Humanities Baroque free essay sample

Indication of the Baroque Period Roughly around the backtalk to backtalk, the Baroque time frame woke up bringing increased nature, and progressively close to home and enthusiastic articulation to workmanship. It began in Italy and spread out like a plaque all through Europe, the Americas. What's more, Spain. Everything from workmanship to writing and even music was progressively showy and was given more feelings. Catholicism was for the most part being reflected off of the Baroque expressions. Sensational strict artistic creations were being made Literature was being written In a manner that It will be memorable.The King James disintegration of the Bible impactsly affected expressions of the human experience. It was done In 161 1 and was viewed as the most Important change In English writing and printing (Risen). It was set to change the whole English language and keep the passionate impact. The new interpretation of Scripture saved the otherworldly intensity of the Old Testament Hebrew and the account force of the New Testament Greek (Hero 62). We will compose a custom article test on Humanities Baroque or then again any comparable subject explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page The King James Version was a major piece of the Baroque time frame in light of the fact that was a bit of writing that had increased passionate words and could really be seen erectly by the reader.In Baroque work of art, watchers can envision the enthusiastic effect the canvas has. Everything is in real life and the artistic creation resembles shot in whats going on. In Aggravations The Crucifixion of Saint Peter, everything is painted right in the center of the execution. Holy person Peter isn't up yet however sincerely busy arriving. The canvas is initiated and has complex developments. Gravity has an exceptionally ground-breaking pull In this image too. Watchers can see the feeling In Saint Pewters face that he Is frightened however brave.Aggravating tried to recount to a story In this artistic creation with feeling since you see a poor, honest, and destitute looking man being killed. Everything from the folks filthy feet and base who lifting up Saint Peter is essentially standing out to the watchers face. The three men don't appear there face as they kill Saint Peter and it adds puzzle with regards to who might do such a demonstration. Everything from the nails In Saint Pewters hands to the earth on their feet is genuine and engaging. Light Is underlined In this painting too in view of the dark background.The Baroque period and Its work of art gave out genuine feeling while the activity is going on. All the strain in one artwork is tossed into the watchers faces (Hero). Music in the Baroque time frame encircle itself with cadence, song, terraced elements, surface, and basses. Arrangers would communicate feelings and warmth in their music and split away from the Medieval occasions by utilizing vocal and Instrumental music. A well known arranger In the Baroque time frame was Johann Sebastian Bach. He used to for the most part church music however then built up an increasingly melodic potential for the concerto form.The best created tune in his profession was known as The Art of Fugue. A fugue is a polyphonic structure wherein a solitary melodic topic is repeated in successive expressions (Firer). Florid music got feelings and even audience members who dont even comprehend the brightness piece of Bach, can grow an adoration for his music Just tuning in to It. Music. It perpetually changed writing and the English language for individuals to comprehend it better and can be moved by the words in text rather than Just understanding it. Works of art were profoundly made with such feeling and let watchers see the fine art in real life.

Service Marketing Organization Theory

Question: Talk about the Service Marketingfor Organization Theory. Answer: Presentation: The primary reason for this contextual investigation is to comprehend the pertinence of QR codes in the administration segment. The advertising openings and potential points of interest of QR codes are additionally talked about in this investigation. The apparent dangers related with items for purchasers on use of QR codes concerning administration industry are likewise talked about for this situation study. The future substitutes like AR, NFC, Google goggles or Snap tag for QR codes that can improve business tasks of administration area and clients fulfillment are likewise examined in this examination. The phase at which clients needed to get enough data about the items or administrations they needed to buy or use is the critical stage for utilization of QR codes during the time spent shoppers dynamic. The information identified with items is key component during the shoppers dynamic and utilization of QR codes will be noteworthy for conveying the data as indicated by need (Higgins et al, 2014). QR codes will have the option to give enough data about items nature. The item data given by the QR codes is reliable in nature as indicated by data search and furthermore goes about as essential strategy to decrease the dangers during the item buy choice by the purchasers. Speculations of equalization scorecard and showcasing blend are additionally most significant components that give the data identified with item or administrations to the buyers. Equalization scorecard will empower shoppers about their needs identified with items and furthermore proposes suitable activities to buy the ideal items (Babin and Zikmund, 2015). Showcasing blend additionally gives customers enough information identified with items or administrations they wanted to buy and furthermore gives data identified with all characteristics of the items with data of