Wednesday, August 26, 2020

Why Is Testing Stage of Sdlc so Important Free Essays

For what reason is the trying phase of frameworks improvement so significant? November 2012 Introduction †¢ Systems Development Lifecycle †¢ Types of SDLC †¢ Stages of SDLC †¢ Waterfall strategy Testing Program Testing Acceptance Testing Limitations of Testing Case Study 1: University of Salford Case Study 2: Knight Capital Group Summary Conclusion References Systems Development Lifecycle †¢ Systems Development Life Cycle (SDLC) is the way toward creating data frameworks through different stages from recognizing beginning necessities through examination, plan, testing, mplementation and upkeep. †¢ Many various models however each by and large comprises of a progression of characterized steps or stages. Laudon (2006) Types of SDLC †¢ Waterfall †¢ Fountain †¢ Spiral †¢ Rapid prototyping †¢ Incremental Bocij et al (2006) Waterfall †¢ One of the most established, most popular †¢ Linear successive arrangement of stages †¢ Review at end of each stage before proceeding onward to the following †¢ Logical chain of occasions, e. We will compose a custom article test on Why Is Testing Stage of Sdlc so Important? or on the other hand any comparable subject just for you Request Now g. programming can't start until particular finished †¢ Many various variants †¢ Many pundits †doesn't work? Laplante Neill (2004) Dennis et al (2008) Stages of SDLC Shift as indicated by the procedure utilized however typically some variety of the cascade strategy which has Galin (2004) filled in as a structure for other people. †¢ Systems investigation †recognize issues build up prerequisites †¢ Systems Design †make structure details †¢ Programming †make an interpretation of plan determination into code †¢ Testing †¢ Conversion †plan change, train clients †¢ Production Maintenance †work, assess and adjust the framework Laudon (2006) Testing Why test? Framework ought to be tried to guarantee that it meets the necessities spread out toward the beginning of the procedure. Build up a test plan †¢ Involve clients just as designers †¢ Simulate information and test framework forms e. g. entering another record, embeddings off base information Laudon (2006) Test Plan Test Number Purpose of Test Data Expected Result Actual Result 1 Test the approval rule on the â€Å"Date of Birth† field to guarantee that legitimate dates of birth can be entered. 15/02/1988 Accepted 2 Test the approval rule on the Date of Birth field to guarantee that a date later on can't be entered. 14/10/2013 Rejected Accepted Adapted from: Laudon (2006) Testing 2 essential periods of testing: program testing †guarantees that the projects function true to form in controlled condition †¢ acknowledgment testing †guarantees clients can utilize the framework and that it works true to form when being used. Laudon (2006) Program Testing 3 stages †¢ unit testing †singular modules of the framework are tried for any likely mistakes in the code. †¢ combination testing †to check the modules cooperate true to form †¢ complete framework testing †perceive how all the segments will function under different conditions Bocij et al (2006) Acceptance Testing User Acceptance Testing (UAT) by real end clients of the ystem to decide how well it lives up to their desir es and prerequisites. †¢ alpha testing †utilizing recreated information †¢ beta testing †utilizing real information †last stage before usage Bocij et al (2006) Acceptance Testing †¢ Security testing †regardless of whether security arrangements have been executed as proposed †¢ Recovery testing †how the framework responds when it has been compelled to fizzle †¢ Performance testing †in various conditions †¢ Stress testing †endeavors to â€Å"break† the framework by not following rules. Takes a gander at how the framework performs under substantial interest. Bocij et al (2006) Limitations of Testing Impossible to ensure that once a framework is tried it will work precisely true to form †¢ Too numerous components to do thorough testing †¢ It is regularly given inadequate significance and different stages overwhelm to the detriment of testing †¢ Cannot preclude unexpected issues sometime later BUT: Giv es a smart thought, recognizes significant mistakes Morris (2005), Bocij et al (2006) Case Study 1 †Careers Service †¢ New framework to oversee Careers Service arrangements, workshops and occasions †¢ Alpha testing uncovered not many blunders which were settled †¢ Beta testing uncovered critical issues re: understudy status, ducation subtleties, arrangement booking capacities †¢ Issues were settled and pilot framework propelled †¢ Phased execution. Testing continues†¦ Case Study 2 †Knight Capital Group †¢ Trading US values electronically (high recurrence exchanging) †¢ Dormant programming from an inheritance framework coincidentally reactivated †¢ Multiplied stock exchanges by 1000 †¢ brief postponement in closing down the framework †¢ Proper testing and â€Å"appropriate showcase simulations† †¢ Estimated $440M misfortune Detterman (2012), Ruhle, Harper and Mehta (2012) Summary †¢ Defined SDLC †¢ Types Stages of SDLC †¢ Types of Testing †¢ Limitations of Testing Case considers exhibit significance of intensive testing Conclusion †¢ Testing uncovers any blunders and inconsistencies †¢ Essential to guarantee they can be revised before execution †¢ Testing is a persistent procedure. There should be a cut off point before usage yet it can (and should) proceed †¢ Testing is basic since it is the best way to decide if the framework works to prerequisites and really works! Laudon (2006), Cervone (2007) References Cervone, H. F. (2007),†The framework improvement life cycle and advanced library development†, O CLC Systems Services, Vol. 3 Iss: 4 pp. 348â€352 [online]. Accessible from: [Accessed 12 November 2012] Dennis, A. , Wixom, B. H. Roth, R. M. (2008) Systems Analysis and Design, fourth Edn, Oxford: Wiley Detterman, E. (2012) â€Å"Software Development Life Cycle (SDLC) Case Study †Result = $440m Loss. † Solid Logic Techn ology. 12 August 2012 [online]. Accessible from: [Accessed 11 November 2012] Galin, D. (2004) Software Quality Assurance: from hypothesis to usage. Harlow: Pearson Education Laplante, P. A. Neill, C. J. (2004), â€Å"The Demise of the Waterfall Model Is Imminent† and Other Urban Myths†, ACM Queue, Vol 1, No. 10 [onliine]. Accessible from: [Accessed 12 November 2012] Laudon, K. C. also, Laudon, J. P. (2006) Essentials of Management Information Systems: Organization and Technology in the Networked Enterprise, ninth ed. , New Jersey: Prentice-Hall Morris, S. , (2005) â€Å"Software Development Cycle†, Tessella Support Services plc, accessible at http://www. tessella. com/wp-content/transfers/2008/05/softwaredevelopmentcycle. p df [accessed 12 November 2012] Ruhle, S. Harper, C. Mehta, N. (2012) Knight Trading Loss Said to Be Linked to Dormant Software. Bloomberg. 14 August 2012. [online] Available from: {Accessed 01-11-2012] The most effective method to refer to Why Is Testing Stage of Sdlc so Important?, Essay models

Saturday, August 22, 2020

Topic Selection Essay Example | Topics and Well Written Essays - 1000 words

Subject Selection - Essay Example visit to the branch and for this I have to make a rundown of representatives that are working there and who might be in a situation to give me data with respect to the issues that they are confronting. I can get to the names of the individuals that I need to meeting and I need to make sure to instruct them to keep the meeting and the material that would be talked about in the meeting classified. As a major aspect of my meeting procedure, I need to guarantee that the organization is meeting all its authoritative commitments and that it is satisfying the administrative and consistence strategies in such manner. This would incorporate the inquiries regarding why the organization isn't paying representatives for extra time and who is supervising the workers at the branch office. These are the fundamental inquiries that I expect to look for answers for. Further, the inquiry that why not all representatives are griping should be replied also. As a HR chief, I need to see whether there are different purposes behind workers stopping and since the procedure of wearing down goes under the HR manager’s competency too, I have to discover and find a way to stop the progression of representatives leaving the association. After I have surrounded the inquiries, I need to set up a poll of sorts and afterward take it to the representatives of the branch office and find their solutions to the equivalent. At last, as a feature of the examining task, I need to configuration overviews to be utilized by the workers. Presently comes the part where I need to compose the material and this would require combining the appropriate responses from the workers by ordering all the reactions and afterward solidifying the data that is given in the reviews. I need to list down the issues that are being looked by the workers and afterward discover the answers for each. It might be ideal on the off chance that I can list down the issues in a visual cue arrange and make a network where the arrangements are recorded against the issues that have been depicted up until this point. After the overviews and the assortment of information, I have to discover

Friday, August 14, 2020

Should You Freeze Your Credit

Should You Freeze Your Credit Should You Freeze Your Credit? Should You Freeze Your Credit?Freezing your credit will mean scammers cant steal your identity and open new accounts in your name. But is it the best way to protect your money?It’s quite cold outside. So cold, in fact, that your credit might just freeze!Just kidding. It’ll take more than leaving your credit in the snow to freeze it. But what does freezing your credit even accomplish? And should you do it? And how would you do it?Those are the questions we’re here to answer. So chill out, cause we’re talking credit freezes. What does it mean to freeze your credit?Wouldn’t it be … ice … to keep your credit score to yourself? Well, you can! At least temporarily.“What is a credit freeze?” asked Robert Siciliano (@RobertSiciliano), Security Awareness Expert and CEO of Safr.Me, rhetorically. “It’s an action you take to lock down your credit report. A lender can’t see your score, which means your Social Security number and credit rating is useless to them. In other w ords, they can’t tell if you are risky or not.“When an identity thief can access your ID (aka your Social Security number), they can also create credit in your name. However, if your credit file is frozen, the bad guys can’t access it any longer. With a credit freeze, your credit file is inaccessible.”Should you freeze your credit?As you might have been able to gather from context, one of the main reasons to freeze your credit is if you’re worried you’ve been the victim of identity theft.“The very best thing you can do to protect yourself from many forms of identity theft is to put a credit freeze on your credit report at each of the three major credit reporting agencies,” recommended Steve Weisman, lawyer, author, and identity theft expert who writes at Scamicide (@Scamicide).“Having a credit freeze on your credit reports at the three major credit reporting agencies, Equifax, Experian and TransUnion, will prevent criminals from accessing your credit reports in ord er to open accounts, access credit or make major purchases in your name even if the criminal has your Social Security number and other personal information.Particularly due to the fact that with large numbers of data breaches including the massive data breach at Equifax, your Social Security number may already be in the hands of an identity thief so freezing your credit is important.”But surely freezing your credit must have some major disadvantages, right? Not necessarily!“With data leaks becoming increasingly common, it makes sense to freeze your credit,” explained Austin Grandt, founder of Financial Toolbelt (@fintoolbelt). “If your social security number gets leaked, it is possible for someone to open accounts in your name if your credit isnt frozen. Freezing your credit is a precaution that does not cost you anything and can save a lot of headaches in the future.If you are curious if your information has been a part of any hacks, use the tool Have I Been Pwned. This wil l give you some context about the extent of data leaks and help you make an informed decision if you want to freeze your credit or not.”How do you freeze your credit?OK, so this freezing your credit business sounds like it can be a good way to deal with identity theft. But how do you do it?“Freezing your credit is not an inconvenience, explained Siciliano. “It only takes a couple of minutes to freeze and unfreeze your credit file. Of course, you need to unfreeze before getting approved for credit. That simply means prior to initiating an application for credit, you need to spend 5 minutes administrating the thaw.This boils down to a simple change in the current process which makes you more secure. Think of a freeze as putting on your seatbelt. It’s just something you have to do. To freeze your credit with Equifax, click here. To freeze your credit with Experian, click here. To freeze your credit with Transunion, click here.”And you’re sure it won’t cost anything?“The cost to freeze your credit was between $0 and $10 per credit bureau agency, the cost depending on the law in your state,” Justin Lavelle, Chief Communications Officer at BeenVerified (@BeenVerified), told us. “However, since September 21, 2018, there’s been no cost to place or lift a credit freeze.The removal of the fees doesn’t make the process easier; however, the removal of fees makes the process more attractive to consumers who were hesitant to pay a fee for placing a freeze and for each lifting of the freeze. The process has become faster since the credit freeze was first introduced several years ago. Presently, a freeze can be lifted in minutes via the internet or by phone.”Are there alternatives to freezing your credit?Freezing your credit isn’t the only way to counter identity theft, though each method has its own upsides and downsides.“While various identity theft protection services are available from companies such as Lifelock and others, none of these comp anies protect you from identity theft,” warned Weisman. “They merely alert you to identity theft sooner than you would otherwise become aware of the problem and while that it is important, freezing your credit can actually prevent many instances of identity theft.”You could also look at a credit lock. How does that differ from a credit freeze, you might ask?“One difference is the simplicity,” Lavelle explained. “It’s easier to lift a credit lock than it is to lift a credit freeze. Once you freeze your credit report with the three credit report bureaus, you can only unfreeze it through the use of a PIN. Once you lock your credit report, you can unlock it at any point, instantly, via your computer or mobile.Another difference is the cost associated with each service. The credit freeze doesn’t cost the consumer. The credit lock service has a monthly fee, typically of $20. Finally, a credit freeze offers a legal advantage over a credit lock. State laws govern and mandate credit freezes whereas a contract between the consumer and the credit bureau mandates credit locks.”And a credit freeze also offers protection that a fraud alert does not.“A fraud alert only lasts for 90 days, and the bad guys can still access your credit file and apply for new credit,” warned Siciliano. “This informs a creditor that you might have had your ID stolen, but they can still, and do, issue credit. At their best, fraud alerts simply notify lenders that something might be going on with your identity. It’s really just a false sense of security.”Hopefully, you now have a sense of what freezing your credit means and why you should do it. Now even if you’ve been exposed to a risk of identity theft, you don’t have to lose your cool. To read more about keeping your finances safe from potential scammers, check out  these related posts and articles from OppLoans:10 Tips to Protect Your Money for Cyber Security Awareness MonthNever Trust and Always Verify: How to A void Getting Scammed Over Email10 Common Scams: How They Work and How to Avoid ThemDating App Dangers: 7 Tips to Avoid Getting Scammed by a Fake RomanceWhat other questions do you have about fraud protection?  Let us know! You can find us  on  Facebook  and  Twitter.ContributorsAustin Grandt is the founder of  Financial Toolbelt (@fintoolbelt), a site that helps millennials understand and improve their finances. He is also a software developer passionate about building tools that build financial literacy.Justin Lavelle  is a Scams Prevention Expert and the Chief Communications Officer of  BeenVerified.com (@BeenVerified). BeenVerified is a leading source of online background checks and contact information. It helps people discover, understand and use public data in their everyday lives and can provide peace of mind by offering a fast, easy and affordable way to do background checks on potential dates. BeenVerified allows individuals to find more information about people, phone numbe rs, email addresses,  and property records.Robert Siciliano  (@RobertSiciliano) is a #1 Best-Selling Author and CEO of  Safr.Me.  Safr.Me is funny  but serious about teaching you and your audience fraud prevention and personal security. Robert is a United States Coast Guard Auxiliary Flotilla Staff Officer of the U.S. Department of Homeland Security whose motto is Semper Paratus (Always Ready). His programs are cutting edge, easily digestible and provide best practices to keep you, your clients and employees safe and secure. Your audience will walk away as experts in identity theft prevention, online reputation management, online privacy and data security.Steve Weisman  is a lawyer, college professor at Bentley University and author.  He is one of the country’s leading experts in identity theft.  His most recent book is “Identity Theft Alert.”  He also writes the blog  Scamicide.com  (@Scamicide)  where he provides daily updated information about the latest scams and identi ty theft schemes.

