Family Guy, Friend or Foe? Essay

Family Guy and Freud: Jokes and Their Relation to the Unconscious In Antonia Peacocke article â€Å"Family Guy and Freud: Jokes and Their Relation to the Unconscious,† she discuses the show created by Seth MacFarlane, stating how she loves the show and how she can even recite several episodes by heart. However, when she first started watching the show she did not care for the type of humor that was expressed. Peacocke goes onto explains that she is not the only one who has these same feelings on how the show is bigoted and crude (Peacocke). Evidence to this was when the show was cancelled not only once, but also twice, in 2000 and 2002. Soon after the show was band, complaints from so many viewers to Fox Television Network, the producers were forced to start airing the show again (Peacocke). However, as she continued to watch the television program, she noticed that there was more than just racist, sexist, and bestiality jokes to be taken from the show (Peacocke). She even goes on to state how she gave the show a second chance and realized that it actually had a purpose and portrayed the stereotypes many people use today. Family Guy is one of the most disgusting, cruel and racist shows I have ever laid my eyes on, that is what I first thought after watching the TV show, Family Guy, for the first time, now that I look back on it, it is simply not true. If you look into the show more deeply and get what Seth McFarland, creator of Family Guy, is trying to portray you realize there is a lot more to it. I took the same view of the show as Peacocke, at first I did not like it, but I was forced by my family and friends to watch it. After watching several episodes, I stepped back and took a deeper look at the racist and sexist jokes said on the show, and I realized there was mor e to learn and see then just getting a chuckle out of the cruel jokes. Family Guy can be one of the most sexist and demeaning television programs out there but if you take a step back and look at what Seth MacFarlane is trying to get at, from the women of the 1950’s to the censorships of the FCC, you can learn the true meaning of Family Guy. Anyone who has ever watched an episode of Family Guy will agree that the show is very offence and often time sexist, but most people do not really get the true meaning of the show and how it relates to the stereotypes in our day to day lives. In one occasion in Peacocke essay â€Å"Family Guy and Freud: Jokes and Their Relation to the Unconscious,† she states that in an episode â€Å"I am Peter, Here me Roar,† there is a scene of an old 1950’s work place where a business man is talking about how women are very insecure about their appearance(). He explains that men should be sure to complement women on how they look, even if they are ugly, because they will believe it (302). Then the businessman goes on to say that a firm slap on their butt will let them know what good of a job they have done (302). I take this not to be a sexist skit but how the women of the 1950’s were mocked in the work place and how normal it was for this to happen to them. This is just one of the many examples of people misunderstanding Family Guy. Peacocke also includes in her essay how celebrities influence the way we think and what we do things in our everyday lives. This is shown in one episode of Family Guy, mentioned in Peacocke’s essay, when Brian and Stewie, are talking about Stewie’s choice of reading material (304). Brian then goes on to explain to Stewie that he only picks what he is going to read based on the books presented in Oprah’s Book Club on the Oprah Winfrey show (304). However, Stewie is quick to deny any of his accusations. Soon after Stewie’s denial, Brian is able to get Stewie to admit that he really is reading the book simply because Oprah suggests it. Here they are trying to demonstrate how Americans are willing to listen to the suggestions of celebrities and do what they tell us to do, without thinking twice about it. I agree with Peacocke on this because I have first hand experiences with my family. One example of this is my dad is a huge Payton Manning fan. When he saw that Payton was endorsing the brand Buick, he just had to go run out and get one because he wanted to be just like Payton. When I asked him about it, he said that it was a nice car and had nothing to do with Payton. But in the back of my mind I knew it was because of Payton. This goes to show that people are willing to follow the instructions of celebrities but don’t really want to admit that they do (304). An episode of Family Guy, PTV, as mentioned in Peacocke’s essay, the Federal Communication Commission (FCC) is trying to shut down Peter’s Griffin’s own television show because it is not censored and appropriate enough to be put on television (306). Then the FCC takes it to a whole other level and tries to censor the town where they live, Quahog, later the FCC puts black bars over nude Griffin’s and uses a frog horn when they are using a swear word. The point MacFarlane is trying to depict in this episode is that no matter how much you try and censor media, you can never change the unforgiving nature of humans and therefore, in trying to do so, would be virtually impossible. Peacocke also states in the essay that it is the parent’s responsibility to watch over their children and there is more to worry about in this world then television (306). This reminds me of one of my own personal experiences with this as a child. One of my favorite shows that my dad let me watch growing up, The Three Stooges, got banned because the FCC thought that with them beating each other up and getting hurt every episode that it promoted violence, even though it was just a funny show to watch and get a laugh out of. Similarly, in Family Guy, they are not promoting hurtful racial or sexist slurs; they are showing the true stereotypes that exist in people today. At the end of the day, I have first hand experiences on both sides of the story. I have a reasonable understanding of the side, which does not care for Family Guy, and the side that knows the true meaning behind the television program. If the people who think this show is a disgrace would just take a step back, they could that Family Guy really has much more to offer then just racist, sexist and bestiality jokes. There is a distinct difference between what many people believe is sexist and what is simply just what the creator of Family Guy is trying to show us how people stereotype. I think that people are much more willing to listen to a message about discrimination and sexism if it is delivered in a funny way and they can make themselves believe it is really not them.

