Interest Rate :: essays research papers

The Bank of Japan (BOJ) carried out the zero interest rate policy. The decrease of the interest rate was expected to cash in ones chips for recovery of the Nipponese economy. The interest rate was already very low and the analysts wonder its effectiveness. Due to the collapse of the bubble economy, the Japanese economy became sluggish and suffered from sise trillion dollars debt. The outgrowth of the government bonds caused the increase of the loan rte. It also caused the appreciation of yen and damaged the Japanese export companies because the stocks of the Japanese export companies were increasingly sold. Because the Japanese economy is largely supported by the Japanese export companies, this situation worked against Japan.In January, 1999, the Japanese government issued twice as much government bonds as usual. Soon later, the BOJ decided to decrease the interest rate to zero in short-term funds market. Consequently, life insurance companies, which lent money to banks and ear n money by its interest before, were forced out of business in short-term money market. Life insurance companies instead began to buy government bonds. Due to the increase of the demand of the government bonds the value of the government bonds remained the same even though the government issued bonds too much. As a result, the interest rate did not educate and money supply did not decrease. The zero interest rate policy was to some extent successful this time, but the interest rate cannot be change magnitude more than zero when the value of the government bonds decreases next time. Besides, most companies did not borrow from banks to invest new facilities even the interest rate is zero. Most companies had to downsize the memorial tablet and reduce employees and corporate bonds to survive in the recession. Even if they started new business and made new goods, Japanese consumers would not buy such things.

Slaughterhouse Industry Essay -- essays research papers

TABLE OF CONTENTSIntroductionIndustry StudyProject commentaryA.Basic Project InformationB.Project LocationC.Project RationaleD.AlternativeE.Description of Project PhasesF.Baseline Environment ConditionG.Impact mind and MitigationH.Environment Management PlanI.Proposal for an Environmental Monitoring and Guarantee FundAttachment of AnnexesA.Photos or Plates of Proposed ProjectB.Impact Areas, Affected and CommunitiesC.Maps of the avocation ScaleD.Permit to Operate CertificateE.E. Result of Physical and Chemical Analysis of Water and WastewaterPROJECT DESCRIPTIONDavao City butchering is fit(p) at Ma-a, Davao City. The operations atomic number 18 limited to the night shift. The delivery of animals will start at 100 to 430 in the afternoon. The whole morning time will be utilized for cleaning the area. The 2nd shift will start at 900 in the evening up to 530 in the morning.It employs 48 workers of which 25 are steadfasts and 23 are contractual. This contractual will do the mainte nance and the manual slaughtering of animals.Currently the number of hogs, cattles and other animals slaughtered are as followsHogs 200 to 250 top dogsCattle 30 to 40 headsChicken none ( chicken slaughterhouse is out of order)Goat 20 to 25 headsThe number of heads slaughtered casual does not level of with the number of kilos meat sold in the public market. In short there are hogs and cattle slaughtered privately.The following are the charges per head for the service renderedHogsP91.11 per headCattle&nbs... ...ication PlanOrganize and conduct information, education and communication ( IEC ) activities on integrated Solid Waste Management Program much(prenominal) as recycling, Re-use, composting, sanitation, proper collection and disposal of solid.Properly brief or orient the Project Administrator and beneficiaries active the EEC conditions, commitment and agreements made about the project. Support continuing government efforts to promote environmental sound Slaughter House proj ect.I.Proposal for an Environmental Monitoring and Guarantee FundA slaughterhouse of this size requires regular environmental monitoring. To do this, it has to undergo environmental impact assessment to determine whether there is violation of the mitigating measures. To achieve this, a respectable budget should be included in the maintenance and operating cost to answer for many defects that may result to environmental disaster, this budget should be on regular basis to include hiring in contractual basis environmental engineer.

Australia is at War Essay -- Prime Minister Robert Gordon Menzies

Australia is at War is a primary source from the year 1939 and is a speech by renowned Prime Minister Robert Gordon Menzies (1894 1978). This speech was delivered at the beginning of World War II declaring Australias participation and assistance to its Mother Land, Great Britain. World War II was developed and initiated by the infamous Adolf Hitler, a notorious German leader and the head of the Nazis. Germans invasion of Poland initiated Great Britains move to wards force rather than their authoritative approach of negotiations and peace, as stated in Prime Minister Menzies speech, they Great Britain have kept the door of negotiations open they have given no cause for provocation. So the single-valued function of this source, Menzies speech, which was broadcasted on raceal radio, was to inform Australia of the drastic measures that were to be taken against Germany in the defence for their Mother Land. As Australia had only pronounced federation a mere thirty-eight years earlier, Great Britain was still referred to as the Mother Land, as it was still greatly depended upon it, concluding that when Great Britain had declared war upon Germany, as a result, Australia too was also at war. From Australias contribution to Great Britain began the rise of varies army reinforcement groups such as AIF (the Australian violet Force), RAAF (Royal Australian Air Force), RAN (Royal Australian Navy) and many more.Prime Minister Menzies announced this speech to the whole of Australia on a radio broadcast to enlighten the nation of the beginning of World War II, Australias involvement and the circumstances surrounding this catastrophe that affected the whole of the world. Robert Menzies was born on 20th of December 1894 in Victoria, Australia a... ...peech Australia is at War spoken by Prime Minister Robert Menzies at the outbreak of World War II in 1939 is a trustworthy and veracious primary source. The national announcement broadcasted by Menzies himself was addressing Au stralia of their forces uniting and aiding Great Britain in their war against Hitler and Germany. Justifiable historians and authors such as Joan Beaumont, Allen Martin and Christopher Waters work corroborates with the contents and purpose of Robert Menzies speech to display its accurateness and reliability. Works CitedBeaumont, Joan. Australias War 1939-45. Sydney Southwood Press, 1996.Martin, Allen William. Robert Menzies A Life. Melbourne Melbourne University Press, 1993.Waters, Christopher. The Menzies Government and the Grand Alliance During 1939. Australian Journal of Polotocs and History 56.4 (2012) 560-573.

Global Pollution Essay -- Environment, Environmental Issues

Pollution is a ontogeny issue in the population and is the major cause that contributes to many environsal problems. What is usually classified as pollution, what winning of pollution is present in the world, and what the people atomic number 18 doing to deal with this pollution issue in the world. There are several problems with world pollution that are associated with global warming and include waste disposal, water pollution, and air pollution. These things are usually caused by people on the planet who produce waste. This has been a growing complication and is (omit) now been taken as a serious issue. Solutions to these situations have been considered to keep the Earth and all the things in it.One of the situations that are involved with world pollution is waste disposal. There are many ways in which garbage or other materials are disposed of, which involves the most obvious solution, and the champion most comm altogether used, is simply to bury those wastes underground, of ten in metal drums or concrete containers. This method of disposal has any several drawbacks, however. For example, drums and containers break open, leaking raging chemicals into the groundwater. People living near hazardous waste sites are then exposed to those chemicals in their drinking water, by means of food gr witness on the land, or in other ways. Since people of color and low-income people tend to live near hazardous waste sites far more(prenominal) often than do more affluent white people, hazardous waste disposal is a problem of special concern to those communities (Newton). Another way used to dispose of waste is through incineration. This method requires precise close monitoring, since the ashes and smoke can still be just as hazardous as its physical form. Burning wastes at very high ... ...e environment that have had an influence on the habitats of many organisms. Most of these pollution incidents have a negative effect on both our environment and economy, which d eals with how food is produced and how it is affected by pollution. Water has also been influenced negatively by the overcoming waste that is manufactured by people and certain businesses and when it is polluted by garbage, at that place is nothing that is done until it becomes a problem. Everyone in the world contributes to pollution, every single nation, person, and establishment, has some contribution to pollution. The only solution to the widespread of pollution can only be to produce better and more efficient ways of providing power for our everyday needs. The resources used mainly causes pollution, since every nation uses their own resources that (omit) have an influence on the environment.

The Character of Pearl in Hawthornes The Scarlet Letter Essay

The Scarlet Letter free fall Children are incredibly unsanded and sack up sense almost any emotion of an adult by observing body language and facial expressions. Such is the case with the youthful Pearl from the novel The Scarlet Letter, by Nathaniel Hawthorne. As the daughter of the adulteress Hester Prynne, the townspeople view Pearl as a demon in an angels clothing who non only knows exactly what the letter A signifies on the bosom of her develop, but as the demon who placed it there, as well. The townspeople think that Pearl uses this information against Hester by constantly mentioning the letter in order to make Hester extremely uncomfortable. This belief of the townspeople is certainly not supported by the following dialogue. Nay, stimulate, I have told all I know, said Pearl more seriously than she was wont to speakBut is good earnest now, mother dear, what does this scarlet letter mean?- and why dost thou wear it in thy bosom?- and why does the minister keep his h and over his heart? She took her mothers hand in both her own, and gazed into her eyes with an earnestness that was seldom seen in her wild and capricious character. (Hawthorne 164) This dialogue does not seem to be the row of a demon, but of a child who is utterly curious about what the letter A on her mothers bosom means. One should not underestimate Pearls intelligence. Pearl is not the demon many townspeople consider her to be instead she is intelligent and sensitive towards her surroundings and can understand much about the scarlet letter Hester wears. The neighboring townspeople had given out that poor little Pearl was a demon subject such as ever since old Catholic times had occasionally bee... ...tions lead a reader to realize that she does see a link amid Hesters letter and Dimmesdales habit of covering his heart with his hand, although she does not know what this connection is. Pearl is an frightening child and perhaps one of the hardly a(prenominal) many-sided c haracters in the novel. Although some readers of this novel may not care to read between the lines and see beyond the labeling of demon, the true Pearl is completely diametrical from this stereotype. The real Pearl, the inquisitive, intelligent, and beautiful creature that she is, becomes the symbol for salvation in this novel. Pearl may be the product of sin and filthiness, yet she possesses traits that make her an amazing child. Indeed, Pearl is the rosebush which grows near the prison door she is the one bright spot the prisoners of this novel see as they peer through the small windows of their confinement.

The Character of Pearl in Hawthornes The Scarlet Letter Essay

The Scarlet Letter Pearl Children are incredibly sensitive and can sense almost any emotion of an adult by observe body language and facial expressions. Such is the case with the youthful Pearl from the legend The Scarlet Letter, by Nathaniel Hawthorne. As the daughter of the adulteress Hester Prynne, the township flock Pearl as a demon in an angels clothing who not only fill ins exactly what the letter A signifies on the essence of her mother, but as the demon who placed it there, as well. The townspeople believe that Pearl uses this information against Hester by constantly mentioning the letter in order to imbibe Hester extremely uncomfortable. This belief of the townspeople is certainly not supported by the following dialogue. Nay, mother, I have told all I know, said Pearl more seriously than she was wont to speakBut is good earnest now, mother dear, what does this scarlet letter mean?- and why dost thou wear it in thy pinch?- and why does the minister keep his hand over his heart? She took her mothers hand in both her own, and gazed into her eyes with an earnestness that was seldom seen in her wild and capricious character. (Hawthorne 164) This dialogue does not seem to be the words of a demon, but of a child who is utterly curious about what the letter A on her mothers bosom means. One should not underestimate Pearls intelligence. Pearl is not the demon many townspeople consider her to be instead she is intelligent and sensitive towards her surroundings and can understand much about the scarlet letter Hester wears. The neighboring townspeople had prone out that poor little Pearl was a demon offspring such as ever since old Catholic times had occasionally bee... ...tions travel a seeer to realize that she does see a link between Hesters letter and Dimmesdales habit of covering his heart with his hand, although she does not know what this connection is. Pearl is an amazing child and perhaps one of the few many-sided characters in the n ovel. Although some readers of this novel whitethorn not care to read between the lines and see beyond the labeling of demon, the true Pearl is completely different from this stereotype. The real Pearl, the inquisitive, intelligent, and beautiful creature that she is, becomes the symbol for salvation in this novel. Pearl may be the product of sin and filthiness, yet she possesses traits that make her an amazing child. Indeed, Pearl is the rosebush which grows near the prison door she is the one bright spot the prisoners of this novel see as they peer through the small windows of their confinement.

Critical Thinking Questions Essay

Labeling is a societal way of correcting wrongs within the community by giving names related to the kind of wrong committed. Unfortunately, this does not always correct the deviants behavior. The labeled character internalizes the label and gets accustomed to it so as be claim as labeled. Once one is called a thief they become one because the society is already aware of their character and they have no fear. They abide to the ascribed label, (Labeling and Crime, 2001). 2). What is the difference between primary and secondary deviance?Primary deviance, according to Edwin Lemert, is the initial act in which a person is identified to have committed a social wrong. When the society tries to correct it by punishing the offender they may or not stop committing this act depending on their apprehension of the form of correction. Secondary deviance is a kind of deviance that results from the reaction of the offender to the initial societal corrective measures. The offender tends to acquain t themselves with stubbornness against first off hand correction to mistakes. As result of being labeled they develop a mind set that they are deviants.The community may try to punish them harder only to realize that they harden and commit the crime more frequently and fully become criminals rather than just deviants, (Crime and Criminology, 2010). 3). What are some examples of master perspective not in the text? A master status is acquired when one is successfully labeled and develops that particular kind of label making it his/her temper. For example, one may acquire a master status as a prostitute, rapist, gay or homosexual. This may have resulted from an act out of curiosity, desperation or poverty. When it is cognize to the public they may be labeled.The community does not want to associate with them and they may not get jobs due to the label and they decided to make it their personality for survival. 4). What are traits associated with them? Master status may result to a c omplete change in the character and personality of an individual. The new state makes them express rugged self esteem, shyness to the public, wild reactions that make them commit the crime more even after harsh punishment. They may tend to be closely associated with other criminals and may indulge in other related crimes other than the one they were labeled after.This mixed reaction results from victimization of the labeled person by capitalizing on his weakness rather than promoting their strengths. 5). How do those assumed traits affect our perceptions of people with that status? The perception of the community on a person who has acquired master status is change towards the description of this person in accordance to their label. They are called thieves other than teacher or father which would still be his other roles in the society. The community perceives them as evil and criminals despite any attempt to act well.6). What are decision-making flakes used by keen-witted choi ce theory? Decision making in rational theory may be in two types. Criminal event decision type and criminal involvement decision type. Criminal involvement type of decision making involve the criminal weighing options on whether participating in a criminal activity would yield more benefits or negatives. A cost benefit summary is first taken before one commits crime. Crime event type of decision making involve the issues related to a particular crime that respond to the questions where, when, and how.The person must have decided to commit a crime and but they are either held back by either of the above mentioned situations which would promote the success of the crime, (Vito, Maahs, & Holmes, 2007). 7). How do these decisions apply to crime? The rational decision making applies in crime in a amount of ways. If a criminal decides that it would be beneficial, advantageous, and lucrative to commit the crime then they would commit it at particular location and specific time as deemed appropriate.When the analysis is completed the criminal does not fear any punishment emanating for the crime they intend to commit. This is applicable in theft and burglary cases. References Crime and Criminology retrieved in 2010. http//www. sociologyindex. com/crime. htm 2010 Labeling and Crime alter in March 2001 http//www. le. ac. uk/education/resources/SocSci/labelling. html 09 Vito, GT F. , Maahs, J. R. & Holmes, R. M. (2007). Criminology theory, research, and policy. Canada Jones and Bartletts publisher.

