A List of Programming Contests and Challenges

A List of Programming Contests and Challenges Link to C TutorialsLink to C TutorialsLink to C# Tutorials Not every programmer wishes to test his programming skills in a contest but occasionally I get a new challenge to stretch me. So here is a list of programming contests. Most are annual but some are continuous and you can enter at any time. The experience of stepping outside your programming comfort zone is entirely beneficial. Even if you dont win a prize, youll have thought in new ways and be inspired to have another go. Studying how others solved the problem can also be educational. There are many more contests than I have listed here but Ive winnowed these down to ten that anyone can enter. Most important of all you can use C, C or C# in these. Annual Contests International Conference on Functional Programming (ICFP). This has been running for a decade and happens in June or July each year. Though its based in Germany, anyone can enter using any programming language, from any location. Its free to enter and your team isnt limited by size. In 2010 its from June 18-21The BME International is an intense free to enter contest that takes place in Europe once a year for teams of three, and you have to bring your own computers and software. This year, the 7th took place in Budapest. This has had some interesting challenges in the past- how about driving a car over a virtual terrain? Other past tasks included controlling an oil-company, driving an assembly line robot and programming for secret communication. All programs were written in one 24 hour intense period!International Collegiate Programming Contest. One of the longest-running  - this started in 1970 at Texas AM and has been run by the ACM since 1989 and has IBMs involvement since 1997. One of the bigger contests it has thousands of teams from universities and colleges competing locally, regionally and ultimately in a world final. The contest pits teams of three university students against eight or more complex, real-world problems, with a gruelling five-hour deadline. The Obfuscated C contest has been running for nearly 20 years. This is done on the internet, with email submissions. All you have to do is write the most obscure or obfuscated Ansi C program in under 4096 characters length according to the rules. The 19th contest took place back in January/February 2007.The Loebner Prize is not a general programming contest but an AI challenge to enter a computer program that can do the Turing test, ie talk to a human sufficiently well to make the judges believe they are talking to a human. The Judge program, written in Perl will ask questions like What time is it?, or What is a hammer? as well as comparisons and memory. The prize for the best entrant is $2,000 and a Gold Medal.Similar to the Loebner Prize is the Chatterbox Challenge. This is to write the best chatter bot- a web-based (or downloadable) application written in any language that can carry on text conversations. If it has an animated display that syncs with text then that is even better- you get more points! International Problem Solving Contest (IPSC). This is more for fun, with teams of three entering via the web. There are 6 programming problems over a 5 hour period. Any programming language is allowed.The Rad Race - Competitors in teams of two have to complete a working business program using any language over two days. This is another contest where you have to bring along equipment, including a router, computer(s), cables, a printer etc. The next one will be in Hasselt, Belgium in October 2007.The ImagineCup - Students at school or college compete by writing software applicable to the set theme which for 2008 is Imagine a world where technology enables a sustainable environment. Entries started August 25th, 2007.ORTS Competition. ORTS (open real-time strategy game) is a programming environment for studying real-time AI problems such as path-finding, dealing with imperfect information, scheduling, and planning in the domain of RTS games. These games are fast-paced and very popular. U sing the ORTS software once every year there is a series of battles to see whose AI is best. The International Obfuscated C Code Contest (abbreviated IOCCC) is a programming contest for the most creatively obfuscated C code. It started in 1984 and the 20th competition started in 2011. Entries are evaluated anonymously by a panel of judges. The judging process is documented in the competition guidelines and consists of elimination rounds. By tradition, no information is given about the total number of entries for each competition. Winning entries are awarded with a category, such as Worst Abuse of the C preprocessor or Most Erratic Behavior, and then announced on the official IOCCC website. Theres no prize except if your program is featured on the site then you won!Google Code Jam. Running since 2008, its open to anyone aged 13 or other, and you or a close relative dont work for Google or a subsidiary country and you dont live in a banned country: Quebec, Saudi Arabia, Cuba, Syria, Burma (Myanmar). (The contest is prohibited by law). Theres a qualification round and three oth er rounds and the top 25 travel to a Google office for the Grand Final. Continuous or Ongoing Contests Hutter Prize. If you can improve on the compression of 100 MB of Wikipedia data by 3% or better then you can win cash prizes. Currently, the smallest compression is 15,949,688. For every 1% reduction (minimum 3%) you win â‚ ¬500.Project Euler. This is an ongoing series of challenging mathematical/computer programming problems that will require more than just mathematical insights to solve. computationally the problems should be solvable in less than a minute. A typical problem is Find the first ten digits of the sum of one-hundred 50-digit numbers.Sphere Online Judge. Run at Gdansk University of Technology in Poland, they have regular programming contests - with over 125 completed. Solutions are submitted to an automatic online judge that can deal with C, C and C# 1.0 and many other languages.Intels Threading Programming Problems. Running from September 2007 until the end of September 2008 Intel have their own Programming Challenge with 12 programming tasks, one per month that can be solved by threading. You get awarded points for solving a problem, coding elegance, code execution timing, use of the Intel Threading Building Blocks and bonus points for posting in their problem set discussion forum. Any language but C is probably the preferred language. Codechef is Indias first, non-commercial, multi-platform online coding competition, with monthly contests in more than 35 different programming languages including C, C and C#. Winners of each contest get prizes, peer recognition and an invitation to compete at the CodeChef Cup, an annual live event. Annual Contests Hewlett Packard (HP) Codewars is for high school students and takes place every year on Hewlett-Packards Houston campus. its been run every year since 1999. Not only do students get the high-tech HP environment, a wide range of programming challenges, large amounts of good programmer food (pizza and caffeine), music, plus loads of giveaways. There are trophies for the top competitors in each of two classifications, plus loads of exciting door prizes like computers, scanners, printers, software, and accessories. This is the ultimate high school computer programming competition. Dont forget the About C, C and C# Programming challenges. No prizes but you get fame!

