Effects of Automobiles Essay

Automobiles have become a big part of today? s society. Whether it be a car or van, the modern American citizen probably can? t go a day without using one. These machines are the main escorts for our daily travels from work to home. Most Americans depend on their vehicles to run well so that they can maintain their everyday treks of commuting back and forth. These automobiles have been the cause of an abundance of jobs throughout the United States. A great number of our citizens are employed by automobile production plants, car repair industries, and other automobile related positions. To think that cars could have been non-existent makes us wonder where thousands of our citizens would find work. We know that a big part of the United States industrial and trading world relies on the automobile and its components. Another view of our life without automobiles deals with our visual perspective. Car and truck advertisements consume a great deal of air time for television commercials. We see these luxurious machines and little by little we are tempted and pressured into investing into one of them. Numerous amounts of our modern movies also involve automobiles. For example, ? Speed? and ? Batman? both deal with automobiles of some sort. Whether it be the common city bus or the exquisite vehicle entitled the ? Batmobile? , these both influence our ideas of the automobile world. On the reverse side, though, automobiles have also been the cause of much of the world? s pollution. The carbon-monoxide released by a car? s exhaust pipe spews into our environment making our air dirty and the earth a bit closer to extinction. With all these pollutants in our air, it often makes it hard to breath and difficult to see. Many times we find a layer of dirt and grime on the back bumper of our cars and realize that about thirty times this much is tossed into the air each day by one individual vehicle. Any automobile which runs on diesel fuel releases a thick cloud of black smoke into the environment constantly. This disgusting smog stains buildings, covers trees, and hovers above many of our major city in large masses. Automobiles also contain some fluids that can be deadly to us and our wildlife. We often hear of gasoline spills by tanker trucks or by ships, both of which are meant to supply our automobiles with fuel. The gasoline encompasses huge areas of our oceans and suffocates our animals with blankets of black slime. Our own greed for bigger and better things causes many of our nation? s animals to die each year. Accidents are another default of today? s modern automobiles. Cars and trucks are the cause of the deaths of thousands of Americans annually. Almost everyday, numerous accidents can be witnessed by a single individual. Resulting from these broken parts and twisted sections of steel, are dead bodies and broken families. The yearning for speed and the desire for competition has ended the lives of many automobile owners. Young drivers often compete against each other in races and other dangerous games. Many times, these foolish schemes end in fatality. Another leading cause of death in automobiles results from alcohol abuse. This terrible mixture of drinking and driving commonly ends in death of the driver and of other innocent civilians. The automobile has been the victim of trillions of fender benders and more serious accidents. This has caused concern in the mind of society, and with it has come precautions. The cars and trucks of today have been formatted with all types of life saving gadgets to make traveling easier and less risky. These high tech automobiles of today have revolutionized our world. We have gone from a crank engine to an eight cylinder, one hundred sixty horsepower engine. We have progressed from speeds of twenty five miles an hour to speeds well over one hundred miles an hour. Roads have expanded, bridges have been widened, and new breeds of automobiles have been introduced along the way. This constant change of what appears to have a good outcome also brings along some negative aspects. These downfalls include those discussed above and many others. With every great step towards technological breakthroughs in the automobile world, new problems and hindrances arrive which are sure to lead to more fatal outcomes. Though cars have changed our lifestyle for the better, the extra impact of negative effects has hurt our society as a whole.

