Treating Your Sweet Tooth

Abigail Young Mrs. Spar English III Compare/Contrast Essay (2nd draft) February 22, 2013 Treating Your Sweet Tooth The debate about ice cream versus frozen yogurt (froyo) is spreading like a wildfire. People looking at the differences; what they do not know is how they are also similar. Ice cream and frozen yogurt have both similarities and differences when it comes to their history, ingredients and nutrition. Before ice cream was known as ice cream, many ancient civilizations served mixtures of ice (or snow from the mountains) with juices, milks, spices and fruits.This became a major delicacy around the world, this delicacy soon became known as sorbet and was eaten by many people who could afford it. Soon after, sorbet became known as ice cream, which was introduced to America by the Quaker colonists who brought their ice cream recipes with them as they immigrated to the United States. After hearing about a delicacy that was similar to ice cream, frozen yogurt was first introduced t o England and became more of a sensation. Frozen yogurt also being sweet and creamy but contained less calories.The northeast, USA was introduced to frozen yogurt in the 1970's. In the 1980's is when frozen yogurt really took off, reaching sales of $25 million in 1986. In the early 1990's, frozen yogurt was 10% of the frozen dessert market. (Wikipedia Encyclopedia) The main ingredient in ice cream is, obviously, cream. Ice cream contains more than 10% milk fat and more then 20% milk solids. Nowadays, one can find low-fat ice creams with half the fat. In addition, ice cream contains sweeteners, emulsifiers, stabilizers, gelatin, high fructose corn syrup, flavorings, water, and air.Air gives ice cream the volume. Unlike ice cream, frozen yogurt's main ingredient is yogurt made from milk. So much like ice cream, frozen yogurt also contains milk solids, milk fats, sweeteners, yogurt culture, emulsifiers, stabilizers, gelatin, high fructose corn syrup, flavorings, water, and air. Air, mu ch like ice cream, gives frozen yogurt its volume. In addition, ice crean and frozen yogurt are very similar when it comes to nutrition. Neither of them are very nutritous but are both very satisfying to your sweet tooth.Although frozen yogurt is lighter in calories and fat, frozen yogurt is not a heathier alternative to ice cream. One needs to be smart with how much ice cream he is eating. Also, one should watch what he is putting on top of his yogurt, making either the ice cream or frozen yogurt less in fat, sugar and calories. Different in many ways, ice cream and frozen yogurt are both, needless to say, delicious. Although different in their history, ingredients and their nutritional value, one does not want to eat a lot of both them. Both are acceptable every once in a while to enjoy.

Discuss the role of dreams in Of Mice and Men and their impact upon some of the novels main characters Essay

â€Å"Of Mice And Men† written by John Steinbeck was set in 1930’s in America, in a time which came to be known as ‘The Depression’. It was a time of severe financial hardship, which caused thousands of people to lose their jobs and homes. Families were often broke up as men were forced to become migrant workers in order to survive. Also, the cultural climate was different. Minority groups, such as black people, women, or people with learning difficulties would be subjected to prejudice as a matter of course. During the 1930s, life was difficult, many people kept their lives going with dreams, this depressing period was gave rise to what became known as ‘The American Dream’. The American Dream was the idea of escaping that time of loneliness and depression by getting your own home that you and your family would never have to leave. The novel’s most important characters, George and Lennie, share a dream for one day to own their own ranch and â€Å"live off the fatta the lan†. They want to become the boss of their own ranch also their own boss and have a dream house. In the novel, George and Lennie’s dream was the closest to ‘The American Dream’ than anyone else in Of Mice and Men. It was very important to both of them. Lennie normally remembers nothing through his life except for this, this meant that it was very important to him-his and Lennie’s ‘American Dream’. â€Å"Lennie broke in. ‘But not us! An’ why? Because..because I got you to look after me and you got me to look after you and that’s why.’ He laughed delightedly, ‘Go on now George! You got it by heart you can do it yourself!† George and Lennie use the story as a way to help them get by at times to help both of them get through tough times. â€Å"George’s voice became deeper. He repeated his words rhythmically as though he had said them many times before. ‘Guys like us, that work on ranches, are the loneliest guys in the world. They got no family. They don’t belong in no place. They come to a ranch an’ work up a stake and then they go into a town and blow their stake, and the first thing you know, they’re poundin’ their tails on some other ranch. They ain’t got nothing to look ahead to.† â€Å"Some day,-we’re gonna get the jack together and we’re gonna have a little house and a couple of acres an’ a cow and some pigs.† In Chapter three, George and Lennie allow Candy to join in their dream. Candy wants to join them because he knows that he is useless, he has nothing in life to live for and he is also too old. But he is afraid that if he is useless and everyone else knows it, the others will kick him out of the ranch and he does not want that to happen so he tries to join in with George and Lennie’s dream. â€Å"Tell you what†¦Ã¢â‚¬â„¢S’pose I went in with you guys. That’s three hundred an’ fifty bucks I’d put in. I ain’t much good, but I could cook and tend the chickens and hoe the garden some. How’d that be?† â€Å"When they can me here, I wisht somebody’d shoot me. But they won’t do nothing like that. I won’t have no place to go, an I can’t get no more jobs.† While the ranch-hands never openly discuss their loneliness, Curley’s wife spends most of her time in the novel searching for company. She always looks for Curley around the ranch when she already knows he’s not there. â€Å"I’m tryin’ to find Curley, Slim’ ‘Well, you ain’t tryin very hard. I seen him goin’ in your house.† She is the only female there; therefore she has no one to talk to and not much company so she flirts with the other men to help her communicate with them which is the only thing she wants, someone to talk to and listen to her. Curley’s wife thought that she would have everything to live for, after marrying Curley but which it turned out wrong, horribly wrong, she’s with a man who doesn’t even love her and spends a lot of his time without her, especially that all she needs is attention. â€Å"Curley’s wife lay with a half-covering of yellow hay. And the meanness and the planning and the discontent and the ache for attention were all gone from her face.† Crooks, the negro stable buck, is an obviously lonely character, he does not interact with any other people because of the colour of his skin and he knows everyone will treat him badly because of it. So he is forced to be alone. Even when Lennie tries to make friends with him, Crooks argues right back at him because of the way he was treated as nothing. â€Å"Lennie smile helplessly in an attempt to make friends. Crooks said sharply ‘You got no right to come in my room. This here’s my room. Nobody got any right in here but me.† When Crooks was at his childhood, he actually played and was mainly around other white children until their parents told them about the issue and not to mix in with other black children, that is what Crooks wants now, to be accepted. The impact of the dreams: None of the characters in the novel actually achieve their dreams, despite coming very close on occasions. George and Lennie try to fulfil ‘The American Dream’ but Lennie soon dies, so George cannot accomplish his dream without Lennie especially as the dream is most important to Lennie, despite these characters coming very close to the dream. When Lennie died, George made sure he died happily with their dream in memory. â€Å"We’ll have a cow,’ said George, ‘An we’ll have maybe a pig an’ chickens†¦ an’ down the flat we’ll have a†¦. little piece alfafa†¦Ã¢â‚¬  This is where we see them discussing the dream one last time. â€Å"Lennie begged, ‘Le’s do it now. Le’s get the place now.’ ‘Sure, right now. I gotta, We gotta.’ And George raised the gun and steadied it, and he brought the muzzle of it close to the back of Lennie’s head.† Curley’s Wife also wanted to be famous, glamorous and to be wanted but she gets accidentally killed by Lennie so she also cannot achieve her dream, but in other words, she is also escaping from a miserable life with Curley. Candy is also in on the dream with George and Lennie, but when Lennie dies, Curley knows the dream is no more without him. â€Å"Now Candy spoke his greatest fear. ‘You an’ me can get the little place can’t we, George? You an’ me can go there an’ live nice, can’t we, George, can’t we?’ Before George answered, Candy dropped his head and looked down at the hay. He knew.† John Steinbeck chose to have all the main characters’ dreams come to nothing because that is what life is, especially the serious issues, such as: Women, Black people and People with learning difficulties. He wanted his book to be historically accurate, as well as an accurate portrayal of life itself. The story was mainly based on the name of the novel from ‘To a mouse’ by Robert Burns, the original lines of ‘The best laid plans of mice and men gang aft agley.’

