Profitability of Network Marketing Business in Frontrow Enterprise Philippines Incorporated at Quezon City Essay

Introduction Business networking is a socioeconomic activity by which groups of like business-minded people recognize, create or act upon business opportunities. A business network is a type of social network whose reason for existing is business activity. There are several prominent business networking organizations that create models of networking activity that, when followed, allow the business person to build new business relationships and generate business opportunities at the same time.Network Marketing Businesses (MLM) in the Philippines is spreading like a virus. Many Filipinos are so crazy engaging in these kind of business, from Top Multilevel Network Marketing Companies to some unregistered Network Marketing Businesses in the Philippines Especially if they heard about the â€Å"kitaan† or â€Å"compensation plan† and they see the ‘million-income-potential’, they tend to take the lure and register to the Network Marketing company they are invited in. Many business people oppose networking business is more cost-effective method of generating new business than public relations  effort. This is because business networking is a low-cost activity that comprises more personal commitment than company money. Researchers were able to study the importance of investing in the Network Marketing Business. The advantages of this kind of business, especially how high the profits you may get, will surely guides everyone in engaging on the right company for them. There are lots of learning opportunities that a person to be involved in a network marketing business will acquire. One of those opportunities is learning how to sell. Not all individual have the skills to presents their self in front of many people or customers. Once a person gets into a business networking, the skills in selling and persuading as well, and the good interaction to other people are developed. As the researchers tried to know the reason why some people gets involved in a Network Marketing Business like Frontrow Enterprise Phil. Inc.; as a survey, people who engaged at Frontrow Enterprise are getting a high range income. On the other hand, the researchers tried to assess the increase of the demand in getting into a Network Marketing Business; they tend to study how money circulates and how this kind of business improves the lifestyle of people. The purpose of the study is to know the profitability of engaging in the Network Marketing Business; the type of transaction uses in the business; and how the income increases by communicating to other people. Background of the Study Frontrow Enterprise Philippines Incorporated is a dynamic and rapidly expanding direct selling company in the health, beauty, and wellness industry in the Philippines today. It is a 100 percent Filipino owned corporation spearheaded by two of the most-promising new-breeds of entrepreneurs, Raymond ‘RS’ Francisco and Samuel ‘Sam’ Verzosa. They are graduates of University of the Philippines and orgmates of UP Samahan ng mga Mag-aaral sa Komunikasyon (UP Samaskon). Raymond ‘RS’ Francisco, a graduate of B.A. Mass Communication and he’s been in the advertising industry since 1997, where he has directed a lot of T.V Commercials such as Pantene, GSM Blue, Chow King, Close-up, McDonald’s, Globe, Smart and other. Together with his partner, Samuel ‘Sam’ Versoza a licensed Civil Engineer and took another  challenging road that is sales and marketing. Here he mastered the art of sales and communication where he emerged as a well-respected and promising entrepreneur. He earned his first million at the age of 22. Through the years, the rapport between the new blood of businessmen, they introduced a new formula for success in the multi-level marketing industry in order to build a more forward-driven company that is FRONTROW. (Frontrow Enterprise Phil., Inc., 2010) Statement of the Problem This research paper sought to answer the following questions: 1. What is the demographic profile of the respondents? In terms of: I.1 Age I.2 Gender I.3 Economic Status 2. What is the profitability gained by the respondents in engaging at Frontrow Enterprise Phils., Inc.? 3. What is the importance of investing at Network Marketing Business to the Global Reciprocal Colleges? Significance of the Study The significance of the study can be perceived in the following: To Students . The proposed study serves as the reference and guide for students as they enter the business industry. It will also help the students that are taking business related courses to know and identify the best and easiest way of earning money. It could be helpful for students to earn extra income while studying without interfering their studies. This study can help students to decide on which field of business they want to be focus on, this can be included to their options. To Teachers. The proposed study will help teachers to have deeper understanding about Network Marketing Business. As they discuss the information about networking business, students tend to try and explore what the opportunities are there in networking business. To Future Researchers. The proposed study will benefits and help the future researchers as their guide. The study can also open an opportunity for development of this study. This study can also serve as a summary for next researchers for deeper understanding and for extra knowledge or additional information. Scope and Limitations The study focuses on the profitability at Frontrow Enterprise Philippines Incorporated located at Quezon City as they give benefits to those who invest on their company .The respondents of the research study are the neophyte business men who engage or engaging to networking business. The study will also include some points in gaining more income rather than setting up your own business. By determining the profitability of Frontrow Enterprise Philippines Incorporated this 2012, by using survey questionnaire that will perform. The study does not cover any Network Marketing Company that is not important to the research work. Chapter 2 Review of Related Literature and Studies This chapter presents the review of related literature and local studies. Related Literature Always remember that network marketing is a team business. In order to make money in this field you must be prepared to work closely with your team members. Welcome them to the team, introduce yourself as their upline and offer help if they need it. Some of your team members will respond, others will not, work with the ones who do respond. These are your potentially strong members and are the lifeblood of your business. Try to build relationships with these members by offering help and discussing marketing techniques. Remember the team concept, your downline’s success is your success, you will all profit together. If something has been successful with you share, and encourage your team members to share their successes with their downline. In this way you will spread success to all members and build a strong active team, who are continually adding dedicated people to  the team. Cooperation of everyone can put each member to a profitable businessman. Most of all the students experience this kind of situation, participation of each member to perform a certain job, sharing ideas and helping to get their goals. As one of the researcher experience the difficulties and successfulness in a group. Encountering some member will not agree to the given ideas and conflict of philosophies but as it go through, performing of each member will come out because of the given task that should be done and clear. At the end, the result will benefit each member for their due diligence. In networking business, interaction with other people is indispensable to be profitable and get a long tenure in the field of networking. By helping the member to recruit new member will increase the salary of both sides. This networking business, frontrow enterprise Philippines incorporated, team members need to function for the sake of themselves and earn high profit as everyone looking for. For a start-up or small business, networking can provide a lifeline of support and business generation. Networking can help you improve your business performance, products and staff skills. It can also help you develop knowledge and skills, by providing opportunities to: Participate in benchmarking, which can help you identify areas where you can improve your business performance. You can use networking to boost your reputation and gather new leads. You can: raise your business profile by becoming an established and regular networking member, getting your face and the business known; meet new people and build mutually beneficial business relationships; expand your markets by generating new business contacts with potential customers, suppliers and partners; establish overseas partnerships, eg through international exhibitions and conferences Networks can also be a key source of information and support. You can: compare and discuss issues of common interest, eg legal and regulatory developments, staff retention, supplier networks, customer service and technological breakthroughs develop and share ideas, innovation and knowledge of best practice Simply selling products is the common thoughts of other about networking but actually that is definitely wrong. Networking is communicating to people and building a business relationship. By investing Php. 5,999 for silver member or Php. 10,999 for gold member as the starting  of the business transaction and when the time comes that the person who invest is already a member of network marketing, the networking company provide some products that can be use or sell. The products that the company gave as a starting line were help people to earn extra income, the most important thing here is to get involve yourself to the company and invite other to join. It can be call this process a circular motion. Making business relationship to others is the best way of earning high profit. Every member of the group will contribute and useful for a better result. In frontrow after joining in the group the team group will explain more about the company and how to be a millionaire. Team group will use the new person who is interested to join and make it invest to the company and the new invited person will do the same to earn also and recruit as more as can. The process of payment and earning profit are, In Frontrow the group member/employee will get P500.00 for each person convinced to invest and P1000 for every partner in silver member, for gold member is P1000 for each recruit and P2000 for every partner. The group member/employee can also earn by means of invites of their group member. So that is network marketing why earning money is faster than the other businesses. Network marketing will help us in earning money, especially for students because it helps students to earn money without inconvenience in their studies. And it will also help to build self-confidence and having a good communication to others, the reason why is networking need to be powerful in communication and have a knowledge to deliver the ideas into one another. But first, believing to yourself and having a high confidence is more important. Here in network marketing, making business relationship is very important. Engaging a large group of team members and cross selling is one of the most important aspects in becoming profitable in a Network Marketing Business. Keen business sense is required as well as your tact in speaking to your network of business people. The smoother and more dedicated you are, the more money you will make from your work efforts. As you begin to build your network marketing business first imagine a large network of outlets of people. Belief you will be able to reach a large base of clients who will be thrilled to use your product or service in your network marketing business. Each network and person who knows about your services and product represents  the potential for sales. The more networks and people you influence the more products you will be able to sell. Once you have established a client base cross selling to existing clients becomes a way to maximize profits. Generating repeated sales is easier when your product is usable and consumed like the sale of soaps, vitamins and shoes as opposed to selling a piece of furniture for instance. When you have a team of members on your side helping you to build your network marketing business it becomes easier to motivate these entrepreneurs to make additional sales when you are excited in lieu of going out to try to find a new team member. Your main goal is to build a group of team members that is wide and deep however it is more profitable to build wide in getting fresh new business people on board to try out your product and unique business opportunity. Building a deep network will assure you business security and building deep will equal profitability. To make a network marketing business profitable, people who will engage must have to build teams. Frontrow conducts seminar for the people to know more about networking business and how it improves lifestyle. The company will orient the people who engage to elaborate more of the company’s profile when they are about to deal with future clients. The person who undergoes the discussion about Frontrow, will surely have the power to talk and convince people who will help them to have team and profit. . The main goal of networking marketing business is to build a group of team members that is wide and deep however it is more profitable to build wide in getting fresh new business people on board to try your product and unique opportunity. This is the fundamental thing that so few understand when it comes to the MLM industry. If you want to create a business that lasts, in this industry, you have to be willing to work hard at least in the very beginning. You can build your business as part time as you want in as few as hours as you want but that also means you can take as long as you want. I suggest putting as much time