Analysis of Greens Foods Limited 2002 †Business Essay

Analysis of Greens Foods Limited 2002 – Business Essay Free Online Research Papers Analysis of Green’s Foods Limited 2002 Business Essay In order to satisfy and fulfill the needs of the stakeholder, companies must ensure that a comprehensive and detailed financial report is provided with the aim to meet any information needs relating to the business, operations and financing of the company. The analysis of Green’s Foods Limited 2002 Annual Report identifies the needs of stakeholders; such as that of the company’s position, market, future direction and goals, competition, developments, products and sales are identified and satisfied. These needs are analysed through the management analysis and discussion segment (including profit, product and sales revenue information), the analysis of the detailed financial statements provided by the company, and the analysis of social and environmental factors that are addressed though the Annual report. In order to satisfy and fulfil the needs of the stakeholders such as shareholders, managers, employees, community, suppliers and buyers whom hold a vested interest or reliance on the business (Flemming. L, 2001, Excel HSC Business Studies, Pascal Press, Australia); each company must ensure that comprehensive and detailed financial and annual reports are provided with the aim to meet any information needs relating to the business and its operations. A financial report is commonly known as â€Å"a written report which quantitatively described the financial heath of a company† through â€Å"income statements, balance sheets and often also a cash flow statement† (1997, Investors words, Financial Report, investorswords.com/cgi-bin/getword.cgi?1957, 09/09/03). Financial reports are often found in annual reports which are â€Å"documents dealing with a company’s activity over the previous year† (2003, money chimp, glossary, moneychimp.com/glossary/annual_report.htm, 09/09/03). Thus, through different components of financial and annual reports, stakeholders gain insight and a better understanding on the overall position and performance of the business; such that the analysis depicts the positive stance on the corporate governance (2003, Corporate Governance in Russia, corp-gov.org, 05/09/03). Likewise, both social and environmental aspects of the business are closely reviewed and linked in the financial repo rt further enhancing the relationship between the shareholders, the Board of Directors and Management of a company. In achieving success for Greens, Corporate Governance becomes an essential element in its business formula. It determines how a particular company is managed. This means that from the board of directors to the management team their duties, jobs or tasks must be conducted efficiently and effectively such as to adequately â€Å"report on the state of the resources under their control in the financial statements, so that the stakeholders can assess whether their interest would be better served by transferring their resources to the control of these managers†(Gaffikin M, 2003, ACCY102 Accounting 1B Principles Of Accounting, Ed 3, Pearson Custom Publishing, Sydney, p10). According to Green’s Foods Limited 2002 Annual Report, Green’s is experiencing considerable turmoil. Within the chairman’s report found on page 2 of the 2002 Annual Report, the hard time Green undergone and the major causes of some of their poor performance in 2002 is outlined and discussed. The main problems experienced Green’s Foods during 2002 include changes to the management team in the Pasta business resulting in a 19% profit loss of $17.6 million (2002, Green’s Foods Limited Annual Report 2002, p2); and the departure of the Green family representatives in the boardroom, â€Å"the final son of Green’s Foods founder still working at the company tendered his resignation of chief executive† (2002, Ferret.com, Family era over, Green’s Foods CEO Douglas Green resigns, ferret.com.au/articles/b4/0c00c7b4.asp, 09/09/03). Despite the severe consequences of the changes experienced by Green’s in 2002, the company has still managed to reduce some of its debt through other core business units. Notably on a positive side, the cash flow remains strong for the business and customer relationship is seen as a strong indication for future growth this is emphasized through the statement that is found in the consumer relations section of Green’s Foods Limited website, â€Å"Our success depends upon the satisfaction, trust, and goodwill we create with the millions of consumers who buy and use our products each year† (2002, Greens Foods Limited, Consumer Relations, Greens.com.au/dir016/greenspublishing.nsf/content/consumerrelations, 05/09/03). Through the analysis of these key indications within Green’s operations, it reflects that the stakeholders are provided with a brief description of the company’s position in respect to the market and future movement. It outlines to the stakeholders the weaknesses of the company and how these weaknesses are going to be dealt with during the next financial year; as stated in the 2002 Annual Report â€Å"Our immediate priority is to improve the profitability of the company† (2002, Green’s Foods Limited Annual Report 2002, p1). These situations demonstrate Greens attempt to clarify with its stakeholders where the