Little Prince Reaction Paper

Little Prince Reaction Paper Little Prince Reaction Paper Little Prince Reaction Paper: The Process of Writing Have got a task to compose a response paper on the Little Prince however don't have the foggiest idea what in the first place? Perusing of this article will assist you with putting your musings together! All in all, how would you be able to compose a decent little sovereign response paper? Lets split your work into 3 principle steps: getting ready, composing and checking. There is no uncertainty that the primary stage in the groundwork for composing of the little sovereign response paper is perusing of this awesome childrens story regardless of whether you have just understood it. To compose a response paper on a book you ought not just have the general thought regarding this book (know the characters, the plot and the completion) yet in addition make its profound investigation. To do that you should contemplate the book completely. After you have perused the story attempt to break down it: characterize the principle thought (what Antoine de Saint-Exupry needed to state by composing this story), portray the primary characters (the Narrator, the Little Prince, the Fox, the Rose, the Snake, the King and others). Keep in mind: before composing your paper you should make a postulation proclamation. It will be the primary concern that your paper will demonstrate. Characterize what precisely has contacted you a large portion of all: the issue of youth and pre-adulthood or the possibility of the security of the world we live in, for instance. For this situation you will have a ton of musings to write in your little sovereign response paper.When composing your little ruler response paper you should keep all the composing necessities. Remember that your paper ought to contain such parts as the presentation, the principle body and the end. Altering is a significant procedure. Re-read your little sovereign response paper altogether a few times so as to distinguish and address all linguistic, accentuation or grammatical missteps. When getting down to your little sovereign response paper, focus on the accompanying points:Never defer your composition for the most recent day. Albeit a response paper is certifiably not an enormous work it might assume a noteworthy job in your examination. Like any scholarly paper a response paper ought to be all around organized. Give your consideration that all the passages of your little ruler response paper ought to be interrelated and demonstrate a similar thought the paper postulation proclamation. Every one of your contemplations ought to be clear and understandable.So, this data will assist you with writing your little sovereign response paper. Anyway, on the off chance that you face any troubles, don't stop for a second to get in touch with us! We are consistently prepared to help you in your examination!

THE BUTTERFLY EFFECT Essay -- essays research papers

â€Å"Butterfly Effect† was maybe perhaps the best film I have ever observed. I thought that it was secretive, intriguing and captivating. I needed to compose my response paper about â€Å"Butterfly Effect† due to the closeness to the film we found in class called â€Å"Donnie Darko†. The two movies explore the issue of fate altogether. Both film had a male character that has recollections, dreams or power outages which make them from the start befuddled. In any case, later on, they understood the force they have so as to change their predetermination. The primary distinction between those two movies is their endings. While Donnie Darko has a terrible closure, Butterfly impact closes increasingly hopeful. We can say the finish of the film in â€Å"butterfly effect† is left to the crowd to decipher. Additionally Donnie Darko had the opportunity travel once however the fundamental character Evan had the opportunity travel a few times. The two movies intrigue d me much and changed my view about fate. Yet, the explanation I expound on ‘’ Butterfly Effect† is that it was more reasonable than â€Å"Donnie Darko†. (Bunny) While watching the film my tension level was consistently at the top. A few focuses were kept mysterious and opposing till the finish of the film. At the principal scenes in Film, it is somewhat difficult to comprehend what's going on, however later on, the story can be see without any problem. Toward the starting we know only that the primary character Evan is living with his mother and has an awful adolescence with loaded with missing recollections and power outages. He begun to get mental treatment right a... THE BUTTERFLY EFFECT Essay - papers investigate papers â€Å"Butterfly Effect† was maybe perhaps the best film I have ever observed. I thought that it was secretive, intriguing and entrancing. I needed to compose my response paper about â€Å"Butterfly Effect† in light of the closeness to the film we found in class called â€Å"Donnie Darko†. The two movies examine the issue of predetermination altogether. Both film had a male character that has recollections, dreams or power outages which make them from the outset befuddled. Be that as it may, later on, they understood the force they have so as to change their predetermination. The principle distinction between those two movies is their endings. While Donnie Darko has a terrible consummation, Butterfly impact closes progressively hopeful. We can say the finish of the film in â€Å"butterfly effect† is left to the crowd to decipher. Additionally Donnie Darko had the opportunity travel once yet the principle character Evan had the opportunity travel a few times . The two movies dazzled me much and changed my view about predetermination. However, the explanation I expound on ‘’ Butterfly Effect† is that it was more reasonable than â€Å"Donnie Darko†. (Bunny) While watching the film my tension level was consistently at the top. A few focuses were kept magical and opposing till the finish of the film. At the principal scenes in Film, it is somewhat difficult to comprehend what's going on, however later on, the story can be see without any problem. Toward the starting we know only that the fundamental character Evan is living with his mother and has an awful youth with brimming with missing recollections and power outages. He begun to get mental treatment right a...

Teens in Treatment Report Marijuana Withdrawal Symptoms

Teens in Treatment Report Marijuana Withdrawal Symptoms Addiction Drug Use Marijuana Print Teens in Treatment Report Marijuana Withdrawal Symptoms By Buddy T facebook twitter Buddy T is an anonymous writer and founding member of the Online Al-Anon Outreach Committee with decades of experience writing about alcoholism. Learn about our editorial policy Buddy T Updated on September 29, 2019 Tomas Rodriguez / Getty Images More in Addiction Drug Use Marijuana Cocaine Heroin Meth Ecstasy/MDMA Hallucinogens Opioids Prescription Medications Alcohol Use Addictive Behaviors Nicotine Use Coping and Recovery Teens that use marijuana frequently may face the same withdrawal symptoms that have been found to challenge adult marijuana users trying to quit. If they smoke frequently enough those withdrawal symptoms can be similar to the symptoms people experience when they quit smoking cigarettes. Nearly 50 percent of U.S. teenagers try marijuana before they graduate high school, and by 12th grade, about 21 percent are regular users. Consequently, treatment for marijuana dependence is on the rise, but, researchers have discovered, theres a catchâ€"withdrawal symptoms, much like those experienced by people quitting cigarettes, cocaine or other drugs, may make abstinence more difficult to achieve. Most Experience 4 or More Withdrawal Symptoms Ryan Vandrey and Alan Budney of the University of Vermont studied 72 adolescent marijuana users seeking outpatient treatment for substance abuse. Participants in the study were heavy marijuana users ages 14 to 19, who were primarily male Caucasians, and who completed study questionnaires. Nearly two-thirds of the participants reported experiencing four or more symptoms of marijuana withdrawal, including anxiety, aggression, and irritability. More than one-third of participants reported four or more symptoms that occurred at a moderate or greater severity level. Anxiety, Aggression, and Irritability In the adolescents who provided information, we observed a lot of variability regarding the presence and severity of withdrawal symptoms, which is consistent with what we have seen in several studies of adults who use marijuana frequently, said Vandrey. Overall, our research indicates that the majority of people who abruptly stop daily or near-daily marijuana use experience some withdrawal symptoms Though there is anecdotal evidence that withdrawal makes it more difficult to quit using marijuana and that people use marijuana to suppress withdrawal effects, we still need to more carefully investigate how withdrawal impacts the quitting process, Vandrey said. Withdrawal Compares to Tobacco Withdrawl In later research, Vandrey and colleagues in a Johns Hopkins University School of Medicine studied the intensity of marijuana withdrawal. For heavy marijuana smokersâ€"those who smoke 25 days or more per monthâ€"withdrawal symptoms when they try to quit smoking can be similar to those experienced by people who quit smoking cigarettes, the researchers found. Marijuana smokers who quit report irritability, anger and trouble sleeping, just as tobacco smokers report when they quit. Related to Heavy Marijana Use These results indicate that some marijuana users experience withdrawal effects when they try to quit and that these effects should be considered by clinicians treating people with problems related to heavy marijuana use, Vandrey said. Since tobacco withdrawal symptoms are well documented and included in the DSM-IV and the IDC-10, we can infer from the results of this comparison that marijuana withdrawal is also clinically significant and should be included in these reference materials and considered as a target for improving treatment outcomes, said Vandrey. Clinically Significant Withdrawal Symptoms For the Johns Hopkins study, Vandrey selected six men and six women who were heavy marijuana and cigarette smokers. During the first week of the study, they maintained their normal use of cigarettes and marijuana. During the next five weeks, they were randomly chosen to refrain from using either cigarettes, marijuana or both for five-day periods separated by nine-day periods of normal use. In order to confirm abstinence, they were given daily urine toxicology tests for tobacco and marijuana metabolites. Using a withdrawal symptom checklist, each day participants self-reported aggression, anger, appetite change, depressed mood, irritability, anxiety/nervousness, restlessness, sleep difficulty, strange dreams and other, less common withdrawal symptoms. Similar Frequency and Intensity The study reported the following results: Withdrawal severity associated with marijuana alone and tobacco alone was of similar frequency and intensity.Sleep disturbance seemed to be more pronounced during marijuana abstinence.General mood effects (anxiety, anger) seemed to be greater during tobacco abstinence.Six participants reported that quitting both marijuana and tobacco at the same time was more difficult than quitting either drug alone, whereas the remaining six found that it was easier to quit marijuana or cigarettes individually than it was to abstain from the two substances simultaneously. Given the general consensus among clinicians that it is harder to quit more than one substance at the same time, these results suggest the need for more research on treatment planning for people who concurrently use more than one drug on a regular basis, Vandrey said.

Rhetorical Analysis Of Taylor Swift - 1141 Words

Taylor Swift Taylor Swift really knows how to have hidden messages and secrets throughout her lyrics and music videos. Taylor Swift also likes to trash talk other celebrities including Kim Kardashian and Katy Perry. Which gives a viewer a good chance to critic her lyrics and videos. In Taylor Swift’s music video, the very first 20 seconds, she was â€Å"reborn† this relates to how she hadn’t made any music for a couple years. Again, in the beginning of this music video she starts by climbing out of a grave in a graveyard which is her being reborn or climbing bakc out from the dead. This could also be saying that she was â€Å"reborn† as a person, just like on New Years when people say ‘new year, new me.’ Additionally, Taylor references a lot to her†¦show more content†¦Additionally, Taylor references to her reputation a bunch in the music video. Ironically, her new album, including ‘â€Å"Look What You Made Me Do† and â€Å"Ready For It† will be called reputation. On the other hand, she also mentions her reputation throughout the music video whether on her shirt on or a cut up airplane. Showing how badly she is trying to change her reputation, whether for better or for worse, no one is quite s ure yet. Along with Taylor Swift saying this will be a new her, she is also referencing multiple other celebrities throughout the music video. Some say that when she is lying in a bathtub full of diamond jewelry she is making fun of Kim Kardashian and Kanye West when they had been robbed. Kim and Kanye were robbed in Paris while being at gunpoint. She also referenced Katy Perry multiple times. Including, when she crashed her car into a light post and had the exact same hair and an outfit style as Katy Perry would have. Which is Taylor is making fun of Katy saying that she is a drama queen and needs the attention of the paparazzi. She also references Katy by showing her walking a cheetah on a leash and Katy Perry is known for cheetah print and exotic things. Another person Taylor shows reference to be Tom Hiddleston with the black crop top t-shirts saying â€Å"I Love Taylor Swift† which is significant because Tom and Taylor dated for about three months, but Taylor broke it of f because Tom wanted to go public and Taylor knew whatShow MoreRelatedTheories of Organizational Behavior10512 Words   |  43 Pagesmethods, and levels of analysis. Some of the major ways of division are into modern, symbolic, and postmodern or micro organizational behavior—which refers to individual and group dynamics in an organizational setting and macro strategic management and organizational theory which studies whole organizations and industries. 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Analysis Of David Horseys s Todays Economic Indicator

