Blockbuster Business Analysis - 1092 Words

Table of contents 1 Introduction The rental movie market is a high competitive and dynamic market, dominated for several years by Blockbuster, with its pioneer business model of delivering convenience to the costumers looking for home entertainment. The company was a model for the industry during the 80’s, 90’s, but with the new age of online movies, the consumer behavior changed drastically, and other companies, as Netflix and Redbox, providing online content and innovative services, started to dominate this new market. Nowadays, Blockbuster’s business model seems to be obsolete, since the company could not keep up with the changes, almost closing the doors in 2010 when a bankruptcy process was open, the†¦show more content†¦This report will be showing below the SWOT Analysis for Blockbuster: 4.2 GAP Analysis The GAP analysis consists in a framework describing, and identifying the major changes and solutions, for what the company are pursuing to achieve with the new strategy. The chart below presents the GAP analysis for Blockbuster, considering the needs for the new business online model: 4.3 Cost-Benefit Analysis According to Wikipedia, Cost-Benefit Analysis â€Å"†¦ is a systematic process for calculating and comparing the benefits and costs of a project, decision or policy.† The main objective is to justify investments, and to provide a basis for projects comparison and analysis. For Blockbuster, the main strategic changes are related to prepare the company for the new online market, and the chart below will be presenting the main solutions/initiatives for it: 5 Conclusion This report showed that theShow MoreRelatedEnvironmental Impact Analysis: Analysis of Blockbuster Llc1128 Words   |  5 PagesBlockbuster revolutionized the video rental industry. Founded in 1985, by David Cook, the company became the leader of the video chain industry by 1988 (Wooldridge, B. R., Matulich, E., Riddick Jr., J. C. 2007; â€Å"First Blockbuster,† 2012). However, by September 2010, Blockbuster filed for section 11 bankruptcy (Ahmed, 2011). The external changes in the market forced Blockbuster to reassess its business model and ultimately lead to the bankruptcy decision. An analysis of Blockbuster’s organizationalRead MoreBlockbuster Netflix Case Analysis1533 Words   |  7 PagesDEPARTMENT OF ACCOUNTANCY MEMORANDUM SUBJECT: Blockbuster/Netflix Case Analysis Introduction In this memorandum, I will analyze the competitive environment that Blockbuster and Netflix faced, state the key income statement and balance sheet accounts for each firm and use ratios (including DuPont model) to draw comparisons between the two firms in 2008. Competitive Environment Blockbuster is an American-based chain of VHS, DVD, Blu-Ray, and video gameRead MoreBlockbuster Case Analysis Essay1003 Words   |  5 PagesBlockbuster Case Analysis I. 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By failing to innovate with their digital, the business, it’s high rents and overheads started to lose ground to DVD postal services and early stage streamingRead MoreBlockbuster Case Analysis1311 Words   |  6 PagesPoint of View The group decided to view this case as potential investor of Blockbuster Entertainment Corporation Case Context Blockbuster Entertainment Corporation reported posted earnings in 1998 of $15,498,000 on revenues of $136,893,000. This resulted into a net income per common and common share equivalent of $.58 earnings per share. (Exhibit 2) A closer look at figures posted for the periods ending 1997 end 1996 would show a dramatic increase in revenues and its equivalent earningsRead MoreSummary of Major Risks and Factors that Blockbuster has Faced and Will Face in the Future517 Words   |  3 PagesSummary of Major Risks and Factors that Blockbuster has Faced and Will Face in the Future The purpose of this case study analysis is to summarize major risks and factors that Blockbuster has faced and will face in the future, and to recommend how Blockbuster should prepare and set their business strategies to gain competitive advantage and market share in their industry. In the early days of the establishment of Blockbuster, the CEO of their company set up a good image ofRead MoreBlockbuster Analysis : Blockbuster Llc1616 Words   |  7 Pages Blockbuster LLC Ethan Yoo HMD 307 Blockbuster LLC Introduction Blockbuster LLC first came into existence in 1985 as Blockbuster Video in Dallas, Texas. Its founder, David Cook was a computer programmer whose experience was helpful in inventory activities and in determining which genres of films were the most saleable and rentable. Soon shares in the firm were purchased by a firm called Waste Management, which then initiated the company’s expansion, believingRead More Blockbusters Place in the Current Movie Rental Market Essay1411 Words   |  6 Pagesinternet hurt Blockbusters dominance in the movie rental business and if it has what will they have to change in their business plan to regain their market shares? This case has studied the influence of new technologies for delivering movie rentals along with downloading movies directly to your television at home without a customer even getting off their couch. It also examines the impact DVD recorders are going to have on Blockbusters main products like DVD players and VCRs. The case tal ks about

Effects of Lack of Education - 627 Words

Effects of Lack of Education Intro: Thesis: Lack of education keeps a people oppressed In the Narrative of the Life of Frederick Douglass: An American Slave, Frederick Douglass portrays to the readers how lack of education can keep a people oppressed. Frederick Douglass believed that all men are created equal, and he also knew that people must make themselves what they want to be. Because of this fact, Frederick Douglass discovered that education and self-improvement were extremely important aspects in a slave’s journey to freedom. According to Frederick Douglass, the worst thing about slavery was that it prevents a people form improving themselves through education. Frederick Douglass said, â€Å"Once you learn to read, you will be forever free†. Frederick Douglass strongly believed that lack education was the primary component that kept slaves in bondage. Frederick Douglass strived towards expanding his knowledge though reading and writing. The white slave owners were aware of the power of education; therefore they kept their slaves ignorant. In Dougla ss’ narrative, he talks about how his mistress in Baltimore began teaching him to read. His slave master becomes outraged upon finding out that Douglass is being educated. He says, If you ever teach that nigger how to read, there would be no keeping him. It would forever unfit him to be a slave, (Douglass, 31). Douglass’s master was aware of the fact that education is vital; education is freedom. He refers to this as, theShow MoreRelatedExtreme Poverty : Causes, Effects, And Solutions902 Words   |  4 PagesExtreme poverty is an issue in many countries all over the world. There are several causes, effects, and solutions to this issue. Extreme poverty is living on under two dollars a day, migration, violence, lack of education, diseases, starvation and exploitation. Colombia is a country where there are people living on two dollars a day. 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Business Intelligence with Data Mining Free Essays

