Importance of Being On Time Essay

Scheduling the work day is one of the most important duties any leader in the Marine Corps or the Armed forces in general, tackles each and every day. Being at the right place at the right time for any member of the Armed forces is extremely essential to the defense of the entire United States of America. It’s because of this that being on time is remarkably important. Dependability, accountability, consistency and discipline are all crucially important for all members of the armed forces. Being on time shows that a Marine is dependable and has his or her priorities straight. Being at the appointed place of duty means to be there on time and has always been one of the most important aspects of being a Marine. Failure to be on time not only hinders mission ready capability and readiness, but also can without a doubt cost unnecessary loss of life. It is important to realize that it is necessary for those in the Armed Forces are held to a high standard. Punctuality remains and always will be an extremely vital aspect of military bearing and discipline. It has a direct correlation to a Marine appearance, combat readiness, mission effectiveness, and essentially every aspect of military life and responsibility. I cannot place enough emphasis on how important being on time constantly is. For instance; a Marine who is late or does not report at all to a place at the time ordered effectively compromises and diminishes the efficiency of which the task or mission at hand can be completed. In an extreme case a Marine who is not on time to relieve the current guard’s post would cause the combat effectiveness and readiness of the unrelieved guard to be greatly reduced. This would be caused by fatigue, or lack of supplies, etc. Consequently the guard on post could be compromised and the security of the area could be breached. These things do occur, however, they can undoubtedly be avoided by merely, once again, being on time. The importance of being on time is so you will be early to where ever you need to be and accomplish whatever you need to do. If you are early you will always have time to make sure everything that you need to do is straight and there aren’t any errors in what you need to do. It is important to be on time for work because it shows that you are dedicated in the things that you do and it can help you in moving up in your field of expertise. It is important to be on time in the military because you will be at the right place at the right time, you will be accountable for and if anything was to happen no one can accuse you of anything because you were where you were suppose to be at the right time. Whenever you show up late to something it shows that you have no discipline or respect for anyone else because now everyone has to wait for you to arrive instead of starting on time or possibly earlier. It is important to be on time because it shows leadership, commitment, loyalty and that you are responsible enough to be trusted without supervision. It is very important to be on time because it is crucial to the mission, my leadership, and me as a Marine.

Bill Miller and Value Trust Essay

1. How well has Value Trust performed in recent years? In making that assessment, what benchmark(s) are you using? How do you measure investment performance? What does good performance mean to you? Value trust had outperformed its benchmark index, the Standard & poor 500 Index for 14 years in a row; am average annual total return of 14.6 percent, which surpassed the S&P 500 by 3.67% per year. Value trust had earned a cumulative return of more than 830% over the previous 14 years, more than double that its average peer and the index. There are two ways to mearsure investment performance; the percentage of annual growth rate of NAV assuming reinvestment (the total return on invenst) and the absoulute dollar value today of an investment made at some time in the past. These measure then compared with the performance of a benchmark portfolio such as the Russel 2000 Index or the S&P 500 Composite Index. 2. What might explain the fund’s performance? To what extent do you believe an investment strategy, such as Mill’s explains performance? Some observers attributed this success to the fund manager’s conscious strategy of staying fully invested at all times rather than attempting to time the extent of market investments. Another popular explanation for the fund’s performance was the unusual skill of Bill Miller, the fund’s portfolio manager. His approach was research-intensive and highly concentrated when 50% of its assets were invested in just 10 large-capitalization companies and he was not averse to take large positions in the stocks of growth companies. 3. How easy will it be to sustain Miller’s historical performance record into the future? What factors support your conclusion? NOT EASY EMH LUCKY EVENT 4. Consider the mutual fund industry. What roles do portfolio managers play? What are the differences between fundamental and technical securities analysis? How well do mutual funds generally perform relative to the overall market? Technical analysis: This involved the identification of profitable investment opportunities based on trends in stock prices, volume, market setiment, Fibonacci numbers,etc. Fundamental analysis: This approach relied on insights afforded by an analysis of the economic fundamentals of a company and its industry: supply and demand costs, growth prospects, etc. Mutual funds were able to perform up to the market on a gross-returns basis; however, when expenses were factored in, they underperformed the market. 5. What is capital market efficiency? What are its implications for investment performance in general? What are the implications for fund managers, if the market exhibits characteristics of strong, semi-strong, or weak efficiency? Three levels of market efficiency. 6. Suppose that you are an advisor to wealthy individuals in the area of equity investments. In 2005, would you recommend investing in Miller’s Value Trust? What beliefs about the equity markets does your answer reflect?