as possible into your business without overly sacrificing your sanity or your family, at least in the beginning. When you get your business to over $10,000 a month residually, you can afford to go  on more trips and vacations. This is the main point of our industry. There is light at the end of the tunnel. With almost all small businesses and almost all jobs, there is no light. You trade dollars for hours, as you rise the rank and compensation ladder, more is expected of you and if you want to slow down, especially in these times, you might get booted out. In this industry, it actually, to the contrary, gets easier. Now, most flake out before they get to the easy part. They either give up out of lack of faith or work ethic or they get to a point where they are making money and take their foot off the gas or lose their focus too soon. Beware of these as they are the killers of the greatly talented. I see it on a DAILY basis where someone of great talent destroys what they were in the process of building to do something else or slack off and think they are at a point where it will automatically grow. There is a 99% chance that you will NOT get to a point of lifetime automatic income prior to 2-3 years of intense focus. Now you know why so few people have what it takes, but, armed with this knowledge, you now do. To sell products is the perception of some people in networking business. Networking business is not actually centered in selling products but they invite people who will help them to build a profitable business. If you engage in a networking business, they will give you their products as part of your investment. In Frontrow Enterprise Philippines Incorporated, to sell products is just an option for you. If you invest in their company, you will receive their products and it is up to you if you will sell it or use it for your own needs. They will focus to teach you on how to interact with other people in order for you to convince them and to build your downlines. In making your networking business profitable, you must be able to exert effort in doing that business. Even some people take it as their part time, it needs a hard work for them to earn profit. Interacting with other people is one of the eagerness of the person in doing their business cost-effective. Some person who engaged in FRONTROW is still students and they can support themselves by the money they receive. Company events and recruitment tactics have hyped things like earnings potential, creating the impression that it’s only a matter of time before you will be rolling in Cadillacs and caviar. Most network marketing recruits never achieve that level of success. In fact, the majority of network marketing recruits never even realize a profit. Network marketing  can be profitable – it just takes an organized and structured approach to get there. Towards that end, these network marketing business tips should come in handy: Understand Your Costs; Create Lists; Make Sales Calls; Stay Focused; Leverage Team Resources. There are strategies and techniques in making your business more profitable. Once you invest in Frontrow Enterprise Philippines Incorporated, they will able to orient you for you to know the organizational culture and the strategies on how you will expand your business. People who will invest should have hard work in recruiting or inviting others to be their downlines and help them as well in building their business. Related Study The New Economy has arrived- It is a global revolution challenging businesses’ status quo. It has opened up new structures, new strategies, and new markets with the internet as its foundation; traditional ways of doing business has been changing in a faster face. This thesis attempts to propose a model for New Economy business, especially in the telecom industry. It analyzes five telecom companies in Asia, discusses their experiences and current models, applies the to their respective countries microenvironment analysis and fits them into the New Economy description for the Philippine environment. This research examined the characteristics and practices peculiar to home video shop in Baguio city and tried to determine the level of profitability and rate of return on investment that this establishment enjoys it went into a thorough investigation of the prevailing characteristics not only of the shops but of the type of customers they cater to. The problems that beset the operators of these establishment were likewise examined, their causes determined, and recommendations on how to solve them, formulated. The respondents in this study were 88 proprietors of video rental shops that were operating in the city as of November 1993. From their responses, the needed information was gathered and analyzed to check on the veracity of the subjects responses in the questionnaire-checklist, the main data-gathering instrument, informal interviews and participant observation were conducted by the researcher. How profitable when you engage to a networking business like Frontrow Enterprise Philippines Incorporated? Earning a high salary, strategies and skills in communication is to lead the networking businessman into a high profit. It is also by helping of each member in a group to make them both profitable. By engaging in Frontrow, people need to work harder to earn high profit and communicate to get more recruits. Conceptual Framework The profitability of network marketing business in Frontrow Enterprise Philippines at Quezon City was shown by the survey questionnaire that was given to the employees and recruits at FRONTROW. It was conducted by the researchers to seek answers on how to gain or earn profit in a networking business. It was conducted to gather information about the profitability of engaging at Frontrow Enterprise Philippines Incorported. Paradigm of the Study Definition of Terms Business relationship – creating of each member to built an agreement for the progress of the business. Capital – the sum invested in business. Compensation plan â€Å"Kitaan† – process on how they are rate base on their performance. Engaging – giving or getting involve to a business. Income – proceeds from labor Investment – layout of money productively. Inviting – attracting people to join in a business. Neophyte businessman – beginner businessman. Networking business – is a socioeconomic activity by which groups of like-minded businesspeople recognize, create, or act upon business opportunities. Profit – money gain to the work done. Recruit – to furnish new people. Retail Business – business sell in small quantities. Scrutinize – inspect or examine closely the date gathered. Springboard – something that supplies condition for a beginning change or progress. Stress-free-job – working without thinking more obligations. Chapter 3 Research Methodology This chapter discusses the following methods how the researchers gathered information about the present study. Research design  The researcher used Descriptive Method in this research study. This method was applied for the researchers to gather about presenting existing condition of the profitability in engaging at Frontrow Enterprise Philippines Inc. The descriptive method helps the researcher to describe the nature of situation as it exist at the time of the study and to explore the causes of particular phenomena. This method congregates to answer questions concerning the procedure of the recruits in engaging at Frontrow and how high profit will earn. That is why it fits the topic about the profitability of network marketing business at Frontrow Enterprise Philippines, Incorporated. Sample and Sampling Technique The researchers used the Random Sampling by selecting the desired sample of the respondents. The total sample population is 100 respondents out of the total number of the employees and invites at Frontrow Enterprise Philippine Incorporated which is 110.The table A presents the distribution of the respondents. Table A Distribution of Respondents Male Female Total Employee 23 27 50 Recruited People 15 35 50 Total 38 62 100 Data Gathering and Procedure The researchers prepared a survey sheet as a springboard to gather information and data. They made sure that the questions on the survey questionnaire are related to their topic, and made the subject teacher check it before distributing them to the students. The survey was done during weekends and free time of class; two researchers went together to the place of the said company, Frontrow Enterprise Philippines Inc at Quezon City and the other five took the seminar . The researchers distributed 15-item questionnaire which is about the Profitability of Network Marketing Business at Frontrow Enterprise Philippines Incorporated to the employees of Frontrow in 50 respondents and to the invites in 50 respondents. When the Employees and invites are answering the survey questionnaire the researchers asked if there were clarifications and need to add about the given survey sheets. The invites said that that it was clear and they all understood it but in the Employees said that the term of payment was weekly and can increase the profit depends on the recruitment of individual. After an hour, the researchers was able to get the result of the questionnaire and scrutinized the data gathered. Having accomplished gathering the data in a day, the researchers computed the frequency count and percentage. After both data are tallied and computed, it was interpreted through a measurement level such as table and graph. Statistical Treatment of Data Statistical tool such as percentage technique was employed by the researchers to determine and to access the data collected from the research. Percentage technique was used to show the result of the evaluation based on the data gathered from the respondents. This was also applied to acquire the total percentage of the number with the same answer. The formula getting the percentage is: Percentage= n x 100 % = percentage N n= no. of answer N = no. of respondents Chapter 4 Presentation, Analysis and Interpretation of Data This chapter discusses the data gathered from the survey, as well the description of the respondents and the presentation, analysis and the interpretation of the data. Description of the Respondents This research study contains two kinds of respondents-the employees and the recruited people. Their perception and opinions are of great importance to determine the profitability of Frontrow Enterprise Philippines Incorporated. The table shows the number of respondents, 50 employees of Frontrow and 50 recruited people from Frontrow were selected as respondents of this research. Table 1: Distribution of Respondents Respondents Frequency Percentage Employees 50 50% Recruited People 50 50% Total 100 100% Table 1 shows that the respondents of this study are the employees and the recruited people of Frontrow Enterprise Philippines Incorporated which has a total of 100 respondents. Table 2: Age of the Respondents Age Employees Recruited People Frequency Percentage Frequency Percentage 18 and above 45 45% 39 39% 17 and below 5 5% 11 11% Total 50 50 % 50 50% Table 2 illustrates the distribution of age of the respondents; in employees, 45 or 45% of the respondents has an age ranging from 18 – above and 5 or 5% of the respondents has an age bracket 17 – below. In recruit people 39 or 39% of the respondents has an age ranging from 18 – above and 11 or 11% of the respondents has an age bracket 17 – below. This means that the majority of the respondents has an age bracket of 18 and above in both employees and recruit. Table 3: Gender of the Respondents Gender Employees Recruited People Frequency Percentage Frequency Percentage Male 23 23% 15 15% Female 27 27% 35 35% Total 50 50% 50 50% Table 3 shows the genders of the respondents, as shown in employees, 23 males or 23% and 27 females or 27% while in recruited people 15 males or 15% and 35 females or 35%. This means that majority of the respondents in both sides are females. Table 4: Economic Status of the Respondents Monthly income Employees Recruited People Frequency Percentage Frequency Percentage 10,000 below 13 13% 16 16% 10,000 – 15,000 9 9% 21 21% 16,000 – 25,000 24 24% 11 11% 26,000 up 4 4% 2 2% Total 50 50% 50 50% Table 4 illustrates the economic status of the respondents. Most of the monthly incomes of the respondents’ respected families are consisted of 24 or 24% which has 10,000 below, 9 or 9% which has 10,000 – 15,000, 13 or 13% which has 16,000 – 25,000 and 4 or 4% which has 26,000 up for the employees. For the recruited people, 16 or 16% has 10,000 below, 21 or 21% has 10,000 – 15,000, 11 or 11% has 16,000 – 25,000 and 2 or 2% which has 26,000 up. This means that out of 50 employees of respondents, 24 or 24% has a monthly income of 16,000 – 25,000 who are engaged in Frontrow while in 50 recruit of respondents, 21 or 21% has a monthly income of 10,000 – 15,000 who are willing to engage in Frontrow Enterprise Philippines Incorporated. 1. What is the easiest way of earning money? Retailing % Buy and Sell % Networking % Franchising % Employees 9 9% 12 12% 25 25% 4 4% Recruit 8 8% 18 18% 19 19% 5 5% Total 17 17% 30 30% 34 34% 9 9% In question 1, out of 50 employees’ respondents, 9 or 9% of the employees answered retailing, 12 or 12% for buy and sell, 25 or 25% for networking and 4 or 4% for franchising. Out of 50 recruit respondents, 8 or 8% of the recruit answered retailing, 18 or 18% for buy and sell, 19 or 19% for networking and 5 or 5% for franchising. This means that the majority of the respondents both employees and recruit, which is 34 or 34% in total, prefer to choose the easiest way of earning money is networking. 2. Are you satisfied with your monthly income? Yes % No % Employees 4 4% 46 46% Recruit 10 10% 40 40% Total 14 14% 86 86% In question 2, out of 50 employees’ respondents, 4 or 4% of the employees answered yes, while 46 or 46% of the employees answered no. in the other hand, out of 50 recruit respondents, 10 or 10% of the recruit answered yes, while 40 or 40% of the recruit answered no. This means that the majority of both respondents, which is 86 or 86% in total, are not satisfied to their monthly income. 