. Social Investment Bank Ltd 32. Union Bank 33. Modhumati Bank 34. The Farmers' Bank 35. Midland Bank 36. Meghna Bank 37. South Bangla Agriculture and Commerce Bank †¢Conventional PCBs: 23 conventional PCBs are now operating in the industry. They perform the banking functions in conventional fashion interest based operations. †¢Islami Shariah based PCBs: There are 7 Islami Shariah based PCBs in Bangladesh and they execute banking activities according to Islami Shariah based principles i. . Profit-Loss Sharing (PLS) mode. . †¢Foreign Commercial Banks (FCBs): 10 FCBs are operating in Bangladesh as the branches of the banks which are incorporated in abroad. 10 foreign commercial banks are operating in Bangladesh. These are – 1. Citibank 2. HSBC 3. Standard Chartered Bank 4. Commercial Bank of Ceylon 5. State Bank of India 6. Habib Bank Limited 7. National Bank of Pakistan 8. Woori Bank 9. Bank Alfalah 10. ICICI Bank There are now 4 non-scheduled banks in Bangladesh which are: †¢Ansar VDP Unnayan Bank, †¢Karmashangosthan Bank, †¢Probashi Kollyan Bank, †¢Jubilee Bank FIsNon Bank Financial Institutions (FIs) are those types of financial institutions which are regulated under Financial Institution Act, 1993 and controlled by Bangladesh Bank. Now, 31 FIs are operating in Bangladesh while the maiden one was established in 1981. Out of the total, 2 is fully government owned, 1 is the subsidiary of a SOCB, 13 were initiated by private domestic initiative and 15 were initiated by joint venture initiative. Major sources of funds of FIs are Term Deposit (at least six months tenure), Credit Facility from Banks and other FIs, Call Money as well as Bond and Securitization.The major difference between banks and FIs are as follows: †¢FIs cannot issue cheques, pay-orders or demand drafts. †¢FIs cannot receive demand deposits, †¢FIs cannot be involved in foreign exchange financing, †¢FIs can conduct their business operations with diversified financing modes like syndicated financing, bridge financing, lease financing, securitization instruments, privat e placement of equity etc. Capital market After the independence, establishment of Dhaka Stock Exchange (formerly East Pakistan Stock Exchange) initiated the pathway of capital market intermediaries in Bangladesh.In 1976, formation of Investment Corporation of Bangladesh opened the door of professional portfolio management in institutional form. In last two decades, capital market witnessed number of institutional and regulatory advancements which has resulted diversified capital market intermediaries. At present, capital market intermediaries are of following types: 1. Stock Exchanges: Apart from Dhaka Stock Exchange, there is another stock exchange in Bangladesh that is Chittagong Stock Exchange established in 1995. 2.Central Depository: The only depository system for the transaction and settlement of financial securities, Central Depository Bangladesh Ltd (CDBL) was formed in 2000 which conducts its operations under Depositories Act 1999, Depositories Regulations 2000, Depository (User) Regulations 2003, and the CDBL by-laws. 3. Stock Dealer/Sock Broker: Under SEC (Stock Dealer, Stock Broker & Authorized Representative) Rules 2000, these entities are licensed and they are bound to be a member of any of the two stock exchanges. At present, DSE and CSE have 238 and 136 members respectively. . Merchant Banker & Portfolio Manager: These institutions are licensed to operate under SEC (Merchant Banker & Portfolio Manager Rules) 1996 and 45 institutions have been licensed by SEC under this rules so far. 5. Asset Management Companies (AMCs): AMCs are authorized to act as issue and portfolio manager of the mutual funds which are issued under SEC (Mutual Fund) Rules 2001. There are 15 AMCs in Bangladesh at present. 6. Credit Rating Companies (CRCs): CRCs in Bangladesh are licensed under Credit Rating Companies Rules, 1996 and now, 5 CRCs have been accredited by SEC. 7.Trustees/Custodians: According to rules, all asset backed securitizations and mutual funds must have an accredited trusty and security custodian. For that purpose, SEC has licensed 9 institutions as Trustees and 9 institutions as custodians. 8. Investment Corporation of Bangladesh (ICB): ICB is a specialized capital market intermediary which was established in 1976 through the ordainment of The Investment Corporation of Bangladesh Ordinance 1976. This ordinance has empowered ICB to perform all types of capital market intermediation that fall under jurisdiction of SEC. ICB has three subsidiaries: 8. 1.ICB Capital Management Ltd. , 8. 2. ICB Asset Management Company Ltd. , 8. 3. ICB Securities Trading Company Ltd. Insurance Insurance sector in Bangladesh emerged after independence with 2 nationalized insurance companies- 1 Life & 1 General; and 1 foreign insurance company. In mid 80s, private sector insurance companies started to enter in the industry and it got expanded. Now days, 62 companies are operating under Insurance Act 2010. Out of them- †¢18 are Life Insurance Compani es including 1 foreign company and 1 is state-owned company, †¢44 General Insurance Companies including 1 state-owned company.Insurance companies in Bangladesh provide following services: 1. Life insurance, 2. General Insurance, 3. Reinsurance, 4. Micro-insurance, 5. Takaful or Islami insurance. Micro Finance Institutions (MFIs) The member-based Microfinance Institutions (MFIs) constitute a rapidly growing segment of the Rural Financial Market (RFM) in Bangladesh. Microcredit programs (MCP) in Bangladesh are implemented by various formal financial institutions (nationalized commercial banks and specialized banks), specialized government organizations and Non-Government Organizations (NGOs).The growth in the MFI sector, in terms of the number of MFI as well as total membership, was phenomenal during the 1990s and continues till today. Despite the fact that more than a thousand of institutions are operating microcredit programs, but only 10 large Microcredit Institutions (MFIs) a nd Grameen Bank represent 87% of total savings of the sector and 81% of total outstanding loan of the sector. Through the financial services of microcredit, the poor people are engaging themselves in various income generating activities and around 30 million poor people are directly benefited from microcredit programs.Credit services of this sector can be categorized into six broad groups: i) general microcredit for small-scale self employment based activities, ii) microenterprise loans, iii) loans for ultra poor, iv) agricultural loans, v) seasonal loans, and vi) loans for disaster management. Currently, 599 institutions (as of October 10 2011) have been licensed by MRA to operate Micro Credit Programs. But, Grameen Bank is out of the jurisdiction of MRA as it is operated under a distinct legislation- Grameen Bank Ordinance, 1983. Recent Developments in Financial Sector of BangladeshAutomation and Technological Development: Banking sector experienced remarkable progress in respect of automation in functioning in last several years. For the pro-active and forward-visioning approach of Bangladesh Bank, numbers of automation initiatives have been implemented in banking sector. These initiatives include: †¢To create a disciplined environment for borrowing, the automated Credit Information Bureau (CIB) service provides credit related information for prospective and existing borrowers. With this improved and efficient system, risk management will be more effective.Banks and financial institutions may furnish credit information to CIB database 24 by 7 around the year; and they can access credit reports from CIB online instantly. †¢L/C Monitoring System has been introduced for preservation and using the all necessary information regarding L/C by the banks through BB website. This system allows the authorized users of banks to upload and download their L/C information. †¢ In terms of article 36(3) of Bangladesh Bank Order, 1972, all scheduled banks are subject to submit Weekly Statement of Position as at the close of business on every Thursday to the Department of Off-site Supervision.This statement now is submitted through on-line using the web upload service of BB website within o3 (three) working days after the reporting date which is much more time and labor efficient that the earlier manual system. †¢The e-Returns service has been introduced which is An Online Portal Service for Scheduled Banks to submit Electronic Returns using predefined template for the purpose of Macro Economy Analysis through related BB Departments. †¢Online Export Monitoring System is used for monitoring export of Bangladesh. Through this service, Banks and AD Branches of Banks issue & reports export report. Bangladesh Automated Clearing House (BACH) started to work by replacing the ancient manual clearing system which allows the inter-bank cheques and similar type instruments to be to settled in instant manner. †¢Electronic Fund Transfer (EFT) has been introduced which facilitates the banks to make bulk payments instantly and using least paper and manpower. †¢The initiation of Mobile Banking has been one of the most noteworthy advancement in banking. Through this system, franchises of banks through mobile operators can provide banking service to even the remotest corner of the country. Almost every commercial bank is now using their own core banking solution which has made banking very faster and efficient. Usage of plastic money has much more increased in daily life transactions. Full or partial online banking is now being practiced by almost every bank. Inauguration of internet trading in both of the bourses (DSE & CSE) in the country is the most significant advancement for capital market in last several years. Micro Finance Institutions submit their reports to the regulator through the Online Report Submission Tools for MFIs. Institutional Development:Through the Central Bank Strengthening Project, there ha ve been a good number of achievements regarding the institutional development in BB which can be observed below: †¢The implementation of Enterprise Resource Planning (ERP) has been a big step in automation of operational structure of BB. †¢The establishment of Enterprise Data Warehouse (under process) will bring the whole banking and FI industry under a single network through which data sharing, reporting and supervision will enter in a new horizon. †¢Bangladesh Bank now possesses the most informative and resourceful website of the country regarding economic and financial information. Internal networking system with required online communication facilities have been developed and in operation for the officers of BB. †¢BB has hosted number of international seminars on different economic and financial issues over last several years. MRA was established in 2006 for bringing NGO-MFIs under supervision. For the pro active role of MRA, this sector (MFI) is now in a goo d shape regarding the accountability and regulation. For abolishing anomaly and fetching discipline in insurance industry, IDRA was established in 2011.In one year, IDRA has taken number of appreciable steps to regularize this industry. After the massive crash of local bourses in 2010-2011, the executive body of SEC was redesigned in full and some good results have come after that. Regulatory Development: Banking and FI industries have experienced diversified regulatory development over last few years: †¢Full implementation of Basel-II (International capital adequacy standard) accord has been in effect in both banking and FI industry. †¢Guidelines on Environmental and Climate Change Risk Management for banks and FIs have been circulated.Policy guidelines on Green Banking also have been issued. †¢Guidelines on Stress Testing for banks and FIs have been issued which is aimed to assess the resilience of banks and FIs under different adverse situations. †¢Number of P olicy initiatives for Financial Inclusion has been undertaken. †¢Banks have been asked to build up separate Risk Management Unit for comprehensive and intensive risk management. †¢Banks have been instructed to create separate subsidiary for capital market operations and capital market operations of banks are now minutely monitored. Supervision has been intensified to increase the participation of banks in Corporate Social Responsibility (CSR). †¢For the efficient and timely action of BB, foreign exchange reserve of Bangladesh did not face any adversity during global financial turmoil of 2007-09. †¢To meet international standard on Anti Money Laundering (AML)/Combating Financing of Terrorism (CFT) issues, guidelines for Money Changers, Insurance Companies and Postal Remittance have already been circulated. SEC has updated Public Issue Rules, 2006 and Mutual Fund Rules, 2001.Apart from that, numbers of AMCs, merchant banks and are Mutual Funds are permitted by SEC which has increased the participation of institutional investors. The trend of capital market research has been upward which indicates the potential of analytical investment decision. Insurance Act 2010 was formulated to meet demand of concurrent time for shifting the insurance industry in a better shape. Apart from that, several initiatives have been undertaken by IDRA for prohibiting the malpractices in the industry regarding insurance commission, agent, premium etc and corporate governance issues.Banks As on June 2011 Deposits AdvancesTotal Capital*No. of Branches 4115855. 50 Million3212848. 70 Million461697. 00 Million7772 FIs As on December 2010 Deposits Loans and leasesAssetsShare Capital & ReserveNo. of Branches 94374. 80 Million321284. 87 Million251527. 34 Million44689. 29 Million115 Insurance As on December 2009 AssetShare CapitalReserve Life Insurance118020. 15 Million1245. 54 Million106098. 88 Million Non-Life Insurance42622. 90 Million6653. 83 Million12133. 30 Million Ca pital MarketMarket Capitalization of Dhaka Stock Exchange As on September 2011 All Listed Securities2,782,901Million All Listed Companies Shares2,202,274 Million All Listed Mutual Funds35,733 Million All Debentures576 Million All Listed Govt. T-Bonds537,381 Million All Listed Corporate Bonds6,937 Million MFIs As on June 2009 Total Outstanding Number of ClientsNumber of BorrowersNo. of Branches 1,21,881. 85 Million24. 77 Million19. 50Million 18,022 * Sum of Tier-I, Tier-II and Tier-II Capital Components Related article: Padma Bridge