The Age of Turbulence

Alan Greenspan published The eld of Turbulence Adventures in a New World on September 17, 2007 and the first half(prenominal) of the work is an autobiographical chronology of his life. It gives readers a chance to view the muckle and circumstances that can help and guide Greenspan as he grew up.The second half of the account control states the major economic events that devour occurred over the past half century. He details his life under different U.S. Presidents as well as economic systems including the Marxist Communism, Populism, as well as Market Capitalism.According to Greenspan, free merchandise capitalism is the economic approach that leave alone trump other approaches. Based on Adam Smiths invisible hand which is the peoples motivational self- pertain which is important in his view of building a flourishing economy.In the book he discusses the fast historical growth of the U.S. economy under the market capitalism as well as its benefit to the other foreigners. Inte rspersed in the material is Greenspans lack of quality public secondary education for the masses especially in the field of sciences and mathematics and it map in the variant of rich and poor in the U.S.Greenspan hits hard as he criticizes President Bush, VP Cheney and Republican-controlled Congress for abandoning the traditional tenets of fiscal discipline. Included in his argument is the Presidents refusal to veto new Fed sequencel legislation which increases the spending easily. According to him, Bush approach has been one of conflict avoidance and attending to political agendas leaving no room for reason.It is President G geological erald Ford whom he praises above all the other presidents including former President Clinton calling his governance as characterized as a accordant disciplined focus on long-term economic growth. Even at the age of 81, Greenspan has strong opinions about several issues and is saddened that it is politically difficult to admit that in truth, the Ir aq war is mainly about oil. His comments about the war can be shocking as he reveals that there could be about 1.2 million people could have died because of this conflict in Iraq.According to a Washington Post columnist, people will most likely agree that Greenspans greatest contribution is that of the constitution shaper who, through the power of his office, the force of his intellect, and the cunning behind-the-scenes maneuvering, engineered the wholesale deregulation of the US banking and pecuniary system.With regard to legacy, his most important legacy is that of fashioning the US economy more prone to asset bubbles, corporate scandals and financial c repeals, but robust enough to absorb such shocks while proceed to riposte long-term economic growth (Pearlstein, 2006, p. D01).He was elected to third consecutive term in 1996. One of the highlights of this term is tell to be the crucial role he played during the financial crisis that hit Asia and Russia.With the world fin ancial system under threat, Greenspan is verbalise to have gone against the conventional wisdom of raising inte relief rates, and instead convinced his Fed colleagues to do the reverse and support him in pushing for three consecutive interest rate cuts. That unexpected move is said to have been instrumental in pumping capital flows into the world economy and averted a recession in the US and many parts of the world.Moreover, Greenspan is said to have collaborated with the and so secretary of the treasury Robert Rubin in inspiring cartel in the national economy, so much so that in 1998, unemployment levels were at 24-year lows, inflation levels were at 11-year lows, and consumer confidence was highest compared to the past 30 years.According to a Washington Post columnist, people will most likely agree that Greenspans greatest contribution is that of the policy letr who, through the power of his office, the force of his intellect, and the cunning behind-the-scenes maneuvering, eng ineered the wholesale deregulation of the US banking and financial system.With regard to legacy, his most important legacy is that of making the US economy more prone to asset bubbles, corporate scandals and financial crises, but robust enough to absorb such shocks while continuing to deliver long-term economic growth (Pearlstein, 2006, p. D01).Some manikins demonstrate the Greenspan standard in action. From 1994 to early 1995, for example, Greenspan was said to have launched a series of preemptive moves to tighten the monetary policy to ward off the threat of a trend towards rising inflation, in the form of increased interest rates. While the move to raise rates were said to have initially shocked the market, such moves were said to be a clear statement of the Feds seriousness to tame inflation.As a will to his flexibility, he then eased rates towards late 1995 when the economy showed signs of abrupt weakening, thus pumping money into the economy and avoiding a slowdown in economi c activities (Yu, n.d., p. 5).Another example of Greenspans prescience was in 1998, when the Fed introduced rate cuts in three consecutive months from September to November, amidst signs of an economic slowdown. Such moves are said to have influenced European central banks to make similar rate cuts to avert a greater slowdown in the economies of Europe.Virtually every intellectual sector in the United States and the rest of the world has heaped praise on the singularly successful steer of monetary policy by Alan Greenspan during his term as chairman of the US Federal mental reservation Board. Blinder and Reis, in a paper out of Princeton notes the followingNo one has yet credited Alan Greenspan with the fall of the Soviet Union or the rise of the Boston Red Sox, although both may come in time as the legend grows. But within the domain of monetary policy, Greenspan has been central to effective about everything that has transpired in the practical world since 1987and to some of th e major developments in the academic world as well (Blinder and Reis, 2005, p. 1).Indeed, the book examines his views on these issues. To wit, Greenspan presided over an era marked by the Black Friday stock market crash in 1987, the wars in Kuwait in 1990 and the Iraq war in 2000, a global financial crisis in 1997 and 1998, the biggest financial bubble in history, a productivity growth turnaound that started in 1995, and the threat of deflation in 2003 (Blinder and Reis, 2005, pp. 1-2), and successfully hurdled them all to the benefit of the US and world economies.On the other end, some quarters have also been critical of the tenure of Alan Greenspan. One quarter argues that Greenspan leaves the Fed with a legacy of debt that will have long-term adverse impacts on the US and world economies. Specifically, a study notes that such a legacy of debt by Greenspan has potential adverse consequences.Basically, the line of ratiocination is that foreign creditors could start to question how America will be able to pay future interest and dividend payments without resorting to printing dollars, and such could result on a run on the dollar. The run on the dollar can then lead to a rise in interest rates, which could hurt the housing market and cause mortgage defaults to rise. Such a rise in defaults could then cripple the banking system, making Federal rate cuts less effective in steering the economy.I think that on balance, those who have been heaping accolades on Mr. Greenspans performance at the helm of the Federal Reserve Board have reason to do so. The Greenspan era was one that was characterized by the singular success of the policies of Mr. Greenspan to steer the US economy to its current state of prosperity.Basically, my take on the Greenspan standard is that Mr. Greenspans policies are found on intelligent, period-by-period assessments of the state of the economy, and making adjustments to monetary as needed, discarding old assumptions that are not in tune to reality and keeping close tabs to what is actually misfortune moment by moment. The Greenspan standard seems just another way of saying that Mr. Greenspan kept a close watch of the economy and did everything at his disposal to make sure that monetary policy is cautiously and prudently managed.The criticism regarding Mr. Greenspans legacy as one of it being a legacy of debt is simplistic. The argument is predicated on the withdrawal of trust by creditors in the ability of the US to pay its debt obligations, and on the collapse of the housing market. It is simplistic because it fails to consider that the macro economy is unfree on factors other than housing.Also, it is simplistic because the argument does not take into consideration the probability of a debt default happening, which is the main event that detractors say will conjure off a series of cascading effects leading to the weakened ability of interest rates tweaking in controlling the economy.He mentions in the book that th e rate of scientific innovation is slowing down. He is pessimistic about the prospects that the United States is facing. He is able to predict that there are advances in the information technology and this will permanently increase the economys growth capacity. Greenspan was able to keep interest rates low so that the economy could reach its potential. Greenspan was vindicated because in the years after that, the productivity figures started rising consistently.By and large, Greenspans memoir is an interesting read that makes readers enlightened about his life in the context of the Sept. 11 bombing. He is a man who also influenced the nation as he traces his early roots, as well as his training as an economist and finally his logical argument as the Fed Chairman.His experience in the dotcom era manifests to him that the best way to control a speculative boom is to prevent it from developing from the very start. What makes the book an engaging material is the fact that he relied on the use of formal mathematical models together with a set of assumptions that can be identified with data. He stated his own predictions about the future and concluded that in the end, it is mans ability to transcend the sufferings and trials that ultimately matters in the end.REFERENCESBlinder, A.S and Reis, R. (2005). Understanding the Greenspan Standard. Princeton University. Retrieved April 6, 2008 at http//www.kc.frb.org/PUBLICAT/SYMPOS/2005/PDF/BlinderReis.paper.0914.pdfGreenspan, Alan. The Age of Turbulence Adventures in a New World. Allen Lane (17 Sep 2007) Pearstein, S. (2006). The Laissez-Fairest of them all. Washington Post. 20 January 2006. Retrieved April 6, 2008 at http//www.washingtonpost.com/wp-dyn/content/article/2006/01/19/AR2006011903180.htmlYu, H. (n.d.). Alan Greenspan. University of Florida. Retrieved April 6, 2008 at http//bear.cba.ufl.edu/demiroglu/fin4504fall2004/Articles/Greenspan.pdf

Discuss the role and importance of the doctrine of judicial precedent in English legal system. What are the advantages and disadvantages of the doctrine?

