Business Plan For A Business - 1547 Words

After ten years in the corporate world, I am ready to start my own business. Although I do not have experience in starting a business, I have knowledge in sales, marketing, management, accounting and finance. Owning a franchise business will allow me to gain knowledge by experience and from other franchisors. Attached is four specific franchises I have carefully chose from the nutrition, children s fitness, health and beauty categories that I could successfully operate without having experience in owning a business. There are many fields available in the franchises business. I have chosen Massage Envy, Jamba Juice, GNC, and Gymboree Play and Music as the four best franchise options that I could operate successfully. In addition, this report demonstrates the four franchises and how they are examined according to the nature of the business, the financial requirements, the level of support the company provides, and the locations in which the franchises are available in each of the four franchises. Furthermore, secondary research, and a compare and contrast to each of the franchise s competitors are based on the four criteria is included into the report. Massage Envy Qualities of the Business In the United States, Massage Envy is the largest massage therapy franchise (Crompton, 2014, P.24). Massage Envy started in 2002, and offered massages and facials to their customers. The headquarters of Massage Envy is located in Scottsdale, Arizona and has more than 1,000Show MoreRelatedBusiness Plan For A Business1223 Words   |  5 Pagesyour own business is to prepare a business plan. A business plan is a written document describing your business future. It tells potential investors and customers what your goals are for the company and how you plan to achieve that. You will need to define your business, products and services, operating procedures and the route your company intends to take to achieve the goals that are set forth. This information summarizes the sense of your business in a single document. Business plans are inherentlyRead MoreBusiness Plan For A Business998 Words   |  4 PagesIntroduction Prior to initiating a business, it is necessary for the management and the people involved to make sure that a proper business plan is set out in order to understand the needs of the business. In addition to this, it should also be made sure that the market is properly analysed and all the competitors are studied before taking any step related to the new business. Every business has different needs and is initiated in a different scenario. The business plan under evaluation in this paperRead MoreBusiness Plan For A Business1276 Words   |  6 PagesA business plan is sometimes ignored by some people, but I think it is important to develop a good business plan. I think this should be an interesting topic to discuss about. Yesterday, I receive a phone call from a new client asking for help to build a business plan for his new business. My role in this part as a business consultant is to not blindly do the work for my client but asking them questions to generate information about his i deas, and level of involvement to better help him build hisRead MoreBusiness Plan For A Business840 Words   |  4 Pagesâ€Å"Business plans are statement of a business goals, reason they are attainable and plans on meeting it’ (FoxBuisness, 2013). A business plan maps the course and gives a detail plan on how these goals are achievable. It is also important to establish a solid business plan for funding. Some small business use venture capital, bank loans, personal funds, and private investors as sources of funding. The business plan must therefore, sell investors. A well-written convincing business plan can buy investorsRead MoreAn Business Plan For A Business Essay1394 Words   |  6 Pagescelebration. This business sells games and other entertainment products. This business is commercial, but has a social conscience. It wants to sell to service a need, but also hopes to enrich the lives of those it serves as it addresses a need for meaning, not just connection or celebration. This business produces original IP to compete in the entertainment industry. This business will not produce entertainment that is divisive or for purely solitary consumption. This business might start withRead MoreBusiness Plan For A Business Essay1708 Words   |  7 Pagesbrand-new business, expand an existing company, or get financing for a business venture, you will need to write a business plan. A business plan not only lends your business a sense of credibility, but also helps you to cover all your bases, increasing your chances of success. Although writing a business plan can be a lengthy, intimidating project, it is not necessarily difficult. Here is an overview of how to write a successful business plan. What to Include in Your Business Plan Your businessRead MoreBusiness Plan For A Business1546 Words   |  7 Pagesenterprise, especially a business, usually with considerable initiative or risk†. They are usually characterized as people with greatly valued self-reliance, with high optimism and people who who strive for distinction through excellence. I am interested in starting my own basketball business and becoming an entrepreneur. In order to start a business I need a business plan. From research, I have learned that my business plan needs to have an executive summary, identification of my business, financial recordsRead MoreBusiness Plan For A Business1221 Words   |  5 PagesBusiness plans are documents used for planning out specific details about your business. They can range in size from a simple few sentences to more than 100 pages with formal sections, a table of contents and a title page. According to Entrepreneur Magazine, typical business plans average 15 to 20 pages. Comprehensive business plans ha ve three sections business concept, marketplace and financial and these are broken down into seven components that include the overview or summary of the plan, a descriptionRead MoreBusiness Plan For A Business2550 Words   |  11 PagesActivities 1. Review current menu in terms of business focus 2. Get staff feedback 3. Get customer feedback 4. Point out restaurant goals and business 5. Write menu redesigning proposal 6. Get restaurant owners approval 7. Initiate stake holder support 8. Get stake holders approval and contribution 9. Redesign new menu 10. Trail with restaurant stake holders 11. Modify the trail menu 12. Mass print the modified RESOURCES 1. Restaurant business plan, current menu, current and historical sales reportRead MoreBusiness Plan For A Business1866 Words   |  8 Pages Business Plan Buiness model in theory and practice according to Wikipedia is used for a broad range of informal and forma l descriptions to represent the core aspects of a business, including the purposes of that business, its process, target customers, of ferings, strategies , infrastructure, organizational structures, trading practice, and operational processes and policies . Below, we would look at two kinds of business model (franchise and tradition al business) , their pros and cons, o r their

A Study of the Gilded Age Essay - 2260 Words