Analysis Taj Hotel

The Indian Hotels Company Limited Analyst Meet Results for the Half Year ended September 30, 2012 November 6, 2012 1 Disclaimer These presentations contain forward-looking statements within the meaning of applicable securities laws. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements Forward-looking statements are not guarantees of future performance and involve risks and uncertainties and other factors that may cause actual results to differ materially from those anticipated at the time the forward-looking statements are made.Future results, performance and achievements may be affected by general economic conditions, regulatory environment, business and financing conditions, foreign exchange fluctuations, cyclicality and operating risks associated with the hospitality industry and other circumstances and uncertainties. Although we believe the expectations reflected in such forward looking stat ements are based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that results will not materially differ.We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise Please visit our communications corporate website www. tajhotels. com for previous investor 2 Presenter Panel Raymond Bickson – Managing Director & CEO Anil P Goel – Executive Director – Finance Abhijit Mukerji – Executive Director – Hotel Operations Deepa Harris – Senior Vice President – Sales & Marketing 3 Outline of Presentation Industry Trends New Inventory Sales & Marketing Initiatives Financial Results Industry Trends 5 International Tourist Arrivals 2012 International tourist arrivals worldwide grew by 5% in the first 6 months of 2012 to 467 million international travelers, consolidating the growth trend that started in 2010. International Tourist Arrivals were up in all regions of the world, with advances and emerging economy destinations growing at about the same pace. First 6 months of the year typically account for 45% of the tourist arrivals since most of the Northern Hemisphere performs much better in the second half which is its peak season.Source : UN WTO 6 Global Hotel Performance January – September 2012 Americas and Middle East showed a moderate growth in Key Performance Indicators over last year Asia Pacific market saw an overall moderate growth in occupancy and ADR for most of the first 9 months of 2012 In the Indian subcontinent, both rates and occupancies lagged behind last year, owing mostly to increased supply and resulting in an overall RevPAR 13% below last year Source : STR Global 7 Foreign Tourist Arrivals in India 2012 vs 2011 Foreign Tourist Arrivals in India (In Lakhs) 8 7 6 5 4 3Jan Feb Mar Apr May 2011 June July 2102 August Sept Oct Nov Dec April-Sep :+3. 4% Jan- Sep :+5. 9% growth over last year Growth in Tourist Arrivals in India has slowed down and increased to 2. 6 mn travelers in April – Sep 2012 which was a 3. 4% growth over 2011 vs 9. 3% growth in April – Sep 2011 over 2010. Growth for Jan-Sep 2012 was 5. 9% over 2011 against vs 9. 9% in Jan-Sep 2011 over 2010. The traditional source markets of US , UK and Western Europe continue to be the majority contributors to arrivals in India Source : Ministry of Tourism, Government of India 8India Hotel Performance – Key cities April to September 2012 April – September 12, % change in Market Scenario 70. 0% 61% 60. 0% 50. 0% 40. 0% 30. 0% 20. 0% 10. 0% 0. 0% India Goa Mumbai Delhi Jaipur Bangalore Chennai Hyderabad Supply % change Demand % change 23% 20% 9% 4% 6% 32% 25% 32% 31% 26% 20% 49% 40% 33% 4% There has been overall a 23% increase in Supply in H1 compared to last year. Demand growth has been moderate at 20% in summers and expected to pick up in H2 and winters Source : STR Global 9 India Hotel Performance – Key cities April to September 2012 April – September 12, % change in performance 0% 5% 0% -5% -10% -15% -20% India Goa Mumbai Delhi Jaipur Bangalore Chennai Hyderabad Occ % change ADR (INR) % change -3% -5% -2% -4% -1% -5% -9% -11% -7% -8% -11% -3% -5% -5% 5% 1% The Demand – Supply mismatch has put a pressure on occupancies and Average rates compared to last year across all key metros Overall this has led to a 7% decrease in RevPAR in the Indian Hospitality Industry in the first half of the Financial year Source : STR Global 10 Occupancies – Year on Year Trend 56 54 59 58 58 55 56 61 52 58 62 54 51 46 46 65 Delhi India Bangalore Hyderabad Mumbai Chennai Jaipur H1 2011/12Source: STR Global Reports H1 2012/13 Lower occupancies across all cities except Goa 11 Goa ARRs –Year on Year Trend 7910 7606 7224 6559 5929 5648 6717 6198 5945 5765 5344 4778 4092 3645 4949 4980 Delhi Bangalore Hyderabad Mumbai H1 2011/12 S ource: STR Global Reports H1 2012/13 Rates lower across all cities barring Goa Chennai Jaipur India Goa 12 Rev PARs – Year on Year Trend 4700 4408 4185 3595 3323 3077 3771 3219 3653 3369 2882 2446 1898 1679 3059 3219 India Mumbai Chennai Jaipur Delhi Bangalore H1 2011/12 Source: STR Global Reports H1 2012/13 RevPAR lower across all cities barring GoaHyderabad Goa 13 New Inventory 14 Supply Pipeline As of September 2012 Asia Pacific the Growth Centre for Investments in the Industry No of Rooms in Pipeline September 2012 As Pac, 377397, 38% Americas, 363568, 36% MEA/Africa, 122942, 12% Europe, 141554, 14% The demand in Asia Pacific is supported by the growing supply coming into these countries from international brands and the largest pipeline worldwide The highest growth in As Pac region is in the Upscale segment The Americas continue to see a high active pipeline, here too mainly in the Upscale segment Source : STR Global 15Taj Group Inventory 112 99 103 107 115 62 66 76 82 8 8 16 Hotels Opened 2012/13 Hotel Taj Taj Palace Marrakech, Morocco (Soft Open) Vivanta by Taj Vivanta by Taj, Madikeri, Coorg Ginger Hotels Ginger Hotel Faridabad Ginger Hotel Vadapalani (Chennai) Ginger Hotel Andheri (Mumbai) Roots Corporation Ltd Roots Corporation Ltd Roots Corporation Ltd 91 79 116 Management Contract 62 Management Contract 161 Company Rooms Hotels Opened Till Date 2012/13 5 Hotels 509 Rooms 17 Taj Palace Marrakech, Morocco 18 Vivanta by Taj, Coorg 19 19 Upcoming Development – Balance of 2012/13Hotel Vivanta by Taj Vivanta by Taj, Gurgaon Gateway Gateway, Kolkata Gateway, Hubli Gateway OMR, Chennai Ginger Hotels Ginger Hotel Jaipur Ginger Hotel Kormangla (Bangalore) Ginger Hotel Noida (NCR) Ginger Hotel Amritsar Management Contract Management Contract Management Contract Roots Corporation Ltd 103 67 80 60 200 92 193 Management Contract 200 Company Rooms New Development in Pipeline 2012/13 New Hotels Opened Till Date 2012/13 8 Hotels 5 Hotels 995 Rooms 