Friday, November 29, 2019
6. ââ¬ÅIt Is More Important to Discover New Ways of Thinking free essay sample
Developing new ways of thinking about what we already know is very important as it helps us to develop a better understanding of that which we already know so to some extent the above statement is true. However it is as significant to discover new data or facts. In fact these two concepts go hand in hand; it is because of some discoveries that we knew when they first came to light that we have something we call existing knowledge to think about and sometimes it is through trying to develop new ways of thinking about a certain issue without a solution that we finally decide it is best to find a new explanation or concept of looking at it. A student who goes from lower to higher school both learns new and advanced ways of thinking about the information they have gathered in previous grades as well as some new data they have never come across before which further stresses that both concepts are important. We will write a custom essay sample on 6. ââ¬Å"It Is More Important to Discover New Ways of Thinking or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page We cannot learn everything at once nor can we know all sbout those things we know, which is why both developing what we already know and leaarning some new things are equally important. In some cases one may find that discussing and thinking about what we already know but in a new clearer way can help us reach a conclusion whereas if we had chosen to discover new facts about it instead, our horizon of confusion would have been broadened and we find ourselves with yet another mystery to solve. A good example of a case like this is death. Unless someone dies and comes back and tells us exactly what happens after death, no one can ever really know what happens. Any information we all have of life after death is based on assumptions that is if there is even life after death. Discovering new facts about the so called life after death isnââ¬â¢t but going to cause even more confusion, so really in my view I would say it is rather best that one sticks to the knowledge and believe they have over this issue, and if anything, find new ways of thinking about instead of creating yet another confusing phenomena based on assumptions. But such fields as Science motivate constant discovery of new knowledge because this is one area of knowledge where falsification is the only method used to prove the theories because we cannot verify, in other words prove a Scientific theory to be true in any way but we can pfove it fo be wrong. In this case it is clear then that in Science it is more important to discover new facts or data than to think about that which we already have as we need new discoveries to falsify old theories. However sometimes it may be thinking hard and deep into a scientific theory that makes one see fault in it as a result make new discoveries in which case both thinking of something in a new way and making new discoveries would have been equally important. We can for instance look into the famous example of the falsification of Newtonââ¬â¢s theory of gravitation by Einsteinââ¬â¢s theory of relativity. Einstein like all other Scientists of that time saw nothing wrong with Newtonââ¬â¢s model until a crisis came when Newtonââ¬â¢s theory of gravity failed to account for the behavior of light. Obviously this had to be a result of scientists thinking of new ways of applying Newtonââ¬â¢s model. No one expected the negative outcome they came out with but it was negative and the Scientists were faced with a dilemma they had to solve. That it is when Einstein invented his theory of relativity, a whole new theory, which could work even for those discoveries that Newtonââ¬â¢s model failed to. In any case, the point is to show that finding new ways to think of something can actually lead to the discovery of new information which in turn gives us something new to think about and in new ways if we please. Living only by developing things we already know would be depriving ourselves off so much knowledge. Had the people who lived before our generation decided they wanted to live only on what they knew, there would be so much we do not know. Generations like that of Newton or Einstein, generations like that of Priestley or Lavoisier who made discoveries about oxygen and those of people who learned the word of God and passed it on from generation to generation till the bible was written we would not have the knowledge we have today. And the knowledge does not end there and like the paradigm shifts suggest, there will always be new information, new theories and new ways of thinking as the world revolves that will override the current theories but should we decide to live only by the data that already exists, we may find that we are making experiments with 90% errors all the time.