assembling organization also. There are a few promoting business chances of QR codes in administration division that encourages the business to develop in effective way. QR codes can be connected to give establishment data. These can likewise gives source data identified with parts or administrations that should be supplanted. These likewise help in coordinating to the business tasks and furthermore help the organizations in employing proficient for business. These codes are additionally utilize important coupons or uncommon proposals for any business to advance items or administrations in compelling way (Wirtz and Lovelock, 2016). These additionally give criticism types of the clients to adequately improve the quality or issue identified with the items or administrations for the organizations. The client needs to have information identified with filter QR codes. The money related organizations utilizing QR codes for getting to speedy data of clients to surrender follow calls with respect to deals. The greater pa rt of the carriers organizations are utilizing QR codes as goes for advanced boarding. Verizon likewise utilizing QR codes at its retail locations which permits clients to take an interest and win advanced mobile phones. Showcasing blend will help in advancing items or administrations at proficient areas to various clients (Hunt, 2014). The item factor of promoting blend will give enough data identified with items or administrations offered by the organizations to clients. Ansoffs lattice can likewise be utilized for deliberately creating business tasks for associations. This gives magnificent showcasing chances to build up the item in effective way. QR codes are significant angles in stock administration or assembling industry. These assistance in following more items costs and names that can incorporate part number, sequential number and other data. QR codes can likewise be utilized rather than standardized identifications as can encode most extreme items or segments. These codes can undoubtedly be perused utilizing mobile phones or PDAs and not expects scanners to understand data. These codes can likewise spare or store enormous measure of data as far as URLs, writings and geo facilitates (Klein, 2014). These are likewise savvy and empower organizations not to buy scanners to record all stock exchanges in proficient way. The workers of administration businesses want to utilize mobile phones to sweep OR codes as these are helpful and simpler to utilize. These additionally not require advanced mobile phones to be associated with PCs to work business activities for administration division. Watchmen model will help the administration area in examining their rivals and will likewise assists with getting to the variables that can empower them to accomplish wanted business development of organizations. Maslows hypothesis likewise causes the organizations to comprehend the clients wants and on that premise items or administrations are created by the organizations (Lusch and Vargo, 2014). This hypothesis additionally makes the administration segment to effectively utilize the QR codes so as to get upper hand in the preset advertising conditions. There are different systems received to draw in clients to utilize QR codes to get data identified with items or administrations. These codes offer interactivities to shoppers so that can examine codes for propelling promotions on their telephones that can expand potential to associate by clicking to play out a few errands to get offers or coupons. This makes customer associated with brand with brisk access to all data identified with items or administrations (Kim and Yoon, 2014). The clients who don't have adequate mechanical information have the trouble to comprehend QR codes and sacking those codes is even troublesome undertaking for those clients. These codes should be simpler to san that ought not require any mystery from the purchasers. The apparent reaction of QR can be comprehended with assistance of intelligence which incorporates client control, responsiveness and connectedness and quickly reacts on shoppers demands. Doormen model will assist the organizations with analyzing the dangers or new contestants for the QR codes and will upgrade business development for organizations by giving applicable data identified with items and their importance for the clients. The SWOT and PESTLE investigation will likewise help administration division to decide chances on items related with utilization of QR codes for the buyers (Baker, 2014). These hypotheses additionally give enough business chances to support segment by giving snappy data o clients utilizing QR codes. There are such a large number of cases related with wrong or time situation on abuse of QR codes. AR, NFC, I-Beacons, interactive paper Google goggles, or Snap Tag can be the future substitutes for QR codes that will surely upgrade activities of administration segment and simultaneously, likewise ready to fulfill all needs of the clients. Snap labels are quicker and can store a larger number of information than QR codes. Enlarge Reality (AR) overlays the whole world with substance of digitalism (Waters, 2017). AR is for the most part live, backhanded and direct introduction of physical and genuine word whose components increased with sound, designs, or video by the PCs. Close to handle correspondence (NFC) primarily incorporates NFC chips and cell phones. This aides in trading contact data inside the two gadgets and simpler to utilize. Interactive papers will assist the clients with linking with various connections or social catches where required data showed as the picture overlaid on the connections. The swot investigation and pestle examination apparatuses of showcasing will help the administration part to extend