Compare of Cococolla and Pepsi Companies Financial Statements

Comp In our country textile companies are doing very well business. So many competitors are in this sector. Lots of new companies entered this market. From all of them we choose two cement company for our report. We collect their financial statement & analyze them within three methods & we identify their comparative advantage. 1. 1 Origin :This is the report comes from our FIN-245 subject. The course instructor Ms. Tarana Majid orally authorized the task of preparing the report to a group of student. She gave this report to learn the way to analyze the financial statements.To follow the syllabus of our subject so we have to do some relevant study based on our report. That’s why this topic comes forward. 1. 2 Scope :We worked on Ashraf textile mills ltd. & Saiham textile mills ltd for our report. 1. 3 Limitat ion:We are very happy because we made our report within some limitations and overcome it almost. For prepare this report we faced some barrier. When we prepare d this report all necessary data is not available. For this we assume some of the data to complete the report. On the other hand when we go to collect the financial statement we were unable to found our needed statement books.Finally, one limitation was on shortage of knowledge that was reduced to make this report a better one. 1. 4 Sour ce of Data:For our report we collect data for finding & analysis. At first we collected the annual report & take financial statements of two companies’. We also collected some data from the internet. 1. 5 Methodol ogy : As a rule, we had to follow a particular method for collecting data to complete the report accurately. At first we make Income Statement, Balance Sheet & Cash Flow on a excel sheet. Than we analysis the Income Statement & the Balance Sheet using the common sizing & indexing method.Finally we used the eleven financial ratios for our ratio analysis. 2 2. 0 Brief History of company: Saiham Textile Ltd. Late Sy ed Sayeed Uddin Ahmed & Begum Hamida Banu, in remembrance of whom, Saiham Textile Mills Limited has derived the name of the company; would have been proud to know how well their offspring have managed and extended the organization. Saiham Textile Mills was set up in Noyapara, Hobiganj district in the year 1982 with an annual capacity of 7. 5 m yards of finished cloth. It was equipped with modern and sophisticated machineries from Japan.Initially it was a weaving, dyeing printing and finishing plant. Saiham Textile claims to be the pioneer in introducing the concept of modern fabrics in Bangladesh. They were one of the first textile mills to start international standard polyester fabric, TC fabric, synthetic and Georgette sarees with cross border. The mother company of the present conglomerate is now comprised of different industrial concerns. The entrepreneurship of Saiham, consists of five directors, all from the same family. Although a company run and managed by relatives, the standard and efficiency of the management does not compromise on its quality.Ashraf Textile mills Ltd. Ashraf textile mills ltd is one of the another company which is run and managed by relatives, the standard and efficiency of the management does not compromise on its quality. Addressed: Ashraf Textile Mills Ltd. New DOSH, Mohakhali Dhaka – 1212 Ph : 9887051-53 Fax : 9887033 3 3 . 0 Findings & Analysis: According to our report subject our main objective is identifying the difference between two companies financial statement. Also we want to find out which company is more stable & which is not stable.From the financial statement we can find out our requirements. In below we give our finding & analysis in basis of company’s financial statement. 3. 1 Analyze of Income Statement, Balance Sheet between two companies’s: In below we are going to discuss about the two companies balance sheet, Income Statement & Cash flow comparison in a briefly : 3. 1. 1 Balance Sheet Comparison: Assets: From the balance sheet of the both companies we can identify that Ashraf textile had504,741,251 tk total assets in 2005 but on the other hand Saiham textile had only425,320,371 tk total asset in 2003-2004.Next year Ashraf textile companies total asset was decreased and Saiham textile company’s total assets increase and in 2007 Ashraf textile reached in167,726,578 tk whereas in 2005-2006 Saiham textile’s total asset436,650,516 tk. For the total asset volume we can say that Saiham textile has more powerful rather than Ashraf textile. Liability: The total liability we saw that Ashraf textile had623,823,012 tk liabilities in 2005 & Saiham textile had152,581,718tk only in 2003-2004. Both companies’ liabilities were also increased in next year. But clearly we can comments that Ashraf textile had least liability than the Saiham textile.How ever Saiham textile had the more Net asset than the Ashraf textile. share holder’s equity we can easily understand that Saiham textile had the more equity and it was 818,663,635 tk for 2004-06 & Ashraf textile had -1,123,244,182. So we can say that Saiham textile had the more investment in the market. 4 3. 1. 2 Income Statement Comparison: From our income statement we can identify that Saiham textile has a profit 74,932,529tk in 2004 &52,001,246 tk in 2005 &57,295,427 tk in 2006. From this we can say that the profit is decreasing by next two years.And this shows that sale for Saiham textile decreasing during the next two year. On the other hand Ashraf textile is in a loss of-62,609,854 tk in 2005 & -122,738,787 tk in 2006 &-14,064,257 tk in 2007. They continue their business in loss where Saiham textile doing their business with profitability. 3. 1. 3 Analyzing Common Sizing & Indexing: In common size analysis we express the various components of a balance sheet as percentage of the total assets of the company. In addition this can be done for the income statement,but here items are releted to net sales.In Ashraf textile balance sheets over the three year span the percentage of current assets increased. On the other hand Saiham textile current assets fluctuated. We see that Ashraf textile account receivable showed a relative diccreased from 2005 to 2007. Saiham textile account receivable flactuated from 2003-04 to 2005-2006. On the liability & equity portion of the balance sheets, Ashraf textile total debt of the company decline on a relative basis from 2005 to 2007. but Saiham textile total debt diccreased in 2004-2005 & increased in 2005-2006.The common size income statement show the gross profit/loss margin from year to year. We see that Ashraf textile operating expenses increase year to year & in 2007 increases sharply. whereas Saiham textile operating expenses diccreased in 2004-2005 & increase again in 2005-2006. In 2005-2007 Ashraf textile’s net profit had negetive percentage, whereas Sai ham textile’s net profit increased. In indexes analysis all financial statement items are 100%. In 2006 & 2007 Ashraf textile current assets indexed is 91. 53 & 9. 95 whereas Saiham textile current assets s indexed is 116. 26 & 100. 3 in 2004-2005 & 2005-2006. The indexed income statements give much the same picture as the common size income statements – namely, fluctuating behavior. In Ashraf textile income statement total gross loss indexed are 100, 196. 037491 & 22. 46332822 in 2005 , 2006 & 2007. Whereas Saiham textile’s gross profit are 100, 69. 3974 & 76. 4626 in 2003-04, 2004-05 & 2005-2006. 5 4. 0 Financial Statement Analysis by ratio: For the performance measurement of Ashraf textile & Saiham textile mills Ltd. In below we are going to analysis about the two companies financial statement using ratio analysis.We used 11 methods to analyze the ratio. Here are belongs: 4. 1 Liquidity Ratio: i) Current Ratio: Current asse ts divided by current liabilities. It shows a firm’s ability to cover its current liabilities with its current assets. In below there is the graph of the two textile company’s current ratio: 0 0. 2 0. 4 ratio year current ratio(Ashraf textile) Series10. 32332 0. 13204 0. 16733 2005 2006 2007 01 2 ratio year current ratio(Saiham textile) Series11. 044 0. 764 0. 982 2003- 2004- 2005- From the graph we can see that Ashraf textile current ratio is 0. 32 times in 2005 and 0. 67 times in 2007. Here we see that current ratio has been decreased and go down in less than 1. On the other hand Saiham textile current ratio is 1. 044 in 2003-04 & next two year stay remain but it also be below the 1 and from the Ashraf textile. In the last year for both company we suggested that the current liabilities cannot be covered if existing current asset are liquated at their book values. 6 ii)Quick Ratio: Current assets less inventories divided by current liabilities. It shows a firms ab ility to meet current liabilities with its most liquid assets. 0 0. 05 0. 1 0. 15 0. 2 ratio ye arQuick ratio(Ashraf textile) Series10. 197173 0. 069725 0. 138913 2005 2006 2007 0 0. 1 0. 2 0. 3 0. 4 ratio year Quick ratio(Saiham textile) Series10. 2643053 0. 15642413 0. 38213114 2003-2004 2004-2005 2005-2006 From the graph we can easily identify that in 2006 Ashraf textile & Saiham textile quick ratio is decreased dramatically. We say that in the last year of the both company’s quick ratio increased. But Saiham textile has good position than the Ashraf textile. 4. 2 Financial Leverage debt ratio: i)Debt-To-Equity: Ratios that show the extent to which the firm is financed by debt. – 100 Ratio yearDebt to Equity(Ashraf textile) Series1-5. 239 -2. 17 -1. 253 2005 2006 2007 0 0. 51 Ratio year Debt to Equity(Saiham textile) Series10. 559443 0. 887395 0. 59995 2003- 2004- 2005- If we consider the year 2007 of Ashraf textile, the ratio is -1. 253 that creditors are provi ding for each tk 1. In the case of Saiham textile in 2005- 2006 the ratio is 0. 599 that creditors are providing. So we can say that Ashraf textile is in a better position than the Saiham textile. 7 ii) Debt-To-Total Asset Ratio: The debt to total asset ratio is derived by dividing a firm’s total debt by its total assets. 0246 ratio ear Sebt to Assets (Ashraf textile) Series11. 235926 1. 854987 4. 95805 2005 2006 2007 0 0. 2 0. 4 0. 6 ratio year Debt to Assets(Saiham textile) Series10. 358745 0. 470169 0. 374981 2003- 2004- 2005- From the graph we can realize that Ashraf textile ratio is more than Saiham textile in their last three year. We know that the higher the debt to assets ratio, the greater the financial risk; the lower the ratio, the lower the risk. So Ashraf textile has more risk than the Saiham textile. 4. 3 Coverage Ratio: i) Interest Coverage Ratio: Ratio earning before interest and taxes divided by interest charges.It indicates a firm’s ability to cover i nterest charges. It is also called times interest earned. 0 0. 51 1. 5 2 2. 5 3 ratio year Interest coverage(Ashraf textile) Series1 Series11. 7272998 2. 7067618 0. 3935626 2005 2006 2007 012345 ratio year Interest coverage(Saiham textile) Series14. 3453871 3. 1634257 2. 5946142 2003- 2004- 2005- This ratio serves as one measure of the firm’s ability to meet its interest payments and thus avoid bankruptcy. The higher the ratio the greater company could cover its interest payment without difficulty.So analyze after the two graphs we can said that Saiham textile has more interest coverage than the Ashraf textile Cement. Ashraf textile ratio is fluctuated highly in 2007. 8 4. 4 Activity Ratio: i) Receivable Turnover: the receivable turnover ratio provides insight into the equality of the firm’s receivables and how to successful the firm is in is collections. This ratio is calculated by dividing receivables into annual net credit sales. 0 20 40 60 80 100 120 140 Days year Receivable turnover(Ashraf textile) Series1 101 6 125 2005 2006 2007 0 10 20 30 40 50 Day Ye ar Receivable turnover (Saiham textile)Series1 14 6 42 2003-2004 2004-2005 2005-2006 From the graph we can say that Ashraf textile received their receivable money from the buyers within 101 days in 2005, 6 days in 2006 & 125 days in 2007. On the other, Saiham textile received within 14 day in 2003-2004, 6 day in 2004-2005 and 42 days in 2005-2006. Eventually we can say that Saiham textile was received money within short time rather than the Ashraf textile. ii) PAYABLE TURNOVER: There may be occasions when a firm wants to study in own promptness of payment to suppliers or that of a potential credit customer.This ratio is calculated by dividing purchase into total A/C payable. 0 50000 100000 150000 200000 250000 300000 350000 400000 Days year Payable turnover(Ashraf textile) Series1 138 276 360420 2005 2006 2007 05 10 15 20 25 30 35 Days year Payable turnover(Saiham textile) Series1 35 10 15 2003-2004 2004-2005 2005-2006 From the graph we can say that Ashraf textile paid their payable money to the sales within 138 days in 2005, 276 days in 2006 & 360420 days in 2007. On the other, Saiham textile paid within 35 day in 2003-2004, 10 day in 2004-2005 and 15 days in 2005-2006.Eventually we can say that Saiham textile was paid money within short time rather than the Ashraf textile. 9 iii) INVENTORY ACTIVITY: To help determine how effectively the firm is managing inventory and also to gain an indication of the liquidity of inventory. This ratio is calculated by dividing inventory into COGS. 0 100 200 300 400 Days year Inventory Activity(Ashraf textile) Series1 60 53 369 2005 2006 2007 0 50 100 150 200 250 Days year Inventory Activity(Saiham textile) S eries1 170 225 176 2003-2004 2004-2005 2005- 2006 The figures tell us how many days, on average, before inventory is turned into accounts receivable through sales.Here we see that Ashraf textile was faster than Saiham tex tile in case of inventory activity. iv) TOTAL ASSET TURNOVER: The relationship of net sales to total assets is known as the total asset turnover, or capital turnover. 0 0. 1 0. 2 0. 3 0. 4 0. 5 0. 6 0. 7 ratio year Total asset turnover(Ashraf textile) Series10. 6780095 0. 4476056 0. 05087134 2005 2006 2007 0 0. 1 0. 2 0. 3 0. 4 0. 5 0. 6 0. 7 0. 8 ratio year Total Asset turnover(Saiham textile) Series10. 77632571 0. 56348701 0. 5969018 2003-2004 2004-2005 2005-2006 The median total asset turnover for the industry is 1. 66.For this ratio analysis we saw that Ashraf textile & Saiham textile both are less efficient than the industry in this regard. On the other hand Saiham textile is in a better position than the Ashraf textile. 10 4. 5 Profitability Ratio: i) PROFITABILITY RATIO IN RELATION TO SALES: The ratio we consider is the gross profit margin or simply gross profit divided by net sales. 0 0. 51 1. 5 2 2. 5 3 3. 5 4 ratio year Profitability in ratio to sales(Ashraf textile) S eries12. 1829524 2. 6889593973. 648320722 2005 2006 2007 1. 74 1. 75 1. 76 1. 77 1. 78 1. 79 1. 8 1. 81 1. 82 1. 83 ratio year Profitability in relation to ales(Saiham textile) S eries11. 773060426 1. 820902862 1. 780171958 2003- 2004 2004- 2005 2005- 2006 It is a measure of the efficiency of the firm’s operations, as well as an indication of how products are priced. From the above graphs we saw that Ashraf textile has relatively more effective at producing and selling products above cost.ii)PROFITABILITY RATIO IN RELATION TO INVESTMENT: this profitability ratio relates profits to investment. One of those measures is the rate of return on investment, or return on asset. -2 -1. 5 -1 – 0. 50 ratio year Profitability in relation to investment(Ashraf textile) S eries1-0. 35798631 -0. 507839396 -1. 707107588 2005 2006 2007 0 0. 005 0. 01 0. 015 0. 02 0. 025 ratio year Profitability in relation to investment(Saiham textile) Series10. 023235772 0. 018004789 0. 023118956 2003- 2004 2004- 2005 2005- 2006 The standard ratio compares for this is nearly 8%. From our analysis we found that Saiham textile ratio simply fluctuates. Their percentage is not so good. On the other handAshraf textile had negative percentage from 2005- 2007. 11 5. 0Conclusion: We examine the analysis of Ashraf textile & Saiham textile mills ltd. We see that the liquidity position is nit good both of the company.Comparatively Saiham textile better than Ashraf textile mills ltd. Ashraf textile mills ltd. should change the credit policy & proper use of its assets. The profitability ratio of Ashraf textile mills ltd. Good than the Saiham textile mills ltd. The company should avoid the use of debt; otherwise company would be fall into bankruptcy. 12 6.Bibliography: i) Annual report- -Ashraf textile mills ltd. For the year of 2005, 2006 & 2007. -Saiham textile mills ltd. For the year of 2003- 2004, 2004-2005 & 2005-2006. ii) Fundamental of financial management (Twelfth editi on) -James C. Van Horne & John M