Monday, November 25, 2019
ACT Math Tutor
What Makes for An Effective SAT/ACT Math Tutor SAT / ACT Prep Online Guides and Tips Youââ¬â¢d think that finding a good SAT/ACT Math tutor should be simple ââ¬â just get someone who is really good at math to tutor you. Unfortunately, just because someone is good at math doesnââ¬â¢t make her the most effective tutor, particularly when it comes to the SAT or ACT. For instance, while I'm better at SAT/ACT Reading (compared to SAT/ACT Math), I'm actually a better math tutor, because I donââ¬â¢t always ââ¬Å"get it" right away ââ¬â I have to try out different ways to teach myself the material before I grasp it fully. Read on for more specifics on what makes the most effective SAT/ACT Math tutor. And if you want specific advice on SAT/ACT Reading tutoring as well, don't worryââ¬â we have an article about what to look for in an SAT/ACT Reading tutor here. feature image credit: Math, Math, Math, math, mathh....maaah..... by Aaron Escobar, used under CC BY 2.0/Cropped from original. Effective SAT/ACT Math Tutors Are High Scorers Effective SAT/ACT math tutors must have scored in the 99th percentile on the test. At PrepScholar, we take it one step further: not only do we exclusively hire 99th percentile scorers, but many of these tutors were perfect scorers on the sections that they tutor. Why is this important? Because in order to be able to customize teaching, a tutor must have mastered the material. This doesnââ¬â¢t just mean knowing the content (probability, plane geometry, etc.). Tutors need to understand HOW the SAT/ACT questions you on math. The medium to hard questions in particular are not things you would have learned in school ââ¬â itââ¬â¢s as much about interpreting the questions as it is solving the problems. Effective SAT/ACT Math Tutors Can Pinpoint Your Weaknesses The best math tutor needs to understand WHERE students are making mistakes in the questions. When all is said and done, a particularly challenging math question can test half a dozen or more skills. Take this sample problem: There are many complicated steps you have to take to solve this problem. Understand the problem: whatââ¬â¢s this weird question even asking for? What information does the problem give you to solve the question? How do you use this information to solve the question? How does the angle of a polygon relate to the number of sides? How many degrees are in a quadrilateral? What does this mean about the degree measure of the other two sides? What does this mean about how many sides the polygon has? A student who misses the question could be tripped up by any one of these steps. How should a tutor address this? A mediocre tutor will just make sure the student understands how to get the answer to this particular question and move on. Why is this bad? Itââ¬â¢s inefficient ââ¬â itââ¬â¢s highly unlikely this particular question will show up on the SAT/ACT, and so the assistance given is not generalizable. Furthermore, it doesn't identify the student's actual weaknesses - it just patches over serious problems with a quick fix. The best tutor will pinpoint exactly where the student is having issues, then work on weaknesses until there are no longer any issues.A student who doesn't understand the formula for polygon angles needs very different help from a student who makes mistakes in the algebraic portion of this question. If the tutor doesn't identify these weaknesses and address them, the student will find it very hard to improve her score. be my valentine (cc) by Martin Fisch, used under CC BY-SA 2.0. Disclaimer: We at PrepScholar do not guarantee that the best tutors will be immortalized in statue form. Effective SAT/ACT Math Tutors Will Customize Test Strategies To You The best tutors will understand optimal strategies and be able to teach them to students, customizing the strategies to a student's particular level. Read on for an example of two different strategy suggestions: one suggestion is for someone aiming for a 600 on the SAT or 27 on the ACT and the other is for someone aiming for a perfect score on the SAT/ACT). Students who are aiming for a 600 or a 27 or a can skip hardest 25% of questions and instead focus on easier ones. For more strategies like these, read our articles on how to improve low SAT Math Scores or low ACT Math scores. If you're aiming for the perfect score, on the other hand, you might need to take note of time management. Take a timed practice test, and if you run out of time, mark the questions you answer with extra time. Compare your scaled score with extra time with your realistic score (the score that only includes questions answered during the normal time period). If your score differs by more than 50 points (on the SAT) or 1 point (on the ACT), you have serious time management issues. Are you generally slow at math questions, or were there particular questions that slowed you down? For more time management tips and other strategies, read our articles on scoring an 800 in SAT Math or 36 in ACT Math. Actions To Take The best way to get a