Business Intelligence with Data Mining Abstract Banking and finance institutions are growing very fast in this globalization era. Mergers, acquisitions, globalization have made these institutions bigger. No doubt, the data also grow real huge and more varied. We will write a custom essay sample on Business Intelligence with Data Mining or any similar topic only for you Order Now Big data storage such as data warehouse and data marts are provided to give a solution on big data storage. On the other sides, those data are needed to be analyzed. Business intelligence finally comes in as a solution in analyzing those huge data. Business intelligence especially with data mining can create a solution in further decision making. With various tools and techniques, data mining has been proven in many aspects of business. Hidden informations that stored inside either data warehouse or data marts can be gained easily. In example, those hidden informations are market and economy trens, competitor trends, competitive price, good products and services and also can provide better customer relationship management. There is still one benefit in business intelligence with data mining that this paper will focus on, i. e. risk management and frauds and losses prevention. One of product from banking and finance institutions is credit loans. It is really a high risk business, but with business intelligence with data mining especially classification and clustering techniques, it can be maintained and implemented safely and of course with low risks, minimized frauds and losses and increased profits and revenues. Keywords : Banking and Finance, Business Intelligence, Data Mining, Risk Management, Credit Loans Introduction Banking and Finance institutions are growing rapidly nowadays. For one institution, there are more than one offices or branches in one country or even in different country. Globalization, mergers, acquisitions, competitions, market changes are some of the reasons behind why are they growing fast. As those banking and finance institutions grow, so do the data. In this case, banking and finance institutions probably have much more data than other institutions. Every single customer or people has one or more accounts in one institution or more. The challenge is how to maintain those data easily, how to make good decision among those data, how to create good product for customers and how to retain good customers that can bring much more profits and increase revenues. For those that can not maintain data and make a decision for further movement without analyze the data before will find it hard to be success or even lose in competition with other banking and finance institutions. Some of key success factors in banking and finance institutions, such as : 1. Customer satisfaction Good customer management and good product are the key to satisfy customer. If the institution could manage the customer well and offer good product that can produce benefit to both sides then it will guarantee customer will be very satisfied. 2. Customer loyalty There is no guarantee that satisfied customers will be loyal. Strategies and tactics are needed to retain those customers. 3. Increased profit revenue Similar with business institutions, gaining profit and increase revenue are the most important thing. 4. Minimal risk With many customers, banking and finance institutions need to analyze the risks that probably could happen. Not all of customers are good customer. Fraud or loss might happen. 5. Readiness for new markets to increase customer Markets are changing rapidly. Winning the competition means winning the customer. Offered products are the key here such as higher interest, free admin cost etc. 6. Efficiency of operations Since banking and finance institutions have several branches and many customers, the challenge is to make operations in daily transactions become efficient. Problems in Banking and Finance Institutions Similar with other institutions in business, banking and finance institutions also have some of problems in their business. Below are some of those problems : 1. Separated data instance Data are separated through branches all over the place. The banking and finance institution will find it hard to collect and analyze the data. This will also impact in decision making because decision should be made after analyzing all of the data. . High risk Banking and finance institutions have many customers and not all of those customers are good customer. Need to find out whether the customer is realible or not. 3. How to detect fraud and prevent loss Frauds and losses might happen in banking and finance institutions. Fraud in credit loans will cause loss to the institution. 4. How to create good customer relationship To compete in the market and winning customer, banking and finance institutions need to create good customer relationship to satisfy customers and make them loyal. 5. How to create good product Product is one the aspect that customers consider. Create a good product and can compete with others product will impact in customer winning. 