Icici Bank Report

ICICI BANK ABOUT ICICI BANK: ICICI Bank is India's second-largest bank with total assets of Rs. 4,736. 47 billion (US$ 93 billion) at March 31, 2012 and profit after tax Rs. 64. 65 billion (US$ 1,271 million) for the year ended March 31, 2012. The Bank has a network of 2,766 branches and 9,363 ATMs in India, and has a presence in 19 countries, including India.ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management. ICICI Bank started as a wholly owned subsidiary of ICICI Limited, an Indian financial institution, in 1994. Four years later, when the company offered ICICI Bank's shares to the public, ICICI's shareholding was reduced to 46%.In the year 2000, ICICI Bank offered made an equity offering in the form of ADRs on the New York Stock Exchange (NYSE), thereby becoming the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the NYSE. In the next year, it acquired the Bank of Madura Limited in an all-stock amalgamation. Later in the year and the next fiscal year, the bank made secondary market sales to institutional investors.With a change in the corporate structure and the budding competition in the Indian Banking industry, the management of both ICICI and ICICI Bank were of the opinion that a merger between the two entities would prove to be an essential step. It was in 2001 that the Boards of Directors of ICICI and ICICI Bank sanctioned the amalgamation of ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank.In the following year, the merger was approved by its shareholders, the High Court of Gujarat at Ahmedabad as well as the High Court of Judicature at Mumbai and the Reserve Bank of India. ICICI Bank has its equity shares listed in India on Bombay Stock Exchange and the National Stock Exchange of India Limited. Overseas, its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE). As of December 31, 2008, ICICI is India's second-largest bank, boasting an asset value of Rs. 3,744. 10 billion and profit after tax Rs. 30. 14 billion, for the nine months, that ended on December 31, 2008. BRANCHESOFATMS:ICICI Bank has a wide network both in Indian and abroad. In India alone, the bank has 1,420 branches and about 4,644 ATMs. Talking about foreign countries, ICICI Bank has made its presence felt in 18 countries – United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar and Dubai International Finance Centre and representative offices in United Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. The Bank proudly holds its subsidiaries in the United Kingdom, Russia and Canada out of which, the UK subsidiary has established branches in Belgium and Germany. Products Personal Banking * Deposits * Loans Cards * Investments * Insurance * Demat Services * Wealth Management NRI Banking * Money Transfer * Bank Accounts * Investments * Property Solutions * Insurance * Loans Business Banking * Corporate Net Banking * Cash Management * Trade Services * FXOnline * SME Services * Online Taxes * Custodial Services Board Members * Mr. K. V. Kamath,- Chairman * Mr. Sridar Iyengar * Dr. Swati Piramal * Mr. Homi R. Khusrokhan * Mr. Arvind Kumar * Mr. M. S. Ramachandran Dr. Tushaar Shah Mr. V. Sridar Ms. Chanda Kochhar, Managing Director & CEO Mr. N. S. Kannan, Executive Director & CFO Mr. K. Ramkumar, Executive Director Mr. Rajiv Sabharwal,Executive Director Head Office ICICI Bank 9th Floor, South Towers ICICI Towers Bandra Kurla Complex Bandra (E) Mumbai Phone: 91-022-653 7914 Website: www. icicibank. com SWOT ANALYSIS: Strengths of ICICI Bank * ICICI is the second largest bank in ter ms of total assets and market share * Total assets of ICICI is Rs. 4062. 34 Billion and recorded a maximum profit after tax of Rs. 51. 51 billion and located in 19 countries * One of the major strength of ICICI bank according to financial analysts is its strong and transparent balance sheet * ICICI bank has first mover advantage in many of the banking and financial services.ICICI bank is the first bank in India to introduce complete mobile banking solutions and   jewelry card * The bank has PAN India presence of around 2,567 branches and 8003 ATM’s * ICICI bank is the first bank in India to attach life style benefits to banking services for exclusive purchases and tie-ups with best brands in the industry such as Nakshatra, Asmi, D’damas etc * ICICI bank has the longest working hours and additional services offering at ATM’s which attracts customers * Marketing and advertising strategies of ICICI have good reach compared to other banks in India Weaknesses of  ICICI Bank Customer support of ICICI section is not performing well in terms of resolving complaints * There are lot of consumer complaints filed against ICICI * The ICICI bank has the most stringent policies in terms of recovering the debts and loans, and credit payments. They employ third party agency to handle recovery management * There are also complaints of customer assault and abuse while recovering and the credit payment reminders are sent even before the deadlines which annoys the customers * The bank service charges are comparatively higher The employees of ICICI are bank in maximum stress because of the aggressive policies of the management to win ahead in the race. This may result in less productivity in future years Opportunities of  ICICI Bank * Banking sector is expected to grow at a rate of 17% in the next three years * The concept of saving in banks and investing in financial products is increasing in rural areas as more than 62% percentage of India’s popu lation is still in rural areas. As per 2010 data in TOI, the total number b-schools in India are more than 1500. This can ensure regular supply of trained human power in financial products and banking services * Within next four years ICICI bank is planning to open 1500 new branches * Small and non performing banks can be acquired by ICICI because of its financial strength * ICICI bank is expected to have 20% credit growth in the coming years. * ICICI bank has the minimum amount of non performing assets Threats of  ICICI Bank RBI allowed foreign banks to invest up to 74% in Indian banking * Government sector banks are in urge of modernizing the capacities to ensure the customers switching to new age banks are minimized * HDFC is the major competitor for ICICI, and other upcoming banks like AXIS, HSBC impose a major threat * In rural areas the micro financing groups hold a major share * Though customer acquisition is high on one side, the unsatisfied customers are increasing and ma ke them to switch to other banks. PORTER’S FIVE FORCE ANALYSIS: Bargaining Power of Suppliers: * Inputs have little impact on costs When inputs are not a big component of costs, suppliers of those inputs have less bargaining power. Low cost inputs positively affect  ICICI Bank. Bargaining Power of Customers * Large number of customers * When there are large numbers of customers, no one customer tends to have bargaining leverage. Limited bargaining leverage helps  ICICI Bank. Intensity of Existing Rivalry * Low storage costs (ICICI Bank) * Government limits competition (ICICI Bank) * Large industry size (ICICI Bank) Threat of Substitutes New Aspirants in Banking sector like AV Birla, Tata Group,  IFCI etc. Threat of New Competitors * Strong distribution network required (ICICI Bank) * High capital requirements (ICICI Bank) * High sunk costs limit competition (ICICI Bank) * Industry requires economies of scale (ICICI Bank) * Geographic factors limit competition (ICICI Ba nk) * High learning curve (ICICI Bank) SUBSIDIARIES COMPANIES: At March 31, 2012, ICICI Bank had 17 subsidiaries as listed in the following table: DOMESTIC SUBSIDIARIES * ICICI Securities Primary Dealership Limited * ICICI Prudential Asset Management Company Limited ICICI Prudential Trust Limited * ICICI securities Ltd. * ICICI Venture Funds Management Company Limited * ICICI Prudential Life Insurance Company Limited * ICICI Prudential Pension Funds Management Company Limited * ICICI Lombard General Insurance Company Limited * ICICI Home Finance Company Limited * ICICI Investment Management Company Limited * ICICI Trusteeship Service Limited INTERNATIONAL SUBSIDIARIES: * ICICI Bank UK PLC * ICICI Securities Inc. * ICICI International Ltd. * ICICI Bank Eurasis Ltd. Liability Company. * ICICI Securities Holdings, Inc * ICICI Bank Canada FINANCIAL HIGHLIGHTS:As required by United States securities regulations, ICICI Bank Limited (NYSE: IBN) filed its annual report in Form 20-F for the year ended March 31, 2012 (FY2012) on July 31, 2012. The Form 20-F annual report includes the Bank’s consolidated financial statements under Indian GAAP and a reconciliation of consolidated profit after tax and net worth under Indian GAAP to net income and stockholders’ equity under US GAAP, approved by the Audit Committee of the Board. The consolidated profit after tax for FY2012 under Indian GAAP was Rs. 7,643 crore (US$ 1,502 million) and the net income under US GAAP was Rs. ,998 crore (US$ 1,375 million). Stockholders’ equity as per US GAAP was ` 63,872 crore (US$ 12. 55 billion) at March 31, 2012 compared to the consolidated net worth as per Indian GAAP of ` 61,277 crore (US$ 12. 04 billion) ICICI BANK Key Financial Ratios of ICICI Bank Mar’12 | Mar’11| Mar '10| Mar '09| Mar '08| investment Valuation Ratios| | | | | Face Value| 10. 00| 10. 00| 10. 00| 10. 00| 10. 00| Dividend Per Share| 16. 50| 14. 00| 12. 00| 11. 00| 11. 00| Operating Profit Per Share (Rs)| 76. 15| 64. 08| 49. 80| 48. 58| 51. 29| Net Operating Profit Per Share (Rs)| 346. 19| 281. 04| 293. 74| 343. 9| 354. 71| Free Reserves Per Share (Rs)| 376. 49| 358. 12| 356. 94| 351. 04| 346. 21| Bonus in Equity Capital| –| –| –| –| –| Profitability Ratios| | | | | Interest Spread| 4. 44| 4. 01| 5. 66| 3. 66| 3. 51| Adjusted Cash Margin(%)| 17. 45| 17. 52| 13. 64| 11. 45| 11. 81| Net Profit Margin| 16. 14| 15. 91| 12. 17| 9. 74| 10. 51| Return on Long Term Fund(%)| 52. 09| 42. 97| 44. 72| 56. 72| 62. 34| Return on Net Worth(%)| 10. 70| 9. 35| 7. 79| 7. 58| 8. 94| Adjusted Return on Net Worth(%)| 10. 70| 9. 27| 7. 53| 7. 55| 8. 80| Return on Assets Excluding Revaluations| 524. 01| 478. 31| 463. 01| 444. 94| 417. 4| Return on Assets Including Revaluations| 524. 01| 478. 31| 463. 01| 444. 94| 417. 64| Management Efficiency Ratios| | | | | Interest Income / Total Funds| 9. 07| 8. 41| 8. 82| 9. 82| 10. 60| Net Interest Income / Total Fun ds| 3. 89| 4. 01| 4. 08| 3. 99| 4. 29| Non Interest Income / Total Funds| 0. 03| –| 0. 08| 0. 08| 0. 02| Interest Expended / Total Funds| 5. 18| 4. 41| 4. 74| 5. 83| 6. 31| Operating Expense / Total Funds| 1. 89| 2. 09| 2. 59| 2. 60| 2. 76| Profit Before Provisions / Total Funds| 1. 91| 1. 77| 1. 41| 1. 30| 1. 40| Net Profit / Total Funds| 1. 47| 1. 34| 1. 08| 0. 96| 1. 12| Loans Turnover| 0. 8| 0. 17| 0. 17| 0. 18| 0. 20| Total Income / Capital Employed(%)| 9. 10| 8. 41| 8. 90| 9. 90| 10. 62| Interest Expended / Capital Employed(%)| 5. 18| 4. 41| 4. 74| 5. 83| 6. 31| Total Assets Turnover Ratios| 0. 09| 0. 08| 0. 09| 0. 10| 0. 11| Asset Turnover Ratio| 0. 09| 3. 55| 4. 60| 5. 14| 5. 61| Profit And Loss Account Ratios| | | | | Interest Expended / Interest Earned| 68. 00| 65. 29| 68. 44| 73. 09| 76. 28| Other Income / Total Income| 0. 37| 0. 02| 0. 92| 0. 86| 0. 17| Operating Expense / Total Income| 20. 77| 24. 81| 29. 05| 26. 22| 26. 00| Selling Distribution Cost Composition| 0. 73| 0. 94| 0. 72| 1. 4| 4. 43| Balance Sheet Ratios| | | | | Capital Adequacy Ratio| 18. 52| 19. 54| 19. 41| 15. 53| 13. 97| Advances / Loans Funds(%)| 65. 30| 64. 96| 58. 57| 69. 86| 72. 67| Debt Coverage Ratios| | | | | Credit Deposit Ratio| 92. 23| 87. 81| 90. 04| 91. 44| 84. 99| Investment Deposit Ratio| 61. 16| 59. 77| 53. 28| 46. 35| 42. 68| Cash Deposit Ratio| 8. 60| 11. 32| 10. 72| 10. 14| 10. 12| Total Debt to Owners Fund| 4. 23| 4. 10| 3. 91| 4. 42| 5. 27| Financial Charges Coverage Ratio| 0. 39| 0. 44| 0. 33| 0. 25| 1. 25| Financial Charges Coverage Ratio Post Tax| 1. 31| 1. 34| 1. 26| 1. 20| 1. 20| Leverage Ratios| | | | |Current Ratio| 0. 13| 0. 11| 0. 14| 0. 13| 0. 11| Quick Ratio| 16. 71| 15. 86| 14. 70| 5. 94| 6. 42| Cash Flow Indicator Ratios| | | | | Dividend Payout Ratio Net Profit| 32. 82| 35. 23| 37. 31| 36. 60| 33. 12| Dividend Payout Ratio Cash Profit| 30. 36| 31. 76| 32. 33| 31. 00| 29. 08| Earning Retention Ratio| 67. 19| 64. 49| 61. 40| 63. 23| 66. 35| Cash Earning Retention Ratio| 69. 65| 68. 01| 66. 70| 68. 87| 70. 51| AdjustedCash Flow Times| 36. 54| 39. 77| 44. 79| 49. 41| 52. 34| | | | Mar '12| Mar '11| Mar '10| Mar '09| Mar '08| | | | | | | Earnings Per Share| 56. 09| 44. 73| 36. 10| 33. 76| 37. 7| | | | | | Book Value| 524. 01| 478. 31| 463. 01| 444. 94| 417. 64| | | | | | Source:Moneycontrol. com ANALYSIS AND INTERPRETATION: CURRENT RATIO: STUDY OF PROFIT AND LOSS ACCOUNT: Meaning: It is a financial statement, which shows net profit & loss of a company for a specified period. The accounting year means calendar year 12 months or less or more then 12 months. Parts of the Profit and Loss Account The Profit & Loss Account aims to monitor profit. It has three parts. 1) The Trading Account. This records the money in (revenue) and out (costs) of the business as a result of the business †trading† ie buying and selling.This might be buying raw materials and selling finished goods; it might be buying goods wholesale and selling them retail. The figure at the end of this section is the Gross Profit . 2) The Profit and Loss Account. This starts with the Gross Profit and adds to it any further costs and revenues, including overheads. These further costs and revenues are from any other activities not directly related to trading. An example is income received from investments. 