sense of any tutorââ¬â¢s teaching style is to get her to demonstrate how sheââ¬â¢d explain the process of answering a difficult question. PROTIP: Pick out a question ahead of time that you previously missed and have had trouble with from a real SAT and use it every time, so you can compare the explanations of multiple tutors. Iââ¬â¢ve also compiled a list of sample questions parents and students might want to ask potential tutors. Click to download the PDF, or click on the image below. Use the answers to these questions to assess how a tutor teaches and whether or not her particular teaching style and method will be effective for you. Whatââ¬â¢s Next? Curious about tutoring for the SAT/ACT Reading sections? If you havenââ¬â¢t already, read our guide to the most effective SAT/ACT Reading tutoring, as well as our article on the key qualities of an effective SAT/ACT tutor. What do tutors actually do during SAT/ACT Tutoring? Demystify the mystery with our explanation of what SAT/ACT tutoring involves here. Want to get serious about improving your SAT/ACT score? Our tutoring service is designed to be the most effective in the nation. We hire the best tutors from across the country. This is then paired with our exclusiveonline drillingprogramthat gives your tutor complete insight into your progress to design the most effective sessions. Think about what improving 160 points on your SAT, or 4 points on your ACT, can do for you. Learn more about tutoring now:
Friday, November 22, 2019
Corporate Financial Strategy Essay Example | Topics and Well Written Essays - 4000 words
Corporate Financial Strategy - Essay Example The money spent by the company and the level of the cash flow is considered as the profit depends on getting break even in the marketing and sales of the product. Ans. Sunk cost can be defined as the cost that has been already incurred. This cannot be relevant to the present decisions. The items related with the preliminary engineering should be eliminated from the present decisions. This gives a proper place for sunk cost to be recognised as a separate expense budget and not in the new product proposal. This will make the sunk cost as a factor that will not effect investment decisions that give importance to cash flow more than the income flows. (Columbia .edu team, 2005) 1 Ans. In general the financial analysts have to use capital budgeting decisions in the course of their careers. After valuating the process, they have to answer a yes and no choice to their higher ups. In doing so, they have to consider future cash flows of the project. The cash flows are considered to be more important as they give more liquidity to the project and thus enable the quick returns. This means that the cash flow analysis of the investment decisions concentrate on quick returns rather than heavy returns. This can be termed as the main reason for consideration of cash flow instead of income flow for taking a investment decision. (R. Bruner, 2007) 2 Ans. The incremented cash flows are considered more important than the total cash flows. This is because; the incremental cash flow determines the earnings after tax due to the sales. As the sales increases the earnings will increase. The ratio between earnings before interest and after tax to the sales can give the increment in the cash flow. This increment can be considered as the indicator of the increase in the income that is proportionate to the sales. Though the income increases with the increase of sales the calculation of increment ratio will tell about the level of increase and whether that
Wednesday, November 20, 2019
Finacial & legal aspecat of procurement Assignment
Finacial & legal aspecat of procurement - Assignment Example nstruction of structures, fixing of electronics and navigation devices, maintenance of auxiliary systems, technical support to engineers and other shipyard services depend on the available specialized labor. Structural developments take the biggest chunk of labor expense followed outfit and furnishings because they are done virtually on a daily basis. Another cost driver is the purchase of materials (Moelmann & Harris, pg30). Fixing of electrical appliances cost the company heavily due to the high cost of purchasing special devices such as adaptors, which are very critical in navigation and propulsion. Materials increase overhead costs due to the ever-changing prices of imported appliances and accessories. The accounting office can hardly obtain a definite estimate of the overhead costs to be incurred on product accessories and appliance in all accounting phase. Most of the purchased materials are imported from Japan and Germany. The fluctuating world prices shift the costs from time to time making it quite impossible to project the actual cost of materials. Propulsion materials have a high depreciation rate due to the busy schedule of the transport company in all the segments in deals in. In shipping and land courier services, the expense is high on oil and engine spare parts. The cost of petrol, gearbox replacements is high and almost a fixed cost because it is the only available method of propulsion. For shipping high capacity, diesel engines are expensive to repair and the oil prices keep rising regardless of the increase in the cost of different engine models. In the last financial period, the company had to purchase more spare parts for the ship engines and 20 more courier vans to serve on the land segment. The overall cost of the company doubled even when the cost of technical support, auxiliary systems, and electrical appliances remained the same. This significantly affected the profit margin going down at its lowest in a decade. Fees and insurance has