company went wrong throughout the year and its focus on new strategies to improve the business performance over the coming year. Likewise, there are certain positive points within Green’s business performance despite the poor showing in certain aspects of its operations. Namely these positives include it’s product divisions; blended foods, pet foods, cereals and the snacks divisions. Under the Management Discussion Analysis section of the Annual report pages 3 to 6 aspects of Green’s business performance is discussed through the use of topic headings that address matters of importance for the stakeholders; these include such needed information as that on market position, products, sales revenue and profit. These topics are to be discussed individually as to expose the importance of them to stakeholders and how Green’s supplies this information to those that require it. Green’s Foods limited hold a very diverse market position, as each product category obtains a different position within the consumer market and consumers mindset. With Green’s primary focus on market position for each product, they use words such as â€Å"benchmark†, â€Å"ensure†, â€Å"commit† in the 2002 Annual Report and their company website to inform the external stakeholders that Green’s is committed and ready to move into holding a larger or more complex market position and share; this is further supported by the quote â€Å"more than ever the company is focused on the margins we earn from each product† (2002, Green’s Foods Limited Annual Report 2002, p3). The fundamental aspect of Green’s operating success in recent years has been built around its well-established and developed marketable products, with each of it’s business divisions making considerable market gains in each respective product market; such an example includes Green’s Baking Mixes as they have now reached â€Å"a market share of 30%, 3 percentage points ahead of last year† (2002, Green’s Foods Limited Annual Report 2002, p3). As a result of this success Managers and Senior Directors will be encouraged to further improve Green’s product offering and extend its current market share. This success in regards to products had also enabled consumers to become more aware of the products offered by Green’s; thus enhancing its popularity and future stakeholders. Sales Revenue figures from the previous 2 years of Green’s operations has indicated a positive position for the company; however there has been significant changes in the sales generated from each product division such includes the $17.6 million loss in revenue sales in Green’s Pasta Division (2002, Green’s Foods Limited Annual report 2002, p2). In the Green’s Foods Limited 2002 Annual report on pages 15 to 46 these figures were well documented, in financial statements and notes, thus proving beneficial to stakeholders and acknowledging that Green’s provides adequate information to those dependent on them. Poor performance from the Pasta division and additional costs in advertisements over the last 12 months (as documented through out Green’s 2002 Annual Report) has reduced the company’s profitability. Although the business has attracted high volumes of sales in key brands such as Poppin Popcorn and Super Coat pet food; it wasn’t enough to cover the high costs on raw materials. As for the business in the coming year, the Green’s Directors and Management Teams have singled out profitability as being one of its key focus for improvement making it their â€Å"immediate priority† (2002, Green’s Foods Limited Annual Report 2002, p1); this is addressed to stakeholders in the Annual Report so they are able to acknowledge not only Green’s current performance but the improvements to their operations and profitability that they strive to achieve in the future. Along with the factors of market position, products, sale revenue, profits and losses; the contributing factors of environmental and social aspects must be addressed for stakeholders as they also impact on Green’s Foods business performance and operations. The provision of information in regards to these two factors are essential for stakeholders as it is often these two factors that make the initial impact on certain elements of the company leading to impacts on economic factors that later influence company’s overall performance. Environmental aspects are mentioned in the Green’s 2002 Annual Report on page 5 due to a drought that had significant impact on the cost of raw materials required for product production. As a result of the drought increases in commodity prices forced significant impact on the raw materials. As the success of the food industry may also vary seasonally; product offering, raw materials availability, consumer tastes and food preferences will change throughout the year. Thus stakeholders must be kept informed as to these changes. Greens have provided this information effectively to their stakeholders throughout their 2002 Annual Report using brief to the point detail leading to in-depth fact and figures in latter of the report. Similarly, Exports were also mentioned on the company website discussing the importance of Green’s ongoing success in the overseas market; operating successfully in countries such as Japan, Hong Kong, Malaysia, Vietnam, Korea, Indonesia, New Zealand, China, Taiwan, Singapore, Brunei, Fiji, and PNG; and Green’s own