3) The Appropriation Account. This shows how the profit is â€Å"appropriated† or divided between the three uses mentioned above. HORIZONTAL ANALYSIS:When an analyst compares financial information for two or more years for a single company, the process is referred to as horizontal analysis, since the analyst is reading across the page to compare any single line item, such assales revenues. In addition to comparing dollar amounts, the analyst computes percentage changes from year to year for all financial statement balances, such as cash and inventory. Alternatively, in comparing financial statements for a number of years, t he analyst may prefer to use a variation of horizontal analysis called trend analysis. VERTICAL ANALYSIS:When using vertical analysis, the analyst calculates each item on a single financial statement as a percentage of a total. The term vertical analysis applies because each year's figures are listed vertically on a financial statement. The total used by the analyst on the income statement is net sales revenue, while on the balance sheet it is total assets. This approach to financial statement analysis, also known as component percentages, produces common-size financial statements. Price/sale ratio: About Price to Sales Ratio(P/S) The price to sales ratio (PS ratio) is calculated by dividing stock price by the revenue per share.It is most useful for comparing companies within a sector or industry because â€Å"normal† values for this ratio vary from industry to industry. In general, low price to sales ratios are more appealing because they suggest that a company is undervalue d. P/E ratio: About Price to Earnings Ratio The price to earnings ratio (PE Ratio) is the measure of the share price relative to the annual net income earned by the firm per share. PE ratio shows current investor demand for a company share. A high PE ratio generally indicates increased demand because investors anticipate earnings growth in the future.The PE ratio has units of years, which can be interpreted as the number of years of earnings to pay back purchase price. PRICE/BOOK VALUE RATIO: About Price to Book Ratio The price to book value is a financial ratio used to compare a company's book value to its current market price. Book value is an accounting term denoting the portion of the company held by the shareholders at accounting value (not market value). In other words, book value is the company's total tangible assets less its total liabilities. DCF METHOD: Beta(? ) The Beta (? of a stock or portfolio is a number describing the correlated volatility of an asset in relation to the volatility of the benchmark that said asset is being compared to. This benchmark is generally the overall financial market and is often estimated via the use of representative indices, such as the S;P 500. An asset has a beta of zero if its moves are not correlated with the benchmark's moves. A positive beta means that the asset generally follows the benchmark, in the sense that the asset tends to move up when the benchmark moves up, and the asset tends to move down when the benchmark moves down.A negative beta means that the asset generally moves opposite the benchmark: the asset tends to move up when the benchmark moves down, and the asset tends to move down when the benchmark moves up. It measures the part of the asset's statistical variance that cannot be removed by the diversification provided by the portfolio of many risky assets, because of the correlation of its returns with the returns of the other assets that are in the portfolio. Beta can be estimated for individual companies using regression analysis against a stock market index. The formula for the beta of an asset within a portfolio is here ra measures the rate of return of the asset, rp measures the rate of return of the portfolio, cov(ra,rp) is the covariance between the rates of return. The portfolio of interest in the CAPM formulation is the market portfolio that contains all risky assets, and so the rp terms in the formula are replaced by rm, the rate of return of the market. Beta is also referred to as financial elasticity or correlated relative volatility, and can be referred to as a measure of the sensitivity of the asset's returns to market returns, its non-diversifiable risk, its systematic risk, or market risk.The market itself is considered to have a Beta of 1. Using regression analysis, the beta of the stock is calculated. If the beta of the stock is greater than 1, this means the stock’s prices are more volatile than the market, and vice verse. For example, if a stock ha s a beta of 1. 2, this means that a 1% change in the market index will bring about a 1. 2% change in the stock’s price. Stocks with high beta are considered to be more risky compared to the ones with low beta. Bollinger Bands: Bollinger Bands  is a  technical analysis  tool invented byJohn Bollinger in the 1980s, and a term  trademarked   by him in 2011.Having evolved from the concept of trading bands, Bollinger Bands and the related indicators  %b  and bandwidth  can be used to measure the highness or lowness of the price relative to previous trades. Bollinger Bands consist of: * an  N-period  moving average (MA) * an upper band at  K  times an  N-period  standard deviation  above the moving average (MA  +  K? ) * a lower band at  K  times an  N-period  standard deviation below the moving average (MA  ? K? ) Typical values for  N  and  K  are 20 and 2, respectively.The default choice for the average is a simple  moving av erage, but other types of averages can be employed as needed. Exponential moving averages  are a common second choice. Usually the same period is used for both the middle band and the calculation of standard deviation. INTERPRETATION: The use of Bollinger Bands varies widely among traders. Some traders buy when price touches the lower Bollinger Band and exit when price touches the moving average in the center of the bands. Other traders buy when price breaks above the upper Bollinger Band or sell when price falls below the lower Bollinger Band.Moreover, the use of Bollinger Bands is not confined to stock traders;  options  traders, most notably  implied volatility traders, often sell options when Bollinger Bands are historically far apart or buy options when the Bollinger Bands are historically close together, in both instances, expecting volatility to revert back towards the average historical volatility level for the stock. When the bands lie close together a period of low   volatility  in stock price is indicated. When they are far apart a period of high volatility in price is indicated.When the bands have only a slight slope and lie approximately parallel for an extended time the price of a stock will be found to oscillate up and down between the bands as though in a channel. Traders are often inclined to use Bollinger Bands with other indicators to see if there is confirmation. In particular, the use of an oscillator like Bollinger Bands will often be coupled with a non-oscillator indicator like  chart patterns  or a  trendline; if these indicators confirm the recommendation of the Bollinger Bands, the trader will have greater evidence that what the bands forecast is correct.Monte carlo simulation: Risk analysis is part of every decision we make. We are constantly faced with uncertainty, ambiguity, and variability. And even though we have unprecedented access to information, we can’t accurately predict the future. Monte Carlo simul ation (also known as the Monte Carlo Method) lets you see all the possible outcomes of your decisions and assess the impact of risk, allowing for better decision making under uncertainty. Monte Carlo simulation is a computerized mathematical technique that allows people to account for risk in quantitative analysis and decision making.The technique is used by professionals in such widely disparate fields as finance, project management, energy, manufacturing, engineering, research and development, insurance, oil & gas, transportation, and the environment. Monte Carlo simulation furnishes the decision-maker with a range of possible outcomes and the probabilities they will occur for any choice of action.. It shows the extreme possibilities—the outcomes of going for broke and for the most conservative decision—along with all possible consequences for middle-of-the-road decisions.The technique was first used by scientists working on the atom bomb; it was named for Monte Carl o, the Monaco resort town renowned for its casinos. Since its introduction in World War II, Monte Carlo simulation has been used to model a variety of physical and conceptual systems. ICICI BANK CHARTS The annotated chart above shows a stock that opened with a gap up. Before the open, the number of buy orders exceeded the number of sell orders and the price was raised to attract more sellers. Demand was brisk from the start. The intraday high reflects the strength of demand (buyers). The intraday low reflects the availability of supply (sellers).The close represents the final price agreed upon by the buyers and the sellers. In this case, the close is well below the high and much closer to the low. This tells that even though demand (buyers) was strong during the day, supply (sellers) ultimately prevailed and forced the price back down. Even after this selling pressure, the close remained above the open. By looking at price action over an extended period of time, we can see the battl e between supply and demand unfold. In its most basic form, higher prices reflect increased demand and lower prices reflect increased supply. Interpretation:The Rate-of-Change (ROC) indicator, which is also referred to as simply Momentum, is a pure  momentum oscillator  that measures the percent change in price from one period to the next. The ROC calculation compares the current price with the price â€Å"n† periods ago. The plot forms an oscillator that fluctuates above and below the zero line as the Rate-of-Change moves from positive to negative. As a momentum oscillator, ROC signals include centerline crossovers, divergences and overbought-oversold readings. Divergences fail to foreshadow reversals more often than not so this article will forgo a discussion on divergences.Even though centerline crossovers are prone to whipsaw, especially short-term, these crossovers can be used to identify the overall trend. Identifying overbought or oversold extremes comes natural to the Rate-of-Change oscillator. Standard deviation chart that measures the amount of variability or dispersion around an average. Standard deviation is also a measure of volatility. Generally speaking, dispersion is the difference between the actual value and the average value. The larger this dispersion or variability is, the higher the standard deviation. The smaller this dispersion or variability is, the lower the standard deviation.Chartists can use the Standard Deviation to measure expected risk and determine the significance of certain price movements. BRIEF ABOUT PORTFOLIO Annexure: News Analysis Regarding Portfolio * Bajaj Corp Nirmal Bang is bullish on Bajaj Corp and has recommended buy rating on the stock with a target of Rs 228 in its October 9, 2012 research report. â€Å"We have upgraded our FY13E and FY14E earnings estimates for Bajaj Corp (BCL) by 6. 4% and 3. 7%, respectively, factoring in higher gross margins. Consequently, we have increased our target price on the stock to Rs228 (from Rs220 earlier) and retained Buy rating on it. † * DABUR INDIA LTD..AnandRathi has come out with its report on consumer sector. The research firm recommend`s buy on ITC, Nestle India, Colgate, GSK Consumer, Emami, Pidilite, Agro Tech Foods, Bajaj Corp. , Lovable Lingerie, Zydus Wellness, and Tilaknagar Industries. Dabur, Marico as Hold, and have Sell on HUL, Asian Paints, Britannia, and VST Industries. Consumer companies are expected to report 17% revenue growth, led by higher volumes and prices. We expect stable EBITDA margins, despite rise in raw material costs (up 7-8%) and reduced weights. With tax rates likely to rise 50-150bps, we expect net profit to increase only 15% yoy.Revenues on the rise:  We expect sector revenues to grow 17%, led by volume and price. Offtake from the Canteen Stores Department, comprising 8% of sales, would be subdued. However, rupee depreciation of 10-12% will benefit companies with more than 15% in exports (Asian Paints, M arico, Dabur). * Bharti Airtel Top telecom carrier  Bharti Airtel  Ã‚  will bid in an upcoming auction of mobile phone airwaves, said a company source, who declined to be named as the matter is not public yet. The airwaves auction is the result of a Supreme Court order to revoke permits issued in a scandal-tainted sale in 2008.Bharti Airtel is not affected by that court order but it could be looking to buy additional spectrum. Friday is the deadline for companies to submit their application to participate in the auction, which is scheduled to start on November 12. ICICI BANK: SBI  Ã‚  ,  HDFC Bank  Ã‚  and  ICICI Bank  Ã‚  are the best bets, says Sudarshan Sukhani, s2analytics. com. Jaiprakash Associates  Ã‚  , they had set a target of about Rs 100, much lower when it was Rs 80-81. It is almost there. So now for people who hold positions there are the potential of more gains, but at Rs 95 I do not know if a trader can actually buy. The targets are just in front of us .Perhaps the stocks will consolidate. Perhaps it could go up and it may not. † He further added, â€Å"The risk-reward is no longer in favor of a short-term trader. For actually people who still hold them I think there is more upside. † â€Å"The Bank  Nifty  itself becomes a buying opportunity as we just entered the last half an hour of trading. The Nifty is clearly above the 5700 level. I had explained earlier that we do not need a level on the Bank Nifty. If the Nifty is trading above 5700 we can buy the Nifty as well as the Bank Nifty and we should, at least the aggressive traders should. The CNX-IT can be left alone.Which are the best stocks in the Bank Nifty to go along with? It is State Bank of India, HDFC Bank and ICICI Bank. OBSERVATION: ICICI Bank- Key Fundamentals Market Cap (Rs Cr. ): 118,375 EPS – TTM (Rs):64. 19 P/E Ratio (x):15. 91 Face Value (Rs):10. 00 Latest Div. (%):165. 00 Div. Yield (%):1. 60 Book Value / sh. (Rs) :523. 79 P/B Ratio (x): 1. 96 CONCLUSION: There are many online services which offer tools that enable us to choose investments plus those which offer relatively affordable trade margins. These options are basically for everyone though experienced traders could be well versed with them.To evaluate a good online trading service we need to look at the several factors. Issues to do with fees plus commissions for doing business can quickly rise up. Comprehensive services should be able to provide extended markets in addition to investment services including other retirement options. Since purchasing and selling at online stock trading is nerve racking, overall best services provide instant messaging as well as phone support. Bibliography: www. Moneycontrol. com www. Bseindia. com www. Nseindia. com www. Wikipedia. com ANNEXURE :- As per 1st NOV 2012:-