Knowledge Management Essay

The purpose of this essay is to answer the questions from the â€Å"Tata Consultancy Services (India)† case study on pages 253-255 of Jashapara (2011) The discussion includes advice regarding a strategic alliance with Cisco. Two of the key elements of this case study which are discussed are describing the current weaknesses in Tata Consultancy Services with an approach to knowledge management and the improvements that are made to eliminate these weaknesses. In the discussion, strategic alliance is explained by definition and examples are provided as well to justify. The advice to knowledge management issues has been discussed. The planning and concepts are communicated and a detailed answer is written to discuss facts with the use of external sources and these have been referenced. Towards the end after all the points been considered, improvements with the linking to knowledge management have been advised. Contents Introduction3 Background3 Objectives3 Scope4 Strategic alliances with Cisco4 Current weaknesses in TATA services5 Improvement on the weaknesses6 Conclusion8 References9 Introduction Background Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. Tata Consultancy Services is a leading global IT services, business solutions, and outsourcing company with offices in 35 countries and growing at over 30 percent in revenue terms for the last couple of years. One key challenge arising out of the rapid growth in people intensive business such as TCS has been ever-increasing demands on the IT infrastructure. (www.tcs.com) Cisco Systems is a large corporation that produces computer networking products and services. The Linksys brand of consumer networking products is also an owned subsidiary of Cisco Systems. (http://compnetworking.about.com) Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. It was decided by TCS that to expand their allegiances, they were to make a strategic alliance with Cisco without harming the long-term and short-term goals of each company. The aim of this essay is to provide a practical approach with clear guidance for TCS and decision makers in TCS. It shows how KM can enable an organization to respond effectively to the changing business background and achieve its strategic goals. Objectives The TCS-Cisco partnership has been active since 2003. This partnership focuses on go-to-market activities for a range of Cisco technologies, including the next generation datacenters (Cisco Unified Computing Systems), advanced networking, security and collaboration. It also focuses on  developing replicable go-to-market business solutions leveraging cutting-edge Cisco technologies like UCS, and TCS strengths in IT application services, IT infrastructure services and domain expertise in key industry verticals. (http://www.tcs.com) Scope Includes discussion of advice regarding a strategic alliance with Cisco Discussion includes explanation of strategic alliance and points are raised in relation to knowledge management. Continues to talk about the current weaknesses in Tata Consultancy Services approach to knowledge management. This section is helped by many examples from external resources. Finally solutions on how these weaknesses can be improved are been mentioned. Furthermore this section is supported by many examples and the examples have been referenced. Strategic alliances with Cisco Strategic alliance is an agreement for cooperation among two or more independent firms to work together toward common objectives. (http://www.businessdictionary.com) It is a preparation between two companies that have decided to share resources to undertake a specific, mutually beneficial project. A strategic alliance is less involved and less permanent than a joint venture, in which two companies typically pool resources to create a separate business entity. In a strategic alliance, each company maintains its autonomy while gaining a new opportunity. A strategic alliance could help a company develop a more effective process, expand into a new market or develop an advantage over a competitor, among other possibilities. (http://www.investopedia.com) Investopedia explains ‘Strategic Alliance’ For example, an oil and natural gas company might form a strategic alliance with a research laboratory to develop more commercially viable recovery processes. A clothing retailer might form a strategic alliance with a single clothing manufacturer to ensure consistent quality and sizing. A major website could form a strategic alliance with an analytics company to improve  its marketing efforts. (http://www.investopedia.com) Knowledge Management can make a significant difference between ongoing or successful ventures of any organization in a world of accelerating change. Knowledge Management provides the ability to connect and cooperate complex ideas efficiently and can be beneficial even to expand when using strategic alliances. To make Knowledge Management work in an organization it must be grounded in the realities of the business needs and drivers, and aligned to the delivery of organizational objectives, which this case TCS requires for the expansion of their organization. It should not be seen as an optional or marginal activity but as part of the organizational essential need, embedded in their business process, which is highly relevant in their solutions. Current weaknesses in TATA services Strategic alliance can cause major problems if not handled properly. As part of the start of the alliance, TCS have to incorporate Cisco’s Data Centre technologies, with TCS’ industry-leading IT services, business solutions and outsourcing. The practice will focus on helping customers develop next-generation virtualized data centers and achieve greater operational and energy efficiency. The companies will also explore new networking innovations to address the needs of large and small businesses for IT services. One of the main concerns was over the alignment of short term and long term goals of both organizations and the value of strategic alliance in the current downturn in global markets. Most staff will need training to adjust to the new systems. The two companies want to cooperatively come up with and supply information technology service solutions to clients that will help their businesses build next-generation data centers by taking advantage of the network as a platform. The two companies are spread out in a wide range of countries and due to this there are a lot of communication issues. Tata Consultancy plans to build a new technology practice focused on Cisco’s industry-leading data center networking and security solutions. The