The Most Ethical Course

I believe the most ethical course of action in the story of Felicia Robinson is to wait it out because her opponent may seem guilty at the time but he could also be an innocent man and she wouldn't want to have the stigma that she's a liar because of a mistake she has made. 3a. ) When coming across a survey showing majority of people in my state that oppose my position, I should point out those shortcomings that came my way during my the process because it will show that I'm a honest person, the people love honesty ! b. ) In my opinion,I believe the most ethical course of action when listening to an informative speech that is given by a classmates that has plagiarized is to talk with the speaker as a individual and inform them that I'm aware of their actions and strongly insist that they do not do it again, because I believe everyone deserves a second chance also I wouldn't want my fellow classmate to get hit with serious consequences over stupidity. 3c. I should not include a quotat ion from an article that is not supporting the policy I'am advocating for even if it's an article by a highly respected expert, because it will hurt the main point that I'm trying to make in my speech. *KEY TERMS (chapter 2) Ethics- the branch of philosophy that deals with issues of right and wrong in human affairs. Ethical decisions- sound ethical involve weighing a potential course of action against a set of ethical standards or guidelines. Name-calling- the use of language to defame, demean, or degrade individual groups.Plagiarism- presenting another person’s language or ideas as one’s own Bill of rights- the first 10 amendments to the United States constitution. Plagiarism- presenting another person’s language or ideas as one’s own. Global plagiarism- stealing a speech entirely from a single source and passing it off as one’s own. Patchwork plagiarism- stealing language from two or three sources and passing them off as one’s own. Increme ntal plagiarism- failing to give credit for particular parts of a speech that borrowed from others. Paraphrase- to restate or summarize an author’s ideas own words. Fist ten amendments Amendment I – Freedom of Religion, Speech and the Press; Rights of Assembly and Petition. Amendment II – Right to Bear Arms The amendment was adopted so that Congress could not disarm a state militia. Amendment III – Housing of Soldiers Grew directly out of an old complaint against the British, who had forced people to take soldiers into their homes. Amendment IV – Search and Seizure You may not be searched or have property seized without probable cause and/or a search warrant. Amendment V – Rights of the accused (Self-incrimination, Double Jeopardy, Due Process, Just Compensation)Amendment VI- Rights to a Fair Trial (Speedy and Public Trial by Jury*, Tried in state where crime was committed, Informed of charges against accused, Witnesses, Right to a lawyer) A mendment VII- Rights in Civil Cases (Trial by jury in civil cases over $20) Amendment VIII – Cruel and Unusual Punishment Bails, fines and punishments must be humane and fit the crime committed Amendment IX – Rights Retained by the People Any rights not listed in the Constitution are still protected Amendment X – Powers Retained by the States and the People States or people have all powers not given to national government. (ie: marriage)

Low cost strategy

As Jet Blue manages growth, the airline must also standardize many other things it does to avoid starting from scratch every time. For example, JetBlue has developed a checklist of what has to happen whenever it enters a new market. Everyone involved has access to the list on the corporate intranet. Each department sees what has been done, what remains to be done, deadlines, problems. Currently, the checklist makes launches that occur months apart more predictable. But before too long, it'll make simultaneous launches, unthinkable early on, manageable. JetBlue adopted a strategy for effective cost control by identifying and eliminating all unnecessary expenses and concentrating on providing high quality services to its passengers. Towards this end, it adopted a number of innovative measures on the planes such as: not serving food, point-to-point flights, and quick turnarounds. It also made effective use of advertising to position itself as a fun airline. JetBlue's innovative operational model helped it succeed at a time when the major players of the airline industry were crumbling. These activities and efforts are noteworthy and also improve efficiency, which will be critical in the years ahead as JetBlue tries to offset rising costs for aging planes and more-senior employees. And low costs remain an obsession. JetBlue's reservation agents, for example, work from home rather than in an expensive call center. At the same time, Neeleman is looking to widen profit margins again. A new 100-seat regional jet fleet being added next year will tap relatively uncontested — and so more profitable — markets. One of the latest tools designed to help JetBlue as it grows is an â€Å"operational recovery system.† During any disruption — weather that grounds some flights, for example — it allows planners to select various goals before rerouting planes. No canceled flights or delays beyond three hours? The software produces a solution and calculates its cost. It factors in each plane's maintenance and fuel needs, and the flight crew's experience and availability within FAA rules. With the current fleet of 57 planes, the program is a perk. Down the road, with 100 or more planes, it will be indispensable. (for more details, see the http://www.fastcompany.com/magazine official site)

Must be business related and must be current Term Paper

Must be business related and must be current - Term Paper Example In 1997 it spent DM 14.7 billion on R&D, 24% of the total business sector R&D expenditure in Germany that year. In 1995 50,000 employees were engaged in R&D, 6% more than in 1991. The impact is clear in patent statistics. The automotive industry registered 1,892 patents in 1990, 2,940 in 1996 (out of a total of 9,342 patents registered world-wide). Thus 31% per cent of patents registered in 1995 were German, compared to 25% Japanese and 19% US-American; German patents. The uniqueness of Volkswagen's governance is based on a bespoke law named the â€Å"VW Act† enacted in 1960 when Volkswagen was privatised, and a corresponding company statute. This legislation includes, among other directives, a required two-third majority on the supervisory board for any decisions on new plants or plant relocation thus ensuring that the government and labour representatives could not be overruled in decisions concerning changes of location and employment security. This has led to consistency i n providing a solid basis for continued innovation. In the late 90s VW moved upmarket with its purchase of Audi but also retained the lower end of the market with it’s purchase of Skoda. ... 2. The business situation involved: innovation at VW AG According to sources at VW, the main advantages of electronic communication is the reduction of adminstrative work, the acceleration of processes, improved planning accuracy and improved transparency in the collaboration with its suppliers. The development of this B2B supplier procurement platform has produced remarkable savings for both VW and suppliers over the past 5 years. Reference to statistics at VWGroupSupply in the Annual Report show that, as well as the doubling of suppliers using the platform over the past 4 years, VW now handles all of its contracts through this system generating transactions up to $56 million resulting in a saving of up to $70 million on the legacy direct procurement methods. Lee, S (2003) carried out a comparative study of leadership in innovation within the automotive B2B sector and rates VW as the leader in this field with Opel, BMW and Daimler following in order. The type of innovation character ised by VW’s B2B supplier platform is essentially that of process integration rather than product innovation per se. The advantage for VW, beyond the savings already mentioned, is the ability to accelerate the time to market for new models. This is partly facilitated by the fact that component orders that would have previously taken up to a month to process are now executable within a few days with a comcomitant shedding of bureaucracy. In terms of future stability of this platform, firms would seem to be so well-integrated into the system that they could not operate their procurement without it. The drivers behind this innovation are both diseconomies of scale created when VW diversified their global production to include the USA in the mid-70s. This was

Presidential Election 2012 Paper Essay Example | Topics and Well Written Essays - 1000 words

Presidential Election 2012 Paper - Essay Example In terms of social conservativeness, I consider myself very accommodating and adaptive to change happening in the contemporary society. My political formation was heavily influenced by my high school history teacher. He presented an objective account of the issues that America has faced since its birth, bringing the realization that we have mostly been dealing with the same issues over the years: racism, immigration, gender issues and military action among others. This has helped me analyze the positions taken by different individuals/parties over time and their consequences, providing a basis for most of my political beliefs and inclinations. A number of issues define the current political dispensation in the USA mainly revolving around employment, education, environment, foreign affairs, poverty, taxes, immigration, and healthcare. These issues affect all aspects of the American society and have been the main points of contestation that have decided most of the recent elections. Personally, I feel that the issue on healthcare could be a key deciding factor among the Republican candidates and their choice candidate’s face-off with Obama. Hence, I will focus on healthcare based on analysis of the candidates’ positions in relation to my own views. Newt Gingrich reckons that the current government’s big spending on healthcare should be done away with. Instead, Gingrich proposes a â€Å"Patient Power† plan with the aim of saving lives and cutting costs. He seeks to promote choice among Americans in their healthcare tax cuts, giving the elderly an opportunity to voluntarily choose more personal hea lthcare in the private sector and allowing states to flexibly Medicaid to promote healthcare among the poor (Newtgingrich.com 2012). Ron Paul seeks to promote freedom rather than force in promoting healthcare. He proposes the repellation of the

Multimedia Essay Example | Topics and Well Written Essays - 2000 words - 1

Multimedia - Essay Example the Academy for Educational Development with the task of creating a training program in order to assist local media houses in comprehending the complexity of influenza so that they can report it to the public effectively (Truss 2010, p. 15). Health promotion requires both social marketing and media advocacy, which highly determine the effectiveness of this endeavour (Pechmann & Knight 1994, p. 236). Social marketing endeavours to create and incorporate marketing ideas with other different approaches in order to persuade actions, which benefit people and societies for a much greater social good. It seeks to incorporate research, theory, best practise, audience, as well as partnership insights, so as to enlighten people on the delivery of competition sensitive plus segmented social change programs, which are efficient, effective, sustainable and equitable. Media advocacy, on the other hand, is the tactical use of news-making in order to support public debate along with generating socie ty support for transformations in society policies and norms through TV, newspapers and radio (Grossman & Chaloupka 1997, p. 290). Public members are the final decision-makers and opinion leaders in today’s world so you can imagine the effect an effective health promotion advert on TV on the effects of smoking can do to them. This paper will plan a health promotion media resource, TV, for smoking. The main purpose it to discuss how television can be used effectively to pass a message across that smoking is harmful to peoples’ health. Cigarette smoking remains one of the main causes of early death in a majority of countries; 20% of all deaths. Research has revealed that people who smoke are more prone to die from smoking compared to any other cause of death (Lefebvre 2011, p. 54). In the United Kingdom, smoking has taken away the lives of over a million citizens in the form of heart disease and cancer in the past decade and researchers have tagged it as the main contributor to the

