Market Survey on Commodities Future Trading Free Essays

string(187) fitting correspondence message for pulling in the individuals to Geojit COMtrade Ltd SCOPE OF THE STUDY Globalization of the money related market has prompted a complex increment in investment. An Industry Internship Project On COMMODITIES FURTURE TRADING WITH RESPECT TO GEOJIT COMTRADE LTD †MARKET SURVEY Done at CALICUT, KERALA Under the direction of MRS. C. ANITHA RANI (Asst. We will compose a custom article test on Market Survey on Commodities Future Trading or on the other hand any comparative point just for you Request Now Educator of Marketing Dept. ) (Project Guide) Mr. CHACKO . C. VARGHEESE (Regional chief) (Corporate Guide) Submitted By: LAKSHMI. P. K Roll No: 20028 SIVA SIVANI INSTITUTE OF MANAGEMENT KOMPALLY, SECUNDERABAD Acknowledgment As a matter of first importance I might want to say thanks to Geojit COMtrade Ltd, which is a main association in product exchanging, for allowing me a chance to work with them and to do Market Research to increase viable information on how a Commodities Company functions. My extraordinary commitments to my corporate guide Mr. Chacko C Varghese, Regional administrator, GC Branch, Calicut, for allowing consent to do the undertaking in their regarded association. I say thanks to him for devoting his important time in exploring my venture work intermittently and for guiding me as far as possible. I am profoundly obligated to thank my staff guideAsst. Prof. C. Anita Rani. I likewise prefer to thank every one of my resources who have shown me and haveshared their involvement in mewhich has helped us in doing my undertaking. I am grateful to Mr. Ajeesh Paul and Mr. Bijesh K. B, senior administrators of Geojit COMtrade ltd, Calicut who was consistently prepared to explain my questions identified with the theme. Also, my true gratitude to them. Additionally, I am grateful to my family, companions, and colleagues and to the Almighty. Date: Signature Place: DECLARATION I, Lakshmi. P. K announce that this venture entitled â€Å"Market research on ware future exchanging regarding Geojit COMtrade Ltd. †, submitted for the honor of the PGDM Triple Specialization is a record of unique task †research study-did during April fifth June fifth) , that the venture has not framed before the reason for the honor of any Degree/Diploma/Associateship/Fellowship of some other comparable title. Ithas been finished by me at Geojit COMtrade Ltd, Calicut under the direction ofAsst. Prof. Anita Rani,faculty of showcasing division of Siva Sivani Institute of Management. Date: Signature Place: C O N T E N T S DECLARATION Acknowledgment CERTIFICATE TABLE OF CONTENTS PAGE NO Chapter †I Presentation 5 Statement of issue 5 Objectives of the investigation 6 Scope of study 6 Literature Review 6 Chapter †II Industry Profile 8 Company Profile 19 Departmental Details 26 Part III Research Methodology 44 Sources of information 45 Sampling Plan 45 Limitations 45 Chapter IV Data Analysis: Interpretation and Findings 46 Chapter-V SWOT Analysis 71 Conclusion 73 Suggestions 74 Bibliography 75 Annexure 76 CHAPTER - I INTRODUCTION Commodity exchanging is a zone which has picked up noticeable quality since the time the beginning of development. It tends to be ascribed to the way that products are a basic piece of our lives. Over these years there has been a colossal development in this portion which thusly has gone about as the mainstay of solidarity for the improvement of our economy. This has made it an alluring venture road for financial specialists. Prior we saw part of cash being put resources into those organizations which worked in the creation of wares. Presently we have a pattern inversion; wares have picked up unmistakable quality over the occasions. The quickly propelling innovation, especially the Internet, has definitely changed the social and financial scenes and each part of our day by day lives. In the Securities Industry Futures Commodities, the Internet has encouraged on-line exchanging, changing the manner in which the market works, just as the manner in which the financial specialists get to the market. Having exploited data innovation at a perfect time, India has risen as a front-running nation of on-line exchanging the worldwide protections items markets. On-line trading† is extensively characterized as an exchanging system where speculators place arranges and affirm exchanging results by means of electronic correspondence channels, for example, the Internet, cell phones, In India, the entire procedure of protections products exchanges, from request position and steering, request execution, to exchange affirmation, is completely mechanized, along these lines empowering the financial specialists who have put requ ests to affirm their exchanging results inside couple of moments. Geojit COMtrade Ltd. is a product exchanging administration firm. It works in horticultural items, base metals, valuable metals, bullion, and vitality. The firm takes part in exchanging administrations on items exchanged on the MCX and NCDEX in India. Its Research Division offers specialized and essential exploration administrations. The firm likewise gives research on business sectors, cash, and economy. Geojit COMtrade Ltd. is situated in Kochi, India. Proclamation OF THE PROBLEM Online future items exchanging include individual components, specialized variables, business factors and monetary elements. The exchange of these components on items showcase requires a profound report about the example procedure and methodology and execution. This examination is planned to distinguish the different ideas about online items exchanging and its method of working. 1. To distinguish the degree of consciousness of items online future exchanging. 2. To distinguish the objective purchaser for web based exchanging of items. 3. To recognize the inclination of clients to different speculation roads like item advertise, shares, common store, bank stores, protection, debentures and mail station investment funds. 