A Unique Business Plan

[pic] Based on a Study of Business Environment & Entrepreneurship Development History of Entrepreneurship Development & A Unique Business Plan Based on a Study of Business Environment & Entrepreneurship Development Prepared for- Mr. Shuvabrata Saha, Lecturer, Department of Accounting & Information systems, Comilla University. Prepared by- Group name-â€Å" Rising† 4th Year, 1st semester, Department of Accounting & Information Systems , Comilla University. comilla Submission date- July 04, 2011. [pic] Comilla UniversitySalmanpur, Kotbari Comilla April 30, Mr. Shuvabrata Saha, Lecturer, Department of Accounting & Information Systems, Comilla University. Subject: Submission of Term paper on â€Å"History of Entrepreneurship Development & A Unique Business Plan†. Dear Sir, With due respect, we are submitting this Term paper on the topic of â€Å"History of Entrepreneurship Development & A Unique Business Plan†, under the requirement of the course â€Å"Business Envi ronment And Entrepreneurship Development’’, as you have asked us to prepare it on last March 30.We all are thankful to you for your concrete knowledge about the subject matter that helped us to lead the Term paper to its successful competition. We have prepared this according to class lecture, through group discussion and through the help of secondary sources-Internet. And we hope that this Term paper will help us in accomplishing future entrepreneurial matters and as well as to establish a successful business. If you face any disorder or mistakes in interpreting this Term paper than please inform us, so that we can correct our mistakes as early as possible.Sincerely Yours, Tahmina Mannan On behalf of the group-â€Å" Rising†, Department of Accounting & Information Systems, Comilla University. [pic] The preparation of a Term paper and its accomplishment successfully is quiet impossible except someone who can sincerely and constructively assists us to make a Term paper in a benefiting manner. And thus we would like to specially extend thanks to our honorable course teacher, â€Å"Mr. Shuvabrata Saha†, for his guidelines, valuable insights and suggestions regarding the preparation of the Term paper to its completion.It is a great pleasure in submitting the Term paper which is the outcome of our preparing program of a Case Study on â€Å"History of Entrepreneurship Development & A Unique Business Plan†, under the course â€Å"Business Environment And Entrepreneurship Development’’ We are truly gratified and grateful to our honorable Sir, who are for the first time encourages us to make a Multimedia PowerPoint Presentation on this Term paper and made a confidence on us to do such courageous tasks successfully.We hope in future we will get his assistance to make such kind of study and we also hope we will get his solitude indications and valuable advice in future as always. At last we shall be grateful to those pers on who read this Term paper and who shall get benefit from this at present and in future. Tahmina Mannan, On behalf of The Group-â€Å" Rising†, Department of Accounting & Information Systems, Comilla University. [pic] The executive summary that results from this study are to add the following- †¢ History of Entrepreneurship Development in Japan, USA, UK, India, Pakistan, Bangladesh. A Unique Business Plan. Supporting these above topic the following findings and conclusions drawn from the study. Firstly, we have discussed here the history of entrepreneurship development in case of Japan, USA, UK, India, Pakistan and Bangladesh. For the crucial and significance role played by the entrepreneurs in the economic development in the past that reached at today’s advanced entrepreneurship are here briefly examined. Secondly, we have discussed about a Unique Business Plan that are suggested us to be more unique, innovative, infeasible and profitable as well.Thus we have tr ied to present and share here shortly the idea, the concept of a unique business plan. We have also highlighted a group of steps for establishing a business and compared with our Business Plan. [pic] Term Paper Concludes: Page no: History of Entrepreneurship Development1 In Japan6 In USA In UK In India In Pakistan In Bangladesh A Unique Business Plan Recommendation28 Conclusion28 Bibliography29 History of Entrepreneurship DevelopmentEntrepreneurship development essentially requires a process of upward change whereby the real capital income of a country increases over a period of time . Entrepreneurship has an important role to play in the development of a country. It is one of the most important inputs in economic development. The number and competence of entrepreneurs affect the economic growth of the country. The economic history of the presently advanced countries like USA, UK, Japan, India, Pakistan and Bangladesh supports the fact that economic development is the outcome for w hich entrepreneurship is an inevitable cause.The crucial and significant role played by the entrepreneurs in the economic development of advanced countries has made the people of developing and under developed countries conscious of the importance of entrepreneurship for economic development. It is now a widely accepted fact that active and enthusiastic entrepreneurs can only explore the potentials of the countries availability of resources such as labor, capital and technology. The history and role of entrepreneurship is not identical in the various economies.Depending on the material resources, industry climate and responsiveness of the political system, it varies from economy to economy. The contribution of entrepreneurs may be more in favorable opportunity conditions than in economies with relatively less favorable opportunity conditions. The entrepreneurship development of each of these country mainly includes the following in considerations: 1) Employment Generation 2) Nationa l Income 3) Balanced Regional Development 4) Dispersal of economic power ) Better standards of living 6) Creating innovation The characteristics and the history of entrepreneurship development of USA, UK, Japan, India, Pakistan and Bangladesh are discussed here in a brief manner. In USA History and current issue on entrepreneurship in the USA economy was dull in 1980’s . However, they achieved a drastic recovery to return to the highest position in the international economy after 1990’s. We search the roots and history of entrepreneurship in the USA to discuss about the role of it in the USA economy.There is no doubt that entrepreneurship is a corollary of American business. The world's most famous entrepreneurs have been American: Andrew Carnegie, John D. Rockefeller, Jay Gould, Edward H. Harriman, J. P. Morgan, and Pierre du Pont, to name a few. Their very names are synonymous with entrepreneurship. The stories of their success make the concept of entrepreneurship ta ngible. The American economy provides the largest and richest study of how entrepreneurs have advanced technologies, organizations, and social patterns-in short, the full spectrum of human opportunities.Globalization is one aspect of widespread and robust entrepreneurship. To be sure, business practices spawned and developed here are being used all over the world with some variations. The emergence and role of the innovative entrepreneur in the United States from the colonial period to modern times provides a probing exploration of our unique past. The first American colonists were the earliest entrepreneurs in this country. Bearing a positive outlook and pursuing dreams of success, they were the model for generations of entrepreneurs to follow.Yet, unlike their predecessors who found fortune in Europe and other regions of the world, these â€Å"Founding Entrepreneurs had to create a viable operation out of local resources, which had yet to yield anywhere near a competitive return, † says Gunderson in An Entrepreneurial History of the United States. These first capitalists played a critical role in the development of the United States into a global economic power and a country that has, on the whole, created an exemplary standard of living for its citizens.As Gunderson notes, these early entrepreneurs were successful in â€Å"redeploying resources creating exports that were competitive in international trade, and devising organizations that encouraged participants to harness their personal interests toward those of the colony. †Ã‚   An Entrepreneurial History of the United States, first published in 1989, chronicles the story of the nation’s economic beginning, and makes the story compelling by including profiles of famed business figures and companies.The stories of such entrepreneurs as Robert Fulton, John Jacob Astor, Andrew Carnegie, Thomas Edison, and Henry Ford and such companies as AT, DuPont, and Sears Roebuck are told. The history of entrepreneurship falls into phases tied to ever-changing business conditions and social circumstances. In some cases, entrepreneurship helped to usher in new phases; in other cases, it seized on opportunities for new products or services. The interplay between entrepreneurs and colonial society is thus a recurrent theme.The personal attributes shared by entrepreneurs, such as a special knowledge or ability in some field, a drive to apply this knowledge or ability to a business market in a novel way, and a combination of practicality and vision in applying the new idea. However, despite their creativity and drive, few entrepreneurs were overnight successes. Their accomplishments were earned after a long, persistent period of trial and error. The successful entrepreneur was not an especially ingenious individual who took a big risk and saw it pay off. A major misconception is that entrepreneurs assume particularly large risks,† says Gunderson. Rather, â€Å"a development usu ally unfolds as continuing, small problems, where mismanagement of an individual opportunity often can be corrected and then recouped by persistence. † Entrepreneurs are convinced they are on to something even in the face of obstacles and mismanagement in the early stages of their venture. Gunderson notes that, â€Å"As an entrepreneurial venture grows, its members learn about the niche that the product serves.Frequently the firm becomes recognized as the best source of such expertise in the world. †Ã‚   While natural resources, an abundant labor supply, available capital and the Protestant ethic of hard work and thrift all contributed to America's phenomenal economic development, Professor Gunderson, in his remarkably lucid, nontechnical, popular history, accords even greater credit to the motivation and initiative of individual and group entrepreneurs who possessed an ability to change and develop new technologies without which, an economy or society stagnates.Moreove r, he persuasively challenges the view that modern growth did not begin until the Industrial Revolution, citing the entrepreneurial activities of the colonists . He follows the evolution of entrepreneurs from such early 19th century inventors as Fulton, Morse and Cyrus McCormick to the great late 19th and 20th century tycoon-innovators who contributed to the unparalled growth of the country. But many of these entrepreneur-founders, failed to fill the new leadership demands of complex, publicly held mega-corporations, especially in the new service and electronic industries.According to Gunderson, the growth of the U. S. economy since colonial times is due more to entrepreneurial initiative than to the more widely recognized theory of the Protestant work ethic. He retells the economic history of the United States by noting the contributions of many individual entrepreneurs who have, in his opinion, made a difference. This point of view invites comparison with George Gilder's The Spiri t of Enterprise (which ultimately is the more important work.However, Gunderson does contribute an adequate survey of American business history to add to collections on the subject of entrepreneurship. In UK Entrepreneurship has emerged within the past 30 years as a distinctive discipline within the field of Business and Management. Research has shifted from an individual-centric approach which has sought to understand entrepreneurship by focusing on those individuals who exhibit entrepreneurial behaviours towards an environment-centric approach which seeks to locate and understand the situations in which entrepreneurs are found.Neither approach has offered a coherent approach to understanding entrepreneurship. More recently, a consensus has emerged that at the core of entrepreneurship, as a field of study, is the identification and exploitation of opportunities. Shane and Venkataraman define entrepreneurship as â€Å"an activity that involves the discovery, evaluation and exploita tion of opportunities to introduce new goods and services, ways of organising, markets, processes, and raw materials, through organising efforts that previously had not existed†.They go on to scope out the field of entrepreneurship as comprising the following: when and how entrepreneurial opportunities exist; the sources of those opportunities and the forms that they take; the processes of opportunity discovery and evaluation; the acquisition of resources to the exploitation of these opportunities; the act of opportunity exploitation; why, when and how some individuals and not others discover evaluate, gather resources to and exploit opportunities; the strategies used to pursue opportunities; and the organising efforts to exploit them.In view of the economic impact of entrepreneurship, in terms of employment and innovation, and its political significance, there is also a strong applied strand of research which examines policies to promote entrepreneurship and the evaluation of related interventions. However, a major critique of entrepreneurship research is its failure to recognise the significance of time and context and to present its conclusions at least implicitly as being timeless and context free: the so-called rush to simplification and generalization.A key aspiration for this special issue is that it should demonstrate that ‘time matters’. Historical context and the operation of entrepreneurial processes include continuity and change in entrepreneurial processes; the emergence and growth of specific industry sectors; the origins, growth and demise of entrepreneurial places; changing organisational forms; and the economic impact of entrepreneurship. Entrepreneurship has been rediscovered by economists, scholars in managerial sciences, and business historians. Typically, great entrepreneurs led the huge restructuring process of the nineties.But perhaps the most important reason for the awakened interest in the subject has been the abili ty of successful entrepreneurs to ride the great wave of innovation that has taken place in industries such as electronics and information-communication technologies. Their efforts have brought the world into the era of globalization. Entrepreneurship is so critical to the wealth and competitiveness of a nation that all advanced countries have attempted to codify it both for instructional purposes and as an aid in formulating industrial policies. But notwithstanding its acknowledged importance in the economic process, ntrepreneurship is an elusive phenomenon. Entrepreneurship appears in different sizes—from large corporations to small retail shops—and it assumes various forms. It can be the motivation for a scientist to assign economic values to his or her lab activity, or it can be the guiding force for a well-educated manager of a large corporation who utilizes techniques learned in business school. It can also be what pushes the instinctive type who is able to antic ipate demand and build an economic empire. Entrepreneurship can occur over the course of an extended, day-by-day process or it can take place in a dramatic leap.Certainly a good litmus test for detecting the presence of entrepreneurship is whether the person has the capacity to create something new. Then again, innovation does not explain everything. Not everyone we identify as an entrepreneur is an exceptional innovator. There are more hard questions rather than definitive answers in the attempt to grapple with the definition of entrepreneurship. Some of the relevant questions would be these: What are entrepreneurs engaged in besides simple innovation? Who are they? Are they individuals who risk their own money? What relationship do entrepreneurs have with the organizations they create?Are entrepreneurs indispensable to economic growth? Is it possible to separate entrepreneurship from its historical, economic, and social environment? Finally, is entrepreneurship independent of time