Effect of Computers in Education Essays

Effect of Computers in Education Essays Effect of Computers in Education Essay Effect of Computers in Education Essay Class IX Chapter 15 â€Å" Improvement in Food Resources Science Question 1: What do we get from cereals, pulses, fruits and vegetables Answer: (i) Cereals provide us with carbohydrates. Also, they are a rich source of energy. (ii) Pulses give us proteins. (iii) Fruits and vegetables are a rich source of vitamins and minerals. A small amount of proteins, carbohydrates, and fats are also present in them. Page 1 of 14 Class IX Chapter 15 â€Å" Improvement in Food Resources Science Question 1: How do biotic and abiotic factors affect crop production Answer: A variety of biotic factors such as pests, nematodes, diseases, etc. can reduce the net crop production. A pest causes damage to agriculture by feeding on crops. For example, boll weevil is a pest on cotton. It attacks the cotton crop, thereby reducing its yield. Weeds also reduce crop productivity by competing with the main crop for nutrients, light, and space. Similarly, abiotic factors such as salinity, temperature, etc. affect the net crop production. Some natural calamities such as droughts and floods are unpredictable. Their occurrence has a great impact on crops sometimes, destroying the entire crop. Question 2: What are the desirable agronomic characteristics for crop improvements Answer: The desirable agronomic characteristics for crop improvements are: (i) Tallness and profuse branching in any fodder crop. (ii) Dwarfness in cereals. These desirable agronomic characteristics help in increasing crop productivity. Page 2 of 14 Class IX Chapter 15 â€Å" Improvement in Food Resources Science Question 1: What are macro-nutrients and why are they called macro-nutrients Answer: Macro-nutrientsare nutrients required in relatively large quantities for growth and development of plants. They are six in number. Since they are required in large quantities, they are known as macro-nutrient. The six macro-nutrients required by plants are nitrogen, phosphorus, potassium, calcium, magnesium, and sulphur. Question 2: How do plants get nutrients Answer: Plants require sixteen essential nutrients from nature for their growth and development. All these nutrients are obtained from air, water, and soil. Soil is the major source of nutrients. Thirteen of these nutrients are available from soil. The remaining three nutrients (carbon, oxygen, and hydrogen) are obtained from air and water. Page 3 of 14 Class IX Chapter 15 â€Å" Improvement in Food Resources Science Question 1: Compare the use of manure and fertilizers in maintaining soil fertility. Answer: Manures increase soil fertility by enriching the soil with organic matter and nutrients as it is prepared by the decomposition of animal excreta and plant wastes. On the other hand, fertilizers are mostly inorganic compounds whose excessive use is harmful to the symbiotic micro-organisms living in soil. Their excessive use also reduces soil fertility. Hence, fertilizers are considered good for only short term use. Page 4 of 14 Class IX Chapter 15 â€Å" Improvement in Food Resources Science Question 1: Which of the following conditions will give the most benefits Why (a) Farmers use high-quality seeds, do not adopt irrigation or use fertilizers. (b) Farmers use ordinary seeds, adopt irrigation and use fertilizer. (c) Farmers use quality seeds, adopt irrigation, use fertilizer and use crop protection measures. Answer: (c)Farmers using good quality seeds, adopting irrigation, using fertilizers, and using crop protection measures will derive most benefits. (i) The use of good quality seeds increases the total crop production. If a farmer is using good quality seeds, then a majority of the seeds will germinate properly, and will grow into a healthy plant. (ii) Proper irrigation methods improve the water availability to crops. (iii) Fertilizers ensure healthy growth and development in plants by providing the essential nutrients such as nitrogen, phosphorus, potassium, etc. (iv) Crop protection measures include various methods to control weeds, pests, and infectious agents. I f all these necessary measures are taken by a farmer, then the overall production of crops will increase. Page 5 of 14 Class IX Chapter 15 â€Å" Improvement in Food Resources Science Question 1: Why should preventive measures and biological control methods be preferred for protecting crops Answer: Preventive measures and biological control methods should be preferred for protecting crops because excessive use of chemicals leads to environmental problems. These chemicals are also poisonous for plants and animals. Preventive measures include proper soil and seed preparation, timely sowing of seeds, intercropping and mixed cropping, usage of resistant varieties of crops, etc. On the other hand, biological control methods include the usage of bio-pesticides that are less toxic for the environment. An example of bio-pesticides is Bacillus thuringenesis,which is an insect pathogen that kills a wide range of insect larvae. Therefore, both preventive measures and biological control methods are considered eco- friendly methods of crop protection. Question 2: What factors may be responsible for losses of grains during storage Answer: During the storage of grains, various biotic factors such as insects, rodents, mites, fungi, bacteria, etc. and various abiotic factors such as inappropriate moisture, temperature, lack of sunlight, flood, etc. are responsible for losses of grains. These factors act on stored grains and result in degradation, poor germinability, discolouration, etc. Page 6 of 14 Class IX Chapter 15 â€Å" Improvement in Food Resources Science Question 1: Which method is commonly used for improving cattle breeds and why Answer: Cattle farming is commonly used for improving cattle breeds. The purpose of cattle farming is to increase the production of milk and draught labour for agricultural work. Dairy animals (females) are used for obtaining milk and draught animals (males) are engaged in agricultural fields for labour work such as carting, irrigation, tilling, etc. Cross breeding between two good varieties of cattle will produce a new improved variety. For example, the cross between foreign breeds such as Jersey Brown, Swiss (having long lactation periods) and