its business activities as per current business condition and will likewise fruitful in fulfilling all needs identified with quality and amount of the items or administrations (Hatch and Cunliffe, 2013). The swot investigation will help administration segment in breaking down inner structure of business and techniques needs to improve business activities. Further, pestle investigation will dissect the outer condition for administration part and will assist with shaping systems or grow such items that can fulfill all needs of the clients. References: Babin, B. what's more, Zikmund, W. (2015) Exploring showcasing research.USA: Cengage Learning. Pastry specialist, M. (2014) Marketing system and the executives. UK: Palgrave Macmillan. Incubate, M. what's more, Cunliffe, A. (2013) Organization hypothesis: present day, representative and postmodern perspectives.UK: Oxford college press. Higgins, L., Wolf, M. also, Wolf, M. (2014) Technological change in the wine advertise? The job of QR codes and wine applications in buyer wine buys. Wine Economics and Policy, 3(1), pp.19-27. Chase, S. (2014) Marketing Theory: Foundations, Controversy, Strategy, and Resource-advantage Theory.UK: Routledge. Kim, E. what's more, Yoon, N. (2014) Perceived QR code innovative qualities in the shrewd shopping setting. Diary of Global Fashion Marketing, 5(4), pp.297-307. Klein, M. (2014) Contribution of QR-Codes to the Marketing Mix A Case Study. The executives, 4(3A), pp.1-11. Lusch, R. what's more, Vargo, S. (2014) The administration predominant rationale of promoting: Dialog, discussion, and directions.UK: Routledge. Waters, J. (2017) Future options to QR codes. [Online]. Accessible at: https://www.dummies.com/business/showcasing/internet based life promoting/future-options to-qr-codes/(Accessed: 11 April, 2017). Wirtz, J. also, Lovelock, C. (2016) Services showcasing: individuals, innovation, strategy.UK: World Scientific Publishing Co Inc.

How to Onboard and Integrate New Employees Effectively

How to Onboard and Integrate New Employees Effectively As per statistics, 22 percent of turnover takes place within the initial 45 days and 16 percent in the course of the first week. The key reason for the turnover is bad onboarding and shifting expectations pertaining to the position. © Shutterstock.com | designer491In this article, you’ll read about 1) employee onboarding â€" importance and benefits, 2) stages of onboarding and integration, and 3) best practices.EMPLOYEE ONBOARDING IMPORTANCE AND BENEFITSLimit startup expenditure and curtail expensive turnoverIt is a common feature of many industries that organizations lose as big a percentage as 15% of employees each year. Fortunately, good onboarding programs ensure that your current employees are valued and equipped with all tools required to succeed. They reveal in a tangible manner how the organization is genuinely concerned about its employees, reducing the likelihood of the latter looking for a job elsewhere. Proper orientation assists new hires with quickly getting up to speed, thereby bringing down the expenses pertaining to learning the job.Investing in employees benefits your companyEmployees are an organization’s key asset. Invest resources and time into keeping your employees creative, informed , loyal and protective and you would reap the benefits.Brings down time-to-productivityThe metric “time-to-productivity” is quickly gaining acceptance as a vital measurement in talent management and hiring circles. It is defined in various ways. While for some, it means the time needed for new hires to accomplish the job expertise of a hire who has been at the company for two years. For others, it is the time needed for new hires to have the required equipment, skills and information to carry out their tasks at optimum productivity. With the new hires getting up to speed faster, it would be hard to distinguish between the hires who have put in one or more years of service, and the new entrants.Helps the employee acquire job-associated knowledgeProper onboarding educates employees about the mission, vision, culture and values of the organization. It also makes certain that new hires fully comprehend what’s required of them for a particular job role and how their work is connect ed to the organization’s operations as a whole. New employees get to know how to deliver and when and how they would be assessed.Helps bring about organizational cultureEmployee onboarding is used to preserve the positive organizational culture. So it is essential that fresh hires be immersed on Day One itself.Increases employee engagementEffective onboarding makes employees feel valued, helps them grow in knowledge and skills and also assists them with realizing their full potential. This leads to better employee engagement.Other benefits of proper onboarding include: a reduction in employee anxiety which one feels when one is usually in a strange or new situation, and more time saved for the supervisor because he has to spend less or no time teaching the hire if the initial orientation was good.STAGES OF ONBOARDING AND INTEGRATIONEven before you put out the job ad or post the job vacancy, make sure you know exactly what the role is for which you’re hiring and that you are clea r about the expectations. Not defining what you expect as a company and your requirements from the employee is the worst mistake you can make when starting the recruitment process. Don’t make this mistake if you want smooth and easy employee onboarding and integration.Stage One: Prior to Day OneImmediately after the hire accepts the offer, you should plan the paperwork, give him information about where he needs to be on day one, what to wear and who to report to. If you like, you can send a welcome packet or letter signed by one of the higher ranking