Business Rationale For Diversity Management Free Sample

CERA is a company that is working on large scale across the world. the report examines the importance of diversity management at CERA and describes the relevancy of diversity at the workplace. It has to inculcate a culture of diversity management while organizing the business. It should promote the culture in a way that everyone can see the reflection of diversity in their culture and the process. CERA has been working till now on an old model of HR recruitment but there is a necessity to keep doors opened for people from different background in order to attain cultural diversity. CERA has an issur It is recommended to incorporate principles of diversity management at the workplace in order to highlight all the important aspects of human resource management. The different aspect of diversity management is selection, recruitment, performance appraisal, training and development. Organizations need to show a commitment towards diversity and should try to integrate flexible working condition for the employees in order to attain balance at work. Moreover workplace diversity management helps in building s strong relationship with the community that helpsin enhancing the overall productivity. This process helps in improving the quality of programs and delivers an efficient service and product (Bassett?Jones, 2005). CERA has to inculcate a culture of diversity management while organizing the business. It should promote the culture in a way that everyone can see the reflection of diversity in their culture and the process. Success of the organization depends upon the ability to adopt di versity and to realize their benefits (Egan & Bendick, 2008). In order to ensure selection of diverse pool of talent it is advised to improve the HR policies which will create ample of opportunities. The HR manager should ensure recruitment of efficient candidates from the diverse pool of people through practicing diversity management at workplace (Curtis & Dreachslin, 2008). Choosing people out from a diverse pool will increase overall productivity. Moreover diversity management while recruitment and selection is not a difficult task. Reviewing HR policies timely as per the global competitive environment is suggested I order to attain objectives. It is essential to notice that a broader diversity management will help in broadening the choice. A well-managed recruitment program will help in absorbing the best candidates. This will ensure that a pool of right people is chosen to accomplish the objectives of the organization (Cooke & Saini, 2010). Diversity management focus on assembling values of t he organization and practice strategy to develop vision and organizational strategy pertaining to the requirements. Diversity management includes equal employment opportunity for every individual at workplace. This will ensure incorporating people with a different perspective and background to work under one roof. CERA needs to develop the policies focusing on promoting diversity management (Vertovec & Wessendorf, 2010). It needs to develop compliance oriented approach in order to promote diversity at workplace. The people of the organization are source of strength and competitive advantage. Diversity management has multiple impacts on the organization while considering the difficulties faced at different level. This will help in providing a competitive advantage to CERA by keeping doors opened for people from different background. This process will help in adapting effective planning at workplace. This will moreover help in improv ing innovative practice at workplace which will enhance the overall productivity. This will help in ensuring effective balance in between the desired culture and objective results. Most of the organizations are disregarding the importance of diversity at the workplace.   This has however caused a stagnant growth for those organizations to include a diverse environment at workplace (Labelle, Gargouri & Francoeur, 2010). CERA has to develop a cohesive environment that provides an opportunity for the growth by pushing various different aspects. Diversity management is correlated with the success of the organization in multiple ways which involve various cultural backgrounds (Rice, 2010). Multiculturalism is a part of diverse working environment with people from different walk of life. The diversity management looks upon the issues at multiple levels while positioning the strategic, managerial and operational functions. This practice can only be motivated if an organization imbibes  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   these functions in their culture. There should be a proper coordination in between the senior and lower level of management in order to synchronize information. Senior level executives are given responsibility to handle the multi cultural environment. This will help in enhancing the scope of the organization. CERA has to promote a multi-cultural environment by reviewing the HR plan ( Martà ­n-Alcà ¡zar, Romero-Fernà ¡ndez & Sà ¡nchez-Gardey,2012). Conventional HR policies will only land up to troubles. This practice need to be achieved through developing a cohesive environment. Diversified teams at workplace will help in managing the critical issues in an easy manner. They allow a better understanding of the issues in order to develop a multi cultural environment. Researchers have acknowledged that a multicultural environment helps in overcoming the loopholes in the organization. This provides with an insight to convert dreams into reality. CERA has to face a challenge to promote a multi cultural environment in order to seek effective result .International presence of the brand has initiated a multi cultural environment. This has created a sense of cultural awareness among employees to think with a different perspective. They are being exposed to different ideas and points and can create a workforce with a large social network group and helps in increasing the business base (Mujtaba, 2007). An organizational success and competitiveness depends upon the ability of the organization to embrace diversity by realizing the benefits. All those organizations that are handling the diversity issues at the workplace are developed according to the necessity. The beneficiary of Diversity management is the organization who gets an opportunity to expand business opportunity due to a multi cultural environment.   A company that encourages diversity management helps in inspiring the other employees in an organization.   This will provide an opportunity to handle diverse workplace issues. This will help in implementing the plans carefully (Need, 2006). Diversity management will help in providing a broad range of skills and experience to the organization that will help in providing a diverse range of customer based services. A diverse environment will benefit the organization by considering the variety of viewpoints given by individual employee while framing the business polices. This will ensure meeting out the business strategies while expanding the various opportunities. Workplace diversity is beneficial for both employee and the organization. It increases the market opportunity, recruitment and creativity and helps in meeting difficult task (Kossek, Lobel & Brown, 2006).   Diversity management helps in creating a flexible business environment in order to achieve the desired results. Flexibility and creativity at workplace will help in managing the issues in an effective manner. Moreover it will help in managing the issues occurring at a different level of an organization. This will led to recognition of various issues that occ urs at different level. CERA needs to initiate further in order to seek benefit of diversity at workplace while creating a diversified environment (Pitts, 2009). Human resource is an important part of a successful business while focusing on business strategy.   Managers understand the importance of well-trained staff in order to motivate the other employees. Successful HR departments have understood the importance of keeping efficient employees that will help in attaining goals. Business managers are responsible to communicate idea of the business to the subordinates. Diversity need to be handled in an effective manner to achieve success for attaining long term goals. Majority of business organizations has realized importance of diversity management at the workplace due to increasing complication in business. Majority of the business organization across the world are seeking opportunities to resolve the complications. CERA by far has been following the old procedure of recruiting human resource personnel. Incorporating new practices will enhance the growth opportunity. The changes taking place in the organization needs to be addressed in a manner that is necessary in developing the strength (Henry & Evans, 2007). CERA is currently operating in different countries with a diversified working environment. Under such a situation it is suggested that CERA should make its policies accordingly so that they can seek a competitive advantage against other. Business strategies need to be made keeping in mind the recruitment structure. An organization with a dynamic workforce works more efficiently when compared to other. CERA however has incorporated a multi-cultural workforce but it is advised to organize more people in order to attain growth (Wrench, 2016). It is necessary to give proper representation to the minority while managing diversity Stakeholders in today’s business scenario play a significant role in today’s competitive world. Stakeholder management and consultation has become increasingly prevalent in today’s business scenario. Stakeholder’s consultation plays an important role in accomplishing corporate social responsibility. It is seen that business that engages everyone around is able to make a consistent performance. Stakeholder consultation is important for putting a positive effect on an organization recruitment process. This helps in building positive relationships in order to shape a positive job profile. It is essential for a business organization to address competing interest or differing priorities in order to shape the priorities. This will help in acknowledge the expectation in order to achieve desired result. Gaining valuable insight and information helps stakeholders in achieving dis tinguished goals. It provides a fountain of valuable experience, insight and knowledge to recruit with a vision to achieve daunting goals. This helps in facilitating successful candidates to the organization and promotes robots stakeholders engagement that will help in achieving desired goals (Foster & Harris,2005). Below mentioned are the necessary recommendations that are suggested to Mark French according to the present HRM policies and the role of diversity management at workplace. It is advised to CERA to employ people from every background in order to attain unrealistic goals. For achieving a sustainable growth it is advised to incorporate systematic changes in overall recruitment and selection procedure which will help in establishing an effective work environment. Diversity for an organization proves to be one-size-fits all option. Firstly it is suggested to involve every individual in the organization to take the responsibility of diversity. Top management to bottom management should take responsibility to manage diversity at workplace. Diversity management is all together a complex issue needs to be resolved in a simple manner to avoid future disputes (Barak, 2013). CERA should measure progress towards achieving diversity at the workplace through managing realistic goals by developing metrics. Comparing the standard and actual outcome will help in assimilating desired result within a required time-period. CERA is advised to measure all the goals on a desired parameter set by the management previously. CERA need to put all the fiscal and human resources at place in order to incorporate the policies in the organization while changing all the necessary functioning. Company need to start planning from the ground level in order to practice diversity management. Incorporating diversity management is a tough task for an organization at an initial level but managing everything in a systematic arrangement will help the organization to achieve sustainable result (Konrad, Prasad & Pringle, 2005). System is necessary to be prepared in advance in order to promote diversity. Talent acquisition is about attracting the best out of a pool of people. Once the requirement are set it is simple to choose the most efficient person for the desired post. This will enable a multi-culture environment at the workplace. Educating everyone about the role of diversity at workplace will help in processing necessary goals. It is necessary for an organization to provide proper information to the employees about the role of diversity in order to achieve desired result in the given time frame. Training is necessary to imbibe culture of the organization within employees (Pitts & Wise, 2010). It is necessary to initiate support from the top level management in order to articulate business function. Diversity represents the cultural value of an organization where everyone is treated equally irrespective of the place where they come from. Following abovementioned policies will help in incorporating a favorable environment at the workplace which will provide a sustainable environment. It is advised to decide in advance the procedure through which the vacant position would be filed. The current vacant positions are related to senior engineer and graduate engineer. Firstly it is necessary to shortlist the candidates out of the received application. The position need to be fulfilled as per the required qualification. It is recommended to the HR manager to short list the most appropriate application and to initiate the interview process. All the shortlisted candidates need to be invited for a formal written and personal interview in order to judge their knowledge. Out of the chosen candidates a final round of interview need to carried in order to ensure the best candidate. Offer letter is given to the candidate who is chosen by the interviewer. Finally the Chosen candidate is asked to give final confirmation about the job which he has opted. It is necessary to seek all proper information in advance (Harvey & Allard, 2015). HRM is all about keeping systematic information about filing the right place in the organization. An organization can only achieve success if it recruitment team is already well-trained. In today’s competitive scenario this has become evident to recruit the best employees. CERA has to involve a diversified workforce in order to attain desired result. Assembling people from a different cultural background is necessary for attaining differential results. This has become important foot every organization around the world to include efficient workforce in order to access maximum result (Aytemiz Seymen, 2006). Advice of friends and colleagues are taken serious by maximum number of people while making employment decision.   Most of the decision made b the young generation is affected by the peer and surroundings. A career option according to them depends upon moment of choice. They are particularly opting for those career options which are advised to them by their friends. In a co mpetitive atmosphere the decision related to career options are widely affected due to numerous career options. However it has become important that the external influence for a person is causing a huge amount of pressure while guaranteeing successful career. It is affecting their mental status and providing them with an insight to make a futuristic decision (Shen, Chanda, D'netto & Monga, 2009). It is advice to CERA that they should focus on determining the relevant standard to the organization while improvising the selection procedure. Diversity is much broader than what it is considered by the organization. Human resource needs to promote broad range of policies not only in recruiting diverse workforce but to implement effective procedure. This is necessary for an organization to implement the efficient policies in the organization so that CERA can perform extraordinary by acquiring a pool of efficient workers around the world. Diverse workforce helps in achieving desired results which will help it in receiving long term growth. There is a necessity to implement selection process that understands individual differences. Every individual has a different sort of mindset and it is very important for an individual to ally all the activities to recruit the best out of all. The report is related to implication of diversity management at CERA and the studies relevant manner to at tain goals. The company has been focusing on incorporating diversified human resource in order to attain sustainability. CERA can perform extraordinary by acquiring a pool of efficient workers around the world. They have to frame systematic policies in order to achieve desired result. Aytemiz Seymen, O. (2006). The cultural diversity phenomenon in organisations and different approaches for effective cultural diversity management: a literary review.  Cross Cultural Management: An International Journal,  13(4), 296-315. Barak, M. E. M. (2013).  Managing diversity: Toward a globally inclusive workplace. Sage Publications. Bassett?Jones, N. (2005). The paradox of diversity management, creativity and innovation.  Creativity and innovation management,  14(2), 169-175. Cooke, F. L., & Saini, D. S. (2010). Diversity management in India: A study of organizations in different ownership forms and industrial sectors.  Human Resource Management,  49(3), 477-500. Curtis, E. F., & Dreachslin, J. L. (2008). Integrative literature review: Diversity management interventions and organizational performance: A synthesis of current literature.  Human Resource Development Review,  7(1), 107-134. Egan, M. L., & Bendick, M. (2008). Combining multicultural management and diversity into one course on cultural competence.  Academy of Management Learning & Education,  7(3), 387-393. Foster, C., & Harris, L. (2005). Easy to say, difficult to do: diversity management in retail.  Human Resource Management Journal,  15(3), 4-17. Harvey, C. P., & Allard, M. (2015).  Understanding and managing diversity. Pearson. Henry, O., & Evans, A. J. (2007). Critical review of literature on workforce diversity.  African Journal of Business Management,  1(4). Konrad, A. M., Prasad, P., & Pringle, J. (Eds.). (2005).  Handbook of workplace diversity. Sage. Kossek, E. E., Lobel, S. A., & Brown, J. (2006). Human resource strategies to manage workforce diversity.  Handbook of workplace diversity, 53-74. Labelle, R., Gargouri, R. M., & Francoeur, C. (2010). Ethics, diversity management, and financial reporting quality.  Journal of Business Ethics,  93(2), 335-353. Martà ­n-Alcà ¡zar, F., Romero-Fernà ¡ndez, P. M., & Sà ¡nchez-Gardey, G. (2012). Transforming human resource management systems to cope with diversity.  Journal of Business Ethics,  107(4), 511-531. Mujtaba, B. (2007).  Workforce diversity management: Challenges, competencies and strategies  (pp. 207-229). Llumina Press. Need, W. C. D. H. P. (2006). Human resource management: Gaining a competitive advantage. Pitts, D. (2009). Diversity management, job satisfaction, and performance: Evidence from US federal agencies.  Public Administration Review,  69(2), 328-338. Pitts, D. W., & Wise, L. R. (2010). Workforce diversity in the new millennium: Prospects for research.  Review of Public Personnel Administration,  30(1), 44-69. Rice, M. F. (2010).  Diversity and public administration: Theory, issues, and perspectives. ME Sharpe. Shen, J., Chanda, A., D'netto, B., & Monga, M. (2009). Managing diversity through human resource management: An international perspective and conceptual framework.  The International Journal of Human Resource Management,  20(2), 235-251. Vertovec, S., & Wessendorf, S. (Eds.). (2010).  Multiculturalism backlash: European discourses, policies and practices. Routledge. Wrench, J. (2016).  Diversity management and discrimination: Immigrants and ethnic minorities in the EU. Routledge. With a decade's experience in providing essay help,

