Financial analysis for smartphone industry

After a heat discussion, our team chose the smart phone industry for the following two reasons. Firstly, telephone is a significant communicating instrument around the world today. International Telecommunication Union predicts that the number of cell phones would exceed the number of human beings in 2014. Secondly, with the increasingly functions of smart phone, it plays a vital role in the relevant industries. The flourishing development of smart phone industry also accelerates the development of other industries such as the cell phone battery industry and cell phone game industry. . 1 Industry Analysis We are talking about smart phone industry specifically. The newly formed competitive market includes hardware manufacturing, operating systems and content. Looking back on the history, leaders of those fields have changed a lot, as Monika, Motorola and RIM have been transcended by Apple, Samsung and other brands. Apply Porter's five force analysis to smart phone industry. Starting f rom threat of entry, software faces this more because of open platforms. Floods of capitals are required for R and operation levels, thus this threat is moderately high.Substitutes like Pads, Notebook and laptops have entered the market causing the threat. Threat also comes from suppliers, fragmented supply and the difficulty of vertical integration have impeded company profiting. But the threat is low overall. Meanwhile, buyers also impact threat by various demands and higher bargaining power. All these four threats result in a high threat of rivalry. Brand and concentrated market also matter. For the industry status, in 2011, the smart phone application market was about USED 6. 7 billion which is expected to be USED 1 55 billion with CARR of almost 55% from 2011 to 2017.In addition, worldwide sales of smart phones to end users totaled 968 million units in 2013, an increase of 42. Percent from 2012. Sales of smart phones accounted for 53. 6 percent of overall mobile phone sales in 2013 which accounts for 75. 8% of the overall mobile handset revenue. 1. 3 Firm description We choose six companies in smart phone industry to do some analysis. They are Sony, Apple, Samsung, ETC, Black Berry and Monika. The firms we choose represent different level of performance in the industry. Apple and Samsung are outstanding firms with higher net income and greater profitability.MONIKA, SONY and Blackberry are firms once created brilliant achievements but suffer from ailing business in the past 3 years. ETC is a newly brought-in competitor with advanced technology in developing smart phones. The six firms experienced different types of history. Samsung struggled with poor quality and inferior products in its earlier times. Apple seemed to grow gradually since it was established. On the contrary, Blackberry and MONIKA were once outstanding in the industry. SONY (SONY Ericson) left behind when transforming from mobile phones to smart phones.ETC has a short history. Most of the f irms experienced several important mergers or acquisition in the past 5 years. Badly-performed firms shrink while well-performed ones expand their equines by proper selling plans or acquisitions. Some important events are as follows. Microsoft declared to acquire Ionians mobile business and large amounts of patent portfolios with 7. 17 billion dollars. Blackberry made an announcement that the corporation agreed to be acquired by Fairfax Financial Holdings at the price of 47 billion, though the selling plan turns out to be failed.SONY and Ericson were incorporated into Sony Mobile Communications. 2. Past performance analysis Note: Risk free rate: US. Government bond rate for 5 years Expected market return: historical industry return for 5 years 2. 1 Samsung 013 is a fancy year for Samsung, possessing the biggest market share in smart phone for 31. 5% ahead of 15. 5% for Apple. For the first sq in 2013, PEE ratio decreased from 9. 09% to 6. 99% and it rose to 7. 30% in SQ. For the cap ital structure, 93. 2% was financed by equity and bond took up 6. 7%. Stock return for 2013 is -3. 7%. Move to past areas. PIE ratio experienced biggest decrease from 1 1. 88% to 7. 04%. Stock return is waving from 2. 98% to 28. 53%. Now focus on past areas. PEE ratio as 1 1. 88% peaked in 2011 standing out from a general downward trend. Besides, the releasing of GALAXY Tab 3 and GALAXY Note 10. Drove inventory turnover ratio higher. The peak for debt to equity ratio appeared in 2011 which is 0. 1446 and the trend is downward. Stock return in 2009 is highest for 64. 42%. The cost of equity for Samsung is 27. 63% given its current beta is 1. 12.For the dividend policy, the payout ratios are 12. 3%, 9. 3%, 6. 0%, 5. 1% and 7. 11%respectively since 2009. The most recent dividend pay date is on August 26, painting out 75. 4 million USED. On July 17 2012, Samsung acquired the handset operations of CARS Pl, and invested a 4. 9% stake in the company later. It is the largest acquisition cas e for Samsung since the 1997 uncial crisis. Actually, Samsung completed 5 acquisitions in 2012 which is more frequent than before. Acquisitions progress appears in net income rising from in 2011 to and to in 2012 and 2013.Inventions also declined from 3,859,994 to 2,918,234 until 2013. Samsung sold a record 86 million smart phones in Quaff 2013 and widened its lead over Apple selling 51 million for phone 5. 2. 2 Monika In 2013, Monika had a negative PEPS, showing that Monika didn't do well in 2013. The inventory turnover was about 6. 0, lower than the industry average (about). ROE was negative. The debt/asset ratio was 72. 59%. The dividend per share was O in 2013. The stock return was 97% in 2013 and the cost of equity for Monika is 8. 66%, given its current beta is 1. 3. Looking at the past 3 years, we find Debt/Equity ratio of Monika was increasing constantly. The ROE ratio was always negative over the past three years, decreasing from 2011 to 2012 and increasing from 2012 to 201 3. The dividend per share decreased from 0. 33 in 2011 to 0. 13 in 2012, then too in 2013. The stock return increased from -55% in 2011 to -23% in 2012, then to 97% in 2013. Considering the past five years performance, we find that Monika did quite a good Job in 2009 and 010 because its PIE ratios were positive and really high.The dividend per share decreased from 0. 41 in 2009 to 0. 31 in 2010. The trend of dividend per share from 2009 to 2013 is declining. The stock return increased from 2009 to 2013 while it was negative from 2009 to 2012. As for important events, on September 3rd, 2013, Microsoft declared to acquire Ionians mobile business and a large amount of patent portfolios with 7. 17 billion dollars. The stock price of Monika soared from about 3 dollars per share to about 8 dollars per share from August 29th, 2013 to November 18th, 2013.We compare the financial performance of the third quarter and fourth quarter of 2013 and find that net income increased a lot from -91 mil lions to -millions of dollars. 2. 3 Apple In 2013, Apple had a perfect performance. The ROE (about 0. 3064) and PIE ratio (about 15. 21) are both three times higher than the industry average, Besides, the inventory turnover of Apple is about 83, Apple is already well-known for its supply chain. The company's 40. 31% of assets came from debt and 59. 69% of assets came from equity. The of PAPAL in 2013 is 0. 74, and the cost of capital for PAPAL is 22. 3 percent in 2013.In the past 3 years, the current ratio and price-earnings ratio did not change a lot, but ROE decrease sharply in 2013, and the debt/equity decreased in 2012 and increased in 2013, meaning that the company issued more stocks than bonds in 2012. The annual stock return 0. 013 in 2013, 0. Tent 2012, and 0. 243 in 2011. Looking back over 5 years, the ROE increased from 2009 to 2012 and decreased in 2013. The inventory turnover went up sharply from 2012 and went down a little in 2013, which is partially because of the phon e ass's huge success. In addition, PAPAL began giving shareholders a quarterly dividend of $2. Per share in 2012. This dividend yield is about 1. 2% higher than the industry average. Apple's business philosophy is to acquire small companies that can be easily integrated into existing company projects, so Apple did more than 60 small acquisitions in the last decades. Apple merged plenty of software makers including Sir. After the acquisition, Sir has been an intelligent personal assistant and was introduced as a feature of the phone AS. This technical innovation has been a huge success so that more than 50% profit of Apple company came from phone in 2012. 2. ETC 013 is a struggling year for ETC, we can see that most of the key ratios of the company are under the industry average, profitability measures are almost all negative, and ROE are -1. 67, indicating that ETC failed to earn enough profit to even cover its expense. The high Debt/equity ratio (1. 22) makes its stock risky. The o f ETC in 2013 is 1. 88, while the industry average is only 1. 12. High makes the cost to raise capital high too. The cost of capital for ETC is 10. 13 percent in 2013. Looking back over 3 years, we found that Itch's profit has been declining since 2011, inventory turnover declined from 12. 8 to 7. 0 due to the poor sale and management problem. The annual stock return -0. 525 in 2013, 0. 064 2012, and -0. 392 in 2011. Looking back over 5 years, it is clear that the business boomed during 2009 and 2011, and started to fall behind since then. The sale increased by about 1 11% from 2009 to 2010, but stock price has fallen by 90 percent since then. Besides, the company prescribed at least 50% of the total dividend be distributed as cash dividend, it pay dividend in July or August every year. ETC believe that acquisitions are the key to help ETC quickly grow to compete with its competitors.So ETC spent more than $700 lions on acquisition in 2010 and 2011 trying to gain market share. Major mergers include SO Graphics, Beats Electronics LLC, and etc. However, Itch's acquisition strategy didn't work well as expected. Those deals neither helped ETC to boost its brand image or to win the law suit, the sale have also been decreasing since the requested of 2011. 2. 5 Sony From 2009 to 2013, Sony had gone through a road of difficult and twists. In 2013, Sony didn't have a well performance. Its current ratio, ROE and inventory turnover ratio is under industry average.To be specific, its inventory turnover ratio is the lowest. Through its PEE ratio is strangely high, I think it mostly related to the small profit number. Looking back over 3 years, we can see most ratio, including ROE and inventory turnover ratio, had a peak in 2012. Especially ROE had a soaring from 2011 to 2012. There are four reasons. First, Sony Corp. acquired the remaining 50% stake from ELM Ericson Telethon ABA on February 15, 2012, which made mobile phone sales increased a lot. Last, the yen devalued. Lo oking back over 5 years, the current ratio and ROE had a drop until 2011.The inventory turnover ratio had a peak in 2010 while he debt-equity ratio increased until 2012. Actually, Sony had negative net income for consecutive four years. Not only it is a result of disasters such as JP Tsunami, but also it is because the yen appreciate and digital products from Japan were shocked by other goods. The stock return ratio of Sony from 2009 to 2011 has dropped from 0. 5 to -0. 47. However, it began to increase then. The ratio in 2013 is about 0. 15. It is consistent with what ROE shows. The cost of equity is 52. 72%. It is large due to the high Arm (29. 64%) and high risk (beta-?I . 2). 2. 6 Blackberry 2013 is not a pleasant year for Blackberry. The ability to generate profit is far behind its peer competitors. PEPS and ROE of the firm are -1. 23 and -6. 61% due to the negative net income. However, the current ratio highly above the industry average (about 1. 09). Stocks risk of Blackberry is low, measured in of 0. 48. Based on p, the cost of capital is 3. 70%. On account of the bad performance over the year, annual stock return in 2013 is -0. 426. Looking back to the past three-year performance, Blackberry dropped from its recent peak in 2011 to historical worst.Blackberry experienced a terrible service interrupt in Cot, 2011, which severely damaged the rim reputation and directly caused the following bad performances. Business declined sharply in 2012, with falling ROE and PEE ratio. In retrospect the performance in last five years, we could see that even under unpleasant financial crisis, Blackberry still could hold itself. PEE ratio was 17. 1 in 2009 and 10. 0 in 2012, both showing a good prospect, however, the ratio then began to decrease sharply after 2010. Annual stock return was at first positive in 2009(0. 19), but it has fallen below zero ever since. Inventory turnover is quite stable during the whole period. No dividend has been strutted during recent five years because of the disappointing performance. Most important series of restructuring events in Blackberry's history appeared in the year 2013. BlackBerry first announced to have reached a potential acquisition agreement with its biggest shareholder Fairfax Financial on Seep 23rd, after this good news, the stock price of BlackBerry shot up 0. 6 dollars. But the potential acquisition plan didn't last for a long time.In Novena, 2013 BlackBerry declared the breakdown of the selling plan. By pm Novo 4th, the stock price of BlackBerry has dropped 1. 44 dollars (18. 53%). 3. Future performance analysis . 1 Pro formal Pro formal of Cash Flow Pro formal of Balance Sheet & Income Statement Note: Erg (regression) W-M (weighted-moving-average method) Final (final forecast) We complete the pro formal by three steps. First step is to do an autoregressive analysis to forecast the data of 2014 and 201 5 through the historical data from 2009 to 2013. Then, we computed the weighted average by givi ng the weight of 0. 5, 0. 1, 0. 15, 0. 3, and 0. 4. Finally, we find some forward looking data predicted by economic forecasters on the internet and use moving weighted average method to get final data which are more efficient. What is more, if there is no forward looking data, we use weighted average on the regressive result and average result. We combined two different methods to do the forecast. Because every method has it is own drawback. For the regression method, it cannot show that the latest data, which indicates the trends more accurately, is more vital than the previous one.And the weighted average can overcome this drawback by giving the latest data more weights. But for some items like income, we think the result of regression method is more accurately. So we combined these two methods by using weighted average. 3. 2 Recommendation We divided the analysis of future performance of PAPAL into two parts: The analysis of data and the analysis of reality. Firstly, Let us focu s on the forecast data. We analyze three kinds of vital data measuring the performance of PAPAL. The first one is earnings per share (PEPS), which reflects the ability of company to generating profit.We forecast this data by regression, which is to estimate the net income and shares and do a Multivariate regression. The result is around 45. Then, there are five websites give out the PEPS estimate around 47. 9. We give them weights and get the final data of 47. . PEPS is the dollar value of earnings per each outstanding share of a company's common stock. Higher PEPS means that the company can generate more net income by each share and it can use less capital to get higher profit. Besides, the dividend may be high because of the high PEPS. The forecast data 47. In 201 5 is higher than today's data and it is reliable, because the net income and the shares are both increasing and the increasing speed of shares is slowly. So the performance of PAPAL will be better in the future. The seco nd one is PIE ratio. We use the weighted average method to get PIE in 201 5, which is 13. 2, and we also use the regression method to get it, which is 13. 44. We find that the forecast PIE ratio in Yahoo is 13. 07, which is not a high one. Theoretically speaking, a stock with low PIE ratio is a good one to investment, because the purchase cost is low.Besides, we think the value of PAPAL is underestimated now because of the high PEPS and the low PIE ratio. The price of stock will go up in the future. The third one is ROE, which shows how well PAPAL uses investment funds to earnings growth. We use the weighted average method to get ROE in 201 5, which is 36. 34%, and we also use the regression method to get it, which is 38. 6%. The average number is 37. 6%. ROE measures the rate of return on the shareholders' equity of the stock owners, which measures a firm's ability of generating profits from every unit of shareholders' equity.Generally speaking, ROES more than 10% are considered go od. Besides, the ROE of PAPAL is a reliable one, because the debt asset ratio is not high. In conclusion, we recommend that stockholders could hold Pal's stock for a long time because of the low PIE ratio and the high ROE. Performance we forecasted originates from two reality parts, one is expected increase based on past and current situations and the other is unexpected hangs including systematic and unsystematic risks align with future. The anticipated two opportunities for Apple are analyzed as following.The global market for smart phone will grow in few years based on GIG prediction and the annual sale is expected to increase from 1 billion in 2013 to 1 . Billion in 2017. Until the end of 2013, the SIS system accounted for 41. 2% and Android is 51. 9% comparatively. This intense rising user trend will amplify the market pie. The other is the cooperation with China Mobile. Above million regular customers of China Mobile will assist the sales rise for Apple. Unexpected systematic risk consists of interest rate risk and foreign currency risk. The company typically invests in highly-rated securities and changes in U.S. Interest rates affect the interest earned on the company's cash, cash equivalents and marketable securities, the fair value of those securities, as well as costs associated with hedging. In the third quarter of 2013, the company issued $17. 0 billion of long-term debt, which included $3. 0 billion of floating-rate notes. In addition, Apple is a net receiver of foreign currencies and changes in exchange rates, particularly strengthening of U. S. Lars will negatively affect its net sales and gross margins expressed as U. S. Dollars originally. Unsystematic risk involves Apple's internal specific performance.New products release like will be a main source. The attraction of next generation Apple phone is controversial and based on past dissatisfying sales of phone and pad, their growth rate nearly held constant. Some people concern its innovation w ithout Jobs but some analysts note that the bigger size for phones will eliminate advantage of Android system brands like Samsung. Charm of wearing new product which is twitch concretely is also worth anticipating ND we may get some indicts from the coming WAD held in Los Angels. Beyond this, Apple will increase repurchase of stocks and issuance of dividends.According to Sanford C. Bernstein prediction, Apple will issue BIB dollars dividends in 2015. This will increase the value of stocks held on shareholders if the PEE ratio increased after the issuance. 4. Relative Performance According to the comparison of 5 key ratios, the underperforming corporations are SONY, Blackberry, ETC and MONIKA. Most of the firm shared common problems in several aspects as lack of innovative products and inventory management, while mom have critical faults in designing strategies. Relative performance and recommendations are as follows.According to the lowest inventory turnover ratio of Sony among its industry peers, one recommendation for Sony is to turn over its inventory quickly. It can improve its supply chain, manage efficiently to product appropriately. Due to the fast update of digital products, long inventory turnover period will enlarge the risk and the cost. Besides, 3. 1% of the market share is so small compared with Samsung and Apple that its ROE can't increase smoothly. The key to increase its market share is to launch the new production. Only by creating great mobile phones like phone, can Sony rebuild its Sony Time.Similar problems appeared in Blackberry and Monika. Most of Blackberry's profitability ratios as PEE, ROE and PEPS are under industry average due to firm's negative net income. The reasons are lack of attractive application programs and disappointing new product. Apple's phone and Google's Android squeezed the market share of Blackberry smart phone. The newly launched table PC was also not satisfying with simple functions but high selling price. Blackber ry should not only depend on its good reputation in E-mail recessing system, but focus more on user's entertainment experience like fancy interface and programs.Besides, Blackberry is the only one who ignores the prospect in China. To recover from declining tendency, a competitive product is required to open its Chinese market. The negative ROE and low inventory turnover ratio indicates that MONIKA is losing money . The reason is that the product of Monika is not as popular as that of other leading companies like Apple and considered to be lack of innovation, and its Simian operating system (until 2013) is not advocated by developers. So Monika should increase funding for research and develop products that appeal the consumers.Given that the mobile phone business of Monika was acquired by Microsoft on April 5th, 2014 (the acquisition was started on September 3rd, 2013), Microsoft should learn a lesson from the failure of Monika. ETC has been struggling in China due to price competit ion and limited distribution. Many people think the wrong high-end market strategy got ETC into trouble. To get out of woods, ETC may need to forget its strategy on high-end market and consider a partnership (merger) with another smart phone company that could provide synergy.Chinese smart phone makers sell products domestically because they have weak brand awareness in other regions, but ETC has established solid brand awareness in the United States and Europe, which Chinese handset makers could capitalize on. And ETC could get resources to get through this situation and look for new chances for development. So a merger with Chinese films could be a win-win. 5. Conclusion From the perspective of companies in the smart phone industry: Considering the fast speed of development of Asia-Pacific market, each company should strive to evolve Asia-Pacific market.Moreover, the target market of the company must be effective. As for products, companies should develop the products that satisfy consumers' preference. From the perspective of investors: The smart phone industry has a great development potential, so investors have substantial investment opportunities in this industry. But investors should cautiously determine the invested companies. We recommend selecting invested companies according to their past and future financial performance, the fitness between their products and the preference f the market, the market strategies and so on.