6. How to find the hidden information inside those data to ease the decision making Huge data are needed to be analyzed and there are some hidden informations in those data that could affect the decision maker in making the decision. If the decision made is crucial one, it could lead to future success. Business Intelligence Business Intelligence can be defined as an ability of an enterprise to comprehend and use information in order to increase the performance. Business intelligence has several activities, procedures and applications. Some of those that mostly used are : Data Warehousing, Data Marts, OLAP Tools, tools for Extract Transform and Load (ETL), Information Portals, Data Mining, Business Modelling, etc (Katarina Curko, 2007). Business Intelligence can also defined as the process of gathering high-quality and meaningful information about the subject matter being researched that will help the individual(s) analyzing the information, draw conclusions or make assumptions (Muhammad Nadeem, 2004). In this paper, we shall focus more in data mining. Data mining works with data warehouse and data marts for data storage and extract transform and load (ETL) tools. Some of advantages by using business intelligence with data mining: 1. Gain profit and revenue for enterprise With business intelligence, the enterprise can gain the data access easily and integrated inside data warehouse data marts. So the enterprise can service customers better and quicker which will impact in profit and revenue increment. 2. Decision making With data mining in business intelligence, the enterprise can gain the hidden informations in those huge data and can make quick and easy decisions. . Expand the market segment With the ease of decision making, the enterprise can make decision in markets such as price, discount, etc which will impact in winning the market competition. Data Mining Data mining refers to computer-aided pattern discovery of previously unknown interrelationships and recurrences across seemingly unrelated attributes in order to predict a ctions, behaviours and outcomes. Data mining, in fact, helps to identify patterns and relationships in the data (Bhasin, 2006). Some of goal examples in using Data mining: 1. Forecasting market price With data mining, enterprise can predict the market price and decide on the best price to compete the price in market. 2. Cross-selling and up-selling analysis Data mining can be used to analyze market based on products. It means enterprise can make cross-selling or up-selling to their products to optimize or increase the sales. 3. Profiling customers Data mining can be used to segment customers depends on the category. For example we categorize customers by their profit or revenue. 4. Manage customer retention Not only enterprises data, data mining can be used to manage customer data which will impact in better customer relationship management. [pic] Figure 1. Overview of Business Intelligence with Data Mining Source of data that we shall process come from various sources such as customer data, market data, transaction data, product data, service data etc. As mentioned above, those huge and heterogeneous data will be stored in data warehouse and data marts. Before entering either data warehouse and data marts, those data will be extracted, cleaned up and sometimes transformed into different types of data. Then it will load the results into data warehouse and data marts. In this data warehouse and data marts, the data will be stored. Once the user want to analyze the data using data mining, the system will gather the data stored in data warehouse and data marts. With some of slicing and dicing techniques, data mining process the required data and resulting in enterprise reports. With these reports, management of enterprise then decides what to do next. Data Mining Techniques According to (Larissa T. Moss, 2003), data mining itself has many models and various methods in analyzing data. When to use one of these models or methods depend on the requirements. Below are some of those models or methods : †¢ Associations Discovery Is used to identify the behaviour of specific events or processes. Associations discovery links occurrences within a single event. Example of use in discovering when a person buys a toothbrush then may also buy a toothpaste or a person buys a cigarette may also buy the lighter. †¢ Sequential Pattern Discovery Is similar to associations discovery except that a sequential pattern discovery links events over time and determines how items relate to each ther over time. Example of use in predicting a person who buys a couple sets of computer may also buy a switch or router within three months. †¢ Classification Is the most common data mining technique. Classification looks at the behaviour and attributes of predetermined groups. Data mining tool can classify to new data by examining the existing data that has been classified before. Ex ample of use in classifying characteristics of customers. †¢ Clustering Is used to find different groupings within the data. Clustering is similar to classification except that no groups have yet been defined at the outset of running the data mining tool. Clustering divides items into groups based on the similarities the data mining tool finds. Clustering is used for problems such as detecting manufacturing defects or finding affinity groups for credit cards. †¢ Forecasting Is used to forecasting market or forecasting products in manufacturing enterprise. Comes in two types: regression analysis (predict future based on whole past trends) and time sequence discovery (predict future based on time-dependent data values). Business Intelligence in Banking and Finance Banking and finance in this paper, is the institution that require to adapt in globalization, flexible in market, keep growing, create innovations to gain more customers that will increase profit and revenue. The challenging questions is how to achieve those requirements. Those institutions also do risk management to handle frauds and losses. With high profit and revenue, it will be useless if the institution can not handle possible risks, in this case frauds and losses are the most possible risks. They need customers but after customers increased so do the risks. So the possible way is to manage those risks. The same question as above, how to make the risk management easily and cover up all the risks. With business intelligence, all of those things can be achieved. Banking and finance institutions can depend on business intelligence in many aspects. Efficiency of analyzing the data, detection of frauds and losses, risk management, customer management and product management are some of these aspects. Striving for success, banking and finance institutions always trying to create new innovation either in products or services. Mergers and acquisitions have inevitable made those institutions have really huge and heterogeneous data. Impossible to maintain those data without new technologies (Katarina Curko, 2007). Using Data Mining as Solution in Credit Loans for Banking and Finance As mentioned above, this paper will focus more on data mining in business