Australian Prudential Regulation Authority

Question: Examine about the Australian Prudential Regulation Authority. Answer: Presentation In contrast with different nations or different businesses, Australia has learned fundamental varieties to its money related and monetary framework in new periods. TheAustralianmonetary organizationcontains of the arrangements spread the fitting taking cash and loaning of assets and the transmission of ownership of fiscal rights in Australia which comprises of the subordinate business places, protection, banks, credit associations, obligation and value advertise. The reasonable outcome has been a modification in the Australian business and business association from a relatively bolted, repetitive get together during the 1950s and 1960s, in view of on verifiable bank association, to an increasingly uncovered and humble association and are offering or giving different kinds of administrations or contributions in examination with some other ventures. The budgetary or the money related framework is being driven by the powers of the reasonable or the market which is exclusively reliant on the economy of the market and what the market needs. A methodology comparable to that comprehended in Australia has stayed test and extensively pondered in the United States underneath the general subtitle the disintegration in outdate venture and banking. In the midst of the variety of motivations on fiscal part extension, three boss administrations can be colored. The first can be said as the piece of money related controlling procedure, to a critical degree, shaped the far reaching propensities in bunches commercial center offers in new periods. There were numerous improvement in the framework because of dynamic innovation and because of this diving the cost of numerous information situated financial doings and furthermore new items and exercises are accessible. Framework assets more than folded as a connection to GDP among the 1960s and 1990s, with copious of that improvement happening in the moment post-deregulation retro in the extra 50% of the 1980s.A significant piece of th e money related framework, and broadly analyzed away, was the acknowledgment prosperous which shadowed financial deregulation. This peculiarity, and its correspondence with financial advances during the 1980s, guaranteed to improvement of the fiscal portion in a measure of techniques. Impact inside the Australian business part has traditionally been nearly nothing, and this leftovers the situation notwithstanding an impressive flood in corporate replicating in the late 1980s. The obligation to value proportion is similarly same with contrasted with different nations like United States, Japan and different nations. Till the 1950s, fiscal intermediation was predominantly indistinguishable with speculation and banking. We can likewise observe that, until the 1950s, fiscal intermediation was chiefly indistinguishable with banking. Account business was on a very basic level an okay proposition appeared at controlled qualities and charges.. Thecommercial exchange or also called financial business inAustraliacontains of various banks endorsed and qualified to carry on venture and banking business under theBanking Act 1959, far off banks affirmed to work through a development in Australia. While discussion of the up and coming development of the speculation or the financial business was to an enormous degree theoretical, the Group was keen on clarifications that a few patrons in the business foreseen a significant and a huge charge sooner rather than later. In logical inconsistency of the relevant of these developments, banks have their imprint progressively on the mushrooming retirement and assets th e executives region as a potential long haul balance to these compressions and weights. We can say for instance approx. $40 billion, or 15 percent of retirement assets or properties are by and by held as bank securities or credits with financial foundations, a pivotal measure of these associations responsibility base. The banks without a doubt realize that there are pay and preferences to be expanded from joining and joining their association part with reserves the board exercises, and have lashed for installment of increasingly through cooperation in retirement time, and as of late there has been in general presentation of ventures or assets in over the counter. Thebanking part inAustraliacontains of various banks affirmed and qualified to carry on venture and banking business under theBanking Act 1959, far off banks authorized to work through a development in Australia, and Australian-joined remote bank organizations. Different associations like common assets, credit associations give banking offices. Formally, there is boundless and nitty gritty guideline of Australia's financial framework, split for the most part between theAustralian Prudential Regulation Authority(APRA) andAustralian Securities and Investments Commission(ASICAustralia Reserve bank plays a noteworthy interest. However, in redundancy, Australian banks are independent and are managed without anyone else through External Dispute Resolution (EDR) courses of action, the most protuberant is theFinancial Ombudsman Service (Australia)(FOS). The ASIC is answerable for the respectability and the flourishing of the monetary associations. The quick development of banks' national fis cal reports which have full-developed at a standard yearly pace of 13percent in the interim from 1985 and both the interest and flexibly factors and presentation are presented. Right now there are 53 banks which are working in Australia, and in those 54, 14 are claimed by the nation. In totalling to the four significant banks, there is an assortment of five Australian-possessed banks once in a while meant to as the regionals, shining their inventive accentuation principally on the retail segment. The Banking framework or techniques for Australia in the history was one of decided nation for lawfulness, not all that prosperous, broken and open sharpness. With the progression of recent years, every one of the four primary Australian banks, while obeying with the continuously extreme supplies of controlling figures, affirmed at any rate one principle money related blooper. An erratic improvement of confinements on outside bank confirmation in the mid-1980s, and the extra uncovered arran gement of passage acknowledged in the mid 1990s, saw the abroad bank participation increment, to some degree at the use of the trade segments of bank The