3. Do you think networking business is a stress-free-job? Yes % No % Employees 38 38% 12 12% Recruit 31 31% 19 19% Total 69 69% 31 31% In question 3, out of 50 employees’ respondents, 38 or 38% of the employees answered yes, while 12 or 12% of the employees answered no. In the other hand, out of 50 recruit respondents, 31 or 31% of the recruit answered yes, while 19 or 19% of the recruit answered no. This means that the majority of the both respondents, which is 69 or 69% in total, thought that networking business is a stress-free-job. 4. What comes in your mind when you heard about networking business? High High Easy job Selling Commission Investment Range salary Products Based Employees 2 28 8 6 6 Recruit 12 19 13 2 4 Total 14 47 21 8 10 In question 4, out of 50 employees’ respondents, 2 or 2%of the employees answered high investment, 28 or 28% for high range salary, 8 or 8% for easy job, 6 or 6% for selling products and 6 or 6% for commission based. Out of 50 recruit respondents, 12 or 12% of the recruit answered high investment, 19 or 19% for high range salary, 13 or 13% for easy job, 2 or 2% for selling products and 4 or 4% for commission based. This means that the majority of the both respondents, which is 47 or 47% in total, when they heard networking business the first thing comes on their mind, is having a high range salary. 5. Are you willing to invest in a networking business with as much as Php. 5,988? Yes % No % Employees 50 50% 0 0% Recruit 40 40% 10 10% Total 90 90% 10 10% In question 5, out of 50 employees’ respondents, 50 or 50% answered yes, while 0 or 0% of the employees answered no. Out of 50 recruit respondents, 40 or 40% of the recruit answered yes, while 10 or 10% of the recruit answered no. This means that the majority of the both respondents, which is 90 or 90% in total, are willing to invest in networking business with as much as Php. 5,988. 6. Do you think investing in networking business is more profitable than any other business? Yes % No % Employees 49 49% 1 1% Recruit 50 50% 0 0% Total 99 99% 1 1% In question 6, out of 50 employees’ respondents, 49 or 49% of the employees answered yes, while 1 or 1% of the employees answered no. Out of recruit respondents, 50 or 50% of the recruit answered yes, while 0 or 0% of the recruit answered no. This means that the majority of the both respondents, which is 99 or 99% in total, prefer to invest in networking business because of getting a high profit than the other company. 7. In your own perspective, do you think Frontrow Enterprise Philippines Incorporated would open more opportunities for you in attaining your success than any other businesses ? Yes % No % Employees 50 50% 0 0% Recruit 47 47% 3 3% Total 97 97% 3 3% In question 7, out of 50 employees’ respondents, 50 or 50% of the employees answered yes, while 0 or 0% of the employees answered no. Out of 50 recruit respondents, 47 or 47% of the recruit answered yes, while 3 o3% of the recruit answered no. This means that the majority of the both respondents, which is 97 or 97% in total, thought that by investing in Frontrow can open more opportunities to attain your success. 8. Do you think Php. 5,988/Php. 10,988 as investment in Frontrow Enterprise Philippines Incorporated is too much for a neophyte businessman like you? Yes % No % Employees 7 7% 43 43% Recruit 18 18% 32 32% Total 25 25% 75 75% In question 8, out of 50 employees’ respondents, 7 or 7% of the employees answered yes, while 43 or 43% of the employees answered no. Out of the 50 recruit respondents, 18 or 18% of the recruit answered yes, while 32 or 32% of the recruit answered no. This means that the majority of the both respondents, which is 75 or 75% in total, thought that Php. 5,988 / Php. 10,988 are enough for a neophyte businessman to invest in a networking business like Frontrow Enterprise Philippines Incorporated. 9. Does profitability of Frontrow Enterprise Philippines Incorporated satisfy your need? Yes % No % Employees 49 49% 1 1% Recruit 40 40% 10 10% Total 89 89% 11 11% In question 9, out of 50 employees’ respondents, 49 or 49% of the employees answered yes, while 1 or 1% of the employees answered no. Out of 50 recruit respondents, 40 or 40% of the recruit answered yes, while 10 or 10% of the recruit answered no. This means that the majority of the both respondents, which is 89 or 89% in total, said that the profitability in engaging at Frontrow can satisfy their needs. 10. If you are going to engage/invest in Frontrow, what is your main reason? To earn a high income Stress-free-job As part time job/extra income Employees 38 3 9 Recruit 41 3 6 Total 79 6 15 In question 10, out of 50 employees’ respondents, 38 or 38% of the employees answered to earn a high income, 3 or 3% for stress-free-job and 9 or 9% for as part time job. Out of 50 recruit respondents, 41 or 41% of the recruit answered to earn a high income, 3 or 3% for stress-free-job and 6 or 6% for as part time job. This means that the majority of the both respondents, which is 79 or 79% in total, prefer to engage/invest in Frontrow because of earning high income. Frontrow Compensation Plan As shown in this diagram of Frontrow Enterprise Philippines Incorporated compensation plan explain how the employee earn and how high depends on the number of recruits. Each employee will received Php. 500 for every recruited person and for every pair of recruited people can have an additional salary of Php. 1,000. Chapter 5 Summary, Findings, Conclusion and Recommendation This chapter summarizes the whole research, naming down the findings, the conclusion and the recommendations of the researchers from the data and information that they have gathered from the research study. Summary The research study’s main objective is to know the profitability of Frontrow Enterprise Philippines Incorporated as a networking business. The survey sheets and seminar were done to gather data from the Frontrow Enterprise Philippines Incorporated which is composed of the employees and invites, these were the person who are recruited by the employees. The survey serves as an instrument to collect and gather data from the respondents. Findings Based on the result from the data gathered, the following are the findings drawn from the research study. 1. Most of the respondents are females. Employees are composing of 23 males and 27 females, recruited people are compose of 15 males and 35 females. They have an age bracket of 18- above both the employees and recruited people which indicate that most of the respondents are adults. Employees of Frontrow earn 16,000-25,000 pesos monthly income while recruited people earn 10,000-15,000 pesos monthly income. 2. Most of the respondents are willing to invest at Frontrow Networking Business because they think that it is a stress-free-job and one of the main reasons on investing at networking business is to earn high income. They think that networking business is more profitable than any other businesses and can satisfy their needs through inviting people to invest in this kind of business. 3. Most of the respondents think that Frontrow Enterprise Philippines Incorporated would open more opportunities for them in attaining their success. As neophyte businessmen, they think that engaging in Frontrow provides them conveniently in terms of work and earn high salary as they expect to the business. Conclusion Based from the findings gathered by the researchers, they have listed down the conclusion they have drawn from the study. 1. Based on the data gathered most of the respondents are adult and are females, both employees and recruited people which earn high income. That is enough for the recruited people to invest at Frontrow Enterprise Philippines Incorporated. They tend to engage at networking business for them to further know about the process and to start gaining profit. 2. Based on the data gathered most of the respondents believe that networking business is the easiest way of earning money and profitable than any other business. The greater part of the percentage of the answers came from the respondents of Frontrow employees, as they proved it when they invested and worked for the  company. The recruits also believe that networking business is profitable, as they influenced by the employees because of knowing that Frontrow Enterprise Philippines Incorporated can give them high income. 3. Based on the data gathered, people find opportunities in investing at networking business. The importance of working for that kind of business gives them lot of experiences as they interact with various types of people and dealing with the same goal. In the same aspect, Recommendation After gathering the following finding and conclusions, the researchers have listed down the corresponding recommendation. 1. Aging 18-above comes to more opportunities in life. As a researchers suggest to dream high and don’t stop trying to engage in other opportunities that can benefit you in the future time. To those who earn also high income, try to establish or engage in other businesses and develop your skills in the field of business. 2. The researchers suggested that people who are not satisfied on their monthly income should find way to earn more profit by investing at networking business like in Frontrow Enterprise Philippines Incorporated that have a good company mission and vision in helping new businessman in creating and building their own journey in the field of business. People who are also willing to engage in Frontrow networking business should work hard for them to attain their goals. 3. Recruited persons are willing to invest with as much as Php 5,988 in Frontrow Enterprise Philippines Incorporated as they see that networking business is a stress-free-job and they tend to engage because of the high income potential. The researchers recommend that the recruits should invest at the company Frontrow to start working for their business and start inviting for their downlines or team members. The researchers recommend that people, especially to the neophyte businessmen, should consider networking business in Frontrow Enterprise Philippines incorporated is more profitable than any business as it gives opportunity to them in attaining their success. Employees of Frontrow invited people who are willing to engaged at the company to show more of the process on how networking business flows,  how they will earn money; as they said that it is the main reason why they are about to invest their money in Frontrow networking business. The employees should encourage more people to show the high profitability of network marketing business at Frontrow Enterprise Philippines Incorporated. The Profitability of Frontrow Enterprise Philippines, Inc. as Networking Business Name: Date: Age: Gender: Status: Profile: Working Student Student Housewife/ husband Regular Employee Business Owner other:_____________ > How much is your monthly income? Php10,000 below Php10,000-15000 Php16,000-25,000 Php26,000up Q1. What is the easiest way of earning money? Rate it to 1-4, one is the highest and 4 the lowest. __Retailing __Buy and Sell __Networking __Franchising Q2. Are you satisfied with your monthly income? Yes No Q3. Do you think networking business is a stress-free-job? Yes No Q4. What comes in your mind when you heard about networking business? High investment/capital High range salary Easy job Selling products Commission based Q5. Are you willing to invest in a networking business with as much as Php 5,000? Yes No Q6. Do you think investing in networking business is more profitable than any other business? Yes No Q7. In your own perspective, do you think Frontrow Enterprise Philippines, Inc. would open more opportunities for you in attaining your success than any other business? Yes No Q8. Do you think Php 5,000 as investment in Frontrow Enterprise Philippines, Inc. is too much for a neophyte businessman like you? Yes No Q9. Does profitability of Frontrow Enterprise Philippines,Inc. satisfy your needs? Yes No Q10If you are going to engage/invest in Frontrow, what is your main reason? To earn a high income Stress-free-job As part time job Bibliography Building a Profitable Business by: Cathy Qazalbash http://www.finalsense.com/learning/e_marketing_articles/networrk_profitable.htm Benefits of Networking http://www.businesslink.gow.uk/bdtog/action/detail Building a Profitable Networking Business http://bizcovering.com/opportunities/building-a-profitablee-networkingmarketing-business How to Create a Truly Profitable MLM Business http://rayhigdon.com/profitable-mlm-business/ Building A Profitable Network Marketing Business http://www.gaebler.com/buildin-a-profitable-marketing-business.htm Tanada, J.K.,(2001); A Business Model for Philippine Telecom Companies for the New Economy Enriquez-Cruz, L.D., (1994); The profitability of the home video shop business in Baguio city Acknowledgment We would like to extent our deepest and warmest appreciation to the following for making this research study possible. First of all to Almighty God, for giving us strength and wisdom in creating this research study. Second, to all the employees and the recruited people of Frontrow Enterprise Philippines Incorporated who answered our survey questionnaire properly. Third, to Marjorie P. Ella and Juanito P. Baybayan Jr. who exerted so much effort and so much knowledge to be able to finish this research study. Fourth, to our entire group mates who contributed much in making this research paper complete. And last but not the least, to Mr. Joseph Dela Pena, for giving us a great responsibility and experience to make this research paper successfully. A million thanks to all of you. God bless GRC. Dedication The researchers dedicated the research study first to Almighty God, because without Him there will be no us. Also to our beloved parents and families who keep patient and understanding when we sleep late at night just to finish this masterpiece of us and lastly, to Mr. Joseph Dela Pena, who is responsible for this research paper and for being our inspiration in making this research study. Without his guide ,the researchers will never know how to make this research study.