The Origin Of Christianity Research Paper Example | Topics and Well Written Essays - 1250 words

The Origin Of Christianity - Research Paper Example Davidmann bases the origin of Christianity on what Jesus really taught, whose standpoints are the social laws as they appear in the Torah. Early Christians followed those laws for they protected people from exploitation, subjugation, and enslavement. He observes that this is what Jesus taught. However, he points out that Paul changed what Jesus originally taught and this is what finally Christianity’s official doctrine became. The knowledge was transmuted through scrolls from the biblical archaeology and what was written there constitute the events of the very first time. Davidmann further points that the Pauline ideologies were first resisted and for Christianity to thrive, the later gospel writers had to alter the records in favor of Paul. Using what he calls â€Å"the law of the excluded middle,† Jackson asserts that either Christianity is of divine origin or it is of human origin and not both. Because Christianity claims to be of a sacred design, he focuses on a number of factors that argue for the sacred origin of the religious system initiated by Jesus Christ. Christianity had a remarkable point of beginning. There are no traces of its foundations in Assyria, Babylon, Egypt, Greece or even Rome. Towards the spring of A.D. 30, Christianity was nowhere. Christianity was a momentous religious force – not only in the Mediterranean world but also in inaccessible corners of the Roman Empire. Apparently, there is no exact place from where it came, yet gradually, it was everywhere. Nobody knows how that happened. It aroused the resentment of many Jews for the first forty years of its survival until the Jewish economy fell to the hands of the tyrannical Romans in A.D. 70 (Jackson, 1997).

Gallery review Essay Example | Topics and Well Written Essays - 500 words - 1

Gallery review - Essay Example The lady by his side is, on the other hand, has the hair well attended to and everything on her appears organized. The second picture in the same row indicates both the lady and the gentleman holding on their cheeks as they focus keenly on the object before them. In the second row, there is the side view of the same lady, but now with very thick layer of side beards and the beards are also all over her chin. The second picture in the row shows the front view of the same lady’s face with the hair still around it. In the last picture, in the row, both are shown, the lady right in front of the gentleman, the man also with visible changes on his face. The hair on his head remains intact, but the hair around his face on the cheeks and the chin are all shaved, and these spots remain clear save for the moustache. In the last row, the first and the second pictures both show the two in front of the machine-like object, now standing side by side and starring at it. Both still have the changes introduced in their faces. In these two pictures, the two interchange their positions. The writing below the exhibition reads, â€Å"†¦is a unique work that examines the boundary of what is typical† What seems to be exhibited is the work of facial hair transplant from a man to a woman. I tend to believe that the exhibition would want to display to the judgment of the viewers, if the transfer of some of the external features like the facial hair, from a man to a lady would really make a man appear like a woman and a woman like a man. In my view and judgment, this does not really happen. This is because despite the hair being introduced on to face of the lady, as evidenced in the middle row pictures; the lady still looks feminine while the man whose facial hair has been shaved still appears masculine in all manner of appearance. I think this exhibition informs the viewers that the question of femininity or masculinity is not all about the physical appearance, and I would

Antibiotic Management of Common Respiratory Infections Essay

Antibiotic Management of Common Respiratory Infections - Essay Example It is unfortunate and alarming that overuse and misuse of antibiotics is bringing resistance to most of the common bacteria. The misuse of antibiotics stems primarily from the inherent inclination of doctors towards prescribing the latest and potent antibiotics without thorough microbiological, M, C & S examinations. To curb this antibiotic abuse the empirical antibiotic management has become the prime necessity of all hospitals (Hedrick, E). Modification in the treatment is made depending upon the patient's progress and bacterial sensitivities. Antibiotic course is started before the availability of microbiological results based on common conditions, but modifications or changes are made when microbiology results are available. As: Recommendations for initiating Antibiotic therapy: The severity of the condition, possible infecting pathogen(s) and route of administration (preferably oral) are to be considered. Constant monitor of the patient's response and changing the route of drug from IV to OD is essential within 24 hrs. Obvious advantages of OD over IV for ciprofloxacin, metronidazole and co-amoxiclav. Except for the severe disease conditions (bone infection) antibiotic therapy should be carried out maximum for 5 days. Restricted Anti-infective Agents: certain drugs are restricted due to their efficacy, toxicity and cost. Doctors need to work closely with the microbiologists and infectious disease experts to stop the misuse. Aim & Objective: Antibiotic use is associated with increased rates of antibiotic-resistant organism. The present study is carried out to empirically measure antibiotic prescription rates and identify predictors of antibiotic use for adults diagnosed for common respiratory infections as per the guidelines laid on resistance pattern at UHL. Methodology: Antibiotic prescription common respiratory infections University Hospital Lewisham Adult Formulary Summary of Antibacterial Treatment Common Respiratory Infections Date of Examination: Name of the Patient: Age: Physician: Weight: Blood Pressure: Gender: Respiratory rate: Allergies: Diabetes: X-ray Chest: Recommended/ Not recommended Present Medication: Symptoms: Microbiology report: (Microscopy, Culture & Sensitivity) Date: Treatment Prescribed: Result: Antibiotics reduce the normal flora of the body especially digestive tract. C.difficle is a spore forming bacterium which is part of the 'normal' bacteria in the gut of up to 3% of healthy adults. Patients who have been treated with broad spectrum antibiotics are at greatest risk of C.difficle associated disease especially cephalosporin amoxicillin and quinolones (Misuse of Antibiotics). Conclusion: Although antibiotics

Survey of Healthcare Management Essay Example | Topics and Well Written Essays - 500 words