Saving the Rise of Childhood Obesity Kaplan University

Saving the Rise of Childhood Obesity Kristy Zamora Kaplan University College Composition II 02/12/2013 When people think of physical education in the school system, the first thing that comes to mind is children running and playing. To some, it may be perceived as a mere distraction to school as a whole, and others may think of it as a way for children to burn their energy down. Specifically in Milwaukee Public Schools physical education needs to be more than just a class in school; it needs to be known as a necessity for children and their health.Their health is important because of the need for the advancement in medicine, this epidemic needs to be stopped and the overall future of people. â€Å"Today one in three American kids and teens is overweight or obese; nearly triple the rate in 1963. † (American Heart Association 2012) This is an outstanding statistic that can only be changed starting with the school system and physical education. Kids spend about â€Å"35 hours a week† at school making up most of their day and how time is spent. (MPS 2012) How they spend it in Physical Education class is what matters most in this issue concerning many Milwaukee County citizens.The purpose rather than main point of this is that there is an absolute need for change, not only for children in today’s society but the future as well. It is in the public’s best interest to have this issue changed, not overlooked. To do this, the Milwaukee Public School System needs to heighten its physical education program and give the children what they need most a healthier outlook on life. What really needs to be looked at is the fundamentals of physical education and how it can be a positive influence in children’s lives. It is not about how well the child can play the sport or how athletic one is over another.Let the children know that it is okay to not be the best at something and get the children moving. What is important is the physical activenes s and keeping up a steady heart rate in order to achieve burned calories, and which is what the needs out of physical education. A physical education class only helps if the child is completely active within that whole time frame. Physical education teachers need to be more involved rather than just passing a child for showing up for class. Motivate the students to run and play hard to get them as active as possible.Even if the child isn’t the best at a sport the teachers shouldn’t let that be a cloud judgment on the child. It should be a system that pushes the child into wanting to exercise and have fun while doing it. There should be some training that physical educators take on how to be better with children who aren’t active and classes on how to get children more involved. It is clear that children are not getting enough physical activity â€Å"The real only physical activity some kids go through is in school, if that. † (David Ludwig, MD, PhD webmd 2012) Kids are no longer as active outside or even in extracurricular activities in school. The American Heart Association recommends at least sixty minutes of moderate to vigorous physical activity every day. † (American Heart Association 2012) The evidence of lack of physical activity in our children is pretty simplistic and the thing people may over look when it comes to children being overweight or obese is high risk factor the child is in and the diseases they are at risk for. The diseases that are on the rise in our children today, which can be linked to obesity, include but are not limited to coronary artery disease, increase risk of stroke, high blood pressure, and juvenile diabetes.Statistics on obesity of adolescent’s in Milwaukee is 17. 7 percent, and in the whole state of Wisconsin the percentage is 11. 1. The numbers for children in Wisconsin are 16. 5 percent that are overweight and 14. 4 are obese. These children are at risk to developing serious medical conditions including physiological problems. The main and most commonly known disease is, Juvenile type two diabetes. This is caused from overweight and in-active children.Which can lead to heart disease and co-morbidities; â€Å"Children with type 2 diabetes also are at risk for the long-term complications of diabetes and the co-morbidities associated with insulin resistance (lipid abnormalities and hypertension). † (CDC 2011) Children are supposed to be safe, educated and cared for in schools. The national diabetes education program ensures that every student is made sure to succeed with their diabetes. (NDEP 2012) â€Å"NDEP’s Guide for School Personnel educates and informs school personnel about diabetes, how it is managed, and how each member of the school staff can help meet the eeds of students with the disease. †(NDEP 2012) Every obese and overweight child have a higher chance of getting type two diabetes. These children need to have preventable measures taken, so they don’t develop diabetes. Schools need to focus on health problems the same as any other type of disease or problem the child may have. Psychological problems are also linked with obesity in children. Obese kids are more likely to have social and psychological problems, such as depression, which in turn makes them have poor self-image leading to bullying other kids, and even suicide.Emotional problems in obese kids is one of the most painful things to experience. Getting made fun of in school along with being alienated by other children causes these obese children to live a sedentary lifestyle. Meaning they feel out of place and withdrawn from everything, making their life growing up very hard. These high risk disease and emotional complications attributed to children being overweight and obese should motivate Milwaukee Public School System to change the way physical education is run. If parents would take the chance to speak with one another things could really come together and change will become of this.Changing now is better than never and this change can be kept within the school system, changing the future. Children have a need to live as healthy as possible. Being overweight or obese, can be prevented by helping kids stay active, in turn changing their present and future health. â€Å"Looking at the long-term consequences, overweight adolescents have a 70 percent chance of becoming overweight or obese adults. † (Department Health Human Services 2011) These statistics are outrageous and it can be decreased dramatically if Milwaukee Public Schools heighten its physical education classes.If physical education can change, the result will carry through all of the aspects of a child’s life. Obesity and disease statistics will be brought down as well as health rates going up for children. There has to be a way out of this problematic situation, but everyone has to help. With Wisconsin being one of the top â€Å"Fattest† states, the changes start here with Milwaukee Public School System; with the hopes of helping other school systems around Wisconsin. There is a chance that other schools systems see Milwaukee Public Schools changing and making this effort to change children’s lives, then they will want to do it as well.This will change the high statistics of overweight, obesity, and diseases in juveniles linked to childhood obesity in Wisconsin. The future depends on children and if the population of overweight and obese children stay at the rate they’re going, it will only increase/ These children are the future and physical education needs to be changed in hopes of making their lives better. A difference made now is a difference forever and these new terms of physical education can be passed on for years and years to come. The best way this can be established is within the schools.This solution can change overweight and obesity statistics of children, so they can live a healthier l ife, in turn making our future better in many ways. When people think of Physical Education in the school system the first thing that comes to mind is children running and playing. To some it may be perceived as a mere distraction to school as a whole, and others may think of it as a way for children to burn their energy down. The thing about Physical Education is that it needs to be more than just a class in school; it needs to be known as a necessity for children and their health. Today one in three American kids and teens is overweight or obese; nearly triple the rate in 1963. † (American Heart Association 2012) This is an outstanding statistic that can only be changed starting with the school system and physical education. Kids spend about 35 hours a week at school making up most of their day and how time is spent. How they spend it in Physical Education class is what matters most in this issue concerning many Milwaukee County citizens. The main point of this is that there is an absolute need for change not only for children in today’s society but the future as well.A way that this can be changed and not over looked, is in the public’s best interest, Milwaukee Public School System needs to heighten its physical education program and give the children what they need most out of this, which is a healthier outlook on life. What really needs to be looked at is the fundamentals of physical education and how it can be a positive influence in children’s lives. It is not about how good the child can play the sport or how athletic one is over the other. Let the children know that it is okay to not be the best at something and get the children moving.It is more of the physical activeness and keeping up a steady heart rate in order to achieve calories being burned and the child getting what he or she needs out of physical education. A physical education class would only help if the child is completely active within that whole time frame. Ph ysical education teachers need to be more involved rather than just passing a child for showing up for class. Motivate the students to run and play hard getting them as active as possible. Even if the child isn’t the best at a sport the teachers shouldn’t let that be a cloud judgment on that child.It should be more of a system that pushes the child into wanting to exercise and have fun while doing it. There could be some training that physical educators take in how to be better with children who aren’t active and even classes on how to get children more involved. The evidence of lack of physical activity in our children is pretty simplistic. â€Å"The real only physical activity some kids go through is in school, if that. † (David Ludwig, MD, PhD webmd 2012) The thing people may over look when it comes to children being overweight or obese is the disease and high risk factor the child is in.The diseases that are on the rise in our children today, which ca n be linked to obesity, include but are not limited to coronary artery disease, increase risk of stroke, high blood pressure, and juvenile diabetes. â€Å"Psychological effects also affect children such as depression, low self-esteem and negative body image. † (PubMd 2011) Kids are no longer as active outside or even in extracurricular activities in school. The link with not having physical activity in children’s lives doesn’t only affect their weight but also increases the disease aspect of their lives. The American Heart Association recommends at least sixty minutes of moderate to vigorous physical activity every day. † (American Heart Association 2012) If this problem can be taken care of earlier in the child’s life there would be no need for medication or high risk diets. These diseases and problems having to deal with overweightness and obesity should be a deterrent for Milwaukee Public School System and the way physical education is ran. This should want to make a change and instill this within the school system.Changing now is better than never and this change can be kept within the school system then changing the future. If this can change a lot can and will change. These statistics will be brought down as well as health rates going up for children. There has to be a way out of this rut and everyone as a whole can help. Wisconsin being one of the top â€Å"Fattest† states and growing, the changes can start here with Milwaukee Public School System; with the hopes of helping other school systems around Wisconsin.It can be a domino effect if other schools systems see Milwaukee Public School System changing and making this effort to change children’s lives then others will want to do it as well. This will definitely change the overall statistics of this state. Change can only make the people stand up and want to make a difference in children’s lives, and these children are the future and this needs to be changed in hopes of making life better for them. The future of our kids becoming healthier and developing more physical activeness is something that needs to change.A difference made now is a difference forever and these new terms of Physical Education can be passed on for years and years to come. The best way this can be established is within the schools. Hopefully this problem solver can change these high statistics of kids becoming overweight or obese so they can live a healthy life in turn making our future better in many ways. Office of the Mayor 200 E. Wells Street City Hall Rm. 201 Milwaukee, WI 53202 Mayor Tom Barrett, As a citizen of the state of Wisconsin there is a big concern as far as the numbers in obesity rising among children.Currently in Milwaukee, there can be better efforts in school systems as well as educating the public on the importance of keep their children at a good and healthy weight. By keeping the public more informed on ways ‘How to’, so to speak, keep their children healthy and active we could change these statistics of Wisconsin. In Wisconsin alone, according to the Department of Health and Human Services, 29% of children ages 2 through 4 in the state are overweight or obese. One in four Wisconsin high school students are considered overweight. The obese rates children ages two to four is 13. % and the overweight is 16. 1% SFTA (2012) An idea that should be put in place is the absolute need for children to stay active. We need to change how schools teach physical education. â€Å"The American Heart Association recommends at least sixty minutes of moderate to vigorous physical activity every day. † (American Heart Association 2012) We need to get our future physically active. We can make change for them along with our future generations. I know that budget cuts are put in place especially for school funding but why cut out physical education?It is a necessity for children to stay fit and active because they have a lesser chance of developing life threatening diseases such as heart disease or diabetes. Lastly, what needs to be done is thoroughly educating parents on healthier eating habits, not using the television as a mere â€Å"babysitter†, getting active with their children and cutting back on sugary foods. There are studies that show, children from the ages nine to sixteen, sugar makes up about thirteen percent of their diet, when the factual amount of sugar in a child’s diet should only be about ten percent. American Heart Association; Overweight Children 2012) Also educating them on what high risk diseases come from being overweight. There are many ways to improve our children's eating habits as well as getting more physical activity throughout the day. The only way this change can occur is the willingness of parents, school systems and society. Please take this into consideration and help out our community. Respectfully, Kristy Zamora Reflection Piece What I learn ed about myself as a writer is that my ideas seem great but to actually get them down on paper and stringing them together is a lot harder than it seems.Myself as a thinker is that my ideas are sort of jumpy and sporadic. I try and think of ways to be a better thinker and not just throw a bunch of ideas together. What I learned about the writing process is that it takes more than one draft and even more than one outline. In order to achieve and write a great paper it really does take a lot of practice. It is hard to put ideas together and be clearer of what I’m trying to say in my papers. The skills I attained from College Composition II are writing better in APA format and making an outline for every paper.APA format will help me because I will be attending college for three more years and that is what my papers will have to be in. Outlines I will use the rest of my college career because that is the beginning and start of every paper I will write. What I learned from my pee rs is that everyone is different, in learning styles and techniques to writing papers. What works for one may not work for another. I sort of fused together a couple people’s ideas with writing an outline and getting the paper together and it seems to work for me. My instructor had the most valuable feedback.My classmates didn’t really have much to say about my style of writing and also didn’t have much to say about revising and editing my paper. They gave me feedback on my pamphlet but the only thing they talked about was color in it. Some said keep the colors and some said keep the colors the same. So I had mixed reviews on that part. My instructor had a good way of explaining that my paper needed a lot of work. Not only by editing the grammatical errors, comma splice, sentence fragments and correcting paragraphs that didn’t make sense. I tried my hardest to fix may paper and get the point across of my big idea. References Alliance for a Healthier Gener ation: Combating Childhood Obesity by creating Healthy Schools, empowering youth leaders, healthcare, healthier school food and beverages. † Alliance for a Healthier Generation: Combating Childhood Obesity by creating Healthy Schools, empowering youth leaders, healthcare, healthier school food and beverages. N. p. , n. d. Web. 28 Dec. 2012 Discipline. † Mary Ann Liebert, Inc. publishers. Leading innovation and advancement in science, technology and medicine. † Mary Ann Liebert, Inc. publishers Leading innovation and advancement in science, technology and medicine. N. p. , n. d. Web. 6 Jan. 2013 . â€Å"Childhood Obesity Awareness Month | Healthier Kids†¦ Brighter Futures!. † Childhood Obesity Awareness Month | Healthier Kids†¦ Brighter Futures!. N. p. , n. d. Web. 27 Dec. 2012.