A Study of Social and Economic Aspects of the Gilded Age Henry James and Abraham Cahan lived in the turn of the twentieth century, where social and economic corruptions were gilded by the extreme wealth of the few. This period also marked the beginning of a distinction between the European and American culture. Both authors artistically create in their stories the tragedy and drama of Americans in Europe and Europeans in America. James lived comfortably in both America and Europe, and it showed in his work Daisy Miller: A Study in which he creates a fairy tale land full of extravagant hotels, beautiful sceneries, sparkly blue lakes and well dressed people. Cahan was an immigrant living during the time of mass Americanization of†¦show more content†¦James described Veney as for the entertainment of tourists is the business of the place (James 1501) from the beginning James hints the way American foreigners are perceived does not fit with the outer appearances of Veney. It is a place for the entertainment of the tourists but Daisy and her family, who are tourists, but they are not allowed much entertainment, for everything they did, they get criticized for. When Randolp describes his new home in Rome he says its all gold on the wall (James 1520), since James was a writer during the Gilded Age, it was a way to describe the Miller family. On the outside the Miller looked like they would fit into the social circles because they are wealthy and dresses extremely well. However, their wealth gilds the fact that they are dislike by other Americans. Through this James presented the double standard a society has; society looks down upon the poor folks, but the Millers are still looked down upon because of how they earn their wealth, which is one of the reasons Mrs. Costello used to reject Daisy. It implies James own dislike for the European Americans social circle. James displays his aversion and the hypocrisy of the European Americans social circle. He describe s Mrs. Walker as one of those American ladies who while residing abroad make it a point, in their own phase, of studying European society (James 1528), the social circle thought they are doing what was right or courteous byShow MoreRelatedTransformation Of Urban Life During The Gilded Age And The Development Of Suburbs1423 Words   |  6 PagesTopic 3: The Transformation of Urban Life in the Gilded Age and the Development of Suburbs for the American Middle Classes This historical study will define the increased economy prosperity of the Gilded Age and the development of suburban planning in the American middle classes. During the late 19th century, the massive growth of the American economy was dominantly formed in urban industrial centers, yet the wealth generated from the upper and middle classes allowed them to move out into ruralRead MoreAncient Gilding Methods and Their Chemical Structure Essay646 Words   |  3 PagesIntroduction: The article seeks to inform the reader not only about ancient gilding methods, but also about their chemical structures. The article does this by examining gilded artifacts from each gilding methodology and studying the components in the metal. The article also attempts to explain how the chemical structures in the object came about, using technology and analysis. Main points of article: The first paragraph sets out to explain ancient gilding and why it occurred, as well asRead MoreEdith Wharton: Exposing Aristocratic Society Essay1136 Words   |  5 Pagesexperiences have definitely had a huge impact on her writing. Her high social status, the Gilded Age in America, and her love for nature influenced Edith Wharton to write The House of Mirth. Wharton’s noble social background was very influential on her writing. It allowed Wharton to give an insider’s perspective on the wealthy people of New York during this time. Due to her first hand view of society during the Gilded Age, Wharton was able to satirize this society and also reference the tragedies that goRead MoreGilded Age Dbq Essay1643 Words   |  7 PagesThe Gilded Age was the time of rapid economic growth for the United States. The period where little corporations turned into a millionaire company. The time of one of the most dynamic, contentious, and volatile periods in American history happened. National wealth increased dramatically but their was a problem for the poor and the farmers of the U.S. People may say that the Gilded Age was the era of corruption, harsh labor and brutal industrial competition, but others think that the Gilded Age isRead MoreThe Great Impact On Intellectual And Artistic Endeavors And Theses Ideas Essay1262 Words   |  6 Pagesare many important events that occurred during the Gilded Age. This age was birthed at a time following the Civil War, around the Reconstruction Era and it would continue to rise until its last breath before the dawn of the Progressive Era . It is the age that brought us Mark Twain and Huckleberry Fin, yet it is almost a forgotten era as the time periods before and after absorbs all the glory . Even though Mark Twain coined the name, â€Å"the Gilded Age,† it may be easier to remember the Industrial RevolutionRead MoreA Gilded Age : A Gilded Age1055 Words   |  5 Pagesthe time 1870-1900 yes,it was a gilded age. Because the rich lived good without any problems and the truth is deeper in because the poor were getting worser. And thats what gilded was like covered thinly with gold but rusty on the inside. But it was important in society because the political and the showing of wealth were so good but on the other side the poor were really bad. The workers are the ones that had terrible lives. The 20th Century was a Gilded age. For example the worst jobs wereRead MoreFreedom During The Gilded Age922 Words   |  4 PagesFreedom during the Gilded Age The meaning of freedom for black Americans have changed over time, during the Gilded Age Blacks’ definition of freedom was defined as a new â€Å"social order† still driven at the hope of an American society breaking free from the anti-democratic restraints imposed by a corrupt government. This concept of freedom changed when WWII and the 1960’s Conservative Revolution started ,allowing blacks to reap the benefits of social, political and economic prosperities by having theRead MoreWorkers of the Progressive Era1047 Words   |  5 PagesProgressive Era: Working Class Workers during the gilded age were marginalized by their working conditions, low income, and limited working hours. To overcome the marginalization for the working class, they created labor movements and went on strikes. Although the workers had created many strikes and labor unions, they were at the least successful. Workers were marginalized by the poor working conditions they had. A lot of the time the workers feared goingRead MoreHistory Is The Study Of Fast Event931 Words   |  4 Pages History Final Assignment History is the study of fast event or information about fact what people did to make this world beautiful. From this class or especially from my professor Amy Bell I learn that what written in the books are not all fact. Before I used to hate history subject because of date, but after taking history two I started to love to study different history books to know the fact. Especially I read the united states history booksRead MoreExtent to which the Republican Party Liberalized1502 Words   |  6 PagesA. Plan of Investigation The Progressive Era was a time characterized by a multitude of reactions to the inherent problems in American society and politics. The previous age of â€Å"gilded† politics had left the American political system fraught with corruption and inefficiency, and the rise of industrialization made clear the socioeconomic divide between the lower and upper classes. Progressivism became a loosely connected movement of legislation, ideas, and people striving to improve the

Suicide in Counseling - Free Essay Example

