Zoroaster Outline Essay Example

Zoroaster Outline Essay Zoroastrianism l. Zoroastrianism is a monotheistic religion that was once across the board in the Near East and Middle East. (Molloy 438) A. It spread broadly, however is currently for the most part present in India. (Molloy 438) B. Some observe conceivable effect on the improvement of Essenes, early Christianity, and Islam. (Molloy 438) II. The prophet Zoroaster, the originator of the religion, was brought into the world around 650 BCE in what is currently Iran. (Molloy 438) A. He was encircled by the love of nature divine beings, normal to his territory of childhood. (Molloy 438) I. He didn't have faith in his religions practices of the penance of creatures at the fire ltars and the intensity of the ministers. (Molloy 438) B. At age 30, Zoroaster encountered a dream which totally completely changed him. (Molloy 438) I. He felt himself shipped to paradise by a soul he called Vohu Manah (great psyche) into the nearness of the High God Ahura Mazda (insightful ruler). (Molloy 438) C. Zoroasters new message was at first met with solid dismissal, which he accused on devils (daevas) and the sinister head of abhorrence powers, Angra Mainyu (insidious soul). (Molloy 438) I. His unpleasant encounters caused him to have further confidence in great versus fiendish. Molloy 438) D. In the long run Zoroasters lessons arrived at an Iranian King named Vishtaspa, and he utilized his capacity to spread Zoroasters new religion. (Molloy 438) Ill. Zoroastrianism has one holy strict content, called The Avesta. (Boyce 238) A. It should be composed by Zoroaster himself, and incorporates the seventeen Gathas (songs), Yasna Haptanhaiti (Worship of the Seven Chapters, a short formality going with the every day demonstration of clerical love), and two blessed manthras. (Boyce 238) B. We will compose a custom article test on Zoroaster Outline explicitly for you for just $16.38 $13.9/page Request now We will compose a custom exposition test on Zoroaster Outline explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom article test on Zoroaster Outline explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer The aggregate of The Avesta was recorded in Iran, under the Sasanian ynasty, and was then a gigantic gathering in twenty-one books. (Boyce 238) C. Just a couple of duplicates were made, and in the pulverization which later went to the Arab, Turkish, and Mongol victories of Iran all were crushed. (Boyce 238) D. The enduring Avesta comprises of rituals, songs, and supplications. (Boyce 238) V. Zoroastrianism spins around the war among great and malice, which are consistently present. (Hinnells 81) A. Zoroaster instructed that God was the sole Good Creator of all things, of sun, moon and stars, of the profound and material universes, of man and brute. Hinnells 81) B. He (Ahura Mazda) is not the slightest bit answerable for malicious on the planet; this originates from the Destructive Spirit (Angra Mainyu) whose nature is vicious and ruinous. (Hinnells) C. The world is a battleground wherein the powers of good and underhandedness do fight. (Hinnells) D. The soul of light and great on the planet is known as Spenta Mainyu (Essence of God). (Molloy 438) V. Zoroastrianism has conviction of perfect Judgment and in an existence in the wake of death of remuneration or discipline, which starts at death. (Molloy 438) A. During life, people are associated with an astronomical battle among great and malevolence. Molloy 438) a) These great activities may comprise of: coming clean, managing others, developing farmland, and rewarding animals compassionate. (Molloy 438) B. Last Judgment starts at death when a people soul must cross an extension that can prompt heaven. (Molloy 438) I. In the event that the individual has been acceptable, the scaffold is wide and the Journey to heaven is simple; however in the event that the individual has been malevolent, the extension turns out to be restricted to such an extent that the spirit falls profound into the profundities of hellfire. (Molloy 438) C. There is additionally a faith toward the finish everything being equal. (Molloy 438) I. At the point when the world reaches a conclusion, there will be a revival all things considered and an extraordinary general Judgment; right now the world will be refined by fire, which will rebuff the underhandedness however leave the great immaculate. (Molloy 438) VI. Zoroastrianism has for some time been a profoundly formal religion. (Molloy 438) A. A Zoroastrian has the obligation to implore multiple times day by day (at dawn, early afternoon, dusk, 12 PM, and day break) within the sight of fire, the image of exemplary nature. (Boyce 247) I. He supplicates standing, and keeping in mind that articulating the named petitions (which incorporate refrains from he Gathas) loosens and reties the kutsi. Boyce 247) a) The kutsi is a holy rope, which ought to be worn continually. (Boyce 247) B. Functions at death are viewed as significant and have a twofold point: to segregate the contamination of the dead body and offer assistance to the spirit. (Boyce 249) I. The body is wrapped into a c otton cover and carried on an iron coffin, and after due supplications by ministers, to a stone pinnacle (dakhma), where the dirtying substance is immediately eaten by vultures and the bones are dyed by sun and wind. (Boyce 249) it. Grievers ollow the casket a good ways off, in pairs, and a short time later make ablutions. Boyce 249) Works Cited Molloy, Michael. Zoroastrianism. Encountering the Worlds Religions: Tradition, Challenge, and Change/Michael Molloy. sixth ed. New York: McGraw-Hill Companies, 2013. 438-439. Print. Boyce, Mary. Zoroastrianism. The Penguin Handbook of the Worlds Living Religions/Ed. John R. Hinnells. Strand: Penguin Group, 2010. 238-249. Print Hinnells, John. The Cosmic Battle: Zoroastrianism. Eerdmans Handbook to the Worlds Religions/Ed. R. Penetrate Beaver. Herts: Lion Publishing, 1982. 80-87. Print.