intelligence. After discussing the benefit of business intelligence in banking and finance institutions, at last we go to the last important question, how to extract the hidden informations from those huge and heterogeneous data. In this section, we shall focus more on how to predict frauds, losses and risks that might happen in credit loans. Being able to predict risks, frauds and losses are the main concern these days in banking and finance institutions. Credit loans nowadays have been growing rapidly. Almost every single shop or business center allows payment with credit card, but we shall focus more on credit loans such as loan for business, vehicle etc. Credit loans have been the most interesting product for banking and finance institutions. Many customers are looking for credit availability to help them financially. With the credit interests, the banking and finance institutions gain profits. Quite interesting business when they can offer credit and gain the profit from the credit interests, but the most important question is how to guarantee that the customer is a good one or at least make sure the customer will pay back including the credit interests so those institutions will not get frauds and losses. We can say to prevent frauds and losses is a kind of risk management. Risk management really is a crucial step to do especially in banking and finance institutions. Risk management in banking and finance institutions itself covers many aspects such as liquidity risk, operational risk and concentration risk. Today, integrated measurement of different kinds of risk (market and credit risk) is moving into focus. These all are based on models representing single financial instruments or risk factors, their behaviour, and their interaction with overall market (Dass, 2006). We shall focus more on credit risk. Credit risk assessment is key component in the process of commercial lending (Dass, 2006). The institution has money to lend but to decide which customer or borrower is not an easy matter. We shall learn more about the customer or borrower, find their background, their market transaction, their current income, and in more extreme way is learning their current life. To make those tasks possible, we can use classification or clustering in data mining technique. These data mining tools can provide a grouping of customer or borrower. Let’s say there are three groups of customer or borrower that we want to manage. First, high valued customers, middle valued customers and low valued customers. Before put customers into those groupings, there are many things to consider and analyze. Different institutions use different kinds of classification and analysis. But in general, things to consider and analyze are customer background, customer history transaction, customer credit history, customer account at another banking or finance institution, customer income. Those are from credit customer or borrower perspective. They also consider and analyze market and economy trends to calculate and manage the possible profit gained before make a decision to lend or give the credit. [pic] Figure 2. Overview of Data Mining Process (Classification Clustering) in Credit Loans With these data mining tools, the analyst from those institutions can easily decide to approve the credit or not. Logically, analyst or management inside institutions will decide to lend or approve the credit requested by customers in high valued customer then it goes down until low valued customer. But not all decisions are correct, many aspects can cause wrong decision such as incomplete data or unconsistent data of customers, market economy trends changing, or other aspects. But these tools surely help a lot to do risk management in credit loans which will impact in minimized rauds and losses and increased profits and revenues. Conclusion Banking and finance institutions have so many products and services offered to customers. One of those are credit loans. Credits that offered to customers or borrowers are not directly approved if one of the customer or borrower makes a request of credit. Many aspects to consider and analyze. With business intelligence especially with data minin g including data warehouse and data marts, those important aspects are collected, stored and analyzed. Specifically we use a couple of data mining technique i. e. classification and clustering. The purpose is to group the customer or borrower into groups that are easily to read and analyzed by institution analyst or management to ultimately decide to approve the requested credit or not. In this paper we suggest three groupings of customers or borrowers such as high valued customer, middle valued customer and low valued customer. Analyst or management also analyze the market and economy trends beside customer aspects. In the end, these business intelligence and data mining tools are used to ease in decision making to make the best decision for whole enterprise. References Journals: [1] Dass, R. (2006). Data Mining In Banking And Finance: A Note For Bankers. Indian Institute of Management, Ahmedabad . [2] Katarina Curko, M. P. (2007). Business Intelligence and Business Process Management in Banking Operations. Information Technology Interfaces . [3] Muhammad Nadeem, S. A. (2004). Application of Business Intelligence In Banks (Pakistan). CoRR . Textbooks: [1] Bhasin, M. L. (2006). The Chartered Accountant, Banking and Finance, Data Mining: A Competitive Tool in the Banking. Oman. [2] Larissa T. Moss, S. A. (2003). Business Intelligence Roadmap: The Complete Project Lifecycle for Decision-Support Applications. Addison Wesley. How to cite Business Intelligence with Data Mining, Papers

My Educational Goals and Future Aspirations Essay Example For Students