demanding export standards to â€Å"ensure superior quality and the sound nutritional value of out products which continue to enjoy increase demand in markets around the world† (2002, Green’s Foods Limited, Exports greens.com.au/dir016/greenspublishing.nsf/content/Export, 05/09/03). Such information on green’s export success and quality demands informs the community of the size of Green’s operations and its competitive nature and involvement within both domestic and international markets. In order to articulate a better understanding of the social structure of Green’s, the Green’s the Director’s Report should be viewed on pages 7 to 12 of the 2002 Annual Report. This report clearly specifies each individuals name, job position and roll, and the date of appointment with Green’s Foods Limited. It addresses, â€Å"The Green Family disposed of the majority of their shareholdings. Czarvan Pty Ltd, Guiness Peat Group and Continent Venture Capital Ltd are now significant shareholders† (2002, Green’s Foods Limited Annual Report 2002, p8). This statement directly reflects the social structure of the company; as the fact that the Green family disposed of their shares to large corporate business such as Guinness Peat implies that Green’s no longer see it as a family centered business but a socially strong company with a highly competitive nature. Respectively, customer relations play a social role to Greens business operations and performance in respect to gaining customer feedback and satisfaction after using their products. â€Å"The mission of our Consumer Relations Team is to listen and learn about consumers in a professional, consistent and caring manner that exceeds their expectations† (2002, Greens Foods Limited, Consumer Relations, Greens.com.au/dir016/greenspublishing.nsf/content/consumerrelations, 05/09/03) In contrast, Green’s always sets its focus on its Corporate Governance; â€Å"recognizing the need for the highest standards of corporate behavior† (2002, Green’s Foods Limited Annual Report 2002, p9). At a certain time, or for certain period of time, financial statements show what the company owns and what it owes, its profitability, and the company’s flows of cash. The three primary financial statements relevant to stakeholders are that of the statement of cash flows, statement of financial performance and statement of financial position; these are found in Green’s Annual Report 2002. The statement of cash flow pages 16 to 17 provides stakeholders with information on cash flows, displaying to stakeholders where cash enters and leaves the company’s accounts. The statement of financial performance page 14 reveals to stakeholders the revenue, cost, and profits for the company in a specific period of operation. The statement of financial position page 15 commonly known as the Balance Sheet, is important to the stakeholders as it outlines the company’s assets, liabilities and overall liquidity of the business. It can be seen in the Greens Annual Report on Financial Position that Total Assets is well in excess of Total Liability, (102,655,000 in assets – 58,856,000 in liabilities); Figures from these statements can be used in conjunction with the accounting ratios to depict the liquidity of the business indicating how many current asset dollars exist to pay the current liability; such liabilities include stakeholders share dividends (if the stakehol der is also a shareholder of Green’s). Overall, the financial statements found in Green’s Foods limited Annual Report 2002 are successful in the way they present information on Green’s financial success in the form of financial reports to their stakeholders. The success of these reports also relies on Green’s ability to anticipate, interpret and read appropriately the needs of the stakeholders. Like the way the master presents his idea to his apprentice â€Å"we create a picture of an organization, or the economy, whatever you lay on the basis of that picture, people think and act and by responding to that picture of reality, they make it so it becomes real in its consequences.† (P257 Hines Report) emphasis an idea of the Picture can be seen as Green’s Financial Report and the People who respond to the picture as the Stakeholders of Green’s. Hence, the needs of the stakeholders of Green’s Foods Limited have been met thoroughly through the many comprehensive financial statements and other relevant information available in the Annual Reports and the company website that Greens have made available. References 2003, Corporate Governance in Russia, corp-gov.org, 05/09/03 2002, Ferret.com, Family era over, Green’s Foods CEO Douglas Greens resigns, ferret.com.au/articles/b4/0c00c794.asp, 09/09/03 Flemming. L, 2001, Excel HSC Business Studies, Pascal Press, Australia Gaffikin. M, 2003, ACCY102 Accounting 1B Principles of Accounting, 3ed, Pearson Custom Publishing, Sydney, p10 2002, Green’s Foods Limited Annual report 2002, pp1 – 56 2002, Green’s Foods Limited, greens.com.au, 05/09/09 2002, Green’s Foods Limited, Consumer relations, Greens.com.au/dir016/greenspublishing.nsf/content/consumerrelations, 05/09/03 2002 Green’s Foods Limited, Exports, greens.com.au/dir016/greenspublishing.nsf/content/Export, 05/09/03 Hines reading p257 1997, Investors words, Financial Report, investorswords.com/cgi-bin/getword.cgi?1957, 09/09/03 Research Papers on Analysis of Green’s Foods Limited 2002 - Business EssayThe Project Managment Office SystemAnalysis of Ebay Expanding into AsiaIncorporating Risk and Uncertainty Factor in CapitalMarketing of Lifeboy Soap A Unilever ProductPETSTEL analysis of IndiaTwilight of the UAWResearch Process Part OneDefinition of Export QuotasNever Been Kicked Out of a Place This NiceInfluences of Socio-Economic Status of Married Males

