Siddhartha: Overcoming Misfortunes Of The Past :: essays research papers

Siddhartha: Overcoming Misfortunes of the Past On page 132 we read "Everything that was not suffered to the end and finally concluded, recurred, and the same sorrows were undergone." What does this mean in regards to Siddhartha and any other of the characters in Hesse's story? Do you agree with this statement? Explain. This quote is taken from the context of when Siddhartha is crossing the river and he sees his reflection and it looks like his father. This quote refers to a repeating of events. It is illustrated by Brahmin being separated from Siddhartha and Siddhartha being separated from his own son. This parallels the quote in three ways. Taken literally it identifies the â€Å"father-like-son† aspect of the situation. It can be taken as a metaphor for the endlessness of time as well. Taken out of context, this quote identifies that anything that is not followed or completely worked through will continue to exist and it will repeat itself. Siddhartha left his father, Brahmin, at a young age to join the ascetics. Siddhartha is now considering the pain his father must have gone through not seeing his son again. Siddhartha's son, too, was separated from his father. Without dealing with this situation, the distance between father and son would never be reconciled. Thus the situation Siddhartha had with Brahmin would be repeated. The quote can also be interpreted as a metaphor for time. Obvious recurrences can be noted in time, suggesting that time repeats itself. Instead of a river, another symbol can be used for time, perhaps a pool. According to this quote, things repeat themselves in time. In a pool objects float around until they finally make their way to the outlet. Events swirling around in time without reconciliation are â€Å"trapped† until they are dealt with. The entire pool makes up all that time is. All the experiences and thoughts of past, present, and future that have not been dismissed all contribute to the whole of time. If the quote stood alone, without the context of Siddhartha's reflections on his father and his son, it would state that anything that isn't finished through completion would forever hang in the cloud of time. â€Å"Every thing that has not suffered to the end...† If something is not carried on to completion, it will repeat itself until the initiative is taken to finish it. â€Å" ...recurred, and the same sorrows were undergone.† I can identify with this quote because at time I am prone to over committal. I will devote myself to too many things and I cannot physically complete them all.

Rustico and Alibech

Rustico and Alibech by Giovanni Boccaccio I tried to find a better picture, or at least the more decent one. But Rustico and Alibech is just a short story piece of literary by Giovanni Boccaccio, and the fact that it was written ages ago, it would seem impossible to leastwise find a good cover. Anyway, I wouldn’t be doing the reflection about its looks but of course, by its content. I am really wondering why my literature professor loves to give us erotic pieces to read. Just like this schtick.It is misleading. I was reading the first part of this essay with Kath and we were both so frantic in fully understanding the essence of the piece- not just because of the words per se, but because of the author’s interpretations of things such as heaven, devil and hell. The whole story technically revolved around an innocent lass, who was in search for ways to honor God through clergy. She wandered in solitude at the woods of Thebais when she found this pious monk named Rustico.I f you are going to ask me what kind of remembrance it has given me, I’d say that it was when Rustico taught Alibech how to put the deivil inside hell for the first time. Guys, it means sex. And it didn’t just end after that. They had a bunch of that.. and that.. and that†¦ But in all those times, Alibech thought that it was still a part of her ministry because Rustico explained to her that whenever they put the devil inside hell, God is pleased. His head is pleased.There was also a time when Alibech no longer enjoy much of it because you know, you know. HAHAHA! But then, my favorite part was when Alibech was forced to go home by I-don’t-remember-his-name-anymore to marry him. I don’t wanna detail it much, you see. However, when some people asked about her experiences as a hermit, She’d proudly story tell all of it. And then people would laugh because it also happens there- not including of course, the foolishness she abode.