My Educational Goals and Future Aspirations Essay With humility and hopefulness, I apply for the Dream Fund Bursary. My name is Kayla Lajeunesse. I am currently in grade 12 attending Frank Hurt Secondary, an inner-city school in the Newton neighbourhood of Surrey, BC. I have an Honour Role standing, and maintain active involvement in my school and community. In everything I do, I feel the need to push beyond my capabilities, to reach above and beyond. Since I first began school, Ive enjoyed it. From kindergarten to grade 7, I attended George S. Vanier Elementary in the Surrey School district. In grade 8, I transitioned into Frank Hurt Secondary, the nearest high school. Over the last five years at Frank Hurt, I have not only enjoyed school, but learned to take it seriously as an opportunity to enrich my future. From Planning 10, I have realized that education is the path to a good life. Your whole future depends on it. I knew immediately that I wanted to pursue post secondary Education. Last year my passion for continuing education was further inspired by my experience in a concurrent studies course at Kwantlen Polytechnic Universitys Surrey Campus. I believe in lifelong learning; I believe if you are not learning, whether it is ËÅ"life learning or formal schooling, you are not living up to your highest potential. I have had many constructive influences that have shaped my enthusiasm for social work. I believe that the role of a social worker can make a difference. Even if it is a small thing, like helping to get dental work, or advocating for the betterment of the child. If you are a social worker you have the privilege to empower strong decision-making that can help enhance a childs life. I want to be a life advisor, a fearless women, and a life-saving person. As I consider where to pursue my post-secondary education I have shared many conversations with people I trust. With confidence, I have decided to work towards a career in social work. After discussing possible options with family, teachers, social workers, youth workers and counselors it became clear that social work aligns with both my values and skills. Intent on making this dream possible, I have already applied to the University of the Fraser Valley. This decision enables me to stay within a short distance from the school, and maintain proximity to family. I value both my time and family, and these considerations are central to my decision. In the future, I want to be a social worker in order to give back, and help kids. Over the last three years, I have had my share of foster parents and social workers that have not had time or resources to meet my needs. I do not want to sound like social workers do not care, I understand that these are many issues within the system that prevent social workers from doing the job right. Because of my experiences, I hope to be the type of social worker that wants to be there; that takes the time to listen; that gets to know the children; and advocates for a system that will benefit everyone in the end. I have seen first hand children that have been exposed to traumatic experiences. Some children have needs that arent being met and this leaves me in heart wrenching pain. To see someone go through such a significant struggle inspires me. I have been there, with nothing: My only wish is to give back what I have been given. Because of my experiences, I will be the type of social worker that wants to be there; that takes the time to listen; that gets to know the children; and advocate for a system that will benefit everyone in the end. My Challenges and Obstacles For the last three years, I have been in the foster care system. Before then, I lived in an abusive home and spent my grade 8 year living out of a car. During this time, my mom would bring me to her friends houses to shower, and once left me at a classmates house for three weeks. Some days I missed school because she could not afford the bus fare to get me there. Essay On Character In Ragtime El DoctorowMore than a motivating form of exercise and art, the team environment of cheer has enriched my understanding of sharing space with others. Understanding how to physically and socially work together is an important part of a successful cheer team. I have been captain of my school cheer team for the past two years and my community cheer team for the last seven. As captain, I model the skills of cheer as a sport and model communication that builds community and respects my teammates. I have noticed that the way that the senior cheerleaders treat the team and sport shapes the development of the juniors. Perhaps my greatest achievement is the strong mentor relationships I share with my foster siblings. I have been a supportive shoulder for my younger foster siblings. I have seen first hand children have needs that are not being met. This leaves me in heart wrenching pain. To see someone go through such a significant struggle inspires me. The children in the care home that I am living in have to fight the temptation each day to conquer their self-limiting beliefs because it is just that, that keep them from achieving their full potential. I take on the role of big sister for them, I care about and for them: I advocate for them. The children of my community are a part of me. Recognizing my strengths as a peer mentor, my current youth worker encouraged me to volunteer at Options Community Centre. It is a place where children can go and connect with youth in a safe and supportive environment. From baking to reading, and conversation to play I developed healthy relationships with the children in the community. My experiences growing up have given me unique insight into how important even the simplest childhood experiences are. I have harnessed my own power to create good things for myself and my community and I am honoured to have had the opportunity to pass them on. Over the last year, I have volunteered in Morgan Heights Crossing, a local seniors residence. One particular resident at Morgan Heights Crossing suffers from dementia. One afternoon, I was lost in a constant struggle solving mathematical problems and this female resident spoke eagerly asking what I was doing, and if there was anyway that she could help take some of the pressure off. She mentioned that she had been a high-school math teacher for many years. She explained how teaching math is something that she has always had a passion for. Helping me work through the problems, I succeeded in finishing my worksheet. To me, it was a struggle, and for her it needed to be fixed. Experiences like this give me hope that I will be able to share my gifts and passions. What began as service I was giving became a lesson I received. Through all my service, I notice my own growth and acknowledge the gifts others have to offer. The diversity of my experiences and successes continue to shape who I am. Along with the experiences I have shared, I have been a peer tutor in the BASES special education class; involved in Cadets, Global Issues Club, Run for Cancer; and as volunteer with EJS School of Fine Arts Musical Theatre. I value all the opportunities I have had to enrich my life and contribute to others. I look forward to continuing to develop my sense of self, recognizing that the successes and achievements I gain are gifts I can share back with my community.