companies also announced the formation of a Cisco Technology Lab at the TCS campus in Chennai, India. These all add up to additional costs but have to be done to train staff into  the new systems Cisco and TCS have to develop solutions that meet the infrastructure and network requirements of global corporations. Both companies have to invest in skills development and training labs to provide an end-to-end solution to meet customer requirements. As part of the new practice, TCS will incorporate Cisco’s Data Centre 3.0 technologies, with TCS’ industry-leading IT services, business solutions and outsourcing. The practice will focus on helping customers develop next-generation virtualized data centers and achieve greater operational and energy efficiency. The companies will also explore new networking innovations to address the needs of large and small businesses for IT services. â€Å"Customers are demanding greater dynamism from their IT infrastructure and application environment to address current challenges and to capitalize on opportunities whenever and wherever they emerge,† said Mr. N Chandrasekaran, chief operating officer and executive director of TCS. â€Å"This strategic alliance will take advantage of Cisco’s industry-leading data center networking soluti ons and TCS’ global network delivery model to help our customers increase the efficiency and agility of their IT operations.† (http://blog.topitconsultant.com) Also some concerns were about improving operational efficiency and productivity, enable business agility, and improve enterprise knowledge. Improvement on the weaknesses The two organizations came up with a lot of strategies, that is plan of action that channels the two organization’s resources so that it can effectively differentiate itself from competitors, accomplish distinctive goals, and achieve higher performance. Managers develop strategies based on the organization’s strengths and weaknesses, and evaluation of opportunities and threats. The Managers primarily make decisions about the firm’s activities, and the development and allocation of resources devoted to these. The TCS-Cisco strategic alliance enables end-to-end IT infrastructure services, united with assurance services, and IT application services enabling seamless system integration of Cisco products. Cisco and TCS plan  to develop go-to-market solutions that meet the infrastructure and network requirements of global corporations. Both companies will invest in skills development and training labs to provide an end-to-end solution to meet customer requirements. Cisco has recognized the low-cost advantage of operating in India as well as high pool technology talent and expertise. Tata consultancy services already provide IT consultancy services to a large amount of countries. The company offers some of the most complex applications and next generation IT infrastructures in the world. Tata consultancy services’ in-depth knowledge of different business domains combined with its technological skills makes it a a very competent organization. One major improvement is that they use various strategies to improve knowledge management they use three main strategies or as they call it â€Å"the three pillars of knowledge management†, which are people, process and technology. In terms of people one of the key values is learning and sharing. The company has introduced three initiatives to promote a greater learning culture. First is the proactive employee engagement program which allows senior managers to have face to face meetings with employees across various functions and grades. The other initiative has promoted a share care grow culture and and encouraged individuals to advance their own ideas and resolve ideas at local level. Finally the last initiative was professional excellence role enhancement ownership culture personal growth employee and learning. Tata consultancy services has another training hub in addition to others as well to further train new recruits in different aspects of software engineering, quality systems and different technologies which is a major improvement. The training included soft-skills development such as leadership and teamwork. The trainers were drawn from different parts of the business with significant subject expertise and experience. Tata consultancy services have also made training centers overseas in line with its global expansion. Also Tata consultancy services have developed a number of ICT interventions to increase knowledge sharing. Some of the main improvements to help with the strategic alliance are to advance knowledge, learning, and skills development. Conclusion The purpose of this essay was to answer the questions from the â€Å"Tata Consultancy Services (India)† case study. The essay started by mentioning a short description of the history of the two companies. The discussion included advice regarding a strategic alliance with Cisco. Two of the key elements of this case study which were discussed. The current weaknesses in Tata Consultancy Services with an approach to knowledge management and the improvements that are made to eliminate these weaknesses have been mentioned In the discussion, strategic alliance was explained by definition and examples provided as well to justify. The advice to knowledge management issues has been discussed. The planning and concepts are communicated and a detailed answer is written to discuss facts with the use of external sources and these have been referenced. Towards the end after all the points been considered, improvements with the linking to knowledge management have been advised. As per the objectives of this essay, the current weaknesses in Tata Consultancy Services with an approach to knowledge management and the improvements that are made to eliminate these weaknesses are discussed. References . 2013. . [ONLINE] Available at:http://www.tcs.com/resources/Pages/filterResults.aspx?topic=Services_Consulting&type=Case%20Study. [Accessed 16 April 2013]. Cisco Systems – About Cisco Systems Networking. 2013. Cisco Systems – About Cisco Systems Networking. [ONLINE] Available at:http://compnetworking.about.com/od/cisconetworking/p/cisco-systems.htm. [Accessed 16 April 2013]. IT Consultants’ Blog at TopITconsultant.com . 2013. IT Consultants’ Blog at TopITconsultant.com . [ONLINE] Available at:http://blog.topitconsultant.com/category/TATA-Consultancy-Services.aspx. [Accessed 09 May 2013]. Mohammad Masrurul, M 2012, ‘An Overview of Strategic Alliance: Competitive Advantages in Alliance Constellations’, Advances In Management, 5, 12, pp. 22-31, Business Source Complete, EBSCOhost, viewed 9