Monday, November 18, 2019
Time Value of Money Application Paper Essay Example | Topics and Well Written Essays - 750 words
Time Value of Money Application Paper - Essay Example The following are some important concepts of time value of money: Future value of money at a particular point is equal to the original sum of money plus interest rate multiplied by original sum of money. Suppose a retirement plan financial service provider receives $100 at the rate of 8% per annum; the future value of that fund will be: Given above scenario, present value is a reverse of the future value in that it shows how much certain amount of dollar worth today. The above formula can equally be used to calculate present value, in this case it will be inverted; if the calculations involve compound interest then the amount in inner braces will be raised to a power of n. the resulting value is otherwise called discounted value. This is the cost for borrowing or lending money or can be viewed as the yield to which money can earn. This interest rate can be categorized into nominal rate of interest and effective rate of interest2. Nominal interest rate is that rate of interest not adjusted for inflation whereas effective interest rate has full effect of compounding and is adjusted for inflation. Commercial banks make good use of time value of money in all their transactions ââ¬â accepting deposits, lending to firms and corporate organizations and even borrowing short-term instruments from other financial institutions. For example, if a commercial bank accepts savings from a client at 5% per annum, assuming the client deposits $200 every two months for a year; the client might unwittingly be glad for receiving the 5% in addition to security he/she enjoys from the bank. However, these funds can be lent out at 15% to a credit card company who now uses this to service its customers. The difference between 15% paid by Credit Card Company and 5% paid to this client with the commercial bank reflects the of time value of money. Using above example, credit card financial
Saturday, November 16, 2019
A Brief Review Of Petronas
A Brief Review Of Petronas PETRONAS is the short for Petroliam National Berhad. As an incorporated company, it was founded on the 17th of August 1974. It was wholly owned and controlled by the government of Malaysia. PETRONAS has ventured into more than 32 countries including Argentina, Russia and Egypt. It currently employs over 30, 000 employees of 38 nationalities. PETRONAS has involved in the entire petroleum activities. From managing the sharing contractors of the foreign production, it has been changed into developing its own capabilities in the upstream sector allow it to take the lead in the exploration and production of the nations oil and gas resources. Vested with the entire oil and gas resources in Malaysia, PETRONAS is entrusted by the government to develop and add value to these resources. Besides that, it also ventured into downstream activities. It seeks to maximize value creation and strengthen of its operations all the way down the value chain. The range downstream activities of PETRONAS includes oil refining, gas processing and liquefaction, gas transmission pipeline operations, petrochemical manufacturing and marketing, property investment, shipping, marketing of liquefied natural gas, marketing and distribution of petroleum products, and trading. Internal Environment There is a high level of interdependence between an organization and its internal environment. The internal environment, also known as micro force, comprises elements that have a direct influence on the operations of the organization. They have an impact on the achievement of the organizations goals. The Micro forces of the environment are: Vision and Mission PETRONAS is a big organization and a corporation which is widely known to the world as a company that exports Malaysian oil. Being a big organization, PETRONAS has its very own vision and mission to achieve its common goal and to serve its customers the best service they can provide. As we all know vision is a long-term plan that exists in almost every company or organization. PETRONASs vision statement is to be a leading oil and gas multinational of choice. It is hoping to become a worldwide known organization and also the first choice among all other oil companies present so far. PETRONAS mission statements, on the other