Current Examples of Fascism Essay

Even though there aren’t any more fascist countries in the world, there are many groups or organizations that have still been running using fascist ideologies. The KKK, or the Ku Klux Klan, is a racist, anti-Semitic movement with a commitment to extreme violence to achieve its goals of racial segregation and white supremacy. Of all the types of right-wing hate groups that exist in the United States, the Klan remains the one with the greatest number of national and local organizations around the country. More than 40 different Klan groups exist, many having multiple chapters, or â€Å"klaverns,† including a few that boast a presence in a large number of states. There are over a hundred different Klan chapters around the country, with a combined strength of members and associates that may total around 5,000. After a period of relative quiet, Ku Klux Klan activity has spiked noticeably upwards in 2006, as Klan groups have attempted to exploit fears in America over gay marr iage, perceived â€Å"assaults† on Christianity, crime and especially immigration. The Ku Klux Klan first emerged following the Civil War as America’s first true terrorist group. Since its inception, the Ku Klux Klan has seen several cycles of growth and collapse, and in some of these cycles the Klan has been more extreme than in others. In all of its incarnations, however, the Klan has maintained its dual heritage of hate and violence. At first, the Ku Klux Klan focused its anger and violence on African-Americans, on white Americans who stood up for them, and against the federal government which supported their rights. Subsequent incarnations of the Klan, which typically emerged in times of rapid social change, added more categories to its enemies list, including Jews, Catholics (less so after the 1970s), homosexuals, and different groups of immigrants. In most of these cases, these perceived enemies were minority groups that came into direct economic competition with the lower- and working-class whites that formed the core constituency of the Klan in most of its incarnations. Neo-Nazism consists of post-World War II social or political movements seeking to revive Nazism.The term neo-Nazism can also refer to the ideology of these movements. Neo-Nazism borrows elements from Nazi doctrine, including militant nationalism, racism, xenophobia, homophobia, and antisemitism. Holocaust denial is a common feature, as is incorporation of Nazi symbols and admiration of Adolf Hitler. It is related to the white nationalist and white power skinhead movements in many countries. Neo-Nazi activity appears to be a global phenomenon, with organized representation in many countries, as well as international networks. Some European and Latin American countries have laws prohibiting the expression of pro-Nazi, racist, anti-Semitic or anti-gay views. Many Nazi-related symbols are banned in European countries in an effort to curtail neo-Nazism. Countries that have the neo-nazism parties are mostly European countries, but the ones listed were 1 Europe.

What Is Commercial Organization?

Any type of organization who did business or commercial activity, like production and trading the goods or services. We can also name it as business organization, business enterprise or business firm as well.Difficulties Faced by Women Workers (Sapphire Textile)Ladies laborers confront distinctive difficulties in the work environment like sexual orientation based separation, provocation, residential limitation, work and family issues and unequal pay In the previous couple of decades, the part of ladies in our general public has been definitely changed. Ladies can be viewed as warrior stream pilots, educationists, client administrations head, and organization administrators, administrator heads, saving money, HR and telecom area. Ladies are making a huge commitment in every segment. Men are never again considered as the main bread worker of the house. Ladies of the family are currently additionally fiscally supporting their family. Despite the fact that the quantity of working ladies is expanding step by step yet at the same time there are sure boundaries that they need to cross to substantiate themselves helpful for the activity advertise. Sexual harassment based separation: Working men are generally given out of line advantage in contrast with the working ladies. In this male ruling society, men are viewed as all the more dedicated, keen and preferable representatives over ladies. This sexual orientation separation result in expanded level of pressure and employment disappointment. It likewise diminishes inspiration to work and duty towards the activity. Essentially ladies are given lesser open doors for quality training which thus brings about absence of information with respect to innovative progression. Local Restrictions: Prior ladies were limited to their home and their essential part was to deal with family unit tasks. With time, because of increment in financial weights on families this limitation has been discharged. Presently in the vast majority of the families ladies are likewise permitted to get advanced education and do paid employments yet under specific limitations. The greatest level of working ladies can be viewed as wellbeing laborers, educationist, assistants or whatever other low paid occupation that are very little favored by men in light of the absence of development openings and low pay-scale. Ladies are permitted to do such occupations in light of the female prevailing condition. This thing has confined the lady's introduction to other accessible openings and restricted their development in the formative area. After throughout the day of work at office, regardless of how tired they will be, they additionally need to take care of local errands. Provocation at work put: Provocation is another fundamental issue looked by working ladies, as they are viewed as a simple focus by the male partners. The greater part of the ladies in Pakistan left their home to procure cash just at the season of extraordinary need, they are much powerless and associates and higher administration hassle them by passing improper comments or ridiculing them or in outrageous cases they disturb them sexually. Typically ladies stay noiseless on such acts or overlook them or endure it in dread of losing their activity. They are hesitant to make claims against the guilty parties. Some of them leave to dispose of this since they realize that it is of no utilization to make a grievance against them. Degenerate officers and higher specialists don't bolster them. Strict laws are there to help working ladies however just if this gets revealed. This is one of the real reasons why families don't enable ladies to work. Lower Pay-scale: The business ought to guarantee that uniform wages ought to be paid to the two people on an equivalent measure of work done. In numerous work environments, representatives are not permitted to examine their pay rates in view of which nobody ever comes to know whether they are paid less or not. Tormenting, provocation and mishandling are striking acts however bring down wages is a quiet offense, nobody makes any dissension and the issue proceeds. Ladies are paid less in light of the fact that business has this preset idea that she will leave the place of employment after marriage or in the wake of having youngsters. Ladies gain low likewise on the grounds that they need to pick a less difficult activity for themselves so they can invest more energy at home. Parenthood influences the lady's vocation antagonistically as opposed to men. The association should offer some family-friendlier approach and furthermore ensure break even with wages ought to be given to the workers without sexual orientation segregation. Staying noiseless on such act implies that we are quietly supporting this wrongdoing. Hitched Working Women: The majority of the wedded ladies are not permitted to carry out a vocation and furthermore, it winds up troublesome for them to keep up work and family tasks harmony as a result of expanded duty. Customarily, men are the bread workers of the house and it isn't considerable if ladies bolster the family fiscally or if ladies gain more than men. Hitched working ladies additionally confront issues at work. It isn't feasible for them to work in late hours. The vast majority of the work environments don't have nurseries or childcare where moms can keep their youngsters. Negative demeanors of male colleagues: Demeanor of male colleagues is now and again extremely mortifying and one-sided. It is viewed as that ladies are enlisted just to add shading to the workplace condition. Absence of working environment social help, from partners and chiefs prompts non-attendance, low turnover and occupation disappointment. Higher experts should endeavor to build up a strong and favorable workplace. Transport: The vehicle framework in our nation is extremely poor. This is a major obstruction for the ladies who need to go out for an occupation. People both need to confront this issue. In spite of the deficient accessibility of the general population transport, ladies likewise need to confront provocation. They will undoubtedly go on transports and vans since taxis are costly.

Jane Eyre Marriage Quotes Essay

â€Å"He is not to them what he is to me,† I thought: â€Å"he is not of their kind. I believe he is of mine; – I am sure he is, – I feel akin to him, – I understand the language of his countenance and movements: though rank and wealth sever us widely, I have something in my brain and heart, in my blood and nerves, that assimilates me mentally to him. [†¦] I must, then, repeat continually that we are for ever sundered: – and yet, while I breathe and think I must love him.† (2.2.85) Seeing Rochester among his high-class houseguests, Jane realizes that he has more in common with her than he does with them. Despite Jane’s and Rochester’s different class backgrounds, their master-servant relationship, and the strict gender roles of Victorian society, Jane can tell that they share something intangible – but she doubts that they can overcome all the social obstacles keeping them apart. This isn’t the first time Jane has felt affection for someone – but it may be the first time she’s felt like somebody else. â€Å"Whenever I marry,† she continued, after a pause which none interrupted, â€Å"I am resolved my husband shall not be a rival, but a foil to me. I will suffer no competitor near the throne; I shall exact an undivided homage: his devotions shall not be shared between me and the shape he sees in his mirror.† (2.2.128) Blanche Ingram’s idea of a good marriage is one in which the partners are distinctly different and one partner is far superior to the other. As a stunning beauty, she doesn’t want a handsome husband, but a hideous one – that way she’ll always get all the attention. Notice how different this is from Jane’s (and Rochester’s) ideas about love and marriage–they’re drawn together because they are alike. Blanche thinks that opposites attract, but Jane knows that kindred spirits attract more strongly. Ere long, a bell tinkled, and the curtain drew up. Within the arch, the bulky figure of Sir George Lynn, whom Mr. Rochester had likewise chosen, was seen enveloped in a white sheet: before him, on a table, lay open a large book; and at his side stood Amy Eshton, draped in Mr. Rochester’s cloak, and holding a book in her hand. Somebody, unseen, rang the bell merrily; then Adà ¨le (who had insisted on being one of her guardian’s party) bounded forward, scattering round her the contents of a basket of flowers she carried on her arm. Then appeared the magnificent figure of Miss Ingram, clad in white, a long veil on her head, and a wreath of roses round her brow: by her side walked Mr. Rochester, and together they drew near the table. They knelt; while Mrs. Dent and Louisa Eshton, dressed also in white, took up their stations behind them. A ceremony followed, in dumb show, in which it was easy to recognize the pantomime of a marriage. (2.3.8) Blanche Ingram and Mr. Rochester pair up for an elaborate game of charades, and the first thing they do is play-act their own wedding, silently, in front of the other houseguests and Jane. This is the first of several not-quite-real weddings we’ll see in Jane Eyre, each of which suggests something about the actual marriages and pairings in the novel. In this particular case, the pretend wedding is meant to be a charade for the word â€Å"bride† – but that’s only the first half of the word being acted out in the game, which is â€Å"Bridewell,† a famous prison. Hmm, something that begins with a marriage ends with being in prison. Do you think that’s supposed to be some kind of OMEN or something? I saw he was going to marry her, for family, perhaps political reasons; because her rank and connexions suited him; I felt he had not given her his love, and that her qualifications were ill adapted to win from him that treasure. This was the point – this was where the nerve was touched and teazed – this was where the fever was sustained and fed: she could not charm him. (2.3.27, italics original) Jane is really hot and bothered by the idea that Rochester is going to marry Blanche, not just because she’s jealous, but also because she can tell that they are so unsuited and that Rochester himself knows exactly how flawed and unpleasant Blanche is. Jane herself knows exactly how to â€Å"charm† Rochester, how to argue with him and keep him amused and even how make him love her. Basically, the way Jane feels here is the way we feel when we see someone doing something badly that we know how to do well. She wants to take Rochester away and show Blanche how this relationship should be done – but she can’t. She has to watch and suffer in silence, as usual. I have not yet said anything condemnatory of Mr. Rochester’s project of marrying for interest and connexions. [†¦] All their class held these principles: I supposed, then, they had reasons for holding them such as I could not fathom. It seemed to me that, were I a gentleman like him, I would take to my bosom only such a wife as I could love; but the very obviousness of the advantages to the husband’s own happiness, offered by this plan, convinced me that there must be arguments against its general adoption of which I was quite ignorant: otherwise I felt sure all the world would act as I wished to act. (2.3.31) Jane doesn’t get why anyone would not marry for love, especially if they’re rich enough to do pretty much whatever they want, but she figures there must be some reason that so many people who are already wealthy and important insist on marrying to get more money and status instead of to make themselves happy. Notice that Jane doesn’t talk about her own ideas about marriage – only the ideas that she would have if she were in Rochester’s place. Somehow Jane can’t conceive of herself needing to make a choice about marrying for love or status – only of a man like Rochester doing so.