4. To distinguish the mindfulness level of Geojit COMtrade Ltd. furthermore, criticism from the clients about the firm. Destinations OF THE STUDY My venture work customized was additionally coordinated to some specific targets and the principle destinations of the investigation are as cry; 1. To plainly express the mindfulness level about Geojit products 2. To comprehend the impression of individuals about Geojit products 3. To devise a methodology by making individuals mindful of Geojit items The Main reason for leading the Survey for Geojit COMtrade Ltd * To distinguish the objective shopper for products business. * To recognize the inclination of clients to different speculation roads like item showcase, shares, common reserve, bank stores, protection, debentures and mail station investment funds. To distinguish the mindfulness level of Geojit COMtrade Ltd. furthermore, input from the clients about the firm. * To get a vibe of the Customers’ recognition about Geojit wares administrations items. * To locate a proper correspondence message for pulling in the individuals to Geojit COMtrade Ltd SCOPE OF THE STUDY Globali zation of the money related market has prompted a complex increment in venture. You read Market Survey on Commodities Future Trading in classification Exposition models New markets have been opened; new instruments have been created; and new administrations have been propelled. Moreover, various chances and difficulties have additionally been opened up. Online Commodities exchanging is new when contrasted with Equity advertise in India. For the most part three trades are engaged with online items exchanging MCX, NCDEX NMCE LITERATURE REVIEW such a significant number of studies are made in the zone of ware future exchanging. A portion of the significant investigations are explored as follows; In a notable writing study on product prospects exploration, Gray and Rutledge saw that, ‘Anyone who embraces a review of the writing on fates exchanging is gone up against with an indistinct and rather incoherent rundown of distributions (1971 p 57). A portion of the pioneers in fates research, as Hol stream Working, Roger Gray, Tom Hieronymus, Allen Paul, and Henry Bakenwere dependent on a top to bottom comprehension of monetary foundations, a valuation for the serious issues confronting the business, and cautious examination of important information. Dark and Rutledge (1971) give the most extensive study on fates markets and the subjects canvassed in their survey incorporate developmental parts of prospects markets, between fleeting value connections, and idea of supporting, value inconstancy, and the stochastic idea of value variances. The Keynesian hypothesis of ordinary backwardation was probably the most punctual hypothesis of the between worldly prospects costs and it proposed that fates costs are one-sided assessments of pending money costs since hedgers must remunerate theorists for expecting the value danger of holding future agreements * Working (1949) built up the possibility that the essential capacity of ware fates markets was the arrangement of the profits for the capacity administrations, and he saw between transient costs as the mutually decided cost of capacity. Holbroook Working (1953) sorted elective thought processes in business supporting in the product prospects and these classifications keep on being legitimate today. The three exchange supporting, operational supporting and expectant supporting. Since the fates and money cost meet in the conveyance month, a business firm can ‘arbitrage’ the two markets and acquire a hazard free come back from the anticipated change in the premise the numerical contrast between the fates and money cost. Operational supporting encourages business by permitting firms to purchase and sell on the prospects showcases as transitory substitutes for the resulting money advertise exchanges. This gives firms a road for being adaptable in everyday tasks and diminishing value hazard. Expectant supports include purchasing or selling fates decreases by business firms in ‘anticipation’ of the pending money advertise exchanges. Value desire assumes a significant job in this kind of fence. * Leuthold and Tomek (1980) clarified that semi-perishables (e. . , spread, eggs, onions, potatoes) were exchanged at the turn of the ce

English Essay Example | Topics and Well Written Essays - 500 words - 1

English - Essay Example The impact is pulverizing to wellbeing. One out of three kids who were conceived from 2000 will contact beginning stage of diabetes and among the minorities, that will be one of every two or 50 %. Episodes of E-coli are as of now basic that takes cost to our wellbeing because of unnatural method of developing and preparing this nourishments which are requested by quick nourishments. Second Paragraph: Hidden Cost in Encouraging Locally Produced Food (maybe you need to reconsider this, I saw the film and this doesn't fit) The concealed expense in empowering privately delivered food is that will be that it is increasingly solid since it is developed by ranchers in the regular route and as such natural and sound. At the point when the food that you purchase doesn't need to travel that long, no additives are added to it to store it longer. It will likewise debilitate worldwide enterprises, particularly the cheap food partnerships, to control and request how the food business ought to be d elivered. At the point when their control is debilitate in the food business by empowering privately delivered food, the motorization of the food business will likewise be disheartened. Third Paraghraph: Hidden Cost in Encouraging Others to Shop Locally Shopping locally will make interest for the nearby produce of the ranchers and will make their items increasingly practical in the market. As the film puts it, the appropriate response ought not be David battling Goliath however nearby makers ought to resemble Goliath.