For my Rhetorical Analysis I chose David Horseys political cartoon â€Å"Todays Economic Indicator† published by the Seattle Post-Intelligencer on June 4, 2014. Horseys cartoon is controversial yet on point at the same time and that’s one of the main reasons why I chose it. If a picture speaks a thousand words than a political cartoon speaks a million words because this topic can go on forever. Horseys cartoon depicts the engagement of two girls at a fast food restaurant called â€Å"Fatso Burger†. The girl working at Fatso burger recognizes that the customer she is about to serve is an old friend from college. As the girls engage in some conversation you find out that the last time they met was in high school. You also find out that the customer just got her degree so we can assume that they last saw each other 4 years ago. While the worker complains about her â€Å"loser job† and boasts about the customers new â€Å"college degree† she asks if she can give the customer free fries with her burger. Shockingly, in the last box of the cartoon, you see a sign saying â€Å"Now Hiring† and the customer says, â€Å"Actually, I’m here for a job interview†. Horseys political cartoon strikes a low blow into one of the most controversial issues of the 21st century; is going to college worth the time and the money? As a freshman at Florida International University, Horseys political cartoon caught my eye because it is relatable. Graduating High School I knew a lot of people who thought college was not worth the

Economics and Public Policy University of Brunei Darussalam Negara Free Essays

string(62) " and the information are also parts of an information system\." Faculty of Business, Economics and Public Policy University of Brunei Darussalam Negara Brunei Darussalam Semester II (2011/2012) Module Title: Management Information System (BB5107) Coursework: How can IS/IT help my Organization? A coursework submitted in partial fulfillment of the requirements for the degree of Masters of Business Administration (MBA) Name| Hj Mohd Shril Hj Matsawali| Registration No. | 11M0030| Programme| Master of Business Administration| Lecturer| Dr Hj Mohammad Nabil Almunawarah| Deadline| 15th April 2012| ————————————————- Abstract This research approaches the issues on role of Information System and how it help organizations, with the aim of finding some conditions that make the organizational context able to manage the change process needed to really get the potential benefits of these technologies. This paper will further explain the process, types, benefits and how to ensure effective implementation of information system. We will write a custom essay sample on Economics and Public Policy University of Brunei Darussalam Negara or any similar topic only for you Order Now Introduction In any business organization, data is the most important thing. Different type of information is produced from data. When the amount of data is large, it becomes more difficult to process this data manually. In order to get quick results and timely information, an Information System is used in almost all organizations. Information Systems (IS) development raises many important challenges to organizations. Nowadays, depending on the type of organization, to some extent business processes are supported by some kind of IS. It is not unusual to have in some organizations information and procedures islands lacking from a desirable integrated access to information. Managers are increasingly recognizing the competitive and strategic value of information systems. It has been considered that information is the most valuable assets in any organization apart from its personnel, financial capital, plant and equipment because it describes these physical resources and the environment in which they exist. Owning and upgrading their information system is now not an option in this technology-driven era; it is a requirement because organization that use an up-to-date information system to gather, assimilate, and evaluate internal as well as external information are gaining competitive advantage over other firms. What is an organisation? Organization is a social  unit  of people, systematically  structured and managed to meet a  need  or to pursue collective  goals on a  continuing  basis (http://www. businessdictionary. com). An organization is a stable, formal social structure that takes resources from the environment and processes them to produce outputs. (http://phaariz. files. wordpress. com/2010/03/laudon-feature-3. pdf) They are also bureaucracies with clear-cut divisions of labor and specialization and arrange these specialists in a hierarchical manner in which everyone is accountable to someone and authority is limited to specific actions governed by abstract rules or procedures that must abide by laws. The organization is devoted to the principle of efficiency: maximizing output using limited inputs. Other features of organizations include business processes, organizational culture, organizational politics, surrounding environments, structure, goals, constituencies, and leadership styles. Organization is also considered to be an information entity (Lucas H. R. Jr (1994). This means that organization collect and assemble data from number of sources. Data is considered by scholar to be streams of raw facts representing events occurring in organizations or the physical environment before they have been organized and arranged into a form people can understand and use which is usually called information. Information is data that have been shaped into a form that is meaningful and useful to humans. The information however was viewed as an unfortunate, costly by product of doing business – simply â€Å"red-tape† (Laudon K. C, Laudon J. P. 1995). Thus, all of these features surrounding the organization must be acquired and analyzed and this affects the kinds of information systems used by organizations. How organization work traditionally before IS It is important to first understand how organization operates traditionally way before information system is introduced before it can show and compare how information system improve and help organisation. Under the old paradigm, the firm was governed by a relatively rigid functional structure inhibits cross-functional information flows. One of the other key problems identified in conventional organisation is working in silos. Silos are organisational units where there is a breakdown in communication, co-operation and co-ordination with both internal and external parties. In a paper quoting a 2003 Survey on Leadership Challenges by the American Management Association, Florence Stone notes that: â€Å"†¦.. getting people who have different agendas to work together is amongst the biggest obstacles facing business today† (Stone, 2004, p 11 cited at Fenwick et al p. ). In a recent paper Conrad Guelke notes that â€Å"†¦. organisational parochialism is characterised by a lack of co-operation between [and within] agencies. In a corporate environment where decision-making is being increasingly â€Å"unbundled†, and business unit fiscal performance is the priority, the values of teamwork and co-operation are often neglected† (Guelke, 2005, p 749 cited at Fenwick et al 2009 p. 3). Most organisat ions and organisational units will have some silo characteristics at any given time. But silos become problematic when they are develop to a point that good performance suffers. The challenge is to indentify silos that are problematic or that threaten to become so, and to identify and take remedial steps. One of the ways to overcome this problem is by the setting up an information system in the organisation. What is Information System? An information system is a set of organized procedures that, when executed, provides information to support the organization (Lucas H. C. Jr 1994). According to Laudon K. C. et al. 1995), an information system is a set of interrelated components that sense, communicate, analyze, and display information for the purpose of enhancing perception, understanding, control and creative ability. Alter S. (1991) however argued that information system is a combination of work practices, information, people, and information technologies organized to accomplish goals in an organization. Information systems (IS) are sets of components that are organ ized in a way that supports the execution of some function(s) (The Institute of Electrical and Electronics Engineering IEEE, 1990 cited at Obeng S. 010). Nickerson (2000) does not limit the components to being only technical – such as computers and code – but sees that the people, the processes, and the information are also parts of an information system. You read "Economics and Public Policy University of Brunei Darussalam Negara" in category "Essay examples" Therefore it can be said that an information system is a system that provides management and other personnel within an organization with up-to-date information regarding the organization’s performance; for example, current inventory and sales. Thus, it is important to understand the relationship or role of information ystem in any organization and how it would directly help them. An IS system isn’t just a collection of hardware and software, it’s much more than that, it’s a tool. This tool can be used in a number of ways, and the value of it really depends on how a business opts to utilize it (Goessl L. 2008). Information systems are rarely innovative or ‘out of the box’ business solutions. However manager will not be able to design new systems successfully or understand existing systems without understanding your own business organization. Relationship of Information System with Organization All businesses share one common asset, regardless of the type of business. It does not matter if they manufacture goods or provide services. It is a vital part of any business entity, whether a sole proprietorship or a multinational corporation. That common asset is information. The amount of information in organizations is heavily increasing and it has become vitally important to efficiently manage and share information inside the organization (Anna, 2009 cited at Obeng S. 2010). Information enables us to determine the need to create new products and services. Information tells us to move into new markets or to withdraw from other markets. Without information, the goods do not get made, the orders are not placed, the materials are not procured, the shipments are not delivered, the customers are not billed, and the business cannot survive. Information is considered to be the lifeblood of any organization (http://wiki. answers. com). It has far lesser impact when presented only as raw data. On the other hand damaged or lost data due to unorganized can cause disruptions in normal business activities leading to financial losses, law suits, etc. Companies have to be shifted in adopting new technology in order to remain competitive in a continuously developing business environment. This is where information systems (IS) come into play. In other words in order to maximize the value of information, it must be captured, analyzed, quantified, compiled, manipulated, made accessible, and shared through an information system (IS). It must be designed, developed, administered, and maintained which suits organizational needs and requirement. Information systems are organizational subsystems that perform ork related to information (Lucas H. C. Jr (1994) p. 52) Companies and other organizations are investing great sums in introducing information systems in the organization hoping to be able to make business more efficient and information sharing smoothly (Anna, 2009 cited at Obeng S. 2010). A sophisticated computer information system enables companies to monitor employees, to keep managers and employees informed, to coordinate activitie s among divisions, or even to sell their products to customers via the internet. Moreover, in the era of information technology like this, information has become valuable organizational asset just like human resources and inventories. Furthermore, a good information system can facilitate direct communication between firm and suppliers, manufacturers, dealers, and marketers. Together, they can create a value chain as though they were in one organization (Axos 2008). Information systems, which comprise hardware, software, data, applications, communication and people, help an organization to better manage and secure its critical corporate, customer and employee data. Information systems also improve integration and work processes and organization can gain continuous benefits. An information system can be a mainframe, mid-range or network computer concept that allows distributed processing for a group of users accessing the same software application. These systems provide management with control over their data, with various tools to extract data or view data structures and records. The role of an information system is to foster a data management environment that is robust and can be expanded according to an organizations’ strategic plan for information processing. An information system also satisfies diverse information needs in an organization Roles of Information System in an Organization One reason information system plays such an important role in organization and affect so many people is the soaring power and the decline on cost of computer technology. Organization nowadays can use powerful communication networks to access different locations around the world and coordinate activities across time and space. These networks are transforming the shape and the form of business enterprises. This report will not look into detail on the network used, instead will be focusing on the role and the capability of information system which required the organization to redesign, transform structure, scope of operations, reporting and control mechanisms, work practices, work flows, products and services (Lo P. 2005) Information system can flatten organizations which mean it can reduce number of employees and management levels. In other words, organization can reshape and retrench employee who is in redundancy and no longer need some of the positions. Thus, it reduces the number of levels in an organization by providing managers with information to supervise larger numbers of workers and by giving lower-level employees more decision-making authority. Team members can collaborate closely even from distance locations which means that the management span of control also been broadened. This means managers can manage and control more workers spread over greater distances. Through information system it is now possible to separate work from location and they can organize globally while working locally by the usage of e-mail, internet, and video conferencing. According to Laudon K. C. ; Laudon J. P. 2000, it can link people, assets and ideas to create and distribute products and services without being limited to traditional organizational boundaries or physical location and hence enabling different companies to join together to provide goods and services without physical linkage. It can also help to reorganize work flows and processes and have been progressively replacing manual work procedures with automated work procedures. It allows organization to cut costs significantly through displacing paper and manual routine as well as improving customer service. Redesigned workflows can also facilitate organization efficiency and can enable new organizational structures, products and services. Information system can increase flexibility to both small and large organizations by increasing their ability to respond to changes in the marketplace and to take advantage of new opportunities. It enables transactions such as payments and purchase orders to be exchanges electronically among different companies, thereby reducing the cost of obtaining products and services from outside the firm. Organization can share business data, catalogues or mail messages through such systems. It can create new relationships between organization, its customers and suppliers because information system automates the flow of information across organizational boundaries (Laudon K. C. ; Laudon J. P. (2000). Information System concepts Laudon K. C. ; Laudon J. P. (1995) p. 6 stated three common activities in an information system produce the information organizations need for making decisions, controlling operations, analyzing problems and creating new products or services. Input is the raw data from the world around us (Laudon K. C. et al (1995) p. 2). In other word input captures or collects raw data from within the organization or from its external environment. For example, Customers information, organization’s products and services, internal operations, competitors and all the external data on the economy, markets etc. Processing entails