Sunday, May 24, 2020

Gandhi Critique vs Rabindranath Tagore´s Views - 778 Words

Gandhi Critique: Rabindranath Tagore The term the Indian independence movement refers to the progressive undermining of British Imperial rule in India during the late nineteenth-century and early twentieth-century. Though the effort was collective in nature, being that it was popular among the population of India, the means by which many intended to gain their freedom varied greatly. There were many competing political approaches to this movement, but among them all, the messages of Mohandus Karamchand Gandhi, otherwise known as Mahatma Gandhi, emerged as the most prominent. His teachings concerning how they, the people of India, must attain Swaraj, self-governance free from foreign input where power and wealth were to be distributed more equally, were founded under a few core principles and beliefs which stressed a multitude of subsequent practices. With publicity comes scrutiny and Gandhi was no exception. One of Gandhi’s foremost critics was his friend Gurudev Rabindranath Tagore, a Nobel Prize winning writer. Though highly controversial at the time, the methods employed by Gandhi proved to be instrumental to the progress of this nationalist movement. Gandhi lived his life, and encouraged others to do the same, with his philosophy of satyagraha: â€Å"observing a nonviolence of the mind, by seeking truth in a spirit of peace and love, and by undergoing a rigorous process of self-scrutiny†(Britannica). Some favored radical violence, but Gandhi remained true to his writings,Show MoreRelatedBhopal Gas Disaster84210 Words   |  337 Pages Executive Summary On December 3, 1984, toxic poisonous methyl isocyanate gas leaked from Union Carbide India Limited (UCIL s) pesticide plant in Bhopal. The gas leak triggered a disaster that is now widely recognized as the world worst industrial catastrophe. Thousands of people were killed instantly and more than 25,000 people have died of gas-related illnesses, several thousands more maimed for life since. Union Carbide negotiated a settlement with the Indian Government in 1989 for $470 millionRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesrecent phase of the human experience is usually covered only at the end of a multiterm sequence of world history units has meant that it often ends up becoming a rushed add-on of rather random, abbreviated capsule summaries and general overviews. In view of the fact that no phase of history can begin to match the twentieth century in terms of the extent to which it has shaped the contemporary world, this marginalization is particularly pernicious and has been at times literally lethal. The unmatched

Wednesday, May 13, 2020

A Farewell to Arms the Hemingway Code Hero - 1354 Words

A Farewell to Arms: The Hemingway Code Hero #9; Ernest Hemingways 1914-1918 autobiographical novel, A Farewell to Arms, takes place on the Italian front during World War I. Frederic Henry, the main character, is a young American ambulance driver for the Italian army during the war. He is extremely disciplined and courageous, but feels detached from life. Rinaldi, a surgeon and friend of Frederics, introduces him to an English nurse named Catherine Barkley. Once introduced, Frederic discovers a capacity for love that he never knew he held. They begin seeing each other frequently, but keep it secret for fear of the army getting involved. While they were dating Henry was hurt in the war and sent to another hospital away from†¦show more content†¦Rinaldi begins to lead Frederic into a perspective much like his own. One example is when he and Rinaldi are talking about the war and what has happened since Frederic has been on leave. Rinaldi says, quot;But now, baby, its all over. I dont operate now and I feel like hell. This is a terrible war baby. You believe me when I say itÂ….quot; Rinaldis view of life is being exposed to Frederic. Frederic is understanding that life really is a trap andShow MoreRelatedDiscussion of Stereotypes in a Farewell to Arms1449 Words   |  6 Pagesthey had really happened, Hemingway wrote just five years after publishing A Farewell to Arms, a novel written about the war in Italy, which is ironic because A Farewell to Arms can be seen as a semi-autobiographical novel, as some of the events that occur in the novel are based off of Hemingways own life. The parallels from the novel and Hemingways life are evident-- the protagonist, Lieutenant Frederic Henry, is an ambulance driver in the Italian army, just as Hemingway himself was an ambulanceRead MoreCharacter Analysis : A Farewell To Arms871 Words   |  4 PagesThroughout the novel A Farewell to Arms by Ernest Hemingway, Frederic Henry’s actions and attitudes towards the people he meets and the experien ces he encounters reflect his development as a Hemingway Code Hero. The Hemingway Hero is a very distant person who goes through life unattached. He is physically there, but emotionally uninvolved. Frederic Henry possesses these traits over the course of the book. He develops as a Hemingway Hero because no matter where he goes or what he experiences, he isRead MoreFrederic Henry: Code Hero835 Words   |  4 PagesA Hemingway Code Hero is a trait that almost every main character of Ernest Hemingway’s novels possesses. According to Hemingway, a Code Hero is a man (or woman) who lives correctly and demonstrates respect for honor and courage during a chaotic and stressful world. There is a particular pattern to how a Code Hero conducts his or her life on a day to day basis. In the novel A Farewell to Arms, Frederic Henry is the Code Hero because fate is a determining role in his life’s events, he lives in theRead More heroarms The Code Hero in A Farewell to Arms Essay10 21 Words   |  5 Pages The Hemingway Code Hero innbsp;nbsp;A Farewell to Arms Ernest Hemingway is a renowned American author of the Twentieth century who centers his novels around personal experiences and affections.nbsp; He is one of the authors named The Lost Generation. He could not cope with post-war America, and therefore he introduced a new type of character in writing called the code hero.nbsp; Hemingway is known to focus his novels around code heroes who struggle with the mixture of their tragic faultsRead More Frederick Henry Discovered Essay1901 Words   |  8 PagesFrederick Henry Discovered In A Farewell to Arms, Ernest Hemingway uses his idea of the code hero to introduce us to an amazing character. Hemingway takes his own ideas and conveys them through Frederic Henry. During World War I Frederic Henry proves to us that war and lost love can change a strong and willing man. Most men are not willing to change and Frederic Henry realized that in order for him to survive the many problems he was faced with, he would have to become a more mature manRead MoreDoubt in a Farewell to Arms by Hemingway1862 Words   |  8 Pagesmen dead of the 65 million men who fought in World War I (Harden). Frederic Henry is the driving code hero in A Farewell to Arms through the war as he shows much courage through the warzone, powers courageously through a struggle to validate himself, and acts in a realistic manner through his struggle with Catherine. Through his injuries from the blast, Frederic Henry shows that he is the main code hero as he exhibits courage by being eager to rush out of the hospital. After being hit by the blastRead MoreThe Characteristics of Hemingways Works2503 Words   |  11 PagesThe Characteristics of Hemingway’s Works Ernest Hemingway, who was awarded the Pulitzer Prize in 1953 and the Nobel Prize of Literature in 1954, occupies an outstanding position in the American literature. He is regarded as one of the most influential writers of the twentieth century. Hemingway is famous for his distinct writing style and his â€Å"Code Hero.† In addition, his many great works are based on his experiences of war. Hemingway’s writing style is arguably the most distinctive characteristicRead More Ernest Hemingways Code Hero in For Who The Bell Tolls and A Farewell To Arms4503 Words   |  19 PagesErnest Hemingways Code Hero in For Who The Bell Tolls and A Farewell To Arms They were American innocents negotiating the river of life wherever it took them: to Italy, to Spain, to Africa, to the Caribbean, wounded men laughing through the pain, sometimes risking their skins but never sacrificing their honor. It was a river into which countless writers would thrust their paddles.(Papa) Ernest Hemingway is arguably one of the most important writers in American history. Though this isRead More heroarms A Comparison of Code Heroes of A Farewell to Arms and For Whom the Bell Tolls2088 Words   |  9 PagesThe Code Heroes of A Farewell to Arms and For Whom the Bell Tolls      Ã‚  Ã‚  In Ernest Hemingways fiction, there is something known as the Hemingway Hero.   This term is usually applied to the male protagonist in his works.   The Hemingway hero illustrates a variety of traits, ranging from heavy drinking to his role as a leader among the characters with whom he interacts.   Traits of this hero also resemble the personal characteristics of Hemingway himself, and the hero usually finds himself inRead More The Enduring Hero in the Works of Ernest Hemingway Essay examples2161 Words   |  9 PagesThe Enduring Hero in the Works of Ernest Hemingway      Ã‚  Ã‚   In his vast collection of masterpieces, Ernest Hemingway uses his own characteristics to set a moral code for his various heroes. This sportsman like code is based on the admiration of the physical virtues of courage and endurance. While not necessary for sustaining society, the code conforms the characters to one set of characteristics (McCaffery 237). One key element of this code is stoic endurance in the face of calamity. Hemingways

Wednesday, May 6, 2020

Autobiographical Sketch of the Political Career Of John F. Kennedy Free Essays

From my birth in 1917 I was seemingly destined for a political career. I am John Fitzgerald Kennedy, and my middle name of Fitzgerald would serve to remind the voters of Boston and Massachusetts of my maternal grandfather, Honey Fitz Fitzgerald, a beloved former mayor of Boston. During World War II I pulled all the political strings my wealthy family possessed in an effort to be sent to the fighting, for I knew that after the war I would be a more viable candidate as a combat veteran. We will write a custom essay sample on Autobiographical Sketch of the Political Career Of John F. Kennedy or any similar topic only for you Order Now Virtually all of my early life revolved around politics, and both my older brother and I understood we were meant for high office. My father, Joseph P. Kennedy often said that his son would be America’s first Catholic president. He would prove to be prophetic. After the war, in 1946, I conducted my first campaign for congress (jfk library n.d.), enlisting the help of my sisters, my mother and my popular grandfather, going door-to-door on crutches as I recovered from my war wounds. I was elected on my first try. My goal from the beginning was the presidency of the United States and I used my family’s money and political connections toward that end. I first had to have a national platform and I chose to seek a seat in the U.S. Senate. I was elected in 1953 and immediately began my assault on the next obstacle. In 1956 I broke a tradition of the Democratic Party by actively seeking the nomination for vice-present on the ticket headed by Adlai Stevenson (White House.gov n.d.). My brother Robert once joked that that I have been saved from that mistake by being denied the nomination, as Stevenson lost to the sitting president, Dwight Eisenhower, in a landslide. Still this honed my political skills and allowed me to build a national base for my assault on the presidential nomination in four years. In 1960 I was elected 35th president of the United States in the closest election ever conducted, narrowly beating out the sitting vice-president, Richard Nixon (ibid). On November 22 of 1963 I made an ill-fated trip to Texas to mend some political fences within the party. I over-rode the advice of my security detail, which wanted me to ride in a limo with a bulletproof canopy. I wanted the crowd to have a better view of my wife and me as we drove past them on the narrow streets of Dallas on a beautiful sunny day.   As we were clear of the downtown canyon shots rang out and I was assassinated as my wife and a cheering crowd looked on in horror. I was the youngest man ever elected president and the youngest man to die in office. Works Cited John F. Kennedy Library and Museum     Biographies and Profiles: Kenneth P. O’Donnell   Retrieved 3-2-08 from: http://www.jfklibrary.org/Historical+Resources/Biographies+and+Profiles/Profiles/Kenneth+P.+ODonnell.htm  Ã‚  Ã‚  Ã‚   The White House  Ã‚   John Kennedy   Retrieved 3-2-08 from: http://www.whitehouse.gov/history/presidents/jk35.html  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   How to cite Autobiographical Sketch of the Political Career Of John F. Kennedy, Essay examples