IntroductionThe belief of juridic condition is based upon the principle of st are decisis, which means the standing by of antecedent conclusions. This means that when a particular point of jurisprudence is decided in a graphic symbol, all future cases containing the same vexs and circumstances willing be marge by that purpose as signified in Donoghue v St regular(a)son1 and Grant v Australian Knitting Mills.2 Whilst the doctrine of discriminative causality helps to maintain the interests of justice, many ache argued that it restricts the integritys ability to keep abreast with the changes in society and that much restriction thereby exists.3 Consequently, there are advantages and disadvantages to the doctrine of judicial antecedent which will both be discussed in this study. This will be done by firstly considering the role and importance of the doctrine, followed by a review as to its advantages and disadvantages. at one time the relevant information has been ga thered an analysed, an appropriate conclusion will then be drawn. government agency and Importance of the Doctrine of juridical PrecedentThe doctrine of judicial case in point is a general principle of common law that is established in a case to help courts decide upon similar issues in posterior case law.4 Judicial common law is defined in the Oxford Dictionary of Law as a judgement or decision of a judiciary employ as an authority for reaching the same decision in subsequent cases.5 There are two different kinds of judicial precedent that exist which are authoritative and persuasive. Authoritative precedent binds all lower Courts, whilst persuasive precedent does not actually sacrifice to be followed and is intended to merely persuade the Court into making a particular decision. It is necessary that Courts always follow the judicial precedent doctrine6 so that any discrepancies place be avoided. This will provide greater certainty to the judicial corpse, which is vital in maintaining the interests of justice.7 Not all agree that judicial precedent is that effective, however, and have instead argued that many of the principles are weak and out viewd.8 This is collectible to the fact that judicial precedent is ageless and so a decision that was made a long time ago by a Court of Appeal, for instance, will silent have to be followed until it is distinguished by another Court of Appeal or razeed by the unequivocal Court.9 Judicial precedents that have been set by higher Courts will therefore be binding upon all lower Courts unless the same Court or the Supreme Court has overturned the preceding decision as identified in Young v Bristol Aeroplane Co Ltd.10 Therefore, whilst judicial precedent does have many drawbacks, it is still an important part of the judicial system and is necessary in the interests of justice.AdvantagesThere are many advantages to the doctrine of judicial precedent with one of the main advantages being the ability to save time when making a decision on a case.11 If a Court is already provided with an answer to a puzzle in which they face, it will not take as much time to reach a reasoned conclusion. This is because the Court will not be inevitable to analyse the case and make a decision as they will already have the answer before them, which is a significant benefit in spite of appearance the judicial process. An example how effective judicial precedent can be is exemplified in the case of Hunter and Others v Canary Wharf Ltd and London Dockland instruction Corporation.12 Here, the Court did not have to form an original precedent was could merely apply a previously established principle to the issue at hand. other advantage, which has already been mentioned, is the consistency between cases. This strengthens the system and is also likely to reduce crime since those who are aware of the consequences will be less likely to kick in a criminal offence.13 Greater fairness is also provided as cases with similar facts will be treated the same. This is of course unless there is some further fact which is material to the decision as the Court will then be capable of reaching a different conclusion.14 The existence of a judicial precedent may also prevent a Court from making a mistake as guidance will be provided as to how a case ought to be dealt with. Therefore, a judge will be less likely to make a mistake when reaching a conclusion and a decision will be deemed to be a lot stronger. It will make it difficult for a Courts decision to be contested as there will be case law in place that will back up the Courts decision as shown in Kadhim v brent goose London Borough Council.15 This is important in preserving the integrity of the justice system and maintaining Judges confidence.16Injustice will also be prevented as it would certainly be unsporting for different outcomes to be reached in two cases with similar facts. This would be unfair and society would most likely lose confidence in the justice system. Judicial precedent also prevents judges from producing prejudicial decisions since a judge will often be bound to follow a previous decision even if he disagrees with it.17 This is important in ensuring that the rulings of judges remain as consistent as is reasonably possible so as to prevent confusion and unfairness.another(prenominal) advantage that exists is the ability to develop the law even further. Making law in decided case provides an opportunity for growth and legal development and ensures that the law is able to keep abreast with the continuous advances in society.18 Courts are able to lay down legal rules and principles a lot quicker than Parliament and because there are constant societal and technological advances, it is necessary that new legal rules and principles can be established more conveniently. The doctrine of judicial precedent can also be flexible in that judges are able to make decisions on a case by case basis agree to the individua l facts and circumstances.19 However, this flexibility is restricted by the judges obligations to follow previously decided cases. Because there is a centralised legal system, it is much easier for judges to follow.20 This is oddly so in the UK were there are only a small number of Courts. Arguably, there are many advantages to the doctrine of judicial precedent, yet is unreadable whether these outweigh the disadvantages which will be discussed in the next section.DisadvantagesWhilst there are many advantages to having a doctrine of judicial precedent in the, it often tell that the doctrine introduces unnecessary restrictions into the law.21 Because of the fast pace at which society advances, it is necessary for the law to keep abreast with any changes that are made. However, the existence of judicial precedent often prevents judges from developing legal doctrine in accordance with societal developments.22 This demonstrates how the judicial system is somewhat outmoded as reliance upon date case law decisions will be made. This may not be appropriate in modern society and it seems as though further advancements may need to be made. This has a negative impact upon the role of judicial precedent and highlights the complexity of the system. This is because a certain area of the law may have developed over time, yet judicial decisions may not reflect the changes that have been made.Another disadvantage is that the volume of cases may result in also many precedents, causing confusion.23 Because there are significant amount of case law decisions, it can be extremely difficult and time consuming to get word the law. It has also been put forward that judges may look for reasons not to follow a decision and therefore produce an illogical decision.24 This can have dangerous consequences and is not what the doctrine intended. Judicial precedent may also cause injustice as the overruling of an earlier case may spark churn up if individuals have conducted their affairs in accordance with a decision.25 This weakens the importance of the judicial precedent doctrine and seems to counteract its original objectives.Since the Human Rights Act 1998 was enacted, the doctrine of judicial precedent has in fact been weakened. This is because legal rules and principles must be read and given effect in a way that is compatible with the rights that are contained chthonian the European crowd of Human Rights 1951. Any legal rules or principles that appear to conflict with such rights must therefore be amended to ensure fitted protections are being provided to individual human rights.26 This has a significant impact upon the judicial precedent doctrine since lower courts may be able to overturn previous decisions if it can be shown that they are incompatible with the rights under Convention. As noted by Betten when confronted with the Convention, British judges will in many see have to put themselves into a different interpretative frame of mind.27 This was r ecently exemplified by the case of Culnane v Morris & Anor28 when Eady J had to consider the effect section 10 of the Defamation Act 1952 had upon the rights contained under the Convention. Under the judicial precedent doctrine the Court would have been required to follow the decision in Plummer v Charman.29 However, because the decision in Plummer was incompatible with the Convention rights, Eady J was capable of side-stepping the decision. Therefore, it could be said that judicial precedent is not effective in cases concerning human rights.Subsequent to the regulation of the HRA, it therefore seems as though the judicial precedent doctrine is largely being undermined since the judiciary are no longer required to follow previous decisions if they are incompatible with the Convention. It could be said that the doctrine is no longer important since the Court in Miller v Bull30 departed from the decision in Ahmed v Kennedy31 regardless of the fact that the Ahmed decision was made sub sequent to the HRAs enactment. In has been suggested in view of these cases that a gaping hole in the precedent wall32 exists as new human rights points can be taken at whatever level they first arise, notwithstanding previous cases which would otherwise be binding.33 Consequently, it evident that judicial precedent will not always be followed if it can be shown a decision is incompatible with Convention rights. This has also been treasure by Zander who put forward that under the Human Rights Act 1998, the operation if the doctrine of precedent may be set aside.34 Therefore, Courts may be kick not to follow the decisions of higher courts. This will only be applicable in cases concerning human rights and so the judicial precedent doctrine will still be upheld in the majority of instances.Furthermore, once a human rights issue has been recognised subsequent Courts will then be required to follow the position that has been taken. This re-instates the judicial precedent doctrine furth er and maintains consistency in the judicial system.35 As identified by Fafinski and Finch section 2 of the HRA requires future courts to take into broadsheet any previous decisions of the ECHR.36 These decisions will not, however, be formally binding, though they will be highly persuasive. In effect, any human rights issues that have been dealt with will be subject to the precedent doctrine. In general, Courts will be required to follow any the jurisprudence of the ECHR, provides that it is clear and consistent yet it should never be suggested that a court is bound by Strasbourg decisions.37 It could be said that the precedent doctrine was essentially put on hold when the HRA was enacted to enable the Courts to deal with human rights issues effectively. However, the doctrine is now being restored as human rights decisions are being made post HRA. Arguably, whilst the HRA had a significant impact upon the judicial understanding of judicial precedent the underlying features of the d octrine remain unchanged and it is only a matter of time before all human rights issues have been dealt with by the Courts and the doctrine is in full restored.ConclusionThe doctrine of judicial precedent primarily assists Courts when making decisions via previously decided case law. This certifies that certainty and consistency is being provided within the judicial system and enables a speedier judicial process to be effectuated. Greater fairness also exists as cases with similar facts will be treated the same, which prevents any injustice from occurring. levelheaded rules and principles can also be developed under this process and a more flexible judicial system is established. On the other hand, there are many inherent drawbacks that exist under the doctrine, such as the unnecessary restrictions that are placed upon judges to follow previous decisions. This could prevent the law from retentiveness up-to-date with advances in society as many of the principles may be somewhat ou tmoded. Furthermore, it may also be time-consuming and difficult to understand the law as a result of the amount of cases that exist. Since the HRA was enacted, the doctrine of judicial precedent also appears to have been weakened, yet as new case law decisions are established, the doctrine will in fact be restored. This is essential given the importance of judicial precedence and although there are many disadvantages, these appear to be outweighed by the advantages.BibliographyBooks C Duxbury. The Nature and Authority of Precedent, (Cambridge University Press, 2008).D Gray. Public Services, (Heinemann London, 2004).E Reichert. Challenges in Human Rights, (Columbia University Press London, 2007).J Ashcroft and J Ashcroft. Cengage Advantage Books Law for Business, (Cengage cultivation United States, 2010).J Martin. Key Facts English Legal System, (Routledge London, 2014)J ORiordan. AS Law for AQA, (Heinemann Oxford, 2002).L Betten. The Human Rights Act 1998 What it Means The Incorpo ration of the European Convention on Human Rights into the Legal Order of the UK, (Martinus Nijoff Publishers, 1999).M Charman. B Vanstone and L Sherratt. AS Law, (Routledge Oxon, 2012).M Zander. The Law-Making Process, (6th edn, Cambridge University Press, 2004).P Plowden and K Kerrigan. Advocay and Human Rights Using the Convention in Courts and Tribunals, (Routledge, 2002).S Fafinksi and E Finch. English Legal System, (2nd edn, Pearson Education, 2009).Oxford. Oxford Dictionary of Law, (6th edn OUP Oxford, 2006).Journals D Lock. Public/Human Rights Unconventional? (2009) 159 New Law Journal 1727, Issue 7397.Halsburys Laws of England., Paragraph 21 Power to Determine Ambit of Own Authority Lexis Nexis.Halsburys Laws of England. Paragraph 1460, Human Rights. Lexis Nexis.J T Loughran. Some Reflections on the Role of Judicial Precedent Fordham Law Review, Volume 22, Issue 1, 274-320.Sixth Form Law. Advantages and Disadvantages of the Doctrine of Judicial Precedent Accessed 27 April, 2014.Cases Ahmed v Kennedy 2002 EWHC Civ 1793Culnane v Morris & Anor 2006 EWHC 2438Donoghue v Stevenson 1932 AC 562Grant v Australian Knitting Mills 1936 AC 85Hunter and Others v Canary Wharf Ltd and London Dockland Development Corporation 1997 UKHL 14Kadhim v Brent London Borough CouncilMiller v Bull 2009 EWHC 2640 (QB)Plummer v Charman 1962 1 WLR 1469Young v Bristol Aeroplane Co Ltd 1944 KB 718 CA

Captain America as a Rhetorical Superhero Essay

Half of the person we become is an impression of the ones we admire. Growing up in the United States every kidskin has someone they look up to. This most likely is an individual that arrays success and the values we are taught to respect. Superheroes have always served as something good in our lives because they make us want to help the world and feel like we sack up do anything. Superheroes represent qualities that we should all(prenominal) attempt to cost. What Captain America truly represents send word be interpreted in many ways, quiet there are messages being conveyed.The authors of Captain America The First Avengers use rhetoric to express the accessible ideology that being a hero is not exactly how strong you are, but what values and morals you live your life by. Captain America was created through with(predicate) a technological experiment on the capabilities of the human body. Dr. Erskine developed a serum that improves everything in the human body to help the A llied forces against the Nazis. He was flavor for the perfect candidate to create the flawless warrior a man that exhibited opportune physical qualities, mental aspects and personality traits.They chose Steve Rodgers, the complete opposite of a physical specimen, but the optimum mental applicant. He was courageous, honorable, kind, compassionate and a patriot. He was only a man trying to fight for his country in its time of need. These were the master(prenominal) traits Erskine was looking for. The serum would take care of everything physical, but would only improve upon his personality traits. Any of the recruits could have been chosen and became superhuman but they were not the surpass fit. While the serum does make anyone have super human abilities, it similarly amplifies every trait of a person even the negatives.This was the result for the first effort on Johann whose greed aggression and selfishness were amplified. Dr. Erskine explains it well in the movie The serum ampli fies everything that is inside. So, good becomes great. Bad becomes worse. This is why you were chosen. Because a strong man, who has known power all his life, will lose respect for that power. But a weak man knows the value of strength. And knows compassion. He is saying that a fibrous man that becomes more powerful would be dangerous in this situation.Steve was given the treatment and because of whom he was became the superhero Captain America and not another villain. Captain America can be seen as one of the most American super heroes there is. A weak man, looking completely emaciated, becomes the perfect image of a man. He grows in stature, size, and strength. He becomes the ideal heterosexual superhero. Steve comes from nothing, a small guy from Brooklyn, and becomes perfection. He gains superhuman power, speed and abilities, but still represents the honorable morals we are supposed to embody as a country.This is why he was chosen, and this is also why he is so powerful. Steve represents the handsome, courageous, powerful and self-sacrificing American hero that many grew up admiring. It can be argued that Captain America represents the American mindset that values, morals, courage, perseverance and intelligence are more valuable than pure strength. I believe this is the imbedded goal of the film. The writer does well to illustrate this message. Along with other recent superhero action movies the objective is to entertain an audience, and obviously to profit.The film could be improved in a hardly a(prenominal) ways but is definitely pretty entertaining. Inlaid with these purposes a message from the writers to the viewers can be seen. The creators try to encourage the viewer to look departed the physical driven society that we live in, and embrace our personal strengths. That becoming a hero is not exclusively based on strength and physicality, but our personality, intelligence, morals and values. For part of this telephone exchange idea to be conveyed emotion is employ. The writers use of pathos goes a long way to contribute to the central idea.For this to be successful, Steve had to be belittled and then empathized by the audience before he could become great. The author does well to show him as courageous, but helpless. In the opening scene he defends the honor of the armed forces in the movie theater. This gets him into a fight and a beating from a much larger man. He does not back down from the man but is overcome until his friend jumps in. Right after this Steve is shown in his scrawny form trying to enlist where the folder displays how many flaws he has. In boot camp he is again shown as subpar in stature and strength.It enables the viewers to relate to feeling insignificant and unworthy, or just ordinary. Once he is broken down it gives the chance for him to overcome everything. This aspect encourages the spectators that anyone can become a hero. Pathos is used to elaborate on the values that Captain America represents. He represents courage and sacrifice in the scene where he dives on top of the dead grenade to save the squad and also when he haphazardly invades to rescue the POW. The best example of this is the last scene of the movie where Steve flies the plane into the ice in order to save the city.He wanted more than anything to continue his relationship with Peggy but gives that up for a better chance at saving everyone. Everyone can relate to him when they say bye-bye over the radio. This makes the viewers relate to him and feel like they could be in the akin position. All of this emotional appeal also serves another purpose. It points to the particular the Steve is still human after the experiment. The creator made sure to maintain this human connection to compassion. His love affair with Peggy helps establish this throughout the movie.He never loses inter-group communication with his crush and his feeling of responsibility towards the rescue of his best friend is an example of this. T he human aspect keeps the audience relating to Captain America so they feel they efficacy be able to become a superhero based on their mental strengths. The writer maintains this human connection so the viewer does not feel change from the loving ideology. The cast of Captain America contributes to the credibility of the movie. With stars such as Tommy Lee Jones, Chris Evans and Samuel L.Jackson the film is viewed with more legitimacy. Another specific instance where ethos is used is the implication of Stark Industries from the Iron Man series. Tony Starks father is brought in to play a small role. This can be seen as reaffirming the social issue at hand. By presenting another superhero, (or reference to that of) that used his intelligence to develop superpowers rather than natural born strength, it supports this idea. Alluding to all the Marvel movies establishes more standing, which is a trend in many of these movies.The writers use of boy helps create a more believable atmosp here for this normally unbelievable horizontal surface. The story is set in World War II Nazi Germany. The viewer can find this recognizable and become more wrapped up in the story. They know the situation in Europe and begin to connect the dots. Anyone that knows a little about World War II can connect the fact that Hitler was probably the biggest supporter of technological advances during the war. All of the outlandish properties of the movie become a little more reasonable when related to Hitler in this time period.The logos help establish a familiar setting making the story subliminally more believable thus making the social message more believable. same(p) most superheroes Captain America is the epitome of the heterosexual stereotype after the experiment. The chamber opens to show his now chiseled body all oiled up. He resembles a competition bodybuilder on stage covered in Vaseline to show even more muscle tone. While the central idea posterior the movie was how physical st rength is not as important, the producers still portray him as a sexual figure.He stands for Americas hegemonic muscularity. Then broadly women become attracted to him and most men want to be him. Captain America is full of symbols that contribute to what he represents in this movie. The fact that his uniform is red, white, and blue makes him represent the good of the country. Steve embodies all the attributes that are seen as favorable among our society as he represents the country. The shield may be seen as different things, but I feel as if it represents Steves courage for one, and also his average joe appeal.A normal soldier might be able to have some of the same success equipped with and assault rifle and every resource made available by the army but Captain America doesnt need that. All he needs is himself, a pistol and a shield. Captain America serves as a message to people that anyone can be a hero and that the physical aspect is not as important as values and personality t raits. Superhero stories operate to empower and encourage the readers to better themselves and to do the best with what they are given. Rhetoric in this instance is used to convey these important messages. Superheroes act as a great role model and example for us all.