and space? Also in the first section, and writing from the perspective of a mainstream economist, George Bitros explores the interrelationship between entrepreneurship and economies of scale and scope. Bitros observes how the development of multiproduct technologies characterized by economies of scale and scope has led to losses in market coordination due to increases in market imperfections.James Foreman-Peck eloquently demonstrates how theory and evidence have been quantitatively linked in the historical study of entrepreneurship, thereby allowing judgments to be made about entrepreneurship’s causes and effects with increasing precision. Richard Coopey investigates the intricate and complex relationship between investment and entrepreneurship, concentrating on the history of venture capital in postwar Britain and the United States. In Japan Entrepreneurial activities of a region reflect its business climate and habitat for innovation.This is particularly evident in Japan a s entrepreneurial activity in these areas especially faces a different culture and business environment. Japanese entrepreneurs were more society-oriented and concerned more about personal and globalization risks and less about market and financial risks. Japanese firms seemed to have better access to diverse financing resources including bank loans and government financing. Analysis and evaluation on entrepreneurship it is important to analyze and evaluate the past cases of setting up businesses for aiming a success of our own cases.After the collapse of the bubble economy in 1980’s, many policies and schemes have been formulated and carried out in Japan. Encouraging entrepreneurs is one of the most hopeful policies and has become the focus of recent attention. The policy aims to encourage setting up a business by each individual entrepreneur, also to reform organization in some enterprises suffering from so-called â€Å"large company sickness,† to activate venture an d to contribute strategic management of technology as a national policy.Learning from the arguments on â€Å"the lost 10 years in Japan† tells about the harder competition in the international business circumstances. After the collapse of the bubble economy in 1980’s, many policies and schemes have been formulated and carried out to encourage the weakened international competence of Japan and to recover from the economical recession. The Japanese semiconductor industry is one of the good examples that we can learn from the arguments on the bad manners and strategies in that period.History and current issue on entrepreneurship in the Japan while the US economy was dull in 1980’s when Japan was most brilliant with the bubble economy. Particularly, the current status on venture projects inside enterprises and spin-out ventures is discussed to think about the circumstances, manners, and processes on entrepreneurship in Japan. Unfortunately many technical seeds in Ja pan can hardly produce a business success. This fact is pointed out as one of the reasons why Japanese economy has been so stagnated.The problem is also considered as a common issue on technology management for many other countries, as so-called â€Å"the valley of death. † The study of the evolution and emergence of Japan's history of entrepreneurship development leading the industrial firms during the twentieth century. First, it provides a historical study of how the industrial institutions of modern Japan appeared and matured. Second, it looks at the basic forms of social and economic interaction in Japan. Third, it is a development study of how circumstances of rapid technical and economic change have shaped the Japanese business system.Finally, it is also a strategy study of how Japanese managers have responded to and shaped these circumstances. This fourfold synthesis offers a model of institutional development under conditions of late economic development and private initiative that falls somewhere between a capitalist development state and a free market economy. The popular opinion of entrepreneurship in Japan is that it is hard, getting funding and finding venture capital seems to be have been hard in the past and incubators seem rare.When discussing the history it is generally put into three categories; political, cultural and the Japanese perception on entrepreneurship. Japan has had enormous success in the past taking western concepts to adapt and improve them. If anything, the future of the Japanese entrepreneurial venture is bright. There is a lot of talent in the Japanese people for creating new things, innovating and solving real problems. But the biggest problem is that the view of entrepreneurship is so different there from the U. S. This does however create a bright future for a westerner looking to start something new in Japan.A foreigner looking to innovate and give the Japanese economy a boost can be welcomed with open arms. Final ly we can say that Entrepreneurship helps in increasing productivity and capital formation of a nation. In short, the development of the entrepreneurship is inevitable in the economic development of the country. The Role played by the entrepreneurship development can be expressed in the following words: † Economic development is the effect for which entrepreneurship is a cause† In BangladeshThe entrepreneurial history of Bangladesh dates back to the ancient era. In the ancient age, Bengal was rich in different small and cottage industries as well as trade and commerce. The basic industries were fine cotton fabric known as muslin, sugar, salt etc. These were exportable commodities for which there was a great demand in the Far East and Europe. With the establishment of Muslim rule in India, the communication system between different regions of India with Bengal developed During Pre-Mughal Muslim rule, an entrepreneur class grew in Bengal, especially in and around dhaka.The y had lofty craftsmanship in handicraft, textile weaving, milk products, jewelry etc. Dhaka attained greater commercial importance and became a major trading and entrepreneurial centre for the whole of Southeast Asia. The Europeans, particularly the Portuguese, Dutch, English and French as well as other traders began to come in larger numbers. The jamdani saris woven in flowered or plain designs with border and ground in threads of gold, silver or silk became popular and were sent to Hejaj, Morocco, Tunisia, Delhi etc.After that the British government had imposed high taxes on the incomes of local entrepreneurs. The Muslim majority of Bengal inclined to disassociate themselves from the British because of the perception that the British had snatched power from the Muslims. The British also disliked Muslims and tried to deprive them of all economic and political opportunities. All these factors deterred the growth of entrepreneurship in Bengal during British rule. During the later hal f of the nineteenth century, Bengali capital was mostly diverted to land and non-commercial occupations.At the same time, development of transportation, primarily the expansion of railway and shipping as well as expansion of a money economy caused a rise in the price of land, making landed investments more attractive. Bengali entrepreneurs were to raise the start-up capital from the existing capital market or to borrow from the informal credit market. Attitudinal problems such as an anti entrepreneurial bias played a not too inconsequential role in the development of Bengali entrepreneurship. These biases were reflected in the derogatory attitude towards the indigenous trading communities like theSahas of Bengal or the Muslim traders of chittagong. An anti-entrepreneurial bias was dominant amongst the attitudes of political leaders and the civil bureaucracy of Bengal. After the Partition of Bengal in 1947, the eastern part of Pakistan did not inherit an experienced entrepreneurial c lass for historical reasons. Neither did this part receive adequate attention from the government of Pakistan in terms of economic incentives to induce entrepreneurial activities. The government support and facilities went more to the western part and the net result was a constrained growth of entrepreneurship in East Pakistan.The East Pakistan Industrial Development Corporation (EPIDC), however, had set up some enterprises, especially a number of jute mills, and gradually handed over their ownership to the local associates. This had indirectly helped the growth of an entrepreneur class in Bangladesh. The country inherited a shattered economy after the war of liberation of 1971. Mills and factories were closed down, agricultural production was interrupted and infrastructural facilities like roads, bridges, railways, power transmission lines, telephone network, gas pipe lines etc. ere broken down. Because of the political commitment and also because of the exodus of non-Bengali owner s of mills, factories and banks the government had nationalized all such establishments immediately after liberation. Within a few years after independence, the government policy was changed and the role of private sector given due importance. The disinvestment and denationalization policies have facilitated the ownership of large, medium and small industrial and commercial enterprises by Bengali entrepreneurs.The government, however, brought changes in trade and industrial policies alongside the monetary and exchange rate policies. Import controls were considerably relaxed to reduce the level of protection, thus encouraging efficiency in resource allocation and promotion of competitive abilities of domestic industries. The bangladesh shilpa rin sangstha (bsrs), bangladesh shilpa bank (BSB) and investment corporation of bangladesh (ICB) acted as prime movers for industrial development in Bangladesh.BSCIC industrial estates and export processing zone (EPZ) authorities have provided a large number of entrepreneurs with infrastructural facilities including land for industrial location, water, power, sewerage, gas, telephone, extension and counseling services and store and warehousing facilities. In Bangladesh quite a number of entrepreneurial ventures have been the creation of corporate spin-offs. They embarked upon new ventures with the experience and skill that they gathered while serving an enterprise. In Bangladesh the garment industry has been the creation of spin-offs.Similarly, many chemical engineers starting their career in the Chemical Industries Corporation ultimately left their jobs and started new chemical/ pharmaceuticals enterprises. A special group of entrepreneurs, creators of the corporate new ventures, identified technically as intrapreneurs, create new products and processes within large organisations. They do not start a new enterprise or industry but create new products with their innovative and inventive ideas. Their corporate entrepreneurs hip opens up new horizons of opportunities for the corporate structure where they serve.The establishment of many new chemical plants/product lines under Bangladesh Chemical Industries Corporation is an example of corporate entrepreneurship. The dholaikhal in Bangladesh is an example of emulating entrepreneurship that matches the experience of countries like Japan, Hong Kong and Taiwan in the growth of entrepreneurship during the early years of economic development through the emulative dexterity of their people. Gradually, the emulative capability of local entrepreneurs helped indigenous technology to flourish, and this, under active government patronage, facilitated the growth of entrepreneurship.Apart from a few multinational companies like Bata Shoe Company and Bangladesh Tobacco Company Limited, public sector enterprises have not developed a positive attitude towards this system. An import-biased policy and fiscal anomaly also impede its proper development. bangladesh bank in a ssociation with commercial banks and the Bangladesh Institute of Management launched an Entrepreneurial Development Programme for educated unemployed youths. Similarly, BSCIC, in association with USAID initiated a Women Entrepreneurship Development Programme.However, it is not clearly known how many new entrepreneurs have been created as a result of the training and education. In Pakistan The history of National entrepreneurship and its development in Pakistan, we shall find that almost every company we know today began as an SME. Europe, United States, China and our neighbour India started developing Microsoft industries with small man power in a rented house or in a small industrial unit. It is believed that Small and Medium-sized enterprises (SMEs) as key actors in national development and employment creation.World trade and manufacturing is now shifting to east. Small and medium-sized enterprises (SMEs) are a very assorted group of businesses usually operating in the service, tr ade, agri-business, and manufacturing sectors. The contribution of uplifting National Economy and improving National prosperity the role of Small and medium industries is imperative. In Pakistan small business and cottage industries hold an important position in rural areas. In 2005 infrastructure in remote areas had improved considerably.Most villages are self sufficient in the basic necessities of life. They have their own carpenters, blacksmiths, potters, craftsmen and cotton weavers. Many families depend on cottage industries for income. Due to the tremendous effort of SMEDA (Small and medium enterprises Development authority) the concept of small industries have also gained immense importance in cities and towns. Government should encourage cottage and small-scale industries Government support to this workable Organization with its proven success record both in rural set up, cities and towns is crucial.SME BASELINE SURREY-2009is a tremendous effort done by the team of policy an d planning division of Smeda under the dynamic leadership of its chief Shahid Rashid. This survey conducted by Gallup Pakistan with the financial assistance of Asian Development Bank is inclusive report and guide line for SMEs policy makers. All the chapters of this survey reports grab the attention of business community as its deals with almost all related aspects that bound with promotion of entrepreneurial culture.Pakistan Government should place the development of SMEs on a high priority area and this should be reflected in its National development agendas. With the consultation of highly skilled staff of SMEDA the policy makers should prepare the key strategies for SME development in coming years. Like Pakistan Government may constitute National SME Development Council. The consistent progress and devote work of SMEDA during the last 12 years reveals that SMEDA is a right organization to be trusted. Ministry of industries and production should give maximum incentive to this via ble institution.The dream of having an organization to support facilitators emerged as people working with participatory group facilitation methods were sharing approaches that worked in their practices. People, who can build consensus, maximize participation and move toward action are in high demand in today's world. The idea of SOFT emerged from the last 10 years efforts being made at the plat form of National IPM Program implemented in different phases all over Pakistan. To maintain and further this pace, formations of a society to use the national resources in a productive way become indispensable.The Society of Facilitators and Trainers (SOFT) are formed by a group of professionals desiring an avenue for interchange, professional development, trend analysis and peer networking. A formal association was proposed and adopted at the 2nd National IPM Facilitators congress in Islamabad, November, 2004 and finally a Society of Facilitators & Trainers has been registered under the Soc iety Registration Act 1860 on 23rd July, 2009 in Islamabad. Since then, the SOFT has grown to over hundreds of members from all over Pakistan.Society remains committed improving livelihood & social development through Skills enhancement by creating a network of local organizations for improved productivities, healthy environment, value addition and entrepreneurship development of rural communities’ especially poor farmer’s organizations and regional networks. Propelling Women's Entrepreneurship in Pakistan Supporting Pakistani Women Entrepreneurs in Expanding and Strengthening their Businesses by Connecting them with Successful Professional Women Mentors.A select group of women will be chosen to be mentors in the first collaborative program between the U. S. Department of State’s Office of Global Women’s Issues, Goldman Sach’s 10,000 Women Initiative, and the