Sunday, May 3, 2020

Critically evaluate Erikson’s psychosocial stage theory of human development with particular reference to identity development during adolescence free essay sample

Erikson is a neo-Freudian, who chose not to criticise but to develop Freud’s ideas. Erikson extended many aspects of Freud’s ‘psychosexual stage theory’ within his ‘psychosocial stage theory’ (1975; 1968; 1963). Erikson suggested the ego as the driving force in personality development, unlike Freud who suggested this to be the id. There were originally eight universal stages of development in the psychosocial stage theory which span across an individual’s entire life; these eight stages later had a ninth stage added. Each stage in the psychosocial stage theory is marked with a crisis. Individuals must learn to balance both the positive and negative poles of the crises by understanding each as useful; thus allowing positive outcomes to suffice. These outcomes are often referred to as ‘virtues’. Although the ninth stage of Erikson’s theory sees all previous conflicts merge. The ninth stage also sees a reversal of crises, as the negative pole now takes dominance over the positive. Erikson’s psychosocial stages are an elaboration upon the three stages Freud proposed, which cease post-adolescence. According to Erikson failure to pass through any stage successfully in the psychosocial stage theory does not stop individuals entering into further stages. Overcoming these past failings can be achieved in future crisis resolution, according to Erikson. This is also a development upon Freud’s psychosexual stage theory, as Freud believed that failing to overcome a crisis resulted in an individual becoming fixated with the stage for the rest of their life. The stage of Erikson’s psychosocial stage theory which has received most theoretical and experimental interest is the fifth stage, ‘adolescence’; thus I will use this stage to provide a brief illustration of the acquisition of a virtue. This stage sees individuals coming from adolescence in to ‘young adulthood’ which is the sixth stage. The sixth stage has the conflict of ‘intimacy’ Vs ‘isolation’; with the possibility of achieving the virtue ‘love’; the sixth stage is worth noting here because it has important implications in Erikson’s beliefs about the formulation of identity. Marcia (1980) has hailed achievement status in the fifth stage as a hallmark for maturity in individuals. The virtue of ‘fidelity’ is the achievement in the fifth stage. This is achieved by balancing the positive pole ‘identity’ and the negative pole ‘identity confusion’; which Berzonsky, (1997); LaVoie, (1994) have shown to be viable constructs. Attempts to achieve closure of this crisis is attempted by individuals via serious experimentation, this is referred to by Erikson as ‘identity achievement’. However, closure can also be achieved by individuals without the need for experimentation, this is thought to occur a result of their caregivers smothering the; not allowing sufficient exploration, thus resulting in the individual achieving closure by simply accepting the identity offered to him/ her by their caregivers, Erikson termed this ‘foreclosure’. However, not all individuals achieve closure at this stage; in this instance an individual may be referred to as diffuse, or in a stage of moratorium (this is a state which refers to a temporary phase of development on the way to achieving identity). If a balanced resolution (good balance of the crisis poles) is achieved at this stage in the theory an individual is confident that the sameness and continuity they have gathered in the achievement of virtues in the four previous stages are all recognised by others. This results in the individual having fidelity to their future roles (i. e. careers, family). On the other hand, poor resolution (too much of either the positive or the negative crisis poles) achieved at this stage is considered to be maladaptive for an individual; fidelity to future roles will become either too strong or not strong enough. Cote (1996) has disputed Erikson’s and Marcia’s claims that the sameness and continuity in the adolescent stage is the distinguishing feature of a mature individual. Cote argued that a diffuse identity or even foreclosure status maybe more appropriate in certain socio-cultural contexts. A diffuse identity or a foreclosure status may even be seen as an adaptive mechanism for individuals living within a culture which is undergoing vast change and uncertainty. This therefore suggests that Erikson’s theory of balanced crisis within this stage may be culturally dependant and thus may not always be the best outcome for all individuals. Lifton (1993) has argued that the portrayed continuity and sameness of identity is founded in traditional cultures, which holds relationships with institutions and symbols (i. e. religion) as very important. These ties with institutions and symbols, according to Lifton, have not been apparent for the majority of the late twentieth century. There has been little research which has examined Erikson’s psychosocial stage theory as a whole. One study which has has also provided significant findings relating to the theory (Ochse Plug, 1986). It is worth noting that the eighth stage which holds the possibility of achievement of the virtue ‘integrity’ was omitted from the results of this study due to the lack of elderly participants in the research. Ochse Plug, conducted factor analysis research on their findings, the results of which showed identity to be an over riding factor throughout all of the stages. This suggests that there are multiple stages concerned with a possible identity crisis (in some form or another). This would be expected by Erikson’s theory as it explains that the driving force in personality development is the ego, thus identity is considered to be developing at each stage of the theory along with the ego’s acquisition of virtues. There are further findings from Ochse Plug’s study which support Erikson’s ideas of personality development; although, these findings can also been interpreted as highlighting possible flaws of the theory. An example of this can be identified as the findings show that past crisis poles are strongly interrelated, which would be expected by the theory as it predicts that each stage builds upon the achievements of previous stages. However, the crises poles which have not yet been approached by an individual have also been shown to be strongly interrelated with the other crises poles. This appears to indicate that contrary to Erikson’s theory all of the crises poles appear to be running in parallel even when they have not been passed or even approached by individuals. Further flaws in Erikson’s theory are identified as these strong inter-correlations between crisis poles were only found to be true for white European participants, and not black South African participants (Ochse Plug, 1986). This appears to demonstrate that the accumulation of past virtues having an influence on future crises’ is dependent on ethnicity. Ochse Plug also found that male participants showed a stronger autonomy, industry and initiative compared to female participants, which suggests that the theory is affected by gender roles. As Erikson proposes a universal theory of psychosocial development, these results suggest that the universality of the theory is hampered by both ethnicity, and gender. Erikson’s psychosocial theory’s problem with gender roles highlighted by Ochse Plug’s findings has been criticised, perhaps more critically, but definitely more extensively by feminists, who believe that the theory does not adequately account for the female processes of identity development (Gilligan, 1982). Hodgson Fischer, (1979) have also criticised Erikson for showing a lack of attention to sex differences in his formulation of the development of identity in his theory. Douvan Adelson (1966) have shown that identity development differs substantially between males and females. This study has shown how females develop their identity via interpersonal relationships; whereas it has shown how men develop their identities via preoccupations with solitary tasks. It has been shown that both of the masculine processes (agency) and the feminine processes (communion) are both very important in the development of human experience (Bakan, 1966). Thus in light of this evidence Erikson has received much criticism for neglecting ‘half’ of the human experience of development. Erikson has been seen to have neglected the relational processes of identity formulation (which is considered the feminine route to identity, Douvan Adelson) due to his emphasis on agentic issues such as separateness, (which is considered the masculine route to identity formulation, Douvan Adelson). Morgan Farber, (1982) have illustrated how Erikson’s theory describes how men attain their identity and later develop intimacy; and how women first need to develop intimacy to form their identity. Morgan Farber suggest that according to Erikson women rely on men to be able to form their identity; as without a man there can be no resolution at the intimacy stage because the women’s ‘inner-space’ remains unfulfilled and therefore leaves women with no subsequent identity formation. If, as these feminists believe, this is true, the conclusion that women do not develop their identities in the same order as men can be drawn. This has lead to a consensus in beliefs amongst feminists that the stages of identity and intimacy are encountered by women in either a reverse order to that of the order men encounter them, or are at least fused together and encountered by women as a single stage. Thus Gilligan (1982), to account for these sex differences in the order the stages are encountered, has called for a re-examination of Erikson’s epigenetic chart. These feminist attacks on Erikson’s theory can be classified into two major criticisms. Firstly, that his work is inherently sexist; and secondly, the sequence of stages on the epigenetic chart is inaccurate for describing the development of women’s identity, which has resulted in Gilligan calling for a reordering of the epigenetic chart. The first major criticism of Erikson’s work has been suggested on two fronts, firstly it is suggested that social systems (such as motherhood, and marriage) have been interpreted by Erikson as a means to debilitate women’s development of their own identities. However this criticism has been shown to be weak; as it has been highlighted that selective quotations have been taken out of context and misinterpreted during the formulation of these arguments, (Horst, 1995, p272-4). Secondly, it is suggested that anatomical differences between men and women have been a reason for women being unable to adequately develop their identity, free of male intervention and without social constraints. The latter critique has been shown to be more credible than the first. As, although Erikson does explain how women can occupy male roles in society; their anatomical differences still limit their freedom to act against their sex roles imposed by society, as well as biology. However it should be remembered when noting this criticism, that there is an ambiguous cut off point to be considered when deciding where anatomical differences should be emphasised and/ or ignored; it has been shown that underemphasising sex roles can be just as dangerous as overemphasising them (Hare-Mustin Marecek, 1990). The second critique, which has called for a re-examination of Erikson’s epigenetic chart; is considered to be lacking in sufficient evidence to consider alterations to the chart (Horst, 1995). It has been noted by Horst that amongst this barrage of criticisms, there are major misconceptions regarding the process of personality development, as described in Erikson’s theory amongst the critics who have this unrequited hope for a re-examination of the epigenetic chart. It appears apparent that the critics understand each stage of development as an acquisition by the ego of a personality quality, with the elimination of its opposite; however, this is not a correct conceptualisation of Erikson’s theory of psychosocial development. Erikson’s actual emphasis is focused on the importance of balance within each crisis, between both the positive and negative poles; with too much off either, the positive or the negative poles being maladaptive for development. Erikson also emphasises the importance of inter-correlations between previous crises on future crises. Thus Erikson does not depict that identity develops in the absence of intimacy, or vice versa, (as is the argument put forth by the feminists). Erikson on the other hand however describes how intimacy is also present in the process of identity development, and vice versa. Erikson explains that intimacy is developing and is identifiable simultaneously with identity development because individuals have to develop (amongst many other identity aspects), a sexual identity which is highly related to intimacy development. Therefore critics appear to miss interpret the key concept of balance in Erikson’s stages, as well as the fact the poles of each stage are interrelated to one another (Ochse Plug, 1986). It appears that Erikson’s theory, when understood with all of its complexity can explain female development to a more acceptable level than the feminist critiques wish to acknowledge or perhaps wish to accept. Another feminist who is concerned with the explanation of female identity development in Erikson’s theory has not jumped on the bandwagon by criticising Erikson’s theory, but has offered a new perspective to the problems listed by her fellow feminists so far. Josselson (1987), who, like other feminists believed that women’s identity is based upon connections and relationships; is critical of other feminists who (according to Josseson) have overlooked women’s identity development, through their persuit of unnecessary research tangents. She explains the need not to ask the question regarding females’ identity development of ‘whether’ females develop identities, as she urges feminists to ponder ‘how’ women form their identities. Josselson, conducted a longitudinal study concerned with women’s development, she used Marcia’s (1966) identity statuses to categorise the participants, although she did not (like previous researchers) simply attempt to fit women into the already existing (more masculine) categories; she instead redefined the categories to integrate women into them. The research shows two major findings, each relating to descriptions, which could help remove some of the misinterpretations of masculine and feminine routes to identity development. The first being that individuation does not need to only be described as separation, but can also be described in terms of â€Å"becoming different and maintaining connection at the same time† (Josselson, 1987, p171. ) The second being that the female’s journey status should not be defined as crisis between occupational goals alone, it should instead describe a crisis around, either occupational goals or relationship issues, this would therefore give them more choice and thus control in relation to their identity development. From her findings Josselson concluded that Erikson’s epigenetic chart need not be altered to integrate women into the theory, because a couple of terms may just need to be better defined and made slightly broader in scope to allow more feminine issues to be incorporated into them. The evidence provided has identified flaws of Erikson’s psychosocial developmental stages; with certain flaws being shown to be more viable than others. Both gender and ethical limitations have meant that the theory does not appear to be applicable as a universal theory. Further investigation of gender differences has lead to the theory being criticised by numerous researchers, in relation to its conceptualisation of how male and female identity is developed. Numerous researchers suggest that the theory holds a gender bias in its focus of agentic issues surrounding development; although findings from Josselson has suggested otherwise. Hamachek (1990) has also argued that of the many personality theories, Erikson’s psychosocial stages hold the most emphasis on the resolution of ‘female’ problems such as interpersonal issues of intimacy and feelings of isolation. As this argument would assume, evidence has suggested that Erikson’s epigenetic chart adequately accounts for both male and female development. Although there have also been criticisms of Erikson’s theory regarding the use of sexist overtones in both a social and anatomical way, the social issues appear to be overly limited themselves, thus holding no threat to Erikson’s theory. However, the anatomical differences have been shown to be a relatively stronger limitation of Erikson’s theory. Erikson’s revolutionary conceptualisation of personality development as a life long process has yet not lead to any advances in treatments, however it has been influential in the development of other theories concerned with personality, especially theories concerned with the ‘mid life crisis’, Levinson, (1978). There are still major concerns over the way in which the theory accounts for the clear differences in how males and females develop their identities, however there now appears to be feminists who are conforming to agreement that the theory can account for feminine issue of development, although these are still addressed to a lesser extent to that of male identity development. Clarification of the issues raised will require further examination of development in both males and females to allow for full drawn conclusions to be made regarding the theory’s gender differences relating to identity develpment. Reference List