Managing Capabilities Essay Example | Topics and Well Written Essays - 3000 words

Overseeing Capabilities - Essay Example In the initial segment, the examination will attempt to distinguish the idea of asset based view, and significance of capacities for the practical upper hand of an association. This will help in creating hypothetical foundation of this paper. Assets capacities of Walmart will be basically broke down and the systems will likewise be assessed. In the last part, the investigation will break down key capacities of Walmart as far as worth chain examination and VRIN and Ratio Analysis. Hierarchical Resource and Capabilities Seminal research has recommended that, upper hand ought to be quantifiable for organizations else it will be difficult for organizations to comprehend the adaptability of the favorable position that can assist them with pushing forward in rivalry (Porter, 1980). As indicated by Porter (1985 and 1991), organizations can accomplish upper hand with the assistance of cost initiative, item separation and by obliging requests of clients in centered way. So as to set up an upp er hand each association plans and executes techniques. The point is to beat their rivals and addition a higher benefit inside the business. An unrivaled upper hand can be accomplished by making more qualities, which thusly relies upon the assets and hierarchical capacities to use these assets (Besanko et al, 2003). Supportability of the hierarchical methodologies is fundamental for long haul development (Cullen and Parboteeah, 2005). Manageability is basic and it suggests that the systems are not effortlessly assaulted or killed by the contenders (Aaker, 1989). It additionally guarantees a diligent upper hand regardless of whether potential participants or contenders upset by mirroring or killing the systems embraced (Barney, 1991). The asset based hypothesis was created during mid 1990s and as indicated by this hypothesis every association is a pool of assets and abilities. These assets and capacities decide the presentation and procedures of an organization. On the off chance tha t associations begin having assets like one another, at that point the worth made by these organizations will be comparative and there will be no upper hand in the concerned business. An asset based perspective on a firm push onto way reliance and heterogeneity. This is on the grounds that each association has a one of a kind asset pack. The hypothesis additionally contends that to hold a supportable upper hand, an organization ought to have assets and abilities that are significant, not substitutable, incompletely portable and hard to emulate. These four assets can prompt contrasts in the capacities and the techniques followed by the organizations and can be liable for a practical and serious condition. These qualities can be fortified or incited through confining systems (Rumelt, 1984). These instruments are the powers that limit the duplication or balance of serious exercises of different associations. This secluding component comprises of two gatherings. The first is hindrances to impersonation which implies procedures that hinder the potential contestants

6 Types of Hallucinogens and How They Work

6 Types of Hallucinogens and How They Work More in Addiction Drug Use Hallucinogens Cocaine Heroin Marijuana Meth Ecstasy/MDMA Opioids Prescription Medications Alcohol Use Addictive Behaviors Nicotine Use Coping and Recovery Hallucinogens are a class of drugs that cause profound distortions in a persons perceptions of reality, otherwise known as hallucinations. While under the influence of hallucinogens, users might see images, hear sounds or feel sensations that seem to be real but arent. Almost all hallucinogens contain nitrogen and are classified as alkaloids. Many hallucinogens have chemical structures similar to those of natural neurotransmitters (acetylcholine-, serotonin-, or catecholamine-like). The most commonly abused hallucinogens are: LSDMescalinePsilocybinPCPDMTAyahuasca Hallucinogens can be man-made, or they can come from plants or mushrooms or extracts from plants and mushrooms. Generally, they are divided into two types: classic hallucinogens (LSD) or dissociative drugs (PCP). Either type of hallucinogen can cause users to have rapid, intense emotional swings. Common Hallucinogens Some of the more common hallucinogens include:?? LSD D-lysergic acid diethylamide (LSD) is a manmade chemical made from ergot, a fungus that grows on certain grains. It is probably the most powerful hallucinogen available, producing hallucinations, changes in the way reality is perceived, and altered moods. It comes as a white powder or clear liquid and has no color or smell. It can come in capsules, but most often comes on small squares of blotter paper or gelatin that users place on the tongue or swallow to take a trip. Mescaline A natural substance found as the main ingredient in the peyote cactus. The top of the spineless peyote cactus plants has disc-shaped buttons that contain mescaline. The buttons are dried out and then either chewed or soaked in liquid to produce an intoxicating drink. Mescaline can also be made through chemical synthesis. Psilocybin A natural substance that is found in hallucinogenic mushrooms that contain psilocybin and psilocin. In large enough doses, psilocybin can produce effects very similar to the powerful hallucinogen LSD. Shrooms as they are sometimes called can be used either fresh or dried. They are normally eaten, mixed with food, or brewed like tea for drinking. PCP PCP is a dangerous manmade substance that was originally developed as an anesthetic but was discontinued for human use in 1965 due to side-effects. It is now an illegal street drug sold as a white powder or in liquid form. It can be snorted, injected, smoked, or swallowed. It produces hallucinations and out-of-body sensations. Usage, especially in large doses, can be life-threatening and lead to serious mental health problems. DMT Dimethyltryptamine, also known as Dimitri, is a natural chemical found in some Amazonian plant species, but it can also be chemically synthesized. It usually comes as a white, crystalline powder that is vaporized or smoked in a pipe or bong. Ayahuasca Sometimes called hoasca, aya, and yage, ayahuasca is brewed from plants containing DMT along with an Amazonian vine that prevents the normal breakdown of DMT in the digestive system. It is usually consumed like tea. How Hallucinogens Work Scientists are not sure exactly how hallucinogens and dissociative drugs produce their effects on the user.  