Seismic Response of Reinforced Concrete Frame Buildings with Different Dissertation

Seismic Response of Reinforced Concrete Frame Buildings with Different Ductility Classes Using EC8 and EC2 - Dissertation Example The paper tells that over the years gradually there have been greater advancements in the various concrete structures and measures that can be applied for the construction of buildings. In the present times, thus, the strength theory is significantly considered in building constructions. Load factors have been found to be necessary for the determination of the concrete structures used for the construction purposes. The strength theory focuses on the ultimate strength design that makes use of inelastic strains thus distributing the stress of loads uniformly. The concept of reinforced concrete was first initiated in Japan during the 1950s. However in the initial times, the use of the RC buildings was not considered as significant, a situation that has modified in the present times. Considering natural calamities like the earthquake, it is essential that the constructed buildings are based on such materials that are capable of resisting such calamities. Ductility or robustness of the co ncrete structures plays a significant role in this regard. However obtaining the necessary concrete structures might require the application of advanced technologies that at times may be difficult for developing countries to achieve. Reinforced concrete materials are easily available as well as they are economical in nature. Its characteristic stiffness provides efficient support to the constructed buildings in situations of earthquakes. Damages, to a great extent, can be reduced through such measures. (Dowrick, 2009, p.367). Structural Eurocodes represent the technical rules needed to be followed while selection and construction of buildings. There are a number of such Eurocodes of which Eurocode 2 is associated with the design of the concrete structures and Eurocode 8 is associated with the provisions of design for earthquake resistance of structures (Beckett & Alexandrou, 1997, p.2). These Eurocodes are essential for the determination of the ductility of the concrete structures t hus enabling the buildings to be tolerant to earthquakes, which is a primary concern of the current study. Thus a general overview on the RC constructions reflect that it is necessary to involve such concrete structures in building constructions for the safety and protection of the buildings from earthquakes that also depend on the ductility of the structure. 1.2. Aim & Objectives: The primary aim of the current study is to learn about the seismic response of reinforced concrete frame buildings with different ductility classes using EC8 and EC2, these being the two of several forms of Eurocodes involved in construction of buildings. In order to conduct the above mentioned study, the following objectives have been set such that a detailed analysis and understanding may be achieved. The objectives are: To learn about the behavior of RC structures under a seismic load To conduct a seismic analysis of the RC structures using methods like the Equivalent Static Method, and Response Spectr um Method To enhance the analysis involving case studies on 4-storey- 3-bay RC buildings with different levels of ductility To conduct a design check on the structural elements of the constructed buildings To make some recommendations while concluding after the study and analysis 1.3. Methodology: The study involves a qualitative research based on secondary sources. Qualitative research techniques do not involve any numerical figures for the study but focuses on a detailed understanding of the concerned topic based on experiences and opinions of different individuals (Creswell, 2003, p.18). Secondary sources are referred to the sources that are not novel but are derived from studies conducted earlier by different authors or experimenters (Hamilton, 2005, p.4). The present study has focuses on secondary sour

Innovative ways of recruiting and retaining tenants Research Proposal

Innovative ways of recruiting and retaining tenants - Research Proposal Example Those tenants who are involved in being concerned on a character basis are more expected to have a high-quality association with their landowner, and be pleased with their landowner have preceding knowledge of tenant participation. Landlords and landlord agent over the years have relied on traditional incentives such as rent-free periods, fitting out and premiums to recruit and retain tenants. However, during economic downturns and when there is over supply, in other to protect cash flows , landlords and their agents need to see beyond these traditional incentives   and adopt new practices of recruiting and retaining the very best of tenants. This research study seeks to investigate the innovative ways of recruiting and retaining tenants. The results of this document analysis will be used to enhance the offices being accessible to the tenants. The study findings may also be used by tenant union to support for the rights of tenants. Land lords will use the findings to advance the standards of the offices they offer to tenants. Policy makers will apply the findings of this research to improve the working conditions of the workers. Renting business-related premises is a transnational with a natural propensity for long-term consumer relationships. This notion has a lot to do with the statement that the expenses and risks of rearrangement are always important and thus businesses desire to continue in solitary place for as extensive as they can seen in Rasila and Nenonen, 2007 as cited in((Rianne, 2006) ). This makes the locale perfect for studying a very long consumer relationship. Five tenant-landlord relationships have been analyzed by to understand customer relationship characteristic in an observed setting. These levels are; Caring, Law and codes, Rules, Independence and Opportunism (Rianne, 2006). The top five significant sub factors identified by