509 Rooms 1,504 Rooms 20 20 TOTAL DEVELOPEMNT FY 2012/13 13 Hotels Vivanta by Taj, Gurgaon 21The Gateway Hotel, Kolkata 22 The Gateway Hotel, Hubli 23 Upcoming Development– 2013/14 Hotel Taj Taj Airport Hotel, Terminal 1C, Mumbai Imperial Club by Taj, Tardeo, Mumbai Vivanta by Taj Vivanta by Taj, Dwarka Gateway Gateway, Hinjewadi, Pune Gateway, Raipur Gateway, Gondia Gateway, Faridabad Ginger Hotels (Six in Number) Management Contract Management Contract Benares Hotels Ltd Management Contract Roots Corporation Ltd 150 119 34 150 534 IHCL 250 Taj GVK Management Contract 275 9 Company Rooms New Development in Pipeline 2013/14 13 Hotels 1,521 Rooms 24Imperial Club by Taj, Tardeo, Mumbai 25 25 Vivanta by Taj, Dwarka 26 26 Sales and Marketing Initiatives 27 Strategy to Drive Incremental Revenues Surprises Campaign (Apr – Oct 2012) Tactical promotions campaign that is now launched every summer to address the seasonal drop in demand. Relaunched on 26th March 2012 for Summer 2012 Provides unique value proposition to customers with the following objectives – Drive SpendPAR – Drive Loyalty – Increase Capacity Utilization in lean months Campaign Programs – Flexi Credits – Suite Celebrations – Stay a Bit Longer 28Leisure focus – Domestic Dominance Taj Holidays – Summer, Monsoon, Winter Adopted a Destination led approach that we supported through an integrated marketing campaign. (Goa, Kerala, Indian Ocean, Small Palaces, Grand Palaces, Taj Safaris) Objective – tap the growing domestic holiday market in our lean season Advertising campaign was spread across pre-opening, summer and monsoon planks Interactive Roadshows in major feeder cities for travel trade and potential end users from the city 9 Leisure Focus – The High end Traveler Taj Hotels Resorts and Palaces Customer Outreach by Taj at Travel + Leisure Global Bazaar, New York , September 2012 Annual travel trade and consumer show organized by Travel + Leisure attended by over 5000 media, travel trade and consumers over 3 days in New York The innovative customer experience installation to communicate the Taj luxury positioning and service experience at the suites of the Taj Grand Palaces.Supported by promotional activity and editorial coverage Channel Outreach through Taj Travel Awards at Taj Mahal Delhi , July 2012 Instituted two years ago it is the only award ceremony initiated by a hotel group to acknowledge and felicitate the inbound DMCs in India for their support and contribution. This year’s event drew 200+ prominent DMCs and travel trade press from across the country for a splendid evening of Awards ceremony, sit-down silver service dinner and entertainment. 0 Driving Revenues Taj Hotels Resorts and Palaces Visibility Increased visibility through advertising campaign Enhanced focus on India Advertising in leading newspapers, general interest magazines, business magazines, lifestyle magazines and travel related magazines Driving Incremental Revenues from Corporates Winning back lost customer campaign Long stayer program for targeted accounts Channel based campaigns for Hit accounts 31Building the newest Brand Vivanta by Taj – Hotels & Resorts Launch of the signature Fuse 2. 0 Cocktails in an exclusive partnership with Diageo and Canali, August 2012 A Vivanta innovation launched in 3 key cities via a roadshow 6 signature cocktails each being a tribute to a Vivanta city Generated tremendous PR coverage and social media noise Brand Personification and Experiences Season 2 of both Divas of Rock and Urban Folk premiered at Vivanta Whitefield and Vivanta Begumpet Hyderabad.The Vivanta Motifs campaign went live across select media print, digital and social Awards & Accolades Vivanta by Taj is currently in the top 10 rank amongst 147 of the global pages on SocialBakers Analytics Vivanta Yeshwantpur Bangalore was ranked amongst the best 100 business hotels of 2012 by Wall paper UK Vi vanta Whitefield won the Emirates Leaf Design awards for the best commercial design world wide 2012 Vivanta Bekal voted the 8th best new spa destinations by Conde Nast India 32Enhancing the Brand Experiences The Gateway Hotels & Resorts The Gateway Hotel Residency Road Bangalore Relaunch, September 2012 Relaunched via a successful Customer and Media event Great PR Thrust, focus being revamped product post extensive renovations, the new lobby and spectacular F&B offerings Integrated marketing campaign Active Foods Campaign Extensive campaign marketing Gateway’s Active Food Conducted at all Coffee Shops with new menus, posters and tent cards across all hotels Supported by a media campaign (print, OOH, online and social) Contests in social media in the run up to the Olympics 3 Awards & Accolades Recognition in the Travel + Leisure Global Vision Awards for Leadership in Corporate Social Responsibility activities. The Awards recognize the outstanding efforts of individuals and org anizations that are working to preserve the world's natural and man-made treasures and contributing to building and sustaining livelihoods. Best Business Hotel Chain in India at the Business Traveler UK Awards 2012. Featured in Travel + Leisure World's Best Awards 2012 list of Top 100 hotels in the world and Top Resorts in Asia.Featured in the Travel + Leisure World's Best Awards 2012 list of Top City Hotels in Asia Amongst the Top 10 hotels in the world by Expedia. com's Insiders' Select based on consistent delivery of values, competitive pricing and impeccable customer service. Honoured as ‘Most Inspirational Eco Lodge of the Year’ at the 2012 Tour Operators for Tigers (TOFT) Wildlife Tourism Awards Ranked #1 Overseas Leisure Hotels in Asia and the Indian Subcontinent, Conde Nast Traveller UK Readers' Travel Awards 2012 34 Standalone Financial Performance Six Months ended September 30, 2012 35 Profit and Loss Account H1 2012/13 /Crores Net Sales/Income from Operations Other Operating Income Total Income a. Consumption of Raw Materials b. Employee Benefits Expense c. License Fees d. Fuel, Power and Light e. Depreciation and Amortisation Expense f. Other Expenditure Total Expenditure Profit/ (Loss) from operations before Other Income, Finance Costs and Exceptional Items Other Income Profit/ (Loss) before Finance Costs and Exceptional Items Finance Costs Profit/ (Loss) after Finance Costs but before Exceptional Items Exceptional items Profit/ (Loss) before tax Provision for Taxes Profit/ (Loss) After Tax 2012/13 775. 8 775. 48 73. 05 240. 22 51. 97 79. 41 63. 08 244. 62 752. 35 23. 13 33. 23 56. 36 53. 23 3. 13 (6. 70) (3. 57) (1. 24) (2. 33) 2011/12 727. 10 727. 10 64. 69 226. 91 44. 01 65. 43 55. 50 219. 77 676. 31 50. 