NVQ Business studies - 1456 Words

OCR Business and Administration NVQ (QCF) UNIT 203 Title Work in a business environment Level 2 Credit 2 1.1 Describe what is meant by diversity and why it should be valued? Diversity should be respected and valued, because nobody is completely the same as anyone else. It is everywhere in our lives which makes rich and varied. In our lives diversity can be defined as differences in heritage, race, beliefs, customs, mental capabilities, physical appearances etc. It should be valued because no one is completely the same as anyone else, even within the above categories. If diversity is not valued then it can lead to violence and hatred. People tend to reject what is different. Our differences/diversities can lead to†¦show more content†¦If diversity is not valued then it can lead to violence and hatred. People tend to reject what is different. Our differences/diversities can lead to growth as a society or it can lead to violence and hatred. We must value our diversity in order to work together for the common good of our society/world. ï » ¿OCR Business and Administration NVQ (QCF) UNIT 203 Title Work in a business environment Level 2 Credit 2 1.1 Describe what is meant by diversity and why it should be valued? Diversity should be respected and valued, because nobody is completely the same as anyone else. It is everywhere in our lives which makes rich and varied. In our lives diversity can be defined as differences in heritage, race, beliefs, customs, mental capabilities, physical appearances etc. It should be valued because no one is completely the same as anyone else, even within the above categories. If diversity is not valued then it can lead to violence and hatred. People tend to reject what is different. Our differences/diversities can lead to growth as a society or it can lead to violence and hatred. We must value our diversity in order to work together for the common good of our society/world. ï » ¿OCR Business and Administration NVQ (QCF) UNIT 203 Title Work in a business environment Level 2 Credit 2 1.1 Describe what is meant by diversity and why itShow MoreRelatedCurriculum Assignment Essay2904 Words   |  12 Pagesdelivering Beauty Diplomas, NVQ level 1 and 2 Beauty Therapy courses. All students on the beauty diploma course range between 13 and 14. I teach basic skills to these students which include delivering a mixture of practical and theory activities to cover the outcome of the course. Students on the diploma course generally have no previous qualifications and the course is designed to give students an introduction to beauty therapy with the aim to progress to level 2 NVQ on completion of the diplomaRead MoreNCFE EVIDENCE TRACKING SHEET5458 Words   |  22 PagesNCFE Level 5 NVQ Diploma in Occupational Health and Safety Practice (600/0054/5) Evidence Tracking Sheet Learner name: NCFE Level 5 NVQ Diploma in Occupational Health and Safety Practice (600/0054/5) Evidence Tracking Sheets Tracking your evidence During your course your Assessor will ask you to carry out work either in the classroom, in your workplace or at home which you’ll keep as evidence of your learning. The work you produce (evidence) will be assessed by your Assessor to makeRead MoreUnit 1 Err 2011683 Words   |  9 Pagesexaminations * pensions * retirement age * disciplinary rules * grievance procedures * equal opportunity * lay-offs * restrictions for example, second jobs * delivery of documents * debts and overpayments * training * driving for example, business insurance Pay Slip Information - Name - Date and month - National insurance number - Employee number - Method of payment (BACS) - Department (place of work) - Payments * Gross pay * Total gross pay * Deductions * Pay for tax purposesRead MoreBU130 EMA B218307x Dinesh Gurung5360 Words   |  22 Pagesevidently an effective technique as it maintains time appreciation and resources which aids in the production of positive results. Adapted from TGF Yellow(15/12/2013): (Doran, 1981, p. 35-36)SMART Framework S – I will have respective schedules for studies, work and sports planned out. By doing so, I will be having more time, achieve my set goals with more focus and produce better results too. M – I will reflect daily on my list of schedules and tick them off. If for any reason, I lack behind the scheduleRead More6570 02 L2 NVQ Diploma Qualification Handbook V217554 Words   |  127 PagesQU ALIFICAT ION HAN D B O OK Level 2 NVQ Diploma in Trowel Occupations (Construction) (6570-02) May 2014 Version 2.0 Qualification at a glance Subject area Trowel Occupations (Construction) City Guilds number 6570 Age group approved 16-18,19+ Assessment Portfolio of evidence Support materials Centre handbook Candidate logbook Registration and certification Consult the Walled Garden/Online Catalogue for last dates Title and level Level 2 NVQ Diploma in Trowel Occupations (Construction)Read MoreWala1046 Words   |  5 Pagesrestaurant management might be for you if you like to make important decisions, hire staff and run the day to the day operations of your business. It might sound like fun stuff but it is hard work. As a manager, you will be the first one to arrive and the last one to leave. All responsibility will fall on you. The perks of being in hotel and restaurant management business, however, can be great. As a manager, you are responsible for everything that goes on in your hotel or restaurant. You need to haveRead MoreThe Structure of Education from Early Years to Post-Compulsory Education1082 Words   |  5 Pagesgoverning body which employs the staff and sets the entrance criteria. Land and buildings are owned either by the governing body or by a charitable foundation. Trust schools are similar, but are run together with an outside body – usually a business or charity – which has formed an educational trust. Voluntary aided schools Voluntary-aided schools are religious or faith schools. Just like foundation schools, the governing body employs the staff and sets the entrance criteria. SchoolRead MoreUnit 4016105 Words   |  25 Pagesï » ¿Unit 401 – Understanding the Principles and Practice of Internally Assuring the Quality of Assessment 1.1 Explain the functions of internal quality assurance in learning and development. At Business the functions of internal quality assurance cover a diverse spectrum. However, from the start I must ensure that the candidates are at a level and position to carry out the assignments to meet the criteria involved. I ensure that the employer is involved from the outset and is fully aware of the workRead MoreBtec Business L3 Unit 2 P2/M21456 Words   |  6 Pagescustomer service assistant will be able to listen to the customer and start putting the necessary processes in place to meet their needs at the same time. Also, as customer service assistant you usually will need to deal with more than one aspect of the business, and you will need to be able to operate a number of systems at once. So that’s mean you will need to solve more than one problem at the same time and very quick. | * Importance of employability Employability means the ability of someone toRead MoreUnit 25: Menu Planning and Product Development1006 Words   |  5 Pagesemployees; user patterns and habits; brainstorming of new menu, service or restaurant concept Idea screening and concept testing: elimination of unsound concepts prior to devoting resources; developing and marketing; feasibility; cost; production issues Business analysis: estimated selling price; sales volume; profitability; breakeven point; market testing; technical implementation; launch; advertising and other promotions New product pricing: impact of new product; value analysis (internal amp; external);

GRE to GMAT Conversion How Does Your Score Compare

For more than 60 years, business schools have used Graduate Management Admissions Test (GMAT) scores to compare MBA applicants and decide who will be enrolled in their business programs and who will not. According to the Graduate Management Admissions Council, the organization that administers the GMAT, nine out of 10 global MBA students submit GMAT scores as part of the admissions process. But the GMAT is not the only standardized exam that MBA applicants can take. A growing number of schools are accepting Graduate Record Examination (GRE) scores in addition to GMAT scores. The GRE is commonly used by graduate schools to assess applicant readiness. Currently, there are more than 1,000 business schools around the world accepting GRE scores as part of the MBA admissions process. That number grows every year. Comparing GRE and GMAT Scores Although both admissions exams cover similar domains and utilize many of the same types of questions to assess test-takers, the GMAT and the GRE are scored on different scales. The GRE is scored on a 130-170 scale, and the GMAT is scored on a 200-800 scale. The difference in scoring means you cant make an apples-to-apples comparison between the scores. Sometimes, the best way to compare scaled scores from two different tests is by comparing the percentiles. But this isnt really possible with GMAT scores and GRE scores. The normed populations are different, which means you cant accurately convert and compare percentiles from the two tests. Another issue is the way the scores are used. Unlike the GMAT, the GRE does not provide a total score. The GRE test makers recommend keeping GRE Verbal Reasoning scores and GRE Quantitative Reasoning separate when making admissions decisions. The makers of the GMAT, on the other hand, recommend using the GMAT total score when making admissions decisions. Predicting GMAT Scores Based on GRE Scores Business schools are accustomed to making admissions decisions based on GMAT scores, and many of them prefer to use the context of the GMAT to interpret GRE scores. To make things as easy as possible for business schools, ETS, the makers of the GRE, created a GRE comparison tool that makes it quick and easy for business schools to predict an applicants GMAT score based on scores from the Verbal Reasoning and Quantitative Reasoning sections of the GRE. This makes it much easier for admissions reps to compare candidates who took the GRE with candidates who took the GMAT. The GRE comparison tool uses a multiple linear regression equation to predict total GMAT scores based on GRE General Test scores. The formula is as follows: GMAT Total score -2080.75 6.38*GRE Verbal Reasoning score 10.62*GRE Quantitative Reasoning score This tool also uses regression equations to predict GMAT Verbal and Quantitative scores from the GRE Verbal Reasoning and Quantitative Reasoning scores. The formulas are as follows: GMAT Verbal score -109.49 0.912*GRE Verbal Reasoning scoreGMAT Quantitative score -158.42 1.243*GRE Quantitative Reasoning score Using the GRE Comparison Tool You can use the formulas shown above to convert your GRE score into a GMAT score. However, the GRE comparison tool is the quickest, easiest way to convert your GRE score into a GMAT score. This tool is available on the ETS website and is free to use. You do not have to register on the site, create an account or provide your email address. To use the GRE comparison tool, youll need your GRE Verbal Reasoning score and your GRE Quantitative Reasoning score. Enter those two scores into the provided boxes in the online form. Youll then be provided with several predicted GMAT scores: a GMAT total score, a GMAT Verbal score, and a GMAT quantitative score. GRE and GMAT Comparison Charts You can find a lot of different charts online that can be used to convert and compare GRE and GMAT scores. These charts are easy to use, but they are not always entirely accurate. If a chart was the most appropriate way to convert the scores, the ETS would provide a simple chart. To get the most accurate conversion and comparison, you need to use the GRE comparison tool. And since this is the tool that business schools will be using to convert and compare scores, you can be confident in the accuracy of the tool. Youll be seeing the same predicted GMAT score that the business school sees when they review your application.