Allah — the Almighty, the Most Merciful, the Most Beneficent

Allah — the Almighty, the Most Merciful, the Most Beneficent This earth whereupon we live and breathe, the sky wherein we look at the numerous stars of small and large sizes twinkling, the sun that blazes and gives us light and energy, the moon that emits soothing lights and allures us and above all numerous other beings that we see around us; the twittering of birds, the cattle grazing in the vast pastures, the air which is utmost essential for our survival, the mountains whereupon we go for recreation and touring purposes, the eruption of volcanoes, the gliding waves of rivers, the bulging , frothing and roaring water of the oceans, the pointed cliffs and high and low ridges of the mountains, the calm and quiet vales and dales, the vast unlimited dry sandy tracts of the deserts blooming wherein flowers in the thorny bushes; all these things to whom we can see with our eyes and that are beyond our sight tell us that there is a Almighty being who has created all these things and running all the matters of this universe and all other universes to whom we have not been able to get to by now despite so much advancement of the present day society, make us know that it is He the Almighty Allah who is administering all beings — material or immaterial — alluring or non-alluring —fanciful or otherwise — being or non-being — all the bounties essential to the human beings with much ease and comfort and whatever qualms and colours, hue and queue occurs in this world is of the Commandments of His supreme Being — who is One and Alone and none else is like Him and to whom all purities and praises belong to Him. The more we, as being human beings, think of him come to know that it is He — the Allah Alone and Almighty, who has made this earth and its beings and other universes that are off of our vision and sight. The coming of seasons and its turning into the summer into fall, fall into the spring, spring into winter and winter into rainy season — and all the bliss and bounties th at take place out of this change and whose benefit we get in the form of corns, fruits and cereals and what not and it is He who has accorded us the title of Ashraful Makhlooqaat, the superior being among all other beings of the universe. The whole universe that is in our sight and beyond is subservient and subordinate to His Command and Will who is the Most Merciful, the Most Gracious and the Most Powerful than all other beings. His blessing and bounties are in abundance. He has given us tongue to speak of, eyes to see to, ear to listen to, and legs to move and walk from one place to another place and above all the brain to ponder over, to utilize according to our own contemplation so that we could ponder over His Being who is One and none else is like Him and all other things and beings that He has created for our use and utilization. If anything among His bounties we get loss we cannot regain that if He doesn’t intend so but if He wills we can have; time and tide does not affect on it. It is the common perception, such as, a patient who cannot see, since the doctor has operated upon his eye successfully so he has gained his vision but it is not so rather it is Allah who gave the wisdom to a doctor that he became able to operate upon successfully and hence the patient regained his vision and not the doctor who operated upon but the Allah who willed so and therefore the cure took place. If Allah didn’t will so there was none on the earth to recover his eyesight. In the like manner, whatever changes and vicissitudes and ups and downs take place anywhere in this world all that happen owing to His Commandments and Wills and not due to any other being whatever powerful that might be. He is so merciful and gracious that he demands us nothing except that we, the human beings, obey his Commandments and Orders as he desires of us so that he could shower his blessings and benedictions that he has created for those who obey him without nay and oblige him with much sincerity and uprightness and who serve his other beings according to his commandments and guidance as he has laid down in the Holy Quran and as to which the Holy Prophet, Hazrat Muhammad (peace be upon him) has preached and practiced and has asked us the human beings to act upon. We, being true Muslim, must adhere to His All Commandments by the core of our hearts so that He may forgive us; bestow on us His numerous bounties in this world and the world hereafter.

The Need for Market Research in Contemporary Business Environment Essay

The Need for Market Research in Contemporary Business Environment - Essay Example Today the customers demand the best worth out of each penny that they spend and this is because of the growing globalization and the increasing competition. Today customers have as many alternatives for a single product as they never have had in the past. This phenomenon has empowered the customers to a great extent and has given rise to the need for research. Companies spend major chunks of their budgets on research today. Research does not only reveal facts about customer psyche but also guide the researchers and the sponsors to the gaps and unidentified niches in the market, thus opening new horizons of opportunities and profitability to be taken advantage of (Stearns, 2006). Research outcomes serve as guidelines to the researchers in order to lay down a road map for future decision making of the business/organization. In today’s’ world businesses cannot afford to base their decisions on gut feeling and guesses. It’s time to be precise and accurate. The cause and effect relationship needs to be studied while making even the smallest of decisions. Research provides the decision makers to base their decision making on solid basis and rational grounds. The outcomes of researches help businesses build strategies and also monitor the anticipated performance by comparing it with the actual and studying the lapses incurred and the probable corrective measures that can be adopted before it’s too late (Sekaran, 2010). Dependable and solid outcomes do not come voluntarily in fact research is a whole world of technical analysis and execution and thus it is required to be conducted in great depth with a predetermined plan and objective in mind. Research is a delicate and sensitive art, because the outcomes of research are used for future... This essay discusses that with the advancement of technology and emergence of the concept of consumerism to the surface, customers have become ever more dominant and powerful in the marketplace. Nowadays all the companies shed off myopic ideas and try to incorporate consumer’s will in the decision making process. This is particularly important because customer satisfaction is the ultimate objective that leads to profitability and endurance in organizations. To attain stability, organizations spend millions of dollars today on their Research and Development departments to get the best and most accurate knowledge regarding consumer behaviour and expectations. This knowledge and information is utilized by organizations in improving their processes to meet the demands and requirements of the customers and thus deliver a â€Å"wow experience† every time the customer interacts with the offering. In other words, this shall not be exaggeration to state that, research is one of the key pillars to success of an organization, in the contemporary market dimensions. Any idea or tactic backed up by research findinngs is more durable and dependable then something that is implemented out of the blue. Research does not only assist organizations in deciding which route to success shall be adopted, in fact contingency measures and sporadic adjustments to deviations and evaluation of the implementation are some of the broad areas that are addressed at length by researches

Questions Assignment Example | Topics and Well Written Essays - 250 words - 19

Questions - Assignment Example Additionally, networking provides skills for better communication. Communication skills are vital to every manager (Okome 2011). Social media is effective because of its necessity to employees and managers. Workers need to communicate with each other because of the current technology. Changes in technology have made it easy for workers to work in remote areas. With these changes, communication is important. This gives social media gives a positive review. There is simplicity in communication for employees and managers in different locations. Ideas can also be shared by different personnel is different locations. Conversely, social media networking channels can act as a distraction. Social media does not also give full information meaning that information can be misunderstood. Security is not guaranteed for any information passed through social media (Adler 2012). Research shows that technology has improved modes of communication. This is because companies have been able to operate in different locations. Organizations have set up virtual teams to operate in different locations using technology such as information communication technology to communicate with the headquarters. Technology makes communication effective resulting in the improvement of marketing of the organization’s products and services. The fact is virtual teams communicate easily with the headquarters (Earnhardt

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Intergrating the sciences and Practice of nursing - Essay Example Therefore, the name is Jack and for confidentiality reasons, the placement setting will be anonymous. The patient gave consent after clear explanation regarding the information that is necessary for academic assignment purpose. The information in the report came from the patient, patient’s medical and nursing notes. Jack is a sixty-nine-year-old gentleman who has Chronic Obstructive Pulmonary Disease (COPD) diagnosis for nine years. Since then, Jack’s health has deteriorated, and he has lost much weight. Jack stopped smoking in 2007 two years after he was diagnosed with COPD. Jack is a widower who lives alone at home and has two cares four times a day. Apparently, the wife died of breast cancer five years ago, and they have a daughter who lives 140 miles away and sees the father once in a month. The nurses admitted Jack to the admissions ward with shortness of breath. However, they later diagnosed the patient with COPD exacerbation caused by the chest infection. An exacerbation is the worsening of symptoms from their usual stable state (NICE, 2010). The typical symptoms associated with COPD exacerbation are degenerating breathlessness, cough with increased sputum production and change in sputum color (NICE, 2010). COPD is characterized with the obstruction of the airway, which the medical stuff cannot fully reverse and progresses over time (NICE, 2010). The progressive narrowing of peripheral, airways are making it difficult and eventually impossible to breath cause the airway obstruction. World Health organization (WHO) (2010) states that the primary cause of COPD is smoking. However, occupational dusts and chemicals, exposure to indoor air pollution in those, who use biomass and coal for cooking, and frequent lower respiratory infections during childhood can cause it, as well. The nursing process is a four-stage process consisting of assessment, planning, implementation and evaluation. It is an organized planning

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Applies the lesson to analyse a real world issue - Assignment Example This phenomenon is not unique as during the Great Depression in 1930’s the world economy underwent a similar occurrence. According to Hazlitt (1946), there is a difference between economists; good economists and bad economists. The bad economists observe the direct impacts of proposed course, whereas the good one focuses on long and indirect consequence. Teiying economic to long term predictions is the foundations of a good economist and as Brux, (2005) predicted long term economic eventualities such as poverty marks such characteristics.   This argument cannot be further from the truth. Economists have always been grouped into different groups, but the world’s most prominent group is the Keynesian school of thought. Other economic schools of thoughts that have dominated academic thoughts throughout the 20th century and even the 21st century are the monetarist school of thought and the Harvard economic school of thought. According to the Keynesian school of thought, private capital investment decreased as a result of more capacity and the deficiency in good investment opportunities (Hetzel, 2012).   In fact, the concept of Secular Stagnation, a term coined by the Keynesian school of economics and it attributed the recession to inadequate capital investment hindering full employment of labour and other economic resources. Aptly referred to as the secular stagnation theory as articulated by the Keynesian school of economics, is a marketed different from the notion propagated by the monetarist school of economics. According to the monetarist theorists the recession was as a result of the tendency of the rate of profit to decrease, and as such businesses will block investments in manufacturing plants with a decreasing rate of return. Theorists have provided different arguments on the phenomenon of low economic growth, and especially that regards the same that was realized in the industrialized

Role and responsiblity of newly qualified nurse Essay - 1

Role and responsiblity of newly qualified nurse - Essay Example This period is a thrilling one for nurses as they start developing new roles, focused on prescribing and these new roles have undoubtedly benefited patients and significantly contributed to expanding nurses’ roles, hence promoting the nursing image as a prime profession (Sines, Saunders & Forbes-Burford 2009, P.294). This paper aims to discuss the nursing roles of Patient Group Directions and Supplementary Prescribing by newly qualified nurses. The structure of the paper covers a detailed analysis of what the roles entail, the definitions of these roles, reasons for selecting these particular roles for the study and an in- depth discussion of these roles supported by relevant literature. The paper covers the legal, ethical and professional issues related to these roles. The paper ends with a summary and conclusion of the discussed roles. Taking up these roles for newly qualified nurses may be challenging. The claim has been that less than 50% of nurses in practice would recomm end their career option and 25% on the other hand, would keenly discourage from the nursing profession. It is no surprise that 33% to 61% of newly recruited nurses plan to depart from nursing in their initial year as professional nurses or completely change employment (Basford, 2003). It is important to explore the adaptation process of newly qualified nurses to the professional job environment, so as to respond and understand issues causing motivated and energetic nurses to leave the profession altogether. It is evident that the transition journey for newly qualified nurses is often frustrating, disillusioning, stressful and discouraging (Basford, 2003).Existing knowledge indicates that new nurses experience moral distress, disillusionment and discouragement in the early stages of practicing professional nursing. Other than undergoing developmental and personal changes, it is expected they make clinical judgments and decisions that are advanced. However, confidence develops into co mpetence, and as the nurse prescribers multiply in number so will the attitude towards the new role become more encouraging (Sines, Saunders & Forbes-Burford 2009, p.293) Rationale for Role Choices The increasing roles of nurses from the traditional medicine administration to current prescribing roles have played a significant role in the provision of quality healthcare to patients. There has been growing acknowledgment that pressures experienced by the health care sector could be partly solved by nurses providing a wider variety of services including prescribing, to patients. The programs have resulted into considerable savings from efficiently using nurses’ and doctors’ time. The important extended roles for nurses have played a critical in improving health care provision and hence are important topics of study in the medical field. Supplementary Prescribing Supplementary prescribing refers to a partnership of voluntary prescription between an independent and supplem entary prescriber, for implementation of a plan on clinical management that is patient specific. The patient has to be in agreement and the role of independent prescriber played by a doctor. It is therefore about the relationship between a patient, nurse and doctor, each