Ethical Issues in Marriage, Sexuality and Family Essay

Ethical Issues in Marriage, Sexuality and Family - Essay Example Generally, ethics is about determining and differentiating the good acts from the bad acts, developing good and accepted characters among people and fostering social order (Robin 20). Ethical issues Within the social structure, ethics is very much linked to marriage, sexuality and family. Ethics gives a guideline on what is expected of the contract union between husband and wife. Traditionally, marriage has been perceived as a lifelong committed relationship between a man and a woman with the purpose of procreation and upbringing of children with allowance of divorce only where any progeny have reached their maturity (McNeil, 198). However with introduction of new technology, this definition has been challenged and is loosing its meaning in the ethic. The universal acceptance of the contraceptives as a morally legitimate option that facilitates reproduction of children to be an optional choice for the married couples has brought a new face to the traditional marriage (Gallagher, 34). Marriage is no longer based on procreation achievement only but rather on ones happiness, pleasure and gain. Marriage has lost its ethical value in the society and adopted the contract perspective where couples can stay together and divorce or part ways at the will of either of the contracting party. Today, marriage is not necessarily a contract between people of the opposite sex but rather even people of the same sex (Cleves, 48). Homosexual and lesbian unions do as well qualify as marriages since today marriage is simply a contract between two parties that want to live together and not necessarily with the aim of procreation. This situation has been encouraged with the introduction of the new technologies that has seen people of the opposite sex using contraceptives to avoid procreation. At the same time, the scientific methods have made it possible for people of the same sex like the lesbian to also procreate and bear children (Allsopp & O’Keefe 78). Although this trend i s highly gaining popularity, it is still seen as in ethical for people of the same sex neither to marry nor to reproduce through the modern technologies that are seen as away of offending God who created human beings and advocated for opposite sex marriage as well as procreation. The sexual differentiation issue brings the debate of doing the good or bad in human being as per the ethics that do exists. The moral of doing well as in regard to sexual differentiation and reproduction is of importance since sex is a biological characteristic that is based with procreation. However sexuality faces ethical threat due to the fact that at the moment, developments in science and technology has made it possible for people to have sexual intercourse without necessary aiming to conceive a child (Aertsen 65). Also contemporary reproductive technologies have made it possible for people to conceive without necessarily engaging into sexual intercourse. This has witnessed severed relationship betwee n the link of sexual intercourse and that of procreation since they no longer depend on one another but they can be achieved independently of one another. Today people engage in sexual activities without the concern of being a father and mother but as personal preference to meet their desires (Gallagher 40). Naturally, men are supposed to be sexually attracted to women and women should be attracted to men. Today, men are attracted to follow men while women are attracted to fellow women and this has led to sexuality loosing its ethical standards and

Nurse Community Building Research Paper Example | Topics and Well Written Essays - 2000 words

Nurse Community Building - Research Paper Example In this paper, I will describe the following traits of an effective nursing community; cultural awareness, able and noteworthy leadership skills, sense of community, cultural aptitude, partnership and practice integration. In order to develop a successful nursing organization, it is necessary to apply these principles. A great sense of cultural awareness Any organization needs to have a sense of cultural awareness. A nurse needs to demonstrate cultural understanding that aids them to practice better healthcare and develop a stable public health policy. Awareness will help nurses in the community acknowledge that external factors like language barriers and inaccessibility of services and resources will often attract a negative history. By understanding a community’s culture and the barriers to service delivery, public nurses understand how to face these challenges and strive to better their cultural competence with the community (Caroline p 65). Able Leadership Able and notewor thy leadership is a characteristic of a strong nursing community. Able leadership enables nurses take up responsibilities and enables them to guide the community effectively. They are the proponents of health equitability and the social justice in the community. ... This strength ensures that the resources within a community are involved in helping the community strive towards humanizing the eminence of the health care conditions. For this reason, there should be an aspect of community in a nursing organization. Nursing in the community ensures that the community has the capacity to resolve problems, and properly utilizes its resources to enhance proper health management and health safety. Community health actions motivate community members by their actions of self-determination, and their understanding of the local needs and cultural aspects that link individuals with the business community. The nurses, thus, play a crucial role in guaranteeing that communal health is available in individuals in the community and in empowering the community to erect a burly affiliation in the society that will cater for the needs of the health care system. The health nurses primarily improve the health of the families and outfit for the needs of the public by r esponding to outbreaks of illness and the emergence of health risks. Nurses recognize that strong partnerships determine better health and collaboration of both the public and the private sector is important in ensuring that noteworthy healthcare is provided to all. In order to improve these partnerships, the nursing community involves using systematic approaches that strengthen the bond between them and the community (Donna et al p 50). This approach significantly reduces the cost of social and personal health program and strengthens the community. The systematic approaches that the nursing community adapts are: Assessing and monitoring the health care requirement of all members of the community who are likely to benefit from

Unit 3 Introduction to American Court System Essay

Unit 3 Introduction to American Court System - Essay Example Moreover, this system declines a hierarchical model of searching justice and favors the coordinate model (Dammer & Albanese, 2010). The coordinate model exercised by this system divides authority for developing, giving evidence and deciding on the verdict. This division checks power among the eventual decision makers. Therefore, this system manifests the public’s sovereignty, eliminates government abuse, and finally averts lawyers’ abuse. The rule of evidence incorporated by this system has an overall effect on the capacity of the system to identify truth because of delay. Subjection of both parties on the same formalities results to scant comfort. This will not guarantee a fair result because it is inadequate at the conceptual level (Leo, 2009). Moreover, inequality amid the parties leads to unjust advantage for the trial because the rules of evidence support the accused. This system is also deficient because of its inequality. This is because substantial responsibility is within the power of the lawyers for the accused. This is a weakness of this system because there is no representation for the accused. Conclusively, this system requires a neutral fact seeker. It encourages the contrasting sides to search and present their most persuasive evidence. However, the fact seeker is forbidden from making judgments before winding up the

The Gospel of John Essay Example | Topics and Well Written Essays - 1000 words

The Gospel of John - Essay Example â€Å"Hymn to the Word† is a section meant to look at Jesus as the logos of God, and His eternal Word. John acknowledges that Jesus is above all divine creatures (Lee, 2002). There are seven signs whereby Jesus’s public life is explained and written so as to show the world his spiritual being different from that of the other human beings. Included are the seven signs or miracles together with long speeches as Jesus explains himself and his purpose in the world, particularly his relationship with God (Lee, 2002). He says that God is his Father and it is only through him that people would get to his father. He goes further and explains that He is the son of God and stated severally that if an individual did not know him, then how he would know his father. When Jesus raised Lazarus from the death, it leads to his execution. The Jews were greatly of the opinion that Jesus was mocking their religious beliefs and those of their forefathers. They, therefore, decided that the o nly way to deal with him was to kill him. The seven signs mentioned above included: John the Baptist, Jesus is the Lamp of God, the calling of Simon, Andrew and Nathaniel, the marriage at Galilee where he changed water into wine, Jews and the businessmen who conducted their business in the Holy Temple of God, Nicodemus the Pharisee and the need to be baptized. Throughout the Gospel of John, there is a persistent explanation of the relationship between Jesus and God. At the end of the Gospel, the Holy Spirit is introduced to the Gospel as a helper and comforter of the Disciples and other Christians, and would be there for them once Jesus left after His crucifixion and resurrection into heaven. Christology This has simply been described by many scholars as a manifestation of the word that has the basis for immortality (Lee, 2002). In the book of John, Jesus is presented as the divine Son of God and in the same book is described to be subordinate to God the father. This gospel gives mo re emphasis to the relationship between the father and the son unlike the other gospels (Moloney, 1998). There was a lot of emphasis put on this relation and it was described as beyond our human understanding of how there is one God and with Him, there are three: the father, the son and the Holy Spirit. Jesus Divine Role In this gospel, Jesus explains the Kingdom of God to the multitudes. He was sent by His Father to bring the God News to the world. He had a messianic secret and played a divine role in the world (Coloe M. , 2006). He talks a lot about God’s divine wish as there are even echoes in the dark. Jesus has been regarded as the real vine, the way, the truth, the resurrection and the life. There are also several others such as the bread of the World and the gate of the sheep. Jesus divine call is illustrated all through the presentation and, as such, did not need to find it as per that minute. Jesus was sent to the world so as to help us reach and be near to God. He w ould be killed and denied severally by his friends. He underwent all this suffering for the sake of human beings and to save them from the crunches of the evil one (Tovey, 2007). There are three main happenings that are significant to the practice of Judaism. First was the cleansing of the temple where Jesus found businessmen who were selling all kinds of goods in the temple, and money brokers within the temple. He cleansed the temple and chased them away together with their goods and animals. He told them to go away and

What are the products made from benzene Essay Example | Topics and Well Written Essays - 1000 words

