Market Opportunity Identification Lab Report Example | Topics and Well Written Essays - 2500 words

Market Opportunity Identification - Lab Report Example The report will also evaluate the Strengths, Weaknesses, Opportunities and Threats (SWOT) posed by the Chinese market. The potential consumer market in China for the online travel services offered Wotif.com will be analyzed in order to gauge the attractiveness of the market. The Chinese economy has experienced a tremendous growth in the recent past. Before the economic recession set in, the economy of China was growing at two digit levels annually (Ding 5). It is notable that even with the impacts of the global financial crisis negatively affecting many economies in the world, China is still experiencing a significantly higher economic growth rate. The Chinese economy is greatly diversified with categories such as manufacturing, mining, energy, services, real estate among others. This implies that the growth in the economy cuts across all the major economic sectors including tourism and Information Communication Technology (ICT). Thus, China is an attractive international investment destination as its economy offers chances for business growth and expansion. It is notable that China has the highest population in the world currently standing at over two billion people (Tian 2011). The majority of the population comprises of local people. The high population offers a huge domestic market that can be harnessed for business gain. China has a stable political environment with the leadership of the country entrusted on the Communist Party. The transition structures in China are clear and there are no chances of political upheavals or drastic changes in policy. The Communist Party elects the President who is the head of state and the Prime Minister who serves as the head of government. The centralization of power has ensured that there are uniform economic policies in China and minimal chances for political upheavals. The government has also adopted

Education System Comparison Between Usa and Latvia Essay Example for Free

Education System Comparison Between Usa and Latvia Essay Introduction Everyone knows that in nowadays there are many possibilities and ways to learn, but in Latvia this is very topical theme right now. Many of the high school graduates want to learn abroad. And I do not think that this is good, because like about half of the students or people that go to learn abroad, never comes back to the native country. That is why I have chosen this topical theme. I am going to study educational systems in these countries. I am going to poll some of the 12th grade students about what are they thinking about learning in USA. I want to achieve that kind of position when a student reads my research project and especially the higher education in Latvia part he changes his mind and stays to learn here. My hypothesis for this Research Work is the education systems in Latvia and in the USA are different and this is a reason why people in Latvia choose the USA for studies very often. The Aim of the Research Work is to compare the education systems in the USA and in Latvia and to find out middle school students opinion about studies in Latvia and in the USA. The main objectives of the Research Work are: †¢ To collect the information about educational system in Latvia †¢ To collect the information about educational system in the USA †¢ To make a questionnaire and analyze the results of middle school students opinion about studies in Latvia and in the USA Educational system in USA Education in the United States is provided mainly by government, with control and funding coming from three levels: federal, state, and local. School attendance is mandatory and nearly universal at the primary and secondary levels. At these levels, school curricula, funding, teaching, and other policies are set through locally elected school boards with jurisdiction over school districts. School districts are usually separate from other local jurisdictions, with independent officials and budgets. Educational standards and standardized testing decisions are usually made by state governments. The age for compulsory education vary by state, beginning at the age five to eight and ending at the age of fourteen to eighteen. A growing number of states are now requiring school attendance until the age of 18.[6] 1.1 Preschool There are no mandatory public prekindergarten or crà ¨che programs in the United States. The federal government funds the preschool program for children of low-income families, but most families are on their own with regard to finding a preschool or childcare. In the large cities, there are sometimes upper-class preschools catering to the children of the wealthy.[6] 1.2 Elementary and Secondary Education Schooling is compulsory for all children in the United States, but the age range for which school attendance is required varies from state to state. Most children begin elementary education with kindergarten (usually five to six years old) and finish secondary education with twelfth grade (usually eighteen years old). In some cases, pupils may be promoted beyond the next regular grade. Some states allow students to leave school at the age of 14–17 with parental permission, before finishing high school. Most parents send their children to either a public or private institution. According to government data, one-tenth of students are enrolled in private schools. Approximately 85% of students enter the public schools, largely because they are free (tax burdens by school districts vary from area to area). Most students attend school for around six hours per day, and usually anywhere from 175 to 185 days per year. Most schools have a summer break period for about two and half months from June through August. This break is much longer than in many other nations. Originally, summer vacation, as it is colloquially called, allowed students to participate in the harvest period during the summer. However, this remains largely by tradition.[6] Parents may also choose to educate their own children at home; 1.7% of children are educated in this manner. 1.2.1 Junior high school Junior high school is any school intermediate between elementary school and high school. It usually includes seventh and eighth grade, and sometimes sixth or ninth grade. In some locations, junior high school includes ninth grade only, allowing students to adjust to a high school environment. Middle school is often used instead of junior high school when demographic factors increase the number of younger students. At this time, students are given more independence as choosing their own classes. Usually, starting in ninth grade, grades become part of a student’s official transcript. Future employers or colleges may want to see steady improvement in grades and a good attendance record on the official transcript. Therefore, students are encouraged to take much more responsibility for their education.[6] 1.3 Higher education Post-secondary education in the United States is known as college or university and commonly consists of four years of study at an institution of higher learning. There are 4,352* colleges, universities, and junior colleges in the USA. Students traditionally apply to receive admission into college, with varying difficulties of entrance. Schools differ in their competitiveness and reputation; generally, the most prestigious schools are private, rather than public. Admissions criteria involve the rigor and grades earned in high school courses taken, class ranking, and standardized test. Most colleges also consider more subjective factors such as a commitment to extracurricular activities, a personal essay, and an interview. While numerical factors rarely ever are absolute required values, each college usually has a rough threshold below which admission is unlikely.[2] *- January 2009. data from www.ed.gov Once admitted, students engage in undergraduate study, which consists of satisfying university and class requirements to achieve a bachelors degree in a field of concentration known as a major. The most common method consists of four years of study leading to a Bachelor of Arts (B.A.), a Bachelor of Science (B.S.), or sometimes another bachelors degree such as Bachelor of Fine Arts (B.F.A.), Bachelor of Social Work (B.S.W.), Bachelor of Engineering (B.Eng.,) or Bachelor of Philosophy (B.Phil.) Five-Year Professional Architecture programs offer the Bachelor of Architecture Degree (B.Arch.) Professional degrees such as law, medicine, pharmacy, and dentistry, are offered as graduate study after earning at least three years of undergraduate schooling or after earning a bachelors degree depending on the program. These professional fields do not require a specific undergraduate major, though medicine, pharmacy, and dentistry have set prerequisite courses that must be taken before enrollment.[2] Some students choose to attend a community college for two years prior to further study at another college or university. In most states, community colleges are operated either by a division of the state university or by local special districts subject to guidance from a state agency. Community colleges may award Associate of Arts (AA) or Associate of Science (AS) degree after two years. Those seeking to continue their education may transfer to a four-year college or university. Some community colleges have automatic enrollment agreements with a local four-year college, where the community college provides the first two years of study and the university provides the remaining years of study, sometimes all on one campus. The community college awards the associates degree, and the university awards the bachelors and masters degrees. Graduate study, conducted after obtaining an initial degree and sometimes after several years of professional work, leads to a more advanced degree such as a masters degree, which could be a Master of Arts (MA), Master of Science (MS), Master of Business Administration (MBA), or other less common masters degrees such as Master of Education (MEd), and Master of Fine Arts (MFA). After additional years of study and sometimes in conjunction with the completion of a masters degree, students may earn a Doctor of Philosophy (Ph.D.) or other doctoral degree, such as Doctor of Arts, Doctor of Education, Doctor of Theology, Doctor of Medicine, Doctor of Pharmacy, Doctor of Physical Therapy, or Doctor of Jurisprudence. Some programs, such as medicine, have formal apprenticeship procedures post-graduation like residency and internship which must be completed after graduation and befor e one is considered to be fully trained. Other professional programs like law and business have no formal apprenticeship requirements after graduation.[3] Entrance into graduate programs usually depends upon a students undergraduate academic performance or professional experience as well as their score on a standardized entrance exam. Many graduate and law schools do not require experience after earning a bachelors degree to enter their programs; however, business school candidates are usually required to gain a few years of professional work experience before applying. Only 8.9 % of students ever receive postgraduate degrees, and most, after obtaining their bachelors degree, proceed directly into the workforce.[7] 1.4 Basic Curricular Structure Generally, at the high school level, students take a broad variety of classes without special emphasis in any particular subject. Curricula vary widely in quality and rigidity. The following subjects are fairly universally required in the United States: †¢ Science (usually two years minimum, normally biology, chemistry and physics) †¢ Mathematics (usually two years minimum, normally including algebra, geometry, algebra II, and/or trigonometry) †¢ English (usually four years minimum, including literature, humanities, etc.) †¢ Social Science (usually three years minimum, including various history, government/economics courses) †¢ Physical education (at least one year) Many states require a health course in which students learn about anatomy, nutrition, first aid, sexuality, and birth control. Anti-drug use programs are also usually part of health courses. In many cases, however, options are provided for students to test out or perform independent study in order to complete this requirement. Foreign language and some form of art education are also a mandatory part of the curriculum in some schools.[6] 1.5 Extracurricular activities A major characteristic of American schools is the high priority given to sports, clubs and activities by the community, the parents, the schools and the students themselves. Extracurricular activities are educational activities not falling within the scope of the regular curriculum but under the supervision of the school. These activities can extend to large amounts of time outside the normal school day; home-schooled students, however, are not normally allowed to participate. Student participation in sports programs, drill teams, bands, and spirit groups can amount to hours of practices and performances. Most states have organizations which develop rules for competition between groups. These organizations are usually forced to implement time limits on hours practiced as a prerequisite for participation. Many schools also have non-varsity sports teams, however these are usually afforded less resources and attention. The idea of having sports teams associated with high schools is relatively unique to the United States in comparison with other countries. Sports programs and their related games, especially football and/or basketball, are major events for American students and for larger schools can be a major source of funds for school districts. High school athletic competitions often generate intense interest in the community. Inner city schools serving poor students are heavily scouted by college and even professional coaches, with national attention given to which colleges outstanding high school students choose to attend. State high school championship tournaments football and basketball attract high levels of public interest. In addition to sports, numerous non-athletic extracurricular activities are available in American schools, both public and private. Activities include musical groups, marching bands, student government, school newspapers, science fairs, debate teams, and clubs focused on an academic area or cultural interests.[5] 1.6 Electives Many high schools offer a wide variety of elective courses, although the availability of such courses depends upon each particular schools financial resources and desired curriculum emphases. Common types of electives include: †¢ Visual arts (drawing, sculpture, painting, photography, film) †¢ Performing arts (drama, band, chorus, orchestra, dance) †¢ Technology education (woodworking, metalworking, automobile repair, robotics) †¢ Computers (word processing, programming, graphic design) †¢ Athletics (cross country, football, baseball, basketball, track and field, swimming, tennis, gymnastics, water polo, soccer, wrestling, cheerleading, volleyball, lacrosse, ice hockey, field hockey, boxing, skiing/snowboarding) †¢ Publishing (journalism/student newspaper, yearbook/annual, literary magazine) †¢ Foreign languages (Spanish, French are common; Chinese, Latin, Greek, German, Italian, Arabic, and Japanese are less common)[5] 1.7 Advanced Courses Many high schools provide Advanced Placement (AP) or International Baccalaureate (IB) courses. These are special forms of honours classes where the curriculum is more challenging and lessons more aggressively paced than standard courses. AP or IB courses are usually taken during the 11th or 12th grade of high school.[6] 1.8 Home Schooling There was 1,3 million children that were home schooled in 2008, up 74% from 1999 when the US Department of Education first started keeping statistics. This was 2.9% of all children. Parents select moral or religious reasons for home schooling their children.[1] 1.9 School grades As you can see in the table (Table N.1), in the U.S. the first year of compulsory schooling begins with children at the age of five or six. Children are then placed in year groups known as grades, beginning with first grade and culminating in twelfth grade. Typical ages and grade groupings in public and private schools may be found through the U.S. Department of Education. Many different variations exist across the country.[2] For more foreseen scheme of education in USA see Appendix N.1. 1.10 Grading scale In schools in the United States children are continually assessed throughout the school year by their teachers, and report cards are issued to parents at varying intervals. Generally the scores for individual assignments and tests are recorded for each student in a grade book, along with the maximum number of points for each assignment. At any time, the total number of points for a student when divided by the total number of possible points produces a percent grade which can be translated to a letter grade. Letter grades are often used on report cards at the end of a marking period, although the current grade may be available at other times. Although grading scales usually differ from school to school, the grade scale which seems to be most common is as follows. The grading is based on a scale of 0-100 or a percentile. Note that in some jurisdictions the D grade (or that below 70) is considered a failing grade. In other jurisdictions a D grade is considered passing in certain classes , and failing in others. If you need a concept of grading scale, see Table N.2.[6] Table N.2 Example grading scale in USA |E,N,U or F |D |C |B |A | | |- | |+ |- | |arodpamatskola |vocational basic school |9-year education may be |2 |no | | | |incomplete | | | |arodvidusskola |vocational secondary school|9-year education |3 |no | |arodgimnazija |vocational gymnasium |9-year education |4 |yes | |arodskola |vocational school |general secondary education |1-2 |no | | |(postsecondary) | | | | As it is seen from table (Table N.4), just one type of vocational schools – four year vocational gymnasium concurrently to vocational training provide general secondary education and, consequently, access to higher education.[10] 2.8 Access to Higher Education In principle, access to higher education is general for all holders of general secondary education certificates. However, the institutions of higher education are free to determine which of the elective subjects must have been taken by the applicant at the secondary school in order to become eligible for admission to a chosen program. There are no fixed all-Latvian rules determining the admission system and it may differ between different institutions and even between different faculties of the same institution of higher education. The main forms of admission procedure may be as follows: †¢ 1 to 4 competitive entrance examinations; †¢ a competition of diplomas plus an interview by the Admission board, which may include general questions in subjects important to the chosen specialty; †¢ just a competition of diplomas (usually judging by the marks in subjects important to the chosen program and/or average mark in the secondary school certificate); †¢ knowledge of Latvian language is evaluated in these cases when the applicant has not had Latvian as the language of instruction in secondary school. An admission board consisting of staff members is formed in all higher educational institutions to carry out admission procedures in accordance with conditions announced at least 5 months before.[9] 2.9 Higher Education 2.9.1 Academic higher education (AkadÄ“miskÄ  augstÄ kÄ  izglÄ «tÄ «ba) is understood as a general higher education based upon fundamental and/or applied science. Academic education can be (and in most cases is) divided into two stages. A student has to perform a thesis of a Research Work at the end of each stage. I. First degree An academic degree and a Bachelor diploma (Bakalaura grÄ ds) can be awarded after successive completion of the first stage. Bachelor degree is an intermediate degree and can be treated as a completed higher education only in these cases when duration of program is 4+ years. However, part of the students leave universities having a bachelor`s degree and find their gap in the labor market. II. Second degree Academic master degree (MaÄ £istra grÄ ds) and the appropriate diploma is awarded after the second stage of academic education and should be treated as a complete university-type higher education. Master degree or a degree equivalent to it (e.g. medical studies are of a level of master`s degree but name of master`s degree is not applicable) can be awarded after total duration of 5-7 years of university studies. Master degree (or equivalent) is required for admission to doctoral studies. III. Higher degrees There are two of doctoral degrees in Latvia Degree of Ph.D. (Doktora grÄ ds) Holders of master`s degree are eligible for doctoral studies and the holders of Ph.D. is expected to be achieved in a 3-4 year period of full-time doctoral studies after a public defense of doctoral thesis. After defense of habilitation thesis you are awarded with a degree of habilitated doctor (habilitÄ“ts doktors). Doctoral degrees are awarded by specialized councils: †¢ promotion council (promocijas padome) awarding the degree doktors only †¢ habilitation council (habilitÄ cijas padome) awarding both doctoral degrees. The regulations for awarding of doctoral degrees are set and the promotion and habilitation councils are appointed by Latvian Science Council (Latvijas ZinÄ tnes Padome). 2.9.2 Higher professional education (ProfesionÄ la augstakÄ  izglÄ «tÄ «ba) is a higher education based upon applied science. It provides knowledge and skills for professional activities. Acquirement of the programs of professional studies can take place independently of academic studies, concurrently to or after them. Non-university type higher education institutions offer higher professional education programs leading directly to professional qualifications. To be treated as a completed higher education, the duration of professional studies has to be not less than 4 years. University-type higher education institutions may offer 1-2 year programs leading to professional qualification after achieving bachelor degree (bakalaurs).[8]