Seattle University Essay Example | Topics and Well Written Essays - 1000 words

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Benjamin Franklins Autobiography Essay Example | Topics and Well Written Essays - 750 words

Benjamin Franklins Autobiography - Essay Example He attended school for only 2 years despite his passion for reading. When he was 12 years old, he joined his brother James to become an  apprentice  at the print shop. He wrote his first  newspaper  in Boston when he was 15 years. He wrote several letters and finally announced that he was the  writer  when the letters became a hit. He ran away to Philadelphia at 17 when his brother was  furious  about his writing (The Autobiography of Benjamin Franklin 1). He was amongst the  naissance  fathers of the United States.  He was an  inventor, a representative, a scientist, a  principal  writer and above all, he was a theorist.  He loved doing experiments and this  was well shown  in the experiments he did regarding  power  and lightning after experimenting on kites in an event of a lightning storm.  He also published â€Å"Poor Richard’s Almanac’’ and the Pennsylvania Gazette in 1733 (Franklin 45). In the Continental legislature, Benjamin served as the Postmaster General before becoming a  famous  abolitionist and this illustrates his active participation in politics.  Some of the  scientific  inventions that he made include the lightning stick, swimfins, Franklin Stove after inventing the Pennsylvania Fireplace in 1743 and eyeglasses and these earned him much credit. He  was associated  with the renowned phrase like Almanac like  Ã¢â‚¬Ëœa  penny saved is a penny earned†.  Following Benjamin Franklins  death  April 17,1790, a year later, there was the publication of his autobiography and  was entitled  Ã¢â‚¬ËœÃ¢â‚¬â„¢Memories De La Vie Privee† in  paris, March 1791.  Later on there was a  translation  of the same in the English version named ‘’The Private Life of the Late Benjamin Franklin†Ã‚  initially  written by him (Franklin 58). Benjamin Franklin was successful in his attempt to self  improvement  because he  put  so much effort in his work and  put  less time to  leisure  because he never valued leisure.  The major  declaration  to fame

The Effects of Social Networking Essay Example for Free

The Effects of Social Networking Essay A social network is a theoretical construct useful in the social sciences to study relationships between individuals, groups, organizations, or even entire societies (social units, see differentiation). The term is used to describe a social structure determined by such interactions. The ties through which any given social unit connects represent the convergence of the various social contacts of that unit. This theoretical approach is, necessarily, relational†¦(Wikipedia, pars.3). In the late 1800s, both Émile Durkheim and Ferdinand Tà ¶nnies foreshadow the idea of social networks in their theories and research of social groups. Tà ¶nnies argued that social groups can exist as personal and direct social ties that either link individuals who share values and belief (Gemeinschaft, German, commonly translated as community) or impersonal, formal, and instrumental social links (Gesellschaft, German, commonly translated as society)( Wikipedia, pars.4). Major developments in the field can be seen in the 1930s by several groups in psychology, anthropology, and mathematics working independently (Wikipedia, pars.5). Communication Studies are often considered a part of both the social sciences and the humanities, drawing heavily on fields such as sociology, psychology, anthropology, information science,biology, political science, and economics as well as rhetoric, literary studies, and semiotics. Many communications concepts describe the transfer of information from one source to another, and can thus be conceived of in terms of a network (Wikipedia, pars.26). Social Networking is the practice of expanding one’s social contacts by making connections through individuals. Social media has changed the way people interact (Frazier, pars.1). Although it is possible in person, it is most popular online, with the use of the internet. The internet is filled of billions of individuals who are looking to meet new people, to gather or  share informations, they even use it in their businesses. Social Networking isn’t new at all, But, it keeps on expanding. From Friendster, one of the first Social Networking website in the World Wide Web, to Facebook, which is still popular now. Twitter, Google, Tumblr, Youtube are in Social Networking and everyone will keep finding more ways to use it. â€Å"In general, here’s how it works: you join one of the sites and invite people you know to join as well. Social networks are everywhere. Friends, colleagues, neighbours[sic] and family make up most people’s network of social contacts, and they have a powerful effect on our behaviour[sic] (COIN PIRC) . Those people invite their contacts to join, who in turn to invite their contacts to join, and the process repeats for each person. In theory, any individual can make contact through anyone they have a connection to, to any of the people that person has a connection to, and so on.