How Thinking Like A Scientist Can Make You More Productive

How Thinking Like A Scientist Can Make You More Productive Theres a very particular way of thinking thats prevalent among scientists. Scientists work on studies and experiments. For each one, they determine a hypothesisâ€"a prediction of what will happen during the experiment. But heres where things really differ from the way most of us think: experiments dont fail or succeed. They simply prove or disprove the hypothesis. A scientist hasnt failed in their work if their hypothesis turns out to be incorrect. Rather, all they have to do to succeed in their work is run the experiment and collect data. That data helps them form new hypotheses and run further experiments. Compare that to how you think about your work. If you have a deadline, or a side project youre working on, or a promotion youre aiming for, you probably have a clear definition in your head of success and failure. And youre aiming for success, right? Theres no scientific process when it comes to getting your work submitted by a deadline. You do the work well or not, and turn it in on time, or not. But, though it might seem out of place, bringing this scientific way of thinking in to your work can be surprisingly effective in helping you succeed more. Lets take a look at two particular examples where this is the case. Thinking Like a Scientist to Increase Your Chances of Success Taylor Pearson writes of Buckminster Fuller, an incredibly productive scientist who published more than 30 books, as well as inventing various architectural designs, and even coining new terms such as Spaceship Earth. Pearson tells the story of a low point in Fullers life in 1927, when his familyâ€"including a new babyâ€"was struggling financially after hed lost his job. It was at this point, when Fuller was on the brink of giving up on life entirely, that he realized he had nothing to lose in terms of how he lived in the future. He resolved to live his life with the mindset of a scientistâ€"continually experimenting, tweaking, and experimenting again, to see how he could best contribute to humanity. My objective was humanitys comprehensive success in the universe, he once said. Looking over his achievements, one could say his experiments turned out rather well. Fullers approach was to act as if he were two people: Fuller the scientist, and Fuller the operator. His operator self carried out his experiments, living his life and doing his work based on the parameters set by his scientist self. Fuller called himself Guinea Pig B, with B standing for Bucky, as he was known to his friends. After each experiment, Fuller the scientist examined the data, adjusted for a new hypothesis, and started a new experiment. His experiments generally took the form of designing some new inventionâ€"most of which were failures. But he didnt quit. After all, he was on a lifelong mission to determine what he could contribute to humanity. Each new invention he worked on was another data point in his 50-year experiment. While I wouldnt suggest such an extreme approach for anyone, least of all those with a new baby at home and no job, its worth noting that the scientists approach to thinking turned around a man ready to give up on life and made him a prolific writer, inventor, and designer whos well-remembered today. On a smaller scale, approaching your work as both a scientist and a guinea pig may help you find the key to productivity you cant see otherwise. By running experiments and taking a step back to examine the results after each one, you can continue adjusting your approach until you find what gives you the most productive output possible. To get started, you might try experiments such as these: Use a standing desk for a week Exercise before work to improve your mood and mental clarity Trying working from another room or in a café for one day per week Batch your email processing into one or two periods per day, and keep your inbox shut in-between those Schedule all calls and meetings for one day per week and keep other days free for focused work Dont forget one of the critical parts of the scientific method: gathering data. First, write down your hypothesis: what do you think will happen during the experiment? Then, find a way to measure what happens. It might be keeping a tally of how many tasks you get done in a day, what type of work you get through, or simply using a time tracking app to note how you spent your time overall. As Pearson says, one of the most important parts of designing experiments is to ensure youve clearly outlined the parameters ahead of time. By treating life as an experiment, he says, you can limit downsides and maximize upside by removing your ego. Once you start putting the experiment into effect, says Pearson, your ego is involved. Knowing ahead of time what fits the parameters of your experiment and what doesnt takes away the uncertainty of what to do in the momentâ€"and ensures youll have solid data to work with after the experiment is over. You need to understand that the success of that one experiment doesn’t define your success as a scientist, it’s the aggregate that matters. â€" Taylor Pearson Work smarter, not harder. Thinking Like a Scientist to Overcome the Fear of Starting New Projects Side projects, unlike our day jobs, tend to reveal a lot more about us. Theyre more linked to our identities and our valuesâ€"in short, our egos tend to be more wrapped up in our personal projects. For this reason, theyre also more scary. Its a lot harder to face failure in a passion project than it is in a task assigned to you by someone else. Entrepreneur, designer, and writer Paul Jarvis says fear kept him from starting new projects for a long time, leaving his skills and experience stagnating. I used to let fear of a failed side project keep me from trying new things outside of my normal workload, he says. My day-job was comfortable, so I didn’t want to fail at something new. When Jarvis realized he wasnt pushing himself creatively, he knew side projects were the perfect way to do so. Side projects, he says, give us a chance to push new skills, flex our creative muscles, and give us testing grounds for new and innovative ideas. Jarvis found a way to push through his fear of failure: he started thinking of his personal projects as simply experiments. He took the succeed-or-fail risk out of them, which also took away the fear. Experiments dont failâ€"they simply prove or disprove a hypothesis. For example, despite my day job as a designer I had the hypothesis that I could also write an e-book. I then simply started writing. I didnt focus on the outcome, how the book would be received or what others would think of it. I figured, lets give this a try. These days Jarvis has expanded his projects to include multiple online courses, two podcasts, and publishing four books. Like Fuller, approaching every new project as an experiment has helped Jarvis increase his outputâ€"but more importantly, hes not afraid to try new things anymore. By framing the side projects Ive done as experiments, Ive had both the confidence to pursue them and the ability to judge them less harshly when they didnt work. Jarvis says treating his projects as experiments means he has to act in two modes. Dont create your experiment and judge it at the same time, he says. Creation and judgment are very different thought processes and can interfere with each other, and must be done separately. He also finds it important to focus entirely on the task at hand, and not think about the end result. The purpose of each experiment, after all, is to allow you the confidence and freedom to try things without worrying about success or failure. Remember: these are  experiments. Not full-time business ideas. â€" Paul Jarvis Once each experiment is over, Jarvis either changes the parameters and tries again, or moves on to something new. He warns against repeating the same experiment over and over, hoping for a different result. If you want a different outcome, he says, you have to change your experiment up a littleâ€"refocus for a new audience, try a different medium, or try experimenting with a new idea completely. The projects you apply this approach to will depend on what skills you want to develop, but here are some ideas to get you thinking: Writing a book or online course Cooking an ambitious meal Building an app or website Running a workshop Running a crowdfunding campaign for something youve designed Starting a podcast or blog Whether youre thinking about ambitious passion projects youve been meaning to start or increasing your productive output at work, the scientific mindset can help. When you remove the options of success and failure from your work, its freeingâ€"you can suddenly experiment, or simply enjoy the process without the pressure of succeeding. You dont have to do this in all your work, but give it a go for the next project you work on. Start by defining the parameters of your experiment and writing down a hypothesis. And dont forget to measure the results so you can adjust and retry the experiment when youre done. But dont worry about your experiments failingâ€"after all, Fuller went down in the history books despite almost all of his experiments failing. You certainly wont be alone. Work smarter, not harder.

Does The Ontological Argument Successfully Show That God...