Understanding Business and Management Research Methods Coursework - 1

Understanding Business and Management Research Methods - Coursework Example When choosing a model, it is critical to know the theory being applied. Studies indicate that, behind every method, there is always a theory. This paper will discuss the three business and management research methods. The paper will start with the introduction, and then literature review, then analysis and evaluation of different methodological approaches, and finally highlight the main findings. In any research, it is always recommended to choose a single paradigm (qualitative, quantitative, or mixed) for a research work (Anderson, 2009). The selection is based on the pragmatic choices which are time, skills, and overall size of the project. The research methods are based on differences in the nature of reality, relationships to that being researched, role of values, use of language, and overall process of research (Bellamy, 2012). Research methodology is what constitutes a research activity. Bowerman (2013) distinguishes the three research designs as follows Quantitative research: This design is useful for exploring and understanding the meaning behind problems. Data is collected on the participants setting, and the researcher makes interpretation of the data collected (Bowerman, 2013). Quantitative research: The researcher tests theories by examining the relationship amongst variables that can be measured on an instrument to allow numbered data to be analysed using statistical procedures (Bowerman, 2013). Mixed methods: This design combines both qualitative and quantitative forms of research. It concerns the application of qualitative and quantitative methods in tandem, to allow the strength of the study to be greater than either a qualitative and quantitative approach (Bowerman, 2013). When undertaking a business research, a combination of different types and sources of data is required to derive strong findings. The types of data are qualitative and quantitative, and the types of sources are primary and secondary sources (Harwell,

Students need to produce an industry report, (BMW) highlighting their Essay

Students need to produce an industry report, (BMW) highlighting their research on the industry, the main players, their understanding of trends and their suitability - Essay Example activity vehicles; and innovative features such as, dynamic stability control or the integrated driving system introduced by BMW, known as the I-Drive (Fleischmann, Ferber and Henrich, 2006). The growing demands of customers for individual configuration specifically in premium cars have made automobile companies like, BMW, to come up with creative ideas so as to stand apart in this fierce competition and gain significant competitive advantage. Alongside the classical markets in North America, Europe and Japan, newer markets such as, China and the Eastern Europe, are also emerging. The product life cycle in emerging markets are supposed to be dissimilar from the one that is witnessed in already developed markets. This provides big opportunities for companies like, BMW, to sell models, which have been discontinued in the established markets, in these relatively newer markets. BMW has been implementing effective strategies in order to set up their production sites throughout the globe for bringing their production closer to markets and thus, satisfy growing needs and demands of the customer base. This has enabled them to accrue benefits by attaining country specific advantages. Example of such advantages attained by the company include incentives for investments and accessibility to cheap labour that they have obtained by gaining entry into emerging markets such as, India and China (Fleischmann, Ferber and Henrich, 2006). This study involves a thorough analysis of BMW’s strategic management. The following sections will discuss BMW’s strategic planning aspects and their business model will be subsequently explained. Thereafter, the company’s understanding of current trend in the industry will be explained. The report will also include Porter’s five forces analysis of the automobile manufacturer and lastly, a recommendation will be provided. The BMW Group headquartered in Munich, Germany, is primarily engaged in the manufacturing and sales of BMW, Rolls Royce

Human Rescource Management Essay Example | Topics and Well Written Essays - 1500 words

Human Rescource Management - Essay Example Rousseau (1989) defines the psychological contract as â€Å"an individual’s beliefs regarding the terms and conditions of a reciprocal exchange agreement between that focal person and another party† (p. 123). There are various aspects of the work force like variations in the job, nature of job, challenges of the work and other areas that have been considered as growing areas of interests (Hughes and Palmer, 2007). There has been various human resource management issues related to the contingent work force that provided one of the most appropriate areas of studies for the professionals and researchers. According to Feldman (2006 as cited by Hughes and Palmer, 2007) the Bureau of Labour Statistics (2005) revealed that the contingent workers formed nearly 10% of the workforce in early 2005. George and Kelly-Patternson (2007) covered different importance of psychological contract within various professional groups. The present economy has transformed from the manufacturing to service and service to knowledge based economy. The experience and skills of individuals have become base for economy. The psychological contract is high in the knowledge based industry. Success of the projects depends on the psychological contract. Psychological contract is explained with respect to emotional aspects of loyalty of employees and support from the organisation (Grimmer and Oddy, 2006). There are individual perspectives of employees, perception of the employees and mutual promise among the employer and employees (Rousseau, 1995). Working relationship of the individuals and organisation is covered in psychological contract (Sparrow and Cooper, 1998). Psychological contract is explained with the use of the term â€Å"unwritten expectations† (Wellin, 2007). These expectations are ever-changing and continuously operating between the all the members of the organisation. There are transactional psychological contract and relational psychological contract. Transactional

