ShantanuT01/DACTYL-Pretraining huggingface dataset:
Introduction Offshore outsourcing or off shoring entails the process of delegating services to either an overseas supplier or a foreign affiliate company. In the recent years, partly due to the digital revolution and increased multilateral relationships, many firms from the developed countries are trading their services in overseas markets. Previously, services such as IT consultancy, e-commerce, manufacturing, and call-centers could not be traded overseas. However, this relatively new phenomenon raises much debate concerning its consequences on the developed economies. In particular, outsourcing raises the possibility of companies undergoing restructuring and move most jobs to low wage countries to cut costs. Much of the discussion focuses on the negative consequences of offshore outsourcing. However, off shoring is likely to be beneficial to the economies of OECD countries through the reduction of costs of services in the process of restructuring. Moreover, since the developed countries, such as the United States, are, in absolute terms, the largest exporters of services, outsourcing would ensure that domestic firms have access to a larger market. International outsourcing presents more benefits to the United States’ economy and the economies of the developing countries. Economic Benefits of Outsourcing Many firms are outsourcing their services to offshore destinations. As the number of companies outsourcing their services increase, the associated risks decrease because businesses become more experienced and develop clearer objectives. Although the opponents of outsourcing cite unemployment as one of the consequences of outsourcing, global outsourcing is only responsible for few job losses in the U.S. (Belcourt 269). Both industrial and developing countries stand to benefit from global outsourcing in many respects. Outsourcing of services allows industrial countries to specialize in areas of their core competencies. Obviously, the main reason for outsourcing of one or more business processes, particularly in IT outsourcing, is cost reduction. Outsourcing allows a firm to focus on improving its core competencies such as technological development while delegating its secondary services, such as e-commerce, to a strategic destination overseas. Additionally, through outsourcing, highly specialized personnel can efficiently conduct their operations in a low cost environment. The efficiency implies a reduced market price of a firm’s products, which improves a firm’s positioning in the global market. The improvement in quality of a firm’s services and products is another important benefit of international outsourcing. Outsourcer companies normally seek vendors offering the best quality services and show more flexibility in their business processes. Additionally, outsourcing creates competition between potential vendors, which results to improved performance and increased flexibility. On that basis, companies outsource services to companies with resources and expertise to offer quality services, reduce risks, and save on costs. In particular, most companies ou
Basically, rebates are acknowledged as accepted tools that are commonly used by both small and large business enterprises to encourage clients to buy merchandises. A rebate generally implies a deduction or refund that is given to a customer as a discount to reimburse a fraction of the buying price. Cash rebates are thus purported to serve various purposes since they are not merely permitting the evolving business enterprises to seize cash accruing from the undertaken transactions and accumulate interests generated in a particular time interlude, but they equally offer essential information appertaining to the clients and the bazaar. Besides, cash rebates seem to be a kind of a proficient promotional tool other than just a price cutting technique given that not all merchandize buyers are willing to request for cash rebates (Belverd, 2010). Cash rebates is regarded as business ethical practice provided the clients are knowledgeable that the rebate is included in the commodity’s selling price before the transaction and promotions are made. Furthermore, the technique becomes a sound business ethical practice only if the rebates application processes are visibly unveiled and the cash rebates are paid based on the agreed terms. It is therefore rather intricate to examine cash rebates as being unethical because the application for a rebate is based on an individual’s will, and a client cannot necessarily receive it without making an application. Indeed, it might be inopportune from a client’s discernment to receive cash rebates due to the application processes that have to be undertaken (Fabozzi, 2000). However, if a business enterprise cannot afford to decrease the prices charged on the commodity after offering the cash rebates, then it would rather be better for the customers to purchase the services and products at full prices. A good business illustration where the cash rebates seem practical appertains to the case of printers. Basically, printers are traded at the feasible least prices to entice clients to buy the proprietary merchandise. Thus, the printers market is very competitive with respect to hardware pricing and this normally tends to make the sales margin awfully petite. Most printers are often vended in retail stores which profoundly hinge on encouragement actions to enhance sales. Hence, the printer dealers always fancy dealing with producers who habitually encourage the buying of their respective commodities (Hill & Jones, 2007). Hardware such as printers and other durable consumer goods normally have low margins and a majority of producers employ the most effective means possible to prop up these kinds of products. One such means is the use of cash rebates which have amongst other merits, considerable low effectual cost of marketing. This is generally achieved through floating the minimum rebate between eight to ten weeks before its issue. Whilst the purchasers will be unable to apply for the rebate, producers expect greater profits from inflated prices. Most of the manufactures will encourage consumers to give their personal details to qualify for the reimbursement. Producers use t