Friday, March 6, 2020

Platos Ring Of Gyges Essays - Platonism, Ancient Greek Philosophers

Plato's Ring Of Gyges Essays - Platonism, Ancient Greek Philosophers Plato's Ring Of Gyges The Ring of Gyges The story of the Ring of Gyges is an excerpt from book two of Plato's The Republic, in which Glaucon disagrees with Socrates and insists that people act moral because they lack the power to behave otherwise. In an effort to support his claim, Glaucon recites the tale of Gyges. In this paper, I will include a brief history of Plato, a description of the Ring of Gyges, and discuss how the story may affect our present lives. Plato was born in 429 B.C. in Athens, Greece, to Ariston and Perictione. Plato's real name was Aristocles, and 'Plato' (meaning 'the broad') was a nickname given either from the width of his shoulders, or from the size of his forehead. When Plato was a young man he became a disciple of Socrates, learning the value of reason and philosophy. Plato was in military service from 409 B.C. to 404 B.C., but at this time he wanted to pursue politics rather than a military career. At the end of the war he joined the Oligarchy of the Thirty Tyrants, but their violent acts resulted in Plato leaving quickly. In 403 B.C. a restoration of democracy in Athens began, and Plato had great hopes of reentering politics. However, the execution of Socrates in 399 B.C. had an immense effect on Plato and he decided on having nothing further to do with politics in Athens. Plato left Athens after Socrates had been executed and traveled in Egypt, Sicily, and Italy. Upon his return to Athens, in about 387 B.C., Plato founded the Academy, an institution devoted to research and instruction in philosophy and science. Plato was disappointed with the ethics of those in public office (JOC 1). The Academy's primary goal was to educate citizens for statesmanship (Sahakian 35). Plato presided over his Academy in Athens until his death in 347 B.C. (JOC 1). The Ring of Gyges is a story written by Plato in an attempt to force the reader to evaluate his or her own sense of morality. In this story, Gyges worked as a shepherd for the king of Lydia. An earthquake opened up the ground where Gyges' flock was feeding. Inside this opening lay a bronze horse with doors. Inside these doors was a dead body with a golden ring. Gyges pulled the ring from the dead and climbed from the hole. He later joined his fellow shepherds to make a regular report to the king about his sheep. As he sat and toyed with his ring, Gyges noticed that when he turned the setting around on his finger he became invisible to all. He then became a messenger from the shepherds to the court; Gyges took his pleasure and seduced the queen. He later conspired with queen and killed the king, taking control of Lydia. After the story is told, Glaucon asks Socrates to imagine that two magic rings exist. A just individual has one ring, and an unjust person holds the other. Glaucon argues that no man could resist the temptation of taking what is not his, therefore the actions of the just would be as the actions of the unjust. This may affirm to be proof that a man is good, not willingly, but of necessity. If self-indulgence can be practiced without fear of punishment, then the tendency for being unjust will prevail (Jowett 257). What would one do if one possessed a magic ring? One could argue that there is a resemblance between Gyges and President Clinton. The President is a very skillful politician, a master of evasive talk. Plato states, A man who uses his power in the endless pursuit of the delights of the flesh possess the soul of a tyrant. Plato also understood that democracy is susceptible to a certain form of tyranny: the rule of a generous government, catering to the public's needs and wants in exchange for their freedom. Could one associate Plato's idea of a tyrant with the actions of President Clinton? The President has squeezed out of every tight spot in which he has landed. Clinton's cleverness may lead him to think he possesses a Gyges' ring of invincibility. He can allow his passions and sensual desires

Wednesday, February 19, 2020

Modern Childhood and Institutions Essay Example | Topics and Well Written Essays - 2000 words - 1

Modern Childhood and Institutions - Essay Example From this study it is clear that the people in that particular space are tasked with determining how the place will be and the set of rules that will govern it. The way that a person adapts to the spatial space depends on that particular individual. One may decide to let the place influence him or her or may be the one to influence the place. Schools have successfully managed to create space for the children through several spatial disciplines. For instance, they have managed to create a learning space for the children. Through this, children gain knowledge on various topics that they would have not attained had they not attended the institution. This is considered as an investment for their future because it is through education that they will have careers and they are encouraged to put plenty of effort to make sure that they succeed. Learning can be done in classrooms or any other means that the teacher deems fit. The teachers have a role of encouraging the children to study. As th e paper highlights schools have also developed play spaces for children. Children need to relax their minds even though they do not do much. It is unnecessary to strain the brain of a child. They need time off and this is best done by playing. The playing area should be big enough to accommodate the children and allow them to play freely. There should also be a variety of games that the children can be engaged in. The children should always be supervised in the play area. This is because some children may get hurt when playing and it is important for a mature person to always be in charge so as to handle such a case efficiently. Schools also develop spaces that enhance social skills for children. The school environment facilitates the interaction of children from different backgrounds who come together with the aim of gaining education. The children interact and learn different things from each other. Friendships are made as they find it easier to relate with each other.

Tuesday, February 4, 2020

Organisation Behaviour Essay Example | Topics and Well Written Essays - 2500 words

Organisation Behaviour - Essay Example It has an international division, the Joint Commission International (JCI), which works with health care organizations in over 80 countries worldwide since 1994 (Joint Commission Resources Inc., 2009). These include hospitals, ambulatory care facilities, clinical laboratories, care continuum services, medical transport organizations, and primary care services, as well as certification for disease or condition specific care (Joint Commission Website, 2011). Being accredited and certified by the Joint Commission is recognized as a symbol of the highest quality that reflects on a health care organization’s commitment to meeting the most discriminating performance standards. The Joint Commission’s mission is to â€Å"continuously improve the safety and quality of care provided to the public through the provision of health care accreditation and related services that support performance improvement in health care organizations† (Joint Commission website, 2011). The Jo int Commission provides the premium standards that health care institutions must comply with to ensure that patients are provided the utmost quality of care they deserve. Upon successfully passing the accreditation requirements, the health care organization earns the symbol of quality that reflects the organization’s commitment to excellence – the Joint Commission’s Gold Seal of Approval. ... It has been established to seek patient safety solutions (Joint Commission Resources, Inc., 2009). Metaphorical Analysis of Joint Commission Morgan (1997a) has conceptualized a way to analyse organizations with metaphors. This concept is aligned with the theories of Lakoff & Johnson (1980) as they explain: In all aspects of life ... we define our reality in terms of metaphors and then proceed to act on the basis of the metaphors. We draw inferences, set goals, make commitments, and execute plans, all on the basis of how we in part structure our experience, consciously and unconsciously, by means of metaphor (p. 158). The metaphors Morgan has chosen are machines, organisms, brains, cultures, political systems, psychic prisons, flux and transformation and instruments of domination. According to him, multiple perspectives are produced when organizations are analysed using more than one metaphor since a single metaphor will not be able to provide a holistic picture of the organization. F or this essay, the writer has selected machines and organisms to analyse the organization of the Joint Commission. The functions of the organization are very much likened to a machine’s in terms of â€Å"input- output† of performance and the standards used to measure its efficiency. The organism is also chosen to analyse the Joint Commission, being an organization dedicated to the respect and preservation of life. Morgan has used the metaphor of machines to describe organizations that are designed to achieve specific purposes using a standardized method. The metaphor of organisms is used by Morgan to describe organizations as living organisms that strive to adapt and survive in an environment that constantly