In Praise of Blame by George Sher Essay Example | Topics and Well Written Essays - 1000 words

In Praise of Blame by George Sher - Essay Example He has a few theories about it and sets about to debating over them one of them being blame’s relation to character. Sher starts off arguing against the Humean idea about how blaming someone depends on the person’s character. Someone who has a bad character is the one who can be blamed about things and not otherwise. He has different point of views regarding this and debates over them. The Humean claim is that we can only blame people if their bad side emerges because of the negative qualities – or a particular negative quality - they may have. Basically, if someone is generally a very bad person, he may be mean or selfish or rude, etc. then only he may automatically have terrible qualities and we can judge him depending on those. We may actually end up holding them responsible for whatever issue has taken place. On the other hand, if the person is actually very nice and due to certain circumstances he has not been acting well mannered and has been showing the al most nonexistent bad qualities, then we should not blame them for whatever mistakes they may make. Since they are just that – a mistake – which surely would never be made again. It is, of course, human nature to make blunders. Nobody is perfect though there are some people who are striving to be so even if they are not fully reaching the top line. People are well mannered and have good morals but they cannot always keep up with their expectations of themselves. They will slip up some day or the other. It may be because of some problems they are facing. A person may be very sweet tempered but due to some personal inconveniences he is going through, he may not be acting like his usual self. He may lose his patience quickly and start shouting without much reason. It is a general assumption that the person is nice and should not be blamed about his few mistakes. This may happen quite rarely so it is only fair to forgive these people. After all, no harm was done on purpose and a life time of being a good human being should not be ignored just because of a raised voice or something equally unimportant in the long run. So he should not be blamed to whatever may occur due to an impulsive reaction. Someone who is short tempered or just not well mannered may generally have a whole list of undesirable qualities in him. It is his way of life so one may easily charge him with fault if he - yet again - does something disagreeable. One may blame him easily as he is in the habit of doing such things daily; that one knows is not rare mistake. That he knows what he did is not right and yet he continues to do it, that he does not try to redeem himself. Now this point is understandable, of course, but Sher does not seem to be agreeing with the idea. One may basically understand him to believe that blaming people with generally good characters is okay. Just because they make an error in judgement or something, it does not mean that the problem never arose because of them. It was their fault and they should be blamed for it despite the fact that they do not make a habit of it. It was a mistake, no matter how huge or small, and what is done is done. There are side effects of everything – be it good or bad – so it is only practical that the person be blamed for it. Just because they did not do it purposely or were ignorant to its results does not mean that it was not their fault. Similarly, he also says that just because a person has chock full of negative attributes in him, it does not mean that if he makes a mistake, we should put all the blame on him immediately. He believes that even though the person may have his own set of issues which may lead to him having a

Growth in the Economy Coursework Example | Topics and Well Written Essays - 2000 words

Growth in the Economy - Coursework Example Improving the efficiency of the workers would require lesser number of workers to complete a job in comparison to the situation when the workers’ skills were not upgraded. The money saved by employing lesser number of workers can be utilized to make the payments for the technological and skill up gradation. The enlargement in the production level of the country, both as a result of increasing employment and the efficiency enhancement of the workers, would enable the producers to cut the price levels of the products and the services. This decrease in the price level would in turn augment the consumption level of the general public, which in turn would raise the level of aggregate demand in the country (Arestis & Et. Al., 2002). Fiscal policies can lower the rate of unemployment by assisting to enhance the aggregate demand. Fiscal policies that should be employed are lowering of tax rates and also boosting the government expenditure. The rise in the government spending should co mplement the national income level that would check unemployment. Low rate of taxes would augment the disposable earnings of the citizens and as a result the consumption level of the public would also rise. This increase in the aggregate demand would have more than proportionate impact on the national income as a result of the multiplier effect. This would subsequently lead to an enhancement in the country’s GDP. The enhancement in the national GDP would lead to an enlargement in the demand for workforce to meet the requirements of the amplified consumption level. Thus, this would lower the level of unemployment that is caused due to the deficiency of demand (Baumol &... The paper shows us a brief analysis of fiscal policies which can lower the rate of unemployment by assisting to enhance the aggregate demand. Fiscal policies that should be employed are lowering of tax rates and also boosting the government expenditure. The rise in the government spending should complement the national income level that would check unemployment. Low rate of taxes would augment the disposable earnings of the citizens and as a result the consumption level of the public would also rise. This increase in the aggregate demand would have more than proportionate impact on the national income as a result of the multiplier effect. The paper approves that the multiplier effect would not be able to take place if there is no overall rise in the consumption level of the country. Certain economic advisors may not consider tax cut to be favorable because temporary measures such as reduction in the tax rates would not have much multiplier impact as compared to permanent measures According to the paper the rising budget deficit would hamper the interest of the nation because with the rise in the deficit the government would have to pay higher rate of interest for financing the shortage and this would have a negative impact on the economic growth of the country. Moreover, the growing deficit would enlarge the national debt value and would result in higher rates of interest and taxes, which would affect the level of consumption as well as investment spending negatively

Conclusion Essay Example | Topics and Well Written Essays - 1000 words

Conclusion - Essay Example It is quite apparent from the study that Primark has indeed created a niche for itself even in these challenging times. In fact, the strategy of competitors to label Primark as a 'cheap' brand while making efforts to label their own brands as premium ones' has not worked to their advantage. Instead Primark seems to have taken a lead in understanding the requirements of the common consumer and offering them value for money. Primark seems to believe in market penetration strategy, while passing on maximum benefits to the consumer and thus playing the volume game. Primark has opened up stores in UK and Ireland at vantage points, the places most frequented by the common consumer. Thus saving on the marketing communication costs to a great extent. Today marketing communication forms an integral cost component of any business proposition. If a company can save on this expenditure to some extent while making itself visible amongst the existing and prospective customers, then it helps in lev eraging the economies of scale. These costs can be passed on to the workforce, which motivates them for pooling their efforts in a better manner, thus coming out with quality products. In fact this chain of events has been quite ably used by Primark to the advantage of its own business prospects as well as to the advantage of its workforce. Motivational theories discussed during the study clearly suggest that if the needs of the fellow human beings are taken care of, they are bound to come out with their optimum performance. Effective management of the workforce lends credence to the notion that a company is being managed professionally. Primark, while charging less from its customers, has maintained good industrial relations. As the returned questionnaire indicates, the workforce is not too unhappy with the HR policies of the company, which appear to be employee friendly. As pointed out in the study, the kind of attention paid to employees' care, by the MNCs is an indication towards the level of competition and the innovative methods devised to sail ahead in these competitive times. The higher levels of turnover of the workforce, in Parimark, could be explained by the fact that in an intensely competitive world the rival companies are always on the lookout for experienced workforce. The workforce, particularly the yout h segment, also is on the lookout for making quick bucks, so they don't attach too much importance to the loyalty part and hop on to the company with better payment packages. The higher levels of employee turnover also results in some cost escalation to the company, as it has to incur fresh costs on recruitment and training of the workforce. The newer workforce also requires some time to adjust to the working environment and this could have some effect on the efficiency of the service being provided to the customer. On the other hand, it can also be stated that the young blood brings renewed enthusiasm and more energy to the working environment. As the questionnaire points out the younger lot is there to make some quick money during their free time or vacation period. Therefore it good that Primark does attach too much loyalty strings to the job profile. This, in a way helps in offsetting the disadvantage resulting from the extra efforts being put into recruiting and retaining the work force. It goes to the credit of

Global Financial Management & Summary slp Assignment

Global Financial Management & Summary slp - Assignment Example Again monetary policy of a central bank try to control the fluctuation of currency value and future prediction of central bank affects this factor. Balance of payment in this country also fluctuate the domestic currency and affects the demand and supply of foreign currencies as well as the exchange rate. Foreign investors who want to invest U.S. (which has a strong dollar market) have to pay more than their own domestic currency and hence investors are not encouraged to invest their money in US economy (Anbarasu, 2010). In United States banking activities are regulated by both the state government and the federal government. Goldman Sachs, Bank of America, Wells Fargo, Citigroup and JPMorgan Chase these are the five major largest banks which hold 56 % position in the US economy. The banking system and economic condition in US are now in a complex situation. Fluctuation in currency is another important reason to discourage the investors for investing money in this economy. So this can be said that investing in banks of US is not a safe procedure at least in the present days. Federal government does not take any kind of responsibilities to save and protect the interests of investors and lenders at the time of financial crisis and their financial decisions also may affect the interest of related parties. US has faced financial crisis in the financial year 2007-08. It was the worst financial crisis after the great depression of 1930. The prices of stock was declined in the US stock market and US economy has faced a large amount of bad loans and lost more than $ 1 trillion toxic assets. This is observed that business owners are facing difficulties for getting loan from the financial institutions in US. A business can seek foreign investment if the interest rate and value of dollar will be higher. In such case investor can get higher amount

Performance management assignment 3 Essay Example | Topics and Well Written Essays - 1000 words

Performance management assignment 3 - Essay Example Projection: Based on the projection given, H.C.P is a complete loss making venture. First of all there is an error in projection. According to the business plan H.C.P is saying they will adopt selling price of ?10,000 and make a profit margin of 20% yet production cost per car is ?10,666. Based on supply and demand findings the optimal gross profit attainable is approximately ?15 million which is less than ?300 million needed to breakeven. In order for H.C.P to achieve 15% annual minimum return on capital employed the need to attain gross profit of ?450 million. The maximum production capacity is 90,000 cars per year. Assuming H.C.P reach maximum production level, they will have to sell each car at ?15,666 to attain 15% minimum return on capital employed but according to demand and supply curve that volume of sales can only be attained when the price per is ?9,000 which is below production cost. This leaves H.C.P at a paradox. Looking at the competitors price range the minimum and ma ximum price per car is ?10,400 and ?11600 respectively. Using these parameters we can determine what are optimal production, sales volume and selling price. How H.C.P can Attain 15% minimum return on capital employed: We know it’s difficult to attain maximum production capacity of 90,000 per annum; therefore we need to setup optimal production capacity based on percentage. ... 50,080 17,942,480 14,989,920 53,720,000 44,880,000 214,880,000 179,520,000 572,977,520 478,690,080 7,198,480.00 14,989,920.00 Â   Â   300,000,000.00 300,000,000.00 300,000,000.00

