Tuesday, November 26, 2019

Compound and Vietnamese Word Formation Essays

Compound and Vietnamese Word Formation Essays Compound and Vietnamese Word Formation Essay Compound and Vietnamese Word Formation Essay Compound Nouns in Vietnamese and English Commercial Texts A Contrastive Analysis Abstract Learning has always been a challenging process to obtain knowledge. This is undeniably true in studying economics in a different Premiums Words Pages Cross-cultural English and Vietnamese . Introduction: Nowadays, nature plays an importance role in maintaining humans life and balancing ecosystem over the world. Both Vietnamese and British are aware of the importance of nature in their life. However, people of each country have different attitude towards nature. As a lover Premiums 595 Words Pages English and Vietnamese Adjective Phrases. PART A: INTRODUCTION 1 . Rationale. Nowadays, English is the most widely used in the world and plays an important role together with the development of society and technologies. English is not only the effective meaner of communication but also show its progressive effects in many aspects of life. P Premiums Words Pages A Contrast of Question Between English and Vietnamese Answer to Question 2: A Contrast Of Question Between English And Vietnamese Question is one of the types of sentence used with the high probability in the process of learning, teaching a language as well as in daily communication. We use it very often and naturally in our daily life because I Premiums Words Pages Unnaturalness in English Vietnamese Translation

Saturday, November 23, 2019

Chemistry Science Fair Project Ideas

Chemistry Science Fair Project Ideas The best chemistry science fair project is one that answers a question or solves a problem. It can be challenging to come up  with a project idea, but looking at a list of project ideas other people have done may stimulate a similar idea for you or you can take an idea and think of a new approach to the problem or question. Tips for Finding a Good Project Idea Write out your project idea in the form of a hypothesis for the scientific method. If you can, write out 5-10 hypothesis statements. Which is easiest to test? Which one makes the most sense.The ideal science fair project asks a question you can answer or solves a problem.Keep in mind how much time you have to complete the project. Dont select a science project that takes months to complete if you only have a few weeks. Remember, it takes time to analyze the data and prepare the report. Its also possible your experiment might not work out as planned. A good rule of thumb is to choose an idea that takes less than half the total time you have.Dont discount an idea just because it doesnt seem to fit your educational level. Many projects can be made simpler or more complex.Keep your budget and materials in mind. Great science doesnt have to cost a lot. Also, some materials might not be readily available where you live.Keep the season in mind. For example, while a crystal-growing project m ight work well under dry winter conditions, it might be hard to get crystals to grow during a humid rainy season. A project involving seed germination may work better in the spring and summer (when seeds are fresh and sunlight is favorable) than in late autumn or winter. Dont be afraid to ask for help. Parents, teachers, and other students can help you fine-tune a science fair project idea.Follow rules and regulations. If you arent allowed to use live animals, dont choose an animal project. If you wont have access to electricity, dont pick a project that requires an outlet. A bit of planning can save you from disappointment. Examples of Good Project Ideas Can you use a  black light  to detect invisible spills or smelly stains in carpeting or elsewhere in the house? Can you predict what types of materials will  glow under a black light?Will  chilling  an onion before cutting it  keep you from crying?Does catnip repel cockroaches  better than DEET?What ratio of vinegar to  baking soda  produces the best  chemical volcano  eruption?What fabric fiber results in the brightest tie-dye?What type of plastic wrap prevents evaporation the best?What plastic wrap prevents oxidation the best?Which brand of diaper absorbs the most liquid?What percentage of an orange is water?Are night insects attracted to lamps because of heat or light?Can you make Jello using fresh pineapples instead  of canned pineapples?Do white candles burn at a different rate than colored candles?Does the presence of detergent in water affect plant growth?What contaminants can be detected in the air around us?What type of car antifreeze is safest for th e environment?Do different brands of orange juice contain different  levels of vitamin C? Does the level of vitamin C in orange juice change over time?Does the level of vitamin C in orange juice change after the container is opened?Can a saturated solution of sodium chloride still dissolve Epsom salts?How effective are  natural mosquito repellents?Does magnetism affect the growth of plants?Do oranges gain or lose  vitamin C  after being picked?How does the shape of an ice cube affect how quickly it melts?How does the sugar concentration vary in different brands of apple juices?Does storage temperature affect the pH of juice?Does the presence of cigarette smoke affect the growth rate of plants?Do different brands of popcorn leave different amounts of unpopped kernels?How accurately do egg producers measure eggs?How do differences in surfaces affect the adhesion of tape? Chemistry Science Fair Project Ideas by Topic Acids, Bases pH  - These are chemistry projects relating to acidity and alkalinity, mostly aimed at the middle school and high school levels. Caffeine - Is coffee or tea your thing? These projects relate mostly to experiments with caffeinated beverages, including energy drinks. Crystals  - Crystals can be considered geology, physical science, or chemistry. Topics range in level from grade school to college. Environmental Science  - Environmental science projects cover ecology, assessing environmental health, and finding ways to solve problems. Fire, Candles Combustion  - Explore combustion science. Because fire is involved, these projects are best for middle school and higher grade levels. Food Cooking Chemistry  - There is a lot of science involving food, plus its a research subject everyone can access. General Chemistry  - This is a broad collection of different types of science fair projects relating to chemistry. Green Chemistry  - Green chemistry seeks to minimize the environmental impact of chemistry. Its a good topic for middle and high school students. Household Project Testing  - Researching products and understanding how people select them is an interesting science fair topic for students who might not ordinarily enjoy science. Magnets and Magnetism  - Explore magnetism and compare different types of magnets with these project ideas. Materials  - Materials science can relate to engineering, geology, or chemistry. There are even biological materials that can be used for projects. Plant Soil Chemistry  - Plant and soil science projects often require a bit more time than other projects, but all students have access to the materials. Plastics Polymers  - Plastics and polymers arent as complicated and confusing as you might think. These projects may be considered a branch of chemistry. Pollution  - Explore sources of pollution and different ways to prevent or control it. Salt Sugar  - Salt and sugar are two ingredients anyone should be able to find. Do you think you dont have the materials for a science fair project? You do! Sports Physics Chemistry  - Sports science projects may be attractive to students who dont see how science is practical in everyday life. These projects may be of particular interest to athletes. Science Fair Projects  by Grade Level Quick Look at Project Ideas by Educational LevelElementary School Science Fair ProjectsMiddle School Science Fair ProjectsHigh School Science Fair ProjectsCollege Science Fair Projects10th Grade Science Fair Projects9th Grade Science Fair Projects8th Grade Science Fair Projects7th Grade Science Fair Projects6th Grade Science Fair Projects5th Grade Science Fair Projects4th Grade Science Fair Projects3rd Grade Science Fair Projects

Thursday, November 21, 2019

Why drug testing should not be allowed in schools Research Paper

Why drug testing should not be allowed in schools - Research Paper Example The paper discusses briefly on the reasons why drug testing makes apparent sense and then talks in greater detail about why it should not be allowed for the right reasons on issues very closely related to it. The brief digression is intended to highlight the rationale why it should not be allowed at all. It can be safely said that there are always two sides to an issue; debate and arguments can get heated and become divisive as long as people hold opposing views and stands on issues which they think and feel affect them and has an important bearing on their lives. This is the case with issues like abortion, euthanasia (mercy killing), same-sex unions, organ donations, the more recently-repealed DADT (dont ask, dont tell) policy in the military services and many others. A more closely-related legal issue is the use of plea bargains which critics say tends to undermine the whole judicial system by letting criminals off the hook lightly with a suspension or probation. This is the same situation with regards to the use of drug testing, whether voluntary or not. This particular issue resonates with almost everyone concerned, as the problem of drug use is quite a widespread social and health problem, given the proliferation of illegal drugs in society today. The drug problem is certainly a menace and many citizens feel that American society is about to overwhelmed by the enormity of this problem. Various solutions have been proposed to deal with it and drug testing is gaining popularity because it seems to make sense to most people. The idea of drug testing has caught on even among populist politicians, who proposed using it in varied aspects of American life such as applying for welfare benefits, where a welfare applicant has to take the drug test first and if he comes out clean, then he gets reimbursed for the expense and qualifies for welfare. If not, he waits for one year and take the test again (Cohen, 2011, p. 1). The idea has even been

Tuesday, November 19, 2019

Just-in-Time (JIT) Techniques Assignment Example | Topics and Well Written Essays - 1000 words