Economic crisis Essay Example | Topics and Well Written Essays - 750 words

Economic crisis - Essay Example It is an urgent need of the hour to put a stop to the ‘carcinogenic’ growth of the negative impacts before it gets into the lowest multitude possible and starts affecting the day to day welfare of the common man. The urgency of the action is averred by the fact that some of the national economies literally lost the nation in the present scenario of economic crisis. An empowerment of the public sector entities should happen by the deliberate efforts of the national governments. The public sector always had been the backbone of the economy. Recent developments including the growth of the private sector investments hugely made the governments all around the globe depend largely on these investments urging for quick development. Not only the government but also the people were influenced by this trend as they also relied more on similar abrupt developmental agendas. The governments all across the world may take lessons from the sustainability of the national economies which were not affected by the crisis which still have Public financial Institutions on the rule. People must start depending on these public systems which for sure would work for their welfare. The governments in turn should try the strengthening of the public sector in terms of infrastructure and investment. These setups should be continuously backed by the governing systems throug h their policies considering the sustainability they would offer to the national economy. Efforts must be made so that the people start investing in these public systems. Campaigns through the media would help to a major extend to create this kind of awareness in the public. While considering the international investments, governments should try international linkages with similar sort of set up across the border which would help to make a substantial impact on the economy of that country while securing the economic stability of itself. However an over

Marriage and Obedient Christian Head Essay Example for Free

Marriage and Obedient Christian Head Essay For almost 4 years I was married to a beautiful and adulterous woman. In terms of our friends and acquaintances and the public, we were a perfect couple. We held hands when at comedy shows and in malls. We kissed anywhere and everywhere, no matter who was watching or whose paths we crossed. But when night fell on any given evening, my beautiful wife would leave only to return in the wee hours of the morning, just before daylight. What a lovely person she was when we on the town together. I admit that I hung in there for almost two years and was the â€Å"good† husband and obedient Christian â€Å"head†. I ran my companies from home and rarely met clients in person, opting to use Skype for my meetings. When I approached my wife about going to church and seeing a marriage counselor, she balked and I felt abandoned. Too much of that began to make me feel worthless, helpless, and heartbroken. And then came the need to find attention and a woman who would show me appreciation and value; things my wife did not or could not. I began to meet clients out in lounges and at happy hours. Or travel everywhere out of state, or the country to find â€Å"other† women who would welcome this gentleman. I stayed out until daylight many nights. Bedded many women. Travelled on many excursions with strange women. In final, after a sadistically short marriage and nasty divorce, I came to terms with the way I react to pain. Ashamed am I to have turned to my ex-wife’s ways. Ashamed am I to have left my obedience to the Lord. Ashamed am I to have to write about the truth. Though, I know, now, that I would be better if I was ever cheated on again.