Professional Communication Essay

The reasoning behind ISO 9000 certification in manufacturing is to ensure uniformity in processes as an assurance of levels of quality. By creating sets of standards to which the manufacturing process must adhere, only acceptable product is released for shipment or sale. With the development of and subsequent compliance with ISO-9000 standards in mind, it is critical to construct a realistic and effective ISO standard. The cornerstone of this construction is the charter documentation. Just as the ISO standard itself is used as a quality control measure, the charter is a control method for the formulation of the standard itself. Basically, ISO in manufacturing is intended to cover two major areas- people and processes. Without giving personnel the proper training to carry out the standard, the processes will not be reflective of the quality standards brought forth by ISO. For these reasons, charters must be carefully developed in a multi-faceted approach. Charters are typically most effective when driven from the managerial/supervisory level from the beginning. In regard to this managerial input in the chartering process, management should detail their responsibility in the ISO program. This will achieve two very important things- it will be a reasonable assurance that the charter reflects the overall initiatives of the organization as envisioned by management and will show the subsequent lower levels of company hierarchy that this is something that management is taking a part in and not merely issuing a mandate without leadership by example. Just as management has to have a level of responsibility in the charter, the individuals who are involved in more of the hands-on aspects of production need to make a contribution to the charter. The insight that production personnel will be able to provide in the creation of a useful charter is vast. These individuals have seen the best and worst of the actual manufacturing that goes on daily; as such, best practices can be incorporated into the charter from the start. Design control must also have a place in the charter document; from the outset, of course the charter will correspond to existing product; in the case of new product development as an example, designs must fall under the same requirements as does a long-standing product. The same would apply to modifications of existing product. Document and data control are essential elements of the charter; being able to achieve uniformity and quality in the ways that work orders, shipping documentation, product specifications and purchase orders are created and processed will aid in the carry through of quality standards beyond the shop floor and into the administrative and clerical areas of the manufacturing facility. Up to this point, the charter has been considered in terms of how it will correspond to things being done correctly. Just as important is the consideration of what will be done when inevitable errors and problems arise. For these occurrences the proper planning and execution of corrective actions, as well as follow up to assure that the original error does not become a repeat event, can be incorporated into the charter. In this case, malfunctions are accounted for in addition to best practices. After the charter’s collaborators, scope and purpose is in place, the launch of the charter comes into play. The document itself begins with a clearly stated purpose which can literally be understood by those of technical and non-technical backgrounds alike. Not only can the words be understood in terms of what they explicitly say, but also easily lend themselves to adaptability on the part of the audience; in other words, the words can be processed in the mind of the audience and they can then begin the thought process of exactly what the Charter will ultimately mean to their job tasks, and most likely open up a dialogue among the audience members in regard to how they will all collaborate, with the Charter as a framework, for the achievement of quality objectives as required. If looking at nothing else but the intended use and audience of the Charter, the strengths are many. In fairness, however, some weaknesses likewise exist. Audience is perhaps the most important consideration in the production of any technical document, and especially in the case of the ISO Charter, not only because of the fact that this document, by its nature of being a quality control document should set an example for quality and would discredit the ISO process if it was not of the highest quality, but also because of the fact that the Charter is intended to be used by a huge variety of manufacturers, quite literally around the world. Because of these audience factors, the Charter often is interpreted not only according the particular industry that it will be dictating to, but also translated into different languages for different nations, and comprehension levels; for example, an automobile manufacturer in France will be using the same base document, in the form of the ISO Charter, as would a paper mill in Mexico- different industries, different cultures, and possibly even different educational levels and therefore levels of reading comprehension. Because of this, the demographic element of the audience for this particular document deserves additional discussion. The ISO Charter, by necessity and purpose, has to possess a sort of universal quality in terms of its intended audience; as was previously mentioned, the document will at any given time be used by any given industry in any given part of the world, creating operational and cultural variations that must be taken into account. Further, even within one organization itself, the Charter will have to be flexible in its target audience, which is better understood with a brief description of how an ISO Charter may be utilized at varying authority levels in the same operation. Initially, the Charter would be reviewed by the upper management, possibly delegated to middle management, and ultimately to the rank and file. This being understood, it is also important to understand that everyone must be able to interpret it and adapt what it teaches for their own uses if it is to achieve the ultimate goals that led to the adaptation of the Charter in the first place. The close relationship between the charter and the subsequent ISO standards that will branch out from it are much like blueprints from which a finished product emerges. Because the charter has multi-level participation, precise details of how all areas of the manufacturing facility will be involved in the end goal of quality in line with ISO, and controls in place in the event of errors or problems, the charter possesses the unique ability to literally instill quality in the ISO standard itself. While the viewpoint of some manufacturers is that ISO is best used as an effective means to gain competitive advantage merely by the existence of the ISO logo on finished products, the true intention of correctly used ISO standards- continuous improvement, an assured level of quality, and the means to fix whatever may jeopardize that standard of quality- seems to be more palatable to the majority of manufacturers. This is especially so given the dynamic nature of the competition in some industries. Guided by an efficient charter, the ISO standard can be properly formulated and enacted over the long term in pursuit of quality objectives.