† Social networking sites now reach 82 percent of the world’s online population, representing 1.2 billion users around the world. The social networking adoption trend largely mirrored the global Internet adoption curve, and grew proportionately, showing that as people began to get connected, they immediately began connecting with one another(). We are aware of the use of Social Networking. We use it as a tool of communication nowadays. It can be very useful to get in touch with people who you know in person. With Social Networking, we can express ourselves in ways we never dreamed of doing face to face. We don’t have to leave the house to purchase products. We don’t need to buy books because there’s a lot of source material in the Internet. We can make friends with people in different countries. We have a lot to do with it. If we’re aware of its uses, we should be aware of the dangers and harm associated with Social Networking. It includes online predators or what they call â€Å"posers†, theft and viruses. We should be aware of its effects on ourselves especially in our habits, routine and in our behavior. In how we manage our time spending in Social Networking because sometimes we’re abusing it. We have limitation, you must know it. Because we never know, it already destroyed you. We are the product of our environment. In Social Networking, many will influence you. In addition, Our own behavior, actions  and habits are likely to be more largely influenced and impacted by Social Networking. â€Å"Social Networking is one of the most active web-based activities in the Philippines†. Filipinos we’re declared as the most active users of the web-based social network sites. The Philippines has been marked as â€Å"The Social Networking Capital of the world†. Filipinos are very expressive with their thoughts or opinions. Sometimes, they’re abusing the use of Social Networking. Because of that, there are some laws or acts that the Philippines implemented. The Cybercrime Prevention Act of 2012, which is officially recorded as Republic Act No. 10175, it aims to address legal issues concerning online interactions and the internet in the Philippines. Cybercrime offenses include Cyber squatting, Cybersex, child pornography, identity theft, illegal access to data and libel. The Senate Bill No. 1798 by Senator Compaà ±era Pia S. Cayetano, which is an act stating the prohibition of Computer Shops from accepting students in their shops during school hours. There’s also a legal bases regarding the distance of Internet Cafà © from school in the City of Manila. It is the Ordinance No. 8168 provided for 25 to 200 meters distance between a school gate to the nearest gaming i-Cafà ©. While, the non-gaming Cafà ©s are allowed any distance from school gate or even inside the school. As a Computer Science student, we are engaged in computer, especially in Social Networking. We’re glad with what Social Networking’s uses. It gives us a lot of benefits. We get updated. But, we observe some changes in some individual. We didn’t like the fact that Social Networking has effect in other individual’s behavior. We want to solve the Why and How questions` in our heads. What are the factors causing these problems? This thesis will explore and find out if Social Networking has an effect on the behavior of some Computer Science freshmen students in PUP Mabini Campus. This aims to know the activities, sites that are affecting the behavior and how Social Networking changed their behavior. The statement of the Problem The aim of this research is to find out the effects of social networking on the behavior of BSCS freshmen in PUP Mabini Campus S.Y. 2012-2013. Further, it answers the following specific questions. 1. Does Social Networking have an effect on the behavior of BSCS freshmen of PUP? 2. What Social networking site/s do the respondents frequently use? 3. What activities in Social Network do the respondents usually engage themselves in? 4. What activities on Social Networking change the behavior of the respondents? 5. How has social networking changed the behavior of the respondents? 6. What behavioral changes do the respondents experience in their social networking? Scope and Limitation This study is about the effects of Social Networking on the behavior only in Bachelor of Science in Computer Science Freshmen in College of Computer Management and Information Technology at Polytechnic University of the Philippines Mabini Campus School year 2012-2013. The study didnt covered other related issues to the effects of Social Networking like class standing of a student or effects of it on the physical health and etc. Its only conducted on Bachelor of Science in Computer Science Freshmen not on higher years, other colleges and before and after the School year 2012-2013 Definition of terms Social Networking The development of social and professional contacts;the sharing of information and services among people with a common interest.