Personal exercise habits are particularly vital for body physical and mental functioning. Lack of exercise in addition to bad eating habits basically ruins one’s health and fitness. Motivation, money and time are some of major factors that influence exercises, especially personal training. In addition, regular physical exercises and dieting contribute to a great percentage in controlling diseases like respiratory or heart diseases. Housh et al. (2003) noted that physical activity is critical to good health, development and fitness for individuals. Most of the time in our daily lives is devoted to eating, sleeping and working. In most cases, individuals fail in managing time or funding personal training, which has an adverse effect to their health and fitness. Motivation is one of the important elements to individuals who usually engage in physical exercise. Motivation through leadership and management factors on individuals contribute largely to the level of personal training or exercises. Individual management is the act of getting things done while leadership makes these things to done right, at the right place and at the right time. Research indicates that patients and non-patients are advised by their health professionals on the benefits of regular physical exercises. Some of the benefits as indicated above include healthier heart, weight control and strong body. Based on this health expertise, I would like to do 45 minutes of weight training, five days in a week and 30 minutes of cardiovascular training, 5 days a week. Fundamentally, setting high goals at the start can demotivate my training program. For an excellent planning program of physical development, setting small goals and then progressing to more advanced excises is more appropriate. Essentially, it would be advisable to start with small goals like walking for ten minutes and then slowly build up to bigger goals like training for 30 minutes in a day for five days in a week. Planning a program of physical development As noted above, personal leadership and individual management are critical to personal training and physical activities to an individual. Individuals need to incorporate the influence of personal leadership, ability to keep commitments in order to achieve physical development and personal training programs’ objectives. For this purpose, one needs to be proactive and provide effective personal vision in the program. Planning for a physical development program thus is vital. Planning for money, time and increasing personal motivation is equally important in the plan. In addition, as indicated by Housh et al. (2003), understanding locomotion movements, non-locomotion skills and object manipulation skills is also critical. One needs to understand the basic c
Introduction Presentations are an integral part of communicating in a group setting. In making presentations, the use of presentation aids has been seen to contribute to the effectiveness of the presentation process. Owing to their great success in enhancing the presentation efforts, presentation aids have become so prevalent that sometimes they are seen to be synonymous to the very act of making a presentation. It has been noted that sometimes, the overuse of presentation aids degenerates the quality of the presentations as the aids distract the audience from the speaker and his message. It is therefore important that great care is taken to ensure that the usefulness of presentation aids is exploited fully without having their adverse effects affecting the quality of the presentation. As such, it is important to identify both the strengths and setbacks that are associated with the various presentation aids that are available. This paper shall set out to demonstrate that presentation aids have their inherent merits and demerits and that over relying on these aids may have a negative impact on the presentation. The paper shall begin by identifying the various presentation aids available and progress to give an in-depth look at the merits and demerits of using presentation aids. Types of Presentation Aids Presentation aids are defined as “supplementary audio and/or visual materials that help an audience understand and remember the content of a discussion or presentation” (Engleberg & Wynn, 2010, p.327). Presentation aids greatly increase the likelihood of the audience being receptive to the information being communicated. There exist different presentation aids that may be utilized by a speaker in a particular setting. The choice of presentation aid made may depend on factors such as: the constraints of the particular topic, the availability of the particular presentation aids and the cost of the aids among other factors. Some of the most widely used presentation aids are as follows. Arguably the simplest to implement and most inexpensive presentation aid is the flip chart. The simplicity with which this aid can be acquired and utilized makes it the most viable when cost has to be minimized and time is of essence. Flip chart