Student Name - Samukumba Seyuba Student Number - SYBSAM001 Course code - PHI1024F Course Lecturer – Dean Chapman Tutor – Kajal Carr Does the Ontological Argument successfully show that God exists? God – â€Å"a being of which nothing greater can be conceived.† (Blackburn, S, 1999. Think. New York United States of America, Oxford University Press Inc. 5:154) The ontological argument put forward by St Anselm, is based on this definition. The argument, Anselm’s premises, the concept of god being understood, god existing in the understanding and god necessarily existing in reality, plus conclusion that god in fact exists, can be easily digested and understood but are also very confusing. In this essay I will argue that the ontological argument does not successfully prove that god exists as the argument not only contradicts itself but fails to put forward any solid proof for god’s existence. The essay topic above raises two main areas of attention in need of address. These two areas being; the ontological argument and what it is, and secondly, whether or not this argument is successful in arriving at the conclusion of god’s existence. To do the latter, I must first state the argument and what it is. The Ontological Argument states, following the definition of God above, that the concept of God or, a god, is understood (even by the fool as stated by Anselm) (Blackburn, 1999:154). Therefore as the concept of God is understood God therefore exists in the understanding (taken as theShow MoreRelatedDoes Anselm s Ontological Argument Successfully Show That God Exists?1245 Words   |  5 PagesMischler Does Anselm’s Ontological Argument Successfully Show That God Exists? The argument of whether God does or doesn’t exist has been a popular philosophical topic and everyday topic around the world for many centuries. It is a very important concept that philosophers have been trying to grasp since the beginning of philosophy. Anselm and Hume both have arguments that give us reasons to believe whether God exists or doesn’t exist. In this paper, I will venture into Anselm’s ontological argument, Hume’sRead MoreEssay on The Ontological Argument1589 Words   |  7 PagesThe Ontological Argument The Ontological argument is a group of different philosophers arguments for the existence of God. Ontological literally means talking about being and so in this case, that being is the existence or being of God. The main component of the Ontological argument can be found in the Anselm’s Proslogion which is a short work that tries to demonstrate both the existence and the nature of God. His main aim in writing the Proslogion is not to directly prove the existence ofRead MoreAnselm s Ontological Argument On The Existence Of God935 Words   |  4 PagesAnselm’s Ontological argument sets out to not only prove God’s existence, but to show that God’s existence is self-evident. Similar to other ontological arguments, it uses a priori knowledge to argue its validity, meaning that the propositions made are derived from internal reasoning instead of sense experience. The argument begins with Anselm defining the term God as â€Å"that, than which nothing greater can be conceived† (pg.26). Although simple, once this term is accepted Anselm believes he has successfullyRead MoreThe s Ontological Argument : What Does The Only Way God?1975 Words   |  8 Pagesit is that you come from the idea of God is present throughout. Though it may not be the same God as other religions the key idea is in fact there. God is known to all as the all mighty thing, however he is representative for much more. God s impact on individual’s lives is something that he will forever hold upon the human race. God s necessity in our lives is hugely relevant in our society today. With a large amount of evil occurring in our world today, God is that one thing that helps us keepRead MoreDoes God Exist?668 Words   |  3 Pagesculture has its God. Christianity and Islam have their own god; the Romans and Greeks had their Pantheon. A lot of people believe in god ha ve thought that there is more to life the material world around us. It seems arises naturally the world over by believing in god. Does God exist? I believe in God is exists by the philosophical argument: ontological argument, the first cause argument, the argument form design, and the moral argument. Arguments relate to the existence of God are in differentRead More The Problem of Evil Essay2226 Words   |  9 PagesIf God is good, then why is there evil? The following essay describes the problem of evil in relation to God, examines Christian responses to the problem, and concludes the existence of God and the existence of evil are fully compatible. Body â€Å"The problem of evil is often divided between the logical and evidential problems.† At the heart of each problem is the belief that the existence of God and the existence evil are incompatible. They present an â€Å"either/or† dilemma: either God exists orRead MoreScience Vs Philosophy Essay1841 Words   |  8 Pagesperceptions the person. The persons experience, logic, and beliefs (in other words the brain) will interpret this in a fashion parallel to the persons brain. This is the interpretation of the astronaut. You may or may not have a person. If the person exists, the event enters into his sensory perceptions. If it could be proven that his sensory perceptions are completely accurate (that is, if it could be proven that what we experience with our senses represents the largest, most complete picture of everything)Read MoreOrganisational Theory230255 Words   |  922 Pagesof our time – How should we understand the organization? Jan Ole Similà ¤, Assistant Professor, Nord-Trà ¸ndelag University College, Norway I really enjoyed this new text and I am sure my students will enjoy it, too. It combines rigorous theoretical argument with application and consideration of how managment practice is formed and shaped by ideas and concepts. The authors have brought their wealth of experience and understanding and provided the field with an imaginative resource to address the dynamicsRead MoreRyanair Analyses44239 Words   |  177 Pagesto follow their example. Also, the abbreviation LFA wi ll henceforth be used. With regards to the term â€Å"full service airlines†, which can also be expressed as network carriers or â€Å"hub-and-spoke† carriers, this was chosen only to show conformity in the thesis as there does not seem to be a general consensus neither in the industry nor in the academic world, as to which expression is the most appropriate. The abbreviation FSA will often be used As the European airline industry is extremely dynamic,Read More THE IMPACT OF KNOWLEDGE MANAGEMENT PRACTICES IN IMPROVING STUDENT LEARNING OUTCOMES65118 Words   |  261 Pagesevery member of my immediate family for the understanding they have shown me through this process, but especially to my sons, James and Joshua, for setting my sights on the honour of being called â€Å"Dr. Dad.† Finally, this thesis is dedicated to my Lord, God Almighty who provides me with His strength and sustenance at each step along the way. Declaration I hereby declare that the work submitted in this thesis is entirely my own which has not been submitted for a degree in the University of Durham or any

The Principles of Interpersonal Communication Essay