Indian breeds such as Red Sindhi, Sahiwal (having excellent resistance power against diseases) produces a new variety having qualities of both breeds. Page 7 of 14 Class IX Chapter 15 â€Å" Improvement in Food Resources Science Question 1: Discuss the implications of the following statement: It is interesting to note that poultry is Indiaâ„ ¢s most efficient converter of low fibre food stuff (which is unfit for human consumption) into highly nutritious animal protein food. Answer: Poultry in India is the most efficient converter of low fibre food stuff into highly nutritious animal protein food. In poultry farming, domestic fowls are raised to produce eggs and chicken. For this, the fowls are given animal feeds in the form of roughage, which mainly consists of fibres. Thus, by feeding animals a fibre rich diet, the poultry gives highly nutritious food in the form of eggs and chicken. Page 8 of 14 Class IX Chapter 15 â€Å" Improvement in Food Resources Science Question 1: What management practices are common in dairy and poultry farming Answer: Common management practices in dairy and poultry farming are: (i) Proper shelter facilities and their regular cleaning. (ii) Some basic hygienic conditions such as clean water, nutritious food, etc. (iii) Animals are kept in spacious, airy, and ventilated place. (iv) Prevention and cure of diseases at the right time is ensured. Question 2: What are the differences between broilers and layers and in their management Answer: Layersare meant for egg production, whereas broilers are meant for poultry meat. Nutritional, environmental, and housing conditions required by broilers are different from those required by egg layers. A broiler chicken, for their proper growth, requires vitamin rich supplements especially vitamin A and K. Also, their diet includes protein rich food and enough fat. They also require extra care and maintenance to increase their survival rate in comparison to egg layers. Page 9 of 14 Class IX Chapter 15 â€Å" Improvement in Food Resources Science Question 1: How are fish obtained Answer: Fish can be obtained by two ways: (i) Capture fishing: It is the process of obtaining fish from natural resources. (ii) Culture fishery: It is the practice of farming fishes. Farming can be done in both freshwater ecosystem (which includes river water, pond water) and marine ecosystem. Question 2: What are the advantages of composite fish culture Answer: An advantage of composite fish culture is that it increases the yield of fish. In a composite fish culture, five or six different species are grown together in a single fish pond. Fishes with different food habitats are chosen so that they do not compete for food among themselves. Also, this ensures a complete utilization of food resources in the pond. As a result, the survival rate of fish increases and their yield also increases. Page 10 of 14 Class IX Chapter 15 â€Å" Improvement in Food Resources Science Question 1: What are the desirable characters of bee varieties suitable for honey production Answer: Bee varieties having the following desirable characters are suitable for honey production: (i) They should yield high quantity of honey. (ii) They should not sting much. (iii) They should stay in the beehive for long durations. (iv) They should breed very well. Question 2: What is pasturage and how is it related to honey production Answer: Pasturage is the availability of flowers from which bees collect nectar and pollen. It is related to the production of honey as it determines the taste and quantity of honey. Page 11 of 14 Class IX Chapter 15 â€Å" Improvement in Food Resources Science Question 1: Explain any one method of crop production which ensures high yield. Answer: Crop rotationis one of the methods of crop production that ensures high yield. It is the method of growing two or more varieties of crops on the same land in sequential seasons. A crop utilises some particular nutrients in larger quantities from the soil. Then, if the same crop is grown in subsequent seasons those nutrients will get depleted in the soil. Therefore, crops having different nutrient requirements are rotated. For example, legumes which have nitrogen-fixing bacteria in their root nodules supply the soil with nitrogen. Therefore, these legumes are rotated with nitrogen requiring cereals such as wheat and maize. This method reduces the need of fertilizers, thereby increasing the overall yield of crops. Question 2: Why are manures and fertilizers used in fields Answer: Manures and fertilizers are used in fields to enrich the soil with the required nutrients. Manure helps in enriching the soil with organic matter and nutrients. This improves the fertility and structure of the soil. On the other hand, fertilizers ensure a healthy growth and development in plants. They are a good source of nitrogen, phosphorus, and potassium. To get an optimum yield, it is instructed to use a balanced combination of manures and fertilizers in the soil. Question 3: What are the advantages of inter-cropping and crop rotation Answer: Inter-cropping and crop rotation both play an important role in increasing the yield of crops. Inter-cropping helps in preventing pests and diseases to spread throughout the field. It also increases soil fertility, whereas crop rotation prevents soil depletion, increases soil fertility, and reduces soil erosion. Both these methods reduce the need for fertilizers. It also helps in controlling weeds and controls the growth of pathogens and pests in crops. Page 12 of 14 Class IX Chapter 15 â€Å" Improvement in Food Resources Science Question 4: What is genetic manipulation How is it useful in agricultural practices Answer: Genetic manipulationis a process where the gene for a particular character is introduced inside the chromosome of a cell. When the gene for a particular character is introduced in a plant cell, a transgenic plant is produced. These transgenic plants exhibit characters governed by the newly introduced gene. For example, let us assume there is a wild plant that produces small fruits. If the gene responsible for a larger fruit size is introduced in this plant, this plant becomes transgenic, and starts producing larger fruits. Similarly, genes for higher yield, disease resistance, etc. can be introduced in any desired plant. Therefore, gene manipulation plays an important