79 35. 47 86. 26 50. 08 36. 18 9. 81 45. 99 16. 33 29. 66 % Change 7 7 (13) (6) (18) (21) (14) (11) (11) (54) (6) (35) (6) (91) – 36 Turnover H1 2012/13 ` crores Room sales F&B sales Other Income Management Fees 2012/13 354. 76 317. 80 52. 88 50. 04 2011/12 343. 89 287. 65 49. 55 46. 01 % Change 3 10 7 9Total Income Non – Operating Income Total Income including Other Income 775. 48 33. 23 808. 71 727. 10 35. 47 762. 57 7 (6) 6 Room revenue growth driven by 3% increase in average daily rooms sold including capacity increase Higher F&B sales due to increase in restaurant sales and banqueting business Management fee linked to higher turnover and profitability of non IHCL hotels 37 Expenditure Raw Materials Cost – ` 73. 05 crores Increase in line with 10% higher F&B revenue and commodity input cost increase Staff Cost – ` 240. 2 Crores Increase due to launch of new hotel in Bangalore, wage settlements, annual increments etc. License Fees – ` 51. 97 crores Increase on account of higher turnover of licensed properties Fuel, Power & Light – ` 79. 41 crores Higher on account of increase in rates and new capacity 38 Expenditure Depreciation & Amortisation – ` 63. 08 cro res Higher due to opening of new hotel in Bangalore and renovations in select hotels Other Expenditure – ` 244. 62 crores Increase in variable costs linked to business, full period cost of new hotel in Bangalore & higher A&P spendsFinance Costs – ` 53. 23 crores Increase due to ECBs taken to retire debt in Company’s offshore subsidiary 39 Exceptional Items Expense of ` (6. 7) crores in the current year against an income of ` 9. 8 crores in the previous year `/ Crores Particulars Income/(Expense) on surrender of a project (Net off accumulated capital expenditure) Exchange gain/(loss) Total 2012/13 (6. 7) (6. 7) 2011/12 10. 6 (0. 8) 9. 8 40 Statement of Assets & Liabilities September 30, 2012 ` / CroresShareholders’ Funds Non- Current Liabilities Long-term borrowings Long Term Provisions Other Long Term Liabilities/ Deferred Tax Liabilities Current Liabilities Short Term borrowings Other Current Liabilities Trade Payables/Short-term provisions Equity and Li abilities Non-current Assets Fixed Assets Non-current investments Long Term loans and advances Other non-current assets Current Assets Current Investments Short term loans and advances Other currents assets/ cash & bank/ inventories/ trade receivables Assets 71. 28 112. 50 229. 51 7614. 34 71. 87 227. 05 7363. 8 2066. 91 3622. 19 1495. 19 16. 76 2068. 36 3622. 19 1346. 93 27. 58 247. 52 406. 77 168. 88 7614. 34 122. 57 789. 58 280. 08 7363. 98 2287. 24 78. 20 757. 17 2039. 94 95. 93 668. 07 September 30, 2012 3668. 56 March 31, 2012 3367. 81 41 Consolidated Financial Performance Six Months ended September 30, 2012 42 Major Taj Group companies Subsidiaries Indian Piem Hotels Ltd Taj SATS Air Catering Ltd Tifco Holdings Ltd [Investment Company] Benares Hotels Ltd Inditravel Pvt Ltd United Hotels Ltd Roots Corporation Ltd Overseas International Hotel Management Services, Inc.St James Court Hotel Ltd IHMS (Australia) Pty Ltd Taj International Hotels (HK) Ltd [Investment Company] Samsara Properties Ltd [Investment Company] Others 43 Associates Oriental Hotels Ltd Lanka Island Resorts Ltd TAL Lanka Hotel PLC Others Joint Ventures Taj GVK Hotels & Resorts Ltd Taj Madras Flight Kitchen Pvt Ltd Taj Kerala Hotels & Resorts Ltd Taj Karnataka Hotels & Resorts Ltd Taj Safaris Ltd TAL Hotels & Resorts Ltd [Investment Company] Others Consolidated Financial Results H1 2012/13 Consolidated results show a loss of ` (91) crores against a loss of ` (70) crores.Key factors influencing the consolidated results are listed below: Domestic Portfolio – Lower profit from operations, lower dividend income & foreign exchange translation loss on borrowings – Previous period had an exceptional gain on account of interest income on surrender of a project International Portfolio – Samsara Properties Limited debt fully retired through equity funding from IHCL – Despite growth in turnover, US hotels continue to face challenges 44 Consolidated Financials H1 2012/13 `/ Crores Net Sales/Income from Operations Other Operating Income Total Income a. Consumption of Raw Materials b.Employee Benefits Expense c. License Fees d. Fuel, Power and Light e. Depreciation and Amortisation Expense f. Other Expenditure Total Expenditure Profit/ (Loss) from operations before Other Income, Finance Costs and Exceptional Items Other Income Profit/ (Loss) before Finance Costs and Exceptional Items Finance Costs Profit/ (Loss) after Finance Costs but before Exceptional Items Exceptional item Profit/ (Loss) before tax Less: Provision for Taxes Less: Minority Interest in Subsidiaries Add:Share of Profit(Loss) in Associates Profit( Loss) after Tax 2012/13 1666. 37 1666. 37 177. 56 629. 05 84. 04 143. 30 145. 2 492. 55 1671. 62 (5. 25) 35. 03 29. 78 81. 76 (51. 98) 1. 28 (50. 70) 8. 71 (24. 67) (6. 77) (90. 85) 2011/12 1455. 50 1455. 50 160. 72 540. 84 66. 73 117. 27 129. 29 417. 68 1432. 53 22. 97 39. 81 62. 78 110. 45 (47. 67) 4. 26 (43. 41) 27. 05 (10. 56) 10. 69 (70. 33) % Change 14 14 (10) (16) (26) (22) (12) (18) (17) (123) (12) (53) 26 (9) (70) (17) 68 (134) (163) (29) 45 Consolidation Snapshot `/Crores Revenue 2012/13 IHCL Standalone Subsidiaries Joint Ventures Associates Total Less/(Add): Inter Company Eliminations Consolidated Performance 1716. 7 50. 3 1666. 4 1498. 5 43. 0 1455. 5 775. 5 862. 1 79. 1Profit after tax & Minority Interest 2012/13 (2. 3) (43. 7) (8. 6) (6. 8) (61. 4) 29. 5 (90. 9) 2011/12 727. 1 701. 1 70. 3 2011/12 29. 7 (80. 0) (4. 2) 10. 7 (43. 8) 26. 5 (70. 3) 46 Treasury Liquidity raised/ committed Received ` 373 crores in June, 2012 on conversion of warrants by Tata Sons Ltd Raised ` 200 crores by issuing low coupon unsecured NCDs Funds Utilized Repayment of ECB in April, 2012 – $ 30 million Repayment of Fixed Deposits between April to October, 2012 – ` 285 crores 47 International Hotels Occupancy (%) Hotel Name H1 2012/13 H1 2011/12 ARR ($) H1 2012/13 H1 2011/12 RevPAR ($) H1 2012/13 H1 2011/12The Pierre, New York 63 67 620 571 391 382 Taj Boston 74 71 296 287 218 202 Campton Place, San Francisco 79 75 290 287 229 216 St. James Court, London 88 85 318 299 278 253 Blue, Sydney 75 76 221 230 165 176 48 Overview of Taj Group – H1 Particulars Number of hotels 2012/13 115 2011/12 110 2010/11 107 2009/10 103 Rooms Inventory 13,887 13,237 12,795 12,243 Total Revenue – ` / crores 2,288 2,069 1,822 1,603 Total Revenue denote arithmetic aggregate of turnover of all hotels/units irrespective of ownership, including Management Contracts 49 Thank you 50