What are the products made from benzene - Essay Example The utilization of this product is not linked with human being directly; this chemical is used in preparation of different human related products as indirect link with human beings (Wilcox and Greenbaum, 1965). So, people should be careful about the usage of those products which are prepared with participation of benzene chemical. This concentration is supportive for the health protection of people in the social and commercial way of life. Benzene is commonly used in different industrial programs which are linked with all people without any doubt. For example, this chemical is used in preparation of drugs, lubricants, detergents, nylon, wheels and various other significant products which are linked with human life (National Research Council & United States, 1984). It is mostly used in United Stated and this is also confirmed that latest researches are also performed about advantages and disadvantages of benzene are also related with western countries (Cavani, 2009). According to the professional persons, benzene is a colorless chemical which is used in product due to attractive smell of this element. Accordingly, the harms of this chemical are stated as the link of benzene with petroleum is certain without any reservation. Some products which are prepared with benzene chemical are enlisted as under; So, it can be stated that benzene is an important chemical element for the success of various industries. So, proper care is needed for making protection of human health certain and obvious in the communal and commercial way of life. Benzene is an important element to make painting products elegant and gorgeous in the community. This chemical is used in various departments and this utilization is helpful to gain success obvious in paint manufacturing programs. There are three major parts of paint industry which are mentioned as coloring, binding and solvent agents in the industry. These all parts are related with utilization of benzene chemical which is

How Ethnic Groups Can Be Unified Essay Example for Free

How Ethnic Groups Can Be Unified Essay I would like to believe that I grew up very diversely. I attend an all foreign language program that was housed in my elementary / middle school and my mom allowed me to attend the Japanese classes up until the three grade when the program received funding for their own school. However, while I was in the program I was able to interact with a many different ethnic groups and because of my age and the fact that my mother raised me to be open-minded and well rounded I didn’t see a difference between myself and the other children in the class, in fact at the time I remember having a Mexican boyfriend and an Asian best friend. Because of my past I believe all ethnic groups can be unified if everyone can accept the fact that everyone is different and embrace everyone for their difference. The act of not liking someone because they are different is a learned behavior and children typical are learning this behavior from the adults around them and society views on that group of people. A simple and easy to understand example of how people are taught now to like each other is showed in most movies that make any reference to slavery. There is always a part of the movie where two little children, one being white and the other black, start out great friends but as time goes on they learn that they can’t be friends or date because one person is black and the other is white. I’d be naive to think that in my generation ethnic group unity will happen. 9-11 the US unified as a nation but we still had a negative view on one ethnic group for the actions of a individuals of that group. To this day I still know people who don’t care for Muslims as a whole because of 9-11. I do believe that things have gotten better over the year but only in some regions of the world. All I can do is raise my children the way that I was raised and hope that they treat everyone with respect no matter their ethnic background.