Card readers :: essays research papers

1. OPEN EEPROM Just what it means - open a saved EEPROM image 2. SAVE AS This has 3 options (different ways to save the image of the card) a. NORMAL HEX b. ASCII ENCODED HEX c. BIN FILE 3. VIEW This has 5 options:. a. ATR INFO- this is a break down of what is in the ATR of your card b. HU MAP- this is a map of where different data is at on the hu image. c. TIER DATA- is the data from the different tiers on the card d. EEPROM DUMP- is what you see after you read the card and then pull it. e. MESSAGE WINDOW- is the first thing you see when you put your card in. 4. EEPROM This has 7 options: a. CLEAN EEPROM - This is what you do when you want to clean any data off your hu image b. CLEAR PASSWORD - This is what you use to clear the pass word from a card that has one on it. c. CLEAR IRD - This has two options: 1. UMMARRY- this will unmarry the card to use in another ird 2. SET TO VIRGIN- that is what it does. d. CMD 90 BLOCKING - This has two options 1. TURN ON 2. TURN OFF e. FIX ATR 4TH BYTE - This is for IVAC cards. f. PATCH FILE - This has two options. (also used to patch a file into your image or card) 1. NORMAL HEX FILE 2. EXTREME HEX FILE g. CAM/ZKT TOOLS - This has three options 1. STORE CAM/ZKT 2. PATCH CAM/ZKT 3. SAVE CAM/ZKT FOR H CARD E. CARD - This has 5 options a. CHECK ATR - will do just that. b. UTILITIES - This has 6 options 1. CHANGE AREA- this is to change time zone, zip and locals byte 2. CLEAR PASSWORD 3. CLEAR IRD - This has 2 options under it aa. UNMARRY bb. SET TO VIRGIN 4. CMD 90 BLOCKING - Again has two options aa. TURN ON bb. TURN OFF 5. FIX 4TH BYTE 6. READ USW - This tells you what your USW is. c. READ CARD - This is always the first thing you do....read your card. d. WRITE CARD - This has two options 1. CURRENT EEPROM - This will write the current EEPROM image that you have loaded. 2. HEX FILE - This will write a hex file to the card