What arts need to be Essay Example | Topics and Well Written Essays - 750 words - 1

What arts need to be - Essay Example Drawings and paintings are two field of specialization that have continually attracted more artists, the two are just like any other art require an effective understanding of the skills and other important aspects of arts some key among these are discussed below. Artifacts communicate better, when the artists portray an understanding of the art. This requires the artists to provide a seamless balance of the different elements of the art; these include such important aspects of either painting or drawing as the color balancing and the depth of the colors in different parts of the artifact. Each of the elements communicates and colors communicate more in any presentation. The artist must therefore portray and adequate understanding of color balancing to create an artifact that is within the context and communicates the actual feelings of the artist. Artistic skills include the understanding of such significant aspects of the trade without which one does not qualify as an artist. Artistic skills are innate, but require constant training to perfect. However, studies have proven that the arts are a discipline just like any other and require the development and nurturing thus can be taught is schools and that people are not necessarily born artist s. From the Davis and Cline gallery, the picture of a house portrays artistic skills of the painter. His or her ability to balance between the wide range of paint colors and to apply the right amount of shade to result with such a magnificent structure. However, the picture does not only portray the painting aspect of the house but strikes a balance between artistic features to result in the flamboyant array of beauty. The house has a unique design, one that is artistic in nature showing precise placement of such important features as the doors and windows. Additionally, other decorations such as the flower bed and the tree, which may look accidental all, play a part in creating a unique ambience around

Strategic Marketing Management of Wal-Mart Case Study

Strategic Marketing Management of Wal-Mart - Case Study Example As a result, it's British subsidiary ASDA, which already was proficient in the Britain, has made a successful business in U.K. Presently, the ASDA-Wal-Mart supercenters stand at the second level in the supermarket chain of U.K. It covers a huge market share of 17% in the U.K. After the takeover by Wal-Mart in 1999, the retail company has flourished by leaps and bounds. In 2004, ASDA operated a large number of stores in Scotland and employed a number of employees. The total number of store operated by ASDA in 2004 was 259 and the employee strength was 122000 (ASDA/WAL-MART: A Corporate Profile, 2004). The key to ASDA-Wal-Mart's colossal success is its strategic marketing management policies. The company has implemented some highly calculated and effective marketing strategies. It has always made an effort to render the best product to the customers in terms of quality and price. Simultaneously, it has imparted a feeling of associate partners to all its employees. Strategic marketing is a complex management technique for the identification of proper marketing opportunities. It aims to offer better values to the most profitable areas of the business without harming customer interests. The core marketing concepts are concerned with customer needs, customer-client relationship and supply of quality products at affordable prices. This includes a sophisticated market research that rests on customer feedback. A company is directed to build a competitive-edge for long-term activities with the application of various management techniques. The objective of strategic marketing management concerns with a wide array of activities. It involves an aggressive approach to capture the market share rapidly. While performing such kind of marketing management activity, a company needs to focus on the product diversity, the various geographical regions in which it is operating, the role of branding, the marketing channels it is using and the product quality it is offering. All such areas of marketing are required to improve for strategic marketing management. A giant retailer like Wal-Mart will need to re-focus all these issues to find the drawbacks and improve its service by correcting them (Strategic Marketing Management, 2009). The domain of strategic marketing management is vast and it includes internal as well as external analysis of the company. This report focuses only on the external analysis of the company. There are various models that have been put forward to express the external analysis of a company. Porter's five forces model is the most popular among them. The task of strategic analysis involves a high level of expertise and experience. The analysts must possess both the qualities to conduct a strategic analysis with ease. When an analyst uses Porter's five forces model, the planning process consists of a chain of steps. The

Hospice Care Essay Example | Topics and Well Written Essays - 1000 words - 1

Hospice Care - Essay Example The concept spread widely in the United States and it was something outside the conventional healthcare system. The hospices at that time were funded through charities and there was volunteer staff that provided personalized care to the patients. Hospice was not known for being a place for care but rather a concept of care. As it established, the hospice leaders came together to formulate standards and guidelines for developing hospice care (Cartwright, Miller, & Volpin, 2009). In 1978, the National Hospice Organization (NHO) was developed and it provided a national forum for education, discussion, and support of hospice quality care standards. Medicare coverage was expanded by the Congress in 1983 to include hospice care. Hospice benefits were also offered by many private insurers as they recognized the compassion for hospice care and its cost effectiveness. The number of hospices and numbers of patients in hospices have increased gradually and in 1991, there were about 1,830 hospices serving about 212,000 patients throughout U.S. Today the hospice concept remains unchanged since its early days. The intention of a hospice is to create a setting where patients get relief from their pain and are able to find support to improve the quality of their remaining life. Hospices make the effort to create a setting in which people can die peacefully. Today the hospices are a part of the mainstream healthcare system of U.S (Groninger, 2012). Choosing a hospice care may have advantages and disadvantages. The major advantage of a hospice care is the availability of a care team which consists of professionals and volunteers. This comprehensive and interdisciplinary team is involved in understanding and taking care of the patient’s needs. The team includes nurses, physicians, social workers, and trained volunteers who fulfill the needs of the patients. Another

Contemporary Issues In Business And Management Essay - 1

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Fashion leg wear Research Paper Example | Topics and Well Written Essays - 1000 words