Airtel Lanka Is A Part Of Bharti Airtel Marketing Essay

Airtel Lanka Is A Part Of Bharti Airtel Marketing Essay Airtel Lanka is a part of Bharti Airtel, Indias leading telecommunication company which currently operates in 20 countries across Asia and Africa. They brag to be the world 5th largest mobile service provider with their customer base. Airtel Lanka currently has 1.7 million customers from an approximately 21 million customer base as of Quarter 3 in 2012. This assignment was constructed to analyze Airtel Lankas current marketing strategy in Sri Lanka based on Airtels prepaid and post paid voice plans. A valid rivalry analysis through Porters five forces and a detailed internal and external analysis has been conducted in this report, highlighting the issues Airtel had faced since its launch in 2009. Airtel has secured 4th place in the market with 5 players currently playing a tough game in the mobile telecommunication. A detailed product analysis has been undertaken, while looking into the market share and growth through a contextualized BCG matrix. The Ansoff matrix touches on the challenges faced and the ideal strategy to improvise on the mismatch of Airtel products in the market. Table of Contents 1.0 -Key areas of research and sources..1,2 2.0- Analysis of Airtel in the Sri Lankan Marketà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦.2,3,4,5 2.1 Airtel Internal Analysis 2 2.2 Airtel External Analysis..3 2.3 Analysis of Airtel Competitorsà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦.3 2.4 Putting into practice the Value proposition Builderà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦.4 2.5 BCG MATRIXà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦.4 2.6 The Ansoff Matrixà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦.5 3.0- Key Conclusions Findings ..5,6 3.1 Internal Check up-SWOT5 3.2 Knowing your external environment.5 3.3 Creating a Value Proposition.5 3.4 Fierce Competition.6 3.5 BCG matrix Analysis of Airtels voice plans portfolio. 6 3.6 The Ansoff Matrix- developing a strategy..6 4.0 Critical Observations..7,8 4.1- Product Development. 7 4.2- Market Development7 4.3 Airtels Lifecycle extensionsà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦..à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦..8 5.0 Learning outcomes from Group work ..8,9 6.0 Executive summary -Working as one teamà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦..9 7.0 Action points..9 8.0 Appendices. 10,11,12,13,14 List of figures 2.1 Internal analysis (SWOT)à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦ Pg 2 2.2 External Environmental analysis (PESTEL)à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦. à ¢Ã¢â€š ¬Ã‚ ¦..Pg 3 2.3 Analysis of Airtel Competitorsà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Pg 3 2.4 Putting into practice the Value proposition Builderà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦ Pg4 2.5 BCG Matrixà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Pg 4 2.6 Ansoff Matrixà ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Pg5 3.4 Competitive Market Share of Sri Lankan Telecommunication players Pg 6 4.3 Airtels Lifecycle extensions à ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦Ãƒ ¢Ã¢â€š ¬Ã‚ ¦..à ¢Ã¢â€š ¬Ã‚ ¦..Pg8 Key areas of research Primary Research We have conducted a survey to judge the market awareness on Airtel voice plans available in the market. We have each identified five segments (Youth, Senior Citizen, Corporate professional, professional entrepreneur, Family member) and interviewed five candidates. The sample size was total of 35 candidates, we collected the following responses Airtel plans confuse me The coverage is poor Rating Airtel in the somewhat category Our  Conclusion- Most of the market was not aware of Airtel products. Secondary Research A detailed research has been conducted with the use of academic journals, abstracts, trade publications, media reports, case studies, Interviews through the sources of Ebesco host, Harvard business review and many marketing management related text books and websites and statistical websites like the Central bank of Sri Lanka and the Telecommunication regulatory Commission. Internal Analysis The research on internal analysis of a company has explained the vitality of check ups giving a classic example of our own health check- ups every year and the importance of conducting a Swot check up internally too with the ever-so changing environment. External Analysis PESTEL analysis has been used. Media articles have demonstrated the external environmental challenges that Airtel is facing. Website journals have shown me the importance of analysing the external environment before planning for a new strategy. Competitor Analysis A detailed competitive analysis has been done using the Porters five forces. Research has highlighted a unique observation, that competition, today looks ahead of profits and should be strategizing to compete for survival. Value Proposition Many journal articles and marketing websites have been referenced. The research has shed light onto the importance of having a mechanism of a strong value proposition with a customer focus with the impact of being viewed as credible. A great example of this was Celtels success of entering the poorest continent. (24) BCG Matrix I have referenced journals, text books and trade publications which has highlighted product lifecycle decisions and some of the positives and negatives aspects of the BCG such as the lack of consideration in the competitive expectations and the risk factor. The Ansoff Matrix Research into journals and websites have demonstrated on how to develop a strategy through managing new technology innovations with the Ansoff matrix strategies along with a new concept of reverse innovation conducted by Airtel in India.(47) Analysis of Airtel in the Sri Lankan Market Airtels Internal analysis Threats Competition high High start up cost Free Internet calling Imposed Floor pricing for mobile providers. Strengths Recognized brand Capital investment from India 5th largest mobile operator in the world Strategic Partners around the world CEO well known business personality Weaknesses Lack of local knowledge Experience No coverage in rural areas Poor quality congestion and dropped calls Opportunities Very lucrative market Untapped Segments Legal Airtel set flow rates in Sri Lanka 2.2 Airtel External Analysis PESTEL Political Stability after the civil war Ecological Effects of their towers on the community health.CSR projects. Economic- Sri Lankan Rupees fluctuation Fuel price, Inflation Social Buying behaviors Technological- Adaptation from consumers 2.3 Analysis of Airtels Competitors Threat of New Entrants The set flow rate that is imposed from the government on calling rates makes it difficult to enter and compete. The Porters 5 forces Low Bargaining power of suppliers There are many mobile handset providers. Eg.Nokia Motorola, Sony Ericsson High Rivalry amongst existing players Customers have many choices High Bargaining power of Buyers There are 5 key mobile provides in Sri Lanka, Dialog Axiata, Mobitel, Etisalat, Airtel Hutch. Cost of switching is not high. Threat of Substitutes Fixed telephone lines, Internet calling. . 2.4 Putting into practice the Value proposition Builder 3.Offerings Corporate plans, Family packages, Special tourist plans. Value for money 2 .Value Experience Clear coverage, Best rates with value added services 1.Market Families, couples, Children, University students, Travelers Corporate businesses Value Proposition 4. Benefits Great packages for target the market . Rs 200 package included with free 200 MB, 200 sms 6. Proof Success stories to be highlighted through advertising to gain credibility. 