hand, are as follows: We are a business entity. Petroleum is our core business. Our primary responsibility is to develop and add value to this national resource. Our objective is to contribute to the well-being of the people and the nation. (PETRONAS, 2010) The mission and vision PETRONAS believes has made it grows tremendously since it was incorporated in the month of August on the 17th in the year 1974. It is now a fully-integrated oil and gas corporation which is ranked among FORTUNE Global 500s largest corporation in the world. Organizational structure Organizational structure is the internal, formal framework of a business that shows the way in which management is linked together and how authority is transmitted. (Stimpson, 2006) structure.jpg Figure 1: The Corporation Organizational Structure of PETRONAS (PETRONAS Case Study on Education, 2005) As shown in the Figure 1, PETRONAS adopts the functional organization structure. It enables specialization and allowing its employees to focus on their respective areas. There is cross functional bonds between the respective divisions and departments. It is the bond and process of specialization that has led to the success of the organization. Team work is encouraged, all the departments work together to achieve the companys goals and targets. This has proved to rewarding for the organization as a whole and the employees, customers, suppliers and the community as a whole. The line of authority is clearly drawn, orders are sent from the top most level, the president and the CEO. PETRONAS has also hired consultants to improve business and organization results. Functional Strategies Corporate Planning and development division This division plans long term and short term business strategies which lead to the development of the organization. Education division This division undertakes the responsibility of all the educational activities associated with PETRONAS. It involves the scholarships provided by University Technology PETRONAS and the education programs provided to the underserved community. Finance division The Finance division provides the company with its accounting and financial reporting backbone of the company. Its role is to identify financial sources to finance the operations of the company and to locate profitable areas where the business can invest their money to get higher returns. PETRONAS is involved in the sports world through its investment with Mercedes F1team. It has also contributed towards the development of Turkmenistan economy, by investing US dollar $ 1.8 billion in the oil and gas industries. Technical Services division This division is set up to drive and manage the technological activities of PETRONAS. Human Resource division The most important function of the human resource department is recruitment, selection and training of employees among others. PETRONAS selects the best and brightest of employees through talent searches amongst local and overseas graduate. PETRONAS trains and molds its own employees through technical training and innovative program provided in University Technology PETRONAS. Shareholders Shareholders of a firm can directly influence its policies and activities. PETRONAS shareholder is the government. It generates income and value for its shareholder. PETRONAS gave the government RM 52.3 billion from its RM86.8 billion pre-tax profit, in the form royalty, dividends, corporate tax, income tax and export duty. PETRONAS provides shareholders with the opportunity to gain first hand exposure on the Companys operations by organizing several visits to its Gas Processing Plants. Such two-way communication increases corporate transparency and helps shareholders take a longer term view of their investment based on a better understanding of the companys corporate strategy and operation. PETRONAS recognizes the importance of timely and equal dissemination of information to shareholders. Therefore they arrange the Annual General Meeting (AGM) which is a crucial mechanism in shareholders communication. Employees PETRONAS must be committed to enhancing the capability of its employees, as a corporation is only as good as the people who work for it. This phrase is from PETRONAS mission statement. Employees are the most important asset of an organization, since it is the dedication, motivation and skills of an employee that make a business successful. PETRONAS highly values its employees and understands the importance of their motivation. Therefore it arranges various programmes to encourage and support its employees by involving them in voluntary work. Programmes such as Sentuhan Kasih and Jalinan Insan allow their employees to contribute to homes for disadvantaged children and orphans in the areas of their operations. These programmes provide the employees with job satisfaction, which in return highly motivates them to perform better. Community Lord Holme and Richard Watts used the following definition. Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large The culture now is to be generous by giving back to the community. Therefore organizations have certain responsibility towards the community they work in. PETRONAS is a responsible citizen of the community, thus is has successfully imitated and supported various social, environmental and community projects. PETRONAS and Education PETRONAS is committed is developing the people and they operate in by providing education particularly in the field on science and technology. They are determined to create a skilled human resource base for Malaysia through various schemes. Scholarships University technology PETRONAS (UTP) provides hands on technical training and innovative programs to help employees build skills and competencies. PETROSAINS provides a rich and motivating environment for the public to acquire knowledge about science and technology. PETRONAS benefits from this program since they are molding their own workforce, by educating them in standards which are important to PETRONAS. PETRONAS and Environment PETRONAS recognizes the importance of conserving biological diversity in order to ensure people, animals and plants. Therefore they developed the KUALA LUMPUR CITY CENTRE (KLCC) PARK, to balance the challenging demands of growing urban populations, with the environmental conservation. A much needed public park and green lung for the city of Kuala Lumpur. External Environment External environment refers to the macro forces that happen outside the business which cannot be controlled by the business. These forces will influence the internal functions of the business and its strategies to adapt itself to the changing environment. Political Environment The Malaysian government chose to create a state company, rather than using taxes, production limits, leasing, or other familiar instruments of supervision. The government sought to assert national rights over the use of the countrys resources. A state company, having both supervisory powers over the majors and production activities of its own, was a workable compromise between allowing the majors full rein and excluding them, along with their capital and expertise, altogether. PETRONAS is given full trust by Malaysia government to conduct business independently from the government. Government holds 100% of PETRONAS and formulates and implements energy policies including oil gas. The company cooperates with the government for the common purpose to develop the country to achieve the level of advanced countries. Regarding the relationship between PETRONAS and the government, one executive in the company said, There is a world, especially in the Third World, where only the government and the government (GG) can open the first door. He claimed that there is the world which does not function well with the absence of mutual trust between the government and the national oil company. http://t3.gstatic.com/images?q=tbn:pCgz92sE-H0FpM::history.sandiego.edu/cdr2/WW2Pics/04541.GIFt=1h=191w=266usg=__edWYAb0Yxd4yqnM8TXpb2ftbqK8= Legal Environment Legal concepts, principles and issues are affecting everyday business decisions of all organizations. PETRONAS is a multinational organization. Therefore the company is subjected to laws in all of its host countries. Petroleum Development Act 1974 To regulate the oil and gas industry to achieve Malaysias economic development needs, Petroleum Development Act 1974 was formulated, and PETRONAS was established under this act. Through this act, PETRONAS owns the exclusive right of ownership, exploration and production of petroleum and gas. Under the direct purview of Malaysias Prime Minister, PETRONAS is responsible for its planning, investment and regulation of all up-stream activities. Government Taxation PETRONAS is liable to pay to the Federal and State Government in terms of dividends, taxes, export duties and royalties. In the year of 2009, PETRONAS has paid RM 30.0 billion as dividends, RM20.3 billion as income tax, RM 9.1 billion as corporate income tax, RM 2.2 billion as export duties and RM 6.2 billion as royalties to the government (PETRONAS: Media Release, 2009). Laws Regarding Employee Benefits On the other hand, nearly all government pass laws to control recruitment, employment, minimum wages, health and safety at work, and trade union rights of employees. One of its aims is to protect the workers from any kind of physical injuries. It requires the working environment in PETRONAS to be safe with adequate equipment and sanitation. However, these requirements usually add up to the business cost. Consumer Rights In addition, PETRONAS has to protect consumer rights. The Consumer rights seek to protect the rights and interest of consumers, as well as to prevent them from receiving products that do not reach a reasonable level of safety. PETRONAS sternly practices this as to ensure maximum popularity amongst other oil and gas company as well as looking after customer satisfaction. Economical Environment Economical environment refers to the collective of the nature of economic system in the country. It would affect a business in terms of recession, interest