(Dictionary.com) Cybercrime Any use of a computer as an instrument to further illegal ends, such as committing fraud, trafficking in child pornography and intellectual property, stealing identities, or violating privacy. Cybercrime, especially through the Internet, has grown in importance as the computer has become  central to commerce, entertainment, and government. (Webster) Cybersex Cybersex, also called computer sex, Internet sex, netsex, mudsex, TinySex and, colloquially, cybering or conversex is a virtual sex encounter in which two or more persons connected remotely via computer network send each other sexually explicit messages describing a sexual experience. In one form, this fantasy sex is accomplished by the participants describing their actions and responding to their chat partners in a mostly written form designed to stimulate their own sexual feelings and fantasies.(Wikipedia) Facebook-is a social networking service launched in February 2004, owned and operated by Facebook, Inc. As of September 2012, Facebook has over one billion active users,more than half of them using Facebook on a mobile device.(Wikipedia) Twitter- Twitter is an online social networking service and microblogging service that enables its users to send and read text-based messages of up to 140 characters, known as tweets. It was created in March 2006 by jack Dorsey and launched that July.(wikipedia) Friendster- is a social gaming site that is based in Kuala Lumpur, Malaysia. It was previously known as a social networking website. Before the site was redesigned, the service allowed users to contact other members, maintain those contacts, and share online content and media with those contacts. Research Methodology Research Design The descriptive method of research was used for this study. To define the descriptive type of research, Creswell (1994) stated that the descriptive method of research is to gather information about the present existing condition. This study were the activities of respondents in Social Networking and the effects of these activities. Respondents The target population consisting of 30 students in Computer Science freshmen. There are 5 section in Computer Science 1st year; hence the respondents will be 6 students per section. Research Instrument The survey questionnaire was used as the main data-gathering instrument for this study. It is an interview, where in the researchers prepared a list of questions to be answered by the BSCS freshmen students. Other data was based on the researchers observation. Data-Gathering procedure The information was gathered from the 6 freshmen students per section of Computer Science department of PUP Mabini Campus who were surveyed by the researchers. The researchers conducted a survey on separate date and time of interview and it is recorded individually.

The Works of Henry David Thoreau Essay -- Transcendentalism Thoreau

The works of Henry David Thoreau clearly show his belief in transcendentalism. The dictionary defines transcendentalism as any system of philosophy emphasizing the intuitive and spiritual above the empirical and material. "Walden", a story that describes Thoreau's experiences while living on Walden Pond, emphasizes the importance of individuality and self-reliance. Thoreau's essay, "Civil Disobedience", advocates the importance of prioritizing one's principles over the laws of the government. It also criticizes the American social institutions and polices. In both literary works, Thoreau incorporates multiple illustrations of transcendentalism. The story of "Walden" begins with the narrator explaining that during his two year stay at Walden Pond he was spiritually enriched. Walden Pond provided the narrator with the opportunity to view society from the outside and observe that most men lead their lives in desperation. Thoreau believed that men wasted their lives by chasing after material possessions. He sensed that this behavior caused people to focus their attention on labor, losing inner freedom. Thoreau illustrates this point by saying farming has become another dehumanizing way to accumulate wealth. Thoreau discovers through his own "economy" what is really necessary to live a fulfilled life. For example: He builds a cabin, for the cost of $28. 12 by selling the beans he grew. By working odd jobs, he is able to make a profit of $8.71. Hence, he is able to support himself with very little work and still has time for personal reflection. Thoreau's transcendentalist beliefs are continually reflected in his writings. "When one has reduced a fact of the imagination to be a fact of his understanding, I foresee t... ... He feels that the government gets its viewpoint on important issues from a majority of like minded people, who are not concerned with doing what is best or what is right. According to Thoreau, the system is set up so that the majority rules. Thoreau disagrees with this view, he feels that a person has the obligation to do what he or she feels is right, instead of what is dictated to them by the system of government. He presents his own experiences as a model on how to relate to an unjust government. For example Thoreau spends a night in jail, after he refused to pay taxes in protest against slavery. He feels this allows him to be dissociated from the government, "washing his hands" of it. Throughout the article Thoreau says that it is more important to develop a respect for the right, rather than a respect for law, for people's obligations are to do what is right.