Conflicts of the Twentieth Century Essay Example | Topics and Well Written Essays - 1500 words

Conflicts of the Twentieth Century - Essay Example Through World War I, World War II, and the Cold War, the nations of Germany and Japan played critical roles. In the years before World War I, Germany's nationalism reached full tilt. The Germans were proud of their empire, military, and industry. They were keen to defend their empire against others, especially the British, who were shocked to find Germany's industrial output topping their own. In 1905 and 1911, competition for colonies brought France and Germany to the brink of war. Diplomacy prevented the outbreak of war then, but Germany did gain some territory in central Africa (Blum, Cameron, and Barnes, 1970, 320). Militarism in Germany also helped drive the world closer to war. The public viewed war with romantic eyes, and the notion of Social Darwinism suggested that, if a nation could become powerful enough to take what it wanted, then it ought to have it. As nations spent more and more money to create grand fighting machines, it must have seemed almost a shame to them to have no excuse to use them - much like a new yellow belt in a Tae Kwon Do class who is eagerly waiting for the school bully to give him an excuse to practice his martial arts. Germany's army and navy swelled in size to protect its empire and homeland, and other nation's reacted accordingly. Germany's military leadership encouraged aggression. Helmuth von Moltke, a high-ranking strategist, declared, "The German people must be made to see that we have to attack because of enemies' provocation. . . . [W]ar must seem like a deliverance from the great armaments, the financial burdens, the political tensions. . . ." (Snyder, 196 0, 377) Germany's participation in the alliance system also helped create the conflict of World War I. Kaiser William II encouraged Francis Joseph to take a firm stand against Serbia. The alliance system affected the nations of Europe and America, too. What should have been a small, localized conflict turned into a deadly contest between Germany, Austria-Hungary, and Italy on one side, and France and Britain (and eventually the US) on the other side (Unger and Unger, 1990, 257). Germany's role in World War I had direct effects on Americans. Unrestricted submarine warfare by the German's helped draw America into the war. Americans on European vessels such as the Sussex and Lusitania would be killed while crossing the Atlantic. (They had been warned not to cross on those European ships, but this detail is often omitted in our national memory). America would be "threatened" from the south as German leaders encouraged Mexico to launch an attack against the US to regain its land lost in the Mexican-American War. The Zimmerman note sought to bring Mexico into the war. Germany forced America to decide between isolationism and a defense of democracy (Unger and Unger, 1990, 145). Likewise, Germany's role in World War II is hard to overstate. They were well-equipped for war, with plenty of material resources and a new leadership that captured public attention. Taking advantage of political instability and a fear of communism, Hitler speeded the rise of the Nazi Party. Concentrating on the unfairness of the Treaty of Versailles, the Jewish "problem," and a bad

Customer Expectations & Environment Analysis Essay

Customer Expectations & Environment Analysis - Essay Example Bus services with four lines serving the city and suburbs is complements the transportation options. Many of the rooms in this property have a great view of Lake Geneva and surrounding mountains. What we want is to create a space in between where the global glamourous/cool crowd meets the local hip crowd. This potential crowd is served well by the Swiss hospitality. We offer a space where Swiss efficiency meets the simple, modern and productive Scandinavian customs and traditions, providing convenient locations for lunch and after-work drinks. We used Google Hotel Finder to scan the competition in the area. We found places with rates as high as CHF400 at Lausanne Palace and places as low as CHF112 at Ibis Lausanne. Our target clientelle is well traveled and well-educated business professionals who are looking for exotic experience(s) rather than product(s) offereing mundane experience(s) and run of the mill environment. We differentiate ourselves from our competition by creating a novel space. Our hotel will offer rates between CHF130-150 including power breakfast, the most important meal of the day, and more importantly free wifi which not many properties have the facility. But it must be kept in mind that the price(s) will fluctuate depending on the season, day of week, and length of stay etc. Taking into account the location of the property, and bearing in mind the target clients/customers/markets based on the analysis of benefits considered by the said clients/customers/markets, we are propose to brand and position our concept as follows: As can be seen from the proposed pricing, we plan to place ourselves between the 5-star hotels and the economy/ budget ones. However, such a pricing does not mean that we will comprise on the facilities and amenities that are required by our target market. It will be â€Å"affordable luxury†, as expounded by

Elastic and Inelastic Demand Essay Example for Free

Elastic and Inelastic Demand Essay I would say that when I think of a company that has inelastic demand on their products it would have to be Apple. Apple charges above average prices for their phones, computers and music players all with the marketing strategy of superior quality. When a company achieves inelastic demand it is because of two possible reasons. They have either developed highly differentiated products or brands or they have achieved a monopoly on a market or product category. (Tedesco, 2011) If you look at Apple they have a combination of both. You wouldn’t necessarily label Apple as a monopoly but they do possess a large amount of influence on how other tech companies develop their products. This is shown in various lawsuits that have been brought by Apple against other tech companies for patent violations. Apple has however developed superior products in comparison to others. Apple has marketed their high-end electronic devices to the point that they can introduce similar devices every few months and make people think that they are improved enough over the older models to constitute a needed upgrade. The marketing is brilliant. If I was talking to the president of Apple about what their pricing strategies should be I would bring up the possibility of a downgraded model to reach the customer base who can’t afford $600 every few months for a new phone or tablet. Even though Apple has monopolized on the higher income customer base they have untapped potential in the lower to middle income customer base. Cell phones are deemed as a necessity by many and if the price is right most consumers will spend the money on a product that is considered superior to others in the marketplace. While researching different articles for this assignment I came across an article about the elastic demand of sports tickets, especially Super Bowl tickets. When I was trying to think of a company with elastic demand, the NFL never crossed my mind but the NFL is a profit generating entity. The article cited the difference in ticket prices in tier seating between the Super Bowl in New York City and the Super Bowl in New Orleans. The prime examples showed that club-level tickets at MetLife Stadium would cost $1400 more than the similar seats at the Super Bowl in New Orleans. The article attributed this to the marketability of the venue. The author stated that most sports teams price their ticket inventories in the inelastic portion of their demand function because,† teams charge too low a price to maximi ze ticket  revenues. Part of the strategy in doing this is to ensure maximum attendance so as to ensure greater revenue streaming from complementary purchases associated with sporting attendance†¦such as concessions, parking, and merchandise.† (Rishe, 2013) If I were to talk to the president of the NFL I would suggest putting a cap on Super Bowl tickets so that a more diverse group of fans could attend the Super Bowl. As of now the only fans that attend a Super Bowl are the fans with a large amount of expendable income. If tickets were more attainable by the â€Å"common† fan they would generate as much money but also accommodate a much wider consumer market. Bibliography Rishe, P. (2013, September 19). SuperBowl XLVIII Pricing: A Lesson In Demand Elasticity. Retrieved September 27, 2014, from Forbes.com: http://www.forbes.com/sites/prishe/2013/09/19/super-bowl-xlviii-pricing-a-lesson-in-demand-elasticity/ Tedesco, T. (2011, May 20). View from Mount Olympus. Retrieved September 26, 2014, from piworld.com: http://www.piworld.com/blog/inelasticity-demand-your-printing-services-pricing-strategy-tj-tedesco Tucker, I. B. (2013). Survey of Economics (8th ed.). Mason, Ohio, United States of America.

Global market of malt barley Essay Example for Free

Global market of malt barley Essay Annual international trade of barley averages around 15 million metric ton and fluctuates from 12 to 16 million metric tons. This is about 9 -12% of total global production. Major exporters are EU, Australia, Ukraine, Canada and UK. US is neither a major exporter nor a major importer. Its export and imports are more or less same. US export mainly the feed barley and imports malt barley. The annual trade of feed barley comprises more than 75% of total barley trade while that of malt barley accounts for less than 25%. China and US being leaders in beer production account for over 60% of malt barley trade. China alone imports 50% while US about 11%. Leading Barley Import and Export Countries (Averages for 1998-2000) Country Imports (Mt x 1,000) Country Exports (Mt x 1,000) Saudi Arabia 4447 France 6758 Japan 2531 Germany 4040 China 2160 Australia 3973 Belgium-Luxembourg 1459 Canada 2196 Russian Federation 1005 United Kingdom 1898 Germany 941 Belgium-Luxembourg 1223 Brazil 880 United States 985 Netherlands 823 Denmark 960 Morocco 794 Ukraine 841. Italy 790 Turkey 659 United States 778 Sweden 606 Table 4: Global trade of barley in 1998-2000 (faostat) Sourcing Barley for Beer Production Malting companies in US processes about 3 million ton of malt barley annually of which about 1. 0 million ton is imported barley and the remaining (about 2 million ton) is produced in US itself. Therefore, a beer company in US should keep both the options – of sourcing from within the country from states like North Dakota, Montana and Idaho etc. and of importing open for sourcing barley. When it comes to import Canada should be the obvious choice due to geographic proximity. The next obvious choice has to be EU. As far as sourcing from domestic market is concerned the company can have a direct contract with major barley growers to save cost and ensure a reliable supply. In case of import from Canada the concerned agency is Canadian Wheat Board. Concerning Outsourcing of the product, a beer company should focus on Malting, Brewing, and Fermentation etc. instead of imports and domestic purchasing of commodities. Therefore, it is always better to outsource the product to a few good commodity trading companies. The commodity should be outsourced not to one company rather to more than one company to have a bargaining power over pricing and also to ensure a uninterrupted supply of barley in case of any unforeseen crisis to keep the brewery running. There can be another outsourcing approach for a new start up Beer Company. With malting being an established process. There are dozens of malting companies in US and hundreds on the globe and malt being a standard product being traded in the market globally. Therefore, for a start up Beer Company it will be a good idea to focus on brewing and fermentation, rather than going for setting up the malting facility. If the company specializes on producing better and special quality beer it can command better price for its beer and that business model should be more profitable than starting fro malting. Some important malt barley and malt suppliers in US are – 1. North Dakota Barley Council 2. Americas Malt, PO Box 5724 Minneapolis, MN 55440-5724 Tel: 1-952-742-5646 Fax: 1-952-742-5050 Internet: www. Cargill. com. Products: Barley Malt 3. Busch Agricultural Resources, Incorporated P. O. Box 427 West Fargo, ND 58078 Tel: 1-701-282-5752 Fax: 1-701-282-6260 Products: Malting Barley 4. Cargill, Inc. P. O. Box 9300 Minneapolis, MN 55440-9300 Tel: 1-952-736-8664 Fax: 1-952-742-6252 Internet: www. Cargill. com Products: Feed Barley, Malting Barley 5. Cenex Harvest States P. O. Box 64089 St. Paul, MN 55164-0089 Tel: 1-651-306-6156 Fax: 1-651-306-6570 Internet: www. harveststates. com Products: Feed Barley, Malting Barley 6. Columbia Grain 111 S. W. Columbia St, Suite 1200 Portland, OR 97201 Tel: 1-503-224-8624 Fax: 1-503-241-0296 Products: Feed Barley, Malting Barley 7. ConAgra Grain Companies 400 4th Street, Suite 850 PO Box 15083 Minneapolis, MN 55415 Tel: 1-612-341-2326 Fax: 1-612-341-2137 Products: Feed Barley, Malting Barley 8. ConAgra Malt P. O. Box 1529 Vancouver, WA 98668-1529 Tel: 1-360-699-9389 Fax: 1-360-696-8354 Products: Barley Malt 9. Coors Brewing Company 17755 West 32 Av. Brewing Materials BC 610 Golden, Colorado 80401 USA Tel:1-208-678-3586 Fax : 1-208-678-9669 Products: Malting Barley, Barley Malt 10. General Mills Operations, Inc.