Introduction There has been stiff competition in the execution of business activities with each company implementing different and creative strategies to win over the market. The continuous advancement in technology has brought forth various new ways of handling various activities and issues in all field of business operations. Technology has improved communication and transport which are among the many aspects having close relations to business growth and expansion. Easy transport and communication has enhanced by technology has made more and more transactions to be undertaken. To ensure that the business survives the dynamic market forces in rendering its services to the customers and win more customers, there is need for proper strategic measures to be formulated and implemented. This essay seeks to analyze strategic management as implemented in the management of business operations so as to maintain good business performance and development despite the changes in market forces that may occur. A specific example of Bay hotels will be used to make the discussion real in pinpointing out areas where attention will be required as the hotels tries to make their presence felt in the around the national and around the world. Strategic management The history of an organization is usually important in checking the progress over the years. This usually helps in one being able to know the challenges a company has undergone and the way the challenges were handled then. The past challenges and successes usually form a platform for formulating new strategies depending on the future prospects. It also helps a company management to avoid repeating mistakes which committed in the past. For the case of Bay hotels, the past has witnessed an excellence performance. Bay hotels are located in Britain. There are eleven regions where Bay hotels are in England, three in Scotland and one in Wales. Some of the regions have up to four hotels making the total number of Bay hotels in Britain to be around 32. The Bay hotels are located in some of the best resort regions in the UK making them have a unique attraction to visitors. According to the company website, “Every Bay hotel has its own unique character and because we were the first to offer accommodation in many areas, you can expect out hotels to enjoy prime locations with some of the best views around” (Bay, 2009, p. 1). There are various strategy paradoxes that have different ways of approaching and solving problems. There are two main approaches to learning of strategies proposed by Abraham Maslow which are problem-driven and tool-driven (Meyer & Wit, 2005. p. 4). In prob
Warwick Anderson (2007) discusses that the indigenous health is related to the subjects of geography and colonization. The status of aboriginals involves a history of colonization and dispossession where subsequent struggle and adaptation to invaders and settlers is involved. Now we first have to understand the term ‘Colonization’. Colonization is the act of succession of the sovereignty of any other area, which later called a ‘colony’. In ancient time the Roman colonization expanded across three continents. Most of the famous European countries have been Roman colonies (Colonization, 2009). As the ideas develop, they provide with better glimpse of the whole background of colonization and dispossession, which rigorously damaged the whole health system of Australian aboriginals. The essay passes through the points how aboriginals were confined by European settlers to prevent killing diseases and what kind of life they had in those institutions. Later it talks about the role of the Social Justice Commissioner who protects the aboriginals’ rights. As the colonization expands, the infectious diseases also pass through the area where the colony is established. In this way the diseases are transmitted from one area to another area, from one group to another group. The colonization not only affected the health of the aboriginals but also it severely affected their well settled and successful economic system (Jan Ryan).Aboriginal people always lived with the land but the European settlers started to destroy the vegetation which was the aboriginal’s main source of survival (Dispossession and the frontier war, 2009). Warwick Anderson (2007) additionally states that the history of aboriginal health requires understanding of both the impact of colonization and the beginning of white nation-state. At the same time Warwick Anderson (2007 argues that it also needs to know about the dark side of these contacts, civilization and development. It necessitates the appreciation of the numerous propositions of the related processes such as integration, assimilation and self determination (Warwick Anderson, 2007). Dispossession had an effect on the health of the indigenous people as well. In Australia, the legal dispossession was direct and it was achieved before the European settlement. In 1770 James Cook captured the Eastern part of Australia to the British Crown and announced it Terra Nullius- no ones land. Aboriginals were severely affected with this by not having any legal right to their homeland. The British Crown hold the possession of all the lands except it was sold to any individual (Jan Ryan).Then the colonization started. Marcia Hewitt (2006) describes that it completely changed the life of aboriginal people in Australia as it affected their health adversely. It not only put influence on their traditional life style but also today it is considered as the most important issue for building poor the health status of Australian indigenous. Marcia Hewitt (2006) talks about that the meaning of health to aboriginal people is in contrast to the western meaning of well-being. Marcia Hewitt (2006) delivers th