Ethical Leadership Decision-Making Process Class Notes...

SSD 3 – Module 1 Notes Mod 1 - Apply Ethical Leadership Decision Making Process: ï  ¶ 3 Perspectives: †¢ Virtues – Desirable Qualities – Courage, justice, compassion †¢ Principals – Authoritative – Army Values †¢ Consequences – greatest good, greatest number of people ï  ¶ Ethical reasoning – informal process – integral ï  ¶ Army Problem Solving: 1. Form of decision making. 2. Is a systematic approach to define a problem, develop possible solutions to solve the problem, arriving at the best solution, implementing the best solution. 3. Solve near-term problems, form the basis for long-term success. ï  ¶ Army Seven Step Problem Solving Model: 1. ID the problem – WWWWW 2. Gather information – Facts, Assumptions, Interest 3. Develop†¦show more content†¦Scheduled and id on annual training calendar b. Represents a snapshot of here and now c. Established beginning and conducting parameters d. Consideration of availability of unit personnel ï  ¶ Analyze the assessment cycle: 1. Survey/assess your command 2. ID key areas of concern 3. Agree to actions 4. Implement the plan 5. Reassess ï  ¶ There are 21 areas on the command climate survey. ï  ¶ Calculate the results of the survey: 1. Record the individual response 2. Record the number of responses 3. Add the numbers of responses 4. Divided the number ï  ¶ ID consideration of other (CO2) training: ï  ¶ 8 Key areas 1. Ethical development 2. American military heritage 3. Quality individual leadership 4. Team building 5. Equal opportunity 6. Gender issues 7. Family concerns 8. Health, safety, and drug alcohol abuse ï  ¶ Other training tools: 1. ECAS 2. UCP 3. TDS 4. GOQ 5. DEOCS Mod 1 – Full Spectrum Operations: ï  ¶ Effective training is the cornerstone of operational success. ï  ¶ 7 Training Principles: 1. Commander and other leaders are responsible for training. 2. NCOs train individuals, crews, and small teams. 3. Train as you will fight. 4. Train to standard. 5. Train to sustain. 6. Conduct multiechelon and concurrent training. 7. Train to develop agile leaders and organizations. ï  ¶ The foundations of army training are discipline, principles, and training support. 1. Discipline – good commanders and leadersShow MoreRelatedRoles And Responsibilities Of An Educational Leader1628 Words   |  7 Pagesinto the students. teachers, parents, administrators, students and community members must be in sequence when it comes to student achievement. The school holds PTO meetings, Faculty meetings, CFIP meetings and content are held in order to review the process for student achievement and to garner new ways of bringing about student achievement. The school and the community must band together in order to instill the values into their children. Raising money, tutoring outside of the school, parent involvementRead MoreEssay on Business Ethics and dilemma632 Words   |  3 PagesPrepare a 3- to 5-page paper titled,  Corporate Social Responsibility. 3. Reflect upon your text readings from Chapters 1 and 9 with a focus on the following core concepts: Organizational Social Responsibility (Chapters 1 and 9) The Ethical Decision-making Process (Chapter 1) Corporate Reputation (Chapter 9) The Corporate Social Responsibility Pyramid (Chapter 9) The Importance of Trust (Chapter 9) The Pyramid of Corporate Social Responsibility (article by Carroll and Chapter 9) 4. Read  TheRead MoreEthics Is The Application Of Ethics934 Words   |  4 Pageswhen written many years ago. My research revealed an overwhelming number of ethical dilemmas, theories, and solutions. With such diverse information, and vast disparities, one might wonder, as did I, how to effectively create a safety-first culture that also embraces ethical integrity. By putting my thoughts, notes, and article reviews into an essay format, I will attempt to clear the muddied waters relating to ethical dilemmas, behaviors, and environments as they relate to not only companies,Read MoreThe Importance Of Benefits Of Skills- Based Volunteering Essay1436 Words   |  6 Pagesis the ability to build leadership skills. During a student’s college career, leadership development is taught through a traditional classroom setting, which teaching what are crucial leadership skills and what theories are out there. With only 25 College of Business registered student organizations, there is also a limited number of ways to gain leadership positions in the College of Business. Therefore, there is only a limited number of ways to practice essential leadership skills. 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Stakeholders determine fairness of distribution through comparison of others. If all members within a class or group are receiving the same amount of benefit for their contributions, the organization is perceived to be fair. Individuals are more likely to sacrifice on behalf of the collective group if they believe the organization is fair and just (Schminke et al., 1997). Conversely, if benefits are not distributed equally within the class, individualsRead MorePurpose And Understanding Of An Authentic Servant Leader1618 Words   |  7 PagesAuthenticity During an initial class with adult learners, I ask them to share a crucible moment, focusing on a time of pressure, severe test or situation that changed their thinking or the direction of their lives. The purpose and understanding of reflection is important in instruction. Authentic leaders have a clear understanding of who they are and they lead from their core values (Northouse, 2016). In discovering my core values by following my internal leading in becoming an authentic servantRead MoreEssay about Oi Week 31155 Words   |  5 PagesDesign and Creativity. 08/01 Reading Read Ch. 15 of Managing Innovation, Design and Creativity. 08/01 Reading Read Ch. 24 of Managing Innovation, Design and Creativity. 08/01 08/01 4 08/01 5 Week Three: Creativity for Innovative Decision Making Details Due Points Reading Read Ch. 1 of Creative Intelligence. 08/08 Reading Read Ch. 2 of Creative Intelligence. 08/08 Reading Read the Preface of The Power of Impossible Thinking. 08/08 Reading Read the Introduction of The Power of