Governance and Enterprise Restructuring of Macedonia

Governance and Enterprise Restructuring of Macedonia Abstract: This paper is a case study of the Republic of Macedonia (Southeast Europe), which focuses on examining governance and enterprise restructuring. Governance and enterprise restructuring is already defined indicator in EBRDs studies and transition reports, measuring the effective corporate governance and corporate control exercised through domestic financial institutions and markets, fostering market-driven restructuring. As of the beginning of the transition process, governance and enterprise restructuring remains in the center, as essential pillar, that moves forward the society towards developed market economy. The data used in this article are analyzed with an econometric regression model, which as employed in this study examines the interrelationships between governance and enterprise restructuring and set of policies that influence the governance patterns. JEL Classifications: G30, G32, G38; L33; O11; P31 Keywords: governance, corporate governance, management strategy, transition, Southeast Europe, Macedonia Acknowledgements: I would like to thank Prof. Nicola Bellini for the continuous support, as well as, the PhD Program in Management and MAIN Lab of Scuola Superiore SantAnna, Pisa, Italy Introduction The research in this paper is to be focused on examining governance and enterprise restructuring in Southeast Europe economies and in particular a case study of the Republic of Macedonia. EBRD has governance and enterprise restructuring as basic indicator of economic transition and defines it as effective corporate governance and corporate control exercised through domestic financial institutions and markets, fostering market-driven restructuring. The corporate governance is most often defined in terms of the roles, responsibilities, and interactions of top management and the board of directors. Using data of South-East Europe i.e. case study of Macedonia, will be examined the interrelationships between governance and enterprise restructuring and set of policies that influence the governance patterns. Literature Review There are several contemporary theories that set the foundations of governance and enterprise restructuring within a framework important for this research. The institutional setting is of essence when governance and enterprise restructuring is analyzed in transition economies. Further, the literature on corporate governance is extensive and is linked to important theories, of which the agency theory is fundamentally predominant. The established agency theory highlights the function of corporate governance in the overall enterprise restructuring, ensuring that the firm protects the interests of shareholders in a given institutional context . Thus, the institutional setting has impact on the outcome of companies performance through the very nature of countrys ownership structure and policies undertaken to shape the governance system. When companies are analyzed, it is important to state the presence of different agency conflicts between shareholders and management in a given ownership structure of each country. Hence, different countries have divergent governance systems leading to variations in the nature of the agency problems, where ac cording to the law and economics viewpoint, legal systems craft institutional specificities . The literature further proposes that different national governance systems are also influenced by cultural and historical features in addition to their specific legal system . The links between agency theory and institutional theory explain that divergences in national institutions may have significant impact on the effectiveness of governance at the firm level . The law and economics approach (e.g., ) puts the focus on the fact that the ability to enforce financial contracts and thus increase the effectiveness of governance depends on institutional characteristics . Further, it is stated that in order to complete the frame already set by the agency theory it is necessary to merge it with institutional theory . There are two principal strings of institutional theory fitted to the analysis: a) the first, origins in political science and b) the second is derived from organizational theory . The political science approach focuses on the setup where political and economic institutions create incentives for managers and the way the outcomes are shaped. On the other hand, the organizational theory approach is concerned with the adjusting function of organizations while creating the institutional environment. In this regard, Aggarwal and Goodell argue that national corporate governance differences between countries used in their study are determined by legal, cultural, and other national characteristics . 1. Corporate Strategies in transition economy environment As countries undergo serious system transformations the managers are faced with complex decision-making environment , and thus it is closely regarded that the performance of large enterprises should be linked to managerial flexibility in making strategic decisions within the context of the firms governance. Furthermore, there arent many sources that can point towards emerging corporate governance mechanisms in South-East Europe, although prior research suggests that independent managers and board of directors (corporate governance) may be an important necessity for managerial ability to undertake performance-enhancing strategies . Before restructuring, the revenues were generated by monopolistic structure through a handful of specialized state-owned companies. As the reforms progressed towards free market economy in environment with sluggish internal demand, adopting better strategies may be closely linked to better financial performance of the firm . Moreover, we can see that previo us research has linked strategies with performance , and governance directly with performance , and consequently in this research we will make an essay to implement the governance and enterprise restructuring EBRD indicator as measure against set of policies. Economic reforms introduced in Southeast Europe aimed at increasing enterprise efficiency and making their products internationally competitive and thus reforms were tied with structural crisis . The pre-reform environment that was characterized by import protection and export promotion through monopolistic, state-owned foreign trade companies which in many terms crippled the enterprises to meet overseas threats and as a result made the internationalization of their work very difficult. As liberalization of the market forces and privatization progressed they were meant to eliminate the constraints imposed on managers by state ownership and command economy system . In the case of the Southeast Europe, companies were privatized using range of methods . Thus, the privatization process resulted with diverse range of ownership structures and governance mechanisms . The corporate governance affects enterprises restructuring and financial performance . Indeed, when firms from transition economies are involved in international activities, they are likely to develop their capabilities . As a consequence of the peculiar characteristics of the capital markets in South-East Europe i.e. lack of well developed capital markets, limited portfolio diversification and liquidity, it is often stated that large shareholders could wish to utilize potential upside of a particular business strategy, but they are frequently restrained and affected adversely by the companys idiosyncratic risk . Due to this phenomenon they chose to impose sub-optimal strategies on managers. Moreover, large shareholders in transition countries where the protection of minority investors is low, most often endeavor to take advantage of their power and grasp private benefits of control. This expropriation can be found in a range of forms, such as related party transactions, use of trans fer pricing, assets stripping and other forms of tunnelling of revenue and assets from firms . Therefore, in such economies high ownership concentration was investors response to low levels of protection of minority shareholders in emerging markets . Even though we analyze and focus specifically on Macedonia, variations in governance regimes indicate sufficient international analyses of governance and enterprise restructuring in the specific group of economies that undergo serious difficulties in transformation. Corporate governance and enterprise restructuring in Macedonia 1. Institutional and legal framework The institutional framework is essential in the development of the governance and enterprise restructuring process. There institutions that carry of the process are the Securities Commission and the Macedonian Stock Exchange and are aided by the Central Securities Depository . The legal framework is comprised of sets of laws and regulations including the first 1996 Company Law its enactment of 2004, as well as, the Securities Law, the Law on Takeovers, the Bankruptcy Law, and the Macedonian Stock Exchanges corporate governance code and listing rules . 2. Overall assessment of corporate governance characteristics Macedonias corporate governance model is consistently built since the beginning of transition to modern market economy. Thus, it complies with the notion that each country shapes its particular way of governance due to its own history, culture, and legal and regulatory framework . The main characteristics of the Macedonian corporate governance model are : Gradual concentration of ownership which is reflected through policies leading to dispersed ownership structure of companies to become concentrated over time in a more regular manner. As 2007 IFC Corporate Governance Manual for Macedonian Companies indicates around 300,000 individuals become shareholders in the first phase of the privatization process. Later the process reinforced itself and eventually resulted with 255,000 in 2004 and 105,000 in August 2007 individuals as shareholders. This was result due imposed regulatory reform (Company Law, 1996) and also the development of the capital market urging for voluntary decisions of shareholders to sell their shares on the Macedonian Stock Exchange, characterized with constant default on minority shareholders and investor protection during this period. However, with creation of the Central Securities Depository (state authority for securities registration), the quality of the process had improved. Company shareholders as company employees and vice-versa, describes the phenomenon of the dual role and mutual interaction of these two categories as most of the employees are at the same time shareholders in the company. Thus, there is conflict in the rights and the duties as these two roles, which in essence oppose themselves and exclude each other. Indeed, this characteristic is problem of many transition economies and needs time to be resolved, while is still producing mixed outcomes. As a consequence of the previous two, there is the third main characteristic of the Macedonian economy in light of governance and enterprise restructuring i.e. lack of separation of companys ownership from companys control. This practice, despite the introduced regulation, is still lagging, hence the unfortunate problem where majority-vote shareholders who most often hold companies top positions, trigger overwhelming influence over comprehensive daily work of the enterprise. Further, this reduces and prevents the control systems vigilance and reporting to and from shareholders and investors. The forth important feature derived from the previous, is the inadequate oversight of managements work. This is due the fact that members of the supervisory board are individuals with lack of experience directly appointed by the controlling majority shareholders or in submission to the very persons that they are supposed to control. Research hypotheses Two basic hypotheses to test governance and enterprise restructuring: 1st Hypothesis: Governance and enterprise restructuring depend on set of policies : large-scale privatization, small-scale privatization, price liberalization, competition policy, trade and foreign exchange system, banking reform and interest rate liberalization, securities markets and non-bank financial institutions and overall infrastructure reform; and , 2nd Hypothesis: Governance and enterprise restructuring is significant and improves over time due to imposed policies. Sample selection and Data It this paper it is used the same econometric model as in the first article. The European Bank for Reconstruction and Development (EBRD) Transition Report series have the latest information on the countries that are classified in transition. The data that this prominent organization offers are based on wide network of sources that they obtain from national and international authorities . EBRD tracks reforms and assesses the overall process of transition using set of transition indicators, which are formed in comparison to the standards of industrialized market economies. Further, the data sample is mainly drawn from the extended research and data bases of the European Bank for Reconstruction and Development (EBRD), the Transition Report publication series. Consequently, the data used in this research are taken from their index structure economic statistics and forecasts . The scale used in shaping the transition indicators ranges from 1 to 4+, where 1 represents little or no change from a rigid centrally planned economy and 4+ represents the standards of an industrialized market economy . There are detailed numbers for the countries in transition analyzing the period of 1989 to 2009 in different areas. These indicators are sorted by sector and country and are analyzing nine arias: large scale privatization, small scale privatization, governance and enterprise restructuring, price liberalization, trade and foreign exchange system, competition policy, banking reform and interest rate liberalization, securities markets and non-bank financial institution s, and overall infrastructure reform .ÂÂ   Model and Econometrics The econometric model that is used in this study is a regression model where we have estimated the fallowing equation : (1) (2) Thus, applied to our research this model has the fallowing shape: (3) where the dependent variable, . shows governance and enterprise restructuring; the independent variables, are as follows : large-scale privatization; small-scale privatization; price liberalization; competition policy; trade and foreign exchange system; banking reform and interest rate liberalization; securities markets and non-bank financial institutions; overall infrastructure reform; ÂÂ  is aÂÂ  p-dimensionalÂÂ  parameter vector ; ÂÂ  is theÂÂ  error term orÂÂ  noise. Results and Effects The first hypothesis is that governance and enterprise restructuring depend on set of policies: large-scale privatization, small-scale privatization, price liberalization, competition policy, trade and foreign exchange system, banking reform and interest rate liberalization, securities markets and non-bank financial institutions and overall infrastructure reform. The transition theory explains well the effects of privatization, restructuring, competition, budget constraints, policies of governance and management . The country results of the OLS regression for Macedonia (Figure 2) show that there are good results on correlation and dependence of governance and enterprise restructuring to large-scale privatization. However, the coefficients are negative pointing towards possible lag of governance mostly because of country specific dispersed ownership and agency conflicts as analyzed before (CG Manuel-IFC, 2007). The variable explaining trade and foreign exchange system and its relation to GOV behaves with mixed outcome depending on the model. Further, the price liberalization variable shows good results and there is good evidence and correlation between countrys governance, as well as, positive impact on GOV. The banking reform of the system and the interest rate liberalization demonstrated good results in contribution to the governance and enterprise restructuring. In this analysis the overall infrastructure reform has given important input in improving the overall economic governance, but the negative sign suggests some concern, as the disinvestment in infrastructure is constant lag in transition countries. On the other hand, governance and enterprise restructuring have strong relation to the small-scale privatization; competition policy and securities markets and non-bank financial institutions. In the case of these variables, the models have shown evidence i.e. p Figure I. Results of OLS on Macedonia The second hypothesis is that the variable governance and enterprise restructuring is significant and improves over time due to imposed policies. In the analysis (Figure 1) the results confirm this hypothesis with some mixed outcomes i.e. sluggishly improves over time. In fact, the close relation with number of these policies shows the significant impact of these policies to the way the governance and enterprise restructuring was imposed, positively or negatively. Thus, there is significant correlation to SSP, CP, BRIRL and SMNBFI, presenting outcomes to how each of these variables impacts GOV. Nonetheless, over time most of the variables improved and it is clear that there is relationship between them moving upwards. Further in Figure 2 we can see the movements of governance and enterprise restructuring over time. Also, in this case the analyzed variable moved alongside the increase of the other variables and towards positive upward climb. Figure 3 indicates that even though there is positive movement up, governance and enterprise restructuring is still at the bottom of estimated policies progress. Figure I. Macedonias Governance and Enterprise Restructuring Figure I. Indicators Dynamics Discussion On the first assumption that governance and enterprise restructuring depend on imposed set of policies, the analysis showed that there are mixed outcomes. There are positive and negative influences that eventually bring satisfactory picture for the overall governance and enterprise restructuring. On the other hand, due to analysis of the second assumption it is clear that as the transition process progressed along with the imposed reforms and there is a positive inclination of governance and enterprise restructuring. However, there is still more to be done in order to bring these economies closer to the standards of developed ones. Indeed, it is needed considerable improvement of corporate governance, institution-building to control agency problems and imposing already adopted regulation, as well as, enforcing new enterprise restructuring policies, within existing policies of overall transition economy restructuring.