Peer-Reviewed Literature Versus Popular Press Essay

The purpose of peer-reviewed literature is to present original reports, research, or reviews, and evaluate the material that scholars have already published (â€Å"Scholarly Vs Popular Press,† 2005). Peer review refers to a process that screens the writings of scholars before they can be published. Review panels, comprising other scholars and researchers, are responsible for evaluating the already published material with respect to its significance in addition to methodology. Although the published research finds may or may not be true, peer-reviewed literature is generally considered â€Å"authoritative evidence for a claim† which is validated once the research has been analyzed in depth and its findings have been applied as well as reexamined in a variety of contexts or by the use of different theoretical models (â€Å"Peer-reviewed literature†). Lee Shulman, the President of the Carnegie Foundation for the Advancement of Teaching, explains that the essentiality of scholarly literature is that it can be â€Å"cited, refuted, built upon, and shared (â€Å"Peer-reviewed literature). † Hence, peer-reviewed literature is considered more reliable than popular press, the purpose of which may be simply to present articles that entertain, inform, or market goods and services. Popular press may contain literature on current events or myriad popular interests (â€Å"Scholarly†). Given that the articles published in the popular press are not peer-reviewed, they may or may not be reliable. They are definitely not considered scholarly, seeing that they cannot be refuted. According to a scientific study, popular press coverage of a health problem known as the chronic fatigue syndrome has magnified and even distorted the divisions within the research community on the subject of the chronic fatigue syndrome (MacLean & Wessely, 1994). It is clear, therefore, that popular press cannot be trusted to present valid information.

Business Plan for a Startup Business Free Essay Example, 6250 words

In order to, critically identify a brief summary of the proposed business plan of food-truck in Al Ain City, the following discussion regarding the business idea and objectives along with mission statement of the company significantly provides a better understanding about the organization. Mission Statement In relation to the proposed business plan for Al Ain City, the mission of the start-up food truck business will be to become one of the preferred choices of the street-food lovers in terms of offering them with quality and fresh food items. Therefore, the mission statement of the proposed venture is â€Å"Setting an emerging trend of food truck in Al Ain City through delivering quality and fresh food items as per the needs and desires of the local populations. † Business Idea The idea of the proposed business plan of food-truck is inspired by the concept of current growth in the global restaurant business industry. In relation to the present scenario, global restaurant business industry has been observed to achieve a dramatic growth that obtained greater interests of the modern entrepreneurs. The emerging trend of the changing food habits along with the growing performance of the food-truck business concept have been rapidly demonstrating a greater opportunity for the marketers to achieve a stable business position in the fiercely competitive restaurant industry. We will write a custom essay sample on Business Plan for a Startup Business or any topic specifically for you Only $17.96 $11.86/pageorder now Correspondingly, the rising popularity of the food-truck has also been witnessed to play a pivotal role for the marketers in terms of enjoying continuous growth as well as extensive numbers of target customers from particular market or location (Tung, 2003). Company Goals and Objectives Defining business objectives can be duly considered as one of the major decision for the entrepreneurs to determine success in any particular industry or specific marketplace. In order to establish a business significantly, it is required to identify the objectives for attaining the goal of the start-up business. Objective of an organization is quite essential in order to establish a healthy and successful company. In this case, the objective of food truck business will be to deliver exceptional quality food products and/or services to its customers, which will enhance the level of customer satisfaction in the emerging market of Al Ain City. Apart from this, the business objectives of the company will focus on ensuring brand loyalty and achieving long-term sustainability for the business in the respective location for sustainability and profitability (Entrepreneur Media Inc, 2014).