5. Alternatives Differentiation Great Coverage, Unique plans. Adapted from : Greener consulting Ltd T/A Future curve (2003-2001) The value proposition builder. [Online]. Available from: http://www.ronholt.es/prensa/2011_Winning_Value_Propositions.pdf [Accessed September 29th,2012 Market Share High Low Problem Child Stars 2.5 BCG matrix Pre paid post paid Value added services High Market Growth Cash Cows Low Dogs 2.6 Ansoff Matrix Existing Product New Product Airtel Existing Market Product Development Market Penetration Diversification Market Development New Markets 3.0 Key Conclusions Findings 3.1 Internal Check ups-SWOT Just as we conduct check- ups on for health, A SWOT is required with the changing market trends. The strong financial backing can be used to increase its investments and expand rural coverage. Their strategic partners can assist in improving credibility local market knowledge. 3.2 Knowing your external environment The government imposed flow rate makes it harder for Airtel to compete. Mr Mittal explained that this could be played with in India which makes competition easier. (39) 3.3Creating a value proposition Creating a value proposition is essential for a company trying to reach its target market. A value proposition is not about listing all Airtels benefits but selecting the core benefits. Sunil Mittal chairman of Bharti Enterprises, had introduced a concept of reverse innovation success where he outsourced key IT functions and left concentration on core strengths of understanding customers and building brand in India. (47) http://www.airtel.in/wps/wcm/connect/7f2d9c004622c34386769613a14a5b1e/bharti-mittal.jpg?MOD=AJPERES 3.4 Fierce Competition Porters Five forces acts as a helpful tool in devising a strategy based on competition. I have identified that rivalry is high with 5 large players in a market of 21,699,591 mobile subscribers in Q3 2012. Competitive Market share of Sri Lanka Telecommunication player (Author 2012) 3.5 BCG matrix Analysis of Airtels voice plans portfolio There is a growing telecommunication market share of approximately 95 % as mobile users. Airtel needs to adapt is product lifecycle to uplift its matured products and implement proper segmentation to gain market share. 3.6 The Ansoff Matrix- developing a strategy Airtel is adopting a low cost mass market strategy. (Market penetration) Airtel needs to rejuvenate their product and conduct proper segmentation to develop its market and look into a strategy of Market Development and Product development. 4.0 Critical observations 4.1 Product Development Balanced portfolio We need to understand that using BCG to analyse its market share and growth and cash flow could be ineffectively measuring performance. Airtel needs to differentiate and localise their product portfolio and ensure customers are knowledgeable about the differentiated value offered. Eg Rs 100 package, Rs 300 package. Wider Network Coverage Clarity Airtel pleas from the Sri Lankan government to allow tower sharing which will reduce overall cost, improve quality and minimise environmental concerns. The usage of Satellites will improve connection quality. Value proposition develops the product Airtel needs to uplift its image in mobile technology sector with its Indian expertise. Retail partnerships can be used such as banks and food retailers to align credibility. Adding value for money and reducing cost.. 4.2 Market Development Move from Mass market Low cost strategy and establish value for money Airtel is lowering rates and using a penetration strategy. Mittal explained that Tariffs could be played with in India which makes competition easier. So Airtel should adopt packages with value added services as opposed to low cost which will be valued by its markets. (39) Develop untapped markets Kiddies Plan Parents will see this as a security to be able to contact their children and have restrictions on internet and calling features in place. Welcome to Sri Lanka- Tailored to the tourism in Sri Lanka. With application forms on the tourism website and they have a connection ready when arrive at the airport. Corporate packages Offering great bundle packages with Internet, corporate mobiles services, Dialog is treating its high spenders with a key client relationship club offering receptions and freebies and points system. Airtel should adopt a similar strategy to attract the top spenders and sustain their loyalty. 4.3 Airtels Lifecycle extensions Marketing Mix adjustment -Add value rather than reduce price After sales service -Better Communication to public Product adjustments Better coverage with towers and satellites Improvement with more value added services Increase Usage of Airtel bu current customers -Develop great packages Increase Number of Airtel Users Convert non users in new Segments -Grab Competitors Customer . Kotler,P. And Keller,K ( 2009) (19) 5.0 Learning outcomes from group work Master Market penetration before moving on The group identified that Airtels current strategy undertaken is market penetration. Airtel is not currently performing in their markets or their products. They need to perfect this before moving on. A differentiated market penetration strategy is what the group has decided. It was identified that Airtel has already many registered segmented products with the Telecommunication regulatory commission, the underlying issue is the clutter in advertising of Airtel packages that it is not marketed properly. Trail offers This was a new idea brought up by one of our team members to offer 1 month trial offers and let customers experience Airtels product. This will help to capture market share from competitors. We have identified Product P from the marketing mix and that for successful implementation it requires a synchronization of the other 3 Ps Evolving Technology Discussion went that Airtel should always keep a high priority on evolving technology despite its penetration strategy to stay in existing markets and existing products. Retail Partnerships My assignment identified for retails partnerships to enhance the value of the overall product but our team has looked at it as an opportunity to meet target markets and to establish credibility in their markets. 6.0 Executive summary -Working as one team The team got along well there was active contribution from all business backgrounds by each team member. We worked well to stick to our time plan. We got a good competitor insight from a team member who worked for the competitor, Dialog Axiata and another who had foreign exposure had brought forward technologies like tower sharing.On the flip side our group was very opinionated but we always battled out the contradictions and came to an agreeable solution. Individually I learnt a lot about the industry insights and the facts and figures brought by team member has enhanced my knowledge in the telecommunication industry. Action points The group started early to choose a company and Individual research was conducted on Product from the marketing mix. An active email group was set up where we had online discussions as well. Second Meet up was to discuss ideas so far and our progress Once we completed our individual assignment we discussed our findings along with the survey results (see appendix) and battled out the best points to put in our power point presentation. We finalized the slides with layout and discussed out talking points We are now practicing our presentation. 8.0 Appendix QUESTIONNAIRE This survey is about the Airtel and their product offering. Please spend some valuable time of you on this survey and information which collected through this survey would be kept confidentially. Male Female 1. Gender (à ¢Ã‹â€ Ã… ¡) 2. Age (à ¢Ã‹â€ Ã… ¡) 20 25 26 35 36 45 45 50 51-Above 3. Rate the following mobile phone suppliers according to your preference. Very good Good Average Some what Dislike 1 2 3 4 5 Airtel 1 2 3 4 5 Hutch 1 2 3 4 5 Dialog 1 2 3 4 5 Mobitel 1 2 3 4 5 Etisalat 1 2 3 4 5 4. Have you ever used an Airtel connection? (à ¢Ã‹â€ Ã… ¡) Yes No 5. If the answer is yes for the above question why did you switch to another connection? (à ¢Ã‹â€ Ã… ¡) Airtel Product range confused me Price levels are didnt meet up my requirement Coverage is not sufficient Marketing campaigns makes me complex Value added services are not sufficient 6. You use your device mostly on; (à ¢Ã‹â€ Ã… ¡) Voice SMS Data 7. Whose product range fulfil your mobile connection requirement (à ¢Ã‹â€ Ã… ¡) Airtel Hutch Dialog Mobitel Etisalat 8. Your most favourite marketing campaign is from (à ¢Ã‹â€ Ã… ¡) Airtel Hutch Dialog Mobitel Etisalat Thank you