Hemingway and Symbolism Essay -- essays papers

Hemingway and Symbolism Ernest Hemingway and Symbolism Ernest Miller Hemingway is a well-known American author who wrote in the twentieth century. He has written several novels such as, A Farewell to Arms, For Whom the Bell Tolls, and The Old Man and the Sea. The Sun Also Rises was finished on April1, 1926 and was published in October of 1926. The Sun Also Rises was Hemingway's expression of his own life. He had changed the names of his friends and some of the details, but the real identities of the characters were obvious to anyone in Paris. The Sun Also Rises encapsulates the angst of the post-World War I generation, know as the Lost Generation. This poignantly beautiful story of a group of American and English expatriates on a sojourn from Paris to Pamplona represents a dramatic step forward for Hemingway's evolving style. Featuring Left Bank Paris in the 1920's and brutally realistic descriptions of bullfighting in Spain, the story is about the flamboyant Lady Brett Ashley and the hapless Jake Barnes. Ernest Miller Hemingway is an American author who has penned several novels and short stories; one of his works is The Sun Also Rises. Hemingway was born on July 21, 1899 in Oak Park, Illinois. Hemingway was raised with the conservative Midwestern values of strong religion, hard work, physical fitness and self determination; if one adhered to these parameters, he was taught, he would be ensured of success in whatever field he chose . As a boy, he was taught by his father to hunt and fish. When he wasn't hunting or fishing his mother taught him the finer points of music. Hemingway never had a knack for music and suffered through choir practices and cello lessons, however the musical knowledge he acquired from his mo... ...ause the baby will ruin both of their lives. Next is the character of the woman who shows contrast, and supports the qualities of â€Å"the girl†. She is called â€Å"the woman† because she is older, and the reader is to assume, wiser, and experienced. The â€Å"girl† talks about â€Å"having a fine time† and â€Å"trying new drinks† which shows that she is still young, living a life of ease, experiencing a lot of things, where as the woman brings these â€Å"new drinks† to the girl. This displays the woman as mature, older, and experienced because she is working instead of â€Å"trying new drinks†, and â€Å"having a fine time.† She is no longer yound leisurely trying new drinks, she is working trying to earn a living. She is an indirect supportive device of the theme in that she the opposite image of what the girl is. The woman further defines the symbolic qualities of the girl, in other words.

Misperception and Deception in William Shakespeares Twelfth Night Ess

Misperception and Deception in Twelfth Night  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚        Ã‚  Ã‚     Ã‚  Ã‚  Twelfth Night is likely one of Shakespeare’s most entertaining and complete comedy. This romance explores a generous wealth of themes and issues. The most recurrent theme is the relationship between misperception and deception. As a result of their environment and immediate circumstances, men are forced into misperceptions. Paradoxically, they are completely trapped by these illusions. Between the bad fortune they encounter and the bad fortune they themselves generate, they become caught between a rock and a hard place; they are victims of deceit as well as their own folly. The relationship between misperception and deception has numerous effects: it gives way to ironic humor; it is used to explore characters and relationships; it develops a strong connection between the main plot (with Viola, Orsino, Olivia, and the others) and the sub-plot (involving Sir Andrew, Sir Toby, Malvolio, and Maria). The following piece from Twelfth Night proves how Shakespeare successfully communicates these elements. The scene involving Viola and Olivia outlines this; the essence of the play. ('I prithee, tell me what thoust think'st of me.') 'That you do not think you are not what you are.' 'If I think so, I think the same of you.' 'Then think you right: I am not what I am.' Through the course of the play much confusion occurs because of misperception and deception as the following brief outline of the plot shows. Towards the end of the play, Viola is blamed for a number of things. She is charged ... ...ne own self be true.' Works Cited and Consulted: Bloom, Harold, ed. William Shakespeare's Twelfth Night. New York: Chelsea House Publishers, 1987. Grief, Karen. "Plays and Playing in Twelfth Night". Bloom (47-60). Nevo, Ruth. Comic Transformations in Shakespeare. London: Methuen & Co., 1980. Osborne, Laurie E. The Trick of Singularity: Twelfth Night and the Performance Editions. Iowa City: U of Iowa P, 1996. Shakespeare, William. The Arden Edition of the Works of William Shakespeare: Twelfth Night. Ed. J. M. Lothian and T.W. Craik. UK: Methuen & Co., 1975. Thatcher, David. Begging to Differ: Modes of Discrepancy in Shakespeare. New York: Peter Lang, 1999. Vickers, Brian. Appropriating Shakespeare: Contemporary Critical Quarrels. New Haven: Yale U P, 1993 Misperception and Deception in William Shakespeare's Twelfth Night Ess Misperception and Deception in Twelfth Night  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚        Ã‚  Ã‚     Ã‚  Ã‚  Twelfth Night is likely one of Shakespeare’s most entertaining and complete comedy. This romance explores a generous wealth of themes and issues. The most recurrent theme is the relationship between misperception and deception. As a result of their environment and immediate circumstances, men are forced into misperceptions. Paradoxically, they are completely trapped by these illusions. Between the bad fortune they encounter and the bad fortune they themselves generate, they become caught between a rock and a hard place; they are victims of deceit as well as their own folly. The relationship between misperception and deception has numerous effects: it gives way to ironic humor; it is used to explore characters and relationships; it develops a strong connection between the main plot (with Viola, Orsino, Olivia, and the others) and the sub-plot (involving Sir Andrew, Sir Toby, Malvolio, and Maria). The following piece from Twelfth Night proves how Shakespeare successfully communicates these elements. The scene involving Viola and Olivia outlines this; the essence of the play. ('I prithee, tell me what thoust think'st of me.') 'That you do not think you are not what you are.' 'If I think so, I think the same of you.' 'Then think you right: I am not what I am.' Through the course of the play much confusion occurs because of misperception and deception as the following brief outline of the plot shows. Towards the end of the play, Viola is blamed for a number of things. She is charged ... ...ne own self be true.' Works Cited and Consulted: Bloom, Harold, ed. William Shakespeare's Twelfth Night. New York: Chelsea House Publishers, 1987. Grief, Karen. "Plays and Playing in Twelfth Night". Bloom (47-60). Nevo, Ruth. Comic Transformations in Shakespeare. London: Methuen & Co., 1980. Osborne, Laurie E. The Trick of Singularity: Twelfth Night and the Performance Editions. Iowa City: U of Iowa P, 1996. Shakespeare, William. The Arden Edition of the Works of William Shakespeare: Twelfth Night. Ed. J. M. Lothian and T.W. Craik. UK: Methuen & Co., 1975. Thatcher, David. Begging to Differ: Modes of Discrepancy in Shakespeare. New York: Peter Lang, 1999. Vickers, Brian. Appropriating Shakespeare: Contemporary Critical Quarrels. New Haven: Yale U P, 1993

Viewer Response - The Graduate Essay -- essays research papers

In The Graduate, the director, Mike Nichols’, emphasizes the mysterious tone of the film with his overuse of lighting, camera angles, and shadows. The uncertainty Benjamin Braddock feels can be seen right from the start as he stands on the moving sidewalk at the airport. He is positioned at the right hand side of the screen moving forward. You can see a large area to the left where the credits appear. I think the director chose this technique for the opening credits to symbolize how this graduate is arriving at a new destination & has much uncertainty in front of him.   Ã‚  Ã‚  Ã‚  Ã‚  Dark rooms with shadows are used heavily in this film. The director shows Benjamin’s room as dark and shadowy to parallel his personality. This is also seen in the Robinson house. Shad...