However, classic hallucinogens are thought to affect neural circuits in the brain involving the neurotransmitter serotonin, and dissociative drugs cause their effects by primarily disrupting the actions of the brains glutamate system. The regions of the brain that are affected by hallucinogens control mood, sensory perception, sleep, hunger, body temperature, sexual behavior, and muscle control, the NIDA says.??

Ch 9 Business Law - 1572 Words

Chapter 9 Formation of Traditional and E-Contracts TRUE/FALSE QUESTIONS 1. Contract law does not distinguish between promises that create only moral obligations and promises that are legally binding. False. 2. In contract law, intent is determined by the personal or subjective intent, or belief, of a party. False, intent is determined by the objective theory of contracts 3. A bilateral contract comes into existence at the moment promises are exchanged. True, â€Å"promise for a promise† 4. If a voidable contract is avoided, the promisee, but not the promisor, is released from it. False, both parties are released from it 5. A request or invitation to negotiate is an offer. False, an offer is a promise to do or refrain from doing something†¦show more content†¦c. a unilateral contract. d. no contract. 5. Signe offers to sell Thomas her textbook but conditions the sale on Thomas ac ­cepting the offer by March 1. Signe may revoke the offer a. before Thomas accepts the offer. b. before March 1, whether or not Thomas has accepted the offer. c. only after Thomas accepts the offer. d. only after March 1. 6. Mark is creating Nu2U.com, a Web site through which he will enter into contracts over the Internet. Important terms to include in his offers include a. provisions specifying the remedies if the contract is breached. b. a detailed history of his business. c. glowing reviews from former customers. d. his educational background. 7. Deb buys a song through eSongs, an online music vendor. Before completing the purchase and downloading the song, Deb must review a provision stating that she will not make and sell copies of the song and is required to click â€Å"I agree.† This provision is a. a browse-wrap term. b. a click-on agreement. c. a shrink-wrap agreement. d. none of the choices. 8. On behalf of Bobble Head Manufacturing Company, Carmela types her name at the bottom of an e-mail purchase order and submits the order to Designer Parts Company. Under the UETA, Carmela’s typed name qualifies as a. a â€Å"signature.† b. a statement of future intent. c. an assignment. d. a preliminary negotiation. 9. Chicken Egg Farms promises to pay Dex $500 to install a sump pump in its warehouse. Dex com ­pletes theShow MoreRelatedMontesquieus Greatest Mark on Philosophy Essay1522 Words   |  7 Pagesthinkers of the French Enlightenment, the baron de Montesquieu stands out as an especially impassioned advocate for moderation. Montesquieu, of course, left his greatest mark on the philosophy of the governance through his great work The Spirit of the Laws. Though certainly his earlier work The Persian Letters sowed the seeds of many of the ideas featured in his chef d’œuvre. In particular, Montesquieu spends some time in both works examining the universe of possible governments. But he advocatesRead MoreCrosswell1474 Words   |  6 PagesPEPPERDINE UNIVERSITY THE GEORGE L. GRAZIADIO SCHOOL OF BUSINESS AND MANAGEMENT LEN RUSHFIELD MBA 610.63 INTERNATIONAL FINANCE SPRING 2005 WEDNESDAY 6:00 PM – 10:00 PM WESTLAKE VILLAGE CENTER SYLLABUS 1 International Finance MBA 610.63 Westlake Village Center Wednesday 1/5-2/16/05 Len Rushfield (310) 474-5848 (603) 843-9683 (efax) leonard.rushfield@pepperdine.edu/ asiaptner@aol.com Course Objectives MBA 610.63 is intended to provide a foundation of understanding of international financeRead MoreHomework630 Words   |  3 PagesGuffey-SEEFER, Business English, 11e – 70 points WORKSHEET, CH. 3, NOUN PLURALS FILL IN THE BLANKS WITH THE CORRECT PLURAL FORMS FOR THE NOUNS SHOWN IN PARENTHESES. |1. |Every day we must send many (copy) of (fax) to our suppliers. | | |2. |A flood of computer (virus) is causing (worry) for businesspeople. | | |3. |The (Murphy) and the (Ross) plan to vacationRead MoreThe Southwood School Principal Will Begin By Giving A Welcoming1141 Words   |  5 Pagesbenefits, retention, dealing with laws affecting employment and worker protection† (Ch.1 p.2-4, n.d). It is important to note HRM do not work alone. They partner with department managers, in this case the Principal, Senior Teacher, Finance Director, Head of IT department as well as School Administrator. HRM covers the basics in new employee orientation which includes the employee handbook and the completion of employee paperwork such as I-9 and 401(K) program forms (Ch. 8: 8:1 p.1, n.d). CertainRead MoreThe Boing and Mcdonnell Douglas Merger Case Study1280 Words   |  6 Pageswhether it could make a considerable amount of sale to commercial airlines. The FTC’s conclusion was that Douglas (the commercial aircraft division of MDC) on its own had no prospects of making and selling commercial aircrafts successfully . U.S. merger law is consumer oriented and it is concerned about whether the merger will make consumers worse off by raising the price of airplanes to the airlines (FTC rules). Therefore, if McDonnell Douglas was not a competitive force in the industry, there was noRead MoreEssay Will Bury Scenario1481 Words   |  6 PagesNotwithstanding, if the identified quantity of production is met, it will favorably show a loss minimization rate, and the revenue will cover all variable costs. In addition, the paper will provide supported evidence, and recommendations, thus reflecting key business initiatives to effectively launch a new product in today’s global economy. Will Bury Scenario Introduction: The Background A vital component of the free market economy is supply and demand. McConnell, Brue, Flynn (2009), statesRead MoreMG420 Midterm exam2725 Words   |  11 Pagesthat decision.   