Make My Own Hotel on Bali Island

Targeted Market Segment Foreign tourists Since Bali Island is located in Indonesia, a customer segment that would be easily attracted is foreign tourists from all over the world. Foreign tourists would be appealed by the diversity of arts and culture which are preserved in an exotic fashion in Bali Island (Oxford Business Group 125).Advertising We will write a custom assessment sample on Make My Own Hotel on Bali Island specifically for you for only $16.05 $11/page Learn More Foreign tourists travel around the world in search of such places so that their holidays can be spent in an interesting and explorative manner. Foreign tourists are targeted since the natural features found in the Indonesian Island would appeal greatly to their holiday needs. Characteristics of foreign tourists This customer segment includes people from different ages, but especially older adults who are from the working class. The targeted age group includes travellers who have a stable source of income and maybe families. The need for quality services Extravagance Willingness to spend so as to get the best services and the need for a relaxing atmosphere. They normally search for a place they can go to take a break from the busy lifestyles that they lead in their countries. These will make the location of IndoBali Hotel ideal for this customer segment since Bali Island is in an isolated place away from civilization and the hustles of city life. Furthermore, the social, cultural, artistic, religious and hospitable people create an experience of a lifetime for foreign tourists who cannot find these aspects in other luxurious destinations or in their home countries (Richards and Hall 179). Food and Beverage Operations The IndoBali Hotel will include two restaurants that are needed because the expected visitors will be from different cultures and backgrounds. People from various regions in the world eat different foods. For instance, the Japanese mostly eat shr imps and sea foods while Indians eat spicy foods. One restaurant will therefore be themed and will specialize in preparing exotic foods. This restaurant will be decorated with wooden frames and will have a capacity of 100 seats. It will have an international presence including artwork from Asia, Africa, Europe and America. This will also be a fine dining restaurant that will cater for the needs of foreigners who might prefer their local cuisines even while on holiday. The prices of foods in this restaurant will be higher than those charged in the other food joint and will range between $15 to 35 for adults and half for children below 12 years. This strategy will aim at encouraging tourists to eat the local foods that are eaten by the Indonesian people.Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The beverages sold here will include popular brands like Coca Cola, Pepsi, Smirnoff, Vi ceroy and fruit juices. The second food and beverage establishment will specialize in local 3 course meals including foods and beverages and will be operating throughout the day as long as there are visitors spending in the hotel. Wit a capacity of 200 seats, this restaurant will serve dishes such as Indonesian snacks like warung, siomay and batagor (Holzen, Hutton and Arsana 24). The foods will also be spicy since the Indonesian people like hot foods. Other Indonesian delicacies include banana wrapped fish, vegetable salads with sweet peanut dressing, broth soaked noodles, fiery curries, sambal, Soto and satay. The prices of these delicacies will be cheaper than what is offered for the foreign meals so that tourists are influenced into trying out the Indonesian foods. The Indonesian beverages that will feature in this restaurant’s menu will include: Bintang, Anker, Es Kelapa Muda, Es Cincau, Es Milo and Happy Soda (27). This restaurant will have meals and drinks sold cheaper as compared to the themed restaurant and will include a charge of between $10 to 20 for adults and half for children below 12 years. This strategy aims at ensuring that tourists experience the Indonesian culture when they visit our hotel in Bali Island. Services and facilities Our hotel will also include a gym, bar and swimming pool. These aim at making the hotel a one stop shop for visitors. Since the objective of tourists who visit various destinations is to have fun and relaxation, all these services will come in handy. The gym will include equipment such as that for aerobics, weight lifting, benches, dumb-bells, battling ropes, flooring, mats, exercise bikes and treadmills. This equipment will ensure that visitors do not leave the hotel having gained extra weight unnecessarily.Advertising We will write a custom assessment sample on Make My Own Hotel on Bali Island specifically for you for only $16.05 $11/page Learn More There will also be facilitie s for yoga since this is part of the religious culture of Indonesians. Foreign tourists will get to experience yoga if they visit our hotel. There will be a bar within the hotel which will serve alcoholic drinks. This bar will operate 24 hours and will only serve alcoholic drinks to adults. There will be a strict policy about those who the drinks will be sold to so as to avoid law suits involving minors. The bar will be spacious so as to accommodate a dance floor. Most of the popular alcoholic brands will be sold here such as Viceroy, Smirnoff, Martini, Sex on the Beach, Margarita, Pin Colada, Pina Colada and Long Island Iced Tea. The hotel will include a luxury swimming pool that is shaped like the letter B. There will be a large deep end pool that will serve adult swimmers. There will also be a smaller adjacent shallow end pool that will be for young kids who do not know how to swim. Floaters will be provided and there will be a trainer who will keep watch of swimmers so as to han dle the need for swimming lessons or emergencies such as drowning. There will also be coaches besides the pool for swimmers to bask in the sun if they do not want to get into the water. The Mission Statement The mission statement sets out the objectives that are aimed at by an organization. For IndoBali Hotel, the mission statement will read as follows: â€Å"To be Indonesia’s leading guest resort and to become the most visited hotel in the South Pacific within the next five years.†Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This mission statement will thereby define the short term and long term objectives of the hotel. The short term objectives will include strategies that aim at making the most number of guests visit the hotel within the shortest period of time. For instance setting up a functional organization structure and hiring the most qualified hospitality personnel in the hotel industry. These will ensure that the hotel is equipped with the necessary resources to make it the best run hotel in Indonesia. The long term objectives can include strategies such as expansion into other regions of the South Pacific such as Malaysia and Singapore. The philosophy of the hotel will define how stakeholders will be relating. The managers will be the top most employees and they will ensure that customers get value for their money through excellent customer service. The employees will be the servants who deliver the best quality services to the guests. Employees will be expected to uphold the highest degree o f professionalism when at work. The guests will be the important stakeholders in the