The Principles of Interpersonal Communication 1, We cannot not communicate, Communication is a natural occurrence between all beings. As we communicate naturally, we concentrate on verbal speech to talk. Our bodies on the other hand give out signals as part of our communication. When we communicate, body language is expressed with intentional and unintentional signs. Some examples are; †¢ The shrugging and slumping of shoulders †¢ Using hand movements †¢ Raising and lowering of eye brows †¢ Facial expressions †¢ Sighing Schmidt (2004) stated a nod of the head or a raised eye brow may be all that is asked of a listener. We need to be on the look out for implicit requests for more information that include honest feedback†¦show more content†¦A statement can not be retracted so one must be clear on commencement of a conversation. 3 Ethical Choices When conversing with others we must be aware of ethical choices. Interpersonal communication is used in everyday life but must be used in an appropriate manner. Wood (2003) state, Ethical communication is the ability to communicate in ways that are interpersonally effective. (pg32). This is a code of practice which all professionals abide by. With the code of ethics one must honor patients and the feeling he/she expresses, even if you feel differently. 4 Positivity Positivity in your conversation helps to enhance meetings. There is no right or wrong way to communicate, but better ways to phrase words using common sense and feelings. To have no negativity in a conversation, everyone becomes relaxed, comfortable and open for a positive conversation. Wood (2007) states, through all the stages of our lives, our self-esteem is shaped by how others communicate with us. People who lack interpersonal communication skills are unlikely to rise to the top of their fields, and many of them suffer lowered self-esteem as a result (pg 14). A negative conversation just compounds stress, uncomfortable feelings and anger which limit communication. 5 Kind and Caring Communication should be kind as possible without sacrificing either your honesty or the transparency of the message. The way we communicate depends on who weShow MoreRelatedThe Principles Of Interpersonal Communication Essay1538 Words   |  7 Pageslooking for some advice on communication for your new journey together. I recently completed a class on interpersonal communication and learned a lot of different techniques that may be helpful. I would also like to share some of my own personal experiences as a communicator. Knowing your role as a communicator is important, whether you are the one sending or receiving them. It will also guide you through difficult times if either of you faces a conflict. Communication is a vital part of havingRead MoreInterpersonal Communication: Principles and Misconceptions2426 Words   |  10 PagesInterpersonal communication Interpersonal communication is the form of communication that exists between two people; it is a universal kind of communication. It includes the daily exchange that may be formal in nature or informal in nature and can be in the form of facial expression, sounds, gestures, words and postures (MBA Knowledge base, 2011). Interpersonal communication, involves dissemination and reception of objective message or information between two or more people/groups with an aim ofRead MoreEssay on Four Principles of Interpersonal Communication1459 Words   |  6 Pagesreview of what has been noted about the four principles of interpersonal communication demonstrates that King (2000) has provided the definitive source for reviewing these issues. According to King, interpersonal communication is: inescapable, irreversible, complicated and contextual. Using these four principles as a basis for research, the current investigation provides a review of each of the four principles and the implication of each of these principles for the nursing professional. A situationRead MoreDear Sacramento Chinese Community Service Center,. I Have1409 Words   |  6 PagesDear Sacramento Chinese Community Service Center, I have been recently taking an interpersonal communication course and have discovered a great deal of information that I believe can be extremely beneficial to our agency’s communication effectiveness. I invite you all to think back to one of our previous meetings, do you recall any of the following? A lack of eye contact, a lack of enthusiasm, and frustrated looks on faces? How about an overall sense of discontent so much so that people are disengagedRead MoreInterpersonal Communication972 Words   |  4 PagesFour Principles of Interpersonal Communication These principles underlie the workings in real life of interpersonal communication. They are basic to communication. We cant ignore them Interpersonal communication is inescapable We cant not communicate. The very attempt not to communicate communicates something. Through not only words, but through tone of voice and through gesture, posture, facial expression, etc., we constantly communicate to those around us. Through these channels, we constantlyRead MoreCommunication : Understanding Interpersonal Communication1554 Words   |  7 PagesI. Introduction AND Thesis Statement Communication is the number one key in a relationship, especially when you re talking about marriage. I would like to take this moment to say congratulation on your recent marriage. I want to tell you that communication helps build a healthy personal foundation by implementing small talk in helping resolve conflicts through growth and helps reduce any barriers that prevent you from having a happy, successful marriage. Remember that no one is perfect at communicatingRead MoreCommunication Is Intentional Or Unintentional? Essay1438 Words   |  6 PagesInterpersonal Relationships First, communication is unavoidable. We communicate for many reasons to reach practical goals. Most communication is intentional. Communication can be unintentional too through the use of nonverbal communication and word choices. An important principle of communication is people are not mind readers†¦people judge you by your behavior and not your intent† (King, 2000). Regardless of whether communication is intentional or unintentional there are strategies for avoidingRead More The Breakfast Club Essay1077 Words   |  5 Pagescountless examples of the principles of interpersonal communication. Five high school students: Allison, a weirdo, Brian, a nerd, John, a criminal, Claire, a prom queen, and Andrew, a jock, are forced to spend the day in Saturday detention. By the end of the day, they find that they have more in common than they ever realized. nbsp;nbsp;nbsp;nbsp;nbsp;I will begin by selecting a scene from the movie and using it to explain what interpersonal communication is. The interpersonal transaction I choseRead MoreCommunication Is Necessary For Developing A Good Healthy Relationship Essay1255 Words   |  6 Pagestaught different techniques in the use of interpersonal communication through means of verbal or nonverbal actions. I would like this opportunity to write you a heartfelt letter of guidance. Hopefully, my letter will help each of you become more active with your communication skills as you begin your new relationship journey together. Beginning a new relationship can be filled with excitement and with mixed feelings of uncertainty. Despite the unknown, communication is necessary for developing a good healthyRead Moremr dddsdddd1164 Words   |  5 Pagesï » ¿GS0155 Interpersonal Communication Summary of concepts from Lecture 1 to Lecture 10 Lecture 1: Universals of IPC What is interpersonal communication? Nature of IPC: dyadic approach a. Dyadic b. Dyadic primacy c. Dyads Two types of dyadic connection: a. Dyadic coalition b. Dyadic consciousness Elements of Interpersonal Communication: (the model of IPC) a. Source-Receiver (encode, decode) b. Messages (feedback message, feed forward message) c. Channel d. Noise (Physical, Physiological