Just-in-Time (JIT) Techniques - Assignment Example Thus by thinking about the problem the problem it can be viewed and finally when the problem eventually becomes clear leads to kaizen. If one makes it a rule to deal with defects only after they occur and thus the number of its staffs tends to fall. Therefore, things that are running smoothly should not be subject to any control. If you commit yourself to just finding and fixing problems, you'll be able to carry out effective control (within an organization) with fewer personnel†. This concept is very well applied in Toyota. Since everyone at Toyota is involved equally at the business improvement plan. The people at Toyota participated in the meetings which are held regularly and discuss the progress and also consider the new initiatives. Thus, everyone at Toyota is expected to contribute and all the ideas are equally listened to by the management of Toyota. Unlike other organization there are no suggestion boxes in Toyota as people are not afraid to talk about the new ideas an d plans (Hope & Player, 2012, p. 211). The success of Toyota an automotive company has been able to achieved success with the techniques of lean which is monitored by most of the organization (Blanchard, 2007, p. 97). According to the managing director of Toyota, the long principle of Toyota production System (TPS) will continue to work with the system of Just In time and will not change in the future and its production is able to meet all the upcoming challenge. Just in time revolves around the concept of producing of only what is needed and thus transferring only what is needed. Instead of the system of push system, it represented only to the pull system where the workers get and fetch what is required. Tools, such as the Kanban (the information card); and on the display board, as well as poka yoke the error prevention, was developed in order to implement the pull strategy (Toyota, 2012). The Toyota Production System had the ability to fulfill the demand of the customers efficient ly and promptly by way of linking the production to market place. JIT relies on the process of assembling the sequence only when they are required and needed (Toyota (A), n.d). Just in time offers a continuous, smooth and an optimized workflow with measured and careful work cycles and with the on demand movement of goods, materials capacity and reduce the cost of the time wasted. The members of the team can concentrate on each of their task without any interpretation which finally leads to better quality; deliver at the given time and of course peace of mind for the customers of Toyota. Potential Benefits — and Drawbacks — of Such JIT Techniques Are Limited to Large Manufacturing Businesses or Whether They Have Wider Applications for Other Organizations Benefits and Drawbacks Just in time has benefited many of the organization in many different ways and some of the benefits includes such as with the help of just in time the set up time can be reduced which allows the o rganization to eliminate the time needed to set the inventory; the flow of inventory increases from the warehouse to the selves; employees with multi skills are used at an effective and efficient way. Employees with multi skills allows the companies to move the workers to the required department with ease and confident; the relationship between the suppliers and the

Sunday, November 17, 2019

Definition of Mergers and Acquisition Essay Example for Free

Definition of Mergers and Acquisition Essay One plus one makes three: this equation is the special alchemy of a mergers or an acquisition. The key principle behind buying a company is to create shareholder value over and above that of the sum of the two companies. Two companies together are more valuable than two separate companies at least, thats the reasoning behind Mergers and Acquisition. This rationale is particularly alluring to companies when times are tough. Strong companies will act to buy other companies to create a more competitive, cost efficient company. The companies will come together hoping to gain a greater market share or to achieve greater efficiency. Because of these potential benefits, target companies will often agree to be purchased when they know they cannot survive alone. Distinction between Mergers and Acquisitions Although they are often uttered in the same breath and used as though they were synonymous, the terms mergers and acquisition mean slightly different things. When one company takes over another and clearly established itself as the new owner, the purchase is called an acquisition. From a legal point of view, the target company ceases to exist; the buyer swallows the business and the buyers stock continues to be traded. In the pure sense of the term, a mergers happens when two firms, often of about the same size, agree to go forward as a single new company rather than remain separately owned and operated. This kind of action is more precisely referred to as a mergers of equals. Both companies stocks are surrendered and new company stock is issued in its place. For example, both Daimler Benz and Chrysler ceased to exist when the two firms merged, and a new company, DaimlerChrysler, was created. In practice, however, actual mergers of equals dont happen very often. Usually, one company will buy another and, as part of the deals terms, simply allow the acquired firm to proclaim that the action is a merger of equals, even if its technically an acquisition. Being bought out often carries negative connotations, therefore, by describing the deal as a merger, deal makers and top managers try to make the takeover more palatable. (Investopedia. com the resource for investing and personal finance education. http://www. investopedia. com/university/mergers (Page 3 of 15). A purchase deal will also be called a merger when both Chief Executive Officers agree that joining together is in the best interest of both of their companies. But when the deal is unfriendly that is, when the target company does not want to be purchased it is always regarded as an acquisition. Whether a purchase is considered a mergers or an acquisition really depends on whether the purchase is friendly or hostile and how it is announced. In other words, the real difference lies in how the purchase is communicated to and received by the target companys board of directors, employees and shareholders. Garbage (2007) in his thesis paper on International Mergers Acquisitions, Cooperation and Networks in the e-business’ defines a mergers as â€Å"the combination of two or more companies in which the assets and liabilities of the selling firms are absorbed by the buying firm†. According to Gaughan (2002) â€Å"a mergers is a combination of two companies in which only one company survives and the merged company ceases to exist, whereby the acquiring company assumes the assets and liabilities of the merged company†. An acquisition also known as a takeover? s the buying of a company, the target? by another or the purchase of an asset such as plant or a division of a company. In the case of Vodafone acquisition of GT the acquired company Ghana Telecommunication Company limited still remains the legal name and Vodafone Ghana (VFGH) as the brand name. Rosenbaum and Pearl (2009) describe another form of acquisition known as a consolidation. According to them the terms mergers and consolidation are sometimes used interchangeably. As a general rule of thumb, a merger describes the acquisition of a smaller company by a larger one. If the union is between two corporations of more or less equal size, then the term consolidation is probably applicable. For the purpose of this study, the definition of Rosenbaum will be adopted as the working definition of a merger. Types of Mergers From the perspective of business structures, there are different kinds of mergers. According to Welch, P. and Welch, G. (2007) Economics: Theory and Practice (8th ed. ), economists generally classify mergers into three types: (1) horizontal, (2) vertical and (3) conglomerate. Horizontal mergers This type of mergers takes place when two firms in the same line of business i. . they are in direct competition or they share the same product lines and markets combine. A typical example is the 1999 Exxon Mobil mergers. The merger between Vodafone and Ghana Telecom which is the focus of our study is also a horizontal merger. Anticompetitive effects The vast majority of significant competition issues associated with mergers arises in horizontal mergers. A horizontal merger is one between parties that are competitors at the same level of production and/or distribution of a good or service, i. e. , in the same relevant market. There are two types of anticompetitive effects associated with horizontal mergers: unilateral effects and coordinated effects. Unilateral effects, also known as non-coordinated effects, arise where, as a result of the merger, competition between the products of the merging firms is eliminated, allowing the merged entity to unilaterally exercise market power, for instance by profitably raising the price of one or both merging parties’ products, thus harming consumers. In homogeneous markets, unilateral effects can be pronounced when two significant competitors merge to create a large, dominant player with only a few or no other competitors. In these markets, an important role in the assessment is played by market shares and by the capacity available in the market. In differentiated markets, unilateral effects tend to arise particularly when the two merging companies have highly substitutable goods. Such a price increase does not depend on the merged firm being the dominant player in the market. The likelihood and magnitude of such an increase will instead depend on the substitutability of the products supplied by the two firms – the closer the substitute, the greater the unilateral effects. Coordinated effects arise where, under certain market conditions (e. g. , market transparency, product homogeneity etc. ), the merger increases the probability that, post merger, merging parties and their competitors will successfully be able to coordinate their behaviour in an anti-competitive way, for example, by raising prices. As in the case of unilateral effects, the most common form of coordinated effects is in the case of horizontal mergers, i. e. mergers between firms active on the same market. The main question in analysing coordinated effects should be whether the merger materially increases the likelihood that firms in the market will successfully coordinate their behaviour or strengthen existing coordination. The task is to identify what factors are likely to lead to coordination taking place between firms post-merger. This was a controversial area with which competition authorities and courts have struggled to come to terms over the years, but experience has led to the emergence of some agreement on what conditions are most likely to give rise to coordinated effects. According to the Airtours criteria, coordination is more likely to emerge in markets where it is relatively simple to reach a common understanding on the terms of coordination. In addition, three conditions are necessary for coordination to be sustainable. First, the coordinating firms must be able to monitor to a sufficient degree whether the terms of coordination are being adhered to. Second, discipline requires that there is some form of credible deterrent mechanism that can be activated if deviation is detected. Third, the reactions of outsiders, such as current and future competitors not participating in the coordination, as well as customers, should not be able to jeopardise the results expected from the coordination. Vertical mergers These are mergers between firms that operate at different but complementary levels in the chain of production (e. g. , manufacturing and an upstream market for an input) and/or distribution (e. g. , manufacturing and a downstream market for re-sale to retailers) of the same final product. Another example is the acquisition of ABC television network by Walt Disney to enable Walt Disney air its recent movies to huge audiences. In purely vertical mergers there is no direct loss in competition as in horizontal mergers because the parties products did not compete in the same relevant market. As such, there is no change in the level of concentration in either relevant market. Vertical mergers have significant potential to create efficiencies largely because the upstream and downstream products or services complement each other. Even so, vertical integration may sometimes give rise to competition concerns. Anticompetitive effects Vertical effects can produce competitive harm in the form of foreclosure. A merger is said to result in foreclosure where actual or potential rivals access to supplies or markets is hampered or eliminated as a result of the merger, thereby reducing these companies ability and/or incentive to compete. Two forms of foreclosure can be distinguished. The first is where the merger is likely to raise the costs of downstream rivals by restricting their access to an important input (input foreclosure). The second is where the merger is likely to foreclose upstream rivals by restricting their access to a sufficient customer base (customer foreclosure). However, it should be noted that in general vertical merger concerns are likely to arise only if market power already exists in one or more markets along the supply chain. Conglomerate mergers involve firms that operate in different product markets, without a vertical relationship. They may be product extension mergers, i. e. , mergers between firms that produce different but related products or pure conglomerate mergers, i. e. , mergers between firms operating in entirely different markets. In practice, the focus is on mergers between companies that are active in related or neighbouring markets, e. g. , mergers involving suppliers of complementary products or of products belonging to a range of products that is generally sold to the same set of customers in a manner that lessens competition. This kind of mergers takes place when two firms in unrelated lines of business combine. A merger between a bank and a media house will be an example of a conglomerate merger. One example of a conglomerate merger was the merger between the Walt Disney Company and the American Broadcasting Company (http://www. sk. com/wiki/Conglomerate_merger) Anticompetitive effects Merger review in this area is controversial, as commentators and enforcement agencies disagree on the extent to which one can predict competitive harm resulting from such mergers. Proponents of conglomerate theories of harm argue that in a small number of cases, where the parties to the merger have strong market positions in their respective markets, potential harm may arise when the merging group is likely to foreclose other rivals from the market in a way similar to vertical mergers, particularly by means of tying and bundling their products. When as a result of foreclosure rival companies become less effective competitors, consumer harm may result. However, it should be stressed that in these cases there is a real risk of foregoing efficiency gains that benefits consumer welfare and thus the theory of competitive harm needs to be supported by substantial evidence. Evaluation of the effectiveness of existing regulations aimed to reduce anticompetitive practices of Mergers and Acquisitions in Ghana. Mergers and Acquisitions among companies in Ghana are regulated by the Securities and Exchange Commission (SEC) under the Securities Industry Law 1993 (PNDC Law 333) (Ghana Investment Promotion Center, 2008). The law mandates the SEC ‘to review, approve and regulate takeovers, mergers, acquisitions and all forms of business combinations in accordance with any law or code of practice requiring it to do so. Ghanaian law on mergers and acquisitions is an amalgamation of several executive and legislative instruments passed as the corporate finance industry continues to evolve. The need to generate constructive competition among enterprises has been recognized by the government, and monopolies are actively discouraged as a result. The merger in November 2003 of two prominent international mining companies – Ashanti Goldfields and AngloGold (AngloGold succeeded in outbidding Rand Gold in the highly con-tested race with an offering of $1. 4 billion) promises great value to shareholders and the operations of both companies. The Companies Code stipulates the manner in which mergers and amalgamations should be effected. It places emphasis on company resolutions that authorize mergers and amalgamations and on the preservation of affected creditors’ rights. Ghanaian courts frown upon the arbitrary treatment of members or shareholders, and ample provision is made for aggrieved persons to apply to the court for redress at different stages of the merger or acquisition process. Foreign enterprises are guaranteed unconditional transferability of profits and dividends through any bank authorized to deal in freely convertible currency, encouraging and securing foreign investment. The transfer of company shares is exempted from all stamp duties and capital gains resulting from mergers, amalgamations and reorganizations are also tax exempt. Under Ghanaian investment law, preferential treatment is given to foreign and Ghanaian joint ventures by guaranteeing lower minimum capital requirements than those required for wholly foreign-owned enterprises. On the whole, mergers and acquisitions in Ghana continue to evolve as the government secures an attractive environment through executive, legislative and judicial activism to attract direct foreign investment and thus improve the economy. Consequently, the local corporate finance market has began to see increasingly complex financial transactions taking place as more international companies elect Ghana as the regional centre for their operations and its courts for dispute resolution issues.