My willing contribution to the university and my hopes for college Essay

My willing contribution to the university and my hopes for college experience - Essay Example tudents who get education in a community college just because the government provides them with money or some students study their because of their parents. The lack of strength in the utilization of their capabilities is disturbing. Students cheat to get good grades and focus on passing the examination instead of learning. This trend needs to be altered to improve the educational status globally and to produce high quality achievers. The system of going to school and then going to work to pay for the school fees is one of the factors that de-motivates a lot of college going students. The cycle leaves little space for personal development of a person. My aim in life has always been to explore the story of the people around me and being a part time educationist I consider it a responsibility to teach them and show them the right direction. Every person can make a contribution to their society for its betterment and my responsibility is to make sure that my students and other people around me acknowledge their true potential. The University of Colorado fosters a culturally diverse environment and an inclusive community which I hope to become a part of and contribute my skills that I have gained through my personal experiences. My aim would be to give in my best at every on campus activity and accomplish all targets set by my professors. Tutoring has taught me that there is a fire in each soul that is waiting to be ignited and with the proper attention given to a person, there are miracles that can be achieved. It is necessary for each person to understand what they are capable of and know their worth because it this in this way that they can succeed in life. Diverse environment gives out the proper conditions necessary for me to contribute to and to make myself better. I am willing to bring the same zeal and zest to the University of Colorado and achieve my aim. There is no age of learning and a person can achieve much in life by having an attitude of never giving

Baffin Region, Pond Inlet Research Paper Example | Topics and Well Written Essays - 1250 words

Baffin Region, Pond Inlet - Research Paper Example 1). The Atlas of Canada places its coordinates at 70 ° 18’ 46† North 112 ° 1’ 6† West. The Baffin Region forms part of Nunavut (OECD p. 26). The region, especially Baffin Island, was covered by ice about 10,000 years ago but ice began melting a thousand years later in the Gulf of Boothia and Hudson Strait , 7,000 years ago in the Foxe basin area and 5,000 years ago freed the entire island from ice except in the area between its two snowcaps. The first colonizers of the island were the Paleo-Eskimos and a good portion of it was deemed to have been part of the pre-Dorset and Dorset culture development. It was officially founded by Martin Frobisher in 1577-1578 but it was William Baffin who christened it with its present name in 1616 (Nutall 2004 p. 193). As of 2007, the Baffin Region had a population of 15,765 most of it settling in Iqaluit, the capital city of Nunavut. Baffin Region’s population constitutes more than half of the total population of Nunavut (see table 1) (Henderson 2007 pp. 25-26). It has 15 communities, most of which can be found in Table 1 with their respective population and Figure 1 (Henderson 2007 pp. 25-26). Of the total population 8,165 are males and 7,605 are females. The following is a breakdown of the population by age: 0-9 years old, 3405; 10-19 years old, 3295; 20-39 years old, 5150; 40-59 years old, 3245, and; 59 and above, 1295. Out of the total population only 295 persons are immigrants; 12,610 are aboriginals. There are a total of 4,405 private dwellings in the Region breakdown as follows: 910, owned; 3495, rented (Statistics Canada 2010). The Region forms part of the so-called Canadian or Davis Shield, a long expanse of bare, eroded length of land that extends from the south of Ellesmere Island southeastward to northern Labrador. This shield is characterized by a lack of surficial deposits, its length disrupted only by hill tops (Atlas of Canada 2010; Nutall 2004 p. 192). Nuvanut has three

Human biology and nutrition Essay Example | Topics and Well Written Essays - 1000 words

Human biology and nutrition - Essay Example The model deals with the alleviation of the health condition of the individual. The social model of health entails how determinants other than the absence or presence of a disease affect the health of individuals. Some of these determinants include the culture, beliefs of the individuals as well as the level of income, housing and education. Moreover, the political, socio-economic and the environmental conditions that the person is exposed to can have an impact on health. The social interactions of the people also influence their health (CDHN). The model deals with the alleviation of the health condition of the individual. The model helps to bring down the rate of deaths and early death. The physician will study the various pathological aspects of diabetes and the organs that it is involving. This includes the heart, kidneys, brain, liver and blood vessels as well as the extremities of the body. The model would help the person from his or health condition by considering the social determinants of health. The doctor will make an analysis of the genetic linkage of the disease as well as the intake of sugar in the diet of the person. If the person is overweight the doctor will make an analysis of the income of the patient and the dietary habits. Disadvantage: The doctor can do little or nothing about the health condition of the patient if irreversible damage has been done. However the patient can be advised on the management of the health condition. The physician makes an assessment of what is wrong with the body and accordingly fixes that part of the individual. In the case of heart disease, it is the heart that is the most affected. Other organs maybe affected as a consequence the inability of the heart to pump correctly. For instance, inability of the heart to achieve a normal stroke output can result in pooling of blood in the ventricles, and subsequently the atria. If blood pools up in the left atrium, it

Delivery and Quality in Bar and Restaurant Essay

Delivery and Quality in Bar and Restaurant - Essay Example According to the discussion  DINESERV was redefined from SERVQUAL after Stevens, Knutson and Patton adapted it the tool to the restaurant industry using their acquired experience and knowledge of drafting the LODGSERV. The scholars thus went ahead to use the tool to measure consumer customer’s expectations concerning the quality of service they received in three segments of restaurants vis-à  -vis, casual, fine dining and quick service. They identified the service quality dimensions that were almost similar to those of SERVQUAL except that their order of preference and importance was different. According to DINESERV, the five dimensions of quality services were as follows; reliability, tangibles, assurance, responsiveness, and empathy. The five dimensions were to measure and examine the level of perceptions and expectations in relation to restaurant services such as fine dining restaurants and airport food services.From this paper it is clear that a  research done in Zagr eb city in Croatia using the DINESERV in restaurants revealed that customers` expectations are higher than their perceptions. In this research, a number of questionnaires were distributed to 12 restaurants in the city where the restaurant`s staff helped in distributing the questionnaires to the customers who participated in the study. The data was analysed using the SPSS while the descriptive method was used data to analyse the demographic profiles of respondents and the evaluation of their expectations and perceptions.

Sodium acetate Essay Example for Free

Sodium acetate Essay Claim: Relatively pure isoamyl acetate was isolated by elimination reaction as compared to the SN2 reaction. Evidence1: A flask containing isoamyl bromide (6 ml, 0. 050 mole) and potassium acetate (6 g, 0. 05 mole) in 10 ml of dimethyl formamide was positioned in a steam bath and then mounted on a magnetic stirrer. The mixture was heated and magnetically stirred simultaneously for two hours. A white precipitate was found at the bottom of the solution. The mixture was set to cool and 15 ml of cool water was then added to the mixture. The entire precipitate dissolved in the mixture and the content of the flask now got transformed into a clear colorless solution. The mixture was then washed with 15 ml of ether. The lower, aqueous layer in the flask was drawn off and the ethereal was again washed by 5 ml of water. The ethereal was then dried using magnesium sulfate and the ethereal was then gravity filtered. The ether was completely removed by simple distillation1 using steam as a source of heat. The residual crude isoamyl acetate was isolated by simple distillation using a flame as a heat source. Isoamyl acetate; 4. 721 g, 36. 3 mmole, 72. 6 % recovery, B. p= 137? C – 142? C (lit=142? C2). The isoamyl acetate was then tested by infrared spectroscopy (IR spectroscopy); C-H stretch: below 3000 cm, C=O stretch: 1750 cm, C-O stretch: 1250 cm (Appendix 1, 2) Discussion: Isoamly acetate was isolated by SN2 nucleophilic substitution method. It was observed that the Nucleophile, acetate ion directly displaced the bromide ion by substitution. The experiment used potassium acetate rather than sodium acetate. Potassium is larger and less dense than sodium so that the acetate ions more readily take part in the reaction. DMF, a polar aprotic solvent, was used to destabilize the nucleophile that catalyzes the reaction by lowering energy. After the mixture was cooled, water was added to the mixture in order to avert a reverse reaction. The mixture was washed with ether in order to maximize the yield of the produce by the process of dehydration. Any presence of water would cause the reverse reaction, thus minimizing the yield. isoamly acetate was also isolated by elimination reaction, technically termed as fisher esterification. The fisher esterification was favored over SN2 reaction in this experiment. A flame was used as a heat source in the elimination reaction while a steam was used as a heat source in the Sn2 reaction. At higher temperatures, molecules acquire enough energy to climb the energy barrier. This barrier level will be too high to cross at lower temperatures.