Sample details Pages: 5 Words: 1449 Downloads: 1 Date added: 2019/07/01 Category Society Essay Level High school Tags: Suicide Essay Did you like this example? Client suicide is one of the greatest fears of all counselors. Suicide prevention is a difficult and commonly avoided area of counseling. Client confidentiality is of utmost importance, but when a client indicates that he or she may be suicidal, counselors have a duty to report this to family members and authorities. Contrary to common belief, there are several effective suicide treatments for adolescents and adults. Using these techniques, first counselors must help clients out of the actively suicidal state, and then they must help the client develop the skills needed to create and uphold lives worth living (Meyers, 2017). Clients may be asked to sign a No-Suicide contract or a Commitment to Treatment contract. These can be helpful in certain instances, but if the counselor-client relationship is strained or new, clients can feel as though they are being made to sign the contract to shift moral blame away from the therapist in the event of a tragedy, although the contract is in no way legally binding. Suicide is the third leading cause of death among 15 to 24 year-olds (Canady, 2017). Seventy-one percent of psychotherapists report having at least one client who has attempted suicide, and twenty-eight percent of psychotherapists report having had at least one client die by suicide (Firestone, 2018). It is an unfortunately common event that most practitioners will experience in their careers. Don’t waste time! Our writers will create an original "Suicide in Counseling" essay for you Create order For most counselors, an ethical dilemma is apparent when they encounter a confounding situation in which they feel hindered in their decision making because there appears to be conflict between or inconsistency among the ethical standards, the situation is so compounded that the ethical codes offer unhelpful guidance, there appears to be a discrepancy between ethical and legal standards, or there appears to be a conflict between the moral principles that underlie most ethical codes. If the correct route to take in a counselling situation is unclear, the ACAs ethical decision-making model may need to be employed (Forester-Miller Davis, 2018). When making an ethical clinical decision it is essential to consider both personal bias (ACA, 2014, A.4.b) and level of professional competence (ACA, 2014, C.2.a) A 30-year-old client named John decides to speak to a counselor because he has been feeling down. His thirtieth birthday was a month ago, and since then he has been overwhelmed with the feeling that he is not where he expected to be at this point in his life. He married young and has been divorced for five years. He is estranged from his parents and he does not have any siblings. He did not complete college and complains about his unrewarding and tiresome job. He lives alone and struggles to find a healthy balance for his life, saying that he usually only works, comes home, drinks, and watches TV before falling into a restless sleep, repeating the cycle weekly. He mentions that he enjoyed hunting, but he can no longer find the will to do even what he enjoys. He does not explicitly mention thoughts of suicide, but he shows many of the warning signs. He states that he feels as though his current life is pointless and unimportant. John shows signs of isolation and feelings of worthlessness. He has not expressed true a desire to improve his life, only that there may be a problem, putting him in the contemplation stage of change. He has taken the first step of attending counseling, but he does not seem as though he will continue attending counseling long-term. His love of hunting indicates that he has access to firearms. Studies have shown that when there are no firearms in a household, there are fewer suicide deaths. John lives in a rural area, where it has been shown that suicide attempts are more often successful than in urban areas (Westefeld, Gann, Lustgarten, and Yeates, 2016). John also has a high rate of alcohol consumption which is a factor in 50% of suicides (Firestone, 2018). The mind of a suicidal person is working against itself. A part of the client wants to live, while another part is self-destructive. All suicides have elements of both planning and of spontaneity. Therefore, therapists must act quickly and precisely if suicidal thoughts are suspected or stated. There are many thought patterns common in suicidal clients including self-hatred, hopelessness, isolation and pushing away loved ones, feeling like a misfit, and feeling like a burden. There are also many common behaviors like past suicide attempt(s), sleeplessness, anxiety and agitation, rage outbursts and low problem tolerance, risky behavior, alcohol use, sudden positive shift in mood, and any direct talk of suicide related behavior (Firestone, 2018). The stakeholders and main decision-makers in this situation should be a collaborative effort between the client and the counselor. If the counselor is still unsure of what to do or feels that the client is being untruthful or flawed in his ass essment of himself, the counselor can talk with other counselors for a second or third opinion on the plan of action. John should be encouraged to continue counseling. The counselor does not want to hurt Johns already weakened sense of pride by suggesting that he may be suicidal, but neither does she want to avoid a life-threatening possibility. John does not have family who could be alerted or friends nearby. The only people who could offer him support are his co-workers. It would be a breach in confidentiality to alert them, however (Ethical, 2018). The counselor fears that John is not expressing his suicidal thoughts for fear of the consequences laid out in the informed consent agreement. John is in a high risk demographic group because he is male, white, and unmarried, but this is also an extremely high false positive group (Fowler, 2012). If a client is thought to be suicidal, the best course of action is to ask the client directly, difficult as this may be. John should be asked to sign a commitment to treatment agreement. This could encourage him to take the counseling process seriously and could assist in his symptom improvement. John appears to be suffering from depression. He could be referred to a doctor for an antidepressant. He should be encouraged to exercise, eat well, and drink less alcohol; all mood and energy boosters. Exercise could help improve his quality of sleep. If he had family nearby, they might be able to assist in removing the guns from Johns home and providing him with support. John has been asked to put his firearms in a remote location that he does not have immediate access to, but John has denied the request, citing his need for protection in the event of a burglary although he lives in a very safe area of the country. This is also an indicator that he is unreasonably paranoid, a warning sign for suicide. The only other option is to alert authorities, but this could make John turn away from counseling completely and send him deeper into his depression (Westefeld et al., 2016). In the first session with John, a relatively high-risk client, I would assess his current suicide risk. Next I would communicate my intent to understand more about his life and what makes living difficult for him. Lastly, I would ask John if he would be willing to negotiate treatment options and make a plan for managing his well-being, immediate risk removal, and symptom improvement. Suicidal states are often triggered by unbearably painful emotions associated with feeling abandoned, alone, alienated, and disconnected, all of which John is experiencing. In those most vulnerable to suicide, the capacity to think clearly and flexibly collapses, and suicide emerges as a means of escaping unbearable pain. Treatments that focus on restoring the capacity to reflect on strong emotions, and to weather affective storms are emerging as highly effective in reducing the occurrence of suicide-related behaviors. Techniques aimed at improving tolerance for, and improved modulation of, intense affe ct include radical acceptance, mindfulness acceptance, insight-oriented interpretation, and mentalizing, to name a few. In my practice I use all elements to fit the needs of the patients but rely heavily on enhancing the patients curiosity about their emotions because suicidal patients like Esther are nearly phobic of negative emotions. The most accurate predictor of suicide is past suicide attempts (. John has denied ever attempting suicide before. Clients presenting for treatment with active suicidal ideation and intent must be assessed for risk. As a new counselor or counselor in training, I would probably conduct a formal suicide interview. Fowler (2012) says it is best to communicate interest in the clients suffering and to invite them to speak openly about their struggles. Counselors should work to understand the clients reasoning for wanting death and aim to create a sufficient empathic reply to their internal pain in the form of marked mirroring.