converting this raw data into a useful form which means that computers are used to store data and then manipulate, rearrange, and an alyze this data according to a set of instructions called a program or software. The result of processing on the other hand is called output. Output entails displaying information to users which means that it transfers the processed information to the people or activities where it will be used. For example, many organizations would want their information to be disseminated and shared to the external parties which include the public, stockholders, government and etc. Types of Information Systems in organization Information systems must be sufficiently flexible to meet the needs of users at different levels in an organization. Facilitating the input, processing and output as mentioned earlier requires the use of several different types of information system. Thus, there are different types of information system used in organization. These include transaction processing systems, management information systems, decision support systems and executive information systems. Transaction Processing Systems (TPS) – Transaction processing systems help production workers to process transactions. Transaction means an event surrounding the production, distribution, sale and transportation of goods and services (Laudon K. C. et al 1995), cash deposits, payroll, credit decisions and the flow of material in the factory (Laudon K. C. ; Laudon J. P. 1995). The powerful feature of TPS is their ability to record routine and well-structured processes (Rowley J. 1996). It also helps to record sales, inventory or financial data. For example if an item were sold, the transaction processing system would ensure that the sale was posted in the sales journal and later when the invoice is raised to the accounts receivable file and to the inventory records. Output would be a printed list of detailed monthly statements for customers or a screen display of the stock levels of items in stock. Management Information System (MIS) – Management information systems support managers in making decisions and to produce meaningful reports for managerial use (Rowley J. 1996). The purpose of this system is to help the business firm integrate new knowledge into the business and help organization control the flow of paperwork (Laudon K. C. ; Laudon J. P. 1995). MIS are suitable to use in decision making situations where the information requirements can be gathered and access in advance and the need for information occurs regularly. The highly structured information provided by these systems allows managers to evaluate an organization’s performance by comparing current with previous outputs http://www. chris-kimble. com/Courses/World_Med_MBA/Types-of-Information-System. html. An example might be the decision to change the price of a given product. In order to make such a decision it is useful to have data on production costs, existing profitability of the product, past sales of that and other products, and the effect that a previous price rise had on sales, as well as data concerning the prices of comparable products from competitors. Decision Support Systems (DSS) – Decision support systems help managers monitor, control, organize work, (Laudon K. C. et al 1995) decision making, and administrative activities (Laudon K. C. Laudon J. P. 1995). It is an information system that assists managers with unique, non-recurring strategic decisions that are relatively unstructured (Rowley J. 1996). According to Keen and Morton 1978, the systems support non-routine decision making (as cited in Laudon K. C. Laudon J. P. 1995, p. 13). A decision support system must be very flexible http://www. freetutes. com/systemanalysis/types-of-information-system. html It typically provides periodic reports rather than instant information on operations. It is therefore tend to support tactical and strategic decision making in situations where the risk associated with any error is high and a mistake can have serious consequences. These systems are often used to analyze existing structured information and allow managers to project the potential effects of their decisions into the future. An example is a relocation control system that reports on the total moving, house hunting, and home financing costs for employees in all company divisions, noting wherever actual costs exceed budgets. Executive Information Systems (EIS) – Executive information systems are designed to assist top-level executives in the acquisition and use of the information that is necessary to support them in their top management of the organization (Rowley J. 1996). In other words it helps them to tackle and address key strategic issues and long term need, both in the firm and in the external environment. Executive Information System are designed to be operated directly by executives without the need for intermediaries and easily tailored to the preferences of the individual using them http://www. chris-kimble. com/Courses/World_Med_MBA/Types-of-Information-System. html. EIS support them by providing them quick access to detail and investigation of a problem once the problem or opportunity has been identified. Output on the screen often uses a mixture of graphics and tables. Benefits of using Information Systems Organization practicing pervasive as information systems has a wide range of significant benefits. They often view these as assets and a means to gain a competitive lead in their respective industry. There are number of benefits that organization could gain are as stated below: Enhance jobs – Implementing Information Systems can make jobs more efficient in terms of releasing employees to do other important tasks. It is no longer for staff needed to spend valuable time sorting through statistics, data and other pertinent information because the system has ability to gather it for them. Information System provides a cost-effective way to conduct transactions, significantly cutting down the time involved in processing. Differentiation – Information System provides the ability to strategically define organization in a way that makes the business stand out from the competition. Information systems can be integrated in such a way where customers can be offered something no one else provides. With a unique design that makes your business appealing to do business with, you can easily increase your customer base. Decision Making – Information systems allow the vital element of providing â€Å"real-time† information. In today’s competitive environment, a manager needs to make rapid decisions and to do this effectively and they need the most up to date information available to assist them. Properly designing their IS to custom fit the needs will enable them to accomplish this. Communication – Information systems possess ways to effectively and efficiently share information. Automated communication is a time and resource saver and can add tremendous value to business. With the help of information system, communication can become cheaper, quicker, and more efficient. Organization can now communicate with anyone around the globe by simply text messaging them or sending them an email for an almost instantaneous response. The internet has also opened up face to face direct communication from different parts of the world thanks to the helps of video conferencing. Globalization  Ã¢â‚¬â€œ IS has not only brought the world closer together, but it has allowed the world’s economy to become a single interdependent system. This means that organization can not only share information quickly and efficiently, but they can also bring down barriers of linguistic and geographic boundaries. The world has developed into a global village due to the help of information system allowing countries from different continent who are not only separated by distance but also by language to shares ideas and information with each other. Increasing Revenues – IS used technology to generate revenue, for example by making information products available through computer systems (Lucas H. C. Jr 1994). There is an abundance of financial databases and services to which one can subscribe. It is possible to obtain hundreds of types of data about companies and their financial conditions. The Internet is the main source to advertise your products. Information system on the other hand has also helped to computerize the business process thus streamlining businesses to make them extremely cost effective money making machines. This in turn increases productivity which ultimately gives rise to profits that means better pay and less strenuous working conditions. Reducing Costs -One of the main benefits of implementing IS/IT in organizations has been cost savings. For instance, organization has automated clerical tasks to reduce costs. Insurance companies and banks on the other hand generate products that are really information; bills, notices, renewals, and so on represent output, products that must be printed and distributed to customers. These systems have resulted in elimination of existing positions, whereas others have reduced the number of additional employees needed in the future. Taking Ernst Young for example, the company has successfully reduced its office space by 2 million square feet by allowing their employees to work from home. http://www. bukisa. om/articles/20243_the-importance-of-information-system#ixzz1rMCWg2Uz Improving Quality – One reason to use IS/IT is to improve the quality of output: computer aided design is a good example. An engineer or draftsman uses a computer terminal to create engineering drawings. He or she stores the drawing on a computer file; it can be recalled later for easy modification. A system like this will also plot a drawing copy; changes are redrawn in minutes. T he system reduces much of the time of design work and has dramatically reduced the need for draftsman. Another example is through the usage of electronic data interchange (EDI) which connects firms to each other electronically. A typical application is order entry and acknowledgement. The use of EDI contributes to quality by reducing the opportunity for errors since data are entered only once. An information system offers a litany of benefits that help to make the process of managing information easier. Central access, easy back up, central distribution of information, easy record keeping, easy tax preparation, as well as easy customer trait identification http://www. blurtit. com/q8104822. html More and more people are working from their homes nowadays. Information technology has become so sophisticated it allows people to choose to work from home. Teleconferencing and video conferencing enable employees to beam in whenever needed How to ensure effective implementation of IS in organization When manager has decided to change processes along with software, they must create a phased in approach to their organizations changes in order to make the change successful. Usually the push towards a new software system is backed by a need to change business from the current way of doing things. Organization will become more efficient, to reduce paper usage, to provide better audit trail, to better market and care for a customer base and/or many other reasons. In order to implement change it is better to use conversion strategies in which to implement new system they cannot just simply forget the old system completely, it must done simultaneously so that change would become more effective. This is because if there is anything happen to the new system, the old system can still be easily retrieved. Changing too many things at once may overwhelm organization’s staff. In addition, unless it is a very large company with a dedicated project team, it is very likely that they will not have the resources to properly supervise and implement both new software and new process. It is essential to really understand the full functionality of the system until it is implemented and are utilizing it for a period of time. Manager in organization will make better process decisions after going through the nuts and bolts pieces of the conversion and can now focus on all the bells and whistles the software offers. Organization need to provide sufficient training. It also allows staff to brainstorm with one another as they are getting used to the software’s functionality. It is vital to follow up training after implementation of the system, even if it is only a brief overview. Doing so, will allow manager to realize the full benefits of their system. It will also give organization updated information on the system. It is vital to involve the right people in the organization. It is also important to identify a champion in each key area of the organization that can ensure the success of the implementation. The champions do not necessarily need to be management, or supervisors. In fact, a trusted peer that is dedicated to the project may be able to better connect to the staff on the level of their daily duties (as well as provide excellent feedback regarding implementation details during the project). No matter what approach is being used by organization, implementing new software can definitely be a busy and stressful. Using these tips will assist more or less assist organization to a successful implementation. Conclusion In conclusion, it is surprising facts that there are many more companies still do not use information system in their organization. Information system enables companies to react, respond, cater, store, retrieve, disseminate, and control their new valuable asset that is information. In the years to come, a good information system within a company will be no longer an option; it will become a compulsory in determining success and to gain competitive advantage. Implementing a new system typically comes with a large price tag, but if business requirements and processes are properly and accurately identified, the payoffs can be big. Investing in information systems keeps a business competitive and helps an organization carry the ability to maintain visible status in the global economy. Without IS, a business will more than likely fall rapidly behind. The benefits of integrating technology within an organization can truly be limitless depending on the level of creativity, strategic planning and innovation in the decision making processes. REFERENCES Alter S. 1991, Information Systems: A Management Perspective, Addison-Wesley Publishing Company Inc. Axos 2008, The Importance of Information System http://www. bukisa. om/articles/20243_the-importance-of-information-system Fenwick T. et al. 2009, Reducing the Impact of Organizational Silos in Resilience, Resilient Organisations Research Report – 2009/01. http://www. resorgs. org. nz/pubs/Silos. pdf Laudon K. C. Laudon J. P. 1995, Essentials of Management Information System, Prentice Hall Inc. ________________________ 2000, Management Information Systems, Pren tice Hall, New Jersey http://www. bonissen. de/ib/summaries/Business%20Informatics%20(2-3). PDF Laudon K. C. et al 1995, Information Technology: Concepts and Issues, Boyd Fraser Publishing Company. Lo. P 2005, The Information System Revolution http://www. peter-lo. com/Teaching/M7011/L01. pdf Lucas H. C. Jr 1994, Information Systems Concepts for Management, 5th Edition, Mitchell McGraw Hill Rowley J. 1996, The Basics of Information Systems, 2nd Edition, Library Association Publishing Obeng S. 2010 Information System and Its Importance in Organizations: Case Study of LA General Hospital http://www. modernghana. com/blogs/270543/31/information-system-and-its-importance-in-organizat. html Benefits of Information System accessed from: http://www. mallbusinessbible. org/advan_disadvan_informationtechnology. html http://www. helium. com/items/1703037-the-benefits-and-challenges-of-using-information-systems-in-business http://www. basicsofcomputer. com/is_information_system_development_process. htm Types of Information System accessed from: http://www. ehow. com/list_6117086_types-information-systems-business-organization. html http://www. basicsofcomputer. com/information_system_in_a n_organization. htm http://www. freetutes. com/systemanalysis/types-of-information-system. html http://www. ocstoc. com/docs/53534622/Types-of-Information-System http://www. docstoc. com/docs/94523820/Types-of-IS http://www. chris-kimble. com/Courses/World_Med_MBA/Types-of-Information-System. html What is Organization Accessed from: http://phaariz. files. wordpress. com/2010/03/laudon-feature-3. pdf http://www. helium. com/items/853154-maximizing-information-systems-to-gain-a-competitive-advantage http://www. businessdictionary. com/definition/organization. html#ixzz1qhG5iYu7 http://wiki. answers. com/Q/Why_do_organizations_need_information_systems How to cite Economics and Public Policy University of Brunei Darussalam Negara, Essay examples