Without Assignment Example | Topics and Well Written Essays - 750 words

Without - Assignment Example These new policies drained the reserves but were instrumental in activating the lender of last resort policy. Compare the Feds response in the 2007–2009 financial crisis to its response to the economic downturn of the 1930s, and how its actions in 2008 helped prevent a repeat of the earlier economic downturn. (5 points) The two crises are very similar, the cost of housing shot up in the 2007 – 2009 crises and the cost of gold had shot up in the downturn of the 1930s. Roosevelt’s New deal policy was just like the bailout that happened recently. The bailout helped the economy regain its stability and also catered for the causes of the crisis. As such, there would be no repeat of the same. Your brother knows you are taking a class in money and financial institutions and shows you the yield curves for December 4 and December 7, 2007. He asks you what might explain the shift in the curve between these two dates. What do you tell him? (5 points) Discuss the relationship between consumption growth and the returns to NASDAQ. What impact does this have on the AE curve? Using this, what do you think happened to real GDP from 1991 to 2000? (5 points) Consumption growth leads to an increase of return for NASDAQ. This causes a rise on the AE curve due to the increased productivity of the population and the need for more in consumption. The real GDP has had a constant growth over the decade running from 1991 to 2000. In the 1990s, Japan suffered what is called a â€Å"lost decade† of economic growth. In 2007–2009, the United States suffered through the worst recession since the Great Depression. Compare the causes and impact of each of these two countries experiences. (10 points) The experiences were caused by the bubble collapse, in asset price for Japan and housing for the United States. In both cases, thee was investment in the too big to fail institutions and their losses led to crises. There were

SWOT Analysis for My Writing Essay Example | Topics and Well Written Essays - 500 words

SWOT Analysis for My Writing - Essay Example In the essay I have used simple sentences that are easy to understand. The sentences are short and precise. This makes them easy to comprehend and understand. The paragraphs are also short and the sentences link making them to be characterised by coherence unity and adequate development of the ideas. The points are valid and supported by strong ideas and arguments. I have used good vocabulary that is easy to understand. The paper also have some elements of creativity as it carries my personality opinions and individuality. The weaknesses in my writing is some spelling errors that is evident in parts of the essay. Some words are not spelt correctly hence lowering the quality of the essay. The paper has also elements of poor grammar that makes some sentences cumbersome to read. In some paragraphs the sentences are not well organised. The ideas are distorted making the essay difficult to understand. Some sentences are not logical and clear inhibiting the coherence of some paragraphs. Some sentences lack appropriate punctuation marks. I failed to put comas and full stops this makes some sentences to be unnecessarily long and difficult to understand. English being my second language the grammar used was in some cases poor. My paper also lacks a clear conclusion. The opportunities I had in my writing was the availability of the writing centre. I was able to acquire information and ideas from the writing centres. There was also the online dictionary which helped in confirming the meaning of some words. I also got appropriate vocabulary in relation to my subject and topic from the online dictionary. The library also came in handy in acquiring information and ideas which support my writings. In the library there were books and journals which provided supportive information and guides for the writing. The writing instructor from Saint John College also played a big deal in ensuring the quality of the

Entrepreneurial Innovations Research Paper Example | Topics and Well Written Essays - 750 words

Entrepreneurial Innovations - Research Paper Example In addition, the wide-ranging availability of the Internet for performing business-related tasks of the businesses, sellers, and buyers is the primary reason behind the development of electronic commerce (or simply e-commerce). Actually, â€Å"electronic commerce is the method of selling and purchasing services and goods and products performed electronically by means of computerized business transactions over the Internet, networks, and other digital technologies† (Laudon & Laudon, 1999, p. 25; Stair & Reynolds, 2003, p. 19). There are different kinds of innovations in the context of IT, which can be implemented by an organization to upgrade their business processes. For instance, an organization can automate their business process, implement an e-commerce portal or use the Internet for marketing strategies and so on. Innovation in the context of organizational change also plays a significant function in the business organizations. No matter, whether a business organization is going to formulate or launch a new product, or going to introduce a new service, or going to invent and put into practice a technological invention that can change the business processes or a new management tool or technique, innovation, and organizational change helps the business organization develop and put into operation a business strategy and infrastructure. In fact, many business organizations invest a higher proportion of their finances in forming and implementing an innovation strategy than others.  