Key Engagement Drivers Of The Companies Operating Across Asia

Asian economy is currently emerging from the major financial crisis. Savvy organizations are more focused on long term sustainable business success- to increase productivity and profitability by utilizing human capital efficiently. The most recent innovation to increase company’s profitability is to engage the employees towards their work. Robinson and Hay (2003) mentioned employee engagement as an evolution of past research which focuses on employee satisfaction, motivational approaches and commitment. This is a modernized version of job satisfaction. According to Robert J. Vance (2006), employees who are engaged in their work and committed to their organizations give companies crucial competitive advantage- including higher productivity and lower employee turnover. Now-a-days the companies’ objective is to retain the best talents and manage their performance for increasing company’s productivity and revenue. The aim of my research is to identify the key engagement drivers of the companies operating across Asia. There is no magic formula to engage employees towards the business but a constant and flexible procedure to satisfy and motivate employees for long term business success. The key engagement drivers work as a â€Å"bridge† between the employee and employer. Thus, employees will achieve the opportunity to develop their career, trust their leaders for setting the goals and at the same time company will achieve the business success in long run. The area I selected forShow MoreRelatedFedex Apac Hr Shared Services Center in Wuhan1506 Words   |  7 Pagesrecording or otherwise-without the permission of CEIBS. The CEIBS Case Centre is sponsored by McKinsey Company. FedEx APAC HR Shared Services Center in Wuhan CC-408-006 FedEx APAC HR Shared Services Center in Wuhan â€Å"Congratulations to our HRSC team in Wuhan on this prestigious award and we really appreciate the outstanding shared service model you have created within the company and the positive influence to the entire industry. We are so proud of the team and please keep up the marvelousRead MoreQantas Airline Half Annual Financial Results For 2015 Essay1516 Words   |  7 Pagescarrier and among the most powerful brands in Australian market, being established in Queensland in 1920. The company has been magnificently able to establish a standing for distinction in safety, operational dependability, high end technology and excellent customer services. It operates in local, national and international routes and destinations (QANTAS, 2015). Today, the airlines operates across a network of 175 destinations in 42 countries covering all over the world with approximately 30,000 employeesRead MoreCorporate Strategy of Adidas8206 Words   |  33 PagesProduction is in Europe (27%), Asia (51%) a nd America (22%). Adidas has now switched from its past vertical integration strategy to the outsourcing in production and manufacturing. Most of the products of the company like sports shoes, apparels, accessories and equipment are manufactured in the Asian countries. The reason for outsourcing the manufacturing is the lower cost of raw material and labor in Asian countries. In 1993, Adidas moved its production overseas to Asia in order stay competitive inRead MoreGlobal Strategies and Winning Strategy of First Philippines Holding Corporation2240 Words   |  9 Pagesinfrastructure businesses. First Philippine Holdings are maintaining strong foundations in the Philippines and using it as a basis to build their infrastructure business as one of the world’s leading infrastructure businesses .For become a global company and sustain their market share first Philippines holding use the various global and winning strategy which are Grow in new geographies and market sectors, Del iver greater value to clients, Improve operational performance and cost effectiveness andRead MoreInformation Technology Term Paper6794 Words   |  28 Pagesof Contents Business System Planning (Week 1) Introduction 4 Identify how the following critical success factors will be addressed by case study 5 Governance 5 Business plan alignment 6 Process improvement 6 Resource optimization 6 Operating excellence 7 Identify how the following critical success factors will be addressed by case study 7 Business management issues 7 Strategic and competitive issues 7 Planning and implementation concerns 8 Operational items 8 Identify howRead MoreAlibaba Group : The Biggest E Commerce Company5180 Words   |  21 Pages1. Introduction Alibaba Group is a Cinese E-commerce company which was founded in 1999. In the past 16 years, Alibaba gradually grew into the biggest E-commerce company in the world. According to the report of Alibaba (2015), by 2015 there are 350 million active buyers in Alibaba’ s platform which is 100 million higher than 2014. The gross merchandise volume of Alibaba is 2,444 billion Chinese Yuan. In 2013, the number was only 1,077 Chinese Yuan. It increased almost 250% in 2 years. Alibaba benefitRead MoreSamsung Strategic Management5130 Words   |  21 Pagesphones, personal computers, printers, cameras, home appliances, LTE systems, medical devices, semiconductors and LED solutions. They employ 236,000 people across 79 countries with annual sales exceeding  KRW 201 trillion. Samsung market strategy is to penetrate all segmentation in the world is to build and create something similar to another company product – but it makes it better, faster and at lower cost. What is Enterprise market? In business news- the meaning of Enterprise Market is commercialRead MoreEssay about Anz Offshoring Strategy4554 Words   |  19 PagesANZ | OFFSHORING Background This strategic report of ANZ’s offshoring strategy examines the effectiveness and drivers of ANZ’s decision to move towards outsourcing internationally, analyses the impact of ANZ’s offshore programs on stakeholders, explores key risks and opportunities and evaluates the success of ANZ’s offshore system. A | Strategy Analysis February 2012 saw ANZ confirm job cuts to 492 permanent employees, 100 of these positions to be moved overseas. In early 2013, ANZ againRead MoreTransworld Auto Parts Part A 22705 Aut 20157289 Words   |  30 Pagesthe economy y has weakeened, howev ver, vissibility in 200 09 is more lim mited than ussual. We exp pect the Detro oit Three to ccollectively lo ose sh hare to foreig gn brands in n 2009. Thuss, the greateer a supplier’s exposuree to U.S.-bassed companies, the greater will be b the impactt on its perforrmance, in ou ur view. Still, we believe th hat 1 This case borrows he eavily from an ea arlier case: Robeert Kaplan, â€Å"Dom mestic Auto Partts,† HBS No. 1055-078 (Boston: H Harvard Businesss School PublisshingRead MoreLufthansa Airlines6749 Words   |  27 Pagessince World War II. The aviation group pulled ahead of its competitors and reversed a loss of â‚ ¬744 million in 2001 into an operating profit of â‚ ¬718 million in 2002. In 2003, the war in Iraq and the SARS disease demanded that, more than ever before, Lufthansa draw on its ability to cope with crises. Overcoming change-tiredness and continuous re-energizing were seen as the key management challenges in 2003. Strategic Issues: How to maintain sustainable success and secure its future as the leader