Financial Analysis of Tcs and Tech Mahindra

ACCOUNTS PROJECT Submitted By: Kriti Singh Roll No: 236 Section-D, LBSIM, Delhi 1. ) Calculation of Ratios: (All figures used For calculation are in Rs crores) Liquidity Ratios: 1. Current Ratio Formula: Current Ratio=Current Assets /Current Liability Current Ratio of TCS : For 2012: 23275. 09/10465. 01 = 2. 224 For 2011: 17036. 41/7246. 03 = 2. 3511| | Current Ratio of Tech Mahindra: For 2012: 19809/17007 = 1. 16475 For 2011: 18412/15295 = 1. 20379 2. Quick Ratio Formula: Quick Ratio= Quick Current Assets/Current Liability Quick Ratio of TCS:For 2012: 23257. 32/10465. 01 = 2. 223 For 2011: 17013. 59/7246. 03 = 2. 347 Quick Ratio of Tech Mahindra: For 2012: 19807/17007 = 1. 16463 For 2011: 18406/15295 = 1. 20339 3. Cash ratio: Formula: | Cash Ratio of TCS: For 2012: 6003. 37/10465. 01 =0. 5736 For 2011: 4700. 85/7246. 03 =0. 648 Cash Ratio of Tech Mahindra: For 2012: 1389/17007 = 0. 081 For 2011: 1938/15295 = 0. 126 Leverage Ratios: 1. Debt-Assets Ratio: Formula: Debt to Assets = tot al debt / total assets Debt-Assets Ratio of TCS: For 2012: 116. 26/41394. 49 =0. 0028 For 2011: 69. 27/32681. 04 =0. 0021Debt-Assets Ratio of Tech Mahindra: For 2012: 11266/63454 = 0. 177 For 2011: 11827/60804 =0. 194 2. Debt Equity Ratio: Formula: Debt to Equity Ratio =  (Short Term Debt + Long Term Debt)/Tangible N. W. Debt to Equity Ratio of TCS:For 2012: 116. 26/29840. 13 =0. 003 For 2011: 69. 27/24651. 22 =0. 002 Debt to Equity Ratio of Tech Mahindra: For 2012: 11266/34369 = 0. 327 For 2011: 11827/33810 =0. 349 3. Interest coverage Ratio Formula: Interest Coverage Ratio =  (EBIT) / interest.Interest coverage Ratio of TCS: For 2012: 13945. 54/22. 23 =627. 32 For 2011: 11047. 1/26. 48 =417. 18 Interest coverage Ratio of Tech Mahindra: For 2012: 7494/1025 =7. 3112 For 2011: 9173/1113 =8. 2416 4. Total Debt Ratio: Formula: Total Debt Ratio = Total Debt / Capital Employed Total Debt Ratio of TCS: For 2012: 116. 26/30929. 48 =0. 00375 For 2011: 69. 27/25435. 01 =0. 0027 Tota l Debt Ratio of Tech Mahindra: For 2012: 11266/46447 = 0. 425 For 2011: 11827/45509 =0. 259 Activity Ratios: 1. Inventory turnover Ratio: Formula: Inventory Turnover Ratio = Cost of Goods Sold/Inventory Cost Inventory turnover Ratio of TCS:For 2012: 35398. 69/ 17. 77 =1992. 04 For 2011: 26907. 89/22. 82 =1179. 132 Inventory turnover Ratio of Tech Mahindra:For 2012: 46638/2 =23319 For 2011: 42861/6 =7143. 5 2. Receivable’s turnover Ratios: Formula: Receivable Turnover Ratio = Sales/ Accounts Receivable Receivable’s turnover Ratio of TCS:For 2012: 48893. 83/11520. 35 =4. 244 For 2011: 37324. 1/8194. 97 =4. 554 Receivable’s turnover Ratio of Tech Mahindra:For 2012: 52430/12431 =4. 217 For 2011: 49655/9643 =5. 149 3. Payable turnover Ratios: Formula: Payable Turnover Ratio = Cost/ Average Payables Payable turnover Ratio of TCS:For 2012: 35398. 69/ 3247. 87 =10. 89 For 2011: 26907. 89/2572. 33 =10. 46 Payable turnover Ratio of Tech Mahindra:For 2012: 46638/4684 =9. 9 56 For 2011: 42861/3034 =14. 126 4. Fixed assets turnover Ratios: Formula: Fixed assets turnover Ratios = Sales/ Fixed Assets Fixed assets turnover Ratios of TCS: For 2012: 48893. 83/6564. 97 =7. 4 For 2011: 37324. 51/5440. 98 =6. 85 Fixed assets turnover Ratios of Tech Mahindra: For 2012: 52430/8153 =6. 430 For 2011: 49655/6608 =7. 5143 5. Total assets turnover Ratios: Formula: Total assets turnover Ratios = Sales/ Total Assets Total assets turnover Ratios of TCS: For 2012: 48893. 83/11520. 35 =4. 244 For 2011: 37324. 51/8194. 97 =4. 554 Total assets turnover Ratios of Tech Mahindra: For 2012: 52430/63454 =0. 826 For 2011: 49655/60804 =0. 816 Profitability Ratios: 1. PBIT Ratio Formula: PBIT Ratio = EBIT/Sales PBIT Ratio of TCS: For 2012: 13945. 54/48893. 83 =0. 285 For 2011: 11047. 1/37324. 51 =0. 959 PBIT Ratio of Tech Mahindra: For 2012: 7494/52430 =0. 1429 For 2011: 9173/49655 =0. 1847 2. PBT Ratio: Formula: PBT Ratio = EBT/Sales PBT Ratio of TCS: For 2012: 13923. 31/48893. 83 =0. 284 For 2011: 11020. 62/37324. 51 =0. 2952 PBT Ratio of Tech Mahindra: For 2012: 5790/52430 =0. 1104 For 2011: 8060/49655 =0. 1623 3. PAT Ratio: Formula: PAT Ratio= EAT/Sales PAT Ratio of TCS: For 2012: 10413. 4/48893. 83 =0. 212 For 2011: 9068. 04/37324. 51 =0. 242 PAT Ratio of Tech Mahindra: For 2012: 4606/52430 =0. 0878 For 2011: 6967/49655 =0. 1403 4. ROA Ratio: Formula: ROA Ratio= EBIT/ Total Asset ROA Ratio of TCS: For 2012: 13945. 4/41394. 49 =0. 336 For 2011: 11047. 1/32681. 04 =0. 338 ROA Ratio of Tech Mahindra: For 2012: 7494/63454 =0. 118 For 2011: 9173/60804 =0. 15 5. ROE Ratio: Formula: ROE Ratio= EAT/Stockholder’s Equity ROE Ratio of TCS: For 2012: 10413. 4/29840. 13 =0. 348 For 2011: 9068. 04/24651. 22 =0. 367 ROE Ratio of Tech Mahindra: For 2012: 4606/34369 =0. 134 For 2011: 6967/33810 =0. 206 Analysis of Ratios: Liquidity Ratios: Ratio| TCS| Tech Mahindra| | 2012| 2011| 2012| 2011| Current Ratio| 2. 224| 2. 3511| 1. 16475| 1. 20379| Quick Ratio| 2. 2223| 2. 347| 1. 16463| 1. 20339| Cash Ratio| 0. 5736| 0. 648| 0. 081| 0. 126|Ideal current ratio is 2:1. In case of TCS in both years current ratio is almost equal to it. It means company has just the adequate amount of current assets. In case of Tech Mahindra, Current ratio is less than it in both the years. But it is still greater than 1:1. So the company still has sufficient assets to pay its short term obligations. Quick assets means current assets – inventory – prepaid exp. So, it is more conservative measure. Ideal quick ratio is 1:1. It shows that TCS and Tech Mahindra have very less current investments in terms of inventories and prepaid expenses so the ratios are almost equal to the current ratios.Cash ratio is most conservative measure of three as it comprises only cash and marketable securities. TCS keeps more current assets in cash than Tech Mahindra. Leverage Ratios: Ratio| TCS| Tech Mahindra| | 2012| 2011| 2012| 2011| Debt – Assets ratio| 0. 0028| 0. 00 21| 0. 177| 0. 194| Debt To Equity Ratio| 0. 003| 0. 002| 0. 327| 0. 349| Interest Coverage Ratio| 627. 32| 417. 18| 7. 3112| 8. 2416| Total Debt Ratio| 0. 00375| 0. 0027| 0. 2425| 0. 259| Analysis of a firm’s capital structure is essential to evaluate its long-term risk and return prospects. Debt – assets ratio implies portion of total debt in capital structure of a company.The more this ratio is the more risky company is because cost of debt is always greater than cost of equity. So, it is preferred to have more amount of equity than debts. For both TCS and Tech Mahindra, debt ratio is good enough though TCS has better debt ratio. Interest coverage ratio measures the protection available to creditors as the extent to which earnings available for interest cover interest expenses. In case of both companies in both years debt holders are secured as enough profit is available with firm but in case of TCS debt holders are very much secured.Payment of interest on debenture s is always preferred to payment of dividends on equity and preference shares. Activity ratios: Ratio| TCS| Tech Mahindra| | 2012| 2011| 2012| 2011| Inventory Turnover Ratio| 1992. 04| 1179. 132| 23319| 7143. 5| Receivable’s Turnover Ratio| 4. 244| 4. 554| 4. 217| 5. 149| Payable Turnover Ratio| 10. 89| 10. 46| 9. 956| 14. 126| Fixed Assets turnover Ratio| 7. 44| 6. 85| 6. 430| 7. 5143| Total Assets Turnover ratio| 1. 18| 1. 142| 0. 826| 0. 816| Activity ratios describe the relationship between the firm’s sales/cost of goods sold and the assets needed to sustain operating activities.The higher the ratio, the more efficient the firm’s operations as relatively fewer assets are required to maintain a given level of operation. Inventory turnover ratio measures the efficiency of the firm’s inventory management. A higher ratio means inventory does not remain in warehouses for long time. In both years Tech Mahindra has higher ratio than TCS has. Since both are s oftware companies, need for inventory is very less. Hence the ratios are so high. Receivable turnover ratio measures the efficiencies of the firms credit policies and indicate the level of investment in receivables needed to maintain the firm’s sales level.The higher this ratio, the lesser the period in which debtors pays money. Its almost similar for both the companies for 2011-12. For 2010-11, Tech Mahindra is slightly ahead in comparison to TCS in this parameter . It implies that Tech Mahindra gives credit to its customer for lesser time period than TCS does. In 2010-11 average credit time given by TCS is 365/4. 554=80 days approx. while by Tech Mahindra is 365/5. 149=70 days. Payable turnover ratio implies the time duration after which company makes payments to its creditors. The higher ayable turnover ratio, the earlier company makes payments to its creditors. TCS’s payable turnover ratio is slightly better than that of Tech Mahindra in 2011-12. For 2010-11, Tech Mahindra has better payable ratio than TCS as it makes payment to its creditors earlier. Fixed assets turnover ratio measures the efficiency of long-term investment. This ratio reflects the level of sales generated by investment in production capacity and shows the efficiency level of fixed assets. The higher this ratio means more productive and efficient are fixed assets or long-term investments.From table it is clear that investments of TCS are slightly more productive than of Tech Mahindra for 2011-12 but it was reverse by almost the same amount for 2010-11. Total assets turnover ratio considers total assets instead of only current assets so; it measures overall efficiencies of all assets (current fixed). TCS has a better ratio than Tech Mahindra has. Profitability Ratios: Ratio| TCS| Tech Mahindra| | 2012| 2011| 2012| 2011| PBIT Ratio| 2. 224| 2. 3511| 0. 1429| 0. 1847| PBT Ratio| 0. 284| 0. 2952| 0. 1104| 0. 1623| PAT Ratio| 0. 212| 0. 242| 0. 0878| 0. 1403| ROA| 0. 336| 0. 338 | 0. 118| 0. 150| ROE| 0. 48| 0,367| 0. 134| 0. 206| This is the most important ratio because both shareholder’s and stakeholder’s profit/gain depends on profitability of company. These ratios measures profitability in terms of % of sales. Debenture holders are much concerned about PBIT(profit before interest and tax) as they are paid interest out of it, government is more concerned about PBT(profit before tax) as it charge tax on this profit, shareholders are more concerned about PAT(profit after tax) as they are paid dividends on the basis of it. For both the companies there is a little change in these ratios over the previothemyear.Also profitability of TCS is more than Tech Mahindra. ROA measures the management’s ability and efficiency in using the firm’s assets to generate profits and it reports the total return accruing to all providers of capital(debt and equity) while ROE considers amount available for distribution to shareholder’s. Both RO A and ROE are undoubtedly better for TCS than those of Tech Mahindra. TCS is giving superb rate of return on equity to its shareholders as 33-34 % in last two years while that for Tech Mahindra is 15-17%. The relationship between ROA and ROE reflects the firm’s capital structure. 2. Horizontal, Vertical and Trend Analysis Items selected For horizontal, vertical and trend analysis are: Items | TCS| Tech Mahindra| | 2012| 2011| 2012| 2011| Shareholder’s Fund| 29579. 23| 24504. 81| 34432| 33840| Inventory| 17. 77| 22. 82| 2| 6| Fixed Assets| 6564. 97| 5440. 98| 8153| 6608| Cash and bank balance| 6003. 47| 4700. 85| 1389| 1938| Creditors| 3247. 87| 2572. 33| 4684| 3034| Debtors| 11520. 35| 8194. 97| 12431| 9643| Total assets/liabilities| 41394. 49| 32681. 04| 63454| 60804| Vertical Analysis: In vertical analysis Auditors calculate portion of one item in total assets/liabilities in terms of percentages.Items | TCS| Tech Mahindra| | 2012| 2011| 2012| 2011| Shareholderâ€℠¢s Fund| 71. 45| 74. 98| 54. 26| 55. 65| Inventory| 0. 042| 0. 069| 0. 003| 0. 009| Fixed Assets| 15. 85| 16. 64| 12. 848| 10. 86| Cash and bank balance| 14. 5| 14. 38| 2. 18| 3. 18| Creditors| 7. 846| 7. 871| 7. 381| 4. 9| Debtors| 27. 83| 25. 07| 19. 59| 15. 85| Horizontal Analysis: In horizontal analysis Auditors calculate % change in an item over a base year. Here Auditors are considering 2009-10 as base year and will calculate % change. Items| TCS| Tech Mahindra| | 2012| 2011| 2012| 2011| Shareholder’s Fund| 95. 29| 100| 97. 50| 100|Inventory| 60. 87| 100| 33. 33| 100| Fixed Assets| 95. 25| 100| 118. 30| 100| Cash and bank balance| 100. 83| 100| 68. 55| 100| Creditors| 99. 68| 100| 150. 63| 100| Debtors| 111. 01| 100| 123. 