Hollywood in the global film market | Film Studies

Hollywood in the global film market | Film Studies When the average Friday night cinema-goer sits down to watch a film in this country they would most probably be waiting to see the latest Hollywood blockbuster projected onto the screen. This seems to have been the norm for decades now but it wasnt always the case. Cinema was born in France with the introduction of motion pictures from the Lumià ¨re brothers; Auguste and Louis. The first presentation of motion pictures and the Lumià ¨re Cinà ©matographe (a combined camera, printer and projector) was to the Society for the Promotion of Industry (Socià ©tà © dEncouragement a lindustrie Nationale) on March 22, 1895. Only one film was shown, Employees Leaving the Lumià ¨re Factory (La Sortie des usines Lumià ¨re), shot by Louis. It was projected, almost as an afterthought, following their lecture on advances in experimental colour photography. It was nine months later in the darkened rooms at the Grand Cafà © in Paris on December 28, 1895 that the first exhibition of moving image s was opened to a paying, European audience. Included on the playbill were The Arrival of the Train (LArrivà ©e dun train à   la Ciotat), Babys Meal (Repas de Bà ©bà ©) and The Sprayer Sprayed (LArroseur et arrosà ©e). However, it wasnt long before cinema became international when the Americans tried their hand at making movies. In the period between the Lumieres first private and public exhibitions, two brothers, Otway and Gray Latham, screened the very first film to the paying public; Young Griffo versus Battling Charles Barnett, an impressive eight minute reel of a boxing match between the titular Griffo and Barnett. Their small storefront theatre in Broadway, New York became the first dedicated cinema. Over the next twenty years the number of filmmakers and films being made increased. This period of frantic filmmaking became known as the Silent Era. All over the United States movies were being shown at ‘Nickelodeons; shops that had been transformed into exhibition areas where films were projected onto screens, walls or hanging sheets. This was not just an American phenomenon; here in the UK over 3000 cinemas had opened by 1917. The number of important films of this era included Georges Mà ©lià ¨s 1902 film A Trip to the Moon (Le Voyage dans la lune) based on Jules Vernes novel From the Earth to the Moon (De la Terre à   la Lune) that is recognised as being the first science fiction movie; Edwin S. Porters 1903 movie The Great Train Robbery that introduced complex narrative structure it its editing techniques; and D.W. Griffiths 1915 feature The Birth of a Nation which grossed $10 million at the box office. The next logical step for this new industry was to integrate sound with the images. In 1927 Warner Brothers released The Jazz Singer, the first ‘talkie feature film to be widely distributed. This invention practically caused the death of the Silent Era as audiences demanded sound with their films and heralded the ‘Golden Age of cinema. But once again it was not an industry completely dominated by Hollywood. The French idea of commercial movie houses became the international model, and entrepreneurs scurried to build impressive movie houses across North America and Europe including theatres to seat up to 5,000 people, rather than relying on the storefront Nickelodeons from the turn of the century. Birmingham born businessman Oscar Deutsch opened his first Odeon cinema in the UK in Perry Barr, Birmingham in 1920. By 1930 the Odeon was a household name and to this day there is still an Odeon in the prime location of British cinema exhibition, Leicester Square. Since the Second World War (1939 1945) the dominance of Hollywood as the motion picture production capital of the world has been virtually unchallenged. With the exception of the Indian Film Industry, lovingly named ‘Bollywood, there has not been a notable challenger to Hollywoods crown. There have been moments when a possible contender to the throne has emerged from within Europe or the UK, bringing with it a new style of filmmaking, a new school of thought or an embarrassing outburst at an awards ceremony; â€Å"The British are coming!† In the last sixty years there have been several European film movements that have demonstrated that there is an alternative to the Hollywood system, however they have not managed to topple the system and in some cases have been neatly integrated and repackaged into the Hollywood blockbuster. In this essay I shall look at the stranglehold that Hollywood seems to possess over the global film market and contrast it to the state of the European film industries and in particular to the British film industry. I shall emphasis the importance of European and British films, filmmakers and movements and how they relate to the Hollywood system. Being that this is such a large topic area I shall focus on how Hollywood has figuratively grown into a dragon and that the sporadic attempts at slaying it by European ‘knights in shining armour more often than not end up feeding it and making it stronger. I shall try to determine how influential non-Hollywood films are on Hollywood, and vice versa. I also intend to examine how the British film industry has fared since the end of the Second World War against such stiff competition from the other side of the Atlantic; and what lies ahead in the not too distant future. For the purposes of this essay I shall refer to the mainstream American film industry as ‘Hollywood; I am not saying that Hollywood ‘is the American film industry as there are a number of independent filmmakers producing and releasing feature films that frequently make box office profits, most notably Miramax, but for this essay I shall be focusing purely on the Hollywood system. The Hollywood as we know it today began in earnest in the 1910s when major producers such as Carl Laemmle, William Fox, Adolph Zukor and Marcus Loew decided to disassociate from the Film Trust based in New York (a ‘trust of the ten leading American and European producers of movies and manufacturers of cameras and equipment set up in 1908 that would tax filmmakers into using their patents to allow the film to be officially ‘legal) and venture into a more independent, West coast filmmaking structure in the all-year sunshine of California. This departure from the Trust afforded the producers to shoot feature films instead of the normal short one or two ‘reelers (so named after the length of the reel of film used to shoot it). These independents introduced a vertically integrated system that eventually covered production, distribution and exhibition. The Hollywood studio system was born and names such as Paramount (formerly Adolph Zukors Famous Players-Lasky), Fox, Warn er Brothers, Universal (formerly Carl Laemmles Independent Motion Picture Company), Columbia, Universal Artists and Marcus Loews MGM blossomed. According to Douglas Gomery: â€Å"†¦the average cost for Hollywood features of the day rarely ranged beyond $500,000, expanding distribution across the globe meant revenues regularly topped $1,000,000.† (Nowell-Smith 48). This was a massive leap in the twenty years from a time when a film of a train approaching a railway station was shown to the general public. Hollywood understood that the needs and demands of the masses had become more sophisticated over the short period of time that was cinemas infancy. As such the producers looked towards popular pulp fiction novels, plays and in particular the newly invented genre of the Western to entertain their audiences. In 1922 the major Hollywood companies formed the Motion Picture Producers and Distribution Association of America (MPPDA) to assist in the promotion and distribution of films worldwide. This was run by a former Republican politician, William H. Hays. His work for the MPDDA was closely linked with the US State Department and allowed Hollywood to dominate the UK, Canada, Australia, Europe (except Germany and the Soviet Union), South America, Central America and the Caribbean. This world domination looked set to continue until the Wall Street Crash in 1929. Even though Hollywood had originally distanced itself from New York, financial backing from the East coast was needed to fund the studios. As such the Depression that followed the stock market crash proved a difficult time for Hollywood, though not immediately as the movie industry enjoyed its best year in 1930 as studio profits reached record levels. However, between 1930 and 1933 theatre admissions fell from 90 million per week to 60 million, gross industry revenues fell from $730 million to about $480 million, and combined studio profits of $52 million became net losses of some $55 million. (Nowell-Smith 220). However it wasnt all doom and gloom. As the ‘Big Five of Paramount, RKO, Warner Bros, Fox and MGM had to reorganise their financial structure (the integration of owning their own cinemas was almost bankrupting them), the ‘major minor studios of Columbia, Universal and United Artists were enjoying the freedom of only being production and distribution companies; therefore having the freedom to continue producing high quality films without the noose of the exhibition property around their necks. In fact it was in this period that the minor studios were producing ‘B-movies; factory-produced low cost, low risk genre films usually made up of cowboys, gangsters or horror (for example; South of the Rio Grande Columbia 1932, Afraid to Talk Universal 1932, and White Zombie United Artists 1932). This ability to adapt to the market is an early demonstration of why Hollywood is still the market leader in feature films. From these early years it was evident that the studio system was going to be at the forefront of film production. The 1930s and 1940s were to prove to be the beginning of the Golden Age of Hollywood cinema with the introduction of colour films and the release of such popular films as Snow White and the Seven Dwarfs (Disney 1936), The Adventures of Robin Hood (Warner Bros 1938), Gone with the Wind (MGM 1939), The Wizard of Oz (MGM 1939), and Citizen Kane (RKO 1941). When the United States entered the Second World War in 1941 the Hollywood machine was utilised by the government to produce propaganda films for the American public. Within one year of the attack on Pearl Harbour, nearly one third of Hollywoods feature films were war related, as were the vast majority of its newsreels and documentaries (Nowell-Smith 234). Yet again Hollywood was flexible enough to mee t the demands of the public and due to the nature of the audiences at home and most notably abroad (the UK), Hollywoods foreign revenues reached record levels. Like the Depression before it, even the Second World War could not stop Hollywood. The next period of Hollywood cinema came in the 1960s and continues today. This is regularly referred to as Modern Cinema and saw the power of the studios sway towards the director (often regarded as the auteur). In his book Easy Riders, Raging Bulls author Peter Biskind highlights Arthur Penns Bonnie and Clyde (Warner Bros 1967) as the first of the new breed of films, â€Å"Bonnie and Clyde was a movement movie; like The Graduate, young audiences recognized that it was ‘theirs† (Biskind 49). This ‘new Hollywood saw new players attract new audiences. The new kids on the block included George Lucas (THX 1138, American Graffiti, Star Wars), Steven Spielberg (Jaws, ET, Jurassic Park), Martin Scorsese (Mean Streets, Raging Bull, The Aviator) and Francis Ford Coppola (The Godfather, Apocalypse Now, Dracula). The power of the director was affirmed when George Lucass 1977 film Star Wars was released and confirmed that a single film could earn its studio huge profits and t urn a poor year into a very successful one. Star Wars had a production budget of around $13 million (imdb.com) and has (as of the end of June 2005) grossed nearly $798 million. (thenumbers.com) While the American film industry had always looked abroad for sources of revenue, the global focus of Hollywood was also amplified in this period. Overseas theatrical and video markets exploded during the second half of 1980s; between 1984 and 1986, Hollywoods European exports alone jumped 225 percent to reach $561 million annually. In some major European markets, Hollywood movies accounted for 45-65 percent of total box-office receipts. (Herman 39) In fact, according to The Numbers (a free resource for industry professionals to track business information on movies) out of the top 100 all-time highest grossing movies worldwide, only one movie was made before the period of Modern Hollywood Cinema (Gone with the Wind which has grossed $350 million dollars since its release in 1939). (thenumbers .com) With the top two films grossing $2,000 million having been released in 1997 (James Camerons Titanic) and 2003 (Peter Jacksons third instalment in the Lord of the Rings trilogy, The Return of the King) it is obvious that the Hollywood machine still manages to churn out money-making productions. So what is it that keeps Hollywood head and shoulders above other national film industries? In his essay Reconceptualizing National Cinema/s, Stephen Crofts points out that there are seven varieties of ‘national cinema as licensed by the political, economic and cultural rà ©gimes of different nation-states: â€Å"Cinemas which differ from Hollywood, but do not compete directly, by targeting a distinct, specialist market sector; Those which differ, do not compete directly but do directly critique Hollywood; European and Third World entertainment cinemas which struggle against Hollywood with limited or no success; Cinemas which ignore Hollywood, an accomplishment managed by a few; Anglophone cinemas which try to beat Hollywood at its own game; Cinemas which work within a wholly state-controlled and often state-subsidized industry; and Regional or national cinemas whose culture and/or language take their distance from the nation-states which enclose them.