rates, exchange rates and global economic factors. Recession Recession is the process when values of goods and services decline in an economy. It results in the fall of demand for certain products, as income is reduced. To keep the demand on going, the prices of products are lowered. According to an article by Jane Lee in 2009, net income of PETRONAS in the year ended March 31 dropped 14%. It was its first annual profit decline in 7 years due to sapped energy demand in global recession and high production cost. Interest rates During inflation, there will be increase in the supply of money associated to the amount of goods available. This will result in a rise in prices of goods and services in the economy over a period of time. For PETRONAS, the high interest rates and fall of purchasing power would consequently affect the cash flow of the organization. Oil Price Oil Price has strong relationship with PETRONAS sales performance. When oil price in Malaysia increase, its sales will strongly increase, and when oil price in Malaysia decrease, its sales also decrease. http://www.thegeminigeek.com/wp-content/uploads/2009/07/business-environment.jpg Technological Environment In order to adapt itself to the rapid growing technological environment, an organization has to be versatile and recognises the value of technology to its business growth. PETRONAS is a technology dependent organization that promotes and uses technology vastly for research and development. It pursues the strategic deployment and application of technology to further enhance operational excellence and maximize the potential of its existing assets and emerging opportunities. Technology in Gas Business In the Gas Business, PETRONASs technology emphasizes on mercury management. With the initiatives to remove mercury from raw condensates, the onshore mercury removal system, a technology that is among the first in the world, has been installed at PETRONAS Onshore Gas Terminal in Kertih. This system is able to treat raw condensates at the terminal, to improve operational and Health, Safety and Environment (HSE) performance as well as to assure product quality. Technology in Oil Business In the Oil Business, PETRONAS continue to pursue leading edge technologies to enhance its fuels and lubricants businesses. PRIMAX 3, the unleaded petrol, was developed in-house utilizing a superior quality fuel formulation innovated by optimising base fuel properties through the addition of the Sinar G-05 additive (PETRONAS: Oil Business, 2010). While meeting environmental standards, it enhances engine performance and efficiency. In addition, PETRONAS also believes there are opportunities in alternative energy resources and continue to explore the potential of hydrocarbon resources as well as solar energy and bio-fuels. In building a long term and sustainable energy business, the company looks toward Green Technologies to prepare for the future low-carbon economy. These technologies are believed to be providing a strong competitive advantage for PETRONAS to strengthen its position in global business. Competition In any of the industry, there must be competition among organizations. An organization will try to get more customers to buy their product instead of the one offered by the competitors. The success of organizations depends on which one makes the most attractive products at lower prices. The major competitors to PETRONAS are Shell and Caltex. They produce different type and efficiency of petrol. PETRONAS PETRONAS has designed PETRONAS PRIMAX 3 to provide maximum protection and performance for your car. By formulating with unique additive components, PETRONAS PRIMAX 3 efficiently protects the engine against injector fouling and corrosion, reinstating the car to its peak performance to improve fuel economy. Shell However, Shell is the leader in developing high quality fuels. Shell Super with fuel economy formula is specially designed by Shell experts to give you extra miles at no extra cost. It is formulated with Shells Synthetic Viscous Friction Improver, designed to reduce friction in this crucial part of your engine, helping to improve its efficiency. Caltex On the other hand, all Caltex petrols now include technologically-advanced, patented fuel ingredient, Techronà ®. Caltex Techron with cleaning agent is unsurpassed at keeping engines clean and cleaning up deposits to help reinstate original performance. It contains powerful detergents which help in removing deposits from fuel injectors intake ports and valves. The key benefits for using Techronà ® are improved performance, enhanced reliability, smoother drive, restored fuel economy and lower emissions. Comparing these petrol brands, each of them has its own strengths. They are having a healthy competition in the petrol industry with the same goal to provide the best petrol they could produce. Social Environment Social environment refers to the factors regarding the society as well as the environment. An organization needs to have social responsibilities in order to contribute to the people of