role in agricultural practices. It helps in improving crop variety. It ensures food security and insect resistant crops. It also improves the quality and yield of crops. Question 6: How do good animal husbandry practices benefit farmers Answer: Cattle farming is one of the methods of animal husbandry that is most beneficial for farmers. Using this method, better breeds of draught animals can be produced. Such draught animals are engaged in agricultural fields for labour work such as carting, irrigation, tilling, etc. Question 7: What are the benefits of cattle farming Answer: Benefits of cattle farming: (i) Good quality and quantity of milk can be produced. (ii) Draught labour animals can be produced for agricultural work. (iii) New variety that are resistant to diseases can be produced by crossing two varieties with the desired traits. Page 13 of 14 Class IX Chapter 15 â€Å" Improvement in Food Resources Science Question 8: For increasing production, what is common in poultry, fisheries and bee-keeping Answer: The common factor for increasing production in poultry, fisheries, and bee keeping is the proper management techniques that are to be followed. Regular cleaning of farms is of utmost importance. Maintenance of temperature and prevention and cure of diseases is also required to increase the number of animals. Question 9: How do you differentiate between capture fishing, mariculture and aquaculture Answer: Capture fishing It is the method of obtaining fishes from natural resources. Mariculture It is the culture of marine fishes for Aquaculture It involves the production of aquatic animals that are of high economic value such as prawns, lobsters, commercial use. fishes, crabs, etc. Page 14 of 14

Democratization of health care in Mexico Essay Example | Topics and Well Written Essays - 1750 words

Democratization of health care in Mexico - Essay Example Democratization of health care in Mexico Health challenges affect people of all groups although there are some significant differences in disease or risk factor rates among groups, which can be described as health disparities in the incidence, prevalence, mortality, survival and burden of health conditions that exist between specific population groups. These population groups are characterized by age, gender, ethnicity, income, social class, sexual orientation, disability and also geographical location. One of the most important influences on health status and risk is socioeconomic status (SES). This paper looks chronic illnesses on the high income and wealthy class of Mexicans, reviewing the current trends and outlining possible solutions. Background National health accounts developed in Mexico in the mid 1990’s showed that almost more than half of the health expenditure was out of what the citizens earned because approximately fifty percent of the population had no health insurance. Through applying these methods f rom the world health report 2000 to a series of national income and expenditure surveys, researchers showed that these high levels of spending from the savings were exposing Mexican to financially hard situations (Alcantara, April 2013). Approximately 4 million Mexican families in 2000 incurred impoverishing health expenditures. Mexico thus did not do well on the comparative analysis of fair financing internationally. These outcomes led policy-makers from the Department of Health to focus on health system financing and triggered analysis of the whole nation that indicated a high concentration of health expenditures in uninsured and poor households. However this did not fully solve the issues of health the country was yet to face. â€Å"According to 2010 census, Mexico’s population is now approximately 112, 336, 538, 000 inhabitants of which estimated 57, 500, 000 are women and 54,855,231 are men. Chronic illnesses are major causes of death in the overall population including heart disease, diabetes mellitus, malignant tumors, accidents, and renal failure. Some of the risk factors exposing citizens to these are smoking, sedentary lifestyle and obesity (Alcantara, 2013). In 2010, WHO indicates that high percentage of the population was overweight approximating to 68.3%.Among these obese cases, cholesterolemia, and high blood pressure were reported. In 2011, heart problems caused approximately 105 million deaths, ischemia caused 61.000 deaths followed by diabetes mellitus with 80,000 deaths, and 5,700 deaths were from suicide. In 2011, 12,960 smear tests were positive for TB. The report also indicates that there were 4,147 cases of AIDS in males and 1,116 in females in 2006. The prevalence of cancer in the population varies by gender. In men the most common types of cancer are trachea and lungs while the most common in women are breast cancer, cervical cancer and liver cancer. The most common predisposing factors are smoking, alcohol intake, environmental pollution and occupational exposure. In 2010, 15.6% of the population smoked including men and women† (Alcantara, April 2013). The state health report also point out that in 2010, 13.2% of kindergarten students and22.6% of third grade students in New Mexico were obese. In comparison, 18% of 6 to 11 year olds nationwide were obese. The average weight for kindergarten students in the obese category was about 20 pounds heavier than for those in the healthy weight category. The average weig

'To tackle the fight against trafficking, we need to concentrate on Essay