Medical Equipment Inc Free Essays

Medical Equipment INC Q1) No, Grover thought that he has a good understanding for the culture because he was raised in Saudi Arabia, but the reality is he grew in an expatriate compound with limited contact with the Saudi people or the Saudi culture. He went to an Indian school and then went to take his college degree in the USA. His internships gave him the opportunity to work in France and the United States. We will write a custom essay sample on Medical Equipment Inc or any similar topic only for you Order Now The internships prepared him to work in the field but Saudi business concept is foreign to him. Grover did not understand the Saudi culture and missed some critical points while he was trying to get the deal. He knew that relationships are important in making business in Saudi Arabia which is completely true. The problem was he tried to build relations with the wrong persons the foreign cardiologist, the Egyptian biomedical engineer and the purchasing manager, but he could not reach the purchasing director. In a hierarchy community as Saudi Arabia the purchasing director is the most important one to build a relation with he is the one who can give Grover the deal. Grover spent his time building relation with people who can’t help him with the deal. It was obvious for me that Al Humaidi was avoiding meeting with Grover and when he finally met him after approximately one month it was a formal conversion. I lived in Saudi Arabia for 9 years and from my experience Saudi’s only have a say in Saudi Arabia. Foreigners or non Saudi Arabs working there have no say when it comes to business deals. A Saudi will always prefer to work with an Arab like Najjar and not an Indian because of the language and religious similarities this may sound harsh but is true especially in a situation like this where Al Humaidi had established a long relation with Najjar. Q2) Bribe is never justified and it is unethical, unless you are working in a pharmaceutical company or in a medical equipment company. I am a pharmacist who worked in Egypt and lived in Saudi Arabia and from my experience that all the deals in this field need bribes. Bribes are not ethical at all but are a common practice in field of pharmaceutical and medical equipment companies. In Grover’s case it’s within company rules to offer a trip to a business customer to one of the showrooms to view and get more details regarding medical equipments latest software and technology. This can be considered a bride but it’s not as obvious as cash. Cash bribery’s is not allowed, and would be a mistake. The hospital that Al Humaidi works for is a government owned one with a large budget to work with so if Grover offered money this wouldn’t be viewed as an incentive to buy the medical equipment. In Egypt companies give the mangers of the client gifts depending on the field that the company works in and how popular and attractive the actual product being offered is. I remember a famous company that produces the devices that measures blood sugar level, in a way to promote its devices the company offered the product free to the physicians and the pharmacies with the strips needed so the physician can use it himself on patients or give it as a gift or use it in his clinic and the pharmacy of course will use it to measure the blood sugar level for the customer. The company will get double benefit, the physician and the pharmacy will advertise the product to the patient by using this device and the patient will be advised to buy one. Q3) Grover has limited options that may be acceptable. There are 4 options I see as possible the first one is to continue in his way of conducting business. Grover’s current plan of action is morally and ethically safe, will not break any rules of the company or of his conscious but he may lose the deal. The second option is to proceed with the trip offer which will give him a chance to win the deal and in the same time he can document it as a business expense so it will not look as a bribe. As a show of commitment Grover should accompany Al Humaidi to the trip to help build a long lasting relationship. By going on the trip with Al Humaidi he can try to secure the current sale and also build for the future by assuring Al Humaidi that Medical Equipment INC. will be ready to work with him and be there for support and logistical backup and no also provide the best, outstanding technology for a reasonable price. The third option is to create a plan B and try to secure a sale regardless of the size, just to try and get in good favor with Al Humaidi with a potential of future business. It seems that even with careful analysis and generating a sales plan that offered all the best equipment according to the hospitals needs; this was still not adequate to secure the sale. From what Grover knows now he can create a plan B and modify the list of equipment that is offered and tailor it to the needs of the engineering and cardiology department only. The ECG machine that is being offered is far superior to that of the equivalent product that Wilson’s is offering. Knowing this and already having established a positive relationship with Dr. Saxman, Grover can push the two products that appeal more to the hospital. If the desired sale of $725,000USD worth of equipment is out of reach, then Grover could go forward with plan B and put an emphasis on the two ranges of products that Medical Equipment INC. has the edge over. While implementing this plan Grover already knows he is in good place with the cardiology department and engineering department so he could meet again with the purchasing manager Sultan and persuade him to schedule a meeting between the cardiology, engineering department, Sultan and Al Humaidi to discuss the new plan. This way not only would Grover have the support of the department but he would have a Saudi in Sultan to help push this new idea. Al Humaidi will be still able to take the two devices from Grover and take the other devices the hospital needs from Najjar. In the case it was mentioned that the low or high estimation of the order is wrong and will result in losing the deal but in Grover case he make the right evaluation of the need of the hospital but he will provide just 2 devices of these needs and this is acceptable, during my work in a governmental institution that need medical devices I saw a lot of deals involve buying the needs