Student True Answer:   Instructor Instructor Explanation: Ch. 9, p. 317 Paragraph 3 Explanation:    Points Received:       False 2 of 2 Comments:   2. Question : The labor problem can be defined as undesirable outcomes created out of an employment relationship which is inequitable, contentious, and exploitive.   Student True Answer:   Instructor Instructor Explanation: Ch. 2, p. 27 Explanation:    Points Received:       False 2 of 2 Read MoreA Company or a Corporation Is an ‘Artificial Person’ Created by Law1739 Words   |  7 Pagescorporation is an ‘artificial person’ created by law.† Discuss. Introduction A company or a corporation is an artificial person not natural person. Artificial person are such as are created and devised by human laws for the purpose of society and government which are called corporation. Such artificial persons, known as corporation, possess similar rights and owe similar obligation as natural person, but have no physical or natural existence. The law in creating legal persons always does so by personifyingRead MoreThe Jungle, And Notified The American Public1261 Words   |  6 Pagesthe pickle rooms for instance...scarce a one of these that had not some spot of horror on his person.† (Sinclair ch 9) He goes on to say that, â€Å" Let a man so much as scrape his finger pushing a truck in the pickle rooms, and he might have a sore that would put him out of the world; all the joints in his fingers might be eaten by the acid, one by one.† (Sinclair ch 9) Later in chapter 9, Sinclair mentions how the work destroys men. The most powerful men will be d estroyed within five years of work andRead MoreUsyd Claw1001 Paper1134 Words   |  5 Pages Introduction The area of law to be discussed would be implied terms of a contract which are not agreed by the parties. They are terms which are related to contingencies which might affect the contract of employment in this case. This is what parties intended but left unwritten in the gap of a contract. There are five conditions by which a contract would be satisfied before a term would be implied. They are reasonable and equitable, necessary to give business efficacy so no term will be

Nursing Delivery Systems Nursing Care Delivery System

Nursing care delivery system describes how organizations deliver care to their patients. Any care delivery system is defined by these elements; Nurse/patient relationship and decision-making, work allocation and/or patient assignments, communication between members of the health care team, and management of the unit environment (Koloroutis. 2004.) In other words, nursing care delivery model defines how work is organized, who is going to perform what tasks, who is responsible for nursing care and clinical outcomes, and who makes decisions. Without knowing the concept of nursing care delivery system in their work settings, nurses may not be able to determine what changes might make a difference and develop efficient health care environment for patients and nursing professionals. Therefore, it is very beneficial for nurses to know their care delivery system and analyze the advantages and disadvantages in terms of quality of care, patient satisfaction, job satisfaction, and cost-effectiveness. They are expected to take role in leadership or managing in current health care settings. In this paper, the team nursing care delivery model will be focused. The team nursing model was developed by Dr. Eleanor Lambertsen in response to the improved technology and shortage of professional nurses in the early 1950s. Moby’s health dictionary (2008) defines the team nursing as â€Å"a decentralized system in which the care of a patient is distributed among the members of a group working inShow MoreRelatedNursing Delivery Systems : Nursing Care Delivery System Essay1011 Words   |  5 PagesNursing Care Delivery Systems Prior to adapting a nursing care delivery system, a healthcare organization would need to consider the fallowing factors, e.g., the type of health care setting, the organizational structure and resources, management staffing, supplies, physical layout, and the patients’ needs. However, no nursing care delivery system is written on stone. Thus, at any given time, a hospital can modify or adapt a new care model to align care in response to patient needs. Total PatientRead MoreNursing Care Model Delivery System1567 Words   |  7 Pagesthe nursing care model delivery system, that is used in my practice setting. I currently work in a busy emergency department, work flow and patient census drive the delivery of care, I will discuss in this paper how the use of the team nursing delivery model is used. Team nursing is the essential care model in emergency room care, the nurse and other healthcare providers work as team to provide positive patient outcomes. We use all disciples in the delivery of care, weRead MoreNursing Shortage For The Health Care Delivery System2196 Words   |  9 PagesNursing Shortage in America In 1960, Virginia Avenel Henderson a nurse and a theorist in the same time, defined nursing, â€Å"the unique function of the nurse is to assist the individual, sick or well, in the performance of those activities contributing to health or its recovery (or to a peaceful death) that he would perform unaided if he had the necessary strength, will or knowledge. And to do this in such a way as to help him gain independence as rapidly as possible†. It is a noble function and toRead MorePersonal Perspective of