officials in your organization, and possibly gift the employee a small token as a welcome to the company.Employee onboarding technology in the form of a branded portal can be used to deliver tailored information to new employees to speed up the paperwork process and provide new employees with the chance to work at the pace that suits them.Discuss logistics with your employee prior to the first day so that he is sure about aspects such as driving directions, public transportation, parking, dress code, expected arrival time, who to meet on arrival, lunch plans on the first day.Your employee should feel like you were fully prepared and ready for his arrival. See to it that all the necessary access and identification cards, business cards, systems and email access, keys, office supplies, map of the building/office, internal phone directory and payroll information are ready for the employee’s use before he arrives. There are many instances of employees who started looking for a new job because of unpreparedness from the part of their employer.Make the new hire feel welcome and not uneasy or suffocated. Try to present serious and sensitive issues optimistically but effectively. Don’t make it look like you’re imposing a lengthy list of rules on the new employee.Stage Two: First DayGiven below is a look at some of the important things to do on the first day. One thing is to make the organization’s mission, visio n, values and culture clear to the employee particularly how the employee’s job relates to the company’s mission. Entrust somebody with the task of meeting the fresh hire and providing an office tour. In the course of the office tour, the entrusted person would have to show the employee where the mail room, copy machine, lunch room, restrooms, employee mailboxes and such things are. Talk about the benefits package. If possible, get some staff members to treat the new hire to lunch or else to join him as he eats his lunch on the first day. Complete security and paperwork requirements.Fix a meeting with the employee’s supervisor for the afternoon of the first day. In the course of this meeting, the supervisor can give the employee a picture of the latter’s responsibilities and what the initial 30 to 90 days in his position are expected to be like.Considering the fact that new employees are expected to memorize a lot of information in a limited amount of time, encourage your ne w hire to take notes and make him feel like questions pertaining to the job are absolutely welcome.Stage Three: Initial WeekAt this stage, there should be clear communication of the new employee’s role and responsibilities. The supervisor and the new employee should discuss preferred management style and typical processes (for example: the manner of decision making). A key element of onboarding â€" the establishment of expectations pertaining to performance metrics, deliverables and timelines begins here.Introduce the new hire to senior staff as well as other employees.If the hire is himself in a supervisory role, additionally make sure that he has group or one-on-one interactions with direct reports in the course of the first week. Such meetings will assist with building a new team and enable the new employee to get an idea of each team member’s work style.If the role calls for it, also schedule meetings of the new hire with Board members, partners, funders or other entities/bo dies as per necessity.Stage Four: First Thirty daysMake it clear to the employee what you expect him to achieve and within what time frame. Also establish boundaries. This is also the stage for developing professional relationships with the manager and coworkers, cross functional orientation, work group orientation and familiarization with organizational procedures and practices. Help the new hire investigate the company’s overall culture. Involve the fresh hire in bringing the company’s vision and mission statement to life. Permit him to discern what plans the organization sticks to to keep to its core values.Stage Five:  Initial 90 daysAt stage four, the manager or supervisor should assess performance and provide feedback early and frequently.In the course of the first month, it is conventional to anticipate modest deliverables which the new employee can learn on the job as well as be on the path to confidence building and success. As the initial three months come to a close, the new hire must be close to getting up to speed. In addition, he should expect to be assessed on a regular workload.When entering the 60-day mark, brainstorm the different methods by which the employee’s strengths can step up company growth. Continue to communicate expectations in a lucid manner. Encourage the hire to get a broader perspective pertaining to the company and its objectives. Also encourage him to contribute more to presentations and conversations.All through the initial three months, look out for opportunities to merge new employees into their workgroups as well as into the organization taken as a whole.Regularly check with new hires to make certain that they are continuing to digest and develop.Stage Six: The 90 day mark and the first yearBy the time three months are over, your new hire should have a strong idea about his role and how it contributes to the company’s overall success. If all’s good, his confidence would have increased compared to the first day a nd he would be looking to put his leadership qualities to good use. The new hire should be aware and attentive of new projects and be prepared with possible solutions. Set aside some time to notice your new hire’s progress and to reward him for contributions and advancement. Assist him with avoiding minor mistakes and with setting right the errors and refocusing accordingly. The employee should be expected to be proactive with