Tourism and Hospitality Industry Essay Example for Free

Tourism and Hospitality Industry Essay Globalization refers to the increments in the relationships of the people, industries, culture and various activities of economy. The term Globalization refers to the economics and all the global distribution of the production of goods and service which ultimately reduces the barriers of international trade like export fees, import quotas and various other tariffs, Cowen (2003). The Globalization has contributed to the growth of economy in a considerable manner. The globalization have accompanied to economic growth in developed and developing countries through increased specialization and the principle of comparative advantage. Globalization means the transnational change between the ideas, languages, and popular culture of different nations and countries so as to increase the diversity in the economy and enhance the growth of economy. It is argued that the decrease in the inter-cultural contact will increase the possibility of international and intra-national conflict. According to Shoa (2002), the globalization impacts the hospitality industry in prospect to the national as well as international hotel and tourism industry as a new occurrence. Actually, there are many hotels which are dealing with the international players even in the eighties. However, these days, the phenomenon has become so common that some company’s claim fifty percent of their profits will emanate from foreign companies, Pimentel (2008). The major factor behind the higher impact of globalization is that the hospitality sector has attracted international hotels into foreign countries and they are exploring the efficient and cost effective methods of doing business. The economies of scale are not just a theoretical phenomenon. it equally works in the hospitality sector and has considerable impact of globalization on the same. The hotels have realized that the larger they become the lower their production costs and the higher their profit margins. Besides that, the business within the industry will take their business to overseas and they can tap the unexplored markets that would never have been reached in local markets. Another reason that has increased the impact of globalization and has also increased the propensity for globalization within hosp itality industry is increasing competition within local markets. Consequently, in order to expand their respective businesses, the hotels and tourism  industries have started exploring the untapped markets and therefore, the globalization have started impacting the growth and profitability of the overall hospitality sector. However, it is necessary to look for the new markets as the increasing numbers of players in this industry are increasing the internationalism and competition within the hospitality industry. According to McAlister (2005), it is also likely that there are so many competitors which are now entering into new markets because they will allure the global brands. In contract to local brands, international markets would have to tailor their brands to suite specific conditions in the local market. However, with increasing talk about global brands, now international hotels can market their services to a wide array of consumers who happen to be agents of globalization themselves. Most of the consumers are multicultural in this scenario and always looking for ways to move themselves and their resources easily across various parts of the world, Dreher (2008). In this case, the main concern of study is to get the understanding of the impact of globalization on hospitality and tourism sector industries. For this case, there has to be geographical location on which the whole study can be done and further geographical analysis will be based on the same. The location which is chosen for the case is India which is a country in South Asia, Roger (2004). The economy of India is the ninth-largest economy by nominal GDP in the world and fourth-largest economy by purchasing power parity. According to Smith (2009), the reason for choosing India for this case is that it has very fast growth rate of economy and is considered a newly industrialized country. However, it also has so many challenges such as poverty, illiteracy, corruption, and inadequate public health. PEST analysis The concern of the study relates to the impact of Globalization on the hospitality and tourism industry and for the same concern, it is necessary to do the PEST analysis which stands for Political, Economic, Social, and Technological analysis and describes the conceptual framework which is used for the macro environmental factors and the environmental factors can be analyzed for the strategic management, Cowen (2003). The external analysis can be easily done by the PEST analysis and the overview of the different  macro environmental factors that the company has to take into consideration has to be done for the betterment of the organization. It is considered to be as a very good strategic tool for understanding market growth or decline, business position, potential and direction for operations. PEST analysis of hospitality sector The hospitality industry is very important to analyze as the hospitality sector includes a broad category of restaurants, hotels, event planning, transportation, cruise line, and so many additional fields. This particular industry is a very growing sector and has a considerable contribution to the economy, Jeffrey (2005).The unit of hospitality such as a restaurant, hotel, or even an amusement park consists of multiple groups such as facility maintenance, direct operations, management, marketing, and human resources which need to be maintained for the betterment of services. The productivity of the people as well as the location has to be improved for the overall growth of the organization, McGrew(2001). Political Environment . The Political environment refers to the various government policies related to the particular sector which can affect the service and hospitality sector such as the degree of intervention in the economy. The hotel industry as well as tourism industry has a basic backbone of the government support, Ross (2006). The huge amount of taxes has been charged by the government for the different category of hotels and therefore it has a huge impact with the political changes that occur. Any small step taken by the government by changing some law it would seriously affect hotel as well as the tourism industry. Economic the economic factors relates to the interest rates, taxation changes, economic growth, inflation and exchange rates. In the recent past, the people are willing to pay large amount of money for the services they get and the more the guests pay the more would the hotel and the industry would prosper ,John (2009) as the paying power of the people or customers will increase, the need for the good and luxurious hotels become massive. The economy of India has faced one of the most minimal drops in the whole world  and it has helped the hotel to get concentrated on the foreign travellers which had reduced and the local market being stable was much of a relief to the Indian Hotel Industry. . Social The social factor refers to the changes in social trends as it impacts the demand for the products of the company as well as the availability and willingness of individuals to work with the particular organization, Suryadinata (2000) As the social factor influences the people up to the certain extent which includes the culture and various other social factors within the society. . Technological There are so many software’s which are used for the management