Worst Laderhip Experience free essay sample

During my second year of working for SLC, I had the worst experience in my life. As per the plan, I had to go to Japan for training for two months. I had been waiting for that chance for exactly a year. I was very excited for that too. However, I had to find someone myself to substitute me during training time because our head officer was in oversea. But I did not want to lose that chance as that was one of the reasons that I came to this organization. It was not also impossible to hire new employee for this short term period. Fortunately, I had a friend who is very active, and eager to work as a volunteer at our organization. So, I asked him for help then he agreed me. Finally, I left for training to Japan. I learned new things a lot in my training and made many friends from international youths. We will write a custom essay sample on Worst Laderhip Experience or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I did not have any communication with SLC during my training because I believe my friend’s skill that she could do the job well. Two months later, I returned to my country and went to SLC. As soon as I saw our head officer, he suddenly seemed very stranger and got angry so I noticed that something happened at SLC. Coincidently, I went to him and greeted and said that nice to see you again. He replied nothing. What is wrong sir? I asked. Then, he told me everything that had happened during my trip. My friend was very addictive coffee. He cannot help drinking coffee 5 times in a day. One day, the workshop was held by Mr. Andrew from London at SLC. The students whoever attended that workshop were provided free lunch including soft drinks and coffee. After the workshop was done, everyone left but he stayed at the office until 5 pm, the office hour. He forgot that he left At the office, the things like coffee machine, small rice cookers and others are purposely provided to the employees. At lunch time, she wanted to drink coffee so she got the water boiled by the flash. And then, she forgot about that. Within 45 minutes, the fire broke out through the electricity immediately and burns all of the importance files and records of the office. Our officer got really angry and emailed me to return back immediately. As a result of the incident, we lost the most important datas, files and documents including the office computers. But our training still left exactly one month. But no choice, I returned to my country as per the emergency case. As a result, I was warned for future opportunity for us as I did not attend the training fully. But it was not the end, another incident happened again. The English teacher complained about the schedule and poor management and had a very big problem with Rose then, the teacher quit her job finally. As a result, we needed an emergency teacher again. If we could not get new teacher, some of the classes are to be stop for a while. The organization reputation went down too. The head officer said that things happened because of me. I had nothing more but say sorry. According to the policy, no one can substitute whether an emergency case or not.

Modern Communication essays

Modern Communication essays How have the modern communications technologies of the past century affected the culture of the United States? Its like a disease spreading all over the United States but not something that you would run from. This is a type of disease you want to get because its the future. Technology is everywhere and everything. Over the past century technology has affected the U.S. culture in many ways. With more time and money there was a greater need for information and entertainment. Many big events were taking place and Americans did not know what was going on. There were things happening and no one knew where to go. So this brought out the inventions of the newspapers, magazines, and motion pictures. Once these things hit the market they took off. Two events, in particular, that people were unaware of were WWI and WWII. Since many Americans wanted to know what was happening to their soldiers, the newspaper was a big hit. Johannes Gutenbergs invention of the printing press made it much easier for the newspaper to be printed. It was faster and more sufficient then any other type of news. It also gave the middle and lower classes a chance to know what was going on at a low cost. Since it was at a low cost millions of Americans bought the newspaper spreading news all across the states. So now you new events or happenings in other places other than around you. Magazines and motion pictures were a big hit as well. Both of these were more for entertainment. Although you could also get news from them, many people used them for fun. Now days, newspapers, magazines, and motion pictures are still hits. Millions of Americans still read the newspaper. I think that it has become more important now because of everything that is happening with the War In Iraq and this years election. Wherever you go and have to sit and wait (doctors, dentist, library, etc...) you will always find either a newsp...

Main Verbs and Simple Sentences

Main Verbs and Simple Sentences Main Verbs and Simple Sentences Main Verbs and Simple Sentences By Maeve Maddox Many grammatical concepts that U.S. students used to learn in school have slipped into a twilight of things vaguely understood but still sometimes wondered about. Among the most basic concepts that high school students once graduated knowing were the four kinds of English sentence: simple, compound, complex, and compound-complex. Because of its name, a simple sentence would seem to be the easiest to identify. Apparently not. A reader asked me about a sentence her child had been asked to identify as to kind: Harry bent down and picked them up one by one, dropping them back in the boxes. The reader thought the sentence might be complex because â€Å"‘dropping them back in the boxes’ is a dependent clause.† The sentence, however, is simple. To make this clear, a review of terms is called for. Clause: A clause is a group of words having a subject and a predicate. Predicate: The predicate is what is said about the subject. The predicate will contain a main verb. Main verb: A main verb shows tense. Such a verb is called a finite verb. Independent clause: An independent clause is made up of a subject and predicate that make sense standing alone as a sentence. Another name for an independent clause is main clause. That takes care of the terms; now for the analysis. Dropping is not a main verb. Dropping is the participle form of the verb to drop. A participle can be part of a main verb only if it is used with a helping verb indicating tense: The children were dropping rocks down a hole in the garden. (past continuous tense) The children are dropping rocks down a hole in the garden. (present continuous tense) In the sentence under discussion, dropping has no helping verb so it cannot be the main verb in a clause. It is nonfinite. That means it does not indicate past, present, or future time. In the sample sentence, dropping introduces a participial phrase: dropping them back in the boxes. The participial phrase is used adjectively to describe Harry. Another feature of the simple sentence that sometimes causes confusion is the fact that a sentence may have a compound subject and/or a compound verb and still be a simple sentence: Mary and Jack live in Rhode Island. (compound subject, single verb) My father and all my uncles hunt in the fall and fish in summer. (compound subject, compound verb) In our sample sentence, Harry is the subject; bent down and picked up is a compound verb that says something about Harry. Harry dropping them back in the boxes is the complete subject and bent down and picked them up one by one is the complete predicate. Note: As long as the subject performs every action in the sentence, the sentence is a simple sentence. If two subjects perform different actions, the sentence will be a compound sentence. For example, Susy dropped the boxes and Harry picked them up. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Grammar category, check our popular posts, or choose a related post below:12 Greek Words You Should Know20 Words Meaning "Being or Existing in the Past"Dozen: Singular or Plural?

The Christian Coalition of America Essay Example | Topics and Well Written Essays - 750 words

The Christian Coalition of America - Essay Example As such, we work together with Christians of all denominations, as well as with other Americans who agree with our mission and with our ideals. issues that need to be discussed, one in particular which is in regards to the way in which they use their power to affect the government, and this includes what they have been able to do in the past, such as organize elections, change policies, and more. By thoroughly addressing and examining these issues, we will be able to attain a much more informed and knowledgeable understanding on the subject matter at hand. This is what will be dissertated in the following. There are really many different ways in which the Christian Coalition has been able to use their power in order to affect the government, all in an incredibly positive manner. "The Christian Coalition (CC) has two central goals: to control the agenda of the Republican party by working from the grassroots up; and to train and elect pro-family, Christian candidates to public office. The group has had considerable success in both areas, and their impact in state and national elections can be detected through their work during primaries and ability to mobilize Christian conservative voters" (People for the American Way, 2007). They are an organize which does - and always has - strive to strengthen the government and make it more focused on family matters, which is respected not only by Christians, but by people as a whole around the world. The Coalition's strategy actually first attracted attention in the year 1990, when a coalition of right-wing groups led by the Christian Coalition he lped candidates in San Diego win 60 out of 90 races for a variety of offices, and this included such things as school and hospital boards, for instance. As well, the organization, which, through extremely wide dissemination of voter guides, has supported some political candidates and opposed many others and the organization itself was very influential during the 1990s, when it was under the leadership of executive director Ralph Reed. The Coalition uses many different methods in order to get its point across and in order to attempt to positively change the government, and this includes educating, lobbying, and disseminating information through courses, debate forums, lectures, issue voter guides, and scorecards for certain candidates on its issues of concern. The Christian Coalition "was founded on the belief that 'people of faith' have a right and a responsibility to effect social, cultural, and political change in their local communities. Its members denounced promiscuity and what they deemed as individualist, feminist, and judicial excesses, and preferred a larger role for independent groups instead of the federal government. Its goals included strengthening 'family values' by fighting abortions, pornography, homosexuality, bigotry, and religious persecution, and by endorsing prayer in public places such as schools" (Answers, 2007). Although there is much respect for this coalition, there has also been a lot of negativity which has surrounded it, particularly in more recent years, as there are many people who are openly frustrated about the organization. There are

Consuming Architecture Essay Example | Topics and Well Written Essays - 2500 words

Consuming Architecture - Essay Example Such property developers are less concerned about the beauty aspects of the building. Property developers need to ask themselves questions such as whether or not the building will improve its surroundings. After the building has been developed it should look great one to two decades later. A good building should also attract many people and be viewed as a landmark. Everyone should also yearn to purchase a good building or reside in it. City councils and property creators should understand that it is their sole responsibility to make sure that the city space is well utilized and managed (Gieryn, 2000). This does not only apply to residential buildings but public properties such as offices and restaurants as well. City councils and property developers should be perceived as organizations that appreciate and comprehend design. The aesthetic value of a building ought to be prioritized. It is pointless to build interiors that are extremely beautiful while the exterior looks ugly. The enti re building should reflect a unanimous tale. Most developers fail to think about the beautiful aspects of buildings such as garages or stores. There is no pain in adding graphics or color on buildings. Enhancing building does not cost as much as neglecting them. The uniqueness and beauty of a building will definitely attract customers. Many building have been created with minimum commitment of design and aesthetics. There are others that try to make a few things right but not all of them. A lot needs to be done and minimum has never been enough. Most consumers are extremely conscious about design especially in the modern times. Technological advancements have opened people’s eyes and revealed that there are a lot of possibilities out there. Individuals are browsing throughout the globe and they are taking part in the concept of design. Design is not limited to specific individuals or groups any more. It is not surprising to find out that even young children understand what de sign is all about. Children also value design in everything they purchase for instance clothes, cars and even where they live. Getting it right the very first time will surely save city councils and consumers a great deal. According to Brand, buildings have forever been wholly studied in space rather than time (1995). Architects are majorly concerned about the original goals of a building. These individuals are later surprised with the outcome at the end of the day. A building somehow adapts its own existence and responds to it. Brand examines that which makes a building attractive. This author analyzes the period between the dazzling experience of a freshly built property and it final collapse. Brand’s study revealed that all buildings are somehow forced to adapt though only a few become accustomed elegantly. Buildings are known to adapt well when they are frequently renovated by those who live or use them (Ballantyne, 2002). Architects also have the capability of transformi ng their perspective of space to time in building. Buildings have the ability of looking better with time but only if they are given the opportunity. Building should be conducted in support of time but not against it (Brand, 1995). There is a big gap that has been identified by analysts regarding the expected performance of a building and its real ability. Reports have indicated for instance that buildings consume between two to three times more energy when they are occupied yet these estimates are different from the ones that were made by the designers at their initial development phase. It is undeniable that buildings that are not well developed can really turn out costly in terms of bills and extreme gas production. Occupants in turn

Protestant Propaganda Essay -- Ireland Propaganda Essays

Protestant Propaganda What do you think of when you hear the name Ireland? Ireland is a relatively small island off the coast of Great Britain with a land area of 32,424 square miles (Delaney 2). There are several things that you may associate with this country such as St. Patrick’s Day, shamrocks, beer, and strife. The source of the bitterness behind this conflict began centuries ago, when Britain came over and forced Protestantism on the Irish Catholic inhabitants. For this reason there has always been an animosity between the Protestants and the Irish Catholics. The island is broken up into two distinct regions. The Republic of Ireland consists of twenty-six counties, which make up the southern region. This area is predominantly Roman Catholic. Northern Ireland is made up of the six northern counties, which are under British rule and predominately Protestant. Both sides use propaganda to spread their ideas and gain support. They each have organizations, such as the I.R.A., in the south, and the U.V.F., in the north, which use peaceful methods such as newspapers and murals along with violence to fight for their cause. In Northern Ireland the Protestants used their position in the government to spread anti-Catholic propaganda and persecute the Catholic citizens. One way the Unionists, supporters of British rule whose majority is Protestant in faith, used the church is to help spread their anti-Catholic propaganda. Some Protestant ministers such as the Reverend Ian Paisley used pulpit to express his opinion. Catholics. Once while preaching in Belfast, the capital of Northern Ireland, Reverend Paisley â€Å"calls down contumely on ... ... deadly. I do not think that the peaceful methods such as the use of newspapers, poetry, and film are as bad because they are nonviolent and do not physically harm anyone. However, I do not agree with the use of violence, such as, that on Bloody Sunday, nor do I agree with the use of the Lord’s house to teach hate and discrimination. It is not right to use the church for this purpose. One should not teach hate under the guise of God. It is also wrong to pass laws in order to persecute a minority. I can understand the reasons they did this, to gain and keep control, however that doesn’t make it right. The Protestants and Unionists were not the only ones who used these methods of propaganda; the Catholics and Nationalists did as well. Some of these methods have been used since the beginning of the conflict and will most likely continue for generations to come.