Qualities required to be a Competent Change Agent

Qualities required to be a Competent Change Agent Change agents are leaders who cut across the organization and its business units without regard to the traditional hierarchy. Directly or indirectly, they implement new processes, train employees on new procedures, and act as role models to demonstrate new and better ways to work. A Change Agent is the direct liaison between the technical project team members and the end users [Gardner, J. W. (1991)]. The Change Agent understands the new business process being implemented and understands the impact of that process to the business. The role of an change agent is very important in an organization as it is not an easy task to manage a change in an organization. When there is any question arise to change in the organization that means that its need to make a change in a designed and organize fashion. It could be said with the situation of an IT project it has to change the edition of the project and also this edition should be managed properly. A change in the organization or the project could be started within the company or also may be from outside source. [Gardner, J. W. (1994)]. As an example, there is a product which is very popular among the people. But there need a change in the design of this product. [Budd, R. W., Thorp, R. K., Donohew, L. (1997)]. This is the example where there is a change initiate within the company. At this moment the main concern about this product is that how will the company respond to this change. This type of change is managed by the change management within the organization. Im mediate and as well as positive responses to this changes could be possible within the organization. Change agent: A change agent is a person whose presence or thought processes cause a change from the traditional way of handling or thinking about a problem [Jakobson, R. (1990).]. Management consultants are often hired as change agents for corporate organization development retreats. Role of a change agent: There are some roles that could be performed by the change agent. Those roles are as follows: The change agent should develop a definite change goal: By diagnosing, a change agent should find out the real issues in the organization and propose the exact and clear goal. By analyzing he or she will begin the following task: There may be some barrier to get the expected result of the organization and that should be found out. The organization should have ability to make the desired change and this should short out by the change agent. The expected future of the organization.   The real situation of the organization in the running time. The opportunities of the changes that are appear in the organization. There are specific target and dreams of the main stakeholders within the organization. To make a change, the change agent should also find those. There are some values of the organization. The problems and the issues which are presented in the organization.   Every organization have some future strategy that how will they operate the organization in next few years. The change agent should also take those in account. There may be some changes which may be occurred by the external environment there is some impact for this change in the organization and as well as the consumers. By applying those change agent could able to determine that which type of changes are necessary with in the organization. The change agent as a facilitator: The most difficult part of a change agent to make everyone involved in the process of change and make them dedicated to the necessary actions. The change agent should get himself concerned with [Budd, R. W., Thorp, R. K., Donohew, L. (1997)]: Identifying the key stakeholders of the change. Involving these stakeholders in the diagnostic process. This means helping them to achieve consensus on the changes the organisation needs to make. When done in a participative process, this helps create ownership for change. Helping the stakeholders to set clear goals for their change process. Educating these stakeholders about the changes they want to make and helping them to understand how the changes theyve selected will impact on the rest of the organisation. (systems thinking.) Helping the stakeholders to understand how these changes will benefit the company, their division and themselves. This in turn builds commitment to the change. Helping the stakeholders understand the costs of these changes to the company, their division and to themselves personally. the designer Designing a change process that will achieve specific change goals, is a creative process. This involves: Observing all the change tools and interventions that are available. Selecting those specific change tools and discoveries that will help the organization to achieve its change objectives. Creating additional activities and interventions to fill any gaps. Reviewing that each intervention supports every other intervention, and that all interventions support the companys values, strategies and plans. Arranging and integrating these interventions into one simple, seamless, step by step process. Deciding on the roles that need to be played to support the process. The project manager ..Many different roles are required for a change process to work. Often a change agent will play the role of a project manager and co-ordinate the activities of the different role players. Typical roles in a change process include [Jakobson, R. (1990).]: A change steering committee. The CEO of the company. The executive team. Regional coordinators (in large scale changes). External consultants. Internal consultants. Middle managers. Departmental or divisional change agents. Communications coordinators. Change web designers. Marketing professionals. Individuals within the company. The educator Those involved in managing the change, and those who will be affected by the change, often are surprised by their feelings when confronted by change. Resistance, frustration and confusion of common emotions associated by change [David, F. R. (1994)]. To teach the people about what types of changes are expected in the organization is one of the main duty of the change agent. Those tasks are as follows: They need to know that how can those types of emotions could be overcame also they have know the others feelings about this changes. The mental situation people will face when they need to walk under the process of changes. A change should know the way of overcoming the resistance and they should also help others to do that. A change agent should be creative to do his / her duty. They have to make a change process funny and there should be excitement within the changes. A change agent should help others to grow those feelings with them. So that they should not be scared about the change. A change must face the resistance and a change agent needs to overcome those resistances. Tools for making your change process successful. A change agent should have necessary tactics to make a change process successful. The change agent as a marketer: Sometimes they find it out that this change is only beneficial to the company but not for own self to develop his / her career. They think that this type of change is the additional work for them. The change agent who have enough skill to create the belief among the employee that the change is necessary for the organization and also for themselves [David, F. R. (1994)]. The employee of the organization will get the feelings that change is worthwhile and enjoyable for them. They will take the change as the chance to develop their skills and also the opportunities to learn some new skills. This is the option to the employee to grow their visibility in the organization. They will find the change as the experience of adventure where everyone will find out their personal skills. To do this a change agent has to apply some marketing technique within the organization. Those are as follows: [Gardner, J. W. (1991)]: The change agent should make the proper publicity among the employees. There should be an environment of contest within the organization. A change agent should get the help of various media as example theatre.   There should be some prizes based on the theme of change. There should be some reward and honor for those who participate in the process of change. The successful participators will treated as a role character in the organization. Change agent as an Inspiration agent: A change agent should help others to participate in the chage [Hanakawa, S. I. (1996)]: A change agent should help everyone to find out the skills they have in them. Everyone have the dream of the private magnitude. A change agent should help them to get this. A change agent should give courage to everyone to take the risks to make a change. That should be their magical power of making change. A change agent should help individual to get out from the resistance to change and make them successful. Everyones success how much small that may be, should be celebrated. A change agent should encourage others. There may be resistance to changes. A change agent should find out the systems in a creative way.   A change agent should recognize the obstacle that need to change the whole system. A change agent should identify the success and he / she should share with other employee in the organization to encourage them. Qualities required to become a complete change agent: A good agent should have the correct attitude to the resistance. They should have sufficient knowledge to make the changes. The correct approach towards the changes: Its not easy to make change. Its need to have good power of keeping own self patience with the changes. The change process is mix with the emotion of annoying and disappointed. A change agent should be determined to get out from those types of situation. A change agent should be faithful towards the change and they should have positive behavior with the projects. They have the necessary skills and knowledge to take the necessary steps to make a change successful. Mainly the resistance to the change came from the senior management of an organization. They have behaved sensitively to get the support from the senior management. A change agent need to make agreement with everyone in the organization and these types of deals mostly happened with the staffs who are senior in the organization. So a change agent has to behave tactfully with them because if they do not agree with the changes then the project becomes failed. A change agent should have also political knowledge. This is important because a change agent then able to know any types of ongoing circumstances within the organization carefully. Proper awareness about the change: In the sense of the business a change agent must be aware with the current situation of the business and a change agent should have sufficient knowledge in the field of business too. A change agent should have also the managerial skills. Not only this but also a change agent should have knowledge about the economic situation of the organization that means from where those funds come and how it is expend. They should make it sure that there should be minimum expenditure to bring the changes. A change agent should also aware with the consumer of the organization or the business and those who are closely related with the organization externally and the internally too. A good relation with the employee of the organization is necessary to make the changes successfully so, a change agent should make a good understanding with all the employee of the organization. The important skills of a change agent: To handle the situation under the stress a change agent should be expert enough. A change agent must be able to take care of such a condition successfully. A change agent should have good practical skills and they should able to understand the causes of such type of situation. A change agent should know the definite goal of the organization and they will work towards those goals and help everyone to reach that goal effectively. They should able to take all the pressures. They also need to be able to relate to the resistance of others, study it and make necessary changes if found valid. Communication skills are highly relevant in overcoming resistance. They should have also the following qualities: Common sense. And the courage to use it. Credibility and trust the ability to work at all levels in the organisation. Knowledge of change management. The ability to work with teams of people both inside and outside the organisation. This includes the ability to work with people across all departments.   The ability to do very unstructured work. Creativity. The ability to custom design processes to meet the goals of the organisation. Self confidence balanced by humility.   Facilitation skills Design skills. Coaching skills.   A love of innovation and new ways of doing things. A sense of humor and a sense of fun. A spirit of caring. The ability to inspire people. To bring out the magic within every individual and every team How to overcome the resistance as a change agent: To take advantage of resistance, a whole-system view is required as well as an appreciation for the interconnectedness of diverse symptoms and true root-cause problems. The Theory of Constraints (TOC) and the Thinking Processes that are part of the TOC body of knowledge provide just such a view and a set of powerful tools that can be used to not only address resistance but also use it to enhance the solution beyond the original concept. The TOC Thinking Processes are logical thinking and communication tools which, while they can be used in standalone situations, together form a coherent problem-solving and change management process. Their generic purpose is to translate intuition into a format that can be discussed rationally, questioned without offense, and modified to more fully reflect the understanding of a situation. They are used for the construction of solutions to problems as well as to facilitate communication, collaboration, and consensus among those that must be involved in its resolution. Conclusion: Change is much more than simply the vision thing. Implementing change is inter-related to scanning the environment, making an estimate of the situation, determining what direction the organization needs to take, knowing what the culture of the organization is, how to leverage that culture to help with change, and deciding what actions need to be taken to make the change. Effectively implementing change also is directly related to the leadership style of the organizations top leaders. Also, as one move through the decision making process, trying to assess the need for change, make sure you ask the questions about opportunity costs. It is important to assess the costs of change as well as the cost of not changing. A change process is nothing but a condition when its need to solve it. A change may be need because there may be a problem occurred in the organization. A change agent need to aware about the situation and they should help it out to solve the problem. It is their responsibility to make everything in under control in the organization. A successful change agent is he / she who can do it. A change process can be seen as a leaving the present state and entering to a new state through some organized process.