Nursing1342 Words   |  5 PagesIntroduction Healthcare delivery and management especially hospital care has changed dramatically over the years. In the past, the scope of Healthcare included physicians who diagnosed and treated disease. This scope left nurses and other providers out of place while they struggle to define their roles. This in fact, raises many questions. Is nursing dependent on what physicians wanted? Also, does nursing require other specialized knowledge and skill that is different from other healthcare providersRead MoreTypes Of Client Care Delivery Systems876 Words   |  4 Pagestypes of client care delivery systems in nursing. These systems regulate when and how client care is done and assignment of specific jobs to different nurses. Not only do these systems provide an outline for how care is to be given, but they specify who is responsible for giving, or not giving, certain care to a patient. The four systems of client care delivery are functional nursing, team nursing, are total patient care nursing, and primary nursing. Another care delivery system is functionalRead MoreEvolving Practice of Nursing and Patient Care Delivery Models682 Words   |  3 PagesEvolving Practice of Nursing and Patient Care Delivery Models: Healthcare is one of the greatest growing professions across the globe because of the increase in population, rising healthcare costs, and increase in the demand for nurses. As the United States continues to focus on restructuring its health care delivery system, the practice of nursing and its professionals will continue to play an important role. As a result, there are huge expectations that more nursing jobs will become availableRead MoreEvolving Practice Of Nursing And Patient Care Delivery Models977 Words   |  4 PagesEvolving Practice of Nursing and Patient Care Delivery Models. Speech To my fellow nurses. You are welcome to our professional nurse evolution summit. The United health care system is changing with the nursing profession. Health care cost has doubled, if not tripled in the recent years. The American population is ageing and diseases are becoming more complex. The Patient Protection and Affordable Care Act (PPACA) is one thing that will lead to change worldwide. With signing the PPACA into law, approximatelyRead MoreAn Open Systems Theory Approach956 Words   |  4 Pagesidentify a problem that my health care organization is having with staff members using the Nursing Services Delivery Theory thus affecting nursing staff satisfaction and patient outcomes. I will also describe how the organizational problem is affecting the delivery of nursing services using the systems theory model. Furthermore, I will identify goals that can solve the organizational problem and translate these goals into policies and procedures using an open systems theory approach. Lastly, I willRead MoreStandards And Terminology Assignment : Nursing1630 Words   |  7 PagesStandards/Terminology Assignment Nursing is a field that requires all people involved in a patient’s care to be able to speak the same language, and to understand what is begin done to improve each patient’s outcome. There is no room for error or misinterpretation. This is the reason that it is critical to implement standards for nursing terminology. The Center for Nursing Classification and Effectiveness (CNC) is the organization responsible for ongoing research and development of the Nursing Interventions ClassificationRead MoreThe Evolution Of Healthcare During The United States Essay1249 Words   |  5 Pagesindustry that has representation from both public sector and private sector. The current health care system is segregated and fragmented in America. Some states have very effective and efficient healthcare system while some states lack the desired infrastructure. The evolution of healthcare system in USA can be traced back to 1750. The period from 1750 to 1849 is termed as preindustrial per iod where the care of sick people was primarily handled by families (Brian, 2010). The period of 1850 to 1969 is

Statutory Disclosure Analysis of Annual Report Free Essays

Below Is the analysis of annual report of consumer product (Hub Seen) and instruction company (Sunday) in compliance to the financial reporting standard. FRR 107 statement of cash Flows Sunday is using direct method while Hub Seen is using indirect method in presenting their Cash Flow Statements in the respective Annual Reports. Direct Method is preferable since this method shows the cash payment and receipts which are this Information are useful to the users of the financial statement In predicting future cash flow. We will write a custom essay sample on Statutory Disclosure Analysis of Annual Report or any similar topic only for you Order Now Thus Sunday is using method that more relevance to the user while Hub Seen is using method that less relevance for the users. FRR 121 The Effects of Changes in Foreign Exchange Rates Both Sunday and Hub Seen are exposed to the foreign exchange difference. For Sunday, it is arises from operation of its subsidiary that located outside Malaysia. While Hub Seen foreign currency difference Is mostly due to the purchases that denominated In other currencies from Its functional currency. But Hub Seen did not engaged with any formal hedging activities since the transaction is at an acceptable level where as, Sunday is applying natural hedging which is to reduce its risk in foreign currency by borrowing in the country they invested so that they can match he borrowing cost to the revenue earned. Therefore, the foreign exchange risk is reduced. So this information Is useful for the users since the Information Is relevant to predict the future In safeguarding their Investment In the respective companies. FRR 118 Revenue Both companies recognized its revenue according to the approved standard to the extent that it is probable economic benefits flow to the companies. Similar revenues that recognized by both companies are sale of goods, dividend, interest