Thursday, November 14, 2019

Using GPS to Track a Particular Person Essay -- Global Positioning Sys

Using GPS to Track a Particular Person Introduction Often times its hard to imagine how the world survived without cell phones. Its an automatic response, when you see a car accident you take out your cell phone and dial for help, or when a child is waiting for a ride they will call their parents to see how far away they are. It is a great convenience for society to be able to do such things. Imagine if you didn't even have to call somebody to find out where they were. It may seem like a futuristic idea, humanity being capable of such mind reading; however, the advancement of GPS, global positioning systems, those ideas are coming to life in the present. GPS is a way to track one's position at anytime. This is done through the use of satellites monitored by stations on the ground. There are signals transmitted from a given satellite to the receiver on Earth. It is this information that gives precise location to one's whereabouts. Although this service sounds quite convenient and has its obvious benefits, there are other issues to be considered. For example, many ethical dilemmas that play from privacy issues. In a world when at one time you could take a walk to remove yourself from the eye of another, we not may be under constant supervision of sorts. Tracking devises are easily placed in many things, cell phones, which are used by nearly all people in today's American society, are the recent and most wide spread target for GPS. Is it ethical to track someone through an everyday devices such as a cell phone, is tracking people ethical in itself? These are the questions that must be resolved before we can celebrate the positives of such technological advancements. What is GPS GPS stands for global positioning syste... ...://www.mercat.com/QUEST/HowWorks.htm> 11.<http://www.gpscity.com/gps/brados/0971.1.2743342731310439294/privacy.html> 12.CNet Networks ZDNet. 2003. <http://reviews-zdnet.com.com/AnchorDesk/4520-7298_16- 4208024.html> . 13.How Stuff Works, Inc. 1998-2003. Media Network: A convex company. <http://electronics.howstuffworks.com/gps1.htm> 14. George A. Chidi Jr., Qualcomm turns Cell Phones into GPS Systems. 16 Jan 2002. < http://www.pcworld.com/news/article/0,aid,80085,00.asp> 15.Tsai, Tsungming. Visualizing Terrain and Navigation Data. U.S. Department of Technology, Administration, National Institute of Standards and Technology, 2001. 16.Corr, O. Casey. "Money from thin air : the story of Craig McCaw, the visionary who invented the cell phone industry, and his next billion-dollar idea". New York : Crown Business, 2000.