Fashion leg wear - Research Paper Example These socks were split-toes, meaning they were suitable for wearing with slippers. The socks were woolen because wool was the material for the earliest hosiery known. The socks were up to ankle-length and were not as long as stockings (Rachel, par.1). People used wool and mixed wool in the production of the earliest forms of hosiery. Originally, stockings worn by men were brighter in color than those belonging to the women were. Men put on decorated stockings under their short to add glamor to their look. The decoration of socks and shorts was a common practice among boy scouts and soldiers after winning a war. As a show of their pride, when the men returned from war, they ripped their shorts and added colorful stockings to their look. Women, on the other hand, wore dull colored stockings that were invisible for the better part of the 19th century. Women’s stockings were invisible due to the very long skirts worn at the time. The main purpose of stockings during this period was to provide warmth and prevent frostbites (All about shoes 32). The invention of the machine used for knitting in 1589 was an improvement from hand woven stockings. The device improved both the rate and quality of hosiery made. The machine mainly made stockings from wool and cotton. It is also important to note that men wore most of the earliest forms of hosiery. Therefore, the stockings knitted by the machines were for men. Women were not in the picture up to later in the century (Rachel par. 2). Early into the 20th century, hosiery production shifted from the use of wool to use of cotton. Knitting machines were very useful in the making of stockings, especially those made from cotton. A type of cotton that was well polished, known as Lisle was also very common in the knitting of stockings. In both the 19th and early 20th century, men and women wore stockings to provide warmth. The

Austrian Economics Research Paper Example | Topics and Well Written Essays - 3750 words

Austrian Economics - Research Paper Example The second prime objective of Menger was to prove that this explanation of commodity-price-formation is not only general but also abstract. The purpose of this explanation was also to correct the German Historical School, which suggests that there are no such universal economic laws that are applicable across different cultures, times and nations. They rejected the â€Å"Manchester School’s† requisition on global free trade in view of the universal relevance of the comparative edge (Mises, 1969). Menger being a supporter the rich empirical research of the historicists debated that the economic goods’ properties are based on the general theoretical investigation. He also dedicated his book to Wilhelm Roscher who was a renowned historicist. The Historical School’s younger members did not support Menger’s argument. The subsequent argument to this — characterized the methodenstreit or dispute over procedures — followed that the historicist s started to refer Menger and his supporters as the â€Å"Austrian School,† that signifies their mediocrity in comparison to the genuinely German approach (Bostaph, 1994; Caldwell, 2004; Mises, 1969). Although the Historical School applied adequate impact on the German Universities and thereby, took them to the twentieth century however it is the insights of the Austrian School that marked an impact on the remaining professions in other parts of the world. The discussions by Menger in relation to subsiding marginal utility, scarcity, and Robinson Crusoe economies were naturally knitted into the surfacing marginalist consensus. Similarly, the students of Menger, Friedrich Wieser and Eugen Bohm-Bawerk made significant contributions to the principle concept, Wieser for introducing the terminology â€Å"opportunity cost† and Bohm-Bawerk for his coining the time preference discussion (White, 2003). The Austrians had differences with the others, particularly when Marshall re established the production-cost-concept as one blade of a pair of scissors that evaluate price whereas the marginal utility being the other blade of these scissors. However, these were just minor disputes under a wider consensus. Although both F.A. Hayek and Ludwig von Mises followed the tradition of Menger however by the time they were internationally recognized they were just economists and did not require any â€Å"Austrian† label. Since that point of time, the â€Å"Austrian School† simply became a term of historical significance. Nevertheless, the affiliation with the mainstream of the profession continued. The argument related to socialist calculation disclosed the deep, fundamental gulf that distinguishes the Austrians from the neoclassical orthodoxy, which commenced, in 1920, with the publication of â€Å"Economic Calculation in the Socialist Commonwealth† by Mises (1935). According to Mises, the socialist planners, without money prices, would miss-out a common denominator for calculating the effectiveness of alternative uses of resources and hence, would be unable to get involved in rational economic calculation. The socialist-economists retorted with the market socialism theory, the concept that the socialist planners could employ the centrally controlled accounting prices and systems of equations as an alternate for market exchange. Hayek and Mises retorted by pointing out that the market socialists basically misinterpreted the issue, but to no benefit. All Professional

Macroeconomic Analysis of South Africa Research Paper

Macroeconomic Analysis of South Africa - Research Paper Example Hospitality Segment in South Africa Similar to any other industry, the hospitality industry has to face a significant impact due to the economic condition in any country. The economic conditions prevailing within an economy determines the trend of travel and thus the profitability of hospitality sector. Hotels require a major financial investment. Nevertheless, financial suppliers necessitate guarantee that the hospitality organizations are satisfactorily feasible to repay the invested amount. The situation of hospitality market is generally determined by income per room and occupancy rates. Increasing occupancy rate in hospitality industry denotes high demand which can open the opportunity for new entrants in the hospitality industry. It is worth mentioning that the hospitality industry is directly related with national as well as distant travelling trends for tourists and commercial visitors (PwC, 2011). Hospitality organizations can gain high return on investment in the presence o f strong and healthy economy. For instance, the macroeconomic factor such as growth rate has major impact on the travel because it entices and preserves customers and drive sales within the industry. Furthermore, the condition of economy creates an impact on both domestic as well as global corporate travel. It is in this context that South Africa has satisfactory demand for hospitality services. With the virtues of the macroeconomic environment prevailing in the business context of South African hospitality industry, the number of overnight visitors in South Africa has increased considerably from 2004 to 2006 by almost 10.23 million. The increase in number of travel has accelerated the room occupancy rate as well as hotel revenue (PwC,...This paper is one of the best examples of the macroeconomic analysis of South Africa, and the overview of its current state of hospitality segment. Even though the financial structure of South Africa is improving, it is facing two most important macroeconomic problems (i.e. unemployment and electricity) which can have a substantial impact on the industrial development of the economy. The paper analyzes the extent of these problems and how the government reacts with the problems through developing macroeconomic policies. Furthermore, the paper also describes the hospitality industry in South Africa and its relationship with current macroeconomic issues faced by the country in order to understand the potentiality of instigating a new venture in the particular industry. South Africa is regarded as the economic centre of the African continent. It has outstanding and advanced legal structure. The financial system of South Africa is observed to be in a healthy position. South Africa is not only considered as a major developing economy, but is also as the gateway to other African markets. In the region, South Africa plays a vital part for energy generation, transportation, industrialization and hospitality services. Similar to any other industry, the hospitality industry has to face a significant impact due to the economic condition in any country. The economic conditions prevailing within an economy determines the trend of travel and thus the profitability of hospitality sector. Analysts predict that South Africa will remain economically attractive for tourism and hospitality sector. Even though there are some unemployment and electricity shortage issues in the country, its overall market attraction is satisfactory.