Is the Expansion of Tesco’s going to affect the local businesses?

I have chosen to study the expansion of Tesco's for a number of different reasons. The main reason is that I think that the expansion is going to completely change Clevedon, as it tourist town. It does not need a super store in it. I think that a lot of small businesses/shops are going to suffer if Tesco's gets the go ahead. I also think that there are going to be a number of side affects if the development happens. E.g. environmental issues. These are the main reasons why I have chosen to study the expansion of Tesco's. Methodology In my investigation I plan to do a number of things. I am planning to go round the shops in Clevedon and ask them what they think of the expansion of Tesco's. I am going to ask them all the same questions as to make it a fair investigation. I am going to ask 1) Do you think the expansion of Tesco's is going to affect your business directly? Please explain your answer 2) Do you think there will be any side affects of the expansion of Tesco's? These could be positive of negative. Please explain your answer. 3) Do you think that other businesses are going to be affected by the expansion of Tesco's? Please state what type of businesses you think are going to suffer. I am going to go to a number of different shops asking them what they think. I am also going to interview Morrison's and Lidl, as these are the other two big stores in Clevedon. Along with all the shops in Clevedon I am going to be fair and give Tesco's their chance to put their points across. I am going to interview and hopefully get the plans of the expansion of Tesco's. I am also going to be getting information off the Internet about the expansion of Tesco's. I am going to find old newspaper articles about the expansion and sum them up then put them into my results section. I think I am going to try and get peoples opinion about the expansion of Tesco, but when I went down to Tesco's to do random surveys no one was willing to do them. So I asked simple yes or no questions and I got some results. My two questions where. 1) Do you want Tesco's should expand? 2) Do you think the expansion is going to affect the small business and shops in Clevedon? Results The first thing I am going to do is I am going to get as much information about the expansion of Tesco's as I can. This was the original article that was published in the North Somerset Times on the 01 March 2007. â€Å"Tesco's proposal to demolish its Clevedon store and replace it with one twice as large has finally been registered with planners. The Mercury exclusively revealed in November that Britain's biggest retailer had paid à ¯Ã‚ ¿Ã‚ ½1.3 million for land next to its existing store. The supermarket giant intends to build the new store on the site of the current one, and also the premises occupied by Labcaire and the Bradshaw Group. Town residents, small businesses and other interested groups can now comment on the application after plans were formally registered with North Somerset Council last Thursday. They will be discussed by Clevedon Town Council later in March before going to North Somerset Council for a final decision. Tesco plans to keep the Kenn Road store open while the new one is being built and then demolish it for more parking spaces. It says the new store will bring about 150 extra full- and part-time jobs, injecting, it claims, à ¯Ã‚ ¿Ã‚ ½1.5 million per year into the local economy. Current jobs would be safeguarded by keeping the old store open during the construction phase. The petrol station will also be moved on to the Bradshaw site. The new store would have a sales area of 60,148sq ft, compared to the current 27,286, and would provide 602 parking spaces. Tesco says the glass-fronted store would be built from sustainable materials, which are years ahead of what is required under building regulations. The part of the store which would face Southern Way would be two storeys high, the second storey containing a cafe and staff areas. In November Tesco spokesman Felix Gummer said the store, which would be branded as Tesco Extra, would sell a wider range of goods.† After reading up on the problem at hand I went to the local businesses and small shops to see what they think. I asked them all the same 3 questions, which I wrote in my methodology. The first shop I went to interview was WH Smiths. Smiths were very keen to give me lots of information about their view on the expansion on Tesco's. Their answers to my questions are as follows. 1) I think that the expansion of Tesco's is going to greatly affect our business. Our Clevedon Branch is one of the smallest Branches of WH Smiths around. This shop isn't big enough to cope with the demands of Clevedon as it is. We think that if the expansion of Tesco's does go ahead then we are going to loose a lot of business. I think this, as the new Tesco's is going to stock all the products that we stock. Plus as they are a national store it is cheaper for them to produce the products that we stock. So we are going to be under cut. So I am pretty sure that if the expansion does go ahead we are not going to be here much longer. 2) I think that the expansion is going to bring more people to Clevedon, but they will not come into the centre of Clevedon, they will use Tesco's then go. If it was Morrison's expanding then I think that it would be completely different. All the shops around the centre will benefit but as it is Tesco's I think that a lot of shops are going to suffer. I also think that as more people are going to coming to Clevedon then there is going to be a lot more cars coming to Clevedon. Causing more noise and air pollutions. 3) I think that a lot of small business/shops are going to be affected as Tesco's are going to stock a much wider verity of products. Products that the shops in the centre stock. So people are going to go to Tesco's as it is going to be cheaper for them to buy from Tesco's. I then moved round and went to New Look. New Look didn't seem to want to give as much information as WH Smiths but I got their opinion. 1) Our store does not feel threatened by the expansion of Tesco. If anything we think it is going to benefit our business. We do not feel threatened as we are offering a different product. We offer our customers fashionable clothes. Tesco's will not get the designers that we have, so we offer different types of clothes. We do not know if Tesco is even going to sell clothes. 2) As said above we think it is going to bring in more customers to our store. 3) No comment I then went to Woolworth's store they would not let me speak to the manager but I talked to one of the members of staff and got their opinion. 1) I think that the expansion of Tesco's is going to affect our store, but I am not sure if it is going to be in a good way or a bad way. I think that it is either going to take our customers away from us, or it is going to bring in more people from surrounding towns and this may increase our sales. 2) I do however believe that there are going to be a lot of side affects. The biggest being pollution, with all the extra cars coming in to shop at Tesco's plus the noise pollution, the pollution all the machinery will have to use to build the store. Also the local residents are going to be affected, me being one of them my garden backs onto the site, I think my personal area is going to be ruined. 3) I think that certain businesses are going to benefit and certain businesses are going to suffer. I think the well established, well known businesses will be fine but the small self owned ones will not. I then went and saw a friend who works at Aaron's Pets. I managed to talk to the manager of this Branch. He was very keen to give me his ideas about he expansion. 1) I don't think that we are going to be massively affected. I think that in certain areas we will b like with the animal toys, and certain typed of food, i.e. dog and cat food. But we offer a different product to the massive super store. We offer pets and the products that the animals need. (He said need with a lot of emphasis) 2) I do think that a lot of people are going to be affected by the expansion in different ways. I think that people are going to be kept awake at night by the constant traffic flow into and away from the store. Also the delivery lorries come in all through the day and night. Pollution is going to be a problem. As I am manager of a pet store I am very concerned about the animals around the area. There is area or woodland next to the roundabout that will be home to all sorts of creatures that will hunt at night, so there will be a bigger chance of them being run over. 3) I think that all the businesses in Clevedon are going to either suffer or benefit from the expansion. Due to Tesco's bringing in more customers or taking the customers to them. I then went to interview the bakeries. I am going to sum up what the 3 bakeries said and put them into one as they all said the same thing. 1) They all said more or less the same thing, we think that we are going to loose a lot of customers all our younger and middle aged customers will properly choose Tesco's as they will be cheaper. But the older generation are properly going to use us, as they have been using us all their life. Plus the loyal customers that come in to get the bread or tea, they will keep coming to us 2) They all said that the expansion of Tesco's is going to cause a lot of pollution and noise around the Kenn road area, but it wont so much affect the centre of Clevedon. 3) They all said the same thing for this question that it will keep all the bakeries on their feet and keep their standards high. I then went on to interview more shops around the centre of Clevedon and on hill road. They all came out with the same points as above so I have decided to not to include the interviews. I am however going to include information that I found from Morrison's. Nobody was available to comment on behalf of Morrison's but I found an article on the Internet that sums up their views. â€Å"Morrisons has warned the future of its Clevedon store would be under threat if Tesco is given the go-ahead to expand. The retailer says if Tesco is allowed to more than double the size of its Kenn Road store, it would hit the vitality of Clevedon town centre. It has written to North Somerset Council planners strongly objecting to Tesco's proposals. Its planning agent, Peacock and Smith, said there was no need for further supermarket expansion in Clevedon. It said: â€Å"The Morrisons store is the largest retail facility in the town centre and anchors the centre. â€Å"It generates a significant number of linked shopping trips with other shops and services in the town. â€Å"Our client has confirmed that its long-term viability may be under threat if the proposed development were to be approved. â€Å"Should closure of the store ultimately occur, this would also have major implications for the health of Clevedon town centre. â€Å"Accordingly, we consider that, in accordance with national and local retail policy to foster the health of town centres, this application should be refused.† It adds there is spare capacity at its Clevedon store and it is undertrading. Turnover is à ¯Ã‚ ¿Ã‚ ½10.6 million per year, whereas it would expect it to be à ¯Ã‚ ¿Ã‚ ½15 million for a store of that size.† This is the information I have gained from shops, it is both primary, the interviews on the shops, and secondary, the articles I have got off the Internet. I am now going to see what customers at Tesco and Morrison's think of the expansion. I found this very difficult and no one seemed willing to give me explanations so I had to except one word yes or no answers. I asked 50 random people the two questions and got closed answers (yes no). 1) Do you want Tesco's should expand? 2) Do you think the expansion is going to affect the small business and shops in Clevedon? Positive Negative Won't affect it Evaluation From all the evidence I have gathered from both primary and secondary sources, I have found out that most people think that the expansion of Tesco's is going to affect local businesses. However people think that the affects it is going to have could be negative or positive. A lot more people believe that it is going to have negative affects on the local businesses. 72% of 50 people I randomly selected from Morrison's and Tesco believe that the affects are going to be negative. This is a vast majority of my random selection. However 20% of people I surveyed believed that the affects are going to positive. By brining in more people to the area, thus bringing more people to the shops. The shop owners came across differently. They all believed that there are going to affects on the economy. The only shops that feel that they are going to be affected are the shops that stock the same products as what Tesco do. The shops that stock specialist items like New Look, don't feel threatened at all. As they have their own designer's so they don't think they will be negatively affected. They think that the new Tesco will bring in more people to Clevedon so more people will visit the shops. Everyone apart from a few people think that in some way the expansion of Tesco's will affect the local businesses. This answers my question is the Expansion of Tesco's going to affect the local businesses? From all my research the answer to the question is yes the businesses are going to be affected but it may be for the better or the worse. If I were to do this task I would do a couple of things differently. In my questions that I asked the shops I would make question 3 â€Å"Do you think there will be any side affects of the expansion of Tesco's? These could be positive of negative. Please explain your answer.† I would make this question more specific or I would get rid of it. Yes I got a lot of information off this question but the information was not relevant to my question so it was a waste of time. I would also ask a lot more random questions, as I think that this is the best way to find out what people think. I believe I have answered my question and have got a lot of evidence to back up my point.