Comparison Of Bottled Water Ads :: Bottled Water Advertising

The product line that was chosen was Water. There are numerous brands that have been developed in the field of water, hence leading to tough competition. But out of the various brands namely Masafi, Gulfa, Oasis, Hatta and Evian. The one with the highest market share was found to be Masafi. Below is the detailed description of each ad in the respective media's and the appeal created by it:- A.  Ã‚  Ã‚  Ã‚  Ã‚  Newspapers and Magazines- 1)  Ã‚  Ã‚  Ã‚  Ã‚  Brand- MASAFI Ad Description- Masafi resorts to an attractive full-page advertisement. Masafi has always provided products, which reflect the consumers aspirations, trends and increasingly health-conscious demands. The Masafi ad in the newspaper and magazine focuses on the purity of the water and states the reason for the consumer to purchase the best, that is Masafi. To begin with, the ad is pictured on a desert where a cheerful girl is shown through an enlarged glass of water. This illustrates both the clarity of the picture and the purity of the water. In addition to this, the ad further symbolizes that just as a child is pure and serene, the same goes for the water, which is so pure that even a girl standing behind it can be seen through it. The ad states that Masafi is 'Clearly Outstanding' in comparison to the others. On interviewing the customers they mentioned that the ad created a positive emotional appeal. It also mentions that Masafi helps one perform its best both physically and mentally. For these reasons the advertisement motivates the people to buy Masafi. 2)  Ã‚  Ã‚  Ã‚  Ã‚  Brand- GULFA Ad Description-   Ã‚  Ã‚  Ã‚  Ã‚  The Gulfa ad focuses on the water, which is collected, from the springs. The ad shows the Gulfa bottle behind which are a few rocks through which water is flowing.   Ã‚  Ã‚  Ã‚  Ã‚  The Masafi ad focuses on the desert and a girl whereas the Gulfa ad emphasizes on the rocks and mountains from which the water is obtained. The ad states 'Our Production line in full swing' which refers to the fact that just as the water is continuously flowing from the springs, so is the production of Gulfa. The purity of the water can be ascertained as the ad states that it is produced by nature and bottled by Gulfa.   Ã‚  Ã‚  Ã‚  Ã‚  According to the viewers this ad creates a rational appeal among the people because it gives them information about the product. It mentions that the P.E.T. bottle is used which motivates the customer to buy the product as it is crushable and does not harm the ecological balance. Comparison Of Bottled Water Ads :: Bottled Water Advertising The product line that was chosen was Water. There are numerous brands that have been developed in the field of water, hence leading to tough competition. But out of the various brands namely Masafi, Gulfa, Oasis, Hatta and Evian. The one with the highest market share was found to be Masafi. Below is the detailed description of each ad in the respective media's and the appeal created by it:- A.  Ã‚  Ã‚  Ã‚  Ã‚  Newspapers and Magazines- 1)  Ã‚  Ã‚  Ã‚  Ã‚  Brand- MASAFI Ad Description- Masafi resorts to an attractive full-page advertisement. Masafi has always provided products, which reflect the consumers aspirations, trends and increasingly health-conscious demands. The Masafi ad in the newspaper and magazine focuses on the purity of the water and states the reason for the consumer to purchase the best, that is Masafi. To begin with, the ad is pictured on a desert where a cheerful girl is shown through an enlarged glass of water. This illustrates both the clarity of the picture and the purity of the water. In addition to this, the ad further symbolizes that just as a child is pure and serene, the same goes for the water, which is so pure that even a girl standing behind it can be seen through it. The ad states that Masafi is 'Clearly Outstanding' in comparison to the others. On interviewing the customers they mentioned that the ad created a positive emotional appeal. It also mentions that Masafi helps one perform its best both physically and mentally. For these reasons the advertisement motivates the people to buy Masafi. 2)  Ã‚  Ã‚  Ã‚  Ã‚  Brand- GULFA Ad Description-   Ã‚  Ã‚  Ã‚  Ã‚  The Gulfa ad focuses on the water, which is collected, from the springs. The ad shows the Gulfa bottle behind which are a few rocks through which water is flowing.   Ã‚  Ã‚  Ã‚  Ã‚  The Masafi ad focuses on the desert and a girl whereas the Gulfa ad emphasizes on the rocks and mountains from which the water is obtained. The ad states 'Our Production line in full swing' which refers to the fact that just as the water is continuously flowing from the springs, so is the production of Gulfa. The purity of the water can be ascertained as the ad states that it is produced by nature and bottled by Gulfa.   Ã‚  Ã‚  Ã‚  Ã‚  According to the viewers this ad creates a rational appeal among the people because it gives them information about the product. It mentions that the P.E.T. bottle is used which motivates the customer to buy the product as it is crushable and does not harm the ecological balance.

Great Gatsby :: essays papers

Great Gatsby The great gatsby and the fall of the american dream. The book 'The Great Gatsby' by F. Scott Fitzgerald was an 'icon of its time.' The book discusses topics that were important, controversial and interesting back in 1920's America. The novel is 'an exploration of the American Dream as it exists in a corrupt period of history.' The main themes in the book are the decay of morals and values and the frustration of a 'modern' society. The Great Gatsby describes the decay of the American Dream and the want for money and materialism. This novel also describes the gap between the rich and the poor (Gatsby and the Wilsons, West Egg and the Valley of the Ashes) by comparing the differences between the Western United States (traditional western culture) and the Eastern United States (money obsessed values). On a smaller scale this could be seen as the difference between the West Egg (the 'new, money) and the East egg (the 'old' money). The 1920's were a time of corruption and the degradation of moral values for the United States and many other countries. World War One had just ended and people were reveling in the materialism that came with the end of it, new mass produced commodities such as motor cars and radios were filling people's driveways and houses, money was more accessible (before the Great Depression). Cars were becoming a social symbol in the 1920s as we can see with Gatsby's five cars, one of which he gives to Nick and one of which kills Myrtle Wilson later on in the novel. Herbert Hoover (an American President) said in 1925 "We will root out poverty and put two cars in every garage." The parties that Gatsby held every week in the summer were a symbol of the carelessness of the time. Gatsby would hide in the house while the 'guests', most of whom were not even invited, would party, eat and drink until the early hours of the morning without even meeting the guest or even knowing who he was. People would turn up just to be seen or reported in the local newspapers "In his blue garden people came and went like moths among the whisperings and the champagne." This shows the carelessness of the guests. Another quote about the parties refers to the way the guests devour the endless supply of food and never give a thought as to who gave it to them. "Every Friday five crates of oranges and Lemons arrived from a fruiterer In New York- Every Monday these same oranges

Othello: its Themes Essay -- Othello essays

Othello: its Themes  Ã‚        Ã‚  Ã‚   In the Shakespearean tragedy Othello how many themes are there? And which ones predominate. This paper seeks to elucidate the reader on this subject.    In her book, Everybody’s Shakespeare: Reflections Chiefly on the Tragedies, Maynard Mack comments on the seeming predominance of the theme of loss in the drama:    In any event, what comes to us most forcefully from the stage in Othello is not mystery but the agony of loss, loss all the more tragic, in some instances, for not being inevitable. Brabantio loses (in every sense) his much-loved only child and eventually dies of grief. Cassio in a drunken moment loses his soldier’s discipline, then his lieutenancy and his cherished comradeship with Othello. Othello, in turn, losing under Iago’s tuition his ability to distinguish the individual woman he married from the standard cynical stereotype, abandons with it all pride in his profession together with the self-command that made him the man he was. And Desdemona, through no real fault of her own, loses the magical handkerchief. (131)    The theme of loss, however, is not the theme on which the play opens. Lily B. Campbell in Shakespeare’s Tragic Heroes indicates that hate is the theme on which this play opens:    It is then on a theme of hate that the play opens. It is a hate of inveterate anger. It is a hate that is bound up with envy. Othello has preferred to be his lieutenant a military theorist, one Michael Cassio, over the experienced soldier Iago, to whom has fallen instead the post of â€Å"his Moorship’s ancient†. Roderigo questions Iago:    Thou told’st me thou didst hold him in thy hate.    And the reply is a torrent of proof of the hatred for Othello... ... Ferguson, Francis. â€Å"Two Worldviews Echo Each Other.† Readings on The Tragedies. Ed. Clarice Swisher. San Diego: Greenhaven Press, 1996. Reprint from Shakespeare: The Pattern in His Carpet. N.p.: n.p., 1970.    Gardner, Helen. â€Å"Othello: A Tragedy of Beauty and Fortune.† Readings on The Tragedies. Ed. Clarice Swisher. San Diego: Greenhaven Press, 1996. Reprint from â€Å"The Noble Moor.† British Academy Lectures, no. 9, 1955.    Jorgensen, Paul A. William Shakespeare: The Tragedies. Boston: Twayne Publishers, 1985.    Mack, Maynard. Everybody’s Shakespeare: Reflections Chiefly on the Tragedies. Lincoln, NB: University of Nebraska Press, 1993.    Shakespeare, William. Othello. In The Electric Shakespeare. Princeton University. 1996. http://www.eiu.edu/~multilit/studyabroad/othello/othello_all.html No line nos.                  