The Varied Value of Land Essay Example for Free

The Varied Value of Land Essay Land represents a quintessential issue between Native Americans and Europeans. This has been true since Columbus’ discovery and the era of Spanish exploration, invasion, and settlement. During the latter periods of Native American history we observe how English colonization and then the birth and growth of the United States affects the Indian Nations. During this period we mark how two divergent societies value land differently and the disparities resulting in conflict and Indian subjugation. The English Colonial Settlements initially viewed the land similarly as the aboriginal Indian inhabitants in a particular way. The land was the provider of sustenance to both. The early English Colonies sought refuge in the land, which was unlike the early Spanish whose North American invasions sought to pillage riches through lands traversed in the name of religious virtue. The original English Colonies had fled their own religious persecution and instead settle lands to build their society within its borders. The initial contention between Indians and the English Colonies grew from the fundamental differences in each civilization’s ideal of a settlement and territory. Whether an Indian Nations included permanent towns or not the Tribe’s Bands where predominately hunter-gatherers throughout its territory. Furthermore and unlike Europeans these Indian People shared cosmology that identified them as being one with the land. The European view of land was that of property and possession. As English Colonies and the later Americans further coveted Indian land to satisfy expansionism and economic enterprise we observe an unending encroachment on Indian resources. At first there was an aggressive unfettered Indian land grab and then ongoing assaults on natural resources residing on the ever-dwindling Indian lands. The stereotypes of American Indians as inferior beings with limited intellect, or bloodthirsty warriors, or lacking acceptable morals initially justified Colonial expansionism under pretense of ordained religiosity. Indian resistance to relentless encroachment was often confronted with rebellion and the question of sovereignty was debated. The establishment of the United States and the subsequent 1823 Supreme Court ruling of Johnson v.  McIntosh made clear the government accepted that early Europeans had rights to all Indian lands by having discovered the lands. Having previously defeated the British and securing American independence allowed the victor’s title be transferred to the United States. It is from this point that â€Å"Conquest by Law† guides the history of land possession between Native Americans and Americans. This conquest gained popular social acceptance by the mid 19th Century as American society adopted the political decree that it was Manifest Destiny to encompass the continent. The national conquest gained a legal endorsement to empower government separate Indian Nations from their land as assured in 1831 by the Supreme Court’s Cherokee Nation v. Georgia ruling that minimized Indian sovereignty to that of being a dominated people at best classified as dependents of their United States government guardian. In 1832 the Worcester v. Georgia ruling held that the aforementioned Cherokee treaties and the Trade and Intercourse Acts passed since 1790 did recognize Indian Nations as political entities with authority within its borders. It now excluded States from having any jurisdictional power over Indian Nations. Though this ruling established Indians as autonomous from States it put in motion what would later become Congressional plenary power and it marks the beginning of federally exercised relocation to feed American land hunger and later efforts to manage â€Å"the Indian problem†. The vastly different views regarding land combined with systematic efforts to dismantle Indian culture and pushed towards Indian eradication. Second to the impact of European introduced disease it would be habitat destruction and alteration to natural Indian environments that battled Indian Nations and drove them close to extinction. More so than overuse of natural resources it was the onset of the land being fenced and parceled which relegated Indian Nations to immobile and economically poor and spiritually bankrupt people faced with generational social disintegration. The series of governmental polices both purposefully and seemingly inadvertently legalized this conquest. Some of the most damaging and consequential actions include the movement to reservations through the late 1800s. The reservation policy reversal known as the Allotment Act of 1887 pushed to assimilate Indians using land as the vehicle by requiring such parcels provide for the Indians as it did homesteaders without any regard to the traditional Indian land relationship. From the Indian Reorganization Act of 1934 through the Termination policy and Relocation programs of the mid 20th Century the importance of Indian land affinity was never validated and to do so would have required literal enforcement and complete adherence to treaties. The current era of Tribal Self-Determination beginning when the Indian Civil Rights Act enacted in 1968 does acknowledge Euro-American infringement on Indian lands. Government interventions and enforcement, whether or not serving in the best interest of sovereign Indian Nations, has not sought to return these Indian Nations to a state of a being a harmonious civilization that can be described as a confederacy of tribes, bands, and familial clans pursuing their life cycle throughout a vast ecosystem. The Euro-American value of property and possession has prevailed.