Internship Report of an Islamic Bank - Free Essay Example

Sample details Pages: 20 Words: 5905 Downloads: 7 Date added: 2017/09/26 Category Education Essay Type Analytical essay Tags: Islam Essay Did you like this example? INTRODUCTION WHAT IS BANK? A bank is a financial institution, which deals with money and credit. It accepts deposits from individuals, firm and companies at a lower rate of interest and gives at a higher rate of interest to those who need them. The difference between the terms at which it borrows and those at which it lends from the source of it profit. A bank, thus, is a profit earning institution. HISTORY OF ISLAMIC BANKING IN PAKISTAN 1947 The inception of Pakistan as the first Islamic Republic created in the name of Islam. 949 The Objectives Resolution was adopted by the first Constituent Assembly based on the ideology of a sovereign Islamic state. This was the first step in the conception towards Pakistan’s Constitution. 1956 The first Constitution defined Islam as State Religion and all laws to be according to the injunction of the Quran and Sunnah. 1962 The establishment of Council of Islamic Ideology (CII) was followed by the conception of the second constituti on of Pakistan. 1973 The third constitution of Pakistan was passed allowing comprehensive legislation on Islamic principles and establishment of Federal Shariat Court. 1980 CII presents report on the elimination of Interest genuinely considered to be the first major comprehensive work in the world undertaken on Islamic banking and finance. In this period President Zia ul Haq imposed profit and loss sharing accounts as a compulsion instead of interest bearing accounts, he also started deduction of Zakat from bank accounts in Islamic prospect. 985 Commercial banks transformed their nomenclature stating all Rupee saving accounts as interest-free. However, foreign currency deposits in Pakistan and on lending of foreign loans continued as before. 1991 Procedure adopted by banks in 1985 was declared unIslamic by the Federal Shariat Court (FSC). The Government and some banks/DFIs made appeals to the Shariat Appellate Bench (SAB) of the Supreme Court of Pakistan. In 1991 thsese two new I slamic banks started their operations in Pakistan. ALBARAKA ISLAMIC BANK. 2- AL FAISAL ISLAMIC BANK. INTRODUCTION TO MEEZAN BANK LTD MEEZAN was established as an Islamic Investment Bank in 1997 as â€Å"AL MEEZAN INVESTMENT BANK LTD†. After the successful completion and great struggle First Islamic Commercial Bank’s license was awarded to Al Meezan Investment Bank in year 2002, to start the commercial banking facilities they bought the local operations of â€Å"Socite General† (French Bank) 03 branches and started the commercial Islamic banking in the country. Meezan Bank stands today at a noteworthy point along the evolution of Islamic Banking in Pakistan. The banking sector is showing a significant paradigm shift away from traditional means of business and is catering to an increasingly astute and demanding financial consumer who is also becoming keenly aware of Islamic Banking. Meezan Bank bears the critical responsibility of leading the way forward in e stablishing a stable and dynamic Islamic Banking system replete with dynamic and cutting-edge products and services. The Bank has made fundamental and significant progress forward, and in doing so has established a strong and credible management team comprised of experienced professionals, which have achieved a strong balance sheet with excellent operating profitability, including a capital adequacy ratio that places the Bank at the top of the industry, a long-term entity rating of A+, and a short-term entity rating of A1+, the highest short-term rating. SHAREHOLDING STRUCTURE SHAREHOLDINGRs. In Millions% Pakistan Kuwait Investment Company (Pvt. Ltd1,13430 Shamil Bank of Bahrain E. C52726 Islamic Development Bank Jeddah19009 Noor Financial Investment Co. 13416 Others39619 Paid up capital 3780100 Shariah Board The members of the Shariah Board of Meezan Bank are Internationally-renown scholars, serving on the boards of many Islamic banks operating in different countries. The member s of the Shariah Board are: ? Justice (Retd. ) Muhammad Taqi Usmani ? Dr. Abdul Sattar Abu Ghuddah ? Sheikh Essam M. Ishaq ? Dr. Muhammad Imran Ashraf Usmani Shariah Advisor Board of Directors ? H. E. Sheikh Ebrahim Bin Khalifa Al-Khalifa (Chairman) (Undersecretary, Ministry of Finance National Economy,Kingdom of Bahrain) ? Naser Abdul Mohsen Al-Marri (Vice Chairman) ? Irfan Siddiqui (President Chief Executive Officer) ? Istaqbal Mehdi ? Mohammed Abdul-Rehman Hussain ? Nawid Ahsan ? Ariful Islam (Chief Operating Officer) ? Rana Ahmed Humayun ? Mohammed Azzaroog Rajab ? Ahmed Abdul Rahim Mohamed ACHIEVEMENTS CREDIT RATING: Meezan Bank has reaffirmed its entity ratings at A+ for medium to long-term and A1+ for short-term. This rating was made by JCR-VIS Credit Rating Company, which has also set Meezan Bank’s outlook on medium to long-term rating as â€Å"Stable†. The rating is yet another milestone achievement in the Bank’s endeavor to be the Bank. Meezan Bank’s ratings are based on its shareholding with world-renowned financial institutions, pioneering role in the industry, strong management initiatives in continuously introducing various range of Islamic products. The Credit Rating agency JCR-VIS has expressed commendation to Meezan Bank management’s ability to deploy funds in core banking assets, which reflected healthy growth trends last year. FIRST LADIES BANKING IN PAKISTAN: The Bank is the first in the country to introduce Ladies Banking a dedicated banking section only for ladies. This new service provides an exclusive banking area as per the set Shariah principles for our lady customers in a more comfortable environment. The dedicated Customer Services Officer in our ladies only banking area will provide consultancy for a full range of our Halal banking services including, 9am to 5pm Online Banking, Term Certificates, Current Saving Accounts, Consumer Financing and 24/7 banking services. BRANCH NETWORK: Over 70 branches are working all over the Pakistan. OTHER ACHIEVEMENTS: Best Islamic Bank 2005 (Islamic Finance News) Best provider of Islamic financial services year 2005 VIEWS OF PRESIDENT OF PAKISTAN: I wish Meezan Bank success in initiating the cause of Riba-free banking. General Pervez Musharraf President of Pakistan Meezan Bank Inauguration, September 2002 Vision Statement Establish Islamic banking as banking of first choice to facilitate the implementation of an equitable economic system, providing a strong foundation for establishing a fair and just society for mankind. Mission Statement To be a premier Islamic bank, offering a one-stop shop for innovative value added products and services to our customers within the bounds of Shariah, while optimizing the stakeholders value through an organizational culture based on learning, fairness, respect for individual enterprise and performance. Service Quality Mission To develop a committed service culture which ensures the con sistent delivery of our products and services within the highest quality service parameters, promoting Islamic values and ensuring recognition and a quality banking xperience to our customers. DEPARTMENTS THE PRODUCTS OFFERED AT THE BRANCH There are 5 main departments at the branch: 1- CUSTOMER SERVICES DEPARTMENT 2- OPERATIONS DEPARTMENT 3- CREDIT DEPARTMENT 4- TRADE FINANCE DEPARTMENT 5- CASH DEPARTMENT 1- CUSTOMER SERVICES DEPARTMENT Account opening and closing is the function of customer services deptt. The bank’s customers includes individuals (single or joint), firm (partnership/proprietorship), Autonomous corporations, Limited companies, Charitable Institutions, associations, Educational Institutions or local bodies. Brief Explanation of these accounts is as follows Products offered by this department: a) Riba Free Rupee Savings Account ? Current account ? Saving Account b) Riba Free Dollar Savings Account ? Foreign Currency Account a) RIBA FREE-RUPEE SAVING ACCOUN T As a step towards the mission of providing a one-stop shop for innovative value added products to our customers, Meezan Bank is pleased to offer RIBA FREE Current Account, a flexible Rupee based account that is ideal for businesses and individuals looking for Shariah compliant banking and professionalism under one roof. The deposits of the customers together with the bank’s contribution are invested in a pool that consists of Ijarah and Murabaha financing. The profit earn on this pool is calculated every month, and if you maintain a minimum average monthly balance of Rs. 10, 000/- you shall be eligible to receive profits that will be disbursed to you every month. But if u’r balance is less then 10000 then u get no profit or no penalty is charges to u. there is no fixed profit b/c every month new rate declared. Requirements: Mini deposit:::::::::::::::::::::::::::::::::::::Rs. 10,000/- only Other requirements are mentioned in detail in appendix. CURRENT ACCOUNT Current account is basically used to meet the daily transactions. The money kept in current account is in the form of CARZ-E-HASNA gives the advantage for paying debts by the convenient and safe means of sending cheques through the post thus avoiding the trouble and loss. Requirements: Mini deposit:::::::::::::::::::::::::::::::::::::Rs. 10,000/- only Other requirements are mentioned in detail in appendix. b) Riba Free Dollar Savings Account The return earn on the Mudarba pool is calculated every month and profit ratio is declared for all investors is declared at the beginning of the month. If you maintain a minimum average monthly balance of $500, you shall be eligible to receive profits that will be disbursed to you every month. Requirements: Mini deposit:::::::::::::::::::::$100 under Mudarba arrangement. Other requirements are mentioned in detail in appendix BASIC OF ACCOUNT OPENING Account opening is the basic and first relationship, which is established between Bank and the customer. In account opening extreme care has to be exercised in case of completion of account opening documentation. Whenever a client comes in the bank in order to open an account the first information that is given to him/her about the types of accounts, which can be opened, so far this purpose the client is given detailed information about the accounts and their respective profit rates. TYPE OF ACCOUNTS OPENED ? CURRENT ? SAVING ? TERM DEPOSIT Sub-categories of Accounts and the Basic Requirements: MINOR ACCOUNT ? Bay form and copy of passport minor ? National Identity card of Guardian ? Signature requirement of guardian INDIVIDUAL ACCOUNT ? Copy of national identity card ? Complete account opening form ? Letter of introduction if required Visiting Card (if the person is employed) JOINT ACCOUNTS As evident from the name these accounts can be jointly opened by any number of persons. The minimum number of persons required to open a joint account is two but there is no maximum l imit. Requirements: ? National Identity card of all Applicants. ? Signature of all Applicants. ? Zakat Affidavit of all Applicants (zakat Examption). ? Operation of account clearly mentioned. ? The options available to operate the account are: ? Jointly ? Either or Survivor ? Other(s)(Please specify) CLUB /SOCIETY/ASSOCIATION [Requirements]: ? Certified copy of resolution Certified copy of rules ? Copies of National Identity cards of all directors/passports ? Completed account opening form ? Specimen Signature Card TRUSTS ACCOUNTS ? Completed account opening form ? Specimen Signature Card ? Certified copy of trust deed ? Copy of rules/by laws ? Copies of National Identity cards of all trustees ? Other requirements are mentioned in detail in appendix. CORPORATE ACCOUNTS ACCOUNTS OF SOLE PROPRIETOR (Requirements) ? Declaration Letter ? Copy of NIC/Passport of the proprietor ? National Tax Certificate ? Declaration of Sole Proprietor on company letterhead ? Business registration Cer tificate ? Specimen Signature Cards and completed account opening form. ACCOUNT OF PARTNARSHIP (Requirements) ? Partnership Deed, certified copy. ? Photocopies of NIC of all partners. ? Partnership Mandate(Prescribed Format). ACCOUNT OF LIMITED COMPANIES (Requirements) ? List of Directors of company. ? NIC of all Directors. ? Copy of certificate of Incorporation. ? Memorandum of Association. ? Article of Association. ? Copy of Board Resolution. ? Latest Copy of Form-29 ? Stamp of Company, which is to be affixed on the account opening form. ? Certificate of Commencement of Business ACCOUNTS OF LITERATE [Photo Account] These accounts can be opened individually or jointly. For men, the right hand thumb impression and for women, the left hand thumb impression is taken on account opening form. The customer is given advice to come to bank himself in order to withdraw any cash or deposit the cheque. Requirements: ? Photocopy of NIC of Account Holder. ? Two-three passport size photograph s. THINGS TO BE CONSIDERED