respect to his responsibilities.Stage Seven: First YearCarry out a fresh employee survey. Provide the employee with training to fill skill gaps and develop competencies. Encourage the fresh hire to make a note of ideas for enhancing the operations, culture or strategy of the organization. Though the new hire may feel uncomfortable about sharing his views on these aspects, it is essential that the organization be open to the views of newcomers.On the day the employee completes one year of service, send him a congratulatory letter or email.BEST PRACTICES1. The manager should be involvedThe relationship between manager and employee is the most important in an employee’s career and is essential in onboarding. The manager is required to meet with new hires as early as possible after the start date, to fix performance expectations, set goals, and make development plans (whether 1 year, 90 days, 60 days or 30 days). Fixing clear expectations in advance paves the way for the employee to develop a feeling of ownership and assist him with comprehending how to be successful. The necessity for involvement of the manager is particularly true for the Generation Y workforce as the requirement for personal connections is especially high.2. Engage in it over a longer time frameYou already know that onboarding should start prior to day one. However, you should also know that onboarding must continue beyond week one. According to studies, having an onboarding process that goes on for three months or over one year, leads to improved employee retention. This gives you the opportunity to deal with certain topics (product training for example) in detail compared to other programs for which a shorter duration is adequate. An extended duration also makes it possible for managers, buddies and mentors to be continually engaged and involved and to provide feedback and lucid expectations clearly and on a continuing basis.3. Invite questions and measure successAn “open door” is not enough. You need to encourage your new hires to ask questions because new employees are generally reluctant to do so if not told to. Ask them what’s working, what’s challenging and what’s just plain confusing. Make it clear to them that asking questions will help them learn and they don’t have to avoid the practice for fear of “looking dumb.”Set up a system to measure the success of your program. Get feedback from new hires about the program, at intervals (90 days, 60 days, 30 days or 1 week). Invite each of them to a focus group or one-on-one int erview to measure qualitative responses. You can use the one-on-one environment to put across open-ended questions. One example of such a question is “How do you feel about your workspace?” Reflect on questions that look into such aspects as whether they can fully tap into their capabilities and skills and/or whether they are getting suitable assignments.4. Provide lucid explanations for specific work projectsIt is not enough to provide lucid information pertaining to your company’s objectives and their work in general. It is also essential that you extend this lucidity when it comes to the new hires’ work assignments â€" what you expect them to do on their own, what resources are available, where they are required to work in collaboration with others, and the deliverables and the deadline by which they are expected, among other aspects.5. AssimilationConsider establishing a personal touch outside the workplace like taking the newbies for lunch on the first day. However, ass imilation may not be the right approach for all organizations.6. Immediately involve them in training or actual workAn onboarding survey conducted by BambooHR and released in 2014 reveals that 76 percent of the survey’s respondents concur on on-the-job training being the most essential for a hire to get up to speed and start contributing at the earliest.7. Incorporate mentorsHaving a coach or mentor for new hires increases both the effectiveness of onboarding as well as employee retention. You can assign a team member or other employee with the task of mentorship or else have a group of mentors to provide help for various departments of the organization. Mentors can assist you with building morale, improving retention, building teams, bettering time to productivity, enabling learning, providing continuing career development, and providing network and culture assimilation.8. AutomationAutmation considerably reduces the hassles associated with onboarding new employees while also inc reasing their productivity as well as that of the HR staff. Automation also helps save money in terms of time, paper, printing and shipping among other things.9. Having a single system for hiring and onboardingA dashboard-style system with portals to access various onboarding material whether manuals, paperwork or other material from a single place is a great way to reduce the laboriousness associated with onboarding. The use of such a streamlining-enabling system reduces the quantity of work needed by both the company’s HR department and new employees.10. Utilize technology (including social)As mentioned earlier, automation (technology) makes the process of onboarding less of a hassle. Also consider incorporating social tools into your everyday work practices. The storing of information, sharing expertise and development of communities on the internal social network encourages employees to utilize social tools so as to progress in their projects and accomplish tasks. Conventional one-on-one conversations can be transformed into dynamic, social discussions across lines and teams of businesses to achieve competitive value.Take the step today to improve your onboarding and integration practices and you’ll be able to retain your employees for longer. It’s definitely worth the effort.