Bugusa Inc Worksheet

University of Phoenix Material BUGusa, Inc. , Worksheet Use the scenarios in the Bugusa, Inc. , link located on the student website to answer the following questions. Scenario: WIRETIME, Inc. , Advertisement Has WIRETIME, Inc. , committed any torts? If so, explain. Scenario: WIRETIME, Inc. (Janet)—Brenda Has WIRETIME, Inc. committed any torts? If so, explain. Janet has signed a contract with BUGusa she is committing intentional tort because she is intentionally leaving one company knowing that she has an agreement.She is intentionally leaving them to go work for the competitor so that she can get more money. She can be held liable for any harm or money loss for BUGusa because she has left the department with a signed contract. Scenario: WIRETIME, Inc. (Steve and Walter) Discuss any liability BUGusa, Inc. , may have for Walter’s actions. Scenario: BUGusa, Inc. , Plant Parking Lot—Brenda What defenses may be available to BUGusa, Inc.? Explain your answer.In any par king lot or company if there is a crime committed on the duty most of the time the employer is liable for what happens to the employee on company time. Since the lights were out on the dock and there was no one there to help the delivery person. I think that BUGusa is liable for the mishap. The company needs to make sure that there are enough lights to keep everything lit and visible. They are strict liability because they are held liable for an act regardless of intent or willfulness and plus this is an abnormal dangerous activity.BUGusa should have signs up to say that they are not responsible for any unsupervised or stolen property on the premises if they do not want to get held responsible for what happens. Scenario: BUGusa, Inc. (Randy and Brian) What defenses may be available to BUGusa, Inc.? Explain your answer. Scenario: BUGusa, Inc. (Sally) Sally may have a successful case against BUGusa, Inc. , for what torts? Explain your answer.

The process of economic integration

Chapter 1: The route to EMU/Euro AreaEconomic integrating – definitionBecause the Economic and Monetary Union represent a portion of the procedure of economic integrating, foremost a definition of this term needs to be cleared. Jacques Pelkmans ( 2006 ) defines economic integrating as ‘the riddance of economic frontiers between two or more economies’ , normally with the intent of accomplishing different benefits such as a greater internal efficiency. An economic frontier is referred to as ‘any limit over which existent and possible mobilities of goods, services and production factors, every bit good as communicating flows, are comparatively low.’ The procedure of economic integrating is really complex and for this ground, several phases have been distinguished, depending on the strength grade. Therefore, as the grade of economic integrating additions, the economic barriers between the states lessening and their pecuniary and financial policies become more and more co-ordinated. Balassa’s work in this concern ( 1961 ) has identified 7 phases or stairss in the economic integrating, as follows:Free-trade country ( FTA )– duties are abolished between the members, but the states do hold the right to enforce any duties against 3rd states ( non members of the country ) ;Customss brotherhood ( CU )– no duties between members and a common external duty for the 3rd states is agreed upon ;Common market ( CM )– a imposts brotherhood with free motion of production factors, viz. labour and capital ;Economic brotherhood ( EU )– a common market with a high grade of coordination of economic policies ;Monetar y brotherhood ( MU )– a common market with fixed exchange rates or with a common currency go arounding in all member provinces ;Economic and pecuniary brotherhood ( EMU )– an country uniting the characteristics of both pecuniary and economic brotherhood, with integrating developing at the same clip in both policy fields’Full economic brotherhood ( FEU )– an country affecting a complete coordination of the economic systems of the member provinces, with common policies for all of import facets ; political integrating is besides a possible deduction.Presently, the European Union is in the 6th measure, being an Economic and Monetary Union. The route to this phase will be analyzed in the undermentioned subchapter.The Economic Monetary Union in EuropeThe Economic and Monetary Union was a much coveted end of the European Union, even before the Treaty of Rome, as it was expected to offer several benefits to its Member States, such as currency stableness, augmente d international trade and overall, a safe environment that would be able to supply higher employment and growing. Nevertheless, assorted political and economic barriers prevented the accomplishment of these aims until the Maastricht Treaty was signed in 1992. Ever since, the procedure of pecuniary integrating seems to hold progressed, with the states escalating their coordination. The way towards the Economic and Monetary Union and accordingly, towards the Euro Area, distinguishes four of import stages.From the Treaty of Rome to the Werner Report ( 1957 to 1970 )The Treaty of Rome, the international understanding which led to the foundation of the European Economic Community, assumed that the currencies were traveling to stay stable, as this was the natural result of the imposts brotherhood and subsequently, of the individual market. However, it did non take to the thought of a pecuniary brotherhood, even though it does mention to pecuniary and economic coordination, stipulating demands in this concern.( what demands – articles? ) Due to currencies turbulencies, the Bretton Woods System begins neglecting in the late sixtiess. Several states, such as France or United Kingdom had to devaluate their currencies, while others, such as Germany or Switzerland were compelled to appreciate them. This brought even more instability and endangered the common agricultural policy – at that clip, the chief achievement of the European Community. In this context, the Community was eager to specify new aims for its development during the following old ages. The Barre Report of 1969 proposes increased economic and pecuniary coordination of the policies of the European Community states and in the same twelvemonth, the accomplishment of the Economic and Monetary Union is set as a formal end at a acme in The Hague. In 1970, several of Europe’s leaders led by the Prime Minister of Luxembourg, Pierre Werner, submitted a study on how the Economic and Monetary Union can be reached in a three-step procedure in 10 years’ clip. This is the alleged Werner Report, which, along these chief aims, defined besides other of import ends, such as the irreversible convertibility of currencies, free motion of capital and even a individual currency, if possible. In order for all these to be attained, the study besides required more co-ordinated economic policies, with other of import determination to be made at the Community degree, refering involvement rates and national budgetary policies. However, the Werner Plan was traveling to neglect in making all its aims in the terminal.From the Werner Report to the European Monetary System ( 1979 to 1979 )The first phase of the Werner Report implied the narrowing of the exchange-rate fluctuations, which was an experimental effort, without any committedness to the farther phases. Unfortunately, this scheme didn’t take into history the fixed exchange-rate against the dollar and this led to a failure in carry throughing the first phase of the Report. In 1971, the Bretton Woods System fails, so the Werner Report can non accomplish its ab initio set out ends. In order to mend the state of affairs, most of the Member States create a mechanism meant to pull off the fluctuations of their currencies, fundamentally cut downing them to a narrow set, called the ‘snake’ . As a consequence of oil crises, dollar failing and policy divergency, the ‘snake’ was traveling to neglect within two old ages. However, this failure did non weaken the involvement for making a currency stableness part. In 1977, the president of the European Commission, Roy Jenkins, proposed a new program for the Economic and Monetary Union, which was eventually launched in March 1979 as the European Monetary System. All states participated at that clip, with the exclusion of the British lb, which was traveling to fall in in 199, but merely for two old ages. The EMS is defined as a ‘a matter-of-fact effort to come on along the route to economic and pecuniary union’ , with the chief aims of ‘to attain a zone of internal and external pecuniary stableness in Europe ( affecting both low rising prices and stable exchange rates ) , to supply the model for improved economic policy cooperation between Member States, to assist to relieve planetary pecuniary instability through common policies vis a vis 3rd currencies.’ ( EC, 1989 ) Besides, the chief elements of the European Monetary System agreement were the followers:The European Currency Unit ( ECU )– an unreal currency based on a leaden norm of all EMS currencies ;The Exchange Rate Mechanism ( ERM )– meant to cut down the variableness in exchange rate and range pecuniary stableness, as a foundation for the debut of the individual currency ;An expansion of short and average term recognition installationsto back up the attempts of the Member States for ac complishing stableness.The Exchange Rate Mechanism served as a mean of commanding the currency fluctuations in the EMS, doing certain these are kept within +/- 2.25 % against official bilateral exchange rate, with the exclusion of the currencies of Italy, Spain, Portugal and the United Kingdom, which could fluctuate by +/- 6 % . Furthermore, an index of divergency was used as an early warning system for step ining on the market, through accommodations in several facets, such as involvement rates or financial policy.( Mention of which was the index? –one time the exchange rate of a currency reached 75 % of the maximal fluctuation border authorized, the currency was considered as ‘divergent ‘ )From the start of European Monetary System to the Maastricht Treaty ( 1979 to 1991 )In the first old ages, the European Monetary System faced a batch of currency alterations, but in the terminal, it had proved to be a success. This farther increased the necessity of finishing the individual market, which would presume extinguishing all obstructions to the free motion of goods, services, capital and people. This was traveling to be a long and dearly-won procedure, but the benefits were so deserving it. In June 1988, the Committee for the Study of Economic and Monetary Union was formed, with the intent of analyzing and suggesting phases to be fulfilled to make EMU. The Committee was comprised of all the European Community cardinal bank governors and was chaired by Jacque Delors, the President of the Commission. The study of the Committee, well-known as the Delors Report, gave a definition of EMU’s end as ‘the common direction of pecuniary and economic policies to achieve common macroeconomic goals.’ Besides, it set out three stipulations for the EMU to be established: the sum and irreversible convertibility of currencies, complete liberalisation of capital minutess and integrating of the fiscal sector and irreversible lockup of exchange rates. Furthermore, the Delors Report besides specified the three phases towards EMU, which were the followers:Phase 1 ( 1990-1994 ) :Complete the internal market and take limitations on farther fiscal integrating.Phase 2 ( 1994-1999 ) :Establish the European Monetary Institute to beef up cardinal bank co-operation and fix for the European System of Central Banks ( ESCB ) . Plan the passage to the euro. Specify the future administration of the euro country ( the Stability and Growth Pact ) . Achieve economic convergence between Member States.Phase 3 ( 1999 onwards ) :Fix concluding exchange rates and passage to the euro. Establish the ECB and ESCB with independent pecuniary policy-making. Implement adhering budgetary regulations in Member States. ( European Commission )From the Maastricht Treaty to the euro and Euro Area ( 1991 to 2002 )The Maastricht Treaty was adopted in December 1991, during the 2nd portion of the first phase towards EMU. Once it was enforced, the 2nd phase began. Most s ignificantly, the Treaty set the ‘convergence criteria’ that the Member States desiring to follow the individual currency would hold to run into. These standards, along with the alliance of national Torahs of the Member States were supposed to guarantee the readying of a state for following the individual currency. They were fundamentally a usher for bespeaking a country’ stableness and sustainability reflected in their economic and pecuniary policy convergence and in their response to economic dazes. The end was set as accomplishing Emu and the conditions for this were besides established, viz. the Maastricht standards. Therefore, the European Union could travel one measure further. The first phase was completed at the beginning of 1994, when the motion of capital markets was declared free. The 2nd phase began instantly and it ended in 1999, when the debut of the euro marked an of import milepost for the EU.With the euro being launched, a new transitional period began that was traveling to last for three old ages. Initially, since 1999, the euro circulated as biblical money. The national currencies were still in being and were the chief footing for minutess, although in the fiscal universe, the passage was about immediate, the euro being used in every operation that was cashless. Merely in 2002, the euro bills and coins replaced the national 1s, which marked an tremendous alteration affecting all sectors of the economic system. The hard currency conversion was to the full complet ed in merely two months, when the national bills and coins ceased to be.1.3. Pull offing the Economic and Monetary UnionThe Economic and Monetary Union is seen as an instrument to assist accomplishing the aims of the European Union, chiefly balanced and sustainable economic growing and a high degree of employment. Furthermore, the EMU represents a shared duty, being managed by several establishments, belonging to both the European Union and the national Member States. This direction procedure is defined as ‘economic governance’ and it involves the undermentioned histrions:i‚Â · The European Commission, in charge of economic anticipation and of supervising the conformity of the EU states with the Stability and Growth regulations ;i‚Â · The European Council, which sets the chief policy orientations, being composed of all the caputs of province or authorities from the EU states ;i‚Â · The European Parliament, whose chief responsibility is to explicate Torahs and exercising democratic inadvertence over the direction of EMU ;i‚Â · The European Central Bank ( ECB ) , which fundamentally manages the pecuniary policy in the Euro Area, by commanding rising prices through puting involvement rates and stabilising monetary values ; it is portion of the European System of Central Banks ( ESCB ) ;i‚Â · The Council of the EU, with its chief constellation ECOFIN ( Economic and Financial Affairs Council ) , which is in charge of organizing the economic policy-making and make up one's minding assorted executions in SGP, every bit good as whether a Member State is ready for following the euro ;i‚Â · The Eurogroup, which is composed of the finance curates of all Euro Area states, together organizing the common involvement policies for the Euro Area Member States ;i‚Â · National authoritiess, which are required to put their budgets within the in agreement bounds for shortages and debts and to esteem and implement the de terminations taken by the Council of the EU.This direction together with the operation undertaken by EMU purpose at back uping its chief nonsubjective through suitably designed economic and pecuniary policies. This mainly refers to three basic activities that EMU seeks to recognize: set uping a compelling pecuniary policy for the Euro Area, keeping monetary value stableness being the most of import issue, efficaciously organizing the economic policies of the Member States and doing certain the individual market is decently operated.Furthermore, the EMU brings together pecuniary policy and economic policy, designed for advancing growing and continuing the strength and the stableness of the euro. These policies are the concern of either European establishments or national 1s, or of both of them at the same clip. For illustration, the economic policy in the Euro Area is still mostly the duty of the Member States, even though the EU Treaties and the EU economic administration regulation s have strengthened and necessitate more coordination refering this facet, in order for the EU aims to be reached. The chief constructions and establishments that guarantee this coordination are ECOFIN and the European Parliament.Beginning: European CommissionIt is of import to advert that the Stability and Growth Pact is the chief usher for organizing economic policy-making in the EU. The Pact was adopted by the Council of the EU in 1999 and has been subsequently revised and strengthened in 2005 and 2011. Its chief function trades with the enforcement of financial subject in the EMU, by guaranting sound and sustainable public fundss. As a regulation, it requires the authorities debt and shortages non to excel 60 % and severally 3 % of the GDP. If a Member State exceeds these imposed bounds, so it will be necessary for it to take disciplinary action, an inordinate shortage process. In certain instances, the Euro Area Member States can besides be forced to cover with fiscal punishmen ts, which fundamentally defines the ‘corrective arm’ of the SGP.The ‘preventive arm’ of the SGP trades with avoiding the inordinate shortages processs and make financial consolidation by accomplishing the medium-term budgetary aims. These are established by each Member State in portion, taking into consideration its present economic state of affairs. However, it can non transcend 1 % of the GDP for the Euro Area states and those take parting in the ERM II. Unlike the ‘corrective arm’ , the ‘preventive’ one does non enforce countenances on the Member States that fail in run intoing the aim, but does promote the authoritiess to follow this peculiar way, as it will take to sustainable budgets.Monetary policy nevertheless, remains the chief of import portion of the EMU and accordingly, of the Euro Area. It is managed by the European Central Bank and the National Central Banks of the Euro Area Member States ( the Eurosystem ) and it fun damentally implies the procedure of act uponing both involvement and exchange rates for profiting the economic system of a state. This is the chief responsibility of the ECB – to command the supply of money and keep monetary value stableness in the country. Particularly, the ECB purposes at maintaining the monetary value rising prices below, but near to 2 % , this mark being considered ideal for advancing growing and employment.