Monday, January 27, 2020

Whistle Blowing Theory And Whistleblowers Protection

Whistle Blowing Theory And Whistleblowers Protection The aim of this paper is to present the theory of whistleblowers protection, analyze the mechanisms for protection that surrounds it and draw out recommended whistle-blowing protection for Republic of Macedonia. It will start with presenting background theory for whistleblowers protection and define the main concepts of this theory such as who are the whistleblowers, what it means and when does it occur, and what are the most commonly used mechanisms for protection of whistleblowers usually included in policies. The paper will furthermore, analyze the basic mechanisms of protection such as anonymity, immunity from legal action, and protection against reprisal which are often referred to as basic whistle-blowing protection, and further mechanisms such as relocation or transfer, reinstatement and back pay. These mechanisms will then be compared to the legislation in Macedonia. The final part of this paper will conclude with recommendations drawn out from these analyses for a whistleblowers policy protection that might be adopted by the Government in Macedonia. WHISTLEBLOWING Whistle-blowing is a term that has been used a lot in the media to present different cases of wrongdoing and stress the importance of these cases for the public welfare. In this part of the paper we will look at the concept behind whistle-blowing and what this means through several different definitions that have been used in this theory or definitions that support the understanding of the author of this paper. Furthermore, we will define the term whistle-blower and whistleblowers protection and several cases of whistleblowers will be presented in order to present the importance of this protection. The term whistle-blowing comes from different origins. The general understanding that underlines the origin of this term usually derives from the action of whistling as an act of signaling. In these terms, Miceli and Near make a parallel of the act of blowing the whistle in a corporation or government, and the whistling of a football referee. By comparing whistle-blowing with an official on a playing field, such as a football referee, who can blow the whistle to stop action, they refer to the whistleblower as someone who whistles to stop wrongdoings (Miceli and Near 1992, 15). Similarly Deiseroth, ties the term whistleblower to the Englishbobbies(policemen), who would blow their whistles when they would notice the commission of a crime (International Network of Engineers and Scientists for Global Responsibility 2009). All of these imply that whistle-blowing as an act is related to signaling wrongdoings. Before going into explanation of who are the whistleblowers and what is the impac t of reporting wrong doings, we will look at the theory that defines the concept of whistleblowers and whistle-blowing as an act. According to Larmer, whistle-blowing is the act of complaining, either within the corporation or publicly, about a corporations unethical practices (Larmer 1992, 126). De Maria in his book Deadly disclosures: whistle-blowing and the ethical meltdown of Australia defines whistle-blowing as a public exposure of wrongdoing (De Maria 1999, 32) and as an ethical resistance against the usually protected existence of wrongdoing (De Maria 1999, 34). Whistle-blowing is also defined as the disclosure by organizations members (former or current) of illegal, immoral, or illegitimate practices under the control of their employers, to persons or organizations that may be able to effect action (Near and Miceli 1985, 4). In addition to these definitions Jubb looks at whistle-blowing in a broader range and defines it as dissent, in response to an ethical dilemma, in the form of a public accusation against an organization (Jubb 1999, 79) and in the more narrow terms defines it as: a deliberate non-obligatory act of disclosure, which gets onto public record and is made by a person who has or had privileged access to data or information of an organisation, about non-trivial illegality or other wrongdoing whether actual, suspected or anticipated which implicates and is under the control of that organisation, to an external entity having potential to rectify the wrongdoing (Jubb 1999, 79). As it can be understood from the provided definitions of whistle-blowing, we can conclude that the concept of whistle-blowing is mainly defined as a concept that involves reporting of ethical wrongdoings which affect the public in the society. Now that we have underlined the origins and the act of whistle-blowing, we turn to identifying who is the whistle-blower and why there is a need for a whistleblowers protection. De Maria defines whistleblowers as: a concerned citizen, totally or predominantly motivated by notions of public interest, who initiates of his or her own free will, an open disclosure about significant wrongdoing directly perceived in a particular occupational role, to a person or agency capable of investigating the complaint and facilitating the correction of wrong doing (De Maria 1995, 447). At the same time, Miceli and Near define the whistleblowers as present or past member of an organization against which the complaint is lodged (Miceli and Near 1992, 16). The definitions given above imply and confirm the idea given in Jubbs more narrow definition of whistle-blowing about possessing inside knowledge about an organization regarding different wrongdoings of the organization or skeletons in their closets. They also stress the importance of whistleblowers in the act of revealing wrong doings in the public sector or the organizations. Additionally, the provided definitions of wrong doings also stress the importance that these acts often refer to information in possession of the whistleblowers gained in the period of employment with the public sector or given organization, which deals with illegal or un-ethical acts. Unfortunately when information is leaked very often the question within the organizations according to Frome is not Is it right or wrong? but Who leaked it? (Frome 1978, 53). In many cases such as these, when this information is exposed to the public, the whistleblowers are fired, repressed or in some extreme cases even assassinated. Such is the case of Marlene Garcia Esperat who was killed for her exposà © on graft and corrupt practices (Espejo 2006) in the Philippines Department of Agriculture in 2005. Similar is the case of Satyendra Dubey who brought up the corruption in the highway construction in India and was assassinated in 2003 year after he complained to Mr Vajpayee and the road network authorities (BBC News 2003), and the case of Manjunath Shanmugam, who brought up to attention the corruption in the gas industry in India and was murdered for exposing an adulteration racket in Lakhimpur in 2005 (News, Daily News Updates 2009). Even thought the cases presented above represent extreme situations, they stress the importance of having policies that will offer whistleblowers protection. The protection in these terms is provided through the several mechanisms brought up at the beginning of the paper, namely the anonymity, immunity from legal actions, protection against reprisal as well as relocation, reinstatement and back pay. Basic protection Anonymity Whistleblowers are in some cases reluctant to blow the whistle. This can be a result of many factors, some of which include the fear of their safety, the seriousness of the information that they are in possession of, and some factors may include the fear of unfair retaliation. In these cases whistleblowers may choose to stay anonymous. However even thought some of these factors can be into play anonymity not always can be guaranteed, especially in cases as defined by Elliston when the anonymity impedes the pursuit of truth (Eliston 1983, 174). One way of establishing anonymity is by introduction hot lines in the organization, but has to be taken into account that this may come as a conflict in smaller organizations. Immunity from legal action This shield refers to the immunity from legal actions for the whistleblowers. In the most simplified meaning this reflects to situations when the whistleblower may be given immunity from criminal prosecution in exchange for their testimony. The Justice Department of Australia in a discussion paper on Public interest disclosures states that person that discloses information about wrong doing will not be liable for any action, claim or any other demand of whatsoever nature including for breach of statute, criminal offence, defamation, breach of confidence, misconduct or other disciplinary offence (Tasmanian Department of Justice 2000). However, it needs to be noted as well that immunity from legal actions is also not always guaranteed. For example, a person can not be given immunity if the wrongdoings that are reported have been carried by from the person that is reporting them. Protection against reprisal Protection against reprisal is seen as critical by Near and Dworkin because it signals organizational support for the reporting of wrongdoing (Near and Dworkin 1998, 1560). These authors point out that an organization that does not treat its employees fairly under other circumstances would seem more likely to retaliate against whistleblowers than would an organization that is seen as fair (Miceli and Near 1992, 217). Considering the above, whistle-blowing protection policies usually define certain actions that are taken against individuals that are attempting or conspiring to cause harm to the whistleblower. Further protection Relocation or transfer Relocation, which sometimes is tied to anonymity, is an additional mechanism of the whistleblower protection that provides relocations or transfers to another department upon a request of the person that blows the whistle. In cases when the identity of the whistleblower is keep anonymous this protection is not necessary, whereas in cases of knows identity additional protection is provided by relocating the whistleblower. In other cases, the whistleblower if he has concern about his safety, he can again request for relocation or transfer. It needs to be taken into account that considering this protection will most probably vary on a case to case basis. The South Australian Whistleblower Protection Act 1993 states that if whistleblowers feel that a reprisal might arise from their actions of reporting wrongdoings, they can request for relocation on the basis that the only practical way to remove or substantially remove the danger (South Australian Whistleblower Protection Act 1993). Remedies Reinstatement The reinstatement with the whistleblowers protection usually falls under the categories of remedies. Within this category reinstatement should be provided in order for the whistleblowers to continue his career. Kohn states that one of the goals of reinstatement is to restore the employee as nearly as possible to the position he or she would have been in if the discrimination has not occurred (Kohn 2001, 331). Furthermore, he states that reinstatement after a person has blown the whistle is sometimes nearly impossible especially when it comes to finding comparable work in the same industry (Kohn 2001, 330). In has to be taken into account that for most of the whistleblowers the issue of having a job comes first and foremost from the fundamentals of the benefits that one gain in terms of income. Therefore, the protection to the whistleblowers by providing reinstatement can be seen as having crucial importance to the whistleblowers themselves. Lewis in his article on whistle-blowing at work also points out to the importance of having reinstatement provided by saying the where workers have lost their jobs they should also have the option of choosing reinstatement or re-engagement (Lewis 2001, 193). Back pay According to Kohn, back pay serves to vindicate the public policy behind a wrongful discharge statute, at acts as a deterrence to future unfair labor practices, and it serves to restore the injured employee to the same status quo as would have existed but for the wrongful act' (Kohn 2001, 332). These serves to provide the whistleblower with further protection on the basis of compensation; however the limitation of the back pay is that it is difficult to approximate the amount that the person would have earner have he or she stayed in the organization. Kohn states that back pay awards are continues and are concluded once the employer makes unconditional offer of reinstatement (Kohn 2001, 333). After we have looked at the whistle-blowing concept and the protection that is proved to whistleblowers, we need to take a look at the legislation in Macedonia to see what kind of protection is offered, if any. Furthermore, we will continue with recommendations for whistle-blowing protection that the Government of Macedonia might consider to implement in future whistleblower policies. Article 38 from the Law on free access to information of public character in Macedonia states that: Any responsibility shall be removed from an employee within the state administration that shall disclose protected information, in case such information be of significance for the disclosure of abuse of power and corruptive behavior, as well as for the prevention of serious threats to human health and life and the environment (Law on free access to information of public character 2006). In addition to this article, Article 20 from the Law on prevention of corruption in Macedonia provides that: A person who has disclosed information indicating an act of corruption may not be subject to criminal prosecution or to any other liability; protection according to the law shall be provided to a person who has given statement or has testified in a procedure for an act of corruption. This person shall have the right to compensation of damages, which he/she or a member of his/her family has suffered, due to the statement made or testimony given (Law on prevention of corruption 2002). These two articles from the legislation in Macedonia provide some legal protection to whistleblowers, however they do not protect the whistleblower fully. Article 38 from the Law on free access to information of public character in Macedonia states that person that would disclose information about wrong doings will be removed from responsibility, however the article does not define this responsibility and whether it refers immunity of legal prosecution. In addition, Article 20 from the Law on prevention of corruption limits the disclosed information only to acts of corruption, and similarly to the previous article again it does not define the protection of the whistleblower in a way that no further information is given about the form of the compensation of damages. The following section of this paper provides the recommendation for an ideal whistleblowers protection and gives a recommendation on which of the measures or as we called them shields should be taken into consideration and drafted in a law by the Government of Macedonia. RECOMMENDATIONS In terms of anonymity, the author of this paper feels that it needs be taken into account that people sometimes choose not to blow the whistle when they consider this action to be vain. In addition to this, Miceli and Near point out that people sometimes dont want to take the time to make a report (Miceli and Near 1992, 42). They furthermore stress that even thought guaranteed anonymity may reduce this bias to some extend, it does not address the other problems (Miceli and Near 1992, 42). Having said this, the author of this paper believes that further devolvement in policies that would address biased situation should be well and explicitly developed in the whistleblowers protection. Recommendations on immunity refer closely to the discussion earlier about the Law on free access to information of public character in Macedonia and the need to clearly identify the removal of responsibility when disclosing wrongdoings and whether it refers to immunity of legal prosecution. The whistleblowers protection should include actions for people that are attempting or conspiring in order to carry out reprisal over the whistleblower. These actions should include legal and disciplinary actions if a person engages in acts that would personally harm or threaten the safety of the whistleblower, would engage in acts of property damage or loss, intimidates, decreases level of employment and similar activities that might harm the white-blower. The author of this paper believes that in terms of relocation or transfer, a recommendation for an ideal policy for whistle-blowing protection aside from the relocation and transfer should consider expanding this protection in a way that would provide as well leave of absence in case when no relocation or transfer is available at the moment. This in addition to the relocation and transfer shield would provide more efficient protection when there is any chance that the person blowing the whistle might be reprised. The whistleblowers protection should clearly define reinstatement and back pays protection. In terms of reinstatement, it needs to be noted in the legislation that reinstatement must be to a comparable job (Kohn 2001, 333). The protection should clearly defined the process of back pay awards and if this process can last continuously until reinstatement of the employee has been brought up on the agenda of the employer. Further considerations might be given in defining the process of calculation in terms of time. This would imply that back pays can be calculate on quarterly basis which would imply that employees interim earnings in one particular quarter have no effect on back pay liability for another quarter' (Kohn 2001, 333), or they can be calculated on periods of six months which would reflect the current situation in Macedonia where usually no significant changes are seen in terms of promotions or raise on salary on shorted periods. In conclusion, the articles provided in the legislation of Macedonia referred to some degree to immunity from legal action and to payment of damages to the whistleblowers as a result from inflicted damages from a given testimony. Thus, a whistleblowers protection is recommended that would give clear understanding of what constitutes a person that discloses wrongdoings, the opportunity for anonymity, reinstate or transfer as well as definitions of remedies that would follow these actions. Second and most important due to the effort of the Government of Macedonia to fight with corruption having a clear and well defined whistleblowers protection drafted in law that might lead to more rapid improvements when fighting and prevention corruption. REFERENCE LIST BBC NEWS. 2003. India probes whistleblower murder. BBC NEWS, December 15, http://news.bbc.co.uk/2/hi/south_asia/3320011.stm (accessed November 29, 2009). Deiseroth, Dieter. 2009. What is whistle blowing? International Network of Engineers and Scientists for Global Responsibility. http://www.inesglobal.com/index.php?whistle-blowinghighlight=Dieter%20Deiseroth (accessed November 29, 2009). De Maria, William. Deadly Disclosures: Whistleblowing and the Ethical Meltdown of Australia. Kent Town, S. Aust: Wakefield Press, 1999. De Maria, William.1995. Quarantining dissent: the Queensland public sector ethics movement. Australian Journal of Public Administration 54(4): 442 455. Elliston, Frederick A. 1982. Anonymity and Whistleblowing. Journal of Business Ethics 1(3):167-177. Espejo, Edwin G. 2006. The Esperat murder case: Justice at last but no end yet. Sun.Star General Santos, October 09, http://www.sunstar.com.ph/static/gen/2006/10/09/feat/the.esperat.murder.case.justice.at.last.but.no.end.yet.html (accessed November 29, 2009). Frome, Michael. 1978. Blowing the Whistle. The Center Magazine 11 :50-58. Johnson, Roberta Ann. Whistleblowing: When It Works and Why. Boulder: L. Rienner Publishers, 2003. Jubb, Peter B. 1999. A Restrictive Definition and Interpretation. Journal of Business Ethics Vol. 21, no. 1 (August). http://www.jstor.org/stable/25074156 (accessed November 29, 2009). Kohn, Stephen M.Concepts and Procedures in Whistleblower Law. Westport, Conn: Quorum Books, 2001. Larmer, Robert A. 1992. Whistleblowing and Employee Loyalty. Journal of Business Ethics Vol. 11, no. 2 (February), http://www.jstor.org/stable/25072254 (accessed November 29, 2009). Lewis, David. 2001. Whistleblowing at Work: On What Principles Should Legislation Be Based? Industrial Law Journal 30, no. 2, http://ilj.oxfordjournals.org/cgi/reprint/30/2/169 (accessed November 29, 2009). Miceli, Marcia P., and Janet P. Near.Blowing the Whistle: The Organizational and Legal Implications for Companies and Employees. Issues in organization and management series. New York: Lexington Books, 1992. NDTV News India. 2009. News, Daily News Updates, November 10, http://birlaa.com/news/remembering-manjunath-killed-for-honesty/10000 (accessed November 29, 2009). Near, Janet P., and Marcia P. Miceli. Organizational Dissidence: The Case of Whistle-Blowing. Columbus, Ohio: College of Administrative Science, Ohio State University, 1985. Near, Janet P., and Terry M. Dworkin.1998. Responses to Legislative Changes: Corporate Whistleblowing Policies. Journal of Business Ethics 17, no. 14 (October), http://www.jstor.org/stable/25073989 (accessed November 29, 2009). Official Gazette of the Republic of Macedonia. 2002. Zakon za sprecuvanje na korupcijata (Law on prevention of corruption) 28/02. Official Gazette of the Republic of Macedonia. 2006. Zakon za sloboden pristap do informacii od javen karakter (Law on free access to information of public character) 13/06. South Australian Government Gazette. 1993. Whistleblower Protection Act 16.9/93. Tasmanian Department of Justice. 2000. Public Interest Disclosures. Discussion paper. http://74.125.77.132/search?q=cache:8G4kPPC9a18J:www.justice.tas.gov.au/__data/assets/word_doc/0008/55556/Discussion_Paper_Final.doc+%22Immunity+from+legal+action%22+whistlecd=3hl=enct=clnk. (accessed November 29, 2009).