Complex and Dynamic Business World Free Essays

â€Å"The business world has become more complex and more dynamic. Planning tools are designed for stable environments. Therefore, planning should be abandoned. We will write a custom essay sample on Complex and Dynamic Business World or any similar topic only for you Order Now Please, comment on this statement. † 1035 Words 2 I. Introduction In today’s increasingly dynamic and complex business world, it is important to decide whether to use and trust in planning tools or if one should abandon them because they are made for more stable environments. This essay will give an overview of the planning tools and techniques that exist for assessing the environment. It will discuss the use of planning tools in a complex and dynamic business world. The statement that planning should be abandoned in a complex and dynamic business world will be discussed in the following. II. Main Body â€Å"A plan describes the chosen solution to a problem and lists what has to be done to achieve the goal† (Landau, 2012). We can categorize planning into three parts. During the first part goals have to be defined. In the second part the corresponding strategies have to be established. The third part focuses on finalising the plans. â€Å"Managers use planning tools and techniques to help their organizations be more efficient and effective. (Robbins Coulter, 2009) In a volatile and dynamic environment managers should not rely on planning. They should use planning as an indicator of what could potentially happen in the future and consequently try to restructure their organization in order to cope with market uncertainty. To do so, the managerial establishment has developed several techniques. One technique to assess the business environmen t is environmental scanning, which fundamentally consists of competitor intelligence and global scanning. Environmental scanning helps to foresee and decode changes in the environment via screening a lot of information. By applying this technique organizations are more likely to predict issues and concerns that could affect their current or planned activities right. Research results show that organizations that use this technique have a higher performance (according to Robbins Coulter, 2011, pp. 276f. ). One part of the environmental scanning is competitor intelligence. In this process organizations gather information concerning their competitors. The information will be compiled by asking questions about their competitors such as â€Å"Who are they? †, â€Å"What are they doing? and â€Å"How will what they are doing affect us? †. 3 â€Å"Competitor intelligence experts suggest that 80 percent of what managers need to know about competitors can be found out from their own employees, suppliers, and customers. † (Robbins Coulter, 2011, p. 277) Although this statistic indicates that collecting competitor intelligence can be achieved through the utilization of an organisationâ⠂¬â„¢s extended network, competitor intelligence can be seen as a problematic subject as it often features a fine line between ethical and unethical. Another part of environmental scanning is global scanning, which is important for organizations with global activities. In a complex and dynamic environment managers broaden their view to gather global information. â€Å"For instance, they can subscribe to information clipping services that review world newspapers and business periodicals and provide summaries of desired information (Robbins Coulter, 2011, p. 277). One can say that this technique is very suitable for an unstable and dynamic environment, because it helps to foresee the environment and consequentially helps to realign, if necessary, the organizational goals and plans. On the other hand, gathered information can be interpreted wrongly, which can trigger a chain-reaction from wrong forcasting to wrong goals and plans. A second technique to evaluate the environment is forecasting. Forecasting is a prediction of outcomes, which will help to identify events that will happen in the future. The common consent about this method is that is effective and time efficient. The ultimate goal of forecasting is to facilitate decision making through gathering information. There are two different forecasting techniques. One is quantitative forecasting, which is preferred when sufficient and hard data is given. It is based on historical data and tries to predict outcomes. The other one is qualitative forecasting, which uses personal judgment and knowledge to predict outcomes. This technique is used when hard data is limited or hard to gather. â€Å"First, it’s important to understand that forecasting techniques are most accurate when the environment is not rapidly changing. The more dynamic the environment, the more likely managers are to forecast ineffectively. † (Robbins Coulter, 2011, p. 79) 4 However, forecasting lacks the ability to effectively predict events like recessions or the actions of competitors. That leads to the assumption that organizations shouldn’t rely on a single forecasting method, but should use several models to be on the safer side. But the challenge