financial association has actually attempted to make incredible progress additional time. Three fundamental organization examinations concerning banking were appeared in Australia somewhere in the range of 1981 and 1996. It gave legitimateness for both the organizations and the banks; for organizations since the very foundation of an examination set up a commitment to answerability and network focus questions. Banks are likewise theme to obligations under theAnti-Money Laundering and Counter-Terrorism Financing Act 2006as announcing elements. Until the 1980s, acknowledgment associations and development social orders delivered stoutly, to a great extent since they were dependent upon rarer rules than banks in 1985, there were 60 structure social orders and 400 credit associations compelling in Australia. Banks went up against slight humble largeness from different associations, where fast advancement had not begun at this point, and the association was not presented to outside bank entrance or to seaward correspondences. Banks experienced an all-inclusive time of declining piece of the pie during the 1960s and 1970s, when proportional favorable circumstances were made by non-bank fiscal middle people, especially development social orders, financial matters companies, business banks. A tremendous measure of impressive development of non-bank fiscal associations (NBFIs) not joined to the national speculation region. In a portion of the cases, these associations were controlled by removed banks that necessary a money related participation in Australia however were restricted from establishing an appropriate and recommended commericialprocess by the genuine suspension on new remote financial foundations before 1985. A coincidental rearrangements of confinements on remote bank affirmation in the mid-1980s, and the extra uncovered strategy of passage acknowledged in the mid 1990s, saw the abroad bank participation increment, to some extent at the consumption of the trade divisions of bank. Two abroad associations worked uninterruptedly as legitimate banks in Australia in the post-war period preceding 1985.17 The nonappearance of a more extensive abroad financial participation recreated the suspension on inaccessible bank section, thought in advance. The presence of a far off bank nearness in Australia in the nonappearance of legitimate outside banks connotes what, with retrospection, appears to give the novel technique to the significance of banks and non-banks inside the Banking Act 1959. The experience of having the abroad or the outside banks reaction is very nonpartisan. The new passages are very serious in nature. On the thorough part, remote banks continued their business banking doings and in that area were spearheading in stock advancement and in fiscal and s ubordinate markets. Toward the end it is being seen that the remote banks couldn't establish an impact or connection with the focal spot of the Australian banks in the promoting and saleable market, where gigantic customer consents or branches had been perceived through boundless division frameworks. Remote banks were delighted to spread for endorsement anyplace and in any sum, on condition that they met the passageway necessities, they were permitted to expect either optional or development developments (Brian, 2005) Many abroad banks were against this yet the standard was not changed and was all inclusive. From 1992 the quantity of passages of outside banks expanded all the while (Henry, 2011) Comprehensive, however, the happenings of outside banks proceeded nearly insignificant compared to the since quite a while ago perceived Australian banks. Particular piece of loaning and acquiring framework assets rose to 14 percent by 1996 as an outcome of new contestants however with just slight avoidances, their doings proceeded significantly a

Case Study OHS Solutions Pty. Ltd. Click Now To Get Solution

Questions: Contextual investigation OHS Solutions Pty. Ltd. is an organization framed by three companions (Des, Satish and Emma) who carry various aptitudes and capacities to the business. Emma is a bookkeeping graduate, Des has aptitude in word related wellbeing and security (OHS) and Satish has an IT degree. They chose to fire up a business which would give an entry through which the general population and organizations could access (for nothing) data on all parts of OHS. OHS Solutions would back its business, and make benefits, by charging organizations to promote by means of their site. The chiefs of OHS Solutions are: Overseeing Director Des Account Director Emma (non official) Chief Satish (official utilized likewise to run the innovative side of the business) Chief Ying (non official) a companion of Des and executive of Support Pty. Ltd. (Backing Pty. Ltd. has gone underwriter for a $50,000 credit from the Business Bank Ltd. to OHS Solutions) The Shareholders of OHS Solutions (holding equivalent measures of conventional offers) are Des, Emma, Satish and Support Pty. Ltd. As at January 2007 OHS Solutions had been working for a half year. It had some underlying IT issues which kept a portion of the publicists material from being gotten to. So as to attempt to help conquer these specialized issues Satish drew in Trouble Shooters Pty. Ltd. At the February Board meeting, Satish revealed that two organizations who had paid to promote on the site were disappointed with what was occurring and were taking steps to sue for penetrate of agreement. Emma couldn't table any money related data as the worker who had been doing the records had been debilitated and when Emma took a gander at the records she saw that they appeared as in somewhat of a wreck. She found a huge record from Trouble Shooters that was over due. Des revealed that he was upset by this news. He had been told by Satish that the IT issues experienced been fixed since Difficulty Shooters had been locked in, and he had quite recently marked a $10,000 publicizing contract with Promotions Plus Pty. Ltd. to publicize the site and joined to go to an expo to be held related to an imminent OHS meeting. He said this was required in light of the fact that various prominent promoters were taking steps to end their relationship with OHS Solutions except if the entry turned out to be better known. Ying just tunes in dismay at the March Board meeting. Her couldn't help thinking that OHS Solutions is by and large ineffectively oversaw and is neglecting to benefit as much as possible from a conceivably productive business opportunity. This could introduce an open door