Thunderbird School of Global Management to expand women entrepreneurship in Pakistan. This opportunity will make a difference in the lives of female entrepreneurs by providing a network that fosters sustainable change and economic empowerment for women in Pakistan. In India History of entrepreneurship in India:Several entrepreneurial phases in India have passed since independence. A slow pace of development was reflected in the late 1950s and early 1960s, as the entire economy was changing from an agro based economy to an industrialized economy. Soon after that the upcoming entrepreneurs got support from the government as well. A number of SSI sprouted up in late 1960s and 1970s. Here an intensive movement was initialized for further promotion of entrepreneurship. Finally, in 1980 India was able to liberalize imports and began with small and medium scale entrepreneurs.Further, the economic reforms were introduced in 1990. It was a kind of disillusion for the budding Indian entrepreneurs and now in the 2000 the entrepreneurial scenario has undergone a vast change. Now Ind ia is taking part in global entrepreneurship. History of Entrepreneurship Evolution in India: Barter system & currency Caste System Agriculture Education Colonial rule Managing agents Trader community SSI Founder Entrepreneurs development Reforms in 1990’s Liberalization India Multinationals and Joint Ventures 50 years of Indian Entrepreneurship:Indians have always been entrepreneurial in nature, its just only recently that this word is being used so often. So it is no surprise that India celebrates 50 years of Indian Entrepreneurship. The arrival of independence, the early decade of 1950-60s marked a slow progress from an agrarian economy to an industrialised market. Industry was dominated by textile power looms in and around Bombay, Ahmedabad, Calcutta and Madras. The 1960s saw the rapid expansion in large scale government sponsored heavy industry being set up across the country.Undermining the role that an individual enterprise can play in a country's economic growth, the government went ahead building state owned enterprises dependent on centralised planning In the 1970s , there was an intensive campaign to promote entrepreneurship among the Indian business community. This was the first effort to promote entrepreneurship in a concentrated manner. It was inspired by the fund raising campaign that happened during the second Indo-Pak War in 1965-66. The late 1980s marked the new beginning for the small and medium entrepreneurs in India with the new government choosing to move towards a market oriented economy.The economic crisis of the early 1990s resulted in economic reforms and a deliberate move towards globalization and liberalization of the Indian Economy. Soon by the early 2000 , it was common to see young professionals preferring to become entrepreneurs and the least preferred career path was a stable government sector job. With the dawn of the new service oriented economy, young professionals will increasingly work in the private sector and late r choose to start a business of their own. A Unique Business Plan The day is not so far that one day all the sources of oil, gas, coal, petrol and fuel will be exhausted.Instead there remains the Nuclear power. But after the large happening of the earthquake and tsunami in Japan(11 March, 2011),for the inversion of Nuclear Power Plant, they are bound to decide to banned all of there Nuclear Power Plant as it largely increased the level of carbon dioxide in air. At the same time for the same reason Germany have also decided to banned their all Nuclear Power Plant within 2022. And then there will be no solution of the sources of power and electricity except only the Wind and Solar System.From when we have given to choose a unique business plan we are thinking what kind of business should we choose that are eco friendly, save our environment and that will be the permanent solution of any of our major scarcity problem. And that is the power, energy the electricity problem. In order to s ee a poverty free world, energy security for all must be ensured. As the conventional sources of energy are limited and can not meet the increasing need of the common people, wide dissemination of renewable energy technologies is the only way out.We think our Business plan a large scale program to provide Wind and Solar home systems that will play a leading role in the rural households in Bangladesh. We have designed, supplied and installed systems for a wide range of clients. We can design and supply a system to meet exact needs and our systems include all balance-of-system components. Remote power systems are ideal for providing energy to rural properties, alternative power systems and small community power supplies. If you live in an area where there is no electricity and connecting to the electricity grid is not an option, most likely it is far too expensive!The UK is unusual in that it experiences good wind conditions so wind power is certainly viable. Coupled with sunshine, a solar and wind solution provides a reliable, safe, environmentally friendly and user-friendly source of electricity for a very long time. A solar and wind power solution will need little maintenance simply because there are no moving parts. Component failure is very rare and come with superb guarantees, solar panels offer a 25 year warranty as standard. Best of all, you are generating your own electricity for free! [pic] [pic][pic][pic]With an off grid system you will need somewhere to store the generated electricity and this is usually stored in batteries. The battery bank provides electricity at night, and during periods of cloud cover. Systems can comprise of a stand-alone pv system and wind turbine, solar pv system. Stand-alone solar (only pv) systems require high availability and so systems are often oversized, to account for long summer short winter sunshine. Remote power systems are installed for a range of reasons, including: †¢ expensive grid connection; †¢ desire to use renewable energy; †¢ low running costs; environmentally safe no overhead wires; †¢ CO2 emission, reduces pollution and natural climatic changes. [pic] [pic] Dual Wind Turbine and Solar Close up of wind turbine and solar panel PV Off-Grid System Application: Remote water pumping [pic] Wind turbine and solar panels Bottom of Form Eco friendly energy efficient power supply Using Wind and Solar systems: We know that a business plan is a document that is used as a base for future actions of the business venture. And an essential steps in getting a new venture of the ground is the preparation of a business plan.To prepare a business plan we have to consider a number of steps in this manner. The related important steps of preparing our business plan are here briefly examined as follows- Commitment of Starting A Business: First of all a commitment are to be made to enter into a business. And we all are firmly determined, committed and decided to start a business by ourselv es. SWOT Analysis: Each business conducts a SWOT analysis by which it evaluates business’s overall strengths(S), weakness (W), opportunities (O), and threats (T). We have also made an SWOT analysis that generates from our study are highlighted as follows: Strengths: . Adequate natural resources (sunlight and wind), 2. Availability of manpower, 3. Lower labor cost, 4. Available raw materials, 5. Having theoretical knowledge of business, 6. Strong desire and enthusiasm for establishing business, 7. Transportation and communication facilities etc. Weakness: 1. Required a huge amount of capital, 2. Required a lot of research and analysis, 3. Lack of practical knowledge for implementation and establishment of a new business. Opportunities: 1. Greater employment opportunities, 2. Increasing overall economic development of the country, 3. Greater utilization of natural resources, 4.Advanced technologies, 5. Ease of Govt. rules, regulations and facilities, 6. Better opportunities of expanding any kind of businesses in Bangladesh. Threats: 1. The response towards the product or service may be lower than expectation, 2. Challenging competitors, 3. Any kind of risk taken. 4. High initial installation costs and 5. Limited government support compared to that of other countries. If we can not utilize our strength and opportunities properly it may take form into threat for our business. And if we can overcome the threats and weakness then it may convert into our strength that may create a lot of opportunities.Selection of Product or Services: After SWOT analysis we are determined to go to such kind of business which best fit with our Strengths, Weakness, Opportunities and Threats as well as with our desires. We have decided to choose a business idea which is environment friendly and permanent solution of any problem of our country. Keeping on this on our mind we found the current major electricity problem that are increasing day by day in our country. Thus we have cho sen a business idea of eco friendly energy efficient power supply by using our adequate and available sun light and wind through solar and wind system.By purchasing solar panels and wind turbines we will make installation and give power supply from both sun light and air simultaneously. Whenever sun light is available the solar panel will provide required electricity through saving power into the batteries. If sun light is not available then the wind turbine will serve power from air like the solar panel. That means there will be always alternative in absence of any one and 24 hour it will supply electricity which are of a tremendous demand now-a-days in our country as it is emerged under load shading largely.Thus it is the new use of old product that have not yet come in Bangladesh. And as we have adequate sunshine and air all over the year, that are everlasting have available manpower, also have lower labor cost, easy collection of inventories, greater transportation and communica tion facilities, helps to cut carbon emissions from buildings, and a strong desire to do something new for the welfare of our natural environment as well as the whole country. Our business plan is thus both product and service oriented. [pic] Independent Wind & Solar Hybrid Power Supply System Solutions for BuildingBusiness type: Manufacturer, retail sales, wholesale supplier, importer. Service types: consulting, system design, installation, construction, engineering, project development services, training services, research services, site survey and assessment services, maintenance and repair services, recycling services, testing service.. Product types: Building Eco-friendly Energy Efficient Wind & Solar Power Supply System Solutions for building configurations may include a mixture of possible electrical generating sources, including inverters and batteries. There are five main components of an off grid systems. Solar panels ; †¢ Wind turbine; †¢ Controller; †¢ Bat tery bank & †¢ Power Inverter; A customized system has a lot of options and we can offer a wide range of products to suit all requirements. These include: [pic] [pic] [pic] [pic] [pic] Solar panels wind turbine controller Battery bank Power Inverter Expected profit, time, investment and Projected Income Statement: As significantly, with attracted major investment from finance institutions will help our business to make both life-enhancing and profitable through technology and sustainability.As it is a new business we can not expect a maximum profit on this. We will give at least two years to establish the business at first. So that we can retain the customer for a long time. When our business will start to make large sales volume and service available then we will expect to make profit from this business on about 20% on our turnover. Our business will be started with an investment of about 1crore tk. In this manner we have presented here a projected income statement . â€Å"Ri sing Partnership & Service Ltd† Projected Income Statement For The Year Ended Dec31, 2011 Particulars |Tk |Tk | |Sales revenue: | |3000000 | |Less: sales returns |200000 | | |Sales discount |50000 |250000 | | | | | |Net sales | | | |Cost of goods sold: | | | |Purchase | | | |Gross profit (A-B) | | | |Operating expense: | | | |Office and dministrative expense: | | | |Office expense | | | |Manager’s salary | | | |Rent expense | | | |Utilities expense | | | |Depreciation | | | |Transportation expense | | | |Insurance | | | |Supplies | | | |Repair expense | | | |Selling expense: | | | |Sales manager salaries | | | |Advertising expenses | | | | | | | |Total operating expenses | | | | | | | |Income from operation (C-D) | | | |Other revenues & gain: | | | |Interest revenue | | | |Other expense & cases : | | | |Interest xpense(5000000*10%) | | | |Net income | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |2000 | | | | | | | |10 0000 | | | | | | | |30000 | | | | | | | |18000 | | | | | | | |9000 | | | | | | | |50000 | | | |4500 | | | | | | |3000 | | | | | | | |7500 | | | | | | | | | | | |75000 | | | | | | | |100000 | | | | |2750000 | | | | | | | |1520000 | | | | | | | |1230000 | | | | | | | | | | | | | | | | | | | | | | | |224000 | | | | | | | | | | | | | | | | | | | | | | | | | | |175000 | | | |399000 | | | | | | | | | | | |831000 | | | | | | | | | | | | | | | | | | | | | | | | | | | 10000 | | | | | | | |500000 | | | | | | | | |490000 | | | | | | | |341000 | | | | | Merchandising Plan: For marketing our product we have prepared a merchandising plan.The marketing plan of our product depends on the demand of our customer towards our product and services. Basically our product and services will be given to the general customer. And our required materials and inventories will be collected from a number of reliable sources from Dhaka, Chittagong and from outside of the country as required. The wind & solar energy systems product companies where we will get all our required product available and sources from where we will mainly purchase are- 1. Bangladesh Wind And Solar Technologies. Address: Road # 04, Banani, Dhaka1213, Bangladesh 2. A B Power. Address: House 33, Road 18, Banani, Dhaka 1212, Bangladesh 3. Global Trade & Technology. Address: House 9/3, South Mugda, P.O-Bashabo, Dhaka 1214, Bangladesh 4. Xebec & Partners Limited. Address: H-71, New Airport Road, Mohakhali, Dhaka1212 Bangladesh 5. Goldenfair International Trading Company. Address: HOUSE-502, ROAD-34,New D. O. H. S. , Mohakhali, DHAKA-1206 Export Markets:   North America, South America, Eastern Europe, Southeast Asia, Africa, Oceania, Mid East, Eastern Asia, Western Europe etc. Estimated Expense-Variable and Fixed: The available capacity of solar panel varies from 20 wp to & 5 wp for Bangladesh. The cost of solar panel and wind turbine, installation cost and cost of other material s depends on how many wp are needed. They are varies at different prices.But the price ranges are generally between 12,650 tk to 45,000 tk. The cost of installing wind turbines also varies where they are sited. Compared to other renewable sources of energy, solar and wind power has a high capital outlay but the maintenance requirements and costs are extremely low. From our projected income statement the estimated expense in terms of fixed cost and variable cost of our business are- Fixed Cost Variable Cost Manager’s salary 100000 Office expense 2000 Sales manager salaries 75000 Utilities expense 18000Rent expense 30000 Advertising expenses 100000 Depreciation 9000 Transportation expense 50000 Insurance 4500 Supplies 3000 Interest expense 500000 Repair expense 7500 Total: 718500 180500 Total Cost: (718500+180500) =899000 Tk Determination of BEP: As our business is a completely new one, thus it is our expectation that first 2 and 3 year our business should be at Break-Even Poi nt (BEP).We will make our effort best so it must not go beyond the BEP. Consideration of Credit Sales: In our business plan we are considering sales on credit as it will encourage customer to purchase more that is helpful to spread our business all over the country in future. Our administrative decision will involve a recovery agency, we must make a provision for doubtful debts and will also include a number of terms and conditions. In this manner customer can pay on installment basis for which an installment policy required to be considered. Statement of Assets: The asset that are estimated in case of our business are presented below showing a statement of assets to be used- Statement of Assets Assets |Tk | |Current assets: | | |Cash |741000 | |Accounts receivable |100000 | |Fixed assets: | | |Building |3500000 | |Plant |4000000 | |Furniture |40000 | |Investment |200000 | |Total |