Running Head: Substance abuse in prisons.

In most prisons in the world, alcohol dependence is the most prevalence substance abuse.   Most prisoners are said to depend on alcohol and drugs, to relieve stress and tension.   This has been linked to the fact that most inmates are imprisoned for drug – related offences.   These criminals are believed to introduce drugs and alcohol in prison.   The majority of the prison population has shown some evidence of substance abuse.   In Canada, research has shown that at least 7 – 10 inmates have engaged in activities of drug and alcohol abuse.The use of drugs and alcohol in prisons is highly spreading.   Research has shown that women have more severe substance abuse problems than men.   They have also shown a tendency of being involved in hard drugs such as cocaine and heroine than men. These women also have a higher rate of injection drug use than men, at approximately 91%.Heroin is the type of drug abused by most inmates in state prisons of Toronto and Mont rà ©al, while in Atlantic Canada alcohol and cocaine are the most abused. Alcohol and drugs are available in almost all prison facilities in the world.   Research studies have shown that drug trade is much more rampant and violent in the prison than on the street. Despite the efforts to eliminate drugs in prison inmates have always been discovered to test positive for drug tests.The types of drugs available in prison include marijuana, alcohol, drugs, cocaine, tranquilizers, opiates, Hallucinogens, stimulants, sedatives and heroin.   Marijuana is the most common drugs while heroin is the least available drug in prison.Drugs treatment programmes available in California state prison.Programmes for drugs abuse treatment in this prison include, detoxication programmes, therapeutic programmes, drug courts, transitional treatment, maintenance and aftercare and pharmacotherapy methods. In California prison state intensive intervention services are reserved for offenders who are viewed as high risk.   The treatment available is designed to target behaviors that are predicative of criminal behavior.In this prison, treatment techniques such as coping skills training have been used to reduce substance abuse.   Inmates are trained on how to cope in prison without drugs and also given social skills and employment skills. These skills assist in keeping them focused on other positive activities.   Structured relapse prevention techniques are established to prevent inmates from relapsing into substance abuse.   Stress management sessions are held in prisons to help prisoners deal with drug withdrawal symptoms. Willing prisoners are asked to set their goals of treatment and work step by step to achieve them.   This way they are motivated to stop drug abuse.   Community reinforcement techniques have also been started. The community offers its services to the prisoners through voluntary services to encourage motivate them in stopping substance abuse.   However , these treatment programs have not been very effective in the prison.   The programs are not enough to stop usage of substance abuse in prisons.ConclusionI think that more treatment programmes should be established in the prison.   Control and detection programmes should be established to detect any form of drug smuggling into the prison.   Visitors and new prisoners must be thoroughly checked before entering the prison compound.   Routine searches should also be done in the prison frequently to discourage any form of drug or alcohol storage in the prison. Comprehensive screening and assessment of inmates on entry should be performed to identify the treatment programme suitable for each patient. Drug detection dogs should be introduced in the prison to facilitate drug detection in the prison.   Visitors’ areas should be modified to the designs and layouts that are open and easily accessible.   The visiting areas should be completely separated from the inmates sec tion by an impassable barrier. The way against drug and substance should be intensified to eliminate them from our society.References.Substance abuse in corrections. http://www.ccsa.ca/pdf/ccsa-011058-2004.pdf.as retrieved on 26/10/2007.Alcohol info. http://www.alcoholinfo.nsw.gov.au/justice_system/corrections_system as retrieved on 20 Jul 2007.Heroin addiction treatment. http://www.alcoholinfo.nsw.gov.au/justice_system/corrections_system as retrieved on 20 Jul 2007.

Statement of purpose for geophysics masters Personal

Of purpose for geophysics masters - Personal Statement Example In reference to this, I made a decision to pursue Geological Sciences Option II, which is more involved in seismic study of the deep Earth. As of now, I can confidently articulate that my skills are ready for the job market. Moreover, the industrial attachment I attended for six months enabled me to put the theories I learnt in class into practice. The University of Texas has prepared me for the future in character and knowledge, and now I am a graduate with a first class honors degree. Pertaining to this, I am constantly motivated to increase my knowledge so that I can give more solid contributions towards making the world a better place to live through this field. For this undoubted reason, my persona compels me to make an application for a Masters Degree in Geophysics in your reputable institution in the coming days. I am fully informed of the institution’s reputation, and I have no misgivings that you will offer me a platform for this

Marketing Essay on Ryan Air Example | Topics and Well Written Essays - 1500 words

Marketing on Ryan Air - Essay Example It is held that that growth of the purchasing power of the European consumers would help in steering the rate of passenger inflow. RyanAir thus being the low-cost airlines can effectively sustain its market position (Mayer, 2008, p.3). Social With a growth in the per-capita income of the European households the lifestyle of such people is also held to counter changes. The number of vacation goers is thereby held to increase which in turn would help RyanAir gain an increase in passenger traffic during weekends (Hoffmann, 2007, p.13). Technological RyanAir is gradually developing on the technological situation by dearth of developing its website from only a booking enabled site to contain enhanced information pertaining to flight destinations. Further the company is working with other complimentary business firms like travels and hospitality to enhance its online service and information dimension (Bearne, 2010). Legal RyanAir’s flight operations are continuously under legal surv eillance. During 2005 the airlines company was sued by a British Court by around ?24,000 pertaining to its erroneous representation of flight prices as against the Consumer Protection codes of the region (Rush and Ottley, 2006, p.286). Again during 2010 the company was made bound by European Union regulations to reimburse the reservation amount to passengers that had gone disrupted owing to rise of ash clouds (EU Business, 2010). Environmental The management body of RyanAir is continually investing billions of pounds to focus on reducing the level of carbon emissions by around 50 percent. The company is stilling facing complaints from European Union and other political factions stating it to be a high carbon-emitting company (BBC News, 2007). SWOT Analysis of RyanAir Strength RyanAir a low cost airliner is gaining increased popularity among vacation goers and business travellers in the European markets. The company acting effectively on its online platform gains the potential to exp and its business and consumer portfolio. It also reflects the potential in running airlines rendering low-carbon emissions in the European region. Weakness The company owing to its managerial ineptness tends to face legal suits for not being effective in looking after the problems of passengers. Legal suits filed pertaining to its price misrepresentation and delay in reimbursement tends to dilute its brand image in the low-cost airlines market of Europe. Opportunity RyanAir in terms of economic and social developments of the people pertaining to the European region tends to gain hold of larger opportunities pertaining to increasing the passenger inflows. This increase in the passenger traffic would thus help the airlines enhance its revenue and market share in the European region. Moreover the enhancement of the online paradigm also helps the company gain the advantage of other companies collaborating with it to render services to consumers. Threat Regulatory climate of the European region is continually changing with rise in threat coming from the growth of terrorism and epidemics like flu and SARS. These changes in European regulations happen to render impact on disrupting its flight operations along the European region. Marketing Objectives of RyanAir Area1: Public Relations S-The company can

Heritage Assessment in Health Promotion Essay Example | Topics and Well Written Essays - 750 words

Heritage Assessment in Health Promotion - Essay Example Upon interviewing three families from different cultural backgrounds, it became obvious that the differences in health practices are sometimes rooted in religious beliefs, which is of course, a large part of the culture. An effective health care provider has to understand that some people from certain cultural backgrounds may be more sensitive regarding their health practices and beliefs, particularly if it has a religious basis. For example, an Orthodox Jewish woman recounted her story when she gave birth to her first child. She went through long and severe labor pains that were eased only by consistent back rubs. Her husband could not touch her because according to Orthodox Jewish beliefs, women undergoing labor are â€Å"unclean†. Her husband and the attending nurse at that time had a minor argument regarding who should continue her back rubs, with the nurse believing that the husband could help since the nurse had other patients to attend to. She also mentioned that women should only do the caring for the sick. Consequently, it is not acceptable for men to attend to women who had just given birth. Food intake is also different, as Jewish people has a specific standard for acceptable foods, making sure that everything is â€Å"Kosher† (a symbol ensuring that food is prepared in line with the Orthodox Jewish regulations). (Galanti, 2008, p.82). Another example is stated by a traditional Muslim female from Abu Dhabi. This woman mentioned that they are particular in their food intake, just like the Jews, ensuring that everything is â€Å"Halal† (a symbol ensuring that food is prepared according to Muslim law) (Galanti, 2008, p.87). This could pose a concern, for example, in determining a patient’s diet, as the medical practitioner should guarantee that the diet plan coincides with the patient’s beliefs and lifestyle. Health conditions are also referred to gender-specific doctors (male doctors for male patients and female doctors for female patients), and health care is only acceptable from same-gender caregivers. According to the interviewee, even in emergencies, some traditional Muslims could demand medical attention to be provided only under acceptable Islamic conditions. Another good example is provided by a Chinese exchange student who grew up in Mainland China. She mentioned t hat her family is very traditional when it comes to health care. HERITAGE ASSESSMENT 4 She