of the institution from 2 and 3 different companies depend on the price and the quality of the devices each company offers. So it is not weird or strange to just provide part of the needs even when you can provide it all it depends on the situation of the deal. The One option that would cause him to lose the deal is to offer cash to Al Humaidi. For one Grover would not be able record the cash gift and it would be highly against company ethic code. If an unethical cash type bride was offered, Grover would not be able to predict the reaction of Al Humaidi and the deal could be lost and Grover could risk his job or worse be deported from the country. Q4) I think the best option is to go with the trip option. In my field of work in pharmacy I saw these trips happen a lot and it is a common practice in the pharmaceutical and medical equipment companies. It’s an acceptable way to close the deals and gives the seller a higher percentage of closing the deal. So I think this trip will give him a great opportunity to win this deal especially if he went with the director in it and build a good relation with him and at the same time Grover won’t risk his position in the company because it is not considered a bribe or unethical for the medical equipment’s company. If the trip did not secure the deal he can always use plan B which will be easier to use after the trip because of the good relation he built with Al Humaidi. How to cite Medical Equipment Inc, Papers

Land Law Torrens System

Question: Discuss about the Report for Land Law of Torrens System. Answer: Part A. 1. In order to differentiate the Old system of title and the Torrens system of title, one needs to go to the origins. Initially there were no provisions land transaction recordings in NSW colony. Particulars of sale used to be written on the back of the ownership and land grant used to change without evidence of document. In 1802, the first recorded registrations forming the first book of the Old Register took place when a register was provided by the Judge Advocate and parties got invited to place their dealings on record (Lpi, 2016). On 16 November 1825, the first Registration of Deeds Act became operational which launched a special form of memorial and the canon that any Deed or instrument executed in good faith and for valuable consideration should be prioritised according to date of registration and not of execution. Hence the Vendors Index got introduced. The Old Systems Records comprises of the following registers: Grant Registers: They were initially grouped in number of series like as Land Purchases, Special Grants, Town Purchases etc.( 1792 to 31.12.1862) The Old Register: They comprised 9 volumes in date wise order and 1 index. It held many entries not related to land transactions. Vendors Index : All registrations operative index is vendors index in the General and entries are made under the names of all people creating an interest. Purchasers Index : Individuals acquiring interest in land is purchasers index, collected from entries recorded in the Vendors Index. Miscellaneous Register: It contains different types of transactions. They contain Powers of Attorney, Appointments of Receivers and Changes of Name. Index to Instruments Evidencing Change of Name (1875 to 1967) Guidelines for preparing dealings and Old System instruments in order to registration in the General Register of Deeds must be followed when producing: Real Property Act instruments and dealings. Old System registration copies instruments and deeds registration copies (Burke and Mead, 2013) Old System instruments and deeds originals where LPI is to prepare the registration copy Robert Richard Torrens designed the Torrens title system was introduced to NSW with the start of the Real Property Act on 1st January 1863.It was a system on the method of insuring shipping. A single register was used for each land property and recorded details that affects land such as easements, caveats, mortgages etc. The Torrens Title or Real Property Register is divided as: Old form bound Register (1863 to 1961) Vol 1 to 8497 New form loose leaf Register(1961-) Integrated Titling System/Automated Land Titles System (31.10.1983 to 14/5/1999) (O'Connor, 2003). Torrens Title Purchasers Index (Lpi, 2015) 2. When 2 or more people get interested in lands with the help of transfer, application, mortgage, lease, or charge that, that transaction must mention if the people are to be held as tenants in common or joint tenants. In case of joint tenancy, interest of dead joint tenant passes to the surviving joint tenant(s). In case of Tenants in Common, they do not possess interest in land and on death of either of them, on the basis of terms of their will, their interest passes. To create joint tenancy there should be: Time unity: Joint owners require getting their interest at same time in the property (aussielegal, 2012). Title unity: In the same transaction joint owners are required to receive their interest. Interest unity: Joint owners required to have similar interests in extent, nature and duration. Possession of unity: Equal right to possession is possessed by each joint owner of every part and to whole property, but no exclusive possession of any part. Tenancy in Common does not have unity of interest, which is that unequal shares can be held by them. Hence shares of Tenants in Common must always be shown (Kai-xiang, et al., 2010). Practically the main difference between Joint tenancy and Tenancy in Common is about survivorship rights. In case of joint tenancy, survivorship rights exist. The right of survivorship happens where only the tenant (s) who is alive will continue to keep legal claim over the property. However, when property is held as Tenants in Common, will of the deceased person acts as the determinant as to who will possess the property. Hence the property of the dead person will be only distributed to those mentioned/ nominated by the deceased. 