Employee Is Harmed At Work - 1581 Words

In the event an employee is harmed at work and they meet all the requirements for workers compensation they can get health advantages and salary for the amount of time they miss work. With a specific end goal to get these advantages, the representative must lose their entitlement to sue their manager for the offense of disregard. There are a wide range of arrangements, which fluctuate from state to state. The workers that fit the bill for pay can get week after week installments as opposed to being paid by their manager, which would go about as a type of disability insurance. In the event that a worker needs compensation for monetary misfortune or restorative costs, it would be utilized as medical coverage. Another structure that falls under workers’ compensation is life insurance, which would be utilized if a laborer is killed during their employment. There are three defenses for an employer by law for worker related injury. These are the fellow servant doctrine, contributory negligence, and assumption of risk. The fellow servant doctrine is when another employee causes the worker to be injured and this would make the employer not responsible for the incident. The contributory negligence is when an employee does not use precautionary measures to be careful on the job. In this instance the employer would also not be responsible for the injuries the employee got. The last defense for an employer is the assumption of risk. This would be if the injured employee willinglyShow MoreRelatedUnethical Behavior : Ethics And Leader1239 Words   |  5 PagesEthics and Leader 1. For the â€Å"College† section, items 1-3, who is harmed and who benefits from these unethical behaviors? On page 52 in Lussier, â€Å"cheating on homework, assignments, and exams and turning in papers written by someone else† are the first three unethical behaviors of college students referred to in Self-Assessment 6. (Lussier Achua, 2013). Students who engage in unprofessional behaviors both benefit and are harmed. For example, if a student cheats on an exam by copying off of anotherRead MoreUnethical Behaviors Of College Students1273 Words   |  6 Pages. For the â€Å"College† section, items 1-3, who is harmed and who benefits from these unethical behaviors? On page 52 in Lussier, â€Å"cheating on homework, assignments, and exams and turning in papers written by someone else† are the first three unethical behaviors of college students referred to in Self-Assessment 6. Students who participate in such unethical behaviors both benefit and are harmed. For example, if a student cheats on an exam by copying off of another student’s exam and passes, the studentRead MoreWelcome to the World of 21st Century Hrm.885 Words   |  4 Pagesirresponsible of Angie to put herself in a situation knowing she had to work the following morning. 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An example of the Rigas family exploiting an employee is when John Rigas asked an accountant to take out a $20,000 loanRead MoreA Research Study On Toxic Leadership1519 Words   |  7 Pagesexplore toxic leadership in nonprofits in Orange County. Also, to examine the impact of toxic leader’s practices on OCB and turnover intention as two variables that can harm nonprofit organizations significantly. Moreover, to determine the influence of employee engagement on their organizational citizenship and turnover intention because of the toxic leadership behaviors. The gap in the literature about toxic leadership in nonprofits has inspired me to study this issue as indicators of the ability of leadersRead MoreEthical Dilemma a Walmart Manager Might Face1537 Words   |  7 Pag escorporation, despite the unethical methods involved. These incentives are annual bonuses for the managers of the stores that remain within the Total Payroll Expense. The methods used to stay within this report included; â€Å"Off-the-Clock Work† where employees were forced to work after clocking out, and â€Å"one-minute clock-out† when employees failed to clock in after their lunch breaks. According to this belief, was the manager acting unethically or simply taking advantage of bettering himself financially? Read MoreWhy I Have The Coaching Leadership Style834 Words   |  4 Pagesinto big conflicts due to poor communication and lack of communication. One of the most recent conflicts that occurred in my workplace that I helped my manger resolve was with two employees who were doing the same work. My co-worker called out and his normal backup started doing his work. But my supervisor forgot that she delegated all his tasks when he was out to a new clerk. This caused tension between both clerks. One was upset because she felt that the new clerk shouldn’t have been appointed to