Chapter 3 Assignment Example | Topics and Well Written Essays - 250 words - 1

Chapter 3 - Assignment Example The percentage contribution of food is 32%, products 21%,housing 29% and mobility 18%.Therefore ecological footprint will be as shown; Food=2.72, goods=1.79, shelter=2.5, mobility=1.53.The total ecological footprint is an average of 8.5 global hectares per person. The ecological footprint of a person living in the primitive U.S.A, there is a reduction in general carbon emission by this person. The person does not need a vehicle to move and, therefore, will take a walk or ride a bicycle. The food the person consumes is more of natural and, therefore, there is a reduction in the overall emission patterns. Food=25%, goods=17%, shelter 20%, mobility 10%.Therefore the ecological mobility will be (0.25*8.5+0.17*8.5+0.2*8.5+0.1*8.5) =6.12 global hectares/planets. The ecological footprint of other countries is low or high. This depends on the natural resource endowment. For example, in Australia is 12.25 global hectares because of the use of coal to generate energy. WWf calculator exists on an online platform, but it derives the calculations by asking questions like the kind of food one consumes and the frequency of its consumption. It asks questions about all components of carbon footprint and ecological footprint. My ecological footprint in the calculator is 3.14 planets, and carbon footprints are 2202.4 because of the difference in their questions used in calculations. Some of the behaviors that can reduce the emission of greenhouse gases come from an individual. One can decide to use his or her vehicle once or twice in a week. One can opt to board a train once in a while to job. One can ration the amount of food consumed and also the appliances used at home can avoid issues of using kerosene stoves to reduce emissions of carbon dioxide. Overall, we can conclude that it would be so important for a society to work towards lowering the ecological footprint. This would be paramount. Some of the measures to ensure this can include; the country is

Present the case against the anthropogenic causes of global warming Essay

Present the case against the anthropogenic causes of global warming - Essay Example This phenomenon is termed as global warming. There can be many negative consequences of global warming including growing risk of human survival on this planet (Maslin, 2007, p.9). One impact of global warming is melting of ice in the north and south poles which includes glaciers and ice sheets over West Antarctica and Greenland. There is also the risk of rising of the sea level that will result in inundation of the low-lying areas. Many species of the earth like penguins and polar bears are rapidly decreasing in number due to the melting of ice caps. Due to increased precipitation, there has also been an increase in rain and snowfall around the world. There is also damage of coral reefs because of warming of sea water; almost one third of coral reefs have already been severely damaged (Effects of global warming, n.d.). The concept of man’s impact on global warming has currently become a controversial issue because of the various difficulties faced by scientists while studying climate change. This paper argues against the anthropogenic factors of global warming and presents the natural and scientific factors responsible for this phenomenon. Greenhouse effect Greenhouse effect is the phenomenon of increased temperature of the earth’s surface and lower level of atmosphere due to emissions of various gases. Similar to a glass house where heat enters but some of it is retained and is prevented from going out, the earth’s surface too absorbs two-thirds of the sun’s radiation and expels one-third of the heat. In order to maintain balance of the solar heat the earth has to give back equal amount of heat to the atmosphere. Since the earth is colder than the sun, it reflects back heat in longer wavelengths than the sun’s radiation. A large part of this thermal energy emitted by land and water bodies is absorbed by the atmosphere and also by clouds that result in rainfall and cooling of the earth’s surface. This entire phenomenon is known as the greenhouse effect (What is the greenhouse effect? 2007, p.1). The most important greenhouse gas is water vapour followed by carbon dioxide which is the second most important greenhouse gas. Some of the other greenhouse gases present in the atmosphere are methane, ozone and nitrous oxide (Montzka, et al, 2011, p.43). If there would been no greenhouse effect then the surface of the earth would have been colder than the present temperature. The estimation is that without greenhouse effect the temperature of the earth’s surface would have been 330 C, and the earth would not have been appropriate for living beings to survive. The concern among scientists is that human activities may increase greenhouse gases to a high level which will lead to increase in temperature by 50 C within the middle of this century. However, the extent to which human life will be affected is still under controversy as it is still a matter of speculation how much the temperature change will affect the normal patterns of rainfall, drought, seasons and sea level (Schneider, 1990[1], p.13). The amount of thermal energy reflected back to space by the earth’s surface depends upon the temperature of the surface. A hot surface will radiate more thermal energy than a cold surface. The amount of radiation is also

Customer Relationship Management Program Case Study

Customer Relationship Management Program - Case Study Example Both companies before merger had well-developed Customer Relationship Management program according to their respective visions and the employees have trained accordingly (Dyche & Wesley, 185). After the merger, the focus was on coming up with a Customer Relationship Management system to satisfy the needs and demands of the employees and customers of both companies, while communicating the new brand philosophy and vision. In this regard, the company had to face and overcome different challenges and issues. The major issue was of establishing consensus on the values and vision of the Customer Relationship Management program. Implementation of the new Customer Relationship Management program demands extensive attention from the top management. In order to ensure efficient and effective implementation of the Customer Relationship Management system, the top management of the organizations should come up with appropriate plans and strategies. Most important step in this regard is to make sure that overall organization is ready for the implementation of a new Customer Relationship Management program. The organization should start with scanning the internal and external environment in order to identify any hurdle or resistance. Apart from this, it is essential to train and educate the employees about the new Customer Relationship Management system so that an understanding of CRM is developed. Implementation of the Customer Relationship Management program requires well-thought change management strategies so that the organization is able to minimize resistance and at the same time is able to take help from the supportive factors. In order to ensure successful implementation of the Customer Relationship Management program, it is important to identify important customers with whom the organization want to interact.

Legalizing Same-sex Marriage in America Essay Example | Topics and Well Written Essays - 1750 words

Legalizing Same-sex Marriage in America - Essay Example Scientific research to date proves that homosexuality is genetically inclined, and those who are indeed homosexual, have a genetic predisposition of sorts to their sexual orientation. Sexual orientation is not a â€Å"sexual preference†; it’s not something that one can change, therefore, those with homosexual orientation should be granted each and every single American right that heterosexuals have, including marriage, parenting, etc., otherwise America, who takes pride in being a nation of equality, is making their claim on fraudulent terms. While proving that sexual orientation is not a choice and that homosexuality is indeed the genetic makeup of an individual, it should be recognized by the U.S. government that homosexuality is a â€Å"normal† orientation just like heterosexuality is, and those of a homosexual orientation should be granted the same equal rights as heterosexuals, Whites, Africans, Hispanics, and everyone else who call this great nation their à ¢â‚¬Å"home†. Genetically speaking, it has been discovered that antibodies in the womb can attack the Y chromosome in an unborn male, causing him to be gay. This normally happens when a woman already has several, several, meaning two or three, â€Å"straight† male sons; her body just builds up an antibody to carrying males, and these antibodies attack the Y chromosome in the unborn male, making him homosexual (Independent). For every prior male brother who is â€Å"straight†, the chances of the next male becoming gay later in life, increases by one third (Independent). This study, conducted by Canadian scientists in 2006, proves that homosexuality in men is of a biological nature and nothing else. Gay men are â€Å"created† (Independent) meaning; they are born with a genetic predisposition to homosexuality. Thus proving that homosexuality is not a choice, but completely biological, even before birth (Independent). Also, it is common that most homosexual mal es have reported the same feelings concerning their identities and such during childhood. Many say that they â€Å"felt different† at an early age and often had to defend their masculinity (Handbook). They also reported that from a very, very young age, they did not take interest in the same games, toys, clothing, etc. as other â€Å"straight† males their age, and also felt an overwhelming attraction to the same sex, even from as early as 2 to 5 years old (Handbook). These young males reported that they often enjoyed playing with toys made for the opposite sex and also enjoyed wearing clothes of the opposite gender as well. The males said they did not take much of an interest in masculine games, such as sports and â€Å"boy† toys. â€Å"My cousin, who is now an openly gay, nineteen year old male, always collected Barbie dolls,† says Bessie Cherry, an award-winning journalist from Tennessee. â€Å"It was always a question ‘if’ my cousin was g oing to be gay or not. He loved to play with toys of the opposite sex, often carried a purse, and wore girls’ jeans and shoes. He was always very interested in things that boys his age were not, like collecting antique dishes and such. He never wanted to play football, like the rest of his male cousins his age. He never wanted to play with ‘boy’ toys, such as trucks and cars; it was always Barbie dolls and ‘girly’ things that he chose to play with instead. When my cousin became a teenager, he was so handsome that so many of the girls

Hoosiers Essay Example for Free

Hoosiers Essay ‘Hoosiers’ is a sports film made in 1986 about a basketball team of high school of a small town in Indiana. The film represents a time during 1952 when every high school in Indiana used to compete in one or the other state championships. The film is based on the new coach of the basketball team, Norman Dale who in fact has a past with a spot and has been out of the game for nearly more than a decade. The people in the town are adamant to fire him because they are not sure about the coach, not at all trust him and also dislike his coaching style. Despite all these opposing, Coach Dale sets himself focused and finally brings the whole team together and helps it to win the state championship and at the same time wins the heart of the people too. Coach Dale explains to the team members that it becomes necessary to apply different leadership styles in different situations. One of the styles that help the team members to unite and win the championship is authoritative style. Initially, in fact immediately in his first interaction with the team members, Coach Dale applies this style on them and asks Ray to keep out of the game just because he didn’t follow his instructions word by word. The movie is of course about a high school basketball team but it depicts that a person’s leadership and right directions can lead even a community and if one were focused on his goal, he would definitely achieve it. Authoritative style is, in fact, uniting the members of the team by focusing on a common goal that has to be achieved but here the members are to follow the instructions of their leader on the way of achieving the goal. But in this movie it was not only the leadership style but also lot of other characteristics of Coach Dale like his optimism, self-confidence, farsightedness, enthusiasm, toughness and of course motivation, that helped the team to win and follow his instructions. There are times when authoritative style of leadership seems to look like dictatorial or bossy but it best fits in situations when the leader has the best knowledge and experience as compared to other members of the team or when time limit is less for the group to take decisions. Authoritative style of leadership becomes important when the goal is common but the group members are not very sure about the ways to achieve it but the leader has a concrete idea, which if followed there is maximum chance of achieving the goal. The whole and sole responsibility lies on the leader’s shoulders and he or she must have the expertise and should possess all the basic and detailed information to handle the situation. In the movie, Coach Dale has his goal focused and applies this style of leadership most of the time because he has the self-confidence and farsightedness in him along with the experience of the game much more than the other members of the team. Initially his players don’t listen to him and two among them even walk away because they don’t trust him and to follow someone it is very important to have faith in his words. The movie focuses on the significance of determination and importance of right leadership in not only a basketball game but in life too. When it becomes difficult to  achieve the target in life and you have someone who has the confidence and expertise to guide you, you must follow him and trust him.