hotel since without them the hotel would not be functional. The guests will be entitled to the most outstanding service from all the employees of the hotel. Finally the owners will be expected to provide the hotel with enough resources to make the hotel the best in the region. Guest service goal The guest service goal for IndoBali Hotel will be to increase the rate of return of customers so that 20% of the sales revenue will be from client loyalty within one year. The aim of the guest service goal will be to ensure that there is world class customer service at our hotel. There is need for IndoBali Hotel to set this aim so that the interaction of customers with the company is positive and ever improving. The strategies that are going to be used to achieve this include: Rewarding employees with a 2% bonus for every satisfied customer who leaves the hotel and comes back again at a future date. A motiv ated workforce always strives to perform highly and so a reward and recognition program would benefit customers directly as a result of excellent customer service provided. Offering 5% discount to guests who make return visits to IndoBali Hotel as well as free breakfast in the restaurant. This strategy will encourage guests to come back again so as to enjoy reduced rates of accommodation and meals. Employee training goal The employee training goal will be to ensure that IndoBali personnel acquire hospitality and equipment training within six months. There is need for every hotel staff to be able to operate the facilities that will be available at IndoBali Hotel. This will make all personnel competent enough to handle customer complaints and to carry themselves out with etiquette throughout. The strategies that will be used to achieve this within six months include: Making orientation training compulsory when new recruits are absorbed into the hotel. All the new employees who will be hired will have to undergo hospitality and equipment training so that all staff will be responsible for their own behavior while at work. Compulsory training will ensure that job satisfaction levels are high across different departments. Prioritizing training in the hotel agenda so that sufficient learning will have been given within four months. Planning with four months will ensure that by the end of six months all working personnel will be at par in as far as operating hotel facilities and equipment is concerned. Communication improvement goal The communication improvement goal will be to eliminate employee complaints about lack of internal information within three months. Efficient communication is crucial for the flow of information within organizations. Despite this, many employees complain that they get more information from the press as compared to what they hear from management. This communications improvement strategy is required to ensure that employees of IndoBali Ho tel pass and receive information to management in an organized and reliable manner. The strategies that will be used to achieve the communication improvement goal include: We intend to improve communication in IndoBali Hotel by involving employee representatives during board room meetings so that information can always reach employees fast regardless of the slowness of the formal communication channel that is used to disseminate information. At times memos and emails may be delayed due to unavoidable circumstances but if employee representatives are present in management meetings then information can circulate through the organization’s grapevine. To provide employee feedback forms every month for evaluation of working conditions and recommendations. These forms will enable employees to provide confidential information to the management on issues that affect them and possible solutions. Within the second month of implementing this goal, management will start acting on the co ncerns of employees and this will motivate personnel to provide more feedback. Works Cited Holzen Heinz, Hutton Wendy and Arsana Lother. The Food of Indonesia: Authentic  Recipes from the Spice Islands. Boston: Periplus Editions, 2001. Print Oxford Business Group. The report. Emerging Indonesia. London: Oxford Business Group, 2007. Print Richards, Greg and Hall, Derek. Tourism and Sustainable Community Development.  London: Routledge, 2003. Print This assessment on Make My Own Hotel on Bali Island was written and submitted by user Coen Sweet to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Cavendish Publisher Ltd Essay Example

Cavendish Publisher Ltd Essay Example Cavendish Publisher Ltd Essay Cavendish Publisher Ltd Essay The old view of the judges role, the so-called declaratory theory of law, was that they were merely declaring the existing law. Lord Esher stated in Willis v Baddeley26: There is no such thing as judge-made law, the judges do not make the law, though they frequently have to apply existing law to circumstances as to which it has not previously been authoritatively laid down that such law is applicable. The modern view is that judges do make law. Lord Radcliffe said: there was never a more sterile controversy than that upon the question whether a judge makes law. Of course he does. How can he help it? 27 The reality is that judges are continually applying the existing rules to new fact situations and thus creating new laws. Law must adapt to changing circumstances and Parliament can be slow28. Therefore, from any disadvantage you could always derive some positive elements. The making of law in decided cases offers opportunities for growth and legal development, which could not be provided by Parliament. The courts can more quickly lay down new principles, as the judges from time to time have to deal with cases of first impression or extend old principles, to meet novel circumstances. If a new event that has not been decided before comes to the court (original precedent), it is likely that the judge will look at cases which are close in principle and decide to use similar rules. This idea of creating new law by analogy can be seen in Hunter v Canary Wharf29. The interference with the reception on Hunters television because of Canary Wharf Tower having been built was likened to the case of Bland v Molselely30, in respect to the loss of a view. There has built up over the centuries a large quantity of cases that illustrate a vast number of the principles of English law. The cases exemplify the law in the sort of detail that could not be achieved in a long code of the Continental type. However, therein lies another weakness of case law. Its very bulk and complexity make it increasingly difficult to find the law31. Moreover, the advantage of certainty is diminished, as there are too many cases that seem really confusing. It is fair to say that judicial precedent has considerable significance within the laws of England, however it is important to see whether the significance is justified, and whether it is current position is adequate. Consistency plays a central role in justifying the decisions taken in particular case. Some believe that treating two cases in the same way can lead to the law being inflexible and rigid and a lack of freedom is formed. This to a certain extent is true but I feel that if two cases are very alike with just material facts being different, then they should be treated in the same way. This leads to fairness and certainty as mentioned previously. However, there are a lot of