Music as Social and Political Instrument of Change in Latin America Free Essays

Philosophers and critics have long argued over which way the maxim should read:   does art imitate life, or does life imitate art?   Historically, artists of every medium have contributed to the social dialogue via there works, whether through hieroglyphics depicting a successful journey to the underworld, a holy Requiem for the dead, or shock artist Robert Mapplethorpe’s sexually and religiously controversial exhibits.   Music transcends most art forms as a tool for unification because it inherently invites participation, even more so than dance or theater in the realm of the performing arts, which demand more individual preparation.   Songs and chants can be generated anywhere, and often hearken back to indigenous folk music that taps into a communal experience, thus strengthening the sense of interconnectedness. We will write a custom essay sample on Music as Social and Political Instrument of Change in Latin America or any similar topic only for you Order Now In Latin American, two similar genres of music developed out of the cultural music of the region in response to contemporary socio-political issues that personally affected in Chile and Cuba.   In Chile, Nueva Cancià ³n (â€Å"New Song†) emerged in the mid-1960s, just as Nueva Trova was taking root in Cuba.   In light of the New Song movement’s intimate relationships in the revolutions that rocked Latin America during the late 60s to mid 70s, one is urged to conclude that Eric Selbin’s assertion regarding revolutions being â€Å"made† not â€Å"arriving† more accurately reflects the inherent ideological influence in socio-political upheaval.   As Nancy Morris records a member of the musical movement saying, â€Å"’[Canto Nuevo is] not just a post-1973 way of singing.   In what is said and how it’s said poetically and musically, Canto Nuevo is a process’† (qtd. in Morris 118). Both musical movements stemmed from artistic reactions to the living and working conditions in Chile and Cuba respectively, and both embraced traditional folk music’s conventions as a platform to express politicized lyrics.   â€Å"New Song began as a fusion of traditional musical forms with socially relevant lyrics.   Although each country has developed variations of New Song that reflect local social and political conditions and musical styles, New Song as a whole can be characterized as music intended to support and promote social change† (Morris 117). In Chile, songwriter, activist, educator, poet and martyr Victor Para wrote songs that for many defined the atmosphere of the movement and the hope of the community. His song, â€Å"Plegaria a un Labrador,† which â€Å"uses Biblical language to convey a message of hope and change,† was chosen as the best song of the Primer Festival de la Nueva Cancià ³n Chilena in 1969 (Morris 120).   Jara’s music (and the music of the entire movement) was like a responding chorus to the political requests of Salvador Allende, the Unidad Popular (â€Å"Popular Unity†) coalition candidate.   In â€Å"Plegaria a un Labrador,† Jara wrote the following lyrics: levà ¡ntate y mà ­rate las manos,  para crecer estrà ©chalas a tu hermano.   Juntos iremos   unidos en la sangre.   Hoy es el tiempo que puede ser maà ±ana   rise up and look upon your hands,   so as to grow clasp your brother’s in your own.   We shall advance together united in our blood.   Today is the time/when we can shape tomorrow. These lyrics suggest a call to arms and a charge to unify (i.e., â€Å"Unidad Popular†) so that the many can affect positive change for the good of the citizenry.   Yet there is still a sense of hope in the song, that the working class have the capacity to stand together and â€Å"advance,† not simply battle meaninglessly against oppression.   Jara went on to openly support Allende, including performing free concerts. Only three years after Allende was elected, the US-supported military staged a coup on September 11, 1973.   Allende most likely committed suicide. â€Å"The music of the Nueva Cancià ³n was severely affect by this media censorship [after the coup]. It was banned from the airwaves, removed from record stores, confiscated, and burned†¦ musicians were exiled, imprisoned, and, in the well-known case of Victor Jara, killed† (Morris 123). On September 12, 1973, Jara and thousands of other Allende supporters were taken to the Chile Stadium, where Jara was tortured and murdered.   The new government tried to silence the Nueva Cancià ³n by forcing the musicians to hide, but the music was not the property of the musicians; as Jara so eloquently wrote, the music was for the working people of Chile, and thus is was not to be completely suppressed. In Cuba, the revolution began with in 1953 with the guerilla attack on the Moncada Barracks and culminated in the overthrow of Fulgencio Batista’s government on January 1, 1959 by a group, which included Fidel Castro, Raul Castro, and Ernesto â€Å"Che† Guevara.   After he assumed power, Castro spent the early part of the 1960s eliminating all Batista loyalists, including the mass execution of 70 Batista regime soldiers.   One crucial element of support for Castro’s social change, even in the wake of such brutality, was the proliferation of songs that supported the revolution and its progressive intentions. Artists such as Silvio Rodrà ­guez and   Pablo Milanà ©s were responsible for the Nueva Trova in the late 60s, and their efforts were directed to re-imagining the traditional music for the new culture under Castro’s political umbrella.   To this end, the government sponsored and supported those artists of the movement, because they were, in turn, supporting the progressive movements of the new party.   Both Rodrà ­guez and Milanà ©s wrote songs for Che Guevara, for example.   â€Å"By negotiating their way through Cuban cultural politics, Rodriguez’s generation defined their politics in the process, proving Cuban culture to be diverse and inspiring,†¦challenging propaganda clichà ©s by creating the distinctive self- critical songs of the Cuban revolution,† (Fairly 15). In both countries, the music makers were part of the recipe for social and political change.   Their lyrics gave illiterate people a way to express their frustrations and concerns, and the musicians of the Nueva Cancià ³n worked with and against the political forces of their day.   As Fairly writes:  In a country not blessed with newspapers, the words of songs matter: songs like the iconic Ojala, a song about impossible desire and dreams that seems to capture all life’s uncertainties in one, became the soundtrack of everyday life across the Spanish-speaking world. Although he was no apologist for the revolution, Rodriguez’s popularity at home became so great that people joked that he had gone from being â€Å"banned† to â€Å"obligatory.† (15)  This sense of obligation is part of the way in which many people have a hand in creating and growing massive socio-political movements. Works Cited Jan Fairley. â€Å"Film Music: Jazz, World, Folk etc†¦ An accidental hero: For Latin Americans, Silvio Rodriguez is the equivalent of the Beatles and Dylan rolled into one. Ahead of a rare UK visit, Jan Fairley met the Cuban singer.† The Guardian Sept. 2006: 15.  Ã‚   National Newspapers, London, UK. ProQuest. 6 Feb. 2007 ;http://www.proquest.com/;  Morris, Nancy.   â€Å"Canto Porque es Necesario Cantar: The New Song Movement in Chile, 1973-1983.† Latin American Research Review 21.2 (1986): 117-136. ; ; How to cite Music as Social and Political Instrument of Change in Latin America, Essay examples