Introduction Globalization has transformed economies around the world through the free movement of goods, resources, and capital across international borders. This trend has largely been characterized by the elimination of trade barriers (Hill, 2012). Consequently, economies have become more liberalized because of this development as people continue to benefit from the growth in employment opportunities, which has led to increased household income and the subsequent transformation of families and communities. However, recent social and political developments on the global stage have cast doubt regarding the future of globalization as it is known today. Notably, the 2016 election of President Donald Trump in America and the United Kingdom’s (UK) exit from the European Union (EU) through a popular referendum have painted a gloomy picture on the future of economic integration in the world. This paper demonstrates that these developments in the business environment have made the world less globalized. Evidence of the growth of economic nationalism and anti-immigration sentiments will be provided in this study to support this position and the implication of this trend on businesses performance outlined in the end. Economic Nationalism Economic nationalism refers to the promotion of state-interventionist policies over other market considerations in economic management. This movement is associated with st
Introduction Nowadays, the role of unions in society is great indeed. People want to gather their opportunities and skills in order to create appropriate groups and promote their ideas to improve the quality of life. Each union is a kind of democratic organization the members of which support an idea of improving the working conditions by means of a number of voices which should have certain power. It is hard to define why one particular union is powerful and another group of people is not able to organize the work accordingly. The point is that administrative changes which take place in unions, organizational activities, and impediments may be of different nature, and each union has to consider its own possibilities to overcome the challenges and create appropriate conditions for development. In this paper, the conditions under which the International Brotherhood of Electrical Workers (IBEW) union has to be developed will be evaluated. The chosen local union, IBEW-1250, serves South Dakota and some parts of Nebraska from 1941 (“Local # 1250”, n.d.) and has a number of positive and negative aspects. Its strengths lie in the abilities to create good leadership, introduce appropriate financial practices, make use of growth strategies, and organize constructive membership meetings. However, there are also some weaknesses which show that company’s administration has a number of goals to strive for. They are as follows: involvement of members to union’s activities and promotion of the required union’s culture among its members. The current administration of the International Brotherhood of Electric Workers 1250 shows how it is possible to improve the conditions under which the union may exist; still, the evident weaknesses prove that the union has a number of steps to be taken to achieve better results and create the atmosphere under which the impediments such as poor control of members’ involvement or wrong attitude to union’s culture may be overcome by means of proper placement of local resources as well as communication methods and meetings’ organization. About the International Brotherhood of Electrical Workers According to Clark (2009), union effectiveness is considered to be rather complex and highly dynamic concept by means of which three aspects of the union are evaluated: the possibility to organize new members, evaluate the outcomes of the collective efforts, and consider the effects of the union on society (p. 6). The IBEW is the union that strives for effectiveness and tries to attract the attention of society by a variety of means. The peculiar feature of the union is that it is still considered to be one of the oldest electrical unions in the whole world those purpose is to make uses of the skills of each member in order to create better life for every
When purchasing a financial asset, the buyer looks into various facets of the product. One of the primary areas that affect the purchasing decision of the buyer is the price. Therefore, understanding what affects the speculative element of the price and how it can be derived is important, as the decision to purchase the asset will depend on it to a great extent. With most financial assets there is a speculative element associated with the risk associated with the asset. For instance, the price component that of the financial asset that is part of hedging is considered as a risk aversion or minimization strategy. In order to understand the real value of an asset, the investor looks into the fair value of the asset calculated in accordance with the US GAAP. According to this, the price at which two willing parties are ready to purchase an asset at a definite price is called the fair price. Therefore, the price at which the asset has maximum liquidity is considered to be the fair price. This price is an important consideration for the investor who intends to purchase a particular asset. It is important for investors to keep in mind that the prices of assets are determined through a demand supply mechanism, as this will determine the value of the asset in future. As this is a competitive process, individual buyers or sellers will have little or no control over the prices. Hence, the investors have to undertake certain amount of risk while making the investment. This is the consideration that all investors must consider as assets hold a certain degree of speculation. Thus, investors usually are sensitive to shifts in prices, making the asset market volatile and prone to investor sentiments. Works Cited Dash, Shailesh. Map variables values for portrait image Dynamic portfolio management in volatile markets . 2015. Web. Jourovski, Alexei. The benefits of active risk management in volatile markets. 2013. Web. Wiedemer, Robert. Five Reasons for the Stock Market Crash and Zero Interest Rate Read more: Five Reasons for the Stock Market Crash and Zero Interest Rate Important: Can you afford to Retire? . 2011. Web.