for Support Pty. Ltd. to make a proposal to purchase OHS Solutions at a decent cost. Then again Support Pty. Ltd. is uncovered as an underwriter. Accept she counsels you, a bookkeeper, for your fundamental view about the difficulty of OHS Solutions and what she ought to do. Expect additionally that the main thing that rings a bell is in the case of Ying herself might be powerless as a chief of OHS Solutions for neglecting to keep OHS Solutions from exchanging when it is indebted. Section A Compose a short clarification regarding why the executives obligation to forestall indebted exchanging exists and the conditions and outcomes of the cloak of fuse being lifted for wiped out exchanging. (Don't simply rehash the expressions of the significant areas in the Corporations Act). Part B From what you are aware of OHS Solutions bind, DISCUSS whether any of the executives might be going to penetrate or have just penetrated the obligation to forestall ruined exchanging. (So as to do this you should look at what's going on in OHS Solutions case with other point of reference cases and allude to the pertinent areas in the Corporations Act.) What will you exhort Ying? Answer: Section A Each organization has a chief or a top managerial staff who are answerable for sparing the organization in awful and great occasions. The case that has been given gives a circumstance where the executives need to adhere to their obligations and take a gander at the organization as their first need. Certain segments set down in The Corporations Act 2001 educates us concerning the individual obligations that a chief has in various circumstances here it being the cloak of joining and to forestall bankrupt exchanging request to comprehend what might be the response to the particular inquiry, the above expressions is the thing that we have to comprehend before illuminating the areas which reveal to us progressively about the given the situation which discloses to us how the executive to follow these segments and satisfy their obligations when the given circumstances emerge. wiped out exchanging is the point at which the executive of the organization continues into exchanging when the orga nization is under water, it is increasingly similar to bringing about obligations when the organization if wiped out or state debted to other people. Indebtedness as known is a circumstance when one gathering owes the other party an entirety of cash which is expected. Area 588G of the Corporations Act 2001 educates all the more regarding the obligations of executives particularly at the hour of indebtedness, and finishes the uncertainty explanation by expressing that it is the chiefs obligation to forestall wiped out exchanging by the organization. The primary provision expresses the accompanying focuses It might be applied if the given individual is the executive of the given organization when the organization faces a circumstance where incurrence of obligation happens. The bankruptcy of organization is available and it is continuing causing obligations. There is proof that the organization is ruined, or that it may get wiped out sooner rather than later. It is the point at which the beginning of this Act had happened and henceforth would consider the executives subject. This is the circumstance which has been referenced for the situation study where the organization OHS arrangements are being not able to reimburse the credit taken from Trouble Shooters Pty. Ltd, reason being bankrupt exchanging. This segment further clarifies the obligations the chiefs have however area 588H additionally accommodates the safeguard that the executives have if the above is demonstrated. The executives will be regarded at risk just if the previously mentioned focuses stand valid. The piece of this segment which brings up this as an offense is area 588G(3) which says that it is an offense if: The individual demonstration which was so as to forestall the organization was exploitative. The person(s) knew about the current of the not so distant future bankruptcy of the organization. The organization is indebted truly, or that it would become wiped out if any obligation acquires. At the point when the obligation acquires, the person(s) happens to be an executive of the particular organization. What's more, the most significant point being that the organization brings about an obligation. At the point when the above focuses or one of the above focuses is satisfied it turns into an offense in the piece of the chief. Thus we realize that it is the executives obligation to keep the organization from ruined exchanging as referenced in the Corporations Act. The table given is referenced in the Corporations Act- At the point when obligations are acquired [operative table] Activity ofcompany At the point when obligation is caused 1 delivering a profit at the point when the profit is paid or, if the companyhas aconstitutionthat providesfor the assertion of profits, when the profit is proclaimed 2 making a decrease of offer money to which Division1 of Part2J.1 applies (other than a decrease that comprises just of thecancellationof an offer or offers for no thought) at the point when the decrease produces results 3 repurchasing shares (regardless of whether the thought isn't a total certain inmoney) when thebuy-back agreementis went into 4 redeemingredeemable inclination sharesthat are redeemable at its choice when thecompanyexercises the alternative 5 issuingredeemable inclination sharesthat are redeemable in any case than at its alternative at the point when the offers areissued 6 monetarily helping apersonto acquireshares (orunitsof shares) in itself or aholding organization when theagreementtoprovidethe help is gone into or, if there is noagreement, when the help is given 7 going into anuncommercial transaction(within the significance ofsection588FB)other than one that acourt orders, or aprescribedagencydirects, thecompanytoenter into when thetransactionis went into Next point that we know is that it is likewise the chiefs obligation to forestall the shroud of joining (Gas Lighting Improvement Co Ltd v Inland Revenue Commissioners (1923) AC 723) being lifted for wiped out exchanging including the conditions and the results. One of the most significant reasons why an organization is fused is on the grounds that the lawful risk of the organization is something which is kept separate from the person, who is associated with the organization. At the point when we consider the given case we see that this shroud guarantee that the organization