The Hindenburg Essay Example For Students

The Hindenburg Essay The arrival of the Hindenburg, thirteen hours behind schedule, at Lakehurst, New Jersey, on the evening of May 6, 1937, promised to be routine. The ship had an unblemished safety record on eighteen previous Atlantic crossings. In fact, no passenger had ever lost his life on any commercial airship. Still, because this was the beginning of the most ambitious season yet for airship voyages, reporters, photographers and news reel cameramen had their eyes and lenses focused on the great dirigible as it approached. When disaster struck it was sudden. Without warning flames gushed from within the Hindenburgs hull; thirty-two seconds later the airship lay on the ground, ravaged. Never had the sights and sounds of a disaster in progress been so graphically documented. Within a day, newspaper readers and theater audiences were confronted by fiery images of the Hindenburg. Radio listeners heard the emotional words of newsman Herb Morrison, sobbing into his recorder, Its burning, bursting into f lames, and its falling on the mooring mast and all the folks. This is one of the worst catastrophes in the world. . . . Oh, the humanity and all the passengers!(Marben 58) When this floating cathedral, called the Hindenburg, burst into a geyser of flaming hydrogen there was a tremendous impact on the public, although two thirds of the people on board survived. Two theories about why it happened surfaced and this tragedy put an end to the short age of these massive airships. We will write a custom essay on The Hindenburg specifically for you for only $16.38 $13.9/page Order now The demise of the Hindenburg had a searing impact on public consciousness that far surpassed the bare statistics of the calamity. Men and women escaped, even from this inferno. One elderly lady walked out by the normal exit as though nothing had happened and was unscratched. A fourteen-year-old cabin boy jumped to the ground into flames and smoke. He was almost unconscious from the fumes when a water-ballast bag collapsed over his head. He got out. One passenger hacked his way through a jungle of hot metal using his bare hands. Another emerged safely, only to have another passenger land upon him and cripple him. One man, at an open window with every chance to jump to safety, went back into the flames to his wife, both died. The final count was 36 dead, including 13 passengers. Nearly two thirds, of the 97 persons on board survived, but that fact was forever obscured, and the name Hindenburg became comparable only to the name Titanic(Abbott 69). Of all airship crashes, Hindenburgs remains the most mysterious and the most contentious, partially because of its fame. Many theorists were attracted to the idea of sabotage. An incendiary device could have been positioned at the place the fire started. There was an access ladder from the keel as well as a ventilation shaft to fan the flames(124). The most attractive aspect of the sabotage theory is timing. Had the airship arrived on time at six oclock in the morning a bomb timed for after seven p.m. would not have caused the horrifying casualties(125). In the absence of any real evidence to support the theory, some have been tempted to provide the villain instead. Max Pruss, captain at the time of the crash, eventually came to suspect a certain passenger(125). Others have chosen members of the crew. But not only did the American investigators fail to find any evidence of sabotage, the Gestapo investigation was equally negative. Unconvinced by this, some of the sabotage theorists ha ve made the whole thing into a Nazi plot(Marben 87). Many explanations fit the circumstances without the sensational solutions. The presence of free hydrogen deep inside the ship can be attributed to various causes. The very slow approach-speed of the airship, after valving gas, might well have left some gas residue in the shafts. The tail heaviness, noticed by the elevator man, might have been the result of a gas leak(Abbott 251). The only other necessary ingredient is the spark. Both American and German investigators agreed that some form of static discharge was the source of the fire(250). .u5f672fb8af03e544c6107c7cf8e9ca7e , .u5f672fb8af03e544c6107c7cf8e9ca7e .postImageUrl , .u5f672fb8af03e544c6107c7cf8e9ca7e .centered-text-area { min-height: 80px; position: relative; } .u5f672fb8af03e544c6107c7cf8e9ca7e , .u5f672fb8af03e544c6107c7cf8e9ca7e:hover , .u5f672fb8af03e544c6107c7cf8e9ca7e:visited , .u5f672fb8af03e544c6107c7cf8e9ca7e:active { border:0!important; } .u5f672fb8af03e544c6107c7cf8e9ca7e .clearfix:after { content: ""; display: table; clear: both; } .u5f672fb8af03e544c6107c7cf8e9ca7e { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u5f672fb8af03e544c6107c7cf8e9ca7e:active , .u5f672fb8af03e544c6107c7cf8e9ca7e:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u5f672fb8af03e544c6107c7cf8e9ca7e .centered-text-area { width: 100%; position: relative ; } .u5f672fb8af03e544c6107c7cf8e9ca7e .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u5f672fb8af03e544c6107c7cf8e9ca7e .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u5f672fb8af03e544c6107c7cf8e9ca7e .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u5f672fb8af03e544c6107c7cf8e9ca7e:hover .ctaButton { background-color: #34495E!important; } .u5f672fb8af03e544c6107c7cf8e9ca7e .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u5f672fb8af03e544c6107c7cf8e9ca7e .u5f672fb8af03e544c6107c7cf8e9ca7e-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u5f672fb8af03e544c6107c7cf8e9ca7e:after { content: ""; display: block; clear: both; } READ: Folk vs rock EssayThe burning of the Hindenburg made it clear once and for all that dirigible travel was merely a blind alley in the evolution of flight. The giant airships remaining loyalists were abandoned, along with