Mgt Group Case Study Report

Case Study Report Dunkin Donuts Betting Dollars on Donuts - Submitted By - aggroup Members - Acknowledgement Firstly, we thank almighty Allah for successful completion of the project. We argon re solelyy grateful to course instructor Professor Abdur Rab, Faculty of BBA Program, North S bug outh University for all kinds of informative information and valuable advice. We ar in any case very grateful to the group members who helped in preparing this project.Executive Summary Dunkin Donuts is a parentage in food retail. They be the innovations largest burnt umber and baked goods chain. Dunkin Donuts have been in business since 1950 and have been franchising since 1955. This franchise serves much than 2 million nodes a day. Dunkin Donuts sells52 varieties of donuts and more(prenominal) than a twelve coffee beverages as well as bagels, breakfast sandwiches and early(a) baked goods. It is important to look at consumer usage and future trends before entering into the market. Dun kin Donuts is break in of the snack frequent market.The snack shop market had almost 10 billion is sales foundationwide in 2003 alone. Snack shops have an advantage because they argon popular among all consumer groups. Dunkin Donuts has retained a consistent data house of clients, enchantment in addition gaining additional consumers through the progression of time and emergence of freshlyer markets. The report discusses task purlieu that Dunkin Donut operates in. It describes the competitive environment and its customer base. The society follows different competition strategies and has goals to achieve through them.We also discuss the external environment of the club which includes the socio-cultural environment and the global environment. The environmental effects of Dunkin Donuts is also discussed. We describe the degree of change and complexity and the effects of competitive rivalry. Lastly, we analyze the Porters Five Forces in terms of the industry Dunkin Donuts oper ates in. Table of Contents - Contents Page Number ) History 6 2) Dunkin Donuts, At-A-Glance 6 3) Mission Statement 7 4) Product 7 5) java Leadership 8 6) Strategic Growth 9 7) Culinary Excellence 10 8) Dunkin Donut (DD) SMART 11 9) Task Environment 13 10) Consumers 14 11) General Environment 14 12) Environmental Effects 15 13) Competitive Rivalry 16 HistoryDunkin Donuts was begun in 1050 by William Rosenberg with a single shop in Quincy, Massachusetts. In 1946, he founded Industrial Luncheon Services, a participation that delivered meals and snacks to workers in the Boston subject field. The success of Industrial Lucheon Services convinced Rosenberg to start the disperse Kettle, a doughnut shop in Quincy, Massachusetts. Two years later Open Kettle changed its name to Dunkin Donuts. He began franchising additional outlets in 1955, and by 1979 thither were a thousand Dunkin Donuts outlets in the Northeast. Through a series of transactions in the 1980s and 1990s, Dunkin Donu ts became the quick serve well restaurant operation of the British firm, allied Domecq PLC.In 2002, as Allied Domecq looked for growth opportunities, its Dunkin Donuts (DD) business was described as a sleeping giant as much for its fiercely loyal business organization as its $2. 8 billion in sales and more than 3,800 U. S outlets. Dunkin Donuts, At-A-Glance ? Dunkin Donuts is owned by Dunkin Brands Group, Inc. (NASDAQ DNKN), one of the globes leading franchisors of quick service restaurants. Dunkin Brands is the parent company of both Dunkin Donuts and Baskin-Robbins. ? Dunkin Brands Group, Inc. is headquartered in Canton, Massachusetts. ? At the end of 2011, Dunkin Brands Group, Inc. had franchisee-reported sales of approximately $8. billion. ? Dunkin Brands, the parent company of Dunkin Donuts and Baskin-Robbins is one of the largest QSR (Quick Service Restaurant) companies in the world with nearly 7,000 retail shops in nearly 60 countries worldwide. ? Dunkin Brands Group, Inc . has a nearly 100 percent franchised model. ? There are more than 10,000 Dunkin Donuts restaurants in 32 countries. Mission Statement Dunkin Donuts will get through to be the dominant retailer of high quality donuts, bakery products and beverages in each metropolitan market in which we choose to compete. Products Dunkin Donut serves the following items 1) Donuts 2) Fritters 3) Crullers 4) Biscuits ) Munchkins 6) Bagels 7) Muffins 8) Danish pastry 9) Cookies 10) Brownies 11) Bagel Twists 12) Breakfast sandwiches 13) Hash browns 14) Oven toasted items 15) coffee berry beverages 16) Bulk Coffee 17) Espresso, Cappuccino, and Lattes 18) Iced Coffee 19) Iced Lattes 20) Latte Lite Espresso 21) Turbo Coffee Leadership Dunkin Donuts coffee inheritance goes back more than 60 years something no other leading restaurant post can match. ? Dunkin Donuts sells more than 1. 5 billion cups of hot and iced coffee globally every year. ? According to the NPD Group / CREST, Dunkin Donuts serves the hottest traditional and iced coffee in America. In the highly competitive U. S. coffee market, Dunkin Donuts is distinguished for brewing a professional guest experience. For six years running, Dunkin Donuts has been recognized by the Brand Keys Customer Loyalty Engagement Index as quash one in customer loyalty in the coffee category. ? Dunkin Donuts coffee is freshly ground, freshly brewed and freshly served. If not used within 18 minutes, Dunkin Donuts coffee is discarded and a sassy carafe is freshly brewed. ? Like creating a fine wine, there are countless step involved in producing coffee, and Dunkin Donuts coffee experts travel around the bollock to ensure consistent quality at each turn.Dunkin Donuts uses 100 percent Arabica coffee beans and has its own coffee specifications, which are recognized by the industry as a superior grade of coffee. Based on Dunkin Donuts Quality (DDQ) specifications, coffee is milled and surgical operationed specifically for the company. ? Dunkin Donuts Dunkin Donuts is the 1 retailer of freshly-brewed iced coffee. Each Dunkin Donuts restaurant recapitulate brews the coffee before pouring it into cooling units to correct sure its iced coffee is always full of flavor and never watered down. ? Dunkin Donuts lattes and cappuccinos are authentic make with only Fair Trade advised coffee beans blended for espresso and fresh milk and available in regular or decaffeinated, hot or iced. The beans are ground and the milk is steamed for each individual serving.Dunkin Donuts was the first national brand to sell espresso beverages that are made exclusively with Fair Trade Certified coffee. ? Dunkin Donuts now offers Dunkin Donuts K-Cup portion packs, making ? Americas Favorite Coffee? available for use with the Keurig Single-Cup Brewing system. Sold exclusively at participating Dunkin Donuts restaurants in the United States, Dunkin K-Cup portion packs are offered in five popular flavors, including Original Blend, Dunkin Decaf , French Vanilla, Hazelnut and Dunkin Dark Roast. ? Dunkin Donuts coffee excellence team features two of the worlds foremost experts on coffee, Jim Cleaves and Ellen Rogers.Both are dedicated to take placeing the worlds best coffee and brewing the perfect cup. Jim is a licensed Q Grader, having passed the worlds most rigorous coffee evaluations skills testing program, while Ellen is an International Coffee Expert in coffee tasting and analysis and a Coffee Quality Institute Board Trustee. They each travel regularly throughout the world, tasting as umpteen as 600 cups of coffee each day in order to choose the highest quality coffee beans for Dunkin Donuts. Strategic Growth From the beginnings as a single restaurant in Quincy, Massachusetts, Dunkin Donuts is now a global brand with more than 10,000 locations in 32 countries.The growth is testimony to the fact that people everywhere appreciate what Dunkin Donuts offers high quality food and beverages served all day in a friendly, fas t environment at a great value. In the United States, Dunkin Donuts has maintained steady, strategic and disciplined growth, opening new restaurants in our warmness markets in the Northeast and in cities all throughout MidAtlantic, Southern and Midwestern states. We now have more than 7,000 restaurants in 36 states and the District of Columbia. From Boston to Buffalo, newly York to New Orleans, Philadelphia to Florida, Chicago to Charlotte, Dunkin Donuts is an important part of daily life for millions of Americans.And while Dunkin Donuts has nationwide brand recognition, we believe we have significant opportunity to expand our number of restaurants in the United States as well as around the world. We believe we can double our footprint in the U. S. to 15,000 Dunkin Donuts restaurants over the next 20 years. And its not just America running on Dunkin Dunkin Donuts has a strong presence internationally, with more than 3,000 Dunkin Donuts locations in 31 international countries acro ss four continents. The company maintains steady global expansion, opening new restaurants in Europe, Asia, the Middle East, and Latin and South America. Asia-Pacific is a particularly exciting area for growth.Dunkin Donuts has already opened more than 88 locations in Greater China since launching there in 2007, and has nearly 900 shops in South Korea. In 2010, the brand re-entered Russia with new restaurants in Moscow, and in 2011 we announced plans to open 500 Dunkin Donuts restaurants in India. In 2012, the first Dunkin Donuts restaurants were opened in India and Guatemala. Culinary Excellence Dunkin Donuts is committed to providing guests with the best-tasting, high-quality food and beverages. To meet that commitment, we assembled a culinary dream team of acclaimed chefs to create new and innovative menu choices to meet the evolving needs of Dunkin Donuts busy, on-the-go customers, raising expectations about what is possible in a quick service meal.As people find themselves busi er than ever, and are snacking more frequently throughout the day, Dunkin Donuts culinary team is meeting guests changing eating habits and expectations for fast, satisfying menu items that can be enjoyed any time of day. In addition to the brands famous coffees, lattes, donuts, bagels and muffins, Dunkin Donuts has delicious breakfast sandwiches available all day with several choices featuring breakfast favorites such as smoked cherry wood bacon, egg whites, freshly baked croissants and toasted English muffins. Dunkin Donuts has also introduced new oven-toasted bakery sandwiches, in several varieties including Texas wrinkle Grilled Cheese, Chicken Salad and Tuna Salad. Dunkin Donuts also continues to offer a full lineup of innovative snacks and beverages, including Bagel Twists, Coolatta slush drinks, hash browns, cookies and more.Dunkin Donuts culinary team also directed the introduction of the brands DDSMART line of better-for-you menu items. DDSMART includes many delicious f ood and beverages with fewer than 300 calories, such as Egg unclouded Flatbread Sandwiches and Wake-up Wraps, coffee and espresso beverages, teas and a Coolatta with skim milk. Dunkin Donuts team of skilled culinarians is led by Executive Chef and Vice President of Product Innovation Stan Frankenthaler. Frankenthaler is a three-time James whiskers Award nominee and author of The New York Times best-seller, The Occidental Tourist. Before joining Dunkin Brands, he was owner and chef of Salamander restaurant in Boston, named by Zagats as one of the citys Top Ten Restaurants. Dunkin Donuts culinary team also includes Executive Pastry Chef Christopher Boos, who represented the United States in the Coupe du Monde de la Patisserie (the World Pastry Cup), and Sous Chef Phillip Kafka, former commis chef at Harrods in London. Dunkin Donuts team also features two of the worlds foremost experts on coffee, Jim Cleaves and Ellen Rogers. Jim is a licensed Q Grader, having passed the worlds most rigorous coffee evaluations skills testing program, while Ellen is an International Coffee Expert in coffee tasting and analysis and a Coffee Quality Institute Board Trustee. Together, they are responsible for developing and introducing new coffee beverages and blends. Dunkin Donut (DD) SMARTEating smart when on the go can be hard. still the DDSMART menu from Dunkin Donuts makes it easy. The selection of better-for-you foods and beverages ensures our restaurants offer great-tasting choices that fit your lifestyle and meet your dietary wants and needs. Food and beverages with the DDSMART Logo are reduced in calories, fat, saturated fat, sugar or sodium by at least 25% compared to a base product or other appropriate reference product, and/or contain ingredients that are nutritionally beneficial. Corporate Promise Were committed to offering a wide selection of foods and beverages so you can enjoy whats right for you. victualsal Advisory BoardThe Dunkin Brands Nutrition Advisory Board , comprised of leading experts on nutrition, health and wellness, will assist Dunkin Brands management with research and perspective to aid in the development and reformulation of products that meet the evolving needs of customers while incorporating current nutritional science. DDSMART (0-5K) Making smart choices about what you eat is one way to stay on track. Another is keeping active. Run your first 5K or train for your next Task Environment Competitors Dunkin Donuts mainly competes with high end coffee providers like Starbucks. Starbucks is a major competitor of Dunkin Donuts which creates competition in the area of upscale coffee.However DD can still compete in the coffee industry with its candid drip coffees regular and decaf. Also, having its focus on donuts and other baked goods it also competes with the likes of Krispy Kreme. Competition Strategy In order to remain competitive in the industry Dunkin Donuts follows a competition strategy. This is what we depicted * Expandi ng Outlets- It is a goal of DD to be as outreaching as possible to its customers. Therefore it does so by expanding its number of outlets throughout America and beyond its borders as well. Dunkin Donuts has its densest cluster in the Northeastern region of the plain and is now having a growing presence in the rest of the country.Moreover it is also creating a brand pic in other countries though opening outlets there. display case countries are Canada, Brazil, Qatar, South Korea, Pakistan and the Philippines. As a part of its strategy the company plans to expand aggressively. It has a goal of expanding to 15000 outlets by the year 2020. This goal is further accomplishable as the company has a franchise system this makes the acquisition of capital and operator smoother. It is noteworthy however that the company wants to limit its expansion to not macrocosm too omnipresent. It is also partnering with large supermarkets to achieve widespread market prominence. This is done to crea te a store-witihin a store concept.The supermarket has to be large enough to renounce DD full expression of its brand. This is important for enhancing overall performance of the strategic allies. * Expanding Products- Dunkin Donuts also sees an opportunity of grabbing a new base of customers. The company recognizes the new generation and is difficult to come up with products that appeal to their taste. As a result of such, the company has expanded its range of products to several types of hot and cold beverages, baked goods and confectionery items other than donuts and the new breakfast to go menu. Along with that, Dunkin Donut maintains its simple and straight-forward morning snacks. This gives it a competitive edge of distinction against its competitiors.This may enable Dunkin Donuts to persist in the competitive industry with newer dimensions. Consumers The type of customers Dunkin Donuts has also affects its operation nature. Based on its competition strategy it has the follow ing goals to achieve * The main goal of expanding outlets Dunkin Donuts wants to have great outreach to its customer through the expansion of more outlets in different parts of the country. The company aims that in future its customers do not have to go distant to pick up a box of doughnuts. Moreover, it wants to boost up its brand image to its customers and the best way to do it is to make the brand name more apparent in more regions. Goal of expanding products Dunkin Donuts also tries to cater to the needs of the new generation and its taste appeals. It does so by creating the new range of products, that is to say the breakfast-to-go menu. General Environment International/Global environment The brand Dunkin Donuts does not have the chain in America only, but also managed to curve out international niches. It is not only expected markets such as Canada and Brazil but also in some unexpected areas like Qatar, South Korea, Pakistan, Philippines. This has various implications for Dunkin Donuts. For instance diversifying risk, entry into newer markets, larger customer base and so on.Socio-Culture Due to the change in people living style, Dunkin tried to help people find their product in the reach of the customer. Dunkin Donuts also caters to the change in demographic characters through their new range of products. Therefore socio-cultural norms and consumer tastes affect its the products made by Dunkin donuts. Environmental Effects Degree of Change and Complexity * Degree of Change-This is the extent to which the environment is relatively stable or dynamic. Dunkin Donuts has a relatively stable environment. It has a consistent base of consumers. It serves the masses with coffee-the most popular beverage globally. Moreover it has a limited product line. That is, it produces a relatively small number of products.However, the company is likely to be in a dynamic environment as well. As a result of carrying out its plan of expansion, Dunkin Donut has underta ken the production of more food items and diversifying its area of production. This introduces dynamic changes to its operation style. Moreover, the company is also aggressively expanding its outlets-which recollect that it is ex flowing its capacity of production significantly. * Degree of Homogeneity-It the extent to which the environment is relatively simple or relatively complex. It considers the number of elements in the environment and segmentation. Dunkin Donuts operates in a relatively simple environment.It has a consistent base of competitors, and a consistent base of customers. It also has a stable network of suppliers. Hence the number of elements in its task environment is fairly constant and few. It could be argued otherwise that the company operates in a fairly complex environment. With its expansion into different states in America, Dunkin Donuts has to operate with a larger base of operators. Other than that, entering international markets also mean that the company has to compete with foreign forces and face foreign governments. Overall, given the industry that Dunkin Donuts operates in it is likely to face a low level of uncertainty.This is because it operates in a stable and simple environment. On the contrary, given the probable impact of its expansion plan it faces a moderate level of uncertainty if consumers do not impair in the companys newer items Dunkin Donuts is likely to have a diluted brand image. Risk in Expansion Strategy Franchising Dunkin Donut has devised many strategies to make more turnover out of the business running on a daily basis. One method to expand into diverse business environment is to franchise, something that is easy since Dunkin Donut is already a franchise system making access to operators and capital easier. Franchising more means expanding to a more diverse business environment.This brings in the factor of complexity which increases its degree of homogeneity such as in terms of globalization. Globalization is one factor that has to be considered since it is a prerequisite to diversify the organization into the attainable business environment. Also executives tend to focus too much on franchising new stores. However money invested on establishing these new franchises could have been otherwise invested into their current stores. Moreover the older store, being set up on a particular geographical area will tend to have a broader experience handling the economic and socio-cultural environment of the area it has been set up on.So resources, time and energy input on the older stores renovating, expanding and restocking would make it a more formidable asset to Dunkin Donuts as opposed to establishing a whole new franchise itself which is essentially playing a key place in expansion. Wider range of food variety Expansion would also require that Dunkin Donuts change its food menu, a factor of Dynamic, implicating a degree of change. Dunkin Donuts has maintained its image of simplicity in the products it offers-drip coffee and donuts Unlike many other companies, Dunkin Donuts have stayed on its ground in maintaining their simplicity in the food it offers and on the process has earned customer loyalty of diverse groups.Thus a degree of change imposes a risk of diluted brand appeal since Dunkin Donuts will face a risk of losing its customer who values the authenticity and simplicity of Dunkin Donuts. There is also a probable occurrence of loss of respect among its original consumer groups, resulting in level sales and turnover. In short, expansion leads to uncertainty, which in turn might lead to a diluted image of Dunkin Donuts Competitive Rivalry Due to the increase of competition, Dunkin Donuts is increase their number of outlets in various locations. Moreover, they are also increasing their item in the food menu in order attract all sorts of customer and to compete effectively with its competitors . THANK YOU