and rental income. The deferent is that, Sunday have more source of income which is sales of repertories under development, land and property Inventories; sale of services, rights and enjoyment; club subscription fees and time share revenue. It Is useful to the users of financial statement when they want to make decision in which industry to invest in or when they want to diversified their portfolios. FRR 119 Employee Benefits Both companies are compliance to the standard in disclosing the defined contribution plan and short term employee benefits to the users. But Sunday have another employee benefit that Is share based compensation that allows the employees to acquire share of Sunday at net of directly attributable transaction cost. Sunday is volunteering in providing such benefit to the employees. So this kind of benefit may improve the motivation of the employees in discharging their duties exceed expectation. Thus, this motivation will lead Sunday in higher performance which is this relevant information is useful to the users in predicting future performance of the company. FRR 124 Related Party Disclosures Key management personnel are considered related party to the company. Therefore, the companies need to disclose the total compensation paid to them. Hub Seen only provided short term employee benefit and defined contribution plan to their key management personnel while Sunday also providing share based payment in addition to the other two types of compensation. This shows that Sunday are more concern with the compensation paid to their key personnel since the key personnel are involving in decision making of the company which determine the company future performance. Therefore, by providing extra compensation compared to other company like Hub Seen, the key management personnel will be happy and motivated n discharging their duties diligently and with due care. FRR 124 Inventories Both companies stated their inventories at lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to make the sale. But Sunday is using weighted average method while Hub Seen is using first in first out method (FIFO) in determining their cost. For Hub Seen, using this method will show the highest profit compared to weighted average method (WA) and last in first UT method (LIFO) because of the nature of inflation. Even though higher reported gross profit is seem to be favorable to the investor, still this will resulted in higher tax to be paid by Hub Seen. Maybe one of the reason Hub Seen adopted FIFO instead of other method is that, they are engaging in selling perishable item which is not suitable to use LIFO since the left inventories will be obsolete and thus, invaluable. How to cite Statutory Disclosure Analysis of Annual Report, Papers

3M Safety - Marketing Strategies And Plans Click To Get Solution

Question: Discuss about the Marketing Strategy and Plan for 3M Safety. Answer: Introduction Process of the marketing is a crucial element for every organization. Marketing can be defined as an action of selling product and services by identifying the needs and wants of the customers. It also includes research, development and advertising. Every organization needs marketing to sell its products to its targeted customers. This report is basically provides the framework of marketing strategy and plan of the 3M company. The report is on marketing analysis of the company for developing marketing plan. Along with this, factors i.e. competitors analysis, SWOT analysis, target market, marketing mix of the company is also analyzed for making marketing plan. 3M Company is a well known technology company which serves customers and society with innovative products and services in Australia. One of the products of 3M Company is 3M Safety (hard hats) for which marketing plan has been done in this report. The company has strong market position in the Australian market. The company has aro und 650 employees and 11 locations in the Australia. Product lines of 3M Company are liquid filtration, car repair, microbiology products and automatic products (3M, 2016). The customer service department of the company gets around 80,000 orders of the product in every month. The services of the company include automotive, commercial, communications, consumer, design and construction, electronics, energy, health care, manufacturing, mining, oil and gas, safety, and transportation markets in Australia. Today 3m has its operations in more than 60 countries with more than 40 business units. Strategic values of the 3M Company are: To provide higher and best returns to the shareholders by quality and growth, To satisfy the customers by the unique products and services, To work for the welfare of the society, community and environment, and To become a successful country so that employees can feel proud working with it (3M, 2016). Target market of the company: Target market includes attracting the customers from different market. Target market is most significant part of marketing which includes research on consumers hobbies, tastes, interests and needs is done. Basically the concept of target market is that market where any company wants to sell its product and services including set of customers who are targeted. Target market is very crucial part for a companys marketing strategy. 