3: The Native Title Act 1993 was passed by the Australian Government in order to provide recognition to national system and protection of the native title and for its co- existence with the land management system of the nation (Austlii, 2014). It commenced functioning on January 1st, 1994. The legislation strived to make concise form of the Mabo decision and strategies execution in order to enhance the process of recognition of the native title. The National Native Title Tribunal was established by the act for registering, hearing and determining native title claims. Native titles exist under the Act when the following requirements are fulfilled: The interests and rights are followed according to traditional customs and laws and they are continuously observed and acknowledged by native Australians (Sutton, 2006). Due to adherence of those customs and laws, the relevant native Australians have link with waters or land. The indigenous title interests and rights are recognised by the Australian common law. Native title to a specific land can be extinguished if the tribe or group who possesses native title loses association with the land. It means that since the Crown first declared sovereignty- in regards of New South Wales, 1788, connection necessarily have been retained. In order to claim native title to land, one has to show descendancy from Aborigines whose land it was in 1788 and that they have maintained connection over generations. Part B Tenancy laws in New South Wales are majorly governed by Boarding Houses Act, 2012 and Residential Tenancies Act, 2010 (Tenantsunion, 2012). In the present case, Andrew got lease of a premise located in an arcade in Rowville Flats, a town in NSW. His intention was to carry out business in the said premise since it faced the streets and it would attract potential clients His main profession was that of a physiotherapist and exercise instructor. He had taken lease for 5 years from April 1, 2015. Kathy was the landlady of the arcade. Now, certain repairs and alterations were meted to the arcade in August 2015, which had a detrimental impact on Andrews business. Since 3 weeks scaffoldings were erected in front of the arcade. The front entrance the mall was blocked by it and only allowed entre through IXL supermarket located at the back of the mall. The scaffolding blocked the windows to Andrews premises and also the sign advertising his physiotherapy practise. The noises created by drilli ng and hammering emitted sounds which made his practice very difficult. Hence his efforts remained futile since he could not prosper in his endeavour. He complained this fact to Kathy regarding the structural changes which resulted in jeopardizing his business (Fitzpatrick et al., 2014). Kathy in turn scoffed him for being oversensitive and reassured him that the repairs would not ensue for a long period. Andrews demands from Kathy included carpet replacement in his premises which was ragged, substitution of a light that got damaged by a ball that occurred in his exercise class, replacement of damaged tiles and repair of a trickling tap in the bathroom integrated in the property leased to him. Kathys contention was that all the repairs were to be borne by Andrew alone. She asserted that it was Andrews responsibility to ensure that the leased premises were re- painted so that the overall look of the arcade did not diminish. The expenses were too great and burdensome for Andrew to carry, due to which he took the decision to give up the business. He decided to re- lease the said premises to a lady named Courtney. She was willing in continuing the exercise classes and selling of the exercise equipments and health products to people, that was present in the leased premises. However, Kathy denied property for assigning the lease to Courtney, the reason being she was unwilling of the present of another retail shop in the mall. According to the lease agreement entered upon between Andrew and Kathy, Andrew was prohibited from assigning whole or part of his interest under the agreement without prior written permission of Kathy. Now, when we delve into the legal issues involved in this case, we have to remember that New South Wales tenancy rules rest upon Boarding Houses Act, 2012 and Residential Tenancies Act, 2010 (Tenants, 2011). It is known that a lease agreement was entered between Andrew and Kathy. However none of the acts acknowledge premises leased for purposes related to trade, profession, business or agriculture. Since Andrew had leased the premises with intent to carry on his business of physiotherapy and exercise classes, he is not entitled to rights enjoyed by a tenant given by both the acts. If he was using the premises let to him for residential purposes, he would be entitled to damages for loss occurred to the premises by the landlord. If the landlord refused, he could have applied to the New South Wales Civil and Administrative Tribunal for damages (Ncat, 2014). He could have proved that the damages caused to the premises were result of external elements and he had taken reasonable care of t he said premises. He could have received compensation up to $ 15000 from the Tribunal. However legally he is debarred from claiming any compensation from Kathy since he is not covered under the ambit of either of the tenancy laws. Kathy can say that, since his purpose of lease is not a recognised one under the tenancy laws, she is not obliged to compensate him. He has to make alternate arrangements in terms of funds for repair. In short, he has no option but to bear the cost of repair on his own since the tenancy laws do not support his kind of lease purpose. He is also prohibited from subletting or assigning the lease to any other person (Sherry, 2009). Neither has he been approved by the tenancy laws to be a valid lessee nor does even the lessor refuse to agree on subletting the premises. He has to comply by the rules laid down in the agreement or else Kathy has the right to approach the Tribunal for a restraint order. This may result in eviction of Andrew from the premises and he might be compelled by the Tribunal to pay damages to Kathy for the attempt. Neither can he stop payment of rent which will automatically make him eligible for eviction (Tenants, 2014). He is liable to keep the premises in good shape and ensure repair and maintenance out of his own pocket. Kathy, on the other hand is in an advantageous position. She is entitled to get rent on time, be it monthly, bi-monthly, quarterly or yearly. Any failure on part of Andrew, will entitle Kathy to sue him. Moreover, she is not obliged by law to compensate him for damages incurred due to any reasons. It is completely dependent on her free will. She is free to evict him from the premises on any ground and he is not eligible to retaliate in a legal manner. The entire lease is based on a mutual consideration. The tenancy laws of NSW do not encompass his purpose of tenancy. He is morally liable to bear all encumbrances and ensure that the work done by him is legally valid. He has to ensure that the premi ses are kept safe from external dangers and damages and in case something happens, to ensure that damages are repaired to the best possible extent (Easthope, et al., 2009). He is not eligible to sublet the premises to any third party without Kathys consent. She is free to revoke the tenancy on violation of this ground. Reference : aussielegal. (2012). CO-OWNERSHIP. [online] Available at: https://www.aussielegal.com.au/articles/724/NSW/Property_Law/Co-Ownership:__Tenants_in_Common__Joint_Tenants [Accessed 25 Aug. 2016]. Austlii.edu.au. (2014). NATIVE TITLE ACT 1993. [online] Available at: https://www.austlii.edu.au/au/legis/cth/consol_act/nta1993147/ [Accessed 25 Aug. 2016]. Burke, and