The Current Economic Crisis in Australia Essay Example | Topics and Well Written Essays - 1000 words

The Current Economic Crisis in Australia - Essay Example Banks may be unable to reconstruct for the huge losses which have rooted or incurred by borrowers, default on interest as well as principle repayments. Another impact if investors and banks will not be able to make for the losses would be the increase credit card rates as well as other bank charges to make consumers compensate for the irresponsibility of the financial institutions and other banks. ABC News (2009) reported that, the economic meltdown will result to political instability. The impact of rigorously declined economic activity will spectacularly impact on Australia due to the fact that, narrow economic base, latent as it does on mining as well as agriculture, the former reliant on sales to China while the latter on the wheat sales, wool and meat. The Australian Business (2009) reported that, National Australia Bank warned regarding bad debts which were on the rise; the global economic catastrophe was hurting all its businesses. The economic crisis that Australia is now suffering may be the outcome of the credit expansion. This present crisis is the unavoidable development to a boom that necessarily follows each boom spawned by the effort to decline the "natural rate of interest" by escalating the fiduciary media. The unprofitability of numerous branches of production as well as the unemployment of a substantial portion of the workers can apparently not be owed to the deceleration in business single-handedly. Both the unprofitability and the being without a job are quite intensified by the general depression. Nonetheless, the populations are confronted with a new problem which is not yet fully answered by principles of cyclical changes alone (Ludwig Von Misses Institute,... This essay highlights the key reasons for the current economic crisis in Australia and discusses the likely effects to the country. The road to crisis in today’s economic crisis can be linked to the drastic privatization in Australia, to name some include: airports, port facilities, railways power, water, telecommunications. The economic crisis may also be the outcome of the credit expansion. This present crisis is the unavoidable development to a boom that necessarily follows each boom spawned by the effort to decline the â€Å"natural rate of interest† by escalating the fiduciary media. The unprofitability of numerous branches of production as well as the unemployment of a substantial portion of the workers can apparently not be owed to the deceleration in business single-handedly. Both the unprofitability and the being without a job are quite intensified by the general depression. The populations are confronted with a problem which is not yet answered by principles of cyclical changes alone The severity of the growth turn down will depend upon what happens to China. The Australian federal government has been alleged of being a government in no power to control the big banks as well as corporations. The huge institutions have apprehensive words of the Federal Treasurer. It seems that the banks are no longer ready to be restrained by the Reserve Bank or federal government . Australian federal government should restore some control over the economic direction since it is more essential than any further privatization.