History of Music Essay

I. Introduction Music—sounds arranged into meaningful— expressive patterns. The composing and playing of music is both a science and an art. Musicology is the study of music as a field of knowledge, with emphasis on history and theory. The raw materials of any kind of music are certain characteristics of sound—pitch (highness or lowness), timbre (tone color), intensity (loudness), and duration. These raw materials are organized by means of the basic elements of rhythm (the pulse, or beat), melody (the tune), and harmony (the blending of tones). Music is often called the universal language because its meaning and appeal are largely the same for people everywhere. It has almost limitless variety. Music can express the widest range of human experience and feeling—joy, and grief, love and hate, amusement and reverence. It may be vocal or instrumental, and may be performed by soloist or by orchestra, band, or chorus. Moreover, Jazz is a form of music that developed in the United States between 1900 and 1915. The origin of the word is uncertain. The music was created originally by the American Negro, but within 40 years it was being performed and created by people of every national and racial background. By the 1940’s no phase of contemporary American music, serious as well as popular, remained untouched by jazz. Jazz bands, magazines, and festivals are found in Japan, in South America, in North Africa, and throughout Europe (O’Meally, 2002). Jazz is difficult to define, and not even jazz musicians and critics agree on a definition. It is a performer’s art, a way of playing. Jazz cannot be written down to show the precise manner in which it is played. It is most accurately preserved not in published scores but on phonograph records. This paper discusses a brief history of the development of some â€Å"mechanical† aspects of music such as musical styles, particular instruments, the recording industry, growth of jazz, etc. II. Discussion A. The Nature of jazz Rhythm. The infectious, compelling rhythms of jazz are based mainly on the 4/4 march tempo. In conventional music, the first and third beats of a four-beat measure are accented. In jazz, however, the second and fourth are accented, producing a syncopated rhythm.   Additional complex contrasting rhythms are built upon the simultaneous use of another form of syncopation in which a tone is held through a beat stringer than the one in which it began. Underlying these multiple rhythms is a regularly accented basic rhythm called â€Å"the beat,† or â€Å"swing†Ã¢â‚¬â€a pulsating, rhythmic feeling that is hard to define and cannot be represented in writing by notes (Lopes, 2002). Improvisation is the composing of music while in actual performance without previous rehearsal. It is a basic element of jazz. The improvising musician may compose a new theme, or melody, or may create new variations and patterns on an existing melody. While one member of a band develops a theme another will expand it. Each musician in the band adds something of his own and several musicians improvise on the same theme at the same time. Jazz is not entirely improvisational, however. Although jazz cannot be notated exactly, much of it is written down, or arranged.   Some passages are left unwritten for solo improvisation. This improvisation and the overall rhythmic interpretation of the music make an arranged piece into jazz (Jones, 2000). Instruments. Another characteristic of jazz is the way musical instruments are played. Brass instruments, such as the trumpet, often take on the tone colors of a singing or speaking voice. Mutes are used to give different sounds to the trumpet, trombone, and other instruments. The rhythm section of a jazz band is not limited to drums. The piano, guitar, and string bass are also used as percussive instruments (Jones, 2000). B. History of Jazz A blending of African and European musical traditions, jazz goes back many years. Revival hymns of the Western frontier, Negro work songs, and minstrel shows are among its many sources. From them came the blues and ragtime. The blues, a vocal music, developed in rural areas; ragtime, a piano music, developed in the cities. After the Civil War many blacks began playing brass-band instruments, and brass marching bands developed. Blues, ragtime, and brass-band music, by the end of the 19th century, blended into a music that today would be classified as jazz. While no one city can be called the birth-place of jazz, New Orleans was one of the most colorful centers of early jazz (Jones, 2000). New Orleans. Around 1898 a brass band led by the cornetist Buddy Bolden played what would probably be recognized as jazz. Bolden’s band, Kid Ory’s Creole Band, and others marched in parades, played for funerals, weddings, and dances, and performed while riding in advertising wagons. These early bands consisted of one or two cornets, a clarinet, a banjo, and drums. About 1910 the bands began playing in the brothels and gambling houses of the notorious Storyville section in New Orleans (Jones, 2000). Dixieland. Many white musicians, influenced by the Negro bands, organized their own bands. Jack â€Å"Papa† Laine, with his Ragtime Band and his Reliance Brass Band, was one of the first white jazzmen. The musicians in these bands read music, and all their pieces were written out. Although they could not capture the bittersweet mood of the blues, they played an orchestral type of ragtime that was later called Dixieland (Benford, 2004). The Jazz Age. In 1917, the federal government closed down Storyville. King Oliver, Jelly Roll Morton, Louis Armstrong, Sidney Bechet, and other New Orleans-born musicians went North and helped spread jazz across the country. By the early 1920’s, the center of jazz had shifted to Chicago, where it flourished in dance halls and speakeasies. Eddie Condon, Gene Krupa, and other Chicago musicians played an intense, driving variation of Dixieland that became known as â€Å"Chicago style† (Benford, 2004). During the Jazz Age, jazz bands became larger, the saxophone was added, and new jazz styles evolved. Virtuoso soloists and new jazz styles evolved. Virtuoso soloists, such as Louis Armstrong and Bix Beiderbecke, became more important as the improvised breaks grew longer. Ma Rainey, Bessie Smith, and other blues singers performed and recorded with jazz bands (Lopes, 2002). III. Conclusion Jazz, however, was not yet considered respectable, mainly because of the places in which it was played. The general public heard, instead of true jazz, carefully rehearsed arrangements of jazz-like pieces. Paul Whiteman, called the â€Å"King of Jazz,† was a pioneer in such music. Furthermore, modern jazz is not a single movement or school. Various schools with distinctive styles have developed (Lopes, 2002). Jazz continued undergoing many changes in the 1970’s. Herbie Hancock and Chick Corea helped popularize jazz-fusion (or jazz-rock), a style that uses electronic synthesizers and electronically amplified instruments.