Four Paired Stocks Worth Watching This Week Essay

Four Paired Stocks Worth Watching This Week - Essay Example However, at least three things mitigate this news. One is that the FDA is not compelled to heed the advice of its panels. Two is that pronouncements by spokespersons of the FDA point out that the recent panel recommendation summarized above is not likely to have an impact on existing applications for drug approval. This means that the applications for approval. Three, consensus wisdom from insiders is that at any rate, the two companies already have in their possession a wealth of existing, prior to approval clinical data on human trials involving measuring the impact of their respective medications on strokes and heart ailments, and can comply with the recommendations of the FDA panel if necessary, without resorting to new, pre-approval clinical trials. All these taken together means that while on the surface, the FDA panel recommendation seems to be somewhat of a drag on the approval train for Vivus and Arena, the reality, especially with the announcements of the FDA spokespersons hinting that the approval processes have a slim chance of being derailed, is that both companies are probably in for a rosy future as far as the approval process is concerned, at least at the moment. Indeed, in reaction to the news on the recommendation of the FDA panel, the stock prices of both Vivus and Arena rose (Edney and Larkin; The Fly on the Wall). This joint rise in the stock price underscores market perception and underlying market and research dynamics that couple the two stocks and make of the two a stock pair worth watching. Moreover, the two are locked in a tight race for billing and for first-mover, as well as for the corollary financial rewards, to get to market with their respective medications for obesity. It is interesting, looking at the stock price charts over the last six months, how in recent weeks the fate of the two stocks seem to have coupled even more tightly. Vivus shares spiked fifty percent in early February of 2012, and has plateaued at a level of arou nd US 20 dollars a share. Following this trend, Arena shares spiked 50 percent in early March, plateauing so far at around US 3 dollars a share. It is interesting to see how further milestones and market development for the two firms will reflect on their respective share prices (Edney and Larkin; The Fly on the Wall; Google Finance (a); Google Finance (b)). The market is on a keen lookout for key approval milestones for the two competing medications from the two firms. The drug Qnexa by Vivus seems to be ahead of the pack, with positive news coming from an FDA panel on February 22 of this year which weighed risks against benefits and found that the drug's risks were dimmed by its benefits. The FDA may or may not heed that panel finding, and at any rate come up with a decision on Qnexa by April 17 of this year. Lorcaserin, which was developed by Arena, is set for an FDA panel scrutiny by May 10. The FDA will then, by the 27th of June of this year, make its decision on the latter dru g. The consensus is that positive news for Qnexa/Vivus ought to translate to positive news for lorcaserin/Arena,

Parents Accountability for Their Childrens Delinquency Research Paper

Parents Accountability for Their Childrens Delinquency - Research Paper Example These factors consist of criminality of the parents, cruel and futile parental discipline to adolescence, antisocial/violent behavior, lack of parental participation in the adolescence activities, constant conflict in the family, abuse and or abandonment of a children, and negative response by parents (Patterson, Forgatch, & Stoolmiller, 1998; Walker et al., 1991). Should Parents be held accountable for their children’s delinquency? As much as the threat factors for criminal act during child’s tender age are more probable to be genetic, personality, and family unit factors, the fundamental position of recognized risk factors remains with the need to be elucidated, and no particular reason justifies or explains child delinquency. Somewhat, there are bigger quantity of risk factors. According to Demuth & Brown (2004), a juvenile’s resolution to participate in offending behavior is contributed by the parent or parental figurers’ use of direct, indirect and in ternalized controls. Usually, a parent begins to use these controls in formative years and continues their usage throughout the adolescence age. The juvenile development of psychological attachment and affection to his or her parents entails indirect control. The creation of a juvenile conscience throughout his or her life involves internalized control by parental figure or parents of a juvenile. On the other hand direct control involves supervision, restriction and punishment (Demuth & Brown, 2004). Family processes and delinquency research by Demuth & Brown (2004) resolute that control by parent especially via direct control through monitoring, parental involvement, supervision and closeness are negatively associated with delinquency. The research put into consideration... According to the research findings  a number of circumstances in the juvenile’s residence have been found to predict the start and persistent patterns of children and youth unsociable behavior. These factors consist of criminality of the parents, cruel and futile parental discipline to adolescence, antisocial/violent behavior, lack of parental participation in the adolescence activities, constant conflict in the family, abuse and or abandonment of a children, and negative response by parents.From this paper it is clear that  a juvenile’s resolution to participate in offending behavior is contributed by the parent or parental figurers’ use of direct, indirect and internalized controls. Usually, a parent begins to use these controls in formative years and continues their usage throughout the adolescence age. The juvenile development of psychological attachment and affection to his or her parents entails indirect control. The creation of a juvenile conscience th roughout his or her life involves internalized control by parental figure or parents of a juvenile. On the other hand direct control involves supervision, restriction and punishment. Control by parent especially via direct control through monitoring, parental involvement, supervision and closeness are negatively associated with delinquency. The research put into consideration different actions of parental direct control, for instance, obliging juvenile children to home at a given time, and threat of punishment in case of a wrongdoing.