Environmental Analysis of Target Inc. Free Essays

Running head: ANALYSIS OF TARGET INC. Environmental Analysis of Target Inc. Team B Contemporary Issues in Leadership and Management MM590 October 9, 2006 Abstract Team B conducted an Environmental Analysis and an Industry Analysis of Target Inc. We will write a custom essay sample on Environmental Analysis of Target Inc. or any similar topic only for you Order Now In the Environmental Analysis, competition for customers is always a threat in any business but the success of Target is always looking for new opportunities. The Target Inc. analysis found that competition with the â€Å"big box† stores including the availability of substitute products and threats of new entrants are keys to their success. The analysis of the remote environment found new regulations and shifting demographics influence Target’s success. Falling petroleum prices, confidence in the stock market and families migrating from the city to rural areas were the result of the Industry Analysis. .Our recommendations for overcoming the threats and capitalizing on the opportunities were to increase internet shopping, become move competitive in smaller towns, globalization, and allow the Salvation Army to silicate donations during the holidays. Environmental Analysis of Target Inc. Team B conducted an Environmental Analysis and an Industry Analysis of Target Inc. o identify opportunities and threats that may arise in the near future. In this research paper, the team will evaluate the findings and provide recommendations for responding to the issues and opportunities that Target stores face. Environmental Analysis of Competition An analysis of the competition indicates there is availability of substitute produc es and threats of new competition entering every year. The retail industry provides steady competition among business and within departments of the organization. Target offers a wide variety of products and services, which leads to an immense competition pool. The organization rovides services with photo development, pharmaceutical, prepared food with some locations having chain services, optical, and portrait studio centers. These diverse services provided for the expansion of the competition pool to include non-general retailers. Since retail merchandise is Target’s primary source of profitability, the organization must make proper investments to ensure the quality of these services surpass those of the competition. Quality service in the food preparation department will increase the chances that a customer will pass other fast food companies in order to get the same service at Target. Target competes for the customer’s business in retail merchandise with other discount retailers, department stores, wholesalers, and supermarkets. The competition with other discount retailers is Kmart and Wal-Mart. Each company involved in general retail offers similar products to the customers. Customers can bring a shopping list to include socks, shampoo, DVD player, and holiday decorations to each of the general retailers with confidence that each company will satisfy the customer’s needs. The differences in each business, which determines a customer’s preference is the organization’s reputation. This reputation is developed by personal experiences, and/or by external influences like media and other consumers. A consumer’s life situation is another influence on a customer’s decision on business of choice. Some families find finical benefits in purchasing items found at Target in bulk at wholesaler. A consumer’s location in proximity to businesses is another influential factor. Some of these considerations cannot be altered by a business. Although, Target can offer outstanding service to force the customer’s preference to surpass all other factors in choosing a retailer. According to Kijoo and Kim, â€Å"†¦ store managers need to give their best effort to enhance their customers’ perceived satisfaction because satisfied customers have a greater chance of purchasing merchandise† (2006). The retail business relies solely on the customer’s choice in where their money is spent. The best method for retaining customers is to provide them with the products or services they desire. Those businesses, which are successful at customer service, will out perform their competition. The final source of competition involves internal aspects of the company. The competition produces threats to an organization’s retention. In each of the organization in which Target competes in sales, Target also competes in filling similar jobs. All retailers have similar job necessities including cashiers, clerks, receivers, managers, and store managers. According to the article in Human Resources Department Management Report, companies should â€Å"aim to identify the most suitable candidates as well as track trends in applicants and employees, including reasons for departure, rehire possibilities, top performers, and job specifics† (2005). The authors maintain that reduction in turnover can positively affect the profitability of the company. Businesses can operate differently but this does not change the skill requirements for being a leader. Target defines superior leadership performance as the individual who can excel in communicating effectively, managing execution, and demonstrating accountability. Since leadership is not defined by retail experience, Target searches for managers with various experiences including education, military, or public service. As Target is expanding their applicant pool, so is their competition. Once Target recruits strong leaders, retention is significant to the company’s success. Therefore, competition affects Target’s sales growth but also internal growth. Remote and Industry Analysis The analysis of the remote environment found new regulations and a shifting of demographics that influence Target’s success and ability to operate. A corporation that conducts an analysis of the environment must review all available information. This should include, a comparison of one corporation’s information against others in the same industry, and a look at all influences whether they are market related, legally based or social trends that affect the environment. For this analysis, we will focus on Target Corporation, and their main competition (Bateman Snell, 2004, p. 56). Overall, the retail industry has seen continued strength the last year. This is partially the result of falling petroleum prices, which has led to increased trips to the store, and increase in spending. Adding to the optimism is an increase in confidence in the stock market. Forecasts are for retail sales to continue to increase as they ramp up for the November-December holiday season. In response, the retail industry and Target alike has continued expansion in the e-commerce arena- highly ptimistic that forecasts achieve their estimate of 5% over last year (O’Donnell, 2006, p. 1). Other demographic factors include the continuing trend of families migrating from the city to rural areas, the movement of retirees to western states such as Arizona and Nevada, in addition to the continuation of retirees flooding into Florida. To capitalize on these opportunities, sever al initiatives have been seen in the industry (PRB, 2006, p. 1). Target has continued a steady yet comprehensive expansion project estimating the addition of 60-65 new stores this next year, with an overall growth rate of 8%. This expansion includes the Super Target stores, which are designed to compete with the Super Wal-Mart, providing grocery as well as retail consumer service (Target Annual Report, 