International Finance Essay Example | Topics and Well Written Essays - 2000 words - 3

International Finance - Essay Example This keeps the revenues of the company intact and also caps the amount of its currency outflows. In the event of any adverse movement in the foreign currency receivables, the company can exercise the forwards or the options. If a company having dollar receivables is afraid of strengthening the domestic currency against dollar then by taking the desired position in dollar futures the company can keep the value of its receivables intact. All these financial instruments have their own set of merits and limitations. In the following paragraphs, these instruments have been discussed with various examples that will give an idea about their usefulness. A forward contract on a foreign currency eliminates the risks related to exchange rate fluctuations. In this case the parties entering the contract agree to exchange a specified amount of currency at a future date at a pre-determined exchange rate (Redhead, 2008, pp.730; Von Pfeil, 1988, pp.127). Suppose A Ltd, a British company got $1 million receivable after 3 months. The company is afraid of British pounds appreciating against dollar as this will lower the value of its receivables. To hedge its position the company can enter into a forward contract that will entitle it to sell the receivables after three months at an agreed upon rate irrespective of the rate prevailing in the market. Suppose the spot rate is GBP 0.60/$. In three months time the company expects that the value of pounds will strengthen against dollar due to which the rate will fall to GBP 0.55/$. A Ltd can enter into a 3 month forward contract of GBP 0.62/$ which will freeze the exchange rate of the company. Now suppose after three months the spot rate is GBP 0.56/$, the company will then be able to sell the dollar receivable at GBP 0.62/$. As evident from the above calculations, the amount realized if the position is hedged through forward contract is GBP 620000, whereas the amount realized if the position is

The Future of Drinking Water Essay Example | Topics and Well Written Essays - 1500 words - 1

The Future of Drinking Water - Essay Example The primary sector comprises the primary production of raw materials or food, while the secondary sector concerns on the processing or refining of the produced goods or raw materials. As to the distribution of the finished products, the whole concern of it lies on the tertiary sector. However, all of these sectors require the availability or abundance of quality drinking water for them to function smoothly as possible. For instance, a quality and abundant drinking water source is necessary to ensure the sustainability of the basic needs in life, and consistency in the achievement of human health, and other related human needs. Furthermore, the availability of quality drinking water is necessary in order to successfully produce food or raw materials for the production of other products in the secondary sector. For example, a quality drinking water is necessary in the livestock industry so that there will be quality produced products that can be readily used in the processing industry. The processing industry on the other hand would require availability of clean and excellent water supply as integral component of the production of high quality standard processed foods. The above illustrations just simply depict the importance of drinking water in the production of raw materials and down to the processing and production of secondary product offerings.

Workplace romance Thesis Example | Topics and Well Written Essays - 3750 words

Workplace romance - Thesis Example Some coworkers may take workplace to be of no interest to them even as others may see their love affair responded to with a high level of defense. Companies and organizations are confused in respect work place romance since they ought to give a free and conducive environment for workers as opposed supposed to creating fear and tension among workers. Another subject of confusion in relation o workplace romance relates to the right organ or department to handle such cases. Some managers feel that such relationships could affect the productivity of the company while others feel that workers are citizens who have rights to socialize in whichever way they like even in the organizational setup. This has seen companies in situations where they have been unable to come with approaches and policies that address office dating. It has become challenging when people from different departments fall in love, for example, the administrator having a love affair with a junior officer in a certain dep artment. Secondly, it has been of less effect when the administrator develops a romantic relationship with his or her secretary, when the same administrator is the one who is in charge of implementing the laid down policies. This paper will discuss different perspectives and opinions of different authors toward work place romance. According to Bytautas, Klenin, Marinescu and Appelbaum (2007), employers have experienced work place relationships for a long time. They indicate that employers are in a position to realize that workers have love relationships with another employee. Bytautas et al. indicate that companies have realized the effects that come with work place relationships. It is has negative effects on production since the respective couples tend to spend their time together thinking of each other instead of concentrating on the delivery of service. Bytautas et al. suggest that work place romance has been a result of an

Industrialization after the Civil War Assignment

Industrialization after the Civil War - Assignment Example As the report stresses the exhaustion of the war, ironically, created an atmosphere of peace. This gave vent to the entrepreneurial aspirations of the citizens. But the opportunities were not uniform or equitable. The privileged White Anglo-Saxon Protestant (WASP) community, which owned most of the properties, continued its economic and social dominance. It was this preordained economic privilege for the community that would give rise to such great industrialists as Henry Ford, John Rockefeller, etc. These luminaries were the first great capitalists of the country. Indeed they would develop great companies like Standard Oil and Ford Motor Company, which would supersede in scale and revenues even some older establishments in Europe.From this paper it is clear that the rapid pace of industrial growth had a major socio-cultural impact. It affected the life of the average working American in many different ways. The most important change they witnesses is the transformation of the mode o f livelihood from independent small-farmers to wage-earning factory workers. In fact, the late 19th century labor press was saturated with discussions on such fundamental changes. This transformation was not a smooth and swift process at all. Most small farmers put their independence ahead of job security. They moreover perceived receiving wages from a capitalist master as a slur on their dignity.  

The US foreign policy from 1945-1991 Case Study

The US foreign policy from 1945-1991 - Case Study Example This research will begin with the statement that the term Cold War was coined by Pulitzer prize-winning publicist Herbert Bayard Swope and refers to the intense feelings of hostility and the profound international tension and struggle for power between the the USA and then the USSR, both of which headed formidable alliances i.e. Allies and Russian satellites, respectively.   It started in 1945 and ended in 1989.   It was ‘cold’ because the relations between the two superpowers were icy but never came to a flashpoint verging on a shooting war.   The conflict involved political rivalry and advantage as well as an upper hand in the balance of power. The conflict was replete with clashes of competing ideologies i.e. between the democratic capitalist system of America and its allies and the socialist/communist system of the USSR and the satellite nations comprising the nations of the Warsaw Pact. The rivalry consisted of propaganda, military alliances, atomic arms devel opment, reconstruction programs and the rivalry to win the hearts and minds of the neutral countries, most especially the third world countries which might provide military bases, natural resources, and markets. As early as 1929, the USA and the USSR had kept each other at bay and at arms' length despite differences in political ideologies. This estrangement was intensified by the USA's policy of isolationism in the 1930's which muted whatever feelings of mistrust they had for each other. But relations were improved when the USA and the Soviet Union unexpectedly found themselves fighting side by side against fascist Germany in World War II. The warm relations, however, rapidly dissolved when midway through the war, the USA realized that the USSR was determined to retrieve all the territories in Eastern Europe that it lost prior to World War I and these are eastern Poland, Latvia, Lithuania, Estonia and parts of Romania and Finland. It became clear to USA that Stalin in his paranoid fear of Germany and its military might want all of Eastern Europe to serve as its buffer states and shields from German aggression. President Roosevelt stressed that USA as adherent of the principle of self-determination wanted these states to choose for themselves the kind of government they want. The other western allies looked at Poland as strategically the bulwark of Europe which when falling into the hands of the Soviets would open the floodgates of Russians invading Western Europe. The US fears were vindicated during the 1943 Teheran Conference when Stalin finally laid his cards on the table: that he expected territorial concessions in the form of the states of Eastern Europe. Justice, to Stalin demanded that Russia be recompensed from the deaths of 16 million Russians and the massive destruction and damage to Soviet properties and machinery during the first three years of war. It dawned on President Roosevelt that reality, tradition and history dictated that self-determinatio n among the eastern European states would be anathema to Russia as any freely elected government in Eastern Europe would be hostile to Soviet ideology. Both the Yalta Conference and the Potsdam Conference in 1945 further strained the relations almost to the breaking point as Russia treacherously set up a communist government in Lublin, Poland followed by its undermining of elected non-communist governments in Czechoslovakia and Hungary. It was inevitable that the Cold War ensued in early 1946 after Berlin and Germany were divided into 4 factions i.e. Russian, American, British and French.