is by and large a different lawful element and that it isn't engaged with the chiefs or the investors individual resources. One of the main cases which managed the cover or fuse is Briggs v James Hardie Co Pty Ltd, where the organization was given the different lawful substance separated from its individuals. Be that as it may, the inquiry is what are the conditions and results of lifting of shroud or consolidation. It fundamentally implies a circumstance when the corporate character of the organization is overlooked and it is checked upon with regards to who has the genuine command over the organization, and who the extortion as the case possibly seems to be. In Re Edelsten ex parte Donnelly the court expressed that The contention [of fraud] is, obviously round. It can possibly succeed if the contention of hoax succeeds, in such a case that no property was obtained by, or regressed upon, Edelsten, no obligation equipped for being sidestepped could emerge under the ActThe accommodation that the VIP Group had been utilized to execute an extortion was incidental, and stood, or fell, with the entries which looked to have the exchanges, by which the VIP Group gained property, treated as tricks. Purposes behind lifting or puncturing of this cover could be one of the accompanying; or rather the

The Affect Heuristic and Decision Making

The Affect Heuristic and Decision Making Theories Cognitive Psychology Print The Affect Heuristic and Decision Making By Kendra Cherry facebook twitter Kendra Cherry, MS, is an author, educational consultant, and speaker focused on helping students learn about psychology. Learn about our editorial policy Kendra Cherry Updated on October 01, 2019 Chris Ryan/Getty Images More in Theories Cognitive Psychology Behavioral Psychology Developmental Psychology Personality Psychology Social Psychology Biological Psychology Psychosocial Psychology The affect heuristic is a type of mental shortcut in which people make decisions that are heavily influenced by their current emotions. Essentially, your affect (a psychological term for emotional response) plays a critical role in the choices and decisions you make. It might not come as much of a surprise to learn that your emotions influence all types of decisions, both big and small. After all, you might already know that you are more likely to take risks or try new things when you are happy, but less likely to go out on a limb when youre feeling glum. If youve ever gone with your gut feeling when faced with a difficult decision, you are probably relying on the affect heuristic. In psychology, a heuristic is a mental shortcut that allows people to make decisions quickly and efficiently. In this case, it is the way you feel (your affect) toward a particular stimulus that influences the decisions you make. How It Works Your feelings of the relative goodness or badness of a particular person, object, or activity impact the decisions that you ultimately make. So how much of your emotions might influence your decision-making and what impact might it have on your life? Researchers have found that when you are in a positive emotional state, you are more likely to perceive an activity as having high benefits and low risks.If your emotional state is negative, on the other hand, you are more inclined to see the activity as being low in benefits and high in risk. Example Imagine a situation in which two children arrive at a local park to play. One child has spent a lot of time playing on swings at a neighbors house, so he has nothing but positive feelings when he sees the swing set at the park. He immediately makes the decision that the swings will be fun (high benefit, low risk) and runs to play on the swings. The other child, however, recently had a negative experience while playing on the swings at a friends house. When he sees the swings at the park, he draws on this recent negative memory and decides that the swings are a bad choice (low benefit, high risk). Impact of the Affect Heuristic Much like other heuristics, the affect heuristic has its advantages and disadvantages. While such mental shortcuts allow people to make quick and often reasonably accurate decisions, they can also lead to poor decision-making. How the Availability Heuristic Affects Decision-Making Consider how advertising can sometimes make unhealthy activities such as smoking or eating unhealthy foods seem both positive and appealing. These ads can sometimes influence the emotions of consumers, which can lead to poor health decisions and risky behaviors that can have serious, long-term consequences. A 1978 study by Fischhoff et al. played a significant role in the study of the affect heuristic. The researchers discovered that judgments of benefits and risks were negatively correlatedâ€"the greater the perceived benefit, the lower the perceived risk. At the same time, the more risky behaviors seem, the less the perceived benefits were. Certain behaviors such as drinking alcohol and smoking were viewed as high-risk, low-benefit while other things such as antibiotics and vaccines were seen as high-benefit, low-risk. Researchers have also discovered that emotions can also influence the judgments people make about statistical information. In one study, clinicians were presented with recidivism rates that were either presented as probabilities (such as 30%) or frequencies (such as 30 out of 100). The clinicians rated mental health patients as presenting a higher risk when the numbers were presented as frequencies rather than probabilities. Why? Researchers suggest that presenting the data as frequencies lead to more extreme judgments on the part of clinicians because it creates a mental image of the individual lapsing back into their old behaviors. A Word From Verywell Clearly, the affect heuristic can have a powerful influence on decisions both large and small. So what can you do to prevent emotions from contributing to poor decision making? Simply being aware of the phenomenon might be helpful. Perhaps by being aware of your tendency to be swayed by your feelings and emotions, you will be better able to make more objective and clear-minded decisions in the future. Research also suggests that talking to yourself in the third person can be an effective form of self-control. The next time you need to make a decision during an emotional moment, take a moment to talk silently to yourself using the third person. It might help you stay calm, collected, and level-headed, a strategy that may prevent bad decisions made in the heat of the moment.