of hotel within the hospitality industry and the standards of the hotel has to match with the technology standards of the industry, Jeffrey (2010). The Hotel management software and technologies used have to match the subsequent level of market and industry. As the technology also reduces the manpower and decreases the cost to the company. So, the technology up gradation has always been proved as a boon to the people and the increased productivity of the organization, For example: If a hotel used the printed KOT and BOT and the stewards had to give it themselves to each of the departments. It could be substituted with the direct computerized sending of KOT and BOT to the kitchen or the Bar. In India, tourism is considered to be as one of the fastest growing sectors of the global economy and there are so many countries which are investing in the tourism sector for the expansion of industry, Pimentel (2008). On the other hand, while conceding that the uncontrolled growth of this industry can result in serious environmental and social problems. In recent years, there is an argument about the sustainability of the tourism industry and the sustainable development to bring together national and local governments, the tourism industry, trade unions and activist groups to realize this goal, Chapman (2009). It has been also considered that the global tourism industry can be propelled towards sustainability which underpins the drive towards globalization. There are so many countries which are facing burdens and worsening trade because of the  tourism industry and the various agencies working on the international basis such as World Bank, World Travel Tourism Council (WTTC) are also involved in the matter of concern for the growth and development of tourism industry and enhance the global presence of the tourism industry, Bruce (1992). However, tourism is often viewed by critics as an extension of former colonial conditions as it has supported and benefitted the international relations of economics whereas it favours the advanced capitalist countries in the North, Turner (2009). Therefore, it has been believed that there are unequal trading relationships and a trend of dependency on the foreign interests, and the division of labour which ultimately relates to the poor countries in the South to becoming tourism recipients and affluent countries in the North to the position of tourism generators. According to the WTTC, there are some certain reasons for the presence of the travel and tourism which includes the following key areas: * The government should accept the travel and tourism industry as a strategic economic development and employment priority * There has to be a move towards the open and competitive markets which supports the technological advancements and activities and at the same time, the liberalization of air transport and deregulate telecommunications in international markets * The barriers for the growth of tourism has to be eliminated and at the same time, the expansion and improvement of infrastructure has to be done for the growth of the tourism industry in a better manner such as development in the increase of airport capacity, construction and modernization of airports, roads and various other tourist facilities Friedman (2008) In many developed and developing countries, more than two-thirds of the revenue comes from international tourism and now a days, the policies of free trade and investment have been launched for the better liquidity in the market , Smith (2006). The globalization and liberalization of tourism will also bring wealth, progress, social achievements and improved environmental standards. It is also significant that the global guidelines could also have the devastating consequences for local and indigenous communities which are based on the social, cultural and ecological manner. The propensity of the tourism industry towards the unrestricted growth and its commoditization of indigenous cultures must be recognized as clearly unsustainable to the industry. The principles of the  tourism are made not only because it is heavily overshadowed by politics of global players but also, the main concern is that the guidelines are to be adopted by the advocates of sustainable tourism at the level of internationalism and the topic remains vague. The tourism industry is overly euphemistic, Tainter (1996). On the other hand, where the companies related to tourism have scrapped or postponed potentially harmful projects, people should know and acknowledge that the projects are scrapped because of the financial crunch, public and private investments in the cut of environmental protection. Moreover, the overall crisis has also resulted in an upsurge of crime and so many social vices related to tourism industry. Overall effects of Globalization Globalization has so many aspects which have their considerable impact on the industry in so many different ways such as: Industrial – The emergence of worldwide production markets and a wide access to the international products for the companies as well as consumers. These are particularly related to the movement of material and goods for the national boundaries , Vierich (2008). Financial – The emergence of the financial markets and the wide access to the financial markets and the overall access to the external financing for borrowers is important and at the same time, the structures have been grown at a very fast pace than any transnational regulatory regime. Competition – The emergence of the global market have enhanced the productivity of the people and increased competition in the market, Graham (2011) Therefore, the market is becoming worldwide and there are so many companies in the hospitality industry which needs to upgrade their products and utilize the technology skilfully in order to face increased competition. Ecological – The challenges of the global environmental challenges which can be solved by the international cooperation, such as climate change, cross-boundary water and air pollution etc. As there are so many companies which are developed in the countries which have very less environmental regulation, globalism and free trade may increase pollution, Barber (2003). Cultural – The overall growth of cross-cultural diversity in the global world can enhance the advent of new categories of consciousness and identities which embodies cultural diffusion, in the different categories of people. There is a desire which has been developed to raise the standard of  living of people within the country and the new technologies have been adopted and the people are participating in a world culture† for the proper transformation of the culture, Dreher (2008). The multiculturalism has to be speeded so as to access the cultural diversity, Gordon (2004). There are some people who may consider the cultural diversity as a danger, since it may supplant the local culture. But there are also some people who consider the multiculturalism to promote peace and understanding between peoples. Conclusion The globalization has their own benefits and effects on the hospitality industry and the other industries as well. The economies of scale are also equally affected as on the larger market base. And this particular reason cannot be ignored as there are lots of further problems which come after the same problem. The further problems can be intercultural difference, organizational structure and looking for investors. The above mentioned problems can be addressed through intercultural understanding, mixing vertical and horizontal organizational structures and marketing homogenous products to investors within the hospitality industry.