59| 100| Trend Analysis: For TCS: For Tech Mahindra: 3. Suggestions: i. Creditors: Since the debt ratios are less, there is a lot of assets and equity backing for the debts. It’s a safe bet to lend to both of these companies. ii. Banks and Finan cial institutions : Interest Coverage ratio is high. So lending to these companies is a safe thing to do. (More so to TCS which has excellent Interest Coverage Ratio) iii.Investors: Both the companies have high ROE. So it’s a good option to invest in them. Returns of TCS are as high as 34-36% while that of Tech Mahindra are 15-17%. iv. Government: Tax benefits can be tightened a bit. Because with the proportion of sales tax appears to be less. PBT and PAT ratios for both the companies are almost equal. v. Management: Crediting policies should be changed a bit. Because software industry being a intangible industry can’t rely much on low recievables turnover ratio. 4. Accounting Policies TCS Fixed Assets Fixed assets are stated at cost, less accumulated depreciation / amortization.Costs include all expenses incurred to bring the asset to its present location and condition. Fixed assets exclude computers and other assets individually costing ` 50,000 or less which are not capitalized except when they are part of a larger capital investment program. Depreciation / Amortization Depreciation / amortization on fixed assets, other than freehold land and capital work-in-progress is charged so as to write-off the cost of assets, on the following basis: Type of asset Method Rate / Period Leasehold land and buildings Straight line Lease period Freehold buildings Written down value 5%Factory buildings Straight line 10% Leasehold improvements Straight line Lease period Plant and machinery Straight line 33. 33% Computer equipment Straight line 25% Vehicles Written down value 25. 89% Office equipment Written down value 13. 91% Electrical installations Written down value 13. 91% Furniture and fixtures Straight line 100% Intellectual property / distribution rights Straight line 24 –60 months Rights under licensing agreement Straight line License period Fixed assets purchased for specific projects are depreciated over the period of the project. InvestmentsLo ng-term investments are stated at cost, less provision for other than temporary diminution in value. Current investments, except for current maturities of long term investments, comprising investment in mutual funds are stated at the lower of cost and fair value. Inventories Raw materials, sub-assemblies and components are carried at the lower of cost and net realisable value. Cost is determined on a weighted average basis. Purchased goods-in-transit are carried at cost. Work-in-progress is carried at the lower of cost and net realisable value. Stores and spare parts are carried at cost, less provision for obsolescence.Finished goods produced or purchased by the Company are carried at lower of cost and net realisable value. Cost includes direct material and labtheir cost and a proportion of manufacturing overheads. Tech Mahindra Fixed Assets including intangible assets: Fixed assets are stated at cost less accumulated depreciation. Costs comprise of purchase price and attributable c osts, if any. Depreciation / amortization of fixed assets: (i) The Company computes depreciation of all fixed assets including for assets taken on lease using the straight line method based on estimated useful lives.Depreciation is charged on a pro rata basis for assets purchased or sold during the year. Management’s estimate of the useful life of fixed assets is as follows: Buildings 28 years Computers 3 years Plant and machinery 5 years Furniture and fixtures 5 years Vehicles 3-5 Years Office Equipments 5 years (ii) Leasehold land is amortised over the period of lease. (iii) Leasehold improvements are amortised over the period of lease or expected period of occupancy whichever is less. (iv)Intellectual property rights are amortised over a period of seven years. (v) Assets costing upto Rs 5,000 are fully depreciated in the year of purchase. vi)The cost of software purchased for internal use is capitalized and depreciated in full in the month in which it is put to use. Invest ments: Long term investments are carried at cost. Provision is made to recognise a decline other than temporary in the carrying amount of long term investment. Current investments are carried at lower of cost and fair value. Inventories: Components and parts: Components and parts are valued at lower of cost and net realizable value. Cost is determined on First-In-First Out basis. Finished Goods: Valued at the lower of the cost or net realisable value. Cost is determined on First-In-First Out basis. . ) Key Highlights TCS a. ) Auditor’s Report 1. Auditors have audited the attached Consolidated Balance Sheet of TATA CONSULTANCY SERVICES LIMITED (â€Å"the Company†) and its subsidiaries (collectively referred as â€Å"the TCS Group†) as at March 31, 2012,the Consolidated Statement of Profit and Loss and the Consolidated Cash Flow Statement for the year ended on that date, both annexed thereto. These financial statements are the responsibility of the Company’ s management and have been prepared by the management on the basis of separate financial statements and other financial information regarding components.Their responsibility is to express an opinion on these financial statements based on their audit. 2. Auditors conducted their audit in accordance with the auditing standards generally accepted in India. Those Standards require that Auditors plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.An audit also includes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall financial statement presentation. Auditors believe that their audit provides a reasonable basis for their opinion. 3. Auditors did not audit the financial statements of certain subsidiaries whose fina ncial statements reflect total assets (net) of ` 4825. 13 crores as at March 31, 2012, total revenues of ` 7601. 89 crores and net cash inflow amounting to ` 514. 17 crores for the year ended on that date.These financial statements and other financial information has been audited by other auditors whose reports have been furnished to us, and their opinion in so far as it relates to the amounts included in respect of these subsidiaries is based solely on the report of other auditors. 4. Auditors report that the consolidated financial statements have been prepared by the Company’s management in accordance with the requirements of the Accounting Standard (AS) 21, Consolidated Financial Statements prescribed by the Central Government under Section 211 (3C) of the Companies Act, 1956 and other recognized accounting practices and policies. 5.Based on their audit and on consideration of the separate audit reports on the individual financial statements of the Company and the aforesai d subsidiaries and other financial information of the components, and to the best of their information and according to the explanations given to us, Auditors are of the opinion that the attached consolidated financial statements give a true and fair view in conformity with the accounting principles generally accepted in India: (i) in the case of the Consolidated Balance Sheet, of the state of affairs of the TCS Group as at March 31, 2012; (ii) in the case of the Consolidated Statement of Prof t and Loss, of the profit of the TCS Group for the year ended on that date; and (iii) in the case of Consolidated Cash Flow Statement, of the cash flows of the TCS Group for the year ended on that date. b. ) Management Discussion The Company’s strategy to support longer term growth is to continually extend the core IT services business by expanding its geographic reach, industry coverage and service capabilities and by deepening existing client elationships, building or acquiring emergi ng businesses and adopting or creating new business models and business solutions. Risks The Company has put in place an Enterprise-wide Risk Management (ERM) programme based on the Committee of Sponsoring Organisations of the Treadway Commission (COSO) framework. Reports are placed before the Board of Directors at regular intervals. The risk management process is continuously improved and adapted to the changing global risk scenario. The agility of the risk management process is monitored and reviewed for appropriateness with the changing risk landscape. The process of continuous evaluation of risks includes taking stock of the risk landscape on an event driven as well as quarterly basis.The risk categories covered under the ERM programme includes strategic, operational and financial as well as compliance-related risks across various levels of the organisation. This includes risk assessment and mitigation at the company level, business / functional unit level, relationship level an d project level. c. ) Corporate Governance Effective corporate governance practices constitute the strong foundations on which successful commercial enterprises are built to last. These practices are categorised through principle based standards and not just through a framework enforced by regulation. It develops through adoption of ethical practices in all of its dealings with a wide group of stakeholders encompassing regulators, employees, shareholders, customers and vendors.Strong leadership and effective corporate governance practices have been the Company’s hallmark and it has inherited these from the Tata culture. The Company will continue to focus its resources, strengths and strategies to achieve its vision of becoming a truly global leader in software services, while upholding the core values of excellence, integrity, responsibility, unity and understanding, which are fundamental to the Tata companies. By combining ethical values with business acumen, globalisation w ith national interests and core business with emerging business, the Company aims to be amongst the largest and most respected global organisations. The Company elieves in adopting the ‘best practices’ that are followed in the area of corporate governance across various geographies. The Company has a strong legacy of fair, transparent and ethical governance practices. The Company has adopted a Code of Conduct for its employees including the Managing Director and the Executive Directors. In addition, the Company has adopted a Code of Conduct for its Non-Executive Directors. Both these codes are available on the Company’s website. The Company’s corporate governance philosophy has been further strengthened through the Tata Business Excellence Model, the Tata Code of Conduct for Prevention of Insider Trading, as also the Code of Corporate Disclosure Practices.The Company has in place an Information Security Policy that ensures proper utilisation of IT resource s. The Company is in compliance with the requirements stipulated under Clause 49 of the Listing Agreements entered into with the Stock Exchanges with regard to corporate governance. Tech Mahindra a. ) Auditors’ Report The audit was conducted in accordance with the auditing standards generally accepted in India. Those Standards require that auditors plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and the disclosures in the financial statements.An audit also includes assessing the accounting principles used and the significant estimates made by the Management, as well as evaluating the overall financial statement presentation. Auditors believe that their audit provides a reasonable basis for their opinion. (a) Auditors have obtained all the information and explanations which to the best of their knowledge and belief w ere necessary for the purposes of their audit; (b) In their opinion, proper books of account as required by law have been kept by the Company so far as it appears from their examination of those books; (c) The Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement dealt with by this report are in agreement with the ooks of account; (d) In their opinion, the Balance Sheet, the Statement of Prof t and Loss and the Cash Flow Statement dealt with by this report are in compliance with the Accounting Standards referred to in Section 211(3C) of the Companies Act, 1956; (e) In their opinion and to the best of their information and according to the explanations given to them, the said accounts give the information required by the Companies Act, 1956 in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India: (i) In the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2012; (ii) In the case of the Statement of Profit and Loss, of the profit of the Company for the year ended on that date and (iii) In the case of the Cash Flow Statement, of the cash flows of the Company for the year