Tuesday, November 12, 2019

Food and Beverage in Indonesia Essay

This document is one of a series of free information tools for exporters produced by New Zealand Trade and Enterprise. New Zealand Trade and Enterprise provides a wide range of standard services and sophisticated solutions that assist businesses through every stage of the export process. For information or advice, phone New Zealand Trade and Enterprise on 0800 555 888, visit www. nzte. govt. nz, or contact your New Zealand Trade and Enterprise client manager. CONTENTS 1 MARKET STRUCTURE 1. 1 Market Overview 1. 2 1. 3 1. 4 1. 5 1. 6 2 2 Market Drivers Market Potential Import Trends Key Players in the Market Regulatory Sustainability 3 3 6 7 7 8 9 11 12 12 12 12 13 13 14 MARKET ENTRY AND DEVELOPMENT 2. 1 Market Entry Strategies 2. 2 2. 3 2. 4 2. 5 Points of Differentiation Long Term Strategic Issues for Exporters to Consider Distribution Channels Pricing 3 MARKET RESOURCES AND CONTACTS 2/ Exporter Guide | Indonesia | Food and Beverage | February 2012 1 MARKET STRUCTURE Indonesia is the world’s fourth most populous country with a population of 232. 5 million in 2010, and the largest economy in Southeast Asia. In 2011, New Zealand’s food and beverage exports totalled US$468. 3 million, making Indonesia New Zealand’s 11th largest export destination. i In November 2011, Indonesia provided formal notification of the completion of its internal ratification procedures to enable the ASEAN – Australia – New Zealand Free Trade Agreement (AANZFTA). From 10 January 2012, AANZFTA will open up considerable opportunities for New Zealand businesses. The agreement will allow duty / tariff free access to over 90 percent of New Zealand goods and services by 2015. ii 1. 1 Market Overview In 2010 and 2011, dairy and meat products comprised over 76 percent of New Zealand’s food and beverage exports to Indonesia (2010: US$363 million; 2011: US$381 million). In 2010, Indonesia’s dairy and meat market was worth an estimated US$2 billion. The majority of the population in Indonesia, approximately 85 percent, are Muslim and all slaughtered food and meat (excluding pork) must have halal certification. iii 3/ Exporter Guide | Indonesia | Food and Beverage | February 2012 1. 1. 1 Market by product category Packaged food In 2010, Indonesia’s packaged food market was valued at US$19. 1 billion. The sale of impulse and indulgence products (i. e. chocolates) grew due to increasing affluence. Nutrition and staples (i. e. rice) grew by 31 percent in 2010. Canned / preserved food had a high growth rate of 20 percent in 2010. Indonesia: Sales of Packaged Food by Category: Value 2005-2010 in million USD 2007 Packaged Food – Total Nutrition/staples (i. e. rice) Dried Processed Food (i. e. dessert mixes, instant soup) Impulse and Indulgence Products (i. e.chocolate coated biscuits) Bakery Dairy Noodles Baby Food Confectionery Meal Solutions (i. e. tomato pastes). Sweet and Savoury Snacks Oils and Fats Sauces, Dressings and Condiments Frozen Processed Food Ice Cream Canned/Preserved Food Chilled Processed Food Spreads Meal Replacement (i. e. breakfast bars) Pasta Ready Meals (i. e. instant pasta) Snack Bars Soup 13,110 7,876 4,089 4,148 2,111 1,484 1,340 1,257 1,287 1,086 779 759 477 263 245 200 63 62 13 11 4 0. 9 3 2008 14,307 8,798 4,642 4,318 2,201 1,540 1,487 1,398 1,329 1,190 812 909 499 306 269 230 68 65 15 12 4 3 3 2009 14,817. 9,167 4,909 4,404 2,238 1,596 1,526 1,496 1,360 1,244 832 845 510 327 278 251 68 66 16 13 4 3 3 2010 19,100 11,959 6,515 5,506 2,781 2,026 1,999 1,967 1,704 1,634 1,054 1,039 653 439 356 346 86 82 21 17 5 4 4 Source: Euromonitor International (NB: IDR/USD currency; [2007] 9141, [2008] 9699, [2009] 10389. 9, [2010] 9090. 4) 4/ Exporter Guide | Indonesia | Food and Beverage | February 2012 Fresh food In 2010, the fresh food market in Indonesia had a total volume of 48. 1 million tonnes, making Indonesia the fifth largest fresh food market in the world. During the period 20052010, demand of fresh food increased by 13 percent. iv Indonesia: Fresh food market in Indonesia in million tonnes Starchy Roots Fruits Vegetables Fish and Seafood Meat Sugar and Sweeteners Eggs Nuts Pulses 2007 14,985 10,386 9,095 5,016 1,969 1,778 743 671 222 2008 15,148 10,786 9,356 5,153 2,024 1,825 761 700 224 2009 15,309 11,147 9,613 5,291 2,078 1,872 777 730 227 2010 15,455 11,489 9,868 5,432 2,138 1,914 794 762 230 2011f 15,582 11,787 10,119 5,592 2,188 1,952 808 798 234 Source: Euromonitor International (NB: 2011 forecasts) Wineiv In 2011, the Indonesian wine market was worth approximately US$32 million (RP 275. 4 billion) and retail sales totalled 3. 1 million litres. Wine accounted for only 3 percent of total alcohol sales. Beer is considerably more popular as an alcoholic beverage. During the period 2008-2010, wine volume sales declined by 6 percent. While prices increased, the demand from Indonesian consumers with high disposable incomes and expatriates remained and the number of wine enthusiasts in Indonesia grew. The growth was influenced by western culture and wine events such as wine tasting, wine dinners and classes. The wine market showed an increase in sales by value of 61 percent during the period 2008-2010. v Indonesia: Wine Sales Off-trade Value in million USD Off-trade Volume in million litres 2006 12. 0 3. 3 2007 14. 0 3. 4 2008 15. 0 3. 4 2009 16. 0 3. 3 2010 28. 0 3. 2 2011 32. 0 3. 1 Source: Euromonitor International (NB: IDR/USD currency; [2006] 9159. 3, [2007] 9141, [2008] 9699, [2009] 10389. 9, [2010] 9090. 4, [2011] 8696. 1) 1. 1. 2 Market by distribution channel Mass grocery retail In 2011, traditional retailers, comprising small independent stores and open air markets, accounted for an estimated 77 percent of the total retail sales. vii 5/ Exporter Guide | Indonesia | Food and Beverage | February 2012 In the organised retail sector, Hypermarkets had the largest market share in 2010, with US$13. 6 billion in sales, followed by supermarkets (US$11 billion) and convenience stores / mini-markets (US$5 billion). During the period 2005-2010, supermarket sales increased by 112 percent, followed by hypermarkets (109 percent) and convenience stores / mini-markets (105 percent). Mass Grocery Retail Sector – Estimated Number of Outlets 2005 Total Convenience Stores / Mini-Markets Supermarkets Hypermarkets Source: Business Monitor International 2006 7,154 3,337 3,173 644 2007 8,530 3,953 3,830 747 2008 9,429 4,334 4,297 798. 2009 10,572 4,871 4,801 900 2010 11,524 5,299 5,252 973 5,912 2,758 2,652 502 1. 2 Market Drivers The following are viewed as key drivers for the food and beverage market in Indonesia: ? The food and beverage market in Indonesia grew in 2010, recovering from the worldwide recession. Purchasing power of middle and upper income consumers revived with an increase of disposable income. Political and economic conditions stabilised and the number of modern retail outlets and food service retailers grew. vi Consumers are embracing the health conscious trend seen throughout the world, as a result of exposure to health education through the media. vi To meet the increasing demand of educated and health conscious consumers, the Indonesian government has taken on initiatives such as the Merauke Integrated Food and Energy Estate project. Through this US$5 billion project, the government expects to produce almost 2 million tonnes of rice, 2 million tonnes of corn, 2. 5 million tonnes of sugar, 937,000 tonnes of palm oil,167,000 tonnes of soy beans and grazing land for 64,000 cattle. vii In April 2010, taxation on wine increased significantly resulting in an increase in wine prices. Approximately 45 percent of the cost paid by consumers is tax, including sales tax (VAT), excise and import tax. v While traditional markets still account for the majority of retail sales, they face greater pressure on market share as modern retail becomes more popular. While the government tried to discourage the rapid spread of modern retail, it wasn’t successful in enforcing its legislative regulations and modern retailers increased in numbers by using fake permits in some cases. iii ? ? ? ? 6/ Exporter Guide | Indonesia | Food and Beverage | February 2012 1. 3 Market Potential The overall food consumption is forecast to grow by a compound annual growth rate (CAGR) of 9. 1 percent to 2015. vii Modern retail, such as hypermarkets are projected to increase in numbers as urban centres expand and demand increases for convenience and added-value products (i. e. rice and noodle ready-meals). However, most consumers in Indonesia remain price sensitive and private label will be a popular alternative as it is perceived as good value rather than cheap. vii The sale of alcoholic beverages is expected to decline with a CAGR of 2. 3 percent during 2010-2015. However, wine is forecast to grow with a CAGR of 1. 4 percent during 20102015 as wine is perceived to be a healthier option than other alcoholic beverages such as beer. v Indonesia has a massive youth population of around 40. 9 million, aged between 15 and 24. This age group tends to be more westernised compared to the older population and is projected to drive demand for mass market products such as confectionary goods. vii There are opportunities for products targeted to improve the condition of specific health problems. These products include calcium fortified milk to prevent osteoporosis, dairy milk for nursing mothers, baby food and products for weight and cholesterol reduction. vi 1. 4 Import Trendsvii In 2010, Indonesia imported an estimated US$8. 1 billion, a growth of 25 percent from 2009. Indonesia is relatively resilient to global trade volatility but reliant on dairy and poultry imports to meet demand. Indonesia: Food and Beverage Trade in million USD 2009 Exports Imports Balance 18,756 6,476 12,280 2010e 24,765 8,120 16,645 2011f 30,406 9,573 20,833 2012f 36,517 11,233 25,284 2013f 43,492 13,172 30,320 2014f 52,167 15,598 36,563 2015f 62,034 18,448 43,585 Source: Business Monitor International (NB: 2010 estimate; 2011-2015 forecasts) 7/ Exporter Guide | Indonesia | Food and Beverage | February 2012 1. 5 Key Players in the Marketvii Food and beverages Nestle Indonesia had the highest market share with sales of US$23. 2 billion in Indonesia and Papua New Guinea. Nestle has a market leading position in the dairy sector and in its instant noodle category, operates a 50-50 joint venture with Indofood Sukses Makmur. One of Indonesia’s key players in alcoholic beverages is Multi Bintang with 414 employees and US$209. 5 million in sales in 2010. Indonesia: Key Players in the food and beverage market Company Nestle Indonesia Indofood Sukses akmur Terbuka Unilever Indonesia PT Charoen Pokphand Indonesia Mayora Indah Tbk Sari Husada PT Malindo Feedmill Tbk PT Siantar Top Tiga Pilar Sejahtera Food Sub-sector confectionery and dairy miscellaneous food dairy and tea meat and Fish confectionery formula and baby food miscellaneous food Snack food Snack food and instant noodles Sales (US$mn) 23,238** 4,493 2,303 1,764 845 317e 238 89 83 Yearending Dec-10 Dec-10 Dec-10 Dec-10 Dec-10 2010 Dec-10 Dec-10 Dec-09 No. Of employees 1,232 64,200 3,308 7,095 4,407 902 2,144 4,292 1,925 Year Established 1971 1990 1933 1972 1977 1954 na 1970 na Source: Company Investor Relations, BMI (NB: e = estimate, na = not available, **Includes Papua New Guinea) Mass Grocery Retail Hero Supermarket Tbk had the largest sales within the mass grocery retail sector with US$8. 97 billion in 2010. Hero has a broad range of store formats and offers lower value products while Carrefour, the biggest foreign retailer in Indonesia, dominates the upper end of the market. 