factors, which make it difficult to achieve consistency, as statements of law on a legal issue are usually made by more than one judge and a single judge make several stamens of law32. Practically any legal system has official hierarchies of decision-making, where superior courts have the power to resolve inconsistent statements of lower court judges. Therefore, there is a degree of inconsistency where the decisions delivered by different judges on certain points of law. In any cases, the rules of precedent do not explain why judges obey the rules of precedent. Neither do they indicate the degree of consistency that is likely to be precedent at any given time33. On the whole the advantages are outweigh the disadvantages and it the best system we have at the moment and still remains highly significant in English legal system. The Practice Direction of 1966 allows the Highest Court in the hierarchy to reverse previous decisions that helps to ensure that old and out dated rules can no longer apply to modern society. Due to the increase of case law the importance of judicial precedent will increase, as it will cover nearly every legal situation. It cannot be achieved by any codified legal system. Even though a part of British constitution has now been codified in statutes it only brings advantages. It can be referred to and it will be easy to see when someone breaches these rights. Before the Human Rights Act was made, citizens had nothing to back them up when they felt their rights as a citizen had been infringed apart from taking the case to the European Court in Strasbourg. Now, there are many different cases that allow citizens to do things they were never previously lawfully allowed to do. The Human Rights law is now entrenched in the UK Judicial system, and so it will be much more difficult to repeal an entrenched Act of Rights when there is a breach of basic human rights. It will be actionable directly in the UK courts. Word count: 3,905 1 Penny Darbyshire, English Legal System, 5th edn, Sweet Maxwell, p. 22 2 Gary Slapper David Kelly, The English Legal System, 6th edn. , Cavendish Publisher Ltd. , pp. 68, 89 3 J. Stone, The Ratio of the Ratio Decidendi, 22 Modern Law Review,1959, pp. 597-8

Discover Family History With Probate Records and Wills

Discover Family History With Probate Records and Wills Some of the most genealogically-rich documents on an individual are actually created following their death. While many of us actively search for an ancestors obituary or tombstone, however, we often overlook probate records - a big mistake! Generally well-documented, accurate, and packed with numerous details, probate records can often provide answers to many stubborn genealogical problems. Probate documents, in general terms, are records created by a court after an individuals death that relate to the distribution of his or her estate. If the individual left a will (known as testate), then the purpose of the probate process was to document its validity and see that it was carried out by the executor named in the will. In cases where an individual did not leave a will (known as intestate), then probate was used to appoint an administrator or administratrix to determine the distribution of assets according to formulas set by the laws of the jurisdiction. What You May Find in a Probate File Probate packets or files may include any of the following, depending upon the jurisdiction and time period: willsestate inventories, or lists of assetsappointments of executors or administratorsadministrations, or documentation of the distribution of assetspetitions for guardianship of minor childrenlists of heirslists of creditors or accounts of debts ...and other records considered to be important to the settlement of an estate. Understanding the Probate Process While laws governing the probate of a deceaseds estate have varied according to time period and jurisdiction, the probate process usually follows a basic process: An heir, creditor, or other interested party initiated the probate process by presenting a will for the deceased (if applicable) and petitioning the court for the right to settle an estate. This petition was usually filed with the court that served the area where the deceased owned property or last resided.If the individual left a will, it was presented to the court along with testimony of witnesses as to its authenticity. If accepted by the probate court, a copy of the will was then recorded in a will book maintained by the clerk of court. The original will was often retained by the court and added to other documents pertaining to the settlement of the estate to create a probate packet.If a will designated a particular individual, then the court formally appointed that person to serve as executor or executrix  of the estate and authorized him or her to proceed by issuing letters testamentary. If there was no will, then the court appointed an administrator or administratrix - usual ly a relative, heir, or close friend - to oversee the estates settlement by issuing letters administration. In many cases, the court required the administrator (and sometimes the executor) to post a bond to ensure that he would properly complete his duties. One or more people, often family members, were required to co-sign the bond as sureties.An inventory of the estate was conducted, usually by people with no claim to the property, culminating in a list of property - from land and buildings down to teaspoons and chamber pots!Potential beneficiaries named in the will were identified and contacted. Notices were published in area newspapers to reach anyone who might have claims on or obligations to the deceaseds estate.Once bills and other outstanding obligations on the estate were met, the estate was formally divided and distributed among the heirs. Receipts are signed by anyone receiving a portion of the estate.A final statement of account was presented to the probate court, which then ruled the estate as closed. The probate packet was then filed in the records of the court. What You Can Learn From Probate Records Probate records provide a rich resource of genealogical and even personal information about an ancestor which can often lead to still other records, such as  land records.Probate records almost always include: Full nameDate and place of  death Probate records may also include: Marital StatusName of spouseNames of children (and possibly birth order)Names of childrens spouses of married daughtersNames of grandchildrenRelationships between family membersClues to the  trade or occupation  of your ancestorCitizenshipResidences of your ancestor and living descendantsLocations (and descriptions) where your ancestor owned propertyFeelings of your ancestor toward family membersClues to the deaths of other family membersClues to adoptions or guardianshipsInventory of items owned by the deceasedClues to your ancestors economic standing (e.g. debts, property)Your ancestors signature How to Find Probate Records Probate records can usually be found in the  local courthouse  (county, district, etc.) that presided over the area where your ancestor died. Older probate records may have been moved from the local courthouse to a larger regional facility, such as a state or provincial archives. Contact the clerks office of the court where the person resided at the time of death for information on the location of probate records for the time period in which you are interested.