3M Company serves globally with unique products that have been divided into different target markets. The product 3M safety is for the engineers to protect their head and face. For this product, hard hats, target market can be engineers and contractors who work of the constructions. The aim of this product is to deliver protection, safety and comfort (Marketwatch, 2016). Market (Environmental) analysis for the product 3M Safety Macro Environment Macro environment refers to the external environment of the business that cannot be controlled by the company. These factors impact on the performance and strategies and also influence its decision making power of the company. These factors include global, economic, demographics, legal/political, socio cultural, technologies factors. There are also some major internal and controllable factors in macro environment such as industry environment and competitors environments that affects organizations decision making (Turnbull Valla, 2013). There are two types of macro environment: External environment, and Internal environment. External environment A companys external environment consists of all those factors and influences from outside of the company while launching new product. Simply, it means those important factors which affects on companys directions, goals, business model, strategy. External environment includes four major aspects i.e. political aspect, economic aspect, social aspect and legal aspect (Penaloza, Toulouse, Visconti, 2013). Political aspects: 3M Company operates globally and there are different policies and rules imposed by different government in different countries where it is operated. The company adopts and follows each of the regulation imposed by the government. By doing this, company ensures that it is able to launch new product 3M safety successfully and effectively in different political environment. Along with this, company also has its own business strategy to overcome the government limitations and restrictions. Economic aspects: 3m Company is largest and competitive company with many product lines in the market. It has different product line such as electronic and health care, energy, industrial, safety and graphics etc. So, the company has stable economic stability for launching new products. Although there are many risks while operating globally but 3M Safety is able to do struggle to get good economic condition in the market. Social aspects: Every company has to face the some situations created by the society. 3M Company is also affected by the situations in the society where it is launching its new product. Company does not differentiate any customer from other customers. Company always tries to give equal chance to take advantage of the services in the society. The product 3M safety is for the engineers to protect their head and face. Technological aspects: 3M Company always tries to develop new products with the help of current technology such as IT system and internet so that it may be able to reach to its customers across the world. Company has used advanced technology for making this product. Advanced technology helps the company to know the latest development of the business. Along with this, company uses such technology which is suitable for its customers. Internal environment Internal environment includes insider f actors of the company and these factors can be controlled by the company itself. There are main two parts in the internal environment. Those parts are industry analysis and competitors analysis (Ghuman, 2010). Industry analysis: It means the production of the group of products and services by the company where substitutes of those products and services are available. 3M Safety is well known for its services in the Market. The product offers safety and protection to the engineers and workers. Along with this, company has first developed wireless tracking technology named Radio frequency identification (Havaldar, 2005). Competitors analsysis: This environment refers to the collection of information about competitors business, strategy, strength, weakness, and capabilities to operate the business (Brumfitt, 2001). Hard hats named 3M Safety have made a strong image among the customers in the market which makes it different from the competitors. This company is famous because it serves its customers with the same services but in the better quality from the competitors. Because of its quality services, company gets competitive advantages. There are many branches of the company across the world and they serve their customers effectively. Micro environment Todays world is now being so much competitive. Micro environment is an important factor for any company. This environment plays a significant role in the business operation for generating profit and revenue and fulfilling the customers needs and expectations. Macro environment includes three main factors i.e. competitors, public and customers. Competitors: Competitors refer to those people who make the business environment active and identify new ideas of doing business. They always create a good competitive environment and maintain a cooperative situation of business. 3M Safety has been made with unique quality compared to its competitors. 3M directly deals with customers and sometimes through numerous wholesalers, retailers, distributors, and dealers. Main competitors of the company are Johnson Johnson, Reece Australia, Queensland sugar, Ruralco Holdings, JK international etc. Public: It includes the community and society of the people by which company seeks for the success in the market.3M is trying to offer which is better for the public. The strategic goal of the company is to get success with the people that may be connected directly or indirectly with the company. Public includes customers, employees, media, partners and investors. Customers: Customers are the key parts f any business. If a company targets right customers for the product then it will lead success in the market. 