ended on that date. b. ) Management Discussion Opportunities Growth in Emerging MarketsCompared to the subdued growth expected in developed markets, emerging markets will continue to drive relatively higher growth due to new spectrum licensing, migration to direct to home platforms, broadband penetration, focus on value added services and conducive regulatory environment. This will create opportunities for the software service providers who can assist operators in achieving their business objectives in these areas. Moreover, as the developing world focuses on shift of Mobility, it may bring in huge investments in this area which could create opportunities for companies like Tech Mahindra. Legacy to Next Generation IT transformationTelecom is a dynamic and evolving indus try with high focus on consumers’ changing demands. Service providers around the globe, on the back of dropping legacy revenues and high costs, are looking to transform their clients’ legacy platforms into next generation platforms. This will enable clients to optimize their product portfolio, and rationalize the costs associated with running the systems. These transformation initiatives will lead to outsourcing opportunities. Tech Mahindra has been at the forefront of helping its clients transform their businesses in line with the changing global telecom environment. Increased scope of outsourced activitiesAccess to talent and cost optimization is the key driver for outsourcing. Telecom service providers are adopting several outsourcing strategies to benefit from off shoring. One of the trends is services which traditionally were done in house are now being included in the scope of global sourcing. In the network domain, network outstheircing provides an opportunity f or wide range of services like field services, maintenance & support, E2E implementations and network infrastructure management. Managed services deals to cover network legacy systems have been tried in the mature markets and a similar trend will continue for the coming years. Adoption of Next Generation TechnologiesThe telecom industry continues to adapt and evolve with new technologies and new ways to communicate. Successive waves of new technology in wire-line, wireless and IP domains have been sweeping the industry landscape. The Telecom industry is also altering to cope up with the changing needs and behavitheir of consumers and increased competition. Customers believe in convenience, choice of services, responsiveness and cost as important parameters to choose their service provider. Success in current business environment is characterized by the ability to adapt to the higher user expectations on the one hand and a rapidly changing technology environment on the other.As mobil e broadband penetration expands, quick monetization has become a strategy of paramount importance for telecom service providers. Service providers are now focusing on providing solutions to enterprises by enabling their applications to be accessed via mobile platforms such as smart phones and tablets. With the growth in social network media across the world, coupled with higher broadband penetration, users have been voicing their views about quality of services. Analysis of user sentiments on such social networks, within limits of privacy laws, is another area where there has been a growth in demand. Threats Reduction in Telecom Spending The global economy is going through turbulent times and most companies are reacting to the increased volatility.Though cash-rich, telecom companies have turned cautious due to the challenging macroeconomic environment. The decisions cycles on new discretionary spend are prolonged. The service providers continue to focus on reducing costs by adopting measures such as optimizing IT Spend and postponing investments. Such cost-saving measures could have an adverse impact on outsourcing. Global IT companies posing challenge with growing India presence Global IT service providers such as Accenture, HP, CapGemini and IBM are expanding their presence in India and pose a challenge to Indian IT service companies with their global client relationships, deep pockets and domain knowledge. Risks High customer concentrationIn FY 2012, revenues from the leading client, top 5 and top 10 clients account for 37%, 68% and 78% respectively. Though customer concentration has been declining over the years, loss of any of these clients could have a material adverse impact on their revenue and profitability. After Mahindra Satyam’s merger with the Company customer concentration will reduce significantly. Withdrawal of tax benefits In the past Auditors benefited from certain income tax incentives under Section 10A of the Income Tax Act (for the IT services that Auditors provide from specially designated â€Å"Software Technology Parks† or STPs) and also from Section 10AA of the Income Tax Act (for the IT services Auditors render from units set up in SEZs).As a result of these incentives, their operations in India have been subject to relatively low tax liabilities. The income tax benefits available to STP units have been discontinued from 1st April 2011. As this withdrawal was foreseen, the Company decided to set up facilities in SEZ units at various locations as the units set up in SEZ area would continue to provide them with tax benefits similar to those in STPs. Auditors commenced operations in SEZ units at Hinjewadi Pune, Chennai, Kolkata and Chandigarh. Additional units are coming up at Noida. But despite this, tax incidence will increase over the previous years due to withdrawal of Section 10A benefits.In addition, there is no assurance that the Indian government will not enact laws in the future that would ad versely impact tax incentives further and consequently, their tax liabilities and profits. When their tax incentives expire or are terminated, their tax expense will materially increase, reducing their profitability. Exchange rate risks The exchange rate between the Indian Rupee and the British Pound and the Rupee and the U. S. Dollar has fluctuated widely in the recent past and may continue to fluctuate significantly in the future. The average value of the Rupee for the FY 2011-12 against the British Pound appreciated by approx 7. 7% and against U. S. Dollar by approximately 4. 4% for the FY 2010-11.Accordingly, their operating results have been and will continue to be impacted by fluctuations in the exchange rate of the Indian Rupee with the British Pound, the U. S. Dollar along with other foreign currencies. Any strengthening of the Indian Rupee against the British Pound, the U. S. Dollar or other foreign currencies, as witnessed in the last year, could adversely affect their pro fitability. c. ) Corporate Governance Report The Company believes that Corporate Governance is a set of guidelines to help fulfill its responsibilities to all its stakeholders. It is a voluntary code of self-discipline to ensure that the Company abides by highest ethical standards. In line with this philosophy, the Company follows healthyCorporate Governance practices and has been reporting the same in annual report even before the Company was listed in August 2006. Board of Directors: The Composition of the Board is in total conformity with Clause 49 of the Listing Agreement, as amended from time to time. The Company has a balanced mix of eminent executive, non-executive and independent directors on the Board. The total strength of the Board of Directors is eleven. The Company has a Non-executive Chairman, who is a professional Director in his individual capacity and belongs to the Promoter Group and the number of independent directors is seven which is more than half of the total strength of the Board as required by the provisions of the Listing Agreement.The number of Non-Executive Directors is ten which is more than 50% of the total number of Directors. The Company is managed by the Vice Chairman & Managing Director and the Management Team. The Board reviews and approves strategy and oversees the performance to ensure that the long term objectives of enhancing stakeholder value are met. The Independent Directors and the Senior Management have made disclosures to the Board confirming that there are no material financial and/or commercial transactions between them and the Company which could have potential conflict of interest with the Company at large. The Board meets at least four times a year and the maximum gap between two meetings is not more than four months.During the year 2011-12, six meetings of the Board of Directors were held on 20th April 2011, 26th May 2011, 12th August 2011, 15th November 2011, 8th February 2012 and 21st March 2012. Agenda for the Board Meetings containing all necessary information / documents is made available to the Board in advance to help the Board to discharge its responsibilities effectively and take informed decisions. In some instances, documents are tabled at the meetings and the concerned manager also makes presentations to the Board or Committees. None of the Directors on the Board is a member in more than 10 committees or acts as a Chairman of more than 5 committees across all companies in which he is a director.The directors of the Company are not inter se related. CEO / CFO Certification As required under Clause 49 V of the Listing Agreement with the Stock Exchanges, a Certificate on the Financial Statements for the financial year ended on 31st March, 2012 has been given to the Board of Directors by the Vice Chairman & Managing Director and the Chief Financial Officer of the Company. Code of Conduct All the Directors and senior management personnel have affirmed compliance with the Code of C onduct/ Ethics as approved and adopted by the Board of Directors and a declaration to that effect signed by the Managing Director. The Code has been posted on the Company’s website – www. techmahindra. om Policy for prohibition of Insider Trading In compliance with the provisions of SEBI (Prohibition of Insider Trading) Regulations, 1992, (as amended from time to time) and to preserve the confidentiality and prevent misuse of unpublished price sensitive information, the Company has adopted a policy for prohibition of Insider Trading for Directors and specified employees of the Company, relating to dealing in the shares of the Company. This policy also provides for periodical disclosures from designated employees as well as pre-clearance of transactions by such persons. Whistle Blower Policy The Company has a Whistle Blower Policy in place.In terms of this policy, all employees are encouraged to report any instance of unethical behaviour, fraud, violation of the Company ’s Code of Conduct or any behaviour which may otherwise be inappropriate and harmful to the Company. The policy provides a mechanism for employees to raise concerns that relate to violation of the Code of Conduct, Accounting, Internal Controls, Auditing Matters and applicable national and international laws including statutory / regulatory rules and regulations. This policy has been communicated to all employees and has been posted on the Company’s Intranet for ready access. Risk Management: The Company has a well-defined risk management framework in place. The risk anagement framework adopted by the Company is discussed in detail in the Management Discussion and Analysis section of this Annual Report. The Company has established procedures to periodically place before the Board, the risk assessment and minimization procedures being followed by the Company and steps taken by it to mitigate these risks. 6. ) Share Prices Analysis Share Prices of TCS as on 29th August ar e nearly Rs 1352. 90. It has increased from approximately Rs 954 to Rs 1352. 90. Share prices have been on the increase in the last year. According to the price movements and ratios calculated it is a very good buy. Share Prices of Tech Mahindra as on 29th August are nearly Rs 875. 80.It has increased from approximately Rs 617 to Rs 875. 80. Share prices have been on the increase in the last year. According to the price movements and ratios calculated it is a good buy. Comparing both together TCS is a better buy. 7. ) Key Improvement Areas and Ratings a. ) Key Improvement Areas Both should try to reduce their debtors. Tech Mahindra should increase its volume of current assets. Rest both the companies are high performing companies as seen by the analysis and share prices. b. ) Rating TCS is better than Tech Mahindra as the ratios are fairly better for it. Also from investment point of view share prices and ROE has been better for TCS. Also profitability of TCS is higher.