Intercultural Aspect Of Culture Essay Example for Free

Intercultural Aspect Of Culture Essay Before evolving an intercultural model of conflict resolution it is important to understand and identify aspects of culture that lead to creation of the framework of conflict. The cultural spectrum holds different shades for a person, a society and a nation, accordingly helping each of them to assimilate and adapt to a common identity that is defined and shaped by culture (Holliday, Hyde and Kullman, 2004). In the process of evolving this collective identity, culture transcends its traditional role of providing an aggregate set of beliefs, customs, norms, values, ethics, traditions, moral, social and legal codes, perceptions, and philosophy, to become the overall physical framework for the society to function. Culture is strongly related with geographical setting of a place, religion, ethnicity, and race, explaining why different countries have different cultures, and also why places on seashore share common elements of culture that is quite different from culture of mountainous places. The imprinting of culture on ways a person thinks, acts, perceives the environment and models his/her reaction is very strong and virtually indelible, determining every aspect of human behavior and giving rise to cultural identity in addition to individual and national identity. Although the classic rational choice framework says that people are independent in choice of their behavior and approach towards events, its seen that at subtle levels the structural model provided by culture acts as final determinant in predicting a person, a society and a nation. Although culture is dynamic, evolving and continuously upgrading itself, in essence, these changes occur within the context of culture’s own timeframe. One of the most important contribution of culture to human civilization is the orientation provided towards other cultures, making the culture in question receptive, tolerant, indifferent or outright hostile towards different cultures. Societies are seldom mono-cultural, displaying a range of cultural traits, achieved through generations of trades, contact, and cross cultural mixing (Holliday, Hyde and Kullman, 2004). However, although for people belonging to a particular culture, their culture would hardly seem complex, the cultural realities are hidden beneath the surface, difficult to observe and discern from outside. These improper understanding and imperfect perceptions of culture often give rise to conflict when different cultures are required to meet or come across. In the workshops I have attended I have come across people from various cultural background and my first attempt is always to know as much possible as about them; not their individual preferences, but their cultural orientation and philosophy. My this approach has helped me immensely in not only developing an understanding of other cultures, but my own adaptability and flexibility in my relation towards them Conflict and Culture Conflict is an integral part of human culture. When a number of people of interact with their own individual perspectives, view points, ideologies, cultural and social backgrounds and intellectual development then differences and debates are bound to arise as a logical and inevitable consequence of the interaction (Killian and Pammer Jr. 2003, 3). These differences, acted upon by incompatible interests of attaining personal goals, change into conflict within groups, societies and nations. (Rahim, 2001,1) The greater the diversity and richer the profile of a society, the greater is the scope and range of its embedded conflict. Therefore it is essential to educate people on understanding and handling conflict and treat as an integral component of a democratic society that is important for developing a healthy social life (Killian and Pammer Jr. 2003, 3). In every conflict, whether it is individual or at social scale, culture has always an important role to play. Depending upon the actors involved and the context of conflict, the role of culture in conflict can be direct or subtle, but it is always present as the ultimate factor in deciding the scope of conflict, its direction or its outcome. Culture even decides the existence of conflict, for people who are embedded in the culture of seeing world as a harmonious entity, may not be aware of any conflict through their life. In all the major disputes, debates and disagreement taking place around world, differences in cultural identities and perceptions are fundamental causative factors. A further evidence of the role that culture plays is evinced by peace and harmony existing among societies that have same culture, such as observed between USA and Britain, sharing same historical and cultural roots. Every conflict, whether it is trans-generational, geographical, religious, organizational, or personal, has a cultural component involved. People enshrined in their own culture often react with hostility against any cultural identity that appears contrary to their thought process and ideas. It follows therefore that any effort of conflict resolution needs to incorporate cultural understanding and acknowledge the existence and necessity of diversity (ibid). Personally I have encountered cultural difference in perspective of style of communication. Some of my colleagues, belonging to different cultural background, initially took exception to the direct and frank method of communication that is followed in US, as this, according to them constitutes a mild level of effrontery. However, as they assimilated themselves with the general surrounding, they realized that the direct nature of communication is a norm, not an aberration. Communication and Conflict Communication is important, as it is the medium of conveying message, forming the first interface in method of conflict resolution. Communication is almost always within the context of culture, and culture determines the significance of words as well as gestures and non-verbal expressions, affording people with choices of high context or low context communication, depending upon their cultural maturity and ability to handle multi-culturalism and accommodate a range of opinions and ideas other than those familiar to them (Grosse, 2002). During the initial phase of cultural familiarity, communication takes place at low context, meaning that people rely more on direct verbal communication, which is more or less literal in nature. As the cultural relationship progresses, communication interaction moves ahead on continuum to become high context, and it becomes more interpersonal and contextual, minimizing chances of misunderstanding and confusion. Effective cross cultural communication is centered upon knowledge, empathy and intercultural sensitivity (ibid). The correct approach in such cases is be flexible, adaptable and receptive to all views, no matter how contrary or incongruous they appear.. A positive and patient listening attitude is also valuable as it allows people to fathom emotions of others and makes them perceptible to alternate view points. Finally, the most important attribute in cross cultural communication is recognition that every culture is correct in its own context and each has to yield some ground to reach a harmonious consensus (ibid). In my attempts to understand and know about other cultures, I have always relied on effective communication skills, that include both hearing and communicating. Personally I have felt that people from different cultures readily share their cultural background, their beliefs, customs and traditions as I myself do in a multi-cultural environment, as we all want to be well understood and appreciated. Active listening and frank communication skills have greatly helped me in establishing quick rapport in any multi-cultured environment. Discussion on mediation and skills in conflict resolution Effective communication strategies are keys to resolve conflict by providing channels that provide expression of grievances and bring conflicting parties together. In the field of conflict management, communication strategies help through the channels of 1. Negotiation: Negotiation has emerged as an important form of conflict management within organizational and social setups. As such research in communication theory in conflict management has started to pay close attention to communication behaviors, types and strategies towards successful negotiation. Negotiation, as a part of managing conflict, requires interested parties to trade proposals for settlement that include, out of court settlements, business contracts, collective bargaining contract etc (Womack, 1990, 32). As Womack further elaborates, generally the process of negotiation proceeds through motives that are both competitive and cooperative. The approach of communication in the entire process of negotiation is concerned with the messages that are transferred among negotiators and the concerned parties. Communication intervenes in the process of negotiation through its both verbal and nonverbal forms and constitutes the entire base on which the goals and terms of the bargain are negotiated. Communication plays the central role in not only developing the relationship among the parties in conflict, but also in determining its direction. It is also central in every form of bargaining process, whether the bargaining is done for organizational form of conflict management, involves conflict resolution, negotiation on legal agreements or for negotiation in inter-group an intra group conflict. The entire role of communication in negotiation processes and strategies is quite vast and it ranges from defining the conflict issues, selection and implementation of strategies to presenting and defending the viable alternatives and finally helping in reaching on a solution (Womack, 1990, 35). 2. Third party intervention: Third party intervention in conflict situation is a tricky and challenging situation. It is considered as one of those areas that offers real test to the communication skills of the intervening person. Although mediation requires a neutral and third party to bring the disputants on the resolving chairs and solve the conflict, the mediator per se, has no authority and commanding power to force the parties into acquiescing to an agreement. At the best, the mediator can use persuasive and convincing dialogues through which the involved parties voluntarily agree to reach at accord through advises, admonishments, ideas, and views of the mediator and break into meaningful dialogue with each other (Burrel, 1990, 54). Its easy to see that this entire procedure requires very high level of communication skills on the part of the mediator to successfully negotiate agreement among the conflicting parties. I have had the opportunity to mediate in certain cases of cultural misunderstanding in the workshop. I tried to resolve the dispute by completely understanding the issue of contention, and the respective approaches that each party had taken on the issue. Thereafter I clarified the entire situation to them, explaining in the process that their respective approaches where natural consequences of their cultural training and application of that training on the issue in hand. In the process I encouraged them to understand and appreciate each other’s cultural understanding and orientation, they were successful in settling the conflict. Designing a process of Intercultural aspects of conflict resolution In the course to evolve a systematic cultural response to conflict, the first step is to breed familiarity among cultures that adds plurality and multicultural dimension to broaden existing views. In the process of evolving cultural familiarity communication, approaches towards conflict, cultural interpretation of life and identities and roles are identified as essential parameters (Carbaugh, 1990). Out of these, role and range of communication has already been discussed. Now it is time to look at rest of three factors. Responses towards a conflict situation are largely culture dependent, guided by the ways each culture has systemized itself towards conflict. Direct and straightforward ways of approaching conflict, generally acceptable in western society, may seem threatening and offensive in eastern cultures accustomed to third party negotiations. Similarly, cultures that follow calm and reasonable response to conflict, may feel intimidated by emotional and passionate response to conflict situation (Carbaugh, 1990). Cultural interpretation of life sets the starting point for people that forms basis of their thinking, values and philosophy, eventually deciding the role they would play in every conflict and their outcome they come across. It is the cultural orientation that makes societies disciplined or diffused, generalized or specific, value oriented or bohemian, and cooperative or isolated (Carbaugh, 1990). Hence cultural conflict resolution ultimately depends on the depth of understanding attained through interaction. Intercultural differences are very real forces in an environment where multiple cultures are interacting and coordinating on day to day basis. From my learning and observation the nature intercultural differences and their consequences on organizational and group efficiency, these differences can be resolved by taking a more comprehensive, collective and adaptive view of situation, that includes our own cultural vulnerabilities when placed in an unfamiliar social structure. As the workshop trainings and experience has demonstrated, it is very important to know the cultural background of people with whom we interact, fully understand the points where our mutual cultural understanding differ and recognize where they converge. Finally we should also develop a mutual sense of regard and appreciation for our combined cultural diversity. One of the revealing experiences that I have undergone relates to issue of timeliness. While in western culture, schedules are strictly followed and meetings start exactly on designated time, it is normal in many cultures to digress in time by a limited margin. Thus, in a multi-cultured environment, cultural ignorance can lead to conflict on such simple issue of scheduled arrival, while cultural knowledge and understanding would help in ‘looking’ at from other person’s cultural lens. Given the range and depth of cultural impact on overall personal behavior and communication style of people, there are numerous situations where cultural ignorance can directly put people against each other. Hence we should always strive to learn as much about other cultures as possible and continue to update our knowledge. References Burrel, N. A, 1990. Theory and Research in Conflict Management. edit M. Afzalur Rahim editor. Praeger Publishers. :New York Rahim, M. A (2001), Managing Conflict in Organizations. Contributors: M. Afzalur: Quorum Books. Westport, CT Handbook of Conflict Management. (2003) . Jerri Killian ,William J. Pammer Jr. (edits): Marcel Dekker. New York. Womack, D. F, 1990. Theory and Research in Conflict Management. edit M. Afzalur Rahim editor. Praeger Publishers. :New York. Leborn, M. 2003. Culture and Conflict. Accessed online on 17. 11. 2007. http://www. beyondintractability. org/essay/culture_conflict/ Grosse, C. U. 2002. Managing Communication within Virtual Intercultural Teams Business Communication Quarterly, Vol. 65, 2002. Holliday, A. , Hyde, M. ,, Kullman, J. 2004. Intercultural Communication: An Advanced Resource Book; Routledge, Carbaugh, D. 1990 Cultural Communication and Intercultural Contact; Lawrence Erlbaum Associates.