Sunday, January 19, 2020

Freak the Mighty and The Mighty compare and contrast

Freak the Mighty and The Mighty and both known by many. One is a book and the other is a movie based on the book. Although they can relate to each other this book and movie both are unique in their own ways. One similarity of these pieces of art is that the chapters match up. Max’s childlike chapter titles are very much incorporated in the movie. For example, chapter 6 of the book â€Å"Close Encounter of the Turd Kind† is narrated in the movie. In addition, Killer Kane comes to the down under just as expected after the chapter title â€Å" What Came Down the Chimney†.Also, when Grim gets a gun Max hears the wretchedly loud conversation his grandparents had that he is not supposed to hear, just like in the book. Furthermore, the tone set by Rodman Philbrick is undeniably there considering the execution of the suspenseful scenes, i. e. when Kevin starts choking on american chop suey and when Max is throwing things in frustration when he learns his father is on par ole. While these similarities show what these pieces have incommon Freak the Mighty and The Mighty still have differences that make them distinctive.Although the characters have the same names, I have got to say there appearance was definitely incorrect. In the book Max was said to be 7 feet tall, while Kevin was said to be 2 feet tall. In the movie Max was about 6 feet and Kevin was the height of an average 6th grader at Eldorado K-8 ( about 4†6’). Kevin was supposed to have blond hair and blue eyes ( the movie gave him brown eyes and brown hair) while Maxes appearance was not clear in the book. Additionally, in the book, Kevin and Max seemingly lived in suburbia while the movie gave the impression they lived in much more of a city.For example, the old testaments seemed much bigger and better-looking than described in the book ( broken toys and ragged and dirty children who seemed a little broken themselves). The minor problem in plot detail is a third difference. In t he movie, Kevin is apparently Max’s LD (learning disabled) reading tutor. In the book there is no mention of tutoring that went on between the boys in school. Without a doubt, Freak the Mighty and The Mighty remain comparable by their names and who the story was inspired or written by, but these pieces are individual works of art with varying traits.