Nonsurgical Endodontic Management Case Study

Nonsurgical Endodontic Management Case Study Introduction The main aim of any endodontic treatment is to thoroughly debride and disinfect the root canal system followed by the contouring of root canal walls and apical tip, for the purpose of sealing the root canal completely with a condensed, inert filling material. Failure to acknowledge the presence of an additional root canal during an endodontic treatment is amongst the major causes of an endodontic treatment failure. Other causes include inappropriate canal instrumentation, incomplete obturation and untreated major canals. An important key to success of any root canal treatment is proper understanding of the anatomy of root canal system this can be achieved by knowledge of the morphology of the root and root canal systems of teeth and diagnostic imaging techniques are required for successful root canal treatment, especially in mandibular premolar teeth (England et al. 1991). In-depth knowledge about the occurrence of atypical external and internal root canal morphologies contributes to the success of root canal treatment. It has been indicated by slowey that due to the variations in the root canal anatomy of mandibular premolars, they have a high flare up and failure rate and are hence the most difficult teeth to treat. Both the mandibular first and second premolars most often have a single root and a single canal, however, anomalies of the root and root canal systems as well as multiple canals have been reported in the literature (Baisden et al. 1992, Robinson et al. 2002).4 Zillich and Dowson have, in a definitive anatomical study, unveiled the occurrence of three canals in mandibular second premolars to be 0.4%.5 The mandibular first premolars show a large variation in the occurrence of number of root canals and apical foramina. Data from anatomical studies report that three rooted mandibular first premolars are rare, about 0.2%.6 This case report presents a case of a successful nonsurgical endodontic management of a mandibular first premolar with three separate roots using Cone Beam Computed Tomography (CBCT). Case Report A twenty four year old female patient of Indian origin, with the chief complaint of intermittent pain along with food lodgement in the lower left back region of jaw since 3 months, was referred to the Post Graduate Department of Conservative Dentistry and Endodontics. Patient also complained of bleeding from gums while brushing since eight months. Medical and dental history was non-contributory. On clinical examination, patients oral hygiene was found to be moderate. Deep occlusal carious lesion was seen with respect to tooth # 34 and 35 and both the teeth were found to be tender on percussion, with no associated periodontal pockets. Neither the affected nor the contralateral side of the crown of the mandibular first premolar showed any unusual anatomy in terms of number of cusps and dimensions. A lingering response was seen on heat testing and electric pulp testing. No evidence of swelling or sinus tract was seen. Intra oral periapical radiographic evaluation of the involved tooth revealed normal mandibular first premolar root anatomy. There was widening of the periodontal ligament space with periapical radiolucency around the root of tooth #34. A diagnosis of irreversible pulpitis was made based on clinical and radiographic evidences. After the administration of local anesthesia (2% Lidocaine with1:80,000 adrenaline), access was gained to the pulp chamber under isolation and conventional access opening was done to locate the canal. Tactile examination of the walls of the major canals was done with a small precurved pathfinder file, while locating the canal, which was proceeded slowly down each wall of the major canal, probing for a catch. A slight catch may indicate the orifice of an additional canal, especially in case of the buccal and lingual walls, because these are not generally visible on the radiograph. . On thorough inspection of the pulp chamber floor, three separate root canal orifices were detected (one mesiobuccal, one mesiolingual, and one distal). With the help of a pathfinder file, access cavity was temporarily sealed with Cavit, and to confirm the root morphology, the patient was referred to an oral and maxillofacial radiologist for a cone-beam computed tomography. CBCT of the mandible was performe d using the CS 3D imaging, after obtaining an informed consent of the patient. A three-dimensional image of the mandible was obtained. The involved tooth was focused, and the morphology was obtained in transverse, axial, and sagittal sections with a thickness of 0.48 mm, along with three-dimensional reconstructed images. The axial image obtained from CBCT confirmed the presence of three roots in mandibular first pre molar # 34. The roots were found to be mesiobuccal, mesiolingual and distal . After re-isolating the tooth, coronal flaring of all the three canals was carried out using Gates Glidden drills and working length was determined using an apex locator, which was later confirmed by a radiograph. The canals were cleaned and shaped up to ISO #35 masterapical file under copious irrigation with 2.5% sodium hypochlorite and 17% EDTA. The root canals were dried with sterile paper points, followed by temporary sealing of the access cavity with Cavit (3M ESPE AG, Seefeld, Germany). The patient was re-scheduled a week after for follow up. The tooth was found to be completely asymptomatic after a week, and the roots canals were obturated by cold lateral compaction of gutta-percha using AH26 sealer (Kemdent; Associated Dental Products Ltd, Wiltshire, UK). A postoperative radiograph was taken (Figure 3B), and the access cavity was permanently restored using universal amalgam restorative material. Discussion Diagnosis and management of extra roots and root canals in mandibular premolars is one of the major challenges in endodontics. 8-18 Therefore, the clinician must have an appropriate knowledge about the normal root canal anatomy and the most common variations associated. Inability to find, debride and obturate a root canal has been reported to be a major reason for failures in endodontic treatment. 19Based on race, only one study by Trope et al. has showed an increased prevalence of two or more canals in mandibular first premolar in African American patients as compared to Caucasian American patients .20 The failure rate in mandibular first premolar was shown to be 11.45% according to the Washington study. 21This might be due to the extreme variations in the root canal morphology of the mandibular premolar teeth and therefore poses an endodontic challenge to the clinician. Considering the high prevalence of aberrations in these teeth, an endodontist must suspect the presence of one or more missed canals, when a patient returns with persistent post-operative pain or sensitivity to hot and cold. Judicious use of high-end diagnostic aids should also be considered in such cases. Radiographs obtain two-dimensional images of three dimensional objects, resulting in superimposition of the images. Therefore, they are of limited use in complex root canal anatomy cases. Interpretation based on a two-dimensional radiograph may circumspect the clinician of the presence of aberrant root canal anatomy but cannot completely show the morphological structure of the root canals and their interrelations .22 Based on the results of previous studies carried out by Kottoor et al., and La et al. wherein spiral CT was used for the confirmatory diagnosis of morphological aberrations in the root canal anatomy, CBCT of the involved tooth was planned in the present case .23-25 The 3D CBCT images in this study revealed three roots (mesiobuccal, mesiolingual and distal ), with three distinct canals, each canal having a separate apical orifice as compared to the two dimensional radiograph which showed only one root, just like the anatomy of a typical single-rooted mandibular first premolar, that led to a false diagnosis and treatment plan. This is probably why the mandibular first premolar is known as an enigma to the endodontist. However, the high cost and inaccessibility to the patient as well as the extra radiations as compared to the standard radiographic methods makes its routine use limited.We can therefore conclude that a thorough knowledge of the root canal anatomy and its variations, careful interpretation of the radiographs, close clinical examination of the floor of the chamber and proper techniques of access opening along with adequate magnification are essential for successful treatment outcome. Conclusion The mandibular premolar teeth can present with extremely complex root and root canal system morphology, and if not considered during treatment can lead to difficulties when performing root canal treatment. The use of 3D CBCT is a valuable tool in studying the variations that may occur in root canal anatomy.