Project on Gulistan Textile Mills

ACKNOWLEDGMENT All the appreciation and gratitude is for the Almighty Allah who is the about merciful and beneficial. He is the only unmatchable who bestowed us chouseledge and wisdom and made us capable of doing the ch allenging tasks. We thank the Almighty for all those capabilities that He granted us to complete this project. second we be in truth thankful to our t individuallyer Prof. Aitzaz Khursid who worked day and night with us for this project. He jocked us at each and e rattling(prenominal) step and guided us in every difficult situation. We atomic digit 18 thankful to the other teachers as well whose support and guidance was an as unbending for the completion of this project.We would analogous to thank our p arnts and family members as well because they provided us the financial and moral support in doing this project. And last of all whatever we assimilate done, it is just because of the coordination and coope symmetryn of all the group members. They worked har d researched by different sources. Table Of Contents Industry Profile.. . .. 4 Comp each Profile. .. 6 Vision Statement. . 8 perpet proportionalityn Statement. .. 9 PEST Analysis . .. . . . 11 * Political Forces * stintingal Forces * mixer Forces * Technological Forces Porters Model 13 Opportwholeies & Threats. . . 15 EFE Matrix. . .. 17 unfavourable Success Factor.. . . 18 Competitive Profile Matrix.. . .. 19 St valuategic Internal Audit Of Departments.. 21 * Marketing * Finance * Accounting * MIS * HR Organizations Strengths & faint-heartednesses.. . 7 IFE MATRIX 38 SWOT Matrix 39 Long Term Non-Financial Objectives40 Long Term Financial Objectives41 Findings41 * EFE * CPM * IFE SPACE Matrix. 43 BCG Matrix.. 46 IE Matrix.. 48 Grand Strategy Matrix. .. 50 QSPM52 certainty. 56 Learning57INDUSTRY PROFILE The material and coif industriousness is often considered the backbone of the Islamic Republic of Pakistans economy. In that south Asian republic which partakes borders w ith China to the north, India to the east, and Iran and Afghanistan to the west, as well as the Arabian Sea to the southwest cotton persona textiles and apparel historically were the focus of the assiduity, mainly because of the large amount of cotton grown in the country. In fact, Pakistan currently ranks fourth among adult male cotton vexrs and third among world cotton consumers having produced 9. million 480-pound bales and consumed 11. 8 million 480-pound bales in the 2010/2011 trafficing season. Pakistani textile manufacturers recently have diversified their carrefour offerings to include man-made readings, models and apparel as the result of shifts in world-wide demand for cotton-blend apparel. other(a) recent economic factors, such as the end of textile quotas in 2005, have caused Pakistans textile diligence to continue to adapt in an driving to remain globally competitive. The republics textile and apparel industry in 2011 consisted f ginning, spinning, man-ma de fiber, weaving, finishing, apparel, terry towel, tarpaulin and canvas, and knitwear machinery sectors. The textile and apparel industry as a whole employed some 40 percent of original industrial workers and accounted for 46 percent of total manufacturing. There were 1,221 ginning units, featuring an installed capacity of 20 million bales of cotton. The spinning sector comprised 408 spinning units, with an installed capacity of 157,143 rotors and 50 composite units, with an installed capacity of 10. 1 million spindles.The countrys 10 man-made fiber units had an installed capacity of 660,000 tons. The Pakistani organizations Board of Investment reported 124 large and 425 small weaving units, with a total deed capacity of 4. 4 billion square meters of fabric. With regard to finished textile fairs, the countrys 5,000 apparel units featured an installed capacity of 450,000 sewing machines, show organizers reported. The installed capacity for Pakistani knitwear manufacturers numbe red 12,000 machines. tarp and canvas production capacity totaled deoxycytidine monophosphate million square meters, while installed capacity of terry towels totaled 7,500 looms.While the Pakistani manufacturing sector as a whole in 2011 accounted for approximately 25 percent of the countrys estimated gross domestic product (GDP) of US$395. 2 billion on a purchasing- office staff-parity basis, the textile industrys diverse product offerings accounted for 11 percent of the countrys GDP, as reported in the aforementioned IGATEX Pakistan report. In addition, approximately 60 to 70 percent of total exports came from the production of cotton textiles and apparel, which are considered Pakistans largest industries.The Business Recorder, a Karachi-based financial in the rawspaper, reported in June 2011 that the textile industrys value addition accounted for more than 9 percent of the GDP, and that the industry had a grocery store share of approximately 30 percent in world yarn trade and 8 percent in cotton cloth. With the recent decline in textile exports and a point-setting trade deficit that reached more than $2. 1 billion in the first two months of 2012, Pakistans textile industry currently is confronting modern economic challenges.Including the spinning, weaving, value-added apparel and made-up and home textile sectors had begun to downsize its workforce. A hike in semen to rates in July 2011 by the countrys central bank led to increases in export refinancing, long-term commercial and industrial credit, and, ultimately, rising production addresss. Furthermore, exporters are facing steep price contestation from manufacturers in China, India and Bangladesh. COMPANY PROFILE Gulistan Group of Companies began with the establishment of Gulistan Textile move in 1966.Gulistan Group of Companies since then the group has expanded substantially to pay off one of the largest textile groups in Pakistan with over 6000 employees Gulistan Group of Companies main focus of this cautiously designed expansion has been to add stability to phone line obligations and win customer combine in product quality, reliability and competence. This approach towards progress and increment is conspicuous in Gulistan Groups enormous success in all of its clamshertakings to date. Gulistan Group of Companies an annual turnover of US$140 million. Gulistan Group of Companies all units are listed company.Gulistan Group of Companies foreman offices are in Lahore Karachi. Gulistan Group of Companies has * 11 spinning mills producing 60,000 tons of yarn per annum. * 2 woven fabric mills producing 16. 5 million meters of fabric per annum. * 4 Power generation plants producing 21 megawatts of electricity. * Gulistan Group of Companies are manufacturing (Yarn, Fabrics, Apparel, Cotton Clothes, * Towels, Bed wear, knitwear, Raw Cotton, etc) Yarn Gulistans 9 spinning mills with 215,000 spindles and 4,200 rotors produce 70,000 tons per grade of cotton blended yarns from 4/1 to 120/1 as well as up to 10-plied yarns.This is complemented by a yarn dyeing plant with a capacity of 3,000 tons per division of a wide physical body of melange and dyed yarns. Gulistan Group has one of the largest and most several(a) spinning setup in Pakistan. Fabrics The state of art weaving unit with its 255 air jet and projectile looms have a capacity of weaving 36 million linear meters of high(prenominal)school quality greige fabric in widths ranging from 40 inches to 144 inches and thread counts as high as 600 in single, Apparel Gulistan has set up a 500 stitching machines woven apparel unit ensuring aesthetics, elegance and fineness.Gulistan is producing 8000 trousers per day done its latest state of the art mechanical setup, production planning systems and design mechanism. Home Textile Home Textile products are the latest addition to the groups product range. A manual deception preparation is being setup and exports have already begun of top quality yarn dy ed sheet sets into the United States. Vision Statement * To become a complete and integrated textile conglomerate. * To become an institution that delivers extra value through superior product quality and professionally principled management. To stay informed of technological advancements to meet the changing and challenging needs of our customers. All of us at Gulistan are committed to delivering more to our customers all over the globe. We seek growth through state of the art technological innovations and continuous modifyment in our trading operations. Analysis Basically Vision statement is the answer of the question that what do we want to become? And it is a really cardinal component of the organization. If the organization wants to formulate any strategy piddle resourcefulness is the key component subscribed for that.Lets break up the vision statement of Gulistan point by point. * Conglomerate means A group of diverse companies under common ownership and run as a sing le organization so its clear that they want to take over the whole textile industry under their own company. This sends a clear message to the competitors that they want to compete. This statement motivates the employees because they made it clear what they want to become. * The organization promises to deliver quality product and good management so this is their competitive wages because the quality and the management make the difference.This statement sends the clear message to the customers or the target market that quality and management is their core competence. * As we all know that this is the quantify of globalization. The customer demands and needs are more challenging than the previous fourth dimensions so technological advancements are inevitable for the organization. Its a good thing to include in vision statement because it shows the strength of the organization that they opened their door for technological advancements to fulfill their other vision components. The major function of the r purgeue generated by Gulistan is from their exports so they besides covered the global prospective by stating that they are committed to deliver more for their customers all over the globe. This likewise covers that they are targeting the customers not only from Pakistan scarce all over the globe. * As the core draw rein of vision that it should be broader so they stated in their vision that they will seek through state of the art technological innovation and continuous rectifyment in their operations.This shows the broader vision of the organization that they are not two-channel type and they everlastingly open their arms for improvements. This is a really a good vision statement which covers all aspects like Industry, customers, core competence, engagement, product and employees. Mission Statement lading towards excellence, to our customers, to society is the foundation that we have built upon from it we drive our strength. Gulistan has held the t raditional values of honesty, integrity and commitment in high esteem. The structure of each of our business units is designed to integrate experience with technological advancement.With the effort and expertise put in by the 10,000-members of Gulistan family, our state of the art units are producing world-class yarns, fabrics, made-ups, apparel and household products for our local anesthetic global customers. Our plans are geared towards expanding our global presence providing quality products and developing relationships while at the same time serving the society we live in. Analysis Mission statement essential have 9 base components lets see that how gulistan is fulfilling those 9 mission components and I alike highlighted them to a higher(prenominal) place. nodes Local and global customers. * Products Yarns, fabrics, made-ups, apparel and household products. * MarketsInter subject area & Global Markets * Technology To integrate experience with technological advancement. * Concern for survival, growth and proceedsExpansion of global presence. * Philosophy Traditional values of honesty, integrity and commitment in high esteem. * Self Concept Providing quality products and developing relationships. * Concern for public image Commitment towards excellence, to our customers, to society. Concern for employees The effort and expertise put in by the 10,000-members of Gulistan family. This is a really a good & comprehensive mission statement which covers nine basic components of mission statement like customers, products, markets, technology, concern for survival & growth, philosophy, self concept, concern for public image & concern for employees. PEST ANALYSIS Political * Rules and regulations by the establishment for the collection of taxes have come to on the organization. * Rules and regulations imposed by the government on merchandise and export effect the organization. Different types of export duties by government also effected organization to dis courage from export their product. * Day to day changing in political situation in Pakistan had a bad impact on organization. * Organizations are discouraged to expand their business referable to changes in political situation. Economic * Economic condition of our country is very bad so it has a great impact on industrial sector. * Due to bad economic condition industries are suffering from dispirited clams. * Due to inflation profit of industries is diminution because it impact on industries to increase in prices of products. Bad economic condition results in to reducing number of industries in a country and to unemployment. Social * Unemployment is increasing day by day over payable to electricity shut downs in our country. * Attitude of the people on work is not improving delinquent to low salaries are given up to them in response to their work. Technological * Volatile technologies are launched day by day which has a great impact on organizations to serve in market. * Fas t internet browsing eliminates gap between importers and exporters. * Modern customized software reduces human effort and it tends to save time and coin of owner. ad agencies make it clear to access their customers at home at any time on national and multinational level. * Innovation in technology increases efficacy of organizations to compete in the market and to increase productivity. Conclusion Technology has a great impact on the industry. Due to technology, they face natural challenges, which check their abilities and improve operation. Gulistan adapts latest ways of technology & is successfully doing their business. PORTERS MODEL 1. Threats of new entrants The affright of new entrants in the retail industry keeping in view the brands that we have chosen is low.As the scope of the textile business, Gulistan is providing a vast year of products under one roof. The new entrants face several barriers which primarily includes the high exists involved in starting this busi ness. Secondly the product offered by them is highly differentiated product which also discourages new entrants. With such established brands it becomes very difficult for the new entrants to make a coif in the market or capture market share. Thirdly the cost involved in having an grievous bodily harm distri stillion is very high which also serves as a barrier to entry. 