'To tackle the fight against trafficking, we need to concentrate on state intervention and stricter border controls'. Discuss - Essay Example This however is not usually the case as sexual exploitation is the first harsh condition they encounter before being sneaked into the desired and promised country due to lack of proper travel documentation. Human trafficking is majorly carried out by agents whom according to Agustin (2005) may be governmental, religious, nongovernmental, academic or even medical groups and organizations (Agustin, 2005, pg. 100). These groups and organizations operate on a legitimate basis upfront but carry out the illegal immigration and human trafficking as a form of black market business hence making it harder for immigration authorities to detect them. Even with the strict immigration laws being enforced in some European countries like Germany and even UK, illegal immigrants still find their way inside those nations. According to statistics provided by the United Nations, there are over 175 million people who cross borders on a yearly basis and majority of them do so illegally without being detect ed or through fraudulent means. Human trafficking is a global affair and it has been able to rise due to the fact that it is intertwined with issues of international crime, corruption deals (conducted through unscrupulous immigration officials), coercion and even lack of stringent state laws concerning immigration or even border patrol. The lack of anti-trafficking statutes in most states contributes to the increasing trafficking of people. This is evident in even famous place like New York City in United States of America. This lack of laws provides a leeway for the agents to ferry the illegal immigrants from Latin nations like Mexico, through US and finally finding themselves in European nations like France. Testimonies have been provided by the trafficked people especially women who are illegally or even legally assisted to migrate into European nations through the promise of being enrolled into the domestic labour market of that country. However on reaching their destination, th e domestic labour market turns out to be a thriving sex industry where sexual exploitation is the order of the day under organized pimps and even in brothels. Those lucky to enter the domestic labour market do so as helps or by providing cheap labour services and even in these places, they are still sexually exploited (Long, 2004, pg. 18). Some critics argue that it is easy to prevent such sexual exploitation that happens through the cover of provision of domestic labour market but it is not so easy. This is because the trafficking that takes place under this front has legal cover ups as mentioned earlier of legitimate organizations whose side business is trafficking of people without the knowledge of the authorities. It is evident that trafficking moves from the South towards the North and it heavily consists of women. According to feminists and especially the African feminists, women are the most negatively affected by development policies and measures taken by their countries, fo r example those that follow conditions dictated by International Monetary Fund (IMF) and the World Bank in order to grant loans and financial aid to these countries. These Bretton Woods financial organizations demand (as one of their conditions) restructuring which in short means cutting some of

Strategic Global Business Solutions Project Report Dissertation

Strategic Global Business Solutions Project Report - Dissertation Example The Market Trend†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...Page 9 4.1 PEST Analysis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Page 9 4.2 Ansoff Matrix†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..page 9 4.3 Porter’s Five Point Forces†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...Page 10 4.4 BCG Matrix†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Page 12 5. The Corporate Vision†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Page 13 6. The Corporate Focus†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..Page 14 7. Feasibilities†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Page 15 7.1 Define fewer goals†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Page 15 7.2 Goals to be transformed to Revenue†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Page 15 7.3 The Employee Management†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..Page 15 7.4 Control the cost†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..Page 16 8. Financial Management & Controlling †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢ € ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Page 16 9. ... If we try to understand this system, if our relentless quest to know the origin and wellbeing compel us to fathom into much more deeper into the subject itself, we will get the answer –it is the word of wisdom that churns out in those ancient gray years of civilization when the basic postulates of science often were being masked with so many unscientific irrationalities. Some stand alone subjects hold the supreme truth at the zenith and Ayurveda is one of them. Our basic discussion will revolve around a particular brand of ayurvedic range of products which is being conceptualized and marketed successfully by the largest FMCG Company of the world- Unilever. The brand in question is AYUSH, a bouquet of purest forms of nature, to address the basic questions of regular beauty care in a gentler and natural way. 2 Situation Analysis The prelude of the situation analysis that leads to the grater understanding of the situation are to be discussed here. The aim of this dissertation is to get the resultant outcome of the planning over which the foundation of transnational business is lying upon. In this case we will discuss the product that is manufactured in 100% Export Oriented Unit in India and which is to be marketed in Australia. The marketing planning, coupled with the analysis of the socio economical milieu in between both the country are to be emphasized in this case. 2.1 The Countries—India and Australia. It is very hard to comprehend both this two countries except the basic two similarities—both this countries are inhabited by homo sapience species and they live and die for cricket. Basically India is a developing country, like China, with a sheer burden of overpopulation and poverty while the position of Australia is in the bracket of most

Economic Value Added And Shareholder Value Added Accounting Essay