What have we learned from obedience to authority

What have we learned from obedience to authority Within society, obedience to authority is an essential part of human behaviour. Without this behaviour, it would be difficult for society to function properly. Obedience to authority is used during different social settings. Examples of this would be, university lecturers having authority over their students, and parents having authority over their children. Although obedience to authority is essential, it also has issues, which cause conflict within society. Stanley Milgram conducted a series of experiments, raising awareness of how this behaviour is necessary in life, yet how conflicts can lead an obedient to follow a command from a high authority. This can cause an act of cruelty, such as murder on innocent victims. His main reason for conducting these types of experiments was to understand more about the Holocaust, and as a Jew himself, the reason behind why the Nazis caused such destructive behaviour due to obedience. (Benjamin Jr Simpson, 2009). Stanley Milgram (1963), developed a shocking experiment that was set out to look into obedience to authority. Male volunteers took part in an experiment in which they believed they had to shock another participant, (which in fact was an actor) from another room. The volts started at 15, all the way to 450. Every time they answered a question wrong, the volunteer had to give an electric shock. A voice recording of distressing behaviour was played as the voltage increased, making the volunteers believe the other participant (actor) was in serious discomfort. Some of the volunteers felt uncertain about participating further in the experiment, but when the scientific researcher used prods such as please continue, and it is absolutely essential for you to go on (Stanley Milgram, 1963, p 374), the majority of the volunteers would obey his commands, and proceed further. Although a few volunteers refused to participate once hearing the distressing behaviour on the tape recording, 65% of the volunteers continued to the end of the experiment. This obedience experiment has had a huge impact on ethical, personality and social psychology issues within scientific research and society. Milgrams (1963) experiment, has been proven to be one of the most influential of scientific research (Benjamin Jr Simpson, 2009), but it has also caused a lot of controversy on the grounds of ethical issues. Milgrams (1963) article expresses how his participants were subjected to extremely distressing behaviour throughout the experiment, such as trembling and stuttering (p.375). Diana Baumrind (1964) critised Milgrams experiment due to the lack of involvement of ethics, deception and informed consent. She explained that this behaviour experienced by the participants could lead to other future issues, such as the inability to trust anyone, low self-esteem/image and possible psychological harm. In Milgrams 1964 article (as citied in Benjamin Jr Simpson, 2009), he argued Baumrinds criticism by gathering data from his experiment, that provided high percentages of what people thought of the experiment, for example, they learnt a lot, and that more types of these experiments should be do ne in the future. The participants were also debriefed after the experiment, to make sure that the volunteers had not been subjected to potential harm. (Milgram, 1963). Milgrams obedience studies have had a huge impact on scientific research, so much, so that his experiments are not allowed to be replicated within scientific research. This is due to the changes in ethical guidelines. Many psychologists believe that Milgrams experiments are responsible for these ethical changes (Benjamin Jr Simpson, 2009), in order to protect the participants from potential harm when taking part in any form of scientific research. Although Milgrams obedience studies had an impact on ethics, is also impacted personality within scientific research. It initially focused on looking at internal explanations of individuals personality traits, such as their mood or attitude in which caused their behaviour at the given time of the situation. However, in the 1960s, due to political and social changes, it shifted to situational and environmental explanations. This therefore focused on how an individuals personality differs depending on the situation they are in, instead of just their internal characteristics. (Benjamin Jr Simpson, 2009). During the 1960s, Walter Mischels (as cited in Benjamin Jr Simpson, 2009) studies were the most modern and relevant to this shift from internal to situational explanations, in finding evidence that individuals personality traits had little affect on the outcome of their behaviour. It further developed in the 1970s by introducing the person-by-situation interaction, which looks at how people react or respond given the type of situation they are in, having more of an impact on how scientific research is viewed on the grounds of personality. (Benjamin Jr Simspon, 2009). Another impact on Milgrams studies for scientific research was social psychology. In the 1950s social psychology was studied by examining how different social situations could have an influence on how individuals behaviour changes (Benjamin Jr Simpson, 2009). Asch (as cited in Benjamin Jr and Simpson, 2009), influenced social psychology within Milgrams experiments, due to Aschs work conducted on conformity, which examined the power of a situation. Milgrams studies has also had an influence on further research, such as Zimbardos prison experiment, which examined conformity and also obedience (Zimbardo, as cited in Benjamin Jr and Simpson, 2009). The impact of social psychology has manipulated the way experiments are now conducted within scientific research. Before Milgrams obedience studies, many experiments were conducted in laboratory settings with high experimental realism, therefore not many experiments were conducted within real life settings, thus having a low mundane realism. (Benjamin Jr Simpson, 2009). Due to his studies, there has been a shift in how research is conducted, and there has also been changes in IRB rules and regulations, therefore allowing more experiments to be examined in real life settings, rather than laboratory settings. In laboratory settings, individuals are likely to follow researchers orders, due to believing they are of a higher authority. In addition, what they are wearing could have an influence on their behaviour, such as wearing a white lab coat. By conducting these experiments in real life settings, the research findings will have a higher ecological validity than of those in laboratory settings. (Benjamin Jr Simpson, 2009). Milgrams studies have also affected society. During the Holocaust, the Nazis said they were not responsible for the killings and destruct they caused as they were just following orders (Benjamin Jr Simspon, 2009). In March, 2010, a French game show replicated Milgrams experiment called the Game of Death (Chazan, 2010). This proved that 80% of participants continued to the end of the game, due to pressure off the audience members and commands from the presenter. Due to ethical issues from Milgrams studies, individuals are now aware of their human rights, and entitlements in life, for instance, choice of medical treatment. So, why do people still obey in society? As children we are learnt to obey from our parents and not disobey, therefore making it easier to obey someone of a high authority. This impacts personality and social psychology, as it suggests that the power of the situation is more likely to have an influence on an individuals change in behaviour. The impact on personality within society is manipulated dependent upon the situation, and not due to personality traits from upbringing. Having a structured situation, for example, hospitals, there is less likely to be changes in personality due to feeling safe, as the doctor is of high authority and can be trusted, than of unstructured situation such as the game show. (Benjamin Jr Simpson). People of high authority are aware of their influence within society, and are therefore not allowed to influence individuals, but who is believed to be of high authority? Milgrams studies were conducted in lab settings, thus proving he is of high authority, but in the game show the high authority seems to be the audience and presenter, suggesting the power of the situation impacts individuals behaviour. In conclusion, due to the impact of ethical, personality and social psychology within scientific research and society, Milgrams studies seemed to have more of an effect on scientists than members of society. Due to huge concerns on how he conducted his experiment, many things have been changed on the grounds of ethical issues, in order to protect participants. Also due to the nature of his experiment, it cannot be replicated, meaning further research on obedience is not allowed to be conducted. Even though Milgrams experiment has had an influence on these scientific changes, it has not seemed to have much of an influence on society. This is because people are still obeying orders off people they believe to be of a higher authority, for example, terrorist attacks, and people in the war, where acts of cruelty is caused, therefore thousands of innocent victims are dying.