Friday, January 10, 2020

Fresin Fries Bussiness Plan

Company Summary What is Fresin Fries? Fresin Fries sells  gourmet fries in a cone  with a   choice of sauce. We use the concept of Belgian Fries, where the fries are all made from fresh potatoes and fried twice. Our outlet also provides excellent and friendly customer service to support the ambience of fun, energetic and youthful lifestyle. Youthful and fresh surroundings We will imitate  successful establishments, such as Jamba Juice and Starbucks, which represent the majority of our core target market, between 18 to 35 years of age. Our store will feature display cooking of our featured Belgian Fries from cutting to frying. Our customers will also be able to read our in-house brochures in regards to all knowledge about Belgian Fries and our featured sauces. Our store will be decorated with fast food setting, such as a bright counter and display menu on the wall. Quality food Each  store will  offer nothing but freshly fried Belgian fries, sandwiches and variety of unique blend sauces, all served with old-fashioned home-style care. Open everyday Our store is open everyday from 10 am to 9 pm. Variety, variety, variety A different selection of sauces will be featured every three months and we will also change our Italian soda flavors to accompany our fries. . 1 Company Ownership Fresin Fries is a privately held company. It will be registered as a Limited company, with ownership 25% – Guy Fry, 25% – Sam Sauce, 25% – Carl Cone, 25% – Harry Hip. Guy Fry and Sam Sauce have more than 10 years of experience in the food industry. Both are currently employed as Corporate Staff of Co mpany A. Sam Sauce holds an MBA degree from University V. A true entrepreneur by heart, his latest entrepreneurial project is a diamond store in the heart of Singapore. Guy Fry holds a BA degree in Graphic Design from the Academy of Arts. His projects are widely varied from product design to brand development of several reputable companies. Harry Hip holds a MS degree from Institute Y. He completed several projects and served as project manager for multi-national companies in Singapore. Carl Cone holds a BS degree from University Z, majoring in Management and Information Technology. Prior to his return to Singapore, he has held several management positions in a U. S. -based IT company. 2. 2 Start-up Summary The retail outlet will be rented at one of the target location shopping malls. Our preference is Space A, for the main reason of reaching larger traffic. Startup requirements will be financed through owner investments. [pic] [pic] [pic] |Start-up | | | | |Requirements | | | | | |Start-up Expenses | | |Kitchen and Fixtures |$21,600 | |Furniture and Interior |$16,500 | |Legal |$3,000 | |Rent |$15,000 | |Packaging and Stationary |$8,500 | |Contingencies |$4,200 | Total Start-up Expenses |$68,800 | | | | |Start-up Assets | | |Cash Required |$50,000 | |Other Current Assets |$0 | |Long-term Assets |$0 | |Total Assets |$50,000 | | | | |Total Requirements |$118,800 | 2. 3 Company Locations and Facilities Fresin Fries locations will range in size from 50 – 70 meter square and will seat from  15 –  25 guests. Our first location will be on the larger end of this range. The location will feature its own originality in merchandise display and other brand building attributes. We will equip the outlet with modern furniture and  aim for  cleanliness  and an  open feeling. We are currently looking at several possible sites in shopping malls along Orchard Road. The space selection will be chosen based upon the following criteria: †¢ Community size: minimum of 800,000 people within a radius of 8 kilometers. †¢ Tourist destination. †¢ Easy access. †¢ Large percentage  of teenagers in the community. All of these qualities are consistent with Fresin Fries' goal of providing a top quality fast food experience. We want â€Å"word-of-mouth† to be our best form of marketing, where our customers value our brand as something exciting and cannot wait to tell their friends and neighbors. Fresin Fries will directly compete with several fast food joints inside the chosen shopping mall,  including Tori-Q (yakitori specialist), Bee Che Hiang (chinese sausages), Bread Talk (one of the most successful bakery franchises), and Pizza Walker (locally owned pizza chain). Products We want to focus only on selling fries. Alcoholic drinks will not be sold in our outlet, as Fresin Fries promotes a healthy and positive Singaporean lifestyle. Instead, we will offer Italian Soda  to complement the fries. In promoting  the  Fresin Fries  lifestyle, we will offer various merchandise  with our logo and colors, from hats to t-shirts to potato cutters to our signature sauces, so that our customers can enjoy Fresin Fries at home. Our signature sauce is exclusively manufactured by Company Q. They can be also purchased at selected retailers. 3. 1 Product Description Fresin Fries primarily sells fries and our  unique dipping sauces. Main products sold are: Belgian fries, Italian sodas and corporate merchandise. Belgian-style fries are available in large (choose 2 dips), small (choose 1 dip), with addition of garlic Fresin (add S$0. 25). The dips for Belgian style fries can also be served with sandwiches; they  are available in more than 20 flavors: †¢ Pesto Mayo †¢ Satay Sauce †¢ Teriyaki Sauce †¢ Thai Chili Ketchup †¢ Creamy Wasabi Mayo †¢ Roasted Pepper Mayo †¢ Lava Cheese †¢ Black Pepper Sauce †¢ Curry Ketchup †¢ Barbecue †¢ Jalapeno Ketchup †¢ Caribbean Islands Traditional Sambal †¢ Korean BBQ †¢ Hot Chili Sauce †¢ Garlic Dip 3. 2 Competitive Comparison Fresin Fries has several advantages over its leading competitors: †¢ Unique â€Å"fusion† concept of dipping sauce. †¢ We expect a high degree of enthusiasm and offer a fun store with friendly staff , that reflects the company's youthful and energetic culture. †¢ Supporting merchandise items that support the company's brand building. †¢ Our fried potato is made 100% fresh, compared to most fast food outlets that use frozen fries. †¢ Our dipping sauce is also made fresh without preservatives. Our innovative packaging will be more entertaining than our competitors; a single cone with a cup reserved for dipping sauce. |Company | | | |2005 |2006 |2007 |2008 |2009 | | |Potential Customers |Growth | | | | | |CAGR | |Young Singaporeans |15% |5,000,000 |5,750,000 |6,612,500 |7,604,375 |8,745,031 |15. 00% | |Working Singaporeans |10% |3,000,000 |3,300,000 |3,630,000 |3,993,000 |4,392,300 |10. 0% | |Tourists |20% |3,800,000 |4,560,000 |5,472,000 |6,566,400 |7,879,680 |20. 00% | |Total |15. 52% |11,800,000|13,610,000|15,714,500|18,163,775|21,017,011|15. 52% | 4. 2 Target Market Segment Strategy Fresin Fries intends to cater to the bulk of teenagers and youngsters in Singap ore. We have chosen this group for several important reasons. It is our goal to be â€Å"the extraordinary fast food place† and we believe that the age group from 15 to 25 is the primary age where brand building efforts could take place. They are on limited or fixed incomes and seek a value/price relationship that will not stretch their budgets. Our secondary target is  between the ages of 25  and 37, which are a heavy lounge/restaurant user group. They are more flexible in budgets and seek more than a value/price relationship. Our lunch strategy is dual purposed. First, we are featuring fresh fries to fill Singapore's craving for fast food as most ideas of lunch is a quick bite not a heavy meal. Second, we want to keep the price point at lunch as fair as possible to keep us in competition with other fast food outlets. At S$4. 00 for a medium size fries, we are only slightly above the segment, but we offer much more excitement than the rest of the competition. 4. 2. 1 Market Needs Fresin Fries sees our targeted market group as having many â€Å"makan† (eating) Singaporean Dollar needs. A recent Consumer Trend and Analysis by Euromonitor identified the following needs among our target markets. Our core group: †¢ Wants variety and flavor in its food, preferably something fried †¢ Looks for speed of service †¢ Wants an entertaining and fun experience Insists upon a clean, friendly, and attractive environment †¢ Adopts a global lifestyle †¢ Is computer literate †¢ Enjoys eating out †¢ Has an active lifestyle †¢ Comes from various ethnic backgrounds According to a GAIN Report published in 2000, potatoes are  the second largest commodity of US exports to Singapore after fresh fruit, valuing almost USD $13 million per annum. This is caused by the increasing ly younger demographic and rising incomes throughout Singapore that have led to lifestyle changes that are influencing consumer purchases, food, and entertainment choices. Some changes taking place include a larger professional class with more working women,  which means greater disposable incomes. 4. 2. 2 Market Trends In the past, Singaporeans preferred Western chain restaurants. This was the time when KFC, McDonald's, Long John Silver's  and Pizza Hut were dominating most of the chains. But the trend seems to have shifted in the last decade, with the success of the locally grown brands, such as Bread Talk and Bee Che Hiang. Many of these local brands grew to become  giant franchises  that dominate the Southeast Asia region. For instance, Bread Talk controls 55% of Indonesia's bakery market. The key to success for these foreign chains was mainly due to the popularity of Singapore as tourist destination for these countries. Tourists are the strongest â€Å"buzzer. † Usually after  they went back from vacationing in Singapore, they told friends and families about new things in Singapore, including new shopping malls, new boutiques, new restaurants, and new fast food joints. The fascination of Asian tourists coming to Singapore has positioned the city itself as an aspiration to modern life in the region. Many local entrepreneurs camouflaged their retail stores as an international brand in accordance to what they sell. For instance, there is a local entrepreneur who created a Japanese name to sell yakitori (Japanese BBQ meat skewers), and there is a fashion boutique named after an old Italian movie. 4. 3 Industry Analysis Despite the prolonged effects of the Asian Economic Crisis followed by political turmoil up to mid 2001, Singapore's food service industry witnessed growth over 2000/2001 at 4  Ã¢â‚¬â€œ 5% in terms of units and transaction (Euromonitor). Much of this growth was contributed by the cafes/bars, fast food, and food retail sectors, whose wide appeal amongst a young population, for whom time is of a premium, led to high levels of growth. This growth is underpinned by market demand and lifestyle changes, such as seeing eating out as part of trendy lifestyle. Entry of major multi-national food service operators into major shopping destination in the late 1980s until the 1990s led to growth in competition in the marketplace, mainly from fast food chains. This stimulated the rise in the number of fast food units, both of international  and local chains, that started in the early 1990s. Although there was a  slowdown during the economic crisis in 1998,  the food service industry  recovered faster than others, particularly during 2000 and 2001. Recent bombing tragedies have also proven that  negative effects on this sector  are moderately short-term. Franchising became popular in the food service industry through the introduction and entry of multi-national food service brands, primarily U. S. -owned enterprises, such as KFC, Pizza Hut and McDonald's. Currently, there are many local chains that have also experienced growth by applying this system to their operations. 4. 3. 1 Trends in Food Service Retail According to government surveys, Singapore's spending on â€Å"eating out† is continuing to increase. Spending on cooked food as a percentage of total average food-spend reached 55% in 1998. The growth in spending in the food service sector arises from a number of factors: †¢ Increased affluence amongst Singaporeans, especially those under the age of 40 years. †¢ Increases in the number of expatriate residents, which has more than doubled since 1988. †¢ Increased convenience-seeking amongst younger Singaporeans who live in a hectic city today compared to the much slower pace of life that existed 20 years ago. When they want convenient cooked food, Singaporeans have long turned to the local hawker stalls, rather than prepared ready-to-cook or ready-to-eat processed convenience foods. As the numbers and variety of food service outlets has increased in Singapore, locals have adopted the convenient products of other food service outlets, especially the fast food outlets, as alternative sources of convenient cooked food. Younger middle and upper income group families and individuals are also frequent users of the full service restaurants, modern-style coffee shops and cafes that now exist all across Singapore. Over the past 5 years, there has been a general upgrading in the food service sector which has seen the establishment of more air conditioned food centers (food courts) that are considerably cleaner than the traditional hawker markets. At the same time, increased investment from foreign and local businesses in the sector has also produced an increase in the numbers of: †¢ Foreign chains, including chains such as Outback Steakhouse. †¢ Modern retail bakery/cafe outlets such as Bread Talk. †¢ Modern coffee shops such as Starbucks. 4. 3. 2 Competition and Buying Patterns The competition in this arena is the fiercest  in all  other metropolitan areas in SE Asia. Singapore is a compact city, but has a lot to offer. Usually there are a minimum of two of the same outlets within  a radius of less than 300 meters. For instance, Bread Talk opens one outlet inside the Ngee Ann City Shopping Centre and another just across the street inside the Far East Plaza Shopping Centre. It is quite common for retailers to implement this kind of strategy, due to the high volume of people strolling around the main area of Orchard Road. Another reason is because many retailers do not want to lose sales opportunity, as the competitors are offering substitutions and similar product categories. This phenomenon has made Singapore the best place to shop. If you just missed Haagen Dazs waffle at CK Tang Shopping Mall, there is another Haagen Dazs across the street at the new Paragon Shopping Centre. 4. 3. 3 Main Competitors Our main competitors in this segment are any food outlets within the 300 meter radius along the Orchard Road. In our location, there are Tori-Q, Pizza Walker, Starbucks, Bread Talk, and Rotiboy. Tori-Q Tori-Q is locally owned franchise who sells Japanese BBQ skewers. Established in 1998, Tori-Q had expanded its operation into neighboring countries, Indonesia, Malaysia, and Thailand. Tori-Q is popular among local teenagers as it offers fast service to its customers. Commonly, Tori-Q outlets are rather small,  and can only serve a maximum of 6 guests. It is a choice for those who are in a hurry and would like to grab a quick lunch on the way. Pizza Walker Pizza Walker is a joint venture positioned as gourmet pizza joint in Singapore. Most of its retail outlets are decorated with welcoming ambience, such as flowers and see-through kitchens. Pizza Walker is a good place to hang out, and the place is always full during lunch hour. It has more than enough tables to serve a maximum of 55 guests. Its specialty is all-you-can-eat pizza! Starbucks Starbucks' strategy entering the lunch market had made some impact in Singapore. Usually, a lunch menu in Singapore consists of â€Å"fried and BBQ stuff† such as roast pork with rice or the Big Mac. Starbucks is one of the first food retailers that popularized â€Å"light and healthy† alternatives such as salad or lean sandwich as an options for Singapore's lunch accommodations. Bread Talk As the most successful franchiser in Singapore, Bread Talk is surely becoming a threat for most food retailers. Bread Talk not only rented most of the retail space along Orchard Road, but now they are doing delivery to offices and apartments nearby. Bread Talk outlets usually consist of a huge see-through kitchen, and bread trays ready for pick-up by customers, with three or four cashiers at front, to speed up the queue. Rumor has it that Bread Talk sold more than 35,000 breads each day in just one of their retail outlets. Rotiboy A Malaysian franchise. Rotiboy is quite popular in the region as it is now expanding into several cities in Indonesia, Vietnam, Thailand, and the Philippines. Rotiboy offers simplicity for quick lunch franchiser, and often considered alternatives for its long queueing rivals. 4. 3. 4 Foreign Vs. Local Franchising Around 40% of the franchises operating in Singapore are foreign. Home grown franchises are still in their maturing stages as they start to expand globally. Franchises from the U. S. account for 65% of foreign brands, with big players such as KFC, Starbucks, Pizza Hut, etc. Due to high capital investment, Singapore conglomerates tend to dominate the industry. Home grown franchises are more  often sought more by young entrepreneurs than  are their Western counterparts, as  they offer greater flexibility and lower franchise fees to operate. Unlike Western license holders, home grown franchises  are more efficient in the overall supply chain management as the basic raw ingredients are commonly found anywhere in the region. Strategy and Implementation Summary At first, we will open one outlet inside the New Paragon Shopping Centre. This will become our â€Å"market testing area,† and as we go further, Fresin Fries is planning to open another in nearby shopping malls. In attracting customers to try our fries, we will provide a see-through kitchen, so that people will see how we are committed to freshness in our products. The kitchen will also let out an aroma of our freshly fried fries into the surroundings area, so that people will come and try our products. 5. 1 Competitive Edge †¢ Our unique dipping sauces blend local taste and international into one fusion recipe for the signature sauce. Enthusiastic and friendly staff †¢ Supporting merchandise items that support company's brand building. †¢ Our  fries  are made of 100% fresh potatoes, unlike the frozen fries used by competitors. †¢ Innovative packaging will position us at the same level with foreign fast food franchises. 5. 2 Marketing Strategy Our strategy is based on serving our markets well. We will start our first outlet a s a â€Å"market tester† that could become a model of the expanding number of outlets in the future. Concentration will be on maintaining quality and establishing a strong identity in the local market. A combination of local media and local store marketing programs will be utilized at each location. Local store marketing is most effective, followed by print ad. As soon as a concentration of stores is established in a market, then broader media will be explored. We believe, however, that the best form of advertising is still â€Å"buzz. † By providing a fun and energetic environment, with unbeatable quality at an acceptable price in a clean and friendly outlet, we will be the talk of the town. Therefore, the execution of our concept is the most critical element of our plan. We will actively build our brand, through the selling of supporting materials, such as merchandise, promotional items and other marketing gimmicks similar to those of other fast food franchises. 5. 2. 1 Pricing Strategy Our pricing strategy is positioned as â€Å"generic†, meaning that S$4. 00 is the average consumer spending for a snack or light lunch in Singapore. Leveraging the volume of fries, Italian Soda, and signature style sauces to be sold, we are serving the majority of Singaporeans. 