Economic Value Added And Shareholder Value Added Accounting Essay Agrawal (2007) defines shareholder value added (SVA) as the term used for the difference between the wealth held by the shareholders at the end of a given year and the wealth they held the previous year. In other words, SVA is the estimated future cash flows that are discounted to present value to calculate the value of the firm continuously. Measuring the current performance is based on comparing these cash flow estimates and periods real cash flow (Rappaport, 1986). Therefore, SVA represents the economic profits generated by a business above the minimum return required by all providers of capital. Value term is added when the overall net economic cash flow of the business exceeds the economic cost of all the capital employed to produce the operating profit. Hence, SVA integrates financial statements of the business (profit and loss, balance sheet and cash flow) into one meaningful measure. Economic Value Added (EVA) is best explained by Drucker (1998) as, EVA is based upon something we have known for a long time: What we call profits, the money left to service equity, is usually not profit at all. Until a business returns a profit that is greater than its cost of capital, it operates at a loss. In other words, EVA is a measure that tells what has happened to the wealth of shareholders. Accordingly, earning a return greater than the cost of capital increases value of a company, and earning less destroys the value. EVA is calculated as the excess of net operating profit over the cost of capital including cost of equity. EVA is the mostly encountered index of measuring economic profit. It is an index of measuring internal and external performance of companies being introduced by Stern Steward American consulting firm. EVA index is relevant in quantifying the capacity of a company of creating value for capital suppliers; capital cost represents the index of the average efficiency expected by investors under similar risk circumstances. Return on Capital Employed There are many definitions for the return on capital employed (ROCE), but the widely-used definition, as evidenced by the fact that it is the standard measure produced by DATASTREAM and Standard Poors Compustat Service is ROCE equals to EBIT over capital employed. It is measured by comparing the profits made by the firm with the capital used in making the profit and set as a percentage or fraction. Hence, ROCE measures the efficiency of management in the application or use of the organizations funds or resources in a given financial period Value Based Management According to Coca-Colas A Guide to Implementing Value-Based Management, 1997, VBM is defined as a set of principles that allows us to manage value at all levels of our business. Value creation becomes not just our companys mission, it becomes the philosophy we work with daily. It becomes the framework for everything we do. VBM measures are generally based on comparison between (a) corporate market value corporate accounting book value and/or (b) on the residual income measure. VBM provides an integrated management strategy and financial control system designed to mitigate agency conflicts and increase shareholder value. VBM systems attempt to accomplish this goal by providing managers with a set of decision-making tools (metrics) that can identify which alternatives create or destroy value, and often by linking compensation and promotions to shareholder value. VBM provide a mechanism for linking managers decisions to firm performance outcomes that create shareholder value and provide a means to further align shareholder and managerial interests. Blue Ocean Strategy Blue ocean strategy (BOS) is a set of ideas encompassing tools and methodologies to help companies gain a competitive edge by creating uncontested market space or Blue Oceans. It is based on the view that market boundaries and industry structure are not given and can be reconstructed by the actions and beliefs of industry players. W. Chan Kim and Rene Mauborgne, called this as the reconstructionist view. Blue ocean strategies reconstruct market boundaries, thereby freeing companies from head-to-head competition and instead opening new market space to achieve a leap in value for both buyers and for themselves. Identifying a potentially successful strategic move does not require any special capacities, vision or foresight about the future. All new insights come through looking at familiar data from a new perspective. Blue ocean strategy integrates the range of a firms functional and operational activities. In this sense, blue ocean strategy is more than innovation. It is about strategy that embraces the entire system of a companys activities. METHODOLOGIES Shareholder Value Added The SVA methodology is an approach to assist management in the decision making process. Its applications include performance monitoring, capital budgeting, output pricing and market valuation of the entity. SVA = (Present value of cash flow from operations during the forecast period + residual value + marketable securities) Debt. The net of the present value of cash flow and the opportunity cost associated with the firms capital is a measure of the surplus or additional value provided to the shareholders as a result of the firms activities. This formula is expressed in dollar terms for a period Economic Value Added The EVA methodology can be applied to create wealth for the owners of businesses from all levels or size of the firms. It is a performance measurement which directly links strategy to value and is therefore the key to wealth creation. EVA = Net Operating Profit after Taxes (NOPAT) (Capital*WACC) NOPAT is an operating performance measure after taking account of taxation, but before any financing costs. Interest is totally excluded from NOPAT as it appears implicitly in the capital charge. Capital costs include both the cost of debt finance and the cost of equity finance. The cost of these sources of finance is reflected by the return required by the funds provider. This capital cost is referred to as the Weighted Average Cost of Capital Economic Value Added will increase if: New capital is invested and it earns more than the cost of capital. Capital is divested from the business if it does not cover the cost of capital. NOPAT increases without increasing the capital employed. Return on Capital Employed The ROCE methodology indicates how well the management has used the investment made by owners and creditors into the business. It is commonly used as a basis for various managerial decisions. ROCE = EBIT/ (Total Assets Current Liabilities) The ROCE ratio can be found for a number of years so as to find a trend as to whether the profitability of the company is improving or otherwise. Value Based Management VBM methodology provides an integrated framework for making strategic and operating decisions. By aligning internal business processes, strategies, and corporate governance and investor communications, VBM provide