† Crofts 50) He ar gues that Hollywood can not be seen as a national cinema due to its trans-national appeal. Thomas Elsaesser adds that Hollywood is totally other to national cinema it is difficult to maintain because so much of any nations film culture is implicitly Hollywood. (Elsaesser 166). This is echoed in the words of Edward Buscombe who states that at times Hollywood appears to be†¦ no longer a national cinema but the cinema (Buscombe 141) These views propel the ideology that Hollywood is the word people use to describe popular cinema. As Crofts identified, there are a number of ways in which non-Hollywood cinema has tried to challenge (or indeed avoid confrontation) the American system. The fifth example; ‘Anglophone cinemas which try to beat Hollywood at its own game best represents how the British film industry tried to challenge the giant that is Hollywood (with varying results). The European film industries would fall into the third and seventh categories; ‘European and Third World entertainment cinemas which struggle against Hollywood with limited or no success; and ‘Regional or national cinemas whose culture and/or language take their distance from the nation-states which enclose them. Due to the many different European languages the latter example is perhaps the most relevant but at the same time admits defeat in attempting to export the film to the United States. However, this is not to say that Hollywood has not had to adapt to remain the world leader. The early 1980s saw a dramatic drop in box office receipts. The beginning of the decade saw a 9% drop in tickets sold nationwide in American cinemas when only 1,022 million were sold. This figure got worse in 1986 when just over 1,017 million tickets were sold (boxofficemojo.com) (compared to over 4,500 million ticket sales in 1930). The home video market had certainly dented theatrical sales but Hollywood would always recoup somehow. The immediate problem was the cost of keeping cinemas o pen; a similar situation to the post Depression period of the 1930s. Another financial reshuffle was in order. The six major Hollywood film studios were now part of conglomerates. Gulf Western (Paramounts parent company) also owned Madison Square Gardens, Desilu, Simon and Schuster, and Paramount Pictures Television. Yet, only 11% of Gulf Westerns revenues were derived from entertainment industry holdings and just 4% from Paramount Pictures in 1981. That same year, United Artists was bringing only 12% of the revenues in for Transamerica, Universal represented 22% of MCAs income, and Warner Bros. accounted for 24% of Warner Communications revenue. (Lewis 86). However, by 1989, the entertainment division of Gulf Western, led by Paramount Pictures, accounted for over 50% of Gulf Westerns yearly income during a year in which Paramount had only fourteen releases and a 13.8% share of the market thanks to the success of Indiana Jones and the Last Crusade ($197 million domestic box office), (the-numbers.com) demonstrating again just how important a single film had become by the end of the 1980s. These blockbusters were to save Hollywood and allow it to grow stronger, and in 2002 ticket sales were over the 1,523 million mark which was the highest figure for over twenty years. It is practically impossible to pinpoint a single film that best demonstrates how the Hollywood system works. I have chosen to examine three different movies from three different periods of its history to illustrate how Hollywood evolves; Intolerance (1916), Singin in the Rain (1952) and The Matrix (1999). D.W. Griffith directed over 500 films during his career, most of them were shorts produced between 1908 and 1914. In 1915 he directed Birth of a Nation, a film that â€Å"†¦established him as one of the first truly great film directors, able to balance scale with intimate, impassioned storytelling† (Falk 11) but the film also has its critics: â€Å"Hopefully the only film in movie history to project in its publicity the Ku Klux Klan as the heroic defenders of Christian civilization† (Shiach 12). Two years later he directed Intolerance. Intolerance is, in my opinion, a better example of a Hollywood film than the overtly racist Birth of a Nation. Its narrative structure is interwoven with four different stories from four different periods in history each telling their own stories of intolerance, be it through religion or society. This storytelling device of jumping from one story to another allowed Griffith to direct the film at a speed that would keep the audiences enthralled to the very last reel. Unfortunately it failed at the box office. The production budget was over three and half times than that of Birth of a Nation and the box office did not return this. The lavish sets and numerous extras that were brought in by Griffith to turn this into a spectacle ended up leading to its financial failure. This was an early lesson to the studios that throwing a lot of money at a production did not necessarily mean that it was going to be successful. In hindsight this film stands up well; the crowd scenes are epic, so to the Babylon sets and the innovative use of camera angles and cross-cut editing techniques. Griffith formed United Artists with Charlie Chaplin, Douglas Fairbanks, William S. Hart and Mary Pickford in 1919, cementing his position as a major player in the early Hollywood years. The year 1952 saw the highest grossing film in America to be the documentary This is Cinerama showcasing the possibilities of Cinerama; a widescreen system that employed stereophonic sound and used three cameras and three projectors to cover a huge curved screen. Further down the list was Stanley Donen and Gene Kellys musical Singin in the Rain (MGM 1952). Not only does the film include perhaps one of the most memorable scenes in Hollywood history (the song and dance of the title) but also one of the first big budget films to poke fun at its own industry. The story takes place during the transition from silent film into ‘talking pictures and highlights some of the problems that arose for all the major studios. Roger Ebert, film critic for the Chicago Sun-Times proudly states that â€Å"Singin in the Rain has been voted one of the greatest films of all time in international critics polls, and is routinely called the greatest of all the Hollywood musicals. I dont think theres an y doubt about that. There are other contenders†¦ but Singin in the Rain comes first because it is not only from Hollywood, it is about Hollywood.† (Ebert). The film was rushed through by MGM (the studio that produced most of the lavish musicals) after the success of 1951s An American in Paris and as such the film was an original screenplay and Donen and Kelly were freed from the constraints of adapting a stage musical, being able to develop something completely from scratch. This freedom is present on screen and, like the previous example Intolerance has won more fans in the years after its release than the audiences at the time. Today the musical is a rare sight to emerge from Hollywood. It is seen as an expensive genre that has served its time. There have been a few exceptions like Baz Luhrmanns Moulin Rouge (20th Century Fox 2001) and Rob Marshalls Chicago (Miramax 2002) but I cannot see any Hollywood studio spending money on this genre like MGM did in the Golden Age. Brothers Andy and Larry Wachowski directed the science fiction action movie The Matrix in 1999. Labeled by some as a â€Å"cult classic† (Gottlieb), I find it hard to agree that a film that has grossed over $450 million (thenumbers.com) worldwide should be called a ‘cult. Set sometime in the near future the film taps into a common paranoia that all is not as it seems. Hollywood released this film, with its $65 million (thenumbers.com) production budget knowing that the recent trend of Asian kung-fu movies were entertaining the young generation like Hark Tsuis 1991 film Once Upon a Time in China (Wong Fei-hung) or Woo-ping Yuens 1993 film Iron Monkey (Siunin Wong Fei-hung tsi titmalau). This film was also used in an extensive advertising campaign to promote the sales of DVDs; a figure of $20 million was spent on prints and advertising costs. With the combination of kung-fu, a storyline focusing on paranoia and special effects never seen before in a major blockbuster; it w ould not be cynical to believe that Hollywood thought of The Matrix as their ticket into the new millennium. The British film industry has historically always been the poorer cousin to Hollywood, or as Robert Murphy suggests, â€Å"British cinema has been despised and disparaged for much of its existence† (Murphy 5). While Hollywood was experimenting with and developing the dramatic narrative of feature films in the early 1910s, Britain did not realise the potential of the longer film format; and one of the only companys releasing fictional drama, albeit single reel films, was Hepworth who produced films such as Rescued by Rover (1905), Faust (1911) and A Fishermans Love Story (1912). As late as 1925 Joseph Schenck commented on the inferiority of British cinema saying that â€Å"You have no personalities to put on the screen. The stage actors and actresses are no good on the screen. Your effects are no good, and you do not spend nearly so much money.† (Schenck). This statement is eerily poignant eighty years after he said it. In fact as early as 1907 Hollywood was acting swift er than Britain in developing the cinematic world by exploiting British cultural heritage when the Selig Polyscope Company produced the one reel short A Tale of Two Cities based on Charles Dickens novel. Four years later Vitagraph remade the film as a thirty minute short in 1911. In fact Hollywood then remade the film six years after that when Fox produced A Tale of Two Cities in 1917. It wasnt until W. Courteney Rowden directed the one reel film of the same title that Britain finally had its own film version of the novel in 1922. And it wasnt until Ralph Thomas directed A Tale of Two Cities (Rank 1958) that Britain had its very own feature film of the novel; the sixth remake since the original 1907 film. Even though the British film industry was slow to accept the possibilities offered by the dramatic narrative of feature film there were some important figures to emerge. Alfred Hitchcock directed his first completed feature film in 1925 with the crime drama The Pleasure Garden, having already made a name for himself as a writer on Graham Cutts Woman to Woman (1923). He followed that up with a number of groundbreaking films including The Lodger (Gainsborough Pictures 1927), his first talking movie Blackmail (BIP 1929), and Jamaica Inn (Mayflower 1939); his final film in Britain before Hollywood producer David O. Selznick sent for him from Hollywood. At a time when Hollywood was going from strength to strength with the help of the MPPDA, Britain was finding that too many American imports were saturating the home industry; $165 million revenue was made for Hollywood by the overseas British market. (Nowell-Smith 58). The Films Act of 1927 set a quota on imported movies that â€Å"was pr ogressive, beginning at 5 percent and rising to 20 percent in ten years time.† (Balio 469). This should have been a period in which Britain could progress both in quality and quantity of film production as the Act was meant to â€Å"open up the market for ‘long (over 3,000 feet in length) British films by stipulating that 7.5 per cent of films acquired by film renters each year had to be British and 5 per cent of those shown by exhibitors also had to be of British origin, both percentages rising to 20 by 1935 and remaining at that level until 1938 when the Act expired.