How are women portrayed in the films of the 1960s and 1970s Essay

How are women portrayed in the films of the 1960s and 1970s - Essay Example The feminist beliefs differed from groups to groups and from one woman to another. By 1970s, the Second Wave Feminist Movements had inspired several men and women in the United States (Klinger, 2008). There was a change on the women perception in politics, media, private household and academia. Films produced in the 1960s and 1970s provide the best lenses upon which to perceive the depiction of the public on the role and status of women during the time. Dr. Strangelove, a film produced in 1964 is one such perfect film depicting the position of the woman in 1960s (Rosenstone, 2009). in the opening scene of the comedy, a member of staff of the United States Royal Air force is seemingly dressed to relax and flying above the Soviet Union. The member of US RAF whips out the latest playboy magazine and peruses through its pages. Whereas the actions in the short scene may not seem as a big deal, the scene optimizes the objectification of women that runs throughout the rest of the film. Stan ley Kubrick use satire in the movie to portray the lighter side of sad time on gender in the United States. Dr. Strangelove was produced during the period of Wave Feminism. While women of this period were allowed to vote, they lacked all the rights men held at the moment. Throughout this movie, women are either used merely for the benefit of men or are totally absent from the scenes. An excellent example of absence of women from matters important to the running of the nation is at the Joint Chiefs of Staff Meeting. There is not a single woman in the board rooms of the meetings that take a majority of the film. The quality of the film and the role of different genders in the movie portray the different perceptions of the people living at the time. Unlike present times where women take proactive part in cinemas, the 1964 production points to a time in history when women had not gained rights and respect (Rosenstone, 2009). They were not instrumental in the running of the state and mak ing important decisions of governance. Their role was supplementary to the duties of men. If a woman was to participate in any nation building activity, it would be under the shadow of her husband. Coming to the public limelight as an agent of change and constructive development of the nation was unheard of as depicted extensively in the film. While the services of women of the time were not directly outlined in the film, the role of women in satisfaction of basic needs of men was profound. Women were portrayed as objects of sexual satisfaction. The United States RAF pilot introduces this apparent place of women in the society of 1960s as he gets satisfaction from the Playboy Magazine by mere gaze at naked pictures of women. The first time the audience gets to meet a feminine character is with the entourage of Miss Scott. She echoes the director’s depiction of women as objects of sexual entertainment for men. Her sprawled out tuning under colored bright light in revealing bik ini leaving little to the imagination of the mind brings the point home that, indeed, women of the 1960s held no other position to men than massage their sexual ego (Klinger, 2008). The Graduate is the other film that tells gender and the way 1960s and early 1970s defined a change of the perception of both men and women on gender. The film narrates a story of two characters almost coming into terms with the dynamic meaning of gender at

Leadership and Why it is Imperative to Enforce Rules and Regulations Essay

Leadership and Why it is Imperative to Enforce Rules and Regulations Set in Place - Essay Example The military culture is a unique environment that fosters leadership in each soldier as a consequence of traditions, standard sets of values and ideals and norms of conduct established over a long series of generation of a nation. In other words, leadership is nurture, not nature. Since a military leader operates within a dynamic and politically sensitive environment, it is important that a military leader must influence each and every member of his chain of command to accomplish missions with a sense of purpose, direction and motivation. Military leaders in all levels must be able to effectively communicate, coordinate and negotiate with different individuals and groups representing various organizations within and outside the government, as well as with the local and international media. It could not be more emphasized that a nation’s sovereignty and security depends on a strong military leadership. Military leadership, in peacetime and war alike, must also be solidly ground ed on moral responsibility and selfless service by placing the welfare and needs of the people above all else. It is the kind of leadership that heavily invests on the performance of duties to the nation with the highest of integrity and even at the expense of personal sacrifice by every soldier. A good soldier knows this; he understands the strategic implications of his actions and behaviors on national objectives and takes a professional oath to that effect. And like every professional, a soldier as a leader must remain competent and functional in their designated fields, especially in the midst of fast-paced information and technological advances, and must be thoroughly knowledgeable on the constantly changing national policies, laws, and rules of engagement, as it spells the difference between the life and death. Since a military leader must mobilize his subordinates as a cohesive team, he must develop and ensure a positive command atmosphere to encourage honesty and confidence within each member of the team enough to build trust that their personal wellbeing are being seriously taken care of as well. Although a military leader should not be also afraid to exercise their authority to punish their subordinates who behave counter to unit tasks and standards that may compromise their objectives and missions. The nature of leadership in the military is therefore a continuous and progressive process defined by careful and methodical planning and strategy. The process of cultivating leadership in every soldier starts by proper training and education. Numerous military academies all over the world vigorously prepare the best and the brightest students for a military career by offering specialized courses specifically designed to prepare each student for their chosen branch of service upon graduation in direct response to the need of their respective nations. Such institutions play a key role in instilling values such as loyalty, respect, honor, and commitment int o aspiring soldiers from the beginning aside from honing their tactical and technical skills as warfighters, which would serve them well in time particularly in the frontlines of battle. As developing leaders, soldiers must learn how to always anticipate and manage sudden changes followed by the ability to act quickly and decisively under pressure. Soldiers assuming leadership roles must first determine what is expected of himself and his team, to assess the

At the Benihana Restaurant Essay Example | Topics and Well Written Essays - 750 words

At the Benihana Restaurant - Essay Example We got so curious that we set out on a task to see the different types of kinemes. The analysis we did was in a restaurant called Benihana restaurant. Being a social space we had an excellent chance of making appropriate observations on the various forms, emblems, illustrators, regulators, adaptors, and affect displays of kinesics. Emblems defined as a substitute for words and phrases. Illustrators are gestures that accompany verbal communication. Affect displays defined as gestures that show emotion. Regulators are gestures that control the pace of the conversation. Adopters are the gestures that reduce the tension between two people conversing. On entering the Benihana restaurant, the waiter ushered us in and we noticed that he had put on a broad smile when he was greeting us, and when directing us to the table the waiter used his hand to show as the location of the table reserved for us. We saw nods directed at us by some friends that were present in the restaurant, and this we as sumed was a form of greeting. As we had made an observation of illustrators, the waiter pointing into the direction of the table, the smile he directed to us on the entrance of the restaurant was an affect display and the nods directed to us by our colleagues’ we took them for emblems. ... The welcoming, smile by the waitress is an affect display, and the nod is an emblem. The restaurant was playing jazz music in the background; I could tell that a lot of people in this place loved this genre of music since most people were swaying their head to the flow of the music. A look at the people carrying on with their conversation we could see a lady who from time to time, kept rolling a strand of hair that kept falling on her face, this we assumed was her way of making herself comfortable. Looking around for other gestures, we came up with people tapping on the table, others continuously rubbed their hands together, while others took in deep breaths from time to time. These expressions are what we call adaptors. The affect displays we observed in the room made us know that most of the meetings in that room were romantic dates. We could tell this from the smiles exchanged for couples they were not just ordinary smiles but affectionate smiles. We also observed a couple holding hands from time to time, exchange of different kisses, peck on the cheeks, forehead and the back of the hands all served as affection displays. We also; had a look at the regulators which included people shaking hands before they departed while others exchanged kisses and departed. Some people glanced at their watches signalling the end of the meeting. Among the emblems that we observed in the restaurant included, nods that most of the time we interpreted as ok, a swaying of the head from side to side in a continuous motion meant a no, a lift of the shoulders with the hand spread meant a maybe, waving of hands continuously to say bye. In addition, the thumbs up sign to show agreement could be spotted. We came to a

Modern finance Essay Example | Topics and Well Written Essays - 2500 words

Modern finance - Essay Example (Campbell, 2008). Apparently, the current crisis may be attributed to the subprime lending made by the different financial institutions. However, at the core of it is a whole plethora of different variables which are not only correlated with each other but also created a combined effect on different macroeconomic variables too. The failure of financial institutions to regularly check in their appetite for taking more risk not only resulted into the current credit crunch but also indicated the degree of the regulatory control over such institutions to discipline their behavior. Northern Rock is such a financial institution in UK which required intervention from the government because of its apparent failure to sustain the losses incurred due to subprime mortgage episode. In this research study, the current credit crunch will be discussed with special focus on Northern Rock as a firm requiring official intervention. The credit crunch started to emerge during 2007 when in US, especially financial institutions started to witness defaults on payments of subprime mortgages. Subprime borrowers are termed as those borrowers are who have relatively high risk due to their past credit history. Therefore, under normal banking rules and practices, lending to such borrowers are riskier as in comparison to other borrowers. It is because of this reason that such borrowers are categorized as subprime and are charged relatively higher rates on the lending made to them. Historically, banks were more conservative in their lending practices and avoided to lend to such borrowers who lacked the capability to repay. However, with the innovation in the financial markets corroborated by liberalization of financial markets allowed financial institutions to innovate and roll out products which carried relatively high risk. This phenomenon was further aggravated with the globalization of the financial markets

About Sallie martin Essay Example | Topics and Well Written Essays - 500 words

About Sallie martin - Essay Example She was absorbed in a nearby Hospital while pursuing her desires in gospel in her off hours. She had heard of Thomas A. Dorsey that had electrifying gospel then in Chicago church culture that saw her arranged an audition. However, Sallie’s down-home style initially was at odds with Thomas A Dorsey’s fledging movement but later in 1927 joined the Dorsey Trio despite her serious misgivings about her unrefined style characterized with groaning and whooping besides a great deal of physical movement besides being unable to read music (Young 1997). Martin made her debut with his team in Ebenezer Church and in 1933 produced her first solo that instantly connected her with fans. She opened a music store that accrued a lot of profits leading to an adversarial and respectful relationship with Dorsey as they each inter-depended. Following the saturation of Dorsey songs in Chicago, she traveled to Cleveland in 1933 where she organized a chorus setting similar teams in South and Midwest. Martin and Dorsey became the co-founders, and organizers of the National Convention of Gospel Choirs and choruses serving as the vice-president till her death. She went solo in 1940 and teamed up with Ruth Jones, a young pianist. Martin together with gospel composer Kenneth Morris teamed up in 1940 with financial backer Rev. Clarence H. Cobb forming Martin and Morris, Inc. publishing company, the biggest of kind in America and performed with Ruth and arranger Roberta Martin. Sallie formed the Sallie Martin Singers with Roberta Martin, Eugene Smith and Willie Webb, the first female group in gospel history. Martin traveled the Gospel concert circuit as a soloist in conjunction with her singer team that stayed up to mid-1950s. Martin contributed greatly taking the leading role in the French production of ‘Gospel Caravan in Paris in 1979. Her hits were â€Å"Just A Closer Walk with Thee† and â€Å"God Put A Rainbow in the Clouds† and â€Å"He’ll Wash You Whiter Than Snow.† She was an

Psychology Assessments - Reliability and Validity Essay

Psychology Assessments - Reliability and Validity - Essay Example There are some cases in which an assessment instrument can be reliable but not be valid. Suppose for instance a person used an assessment instrument. There are corresponding results in the assessment using the said instrument. However, the use of the assessment instrument cannot be entirely valid if the person using it is not an expert at understanding the results from the assessment. Thus, this is the same as the assessment instrument is not valid at all considering that it gives results but cannot be acceptable. The assessment instrument therefore has to be used by the right person in order for its result to be valid and in general, it can be reliable. In this case, the reliability and validity of the assessment instrument is associated with its user. Thus, a higher level of reliability cannot be given to the assessment instrument considering that the validity issue is in question. In the above illustration, the entire issue is not a two-way process between the reliability and vali dity issues within the assessment instrument. There has to be another external factor and in this case the level of reliability and validity of an assessment instrument may vary with respect to its user.