Market Entry Into Kenya for a Food Franchise Essay Example

Market Entry Into Kenya for a Food Franchise Essay Example Market Entry Into Kenya for a Food Franchise Essay Market Entry Into Kenya for a Food Franchise Essay BNU5013 – International Management Strategies Post-Module Assignment for Prof. Minyuan Zhao The topic for our team presentation was the expansion of Global Franchise Architects (GFA) into Kenya. The group selected this company as we had just completed a communication strategy for them on how to expand in India, and one of our colleagues who is from Kenya thought that it might be a viable option for GFA to expand into Kenya. This paper will attempt not to repeat any facts stated already in the presentation, unless required to highlight a specific point. At a high level the group agreed, by a democratic process, to the consensus that GFA should not expand into Kenya, but I would like to disagree with that assessment after further research and analysis on my own. The key strengths of GFA are: 1) Operational excellence: This helps the investor to get a high Return on Investment (ROI) 2) Portfolio of 9 brands: Having multiple brands provides the investor to open combined stores with different brands or pick and choose the brands that they want to focus on. The main highlights that make Kenya an attractive market are: Positive GDP growth Lower interest rates- cheaper credit access Inflation down ( 5%) Market: 4 major cities opportunity – Nairobi (4M), Mombasa (1. 5M), Nakuru (1M), Eldoret (. 8M) – Majority Western style taste, entrenched â€Å"eating out† culture – High proportion of young and out-going population. Competition – 2 international (South African) food franchisers + local brands. – All have limited menus, not well managed and expensive. While risks entering Kenya are: High oil prices Exchange rate fluctuation Political stability The first thing that one needs to look at while deciding to enter a market is whether there is a demand for the product being sold and the spending capacity of the consumers. In the last year the Kenyan economy has been recovered from a slump and is currently booming. At the same time the fast food business has been growing with increased consumer spe nding (1). A new entrant can take advantage of the vacuum created by the closure of fast food stores due to the post-election violence and global economic slowdown. The second thing is how a company can differentiate itself from its competitors. GFA relies on its operational capabilities along with locally sourced produce to provide a high ROI. There are a few ingredients that are flown in from the central kitchen in Thailand like cheese to maintain a consistent standard of quality but the rest all are procured locally. With the recent explosion of high quality local produce (2) the franchisee would not have to rely on exported goods alone which result in higher cost of goods sold and lower profits. CAGE Analysis: While performing CAGE analysis to determine if GFA should enter Kenya or not the first thing compared to was the current operation in Sudan. Some things that stood out during this analysis were the similarities between how Starbucks launched and operated in China, a tea drinking country with low copyright protection. Cultural: International food tastes in major cities like Nairobi and Mombasa and the willingness to pay a premium for Western products Presence in Sudan cannot be leveraged due to differences in culture and local food preferences ADMINISTRATIVE: Lack of TM protection e. g. Brand Pizza Inn operated by a different owners of Pizza Inn U. S GEOGRAPHIC: Local Procurement of 65% of COGs, Rest would need to be shipped from Thailand Easily accessible from India and Bangkok by sea and air. Eastern and Central Africa’s financial and communication hub ECONOMIC: $838 GDP per capita, very low $ but users in city willing to pay a premium for western products Agricultural based economy, ensuring good supply of raw material required for the food business If GFA can create an image of an international provider and carve a niche the fast food market it can definitely succeed. Referring to the FDI decision tree along with the cage analysis one can deduce that it would be viable to enter Kenya but only if GFA can find the right contact to franchise with. GFA should not go in for the sake of going but conduct a thorough search for the right to local partner, one who understands the rules and regulations on the country and has operated other retail business in the country. AAA Strategy