History and myth Essay

‘The World’s Wife revises fairytale, history and myth and reworks it into contemporary, feminist fables. ‘ With reference to three of the poems in the volume examine the techniques employed by Duffy in writing contemporary feminist fables. Duffy’s volume â€Å"The World’s Wife† is a collection of dramatic monologues where Duffy becomes a ventriloquist inventing the words, which famous, silent, wives from history or myth might have said. Her use of humour and play on clichi s creates a collective female voice where dominant male characters are being criticised. Duffy reworks contemporary feminist fables and adopts different personae by employing different techniques, which are particularly displayed in her poems, â€Å"Mrs Midas†, â€Å"Mrs Lazarus† and â€Å"Mrs Aesop†. Duffy’s use of witty humour in the poem â€Å"Mrs Aesop† allows her to condescend the male counterpart, by turning his famous fables against him and questioning his manhood. On the contrary, â€Å"Mrs Lazarus† portrays a more emotional persona grieving over her husband’s death, where her ‘other half’ fails to consider the impact of his return. Similarly, in â€Å"Mrs Midas†, the male character is overcome by greed, blinding his ability to comprehend the repercussions of his actions. The metaphorical autobiographies allow Duffy to adopt a variety of dramatic personae and assume a multiplicity of voices, which portray issues and views sensitive to her own. She explores the notion of the self in relation to the other, particularly in the poem, â€Å"Mrs Midas†. The poet is able to present a wide range of emotions through the practical persona that feels a sense of exasperation due to her husband’s selfishness. The sensual qualities of the persona are highlighted through the use of soft sounds, ‘breath†¦ brow’, and ‘my fingers wiped the other’s glass’. She is then depicted as multitalented, especially in comparison to her husband who ‘was standing under the pear-tree snapping a twig’. His pointless and ridiculous activity belittles his usefulness and thus increasing his wife’s, as it does not require much talent to carry out such an activity. The persona undertakes an anecdotal approach, principally when the tragedy is building up, belying the serious concern, ‘I said’ and ‘What in the name of God is going on? ‘ show the use of colloquial language, which help the persona’s voice emerge. The phrasing used throughout the poet emphasizes her practicality and ability to make sense out of any situation, ‘I served up the meal’ and ‘So he had to move out’, illustrate that she is not theatrical, but is calm and logical, which is a comparison to her partner’s childish and immature behaviour, ‘he toyed with his spoon’. The persona is able to rise above him, assert her authority and her use of bitter sarcasm introduces comedy to the poem. Duffy’s use of the clichi , which is commonly present in her poems, is used to show how worthless he has become and how ashamed and fearful she is for him, as he is a ‘fool’ who could not think beyond his short-term greed. Similarly, â€Å"Mrs Lazarus†, also has to face the consequences of her husband’s return after she finally manages to deal with her grief over his death and move on. The dramatic persona created in this poem is extremely loyal to her husband and devastated at the fact that she has lost ‘her other half’. ‘Howled, shrieked, clawed’ and ‘one empty glove’ reinforce the imagery of suffering and grief-stricken state. She is a persona very expressive of her emotions and goes through the entire pain of her loss, even to the extent where there are images of suicide because of what she is feeling, ‘double knot†¦ round my bare neck’. The alliteration of soft, ‘slept.. single.. stuffed’ and harsh sounds, ‘gone†¦ gutted†¦ glove’, bring emphasis to the range of her emotional suffering. As her memory of him and grief is receding, she develops a more practical, factual tone in her diction, ‘Then he was gone’, showing that she has finally moved on. When her husband returns, her phrasing and diction changes and it begins to sound more harsh and bitter, ‘rotting†¦ grave’s slack chew’, as a reflection of the fact that he is insensitive to her emotions, despite everything she has been through.

Our Obligation as Leaders Essay

The role of leaders anywhere is primary to lead the way. Leaders are supposed to be visionaries, those who chart the course. In any organization or any establishment, there are some abilities or functions that are required of a leader. Primary out of all these is the unique ability to see far, envision the people and make them see things from the right perspective; separating illusions from realities. As leaders, we should hold the idea that if we have knowledge of things that others are in the dark of; we are supposed to make them see the light. This is because by so doing, we are not only helping this people see the light, we are actually helping ourselves. Knowledge itself should make us act and the best thing we can do is to help eradicate darkness that comes with ignorance and make these people see the light. In Plato’s allegory of the cave, those people who are fortunate to see the sun owe those in the cave an obligation. This is because we were once like them. Apart from this, we are nothing better if we just keep mute about what we know. A knowledgeable person in the midst of ignorant people can not really be said to be knowledgeable. This is because soon enough, if we don’t change them, they will change us. Moreover, the question here is that since we have established the fact we have an obligation to the people in the cave, can it be said that we also have an obligation to those people we meet outside the cave? My answer to this question is yes. This is because if we have not met them, we would not have had an idea of the truth that we now know. They served as a torch to our darkness and on this very basis we owe them an obligation. Such an obligation might be that we also impart knowledge to other people who we meet on our way who are like we were before we gained knowledge. Therefore, we must act. We must embark on a mission to illuminate the cave with knowledge. We must strive to convince them of what we know. At first, they might see us as fools but as we insist on what we are saying, they would begin to see sense in what we are saying. Our knowledge is nothing without imparting other people.

Jimmy Sevile: Icon in Life, Sexual Predator in Death Essay

Child abuse and pedophilia is absolutely rife, not just in Britain but all over the world and most people have no idea the kind of scale we are looking at. Perhaps equally as shocking, the people being exposed as ring-leaders in the abuse cases are often high profile celebrities and well known public figures. The information that becomes public over the coming weeks and months could shatter not just the BBC, but the whole country from top to toe, as entertainers, public figures and even former Prime ministers and current politicians are being exposed as child abusing pedophiles. This isn’t just a cover up, it is one of the biggest scandals of all time orchestrated by apparently respectable members of the British establishment. That a BBC children’s presenter, Sir Jimmy Savile, was also one of the UK’s most active serial pedophiles is still a shock that is reverberating throughout the United Kingdom. Sir Jimmy Savile, was a TV and radio presenter who fronted various kid’s shows for the taxpayer funded BBC. The most famous of his shows was called Jim’ll Fix It where kids all over the UK would write letters to him personally to ask if the show could grant their various childish wishes. This was allegedly comissioned after complaints about Savile’s sexual interest in children had surfaced. Savile is estimated to have raised ? 40 million for charity. One cause for which he raised money was Stoke Mandeville Hospital, where he volunteered for many years as a porter. He raised money for the Spinal Unit, NSIC (National Spinal Injuries Centre), and St Francis Ward – a ward for children and teens with spinal cord injuries. Savile also volunteered at Leeds General Infirmary and Broadmoor Hospital. In August 1988, he was appointed by junior health minister Edwina Currie chair of an interim task force overseeing the management of Broadmoor Hospital, after its board members had been suspended. Savile had his own room at both Stoke Mandeville and Broadmoor. In 1989, Savile started legal proceedings against News Group Newspapers after the News of the World published an article, in January 1988, suggesting he had been in a position to secure the release of patients from the Broadmoor Hospital who were considered â€Å"dangerous†. Savile won on 11 July 1989; News Group paid the legal costs, and he received an apology from editors Kelvin MacKenzie and Patsy Chapman. In 2012, it was reported that Savile had sexually abused vulnerable patients at the hospitals. It was reported that the civil servant who proposed Savile’s appointment at Broadmoor was investigated by police and prevented from working with children. From 1974 to 1988, Savile was the honorary president of Phab (Physically Handicapped in the Able Bodied community). He sponsored medical students performing undergraduate research in the Leeds University Research Enterprise scholarship scheme, donating more than ? 60,000 every year. In 2010, the scheme was given a commitment of ? 500,000 over the following five years. Following Savile’s death in October 2011, it was confirmed that a bequest had been made to allow continued support for the programme. The ramifications of the story are however far bigger than just another stomach turning media scandal. In his lifetime Savile had been embraced at the very heart of the British establishment. He was entertained by the Prime Minister Margret Thatcher at chequers, blessed by the Pope and Knighted by the Queen. It has recently come out that in the 1980? s he was taken on by the UK’s Conservative Government to look after a high security mental hospital, Broadmoor, where it appears he was given his own set of keys despite no related qualifications or training whatsoever. It remains a mystery to many why Her Majesty’s police never managed to catch the man. Scotland Yard now describe him as â€Å"one of Britain’s worst sex offenders†. Furthermore some people are saying his sexual predilictions were a bit of an open secret at the BBC in the 1960? s and 1970? s so it’s troubling to think that he was not screened out of the British Royal Family’s social circle by an organisation such as MI5. One thing is clear, Sir Jimmy Savile operated underneath the nose of the UK’s establishment and only in the aftermath of his death did anyone dare take him on. Jimmy Savile was at the centre of this Pedophile ring that procured children for well-known figures in the British Establishment, including former British Prime Minister, pedophile and murderer Edward Heath. The perverted life of Jimmy Savile was exposed as a pedophile and necrophiliac by researchers such as David Icke as far back as the 1990s, but, people just ridiculed the accusations and the police, media, politicians and of course the BBC have all covered it up. In August 1988, shortly before the publication of a highly critical report into its operating procedures, the entire management board of Broadmoor secure psychiatric hospital was suspended by the Department of Health, which at the time had joint responsibility for its direct management. The running of Broadmoor, the highest-profile facility of its kind in the country and the home to many of Britain’s most notorious criminals, was placed in the temporary control of a â€Å"taskforce† to be headed up by an unexpected figure, Jimmy Savile. West London Mental Health NHS Trust, which now runs the hospital, believes Saviles involvement as a volunteer began in the late 1960s or early 70s. He had his own office in the grounds of the hospital, a bedroom and his own personal set of keys to the hospital wards. Savile also has some ties with Peter Sutcliffe known as the Yorkshire Ripper. Jimmy Savile, became very good friends with the mass murderer while doing voluntary work at Broadmoor. The vast majority of the victims currently coming forward allege that Jimmy Savile abused them. But detectives announced that they were mounting a full criminal investigation after some of the hundreds of people who have come forward in response to the unfolding scandal made allegations that they were abused by other individuals who are still alive. It is understood that most of these claims of sexual abuse relate to people who were associated with Savile in some way. The Savile case is just the tip of the iceberg because pedophilia is widespread amongst the ruling class of the world but it’s easily covered up. If the police investigation gets too close to people at the top there will be another cover up. A few more celebrity names will be charged and that will satisfy the public’s demand for prosecutions but those at the top will once again escape justice. Ritualistic satanic child sex abuse is real. It’s widespread especially within the ruling elite and it’s up to all of us to expose it and put an end to it. If Savile had been exposed while he was alive he would have taken many famous people down with him including those within the British Establishment.