An Effective Teacher Of Primary English And Literacy

Assignment 3: Essay Discuss the attributes and skills needed to be an effective teacher of primary English and literacy The attributes needed to be an effective teacher of primary English and literacy are as follows. Firstly, a good teacher must know have an in depth understanding of the subject matter and how to help students learn those subjects. They must recognize how knowledge is constructed in the discipline, as well as how it can be linked to other disciplines. I believe knowledge of the discipline ensures students are exposed to modes of critical thinking, and encourage them to analyze, apply, synthesize, and evaluate. Secondly, a teacher must know how to make the subject come alive for their students. They must realize students†¦show more content†¦The methods used to engage students, such as, multimodal sources and narrative. In addition, to different forms of assessment, the ways in which teachers use assessment and the effects of assessment on students. Teaching essential skills The Australian English curriculum is based on three interrelated strands of language, literature and literacy. Together, the three strands focus on developing receptive skills, such as listening, reading and viewing, as well as productive skills including, speaking, writing and creating (Australian Curriculum, 2015). In order to develop these skills teachers need to instill in children key concepts such as phonemic awareness. Phonics, as a teaching theory, was established in the early nineteenth century (ref). It can be defined as a system of teaching reading that builds on the alphabetic principle, a system of which a central component is the teaching of correspondences between letters or groups of letters and their pronunciations (Adams, 1994; Liu, 2010). English is a complex language with thousands of words. Therefore teaching students 42 sounds or phonics is far more effective than focusing on words as a whole (DeCeuklaire, 2015). There are many benefits that come from teaching p honics, for example, phonics assist in the decoding of unfamiliar words, improve comprehension, expand students vocabulary and increase their ability to read fluently

Ufo Truths and Lies - Free Essay Example

Sample details Pages: 3 Words: 870 Downloads: 10 Date added: 2017/09/16 Category Advertising Essay Did you like this example? When is the truth a lie?.. When it is only half told. The truth like an arrow in flight, if it deviates by a plus or minus . Don’t waste time! Our writers will create an original "Ufo Truths and Lies" essay for you Create order 0 degrees, in any direction, will not hit its mark. True it may come pretty close, may fall with in acceptable boundaries, but more times than not it will miss the mark altogether. Seems to me people always say they want that arrow (the truth) to hit dead center bulls eye all the time, but because of hidden agendas though the aim, was true when the arrow was loosed, the arrow ends up being deflected by things beyond the archers control and never is a solid hit. It is time for people to realize the government is not the only one that, under the guise of looking out for the public good or doing the right thing, because of their actions, turn whole truths into full lies, for a half truth is still a whole lie is it not, for there are no such things as half lies, lies are lies, and that is that Today the UFO and Alien Abduction Phenomena has finally stepped from the shadows and has taken its place in the full light of public awareness. Now we see flying saucers and aliens used to sell us any and everything from A to Z. This is good to some extent for now people from all walks of life are finally taking an active interest in this ancient phenomena. Still I feel we have a long way to go before we will ever, if we ever, make heads or tails out of the riddles of UFOs and ETs. Today they are being called everything from Angelic to Demonic, to Ascended Masters, and this can well be understood because the phenomena crosses all of the boundaries of the paranormal. If we are ever to get a handle on this slippery perplexation we must be willing to toss aside old ways of seeing and believing and be willing to look at things that we have been over looking either because of our fear of being ridiculed as fools by our government, gullible by the scientist, or heretics by our church. All the while these very same institutions claims it is for the good of the public that we forget this stuff and go on with our lives for it will drive you crazy, send you into a cult, or to hell. So far depending on which of these three institutions the investigators hale from this phenomena is viewed differently. If it is a government investigation it will not tell all it finds out because of National Security. If is a scientific investigation anything of a non tangible nature will be ignored. If it is a religious group anything that smacks of paganism, E. S. P, witchcraft, or magic will be excluded. Thus in the end, none of the nvestigators ever allow themselves access to the full scope of the phenomena they are trying, or at least claiming to try to investigate. It all depends on the mind set of the investigator that the True Experiencer tells their encounter to as to the spin that will be put on it when the a fore said Investigator retells and retails the Experiencers story. Very often those points of the Experiencers experience that clash with their ( the Investigators ) belief systems will be left out of the report or twisted to mean something else. Sometimes this is deliberate but at times it is accidental for the Investigators more times than not is not an Experiencer, and so over looks the subtleties of the encounter for the more sensual or sensational points of it. There in is the problem, for as I have learned because of my many encounters, the ETs tend to speak more to that part of the mind we call the sub conscience for that is the realm of the Quantum Mind. It is because the Investigators focus mainly on the realm of the Linear Mind ( the physical ) they often over look the deeper meanings and obvious messages and information that are sometime passed during the encounter. The Linear Mind speaks person to person, The Quantum Mind speaks Species to Species. I will explain by using the Betty Hills encounter for that is well known. Betty Hill was given a book by one of the beings she encountered, which she wanted to keep as proof that what she had experienced was real, and was told she could keep it, but the book was taken away. She was shone a star map that she was told was useless for her if she did not know where she was located on the map. A needle was put into her navel and she was told it was a test for pregnancy, but she knew that, that was no pregnancy test she had ever heard of. When these actions are viewed Linearly , that is to say in the context of the every day mind of her time these entities were deceitful tormentors. Today we know that the star map she was shone was accurate and did pinpoint the area that she was told the entities came from Zeta Reticula.