Mowing Robert Frost Analysis

Mowing Robert Frost Analysis Mowing is a lyric poem written by Robert Frost in the year 1913. Like many other poets achieve that Frost does not, they talk about their imagination or something that they are wondering. Frost on the other hand expands his poetry into discussion about real life, and real situations. Just as it says in lines seven and eight, It was no dream of the gift of idle hours, or easy gold at the hand of fay or elf. Just as it declares, it is not a dream; it is real life reflecting that what he is doing is not easy. It is hard labor but yet he sticks it out and keeps working. Using the fourteen line method like the sonnet, Mowing does not pursue the same rhyme scheme. Instead Frost makes up his own. His rhyme scheme consists of a pattern of ABC ABD ECD GEH GH. Rhythm found here is that of the lines containing about the same number of syllables as each other. The lines are not of different syllables such as one line being 20 syllables and another being five. They are all around the same number which keeps the poem flowing smoothly. And all throughout this poem there is alliteration found. There are numerous words with the W, N, and D sounds. But on the other hand there are no similes or metaphors found in this poem. Mowing does not use a good amount of diction. But in some places it does, are examples like idle hours, and feeble-pointing spikes. All the other words are words such as heat, whisper, weak, laid, and scared, which could be spiced up to more complex words, since this poem is written by a professional. Meter, also used in this spectacular poem, contains unstressed and stressed syllables, with only five stressed syllables in apiece line. The scythe in some cases may be referring to reality or how hot it is outside; this may be a sign of why exactly the scythe is whispering. Personification is prearranged to the scythe with the whispering it does. But the author does not know precisely what the scythe is whispering. This gives Frosts poem reason for the reader to keep reading. And even at the finish of the poem neither the reader nor the author know what the scythe was whispering. If the author was to give us a clear hint on what the scythe was saying, there would be no point to the poem. This is engaging the reader to establish and think outside the box and make their own reason for the scythe to make a sound. Also in the poem there are no clear sounds that reflect. The only sound that is reputable is the sound of the scythe swaying back and forth as the character works. So this gives the reader another reason to keep reading and ponder how the scythe resembles something that is untold. The scythes earnest love may n ot always mean love; it may signify destruction at some points. The reason for this is when the scythe scares off the snake. This is an example of personification because the scythe does not experience real love. It is just an expression on how the author is trying to explain the poem. Mowing, told in first person by Robert Frost, since he does not use his imagination to try to explain situations, stops using his own imagination and goes back to talking about the natural evidence. He is leaving it up to the audience to figure out what the scythe is whispering. The theme exemplified here may be the emotions of love. This love immediately turns into death with the beheading of flowers and scaring the snakes off. But since Frost advises his poems in the aspects of real life and not the aspect of dreams or his imagination, this poem clearly represents his absolute love for nature. Even though he may not be doing what he loves, such as working in the field with a scythe on a scorching hot day, he still enjoys the fact of being outside in Gods creation and glorifying what he sees and encounters. Just as the theme, the mood resembled in Mowing is love. The author wants his audience to enjoy what he is feeling. He wants them to feel what he is feeling and to enjoy what he is enjoying. Such as being out in the hot sun all day and plain out enjoy the creation around them. He is saying enjoy it while it lasts because eventually it will come to an end. The tone the author is trying to express most of all is satisfaction. Even though he is not doing what he really wants to do, he is taking his time into effect and making the better use of it. Also, the author is trying to make his consultation feel guilt or some-what sorry for him because he starting his poem off by saying how there was no sound except for the sound of the scythe swaying back and forth against the hay. There was not even the sound of wind except for what the scythe was making. At the beginning of the poem, the author expresses not necessarily the problems of what he is doing or what is going on around him, but telling what exactly is going on in the poem. The first eight lines is where he expresses himself with that there was lack of sound, with the only sound being the wind of the scythe moving back and forth through the hay. Another thing he complains about is the heat. But at the same time he is praising that he is enjoying nature while in this devastating heat. And at the end of the poem the author is saying that this poem is not a dream but real life. And eventually the authors work is done and it is now time to go home and rest because he is very tired from a hard days work. And left my scythe to make means precisely that. He is done with his work and is going home to rest until the next day when he fills the same routine. Mowing is an exceptional poem that resembles the way we should live our life. Even though life may be hard, keep moving on becaus e at the end of the day, there will be something that you will rejoice and be thankful for. Mowing is a poem that teaches his audience about not giving up and pursuing with what they were meant to do and be thankful that they have the ability to do it. Robert Frosts poetry deals with the art of loving what is set before you and not complaining and most of all, relating it to real life and teaching a lesson.