3M safety offers safety and protection to its customers. The aim of this product is to retain existing customers and acquire new customers such as contractors, engineers from the market. The making company always focuses on the quality of products which is suitable for the customers. The product has got higher customer satisfaction level compared to its competitors. SWOT analysis of 3M SWOT analysis refers to the analysis of strength, weakness, opportunities and threats which identifies the helpful and harmful factors of the company. These four aspects for the product 3M safety are described below: Strength: 3M Safety has strong and diversified business in the local and international market with best services. It always tries to give best services to the customers. The product has strong brand image in international market. Because of the quality of this product, company generates good revenue and profit every year. This is a product with brand loyalty (Richards, 2010). Weakness: despite of strengths, the product has some weakness also. One of the weaknesses is that there is little weaker performance of 3M safety in the segmented areas. There is a lack of synergy in the business unit of the company. The company is more focused on the competitors and their activities. Along with this, company has weak marketing strategy to promote the product compared to competitors. Opportunities: continuously global expansion may be an opportunity for 3M safety. By the mergers and acquisitions, company can expand its business of 3M safety in the international market. Apart from this, company can invest more in other market for this product. Threats: Rules, regulations and policies imposed by the government may be one of the major threats for the 3M safety because the success of the product is affected by the legal and regulatory processes. Another threat can be cost of raw material in the country. Difference and fluctuation in the costs of labor may be affecting the operations of the business. Currency rates may also affect the success of the product because most of the sales of the 3M safety are in foreign market. Thus, currency rates may be other threats for the company. Objectives 3M Company has made the product for the safety of working persons named 3M safety. It is hard hats which are mainly designed for the protections of head and face of the engineers. The product hard hats provide comfort, safety, security and protection. This marketing plan of hard hats is to promote this product among the people. Objective of making this product is to ensure the safety and protection of customers. The hard hats are light weighted with different customization pattern. The hard hat is easy to adjust on the head and it has lens which protect the eyes. The main goal of the company by making hard hats is to provide safety and protection the engineers and construction workers. Marketing mix of 3M Marketing mix is one of the tools of marketing which is used for the marketing purpose by the company in the market. Marketing mix includes four Ps i.e. Product, Price Place and Promotion (Baker, 2003). Product: 3M safety hard hats have wide range of benefits i.e. safety, protection, comfort of eyes head and face. Now, company should focus to innovate in this product rather than introducing new products. Price: Price is a crucial factor which determines the future of any particular product or service of the company. 3M Company should focus on competitive prices with attractive offers for hard hats to acquire more and more customers. For targeting new customers, company should move in the pricing compared to competitors (Keegan, 2002). Place: The place refers to the appropriate channel to deliver the products and services to the customers. For targeting the customers for hard hats, 3M Company should use strong channels such as internet marketing, smart phones, computers etc. Company should include the best possible technology in its business operation to target new customers. Promotion: Promotion is very important for a business. Without promotional activities, a company cannot sale its products. To promote the product 3M safety hard hats, it is necessary that 3M Company should include new innovations in the promotional activities. Company can focus more on social media marketing through facebook, twitter to promote its products. Company can send e-mails to the consumers and can increase engagement of customers in the business (Pride Ferrel, 2008). Conclusion From the above discussion, it has been analyzed that 3M Company has maintained its brand name globally. It has wide range of products and services to serve the customers. This report has been basically discussed about the marketing strategy and plan of the hard hats. The report is on marketing analysis of the company for developing marketing plan for a product named 3M safety. By the SWOT analysis, it has been analyzed that 3M safety has strong position and strong revenue in the market. But, there are some weaknesses of the product such as weak marketing strategy and only focus on competitors strategy. These are the weaknesses from which company has to overcome. By adopting new strategies like social media marketing and shifting in price, company would be able to get success in its new product. References 3M, (2016), About 3M, accessed on 21st September 2016 from https://www.3m.com.au/3M/en_AU/company-au/?WT.mc_id=www.3m.com.au#pBus 3M, (2016), 3M Business Groups, accessed on 21st September 2016 from https://solutions.3m.com.au/wps/portal/3M/en_AU/about-3M/information/about/businesses/ Turnbull, P. W., Valla, J. P., (2013).Strategies for international industrial marketing. USA: Croom Helm Richards, B., (2010), 3M: Strengths, Weaknesses, Opportunities, Threats, accessed on 21st September 2016 from https://www.fool.com/investing/general/2010/08/03/3m-strengths-weaknesses-opportunities-threats.aspx Marketwatch, (2016), 3M targets new products to aid sales growth, accessed on 21st September 2016 from https://www.marketwatch.com/story/3m-targets-new-products-to-aid-sales-growth-2016-03-29-144852358 Brumfitt, K., (2001), The Competitive Business Environment, UK: Nelson Thornes Ltd. Baker,M.J., (2003), The Marketing Book (5th), Burlington: Linacre house, Jordon hill Pealoza, L., Toulouse, N., Visconti, L. M., (2013),Marketing management: A cultural perspective, USA: Routledge Ghuman, K., (2010), Management: Concepts, Practice Cases, USA: Tata McGraw-Hill Education Havaldar, K. K., (2005), Industrial Marketing: Text and Cases, USA: Tata McGraw-Hill Education Keegan, (2002), Global Marketing Management, IND: Pearson Education India Pride, W. Ferrel, (2008), Marketing, USA: Cengage Learning