What is a SWOT analysis Free Essays

SWOT Analysis stands for Strengths, Weaknesses, Opportunities and threats. It is a strategic planning tool which is used by businesses and organization to set a comprehensible rationale of the project. [1]This analysis is not only aimed at analyzing the internal factors but it also scans the external environment. We will write a custom essay sample on What is a SWOT analysis? or any similar topic only for you Order Now Strengths and weaknesses are usually taken as internal environmental factors while opportunities and threats are viewed as external environmental factors. It helps a company in formulating strategies and utilizes the firm’s resources in the accurate vicinity. Strengths would highlight the areas where investments should be made to further enhance the product or service and make it as a competitive advantage for the company, e.g. low cost. Weaknesses would tell a firm that improvement is required in a particular area, e.g. weak distribution network. Opportunities would define the areas which are not being targeted by the company and investing in that area would bring chances of growth and profit, e.g. an unmet customer need. There may be some changes in the external environment which can be a threat for a company, e.g. a new substitute product.[2] SWOT analysis should be performed for every area of the businesses and it should be repeatedly done for every market. What is its purpose in strategic planning? Strategic planning basically helps a business to set its overall objectives and then build a comprehensive plan to accomplish those objectives.[3] In doing so, SWOT analysis performs an important function by highlighting the strengths and weaknesses and spotlighting the opportunities and weaknesses. Through this in-depth market analysis, companies can set their goals in the right direction. Do you have to conduct a SWOTT Analysis to have an effective strategic plan? Why or why not. Yes, it is necessary to perform a SWOT analysis for building an effective strategic plan. The reason is that it tells a company what has been done well, so as to focus in that area to earn higher profits. Then it highlights the internal harmful factors that can be improved by a company. Not only this, it gives insights for better opportunities in the market. [4] SWOT Analysis also informs about potential threats for a business. It is an immense planning tool that will help in building a winning strategic plan for a company. Week 2 DQ 2 What are the key planning factors for competitive success? Key planning factors for an organization will differ from company to company. However, we can perform a general industry analysis, along with competitor analysis and macro environment analysis. These factors drive the strategy of a company, so it is important to understand then properly. For achieving competitive success, type of business must be taken into account. Some suggested key planning factors for competitive success are:  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Focus on strategic planning  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Right implementation of the strategy  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Time management of the entire project  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Using project management techniques for effective planning  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Research and development  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Acquiring land and maintaining liquidity  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Well-constructed product  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Establishing efficient channels of distribution  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Providing after-sales support  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Communicating every decision to everyone in the organization  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Involvement of every employee in decision marking[5]  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Teamwork and Collaboration between all departments  ·Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Following principles of Ethics Provide an example of an organization that has achieved competitive success through planning. An example of an organization that has achieved competitive success through planning is â€Å"Nestlà ©Ã¢â‚¬ . It is a leading nutrition and health company. They have diversified into new areas by creating value for their products.   They were able to achieve that through long term planning by creating value for their shareholders, employees, consumers, and business partners. They strategically planned for the development of their research centers across the globe which is now one of their competitive advantages. Their entry into different countries and creating products with respect to the tastes and culture of that country was also a part of their strategic planning process. This planning is helping them to achieve their long term vision, i.e. creating shared value for society and shareholders.