for managers is to interpret and then implement the information into the planning decisions. Finally orga nizations must remember that forecasting, as a marginal skill, can be trained and improved. A third technique to assess the environment is benchmarking. Benchmarking is a tool to improve an organizations performance by adapting outstanding practices from the top organizations within the environment. Studies verify the statement, â€Å"that users have achieved 69 percent faster growth and 45 percent greater productivity† (Robbins Coulter, 2011, p. 279) when using benchmarking. Benchmarking can be seen as a four step approach. It starts with the forming of a benchmarking planning team. The second step continues with the gathering of information and external data. Thirdly, when all data is gathered the analysis to identify performance gaps takes place. The last step is the preparing and implementing of an action plan. (Based on Y. K. Shetty, â€Å"Aiming high: Competitive Benchmarking for Superior Performance,† Long Range Planning, February 1993, p. 42) Managers use benchmarking as a tool to approach the leading position of their competitors without overtaking them. And if all organizations work inefficiently it won’t be revealed. So this technique should not be followed in a dynamic environment, because it increases the likelihood that a manager will ‘copy’ the mistakes others make. So one can say â€Å"Plans serve as a road map, although the destination may change due to dynamic market conditions† (Robbins Coulter, 2009, p. 170). III. Conclusion To sum up, one can say that planning is very helpful and necessary but it can be misleading. No matter how many planning tools managers use, they can only plan effectively if they understand how planning in dynamic environment works. They have to keep in mind that planning should only be used as an indicator of what could potentially happen in the future. I believe that planning should not be abandoned, but improved. 5 IV. References Robbins Coulter, S. P. R. M. C. , (2009). ‘Planning’. In: Pearson International Edition (ed), Management. 10th ed. New Jersey: Pearson Education, Inc.. pp. (133-174). Robbins Coulter, S. P. R. M. C. , (2011). ‘Planning’. In: Pearson Global Edition (ed), Management. 11th ed. : Pearson Education, Inc.. pp. (204-276). Prof. Dr. Christian Landau, Principles of Management, 24. Sep. 2012 (Session 2), EBS Universitat fur Wirtschaft und Recht, Oestrich-Winkel How to cite Complex and Dynamic Business World, Papers Complex and Dynamic Business World Free Essays â€Å"The business world has become more complex and more dynamic. Planning tools are designed for stable environments. Therefore, planning should be abandoned. We will write a custom essay sample on Complex and Dynamic Business World or any similar topic only for you Order Now Please, comment on this statement. † 1035 Words 2 I. Introduction In today’s increasingly dynamic and complex business world, it is important to decide whether to use and trust in planning tools or if one should abandon them because they are made for more stable environments. This essay will give an overview of the planning tools and techniques that exist for assessing the environment. It will discuss the use of planning tools in a complex and dynamic business world. The statement that planning should be abandoned in a complex and dynamic business world will be discussed in the following. II. Main Body â€Å"A plan describes the chosen solution to a problem and lists what has to be done to achieve the goal† (Landau, 2012). We can categorize planning into three parts. During the first part goals have to be defined. In the second part the corresponding strategies have to be established. The third part focuses on finalising the plans. â€Å"Managers use planning tools and techniques to help their organizations be more efficient and effective. (Robbins Coulter, 2009) In a volatile and dynamic environment managers should not rely on planning. They should use planning as an indicator of what could potentially happen in the future and consequently try to restructure their organization in order to cope with market uncertainty. To do so, the managerial establishment has developed several techniques. One technique to assess the business environmen t is environmental scanning, which fundamentally consists of competitor intelligence and global scanning. Environmental scanning helps to foresee and decode changes in the environment via screening a lot of information. By applying this technique organizations are more likely to predict issues and concerns that could affect their current or planned activities right. Research results show that organizations that use this technique have a higher performance (according to Robbins Coulter, 2011, pp. 276f. ). One part of the environmental scanning is competitor intelligence. In this process organizations gather information concerning their competitors. The information will be compiled by asking questions about their competitors such as â€Å"Who are they? †, â€Å"What are they doing? and â€Å"How will what they are doing affect us? †. 