8/Exporter Guide | Indonesia | Food and Beverage | February 2012 Key Players in Indonesia’s Mass Grocery Retail Sector, 2011 Parent Company PT Hero Supermark et Tbk PT Sumber Alfaria Trijaya Tbk PT Matahari Putra Prima Tbk Country of Origin Indonesia / Hong Kong Sales, US$ mn 8,971 Financial year 2010 Brand Hero Giant StarMart Indonesia 1,645 2010 Alfamart Alfa Minimart Foodmart Hypermart Cut Price PT Carrefour Indonesia PT Makro Indonesia ** PT Ramayana Lestari Sentosa Tbk PT Indomaret Prismatama PT Lion Superindo PT Alfa Retailindo Tbk France / Indonesia Netherlands Indonesia. Indonesia Belgium / Indonesia Indonesia 1,570*** 656e 639 500e 431* 187 2010 2010 2009 2010 2010 2010 Carrefour Makro Ramayana Indomaret Super Indo Alfa Alfa Grosir Gelael Format Supermarket Hypermarket Convenience Store Supermarket Convenience Store Supermarket Hypermarket Discount Store Hypermarket Supermarket Cash & Carry Supermarket Convenience Store Supermarket Supermarket Supermarket Supermarket No of outlets 120 38 125 4812 Indonesia 1,615 2009 25 52 9 63 16 20 104 5,174 74 35 8 11. Source: Company Investor Relations, BMI (NB: e = estimate,*Based on Delhaize Group Rest of World Sales,** South Korea’s Lotte acquired Makro in October 2008,***Based on Carrefour’sIndonesia sales. ?Includes franchised, independent stores) 1. 6 Regulatory Information provided in this section is for reference only. When negotiating supply contracts and before beginning actual export, companies are advised to consult closely with their importer or distributor. Duties and tariffs Under AANZFTA there will be tariff free access to more than 90 percent of New Zealand goods by 2015, and the majority of these are food and beverage products. 9/ Exporter Guide | Indonesia | Food and Beverage | February 2012 Alcoholic beverages in Indonesia including wine are strictly regulated due to the Muslim Law. Wines are subject to 10 percent value added tax (VAT), import tax of 150 percent and income tax of 25 percent. Category A B C Classification Alcoholic beverage with 1-5 percent ethanol content Alcoholic beverage with 5-20 percent ethanol content Alcoholic beverage with 20-55 percent ethanol content Import duty USD 1. 57 / litre IDR 14,000 / litre USD 6. 18 / litre IDR 55,000 / litre USD 14. 00 / litre IDR 125,000 / litre Excise Tax USD 1. 25 / litre IDR 11,000 / litre USD 4. 5 / litre IDR 40,000 / litre USD 14. 61 / litre IDR130,000 / litre For more information, visit the Directorate General of Customs & Excise at www. beacukai. go. id or the AANZFTA at www. asean. fta. govt. nz. Licensing and registration requirements Prior to importation of food, companies must follow a registration process which involves a fee of Rp 150,000-3,000,000 (approximately NZ$17-345). The documents needed to register include: ? ? ? ? ?a letter that guarantees safety, quality, nutrition and labelling an authorisation letter from the manufacturer health certificate or certificate of free sale issued by authorised deputy from country of origin an audit report of distribution facilities from NADFC (National Agency of Drugs and Food Control) provincial office. copy of registration approval letter from the NZ company’s importer For more information on licensing and registration, visit National Agency of Drug and Food Control at www. pom. go. id Labelling requirements. All imported food and beverages need to be labelled in Indonesian language and must contain: ? ? ? ? brand name name of product (type of food) list of ingredients net weight or net content or drained weight (if applicable) 10/ Exporter Guide | Indonesia | Food and Beverage |. February 2012 ? ? ? name and address of parties that produce or import the products into Indonesia registration number date, month and year of minimum durability For more information on labelling, visit the National Agency of Drug and Food Control at www. pom. go. id. Quotas New Zealand wine exports are subject to Indonesia’s import quotas. The Indonesian government increased the import quota for wine to 225,000 cases in 2009, from 80,000 cases in 2008. The number of cases of wine imported in 2008 and 2009 were 77,485 and 191,953 cases respectively. Error! Bookmark not defined. Indonesia has also recently imposed beef quotas which are being reviewed regularly. Halal Halal certification in Indonesia is required for all food derived from animal products, and recommended for companies whose products are targeting the mass retail market. Exporters are advised to check this closely with their importers or distributors in Indonesia. The Federation of Islamic Associations of New Zealand (FIANZ) is recognised by the Indonesian Ulama Council (MUI) for certifying products in New Zealand. They can be contacted at fianz@ztra. co. nz. For more information on the overseas market access requirements (including halal requirements), visit the New Zealand Food Safety Authority at www. foodsafety. govt. nz For more information on halal, visit the MUI at www. halalmui. org 1. 7 Sustainabilityviii The Indonesian Government encourages companies to use sustainable packaging and recyclable materials through tax incentives and an awards system. The government plans to boost the environmentally friendly packaging through Industrial Regulations in Indonesia (RUU Perindustrian). Alternatives to plastic packaging such as vegetable material or bio-plastic packaging have been welcomed by the market. Bio-plastic is made from biotic materials (i. e. corn, cassava or micro-biota) and the material is easier to decompose. A national water company, PT Aqua Golden Mississippi, is currently developing a water bottle from vegetable material. The Indonesian Nanotechnology Society is researching a thinner plastic bottle which can be decomposed in 4 to 8 weeks. 11/ Exporter Guide | Indonesia | Food and Beverage | February 2012 2 MARKET ENTRY AND DEVELOPMENT 2. 1 Market Entry Strategies Indonesia is a price sensitive market, but with the growth of the new generation of middle and high income consumers, the quality of products is of greater importance. Branded and high quality food and beverage products are in demand. The middle high income segment is paying more attention to healthy products as the new generation becomes more health conscious. Indonesian consumers prefer internationally well-known brands and imported products, particularly for their children. In 2010, the government approved a number of import licences for alcoholic beverages. There were previously only 2 companies with import licences but now more than 20 companies have secured a licence. To acquire an import licence, a company needs to have at least 20 brands in its portfolio. It is recommended that New Zealand food and beverage products focus on Jakarta (with a population of 9. 6 million), Surabaya (4 million) and Bali (4 million). Jakarta and Surabaya are big markets in their own right but are also distribution hubs to the east and western parts of Indonesia. Bali is a popular tourism destination and there is a demand for quality products from hotels and restaurants. 2. 2 Points of Differentiation New Zealand is known in Indonesia as a producer of fresh, clean, high quality and healthy products. However, the market holds little knowledge about the range of products New Zealand sells. New Zealand companies need to continuously promote the overall New Zealand image for the benefit of their products. 2. 3 Long Term Strategic Issues for Exporters to Consider Recently a number of new regulations were introduced, which are aimed at protecting local producers of horticultural, agricultural and dairy products. Political issues and corruption are still a major issue in doing business in Indonesia. All imported food and beverage products must be registered by Indonesia’s National Agency for Food and Drugs Control (BPOM). New Zealand food and beverage exporters are advised to check with their Indonesian customers or partners what the exact process is. The specified time limit for BPOM to issue registration is 45 working days, but in the past it has taken 6-12 months. 12/ Exporter Guide | Indonesia | Food and Beverage | February 2012 2. 4 Distribution Channels. The best market penetration strategy is to appoint a local importer who has an established network across Indonesia. This will enable New Zealand businesses to access the retail market and also the HORECA (hotel, restaurant and catering) markets. Importers will undertake the product registration on behalf of New Zealand companies. New Zealand companies must provide the necessary documentation including a letter of appointment for the Indonesian importer. 2. 5 Pricing New Zealand products face stiff competition from other imported products, particularly products from Asian countries. With the right pricing and product positioning strategies, Indonesian consumers are willing to pay for premium products. Mark-ups for imported products will include: ? ? ? import agent fees custom duties value added tax (VAT) of 5-10 percent 13/ Exporter Guide | Indonesia | Food and Beverage | February 2012 2. MARKET RESOURCES AND CONTACTS ASSOCIATIONS /ORGANISATION ASEAN New Zealand Combined Business Council Halal Indonesia The Federation of Islamic Associations of New Zealand (FIANZ) WEBLINK www. asean. org. nz www. halalindonesia. org/ www. fianz. co. nz/index. php Indonesia National Agency of Drug and Food Control www.pom. go. id ASEAN Australia New Zealand Free Trade Agreement Guide Ministry of Health Republic of Indonesia Directorate General of Customs & Excise. TRADE EVENTS InterFood Indonesia Fish and Seafood Indonesia Agri Indo Jakarta Fashion & Food Festival OTHER NZTE PUBLICATIONS Indonesia Country Brief Wine Market in Southeast Asia Food and beverage in the hotel, restaurant and institutions market in Southeast Asia www. asean. fta. govt. nz www. depkes. go. id/en/ www. beacukai. go. id WEBLINK www. interfood-indonesia. com www. fisheryandseafoodexpo. com www. agri-indo. com www. jfff. info WEBLINK www. nzte.govt. nz www. nzte. govt. nz /www. nzte. govt. nz Disclaimer: This publication is provided to you as a free service and is intended to flag to you market opportunities and possibilities. Use of and reliance on the information/products/technology/concepts discussed in this publication, and the suitability of these for your business is entirely at your own risk. You are advised to carry out your own independent assessment of this opportunity. The information in this publication is general; it was prepared by New Zealand Trade and Enterprise (NZTE) from publicly available and/or subscription database sources. NZTE; its officers, employees and agents accept no liability for any errors or omissions or any opinion/s expressed, and no responsibility is accepted with respect to the standing of any firm/s, company/ies or individual/s mentioned. New Zealand Trade and Enterprise is not responsible for any adverse consequences arising out of such use. You release New Zealand Trade and Enterprise from all claims arising from this publication. New Zealand Trade and Enterprise reserves the right to reuse any general market information contained in its reports. i ii iii iv v vi vii viii Euromonitor International, 26 August 2011. Indonesia: Country Profile APNZ, 15 November 2011. Indonesia to join regional FTA. The New Zealand Herald. Retrieved from www. nzherald. co. nz Euromonitor International, 9 August 2011. Consumer Food Service in Indonesia. Euromonitor International, 2011. Market sizes, Indonesia Euromonitor International, February 2011. Alcoholic Drinks – Indonesia Euromonitor International, November 2010. Packaged food – Indonesia Business Monitor International, August 2011. Indonesia Food & Drink Report Q4 2011. Euromonitor International, April 2011. Packaging – Indonesia 14/ Exporter Guide | Indonesia | Food and Beverage | February 2012.