Should You Be Worried About Lead Pipes

Lead was commonly used to make pipes in plumbing for many centuries. It is cheap, rust resistant, and easy to weld. Eventually, health concerns encouraged a switch to alternate plumbing materials.  Copper and specialized plastics (like PVC and PEX) are now choice products for water pipes in homes.  Ã‚   However, many older homes still have the original lead pipes installed. In the United States and Canada, homes built before the 1950s should be suspected of having lead pipes, unless they have been replaced already. Lead soldering, applied to join together copper pipes, continued to be used well into the 1980s.   Lead Is a Serious Health Concern   We absorb lead through the  air, our food, and the water we drink. The effects of lead on our body are very serious. The consequences of lead poisoning range from kidney damage to reproductive problems including declined fertility. Lead poisoning is especially worrisome in children, as it affects the development of their nervous system and causes permanent changes in behavior and in the ability to learn. In the last few decades, we generally have been well educated about the problem of lead in old paint and about what we needed to do to prevent children from being exposed. The issue of lead in the water, however, recently only became a public topic of conversation in the wake of the Flint lead crisis, wherein, in an ​egregious case of environmental injustice, an entire community was exposed to lead-tainted municipal water for far too long. It Is Also About the Water   Old lead pipes are not automatically a health threat. A layer of oxidized metal forms on the pipe surface over time, preventing water from directly contacting the raw lead. By controlling the pH of the water at the water treatment plant, municipalities can prevent corrosion of this oxidized layer, and even add certain chemicals to facilitate the formation of a protective coating (a form of scale). When the water chemistry is not properly adjusted, as the case was in Flint, lead is leached out of the pipes and can reach consumers’ homes at dangerous levels. Do you get your water from a well instead of a municipal water treatment plant? If you have lead in your house pipes, there is no guarantee that the water chemistry is not at risk of leaching lead and bringing it to your faucet. What Can You Do? If you have concerns about your pipes, run water from your tap to flush out your pipe before you drink it, especially in the morning. Water that has been sitting around for several hours in your house pipes is more likely to pick up lead.  Water filters can remove most lead from your drinking water. However, the filter has to be specifically designed for lead removal – check whether it is certified for that purpose by an independent organization (for example, by the NSF).  Ã‚  Hot water is also more likely to dissolve lead and carry it to your faucet. Do not use hot water directly from the faucet to cook or make hot drinks.  Have your water tested  for lead. ​While your municipality may have changed all of its delivery conduits to non-lead materials, the pipes inside your older home (or connecting to the municipal system under your front lawn) may not have been replaced. To confirm your water is safe to drink, contact a reputable, certified water testing lab and have them do an analysis. It is more costly, but its better to choose an independent company that will not try to sell you a treatment system.Your child’s blood level can also easily be tested for lead by a pediatrician. Detecting an elevated lead blood level early is important and would give you time to determine where it’s coming from.Children spend a lot of time in school – how’s the water there? Request water quality tests from your school district. If they do not have them done periodically, require they do so. Hunters are leaving lead out of their bullets, and ​​anglers are encouraged to choose alternatives. Getting lead also out of our homes and our drinking water will take more work, but it is important.