Survey of Healthcare Management - Essay Example ng meeting every end year where the plies of the people are raised and taken into consideration, appraising performance, the management to provide a proper working environment which is safe and clean. To empower the involved parties activities to be carried out include offering educational talks about the nature of the industry and giving the workers a chance to develop themselves. The plan focuses on impacting skills to the workers through means such as on job training, providing leave outs for individuals to attend classes and offering scholarship opportunities to willing individuals who are competent to advance in their studies. This will arm them with the needed skills to enable the conduct their duties efficiently. The model advocates for teamwork by offering group work assignment to workers. There is also requests for the views of the community including the patients attended to and the families living in the area to rate the quality of the services provided (Olsen, Erica, 32=55). An employee training plan is a plan that captures all the activities to be carried out to ensure for the desired skill to be passed to the employee to ensure that they perform them with proficiency. The following activities will be adopted to ensure that there is efficiency in the plan. For example the classes are scheduled at the time the target group is able and easily access the class rooms, well trained tutors are to be hired to ensure delivery of the desired content and motivational allowances are provided. The skills should involve review of past periods policies and procedures and contrite on important topics The employee are empowered by being given a chance to part in decision making, given authority to act in given circumstances and taught how to solve issues among clients. The plan also outlines the way in which issues involving the patients can be handled (Aubrey, 43-67). To warrant constancy with the dream and mission statement and service strategy, frequent checks

International Finance Essay Example | Topics and Well Written Essays - 1750 words - 2

International Finance - Essay Example The first section highlights how General Electric suffered adversely because of the 2011 crisis in Japan that involved an earthquake, tsunami, and nuclear radiation. The second section of the paper involves calculations on covered interest arbitrage in order to investigate the amount of profit achieved and the amount of loss achieved by a corporate foreign investor.This paper stresses that The common characteristics of multinational enterprises include huge capital outlay, which contribute to the massive investments usually made by the MNEs. MNEs also have wide market presence in form of retail stores in numerous countries or subsidiary companies in numerous countries, a big workforce, and huge sales volume because of the wide market presence, wide and highly decentralized organisational structure. Lastly, MNEs have cultural diversity within their organisational setting. General Electric decides to venture into Japan through other subsidiaries such as Hitachi-GE Nuclear Energy Limite d because of the country’s robust economy, which is ranked third Worldwide in terms of gross domestic product after the United States and China. This essay has identified that for a foreign company to decide to venture into another local market or country, the local market has to be endowed with various factors that make it a conducive business environment. Such an environment is most likely to favour the business operations of the foreign company, give it an opportunity to growth further, and increase it profitability level.

Research the historical events and circumstances leading up to and Essay

Research the historical events and circumstances leading up to and involving the creation of the Film Production Code - Essay Example Free speech did not extend to film making industry and motion pictures. The industry was concerned over pointed profanity, suggestive or licentious nudity, inference of sex perversion, illegal trafficking of drugs, white slavery, sex hygiene and venereal diseases, scenes of actual childbirth and ridicule of the clergy. One of the films that were produced in the pre-Code period that accelerated the need for the code was the Sign of the Cross. In addition to being profane, proponents of the code believed that the Film Production Code would do away with evident scenes of nudity that made direct inference to sex and ridiculed the clergy (Dixon et. al., 2008). The code was abandoned since it outgrew its importance as TV technology encroached. Movies were faced with serious competitive threats. With televisions, Americans did not have to leave the comfort of their homes to watch moving pictures. Hollywood decided to offer something that could not get on TV broadcasts, and this was under more restrictive censorship code; Motion Picture Association of America. Thus Film Production Code was abandoned (Gilbert,

Political Science Paper Essay Example | Topics and Well Written Essays - 1500 words

Political Science Paper - Essay Example They all came up with different views concerning political authority. Hobbes supported complete monarchy; Locke supported natural rights and Rousseau spoke of joint self-government in the name of "the general will" (Cohen and Fermon, p 281). This paper will discuss the social contract of Hobbes, Locke, Rousseau, and Burke; giving a clear understanding of human nature as viewed by the four philosophers and explaining whether the philosophers think that the congress is a â€Å"broken branch†. Question 1: A social contract of Hobbes, Locke, Rousseau, and Burke Thomas Hobbes Thomas Hobbes wrote that, in the absence of political law and order, human life would result to be; solitary, poor, nasty, brutish and short lived (Cohen and Fermon, p 205). This would give all individuals fundamentally the right to everything, and thus the freedom to murder, sexual assault and theft. Thomas Hobbes came up with the social contract whereby individuals came together and surrendered some of their individual rights so that others would relinquish theirs. It meant that an individual Y would give up on their right to kill for another individual Z to live. This resulted in the setting up of a state, an independent body which would create laws to control social interactions. Hobbes preferred a monarchy system. This meant that human life was thus no longer a warfare but peace towards all (Cohen and Fermon, p 206). John Locke John Locke's idea of the social contract was different from Hobbes' in several deep ways. It retained only the central notion that individuals within a state of nature would come together to form a state (Cohen and Fermon, p 243). Locke wrote that integrity linked people together in a state of nature, by The Law of Nature. They could not bring harm to one another in their lives or belongings. He stated that without the government to protect them against those looking to wound or enchain them; individuals would not be secured in their rights and freedoms. They would survive in panic. Locke quarreled that individuals would be in agreement to create a state that provided room for a government which would protect their lives, independence, and possessions of those who existed within it (Cohen and Fermon, p 244). Jean-Jacques Rousseau Rousseau's political theory differs in vital ways from that of Hobbes’ and Locke’s. Rousseau's theory of socialism stands out in his development of the "luminous conception† of the â€Å"general will† (Cohen and Fermon, p 2). In his easy of the social contract, he said that it was the foundation of political rights based upon unlimited popular dominion. Rousseau argued that liberty would only be achieved where there was direct rule by the citizens as a whole in lawmaking. This was because of the popularity of sovereignty being inseparable and absolute. Rousseau also maintained that the individuals were not familiar with their "real will," plus that an accurate society would not be bor n until a prominent leader arose to create new standards and ways of the individuals, he thought that this would be best achieved if a planned use of religion would be introduced. He termed the consummate leader as â€Å"the Legislator† (Cohen and Fermon, p 280). Edmund Burke Burke unlike Hobbes, Locke and Rousseau; spoke against democracy. He thought though it would be desired by many individuals in most regions, in his country Britain; he stated that it would be incept

Mia philippines Essay Example for Free

Mia philippines Essay The Philippines was first put on the map by Portuguese adventurer Magellan working for the Spanish throne on March 16, 1521. The Philippines had become a Spanish colony and was the first country to be named after a sovereign, Phillip II of Spain.1 Spanish rule had continued until 1898 when the Philippines had become an American colony following the Spanish-American War for the stately sum of $20 million. In 1942 during WWII, the Philippines had fallen under Japanese occupation and was liberated by American and Filipino forces under the leadership of General Douglas MacArthur in a fiercely contested battle that raged on between 1944 and 1945. The Philippines had attained its independence on July 4, 1946, and had a functioning democratic system. 2 The Philippines Archipelago consisted of 7,100 islands, covering an area of 299,735 square kilometers and was slightly larger than Arizona. The capital city of Manila was situated on the largest Philippine island of Luzon (see Exhibit 1). The Philippines had a gross domestic product (GDP) per capita of $3,400.3 The percentage of the population of the Philippines living below US$2 a day was 45.2 per cent in 2006.4 PHILIPPINE BUSINESS ENVIRONMENT Research conducted in 2009 showed that the Philippines was ranked 140th for ease of doing business and 155th for starting a business, out of a total of 178 countries. It took on average 15 procedures and a total of 52 days to complete business startup procedures in the Philippines compared to six procedures and 44.2 days and 5.8 procedures and 13.4 days for the same process in Asia and Organisation for Economic Cooperation and Development (OECD) countries, respectively.5 The Philippines had the second lowest savings and investment as share of GDP ratio in Asia6 (see Exhibit 2). PHILIPPINE FISHING INDUSTRY The Philippines has total territorial waters of 2.2 million square kilometers, of which coastal waters comprise 266,000 square kilometers and coastal reef area (10 to 20 fathoms deep, where reef fishing takes place) comprise 27,000 square kilometers.7 In 2003, the Philippines ranked eighth among the top fish-producing countries in the world with its total production of 3.62 million metric tons of fish, crustaceans, mollusks and aquatic plants (including seaweed). The production constituted 2.5 per cent of the total world production of 146.27 million metric tons.8 The fishing industry’s contribution to the country’s GDP was 2.3 per cent and 4.2 per cent, at current and constant prices, respectively. The industry employed a total of 1,614,368 fishing operators nationwide,9 of which the artisanal fisheries sector accounted for 1,371,676.10 Artisanal fishing operations were typically family-based and used smaller craft. There were a total of 469,807 fishing boats in the Philippines, of which 292,180 were non-motorized and 177,627 were motorized.11 Fish was not only an important source of nutrition, but as fishing did not require landownership or special permits it was an employment of last resort for people who had no other means of subsistence. MIA, DENMARK MIA was established in Denmark in 1975 by wealthy businessman Hagen Nordstrom, who dedicated the NGO to his wife Mia and made fighting poverty his life’s work. (MIA stood for â€Å"beloved† in Danish.) MIA had initially focused solely on poverty-alleviating projects in Africa and had expanded its operations to Latin America and the Caribbean only in the early 1990s. The grandson of Nordstrom, Gillis Nordstrom, had taken over as MIA chairman in 2004 on the eve of the Bander Aceh Tsunami of December 26, 2004, which devastated Southeast Asia and killed as many as 130,000 people.12 Nordstrom had taken initiative and redirected MIA to focus on disaster recovery and poverty alleviation projects in Southeast Asia. MIA had established an office in Manila in January 2006, and the young Danish development economist Borje Petersen was hired to manage the MIA Philippines office. Petersen was paid a starting salary of $75,000 a year plus housing, slightly below average for a comparable development economist position. Petersen knew that MIA’s attention was focused on Indonesia and Malaysia, which had been the hardest hit by the tsunami, and was anxious to carve out a position for MIA Philippines by designing an exceptional project. As the expansion into Asia was the pet project of MIA’s chairman, Petersen felt assured that funding would be easily appropriated and even expedited. Petersen knew that the average overseas posting for a development economist for MIA was two years and had quickly established contact with local and international stakeholders and set up numerous meetings with large development project counterparts such as the Asian Development Bank, the World Bank and the German development aid organization GFZ to get an expedited understanding of the Philippines and its unique needs. Based on the initial research, Petersen had decided that, whereas an agricultural project would be feasible, it would take a long time to realize and the outcome could be complicated given the Philippines’ proneness to be hit by typhoons. Petersen’s research had revealed that small-scale aquaculture projects had been successfully implemented in the Philippines in the past. However, there were hardly any projects to speak of directed at artisanal fishing and picking up on the vested opportunity and his desire to deliver fast results and prove himself worthy of the task that MIA and its chairman demanded, he had chosen to design a project helping artisanal fishermen. Petersen had researched the possibility of helping a fishing village close to Manila and the search for the ideal village had come to a successful ending when MIA’s driver, Vicente Tubo, had mentioned how some of his distant cousins fished for a living in a fishing village seven to nine hours by car from Manila. A factfinding mission to the village Barangay San Hagon was undertaken and the village was thus chosen as the beneficiary of MIA’s pilot project in the Philippines. BARANGAY SAN HAGON Barangay San Hagon boasted 125 households and had a resident population of 625. San Hagon lay on the south coast of Luzon, the largest island of the Philippines. The Barangay was the smallest administrative division in the Philippines and stemmed from the Spanish â€Å"Barrio.†13 Barangay San Hagon was administered by a local government unit (LGU) and consisted of seven Barangay council members and a chairman. The chairman of Barangay San Hagon was Rafael Buenaventura, age 59, who had held office for more than a decade. Fishing villages in the Philippines were very vulnerable to external risk, especially natural calamities such as typhoons, flooding and fish kills, which severely affected their financial situation.