National Bank Essay

A research program is very important & essential for acquiring experience through learning and spreading the scope of Knowledge. I have done my research program in National Bank Limited, Foreign Exchange Branch. This research report is aimed at providing a comprehensive picture to the areas of Foreign Exchange operation of National Bank Limited. The report has been divided into twelve parts. These are- Introduction, Brief History of Banking Sector of Bangladesh, Corporate review of NBL, Foreign Exchange, Documents Used in Foreign Exchange Business, Letter of Credit (L/C), Import, Export, Foreign Remittance, Findings and Analysis, References. National Bank Limited is one of the largest commercial Bank of Bangladesh. The main objective of the Bank is to provide all of banking services at the doorsteps of the people. The Bank also participates in various social and development programs and takes part in implementation of various policies and promises made by the Government. National Bank Limited plays a pioneering role in handling foreign trade and foreign exchange transactions. With wide network of branches at home and a large number of correspondent banks worldwide, it is handling the largest volume of export-import business including homebound remittances. For this reason, Foreign Exchange of the Bank is very much essential. But now a day’s banking sector of Bangladesh is suffering the disease of default culture which is the consequence or result of bad performance of most banks. There are three types of modes of foreign exchange market, which are- Export Financing, Import Financing and Foreign Remittance. Foreign Exchange Branch does these foreign exchange activities vastly. In this report, I mention the overall operating procedure of foreign exchange transaction of National Bank Limited. I also mention the findings of my report and describe the recommendation to overcome the limitation. I have taken all the reasonable care to ensure the accuracy and quality to make the report standard. And I believe that it has included all the necessary information to be relevant. INTRODUCTIOIN ORIGIN OF THE REPORT As a mandatory part the BBA Program, all the students of the faculty of  Business Studies, Premier University, Chittagong have to undergo a three month long research program with an objective of gaining practical knowledge about current business world. After this research program each and every students have to submit a research report mentioning their activities during the research program. I’ve started my research at the National Bank Limited, Foreign Exchange Branch. At the end of the research program I am submitting my research report focusing on the contribution of Foreign Exchange operation to the overall performance of bank especially on profitability perspective under the supervision of Tasnim Uddin Chowdhury, Lecturer, Department of Finance, in Premier University, Chittagong. OBJECTIVES OF THE STUDY The general objective of the study is to gather practical knowledge regarding banking system and operation. The research gives us a chance to relate the four year long theoretical learning of BBA Program with the reserch experience. This consists the following: To get an overall idea about the Foreign exchange Business of National Bank Limited. To apply theoretical knowledge in the practical field. To describe the organizational structure, management, background, functions and objectives of the bank and its contribution to the national economy. To achieve overall understanding of National Bank Limited. To analyze the financing systems of the bank to find out any contributing field. To examine the profitability and productivity of the bank. To acquire knowledge about the everyday banking operation of National Bank Limited. To evaluate the effect of world recession on foreign exchange income of NBL, Foreign Exchange Branch. To understand the real management situation and try to recommend for improving existing problems. SCOPE OF THE STUDY This study provides those scopes of knowing are the following: History and performance of National Bank Limited. Terms used in foreign exchange operations Foreign exchange operations of National Bank Limited Literature review. Total concept of Foreign Exchange Operation. METHODOLOGY OF THE STUDY The report is prepared on the basic of foreign Exchange of National Bank Limited. To conduct the overall study, at first I explored the sources of Primary and Secondary information and data. Different files of the department and statement prepared by FED helped me to prepare this report. To present numerical data, I used the Annual Report of 2008 and monthly statement of January to October 2009 of National Bank Limited, Foreign Exchange Branch. For preparing this report I have used some graphical representation to find out different types of analytical and interpretation. SOURCES OF DATA As mentioned earlier, mainly primary and secondary data has been used. Sometimes the customers gave some important information regarding the services of the Bank: PRIMARY DATA Official records of National Bank Limited (NBL).. Expert opinion. SECONDARY DATA Monthly Statement of NBL. Annual Report of NBL. Official Files. Selected books. Other manual information. Websites. Various publications on the Bangladesh Bank. Newspaper reports in this concern. DATA ANALYSIS AND INTERPRETATION Both quantitative and qualitative analysis will be performed on the findings. The quantitative analysis will be done on the trend of export- import, growth pattern of export-import, pre and post facilities provided for easing the export-import operations. Qualitative analyses will be based on the macroeconomic variables and foreign exchange policy provided by Bangladesh bank, the central bank of Bangladesh. Different statistical tools will be used for the analysis of the findings. LIMITATIONS OF THE STUDY To provide current information and to make the report read-worthy, support from various sources is essential. In spite of having my wholehearted effort, I could not collect some information required at the time of the study. So this study is not free from the following limitation: Due to unavailability of latest annual report (Annual report 2009), I have to prepare the report on the basis of annual report 2008. As a result, analysis, presentation of data may not show the existing position/present condition of National Bank Limited. For the whole research I had only 90 days, out of which I get 61 days because of late commencement of research program, which were totally insufficient. So I faced time shortage extremely. Lack of previous experience to prepare this type of report and it is totally new to me as an intern. Foreign exchange division follows Uniform Customs and Practice for Documentary Credits (UCPDC), but within this short period, I was totally stunned to understand. Learning all the banking functions within just two months was really difficult. Sometimes the officers of National Bank Limited were very busy. For this reason the personal did not co-operate me. National Bank Limited did not give me any kind of monetary support for this research program Most of the working days in NBL, I have to work in cash department to help in IPO subscription collection, so I get limited time work in other departments to have practical knowledge Another limitation of  this report is Bank’s policy of not disclosing some data and information for obvious reason, which could be very much helpful. BRIEF HITORY OF BANKING SECTOR OF BD EVOLUTION OF THE WORD ‘BANK’ The word bank originated from Italian word â€Å"Banca†. Banca means long tool. In ancient time Italian Jews merchant used to do business of lending money by sitting on the tools. It is assumed that the word â€Å"bank† derived from the word Banca. To meet the expense of war of 1171 one type credit certificate was launched in Italy at an interest rate of 5% it was called as Monte in Italian language and Bank in German language then German language was widely used in Italy. As a result the word Bank gradually changed to the word Banca from which the word Bank originated. THE EMERGENCE OF MODERN BANKING The linguistics and etymologists suggests an interesting story about banking origins. Both the old French word â€Å"Banque† and the Italian word Banca were used centuries ago to mean a bench or moneychangers table. This describes quite well what historians have observed concerning the first bankers, who lived more than 2000 years ago. They were money changers, situated usually at table or in a small shop in the commercial district, aiding travelers who came to town by exchanging foreign coins for local money or discounting commercial notes for a fee in order to supply merchants with working capital. The first bankers probably used their own capital to fund their activities, but it was not long before the idea of attracting deposit and securing temporary loans from wealthy customers became a source of bank funding. Loans were then made to merchant’s shippers and landowners at rates of interests low as 6 percent per annum to as high as 48 percent a month for the riskiest ventures. Most of the early bank was Greek in origin. The banking industry gradually spread outward from the classical civilizations of Greece and Rome into northern and western Europe. The early bank in Europe was places for safe keeping of valuable items (such as gold and  silver bullion) as people came to fear loss of their asset due to war, theft, or expropriation by government. When colonies were established in North and South America, old world banking practice were transferred . DEVELOPMENT OF BANKING IN BANGLADESH Since early British rule, the history of banking in Bangladesh territory shows that the traditional trade-networks developed before the banks invaded rural areas. And the banking services have slowly flourished in Bangladesh territory. Even today, in many places, moneylenders provide credit services. Small shopkeepers and businessman use informal credit at high interest rate. Traditional mahjong’s money lending business gradually declined due to expansion of bank and the micro credit programs of NGOs, cooperative banks and government agencies. PUBLIC SECTOR BANKS During the liberation war in 1971, the economic, political, and social system including the banking system was severally damaged. At that time, all big and medium financial institutions except two small banks had their head office in the West Pakistan. The non-beagle owners and managers of the financial establishments that operated in East Pakistan had abandoned them. After independence in 1971, the new government had to take over management and ownership of all such institutions. The banks Nationalization Order 1972 was issued to nationalize banks and financial institutions (except those incorporated abroad) in order to control chaos in the field of ownership, party bureaucracy, the intelligentsia, and pressure group. By several orders the government of Peoples Republic of Bangladesh created- Six nationalized commercial banks (NCBs): 1. Sonali Bank 2. Agrani Bank 3. Janata Bank 4. Rupali Bank 5. Pubali Bank 6. Uttra Bank One industrial bank (BSB) One agricultural bank (BKB) One industrial development financial institution (BSRS) The bank and financial institutions which originated during the Pakistan period and were merged, and renamed and functioning after independence of Bangladesh. In the year 1983, the government allowed private sector to participate in the banking business. The Publi Bank and the Uttara Bank were denationalized in 1985, due to non profitability. This action reduced the number of NCBs to four. Such restructuring of public sector banks was in order to play their role in industry, agriculture, export, self –employment etc. PRIVATE COMMERCIAL BANKS Taking advantage of the liberalization policy of the government regarding participation of private sector in the banking business, a number of private banks were established in –and –after 1983. With the emergence of private banks in Bangladesh, a competitive situation in the sector has been created. Now there are 48 commercial banks in Bangladesh which are enlisted with Bangladesh Bank, among them four (4) are NCBs, five (5) are specialized banks, twenty nine (29) are private commercial banks and ten (10) are foreign commercial banks. The emergence of private banks has added a new dimension to the banking system in Bangladesh. The private commercial banks show a steady growth in terms of number of branches, deposit and advances. CORPORATE REVIEW OF NATIONAL BANK History of National Bank Limited National Bank Limited has its prosperous past, glorious present, prospective future and under processing projects and activities. Established as the first private sector Bank fully owned by Bangladeshi entrepreneurs, NBL has been flourishing as the largest private sector bank with the passage of time after facing many stress and strain. The member of the board of directors is creative businessman and international economist. For rendering all modern  services, NBL, as a financial institution automated all it’s branches with computer network in accordance with the competitive commercial demand of time. Moreover, considering it’s forth- coming future the infrastructure of the Bank has been much more to NBL. Keeping the target in mind NBL has taken preparation branches by the wear 2000-2001. The emergence of National Bank Limited in the private sector is an important event in the banking area of Bangladesh. When the national was in the grip of severe recession, Govt. too k the farsighted decision to allow in the private sector to revive the economy of the country. Several dynamic entrepreneurs came forward for establishing a bank with a motto to revitalize the economy of the country. National Bank Limited was born as the first hundred percent Bangladesh owned Bank in the private sector. From the very inception it is the firm determination of National Bank Limited to play a vital role in the national economy. We are determined to bring back the long forgotten taste of banking services and flavors. We want to serve each one promptly and with a sense of dedication and dignity. The President of the People’s Republic of Bangladesh Justice Ahsanuddin Chowdhury inaugurated the bank formally on March 28, 1983 but the first branch at 48, Dilkusha Commercial Area, Dhaka started functioning on March 23, 1983. The 2nd Branch was opened on 11th May 1983 at Khatungonj, Chittagong. Today we have total 103 Branches all over Bangladesh. A representative office was established in Yangon, Myanmar in October, 1996 by our bank and obtained permission from t he government of Bangladesh to handle border trade with Myanmar .opportunities is being explored for further business avenues there. Now NBL is on line to establish trade and communication with the prime international banking companies of the world. As a result NBL will be able to build a strong root in international banking horizon .Bank has been drawing arrangement with well conversant money transfer service agency â€Å"Western union†. It has full time arrangement for speedy transfer of money all over the world. Banking is not only a profit – oriented commercial institution but it has a public bas and social commitment admitting this true NBL is going on with its diversified banking activities NBL introduced monthly Savings Scheme, special Deposit Scheme, and Consumers. Credit Scheme and savings Insurance scheme etc. To combine the people of lower and middle income group. A team of highly qualified and experiment professional headed by the managing Director of the  bank who has vast banking experience operates bank and at the top three is an efficient Board of Directors for making policies. Vision of National Bank Limited Establishing as a top grade efficient bank through best application of modern information technology and business activities, offering high standard client services and Proper coordination of foreign trade business in the core of their vision. Mission of national bank Limited With a view to achieving commercial objective of the bank, their sincere and all out efforts stay put unabated. Respected client and shareholders are attracted to us for our transparency, accountability, social communities, and high quality of clientele services. Objective of national Bank Limited Bring modern banking facilities to the doorsteps of general public through diversification of services, thereby arousing saving propensity among the people. Foreign a cordial, deep rooted and farm banker customer relationship by dispensing prompt and improved clientele services. Taking part in the development of the national economy through productive development of the banks resources as well as patronizing different social activities. Connecting clients to modern banking practices by the best application of improved information technology, so that they get encouraged to continue and feel proud of banking with NBL. Responding to the need of the time by participating in the syndicated large loan financing with like-minded banks of the country, thereby expanding the area of investment Elevating the image of the bank at home and abroad by sustained expansion of its activities. Strategies of National Bank Limited To manage and operate the bank in the most efficient manner to enhance financial performance and to control cost of fund. To strive for customer satisfaction through quality control and delivery of timely services. To identify customer credit and other banking needs and monitor their perception towards our performance in meeting those and update requirement. To review and update policies procedures and practices to enhance the ability to extend better services to customer. To train and develop all employs and provide them adequate resources so that customer needs can responsibility addressed. To promote organizational effectiveness by openly communicating company plans, policies, practices and procedures to all employers in a timely fashion To cultivate a working environment that fosters positive motivation for improved performance To diversify portfolio both in the retail and whole sale market. To increase direct contact with customer in order o cultivate a closer relationship Busin ess Goal To patronize, sponsor and encouraged games and sports, entertainment and other socio-economic activities alongside providing the best services to the client. The Future thrust Full duplex on-line Banking Introducing more innovative products and services Opening new branches Expansion of business network at home and abroad SMS Banking Introduction of new liability / Asset products Corporate Culture Employees of NBL share certain common values, which helps to create a NBL culture. The client comes first Search for professional excellence Openness to new ideas& new methods to encourage creativity Quick decision making Flexibility and prompt response A sense of professional ethics Growth and Development of NBL The NBL carries out all traditional functions, which a commercial bank performs such as mobilization of the deposit, investment of funds, financing export and import business, trade and commerce and industry. The banking sector in the country faced different problems thought the year. Even through the board and management never stopped its effort to maximize wealth, which is reflected by 143.97percent profit growth in 2007, highest ever in the last 15 years. The bank earned the 676.45 core revenue in 2007 as interest, income from investment and commission & exchange earning, which who Tk. 530:69 corer in the provision year. As a result the total operating profit rode to Tk. 221.51 corer in 2007 from Tk.114.68 corer in the previous year. Branches of NBL NBL, which was started at Dilkusha Branch on March 23rd, 1983, was the first major commercial Bank. In Bangladesh operating throughout the country as well as the age of the bank is only 25 years .During this period it has established total 112 branches over the country and made smooth network inside the country as well as thought the world. The number of branches as well as territory wise is mentioned in the table.