The Gospel of Luke

The Gospel of Luke like the other three Gospels depicts the life, teachings, death and the resurrection of Jesus of Nazareth. This is the largest of the four Gospels. The Gospel opens with a salutation to Theophilus and proceeds to tell the story of the appearance of Angel Gabriel to Zachariah, whose wife Elizabeth did not have the ability to bear a child. The Angel announces to Zachariah that his wife will bear a child and that â€Å"he will bring back many people of Israel to the Lord their God. He will go as God’s messenger, strong and mighty like the prophet Elijah. He will bring fathers and children again; he will turn the disobedient people back to the way of thinking of the righteous; he will get the Lord’s people ready for him†. The dumb founded Zachariah could not believe the words of the Angel Gabriel. Zachariah was spending a long time in the Temple and when he came out he could not speak. He was punished with the dumbness till the miracle was realized by him. People knew that he had seen a vision in the Temple since he was making signs to them with his hands and unable to say a word. Gabriel then appears before Mary, who was promised in marriage to Joseph and proclaims that the Holy Spirit will come on her and she will give birth to a son who is to be named Jesus. He adds that â€Å"He will be great and will be called the Son of the Most High God† and that the Lord God will make him a king, as his ancestor David was, and he will be the king of the descendants of Jacob for ever and his kingdom will never end†. After a few months Mary visited her cousin Elizabeth, and when Mary greeted her, the baby in Elizabeth’s womb â€Å"jumped with gladness†. In due course Elizabeth gave birth to a baby boy and he was circumcised and named John. Zachariah regained his speech at that time, as he was filled with the Holly Spirit. The baby grew up into John the Baptist. Joseph and Mary went to Becklehem to register their names for the census and ordered by Emperor Augustus. There Mary gave birth to Jesus and laid him in the manger. An Angel announced the birth of Christ to the shepherds. The shepherds visited the Holy Baby and spread the word around. The baby was named Jesus, as preordained, was circumcised, and was taken for the ceremony of purification. There Simeon, a God-fearing man, filled with Holy Spirit, held the baby in his hand and praised the Lord for bringing glory to the people of Israel. When Jesus was twelve years old his parents took him for the Passover ceremony as usual, but that year he did not return with his parents, and stayed back in the temple, with the Jewish teachers listening carefully, and asking intelligent questions. Jesus grew into a boy of great wisdom. While Herod was the ruler of Galilee, John the Baptist was appealing to the people to turn away from their sins and to get baptized. He also preached the Good News that one much greater than him is coming to baptize them with the Holy Spirit. He also spoke critically of Governor Herod and subsequently became imprisoned. When Jesus was about thirty years old the power of the Holy Spirit started radiating from him very powerfully and he was revered and praised by all. The Devil tried his level best to tempt Jesus through many tricks, but Jesus did not succumb to any of the tricks. But when Jesus went to Nazareth to read from the scriptures, He was not appreciated there. There is a saying that the darkest place is under the candle. Nazareth was the place where Jesus had been brought up. Yet people failed to recognize the Holy Spirit emanating from Him. The power embedded in Jesus started performing miracles. At Capernaum, a town in Galilee, He drove away the evil Spirit that had possessed a man. He cured the high fever of Simon’s mother-in-law. Learning about His miraculous powers, sick people started flocking to Jesus. A touch by his hand cured every one of them. He cured a leper of his leprosy. Once a paralyzed man was carried on a bed and brought to Jesus. He told the man that â€Å"your sins are forgiven you, my friend†. The listeners were puzzled by this, thinking that only god can forgive sins. They thought Jesus was impersonating God. The paralyzed man walked back home. Jesus was unconventional in many of his acts. He kept company with outcasts, supported and eating on Sabbath days, and even cured the crippled hand of a man on a Sabbath day. Gradually anger hatred and fear started building up against Jesus among the Pharisees and the teachers of law. Jesus went on healing and teaching the people who flocked to him. He even breathed life into a dead man. He assured the poor and the sorrow-stricken that there is a great reward awaiting them in Heaven. He taught them to shun violence. He spread the gospel of love. He warned people against judging others. Through powerful parables Jesus started driving great ideas into the minds of the people. As time passed, the number of miracles performed by the spiritual power of Jesus grew unbelievably. The fisherman who could not net any fish in spite of a hard day’s labor, caught netfuls of fish at the order of Jesus. A mob of evil spirits had been driven away from a possessed man into a group of swine. He calmed a storm in the ocean with a single command. A woman who had been sick for twelve days touched the robe of Jesus and got cured instantly. He raised from death the daughter of Jairus. Once He fed a crowd of five thousand with just five loaves of bread and two fish. Jesus had gathered His disciples from among the fisherman. He gave them power and authority to drive out demons and to cure diseases. In due course of time He told His disciples about His impending death and resurrection. He recruited more disciples and sent seventy two of them to different towns with the message of God’s love. To the skeptical teacher of law, He gave the parable of the Good Samaritan. He advised the Pharisees to keep their minds clean and worthy. He even told them that they â€Å"are like unmarked graves which people walk on without knowing it. † When one of the teachers of the law protested saying that Jesus was insulting them, Jesus accused them of holding the keys to the house of knowledge, neither themselves going in, nor allowing anybody else to go in. This infuriated the teachers and they wanted to wreak vengeance on Him. In the meanwhile Jesus went on enriching the peoples’ minds through the parables of the Yeast, Mustard Seed, the Narrow Door, the Unfruitful Tree, Faithful and the Unfaithful Servant, the Great Feast, Worthless Salt, the Lost Sheep and many more. His healing miracles continued as ever. He taught the people that the kingdom of God is within themselves. He reminded them that it is harder for a rich man to enter the Kingdom of God than for a camel to go through the eye of the needle. Jesus drove the merchants from the Temple, and warned people to watch out for the Teachers of Law who take advantage of the weak. They wanted to kill Jesus and finally Judas under the devil’s influence agreed to betray Christ. During the Feast of the Unleavened Bread, Jesus broke the bread and gave it to His disciples saying that it was His body, and gave them the wine as new covenant sealed with His blood. He added that â€Å"the one who betrays me is here at the table with me†. Jesus also predicted the denial of Peter. Jesus was arrested after being kissed and identified by Judas, and Peter three times denied knowledge of Him, as predicted by Jesus. The elders of the Jews, the teachers and the Chief Priests asked Him if He was the â€Å" Son of God â€Å" and He answered â€Å" you say that I am â€Å". For claiming Himself to be God, they decided to punish Him and took Him to Pilate. Pilate sent for Herod. Pilate told the crowd that he did not find Jesus guilty, but the crowd shouted that Jesus must be killed. He was nailed on the Cross along with two criminals. At Jesus’ death, noon turned into darkness, and the curtain in the Temple tore into two. His body was received by Joseph of Arimathea and some ladies who were with him and He was buried. But the third day Jesus resurrected, as He had foretold earlier. Jesus later appeared before His disciples and then was taken into heaven. Conclusion: The word Gospel literally means â€Å"Good News†. But the Gospels in the Bible are more than â€Å"Good News†. They belong to the genre of biography and historiography. As biography it races the birth, growth, crucifixion, and resurrection of Jesus. As historiography it draws a continuous line from the scriptures, from Abraham, through Moses, David, and Isaiah to the age of Jesus. The gospel of St. Luke, from another perspective, is the exposition of God. Its power as scripture is simply unique.

Charles Darwin And Imperialism Essays - Charles Darwin, Free Essays

Charles Darwin And Imperialism Essays - Charles Darwin, Free Essays Charles Darwin And Imperialism England went through dramatic changes in the 19th century. English culture, socio-economic structure and politics where largely influenced by the principles of science. Many social expressions occurred due to these changes. Transformations which categorized this time period could be observed in social institutions; for instance: the switch from popular Evangelicalism to atheism, emergence of feminism and the creation of new political ideologies (Liberalism, Conservatism and Radicalism). These are just a few of the changes that took place. All of this social alteration can be attributed to the importance of science. The English people began to trust more in empiricism and logical thought than in faith and glory of the empire . One who contributed greatly to this transformation was Charles Darwin. In his two most famous works, The Origin of Species and The Decent of Man, Darwin introduces the concept of "the survival of the fittest" and "natural selection". The Darwinian ideas introduced into English society justified a great number of political policies and social movements. England at the turn of the century was still a largest power in the international system. The English perceived, through the justification of Darwinism, they were fit to be the imperial hegemon in the world. The issue this essay will deal with is Imperialism and how Darwinism justified its practice. Darwin argued in his work, The Decent of Man, "When civilised nations come into contact with barbarians the struggle is short except where a deadly climate gives its aid to the native race. . . the grade of civilisation seems to be a most important element in success in competing nations."(Darwin, Decent of Man, p. 297). In this observation, Darwin connotated superiority to civilized nations. In this same work, he referred to the indigenous people as "savages, barbarians and tribal men". This immediately transfers a condescending attitude toward the "uncivilised people". Darwin classified them as tribes while the English and other Aryan cultures were a race. These claims of basic inequality gave the English the "jurisdiction" philosophically, to exploit the colonies to a greater level than previously attained. The drive to "Christianize" the colonies was abandoned, politically. The view shifted from "owing the primitive world" education and Christianity, to a more self-interested "we English are naturally better". Therefore, the we should be exploiting you, because, that is why you are here. Charles Darwin had a tremendous amount of influence on the scientific community and the English population. It can be seen that Darwinism played a large part in justifying the imperial behavior of England. Darwin's studies on nature and the behavior of animals had unlocked "Pandora's Box" in a manner of speaking. He studies reveal how close to nature humanity really is. The English empire quickly saw themselves as a dominant predatorial species of the world. In conclusion, the English empire used Darwinian concept to justify the on-going process of imperialism. Charles Darwin's ideas elevated the ego's of the English people to over-estimate themselves socially and globally. The affects of Darwinism can be seen throughout the spectrum of social interaction both in the animal kingdom and human society.