Alternative Minimum Tax Essay Example for Free

Alternative Minimum Tax Essay Good to hear from you Alex. Estate and gift tax can be a burden so let me help you clear the air and give you a fresh take on what to do. First I’m going to want to explain to you the estate tax formula. Then I will discuss the interplay between gift and estate taxes. I have a few strategies for you to minimize estate taxes that I can let you in on and will help you on the long run. I would also like to explain the generation-skipping transfer tax and its relationship to gift and estate tax, because this might relate to you. From all this I will give you my advice on whether to invest in your son and his business idea. I would like to explain the estate tax formula and how it is computed. The first step is to gather or compile the gross estate and that consists of all the property in which you have an interest in. This would be the total dollar value of all the property and assets you have at the time of your death. The gross estate figure will be before liabilities like debt and taxes are deducted. The next step will be to subtract all the debt, funeral, and administration expenses. This will give you the adjusted gross estate. We would then normally subtract the property passing to the surviving spouse. In your case, your spouse no longer plays a factor but that may come to play if you decide to remarry and include your possible future spouse in your will. After we have taken out these items we would come up with your taxable estate. We will have to add the adjusted taxable gifts. This would be the excess of $13,000 annual gift exclusion amount. Under some special circumstances, if the gift was included in the gross estate it would not have to be reported again. Once this is done we will have you estate tax base. We then can find your tentative estate tax from the tax table. Our next step would be to subtract gift taxes payable on gifts includible in the estate tax base. We also have to subtract the applicable credit amount. The applicable credit is also known as the unified credit. This credit applies to both the gift and estate taxes. In 2012 the maximum unified credit is at $1,772,800 and the applicable exclusion amount is at $5,120,000. If after all this is done and a tax is still payable we will subtract other possible credits. These credits would include state tax credits, the credit for prior transfers and the foreign tax credit. The final result would be the tax payable that is due with the estate tax return. Gift and estate taxes work together and there is a specific purpose to that. While you are alive, and gift transfers may be subject to the federal gift tax. After your death, the estate transfers (property and assets) may be subject to federal estate tax. The reason these two taxes work together is so at the time of your death you cannot avoid the estate tax by giving away your property. The one good thing is that they both have exclusions that we can take advantage to avoid taxes. A gift and estate lifetime exclusion can work together to allow you to transfer up to $5,120,000 of lifetime gifts. They both will not be imposed with gift or estate tax. Anything after this exclusion will be subject to the 35% tax rate and that goes for both gift and estate tax. Another way they are intertwined is that if you have to make large gift tax payments during your lifetime this would result in lower estate taxes. In some circumstances the combine total of the early gift taxes and the later estate tax would give you an even lower estate tax that you would have gotten with the estate tax alone. This would then allow you to pass on even higher values to your beneficiaries. There are a few estate tax strategies that I want you in on and that will eventually lower you estate tax. First is marital transfer, which neither lifetime gifts nor bequests at death to one’s spouse are subject to estate taxes. This type of transfer might be an incentive for you to remarry but don’t recommend that be your only reason for remarriage. Another strategy is lifetime gifts to children and grandchildren. An example of this is to give annual gifts of $12,000 to any number of persons. By giving this gift a husband and wife can give a collective amount of $24,000 per year per recipient without having to incur a gift tax. This can add up to a substantial amount over a number of years. Uniform transfer to minors is another option. You can accomplish this by gifting to the children that are still minors which is usually given to a custodian for the benefit of the child. This would be distributed to the child when the child reaches 18 and like other gifts would be subject to an annual exclusion for lifetime gifts. Irrevocable life insurance trusts are available for you to use. To do this you would be transferring small amounts of your estate that are equal to the amount of a life insurance premium to an irrevocable life insurance trust. When this is done, you will be reducing your taxable estate and creating a much larger asset outside of the estate. The life insurance proceeds are generally not taxable. A private annuity can be made to make a sale of an asset to a younger generation in exchange for an unsecured promise. This promise is to pay annual amounts to the seller for the seller’s lifetime. Furthermore, charitable transfers can reduce the size of the estate and thereby reduce the estate taxes. Lifetime gifts provide an additional benefit of an income tax deduction. This last one I think is one of your best bets for transferring your estate to your child or children. A family limited partnership can provide a valuable estate planning tool to assist your family in transferring ownership of family owned businesses. This would also help protect your family assets from creditors as an added bonus. Considering that you will be making larger amounts of money, this option permits taxation of partnership income at your child’s lower tax rates. This plan offers plenty of intriguing options but also the added features of the family limited partnership flexibility and revocability. With your son’s possible criminal record, this gives you control in case things don’t pan out like you wish. What is generation skipping transfer? A generation skipping transfer is shift of property by gift to a person who is two or more generations below that of you. For years wealthy individuals gave away their fortune or property to grandchildren without paying federal estate taxes. This tax was made to prevent people avoiding this tax by skipping generations. This tax is only due when a skip person receives amount in excess of GST estate tax credit. One good thing is that most people will never encounter the GST tax because the tax credit levels are pretty high. Currently taxpayers are entitled to a $5 million GST tax exemption. Leaving a dynasty trust offers two advantages to the GST exemption. One is that the trust will escape all transfer taxes when the child dies. I would then pass tax-free to the grandchildren. The trust can be protected from the claims of creditors and to some extent, money seeking ex-spouses. Overall I hope I have given you some ideas on what to do and how to avoid estate taxes. Estate taxes can be avoided and you don’t have to take it sitting down. There are plenty of tax loopholes that you can still take advantage of. Now for the matter of your son it is in my personal recommendation for you not to just give your child, Jackson, the gift of three million. As there will be a gift tax that will apply to it for this current year that can be avoided. Instead I hope you decide to make a family limited partnership as to give you control of that money and still give your son the opportunity to pursue his dream to make custom cabinets. Eventually you can leave the company to Jackson after you know that the felony charges will not affect him and he has shown promise in maintaining the company. This once again is my recommendation but you have the option to do as you see fit. You are not limited to this and we can always work together to find something that will fit your c hildren or family needs.