Symbolic Learning Methods Essay Example for Free

Symbolic Learning Methods Essay Abstract In this paper, performance of symbolic learning algorithms and neural learning algorithms on different kinds of datasets has been evaluated. Experimental results on the datasets indicate that in the absence of noise, the performances of symbolic and neural learning methods were comparable in most of the cases. For datasets containing only symbolic attributes, in the presence of noise, the performance of neural learning methods was superior to symbolic learning methods. But for datasets containing mixed attributes (few numeric and few nominal), the recent versions of the symbolic learning algorithms performed better when noise was introduced into the datasets. 1. Introduction The problem most often addressed by both neural network and symbolic learning systems is the inductive acquisition of concepts from examples [1]. This problem can be briefly defined as follows: given descriptions of a set of examples each labeled as belonging to a particular class, determine a procedure for correctly assigning new examples to these classes. In the neural network literature, this problem is frequently referred to as supervised or associative learning. For supervised learning, both the symbolic and neural learning methods require the same input data, which is a set of classified examples represented as feature vectors. The performance of both types of learning systems is evaluated by testing how well these systems can accurately classify new examples. Symbolic learning algorithms have been tested on problems ranging from soybean disease diagnosis [2] to classifying chess end games [3]. Neural learning algorithms have been tested on problems ranging from converting text to speech [4] to evaluating moves in backgammon [5]. In this paper, the current problem is to do a comparative evaluation of the performances of the symbolic learning methods which use decision trees such as ID3 [6] and its revised versions like C4.5 [7] against neural learning methods like Multilayer perceptrons [8] which implements a feed-forward neural network with error back propagation. Since the late 1980s, several studies have been done that compared the performance of symbolic learning approaches to the neural network techniques. Fisher and McKusick [9] compared ID3 and Backpropagation on the basis of both prediction accuracy and the length of training. According to their conclusions, Backpropagation attained a slightly higher accuracy. Mooney et al., [10] found that ID3 was faster than a Backpropagation network, but the Backpropagation network was more adaptive to noisy data sets. Shavlik et al., [1] compared ID3 algorithm with perceptron and backpropagation neural learning algorithms. They found that in all cases, backpropagation took much longer to train but the accuracies varied slightly depending on the type of dataset. Besides accuracy and learning time, this paper investigated three additional aspects of empirical learning, namely, the dependence on the amount of training data, the ability to handle imperfect data of various types and the ability to utilize distributed output encodings. Depending upon the type of datasets they worked on, some authors claimed that symbolic learning methods were quite superior to neural nets while some others claimed that accuracies predicted by neural nets were far better than symbolic learning methods. The hypothesis being made is that in case of noise free data, ID3 gives faster results whose accuracy will be comparable to that of back propagation techniques. But in case of noisy data, neural networks will perform better than ID3 though the time taken will be more in case of neural networks. Also, in the case of noisy data, performance of C4.5 and neural nets will be comparable since C4.5 too is resistant to noise to an extent due to pruning. 2. Symbolic Learning Methods In ID3, the system constructs a decision tree from a set of training objects. At each node of the tree the training objects are partitioned by their value along a single attribute. An information theoretic measure is used to select the attribute whose values improve prediction of class membership above the accuracy expected from a random guess. The training set is recursively decomposed in this manner until no remaining attribute improves prediction in a statistically significant manner when the confidence factor is supplied by the user. So, ID3 method uses Information Gain heuristic which is based on Shannon’s entropy to build efficient decision trees. But one dis advantage with ID3 is that it overfits the training data. So, it gives rise to decision trees which are too specific and hence this approach is not noise resistant when tested on novel examples. Another disadvantage is that it cannot deal with missing attributes and requires all attributes to have nominal values. C4.5 is an improved version of ID3 which prevents over-fitting of training data by pruning the decision tree when required, thus making it more noise resistant. 3. Neural Network Learning Methods Multilayer perceptron is a layered network comprising of input nodes, hidden nodes and output nodes [11]. The error values are back propagated from the output nodes to the input nodes via the hidden nodes. Considerable time is required to build a neural network but once it is done, classification is quite fast. Neural networks are robust to noisy data as long as too many epochs are not considered since they do not overfit the training data. 4. Evaluation Design For the evaluation purposes, a free and popular software tool called Weka (Waikato Environment for Knowledge Acquisition) is used. This software has the implementations of several machine learning algorithms made easily accessible to the user with the help of graphical user interfaces. The training and the test datasets have been taken from the UCI machine learning repository. Two different types of datasets will be used for the evaluation purposes. One type of datasets contain only symbolic attributes (Symbolic Datasets) and the other type contain mixed attributes (Numeric Datasets). Performance of the different learning methods will be evaluated using the original datasets which do not contain any noise and after introducing noise into them. Noise is introduced in the class attributes of the datasets by using the ‘AddNoise’ filter option in Weka which adds the specified percentage of noise randomly into the datasets. Symbolic Datasets are those which contain only symbolic attributes. Symbolic learning methods like ID3 and its recent developments can be run only on datasets where all the attributes are nominal. In Weka, these nominal attributes are automatically converted to numeric ones for neural network learning methods. So, preprocessing is not required in this type of datasets. Numeric Datasets are those which contain few nominal and few numeric attributes. Since symbolic learning methods like ID3 and its recent developments can be run only on datasets where all the attributes are nominal, these datasets first need to be preprocessed. A ‘Discretize’ filter option available in Weka is used to discretize all the non-symbolic attribute values into individual intervals so that each attribute can now be treated as a symbolic one. Initially, the entire data being considered is randomized. Two types of evaluation techniques are being used to analyze the data. (a) Percentage Split: In general, the data will be split up randomly into training data and test data. In the experiments conducted, the data will be split such that training data comprises 66% of the entire data and the rest is used for testing. (b) K-fold Cross-validation: In general, the data is split into k disjoint subsets and one of it is used as testing data and the rest of them are used as training data. This is continued till every subset has been used once as a testing dataset. In the experiments conducted, 5-fold cross validation was done. 5. Experimental Results Experiments were conducted on two symbolic datasets and two numeric datasets. The two symbolic datasets are tic-tac-toe and chess. The two numeric datasets are segment and teacher’s assistant evaluation (tae). DataSet 1 : TIC-TAC-TOE (a) 5-fold cross validation (i)Without any noise: Classifiers ID3 Multilayer Perceptron J48 C4.5 unpruned C4.5 confidence factor = 0.1 (ii) Percentage of noisy data = 10% Classifiers ID3 Multilayer Perceptron J48 C4.5 unpruned C4.5 confidence factor = 0.1 Time to build 0.03 6.16 0.02 0.06 0.01 % correct 67.4322 81.8372 75.8873 73.5908 71.2944 % incorrect 28.0793 18.1628 24.1127 26.4092 28.7056 % not classified 4.4885 0 0 0 0 Time to build 0.06 6.35 0.06 0.01 0.02 % correct 86.1169 97.4948 85.8038 87.5783 83.1942 % incorrect 11.691 2.5052 14.1962 12.4217 16.8058 % not classified 2.1921 0 0 0 0 (b) Percentage split with training data being 66% and the rest is testing data (i)Without Noise: Classifiers ID3 Multilayer Perceptron J48 C4.5 unpruned C4.5 confidence factor = 0.1 (ii)Percentage of Noisy data = 10% Classifiers ID3 Multilayer Perceptron J48 C4.5 unpruned C4.5 confidence factor = 0.1 Time to build 0.05 6.5 0.01 0.01 0.02 % correct 85.5828 97.546 83.1288 88.0368 82.2086 % incorrect 11.0429 2.454 16.8712 11.9632 17.7914 % not classified 3.3742 0 0 0 0 Time to build 0.04 6.15 0.02 0.02 0.01 % correct 68.4049 80.6748 73.9264 72.3926 71.4724 % incorrect 28.2209 19.3252 26.0736 27.6074 28.5276 % not classified 3.3742 0 0 0 0 For the tic-tac-toe dataset, in the presence of noise, neural nets had better prediction accuracies than all the other algorithms as expected. Though C4.5 gives better accuracy than ID3, its accuracy is still lower in comparison to Neural Nets. If the pruning factor (confidence factor was lowered) was increased, the prediction accuracies of C4.5 dropped a little. But in the absence of noise, the performances of ID3 and Multilayer Perceptron should have been comparable. But the performance of Multilayer Perceptron is quite superior to ID3. DataSet 2 : CHESS (a) 5-fold cross validation (i)Without any noise: Classifiers ID3 Multilayer Perceptron J48 C4.5 unpruned C4.5 confidence factor = 0.1 (ii) Percentage of noisy data = 10% Classifiers ID3 Multilayer Perceptron J48 C4.5 unpruned C4.5 confidence factor = 0.1 Time to build 0.36 47.75 0.21 0.18 0.19 % correct 81.1952 86.796 89.0488 84.6683 88.4856 % incorrect 18.8048 13.204 10.9512 15.3317 11.5144 % not classified 0 0 0 0 0 Time to build 0.21 47.67 0.15 0.05 0.1 % correct 99.562 97.4656 99.3742 99.3116 99.2178 % incorrect 0.438 2.5344 0.6258 0.6884 0.7822 % not classified 0 0 0 0 0 (b) Percentage split with training data being 66% and the rest is testing data (i)Without Noise: Classifiers ID3 Multilayer Perceptron J48 C4.5 unpruned C4.5 confidence factor = 0.1 (ii)Percentage of Noisy data = 10% Classifiers ID3 Multilayer Perceptron J48 C4.5 unpruned C4.5 confidence factor = 0.1 Time to build 0.33 41.73 0.24 0.19 0.19 % correct 80.1288 85.7406 87.5805 82.6127 87.6725 % incorrect 19.8712 14.2594 12.4195 17.3873 12.3275 % not classified 0 0 0 0 0 Time to build 0.13 43.55 0.06 0.06 0.08 % correct 99.448 97.1481 99.08 98.988 99.08 % incorrect 0.552 2.8519 0.92 1.012 0.92 % not classified 0 0 0 0 0 For the chess dataset, in the absence of noise, the performance of ID3 is better than that of Multilayer perceptron and takes lesser time. For the noisy data, back propagation predicts better accuracies than that of ID3 as expected, but the performance of C4.5 is slightly higher than back propagation. The reason for this could be that the feature space in this dataset is more relevant. So, C4.5 builds a tree and prunes it to get a more efficient tree. DataSet 3 : SEGMENT (a) 5-fold cross validation (i) Without any noise: Classifiers ID3 Multilayer Perceptron J48 C4.5 unpruned C4.5 confidence factor = 0.1 (ii) Percentage of noisy data = 10% Classifiers ID3 Multilayer Perceptron J48 C4.5 unpruned C4.5 confidence factor = 0.1 Time to build 0.07 9.64 0.04 0.04 0.03 % correct 68.9333 80.8667 81.2667 79.6 80.5333 % incorrect 21.3333 19.1333 18.7333 20.4 19.4667 % not classified 9.7333 0 0 0 0 Time to build 0.05 10.3 0.02 0.23 0.12 % correct 88.0667 90.6 91.6 94 94.3333 % incorrect 5.2 9.4 8.4 6 5.6667 % not classified 6.7333 0 0 0 0 (b) Percentage split with training data being 66% and the rest is testing data (i) Without Noise: Classifiers ID3 Multilayer Perceptron J48 C4.5 unpruned C4.5 confidence factor = 0.1 (ii) Percentage of Noisy data = 10% Classifiers ID3 Multilayer Perceptron J48 C4.5 unpruned C4.5 confidence factor = 0.1 Time to build 0.07 11.73 0.03 0.04 0.03 % correct 72.9412 82.549 82.1569 82.549 81.3725 % incorrect 19.6078 17.451 17.8431 17.451 18.6275 % not classified 7.451 0 0 0 0 Time to build 0.06 9.87 0.03 0.02 0.03 % correct 89.8039 87.6471 92.1569 93.7255 90.1961 % incorrect 4.1176 12.3529 7.8431 6.2745 9.8039 % not classified 6.0784 0 0 0 0 Segment, being a numeric dataset, all the attribute values had to be discretized before running the algorithms. In the absence of noise, ID3 performs slightly better than back propagation and the performance of J48 (implementation of C4.5 in Weka) is much better than ID3 and backpropagation. But a very interesting observation was found. In the absence of noise, the performance of an unpruned tree generated by C4.5 was quite superior to the rest. In the presence of noise, the performances of back propagation and C4.5 were comparable. DataSet 4 : TAE (a) 5-fold cross validation (i) Without any noise: Classifiers ID3 Multilayer Perceptron J48 C4.5 unpruned C4.5 confidence factor = 0.1 (ii) Percentage of noisy data = 10% Time to % % build correct incorrect ID3 0.02 53.6424 37.0861 Multilayer Perceptron 0.16 38.4106 61.5894 J48 0.02 52.9801 47.0199 C4.5 unpruned 0.01 56.2914 43.7086 C4.5 confidence factor = 0.1 0.01 54.3046 45.6954 (b) Percentage split with training data being 66% and the rest is testing data (i) Without Noise: Classifiers ID3 Multilayer Perceptron J48 C4.5 unpruned C4.5 confidence factor = 0.1 (ii) Percentage of Noisy data = 10% Classifiers ID3 Multilayer Perceptron J48 C4.5 unpruned C4.5 confidence factor = 0.1 Time to build 0.01 0.17 0.01 0.01 0.01 % correct 38.4615 44.2308 44.2308 50 44.2308 % incorrect 40.3846 55.7692 55.7692 50 55.7692 % not classified 21.1538 0 0 0 0 Time to build 0.02 2.23 0.03 0.02 0.01 % correct 44.2308 57.6923 51.9231 55.7692 42.3077 % incorrect 34.6154 42.3077 48.0769 44.2308 57.6923 % not classified 21.1538 0 0 0 0 Classifiers % not classified 0 0 0 0 0 Time to build 0.02 0.18 0.02 0.01 0.01 % correct 54.3046 54.9669 48.3444 50.9934 47.0199 % incorrect 35.0993 45.0331 51.6556 49.0066 52.9801 % not classified 10.596 0 0 0 0 TAE, being a numeric dataset, its attribute values had to be discretized too before running the algorithms. But after observing the results, it is very clear that the random discretization provided by Weka did not generate good intervals due to which the overall accuracy predicted by all the methods is quite poor. Again, interestingly an unpruned tree built by C4.5 seems to give high prediction accuracies relative to the rest in most of the cases. In this case, for cross-validation approach and noisy data, surprisingly the performance of back-propagation was very poor. One reason for this could be that only few epochs of the training data were run to build the neural network. In the absence of noise, accuracy prediction of Multilayer perceptron was either comparable or greater than that of ID3. 6. Conclusion No single machine learning algorithm can be considered superior to the rest. The performance of each algorithm depends on what type of dataset is being considered, whether the f eature space is relevant and whether the data contains noise. In the absence of noise, in some cases, the performance of ID3 was comparable or sometimes better than back-propagation and was faster but in some cases Multilayer perceptron performed better. When noisy datasets were considered, back propagation definitely did better than ID3 though it took more time to build the neural network. But in the presence of noise, in some cases, C4.5 gave faster and better results when the attributes being considered were relevant. But some surprising observations were made when the attribute values of the numeric datasets were discretized, the prediction accuracy of an unpruned tree generated by C4.5 algorithm was much higher than the rest. This shows that the unpruned tree generated by C4.5 is not the same as that generated by ID3. References: 1.Mooney, R., Shalvik, J., and Towell, G. (1991): Symbolic and Neural Learning Algorithms An experimental comparison, in Machine Learning 6, pp. 111-143. 2. Michalski, R.S., Chilausky, R.L. (1980): Learning by being told and learning from examples An experimental comparison of two methods of knowledge acquisition in the context of developing an expert system for soybean disease diagnosis, in Policy Analysis and Information Systems, 4, pp. 125-160. 3. Quinlan, J.R. (1983): Learning efficient classification procedures and their application to chess end games in R.S. Michalski, J.G. Carbonell, T.M. Mitchell (Eds.), in Machine learning: An artificial intelligence approach (Vol. 1). Palo Alto, CA: Tioga. 4. Sejnowski, T.J., Rosenberg, C. (1987): Parallel networks that learn to pronounce English text, in Complex Systems, 1, pp. 145-168. 5. Tesauro, G., Sejnowski, T.J. (1989): A p arallel network that learns to play backgammon, in Artificial Intelligence, 39, pp. 357-390. 6. Quinlan, J.R. (1986): Induction on Decision Trees, in Machine Learning 1, 1 7. Quinlan, J.R. (1993): C4.5 – Programs for Machine Learning. San Mateo: Morgan Kaufmann. 8. Rumelhart, D., Hinton, G., Williams, J. (1986): Learning Internal Representations by Error Propagation, in Parallel Distributed Processing, Vol. 1 (D. Rumelhart k J. McClelland, eds.). MIT Press. 9. Fisher, D.H. and McKusick, K.B. (1989): An empirical comparison of ID3 and backpropagation, in Proc. of the Eleventh International Joint Conference on Artificia1 Intelligence (IJCAI-89), Detroit, MI, August 20-25, pp. 788-793. 10. Mooney, R., Shavlik, J., Towell, G., and Gove, A.(1989): An experimental comparison of symbolic and connectionist learning algorithms, in Proc. of the Eleventh International Joint Conference on Artificial Intelligence (IJCAI-89), Detroit, MI, August 20-25, pp. 775-780. 11. McClelland, J. k Rumelhart, D. (1988). Explorations in Parallel Distributed Processing, MIT Press, Cambridge, MA.