† (Street 10). In reality it allowed a number of cheap productions, or â€Å"quota quickies† (Balio 469) to be made that did more harm than good for the British film industry. However, the Act allowed Britain to emulate the American system of vertical integration with companies able to produce, distribute and exhibit its own films; this introduced The Associated British Picture Corporation and the Gaumont British Picture Corporation. The British film movement enjoyed a period of producing a number of fine films (most notably by Alfred Hitchcock) that included Alexander Kordas period drama The Private Life of Henry VIII (London Film Productions 1933), Marcel Varnels comedy starring Will Hay, Oh, Mr. Porter! (Gainsborough 1937), and Sam Woods drama Goodbye Mr. Chips (MGM 1939). When the Second World War broke out in 1939 Britain had to focus on the war effort; just as what was to happen in Hollywood, the films produced up to the end of the war were predominantly propaganda films. Some of the greatest filmmakers in British cinema were to come to the publics attention during the war; directors such as Michael Powell (The Life and Death of Colonel Blimp 1943), David Lean (In Which We Serve 1942), Thorold Dickinson (Next of Kin 1943) and Carol Reed (The Way Ahead 1944) exploded onto the scene. The 1940s were an exciting time for the British film industry with box office admissions peaking at 1,635 million in 1946 (Sparos 14) and companies such as the Rank Organisation began to expand, with a massive screen empire embracing the Gaumont British company; this included the Gainsborough Studios, the Odeon cinema circuit and Pinewood and Denham studios. The famous Ealing Studio, under Michael Balcon, secured its place in film history with the production of comedies such as Passport to Pimlico, Whisky Galore and Kind Hearts and Coronets, all made in 1949. Two years earlier Balcon founded the British Film Academy in a hotel suite at the Hyde Park Hotel on the 16 April 19 47. This was later to become BAFTA (British Academy of Film and Television Arts). Running parallel to the Ealing comedies was the movement of social reality films, commonly referred to as ‘kitchen sink dramas but often named the New Wave. At a time when the British public was feeling the burden of the aftermath of the war with rationing and high unemployment, there was a need for film to reflect the lives of the masses. One of the first major forays into this genre was produced by Filippo Del Giudice. Del Giudice was an Italian lawyer who left his native fascist Italy for London in 1932 and helped set up Two Cities Films in 1937. In the 1950 film Chance of a Lifetime directed by Bernard Miles, the story focuses on trade unionism and what stage the co-operative movement had reached in 1950, a few years after the reforming Labour government was elected but months before the re-election of Winston Churchill; showing that the country was oscillating between Socialism and Conservatism. Miless intelligent script was even-handed in its approach to these issues and also gave insights into the class system of the time yet did not go so far as to support the unions at the time. Alan Wood, biographer of Rank, charged the film with being â€Å"a crude form of anti-Socialist propaganda† (Wood 245). Even though critics felt the film did not go far enough into the class struggle it opened the doors for directors to comment on such issues as unemployment and the working classes. In earlier British films we had seen the working class as ‘good and decent supporting roles to the more noble upper classes (the most obvious analogy would be in the wartime Navy film where the working class would be below deck powering the ship and the upper classes above deck steering its course). Here we saw their lives at the centre of the action in great detail, told to the audience in an everyday household situation; hence the kitchen sink tag. We see events through the emotional journeys of these characters. Films like Jack Claytons Room at the Top (Remus 1 959) painted their protagonists to show that they had moved on from the hero at Normandy to an average, everyday person who wanted to make the most of their life and somehow try to improve their social position. This did not have to be solely represented in social realism, comedy crossed over as well. In John Boultings comedy Im Alright Jack (British Lion 1959) the class divide is made perfectly evident in the dispute between the workers and the owners of a factory; with the inclusion of Peter Sellers trouble-making union representative thrown in for good measure. At last the British film industry, as had the French and Italians, were producing films with a strong political and artistic background of their own that they would develop and progress into the 1960s. However, this particular notion of reality is much debated and is a problem when looking at whether film is â€Å"a product of society or that of an ideology of one director or author.† (Murphy 146) These New Wave films represented an â€Å"extremely dynamic, but short lived, period of film-making.† (Nowell-Smith 605). By 1963 London became the party capital of the world and the notoriety of ‘Swinging London and its Soho clubs and cinemas was in complete contrast to the gritty social dramas of the late 1950s. Suddenly British culture was internationally recognised. With the mass popularity of The Beatles in music, Mary Kwant in fashion and David Hockney in art people were looking towards Britain to produce films that captured the spirit of the moment: The 1960s witnessed a revitalisation of British Cinema and the emergence of a flourishing and diverse film culture after what was widely perceived to be the doldrums era of the 1950s.† (Moore-Gilbert 218). People demanded films that were not as ‘angry as the previous decade but celebrated the new possibility of social freedom. Unfortunately the money was not immediately available from British financiers and it was Hollywood that came to the rescue. The commercially successful Tom Jones, directed by Tony Richardson in 1963 was backed by United Artists and a number of American studios began investing heavily in British cinema. It is ironic that just as Hollywood saw the possibilities of exploiting British culture at the turn of the century, they were equally as deft to jump on the original ‘Cool Britannia bandwagon; leaving British investors to miss out all over again. United Artists also saw a lucrative business opportunity in Ian Flemings charismatic character James Bond. With the backing of United Artists, Terence Youngs 1963 film Dr. No, the first official What Is a GPS How Does It Work? What Is a GPS How Does It Work? Introduction to GPS The GPS also known as Global Positioning System is a global navigation system that runs on satellites that are active 24/7 (Library Of Congress, 2011). Development of the GPS was initially started by the US for military purposes; they would guide their troops and navigate them away from danger or would use this to launch missiles on a targeted area. Only recently during the early 2000s been the GPS released to the public by the US and made it free to access to anyone that owns a GPS receiver. Due to its various uses and availability the GPS started to gain popularity amongst people, in fact it has also helped in shaping the world into what it is today. The GPS system has become global and massive. It is used in most of our vehicles and smart phones to get us around its main purpose is to guide us to our location when we are lost, or for looking up a location. Like smart phones and email, this technology has become a key part of our modern day society. It has become a useful tool in our lives that we now have started to depend upon. GPS has replaced maps and has become the key tool of navigation. GPS is now also used in games and other application such as Facebook. GPS system works via detecting signals from GPS satellites located in space (Gray, 2012). The GPS system detects these signals via a GPS receiver (Bertagna, 2010). The GPS receiver detects the radio waves from satellites and then tries to find your location by calculating the time it took for the signal to reach the receiver. After calculating the time it took, it determines the location of the satellite and then determines how far it is from the satellite. By using trilateration it then calculates your location. Trilateration is a mathematical process which uses circles and triangles to calculate distance and area of a place. Common uses of GPS GPS has become a part of our daily lives ever since the US government released it to the public, our everyday devices have been equipped with GPS technology to assist us and enhance our experience (Saha, 2014) (Fortenberry, 2016). Everyday devices such as smartphones, tablets, vehicles and even packages we buy online have a small tracking device fitted in that constantly tracks its location, keeping the customer updated every minute. In fact, aeroplanes nowadays require a GPS tracker, which assists pilots in figuring out the route to their destination mid-air. This technology also helps control rooms in airports keep track of the aeroplanes current location. In fact, even passengers can view their current locations inflight through the entertainment system. Its not just aeroplanes that have inaugurated this technology but most of the vehicles being manufactured today come with a built in GPS system which helps drivers in setting a location and discovering the fastest way to reach it (Horban, 2009). This built in GPS technology also assists in tracking down stolen vehicles, which helps create a decline in car theft and gives a strong sense of security to the customer. The following graph taken from Rewire Security gives graphical evidence of a decline in car theft due to the implementation of a GPS system providing better and improved security. (Trading, 2014) Increase in GPS usage between teenagers Since GPS is now completely open for use to the public, many companies have started to develop softwares that utilize the GPS system. Most GPS softwares are found in mobile app stores these days since mobile phones are a common GPS using device. Moreover, since teenagers are often the age group that uses smartphones the most, quite a lot of the GPS apps are designed with the purpose of entertainment, which led to a huge rise of teenagers getting involved with such entertainment based apps. Entertainment apps which are booming between teenagers are mostly game or dating related (Collier, 2012) . Lets take the example of Pokà ©mon Go that came out quite recently, that game was a massive success due to the fact that it involved players leaving their house and going around different locations capturing Pokà ©mons. Pokà ©mon Gos main feature involved using a GPS tracker to track the players location as he would travel certain distances and to different areas. Pokà ©mon Go has also use d the GPS system to mark important landmarks as Pokà ©stops where players can buy items by using their points. This would not be possible without GPS technology. Whats important to consider here is how such a simple concept became very popular and addictive between teenagers, it is intriguing how a simple system that was used initially solely for the purpose of navigation has now turned into a means of entertainment. GPS systems are more often used by older teens in comparison to younger teens since parents do not give younger teens the freedom of roaming around the city since it is not safe for a child to roam around the city without parent supervision. Older teenagers however, tend to have a drivers license or some other means of transport and a lot of independence. Older teens tend to be given a lot more freedom in most parts of the world. Moreover, they often have to go to multiple places such as university, college, library and at times even their part time jobs. However, quite a lot of issues have appeared at the hands of GPS apps. Such as teens being addicted to the game Pokà ©mon Go and not caring about their own safety and walking around dangerous places. Moreover, GPS systems have also been adopted by dating apps now which has caused a lot of distress among parents. There has also been malpractice of the GPS apps at the hands of parents too. Some parents install apps which can allow them to track the location of their children via their childrens phone. This is an act of intruding a persons personal privacy. Due to how GPS trackers have various different uses, we have certain situations where we begin to question whether its really ethical to use such powerful technology in the way we have, which leads to social and ethical concerns being raised.