Sunday, November 10, 2019

Human Resources Information System Essay

A Human Resources Management System (HRMS) or Human Resources Information System (HRIS), refers to the systems and processes at the intersection betweenhuman resource management (HRM) and information technology. It merges HRM as a discipline and in particular its basic HR activities and processes with the information technology field, whereas the programming of data processing systems evolved into standardized routines and packages of enterprise resource planning (ERP) software. On the whole, these ERP systems have their origin on software that integrates information from different applications into one universal database. The linkage of its financial and human resource modules through one database is the most important distinction to the individually and proprietary developed predecessors, which makes this software application both rigid and flexible. There are approximately 36 vendors of HRMS software in the U. S. and Canada[1]. The function of human resources (HR) departments is generally administrative and common to all organizations. Organizations may have formalized selection, evaluation, and payroll processes. Efficient and effective management of â€Å"human capital† progressed to an increasingly imperative and complex process. The HR function consists of tracking existing employee data which traditionally includes personal histories, skills, capabilities, accomplishments and salary. To reduce the manual workload of these administrative activities, organizations began to electronically automate many of these processes by introducing specialized human resource management systems. HR executives rely on internal or external IT professionals to develop and maintain an integrated HRMS. Before the client–server architecture evolved in the late 1980s, many HR automation processes were relegated to mainframe computers that could handle large amounts of data transactions. In consequence of the high capital investment necessary to buy or program proprietary software, these internally developed HRMS were limited to organizations that possessed a large amount of capital. The advent of client–server, application service provider, and software as a service (SaaS) or human resource management systems enabled increasingly higher administrative control of such systems. Currently human resource management systems encompass[citation needed]: 1. Payroll 2. Time and attendance 3. Performance appraisal 4.  Benefits administration 5. HR management information system 6. Recruiting/Learning management 7. Performance record 8. Employee self-service 9. Scheduling 10. Absence management 11. Analytics The payroll module automates the pay process by gathering data on employee time and attendance, calculating various deductions and taxes, and generating periodic pay cheques and employee tax reports. Data is generally fed from the human resources and time keeping modules to calculate automatic deposit and manual cheque writing capabilities. This module can encompass all employee-related transactions as well as integrate with existing financial management systems. The time and attendance module gathers standardized time and work related efforts. The most advanced modules provide broad flexibility in data collection methods, labor distribution capabilities and data analysis features. Cost analysis and efficiency metrics are the primary functions. The benefits administration module provides a system for organizations to administer and track employee participation in benefits programs. These typically encompass insurance, compensation, profit sharing and retirement. The HR management module is a component covering many other HR aspects from application to retirement. The system records basic demographic and address data, selection, training and development, capabilities and skills management, compensation planning records and other related activities. Leading edge systems provide the ability to â€Å"read† applications and enter relevant data to applicable database fields, notify employers and provide position management and position control. Human resource management function involves the recruitment, placement, evaluation, compensation and development of the employees of an organization. Initially, businesses used computer based information systems to: * produce pay checks and payroll reports; * maintain personnel records; * pursue talent management. Online recruiting has become one of the primary methods employed by HR departments to garner potential candidates for available positions within an organization. Talent management systems typically encompass: * analyzing personnel usage within an organization; identifying potential applicants; * recruiting through company-facing listings; * recruiting through online recruiting sites or publications that market to both recruiters and applicants. The significant cost incurred in maintaining an organized recruitment effort, cross-posting within and across general or industry-specific job boards and maintaining a competitive exposure of availabilities has given rise to the deve lopment of a dedicated applicant tracking system, or ‘ATS’, module. The training module provides a system for organizations to administer and track employee training and development efforts. The system, normally called a â€Å"learning management system† (LMS) if a stand alone product, allows HR to track education, qualifications and skills of the employees, as well as outlining what training courses, books, CDs, web based learning or materials are available to develop which skills. Courses can then be offered in date specific sessions, with delegates and training resources being mapped and managed within the same system. Sophisticated LMS allow managers to approve training, budgets and calendars alongside performance management and appraisal metrics. The employee self-service module allows employees to query HR related data and perform some HR transactions over the system. Employees may query their attendance record from the system without asking the information from HR personnel. The module also lets supervisors approve O. T. requests from their subordinates through the system without overloading the task on HR department. Many organizations have gone beyond the traditional functions and developed human resource management information systems, which support recruitment, selection, hiring, job placement, performance appraisals, employee benefit analysis, health, safety and security, while others integrate an outsourced applicant tracking system that encompasses a subset of the above. Assigning Responsibilities Communication between the Employees. The Analytics module enables organizations to extend the value of an HRMS implementation by extracting HR related data for use with other business intelligence platforms. For example, organizations combine HR metrics with other business data to identify trends and anomalies in headcount in order to better predict the impact of employee turnover on future output.