Role and Impact of Micro Finance Institutions

Role and Impact of Micro Finance Institutions INTRODUCTION The strong economic growth is bound to create employment opportunities and therefore it will reduce unemployment. The evidence provided by the Labor Force Survey 2005 (First two quarters) clearly supports the fact that economic growth has created employment opportunities. Since 2003-04 and until the last half of 2005-06, 5.82 million new jobs have been created as against an average job creation of 1.0-1.2 million per annum. Consequently, unemployment rate which stood at 8.3 percent in 2001-2002 declined to 7.7 percent in 2003-04 and stood at 6.5 percent during July-December 2005.The rising pace of job creation is bound to increase the income levels of the people. Agriculture, housing and construction, IT and telecom sector, and SME are the sectors, which have created relatively more jobs. The estimation of poverty line enables the policy makers to further identify and group the population into various poverty bands such as extremely poor, vulnerable and non-poor etc. The current growth rates however need to be strengthened to arrest the current growth in poverty levels. Macro stabilization, governance reforms and re-profiling of external debt stock have created prospects for growth in future. The government has indicated its willingness to speed up the pace of structural reforms to meet the major challenges of: Reducing poverty, Improving governance and administration, Improving the fiscal and balance of payments positions, Restoring investor confidence, Achieving higher growth on a sustainable basis, and Improving social indicators. 1.1 MICROFINANCE SECTOR Microfinance in Pakistan is relatively a new concept as compared to other countries in the region. The NGOs and Rural Support Programs has been the major player in the sector since early 1980s covering about 5% of more than 6.5 million poor households in the country. Recognizing microfinance as an important poverty alleviation tool, the Federal Government has adopted a microfinance policy that mainstreams the concept of sustainable microfinance, recognizes the private sectors role in poverty reduction and encourages its entry into banking with the poor. It has enacted a legal framework, the MFIs (Micro Financing Intermediaries) Ordinance 2001, for establishing Microfinance Banks in private sector and also facilitated establishment of Khushhali Bank, a public private partnership, with twin objective of substantially increasing outreach of microfinance services in the medium term and giving a model institution to the private sector to follow. The MFIs Ordinance 2001 inter alia stipulates the functions, capital requirements, ownership structure, terms and conditions for establishing Microfinance Banks/Institutions in the country, audit and disclosure requirements and winding up procedures. The provisions of the ordinance are applicable on microfinance institutions mobilizing savings from public to finance their operations. The operations of NGOs and other programs providing micro credit and allied services through sources other than public deposits/savings are not covered under the ordinance. The framework allows establishment of three categories of formal microfinance banks in the country via: Nation wide MFBs minimum paid-up capital of Rs.500 million Province wide MFBs minimum paid-up capital of Rs.250 million and District wide MFBs minimum paid-up capital of Rs.100 million 1.2 EVOLUTION OF MICROFINANCE IN PAKISTAN The microfinance movement in Pakistan followed a unique evolutionary path over the last decades. The proceeding paragraphs present the three development phases of the sector. Each phase represents entry of new institutional forms and structures in the Pakistani microfinance sector. Some of the highlights of this 30 year old history are as follow: Phase-1: 1970s, Government directed credit. The use of finance (mostly credit) as a development tool has a history in Pakistan in the form of government directed/subsidized credit schemes particularly in rural areas. In recent years Small Business Finance Corporation (SBFC), Youth Investment Promotion Society (YIPS), Self Employment Scheme (SES) and Yellow Cab Scheme are typical examples. While SBFC and YIPS represent a direct institutional intervention through use of public funds and institutional structures, SES and Yellow Cab schemes represent indirect government pressures on financial institutions, both public and private; to engage in politically motivated directed credit. In the last two initiatives, the government literally forced commercial financial institutions (mostly public sector) to provide concessionary financing especially to unemployed youth and business start-ups. The loan defaults associated with these schemes affecting the financial institutions profitability has been extensively reported in the popular press. Phase 2: early 1980s to mid 1990s philanthropy of finance. The emergence of the Pakistani microfinance sector is usually traced to two pioneering development institutions The Aga Khan Rural Support Program (AKRSP) and the Orangi Pilot Project (OPP). The early pioneers was established in 1982 by the Aga Khan Foundation (http:// www.akdn.org/), AKRSP was the first Integrated Rural Development Program of its kind, outside the government domain. It has focused its development interventions on the Northern Areas of Pakistan. The later day Rural Support Programs (RSPs), initiated by the government, were inspired by the AKRSP model of rural development. The first large scale practical implementation and conceptualization of development frameworks such as social mobilization and group lending methodology can be traced to AKRSPs microfinance model initiated in 1982. While AKRSP pioneered development service provision in the rural, agrarian frontiers of north Pakistan, OPP took up the challenge of tackling urban poverty in the biggest slum settlement in Pakistans port city and commercial capital Karachi. OPP was established by Akhtar Hameed Khan, considered to be the father of rural development in Pakistan. OPP was established in 1987 and its development services include housing, sanitation and education. The RSP model, AKRSP formulated and implemented integrated development approach whereby rural population was organized into Village Organizations (VOs) and the needs prioritized by these community organizations were provided for through a broad range of development services such as education, health, sanitation as well as financial services (microfinance). AKRSP endeavored to develop human, social and financial capital of the communities it worked with. This integrated approach was replicated by government initiated development organizations called Rural Support Programs (RSPs). By 2004, RSPs were working with more than 43,000 community organizations comprising of more than 1,000,000 households. Sarhad Rural Support Program (SRSP) was the first RSP to be established in 1989 as a replication of AKRSP model in the North-West Frontier Province of Pakistan. In the same year a Pak German development project was restructured as an RSP and renamed as Balochistan Rural Support Program (BRSP). Later on Punjab Rural Support Program (PRSP) was also launched by the Government of the Punjab province. The establishment of National Rural Support Program (NRSP) (www.nrsp.org.pk) in 1992 has a special significance. While SRSP and BRSP had provincial focus, NRSP was meant to be the largest national RSP with development interventions including a very ambitious microfinance program all over Pakistan. The rural focused microfinance operations of NRSP have expanded into urban areas as well under its Urban Poverty Alleviation Program (UPAP). With the above mentioned perspective, the microfinance strategy during the early 1990s has certain common elements; the word micro credit was used instead of microfinance symbolizing provision of only loans (and compulsory savings) as a social service equivalent to other development needs such as education, health, sanitation etc. Microfinance best practices as we know them today were still in their formative stages and had not crystallized into a coherent set of principles and frameworks even at the international level. Phase-3: late 1990s till the present entry of the specialist MFI. The later part of 1990s saw the entry of regulated financial institutions such as commercial banks and leasing companies in the microfinance arena. Mostly urban based microfinance only programs also came up in major cities of Pakistan. Regulatory structures started taking shape, spawning a new microfinance institutional structure The Microfinance Bank (MFB). 1.3 VIABILITY OF PROPOSED MICROFINANCING BANK (MFB) IN THE COUNTRY In the light of the above scenario the establishment of the proposed micro financing bank (MFB) in the country raises many doubts about its effectiveness to reduce poverty, sustainability to survive in the long run, and opportunity cost of resources diverted from other potential projects towards the MFB. The banking sector in the country has a long history of poor targeting and high default rate in the economy. The past experience of cooperative societies in the country is also that of a disaster. Million of rupees were lost in these schemes on the name of credit. Mainly their borrowers as well as defaulters are from the high-income group and influentials in the society. An evaluation of the pilot project for micro financing of the National Bank of Pakistan (NBP) for the future establishment of the proposed MFC is also not very encouraging. The bank does not have any mechanism to identify the poor regions and poorest in the country to provide micro credit. There are no poverty profiles that can indicate, which regions are the poorest and which villages or localities are severely impoverished in different provinces of the country. Therefore, the loans are mainly provided on the basis of subjective criteria which increase the chances of poor targeting of the scheme. Similarly, the bank does not have the experience, culture and environment for providing microcredit to poor in the country. The procedure for credit and collateral requirements of the bank is so complicated that it not only excludes the poorest from the scheme but it also increases the chances of leakage in the scheme. In fact, during a field visit by the author in one of the pilot project areas in Sindh, it was observed that the bank borrowers are paying extra charges/commission for receiving the inputs from the bank recommended dealers. Ironically, there is neither women staff nor woman borrowers in the pilot project area of NBP, whereas one major objective of the program is the empowerment of women through micro financing and women should be 33% among the borrowers. Other major NGOs providing micro financing in the country are Agha Khan Rural Support Program (AKRSP), National Rural Support Program (NRSP), Sarhad Rural Support Program (SRSP), Orangi Pilot Project (OPP), SUNGI Development Foundations, Kashf Foundation (Kashf), Sindh Agricultural Forestry Workers Cooperative Organization (SAWFCO), Thardeep Rural Development Program (TRDP). Moreover some international donor agencies like OXFAM and Save the Children Fund (SCF) also provide providing microfinance through intermediary NGOs in different parts of the country (www.spdc.com.pk) 1.4 PROBLEM STATEMENT Studies illustrated that poverty exerts a significant impact on education, health status, savings and the real GDP. For example; the evidence on reducing vulnerability however, is somewhat clearer. The provision of micro credit has been found to strengthen crises coping mechanisms, diversify income earning sources, build assets and improve the status of women (Hashemi et al, 1996); H0 : Micro financing has not reduced the poverty. H1 : Micro financing has reduced the poverty. This hypothesis suggests that as micro financing affects poverty in a positive manner, as a result, education, health status, saving and real GDP of the household has a positive relationship with the micro financing. The existing evidence on the impact of micro credit on poverty is not clear-cut. There is a work that suggests that access to credit has the potential to significantly reduce poverty. (Khandker, 1998); On the other hand, there is also a research which argues that micro credit has minimal impact on poverty reduction, (Morduch, 1998); Being a finance student the motivation was previous research which was very broad but not specific to the chosen statement. A broader perspective was present but the absence of narrower contexts compelled me to undertake this research. The study has many aims. The main purpose was to address the problem of poverty and apply it to the national scenario. Efforts are directed to utilize and process all available data, avoid bias and error, and generate important results. 1.5 OBJECTIVE OF THE STUDY The specific objectives for the study are outlined as follow: 1. To assess the role and impact of micro-finance institutions on the livelihood of poor. 2. To assess factors that hinders the rural poor from participating in Micro finance Institutions 3. To draw conclusion and give some policy recommendations for the successful implementation and development of micro financing programs. Rest of the project is organized as follows. In chapter two we have provided literature review, in chapter three we have defined data and methodology, in chapter four the results have been explained and in chapter five we have concluded the project with some recommendations. CHAPTER NO.2 LITERATURE REVIEW In the past few years there is an increase in research in the area of Micro Financing. Micro finance or micro credit, by providing small loans and saving facilities to those who are excluded from commercial financial services has been promoted as a key strategy for reduction or combating poverty. Access to these facilities is seen as away of providing the client that are economically active with opportunities for self reliance through entrepreneurship, cushioning them against economic shocks, and providing a mean of social empowerment for poor women and men in their communities. Yet although microfinance programs are often driven by a moral imperative to alleviate poverty, the extent to which they are able to reach the poor with their services and likely economic and social impacts continue to be issues of debate. Binswanger and Landell-Mills (1995) states that constraints in relation to suppliers.i.e. Private Banks excludes the poor because small transactions are unprofitable. Providing financial services to the poor and women is not easy. Many borrowers are not credit worthy and dont have profitable projectors. Thus, that the need for micro financing is an undeniable fact. According to Yanor, Benjamin and Pipren (1997), the issue that should be raised in this context is the importance of the informal sector in LDCs economy and its constraint to develop by lack of credit. On top of that, Salad vine and checkering (1991) confirmed this fact by noting that, the informal sector which contributed about 35% to 65% and 20% to 40% to employment and GDP in most LDCs respectively, is constrained by lack of credit. The provision of micro credit has been found to strengthen crises coping mechanisms, diversify income earning sources, build assets and improve the status of women (Hashemi et al, 1996); Coleman (1999),in his study of a village-banking program in Thailand, advances the literature by expanding on this concept to control for self-selection biases and introduces both observable village characteristics and village fixed effects to control for program placement bias. Utilizing data on 455 