How will Brexit Impact the Law Profession?

How will Brexit Impact the Law Profession? The UKs exit from the European Union has brought shockwaves around the world. This article aims to analyse how Brexit will impact the profession of lawyers and its industry. Right now, there is much uncertainty as to how Brexit will impact the UK and its legal industry. However, in the short term, once Article 50 of the Lisbon Treaty is triggered, there could be a small boom in legal advisory needed by financial services companies on how to operate in this new environment. For example, Brexit will impact tax, employment, business law, intellectual property and financial regulation. The U.K. legal profession is massive. It contributed 25.7 billion pounds to U.Ks GDP in 2015. It also employs 314,000 people. Regarding global legal services fee revenue, it makes up 10% of it. London-based lawyers might benefit from the weak pound As the pound weakened drastically from the Brexit decision, it might lead to more business for UK based law firms. This is a significant turnaround from Londons reputation as being home to some of the worlds most expensive lawyers. With a weak pound, lawyers specializing in Mergers and Acquisitions might benefit from providing potentially cheap UK target companies for foreign buyers as a result of the weak pound. Lawyers might risk losing their privilege to practice law in EU One of the risks arising from the Brexit is that lawyers lose their rights to EU professional legal right. This means that if you are a lawyer, you might no longer be recognized by EU to practice in the region. A report by consulting giant Ernst and Young predicted that losing EU access could create a loss of 18,000 jobs in the legal and accounting sector. However, this risk remains to be seen as there are likely to be new agreements to be negotiated before the full Brexit occurs. With the significant role the legal profession plays in the U.K., the government has to find ways to alleviate the risks and damage that Brexit will create on the law profession. It cannot just let U.K. lose its prestige as a global hub for legislation and finance. In fact, the U.K. is the worlds pioneer center for dispute resolution. The use of the English law in commercial contract globally should also be protected by the British government. The loss of reputation and relevance of the law profession will create massive job losses and a trickle-down effect on other sectors. The likely relocation of financial institutions will reduce the bottom line of law firms Financial firms are one of the key clients of U.K. law companies, and because of Brexit, they might choose to relocate outside the UK. This could mean the decline of the law firms. In 2015, the five dominant law firms in London earned revenues amounting to 5.14 billion pounds. True enough, after the EU referendum, the private performances of Allen Overy, Clifford Chance, Slaughter May, Freshfields, and Linklaters all slowed down. According to a survey done by professional services group PwC, profit margins from UK operations at the top 50 law firms have dropped by an average of 1% to 1.4% percent in 2016. After the U.K. leaves the EU bloc, the EU will eliminate practice rights for cross-border business. Brexit is beneficial for Law Professors and students dealing with EU Law and Brexit One of the benefactors of the Brexit would be current law students specializing in EU law. Brexit triggers a lot of uncertainty and questions and the law students that can understand the legal complexity of the situation will be very employable upon graduation. The numbers show that some students that got accepted to law courses for the academic year 2015-2016 have more than tripled based on figures from Law Society of England and Wales. With more students joining law schools, it would also boost the demand for lawyer professors. Lawyers can, therefore, part time in law schools and increase their incomes. U.K. legal firms are doing countermeasures As a result of Brexit, many law firms, especially the elite ones are already thinking of counter moves once their key clients decide to move out of the U.K. For starters, many lawyers from England and Wales are applying to be members of the Irish Bar. By September of last year, 411 U.K. lawyers registered in Ireland. There might be more mergers in the near term and increased technology investment As a result of dwindling demand and intense competition, more mergers in the law industry might continue to unfold. For example, there was a recent three-way merger between Olswang, Nabarro and CMS UK. With the stiff competition, investing in new technology might be imperative to survive and to remain relevant. There will be fewer  EU trainees in London law firms Diversity in London law firms will take a hit as there will be less EU trainees going to London for training. These EU trainees bring talents, language skills and relevant country knowledge that could give the firm an edge. Final thoughts on the Brexit At the end of the day, the impact of Brexit on the law profession is rather uncertain. The biggest factor that will determine it will be Brexits economic impact on the U.K. The legal industry depends on many industries for business, e.g. the financial sector. If the financial sector gets dragged down because of economic uncertainty and losses from the Brexit, then law firms will suffer as well. If the economy surges, then we can see the law industry to thrive and even grow. If the U.K. economy slows down, then the law industry will have to adapt and find ways to survive. Another factor to keep in mind is how much of the revenues these London-based law firms make are outside the U.K. If most of their income is made outside the U.K., Brexit would have a limited impact on them. However, if they get mostly their revenues inside the U.K., then they will have to make some adjustments to address this risk.

Code Of Hummurabi :: Hummurabi Code of Law

In his position as King of Babylonia, Hammurabi managed to organize the world's first code of laws and establish Babylon as the dominant and successful Amorite city of its time. "Records written on clay tablets show that Hammurabi was a very capable administrator and a successful warrior. His rule spanned from 1792 B.C. to 1750 B.C. When he became king in 1792, he was still young, but had already become entrusted with many official duties in his administration" (Grolier). In the early years of his reign, Hammurabi mostly participated in traditional activities, such as repairing buildings, digging canals, and fighting wars. Yet later in his rule, Hammurabi organized a unique code of laws, the first of its kind, therefore making himself one of the world's most influential leaders. Hammurabi was primarily influential to the world because of his code of laws. This code consisted of 282 provisions, systematically arranged under a variety of subjects. He sorted his laws into grou ps such as family, labor, personal property, real estate, trade, and business. This was the first time in history that any laws had been categorized into various sections. This format of organization was emulated by civilizations of the future. For example, Semitic cultures succeeding Hammurabi's rule used some of the same laws that were included in Hammurabi's code. Hammurabi's method of thought is evident in present day societies which are influenced by his code. Modern governments currently create specific laws, which are placed into their appropriate family of similar laws. Hammurabi had his laws recorded upon an eight foot high black stone monument. Hammurabi based his code on principles like, the strong should not injure the weak, and that punishment should fit the crime. As for punishment, "legal actions were initiated under the code by written pleadings; testimony was taken under oath. The code was severe in it's penalties, prescribing "an eye for an eye, a tooth f or a tooth.""(Grolier). This code of laws was able to be maintained by invoking the authority of the gods and the state. Although the punishments were different than those of today, the authority of the state (government) is similar. Currently, punishments are issued through the state's law enforcement system, comparable to the way punishment was determined and enforced in ancient Babylon. In the code, crimes punishable by death required a trial in front of a bench of judges. Included in these crimes were: bigamy, incest, kidnapping, adultery and theft.

dogs are cool Essay -- essays research papers

dogs are cool. they smell good. they fart, and they eat alot of food. dogs are also very hairy. sometimes their hair is brown, sometimes it is white, and still other times is is black... have you ever seen a dog with no jkcool i sae a ah shf fkfnfa jdf d i sae dj that t you a re so coll fjfja red whit e jbakc are yu happyy eococ rocco is cool collin so conff djfn kljfdkl jgioawueajkljfnkajpoijwlkfv jdfjdsiajfk j fjfj j dfjlkfj ALCOHOLISM   Ã‚  Ã‚  Ã‚  Ã‚  There are many social issues facing the United States today that affect the world in different ways. One of the most popular as well as severe issues confronting our nation today is alcoholism. The question seems to be: is alcoholism simply and individualistic problem, or is it a disease capable of wiping out friendships, families, and possibly much of the United States? In order to fully understand the severity of alcoholism and its effects, one must study the problem from an interdisciplinary level. Specifically, a historical, and psycho-sociological perspectives will help to understand alcoholism the best.   Ã‚  Ã‚  Ã‚  Ã‚  First one must understand what exactly alcoholism is, and whom it effects. By definition, alcoholism is a primary, chronic disease, with genetic, psychological, and environmental factors, characterized by continuous impaired control over drinking. The disease can and does effect all people of all ages, sexes, races, and economic status. This is clearly a horrific issue, and ...