BEFORE OPENING AN ACCOUNT ? Verification of the customers’ credentials. ? The suitability of the prospective customer. ? State Bank’s rules and regulations. ? The Bank’s own policy. The prospective profitability of the relationship. ? Other requirements are mentioned in detail in appendix. PROCEDURES FOR ACCOUNT OPENING First of all, after inquiring from the customer what type of account he/she wants to open, the account opening form is got filled from the customer and signed it. Along with the account opening form, the customer is also signed two Specimen Signatures Cards. After fulfilling all the formalities of account opening, the computer generated account number is given to the customer that is of special series depending on the type of account. REQUISITION SLIP A requisition slip is given to the customer to sign it so that the customer can get chequebook. Chequebook is issued after one day of receiving the requisition slip. LE TTER OF THANKS After opening the account â€Å"A Letter Of Thanks† is send to the customer in order to thank the customer for opening an account in the Bank. This letter tells all the information regarding his/her account, which are kept very confidential. ACCOUNT OPENING REGISTER After an account is opened, an entry is made in the account opening register, which has the following columns: ? Date ? Account Number ? Name Address ? Telephone Number ? Initial Deposit Customer Services/Relation Officer enters the new account opened in computer and the Specimen signature Cards are also scanned so that whenever a cheque of the respective account comes for encashment, the signatures can be verified. Overall functions performed by Customer Services Department: ? ACCOUNT OPENING ? ACCOUNT CLOSING ? GENERAL CLIENT DEALING 2-OPERATIONS DEPARTMENT FUNCTIONS PERFOMED: a) CLEARING b) REMITTANCE a) CLEARING ? Inward clearing ? Outward clearing INWARD CLEARING In the morning, the bank re ceives its own cheques, which have been presented by the customers in some other bank to be deposited in their account. NIFT provides the facility of bringing cheques for inward and also takes the cheques of outward clearing to other banks. The cheques received in inward clearing are the cheques drawn on bank and the bank has to pay for them. For this purpose the bank makes clearing in computer by checking the balances of the respective customer, if their balances are up to the mark then that cheque is cleared and the respective customer account is debited with the respective amount. If the balances are short then that cheque is bounced back to the related bank. Reasons for returning a cheque: All required stamps of Clearing, Crossing and Endorsement are not present on cheques. †¢ Cheque is post date. †¢ Refer to drawer †¢ Effects not cleared, may be presented again †¢ Amounts in words and figures differ. If any of these reasons exists then that cheque is retu rned through NIFT and deducts Rs. 300 from customer’ account as cheque returned charges. For this purpose an entry is passed on multi entry voucher like: Customer’s AccountDr. State Bank Of PakistanCr. Cheque returned chargesDr. Other commissionsCr. Then the report of returning any cheque is sent through fax to the head office Karachi. After this put the entry in Cheque return register showing the following columns: ? Date ? Title of account ? Account number ? Cheque number ? Bank and Branch name ? Reason to return OUTWARD CLEARING: All the cheques of other banks which are deposited to MBL are presented in outward clearing. This is said as outward clearing because they are presented on the very next day after depositing a cheque. In outward clearing, the entry is made like: Customer Account Cr. State Bank of Pakistan Dr. This entry is made when we come to know about the clearing of all cheques, which are sent to other banks. SERVICES PROVIDED I. TRANSFER OF AMOUN T II. TELLING ACCOUNT BALANCES III. ISSUING CHEQUES BOOKS I. TRANSFER OF AMOUNT If a customer holds two accounts in the bank and he/she wants to transfer money from one account to other account, customer writes a cheque and fills deposit slip in which he/she writes account number to which amount is to be transferred. After making transfer entry in the computer, affix transfer stamp in the middle of the cheque, crossing on the upper left and bank’s endorsement stamp on the backside of the cheque. II. TELLING ACCOUNT BALANCES Whenever clearing officer receives phone call from the customer inquiring about his/her account balance after confirming the name, address and other information he tells the balance through computer. III. ISSUING CHEQUE BOOKS It is also the duty of department to issue a chequebook when an officer receives request from the customer. B. REMITTANCE a) Pay order b) Demand drafts c) Inward collection d) Outward collection a) PAY ORDER: Pay order is an order to pay money but this payment is to be made within city. In other words it can be said that the payee and the payer should be in one city. In pay order the payment can be made in A) Cash B) Clearing C) Transfer PROCEDURE: In case of pay order first of all the customer has to fill a pay order application form in favoring section: name, account number, amount, beneficiary name, address, etc. The data is entered in already set format of pay order in computer and pay order print out is taken. An authorized person and manager operations are signed pay order. The original copy of the pay order is given to the customer and carbon copy is kept with bank for office record. b) DEMAND DRAFT An order to pay money to the payee who is residing outside the city. DD can be for a customer who may or may not have an account in the bank but the other person’s account must be maintained with the bank for which the payer has demanded the DD. c) INWARD COLLECTION When the bank receives chequ es of any other bank from its any branch situated in the some other city, then those have been dealt as inward collection. PROCEDURE After receiving the cheque, an entry is made in inward collection register and then all stamps are affixed on the cheque (clearing, endorsement, IC # stamp) and make outward clearing voucher which shows the following entry: Remittance payable Cr. On the next evening after the delivery of clearing cheques make reversal entry like Remittance Payable Dr. Respective Branch Cr. Also make a fax message to inform the respective branch that we have credited their nostro account. OTHER FUNCTIONS UNDER OPERATIONS DEPARTMENT LOCKERS Lockers operations shall not be permitted under power of attorney of a customer. A customer wishing to allow another person or agent may be requested to open a new locker account under joint names and close the existing account. In offering this facility branches have to be selective and should provide lockers to the customers w hose identity and integrity is verified, who should maintain account with the branch and have potential for deposits and other banking business. It is reiterated that honesty, creditability and good reputation of the customer is of utmost importance in the selection of customer for lockers. KEY FEATURES: ? Available in selected branches ? Available in 3 sizes ? For all eligible Account Holders ? Key security DepositPKR 3000 Procedure ? Application on Prescribed Form duly filled ? Saving/Current Account with MBL 02 Passport size Photographs Charges ? Key DepositPKR 3000/ ? SmallPKR 1000/Year ? MediumPKR 1500/Year ? LargePKR 2000/Year ? Locker breaking charges Rs 3000 Cheque Books Handling ? Application for New Cheque Book CHARGES ? PKR 03/Leaf for Saving Account Cheque Book ? PKR 01/Leaf for Current Account Cheque Book ? PKR 01/Leaf for FCY Account (No Charges for Cheque Books of Karobari Munafa Account) RIBA FREE TERM DEPOSITS OFFERED BY BANK ? Certificate of Islamic Investment ? Mo nthly Mudarabah Certificates ? Dollar Mudarabah Certificates ? Meezan Amdan Certificates ? Meezan Providence Certificate Certificate of Islamic Investment Riba-Free Certificate of Islamic Investment (COII) works under the principles of Mudarabah and is strictly in conformity with the rules of Islamic Shariah. On agreeing to become a COII holder, the customer enters into a relationship, based on Mudarabah, with Meezan Bank. Under this relationship, the Customer is an Investor (Rab ul Mal), and the Bank is the Manager (Mudarib) of the funds deposited by the customers. The bank allocates the funds received from the customers to a deposit pool. These funds are utilized to provide financing to customers under Islamic modes that include, but are not restricted to, Murabaha and Ijarah. Tenor ? 3 Months ? 6 Months ? 1 Year ? 2 Years ? 3 Years ? 5 Years Profit Payment Options 3 Monthson maturity 6 monthson maturity 1 year monthly or quarterly min investment 200K 2 yearmonthly or quarte rly min investment 200K 3-5 year monthly or quarterly min investment 200K There will be different rate of profit according to the profit payment option and amount and tenor. Pre-mature encashment In case of pre mature encashment the profit rate will be calculated according to the completed tenor, if extra profit is paid that will be recovered ? No pre-mature encashment penalty in MBL Payment of Premium Bank pay premium from its own share of profit to high depositors. Premium Rate 5M9. 99M1% 10M29. 99M1. 25% 30M49. 99M1. 50% 50M+2% Karobari Munafa Account Riba-Free Karobari Munafa Account works under the principles of Mudarabah and is strictly in conformity with the rules of Islamic Shariah. On agreeing to become an account holder, the customer enters into a relationship based on Mudarabah with Meezan Bank. Under this relationship, the Customer is an Investor (Rab ul Mal), and the Bank is the Manager (Mudarib) of the funds deposited by the customers. The bank allocates the funds r eceived from the customers to a deposit pool. These funds from the pool are utilized to provide financing to customers under Islamic modes that include, but are not restricted to, Murabaha and Ijarah. ? Profit calculated on daily basis and paid monthly ? No minimum balance requirement ? No restriction on deposit/withdrawals ? Free Cheque Books, Pay Orders and Online Banking ? Dedicated Account/Relationship ? High return for high depositors ? Other requirements are mentioned in detail in appendix. Monthly Mudarabah Certificates RibaFree Monthly Mudarabah Certificates is a flexible investment product which has been designed to give you a monthly return which is Halal. The minimum investment required is only Rs. 100,000 and you receive profit for each complete month of investment with the Bank. How Monthly Mudarabah Certificates works? Riba-Free Monthly Mudarabah Certificate (MMC) works under the principles of Mudarabah and is strictly in conformity with the rules of Islamic Shar iah. On agreeing to become a MMC holder, the customer enters into a relationship based on Mudarabah with Meezan Bank. Under this relationship, the Customer is an Investor (Rab ul Mal), and the Bank is the Manager (Mudarib) of the funds deposited by the customers. The bank allocates the funds received from the customers to a deposit pool. These funds from the pool are utilized to provide financing to customers under Islamic modes that include, but are not restricted to, Murabaha and Ijarah. Features: ? Minimum requirement of PKR 100K ? Profit disbursement on maturity ? Tire system for profit payment (Refer Rate Sheet) ? No payment on premature encashment ? Other details n requirements are mentioned in detail appendix. Dollar Mudarabah Certificates On agreeing to become a DMC holder, the customer enters into a relationship based on Mudarabah with Meezan Bank. Under this relationship, the customer is an Investor (Rab ul Maal), and the Bank is the Manager (Mudarib) of the funds d eposited by the customers. The Bank allocates the funds received from the customers to a deposit pool. These funds from the pool are utilized to provide financing to customers under Islamic modes that include, but are not restricted to, Murabaha and Ijarah. Requirements: ? In USD only ? Individuals and Corporate ? Minimum investment 10K and above Tenor: ? 3Months ? 6Months ? 1Year ? 3Years Profit payment Options: ? 3MonthsMaturity ? 6MonthsMaturity ? 1year6 Monthly or Maturity 3years6 Monthly or Maturity ? Other details n requirements are mentioned in detail appendix. Meezan Amdan Certificates The Riba-Free Meezan Aamdan Certificate (MAC) is a long-term deposit certificate with an exceptionally high monthly profit designed especially for those individuals and corporations who are in need of regular stream of monthly income. MAC is a monthly income (mahana aamdani) certificate with a variety of free packaged benefits. Working The Riba-Free Meezan Aamdan Certificate (MAC) works under the principles of Mudarabah and is strictly  in  conformity with the rules of Islamic Shariah. On agreeing to become a MAC holder, the customer enters into a relationship based on Mudarabah with Meezan  Bank. Under this relationship, the customer is an Investor (Rab ul Maal), and the Bank is the Manager  (Mudarib) of the funds deposited by the customers. The Bank allocates the funds received from the customers to a deposit pool. These funds from the pool are utilized  to provide financing to customers under Islamic modes that include, but are not restricted to, Murabaha and Ijarah. Features: ? Long Term Product ? Tenor 5-1/2 years 7 years ? Profit 9. 