households, including participating and non-participating households in treatment villages where a village bank is already offering micro credit, and selected future participants and non-participants in control villages that have been identified to receive a village bank program but have not yet actually received funds, Coleman uses a difference-in-difference approach that compares the difference between income for participants and non-participants in program villages with the same difference in the control villages, where the programs were introduced later. Zaman (1999); explored the relationship between micro credit and the reduction of poverty and vulnerability by focusing on BRAC, one of the largest micro credit providers in Bangladesh. He concluded that micro credit contributes to mitigating a number of factors that contribute to vulnerability, whereas the impact on income poverty is a function of borrowing beyond a certain loan threshold and to a certain extent contingent on how poor the household is to start with. His empirical analysis also suggested that micro credit has the greatest on female control over assets and also on her knowledge of social issues controlling for a host of other characteristics. The Need For Micro-Financing According to Khandker (1998), the alleviation of poverty requires diverse measures. The most important being those, which expand the income and employment opportunities of the poor, enabling them to enhance their living standards providing the poor with access to financial services is one of the many ways to increase their income and productivity. Micro financing programs are developed to fill this gap. The rural poor in LDCs are in desperate needs of credits, microfinance programs are supposed to make available this credit needs and keep the poor to increase their living standard. Lack of saving and capital make it difficult for many poor people who want jobs in the formal and informal sectors to become self employed and to undertake productive employment generating activities, providing credit seems to be a way to generate self-employment opportunities for the poor. In this regard, MFIs in relation to other financial intermediaries has special role and distinguishing features which are given as follows: The primary objective of MFIs is to address the credit needs of those who are willing and ready to reduce their chronic poverty by engaging in farming and small scale production and service activities (Getahun, 2001). Besides provisions of credit facilities, MFIs render managerial, marketing technical and administrative advise to borrowers by reaching borrowers at there place of work.(ibid) MFIs do not require collateral to extend credit in cash or kind to peasant farmers and small entrepreneurs. Instead peer group-leading scheme, character based loans and the promise of subsequent loans is main motivations for repayment (Marguerite, 2001). Saving requirement is introduced as a compulsory feature of lending activity and this saving requirement seems to serve as a motivator for repayment of loan since borrowers choose to repay the loan than losing the amount they saved (Getahun, 2001) 2.2 Country Experiences on Micro-financing 2.2.1 Experience of Bangladesh Why it is that micro-finance becomes a great concern for the whole world as an instrument for poverty reduction in rural areas? It seems because it has recorded success in countries where it has been implemented Abiy (2000). A brief look at this success stories is as follows. One of the most successful countries often mentioned in the development of microfinance is Bangladesh. Micro finance organizations like Grameen Bank, Bangladesh Rural Advancement Committee (BRAC), Proshika (PK), Association for Social Advancement (ASA), largest 20 credit NGOs (not including Grameen Bank), and Bangladesh Rural Development Board (BRDB) are operating in the country mentioned For instance, the Grameen Bank, which was established in 1983 as a challenge to existing collateral-based financial system, has had a promising result. It operates exclusively for the poor on the promise that rural people, who won too little land, support themselves as farmers, can never the less make productive use of small loans and repays them on time. The bank also promotes social development by making the poor accountable to individually and socially. Such intermediation improves productivity and income of the poor. This, in turn, also improves their loan payment rate and hence contributes to the Grameen Banks financial Viability. As the result it is the most successful credit program for poor and this may be seen from the outreach status and loan recovery so that the banks loan recovery rate has consistently remained above 90 percent Pit and Khandker (1998). 2.2.2 Experience of some African Countries Formalized micro finance institutions in Africa is a more recent phenomenon. The 1950s and 1960s led to a proliferation of rural leading programs that focused on the provision of subsidized credit by government development banks. After this period in 1980s, the replication of Bangladeshs Grameen Bank began to be tested using primary donor funds to provide credit to a wide number of solidarity group members (Paxton and Fruman, 1998). For our purpose, however, we will look only two countries Kenya and Burkina Faso- the former representing relatively densely populated region and the latter is less densely populated. For example, in Kenya KREB (Kenya Rural Enterprise Bank) is a micro finance institution serving the poor in rural and urban areas of Kenya. It was established as an intermediary NGO to provide financial and technical assistance to NGOs in Kenya that are involved in developing or promoting the development of micro and small enterprises. Since 1990, KREB has successfully transformed grants from its development partners into loan capital for nearly 30,000 businessmen and women. It has been able to do so at a positive return since 1994. KREB has distributed over Kenyan shilling 300 million each year since 1995 and has never run short of new customers. The PPPCR (Le project de promotion du petit credit rural) has been particularly innovative in adopting the Grameen style of group lending to the conditions in Burkina Faso. Certainly the sahelian region represents one of the most challenging environment for micro finance due to the combinations of failed prevails efforts low population density, poverty and illiteracy. To overcome some of these obstacles, PPPCR has departed from a pure Grameen replication and has adapted its own financial services and organization. Like the Grameen Bank, PPPCR has grown quickly, but cannot be compared in member of clients. By the end of 1994, PPPCR had served 10,000 clients, and two years later it had reached about 25,000 clients. Despite all of the careful modifications of the Grameen model to the Burkina Faso context, the provision of micro finance services has proved to be quite costly in the Sahel. The reasons for these high costs are more related to the environment (low population density, poor infrastructure, poverty, illiteracy etc.) than to the methodology of group lending itself. The PPPCR has experienced greater efficiency in the past couple of years as it continues to learn from its early experience achieves economies of scale. Generally, the results in this study have shown that none of the institutions have been able to cover the cost of subsidies despite in roads towards financial viability. Most of micro finance institutions limit their ability to achieve high volumes of loan advances and savings. In sum, the most important lesson is that a wide variety of market niches exist in the field of micro finance. In a more recent study, James et al, (2001) estimated the impact of an urban credit program in Zambia on business performance and on a range of indicators of household well-being. They found that borrowers who obtained a second loan experienced significantly higher average growth in business profits and household income. The Bolivian experience indicates that all the institutions studied had, on balance, positive impacts on income and asset levels. (Mosley 2001); In Pakistans context, Khan (2001); estimated the economic impact of the support program on rural households. He concluded that the economic impact of the support program on rural households is substantially large and probably makes a significant difference to the households close to the poverty line. However, he qualified this conclusion by arguing this conclusion holds particularly for those rural households that participate on a sustained basis over a long period. However, international experience strongly suggests that microfinance projects do not reach all segments of poor. Even the minimal or no collateral requirements potentially exclude the poorest from the schemes. In Bangladesh, for example, only one forth of all microfinance clients is among the hard-core poor. The UNDP report (2000) claims that the hard-core poor having few assets are reluctant to take on the risks of credit, and when they do, it is usually for emergencies and consumption, not for production. Extending fin ancial services to the poorest requires innovations which go beyond those that have been developed so far. Morduch (1999); argued, The promise of micro finance should be kept in context. Even in the best of circumstances, credit from micro finance programs help find self employment activities that most often supplement income for borrowers rather than drive fundamental shifts in employment patterns. It rarely generate new job for others, and success ha been especially limited in regions with highly seasonal income patterns and low population densities. The best evidence to date suggests that making a real dent on poverty rates will require increasing overall levels of economic growth and employment generations. Micro finance may be able to help some households take advantage of those processes, but nothing so far suggests that it will drive them. The experience of micro finance in Pakistan is not that different from other countries, it is generally recognized that the present micro financing framework is characterized by low coverage (an inability to reach the poor), targeting inefficiency (the poorest are left out, inadequate of support (insufficient loan sizes), a low degree of ease of lack of self financing (dependence on donors). Rodriguez-Meza (2001); studies strategic defaults in microfinance. More specifically, he evaluates the effect of different contract designs on borrower repayment behavior for both individual and joint liability contracts. Rodriguez-Mezas model shows that lenders willing to grant loans large enough for borrower to achieve their optimal level of investment may face sustainability problems, as borrowers may find it optimal to default under these circumstances. He finds that clients can default on their loans even when they have the ability to repay due to the absence of perfect collateral. His results have serious implication for the viability of MFOs and their role in economic development. In addition to these studies, practitioners, donors and academics concerned about the negative effects of client exit on the overall sustainability of MFOs have conducted several descriptive studies on the issue (Hasan and Shahid, 1995); Khan and Chowdary, 1995; ASA, 1996; Kashangaki, 1999; Maxima Bali, 1999; Painter and MKNelly, 1999; Simanowitz, 1999; Wright et al, 1999; Churchill, 2000; Kuwik and Mashaba, 2000; Churchill and Halpern, 2001; Schreiner, 2001;.Overall, they found that most people are pushed out of MFOs, especially in Africa, due to adverse push factors, such as client maturity and competition, also play a role in pulling clients away from MFOs, especially in Latin America and Asia, where the micro finance industry is more developed and competition is more intense. The governments goal of poverty reduction is to be realized through a comprehensive approach that takes into account the interaction of economic, social and governance dimensions. The approach is outlined in the interim poverty reduction strategy paper (IPRSP).Expenditure and budgetary allocations for poverty reduction measures have been enhanced. The poverty alleviation program of the government has five elements: Small infrastructure projects, Social safety net, Food support program, Improving social indicators and Expanded access to MF and skills development services through grassroots Organization such as NGOs and village organizations. Greater private sector involvement in poverty reduction is envisaged. The social action program phase two (from January 1997 to June 2002) aims to improve access to basic social services like primary education, primary health care, population welfare services, potable water, sanitation and middle schooling. The government has also responded to growing unemployment, with a series of scheme including the mass self employment program. The incidence of poverty is to be reduced from 33% of population to be target kevel of 15.1% be end 2008. To enhance outreach of MF, the government has adopted a comprehensive approach to address issues and constraints through a conductive policy framework, appropriate supervisory and regulatory infrastructure, institutional capable of outreach to the poor and finally, investments in social intermediation and basic infrastructure. The government has plans to restructure DFIs.Emphasis will be placed on good governance, sustainability, and public private partnership, community based services delivery through NGOs, Pro-poor focus and gender concerns. This strategy complements the effort of the PPAF and other MF suppliers and provides the basic for a concerted effort to enhanced outreach in a grossly underserved market. Gender focus will be emphasized in the strategies and underlying activities in various government programs. A permanent commission on the status of women has been formally announced to protect womens rights. The IPRSP also recognizes the gender dimension of poverty and proposes reform of discriminatory laws and measures to coordinate policies. Within the IPRSP framework, a review and modification of economic and social policies to incorporate gender perspectives is planned. Strengthening of gender focal points in federal and provincial women development departments and identification of targets for the implementation of the National Action Plan (Ministry of Women Department) have been envisaged. On the basis of the literature reviewed, we have developed the following conceptual framework. Fig 2.1 DEVELOPMENT OF CONCEPTUAL FRAMEWORK Poverty Micro financing in education, health status, savings and real GDP Dependent variable Independent Variable P= f (EDU, HS, SAV, RGDP) Where, EDU = Education HS = Health Status SAV = Savings RGDP = Real Gross Domestic Product. CHAPTER NO.3 DATA METHODOLOGY This part of the report illustrates the methodology that will be used to conduct this study. The conceptual framework for the study is depicted in Fig 2.1. We want to study the dependence level of the dependent variable and its association with the independent variables. Pool regression analysis is a well recognized methodology to analyze relationships and dependence among different variables. The research instruments used in this study were ordinary least square multiple regression analysis, Granger causality test. In view of the limited time frame of the study the sample size was restricted to thirty one. This study was descriptive in nature and deals with the most important and alarming issue of Micro financing. REGRESSION ANALYSIS: In statistics, regression analysis is a collective name for techniques for the modeling and analysis of numeri