Druids Essay -- essays research papers fc

DRUIDS Who were the Druids? The stereotypical image of a Druid is one of a thoughtful philosopher and magician, schooled in the lore of the traditions, and in charge of the education of the chieftains as well as those who sought to obtain knowledge considered obscure by the rest of society. They were knowers of truth, able to manipulate that truth as well as inform others of it. Druids not only influenced society religiously, they also influenced it socially i.e. they took on the parts of teachers, judges, magicians, craftsmen, advisors, priests, and masters of ceremonies, and in doing so, were greatly respected in society. The Role of Druids Teachers Caesar remarked that Druidism originated in Britain and that students would travel there for instruction, information and advice on astronomy, the ‘essential nature of things’, and the power and authority of the Gods- both local and pan-Celtic deities. Their religion forbade them to write down what was being taught, as stated by Athelia Nihtscada: Druids of the past sought to preserve knowledge through passing their traditions to their students. Unfortunately, they did not feel it prudent to write any of this knowledge down lest the knowledge fall into the wrong hands or lose power, leaving us having to piece together what little we do know from other writers through the ages. Because Nihtscada is a woman born with Celtic roots, and was initiated into the Druidic tradition herself, this modern source is quite reliable. She is also a public speaker with a deep interest in her Celtic heritage. Her aim therefore, was to provide readers with accurate information about the Celts, much of which corresponds with information provided by the Romans. Instead of writing, information was communicated and learnt through verse. In fact, there were so many verses that the druids spent about 20 years studying them, learning about oral literature of sacred songs, prayers, incantations, divination and magic. Despite this however, not one verse has survived, nor are there any pure Druidic legends as all of them have been subjected to Christian or Roman interpretation. Master of Ceremonies Druids, as masters of ceremonies, are renowned for administering animal, and sometimes even human sacrifices, as told by the Romans. Pliny the Elder describes one Druidic ceremony in his Naturalis Historia (XVI, 95): "Anything growing... ...ltic lifestyle. Bibliography - The Early History of Rome (Books I-V), Titus Livy, Penguin Library of History (Books XVI.66-XVII), Diodorus Siculus, Loeb Classical Library - The Gallic War, Julius Caesar, Loeb Classical Library - Natural History, Pliny the Elder, Oxford University Press - The Tain Translated from the Irish Epic Tain Bo Cuailnge, Oxford Paperbacks à ³ Tuathail, Seà ¡n. The Excellence of the Ancient Word. Available via internet at: ftp://bronze.coil.com/pub/nemeton/lore/eaw.cnl Geography, Strabo, Loeb Classical Library - http://www.themystica.com/mystica/articles/d/druidism.html - http://www.religioustolerance.org/druid.htm - http://witcombe.sbc.edu/earthmysteries/EMDruids.html - http://celt.net/Celtic/History/d_overview.html - http://www.britannia.com/wonder/michell2.html - "Story of Druids†, Microsoft ® Encarta ® Encyclopedia 2001.  © 1993-2000 Microsoft Corporation.

Life After Brain Injuries Essay -- Biology Essays Research Papers

Life After Brain Injuries: Are We Still the Same People? During the summer of my junior year, a friend of mine, we will call her "Jen", got into a horrible car accident. Apparently sitting in the middle of the backseat, only strapped in with a lap belt, my friend hit her head on the side window, smashing the window upon impact. After 3 weeks of being in a coma, my friend eventually recovered. Even though she was deemed "physically" healed, my friend was truly never the same. Not only had her demeanor and interests changed, but also it seemed as if she had become a completely different person after her accident. I thought it very sad at the time, because the friends who had been close to her before were no longer close. I did not understand what they meant when they said that she had become a different person. Certainly, I realized that she had changed, but I could not fathom that she was now so different that they could no longer treat her like the old "Jen". I believed that this new "Jen" was still the same person as before-that the inner soul with which they had become friends had never and, indeed, could never change. However, after reading Descartes' Error: Emotion, Reason, and the Human Brain, by Antonio R. Damasio, I regret the harsh judgments I made about "Jen's" friends. Dealing with someone who has suffered from a tremendous change in personality is not as easy as one would expect. Descartes, a famous philosopher, once made the statement, "Cogito ergo sum" (6). Like, Descartes, I previously believed that a separation between the mind and one's body existed. I believed that the mind of an individual was his or her soul and that the brain and body were just the machinery used to share that soul with the outside worl... ...rror, New York: Avon Books, Inc., 1994, a great book with much about Phineas Gage and other Brain injury victims 6) Rene Descartes, Discourse on Method and Meditations on First Philosophy, Indianapolis, Indiana: Hackett Publishing Co., Inc., 1998, can't read one without the other! 7)Athiest Site, a site dedicated to atheism that explores some of the questions this paper raises http://serendip.brynmawr.edu/bb/neuro/neuro02/web2/www.abarnett.demon.co.uk/atheism/brain.html 8)American University, a site outlining the neurospychology of emotion http://serendip.brynmawr.edu/bb/neuro/neuro02/web2/www.american.edu/bfantie/teaching/neuropsych/fundamentals/lectures/emotion.html 9)University of Northern Iowa, a site dedicated to the effects of different injuries to the brain http://serendip.brynmawr.edu/bb/neuro/neuro02/web2/www.uni.edu/walsh/front.html

Marketing :: essays research papers

Unit 5 _____________________________________________________________________________________ Learning Objectives Unit 5 is divided into two lessons: Lesson 5A: Personal and Online Selling Lesson 5B: The Marketing Plan Unit 5 wraps up the promotional techniques with personal and online selling, then calls on you to pull it all together for your project with a final Marketing Plan in place of a final exam. This will complete the â€Å"learning by doing† part of the course and give you a taste of what marketers do that affects our lives. Overview of Written Assignment Lesson 5A is really a carryover of two more promotional elements from Lesson 4B: personal selling and online selling, which could be considered as part of direct marketing, but which gets its own consideration in Chapter 21 of the text. Personal selling and sales management could be a course of their own, and we will keep that brief without a written assignment. Online selling, however, is a hot topic, even after the burst of the Internet stock bubble, with much written about it. We will try to summarize strategic choices and good practices for you, and we will give you a chance to design a Website for your product, service, or organization (on paper – you will not have to learn computer programming here). If your organization already has a Website, we will ask you to critique it using the guidelines we give you for a good design. Lesson 5B wraps it all up and asks you to pull together the components of the Marketing Plan you have been building, lesson by lesson, and send it in. That will be, in effect, your final exam, and hopefully something you can use in the future. Instructor’s Notes Lesson 5A: Personal and Online Selling â€Å"Cows don’t give milk. You have to take it from them, twice a day.† – Anonymous In 1939, when Ben Feldman entered the life insurance business, selling $1 million worth of insurance in a year got you into the industry’s Hall of Fame. In 1956, operating out of East Liverpool, Ohio, Feldman was selling $1 million a month, in 1966, $1 million a week, and in 1969, $2 million a week. In February 1992, New York Life had a special sales contest to celebrate Feldman’s fiftieth year with the company. Feldman won, selling more than $15 million worth of insurance that month. At the time, he was recuperating in Florida from a brain hemorrhage (Corman). 1 How did Ben Feldman do it? He tried phrases out on his wife, Fritzie. â€Å"Honey, listen to this. Is it ‘No one ever died with enough money’ or ‘No one ever died with too much