5% 10. 50% (Last month) For Individuals and Corporate ? Minimum deposit PKR 100 K ? (50K for old citizens and widows) Meezan Providence Certificate (MPC) A long-term investment product specially designed to cater to the needs of corporate and business concerns for purposes of investing their Provident, Pension and Gratuit y Funds. How Meezan Providence Certificate works? Riba-Free Meezan Providence Certificate (MPC) works under the principles of Mudarabah and is strictly in conformity with the rules of Islamic Shariah. On agreeing to become a MPC holder, the customer enters into a relationship based on Mudarabah with Meezan Bank. Under this relationship, the Customer is an Investor (Rab ul Mal), and the Bank is the Manager (Mudarib) of the funds deposited by the customers. ? Min. deposit 01 Million Tenor ? 5 Years ? 7 Years Other options: ? Provident and Pension Fund of large corporate ? Premature encashment facility available Meezan Islamic Institution Deposit Account The Meezan Islamic Institution Deposit Account (MIIDA) is a unique product, tailored exclusively for Islamic Financial Institutions (IFIs). With MIIDA, any IFI now has the opportunity to manage excess liquidity in an immediate and profitable manner, by maintaining a checking account with Meezan Bank. All eligible Islamic Banks ca n enter into a Mudarabah relationship with Meezan Bank. Under this relationship, the respective Islamic Banks are the Investors (Rab ul Maal), and Meezan Bank is the Manager (Mudaarib) of the funds deposited by them. Meezan Bank allocates the funds received from the Islamic Banks to a deposit pool consisting of financing under Islamic modes that includes, but is not restricted to, Murabaha and Ijarah. Features: ? For Islamic Financial Institutions deposit ? To invest their access liquidity ? Min. investment PKR 10 M and multiplies there of ? Max investment 01 B Other details n requirements are mentioned in detail appendix. 3- CASH DEPARTMENT The cash department is the most important department of the bank. It receives cash from customers and then deposits it into the accounts of the customers and maintained their balances. In cash department following books are maintained. ? Scroll book ? Paying book ? Cash balance book SCROLL BOOK When cash is received at the customer it is record ed in the scroll book. PAYING CASH BOOK The cashier makes entry in the paying cashbook when cash is paid. CASH BALANCE BOOK The consolidated figure of receipt and payment of cash is entered in cash balance book. CREDIT / FINANCE DEPARTMENT Islamic Financing for the following: ? Corporate ? SME ? Personal PERSONAL FINANCING Diminishing Musharaka (Islamic Financing) With Easy Home you can participate with Meezan Bank in a joint ownership of your property, where the Bank will provide financing up to 85%. On agreement of a monthly payment to the Bank of which a component is for the use of the home (rent), and another for your equity share. The total monthly payment is reallocated regularly by the partnership to reflect your growing equity and to allocate increasing amounts to your investment. When you have made the full investment, which had been agreed, you become the sole owner with a free and clear title to the property. Easy Home Easy home works under the Diminishing Musharakah where customer participates with Meezan Bank in joint ownership. Easy Home finance is available for: Purchase ? 3-20 year ? Max. Finance 85% Construction ? 2-20 year ? Max. Finance 70% Renovation ? 2-7 year ? Max Finance 85% Replacement ? 3-20 year Eligibility ? Pakistani National ? Age 25—65 (till maturity) ? Professional Experience Salaried person: ? 2 year of consecutive experience in same industry ? Min salary 20 k per month Business ? 3 years business experience ? Min. business income Rs 50K per month Processing Charges ? BusinessmenRs 12500 ? Salaried PersonRs 8500 ? (Up to Rs 4 M, 2000 Additional for above) ? Time Frame 3-4 Weeks Other details are attached in appendix. Car Ijara Ijara is a rental agreement under which bank purchase a vehicle and give the same on rent to customer Car Ijarah is Pakistan’s first Interest Free car financing based on the Islamic financing mode of Ijarah (Islamic leasing). This product is ideal for individuals looking for car finan cing while avoiding an interest-based transaction. Scope of Facility ? Domestic Vehicle(Local made) ? Commercial Vehicle (Local+Imported) ? Used/Imported Vehicle(1st Transfer only) Rates offered: (For New)(For used) ? 3 year14%15% ? 4 year15%15. 50% ? 5 year16. 50%18% 1% higher than normal for commercial+imported+used vehicle Eligibility: Pakistani National ? Salaried individual, self-employed, professional or businessperson ? Minimum 3 years of work/business/professional experience ? 6 month working with present employer ? Net income exceeds three times of monthly rental OTHER PRODUCTS OFFERED On line Real Time ATM Free ATM Card ? Per Day Limit of PKR 20K ? Rs 15 charges for use of other ATM Network ? Acceptable at all ATM outlets ? Debit card at Orix out lets (PKR 50k/Day) On line Real Time Facility ? Absolutely free from all branches of MBL ? Collection of Cheques absolutely free ? Available to PKR current, saving Karobari Munafa acc. Banking Facility at all MBL Branches for ? Mon Sat9-5 ? Friday9-12-30 3-5 ? Saturday9-12-30 24/7 Call Center 24/7 call center provides you access to a wide range of Tele-banking solutions and personalized banking service. Key Features ? Check account balances Instruct issuance of pay orders and demand drafts ? Transfer funds between your own accounts ? Order issuance of cheque book ? Check transaction history of accounts ? Receive information on MBL products and services ? Issue stop payment instructions ? Report loss of your cheque book ? Request or change T-PIN ? ATM PIN Re issuance ? Report loss of ATM/Debit Card or cheque(s) Internet Banking Internet Banking allow to have access to accounts regardless of where they may be in the world. Key Features ? Balance inquiry ? Statement viewing ? Statement download ? Cheque status ? Cheque blocking Pay order request ? Complaint logging and follow-ups ? Funds transfers between own accounts at MBL ? Change of address request ? Cheque book request Alerts and Notification by E-ma il ? Low/High balance alert ? Credit/Debit transaction alert ? Request resolution alert ? Complaint resolution alert Future Features ? Alerts by SMS/Fax ? Utility bill payments ? Inter bank funds transfers ? Payment to nominated accounts at MBL ? Standing orders for repeated payments SWOT ANALYSIS Strengths: ? Effective HR Policies. ? ATM Machine in Branches. ? One Counter Operation. ? Islamic Banking. ? Loyalty of Employees. 24/7 Online Banking. ? Internet banking facility. ? Excellent Environment. ? Efficient and Qualified Management. ? Fewer Competitors as Islamic Banking. ? A large range of Islamic Investment Schemes. ? Islamic Leasing System. ? No hidden charges. ? Rates are remarkably low as compared to other banks. ? Very High credit rating. Weakness: ? Lack of awareness of the people. ? Fewer Branches in Faisalabad. ? Less Advertisement.. ? Main Branch isn’t Located in the Business Area. ? Online system is not so strong. Opportunities: ? More and more people are comin g towards Islamic Banking System. Introduction of innovative products. ? New Market Segments for ijara, i. e. Home Appliances Products. ? Open New Braches in Faisalabad and other small areas. Threats: ? Islamic banks are Increasing. ? Traditional commercial banks are also introducing the Islamic Banking Facility. ? Personal Loan Scheme of other banks. ? New Innovative Schemes by Other Islamic banks. SUGGESTION RECOMMENDATIONS ? Expanding their business by establishing new branches in those areas which are near to the business area. ? MBL has the option to increase its customers through efficient marketing system. The bank must hire the efficient marketing personnel. ? MBL must take part in heavy advertisement as the people become aware of the Islamic banking System. ? Bank should provide management training to their employees. ? Bank should develop healthy relation to their customers. ? MBL should give more compensations and benefits to its employees and other workers for the impro vement in the performance. Because it leads to the improvement of overall bank’s performance. FINANCIAL HIGHLIGHTS Balance Sheet as on March 31, 2007 [pic] Profit and Loss Account as on March 31, 2007 [pic] Cash Flow Statement as on Marc 31, 2007 [pic] FINANCIAL ANALYSIS AND COMMENTS DEBT RATIO:20072006 T. Debt 44,865,94741,675,264 T. Assets49,822,34946,438,623 90. 05 %89. 74 % Comments: Debt ratio basically shows that, how much assets are financed by the debt. It shows that how much an investor is protected in case of default. From above information its obvious that, in year 2006, this ratio is 89. 74 % and this year it is 90. 05 %. It shows more debt financing as compared to previous year. DEBT / EQUITY RATIO:20072006 T. Debt44,865,94741,675,264 T. Equity3,779,8973,779,897 87. 1. 03 1187 %1103 % Comments: This ratio is an alternative to the debt ratio. One of these ratios can be used by the investor. It shows the basic ratio between debt and equity. This ratio is very hi gh, as we know that, banks are totally depend on the debt. However equity also make a part pf its total financing but its very little as compared to total debt. Due to this reason this ratio is very high in case of banks. As this ratio increased gradually, it shows increase in debt financing as compared to equity. RETURN ON ASSET [R. O. A]:20072006 Net profit after tax190,577181,655 T. Assets 49,822,349 46,438,623 0. 383 %0. 391 % Comments: This ratio shows the efficiency of the total assets, means how much efficiently the company using its assets to earn its net profit. As we know that in banks, assets are not a big source of generating earnings, and basic function is of debt and equity. That’s why this ratio is decreased this year as compared to the previously. RETURN ON INVESTMENT [R. O. I]2007 2006 Net profit after tax 190,577 181,655 Investment 2,811,033 2,877,554 6. 8 % 6. 3 % Comments: This ratio shows the return or net profit on the investments. Means how much p rofit the bank is making in terms of investments, rather than total profit. In this ratio it is obvious that profit ratio is increasing gradually as compared to previous years. And shows the better performance of the bank with the passage of time. RETURN ON EQUITY [R. O. E]:2007 2006 Net profit after tax 190,577 181,655 T. Equity 3,779,8973. 779. 897 5. 42 % 4. 80 % Comments: This ratio shows the profit in terms of equity. This profit is increasing gradually year after year as shown above. As there is no change in total equity, but the profit ratio increased. It shows the efficient operations an allocation of resources, as a result, the return on the equity is increased. EARNING PER SHARE [EPS]:20072006 Net profit 0. 50 0. 58 Total number of shares out standing Comments: EPS decreased this year. As net profit increased this year, EPS should also be moved respectively, but due to increases no of shares outstanding, it is decreased this year. OVERALL CONCLUSION Islamic banking is a very young concept. Yet it has already been implemented as the only system in two Muslim countries; there are Islamic banks in many Muslim countries and a few in non-Muslim countries as well. Despite the successful acceptance there are problems. These problems are mainly in the area of financing. With only minor changes in their practices, Islamic banks can get rid of all their cumbersome, burdensome and sometimes doubtful forms of financing and offer a clean and efficient interest-free banking. All the necessary ingredients are already there. The modified system will make use of only two forms of financing loans with a service charge and Mudaraba participatory financing both of which are fully accepted by all Muslim writers on the subject. Such a system will offer an effective banking system where Islamic banking is obligatory and a powerful alternative to conventional banking where both co-exist. Additionally, such a system will have no problem in obtaining authorization to operate in non-Muslim countries. Participatory financing is a unique feature of Islamic banking, and can offer responsible financing to socially and economically relevant development projects. This is an additional service Islamic banks offer over and above the traditional services provided by conventional commercial banks. Don’t waste time! Our writers will create an original "Internship Report of an Islamic Bank" essay for you Create order