Traveling Through the Dark Essay Example for Free

Traveling Through the Dark Essay When reading a poem for the first time, it is fairly easy to view it on a literal level. Nonetheless, after analyzing the purpose, tone, word choice, and figures of speech and how they simultaneously work together, the reader is hit with a whole new perception of the poem. William Staffords Traveling through the Dark holds this characteristic. The poem is about a man driving on a narrow road at night and his internal conflict triggered by an encounter with a dead deer along the road. He immediately leaves his car and walks toward the deer with the intention of rolling it into the canyon. However, when he discovers that this deer has an unborn fawn, the man is struck with an instant conflict. Does he push the deer off into the canyon? Or does he leave it alone and save the fawn while endangering the lives of others that will travel this narrow road? Stafford uses a mans simple confrontation with a deer as an instrument for conveying a deeper message about nature. He comes across a dead deer, and without hesitation, plans to push it into the canyon. This clearly indicates that the speaker holds no emotions whatsoever for the deer. Then, a conversational tone is thrown into the mix. The narrator is sharing and guiding the readers through his experience. He gives advice in line four, It is usually best to roll them into the canyon. This supports his informal attitude and establishes a relationship with the reader in hopes of allowing the reader to feel the way he does. Several symbolic elements emphasize the theme of Traveling through the Dark, all within the last three stanzas of the poem. The first symbol, an unborn fawn. The fawn represents the future of nature in the changing world. Although the mother, or nature in present time, has been killed the fawn still waits alive, still, never to be born (11). The fawn waits in hope that it will live to breathe air, in the hope that the speaker will save it. However, technology is also competing for the speaker’s attention. The first three lines of the fourth stanza make the idling car into a mechanized beast that kills nature. Some details about this mechanized beast are on lines thirteen to fifteen where the car aimed ahead (13) its lights, purred (14) its steady, idling engine, and emitting warm exhaust turning red (15). The third and final symbol is revealed only in the last stanza. On line seventeen, I thought hard for us all exhibits the fact that the speaker is representative of all mankind. The speaker represents mankind coming around the curve in the dark. He symbolizes mankind being caught in the struggle between nature and technology. Nature in the form of a dead doe is portrayed as an object worthy of pity while the mechanical beast is a ruthless image. Among the various descriptions relating to the dead doe, the most conspicuous is of her being large in the belly (8). The heap, a doe (6) describes the speaker’s first impression of the recent killing. Aside from those two images, the other description of the doe correlates to the sense of touch; the speaker notices that that the doe’s side was warm (10) after brushing finger against her fur. Stafford describes the car with regards to three of the body’s five senses. The car is described as having its lights lowered (13) or dimmed, casting the scene in shadows. The steady purring emitted from the engine appeals to the speaker’s sense of hearing. Warm exhaust (16) caresses the speaker, stimulating the speaker’s sense of touch.

Local Area Networks Interconnection

Local Area Networks Interconnection This lab is designed to demonstrate the implementation of switched local area networks. The simulation in this lab will help you examine the performance of different implementations of local area networks connected by switches and hubs. A hub forwards the packet that arrives on any of its inputs on all the outputs regardless of the destination of the packet. Hub has only one collision domain. On the other hand, a switch forwards incoming packets to one or more outputs depending on the destination(s) of the packets. Switches has separate collision domains for each connection. Here we will study how the throughput and collision of packets in a switched network are affected by the configuration of the network and the types of switching devices that are used. Implementation of Network The implementation involves series of steps as follows: We select the network topology as star and edit all the attributes as per the lab manual. The next step is to configure the nodes of the network for setting the traffic generated by each station. The network consists of 16 nodes each of which is connected to a hub by a 10 Base-T Ethernet. The statistics are chosen for the simulation. We select the delay(sec), traffic sent ( packets/sec), traffic received ( packets/sec) and the collision count. The simulation is configured for the time duration of 2 minutes. The next step involves duplicating the scenario in order to have two hubs connected by one switch. Finally, the simulation is run and the results are compared for their performance based on the statistics chosen for simulation. Lab Results: We have experimented with two scenarios i.e. Scenario1: Only hub Scenario2: Two hubs and a switch. The statistics chosen for comparing the above mentioned scenarios are Ethernet Delay (sec) Traffic sent (packets/sec) Traffic received (packets/sec) Collision count. As per the implementation steps followed, we received the following results given below: The two figures given below compares the traffic sent/received(packets/sec) in the two scenarios. The Fig#1 indicates that the average time to send the data packets in a network with a hub or a hub switch is the same or almost identical. The Fig#2 indicates that the average time to receive data packets or the throughput in case of a hub switch network is more than that of a network with only hub. Fig1. Indicates the time average for traffic sent in packets/sec Fig2. Indicates the time average for traffic received in packets/sec The two figures given below compares the collision count and the time delay in the two scenarios. The Fig#3 indicates that the collision count in a hub and switch network is lesser than in an only hub network. The Fig#4 indicates that Ethernet delay in a hub and switch network is lesser than in an only hub network. Fig3. Indicates Ethernet collision count for the two scenarios Fig 4. Indicates Ethernet delay(sec) for the two scenarios. The Fig#5, compares the collision count in both the scenarios i.e. with only Hub and in HubSwitch networks. It shows that the collision count for only Hub is maximum as compared to the collision count for a HubSwitch network. The collision count for the Hub1 and Hub2 in the office network have almost the same collision rate. Thus, it proves that the collision rate reduces in a network with a switch compared to the network with a hub. Thus, the throughput of switched network is greater than only hub networks. Fig 5. Indicates the collision count of the Hub in the Only Hub network and the Hub1 and Hub used in the Hub and Switch network. Question and Answers Q-1 Explain why adding a switch makes the network perform better in terms of throughput and delay. Ans: As per the collision count identified for both the network with only Hub and other with a Hub Switch, the collision count for the Hub1 and Hub 2 in a switched network is much lesser than the Hub1 in the only Hub network. This happens because of the following reasons: As soon as the Hub receives the packets at its input ports, it forwards them to all outputs irrespective of the destination of the packet to be sent. This increases the chances of collision in hubs. Where as, in case of a switched network, the switch can receive the packets at its input ports in parallel, and forwards multiple packets to their destined addresses at the same time. In the lab experiment, there exists two hubs i.e. Hub1 and Hub2 with a switch connecting the two in the middle. Both the hubs receive the packets. The switch acts a a mediator between the two hubs and forwards the packets from one hub to the other with lesser collision. Thus, the switch helps to reduce the collision rate compared to that with a single hub. Hence, this improves the network performance in terms of throughput and delay. Q 2 We analyzed the collision counts of the hubs. Can you analyze the collision count of the à ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€¦Ã¢â‚¬Å"Switchà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ã‚ ? Explain your answer. Ans: In the experiment, we have analyzed the collision counts of the hubs in both single and double hubs with a switch networks. From the results obtained from the experiment, it clears tha fact that the collision count using a switch reduces to a greater amount compared to that without a switch. This is due to the fact, that the switch can receive the packets in parallel and buffer the same in case of heavy incoming traffic and also forward the same in parallel to their destined address. Since, there is always a full duplex communication between the switch and the hub, thus the packets exchanged will never collide with each other. Thus, there are hardly any collisions in case of switch. Q 3 Create two new scenarios. The first one is the same as the OnlyHub scenario but replace the hub with a switch. The second new scenario is the same as the HubAndSwitch scenario but replace both hubs with two switches, remove the old switch, and connect the two switches you just added together with a 10BaseT link. Compare the performance of the four scenarios in terms of delay, throughput, and collision count. Analyze the results. Note: To replace a hub with a switch, right-click on the hub and assign ethernet16_switch to its model attribute. Ans: In the first scenario we have duplicated the scenario consisting of only a hub. Thus, the only hub shown in Fig3.1 has been replaced by a switch as shown in Fig3.2. In the second scenario, we have duplicated the network with Hub and a switch as shown in Fig#8. Thus, the two hubs in Fig3.3 have been replaced by two switches and have removed the older switch as shown in Fig3.4. Both the new switches have been connected using a 10 BaseT link. Fig 3.1 N/W configuration with only hub. Fig 3.2: N/W configuration with only switch. Fig 3.3 N/W configuration with two hubs and one switch Fig3.4 N/W configuration with two switches Comparing the Results: The four scenarios which have been compared include the following: (1) Network with only a hub (2) Network with a Switch and a Hub (3) Network with only a switch (4) Network with two switches. In the Fig3.5, the graph compares the Ethernet delay in seconds for all the four scenarios. It shows, that the time delay is maximum for a network with a single hub and least for networks with no hubs but switch(s). Thus, the graph shows that the time delay reduces with the number of switches added in the network The Fig3.6 compares the throughput i.e. the number of packets received per seconds for all the four scenarios. As per the graph, the throughput is almost the same and maximum for the networks consisting of one or two switches. Whereas, the throughput is less with only hub in the network. Thus, the no. of packets received is greater for the networks which are switched based. Fig 3.5 Compares the Ethernet delay in sec for four scenarios. Fig3.6 Compares the traffic received (Throughput) in packets/ sec for the four scenarios. We have not compared the collision count for the four scenarios because the collision count is very less in case of switched networks. Conclusion From this lab experiment we have concluded that the switched networks have better throughput, delay and collisions compared to the network with Hubs. The difficulty faced while performing the experiment was the reading of collision count for the switched network with two hubs and the switch in middle. We faced issues in collecting the combined results of collision for the first two scenarios. But towards the end of the lab experiment, we received good hands on experience on Opnet, and the advantages of having a switched network compared to hubs.