VOCATIONAL TRAINING IS A REMEDY FOR EMPLOYMENT SCARCITY

As the people of Sri Lanka soon we are go throughing the period with winning feeling and savoring the sugariness of autonomy and harmoniousness because of the peace. As a state every bit good as a state, all human being of this beautiful island suffered from difficult clip period. It is non merely war with the LTTE, but besides with some other Rebels get downing from 1971. All the people of state tasted the resentment of war for few decennaries. If person tries to unfasten and analyze the ground behind that, why state faced such an unfortunate clip period. There may be 1000s of grounds. Some of are really outstanding. But one chief ground is shadowing all of these outstanding header. That, they could non able to recognize their outlooks. Why they could non recognize their outlooks? The simplest reply is â€Å" Money † . Why I try to indicate it out. Each and every 1 has an aspiration when they start their life. It is comfy life. At present planetary scenario the make up one's minding factor is money. Money decides degrees of people, aspirations which can be made realistic. When the group of people missed their outlooks and aspirations those group is isolated from the community. Because they do n't hold any order over the community. They do non hold individuality. Then they try to re-establish their image by hook or criminal. The war shapers used their unrest to carry through their organisational ends. What is the most threaten and apt to expose to this class. School drop-outs are the chief group. Because they are equipped with the writhing immature bloods. 2. As a state we should halt it today non even tomorrow. If we unable to make it once more our state will lose 1000s of lives 1000000s of rupees and uncountable worth of freedom? What is the reply we can do as a authorities and authorising power. The authorities should clearly place the group of people which is exposing the unrestrained state of affairs. They should steer to the manner what they can recognize their aspirations. 3. The vocational preparation is the effectual and sustainable reply for it. Country should hold strategic degree program to heighten the vocational preparation. Still state is non enriched with the wealth of skill labour force. Not merely Sri Lanka but all over the universe accomplishment labor has good market value. As a state if we are able to turn to that, authorities will be able earn batch of foreign grosss other than directing as unskilled labors.Statement OF PROBLUM4. The statement of job can split to two major parts: a. Sociable Due to the big figure of school bead outs may do serious societal job. They are express high tendencies to fall in with underworld packs and other sort of armed pack such as Rebels and robbers and certain sick legal activities. B. Economic The immature age is equipped with more bravery and morale. As a state if non utilised younger coevals in right manner, it will lose most energetic valuable labor force. As a developing state it is really hard to bear up big sum of dependents.Chapter 2Aim1. General Objective. Analyze the best class of action and do suggestion to better career preparation sector. 2. Specific Objective. The specific aims of the paper are as follows. a. present status of vocational preparation and what are the countries have to better? b. why school dropouts are specially targeted? c. what is employment scarceness and vocational preparation.Hypothesis3. Bettering the vocational preparation in Sri Lanka will promote school drop-out to anticipate assorted occupation chances.DATA COLLECTION METHODS4. The information aggregation has planned through the ministry of young person intimacies and accomplishments development and The Vocational Training Authority of Sri Lanka and based on the documental beginnings including publications, shoping the Internet and non authorities organisation.Restriction5. The clip available to carry on this research will be merely less than 2 1/2 months. The length of the paper will be limited to about 5000 words, and it will non be possible to roll up informations from all the dependable beginnings.Chapter 3Methodology1. This survey will be based on documental beginnings such as authorities organisation, publications, Newspapers and Internet. It is intended to garner primary and secondary informations information as follows Primary Source The information aggregation will based on authorities organisations. Secondary Source The information aggregation will be based on publications, Newspaper articles and shoping the Internet.Chapter 4WHAT IS EMPLOYMENT SCARCITY AND VOCATIONAL Training1. Employment scarceness is defined as inaccessibility of employment chances. It is calculated as rate of unemployment. What are the grounds for the occupation scarceness? If it examine in closer position figure of grounds are behind it. But it can place few of outstanding grounds. The first 1 is economical ground. As a underdeveloped state, authorities can non offer occupation chance for each and every life been at the state. Even it can non offer for the developed state. Another factor is cultural and societal attitude of the people. The society is acknowledge some occupations are belongs to take down degree and some are higher degree. As an illustration most of people do non wish work as a husbandmans. Everybody attempt to acquire higher place. The people do non like to fall in as labors because they bel ieve it is non suited to their household degrees. Some of occupations are labelled to the relevant dramatis personaes. It is traveling to household to household. New coevals does non wish to go on it as it is. Some of occupations are labelled with the names such as â€Å" Malu Karaya † so people refuse to make occupation like that. Some of educated people such as alumnuss are looking occupation chance from the authorities. They do n't wish to fall in to private sector. To get the better of those state of affairss are non an easy. Because it is practised from the coevalss ago. But as a authorities it has to happen redresss for this. Otherwise society will lose the sustainability. The conceptual thought can non alter overnight. It will take more and more clip. But authorities can busy people to another chance. Through the vocational preparation it can assist to keep societal sustainability. The definition of vocational preparation is[ 1 ]â€Å" Train group or persons for the s pecific calling or trade, excepting professions. Vocational preparation may concentrate on practical applications of accomplishments and non much related with the academic accomplishments † . The job which is arise in Sri Lanka whether vocational preparation plans meet the needed criterion and is it included ethical and philosophical preparation which helps to keep societal sustainability. When Sri Lanka considered, the unemployment rate as last one-fourth[ 2 ]of twelvemonth 2010 is 4.9 % it is excluded North and East state. Even excluded both states 353163 people are remain as unemployed strength[ 3 ]. The statistic section presume including North and East state it will easy go through the 600,000. Government of Sri Lanka have to hold a strategic degree program to take a part of younger coevals to the economic system. The vocational preparation is the best watercourse for it. Because still Sri Lanka has colonial educational system. When the British regulating the state they i ntroduced educational system to provide their demands and it was limited to authorities service. Even after 1948 none of authorities attempts to alter the educational system. But clip to clip some amendments were made. But none of were address the root cause. After debut of free instruction system rate of school attendant was increased quickly. More and more people send their kids to school. But at that clip the merchandise was sufficient to the island demands and it fulfilled the demand of authorities service. The major job was raised after presenting of free trade system to Sri Lanka. Most of affluent people started their ain concern and companies. But still job is bing none of them were address the job. The predominating instruction system is filter pupils at the two major phases. It is Ordinary degree and Advance degree. Though authorities spend 1000000s of money due to miss of productiveness of predominating educational system the ultimate merchandise is really less. Merely few pupils are acquiring chance to come in the University for higher instruction. If less figure of pupils get the opportunity for higher surveies what would go on for the remainder sum. That is the root cause authorities should turn to. As sustainable remedy authorities can present vocational preparation. It should distribute to broader country. It should concentrate every sort of school dropouts. As an illustration it should get down from Non-schooling phase to pupils who are completed beforehand degree without choosing to the university. If authorities success on this facet. As a authorities it can use its labour force 100 % . It will convey benefits for the whole community from assorted facets, particularly socially and economic. In economic aspect authorities have less figure of dependants and more skilled labor force. In societal facet less sum of debatable state of affairss such as robberies.Chapter 5WHY SCHOOL DROP-OUT SPECIALLY TARGETED?1. During this chapter will discourse the group aimed for the vocational preparation are. a. Primary-Early dropouts B. Secondary – Mid bead outs c. Tertiary-Late dropouts 2. Two major factors are playing the buttocks why they are targeted. First one is energetic value of they have. Other one is their rebellion thought form. Who are the school dropouts? There are common error that all over the community make when they describe the â€Å" school dropouts † . School dropouts are non merely people who are non completed their primary instruction. Non-school civil deaths, secondary instruction completed pupils and third instruction completed pupils besides count as a school dropouts. The make up one's minding factor is clip period when are they go forthing the instruction. 3. As a underdeveloped state Sri Lanka has a good record about literacy. The school registration of Sri Lanka is higher much as 97.5 per centum. It is in numerically more than 400.000 per twelvemonth. Even though state has that much higher figure of school registration, yearly 18 % pupils are raising school before finishing the ordinary degree instruction. It is in numerically around 72.000. Another side of this is more than 70 % of captives who are at the prisons are belongs to this group of school dropouts. In the twelvemonth 2009, 272,640 pupils were sat for the GCE O/L scrutiny. Out of that merely 143,000 got making for their higher instruction. However 129,640 campaigners, as a per centum 47 % campaigners were fail to measure up for the A/L. 3. Why this group is indispensable? First this is the group, most efficient and energetic labor force of the state. As briefly mentioned in debut portion, younger age is holding a natural tendency to happen new spheres. Naturally younger ‘s are really funny and rebellion minds. Always they think they must hold a respectable topographic point at the community. Child labor is another face of the school bead outs at the society. The kid labors can split for the few bomber types. Those are: a. Child domestic labor. B. Children working in risky industries. c. Children working in export industries. d. Child trafficking. e. Child bonded labour in agribusiness and certain parts of the industrial and informal sectors. f. Child harlotry. 4. United nations children's fund and the ILO was carried out a research on Sri Lanka with the aid of Department of Census & A ; Statisticss and found a really sad narrative about kid labors who were left the school before finishing their instruction. They revealed 0.926Million kids are working as a kid labor and they are between ages of 05 to 14. They found about 40,000 child cocottes in the state while 5,000 to 30,000 Sri Lankan male childs are used by Western paedophile sex tourers. About 10,000 to 12,000 kids from rural countries are trafficked and prostituted by organized offense groups, harmonizing to the statistics. These are merely reported and calculated informations and existent state of affairs may be worst than this. Training is non merely larning something. It is a sort of speculation. Through the preparation people can derive adulthood other than larning.Chapter 6Present CONDITION OF VOCATIONAL Training AND WHAT ARE THE AREAS HAVE TO IMPROVE?1. When examine the present state of affairs of vocational preparation in Sri Lanka two major parties are playing at the vocational preparation sector. The two major parties are a. Government engagement[ 4 ]. b. Non- governmental organisations. 2. Since old ages back batch of stairss has been taken to up raise the criterion of vocational preparation by the authorities every bit good as non-government sector. But major function is playing by the authorities. Followings are the institutes established by the authorities to get by up the assign undertaking. The authorities can non drive away occupation scarceness by turn toing along the occupation market at Sri Lanka. It has to anticipate the foreign market besides. With the globalisation the word is really nearer to each other. Lot of states has formulated some processs and force some criterions for the making. In Sri Lanka besides some criterions has been gazetted by the authorities. It is known as National Vocational Qualifications of Sri Lanka ( NVQSL ) . By implementing NVQSL the regulating authorization is anticipating decide the mismatch between labour market and classs carry oning at vocational preparation Centres. Further they expect easy control for the authorities an d it is differentiate from the classs. Vocational preparation has divided to 7 degrees of making. The degree starts from degree 01 to level 07. Degree 01 to level 03 awarded by a national degree certification. Level 04 and 05 awarded by a full national workmanship. Level 06 and 07 is national sheepskin and it is recognize as a direction degree. The highs degree is flat 07 it is equal to bachelor grade. 3. The Ministry of Vocational and Technical Training ( MVTT ) . This is the national government organic structure for the vocational preparation within the island. MVTT is the responsible authorization for development and execution of national policies which are related to the accomplishment development, proficient and vocational instruction and preparation ( TVET ) all over the state. The chief aims of the MVTT are to ease for the vocational preparation Centres to merchandise high quality and market oriented vocational and proficient instruction and skill development preparation. MVTT is the regulative organic structure for all facets of execution of Technical and Vocational Education and Training ( TVET ) in Sri Lanka. MVTT has outlined the cardinal policies and operational characteristics of the National Vocational Qualifications Systems in Sri Lanka ( NVQSL ) . The NVQSL provides the chance for sustainable, strategic solutions for national preparation demands and it will easy be able to accomplish international acknowledgment for makings, accomplishments and cognition of Sri Lankan workers in an increasing competitory planetary environment. To carry through this several bureaus are working under MVTT. To carry through their aims, 06 separate vocational preparation Centres are working island broad. Those are The Tertiary and Vocational Education Commission ( TVEC ) , The National Apprentice and Industrial Training Authority ( NAITA ) , The National Institute of Technical Education – Sri Lanka ( NITE_SL ) it is soon alteration to University of Technology ( UNIVOTEC ) , The Department of Technical Education and Training ( DETE ) The Vocational Training Authority ( VTA ) and The National Youth Service Council ( NYSC ) . a. The Tertiary and Vocational Education Commission ( TVEC ) . The TVES was established on 1991. When it was established, it was dedicated to the undermentioned undertakings. The primary duty was preparation of policies, planning, and quality confidence of registered vocational preparation Centres. Further it is responsible for coordination and development of third and vocational instruction Centres all over the state. The Tertiary and Vocational instruction Commission is the authorised organic structure of behavior appraisals and enrollment of vocational preparation Centres. Further every type of classs has to accreditation and certified by the TVEC. It is supervising quality of classs and criterions of registered and commissioned vocational preparation Centres. B. The National Apprentice and Industrial Training Authority ( NAITA ) . The NAITA is responsible for apprenticeship preparation island broad. Further it is responsible for followings activities to implement of NVQSL 1 ) National Competency Standards 2 ) Competence Based Assessment Resources 3 ) Validation of Curriculum 4 ) Execution of Competency Based Training ( CBT ) 5 ) Conducting competence based appraisals ( including RPL ) 6 ) Industry arrangement of trainees c. The National Institute for Technical Education – Sri Lanka ( NITE-SL ) This institute was converted to the University of Technology ( UNIVOTEC ) in March 1999 by the authorities of Sri Lanka. This institute is easing flat 07 degree plans and developing teachers who are learning at vocational preparation Centres. farther it is responsible for the undermentioned activities in order to execution of NVQSL. 1 ) Development of CBT Curricula 2 ) Staff Development 3 ) Development of Learning Resources 4 ) Implementing and Coordinating Learning Resource Development Centre ( LRDC ) d. The Department Of Technical Education and Training ( DTET ) . This is one of outstanding proficient instruction and preparation Centre in Sri Lanka. This is responsible to pull off 09 proficient instruction Centres which are offer NVQ degree 5 and 06 sheepskin. Further it is responsible for the undermentioned activities in order to execution of NVQSL. 1 ) Execution of Competency Based Training ( CBT ) 2 ) Conducting Competency Based Assessment 3 ) Execution of calling counsel and guidance activities 4 ) Execution of Self Employment Promotion Enterprises 5 ) Execution of entrepreneurship plans e. The Vocational Training Authority ( VTA ) . This is responsible to pull off vocational preparation institutes which are offer flat NVQ degree 01 to 05. To implement that, VTA is command following developing institutes. National Vocational Training Institutes, District Vocational Training Centres, Special Vocational Training Centres, and Rural Vocational Training Centres. Further it is responsible for the undermentioned activities in order to execution of NVQSL. 1 ) Execution of Competency Based Training ( CBT ) 2 ) Conducting Competency Based Assessment 3 ) Execution of calling counsel and guidance activities 4 ) Execution of Self Employment Promotion Enterprises 5 ) Execution of entrepreneurship plans f. The National Youth Service Council ( NYSC ) . This is founded to form and develop of young person and it is responsible for the undermentioned activities in order to execution of NVQSL. 1 ) Execution of Competency Based Training ( CBT ) 2 ) Conducting Competency Based AssessmentA 3 ) Execution on of calling counsel and guidance activitiesA 4 ) Execution of Self Employment Promotion InitiativesA A 5 ) Execution of entrepreneurship plans.Chapter 7 DATA ANALYZING 1. Key issues and other issues As per the primary beginnings of informations, it is revealed the status of people who already working. Some of those are Chapter 8 FINDINGS, RECOMMENDATIONS Chapter 9 Decision