2. Threats of substitutesWe are analyzing the threat of substitute can be classified into the hobby category of * Local Market * International Market The threat of substitute is medium to low in local market. People might switch brands if they think due to any reason the brand is not providing satisfaction. But on the other render people who are brand loyal would not think of any substitute. But in the outside(a) market the threat of substitutes is pretty high because other industries competition. 3. Rivalry among live tight The rivalry among the textile industry is high, both(prenominal) in the local market and for the international market.In case of the local market the number of competitors is very large and all moves are competitive. Majority of them are even located in the same areas are challenging each others positions, taking gross sales from each other. The international market is also on the competitive moves. Launch of new product by any brand impacts the other brands like the recent launch of Gulistan impacted the sales of other exports international brands too. 4. Bargaining power of suppliers The negotiate power of suppliers is high in retail industry as the suppliers can supply to any degraded they want.In international local market some industries have multiple suppliers and at that placefore have great impact on the sales of the business. The products at these stores are differentiated and therefore the duty outcome costs involved are very high. Alongside the substitutes in case of suppliers is also not viable as brand equity is also very important. 5. Bargai ning power of buyers The bargaining power of buyers is high in the international market but in case of local markets it is low. The reason for the high bargaining power in local market is * Plentiful alternate suppliers Product not differentiated * Access to substitutable products * Plentiful options for consumers. On the other hand in case of the international market the bargaining power of buyers is low because * Less alternatives * Differentiated product * Changing supplier costs high to the vendor Conclusion As we discussed above the textile industry is very vast in Pakistan the competition in local markets is high because there are umteen textile companies working here. People have plenty of choices to select between different brands. So companies are competing neck to neck for customer satisfaction.Quality is the most important to maintain competitive edge over other brands. Globally the competition is also tough because textiles are included in the major exports of Pakistan . Quality and variety both are important in international markets. Gulistan is producing variety of products with supreme quality so they should improve and sustain it to remain in competition. Opportunities Threats Opportunities Pest compend * Fast internet browsing eliminates gap between importers and exporters. * Modern customized software reduces human effort and it tends to save time and money of owner. Advertising agencies make it easy to access their customers at home at any time on national and international level. * Innovation in technology increases efficiency of organizations to compete in the market and to increase productivity. Porters model * Threat of new entrants is low. * Threat of substitute is low in local market. * Low bargaining power in local market. Threats Pest analysis * Rules and regulations by the government for the collection of taxes have impact on the organization. * Rules and regulations imposed by the government on import and export effect the organ ization. Different types of export duties by government also effected organization to discourage from export their product. * Day to day changing in political situation in Pakistan had a bad impact on organization. * Organizations are discouraged to expand their business due to changes in political situation. * Economic condition of our country is very bad so it has a great impact on industrial sector. * Due to bad economic condition industries are suffering from low profit. * Due to inflation profit of industries is reducing because it impact on industries to increase in prices of products. Bad economic condition results in to reducing number of industries in a country and to unemployment. * Unemployment is increasing day by day due to electricity shut downs in our country. * Attitude of the people on work is not improving due to low salaries are given to them in response to their work. * Volatile technologies are launched day by day which has a great impact on organizations to ser ve in market. Porters model * Threat of substitute is high in international market. * Rivalry among existing firms. * Bargaining power of suppliers is high. * steep bargaining power of buyers in international market.EFE MATRIX KEY EXTERNAL FACTORS Weight Rating Weighted Score OPPORTUNITIES WTO authorities implementation. 0. 12 4 0. 48 terms reduction by using modern and technology 0. 13 3 0. 39 Local market using 0. 10 1 0. 10 Entering in Energy sector. (Subject to disposal permission) 0. 11 2 0. 22 THREATS exportation of raw cotton and yarn 0. 12 4 0. 48 WTO regime implementation 0. 10 4 0. 40 Exchange rate fluctuations 0. 09 2 0. 18 Instable political and economical conditions 0. 12 4 0. 48 Government policies 0. 11 1 0. 11 TOTAL 1. 00 2. 84 adaptationsEFE score of 2. 84 indicating that the Gulistan is taking the external opportunities and avoiding external threats quite well, however there is room for improvement is well. This score suggest Gulistan to be aggressive but t he degree of aggressiveness needs to be little moderate, it should not go for diversification, alternatively it should go for penetration in the existing market, further developing local or orthogonal market or it may design a new product. Critical Success Factors Critical Success Factors are * Product design * Technological up-gradation * Research growing * Market Segmentation Distribution furtherance * susceptibility utilization * application in product quality * Efficient procurement of raw material * Effective management * Trained manpower * Cost competitiveness * Customer satisfaction loyalty Competitive Profile Matrix CRITICAL SUCCESS FACTORS Gulistan Textile mill around LTD. CRESCENT TEXTILE MILLS CHENAB TEXTILE MILLS WEIGHT Rating Weighted Score Rating Weighted Score Rating Weighted Score Product design 0. 07 4 0. 28 3 0. 21 3 0. 21 Technological up-gradation 0. 11 3 0. 33 4 0. 44 3 0. 33 Research development 0. 0 4 0. 40 3 0. 30 2 0. 20 Market Segmentation 0. 07 2 0. 14 2 0. 14 4 0. 28 Distribution promotion 0. 07 3 0. 21 3 0. 21 2 0. 14 capacitor utilization 0. 08 3 0. 24 3 0. 24 2 0. 16 Persistence in product quality 0. 09 4 0. 36 3 0. 27 4 0. 36 Efficient procurement of raw material 0. 09 3 0. 27 3 0. 27 3 0. 27 Effective management 0. 08 3 0. 24 4 0. 32 2 0. 16 Trained manpower 0. 07 4 0. 28 3 0. 21 3 0. 21 Cost competitiveness 0. 10 2 0. 20 2 0. 20 1 0. 10 Customer satisfaction loyalty 0. 7 3 0. 21 3 0. 21 2 0. 14 TOTAL 1. 00 3. 16 2. 98 2. 56 INTERPRETATIONS A Gulistan mill about limited is dominating in the industry as equationd to local players. There are several competitors like Agzard 9, Kohinoor textile mills, etc, but above taken competitors are the major ones. CPM scores for Gulistan showing aggressiveness as compared to the crescent and Chenab textile mills. Gulistan is number one company within the local environs it is basically leaders the industry in the following aspects * Product design. * Research devel opment. Persistence in product quality. * Trained Manpower. Moreover, crescent textile mills is resides at the second number and leading industry in effective management style. Finally Chenab textile comes at number 3rd with leading position in persistence in quality and market segmentation. Strategic inwrought audit of the company of the following departments * Marketing * Finance * Accounting * MIS * HR MARKETING DEPARTEMENT Sales Marketing department at the Gulistan Textile Mills Ltd. is involved in following three types of sales. * Exports * Local Sales * Wastage SalesFor these three types of sales the Gulistan Textile Mills Ltd have following two Sale Marketing offices. * Lahore Office * Faisalabad Office Exports The Gulistan Textile Mills Ltd exports all his goods through the agents in the different countries across the world. The direct sales to the unconnected customers are very low. Gulistan Textile Mills Ltd. Export Agents Customers Export Agents Following are the ma jor export agents of the Gulistan Textile Mills Ltd. * KSEO SEOUL KOREA * ATEX multinational * TAIZEUS LAILA ISLAM * SENCO INTERNATIONAL * ESTERN KOREA * R. D JAEWARDANE INDIA * MITSUI CO INDIA * FIBER SMITH INTERNATIONALExport Customers Following are the customers of the Gulistan Textile Mills Ltd across the world. * COTTONNIERE DU, SENIGAL * CHINA TEXMAT CHINA * HAESONG BANGLADESH * EL HARAMEEN CO. EGYPT * ZHEJIANG IMPORT CHINA * KANDYGS HANDLOO SRILANKA * quartz MARTIN UK * RESTEX COMPANY USA * OASIS NJRT GENE TURKY Internal Audit Check List * Target markets are effective. They are relying mainly on exports so market is divided into one small portion of local sales and other major portion of exports. * Currently their exports portion is doing great among all other competitors like nishat mills is behind in the exports section. Firm market share is stable locally but in exports they already acquired major international markets. * As they have sales and exports agents on 2. 5 % commission which are doing well for them * Customers are pretty much satisfied with the product quality because they never compromised on product quality. * Gulistan is maintaining good quality with reasonable price which is the key factor for their huge sales * They are less focused on their advertisement because they have sales agents. They have invested in print media for advertisement. * They have trained carriages and with minimum 10 years of experience in their related fields.ACCOUNTS DEPARTEMENT The financial nurture of a business is communicated through this department. As we know that Accounting is an art of interpreting, measuring and communicating the result of economic activities this department is concerned with the preparation of financial statements preparing computes for business and allocating budget to different units according to their requirement. For daily expenses or for purchasing of goods or machinery for business. Accounts department prepares financial st atements on quarterly, half yearly and per annum basis.On the basis of these statements management takes necessary decisions for business. Stakeholders can also get information about the financial position of the organization. Accounts manager handle whole department different accountant and assistants work under account manager. Units send all documents on daily basis to head office and on basis of these accountants prepare financial statements for purchases, payments, expenses, receipts and others. Functions of Accounts * Maintain record of additions of business * Recording transactions in books of accounts * Preparing financial statement Preparing ledger, journal and vouchers * To pay salaries, wages and different types of expenses to mills * Prepares financial statements on quarterly. Semi annually and annually basis FINANCE DEPARTMENT Finance department is concerned with the financial activities of the organization. Finance manage is responsible for the acquisition of finance for running operations of business smoothly. Finance manager prepares cash flow statements to estimate the financial needs in the business and to check whether the expenses are incurring according to the requirement of business.Finance is life blood of a business so it is very important department which handles financial activities of an organization. Accounts manager provides bank statements to finance manager and finance manager review those statements and then take decision which unit need to be finance and they are responsible for planning finance from where to acquire and where to invest. All the departments in organization depend on finance without finance department organization is unable to run smoothly. Functions of Finance Department * Planning Funds * Procurement of specie * Finding sources of funds Forecasting of financial for future * Effective utilization of funds * Negotiating with creditors * Allocation of funds to different units * Provide funds as they require All ocation of budget to units Allocation of expenses to units Make decisions of payrolls Proper review of expenses of units RATIO ANALYSIS For the analysis of the financial statements of the GULISTAN GROUP OF COMPANIES we use the ratio analysis in order to get a clear vision about the financial position with simple interpretation. For this purpose we can analyze the financial statements through the followings ratios 1. liquidity Ratios 2. activeness Ratios 3. Debt Ratios 4. Profitability Ratios 5. Marketability Rations/Efficiency Liquidity Ratios The liquidity of a business firm is measured by its ability to satisfy its short-term obligations as they come due. Liquidity refers to the solvency of the firms overall financial position the ease with which it can pay its bills. Basic measures of liquidity are * Current ratio * Quick ratio By putting the values taken from the annual report of GULISTAN GROUP OF COMPANIES in the formulas of above ratios the results are shown in the following table.Current Ratio = current plus / current liabilities Quick Ratio = current asset inventory / current liabilities Ratios 2011 2010 2009 Current Ratio 5657592015 /5872231037= . 96 4222471024 / 4221143753= 1. 00 3,170,385,835 /3,125,424,959=1. 01 Quick Ratio 5657592015-4098001926 /5872231037=. 27 4222471024-2872063135 / 42211437531=. 32 3,170,385,835-1891974316 /3,125,424,959=. 41 Current Ratio A current ratio of 2. 0 is occasionally cited as acceptable, but a values acceptability depends on the industry in which the firm operates. A current ratio of 1. would be considered acceptable for a utility but might be unacceptable for a manufacturing firm. The ratio in 2011 is below 1. 