the society and to protect natural environment. Social Responsibility on Consumer Many companies are affected by society and vice-versa. For PETRONAS, it was noticed that consumers are the foundation of the entire business, and dissatisfied customer could be a warning signal to the business. Therefore, it has to take care of societal needs and safeguard human rights. For example, it concerns about the safety and health of consumers. It has to make sure that it supplies safe products to the consumers and provides product knowledge via advertisements, as well as ensures product utility and performance as advertised. Social Responsibility on Environment In undertaking its business activities, PETRONAS cares for the environment by adopting responsible environmental management practices in its operations. At the same time, it also contributes to the biodiversity and conservation of the environment for the sake of the community. PETRONAS is taking every practicable and reasonable step to prevent the risk of injuries, health hazards and damages to properties in according to international Health, Safety and Environment standards. It is also investing in community-related initiatives in environmental conservation and urban renewal, both in Malaysia and other countries. These community projects aimed to create sustainable benefit and tangible value to the communities. http://www.momisteaching.com/wp-content/uploads/2009/08/social-media-marketing.jpg Conclusion Over the years, PETRONASs unique experience and expertise, coupled with its technical and operational competencies have allowed it to be accepted as the preferred strategic partner by international companies and the host countries. Facing the adverse business and economic environment, PETRONAS is still able to integrate, add value and globalize its operations. These would bring the company towards the realization of its vision to become a Leading Oil and Gas Multinational of Choice. Moving forward, PETRONAS will continue to improve its business performance, strengthen its resilience and enhance its capabilities to confront the challenges in delivering a sustainable energy future for all its stakeholders. Moreover, it will guided by its objective to serve the nation and people with high standards of ethics and integrity, while at the same time maximizing shareholders returns. (3029 words)
Wednesday, November 13, 2019
Nature and Nurture in Crime and Punishment Essay -- Crime and Punishmen
Nature and Nurture in Crime and Punishment à à In the news today there is an article about a high-school boy who brought guns to school and shot several students. The parents of the victims are suing various computer game companies saying that the violent games present shooting and killing people as pleasurable and fail to portray realistic consequences. A representative of one of the companies released a statement saying that this is another example of individuals seeking to elude responsibility that has become so common in our society. This case is not about software. What is on trial is the age-old debate between nature and nurture, which also lies at the center of Fyodor Dostoevsky's Crime and Punishment. à In his dream about the gray nag, Raskolnikov as an unshaped child is innately compassionate; he weeps for horses being cruelly beaten, but already society, in the form of his parents, begins to shape him, to train him, to numb his compassionate feelings for those in pain. His mother draws him away from the window when he sees such a horse pass and his father tells him when the men kill the nag "They're drunk, they're playing pranks, it's none of our business, come along" (59). Already Raskolnikov is being taught to rationalize murder, for all those people who watched and did not interfere are partly to blame as they rationalize that "it's none of our business." à Mikolka, the horse's murderer, also rationalizes his role; first, he defines the mare as property, not as life. Repeatedly he says "It's my goods" (57) while those who object refer to the horse not as an neuter object but as "her." Secondly, he attempts to justify the act through cold reasoning: "I might as well kill her, she's not worth her ... .... Even today as we scan the news we can still find the nature versus nurture issue addressed by Dostoevky still prevalent in our court cases and legal system. à Works Cited and Consulted: à Bloom, Harold. Modern Critical Interpretations. New York, New York: Chelsea House Publishers, 1988. à Dostoevsky, Fyodor. Crime and Punishment. New York: Random House, 1992. à Gale Research Co. Nineteenth Century Literature Criticism. Detroit, MI 1984, Vol. 7. à Kjetsaa, Geir. Fyodor Dostoyevsky, A Writer's Life. New York, New York: Viking Penguin Inc., 1987, à Magill, Frank. Masterplots. Englewood Cliffs, NJ: Salem Press, 1976. à Terras, Victor. Handbook of Russian Literature. New Haven, CT; Yale University Press, 1985. à Timoney, John. Speech on Crime and Punishment. Mt. Holyoke College, November 10, 1994. Ã
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