Implications: Once a decision has been made to enter the country, GFA would need to decide which of the Adaptation, Aggregation Arbitrage (AAA) strategy to excel at. It is very hard for any company to excel at all three at the same time but focus on different aspects or hybrid of two approaches as its strategy evolves. Below is a quick look at each of the three strategies: Adaptation: GFA will have to modify its menus to suit the local taste. It cannot try and replicate the menu that it serves in Sudan due to the various culture and eating habit differences. It’ll also do well to adjust its procurement strategy of raw material to adjust to the local supply chain management model. GFA would also have to adapt on how the product is marketed and the structure of the store i. e. independent Pizza stores versus joint Pizza and Ice cream store as highlighted by how the other franchisees operate in Kenya. Most are run as joint stores and in conjunction with other retailing outlets or petrol pumps. Having said that GFA might also differentiate itself from competition by providing high end Pizza stores like Pizza Hut does in asia. Aggregation GFA has been in operation for over a decade and there are definitely things it can aggregate amongst its distributed operations, things like Kitchen design knowhow, supply chain setup, marketing collateral, basics of the menu etc. It can also further aggregate the shipments to its two African country franchisees to lower cost of shipping and distribution. Even though the two might have different menus, they would still need the same basic products that are imported like cheese, kitchen equipment etc. Arbitrage Though GFA cannot arbitrage to lower labor costs or take advantage of costs in India or Thailand as the costs in Kenya are pretty cheap, what it can do is arbitrage on the quality of the products to charge a premium. It can get high quality cheese and sauces that its competitors cannot easily replicate and charge a premium for it while at the same time keeping its core recipes a secret. ADDING Value To confirm the entry into a new market one can perform a quick ADDING analysis and see if the entry adds any economic value or not. The image below is a quick snapshot of my analysis: pic] Adding Volume: GFA will definitely be able to add volume to its overall numbers by adding more stores Decreasing Cost: GFA might be able to lower the cost for franchisees a bit in its Sudan operations by sharing some transportation and logistics cost with Kenya especially on items that have to be shipped from India or Thailand. Differentiating: GFA will definitely be able to differentiate itself in the local Kenyan market as well in other markets by having international operations in multiple countries and continents. Improving Industry Attractiveness: GFA won’t be able to make too much of a difference on this front, though it will have some initial mover advantage especially since a lot of the other fast food stores shutdown during the last economic downturn. Neutralizing Risk: In theory GFA will be able to neutralize risk by diversifying across multiple countries but in reality it might be running the risk of spreading itself too thin. Also by moving into a country like Kenya which does not have stable political environment it might run into the risk of its stores being shut, which should not impact GFA as much as its franchisor. Generating Knowledge: GFA will be able to learn on how to operate in developing economies in Africa and if successful can utilize this knowledge to further expand on the continent. Having done the basic analysis the last thing GFA can look at how its potential competitors are performing in Kenya. Innscor Kenya, a part of Inscor Africa (a Zimbabwe based company with multiple brands) moved to Kenya3 moved to Kenya using the franchise model. It also operates like GFA with Multiple brands under one umbrella. Inscor found the Kenyan market to be the most promising on the continent4, where it soon further expanded its operations. Keeping such reference points in mind I think GFA should definitely look at expanding in Kenya through franchising with a suitable partner. References: 1: businessdailyafrica. com/Corporate+News/Food+businesses+record+growth+on+improved+buying+power/-/539550/1039392/-/item/0/-/rjqcn9z/-/index. html 2: tegemeo. org/documents/other/Regoverning_Kenya2007_information_sheet. pdf 3:http://dialadeliverykenya. co. ke/about_us. html 4:http://allafrica. com/stories/200402100125. html Class material and group presentation