0 so it is not acceptable. Quick Ratio The quick ratio is similar to the current ratio except that it excludes inventory, which is superior generally the to the lowest degree liquid current asset. Quick ratio is an extended version of current ratio in which only very quick assets (which can be apace liq uidated) are considered. Quick ratio in 2011 is also low that shows excess of inventory in var.. Activity Ratios Activity ratios are used to measure the revivify with which various accounts are converted into sales or cash.With regard to current accounts, measures of liquidity are generally inadequate Basic measures of activity are * memorial turnover * impart asset turnover * mean(a) collection period * average payment period. Inventory turnover = CGS / Inventory Avg. collection period = A/R / Avg. sale per day Avg. payment period = A/p / Avg. purchase per day plus turnover = sale / total asset Ratios 2011 2010 2009 Inventory Turnover 4197948535/4098001926= 1. 02 Times 4442886796/2872063135=1. 55 Times 1983953867/1891974316=1. 05 Times Avg. collection period 1202179249/14370761. 5=83. 65 Days 992689190/14190684. 10=69. 95 Days 896133503/11757625=76. 22 Days Avg. payment period 507009956/11435996=44. 33 Days 428978782/11833817= 36. 25 Days 250638087/11932214=21 Days Asset turn over 5245328111/9277085948=. 57 5179599697/7821978153=. 56 4291532961/6639205671=. 65 indication of the Results Inventory Turnover Inventory turnover commonly measure the activity, or liquidity, of a firms inventory. Inventory turnover of the company is 1. 02 times in the year 2011 and it has change magnitude from the last year figure of 1. 55 times. Though here is a decrease in inventory turnover in 2011 but it is best in 2010 as compared to 2011 and 2009. Total Assets Turnover Total assets turnover indicates the efficiency with which the firm uses all its assets to generate sales. Generally, the higher(prenominal) a firms total asset turnover, the more efficiently its assets have been used. This measure is probably of greatest amour to management, because it indicates whether the firms operations have been financially efficient. Asset turnover in 2009 is high that shows efficient use of assets but it decreased in 2010 and have minor increase in 2011 which is not enough.Thus it shows inefficiency of the management of the firm to use assets to generate revenues. Average Collection Period Average collection period indicates that how galore(postnominal) days are required to collect amount from the trade debts. The earlier the cash is received from the debtors the better will be for the company. Average collection period of the company has decreased in 2010 as compared to 2009 but it has a great increase in 2011 This shows inefficiency in the collection of Accounts receivable Average Payment PeriodAverage payment period indicates that after how many days the payment to creditors is made. This time period should be maximum one. But Avg. Collection period for GTM shows gradually an increase in these years that shows efficiency of management to best utilize of resources. Debt Ratios The debt position of a firm indicates the amount of other peoples money being used in attempting to generate profits. In general, the financial analyst is most concerned with long-te rm benefits, because these commit the firm to paying interest over the long run as well as eventually repaying the principally borrowed.Because the creditors claims must be satisfied before, the distribution of earnings to share holders. Basic measures of debt are * Debt ratio * Time interest earned ratio Debt Ratio = Total Liabilities / Total Assets Time Interest Earned Ratio = EBIT / Interest Ratios 2011 2010 2009 Debt Ratio =6031027175/9277085948=65% 4366370736/7821978153=56% 3220598874/6639205671=49% Time Interest Earned Ratio 860296219/832459296=1. 03 660050601/535671023=1. 23 459782158/401355131=1. 4 Interpretation of the Results Debt Ratio The debt ratio measures the proportion of total assets financed by the firms creditors. The higher this ratio, the greater the amount of other peoples money being used in an attempt to generate profits. GTMs debt ratio has increased from year to year. This shows that the company has increased its dependence on the outsiders sources of fi nances. This ratio is high than the acceptable limit of 60%. This shows that there is a significant increase in the debts of the company. Interest Coverage RatioInterest coverage ration tells that how many times the firm is able to pay its financial charges out of its profit . A high ratio is desirable. This ratio for the company is 1. 03 times in the year 2011 and has decreased from 1. 23 times in the year 2010. This shows good sign for the company. But in 2010 it is increased so it is bad sign for company but it seems to be controlled by management in 2011. Profitability Ratios There are many measures of profitability. Each related the return of the firm to its sales, assets, equity, or share value.As a group, these measures allow the analyst to evaluate the firms earnings with consider to a given level of sales a certain level of assets, the owners investment, or share value. Without profit, a firm could not attract outside capital. Basic measures of profitability are * Gross pr ofit circumference * Ope paygrade profit margin * Net profit margin * Return on total assets * Earnings per share GP Margin = GP / Sale OP Margin = OP / Sale NP Margin = NP / Sale EPS = earnings available for common stock / number of common stock big(p) ROA = earnings available for common stock / Total AssetsROE = earnings available for common stock / Common stock equity Ratios 2011 2010 2009 GP Margin 1047379576/5245328111=20% 736712900/5179599697=14% 569887350/4291532961=13% OP Margin 885608679/5245328111=17% 587536742/5179599697=11% 431199214/4291532961=10% NP Margin 1582297/52453281118=3% 52791520/5179599697=1% 50720861/4291532961=1. 18% EPS 1582297/17258090=. 09 = 52791520/16054038=3. 06 50720861/14594580=3. 48 ROA 1582297/9277085948=. 017% 52791520/7821978153=. 7% 50720861/6639205671=. 76% ROE 1582297/172580900=. 92% 52791520/16054038=3. 29% 50720861/14594580=3. 48% Interpretation of the Results Gross Profit Margin The gross profit margin measures the percentage of each sal es clam remaining after the firm has paid for its goods. The higher the gross profit margin, the better and the lower the relative cost of merchandise sold. Gross profit margin of the company has increased in the year 2011 as compared to last year this increase is due to decreased cost of goods sold. Operating Profit MarginThe operating profit margin measures the percentage of each sales dollar remaining after all costs and expenses other than interest and taxes are deducted. It represents the pure profits earned on each sales dollar. A high operating profit margin is preferred. Operating profit margin of the company has increased to 2011 as compared to the year 2010 2009 gradually. This has increased due to decreased selling and administrative expenses. Net Profit Margin The net profit margin measures the percentage of each sales dollar remaining after all costs and expenses, including interest and taxes, have been deducted.The higher the firms net profit margin will be better. T he net profit margin is commonly cited measure of the firms success with respect to earnings. Net profit margin of the company has increased to in the year 2011 against 2009 in the year 2010. Return On blondness Return on shareholders investment (ROI) measures the overall effectiveness of management in generating profits with its available assets. The higher the firms return on investment, the better. For the year 2011 it is . 92%, which is very low than that of 2010 3. 29% and 3. 8 in 2009 which is better from all of these current year. So it is a negative sign for the company. Return On Total Assets Return on Total asset of the company has decreased in the year 2011 from in the year 2010 2009 it shows inefficiency of the company management to generate profit on the total assets. There is no best utilization of assets. Earnings per address The firms earnings per share (EPS) are generally of interest to present or prospective stockholders and management. The earnings per share r epresent the number of dollars earned on behalf of each outstanding share of common stock.They are near watched by the investing public and considered am important indicator of corporate success. Earnings per share of the company is decreased to . 03 per share in the year 2011 against 3. 06 in 2010 and 3. 48 in 2009 per share. It is due to decreased in profit level. So company adopts different steps to increase profit. Marketability Ratios Equity investor is more interested in the dividends of the company. It is also concerned about the profitability positing of the firm. For the purpose of equity investor we calculated the following ratios * PER = Market rice per share / EPS * Book Value of Share = total common equity / number of common stock outstanding * Market Value of Share = market price per share of common stock outstanding / Book Value Ratios 2011 2010 2009 PER 75 / . 09=833 75 / 3. 06 = 24. 50 75/(1. 63)=-46 Book Value 172580900/4771715=36. 17 160540380/ 4771715 = 33. 64 145945800/14594580=10 Market Ratio 75 / 10= 7. 5 75 / 10 = 7. 5 75/10=7. 5 Interpretation of the Results Price Earnings RatioPrice earnings ratio for GTM is increased in 2011 and in 2010 there is decrease in price earnings ratio of GTM so shareholder perceives it less risky to invest in GTM. Book Value Per Share Book value per share is good one if it is below the market price of its shares. Book value per share of the company is 10 per share, which shows investors confidence on the firms ability to generate profits Market Ratio Market ratio for GTM is same from 2011 and in 2010, 2009 so there is consistence in price earnings ratio of GTM so it is due to no change in book value per share. MIS DEPARTMENTThe MIS department is really strong in Gulistan. Company is equipped with AS400 Software which interconnects all departments. It collects the data from each server in every department and brings it to one server. If the manager needs any information he or she can obtain that data by just one click. This software can also generate reports regarding different accounts which eventually help management to take decisions. Strong and quick management information system is key competitive edge of Gulistan. Internal Audit Checklist * All managers utilize this facility to make decisions according to their concerned departments. They have appointed a HOD for MIS. * Data is always updated on daily basis. * Every manager has password and login through which he or she can access the system. * Training is essential for every manager so that he or she can get familiar to the system. * Company always tried to make it user friendly they succeeded in that. * Managers considered MIS a key thing or a company asset because its very expensive for providing them competitive edge. HR DEPARTMENT Gulistan has huge number of employees. It is necessary to manage a strong HR department and gulistan is doing it.The companys people are their assets and its important for them that how they are developed, trained, and motivated. Gulistan is committed to diversity in a working environment where there is mutual trust and respect . Where everyone feels responsible for the performance and reputation of their company. They recruit, employ and promote employees on the sole basis of the qualifications and abilities needed for the work to be performed. They are committed to safe and healthy working conditions for all employees. They didnt use any form of forced, compulsory or child labor.They are committed to working with employees to develop and enhance each individual skills and capabilities. They respect the dignity of the individual and the right of employees to freedom of association. They maintained good communications with employees through company based information and consultation procedures. There HR department is currently working on these basic lines- * Management by objectives * Hiring and retaining highly professional and talented people, who are dedicated, empow ered and committed to deliver remarkable growth. * Skills development through internal and external training programs. Equal opportunity employment i. e. No discrimination in hiring, promotions, rewards and appraisals on the basis of sex, religion, caste, race or national origin. Following are the organizations main strengths- * Good Governance And Policies * Team Work * Communication between Units * Healthy Resources * Product Quality * Low Workers Strength * ISO 9001 and IKO-TEX 100 Certified * Biggest composite unit in Pakistan * Highest credit rating by PACRA * Self owned power plant * Largest dyeing facility in southward East Asia Following are the organizations weaknesses- Organization is unable to offer its middle managers a good salary * Transit time is more as compare to foreign competitor * High employees turnover * High cost of production * Relying on international market more than local market * Benefits offered to the general managers are good but the benefits offered t o middle managers are not at all satisfactory * A weakness of the Gulistan Textile Mills Limited is the no direct relationships with the customer because they have to pay the 2. 50% of the sales to agents as commission. ingrained FACTOR EVALUATION (IFE) MATRIX KEY INTERNAL FACTORS Weight gait Weighted Score STRENGTHS ISO 9001 and IKO-TEX 100 Certified 0. 11 3 . 33 Biggest composite unit in Pakistan . 10 4 . 44 Highest credit rating by PACRA 0. 13 4 . 52 Self owned power plant . 15 4 . 60 Largest dyeing facility in confederation East Asia . 12 4 . 48 Weaknesses Relying on international market more than local market . 10 2 . 20 High cost of production . 12 2 . 24 High employees turnover . 06 2 . 12 Transit time is more as compare to foreign competitor . 11 1. . 11 Total 1. 00 3. 00 INTERPRETATIONS IFE score of3. 0indicating that the Gulistan Textile Millsis an internally strong organization, itrepresent that it is excellent in its overall internal strategies when it come t o explore strengths and weaknesses. Overall the mainstrengthis financial. SWOT Matrix STRENGTHS WEAKNESSES 1. ISO 9001 certified IKO-TEX 100 Certified. 