a common discipline, a consistent culture, and a singular focus on value for all business activities. There are many ways to measure and implement VBM in the business. Four approaches have been widely used in practice. One is fundamental value analysis (FVA). Two is returns to shareholder (RTS). Three is economic profit. Four is the relationship between the market value of the firms financial instruments and the book value of the firms operating assets (MVA, the q- ratio, and the market-to-book ratio). Planning and control analyses of the structure of income, costs, and investments are also employed in implementing the four approaches. In implementation, each approach to value based management (VBM) starts with strategic planning processes, ties performance to incentive compensation, requires top management involvement, as well as information and training programs for employees. The four approaches to VBM also take into account other stakeholders such as employees, consumers and community. VBM must also evaluate changing economic, cultural, and political environments. The strategic planning process analyzes long term trends, cyclical economic changes, competitive forces, and effective development of managerial capabilities and other resources. Blue Ocean Strategy To create a blue ocean market, there are several frameworks and tools to be applied in the business. First approach is the strategy canvas which is both a diagnostic and an action framework for building a compelling blue ocean strategy. It serves two purposes. First, it captures the current state of play in the known market space. This allows managers to understand where the competition is currently investing; the factors the industry currently competes on in products, service, and delivery; and what customers receive from the existing competitive offerings on the market. Second approach is the Four Actions Framework which is the value innovation analysis. This approach asks four key questions to challenge an industrys strategic logic and business model. The first question forces a company to consider eliminating factors that company in an industry have long competed on. The second question forces a company to determine whether products or services have been over-designed in the race to match and beat the competition. The third question pushes a company to uncover and eliminate the compromises an industry forces customer to make. The fourth question helps a company to discover entirely new sources of value for buyers and to create new demand and shift the strategic pricing of the industry. All the four questions allow a company to systematically explore how it can reconstruct buyer value elements across alternative industries to offer buyers an entirely new experience, while simultaneously keeping its cost structure low. Third approach is the Eliminate-Reduce-Raise-Create Grid. The grid pushes companies not only to ask all four questions in the four actions framework but also to act on all four to create a new value curve. By driving companies to fill in the grid with the actions of eliminating and reducing as well as raising and creating, the grid gives companies four immediate benefits; it pushes them to simultaneously pursue differentiation and low costs to break the value/cost trade-off, immediately flags companies that are focused only on raising and creating and thereby lifting their cost structure and often over-engineering products and service, is easily understood by managers at any level, creating a high level of engagement in its application and because completing the grid is a challenging task, it drives companies to robustly scrutinize every factor the industry competes on, making them discover the range of implicit assumptions they make unconsciously in competing. APPLICATIONS AND PRACTICES BY CORPORATE ENTITIES Shareholder Value Added The use of SVA gives an insight into the investment performance of the business by clearly identifying the opportunity cost of the investment, being the cost of capital, and comparing this to the return generated from the business. SVA can be applied to all the segments within a firm. Accordingly, it is primarily used by managers to evaluate the performance of divisions or branches. Practices AFS Consulting (2004) did a research on SVA performance with the Malaysian Banking Industry. The result shows that Maybank Berhad (MBB) and Hong Leong Bank Berhad (HLBB) emerge as banking institutions that create the best shareholder wealth or value among the local banks. While MBB and HLBB have enormous potential to be the leading domestic bank competing with foreign banks, both banks are still lagging behind in shareholder value creation compared to the incumbent foreign banks, which operate in a highly restrictive and controlled environment. Economic Value Added EVA can be used for the purposes like setting the organizational goals, performance measurement, determining bonuses, communication with shareholders and investors, motivation of managers, capital budgeting, corporate valuation and analyzing equity securities. Practices The study done by Issham Ismail on the performance of GLCs (Government-Linked Companies) and non-GLCs in Malaysia using EVA found that the outcomes of the study indicate a negative relationship between the size of the companies and the EVA values. The larger companies tend to have lower EVA values. In Malaysia, the GLCs are generally larger in size as compared to non-GLCS. Therefore, companies with government as their stakeholders tend to exhibit lower EVA scores than the companies without government stakeholders. It is believed that the Malaysian government prefers investing in public amenities companies to protect public interest, evidenced by their active role in Telekom, POS and TNB. These types of companies do not have higher value than their competitors, where the competitors are usually profit-oriented organization. This outcome further emphasizes that companies that have both the characteristics, large sized and government-linked, tend to have lower EVA values. It also leads to findings that an expansion of size government holding companies tends to increase the cost of capital in greater proportion to the any returns it generates. Return on Capital Employed ROCE is used to prove the value the business gains from its assets and