3 â€Å"Competitor intelligence experts suggest that 80 percent of what managers need to know about competitors can be found out from their own employees, suppliers, and customers. † (Robbins Coulter, 2011, p. 277) Although this statistic indicates that collecting competitor intelligence can be achieved through the utilization of an organisationâ⠂¬â„¢s extended network, competitor intelligence can be seen as a problematic subject as it often features a fine line between ethical and unethical. Another part of environmental scanning is global scanning, which is important for organizations with global activities. In a complex and dynamic environment managers broaden their view to gather global information. â€Å"For instance, they can subscribe to information clipping services that review world newspapers and business periodicals and provide summaries of desired information (Robbins Coulter, 2011, p. 277). One can say that this technique is very suitable for an unstable and dynamic environment, because it helps to foresee the environment and consequentially helps to realign, if necessary, the organizational goals and plans. On the other hand, gathered information can be interpreted wrongly, which can trigger a chain-reaction from wrong forcasting to wrong goals and plans. A second technique to evaluate the environment is forecasting. Forecasting is a prediction of outcomes, which will help to identify events that will happen in the future. The common consent about this method is that is effective and time efficient. The ultimate goal of forecasting is to facilitate decision making through gathering information. There are two different forecasting techniques. One is quantitative forecasting, which is preferred when sufficient and hard data is given. It is based on historical data and tries to predict outcomes. The other one is qualitative forecasting, which uses personal judgment and knowledge to predict outcomes. This technique is used when hard data is limited or hard to gather. â€Å"First, it’s important to understand that forecasting techniques are most accurate when the environment is not rapidly changing. The more dynamic the environment, the more likely managers are to forecast ineffectively. † (Robbins Coulter, 2011, p. 79) 4 However, forecasting lacks the ability to effectively predict events like recessions or the actions of competitors. That leads to the assumption that organizations shouldn’t rely on a single forecasting method, but should use several models to be on the safer side. But the challenge for managers is to interpret and then implement the information into the planning decisions. Finally orga nizations must remember that forecasting, as a marginal skill, can be trained and improved. A third technique to assess the environment is benchmarking. Benchmarking is a tool to improve an organizations performance by adapting outstanding practices from the top organizations within the environment. Studies verify the statement, â€Å"that users have achieved 69 percent faster growth and 45 percent greater productivity† (Robbins Coulter, 2011, p. 279) when using benchmarking. Benchmarking can be seen as a four step approach. It starts with the forming of a benchmarking planning team. The second step continues with the gathering of information and external data. Thirdly, when all data is gathered the analysis to identify performance gaps takes place. The last step is the preparing and implementing of an action plan. (Based on Y. K. Shetty, â€Å"Aiming high: Competitive Benchmarking for Superior Performance,† Long Range Planning, February 1993, p. 42) Managers use benchmarking as a tool to approach the leading position of their competitors without overtaking them. And if all organizations work inefficiently it won’t be revealed. So this technique should not be followed in a dynamic environment, because it increases the likelihood that a manager will ‘copy’ the mistakes others make. So one can say â€Å"Plans serve as a road map, although the destination may change due to dynamic market conditions† (Robbins Coulter, 2009, p. 170). III. Conclusion To sum up, one can say that planning is very helpful and necessary but it can be misleading. No matter how many planning tools managers use, they can only plan effectively if they understand how planning in dynamic environment works. They have to keep in mind that planning should only be used as an indicator of what could potentially happen in the future. I believe that planning should not be abandoned, but improved. 5 IV. References Robbins Coulter, S. P. R. M. C. , (2009). ‘Planning’. In: Pearson International Edition (ed), Management. 10th ed. New Jersey: Pearson Education, Inc.. pp. (133-174). Robbins Coulter, S. P. R. M. C. , (2011). ‘Planning’. In: Pearson Global Edition (ed), Management. 11th ed. : Pearson Education, Inc.. pp. (204-276). Prof. Dr. Christian Landau, Principles of Management, 24. Sep. 2012 (Session 2), EBS Universitat fur Wirtschaft und Recht, Oestrich-Winkel How to cite Complex and Dynamic Business World, Essay examples

Demand and supply for eggs free essay sample

Introduction Demand and supply is one of the most essential fundamental concepts of economics and it controls the behavior of market economy. Purpose of assignment is to study the reasons for increase in price of egg over the period. Egg price at markets may be affected by many factors related to demand and supply. Article says that the main cause for the price increase attributed to increases in price of inputs, especially in feed prices. In order to elaborate the topic, economic models/concepts such as price elasticity of demand, income elasticity of demand and cross elasticity of demand are being used. These models will give a clear explanation about how the demand has changed in different situations. However, it is required to study all factors those are affecting to demand and supply in order to obtain a clear understanding about the market. 