Snapping Beans Poem Analysis - 1483 Words

Aspirations The poem â€Å"Snapping Beans† by Lisa Parker speaks to all college students who leave home to go to school. This poem speaks about the insecurities kids face when they start to interact with the world. As children we learn first from our parents and close family and friends. We learn how to model our behavior from learning form those that surround us. Sometimes when we emulate our close relatives we contract the good along with the bad. So as the granddaughter comes back home to her grandmother who is the pillar of support that gives her warmth and comfort. She Is yearning to speak all about her travels and people she has met. Yet as she goes of to college for the first time interacting with vastly different†¦show more content†¦I will start with the world, â€Å"heartsick† because this word relates to the feelings that the granddaughter felt for the yarning of the comforts of her home. The sorrows drowned out by the panels of the quilt her grandmother made her. The comfort of her home away form home for those nights she felt sad and wanted to be home. The granddaughter could easily drown her fears and tears into this quilt and be reminded of the strength and the bond she has with her Grandmother. â€Å"Heartsick† was an powerful word to use to understand how the granddaughter must have felt on those miserable days. But, to tie it in to the quilt like she did was like she quilted the words together to show how and what it meant to be alone and struggled and how the granddaughter coped with her emotions. I believe that the word loose, this word was placed all the way at the end of the poem. I feel like this word speaks loudly throughout this poem significance. This poem is about the granddaughter being blown â€Å"loose† by the natural forces that cary us. In this case she is blowing â€Å"loose† of her home and her centric ideas. To explore and be â€Å"loose† in the world to experience it through her eyes t o develop her own point of view by simply enacting her own beliefs and adopting others. I felt compelled to react to the word, â€Å"slant†. â€Å"Slant†, has a great meaning in this poem for it is used in the beginning of the poem. Slant can mean aShow MoreRelatedAnalysis Of The Poem Snapping Beans By Lisa Parker1371 Words   |  6 PagesIn Snapping Beans by Lisa Parker, she strategically utilizes figure of speech such as tone, imagery, and symbolism. She expresses the poem in the first-person view while including diction which helps enhance the overall mood and attitude that Lisa s poem initially conveys in her piece. Including the title Snapping Beans itself, Lisa marvelously showcase the poem s concentration on two individuals’ in correlation to the connection amongst two individuals . She presents the adaptation of human

Indian Financial System Free Essays

FINANCIAL MANAGEMENT ASSIGNMENT ON INDIAN FINANCIAL SYSTEM amp; SOURCES OF LONG TERM AND SHORT TERM FINANCES SUBMITTED BY, PREMJITH. A P10144 PGDM 2010-12 INDIAN FINANCIAL SYSTEM The financial system in india refers to the system of borrowing and lending of funds or the demand for and the supply of funds of all individuals, institutions, companies and of the government. Commonly the Indian financial system is classified into: * Industrial finance: funds required for the conduct of industry and trade * Agricultural finance: funds needed and supplied for the conduct of agriculture and allied activity * Development finance: funds needed for development; actually it includes both industrial finance and agricultural finance * Government finance: relates to the demand for a nd supply of funds to meet government expenditure The mobilization of savings and the effective distribution of the savings among all those who demand the funds for investment purposes. We will write a custom essay sample on Indian Financial System or any similar topic only for you Order Now The banking system, the insurance companies, mutual funds, investment funds and other institutions which promote savings among the public, collect their savings and transfer them to the actual investors * The investor in the country composed of individuals investors, industrial investors, industrial and trading companies and the government, these enters in the financial system as borrowers. FUNCTIONS OF INDIAN FINANCIAL SYSTEM The Indian financial system performs a crucial role in economic development of india through saving investment process also known as capital formation. Sometimes it is also calls financial market. The purpose of financial market is to mobile savings efficiently and allocates the same efficiency among the ultimate users of funds, ie: investors * Increase in savings, that is resources that are would have been normally used for consumption purposes should be released for other purposes. * Mobilization of savings – domestic savings collected by banking and financial institutions and placed at disposal of actual investors; and * Investment proper, which is the production of capital goods. COMPOSITION OF THE INDIAN FINANCIAL SYSTEM The Indian money market is the market in which short term funds are borrowed and lent. The capital market in india on the other hand, is the market for medium- term and long term funds. Reserve bank of india Organized sector Sub Market Unorganized sector Public sector banks Private sector banks NBFC IDFC, GIC, LIC Call money T- Bills Certificate for Deposit Commercial Papers SHORT TERM AND LONG TERM FUNDS SHARES Shares comes in the Long term funds. A share is a unit of capital of the company. It has a definite face value. It represents ownership rights of their holders. Buyers of shares are called shareholder and they are legal owners of the firm whose shares they hold. Each shareholder invest their