Mead, (2013). Old System Title | Burke Mead Lawyers. [online] Burke Mead Lawyers. Available at: https://www.burkemeadlawyers.com.au/commercial-law/old-system-title/ [Accessed 25 Aug. 2016]. Easthope, H., Randolph, B. and Judd, M.S., 2009. Managing major repairs in residential strata developments in New South Wales. City Futures Research Centre, Sydney. Fitzpatrick, S. and Pawson, H., 2014. Ending security of tenure for social renters: Transitioning to ambulance servicesocial housing?. Housing Studies, 29(5), pp.597-615. Kai-xiang, L.I.U., 2010. Significance and Concept of Statutory Tenancy to The Reform of Homestead System [J]. In Legal Forum (Vol. 1, p. 005). Lpi.nsw.gov.au. (2015). Torrens title register - Land and Property Information. [online] Available at: https://www.lpi.nsw.gov.au/land_titles/public_registers/torrens_title_register [Accessed 25 Aug. 2016]. Lpi.nsw.gov.au. (2016). Old system - Land and Property Information. [online] Available at: https://www.lpi.nsw.gov.au/land_titles/land_ownership/old_system [Accessed 25 Aug. 2016]. Ncat.nsw.gov.au. (2014). NCAT Home - NSW Civil and Administrative Tribunal. [online] Available at: https://www.ncat.nsw.gov.au/ [Accessed 25 Aug. 2016]. O'Connor, P. (2003). Double Indemnity - Title Insurance the Torrens System. QUT Law Review, 3(1). Sherry, C., 2009. The New South Wales strata and community titles acts: A case study of legislatively created high rise and master planned communities. International Journal of Law in the Built Environment, 1(2), pp.130-142. Sutton, P. (2006). Native title in Australia. 4th ed. Cambridge: Cambridge University Press. Tenants.org.au. (2011). Factsheet 01: Residential Tenancies Act - Tenants NSW. [online] Available at: https://www.tenants.org.au/factsheet-01-residential-tenancies-act [Accessed 25 Aug. 2016]. Tenants.org.au. (2014). Tenants Rights Factsheets - Tenants NSW. [online] Available at: https://www.tenants.org.au/tenants-rights-factsheets [Accessed 25 Aug. 2016]. Tenantsunion.org.au. (2012). Residential Tenancies Act 2010: report. [online] Available at: https://www.tenantsunion.org.au/residential-tenancies-act-report [Accessed 25 Aug. 2016].

The Economic Systems Attempt to Allocate Resources

Question: ExplainThe economic systems attempt to allocate resources. Answer: The decisions regarding the allocation of the resources are very important as it is the world of scarcity. The economic system helps to solve the problem which is related to the allocation of resources. The central government determines what is produced, how it is produced and for whom it is produced. As per the economists, what is produced criterion is determined by the final buyer of the commodities and services (Economic Systems for Resource Allocation 2016). The centrally planned model also referred to as the command economy is characterized by leading government sector which is coupled by with the general ownership of resources. The place of the price mechanism is taken by the central planning authority which in turn helps in the allocation of the resources. The values of the command economy are shown below with the help of the graph. Image 1 The impact of monetary and fiscal policy on the business organization Expansionary Fiscal Policy When laws are passed by the legislative in order to rise the spending of the government or to lower the taxes, it termed as the expansionary fiscal policy. This fiscal policy helps to relieve the economy from recession. When the individuals have to pay less tax, the government will increase consumerism in order to help the business. The increase in the spending of the government leads to the enlargement of the growth rate of the nation. As a result, the business organizations add to increased cost savings (Manuel, 2016). Contracting fiscal policy This fiscal policy increases the tax rate and as a result, the individuals will have less money to invest. This in turn reduces the spending of the government and the sales of the Bank of England declines as a result of unemployment. Increase in the monetary policy The expansionary monetary policy helps the economy to boost with the help of low rate of interest as well as larger supply of money. With the increase in the supply of money, the government builds up more money without any increase in taxes. This in turn helps the Bank of England to get loan at a cheaper rate. Diminishing monetary policy The diminishing of the monetary policy is mainly done to put off the economic fizz. With this policy both the government and the Bank of England will suffer (Forsythe, 2012). The impact of the competition policy The competition policy is central to the regulatory mechanisms as its objectives and the analysis forms a point of reference in order to assess the quality of its financial and social regulations. The competition policy is contradicted by the regulation. The Bank of England has been a perpetual victim due to the regulatory capture of the banking industry. The departments for business and the innovation and skills have undertaken the regulation of the firms as well as the promotion of the competition in the UK (Wise 2016). Market structure determining the pricing and the output decision The places where the buyers and the sellers contact each other and exchange the commodities and services takes place are known as the market. One of the characteristics of the market is the structure of the market. The different type of market structure includes perfect competition, monopoly and oligopoly. Under the perfect competition market structure there are various sellers of the commodities. As a result, the price and the output decision of the business depend on the demand of the commodities. The output decisions are mainly taken by the firms and the pricing decisions are taken by the buyers in the market (Baldwin and Scott 2013). In the monopoly market structure, the pricing decisions are taken by the firms and customers will have no other choice other than buying the products as they will have no other options. The output decision is also taken by the firm under this market structure in a business. Under the oligopoly market structure, the pricing decisions are determined by the sellers since there are many sellers in the market. The prices will be charged in such a manner that the buyers get attracted towards the products sold by them (Chand 2016). References Baldwin, W. and Scott, J., 2013.Market structure and technological change(Vol. 18). Taylor Francis. Chand, S. (2016).Price determination under oligopoly market. Smriti Chand. Economic Systems for Resource Allocation. (2016). pp.31-35. Forsythe, A. (2012).Fiscal Policy. Aaron Forsythe. Manuel, N. (2016).The Implications of Fiscal Policy and Monetary Policy to Business. Nicole Manuel. Wise, M. (2016).THE ROLE OF COMPETITION POLICY IN REGULATORY REFORM. Italy: Michael Wise, pp.4-6.