liabilities, a business which owns lots of land but has little profit will have a smaller ROCE to a business which owns little land but makes the same profit. It basically can be used to show how much a business is gaining for its assets, or how much it is losing for its liabilities. Practices Norman Kahl and Jawad Shaikh (2003) analyzed ROCE trends over time for twelve major telecommunication service providers. The sample size represents nearly two-thirds of the US and nearly three-quarters of the Western European telecom services market. The result shows a significant regional difference exist, with ROCE at around 9% in the US and -8% in Europe. The negative European ROCE can only partially be explained by the enormous write-offs made in 2001 and 2002. Other finding is that past and present initiatives of the industry have mainly focused on revenue generation and operational efficiency; but less focus on asset utilization. This shows that by consistently leveraging all three drivers of ROCE (revenue generation, operational efficiency, and asset management), companies are able to get back on track and may even gain a sustainable leap versus their competitors. Value Based Management VBM emphasizes long-term cash flows analysis and risk analysis in all aspects of managerial decision making, such as evaluating individual projects and determining the economic value of the overall strategy of the business. The VBM approach is ultimately aimed at the goal of structuring and managing a company in a way that will create more value for its owners. Bromwich (1998) observes the need for measuring tools, applicable to different organizational levels, such as corporate and business unit level, while Ottoson and Weissenrieder (1996) emphasize the need for measurement systems that can be used for internal and external communication. Practices Harley E. Ryan, Jr. and Emery A. Trahan (2007) examine the performance of 84 firms that adopt value-based management (VBM) systems during the period 1984-1997. The result shows that the typical firm significantly improves residual income after adopting VBM. This improvement persists for the five post adoption years studied. They also found a negative relation between tying compensation to VBM and post-adoption performance. Furthermore, firms reduce capital expenditures following VBM adoption, but that the reductions in spending do not differ based on the firms growth opportunities. Overall, the evidence suggests that VBM improves economic performance and the efficient use of capital. Blue Ocean Strategy The frameworks and tools introduced by Kim and Renee (2006) are essential analytics that can be applied to allow companies to break from the competition and open up blue oceans of uncontested market space. Practices According to The Star Online dated July 16, 2007 titled Blue Ocean Strategy for Corporate Malaysia, Harvard Business School Professor D. Quinn Mills, states that there were many companies worldwide that are adopting BOS either knowingly or unknowingly. In addition, companies that know how to apply BOS to access a bigger market would reap significant benefits in terms of earnings. On questions regarding the Malaysian companies adopting BOS, he said: We believe the strategy is still fairly new to local companies. However, it is likely that many CEOs are aware of BOS but have yet to fully understand and apply the strategy to their companies. He also cited Air Asia as an example of a successful company that had identified a Blue Ocean and created a business model to capture and untapped and un-served market in the travel industry. Mills also said BOS was especially important for a country like Malaysia with a small population and market.

Science and African Metaphysics :: Africa Government Papers

Science and African Metaphysics If one takes the African situation as a case study, one finds that serious efforts are made for the sake of scientific progress and exploration. However, the results attained are not comparable to the energy expended. Lack of progress is often attributed to faulty policy formation and execution on the part of African leaders and governments. This essay attempts to shed light on the source of this problem. The heuristic principle I follow holds that the metaphysical preconditioning of consciousness leads us to approach sensory data in particular ways and, furthermore, influences both our formulation of problems and possible solutions. I note the lapses in African metaphysics and sketch an alternate metaphysics which I hope will inaugurate a new African system of thought. INTRODUCTION The distinctions Between metaphysics As Body Of Beliefs and metaphysics as a Tool Of Exploration shall serve as the foundation of this essay. The essay would review and highlight some important characteristics of metaphysics as the most fundamental science and the basic tool of exploration. This claim, among others, has incidentally been the root of most harsh and destructive criticisms against metaphysics as a quest in futility. (1) These doubts and criticisms notwithstanding the understanding of metaphysics as the catalyst of scientific progress and exploration would be upheld in this essay. This is borne from the insight that scientific progress is sustained by the urge to go beyond each attainable results. To stimulate this urge, whether real, hypothetical or even imaginary would be identified in this essay as the pride of metaphysics. Yet not all quest for quantitative and qualitative scientific growth based on this urge is rewarded with the same amount of progress. If the Afric an situation is taken ask a case study, one discovers that serious and consistent efforts are made within this area to ask questions that go beyond the possible limits of attainable results. Yet the curious energy expanded within the African context in terms of search for scientific answer to challenging problems does not always seem to have yield commensurate results as comparable to what is obtainable elsewhere. A pertinent question then is this: Why is a quest sustained by the urge towards breaking new grounds fundamentally the same, but the results in terms of tangible or recognisable results remain at variance? TWO MODELS OF METAPHYSICAL INQUIRY Two models shall be put up for reflection - the science oriented model and the mythological model.