5. 2. 2 Brand Challenges Fresin Fries must establish a distinct brand to stand out from the other Western-style fast food competitors. Our logo is distinct as fresh, energetic and playful with color elements that are eye catching. †¢ Product names are geared toward the target market (teens), with items such as â€Å"Frenzy Fresin† and â€Å"Uber Fresin† which are fun and easy to remember. 5. 2. 3 Marketing Programs We will deploy three different marketing tactics to in crease customer awareness of Fresin Fries. Our most important tactic will be â€Å"word-of-mouth† and in-store marketing. This will be by far the cheapest and most effective of our marketing programs  because of  the high traffic in targeted shopping locations. The second tactic will be local store marketing. These will be low-budget plans that will provide community support and awareness of our facility. The last marketing effort will be utilizing local media. Although, this will be the most costly, this tactic will be used sparingly as a supplement where necessary. †¢ In-Store Marketing o In-store brochures containing our concept and philosophy. o Wall posters. o Design concept. o In-store viewing of making fries process from cutting to frying. o Standing signage inside malls’ lobby/aisle. o Outdoor signage (if possible). o Grand opening promotion. o Party catering. o Merchandising items. †¢ Local Store Marketing o Brochures. Free occasional t-shirts at local stores events. †¢ Local Media o Direct mail piece – containing brochures sent to surrounding addresses. o Web page – containing company philosophy, history and news. o Local magazines that target our core customers, such as Free! Magazine. o Newspaper campaign – placing several large ads t hroughout the month to explain our concept to the local area. 5. 2. 4 Positioning Statement Our main focus in marketing will be to increase customer awareness in the surrounding community. We will direct all of our tactics and programs toward the goal of explaining who we are and what we are all about. We will price our products fairly, keep our standards high, and execute the concept so that â€Å"word-of-mouth† will be our main marketing force. 5. 3 Sales Strategy The sales strategy is to build and open new locations in order to increase revenue. However, this plan will be implemented when the one â€Å"market tester† outlet showed potential growth. As each individual location will continue to build its local customer base over the first three years of operation, the goal of each store is  S$104,250 in annual sales, with the original flagship store expected to earn almost S$200,000 per year. . 3. 1 Sales Forecast We anticipate the highest peak on the months of November and December in our sales forecast, due to the holiday seasons. In November, there is Ramadan, and for non-muslim Malaysians and Indonesians, it means vacation time. Approximately 1. 5 million  Indonesians visit Singapore each year, mostly for shopping and dining. Then in December, we anticipate m ore tourists coming into Singapore; this explains the jumped of sales in these last two months of the year. [pic] [pic] [pic] [pic] [pic] Sales Forecast | | |2005 |2006 |2007 | |Unit Sales | | | | |Belgian Fries |49,464 |98,928 |197,856 | |Italian Soda |27,692 |55,384 |110,768 | |Merchandising |3,889 |7,778 |15,556 | |Signature Packaged Sauces |3,356 |6,712 |13,425 | |Total Unit Sales |84,401 |168,802 |337,605 | | | | | | |Unit Prices |2005 |2006 |2007 | |Belgian Fries |$4. 00 |$4. 00 |$4. 00 | |Italian Soda |$1. 50 |$1. 50 |$1. 50 | |Merchandising |$8. 50 |$8. 50 |$8. 50 | |Signature Packaged Sauces |$2. 00 |$2. 00 |$2. 0 | | | | | | |Sales | | | | |Belgian Fries |$197,856 |$395,712 |$791,424 | |Italian Soda |$41,538 |$83,076 |$166,152 | |Merchandising |$33,057 |$66,114 |$132,228 | |Signature Packaged Sauces |$6,712 |$13,425 |$26,849 | |Total Sales |$279,163 |$558,327 |$1,116,654 | | | | | | |Direct Unit Costs |2005 |2006 |2007 | |Belgian Fries |$0. 80 |$0. 80 |$0. 80 | |Italian So da |$0. 15 |$0. 15 |$0. 15 | |Merchandising |$3. 83 |$3. 83 |$3. 83 | |Signature Packaged Sauces |$1. 00 |$1. 00 |$1. 0 | | | | | | |Direct Cost of Sales | | | | |Belgian Fries |$39,571 |$79,142 |$158,285 | |Italian Soda |$4,154 |$8,308 |$16,615 | |Merchandising |$14,876 |$29,751 |$59,503 | |Signature Packaged Sauces |$3,356 |$6,712 |$13,425 | |Subtotal Direct Cost of Sales |$61,957 |$123,914 |$247,827 | 5. 4 Strategic Alliances Our business requires a long relationship with raw suppliers as well as partner vendors. In Chinese, this relationship is called â€Å"guanxi,† meaning business bonding. We already have a long and good standing relationship with  Company V  in our previous ventures. For Company Y, Mr. Joe Shmo, the managing director,  is a prominent figure in the society and we hope to strengthen further our business relationship with him and  the company. 5. 5 Milestones During the initial set up of the company, the 4 founders (Guy Fry, Harry Hip, Sam Sauce, and Carl Cone) will conduct the planning and implementation in building the brand and the construction of our first outlet. The planning and construction will take approximately 8 months, in addition to the revision and refinement process that will take the rest of the 12 month period before our opening in early 2005. [pic] [pic] [pic] Milestones | | | | | | | | |Milestone |Start Date |End Date |Budget |Manager |Department | |Presentation materials for all |1/12/2004 |3/12/2004 |TBD |Carl Cone |Business | |stakeholders | | | | |Development | |Follow up with suppliers |1/21/2004 |3/22/2004 |$100 |Sam Sau ce |Business | | | | | | |Development | |Follow up with developers |1/21/2004 |9/8/2004 |$50 |Sam Sauce |Business | | | | | | |Development | |Printing materials |2/13/2004 |4/10/2004 |$8,000 |Guy Fry |Marketing | |Marketing communication program |2/21/2004 |6/23/2004 |TBD |Sam Sauce |Marketing | |Constructions |5/22/2004 |12/3/2004 |TBD |Harry Hip |Business | | | | | | |Development | |In store signage, POP |5/23/2004 |10/11/2004 |TBD |Guy Fry |Marketing | |Grand opening materials |6/2/2004 |10/13/2004 |TBD |Guy Fry |Marketing | |Hiring staff |7/14/2004 |8/12/2004 |$900 |Harry Hip |Human Resources | |Open second location |7/1/2005 |7/1/2005 |$10,000 |Carl Cone |Business | | | | | | |Development | |Open 3rd and 4th locations |1/1/2006 |6/1/2006 |$15,000 |Carl Cone |Business | | | | | | |Development | |Open 5th, 6th, and 7th locations|1/1/2007 |12/31/2007 |$20,000 |Carl Cone |Business | | | | | |Development | |Training staff |9/12/2004 |12/10/2004 |$1,000 |Harry Hip |Human Resources | |Totals | | |$55,050 | | | Web Plan Summary The website will, of course, show visitors everything about Belgian food culture, including the history of french fries over time. To make the website interactive, Fresin Fries will offer gift cards and promotions via the Internet, so our visitors can print the promotional coupon in PDF format and bring it when they visit Fresin Fries. Visitors can also download Fresin Fries' theme song as ring tones, or order potato cutters for delivery. Besides the traditional formats of customer service hotline and in-store form, customers can now write their comments and suggestions  on our website, which will be directed to one of our staff. So, the website itself will act as the medium between our company and our audience. In the future, our website will show information on franchising/licensing our brand name. 6. 1 Website Marketing Strategy We will leverage the visibility of our shopping mall's website by getting them to include a link to ours. We will also post  banners on an official Singapore tourism website. 6. 2 Development Requirements To adequately serve our audience, the front end strategy of our website should be parallel with our corporate color. The front end design of our website will be entirely trusted  to Mr. Guy Fry. The diversity of founders' background in our company has enabled a cost efficient development in our venture. As Mr. Harry Hip and Mr. Carl Cone are experts in Information Technology, the back end of our website will be developed by  these gentlemen. Management Summary The initial management team depends on the founders themselves, with little back-up. As we grow, we will take on additional help in certain key areas. Part of our basic philosophy will be able to run our executive management as a â€Å"knowledge sharing† fellowship. We will not add additional overhead until absolutely necessary. This will mean that the initial staff support team will have to work extra. By doing this, we will keep our overhead as low as possible, allowing us to adequately staff our outlets. This will also allow us and future business partners to recoup investments as quickly as possible and enjoy a higher return. At present time, Fresin Fries is being owned by its 4 founders. Others that have helped on the development of this business venture will be offered an opportunity to grow together with the company at the appropriate time, and when the time comes, the 4 founders’ share will be consolidated as one entity. 7. 1 Management Team Fresin Fries is currently the creative idea of its four founders. As the company is small in nature, it only requires a simple organizational structure. Implementation of this organization form calls for all four individuals to make all major management decisions in addition to monitoring all other business activities. As we expand into multiple locations, each location will have a primary site manager. 7. 2 Organizational Structure Future organizational structure will include a director of store operations when the store locations exceed four units. We hope that this individual will come out of the ranks of our stores’ management. This will provide a supervisory level between the executive level and the store management level. Current plan is to have our accounting and payroll functions done by an in-house bookkeeping. Mr. David Lu will be responsible for accounting and business development of Fresin Fries, helped by Mr. Harry Hip, acting Head of Human Resources Division. Possible positions might be added at a later date include marketing manager, purchasing manager, controller, human resources, R&D and administrative support team. 7. 3 Personnel Plan Our initial employees will  include two  cashiers, two cooks and two bus boys per location, with one of each on the premises during open hours. This is considered an ideal personnel number for a food outlet the size of our own. Each employee will work for 38-40 hours per week. In the long run, as we expand our product category and retail outlets, we will employ more people in the middle management to ensure the focus of our work, including site managers. [pic] |Personnel Plan | | |2005 |2006 |2007 | |Site Managers |$0 |$60,000 |$96,000 | |Cashiers |$36,000 |$80,000 |$144,400 | |Cook |$28,800 |$66,000 |$115,200 | |Busboy |$23,400 |$56,000 |$94,000 | |Total People 12 |26 |40 | | | | | | |Total Payroll |$88,200 |$262,000 |$449,600 | Financial Plan The company is now privately held by Harry Hip, Guy Fry, Carl Cone, and Sam Sauce. Future shares will be offered after two consecutive years of operating in Singapore. 8. 1 Projections 8. 2 Start-up Funding Currently, the company is owned by the original 4 founders, who each will contribute $200,000 for the same amount of share, 25%. This will more than cover start-up requirements, and provide the business with a cash cushion to use for expansion over the first thre e years. [pic] Start-up Funding | |Start-up Expenses to Fund |$68,800 | |Start-up Assets to Fund |$50,000 | |Total Funding Required |$118,800 | | | | |Assets | | |Non-cash Assets from Start-up |$30,000 | |Cash Requirements from Start-up |$50,000 | |Additional Cash Raised |$681,200 | |Cash Balance on Starting Date |$731,200 | |Total Assets |$761,200 | | | | | | | |Liabilities and Capital | | | | | |Liabilities | | |Current Borrowing |$0 | |Long-term Liabilities |$0 | |Accounts Payable (Outstanding Bills) |$0 | |Other Current Liabilities (interest-free) |$0 | |Total Liabilities |$0 | | | | |Capital | | | | | |Planned Investment | | |Eric Yam |$200,000 | |Martin Ng |$200,000 | |David Lu |$200,000 | |Sagita Suwandi |$200,000 | |Additional Investment Requirement |$0 | |Total Planned Investment |$800,000 | | | | |Loss at Start-up (Start-up Expenses) |($68,800) | |Total Capital |$731,200 | | | | | | | |Total Capital and Liabilities |$731,200 | | | | |Total Funding |$800,000 | 8. 3 Break-even Analysis Our break-even analysis shows that we need unit sales over 9,700 per month to break even. We do not expect to begin turning a profit until year three. [pic] [pic] [pic] |Break-even Analysis | | | | |Monthly Units Break-even |9,706 | |Monthly Revenue Break-even |$32,104 | | | | |Assumptions: | | Average Per-Unit Revenue |$3. 31 | |Average Per-Unit Variable Cost |$0. 73 | |Estimated Monthly Fixed Cost |$24,979 | 8. 4 Projected Profit and Loss As the Profit and Loss shows,  Fresin Fries will run at a loss f or the first two years, using up some of the cash reserves initially invested by the founders. As sales increase, we will expand into new locations to aggressively spread brand recognition. This increase in visibility will allow us to take up less expensive locations off of Orchard Road, while maintaining our flagship operation, the first store, in a  prime spot. [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] Pro Forma Profit and Loss | | |2005 |2006 |2007 | |Sales |$279,163 |$558,327 |$1,116,654 | |Direct Cost of Sales |$61,957 |$123,914 |$247,827 | |Other Costs of Sales |$0 |$0 |$0 | |Total Cost of Sales |$61,957 |$123,914 |$247,827 | | | | | | |Gross Margin |$217,207 |$434,413 |$868,826 | |Gross Margin % |77. 81% |77. 81% |77. 81% | | | | | | | | | | | |Expenses | | | | |Payroll $88,200 |$262,000 |$449,600 | |Marketing/Promotion |$10,000 |$10,000 |$10,000 | |Depreciation |$0 |$0 |$0 | |Rent |$174,000 |$248,000 |$298,000 | |Utilities |$2,550 |$5,000 |$8,000 | |New locatio n setup |$25,000 |$50,000 |$50,000 | | | | | | |Total Operating Expenses |$299,750 |$575,000 |$815,600 | | | | | | |Profit Before Interest and Taxes |($82,543) |($140,587) |$53,226 | |EBITDA |($82,543) |($140,587) |$53,226 | |Interest Expense |$0 |$0 |$0 | |Taxes Incurred |$0 |$0 |$0 | | | | | | |Net Profit |($82,543) |($140,587) |$53,226 | |Net Profit/Sales |-29. 57% |-25. 18% |4. 77% | 8. 5 Projected Cash Flow The following chart and table show the Projected Cash Flow for Fresin Fries. [pic] [pic] [pic] |Pro Forma Cash Flow | | |2005 |2006 |2007 | |Cash Received | | | | | | | | | |Cash from Operations | | | | |Cash Sales |$279,163 |$558,327 |$1,116,654 |Subtotal Cash from Operations |$279,163 |$558,327 |$1,116,654 | | | | | | |Additional Cash Received | | | | |Sales Tax, VAT, HST/GST Received |$0 |$0 |$0 | |New Current Borrowing |$0 |$0 |$0 | |New Other Liabilities (interest-free) |$0 |$0 |$0 | |New Long-term Liabilities |$0 |$0 |$0 | |Sales of Other Current Assets |$0 |$0 |$0 | |Sales of Long-term Assets |$0 |$0 |$0 | |New Investment Received |$0 |$0 |$0 | |Subtotal Cash Received |$279,163 |$558,327 |$1,116,654 | | | | | | |Expenditures |2005 |2006 |2007 | | | | | | |Expenditures from Operations | | | | |Cash Spending |$88,200 |$262,000 |$449,600 | |Bill Payments |$244,265 |$430,245 |$599,286 | |Subtotal Spent on Operations |$332,465 |$692,245 |$1,048,886 | | | | | | |Additional Cash Spe nt | | | | |Sales Tax, VAT, HST/GST Paid Out |$0 |$0 |$0 | |Principal Repayment of Current Borrowing |$0 |$0 |$0 | |Other Liabilities Principal Repayment |$0 |$0 |$0 | |Long-term Liabilities Principal Repayment |$0 |$0 |$0 | |Purchase Other Current Assets |$0 |$0 |$0 | |Purchase Long-term Assets |$0 |$0 |$0 |Dividends |$0 |$0 |$0 | |Subtotal Cash Spent |$332,465 |$692,245 |$1,048,886 | | | | | | |Net Cash Flow |($53,301) |($133,918) |$67,767 | |Cash Balance |$677,899 |$543,981 |$611,748 | 8. 6 Projected Balance Sheet Fresin's projected company balance sheet follows. We expect to run at a loss for the first two years, decreasing our net worth slightly. As the operation becomes more profitable in the third year, our net worth rises again. [pic] Pro Forma Balance Sheet | | |2005 |2006 |2007 | |Assets | | | | | | | | | |Current Assets | | | | |Cash |$677,899 |$543,981 |$611,748 | |Other Current Assets |$0 |$0 |$0 | |Total Current Assets |$677,899 |$543,981 |$611,748 | | | | | | |Long-te rm Assets | | | | |Long-term Assets |$0 |$0 |$0 | |Accumulated Depreciation |$0 |$0 |$0 | |Total Long-term Assets |$0 |$0 |$0 | |Total Assets |$677,899 |$543,981 |$611,748 | | | | | | |Liabilities and Capital |2005 |2006 |2007 | | | | | | |Current Liabilities | | | | |Accounts Payable |$29,242 |$35,911 |$50,452 | |Current Borrowing |$0 |$0 |$0 | Other Current Liabilities |$0 |$0 |$0 | |Subtotal Current Liabilities |$29,242 |$35,911 |$50,452 | | | | | | |Long-term Liabilities |$0 |$0 |$0 | |Total Liabilities |$29,242 |$35,911 |$50,452 | | | | | | |Paid-in Capital |$800,000 |$800,000 |$800,000 | |Retained Earnings |($68,800) |($151,343) |($291,930) | |Earnings |($82,543) |($140,587) |$53,226 | |Total Capital |$648,657 |$508,070 |$561,296 | |Total Liabilities and Capital |$677,899 |$543,981 |$611,748 | | | | | | |Net Worth |$648,657 |$508,070 |$561,296 | . 7 Business Ratios The following table outlines some of the more important ratios from the  Fast Food Restaurants and Stands  in dustry. The final column, Industry Profile, details specific ratios based on the industry as it is classified by the Standard Industry Classification (SIC) code 5812. [pic] |Ratio Analysis | | |2005 |2006 |2007 |Industry Profile | |Sales Growth |0. 00% |100. 00% |100. 00% |8. 7% | | | | | | | |Percent of Total Assets | | | | | |Other Current Assets |0. 00% |0. 00% |0. 00% |37. 31% | |Total Current Assets |100. 00% |100. 00% |100. 00% |45. 97% | |Long-term Assets |0. 00% |0. 00% |0. 00% |54. 03% | |Total Assets |100. 00% |100. 0% |100. 00% |100. 00% | | | | | | | |Current Liabilities |4. 31% |6. 60% |8. 25% |17. 94% | |Long-term Liabilities |0. 00% |0. 00% |0. 00% |22. 26% | |Total Liabilities |4. 31% |6. 60% |8. 25% |40. 20% | |Net Worth |95. 69% |93. 40% |91. 75% |59. 0% | | | | | | | |Percent of Sales | | | | | |Sales |100. 00% |100. 00% |100. 00% |100. 00% | |Gross Margin |77. 81% |77. 81% |77. 81% |59. 05% | |Selling, General & Administrative Expenses |107. 37% |102. 99% |73. 0 4% |39. 24% | |Advertising Expenses |0. 00% |0. 00% |0. 00% |1. 96% | |Profit Before Interest and Taxes |-29. 57% |-25. 8% |4. 77% |1. 92% | | | | | | | |Main Ratios | | | | | |Current |23. 18 |15. 15 |12. 13 |1. 04 | |Quick |23. 18 |15. 15 |12. 13 |0. 66 | |Total Debt to Total Assets |4. 31% |6. 60% |8. 25% |50. 2% | |Pre-tax Return on Net Worth |-12. 73% |-27. 67% |9. 48% |6. 90% | |Pre-tax Return on Assets |-12. 18% |-25. 84% |8. 70% |13. 87% | | | | | | | |Additional Ratios |2005 |2006 |2007 | | |Net Profit Margin |-29. 57% |-25. 18% |4. 77% |n. a | |Return on Equity |-12. 73% |-27. 7% |9. 48% |n. a | | | | | | | |Activity Ratios | | | | | |Accounts Payable Turnover |9. 35 |12. 17 |12. 17 |n. a | |Payment Days |27 |27 |26 |n. a | |Total Asset Turnover |0. 41 |1. 03 |1. 83 |n. | | | | | | | |Debt Ratios | | | | | |Debt to Net Worth |0. 05 |0. 07 |0. 09 |n. a | |Current Liab. to Liab. |1. 00 |1. 00 |1. 00 |n. a | | | | | | | |Liquidity Ratios | | | | | |Net Working Capital |$648,6 57 |$508,070 |$561,296 |n. a | |Interest Coverage |0. 00 |0. 00 |0. 00 |n. | | | | | | | |Additional Ratios | | | | | |Assets to Sales |2. 43 |0. 97 |0. 55 |n. a | |Current Debt/Total Assets |4% |7% |8% |n. a | |Acid Test |23. 18 |15. 15 |12. 13 |n. a | |Sales/Net Worth |0. 43 |1. 10 |1. 99 |n. a | |Dividend Payout |0. 00 |0. 00