2. How the prices of egg get increase in the market? According to prices listed on the National Egg Coordination Committee (NECC) website, the wholesale rates of eggs have gone up by nearly 47% in the last five years. Egg prices could increase either due to increase in demand for eggs or decrease in supply of eggs. Following graphs will further explain effects on the price due to changes in demand and supply. As shown in figure 1 increase in demand from D-D1 leads to increase in the quantity and as well as the price and in figure 2 it shows decrease in supply from S-S1 leads to decrease the quantity and increase the prices of eggs. 3. Supply factors Supply means the quantity of a product that a producer is  willing and able to supply  onto the market  at a given price in a given period of time. According to the content of the article egg farmers find it difficult to supply their products at a lower price due to various reasons. Major reason for increase in price of egg is increasing price of feed. â€Å"The feed for hens mainly consists of maize, soya, sunflower, maize bran, fishmeal. Prices of those items have been rising by around 25 to 30% annually†. Due to this situation farmers will have to bare a high cost and therefore their profits are likely to go down at a higher rate. There may be other factors which have led to increase prices of eggs such as increase in overheads such as administration cost and losses for deaths of laying hens due to diseases like bird flu and also lack of protection from government for poultry products. In order to increase the supply and control the cost of production government can give subsidies to farmers and also remove taxes imposed on eggs and other products which affect prices of eggs. However, increased market price of eggs encourages new farmers to enter the market and supply will help to reduce the market price in the long run. Nevertheless some farmers may leave the industry for it does not generate more profits due to high production cost. We are getting at Rs 4. 50 per egg and we are selling it at Rs. 5.00 As egg is a primary product, therefor supply cannot be increased in a shorter period of time. Due to high cost on inputs new firms may be reluctant to enter the market. 4. Demand factors Demand  is the quantity of a good or service that consumers are  willing and able to buy  at a  given price in a given time period. Demand may change due to various reasons such as purchasing power, prices of substitutes, prices of complementary products, income level of peop le, changes in consumption patterns and taste, population factors and advertising by retailers. .Price elasticity of demand for eggs Price elasticity of demand measures the responsiveness of the quantity demanded of a good or service to a  change in its price. During the month of December demand is likely to be inelastic for eggs as it’s an essential ingredient in Christmas goodies from puddings to cakes. Demand is inelastic when the percentage change in quantity demanded is less than the percentage change in price. â€Å"Prices of eggs have seen an increase of 30% as compared to the rates prevalent during the month of December last year. † As mentioned in the article average wholesale price of 100 eggs was around Rs. 225. 27 in 2009 it has increased to Rs. 331. 80 at the end of the current year. Due to inelasticity of demand, suppliers are able to gain larger income by increasing prices of eggs. It is shown in the diagram below. However, this situation is likely to change during other months of the year. People may reduce the demand if the prices are too high and they will switch into other substitute goods such as fish, meat or imported eggs if their prices are lower than domestic eggs. Therefore eggs tend to have an elastic and inelastic demand during different seasons. .2 Income elasticity of demand Income elasticity of demand measures the responsiveness of quantity demanded to a change in income. Product like an egg tends to be a normal good as the demand does not increase due to the change in income. Consumers purchase this product only when it is necessary therefore YED is positive but less than one. Increasing prices during the month of December may affect the disposable income of consumers. .3 Cross elasticity of demand Cross elasticity of demand measures the responsiveness of the  demand  for a  good  to a change in the price of another good. With cross price elasticity we make an important distinction between substitute products and complementary goods. It is hard to identify close substitutes for eggs. Positive XED shows substitute goods. As substitutes we can show fish, meat and other types of eggs (goose, duck and bantam). Negative XED explains complementary products for eggs. There are many food products which eggs are used as an input.Eg:-cakes, puddings. Following shows a relationship between two complementary goods. It shows increase in the price of good Y leads to decrease in demand for good X. 5. Other factors lead to increase/decrease demand. Demand for eggs may change due to consumer taste. Due to health issues like cholesterol and issues like bird flu lead to reduce the demand for eggs. Rapid increase in population in India tends to increase demand and more low and middle incom e people tend to consume more eggs and therefore the demand for eggs increase. More over advertising by retailers persuade people to buy eggs without making them move into other substitute goods and these lead to increase/decrease demand for eggs. 6. Conclusion Taking into consideration all the above information we can identify that many factors are affecting the price of eggs. Some factors offset results of the other and mostly cost of feed had led to increase in cost of eggs. However, this could reduce by providing subsidies to farmers and other incentives in order to increase the output and reduce the cost.