2005, p. 3). Targets advertising costs have increased by $24 Million, double the increase from the previous year. These expenditures are primarily in the newspaper and media circular areas, but Target also increased expenditures on focused advertising campaigns targeting college students as they return to class in the fall (Target Annual Report, 2005, p. 29). This type of advertising has proven fruitful. This is an example of how Target is carving their niche in the market by focusing  on a part of the marketplace that has specific needs (Bateman Snell, 2004, p. 524). Another contributing factor to the overall increase in budget was the result of a, â€Å"†¦decline in viewer ship of the national networks and the increase in media fragmentation† (Target Annual Report, 2005, p. 11), which has caused a fundamental shift in advertising, utilize more web based services (Target Annual Report, 2005, p. 11). To capitalize on the continued growth of on-line marketing and distribution, Target renewed its agreements with Amazon reiterating their commitment to, â€Å"†¦remain focused on our core strengths of merchandising and design, and while continuing to benefit from Amazon’s innovation and expertise† (Target E-Commerce, 2006, p. 1). The article goes on to explain how Targets goal is to provide the ultimate on-line shopping experience to the customer. This methodology helps ensure Target remains a viable competitor in the on-line retail industry. Distinguishing itself from the competition, Target continues to maintain a vibrant image through its promise to ensure its, â€Å"†¦distinctive merchandise provides style, timeliness and quality at â€Å"best in class† prices† (Target Annual Report, 2005, p. 5). As part of this brand recognition initiative, Target continues to build relationships to enhance the shopping experience with industries such as Starbucks and Pizza Hut (Target Annual Report, 2005, p. 5). This is an important part of its effort to distinguish itself from the rest of the retail environment. A study done by Moorehouse in 1984, shows that states that strictly regulate store-opening hours have fewer large stores. In these cases, the consumer pays more for the products in the larger stores, because operating costs are so much higher. This could affect many of the Target stores because it will cost the company more money to operate to give their customers more shopping flexibility, or they have to increase the prices. Target has tremendous growth and profits are high. From the studies, it appears that Target has kept their prices at the same cost, no matter what. Some of these states include many smaller towns that would not survive without the â€Å"big box† stores and welcome companies like Target. Many times even if the cost is higher, the profits are high because of the demand (Tanguay, 519). Globalization is a concept of the international marketplace that influences increased trade, economic interdependence and decreased market barriers primarily due to increased connectivity (Bateman Snell, 2004, p. 538). Target has been no exception with recent expansion of services in India described â€Å"to perform business functions more productively† (Target Annual Report, 2005, p. ). This global expansion is a direct result of the environment, which fosters global interconnectivity, and more cost- effective operations sourced by major industry, lower labor costs, technology, and an ever-expanding international market. Recommendations Target Corporation has increased advertising dollars to ensure the corporation is targeting custome r’s needs. The increase has done well for the company due to increase in profits over time. The internet-shopping arena is a huge business in the United States. Target’s plan to renew a contract with Amazon was a good decision. This enables customer’s greater flexibility. Many consumers do not like to drive to find the product they need and this helps Target increase profits. One recommendation for the company would to promote more internet shopping in their advertisements. This will especially help with the stores located in certain states where there are stricter regulations on store hours. This helps the consumer in those areas and gives them more flexibility. This will also help the retail chain gain more profits than the competition in those areas. In the smaller towns where companies like Target are considered the â€Å"big box† stores, the company can become more competitive with the local businesses. Many â€Å"mom and pop† stores in smaller communities consider Target a threat because they can offer lower prices on many products. Target should evaluate the markets in these smaller towns to see what the consumers are looking for and at what cost. Globalization has a huge impact on the retail industry. A survey of American organizations shows that in 1996 $100 billion were spent by large organizations on outsourcing contracts. This helps companies like Target build more alliances over seas and reduce costs in technology and labor. This helps the retail chain spend more money on advertising and marketing ventures in the Unites States. Target should continue. On the other hand, the company should look into how many jobs that they are providing here in the US. Consumers like to see major companies consider the welfare of the job economy in the states (Greco, 50). One recommendation is for Target to consider working better with charities. The Target Corporation decided to eliminate any charities soliciting for money inside or outside of their stores. This was a huge headliner when the company stated nationwide that they were not going to allow the Salvation Army (bell ringers) outside of their stores during the holidays. Target’s defense was if they let the Salvation Army in, they would have to let all charities at their store. This created uproar with many consumers. Many customers will no longer shop at Target stores because of this. One of Target’s biggest competitors, Wal-Mart has an advantage because of this. Many of the Target locations are relatively close to the Wal-Mart stores and ecause of the cost proximity Target is losing business. The best decision for Target is to let the Salvation Army back for the holidays. This will increase their profits during that season and may potentially bring back old customers. This does not mean that they have to let all charities at their stores. Allowing this major nonprofit organization will help with the competition tremendously. In summary, Team B found in the analysi s that Target Inc. provides steady competition with the â€Å"big box† stores including the availability of substitute products and threats of new entrants. The analysis of the remote environment found new regulations and shifting demographics that influence Target’s success. Our recommendations for overcoming the threats and capitalizing on the opportunities were to increase internet shopping, become move competitive in smaller towns, globalization, and allow the Salvation Army to silicate donations during the holidays. References Bateman, T. and Snell, S. (2004). Management: The new competitive landscape. 6th ed. New York: McGraw-Hill. Greco, JoAnn. (1997). Journal of Business Strategy. Outsourcing: The New Partnership†. 18(4), 48-55. Retrieved from the Thomas Gale database on October 4, 2006. Human Resources Department Management Report. (2005). How ‘Closed-Loop Analytics’ at Albertsons Reduces Turnover Saves Millions of Dollars. 5(3), 2-4. Retrieved from EBSCOhost database October 6, 2006. Kijoo, K. , and Kim, E. (2006). Suggestions to enhance the cyber store customer’s satisfaction. Journal of Ameri can Academy of Business. 9(1), 233 – 240. Retrieved from EBSCOhost database October 6, 2006. O’Donnell, J. (2006). USA TODAY: Holiday Season Sales Forecast. Retrieved October 5, 2006 from USA Today web site: http://www. usatoday. com/money/industries/retail/2006-09-18-retail-usat_x. htm Tanguay, George. (1995). Economic Inquiry. Shopping Hours and Price Levels in the Retail Industry: A Theoretical and Empirical Analysis. 33(3), 516-525. Retrieved from Thomas Gale database on October 5, 2006. Target Annual Report. (2005). Retrieved October 4, 2006 from Target web site: http://investors. target. com/phoenix. zhtml? c=65828=irol-reportsAnnual How to cite Environmental Analysis of Target Inc., Papers