ABCs of Black and Blue :: Free Essay Writer

â€Å"The ABC’s of ‘Black and Blue’†   Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"Black and Blue† was one of Armstrong’s greatest hits, it is hard to believe that a remade song could rank so high on his greatest. Armstrong had a unique way of taking a song that had already been published and making into his own work of art. â€Å"Black and Blue† is a song that can have a few different meanings depending on the way you look at it. â€Å"Black and Blue† can be described as abstract, bruised, and colorful. Armstrong was the greatest artist of his time and he shows us this in the ways he could take songs, manipulate them and make them his own. â€Å"Black and Blue† could be one of the best examples of this. The fact that Armstrong’s version of â€Å"Black and Blue† is more popular than the original version has a lot to say about his abilities.   Ã‚  Ã‚  Ã‚  Ã‚  Abstract: consider theoretically or separately from something else, make a written summary of, a summary of a book or article, an abstract work of art. Armstrong was a great musician of his time and a musician is an artist. Therefor his works (songs) are considered art work. To many people of his time this art that he made may have seemed off the beaten path. To many this may have seemed abstract. He had a presence that would radiate through an audience manly from the way he held himself on stage, and compared to the many other performers of the time this was different from anyone else. The way Armstrong took this song, â€Å"Black and Blue,† from its original version, sung by Edith Wilson, and manipulated it to what it is now, could be said to be an abstract work of art. He had the raw talent to take a song and change it into something known as an Armstrong song, not a remake. â€Å"Black and Blue† was a song that was originally made to be sung by a woman, some how he pulled it off. The manor in which Armstrong preformed on stages may have been too soon for his time, meaning that the people may not have been ready for what he had to give them, but this may have also been perceived as abstract. An Armstrong performance was different from what everyone was used to seeing, he stepped out on his own and made it work, the fact that he was different and now accepted by many made him and his work abstract. ABCs of Black and Blue :: Free Essay Writer â€Å"The ABC’s of ‘Black and Blue’†   Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"Black and Blue† was one of Armstrong’s greatest hits, it is hard to believe that a remade song could rank so high on his greatest. Armstrong had a unique way of taking a song that had already been published and making into his own work of art. â€Å"Black and Blue† is a song that can have a few different meanings depending on the way you look at it. â€Å"Black and Blue† can be described as abstract, bruised, and colorful. Armstrong was the greatest artist of his time and he shows us this in the ways he could take songs, manipulate them and make them his own. â€Å"Black and Blue† could be one of the best examples of this. The fact that Armstrong’s version of â€Å"Black and Blue† is more popular than the original version has a lot to say about his abilities.   Ã‚  Ã‚  Ã‚  Ã‚  Abstract: consider theoretically or separately from something else, make a written summary of, a summary of a book or article, an abstract work of art. Armstrong was a great musician of his time and a musician is an artist. Therefor his works (songs) are considered art work. To many people of his time this art that he made may have seemed off the beaten path. To many this may have seemed abstract. He had a presence that would radiate through an audience manly from the way he held himself on stage, and compared to the many other performers of the time this was different from anyone else. The way Armstrong took this song, â€Å"Black and Blue,† from its original version, sung by Edith Wilson, and manipulated it to what it is now, could be said to be an abstract work of art. He had the raw talent to take a song and change it into something known as an Armstrong song, not a remake. â€Å"Black and Blue† was a song that was originally made to be sung by a woman, some how he pulled it off. The manor in which Armstrong preformed on stages may have been too soon for his time, meaning that the people may not have been ready for what he had to give them, but this may have also been perceived as abstract. An Armstrong performance was different from what everyone was used to seeing, he stepped out on his own and made it work, the fact that he was different and now accepted by many made him and his work abstract.

Essays --

An electromagnet is a magnet that is powered by electricity. Electromagnetism can be found in our daily lives. Driving to school or work? An electromagnet can be found in the cars’ engine. Hungry and want a snack? Electromagnets can be found in blenders, microwaves, ovens, toasters, toaster ovens, dishwashers, and electric can openers. Need to do your hair? Hair dryers, straighteners, and curling irons all have electromagnets in them. Electromagnets can also be found in junk yards on the cranes that pick up cars, electric bells, loudspeakers, tape recorders, VCRs, hard disks, particle accelerators, magnetic locks, drills, speakers, radios, microphones, doorbells, trains, generators, relays, and sorting out metal in junk yards. The electromagnet is a very useful item and can range too many different power levels. Electromagnetism is the magnetic force produced by an electric current. Electromagnetism is very useful, but also harmful. Everything is made of matter, and matter is made of atoms. Inside and atoms nucleus, there are protons. Protons have a positive charge in them. Electrons can be found right outside of the nucleus and they hold a negative charge. As atoms’ electrons break free of the original atom, they jump to another atom to another. This jumping causes a flow of electricity. There approximately 121 protons per inch and 121 electrons per inch. When measuring the different kinds of electromagnetic units, you should use ampere (electric current), coulomb (electric charge), farad (capacitance), henry (inductance), ohm (resistance), volt (electric potential), and watt (power). An electromagnet is made from a magnet, a battery, an iron core such as nail or bolt, coated copper wire, and wire strippers. You can make a si... ...’ route, then it could put many lives in danger, but the train does have onboard batteries that will bring the train down to a slow stop. The cost of these giants is approximately $8.5 billion dollars. This is because new guideways would have to be built since the new technology cannot run on the old rails. Also, many people have concerns over snowstorms. Even if there was a layer of snow on the track, the train would be able to levitate right over it or the snow would be blown away due to the wind underneath the train. If there is enough snow that the Maglev trains cannot operate, then snow removers will come out and plow the snow off the tracks. Finally, since the Maglev trains are extremely heavy (the Transrapid TRO7 weighs in at 45 tons) they need an exceptionally strong electromagnetic field to match. This uses a lot of energy and that can get awfully expensive. Essays -- An electromagnet is a magnet that is powered by electricity. Electromagnetism can be found in our daily lives. Driving to school or work? An electromagnet can be found in the cars’ engine. Hungry and want a snack? Electromagnets can be found in blenders, microwaves, ovens, toasters, toaster ovens, dishwashers, and electric can openers. Need to do your hair? Hair dryers, straighteners, and curling irons all have electromagnets in them. Electromagnets can also be found in junk yards on the cranes that pick up cars, electric bells, loudspeakers, tape recorders, VCRs, hard disks, particle accelerators, magnetic locks, drills, speakers, radios, microphones, doorbells, trains, generators, relays, and sorting out metal in junk yards. The electromagnet is a very useful item and can range too many different power levels. Electromagnetism is the magnetic force produced by an electric current. Electromagnetism is very useful, but also harmful. Everything is made of matter, and matter is made of atoms. Inside and atoms nucleus, there are protons. Protons have a positive charge in them. Electrons can be found right outside of the nucleus and they hold a negative charge. As atoms’ electrons break free of the original atom, they jump to another atom to another. This jumping causes a flow of electricity. There approximately 121 protons per inch and 121 electrons per inch. When measuring the different kinds of electromagnetic units, you should use ampere (electric current), coulomb (electric charge), farad (capacitance), henry (inductance), ohm (resistance), volt (electric potential), and watt (power). An electromagnet is made from a magnet, a battery, an iron core such as nail or bolt, coated copper wire, and wire strippers. You can make a si... ...’ route, then it could put many lives in danger, but the train does have onboard batteries that will bring the train down to a slow stop. The cost of these giants is approximately $8.5 billion dollars. This is because new guideways would have to be built since the new technology cannot run on the old rails. Also, many people have concerns over snowstorms. Even if there was a layer of snow on the track, the train would be able to levitate right over it or the snow would be blown away due to the wind underneath the train. If there is enough snow that the Maglev trains cannot operate, then snow removers will come out and plow the snow off the tracks. Finally, since the Maglev trains are extremely heavy (the Transrapid TRO7 weighs in at 45 tons) they need an exceptionally strong electromagnetic field to match. This uses a lot of energy and that can get awfully expensive.

J.d. Salinger Essay -- essays research papers

Born on January 1, 1919, Jerome David Salinger was to become one of America’s greatest contemporary authors. In 1938 Salinger briefly attended Ursinus College in Pennsylvania where he wrote a column, "Skipped Diploma," which featured movie reviews for his college newspaper. Salinger made his writing debut when he published his first short story, "The Young Folks," in Whit Burnett’s Story magazine (French, xiii). He was paid only twenty-five dollars. In 1939, at the age of 20, Salinger had not acquired any readers. He later enrolled in a creative writing class at Columbia University. Salinger was very much interested in becoming an actor and a playwright, which was quite odd because he would later in life become a recluse (Wenke, 3). Salinger adjusted his writing style to fit the literary marketplace. He was writing for money and began writing for magazines like Good Housekeeping and Mademoiselle. Many of Salinger’s characters have unique chara cter traits. "Salinger presents a number of stories that consider characters who become involved in degrading, often phony social contexts," states a major critic (Wenke, 7). These characters are often young and have experienced a lot of emotional turmoil. They have been rejected by society and mainly categorized as "misfits." This alienation of the personality is often viewed as a sign of weakness by society when in fact the outcasts ultimately gain strength from their experiences as shown in Nine Stories, The Catcher in the Rye, and Franny and Zooey. Salinger is telling a tale of the human condition in its reality through his novels. Nine Stories is a collection of short stories of people who are uncertain of the next path to take in life. They are lonely, needy, and searching for love. One of these stories, "A Perfect Day for Bananafish," is the story of a young couple who try to understand their life together and the true meaning of love. Seymour Gl ass has just been released from the Army Hospital and he is unable to adjust to life with his "crass wife Muriel amidst the lavish and vulgar atmosphere of their post-war second honeymoon" (Gwynn & Blotner, 19). It has often been called "the loveless tunnel of love." Salinger portrays Muriel in the first part of the story as superficial. ... ...at lead us to believe that life has leading characters and minor characters, important details and unimportant details, beginnings, middles, ends" (Bryfonski, 521). Many critics acclaim that Nine Stories and The Catcher in The Rye are Salinger’s most famous and important works (Bryfonski, 521). The Glass family saga starting in Nine Stories and continuing in and ending in Franny and Zooey shows how the lack of love and the influence of society can lead to destruction unless you find enough inner strength to rise above it. Many of Salinger’s characters are connected to other fictional characters by other authors. In The Catcher in The Rye, the young Holden Caulfield is compared by critics to Huckleberry Finn: He has a colloquialism as marked as Huck’s†¦Like Huck, Holden is neither comical or misanthrope. He is an observer. Unlike Huck, he makes judgements by the dozen, but these are not to be taken seriously; they are concepts (Lomazoff, 7). Holden i s also compared to Hamlet but to a lesser degree; they are both not totally in the minds. The majority of Salinger’s characters learn from being alienated. Through learning this one aspect, they gain strength from it to move on.