Learn How to Make a Chinese Toast

Learn How to Make a Chinese Toast Whether you’re ringing in Chinese New Year with a bottle of champagne, making a toast at a wedding, or casually drinking ç™ ½Ã©â€¦â€™ (bijiÇ”, a popular type of Chinese alcohol) with your friends, knowing a few Chinese toasts to say will always liven the mood. Here is a beginners guide to short Chinese toasts and other Chinese drinking culture tips. What to Say ä ¹ ¾Ã¦  ¯Ã‚  (GÄ nbÄ“i), literally translating into dry your cup, essentially means cheers. This phrase can either be  a very casual toast or sometimes this toast is an indication for each person to empty the glass in one gulp. If it is the latter case, this only applies to men ​during the first round of drinks at the beginning of the night, and women are only expected to take a sip. éš ¨Ã¦â€ž Ã‚  (Suà ­yà ¬) literally translates to at random or arbitrarily. But with regards to giving a toast, it also means cheers. This toast indicates you want each person to drink as he or she wishes. è  ¬Ã¥ £ ½Ã§â€ž ¡Ã§â€"†Â  (Wn shà ²u wà º jiÄ ng) is a toast used to wish for longevity and health. What to Do Now that you know what to say, how do you actually give a toast? When giving a toast in Chinese, raise your glass as you give the toast. Depending on where you are, your fellow drinkers will either raise their glasses and then drink, clink glasses and then drink, or tap the bottom of the glasses against the table and then drink. If you are giving a toast with a table full of people, it is not expected that anyone clink glasses. But there will be times when you find yourself clinking glasses with an individual. If that person is your superior, it is customary that you touch the rim of your glass below the rim of their glass. To exaggerate that you acknowledge this persons higher status, touch the rim of your glass to the bottom of their glass. This custom is especially important when it comes to business meetings. Who Makes the Toast? The host of the party or meeting will be the first to make the toast. It is considered rude if anyone besides the host makes the first toast. The host will also give the last toast to indicate that the event is coming to an end.   Now that you know how to give a Chinese toast, drink up and enjoy socializing!