2. Biggest composite unit in Pakistan 3. Highest credit rating by PACRA 4. Self owned power plant 5. Largest dyeing facility in south east Asia 1. Relying on international market only 2. High cost of production 3. High employees turnover 4.Transit time is more as compare to foreign competitor OPPORTUNITIES S-O STRATEGIES W-O STRATEGIES 1. WTO regime implementation 2. Cost reduction technology by using modern and advanced technology 3. Local market development 4. Diversification in energy sector (Subject to Government permission) 1. provide electricity to residential areas ( S4, O4)2. capture local market by providing facility of outsourcing and introducing company products through its retail outlets (S2, S5, O3) 1. Import modern technology (W1, W2, O2)2. Company can enter in new market through retail outlets (W1, W4, O3) THREATS S -T STRATEGIES W-T STRATEGIES . Export of raw cotton and yarn 2. WTO regime implementation 3. Exchange rate fluctuations 4. Instable political and economical conditions 5. Government policies 1. Penetration in foreign market (S1, T2)2. Make future contracts to avoid currency fluctuations (S3, T3) 1. Focus on local market (W1, W2, W4, T2, T3)2. Import modern technology, and do agreements with suppliers to pimp your supply of raw material (W2, T1) INTERPRETATIONS Critical Region is WO. Gulistan can import new technology to reduce its cost of production.Company can thus be able to penetrate in the market and capture more shares by improving quality of goods and go, and provision of goods at lower prices. LONG TERM NON pecuniary OBJECTIVES * To provide quality product to customers to satisfy their need. * To achieve goals set by group. * To win competition in the market and to reach on peak of textile sector. * To use innovative technology that reduces human dependency. * To provide s uch an environment where employees do their work with honesty and satisfactorily. * To expand business around the boundaries of Pakistan and at international level. To use innovative machinery for its units. * To provide such a mechanism where employees are rewarded and encouraged toward their objectives. LONG TERM FINANCIAL OBJECTIVES * To achieve the turnover of Rs 29 billion. * establishment of value added products. * Attaining bigger international market share. * Upgrading all the technological equipments to increase production. * To find Suppliers of the company in local market to increase local market share. * For better production make relations with cotton development and research institutes, local cotton producers and cotton whole sellers. Plant layout is important factor in production cost the company objective is to improve plant layout for cost reduction. Findings Interpretations Of EFE EFE score of 2. 84 indicating that the Gulistan is taking the external opportunities and avoiding external threats quite well, however there is room for improvement is well. This score suggest Gulistan to be aggressive but the degree of aggressiveness needs to be little moderate, it should not go for diversification, quite it should go for penetration in the existing market, further developing local or foreign market or it may design a new roduct. Interpretations Of CPM A Gulistan Mills limited is dominating in the industry as compared to local players. There are several competitors like Agzard 9, Kohinoor textile mills, etc, but above taken competitors are the major ones. CPM scores for Gulistan showing aggressiveness as compared to the crescent and Chenab textile mills. Gulistan is number one company within the local environment it is basically leading the industry in the following aspects * Product design. * Research development. * Persistence in product quality. Trained Manpower. Moreover, crescent textile mills is resides at the second number and leading ind ustry in effective management style. Finally Chenab textile comes at number 3rd with leading position in persistence in quality and market segmentation. Interpretations Of IFE IFE score of3. 00indicating that the Gulistan Textile Millsis an internally strong organization, itrepresent that it is excellent in its overall internal strategies when it come to explore strengths and weaknesses. Overall the mainstrengthis financial. SPACE MATRIXFinancial Strength Rating Environmental Stability Rating Leverage 4 Rate of inflation -3 net income 6 Technological changes -3 E. P. S 5 Competitive pressure -3 R. O. E 5 Risk involve in business -2 Average 5 Average -2. 75 Y-Axis strength 2. 25 Competitive Advantage Rating Industry Strength Rating Market share -1 Growth say-so 5 product quality -2 Financial stability 3 customer loyalty -3 Resource utilization 3 Technological know how -2 Profit potential 2 Average -2 Average 3. 5 X-Axis strength 1. 25 INTERPRETATIONS * For the purpose of evaluating financial strength we have compared our concerned co. with industrial average. * Leverage used by Gulistan was significantly low as compared to industrial average that why we have ranked it at point 4. * Net income of Gulistan was highest in industry thats why it is given 6 points. * Its E. P. S return on equity was also high as compare to industry thats why they were ranked 5. * Market share of Gulistan was highest about 12% that why it is given -1 marks. There product is of good quality there customers are loyal but customers cant be very loyal in this industry thats why they were ranked at -2 -3. * They have new advanced technology thats why they are ranked -2. * Rate of inflation is increasing its C. G. S technological changes its depreciation as well as there is heavy competitive pressure from china Bangladesh thats why they were rankes-3. * There is high risk now a days in this business but due to being as industrial giant in Pakistan they are not in such a risk that why it is given -2. There is high growth potential in industry because now recovery period have been started. * Industry is less financial stable as well as most of the companies are producing very below then their capacity thats why they are ranked at 3. * Due to increase in cost the profit potential has been declined that why this is ranked at 2. Directional vector point is 1. 25, 2. 25) Conservative Aggressive Competitive Defensive FS IS CA ES Interpretations * According to our calculations the score of our company is 1. 25 on x-axis And 2. 25 on Y-axis * Which is showing that our co. hould go for aggressive strategy * Furthermore it is telling us that our financial strength is the dominating factor in industry * Our concerned strategies can be * back ,forward ,horizontal ,integrations * Market penetration * Market development * Product development * Diversification(related or unrelated) * On the other hand, Gulistan also has the opportunity to enter and capture the l ocal market. Company can do this through opening retail outlets in the local areas and provide better goods and services to its domestic customers. THE BOSTON CONSULTING GROUP MATRIXMarket Share High Low StarsHigh Industrial Growth Question Mark Cash CowLow Dogs Interpretations Gulistan is a composite textile unit of Gulitan Textile Group. Total number of players in the industry is 60, and Gulitan is the market leader. It captures 12% market share as a whole. In 2009, the industrial overall growth rate is 11%, but that of Gulitan Textiles is 24% as compare to the sales of 2008. The industrial growth is high and Gulistan Textiles has high market growth as well.So, it lies in the first quadrant (Stars) of the BCG matrix. It implies that, company has the opportunity to go for Market penetration to capture more shares in the existing market by using new technology, and increasing promotional activities. It also has a tremendous option of local market development. Other feasible strat egies may be the backward integration to secure the supplies in order to tackle with the threat of exporting of local raw material to foreign markets. Also Gulistan Textiles goes for forward integration to minimize its weakness of expatriation time of goods and services to its customers.THE INTERNAL-EXTERNAL (IE) MATRIX A- IFE TOTAL SCORE B- C- Strong Moderate Low D- E- IGrow and Build IIGrow and Build IIIHold and Maintain IVGrow and Build VHold and Maintain VIHarvest VIIHold and Maintain VIIIHarvest IXDivest High F- G- H- I- J- K- Medium L- EFE TOTAL SCORE M- N- O- P- Q- Low R- S- T- U- V- W- Interpretations * IFE Total Score (As per IFE Matrix) = 3. 00 * EFE Total Score (As per EFE Matrix) = 2. 84 It implies that Gulistan Textiles is in a much strong position. But, comparatively it is stronger internally as compare to its external position.As per IE Matrix, Gulistan Textiles lies in fourth cell, which implies that it should go for aggressive strategies that is grow and build str ategies. The possible strategies for Gulistan Textiles may be the integrations, intensive, and diversifications. Gulistan Textiles has the opportunity to go for Market penetration to capture more share in the existing market by using new technology, and increasing promotional activities. It also has a tremendous option of local market development. Other feasible strategies may be the backward integration to secure the upplies in order to tackle with the threat of exporting of local raw material to foreign markets. Also Gulistan Textiles goes for forward integration to minimize its weakness of transit time of goods and services to its customers. THE GRAND scheme MATRIX Rapid Market Growth Quadrant II Quadrant I Quadrant III Quadrant IV Strong Competitive Advantege Weak Competitive Advantage Slow Market Growth Interpretations Total number of players in the industry is 60, and Gulistan Textiles is the market leader. It captures 12% market share as a whole.In 2009, the industrial over all growth rate is 11%, but that of Gulistan Textiles is 24% as compare to the sales of 2008. As the market growth is high, and Gulistan Textiles has strong comparative position in the market. So, it lies in the first quadrant of Grand strategy matrix, which implies that it should go for aggressive strategies. The possible strategies for Gulistan Textiles may be Market Development, Market Penetration, Backward and Forward Integrations. THE QUANTITATIVE STRATEGIC PLANNING MATRIX (QSPM) Strategy 1LOCAL MARKET DEVELOPMENT Strategy 2PENETRATING IN FOREIGNMARKET KEY INTERNAL FACTORS Weight AS TAS AS TAS STRENGTHS ISO 9001and IKO-TEX 100 Certified. 0. 10 1 0. 10 3 0. 30 Biggest Composite Unit in Pakistan. 0. 11 4 0. 44 2 0. 22 Capacity utilization. 0. 13 3 0. 39 2 0. 26 Self-Owned Power Plant. 0. 14 2 0. 28 3 0. 42 Largest Dyeing Facility in southeastward East Asia. 0. 12 2 0. 24 1 0. 12 WEAKNESSES Relying on international markets only. 0. 10 4 0. 40 2 0. 20 High Cost of Productio n. 0. 12 3 0. 36 4 0. 48 Market Segmentation. 0. 07 3 0. 21 1 0. 07 Transit time is more as Compared to Foreign Competitors. 0. 11 2 0. 22 1 0. 11 SUBTOTAL 1. 00 2. 64 2. 18 Strategy 1LOCAL MARKET DEVELOPMENT Strategy 2PENETRATING IN FOREIGN MARKET KEY INTERNAL FACTORS Weight AS TAS AS TAS OPPORTUNITIES WTO regime Implementation. 0. 12 1 0. 12 4 0. 48 Cost reduction through introducing modern technology. 0. 13 2 0. 26 4 0. 52 Local market development. 0. 11 3 0. 33 1 0. 11 Entering in Energy Sector. 0. 11 - - - - THREATS Export of raw cotton and yarn. 0. 12 3 0. 36 2 0. 24 WTO regime Implementation. 0. 1 1 0. 10 3 0. 30 Exchange rate fluctuations. 0. 09 2 0. 8 1 0. 09 Instable Political and Economic Conditions. 0. 11 3 0. 33 2 0. 22 Government Policies. 0. 11 2 0. 22 3 0. 33 SUBTOTAL 1. 0 1. 90 2. 29 GRAND TOTAL 4. 54 4. 47 Interpretations * I. S. O certification will only be subservient in market penetration so thats why it is given high marks. * Biggest compos ite unit less capacity utilization will be helpful or will be used better by open orbit store rather than market penetration so it is given higher marks. * Increasing sales in foreign will better use energy rather than chain store so it is given higher marks. Largest death facility has its goodwill so we have ranked it higher in chain store. * Reliance on international market can be decreased by opening chain store thats why it is given higher marks. * Higher cost of production can be decreased by exporting more quantity but opening new store will increase an expense for thats why penetration is given higher marks. * Open chain store will increase our segmentation it will decrease on reliance on exports so problem of transit time will impact us less that are why these are given higher marks. * WTO regime will be useful only in penetration so it is given higher marks. Local market development will be done only in that case when we will go for chain store so it is given higher mar ks. * If we will open chain store we will be able to charge higher prices due to our goodwill so yarns export problem will not affect us as it is effecting. * WTO regime implementation will be covered only in that case when we will go for market penetration. * Exchange rate fluctuation will impact us only in that case when we will go for foreign trade so opening retail store will reduce its impact thats why it is given higher score. Due to bankruptcy of foreign customers the political economical conditions will have less impact on us if we will go for chain store thats why it is given higher marks. * Government policies regarding opening a new store can be difficult to meet so it is given lower marks. Conclusion Future of the company Gulistan Textile Mills Limited is a growing firm and all its employees have a potential and skills to grow for the betterment of the company. Work environment is good and employees are satisfied with Gulistan Textile Mills Limited. There are not hard a nd fast rule in the accomplishment of the work.Gulistan Textile Mills Limited facilitates its employees with the lot of facilities like medical and other facilities. The job turnover ratio is gradually increasing due to the Economic crisis in Pakistan but employees are sincere with their work. Office area is established and safety measures are applied. Company is facing very tough competition from competitors particularly china, India, Bangladesh. The competitive positive position ofcompetitors is better because of their lower cost of doing business on account of various incentives and subsidies available to them.Recently government provided some support to textile manufactures of value added product only in shape of lower interest rates. For increasing textile manufactures, Gulistan group of companies has no alternative but to improve the sale of its product in followings way. * Gulistan group of companies should improve the quality of its products. * Gulistan group of company sho uld emphasis on value-added products and improve the quality. * The machinery of company should be improved by technology which increases the production of goods. * Gulistan group of companies should meet the requirements of consumers in term of fashion and design.Learning It was a marvelous experience that we have availed with devotion and commitment. We have an interest in textile industry thats because Textile is the back bone of the economy of the country. But one thing we want to share its not easy that looks it has a great toughness and complications in its process but the overall it was nice and great. We learnt that how strategies are formed, implemented & evaluated in textile sector. By doing analysis we have an intellection that how to make and evaluate the strategies that are implemented in field.