Consumer Buying Behavior for Life Insurance

Consumer buying behavior is nothing but their needs, which arouse them to buy. There is hierarchy of need from high level to low level. They initiate to buy their high level need after completed that they move for another need. Consumers 1st recognize their need or problem then gather information about that product. They get many alternatives regarding that product then they evaluate each and every criterion, which give them bundle of attribute towards that product. Now they choose among one of them to buy and they make decision to buy that product. There are some factors influence them to buy.These are cultural factor, social factor and demographic factors. ? Culture factors include their region, culture and their social classes, which is based on their education and occupation. ? Social factors include reference, groups and family, which influence them to buy according to their choice. People buy product according to its role and status. ? Demographic factors includes age group, pe rsonality, occupation, life style etc. people buy product according to under comes all these factors. Introduction Insurance has got its origin from the concept of Indemnity.Indemnity against to loss, it has occurred due to some unavoidable circumstances. To some, the concept of insurance has got its origin related to the uncertainty in the life. Uncertainty has been the integral part of everyone's life, be the uncertainty in terms of money, uncertainty in terms of life etc. Throughout the tenure every other individual's effort is directed towards avoiding this uncertainty. The concept of insurance has got its origin from this very effort of avoiding the uncertainty. Though it is not possible to avoid the uncertainty, it is highly possible to compensate the loss, which has occurredVIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABAD Page 6 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY due to happening of this uncertainty. This compensation of unavoidable circumstances (uncertainty ), which has occurred, is known as Insurance. It is the pooling of funds by many to compensate the loss of few, whereby many individuals pool themselves together to create a fund in order to compensate the loss that has occurred to the few. Insurance as we know today can be traced to the Great Fire of London which, in 1666 AD, destroyed 13200 houses.In the aftermath of this disaster, Nicholas Barbon opened an office to insure buildings. In 1680, he established England's first fire insurance company, â€Å"The Fire Office†, to insure brick and frame homes. Gradually the concept of insurance came to be understood as a contract that offered the purchaser protection against the financial loss due to specific incident. Since the risk of financial loss was to be spread amongst the large group of people, the extent of financial loss, In the event of mishap occurred, became less devastating to the individual.Though the concept of insurance is old as history of mankind, back to some 6 000 years, it got its presence registered in India somewhere in 1818 with opening up of Oriental Life Insurance Company in Calcutta by Europeans. During those years Indians were considered as substandard and they were forced to give high premium on account of their low profile. However with the continuous effort of few eminent people Indians were later considered as of equal status and they were charged the normal rate, at par with the Europeans.This was majorly due to the establishment of first Indian life Insurance company, Bombay Mutual Life Assurance society in the year 1870. Later on the development of Indian life insurance industry was more fired by the patriotic sentiments and gave rise to number of Indian life insurance companies viz. United India in Madras, National Indian and National Insurance in Calcutta and the Co-operative Assurance at Lahore were amongst those company which was formed to treat the Indian populace at par.With increase in the pressure from Indian intell ect, to give the Indian Insurance industry an organized structure, Government of India was forced to pass Life insurance Companies act, 1912 and Provident Fund act. But this was not the end to the suffering of Indian populace that even this act recognized the demarcation between the Europeans and Indian while charging the premium, then came the act of 1938 which not only governed the Life Insurance Industry but also had its spread VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABAD Page 7 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY to the Non life Insurance Industry.With the increase in atrocities from all these companies, the demand to amend the prevailing act of 1938 assumed velocity. Thus in the year 1956 the act was passed as Life Insurance Corporation act, 1956 on 19th June, 1956 which called for nationalization of all the Insurance company working in India under one name as Life insurance corporation of India (hereafter LIC). Thus LIC was formed on 1st September 1956, wit h an objective to spread life insurance especially in rural areas as a mean to provide the protection cover to the life of Indian populace and as tool to help them in the time of financial need at a reasonable cost.Till 1999 LIC was the only life insurance player in Indian Life Insurance field, when government of India decided to amend the then prevailing act prohibiting the private life insurance player to enter the Indian market. It was Insurance Regulatory Authority, 1999 (IRA) that gave the freedom the private players to play in the field. But the basic motive for introducing such an act was not fulfilled as the amended act was meant for only regulation purpose only and not as a development tool and hence the act was further modified to add the element of development to the concept and thus came the current prevailing act i. . Insurance Regulatory and Development Authority (IRDA), 1999. It was further amended to incorporate the element of competitiveness. Thus Government of Indi a via IRDA permitted the private Life Insurance player also to enter the Indian field; and made some provision for foreign insurance companies that if they want to enter the Indian market they can do so but to the extent of 26 % of share only with any of Indian partner. Today almost 15 private life insurance companies are working India, some in wholly owned format and some as a joint venture with foreign company or with Indian company.Together they hold the market share of approx. 24 % in life insurance market. Still LIC holds the kingship with almost 76 % of market share. That's the good news for the LIC people on one part but on another aspect if we deal that shows the pace at which the private life insurance companies are moving, they are defiantly going to give the tough fight to LIC. The leadership lies not in getting the maximum out of market share but it is there somewhere in understanding the reason for the choice of one product over another one. VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABADPage 8 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY Consumer hierarchy of needIt is important to understand the relevance of human needs to buyer behavior remember, marketing is about satisfying needs). Need as a physiological or psychological deficiency a person feels the compulsion to safety, suggesting that need creates tension that can influence a person’s work attitudes and behavior. Customers set an order for their needs from high level – low level need. They prefer 1st, which is most essential for them, after completed that, they give privilege to next need.There are five needs exist in a hierarchy – Need- Physiological needs such as food, air, water, heat, and the basic necessities of survival need to be satisfied. Safety -Need for a secure environment, protection and stability in the events of day to day’s life, Such as life insurance. It make people tension free about any risk at their life. Society- At the third level we meet our social and belongingness needs i. e. we marry, or join groups of friends, etc. person paying tax according to their income, feels the social responsibility and acceptance by society as a good citizen.Life insurance is also a part of the social needs, which reduce the tax and also cover the risk with the attribution of facilities towards plans. Esteem- Esteem means that you achieve something that makes you recognized and gives personal satisfaction, example writing a book, investment for family obligation or have a pension plan for support at future, which arise self respect insight a person. Self actualization – Self actualization is achieved by few. Here a person is one of a small number to actually do something.For example, Neil Armstrong self-actualized as the first person to reach the Moon. The study of how and why people purchase goods and services is termed consumer buying behavior. The term covers the decision-making processes from those that precede the p urchase of goods or services to the final experience of using the product or service. Models of consumer VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABAD Page 9 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY buying behavior draw together the various influences on, and the process of, the buying decision.They attempt to understand what happens within the consumer between his or her exposure to marketing stimuli and the actual decision to purchase. Characteristics of Indian consumer behavior The Indian consumers are noted for the high degree of value orientation. Such orientation to value has labeled Indians as one of the most discerning consumers in the world. Even, luxury brands have to design a unique pricing strategy in order to get a foothold in the Indian market. Indian consumers have a high degree of family orientation.This orientation in fact, extends to the extended family and friends as well. Brands with identities that support family values tend to be popular and accep ted easily in the Indian market. Indian consumers are also associated with values of nurturing, care and affection. These values are far more dominant that values of ambition and achievement. Product which communicate feelings and emotions†¦ What is insurance? Insurance is a policy from a large financial institution that offers a person, company, or other entity reimbursement or financial protection against possible future losses or damages.The meaning of insurance is important to understand for anybody that is considering buying an insurance policy or simply understanding the basics of finance. Insurance is a hedging Instrument used as a precautionary measure against future contingent losses. This instrument is used for managing the possible risks of the future. What is life insurance? Life Insurance is the key to good financial planning. On one hand, it safeguards your money and on the other, ensures its growth, thus providing you with complete financial well being.Life Insur ance can be termed as an agreement between the policy owner and the insurer, where the insurer for a consideration agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness, critical illness or VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABAD Page 10 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY maturity of the policy. Life insurance plans, unlike mutual funds, are beneficial when you look at them as a long term avenue of investment which also offers protection through life cover. Life insurance policies are broadly categorized into two Types- Traditional Plans ? Unit Linked Insurance Plans (ULIPs) Traditional planTraditional policies offer in-built guarantees and define maturity benefits through variety of products such as guaranteed maturity value. The investment risk in traditional life insurance policies is borne by life insurance companies. Additionally, the investment decisions are regulate d to a large extent by IRDA rules and regulations, ensuring stable returns with minimal risk. Investment income is distributed amongst the policy holders through annual bonus. These policies are ideal for policy holders who are not market savvy and do not wish to take investment risks.Term planTerm Insurance helps the customers in safeguarding their families from financial worries that rise due to unfortunate circumstances. Term plans are pure risk cover plans with or without maturity benefits. These pure risk plans cover your life at a nominal cost Term plans also let you avail the benefit to cover your outstanding debts like mortgage, home loan etc. In case of something happens to you, the financial burden is borne by the insurance company and not your loved ones. VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABAD Page 11 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICYTerm plan offers following benefits? High insurance Cover at lower costs ? Financial security against loans and mortgages, ? Single premium payment option available Whole life policy? As the name suggests, a Whole Life Policy is an insurance cover against death, irrespective of when it happens. ? Under this plan, the policyholder pays regular premiums until his death, following which the money is handed over to his family. Endowment policyCombining risk cover with financial savings, endowment policies is the most popular policies in the world of life insurance. In an Endowment Policy, the sum assured is payable even if the insured survives the policy term. ? If the insured dies during the tenure of the policy, the insurance firm has to pay the sum assured just as any other pure risk cover. ? A pure endowment policy is also a form of financial saving, whereby if the person covered remains alive beyond the tenure of the policy; he gets back the sum assured with some other investment benefits. In addition to the basic policy, insurers offer various benefits such as double endowment and marriage/ education endowment plans.The cost of such a policy is slightly higher but worth its value. Money back policy? These policies are structured to provide sums required as anticipated expenses (marriage, education etc) over a stipulated period of time. With inflation becoming a big issue, companies have realized that sometimes the money value of the policy is eroded. That is VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABAD Page 12 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY why with-profit policies are also being introduced to offset some of the losses incurred on account of inflation. ?A portion of the sum assured is payable at regular intervals. On survival the remainder of the sum assured is payable. ? ? In case of death, the full sum assured is payable to the insured. The premium is payable for a particular period of time. Annuities and pensionIn an annuity, the insurer agrees to pay the insured a stipulated sum of money periodically. The purpose of an annuity is to protect against risk as well as provide money in the form of pension at regular intervals. Over the years, insurers have added various features to basic insurance policies in order to address specific needs of a cross section of people.ULIP planUnit linked insurance plan (ULIP) is life insurance solution that provides for the benefits of risk protection and flexibility in investment. The investment is denoted as units and is represented by the value that it has attained called as Net Asset Value (NAV). The policy value at any time varies according to the value of the underlying assets at the time. In a ULIP, the invested amount of the premiums after deducting for all the charges and premium for risk cover under all policies in a particular fund as chosen by the policy holders are pooled together to form a Unit fund.A Unit is the component of the Fund in a Unit Linked Insurance Policy. The returns in a ULIP depend upon the performance of the fund in the capital market. ULIP investors have t he option of investing across various schemes, i. e. , diversified equity funds, balanced funds, debt funds etc. It is important to remember that in a ULIP, the investment risk is generally borne by their investor. Life insurance companies in IndiaIn India, Insurance is a national matter, in which life and general insurance is yet a booming sector with huge possibilities for different global companies, as life insurance premiums ccount to 2. 