African Allele Essay

It is a fact that Central Africa is a rural area while the United States is highly urbanized. This means that diseases are more prominent in the African territory, one of which is the malaria. This widespread illness caused evolution to favor a type of change in the human body to protect it from the deadly virus. This protection is the heterozygous make up of the hemoglobin gene, where one allele is the abnormal one that causes sickle-cell anemia. When comparing three types of persons, one with homozygous normal alleles, another with a heterozygous pair, and finally one with a homozygous pair of abnormal alleles, those with the heterozygous pair would have the greatest chance of surviving the conditions of Africa. Having a pair of normal alleles would not save a human from malaria infection, and having a pair of abnormal alleles would cause sickle-cell anemia that can also kill the patient. Thus, in places such as Africa, the population has quite a number of people having the heterozygous hemoglobin gene. The lower number of sickle-cell allele carriers in the United States can be attributed to two main reasons. First, malaria is not as prominent in the United States as it is in Africa. People then did not adapt that much and this abnormal allele haven’t evolved that much. Another is the intermarriage between Africans and Americans. If an African, who carries the sickle-cell allele, would marry an American having a homozygous healthy gene, their children would only have a 50% chance of getting that trait, as compared to an African-African marriage (both heterozygous sickle-cell alleles), where the chance of getting the allele is 75%.

The Environmental impact of tourism is always harmful – Discuss

As demands for tourism and recreation increases for example due to an aging but active population , new interest in nations heritage and people seeking quiet environments so too will their impact on other socio economic structures in society, tourist environments and wildlife habitats. In Bali, Kenya and the lake District much of the early development was uncontrolled and badly planned. Development was driven by the momentum for growth and the developers desires for fast profits, without any thought being given to the future. These areas which are shaped by the forces of nature are now under threat, if not in the process of being physically damaged and destroyed. In Kenya tourism is mainly Safari and Beach orientated. The wildlife related tourism brought an increased amount of visitors into Kenya through the 1990s, boosting the LEDCs economy. However many of the areas that are most valuable to the tourist trade are the wildlife filled parks that have been inhabited by people like the Masai for hundreds of years. Tourism has been environmentally harmful here where the sheer number of visitors and amount of Safari traffic is seriously damaging the vegetation cover and the vehicles are causing soil erosion. Also the increase in tourism has meant an increase in the long haul travel which is now seriously contributing to the greenhouse effect and global warming. Problems created are going to be more severe in the ELDW than in the EMDW . Many of the tourist souvenirs are made by the locals are made of ebony and the trees are cut down faster than replaced. However tourism has not always been harmful to the environment and can benefit an area where the marine life has been re appraised and is beginning to be viewed as valuable. Like the marine park at Watamu off the coast of Milindi which was set up to preserve the coral reefs and to provide an additional visitor attraction. Not only has tourism brought environmental impacts that are harmful to Kenya, it has brought economic impacts that are harmful. At least 40% of tourist revenue is leaked outside to airlines and travel companies. You can read also Waves The result of beach tourism has caused a rapid increase of land prices along the coast, well beyond the purchasing power of local African farmers. The improvements in infrastructure has also contributed to land price inflation and encouraged further speculative hotel buildings on what was good agricultural land. I don't agree though that the impact is always harmful as the locals have benefited from these improvements in infrastructure. Furthermore tourism had overtaken coffee on Kenya's major export earner: it equalled 43% of export earning in 1990. Additionally tourism was an employer in both the formal and informal sector. In Bali the environmental impact of tourism has nearly always been harmful. The number of tourists visiting Bali was fairly low until the late sixties when the numbers dramatically increased. This was due to the governments five year plan to encourage tourism to the area. The growth in tourism caused harmful environmental impacts . Raw sewage was dumped into the sea as the infrastructure cannot cope with tourists. This damages the reefs. The wake from motor boats also destroys the coral as does the actions of those trying to collect it to sell to tourists. Once damaged there is nothing stop the waves hitting the beach directly, resulting in beach erosion that threatens coconut plantations, farmland and land on which hotels are built. Tourism in Bali has led to threat of extinction of numerous breeds of turtle whose eggs are now collected as a delicacy from tourists and the bodies of which as stuffed or made into trinkets. On the other hand this led to the environmental benefit of the convention on international trade in endangered species forcing the Indonesian government to tighten their controls on the treatment of animals. As the number of tourists increases so does infrastructure of roads , electricity mains, water, airports and car parks being created. Though its association with pollution has been a problem. The main beach in Bali Kuta has been spoiled. There is severe beach erosion of up to 2cm a year and the combat the litter problem people are employed to bury the rubbish each morning. Tourism also brought violent crime which was unknown to Bali before 1979, drug dealing , prostitution and theft increased. However in Bali a marine park of Bunaken off N Sula west was set up because of tourism. As the potential impact of tourism on the natural environment was recognised, suitable conservation projects were set up. Even though the environmental impact of tourism was harmful, I brought many economic benefits. Many new jobs were created especially in hotels, travel agencies and the craft and entertainment industries e. g. 7000 applicants for 400 jobs at the new Bali-Hyat hotel. There is a revival of some traditional arts and crafts aimed at the tourist market wood carvers, jewellery making, weaving, Batik. Also Balinese dancers now come to the larger hotels to perform for guests when originally the tourists would have had to go into the villages to see them. Again there have been economic costs where many of the economic benefits have not been evenly spread. Resorts in the South have benefited whilst those in the North east have not. This has lead to conflict between the two areas over the distribution of tourist receipts. At village level much of the money from tourism in being spent on schools, cultural improvements, temple maintenance. However increasingly the money is being spent on imported goods, which don't benefit the island economy. Land prices have increased between 1969 and 1970 by 40% in tourist areas this was 120%. In resort areas previously agricultural land use was for growing food for the islanders was sold off to resorts offering to pay hundreds of times the price it would fetch on agricultural land. To prevent the impact of tourism from being harmful again measures were taken by locals. Boards were put up on gates and walls warning tourists that certain ceremonies were private. Trees were planted and flowers. A restaurant association was established and elected its own leader. This was followed by the art shop, guest houses and bus drivers and dancer troupes. A map of the village was published by the organisation with full explanation of how to behave in the village an example of greater control by indigenous population. In the Lake District which is an MEDW, I don't agree the environmental impact is almost always harmful. The lake district is one of the UKs national parks which has two purposes to conserve and enhance the natural beauty, wildlife and cultural heritage of the lake district, was well to promote opportunities for understanding and enjoyment of special qualities of the national park and a duty to foster the economic and social well being of local communities within the park. These aims inevitably create conflicts of interest either between local people and visitors because users and uses cannot easily be easily restricted to certain areas of zoning. Footpath erosion is a widespread environmental impact and clear sign of visitor pressure. It is caused by people not sticking to the footpath because they don't want to or it is flooded or poor management. The other causes of footpath erosion climate due to heavy rain, strong winds and frost. The type of vegetation as mat grass, bents and fesules resist trampling best, the aspect, erosion is more likely to happen on slopes less than 18 and the pressure of use. However it is not always harmful as management strategies have been introduced which direct visitors along alternative routes: repair and maintain through drainage by placing small drainage channels along the path side so that rainwater is channelled away more quickly. They can construct the path using techniques such as pitching which is sinking stones into the path so that only the tops show to give a hard surface. Also matting can be used stabilizing the path over boggy ground. Furthermore the path can be repaired using methods such as levelling off the scar and the banks on its sides. Re seeding the grass with mat grass and fescues which better resist the effects of trampling. In the lake district the environmental impact is not always harmful as LDNPA ensures tourism is sustained and managed. To prevent congestion on the roads and air pollution. Roads are closed to traffic in tourist season and weekends. Tourists encouraged to ‘walk in and walk out' i. e. not using cars. Also to preserve the environment and to make the environmental impact less harmful they have a concentration of high visitor densities with a small number of honey pots with high carrying capacity such as Windermere. At the other extreme there are natural lakes on which no use of the water surface is allowed e. g. wast water. These are managed at low carrying capacities to give low density, quiet, leisure experiences. In such areas negative planning controls are used to restrict accessibility and hence control numbers of visitors. E. g. not upgrading the narrow winding roads over the passes from honey pots and not providing more parking spacing. The make the environmental impact less harmful. On top of this again to make the impact of tourism less harmful the LSNPA is the Development control or planning authority for the whole lake district. It must approve all new buildings/ changes to buildings or land use. Tries to protects the area from development out of character with the landscape . It does not stop all developments and must allow change to develop in response to peoples needs as long as the doesn't damage the qualities and character of the national park. Overall it would seem that in that tourism in the LEDW has had an adverse impact on the environment, degrading the resources on which it depends. The damage was from the overuse and misuse of resources together with poor management and planning. However in the MEDW in the lake district they have been able to sustain the environment and tourism by balancing the economic growth with conservation of the environment.