To improve a manual system

To improve a manual system Introduction Our project is to improve a manual system to an automated system, so we selected a local bookshop which had limited number of functions so its going to be easier for our project. The scope of the project is to analyze the need for a bookshop system, and to find advantages to formulate an effective computerized bookshop system that will eliminate the existing problems. In this process of analyzing, information were obtained from the staff as well as the customers Proposed system is expected to have simplified Bookshop system that will eliminate the difficulties and disadvantages of not having a system. The system is also expected to satisfy both the customers as well as the staff members in having efficient and effective Bookshop System. Systems Request Summery The Manager of the Book Shop requested us to design and implement an automated IT system to replace their current manual system. He wanted a very effective and efficient system which they expect more profits from this investment to the IT system. He wanted a system which is really user friendly because he didnt want the staff members to be unhappy with working in the new system. Findings As we visited the Book Shop and spoke with the staff members and the customers we found out the followings as main points for the design and what they expect us to do; Most of the staff members had a normal knowledge of computing. Staff has a fear that they might not be combatable with the new IT system. Customers have to wait long to search for books and billing. Recommendations We recommend the shop to have a complex system which will cover all the areas but the simple user interface so that any user can use the system easily. Use barcode system for the book. There for the customers wating time can be reduse. Keep a backup data of the users daily. In case of some thing happen to the system. Use camers in side the library. If some users doing damages to propety esily can identified. Create a Computer area for the users. To acess to the internet and to search the books. Time and Cost Estimation As we estimated the total program will take around 75 days to be developed. We are planning to finish the project within 72 days, but we kept 5 days extra incase of emergency. As the book shop isnt a company which is not gaining huge profits they wanted us to stick to a smaller budget. After our main analysis we decided to complete the project for 385,000 LKR. Expected outcomes By using automated system we hope to overcome these disadvantages of the manual system. In manual system all the things in the system have to do manually. So it causes to make lot of mistakes. Then using automated system we cam over come these things. Using automated system make this advantages to the system. Can keep full information about whole sellers who providing books and stationery items. In the manual system we have to keep information about whole sellers in books or some times that are not wrote some where and keep that in mind of the owner/manager. Then they forget or loosing papers, however they lost information about whole sale vendors. And other thing is all the vendors are not giving items at same prize. Some are cheaper than others. So buying cheep items can make more profit. With large number of whole sale vendors, it hard to compare and choose vendor to buy items for sale. In automated system it is easy because all the information of whole sale vendors is in one place and analyst it briefly. Not only the price but also we have to care about quality of items. Other wise if our customers not satisfy with goods our sales will do down. So we have to care about quality also. In this system can keep history of whole sale vendors can we can build confidence about goods they give to us. And if we have recode of who is the vendor provide each item if we feel something wrong while selling that we can change or complain about that. From that we can keep confidence between us and costumers. Can keep information about stock. When selling items it must to have enough stocks. If it doesnt has cant continuing selling process. And if doesnt have the item what customer want confidence between customer and shop will break. Then keeping stock details are the best way to avoid these disadvantages. And currently they are replacing lot of items once at a month. Then some are finished sooner some are not finish in that month, so that method is not very good. And it need more space for stock. By using a automated system it is easy to keep stock details. Manager can see easily what item is getting finish and he can replace it. Then space needed will be less. Keeping stock space less will allow the manager to add more stock when he needs according to the type of goods. Can keep reservations. If customer needs to reserve book it can reserve on the system then it can keep on stork till customer buy it. It helps to enhance confident of the customer. On the system it is vary easy to do it. Can keep information about customers. Customers are the main thin. Then keeping customers information is vary important. In manual system doesnt have method to keep customers information. When give special gift or discount to customers it is vary use full. Help to observe sales. Observing sales is useful to control businesses. Like controlling stocks, getting people to work, investing more for each item etc.

Interpretations of William Faulkners A Rose for Emily :: A Rose for Emily, William Faulkner

Interpretations of William Faulkner's A Rose for Emily William Faulkner's "A Rose for Emily" has been interpreted in many different ways. Most of these rely solely on hints found within the story. I believe that his life can also help one analyze this story. By knowing that Faulkner's strongest influence was his independent mother, one can guess that Miss Emily Grierson's character was based partly on Maud Falkner. William Cuthbert Faulkner was born in New Albany, Mississippi on September 25, 1897. His family moved to Oxford, Mississippi when Faulkner was five years old (Larinde). His parents were Murry and Maud Falkner (Zane 2). Faulkner added the "u" to his last name on his Royal Air Force application for unknown reasons (5). Faulkner's great-grandfather, Colonel William C. Falkner had moved from Tennessee to the Mississippi Delta in 1841. The Colonel was a Civil War hero, plantation owner, railroad builder, and even a writer (Larinde). Faulkner's grandfather and father were both respected, though not wealthy. They were also both alcoholics. Faulkner and his father never had a very good relationship. He and his mother, though, were very close. Maud gave him his love of art and literature. She influenced Faulkner more than anyone else with her strong independence (Zane 3-4). She may have been the inspiration for the strong, independent character, Emily Grierson. "William Faulkner was a quiet but mischievous child, polite and rude, loving and withdrawn" (4). He did well in grade school, but began showing signs of truancy during adolescence. Faulkner dropped out of high school in eleventh grade. In 1918, Faulkner attempted to enlist in the U.S. Army but was turned down. He then applied to the Royal Air Force where he adds the "u" to his last name. He was soon discharged and returned to Oxford, Mississippi. Here he attended the university for two year. "In the decade that followed, Faulkner donned a host of other identities, alternately and aristocrat, a bohemian, or a derelict" (Zane 5). Faulkner established himself as a major novelist in 1929 with the book The Sound and the Fury (Larinde). He wrote twenty novels and many short stories (Zane 1). His greatest achievements were the Nobel Prize for literature in 1950, the National Book Award, and Pulitzer Prizes. All of these awards came after he was fifty (7). Although Faulkner lived in Canada, New Orleans, New York, Hollywood, and Virginia, most of his life was spent in his native Mississippi (Faulkner 177).