The Essay Experts Top 10 Lists of 2016

The Essay Experts Top 10 Lists of 2016 My blogging year would not be complete without the Essay Expert’s Top 10 Lists of 2016. Lists are so great aren’t they? Someone compiles stuff for us and we get to reap the rewards. Here are my faves from the past year, some looking back and some envisioning the future: Career Jobs 1. Top 10 Best Job Websites Whatever you think about this particular list, what strikes me about top 10 job site lists in general this year is that indeed.com seems to top all of them. Indeed.com enables you to search millions of job listings and is reportedly â€Å"user-friendly, uncluttered, and simple and easy to navigate.† If you’re going to use a job search engine, indeed.com is the one to use. Glassdoor is also a popular site for the information you can glean about companies that interest you. And I like that idealist.org made this list since it shows the non-profit sector is going strong. Finally, I like this list because LinkedIn is on it. I don’t need to elaborate on that do I? 🙂 2. Looking Ahead: 5 Top Job Trends to Watch in 2017 This white paper from Glassdoor, based on data from 2016, is enlightening as to what to look forward to in 2017. Predictions include more tech focus in all industries; a narrowing of the gender pay gap. 3. LinkedIn’s Top 10 Skills of 2016 I wrote a blog on this in October, and it bears repeating. While other skills than these will certainly get you hired in some industries, LinkedIn’s list points out a real trend. 4. The 25 Best Jobs of 2016 What do an orthodontist, accountant and nurse practitioner have in common? They’re all in the top 25 great jobs to have in 2016, or to look for in 2017, according to U.S. News World Report. (Why â€Å"resume writer† is not on the list I can’t tell you!) 5. 36 Top Experts on the Best Career Resolutions for 2017 Big themes in this list of wisdom from top career experts include the importance of networking, professional development, and self-awareness. Read the article to get some creative ideas – like checking out a website on whether your career might be automated – and start planning for your career future! Technology 6. The 15 most exciting new tech products launching in 2017 Looks like Google is giving Apple and Microsoft a run for their money. And will Samsung recover from their disastrous year with a â€Å"foldable† phone? Only time will tell. Why do I suddenly want one of everything? 7. 17 Tech Hacks That’ll Make You Feel Like a Boss From tricks for cleaning your keyboard to how to create a charging station out of a water bottle, these tech hacks have something for everyone to make life easier in 2017. I will definitely be implementing some of these ideas in the new year! Travel, World Books 8. 43 New York City Parking Holidays I wrote an article about the implications of so many holidays during the Jewish High Holidays this year. It seems 2017 will have just 43 special parking regulation days, not 45, which does not change my fascination with the list one bit. If you’re curious, take a look. I had not heard of some of these important days until viewing the list! 9. Best Trips from National Geographic Looking for a super-cool break from the daily grind? Here are some pretty amazing places to explore for a week, a month, or maybe a lifetime. 10. New Books to Sharpen Your Mind in 2017 I hope these non-fiction books come out on CD so I can â€Å"read† them in my car. I’m fascinated by most of these topics, from digital addictions to the power of meaning to why some ideas succeed and others fail. I’m excited to train my brain in the coming year. What are your favorite lists looking back on 2016 or forward to 2017? Please share! Save Save Save Save Category:BloggingBy Brenda BernsteinDecember 27, 2016

The Top 5 Jobs in Every Major Industry in the West

The Top 5 Jobs in Every Major Industry in the West if you’re looking for a career change (or a change of scenery!), here are some of the fastest-growing jobs for 2016 in the far-western part of the u.s., per the u.s. bureau of labor statistics. this region includes alaska, arizona, california, hawaii, idaho, nevada, oregon, and washington. this region is unique because it includes some of the most disparate states in the union- states don’t come much different than alaska and arizona. but what they have in common is that they’re  all seeing strong growth in core industries.1. tech industry: web developerâ€Å"if you build it, they will come.† okay, so that was technically a ghost in a cornfield telling kevin costner to build a baseball field. but it’s just as relevant for the american west, where the beating heart of the tech world lives in seattle and san francisco’s silicon valley. one of the hottest positions in the pacific region, according to the robert half tech blog, web developers w ill continue to be in demand. web developers design, create, and maintain websites for companies or personal clients. in addition to designing, they also manage the day-to-day tech aspects of the site and work in different programming languages to update the sites.web developers typically have an associate’s degree or higher to start. the median salary is $63,490, and the projected growth is strong at 27%.2. service industry: meeting, convention, and event plannertourism is a key industry in the west, particularly in hubs like las vegas. meeting, convention, and event planners are responsible for organizing large-scale events like conferences and company meetings. they manage staffs and coordinate details like food and lodging, locations, and transportation. event planners typically have a bachelor’s degree, and experience in hospitality is a valuable skill to have, as well.the median salary is $46,490, and the field is expected to grow by at least 10% in the coming ye ars.3. logistics industry: emergency management specialistin a region of the country unfortunately prone to earthquakes, fires, and other natural disasters, complete emergency preparedness is essential. emergency management specialists manage logistics related to emergency planning and training teams for future events.the median salary for this position is $52,590, and california and oregon are among the highest-paying states for emergency management specialists. the field is expected to grow between 6-10%.4. healthcare industry: occupational therapistoccupational therapists are an essential part of recovery after injury, and also work with patients who have chronic illnesses or disabilities. they create treatment plans that include everyday living skills to help patients recover or develop the ability to function. the standard level of education for occupational therapists is a master’s degree, with additional certification licensing generally required by states.the median s alary is $78,810, and the field is expected to grow by 27%.5. restaurant industry: chefwe live in a foodie nation these days, and chefs and cooks are often at the front of the innovation line, with eclectic dishes inspired by local and ethnic cuisines. chefs may work in the traditional restaurant setting, but you’ll increasingly find them in other places as well: private homes, pop-up kitchens, and various hospitality venues. on-the-job training is key for chefs. no specific degree is required, but many chefs and cooks opt for formal culinary school training, and all must meet local food handling guidelines.the median salary is $41,610, and the field is expected to grow by at least 10%.no longer the wild west of old, the western region of the u.s. is a major source of innovation in all areas- and the job scene is just as fast-paced.

Film Eassy Essay Example | Topics and Well Written Essays - 1250 words

Film Eassy - Essay Example This paper will analyze the movie that is titled Saving Private Ryan and show how different aspects of ideology were manifested in it. It is quite understandable that the majority of movies that feature the setting of the World War II engage the issue of Anti-Semitism. The movie in question is quite interesting since it shows that this ideology of making the Jews a victim is deeply corrupted. On the one hand, the directors were able to show that within the American soldiers there might be some that adhere to such views; however, they are openly criticized. For example, there was a fight shown between soldiers on the shop that was departing to Europe which started because one made some ironic statements about â€Å"sons of Abraham†. Indeed, this movie supports the common idea that Anti-Semitism could not have happened in the American society (Dinnerstein 229). On the other hand, when the German troops are shown, they are portrayed as extremely Anti-Semitic. For example, in one episode, one of the soldier, who was a Jew, finds a special knife in the pockets of a German soldier and suddenly realized how many people of his nationality were killed with similar knifes. In addition to that, when the German prisoners are being relocated, he shows them they his start of David pendant and screams at their face: â€Å"Juden!† (which is German for Jew), pointing at himself, suggesting that they were captured by a race that was so despised by them. Indeed, Anti-Semitism of the Germans in the World War II has been one of the significant themes for numerous movies. That is why there is no wonder that Saving Private Ryan engages it as well. Another important concept that is fundamental to the plot of the entire movie is application of Sole Survivor Policy. The latter is a rather controversial and one of the most debatable policies which were implanted by the United States government in the

Finance analysis Essay Example | Topics and Well Written Essays - 1500 words

Finance analysis - Essay Example As it is eminent through Figure 1, that return on assets as well as equity for ExxonMobil is much higher as compared to Shell’s, this is undoubtedly due to the fact that Shell’s profit margins are not even half of what Exxon earns. But the author also considers the fact that 11.80 % is not the half of 17.00 % which Exxon was able to attain. It is to be noted that the figures above only concern the year ending 2007, considering the fact that Exxon Mobil surpasses Shell in every manner here except for ‘Fixed Asset Turnover’, also considering that Exxon is a fundamentally stronger company than Shell the ‘fixed asset turnover’ wouldn’t be much of a hurdle. Although the author would like to place in some several very important facts here: The receivable days for Shell have decreased since the year 2005, when they were 79; but the receivable days for Exxon have increased from 27 to 33. Which is not a good sign for the company, but then again, there exist tremendous difference between the numbers 33 – 76. It seems Shell still has a long way to go. Similarly Shell has been able to decrease their credit period from 100 days in 2005 to just 93, as compared to Exxon’s which was 71 in 2005 and has increased to 83, so Shell is quite close on this one. It appears that Shell has conquered the liability / asset battle. Shell is officially ahead of Exxon on both the patterns of Liquidities, but not by far. Especially on the current ratio part which matters the most. Both the company’s are superbly maintaining their debt to equity ratios, as a matter of fact, if these figures go beyond this, the companies might set a new record and an example for other corporations; even attracting their jealousy. But considering their fundamentally sound position, this was eminent. Although, Exxon’s lead on Interest Coverage might prove to be a factor while considering dividends, as it processes out maximum dividends based on its Interest Coverage

Report Case Study Example | Topics and Well Written Essays - 750 words

Report - Case Study Example Business intelligence is a tool that combines all equipment needed by decision makers to come up with intelligent managerial decisions. This tool enables proper monitoring of important business information which includes market trends, competitor monitoring and ensuring proper firm strategies. House Depot needs to mend its business information and data acquiring methods in order to improve their business performance. House Depot needs to connect its various warehouses to ensure a network system enabling sharing of inventory information. The network to be setup depends on the proximity of the warehouses to one another (EC-Council 60). In this case that warehouses are not in close proximity to enable a LAN connection. WAN network connection is the best to use in House Depot scenario. The WAN network established should be secured using the VPN protocols. Using virtual private network will ensure security in the network (EC-Council 54). Bus topology should be used to connect the computers in the warehouses to enable a domesticated LAN network. Research is meant to find out different entities in the market. If House Depot were to find a freeware in the course of their research they cannot claim ownership of it. Claiming ownership would be a form of embezzlement or grabbing personalized software. Furthermore, there is very little chance of discovering functional software that is not patented. In order to boost their technological systems if House Depot was to invent its own operational software it should be within the bounds of the law to avoid any claim of plagiarism. Acquiring information from the original software developer about the bounds of their patent will enable a healthy development with the original developers. The software characteristics can also be merged and merger terms set for all software presidents. Patenting of the software developed by House

Discipline Investigation Essay Example | Topics and Well Written Essays - 1750 words