5% and general insurance premiums account to 0. 65% of India's GDP. The Indian Insurance sector has gone through several phases and changes, especially after 1999, when the Govt. of VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABAD Page 13 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY India opened up the insurance sector for private companies to solicit insurance, allowing FDI up to 26%. Since then, the Insurance sector in India is considered as a flourishing market amongst global insurance companies. However, the largest life insurance com pany in India is still owned by the government.Top 5 life insurance Company in India? Life Insurance Corporation of India (LIC): This remains the largest insurance company in India and is owned by the government. In 2008, LIC accounted for 64 percent market share. Although it is still the market leader, the company has to battle against the innovative strategies and better sales force of private enterprises. Life Insurance Corporation of India (LIC) registered an 83 per cent increase in new business income in March 2010, while private players posted a 47 per cent growth in new business premium. ICICI Prudential Life Insurance: This life insurance companies has attracted a loyal customer base with great customer support and a wide range of cheap policies to choose from. ? Bajaj Allianz general Insurance: This private company has been rising steadily in terms of market capture. It now sells the second most number of insurance policies in India after LIC and has been growing at a fast pace since 2006. ? Birla Sun Life Insurance: This Company has played its cards well. It offers a variety of insurance policies for the customers to choose from, provides them with attractive deals and offers great customer service and support.There is no reason why people shouldn’t prefer this one. VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABAD Page 14 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY ? SBI Life: Though a little slow on the marketing propaganda, SBI Life has been consistently growing in the Indian life insurance market because of good service and a great brand image. Consumer perception for life insurance – According to the need life insurance is the second need of people, because nobody knows about future. Life is suffering from full of risk and incidents. Nobody knows that what would be a financial condition in coming time.To be secure about future people are speedily holding insurance policy. Insurance is actually a protection against economic l oss, by sharing the risk with others. â€Å"Consumers need Life Insurance because typically the need for income continues for those who are financially dependent on them, but there is no guarantee of their ability to earn consistently and for the rest of their life. Life insurance can help them safeguard the financial needs of their family. This need has become even more important due to steady disintegration of the prevalent Joint family system and emergence of nuclear families.The need to protect their family's ever growing needs is why they need Life Insurance†. Consumer buying behavior for buying life insurance policyA consumer buying behavior starts from need/requirement for product, then evaluation about product and decide product, which gives better satisfaction then take decision for buying. ? Need- Need or requirement is a primary model for buying a life insurance. A need arouse people to act of buy. Different person have different purpose for buying life insurance s uch as: investment for future security or family obligation (children education, children marriage) or risk cover.If there are individuals who depend on you for financial support, or if you work at home providing your family with such services as child care, cooking, and cleaning, you need life insurance. Older couples also may need life insurance to protect a surviving spouse against the possibility of the couple's retirement savings being depleted by unexpected medical expenses. And individuals with substantial VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABAD Page 15 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY assets may need life insurance to help reduce the effects of estate taxes or to transfer wealth to future generations. Information search- After recognize need, they search for limited amount of information regarding loyal companies, and its plan according to their desire. At the next level the person may enter an active information search: looking for regarding insu rance, phoning friend, go online, meet to salesman and advertisement are rich source to gather information. ? Evaluation of alternatives- Having information about many companies, they evaluate which company giving better plan according to their’ admire within the budget. Second they look for certain benefits from the policy and stability of company.Third customer see Each insurance as a bundle of attributes with varying abilities for delivering the benefit sought to satisfy their need such as: ? ? Face Value — The original death benefit amount. Convertibility — Option to convert from one type of policy to another (whole life), usually without a physical examination. ? ? ? ? Cash Value — The savings portion of a policy that can be borrowed against or cashed in. Premiums — Monthly, quarterly, or yearly payments required to maintain coverage. Beneficiary — The individual(s) or entity (trust) that is designated as benefit recipient.Paid Up †” A policy requiring no further premium payments due to prepayment or earnings. ? â€Å"Customers evaluate all positive and negative point of services according to importance and give preference to a better plan provided by company. † Purchase decision-. In the evaluation stage, customer form preference among the company, full filling their requirements. But there are few factors, which can divert consumer mind set. ? Other person can make them advice for another investment like: share market, bond, mutual fund and bank deposit or other alternatives. VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABAD Page 16CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY ? ? ? ? ? ? ? An unsatisfied policy holder can divert their mind. Customer is not getting a loyal salesperson. Customer is influenced by perceived risk for losing money. The policy is not giving up as ones expected. They attracted for other best investment. Ones may be a policy holder and not getting benefit as ones expec ted, so he is not getting decision for buy. Customer may be from rural area, he is not getting belief at company cause of conservative thinking. â€Å"If Customers get satisfaction struggling from these all factor, then they make decide for buy insurance policy. The Purchase Decision The purchase decision in general is prompt by number of factors viz. Psycho graphical, Economical, Social, Political legal and Demographical.The list is not exhaustive but it is sufficient to have the deep understanding of the factors influencing the decision. Psycho graphical Factors are those factors, which includes the behavioral aspect of the individual viz. lifestyle, living standard. Here purchase decision in influenced by those issues that affect the lifestyle of the consumer or in the other that reflects the status. For e. g. purchase decision related to buying of car and that to Mercedes Benz. Talking specifically to the insurance sector, here customer will buy only that policy that has got hi gh premium or that type of policy which company is promoting to limited high-income level group only. For e. g. â€Å"Classic Life premier† policy of Birla Sun life insurance is meant for only those individual who can pay at least Rs. 25000/- per annum. Economical factorEconomical factors affect the purchase decision by influencing the issues pertaining to money and income level of the individual.Consumer will buy only that product which will not have any VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABAD Page 17 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY negative effect on his pocket. For e. g. decision to buy an insurance policy is influenced by the deepness in the pocket. Social factorSocial factor affect the purchase decision by influencing the issues pertaining to social beliefs and morals. Person influenced by group and their family members. They buy mostly same plan from same company whether their friends or family members have it.Some time if ones want to buy a new plan from other companies, their family member remorse them to buy it. Political factorsPolitico legal is the macro level environment. It effects in a way, say IRDA has restricted the sale of Key Man Insurance policy through Term Plan only. Demographic factorDemographical factor is that factor which has got the maximum of its effect in the purchase decision of the product and especially if that product is life insurance product. It is so because these factors incorporate other above said factors and includes those factors that can influence the buying decision to maximum extent viz.Occupational factor (service/business), Age factor, Gender, Marital status factor and Income level etc. It cannot be denied that buying decision of the individual who is unmarried and is into business, having the income level of the range Rs. 2. 4 lakhs per annum, is into the age group of say 25 years have the entirely different approach towards purchase of the life insurance policy with the individu al who is into service and is married, is into the age group of, say 35, and is earning Rs. 30000/- per month.Keeping the above phenomena under consideration a study was conducted to know exactly to what extent Demographical factor has got its influence in purchase decision of the life insurance product. VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABAD Page 18 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY The Study This study, which was conducted in the city of Bangarmau (Utter Pradesh), covered almost 50 individual of different status. The duration of the study was almost one month. The method which we used to collect the information was through questionnaire and personnel interview.The data so collected was grouped according to the company of the consumer's choice from where they have purchased the product and further it was analyzed that what was the demographic profile of that consumer and result was thus generalized. The study covered 50 individuals, of which 84 % were fo und insured and 16 % uninsured. Of the total insured 75% were from 21-45 age group and 25 % were from age group 46-60. It was 78 % of the male who was there in the total insured and rest 22% were female. Occupation wise 40 % of the total insured were into service and 60 % into business.Thus the overall penetration of companies in to the psyche of consumer buying preference (based on the customer's purchase of a company's life insurance policy) is given in the graph as under: Types of consumer- There are two kinds of customers according to their region? Urban customer? Rural customer- I did my research in rural area. It is my home town name is Bangarmau. I find that people having lack of knowledge and awareness about life insurance. Here insurance adviser playing a vital role to make them aware and convenience them for buying life insurance policy.In the exact word I can say that people don’t buy policy here, they buy belief of adviser. They buy it on the basis of reputation a nd loyalty of insurance adviser. Here customer do not worry about their security, they buy it as a investment, which should give them good return in very short of time. I find that if adviser does not push them for having life insurance, number of people would be very less to buy life insurance. VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABAD Page 19 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY The main factor is unawareness, that’s why they do not believe at Pvt Company.They have fear about lost their money, because they don’t know what IRDA is and what it is work. QuestionnairesI prepared 13 questionnaires to know about consumers’ perception for buying life insurance policy. 1-Whether you have life insurance policy? life insurance 50 40 30 20 10 0 yes No 8 yes No 42 2- As what purpose did you buy it? VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABAD Page 20 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY policy holder investment family obligation sa ving tax 10% 19% 71% 3-If yes, which company life insurance you have? COMPANYNO. OF POLICY (x-8. 4) HOLDER (x) S. D. LIC SBI Reliance ICICI Bajaj 26 4 6 0 6 17. 6 -4. 4 -2. 4 -8. 4 -2. 4 9. 11 I did survey around 50 people at Bangarmau. I find that consumer mostly prefer LIC for life insurance. Actually it is a business town and people do not have enough knowledge about regulatory authority, that’s why they do not believe on other Pvt. companies. I got above 60% people have policy of LIC out of 42 policyholder. VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABAD Page 21 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY Three more Pvt.Insurance companies are providing service at Bangarmau, but consumers are less responsive for those companies, it is less than 40 % customer hold by these companies. Mean for all these customer towards company is 8. 4 and standard deviation is 9. 11. 4-What was the source of medium, you buy it? T. V. Insurance adviser Other 6 34 2 Here customer do not go at company to buy policy, they always need a agent to make them understand about the better plans and companies, which is good service responsiveness. Those people belong to the service sector, they influenced towards TV and other sources for buying policy -What is the feature of your policy attracted to you? Low premium High risk coverage Money back guarantee Reputation of company Agents convictions 2 2 12 3 23 VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABADPage 22 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY Most of the policyholder in this region are businessman, they need only high growth of their money that’s why they maximum attracted by money back guarantee, but agent attracted them a lot. They make them understand better plans. Customer influenced by agents behavior and they believe upon company, what they suggest them. -Now you are satisfied with your policy? Satisfied Not satisfied Not respondent 36 4 2 7- People perception at appropriate age for buy ing life insurance policy? VIGNANA JYOTHI INSTITUTE OF MANAGEMENT, HYDERABAD Page 23 CONSUMER BUYING BEHAVIOR FOR LIFE INSURANCE POLICY Age No. (X) Mean Standard deviation < 25 year 25-34 35-44 45-54 55-64 65 above 3 15 12 5 5 2 0. 6 3 2. 4 1 1 0. 4 1. 07 5. 36 4. 29 1. 78 1. 76 0. 71 Customer belongs to 25 -45 maximum prefer the insurance policy sake of growth of money and saving the tax. People, who are less than 25 year are students,