Income Elasticity of Demand

Price elasticity of demand measures the degree of responsiveness of quantity demanded of a good X to a given change to a price of itself, ceteris paribus. Price elasticity of demand is calculated by dividing the proportionate change in quantity demanded by the proportionate change in price. When PED is greater than one (PED > 1) demand is said to be elastic When PED is between zero to one (0 > PED > 1) demand in said to be inelastic When PED is equal to one (PED > 1) demand is said to be unit-elastic (unitary elasticity) A perfectly inelastic demand curve, perpendicular to the X-axis, has zero elasticity. A perfectly elastic demand curve, horizontal to X axis, is infinitely elastic. The price elasticity of demand for a particular demand curve is influenced by the following factors: Availability of substitutes: the greater the number of substitute products, the greater the elasticity. Degree of necessity or luxury: luxury products tend to have greater elasticity than necessities. Some products that initially have a low degree of necessity are habit forming and can become â€Å"necessities† to some consumers. Proportion of income required by the item: products requiring a larger portion of the consumer's income tend to have greater elasticity. †¢ Time period considered: elasticity tends to be greater over the long run because consumers have more time to adjust their behavoir to price changes. Income elasticity of demand measure the degree of responsiveness of quantity demanded of good X to a given change in level of income, ceteris paribus. Income elasticity of demand is calculated by dividing the proportionate change in quantity demanded by the proportionate change in level of income. When YED is less than one (YED ; 1) demand is income inelastic. When YED is greater than one (YED ; 1) demand is income elastic. If YED is negative (YED ; 0) the good is sometimes referred to as an inferior good as opposed to normal goods ( 0 ; YED ; 1) and superior ( luxury ) goods (YED;1). The income elasticity of demand for a particular demand curve is influenced by the following factors: †¢ Need of good ( Basic necessity or luxury good ) †¢ Level of income †¢ Time factor One reason for this is that as a society becomes richer, there are changes in consumer perceptions about different goods and services together with changes in consumer tastes and preferences. What might have been considered a luxury good several years ago might now be regarded as a necessity Income Elasticity of Demand Income Elasticity of Demand is a measure of responsiveness of demand to the changes in income and it involves demand curve shifts. It provides information on the direction of change of demand, given a change in income and the size of the change. Formula for YED: Percentage change in quantity demanded = %?Q Percentage change in income %?Y Normal goods have a positive value of YED, while Inferior goods have a negative value of YED as shown in the graph below: Normal goods: when income increases, demand for normal goods increases as well. An increase in income leads to an increase in consumption, demand shifts to the right Inferior goods: when income increases, demand for this good falls. The demand curve shifts left as income rises. As income rises, the proportion spent on food tends to fall while the proportion spent on services tends to rise. Necessity and Luxury goods Necessity YED 1 If a good has a YED that is greater than one, is has income elastic demand: a percentage increase in income produces a larger percentage increase in quantity demanded. Luxuries are income elastic goods. Like the I Phone or chewing gum. Applications of Income and elasticity of demand YED implication for producers and for the economy Overt time the economy grows and the society’s income increases. Increasing income means a rising demand for goods and services. If the average economic growth is 3% per year, goods and services have income elastic demand (YED >1) thus, the demand of these goods and services grows at a higher rate than 3%. Examples include Restaurants, Movies and Health care, (these goods and services are produced by industries that develop and expand more rapidly than the total income in the economy). Also the demands of other goods such as food, clothing and furniture which are inelastic have a rate of less than 3%, (these goods and services are produced by industries growing more slowly than total income). Higher YED greater future expansion Lower YED Smaller future expansion This means that before you may produce a good think about the YED. The three parts of an Economy Primary sector agriculture, forestry, fishing and extractive industries. Positive YED thus is income inelastic. * Manufacturing sector textile and appliances. Income elastic Negative YED. * Service sector entertainment, insurance and education. Higher YED, greater percentage increase in the demand. Hence as the total output of agricultural shares in the economy drops, the share manufactured output grows. Through continuous growth, t he service sector expands at the expense of both agriculture and manufacturing as shown in the diagram below: Less economically developed countries have a larger primary sector while developed countries are dominated by services. **Remember that if the total output increases over time, a falling share of a certain sector (like the primary sector) does not automatically mean that the output is reducing, probably the sectors output is growing but slower than the total output. An increasing share for a sector means that its output is growing more rapidly than the total output.