[6] Provide an example of an organization that has failed to achieve competitive success as the result of failed planning. An example of an organization that has failed to achieve competitive success as the result of failed planning is Hershey’s. It is a leading manufacturer of chocolates, confectionaries and beverages in United States of America. Hershey’s was in process of implanting an ERP Solution and they decided to choose SAP ERP. But this implementation failed and caused heavy loss to the company in terms of profits and sales. The reason was not any technical mistake by the vendor but poor planning by Hersey’s. They choose wrong time for implementation when business was at its peak. They made a blunder of restructuring the business process and changing it in a wrong way without doing strategic planning. They spend most of the time on ERP implementation which interrupted the day to day operations of the business, creating confusions for the employees. They might have avoided this issue if they remained focused and planned out all activities properly before implementation. They should have set their priorities in a strategic manner by looking at the business prospects from all angles.[7] Bibliography: What is SWOT Analysis(2010), Retrieved from http://www.wisegeek.com/what-is-swot-analysis.htm Strategic Management(2010), Retrieved from http://www.quickmba.com/strategy/swot/ Strategic Planning(2010), Retrieved from http://www.businesslink.gov.uk/bdotg/action/detail?itemId=1079687246type=RESOURCES Roger Lever (Dec 10, 2008), Retrieved from http://strategic-business planning.suite101.com/article.cfm/use_swot_analysis_for_strategic_planning Key Success Factors in Strategic Planning By Bill Birnbaum, CMC(2009) Retrieved from http://www.birnbaumassociates.com/key-success-factors.htm Retrieved from http://www.nestle.com/AllAbout/AllAboutNestle.htm Analyzing ERP failures in Hershey, Retrieved from http://www.erpwire.com/erp-articles/failure-story-in-erp-process.htm [1] What is SWOT Analysis(2010), Retrieved from http://www.wisegeek.com/what-is-swot-analysis.htm [2]Strategic Management(2010), Retrieved from http://www.quickmba.com/strategy/swot/ [3] Strategic Planning(2010), Retrieved from http://www.businesslink.gov.uk/bdotg/action/detail?itemId=1079687246type=RESOURCES [4] Roger Lever (Dec 10, 2008), Retrieved from http://strategic-business planning.suite101.com/article.cfm/use_swot_analysis_for_strategic_planning [5] Key Success Factors in Strategic Planning By Bill Birnbaum, CMC(2009) Retrieved from http://www.birnbaumassociates.com/key-success-factors.htm [6] Retrieved from http://www.nestle.com/AllAbout/AllAboutNestle.htm [7] Analyzing ERP failures in Hershey, Retrieved from http://www.erpwire.com/erp-articles/failure-story-in-erp-process.htm How to cite What is a SWOT analysis?, Papers

Dante Essay Example For Students

Dante Essay Dantes Inferno and The Garden of Earthly DelightsThe Garden of Earthly Delights painted by Hieronymus Bosch, depicts many vivid fictional scenes in triptych style. The right wing of the triptych depicts Hell and the causes of mans downfall, which Dante wrote about in the Inferno. Dante tries to convey to all humanity the consequences of human actions and the levels of hell that he believes exist for different levels of sins. Dante divides Hell up into ten different circles, and there is an upper and a lower level of Hell. Dante and Bosch have similar views on the evil within people and this evil is represented in their works, whether it transpires in a painting or in a book. This evil is evident in the right wing of The Garden of Earthy Delights, which can be used to portray scenes from almost all of Dantes circles of Hell. Fire is seen in much of the painting, which can be symbolic of death. Fire is one of the only elements man can create so fire can also be seen as a symbol of mortality. Virgil said, I come to lead you to the other shore, into eternal darkness, ice, and fire. (Canto III: line 87) This quote shows the connection of fire and Hell. Fire can also be representative of the Holy Spirit and this relates to Dante who ties religion into the Inferno. Fire is the background of much of the top of the painting. Virgil said, Eternal fire burns within, giving off the reddish glow you see diffused throughout this lower Hell. (VII: 73-75) Another scene in Boschs painting that is striking appears towards the bottom and in the middle of the painting. A red instrument that is large and rounded has figures circling around it, some of which are dressed like nuns and one who is dressed like a Pope. These figures may be representative of Dantes belief in God and the Church which are two themes in the Inferno. Dante mentions Pope Nicholas III, Pope Boniface VIII, and Pope Clement V who are in hell for corrupting ecclesiastical offices in the Church and profiting from their actions. You have built yourselves a God of gold and silver! How do you differ from the idolator, except that he worships one, you worship hundreds? (XIX: 112-114) This could be why the Pope and nuns in The Garden of Earthly Delights are in Hell. They are also seen lamenting as they walk around the instrument, and according to Dante, lamenting is often heard in Hell. An additionally poignant scene in the painting is the part where a man is seen pierced through by a key. This is symbolic of a rich man who tries to keep his belongings all to himself by always guarding them, as under lock and key, and not sharing his wealth. In the Inferno, Dante says that these hoarders are unrecognizable because they spent all their time with their material goods and were otherwise undistinguished in life. Virgil says, It was squandering and hoarding that have robbed them