Thursday, November 7, 2019

Analyzing Toyota Motor Corporation using Nadler Tushmans Model

Analyzing Toyota Motor Corporation using Nadler Tushmans Model The Nadler Tushman’s model is a model that is used to analyze an organization in terms of its inputs, outputs as well as throughputs. This model was developed with consistency to the open systems theory. Nadler Tushman’s model was developed in such a way that it gives more specific details, thus it is more favourable in analyzing an organization compared to the open system theory.Advertising We will write a custom essay sample on Analyzing Toyota Motor Corporation using Nadler Tushman’s Model specifically for you for only $16.05 $11/page Learn More The model was developed in the 1980s by two men namely, M. L. Tushman and David A. Nadler. This model gives specifications on the critical inputs required by an organization, the critical outputs, as well as any transformational processes that may be required and that characterize the running of an organization (Nadler and Tushman 37). The principle under which this model was developed stat es that the performance of an organization is determined by four elements. The four elements are: culture, people, structure, and task. The four elements need to be compatible with each other to ensure better organizational performance. When the compatibility is high, the performance of the organization is also greater. Source: Mind Tools Ltd (para. 6) This model emphasizes more on the transformational processes that have the ability to improve the performance of an organization. Change is very critical for any organization, especially in the current business environment. Competition has been at the highest level more than any other time in the past. These act as stimuli to initiate changes in the way organizations do their businesses. For the best change to be implemented, it is important to first understand the critical organizational inputs and the critical outputs. It is important to note that the critical inputs and outputs determine the performance of the organization. Once t he organization has the right inputs, it is more likely to have better outputs and register better performance.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More When analyzing an organization using the Nadler Tushman’s congruence model it is important to consider the key individuals who are involved in running the organization, the components of the environment, the strategies that the organization follows, as well as both formal and informal systems. These determine the output of an organization. This essay will analyze Toyota using the Nadler Tushman’s congruence model. The Environment Each organization exists and operates in an environment. There are both internal and external environments that influence the performance of an organization. While the managers and leaders of an organization have the ability to control the internal environment, the external environm ent is beyond their control despite the fact that it also has major impacts on the organizational performance. Among the factors that impact the running of an organization and that are external include institutions, groups, events, as well as individuals. Legal aspects, economic and social factors also make up the external environment. It is important to note that customers also play a key role in the external environment of any business organization. If the customers are few, then the organization is likely to have a poor overall performance. Therefore, it is the responsibility of the managers and leaders to ensure that they put in place strategies that have the ability to attract a large number of customers to increase the level of sales and income simultaneously (Nadler and Tushman 40).One of the ways to assess the performance of an organization is its profitability. Other environmental factors that should also be considered include, but are not limited to technology, competitors and labour unions. Toyota is a motor vehicle producing company that is based in Japan. The company was founded by a man known as Kiichiro Toyoda in the year 1937. Toyota is among the largest companies in the world, ranking 11th in terms of revenue. Toyota ranks third, after General Motors (GM) and Volkswagen Group (Toyota Motor Sales para 1). The company’s performance is influenced by a number of environmental factors, both internal and external. For instance, there is a lot of competition in the automobile industry in the world today. Companies that deal in automobiles are emerging at a high rate, while the existing ones are continually coming up with ways of improving their business. Competitors have the ability to impact the performance of the organization. When the competition is very high, the performance of Toyota is likely to go down and vice versa. Competition might call for implementation of a transformation process in order to maintain the performance. Toyota is a multinational company, thus it has many competitors and it should be on toes strategizing how to deal with the competition. Among the competitors include General Motors, Ford, Volkswagen, KIA, Chrysler, Honda, Daimler and Mercedes. It is important to note that the competitors could either be a group of subsidiaries or individual companies.Advertising We will write a custom essay sample on Analyzing Toyota Motor Corporation using Nadler Tushman’s Model specifically for you for only $16.05 $11/page Learn More Events that happen outside the company are also likely to affect its performance and the desired outcomes. Events such as promotions from competitors are likely to pull customers away and negatively affect the performance. There are other risky events that are likely to affect the company’s business. For instance, the earthquake that happened in Japan in the year 2011 had significant effects on the general company’s economy. This ea rthquake contributed to the suspension of operations by Toyota as a result of the damages that it caused to the country’s infrastructure, transport systems and energy supply. The tsunami and the nuclear power plant accidents, among other events, are also likely to affect Toyota’s business. Such events are not predictable, yet they have very significant effects on any business organization. Economic and social environments also have the ability to affect the ability to affect the business of Toyota. The economic environment affects the business in a way, whether the economic environment is favourable or unfavourable. Toyota is affected by both the economic situation in its home country Japan and in the international market. Among the factors that affect the economy include taxation rules, trends in the international trade and markets, the disposable income of the citizens, as well as the market forces of demand and supply. The exchange rates and inflation rates also aff ect Toyota’s business since they influence its income (Müller 54). The world has been in a state of economic growth slowdown over the last couple of years. Toyota is among the companies that pillar the world’s economy. Therefore, its performance highly influences other industries such as the steel business, plastic industry, as well as the glass industry. The slow growth of the economy affected the Toyota business and the related industries. This led to changes in HR policies of Toyota in order to cope up with the economic situation. Among the policy changes that were implemented include recruitment policies where the company started recruiting staffs that have the ability to help it perform well in such economic situations, layoffs due to difficulties in paying too many personnel owing to the reduced income earned, and relocation of staffs among other changes. Technological factors are also part of an organization’s environment. There has been rapid technol ogical development that has emerged over the last few decades. This has facilitated innovation in industries and companies. Technological development has a significant effect on the transformation process of an organization.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Toyota has made huge investments in technology. This has been a key factor that has contributed to the company’s global success. The company has always pioneered technology in the automobile industry. Toyota is known for its dedication in technology, having been associated with numerous innovation initiatives, funding research projects, as well as initiating replacement mechanisms. The technology trends that go on in other companies that deal in automobiles have the ability to impact the transformation process of Toyota (Müller 55). For instance, competitors are likely to take competitive advantage over Toyota if they come up with a new innovative strategy. As a consequence, Toyota will lose some of its customers and revenues. For it to avoid such losses, Toyota will have to develop a transformation strategy that will help it maintain its position in the market, or even better its current position. Companies should implement transformational strategies that will help them cope with the fast hanging technological environment. Toyota might be required to implement some HR policy changes in order to deal with the technological changes. The management will be required to hire people who have the ability to transform the organization in a manner that the company will keep up with the trends in technology. Strategy As mentioned earlier in this article, Toyota is one of the largest companies in the world in terms of revenue and size. Toyota has been able to penetrate most markets globally. It is never easy for a multinational organization to make it in the international market, especially if it does not have a good strategy. The success of Toyota in the international market is an indication that the company has a good strategy that has helped in boosting its business and markets its products. It is worth noting that the strategies that a multinational organization applies in its business vary from country to country since each of the countries in which it operates has its own culture and needs. Therefore, the organizational success in the global market will highly depend on the company’s ability to lay out the best strategy in each of the various countries in which it operates. This calls for leaders and managers who are highly knowledgeable and skilful. Toyota Motor Corporation has able leaders who have been able to align its strategy with its business objectives. Toyota’s goal is to pursue a harmonious growth and ensure that its profitability grows consistently. All strategies are developed to address the company’s goal, while all employees as well as managers pursue their duties in line with the achievement of this objective. The mission statement of an organization is important in developing its strategy. Any strategy that is put in place should be guided by the company’s mission statement (Nadler and Tushman 40). The mission statement for Toyota is to develop and provide innovative, safe and outstandi ng high quality products and services that meet a wide variety of customers demands to enrich the lives of people around the world† (Toyota Motor Sales para 1). Therefore, the strategies that the company develops should embrace innovation and ensure that the products are of high quality. Every customer wishes to get the best value for the money they pay. In order for Toyota to maximize consumer satisfaction, it has to come up with strategies on how to produce products that are innovative and of high quality. Cost is crucial; therefore, the strategies developed try to minimize cost as much as possible. Consumer satisfaction is higher when customers get the best quality at relatively low price. Toyota came up with a principle that is popularly known as ‘the Toyota way’ that was aimed at making the values and beliefs of the company clear of all employees. All employees are supposed to act in a manner that they embrace these values that are also the principles that gu ide Toyota. Knowledge is vital for innovation to take place. As a result, Toyota employees knowledgeable personnel as one of its strategies to ensure that it produces high quality goods that are innovative and that maximize consumer satisfaction. The Toyota Motors Corporation prioritizes North America and then Japan at second, although recently China has become one of the top priorities in developing Toyota’s global strategy. China is considered not to be a very mature automobile market, but it is starting to thrive. Toyota has come up with a three stage strategy that it will use to penetrate the China market. The first step will be to establish a network of sales in China and promote its brands. This is a strategy that is aimed at making the potential customers aware of Toyota brand and its products. Customers are known to buy most products that they are aware of. Therefore, establishing sales networks and promotion will be important in making the brand known to locals. The next step would be to establish bases where the company will manufacture auto parts. This will help in reducing the costs of operation and ensuring effective supply chains. An effective supply chain gives the company competitive advantage and enhances marketing (Müller 57). The third and final strategy that the company is to apply in China is to form joint ventures with the local companies that deal in automobile production. This will enable Toyota to market itself easily. It will also reduce the cost that will be spent for marketing the company. It is easier for Toyota to win the loyalty of Chinese customers by forming joint ventures with local organizations. One of the general strategies that Toyota applies in its business is that it has a management system that is involved in making marketing and other decisions. The management system is also aimed at ensuring that the company’s operations run as expected to facilitate the achievement of its goals and objectives. Leade rship is crucial in the success of any organization. Leaders facilitate transformational processes, as well as any other change that can improve the performance of an organization. Toyota’s use of a management system that facilitates its decision making processes is a strategy that helps it improve on its performance and facilitates transformational process (Müller 54). Good decision making is an input that can positively impact an organization. The output of good decisions will be success. The other strategy that the company applies is that it has a system that establishes a problem solving platform that gives the best solution to problems that are likely to affect its business. This system also develops measures to prevent any problem that is likely to affect the company’s business. When a problem is detected, it is flagged to the relevant department or individuals for a solution to be found. The departments come with the best solution to the problem. This keeps the Toyota Motor Corporation in the competition. Tasks This refers to the various duties that the organization and its parts are required to perform in order to facilitate transformational process and the success of the organization. An organization is made up different parts, each of which has its own rules that it is supposed to execute. Proper execution of tasks will lead to success of the organization, while poor task performance will negatively impact transformational processes. Tasks are aimed at continually improving the organization in general and improving the quality, as well. It is important to ensure that each individual is assigned the task he or she can best perform in order to execute tasks accordingly (Nadler and Tushman 40). The issues of division of labour and specialization best apply here. Labour duties are divided according to specialization of different employees, departments and parts of an organization. Toyota Motor Corporation is a company that has various o perational parts, all of which are aimed at achieving the same objective. The objective is to constantly ensure growth of the company and consistent increase in profitability. Automobile manufacture is an industry that has to coordinate the various parts for its success. For instance, different parts of a vehicle are manufactured differently and then assembled to make up the moving vehicle. Once the vehicle is completed, it has to go through the supply chain and then to the marketing department. All these departments are expected to perform their tasks with a similar objective (Toyota Motor Sales para 2). In performing their tasks, employees of Toyota Motor Corporation are guided by the principle of: â€Å"The Toyota Way†. Each employee is aware of the tasks that they are supposed to play in order to ensure that they adhere to this guiding principle (Müller 53). Employees are made to understand the values and beliefs of the company. They are, therefore, expected to embrac e these beliefs in performing their duties. It is imperative to note that all tasks at Toyota are standardized under this principle. Every member of the organization is aware of the duties they are supposed to carry out, in spite of the country in which they operate. As a result, an engineer of the Toyota Company, for example, will find identical processes in whichever company he or she walks in throughout the world. The company produces products that are of similar design, in additional to the similar processes. The manufacturing equipment that is used is also similar. It can, therefore, be said that this principle influences the transformational processes of the company. It is an important part of the organizational input. The tasks that are performed under the principle are the inputs that have made Toyota what it is today. It is because of these tasks that the company has become among the best in the world. Formal systems These refer to the structures, as well as the methods and processes that an organization uses in order to ensure that each department and each individual performs their duties accordingly in order to achieve the required goals (Nadler and Tushman 40). The strategies are usually written down, and each employee and member organization is aware of what they are supposed to do. There is a formal structure that everyone is expected to understand at Toyota. The employees follow the structure in performing their duties. The structure determines the tasks that each individual is supposed to carry out. In addition, the formal system defines the way each objective should be achieved. The key individuals People form a very important part of an organization. The success of an organization depends on the key individuals and their knowledge and ability to produce results. Work has to be done for an organization to succeed and it is the people who do that work (Nadler and Tushman 45). Therefore, there is no work that can be done without the people and n o success for the organization can be achieved. At the same, time no transformational process can take place. There are some activities that are critical to the organization and which have major effects on its performance. One should know the type of people who performs such tasks. In addition, it is important to ensure that such critical tasks are performed by people who have the right skills and knowledge. For instance, decision making is a very major task for any organization. A wrong decision will have devastating results for the organization, while a good decision will deliver the required output. Therefore, decision makers should be able people who will reduce or eradicate the risks associated with decisions through making the right decisions. One should first know the people who they interact with when evaluating the people in an organization in order to perform a certain task. Then it is important to know the skills possessed by the different personnel. Demographics and empl oyee preferences are also an important factor to consider (Mind Tools Ltd para 10). People are the key to the organizational success at Toyota. Innovation is vital in the automobile industry, and only the people can guarantee innovation. Employees at Toyota operate in an environment where they come across a lot of challenges (Müller 53). The employees are required to constantly develop new ideas to make the organization better each day. The company believes that the employees hold the key to its success and they are considered as key individuals. Employees are not viewed as just hands for doing the jobs, but they are viewed as sources of knowledge and wisdom. As a result, Toyota invests heavily in people. The key leaders who are responsible for the running of the company are: the president, the vice president, the chairman, and the board members, as well as various managers and directors. All these people together with the rest of the employees have to interact to produce Toyota ’s output. This is what facilitates the company’s success. Issues that the organization should address Toyota ranks as one of the best companies in the world in terms of performance. The company has been able to address most of the issues that might hinder its success. The company has able leaders and employees who constantly come up with innovative ideas that have kept the company going for a long time. However, there is one issue that needs to be addressed to maintain the company’s competitiveness. The automobile industry is very competitive with different companies, all striving to get a large share of the market. This is an issue that Toyota needs to focus on since it might lead to loss of customers to competitors. The issue of competition holds a significant impact on the company’s success. Technology is increasingly becoming important for the competitiveness of automobile companies. It is important to note that other companies are working tirelessly to improve their technology and become the best, despite the fact that Toyota is a leader in technology and innovation. Toyota should, therefore, step up its innovation in order not to lose its competitive advantage. Aspects that have difficulty understanding Toyota is a multinational company with operations in different countries across the world. Managing a multinational is one of the most challenging tasks since the company has to operate in different culture. In spite of this, the company is still expected to produce results. Different cultures have different preferences and different buying behaviors. Therefore, it was difficult to understand how vastly Toyota manages to implement its principle of â€Å"The Toyota Way† in all the nations where it operates, despite these destinations having different cultures. This principle gives a standardized way of performing tasks in all Toyota companies across the world. One might need to access the company physically to conduct an interview to help in this analysis. Alternatively, accessing the finest details in the company website might also be helpful, although it is not easy to get all the details through this method. Mind Tools Ltd. â€Å"The Congruence Model: Aligning the Drivers of High Performance.† Mind Tools. 2013. Web. https://www.mindtools.com/pages/article/newSTR_95.htm Müller, Christoph. Case Study and Comparative Strategic Analysis of Toyota and Ryanair: The Key Differences in the Operations Strategy of Manufacturers and Service Firms in Terms of Process Design, Supply Chain, Human Resources, Capacity, Innovation and Quality Management. München: GRIN Verlag GmbH, 2011. Print. Nadler, David and Tushman Michael. â€Å"A Model for Diagnosing Organizational Behavior.† Organizational Dynamics 1980. 9 (2), 35-51. Print. Toyota Motor Sales. Explore Toyota. 2013. Web. https://www.toyota.com/