Rationale free essay sample

With the process of globalization and increasing economic interdependence amongst nations, there have been extensive changes to the global landscape affected by political, ecological, and technological variables. This has resulted in boosted importance of understanding the diverse cultures across the world. Understanding national culture can prepare individual for the difficulties that may be faced when dealing with various national settings especially in appropriate communication that is not offensive or against any cultural norm. Nonetheless, acknowledging the importance of cultural differences enables managers to comprehend their global partners and competitors and enhances their administrative abilities and skills. As the corporations become transnational, refined and sophisticated models for understanding cultures becomes essential. Developmentally, cross-cultural research in OB is coming of age, and this review reflects this momentum.It has been half a century since Hofstede first conducted his revolutionary study on cultural dimensions which has proven to be an expedient in the corporate world. MNEs undertake a progressively critical part in the global world, and subsidiaries of MNEs are fascinating objects of study in the field of organisational behaviour as the home country, the international corporate world as well as the local cultural, social, political and professional contexts influence, affect, and motivate their work. Hofstedes model of 6 cultural dimensions gives a framework to understand organisational behaviour which helps in strategic international management, marketing and negotiations. It helps the transnational as well as the multinational corporations to carry out their operations with their subsidiaries and also with the contemporary organisations smoothly and efficiently. Thus, National culture affects, to the certain extent, much of management and organizational behaviour. Evidence suggests that there is a correlation between national culture and internal work culture and thus certain postulations to managerial practices can be made. The 6 cultural dimensions by Hofstede aid to provide an insight to the nature, values, norms, practices and functioning of various countries that help the managers to effectively and accordingly deal and minimize conflicts within their inter-cultural workforce and create cooperation. The present study looks into specific cultural dimensions of India and Switzerland. The employees of transnational company Nestle in India and Switzerland were taken as the sample. These two countries were countries were chosen in large part for their proven potential for business, vast differences in cultures and also see the differences in the home country (Switzerland) and one of its subsidiary (India).Cultural diversity has a great influence on the function and behaviour within organizations. The understanding of cultural roots of human be haviour is critical not only for managers and their administrational style but also mirrors its impact on other organizational functions too. Job satisfaction, work engagement and work motivation are important employee attitudes that have been found to be influenced by national culture. Organizations accomplish key objectives through workforce endeavours. The knowledge, skills and abilities of the employees are key determinants of future success. Nevertheless, organizations also want their employees to be fulfilled and satisfied with their jobs, physically and emotionally engaged with their work and faithful to their organizations. Such workplace behaviours ultimately make the employees happier and thus more productive. Thus this research aims to study the influence of culture on these employee attitudes.People everywhere are likely to prefer the desirable over the undesirable and the pleasant over the unpleasant (Diener, Diener and Diener, 1995; Michalos, 1991; Veenhoven, 1991). A major reason for the success of happy individuals and organizations is that they experience on average more positive social relationships. Happiness, compassion and Life satisfaction are believed to have antecedents in the work domain, family domain, and personality traits. Research clearly shows that happy workers are more cooperative and collaborative in negotiations than unhappy ones. In general, positive emotions boost cooperative and collaborative behaviour in negotiations rather than withdrawal or competition.However, it is also likely that exactly what constitutes the good and the valuable varies substantially across cultures (Diener and Suh, 2000; Kitayama and Markus, 2000). In European-American culture, happiness is more of personal achievement in contrast to Eastern cultures where it is more about connectedness, mutual sympathy and support. Compassion and life satisfaction may also vary across nations being influenced by various cultural dimensions. Numerous research studies report that people in collectivistic cultures tend to be less satisfied than the people in individualistic cultures. It was thus considered vital to comprehend the cross section of positive psychology and culture, since it enables one to comprehend individuals inside a culture as well as empowers one to acknowledge and understand individuals from various cultures and societies.Emotional intelligence is winding up progressively crucial to peoples achievement in the increasingly digital future of work. As per Golemans model, those with a higher EQ  have a more prominent capacity to self-direct, regulate, and larger amounts of inspiration – which can thus reduce their tendency to procrastinate, improves self-confidence, and empowers them to focus on accomplishing long-term goals. Those high level of emotional intelligence regularly have a happier outlook on life and  more positive attitude than those with a lower EQ. They are additionally better at distinguishing and identifying with other individuals perspectives – a fundamental characteristic for anticipating and resolving  conflicts at work. Basically, emotional intelligence in the work places leads to comprehending, communicating and managing, good relationships, solving problems under pressure and also avoiding conflict amongst employees. Emotional intelligence was ranked 6th in the World Economic Forums rundown of the best 10 skills that employees will need to possess to thrive in the workplace of the future. Hence, having employees with high emotional intelligence will prove to be very beneficial for the organisation.Comprehending the importance and influence of national culture at the workplace and having enumerated the significance of job satisfaction, work engagement, work motivation, happiness and well-being, compassion, life satisfaction and emotional intelligence in understanding and improving organisational behaviour, all these variables were integrated to be examined under the framework of the present study.