Development of an Electronic Car

Development of an Electronic Car Group number 5 Krunal Pathak C0690657 Jayanth Siripireddy C0684870 Unnati Varma C0689270 Sagar Kaklotar C0686834 Venkateswarlu-C0691743 Vikas Rathod-C0684723 The production and use of traditional gasoline-powered cars have a huge environmental negative impact. The pollutant emissions from our cars contribute to unhealthy air and are the major cause of global warming by trapping solar energy in the atmosphere. In addition, these vehicles affect the environment by creating noise, which can disturb work, relaxing and sleeping. In this context, electric vehicles represent the future they can be powered by electric energy produced from many different sources and dont have a combustion engine that burns gasoline and produces CO2. Tesla Motors company was founded with the mission of accelerating the worlds transition to sustainable energy. The companys main purpose is to prove that electric cars can be better than powered-gasoline cars. Tesla Model-S projects objective is to develop a premium electric sedan vehicle that competes with brands like BWM, Mercedes, and Audi. The Model-S should prove that an electric car can have, at the same time, electric powertrain, attractive design, and high performance. This project follows Tesla Motors business plan to expand downmarket from the high-performance Tesla Roadster sports car. Total project planning will be divided into 9 subsidiary plans, as detailed below. This planning will be initiated on October 24th, 2016, and its expected to finish on March 03rd, 2019. The total budget allocated for covering all planning activities is $ 30,000,000. Â   Â   Â   Tesla model-S Interior 17 inch touch screen is the most attractive feature tesla is including in Model-S car(contract administration build below for the touch screen procurement) CONTRACT SUMMARY: Contract awarded based on the following: Comparison of outsourced cost and in-house course Compulsory requirements Financial documents for vendor Experience and general qualifications Technical qualifications for past performance Quality Cost Vendor ability to provide all items on required date Contract Name Firm Fixed price All the items that are procured for the project will be under FFP (FRIM FIXED PRICE). For each item to be procured concerned person is responsible for making the purchase per the FFP contract type since the manager has a limited budget we are adopting FFP contract type now the seller is responsible for product submission within the limit of time and cost. The manager must ensure the correct scope of product achieved or not. Start and Finish Dates March 2017 to December 2017 Contract Value $1,000,000 Owners / Key Representatives Nominated contact Role Sagar kaklotar Procurement manager Kunal Pathak Project manager Supplier details Infosys Contract Objectives Item/Service Justification Category Needed By Software for 17-inch screen Software needs highly skilled labors, servers, and equipment that we dont have it. Software January 2018 The manager must identify the risk involves in the procurement of the product or service. for each identified risk the manager should make a mitigation plan by taking the expert legal judgment and make a proper documentation of each identified risk add it to risk management log. This project involves multiple contracts so the manager should do check for interdependencies of activities so one risk response plan might not trigger the other risk. Contract and Supplier Management Plan: Contract Name: Firm Fixed price Contract No: 11 Contract Manager: Jayanth Siripereddy Legend: CM Contract Manager PD Procurement Department RM Risk Management Department Con Contractor Pre-Commencement Stage Actions Who Completed Yes No Date Completed Comment 1. Contract Documents Prepare and send letter of acceptance Procurement department yes 17/01/2017 Once the bidder is confirmed send the formal letter of acceptance, and invite them for negotiations. Prepare contract documents and arrange signing and sealing Procurement department yes 20/01/2017 Awarded contract firm fixed price to the Infosys, and explained more about contract and claims Read and understand both specification and terms and conditions of contract Contract manager Yes 22/01/2017 Held a meeting with Infosys business analyst, explained each other term and conditions of contract and project requirements. 2. Transition Plan Prioritize all transition activities and confirm timeframes and milestones with all parties Contract manager Yes 23/01/2017 List of activities and time frames mention in the procurement management plan given to the contractors. Involve and communicate with all relevant parties as per nominated transition activities Contract manager Yes 24/01/2017 Procurement department contract manager, project manager, and Infosys must follow the given communication management plan. 3. Contract Management Plan [CMP] Prepare CMP, sign off and file Contract manager Yes 29/01/2017 Contract management plan prepared by the project manager signed off by the Infosys Inc. 4. Insurance Obtain all required Insurance Certificates. Procurement department Yes 31/01/2017 For the identified risk, insurance obtained from TD bank per the budget. 5. Security / Retention Obtain updated Irrevocable Bank Guarantees for amounts as per tender document Contract manager Yes 02/02/2107 A bank guarantee obtained from the Infosys in the case of irrevocable payment due. Confirm retention amounts and set up in payment schedules Contract manager Yes 04/02/2017 All payment schedules and retention amount details documented in the procurement management plan and signed off by Infosys 6. Key Performance Indicators [KPIs] Develop auditing system using KPIs and measuring matrix Contract manager yes 05/02/2017 Auditing dates are planned and updated to the quality management plan, manager should commence them on date without delay Ensure staff are familiar with system and auditing process Contract Manager Yes 06/02/2017 Auditing date and systems clearly explained to the technical staff working on touch screen activity 7. Risk Assessment Plan Use risk management system to develop a contingency plan based on nominated and other risks Contract Manager/Risk Manager yes 17/02/2017 For all the nominated and identified risks, contingency plan and risk response strategies were prepared and updated the risk management plan. Ex: The main risk for touch screen task is end user bugs, hiring automation tester is the contingency plan for this. 8.Contract Meeting Facilitate a contract management meeting to discuss all pre-commencement requirements Contract Manager/ Business analyst (Infosys) yes 22/02/2017 Facilitated a pre-commencement meeting and handed over all risk, quality, scope and contract document. Future meeting schedule also submitted. Ensured the contract is beginning on time Document all agreed outcomes of the contract management meeting Contract Manager/ Business analyst (Infosys) Yes 26/02/2017 After meeting facilitated on 22nd February BA gone through all the documents Tesla produced and agreed on 26/02/2017. Post Contract Commencement Stage Actions Who Completed Yes No Planned Date Comment 1. Contractor Performance Audit Forward copy of audit results to Contractor and record any non-conformances Contract Manager No 04/04/2017 The audit will be performed by Teslas audit committee to confirm that all the standards procedure agrees on followed and the result of it will be sent to Infosys. Notify Risk Dept. of any breaches and determine appropriate actions Contract Manager/ Risk Management Department No 01/05/2017 During the audit, if any new risk identified or any breach of the agreed terms in contract found, it must be communicated to risk department. Meet with contractor to discuss non-conformances and agree on remedial actions Contract Manager/ Risk Management Department No 04/05/2017 All the deficiencies and defects found must be discussed with Infosys to agree on to fix the issues found in software. 2.Contract Meetings Prepare agenda and forward invitation and agenda to contractor Contract Manager No 06/06/2017 Contract manager should be prepared the agenda of the meeting and must inform Infosys with the invitation. Record minutes of meetings including any subsequent actions to be carried by either party Contract Manager No 26/08/2017 If any actions required by Tesla or Infosys, it should be recorded in the minutes of meetings. Forward copy of minutes of meeting to contractor Contract Manager No 27/08/2017 A copy of minutes of the meeting must be forwarded to Infosys prior of meeting and should one week ahead. 3.Payment Claims Upon receipt of claims ensure that works completed are in accordance with claims. Contract Manager No 31/09/2017 Contract manager will ensure all work completed is either meets contract requirement or not in accordance with the claims of the Infosys Make payment adjustment for defective deliverables Contract Manager No 2/10/2017 As per the quality testing report, the defective screen will be taken into consideration by contract manager before moving further towards financial department procedures Actions Who Completed Yes No Date Completed Comment 4.Performance Auditing Conduct regular contractor performance audits in accordance with specification Contract manager No 5/05/2017 Contract manager will check performance and standards of each product. Record audit results and provide a copy to contractor Contract Manager No 6/05/2017 Recording of audit results to be done in order to keep the results for future reference. As an agenda item for Contract Meetings discuss outcomes and how any under-performances may be improved Contract Manager No 31/05/2017 Meetings discussion will help to improve the quality of product and its performance. Conduct annual review of nominated KPIs with Contractor to ensure continued relevance to the delivery of services including any changes to scope etc. Contract Manager / Contractor No 5/10/2017 It will be useful to keep a record for future procurement that the KPIs for the product is are always matched or implemented without any exclusions. 5.Contract Extensions With service contracts, be aware of nominated notification periods to the contractor as to Councils intentions to extend or not. Contract Manager No 01/12/2017 Contract manager will decide through current report whether to continue with this vendor or not Notify contractor in writing of Councils intention regarding extension Contract Manager No 02/12/2017 As per agreement contract manager will notify to the vendor before 3 months if they require extending procurement. Actions Who Completed Yes No Date Completed Comment 6.Contract Expiry/Transition Out Develop transition out plan in conjunction with contractor Contract Manager / Contractor No 25/12/2017 Teslas contract manager should plan with the involvement of Infosys that how and when the expiration of contract will take place. Conduct contract meeting to consolidate actions, responsibilities, and timeframes Contract Manager / Contractor No 27/12/2017 This meeting will be held by Tesla to combine the actions of Infosys with them before closure of the contract. Take receipt of all intellectual knowledge belonging to Council Contract Manager / Contractor No 28/12/2017 Tesla must be verified that all the intellectual properties of the software must be transferred to them by Infosys as per the contract. Conduct exit audit with outgoing and incoming contractors to identify outstanding work and overall standard of relevant assets Contract Manager / Contractor No 30/12/2017 It is the duty of contract manager to make sure that Infosys finished all the work as per the contract and nothing is outstanding before moving to closure. Negotiate any final payments based on incomplete or sub-standard works Contract Manager / Contractor No 31/12/2017 As per the contract established with Infosys, any work found below standards or incomplete, there will be a deduction in payment. Contract Variation Form Variation number: 1 Date: 01/ 04 /2017 Description of proposed variation and reason: Variation: Tesla motors asked for separate application within the android that could support the 17inch touch screen. For this task, Infosys is awarded FFP contract, now after all negotiation and contracts signed. Now, Tesla proposed the new operating system for the same time and cost instead of the android application. Reason: For the android application, the end user may need extra security to protect the application. It may crash because of malware. Will the variation be at an additional cost to original contract amount? Yes No If yes date quotation for variation is to be received by: 04/04/2017 Contractors Response: Infosys agreed to the change, but the production cost increased as per their quotation. Costings: *Remove whichever does not apply Original contract value $1,000,000 *Time/*Works Variation cost $50,000 Other variation adjustments to cost $30,000 Revised contract Value $1,080,000 Contract Dates: Original Practical Completion 31/12/2017 Additional time required due to variation 4 months New Date of Practical Completion 31/04/2018 Signed on behalf of the Contractor: Date 7/04/2017