Discipline Investigation - Essay Example This discipline investigation helped me to understand the role of the project manager in an organization as a well as the requirements of the position. The paper will expand on the interviewee’s background, career path as well as his responsibilities and roles as a project manager in an organization. Interview Summary Background and Career Path The subject of the interview is called Dr Sridar, a senior project manager at Cisco Company. Dr Sridar has also taught at San Jose State University for over twelve years and worked for over six years at the Cisco Company. Initially, before joining the Cisco Company as project manager, Dr Sridar has served in various institutions. Sridar started as an ordinary employee in the company before working hard to attain an administrative position. Dr Sridar later became the assistant project manager in the company before becoming a full project manager. His past experiences gave him the required experience in dealing with issues that affect the project management department. ... Needed The 6 years experience in management position has proved to be effective in advancing Dr, Sridar’s experiences and competencies in his management roles. In his management responsibility, Dr. Sridar makes maximum use of past work experiences, skills, and competencies on information technology network management, Information technology project management and Information technology business intelligence. Dr. Sridar was motivated to work as a project manager in the Cisco Company by different conflicting reasons. To begin with, Dr. Sridar had over the years acquired adequate knowledge in business management. The management position in the Cisco Company gave Dr. Sridar an opportunity to do more research and learn more on business operations and management. Dr. Sridar is highly motivated by his desire to acquire more knowledge on information technology invention, and innovation. In his career path, Dr. Sridar’s interest to join Cisco Company as a project manager was mot ivated by his endless desire to work in a competitive and popular company in the country. However, despite being invited to work in big companies, Dr Sridar had a strong desire to work in the company. The interviewee’s current job was motivated by his personal initiative as well as his past knowledge and experience. Before joining the management position in the Cisco Company, one is expected to have certain essential skills, competencies, and experiences. A project manager in the Cisco Company is expected to have a post graduate degree in business management. The manager should also have the ability to conduct relevant and valuable research relevant in the company’s operations and goals. The Cisco Company’s project manager should have the interest and capability of arguing and thinking in a

Evidence Based Practice Article Example | Topics and Well Written Essays - 750 words

Evidence Based Practice - Article Example It was intended to identify the following issues at this moment divided into general objective and specific objectives under such subheadings. There exist modifiable and non-modifiable risk factors in addition to other factors contributing to the prevalence of Ventilated-Associated Pneumonia with modifiable risk factors being; education of personnel, surveillance and reporting, transmission prevention, and modification of host risks. It was realized that education of personnel regarding the ventilator-associated pneumonia reduction strategies reduces the incidence of the same (Coffin, 2008). It was found out that Surveillance and reporting of ventilator-associated pneumonia to certain extend help to track and identify the major causes of Ventilated-Associated Pneumonia. Vaccinations of all healthcare workers and high-risk peoples in the community is a priority in the prevention of community-acquired and healthcare-acquired pneumonias especially after it was realized that the prevention of transmission of pneumonia from person-to-person is a major modifiable risk factor that could be achieved by proper hand-washing and use of gloves and gowns. Modification of host risks was also found to reduce Ventilator-Associated Pneumonia. This includes; increasing host defenses against infection and prevention of aspiration, as well as the use of noninvasive positive-pressure ventilation. The latter was also found to help in reducing the incidence of Ventilator-Associated Pneumonia. It was also found that an oral intubation route is preferred over nasal intubation to prevent sinusitis and decrease the risk of contracting in most hospitals (OKeefe-McCarthy, 2008). Supporting and maintaining a patients head-of-bed angles at 30 to 45 degrees or higher could be a good preventative strategy against aspiration of gastric contents. This plus the use of turning or

Discipline Investigation Essay Example | Topics and Well Written Essays - 1750 words

Discipline Investigation - Essay Example This discipline investigation helped me to understand the role of the project manager in an organization as a well as the requirements of the position. The paper will expand on the interviewee’s background, career path as well as his responsibilities and roles as a project manager in an organization. Interview Summary Background and Career Path The subject of the interview is called Dr Sridar, a senior project manager at Cisco Company. Dr Sridar has also taught at San Jose State University for over twelve years and worked for over six years at the Cisco Company. Initially, before joining the Cisco Company as project manager, Dr Sridar has served in various institutions. Sridar started as an ordinary employee in the company before working hard to attain an administrative position. Dr Sridar later became the assistant project manager in the company before becoming a full project manager. His past experiences gave him the required experience in dealing with issues that affect the project management department. ... Needed The 6 years experience in management position has proved to be effective in advancing Dr, Sridar’s experiences and competencies in his management roles. In his management responsibility, Dr. Sridar makes maximum use of past work experiences, skills, and competencies on information technology network management, Information technology project management and Information technology business intelligence. Dr. Sridar was motivated to work as a project manager in the Cisco Company by different conflicting reasons. To begin with, Dr. Sridar had over the years acquired adequate knowledge in business management. The management position in the Cisco Company gave Dr. Sridar an opportunity to do more research and learn more on business operations and management. Dr. Sridar is highly motivated by his desire to acquire more knowledge on information technology invention, and innovation. In his career path, Dr. Sridar’s interest to join Cisco Company as a project manager was mot ivated by his endless desire to work in a competitive and popular company in the country. However, despite being invited to work in big companies, Dr Sridar had a strong desire to work in the company. The interviewee’s current job was motivated by his personal initiative as well as his past knowledge and experience. Before joining the management position in the Cisco Company, one is expected to have certain essential skills, competencies, and experiences. A project manager in the Cisco Company is expected to have a post graduate degree in business management. The manager should also have the ability to conduct relevant and valuable research relevant in the company’s operations and goals. The Cisco Company’s project manager should have the interest and capability of arguing and thinking in a

Organizational Ethics Research Paper Example | Topics and Well Written Essays - 750 words

Organizational Ethics - Research Paper Example The argument is based on the idea that some auto insurance companies refuse to pay for the vehicle damages by looking for loopholes that would invalidate the cover the customers insured their vehicles against. ISAA is one of the leading auto insurance companies in the United States (ISAA, 2014). The organization has been able to develop and maintain competitive advantage on the grounds that it has developed mechanisms of adhering to its ethical codes for a long time. This has made customers develop trust in its operations. External social pressure has been found to play a critical role in shaping the ethical conduct of many organizations (Ferrell, 2012). For instance, ISAA has been on the lookout not to mess up with the social issues affecting its customers and the public in general. Societal expectations on the way organizations conduct their businesses have been under scrutiny in the last few decades because of the increase in the social responsibility concepts that members of the society expect from every organization. In fact, organizations that practice little or no social responsibility has been eliminated in the markets and replaced by those organizations that prioritize on the same. In regard to ISAA, the organization has developed a social ethics guide to ensure that it complies with the societal expectations. For instance, ISAA has devised a program for environmental sustainability (ISAA, 2014). This makes people to have good relationship with the organization. Ferrell, J. (2012) argued that such a move puts organizations ahead as far as competition is concerned. Employees are considered as the primary assets of any organization. For the organization to thrive in a highly competitive market, it is indispensable to have workforce that have good code of conduct. This is important because their services especially when conducting business with customers greatly determine the kind of picture that they paste on the

Internal policies and procedures Essay Example for Free

Internal policies and procedures Essay Technology is a significant facet of district operations. Technology affects performance through enabling the citizens to access as well as analyze information, resolve problems, work in partnership with others, and successfully communicate their thoughts and information. People make use of technology as an instrument to support in administrative duties. Technology in information systems is needed to provide appropriate information to efficiently manage the district’s assets and make knowledgeable decisions. Only copyrighted materials are put through restrictions within a Policy Statement. Materials that are not copyrighted may be copied unreservedly and without limit. Copyrighted software and patented hardware may be copied devoid of copyright owner’s consent only in proportion to the Copyright Act that permits making an archival back-up duplicate. However, most software is licensed to a user and the terms of a license agreement may provide the user consent to create copies of the software beyond the archival copy allowed by the Copyright Act. Software license agreements and patented hardware are unique and consequently, the rights of the user to copy licensed software further than that endorsed under the Copyright Act may simply be verified by means of reading the user’s license agreement (Wesier, 77). Any reproduction or copying of copyrighted software on a system or constituent computing equipment must be in line with the Copyright Act and the related software license conformity. Educational institutions may not utilize unauthorized copies of software on system or component institution-owned networks or computers housed in a system or component institution facilities. In view of the fact that software companies are worried by the soaring rate of plagiarism and piracy of their programs, studies for probable violations can be anticipated. While software corporations may not possibly find it lucrative to file suit against an individual for violation, it definitely would not be reserved from filing suit against Universities. Additionally, companies may need to convey suits against people to put off future impending pirates. Software companies could also proscribe University’s use of their software packages. Consequently, University employees who make use of these software materials have a responsibility to avert use of copyrighted materials and to utilize the software barely in accordance with licensing agreements. EVALUATION OF CURRENT POLICIES AND PROCEDURES OF ALACHUA COUNTY The Alachua County has cost-efficiently purchased new technology, maintains a reliable technology infrastructure given obtainable resources, have instituted policies and moral standards for using technology, and has good controls to guarantee appropriate access and make use of the district’s information systems. In 2001, the district’s technology departments were pooled into one inclusive department Administrative and Instructional Technology Department. The amalgamation took place when the directors comprehended that both departments had overlying duties as well as consolidation into one department would augment overall effectiveness. To utilize the remaining best practice principles and guarantee the performance, competence, and efficacy of its softwares and hardwares, the district have to regularly modernize and monitor its technology arrangement, make the training processes official related to technology, regulate budget allowances within obtainable funding, utilize the work order structure to develop the delivery of support, develop the use of technology to progress communications, and institute procedures for analyzing technology services and purchases. Along with the district’s District Technology Plan (2001-2006), the Alachua County currently make use of computers for instruction in general areas: schools curriculum support, technology literacy, as well as communication. All districts have computer committees that provide direction for the function of technology within the instructional procedure and the acquisition of hardware/software. Every district selects and purchases its computer software in accordance with its needs. The constituency sets common direction and provides supervision to guarantee the quality and compatibility of instructional materials. The Technology and Information Services Department supervises technology in Alachua County schools, counting central processing unit and support of services, finance, human resources, and facilities functions. In that structure, the department addresses all issues related to both instructional and technology administrative, as well as the local area networks at each school and district. The staffs support other areas of technology at schools and districts, and assists in using technology. However, the county’s technology plan does not provide sufficient direction for instructional and administrative technology decision-making. Planning is the means to a well-delivered and well-implemented information system. Efficient planning helps guarantee that district information system meets the instructional needs of the people and the administrative needs of decision makers, including schools, hospitals and other organizations and agencies. An effectual planning procedure identifies the technology necessities of users, develops strategies to obtain needed technology in a lucrative manner, and identifies accessible funds required for acquisitions. To ensure that all critical needs are identified, the planning process should comprise an extensive range of stakeholder participation. The decisions made throughout the planning process must be in writing and the resulting plan has to guide technology-related policymaking as well as acquisitions.