of the lovely world, and got them in this brawl. (VII: 58-59) Selfishness is a quality that both Bosch and Dante look down on completely and selfish actions are some of the worst. In the center of the painting a man is seen climbing a ladder into the disemboweled chest of a man. This climbing man is representative of people bringing about their own punishments. For instance, Dante looks down greatly on people who have committed suicide, as does the Church. In the Inferno, these people are ripped apart by dogs in the Wood of Suicides. They sank their fangs in that poor wretch who hid, they ripped him open piece by piece, and then ran off with mouthfuls of his wretched limbs. (XIII: 127-129) To the right of the disemboweled man are animals that look like rats are eating away at a person dressed in armor. .u6cb975dc92ba34005593f66a328d66f1 , .u6cb975dc92ba34005593f66a328d66f1 .postImageUrl , .u6cb975dc92ba34005593f66a328d66f1 .centered-text-area { min-height: 80px; position: relative; } .u6cb975dc92ba34005593f66a328d66f1 , .u6cb975dc92ba34005593f66a328d66f1:hover , .u6cb975dc92ba34005593f66a328d66f1:visited , .u6cb975dc92ba34005593f66a328d66f1:active { border:0!important; } .u6cb975dc92ba34005593f66a328d66f1 .clearfix:after { content: ""; display: table; clear: both; } .u6cb975dc92ba34005593f66a328d66f1 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u6cb975dc92ba34005593f66a328d66f1:active , .u6cb975dc92ba34005593f66a328d66f1:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u6cb975dc92ba34005593f66a328d66f1 .centered-text-area { width: 100%; position: relative ; } .u6cb975dc92ba34005593f66a328d66f1 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u6cb975dc92ba34005593f66a328d66f1 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u6cb975dc92ba34005593f66a328d66f1 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u6cb975dc92ba34005593f66a328d66f1:hover .ctaButton { background-color: #34495E!important; } .u6cb975dc92ba34005593f66a328d66f1 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u6cb975dc92ba34005593f66a328d66f1 .u6cb975dc92ba34005593f66a328d66f1-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u6cb975dc92ba34005593f66a328d66f1:after { content: ""; display: block; clear: both; } READ: Gender Identity in Marge Piecys Barbie Doll Essay This could be symbolic of crimes against ones country. And that you may report on me up there, know that I am Bertran de Born, the one who evilly encouraged the young king. (XXVIII: 133-135) Dante portrays the figure of Bertran as a man who is holding his head that has been cut off. With regards to the disemboweled person, Wrong is it for a man to have what he once cast off. (XII: 104-105) There is a woman at the bottom right of the painting that is being held by a kangaroo type creature. This creature may represent the invisible force that Dante believes is inside a sinner that makes him do the things he does, whether it be caused by mental or physical suffering. One of the sinners in the Inferno, an Impersonator, kept craving water. He said, O you who bear no punishment at all (I cant think why) within this world of sorrow, he said to us, pause here and look upon the misery of one Master Adamo: in life I had all that I could desire, and now, alas, I crave a drop of water. (XXX: 58-63) There is a man pictured near the woman and he is throwing up. This could also be representative of the evil inborn in sinners. At the bottom left side of the painting is a man about to be eaten by a termite who has a game table on his head. This is illustrating that the tables are turned on the man who has committed some terrible crime. In the Inferno this is represented by Lucifer eating the three worst sinners, Judas Iscariot, Brutus, and Cassius, all who betrayed their benefactors. Dante said, In each of his three mouths he crunched a sinner, with teeth like those that rake hemp and flax, keeping three sinners constantly in pain; the one in front- the biting he endured was nothing like the clawing that he took: sometimes his back was raked clean of its skin. (XXXIV: 55-60) Judas was being punished for betraying Christ. The three heads of Lucifer may stand for the Trinity in some kind of twisted way. Dante and Bosch feel that lust corrupts man and mans corruption is evident is his actions. Dantes Inferno takes the reader through different levels of Hell, and as the levels get lower, the punishments increase in their frightfulness. Boschs Garden of Earthly Delights is almost a pictorial representation of Dantes Inferno. Dante feels that the ultimate sin is one against God and the Church and consequently, Lucifer instates the ultimate punishment. Some of the ideas painted by Bosch are vague and can be analyzed in many ways. The ears with the arrow though them and knife between them may be seen as punishment inflicted by others but it can take on different significance. Both Bosch and Dante come across as disturbed people because the graphic images they create are not pleasant but rather evil. One wonders if they created such disturbing images because they led unhappy lives or if they were expressing hidden emotions in their works. The right wing of the triptych of Boschs Garden of Earthly Delights manifests ones worst nightmares all in one painting. Dantes Inferno can be seen as a guide for people to live by so that they do not end up in Hell like the sinners in his book.Words/ Pages : 1,223 / 24