Tuesday, November 5, 2019

Homosexuality in Ancient Rome

Homosexuality in Ancient Rome Although sexual practices are often left out of discussions of history, the fact remains that homosexuality in ancient Rome did exist. However, its not quite as cut and dried as a question of gay versus straight. Instead, its a much more complex cultural perspective, in which the approval- or disapproval- of sexual activity was based upon the social status of the people performing various acts. Did You Know? The ancient Romans didnt have a word for homosexual. Instead, they based their terminology upon the role that the participants played.Because Roman society was so patriarchal, those who took on a submissive role were seen as feminine, and thus looked down upon.Although there is little documentation of female same-sex relationships in Rome, scholars have discovered love spells and letters written from one woman to another. The Roman Patriarchal Society Bettmann Archive / Getty Images The society of ancient Rome was extremely patriarchal. For men, the determination of masculinity was directly tied to how one displayed the Roman concept of virtus. This was one of several ideals that all freeborn Romans tried to follow. Virtus was partly about virtue, but also about self-discipline and the ability to govern oneself and others. To take that a step further, the active role of imperialism and conquest found in ancient Rome was often discussed in terms of sexual metaphor. Because masculinity was predicated on ones ability to conquer, homosexual activity was viewed in terms of domination. A man taking on the perceived dominant, or penetrative, role would fall under far less public scrutiny than a man who was being penetrated, or submissive; to the Romans, the action of being conquered implied that a man was weak and willing to give up his liberty as a free citizen. It also brought into question his sexual integrity as a whole. Elizabeth Cytko writes, Bodily autonomy was one of the regulatory norms of sex which helped define one’s status within society... an elite Roman male demonstrated his status because he was not allowed to be beaten, or penetrated. Interestingly, the Romans didnt have specific words that meant homosexual or heterosexual. It wasnt gender that determined whether a sexual partner was acceptable, but their social status. The Roman censors were a committee of officials who determined where in the social hierarchy someones family belonged, and occasionally removed individuals from the upper ranks of society for sexual misconduct; again, this was based on status rather than gender. In general, same-sex relationships among partners of the appropriate social status were considered normal and acceptable. Freeborn Roman men were permitted, and even expected, to be interested in sex with partners of both genders. Even once married, a Roman man might continue to maintain relationships with partners other than his spouse. However, it was understood that he was only to have sex with prostitutes, slaves, or people who were considered infamia. This was a lower social status assigned by the censors to individuals whose legal and social standing had been formally reduced or removed. This group also included entertainers such as gladiators and actors. An infamis could not provide testimony in legal proceedings, and could be subjected to the same sorts of corporal punishments usually reserved for slaves. Ancient history expert N.S. Gill points out that Instead of todays gender orientation, ancient Roman... sexuality can be dichotomized as passive and active. The socially preferred behavior of a male was active; the passive part aligned with the female. While a free Roman man was permitted to have sex with slaves, prostitutes, and infames, it was only acceptable if he took the dominant, or penetrative role. He was not allowed to have sex with other freeborn Roman men, or the wives or children of other free men. In addition, he couldnt have sex with another mans slave; this is because slaves were property, and sex with someone elses slave required the owners explicit permission. Although not extensively documented, there were homosexual romantic relationships between Roman men. Most scholars agree that same sex relationships between men of the same class existed; however, because there were so many rigid social constructs applied to such relationship, they were kept private. While same-sex marriage was not legally permitted, there are writings that indicate some men did participate in public marriage ceremonies with other men; the emperor Nero did this at least twice, as did the emperor  Elagabalus. In addition, at one point during his ongoing dispute with Mark Antony, Cicero attempted to discredit his opponent by claiming Antony had been given a stola by another man; the stola was the traditional garment worn by married women. Homosexual Relationships in Roman Women UIG via Getty Images / Getty Images There is little information available about same-sex relationships between Roman women. Although they probably happened, the Romans didnt write about it, because to them, sex involved penetration. Its likely that the Romans didnt consider sexual acts between women to actually be sex, unlike the penetrative activities between two men. Interestingly, among Roman women there are a number of sources that indicate not sexual activity but romance. Bernadette Brooten writes in Love Between Women of love spells commissioned by women to attract other women. Scholars agree that these spells provide written evidence that women from the time period were interested in romantic attachments with other women, and that they were comfortable expressing their desires. Brooten says: [The spells] do not reveal the internal dynamics of these womens relationships. Nevertheless, the spells do ... raise intriguing, although ultimately unanswerable, questions about the nature of womens erotic desires. Gender-Bending Deities LordRunar / Getty Images As in other ancient cultures, Roman deities were reflection of the social and cultural mores of the realm of men, and vice versa. Like their neighbors in Greece, Roman mythology does include instances of same-sex relationships between the gods, or between gods and mortal men. The Roman Cupid was often seen as a patron deity of passionate love between two men, and for a long time was associated with male/male lust. The word  erotic  comes from the name of Cupids Greek counterpart, Eros. The goddess Venus was honored by some women as a goddess of female-to-female love. The Greek poet Sappho of Lesbos wrote about her in her guise as Aphrodite. The virgin goddess Diana preferred the company of women, according to legend; she and her companions hunted in the woods, danced with each other, and swore of men completely. In one legend, the god Jupiter presented himself as the princess Callisto, and seduced Diana while in disguise. When King Minos pursued a nymph named Britomaris, she escaped him by jumping into the ocean. Diana rescued Britomaris from the sea, and fell in love with her. Jupiter, much like the Greek Zeus, was the king of all the gods, and regularly had flings with mortals of both genders. He changed his appearance frequently, sometimes appearing male and other times female. In one myth, he fell in love with the beautiful youth Ganymede, and stole him away to Olympus to be his cup-bearer. Sources Brooten, Bernadette J.  Love between Women: Early Christian Responses to Female Homoeroticism. University of Chicago Press, 1998.Cytko, Elizabeth.  Of Androgynes and Men: Gender Fluidity in Republican Rome ...University of Alberta, 2017, https://era.library.ualberta.ca/items/71cf0e15-5a9b-4256-a37c-085e1c4b6777/view/7c4fe250-eae8-408d-a8e3-858a6070c194/Cytko_Elizabeth_VJ_201705_MA.pdf.Hubbard, Thomas K.  Homosexuality in Greece and Rome: A Sourcebook of Basic Documents. 1st ed., University of California Press, 2003.  JSTOR, www.jstor.org/stable/10.1525/j.ctt1pp7g1.Schrader, Kyle W.  Virtus in the Roman World: Generality, Specificity, and ...The Gettysburg Historical Journal, 2016, cupola.gettysburg.edu/cgi/viewcontent.cgi?article1154contextghj.

Sunday, November 3, 2019

Trend letter Essay Example | Topics and Well Written Essays - 1500 words

Trend letter - Essay Example JUNK UNDERJEANS: After having a primary research about the company, I have discovered some relevant data. You company is producing a unique line of men’s undergarments with the latest and hottest trends made from highest quality fabrics and materials (â€Å"About Junk underjeans†). The distribution method is wholesaling with a selling capacity of 500+ pieces as a business apprentice. I have also discovered that Junk underjeans designs are credited to Mr. Sean Gregg as the fashion designer (â€Å"Junk†). The different styles and collections such as the rebel, urban and sleek have captured the interest and excitement of straight and gay guys as your target market. Your promotional strategies such as tradeshow, fashion show, magazine, online blogs, and company website are very helpful in delivering the product to the market. The most in-demand business today according to American Apparel and Footwear Association is the apparel manufacturing in which â€Å"sales for 2000 reached $315 billion, representing a 90% growth from its 1990 levels† (qtd. in Fulbright). Junk underjeans had made a good choice of business. OPPORTUNITY/TRENDS: Starting up a new business nowadays is not for seasonality alone, but it goes with passion and on what the person really believes. There is nothing wrong if the business gives more focus and priority on one product line especially if that product is doing well in the market. However, opportunities/trends should also be given consideration as it comes. The industry will only appreciate and understand the essence of the opportunity/trend if it has an open mind with a positive outlook (Khoo). It does not entails that because Junk underjeans is producing undergarments for men only, then it should be heading that way in the future. Definitely not, because change is a typical respond for every business which is either a desire or a necessity. Junk underjeans has proven its success in capturing the attention of