Value at Risk Essay Example | Topics and Well Written Essays - 3250 words

Value at Risk - Essay Example Risk management methods and nature varies from industry to industry like it can't be same for project management, industrial process and financial portfolios. From a management view point, risk management is an important tool which is used in decision making because it is systematic and well structured. For better utilization of risk management in management's decisions, risk analyst's reports must be based on the latest and best available information. The cause behind the mentioning of the Chinese proverb above is that risk management is the only tool which differentiates a good management with a bad one. From a bank's standpoint the term is usually used synonymously with specific uncertainty because the usage of statistics allows us to quantify the uncertainty which is called the measure of dispersion (Shirref, 2004). We know that every country have mostly two regulators on their heads, one for the banks and one for the companies. Usually Securities and Exchange Commission (SEC) regulates the companies while the Reserve bank regulates the financial institutions. Bank of International Settlement is the regulator of the regulators. From the same concept there is another regulator which regulates the financial institutions risk management department regarding the capital requirement and capital adequacy ratio. The name of the regulator is Basel Accord. Let's see in detail, what Basel accord has in its regulation. FROM ORIGIN OF BASEL TILL IMPLEMENTATION: Basel was an attempt to reduce the quantity of bank failures in a country, due to the insufficient capital which ties a bank's Capital Adequacy Ratio (CAR) to the risk of the loan Bank's makes. In 1988, The Basel Committee for Banking Supervision (BCBS) did the first attempt to implement such methods worldwide, which enhance the risk absorption power of the banks. Basel I was the initial or first set of capital requirement for all actively international banks because it sets charges for the credit risk which is known as crude capital charges. It instituted for the first time the requirement of minimum capital which must be held by the international banks to avoid the financial risk. In 1980, credit risk was the dominant player in risk class for banks but by the early 1990s, banks became more anxious to be a part of the capital market and for those markets which are larger and more liquid, and to play their role, and they did that. The significance and importance of risk then arose in the banks, but the Basel I merely emphasized on the credit risk. To overcome the risk of all traits, a new framework was desperately required to make the risk calculation and reporting more sophisticated. The BCBS agreed upon the market risk amendments in 1996 from there the concept of Basel II was born (Reuvid, 2008). Initially, the capital charges were based on definite standards, defined by the BCBS,

Xbox Introduction of Kinect Essay Example | Topics and Well Written Essays - 750 words

Xbox Introduction of Kinect - Essay Example It makes game controllers reduce their use of buttons and makes gaming as fast and efficient as possible. The add-on interprets voice commands and allows its users to easily play games in the absence of a game controller (Webb & Ashley, 2012). The devise also senses the movements of its user and also allow them to bark orders. Microsoft also plans to set living room chats with its Kinect product introduced in the market. Microsoft, therefore, intended to use the Kinect to face the competition from other forms of entertainment including music players, mobile phones as well as tablets. In developing the product, Microsoft used a number of methodologies. The company used the E3 convention for video games to announce its products and expansion strategies. It announced the addition of the Kinect add-on for the Xbox 360 to boost entertainment for video game players. Microsoft used social events as ways of market the product. The use of the Xbox 360 to announce events as sports was a major way of developing the product. This included the national basketball association and other events as the national hockey league. The leagues made their programming packages available to fans using the Xbox live. This increased the use of Xbox 360 and consequently the Kinect add-on for the gadget.... Microsoft also used the annual expo for electronic entertainment to market its product. The company showcased its new market entries. The announcement by Microsoft to link with Nike to launch a training program for fitness by the use of Kinect was among the ways in which Microsoft developed the product. Through the device, the fitness of a person is detectable. The company also used the international consumer electronic shows to develop their Kinect product in the market. Laying down formal rules to allow legitimate commercial use of the product was a great methodology used by Microsoft. These include the Kinect-centric experiments geared at reaching a significant share of the market for the product. The use of the product from Microsoft to enable live advertising was a significant step in developing the product. This was through the use of interactive NUads supported by Kinect. The use of Kinect in classroom also formed a significant market among students. Students could use it to l earn by collaborating in projects through the support of avatars. This supported distance learning. Through the different ways of developing the product, it garnered considerable market dominance. It was among the products of the company that made the highest sales within the fastest time after its introduction into the market (Walker, 2012). The development of the product, therefore, was successful given the high sales realized within the shortest time. The sophisticated nature of the software rendered it unbearable for hackers to interfere with the components. The fancy video cameras present in the device put off its hackers. It also had a depth sensor that was sophisticated for hackers to duplicate. Since all the properties of