money in the shares of a company in exception of a return on their investment capital. The return of shareholder consists of dividend and capital gain. Share holder make capital gain or (loss) by selling their share. Each share carries a distinct number. Shares are transferable units. Shareholders are of two type ORDINARY and PREFERENCE shareholders. Preference share: These shares have preference over the ordinary shares in terms of payment of dividend and repayment of capital if company is wound up. They may be issued with or without a maturity period. REDEEMABLE PREFERENCE SHARE are shares with maturity and IRREDEEMABLE PREFERENCE SHARES without any maturity. The holder of preference shares get dividend at a fixed rate. With regards to dividend, preference shares may be issued with or without cumulative features. In the case of CUMULATIVE PREFERENCE SHARES unpaid dividends accumulate and are payable in the future. Dividends in arrears do not accumulate in the case of NON CUMULATIVE PREFERENCE SHARES. Features of Preference share Claim on income and assets: preference share is a senior security as compared to ordinary share. It has a prior claim on the company’s income in the sense that the company must first pay preference share dividend before paying the ordinary dividend. Fixed dividend: The dividend rate are fixed in the case of preferences share, and preference dividend are not tax deductable. Cumulative dividend: that all past unpaid dividend be paid before the ordinary dividends are paid. Ordinary Shares: represents the ownership position in a company. The holders of ordinary shares called shareholders are the legal owners of the company. Ordinary shares are the sources of permanent capital since they do not have a maturity date. However, the ordinay shareholders are entitled to receive dividends. The amount or rate of dividends are not fixed. An ordinary share is called variable income security. Being the owner the company, shareholders bear the risk of ownership; they are entitled to dividends after the income claims of others have been satisfied. Similarly, when the company is wound up, they can exercise their claim on assets after the claims of other suppliers of capital have been met. Features of Ordinary shares: Claims on income: Ordinary shareholders have a residual ownership claim. They have a claim to the residual income, which is earnings available for ordinary shareholder after paying expenses, interest charges, taxes and preference dividend. Claim on asset: Ordinary shareholder have residual claim on company asset in case of liquidation. Voting rights: Ordinary shareholder are required to vote on a number of important matters. The most significant proposals include: election of directors and change in memorandum of association. RIGHTS ISSUE When company distributes all earnings to shareholders, then, it can reacquire new capital from the same sources by issuing new shares called rights shares. BONDS A bond is a long term debt instrument or security. Bonds issued by the government do not have any risk of defaults. The private sector companies also issue bonds, which are called debentures. A company can issue secured and unsecured debenture. In case of bonds and debentures, the rate of interest is generally fixed and known to investors. Features of Bonds * Face value is the par value. A bond is generally issued at a par value of Rs:100 or Rs:1000, and interest in paid on face value. * Interest rate is fixed and known to bondholders. Interest paid on a bond is tax deductable. Interest rate is called coupon rate. * Maturity bond is generally issued for a specified period of time. It is repaid on maturity. * Redemption value The value that a bondholder will get on maturity is called redemption or maturity value. A bond may be redeemed at par or at premium or at discount. * Market value A bond may be traded in a stock exchange. The price at which it is currently sold or bought is called the market value of the bond. Market value may be different from par value or redemption value. Bonds may be classified into three (1) Bond with maturity (2) Pure discount bonds (3) Perpetual bonds Bond with maturity The companies issue bonds that specify the interest rate and the maturity period. Pure discount bonds These bonds do not carry an explicit rate of interest. It provides for the payment lump sum amount at a future date in exchange for the current price of bond. Perpetual bonds These bonds are also consols, has an indefinite life and therefore, it has no maturity value. Types of Debentures * Convertible debenture (CD) * Non convertible debenture (NCD) * Fully convertible debenture (FCD) * Partly convertible debenture (PCD) WARRANTS A warrant entitles the purchaser to buy a fixed number of ordinary shares at a particular price during a specified time period. Warrants are generally issued along with debentures as sweeteners. Warrants are used in conjunction with ordinary or preference shares. Characteristics of Warrants Exercise price of a warrant is the price at which its holder can purchase the issuing firms ordinary shares. Exercise ratio states the number of ordinary shares that can be purchased at the exercise per warrants. Expiration date is the date when the option to buy ordinary shares in exchange of warrants expires. Detachability the warrant can either be a detachable or non detachable. Detachable warrants Warrant can be sold separately from debentures to which it is originally attached Non detachable warrants cannot be sold separately from the debenture to which it was originally attached. Some of the other methods used for raising long term capitals, * CUMULATIVE CONVERTIBLE PREFERNCE SHARE * DERIVATIVE SECURITIES * BORROWING FROM FINANCIAL INSTITUTION (BANKS) SHORT TERM FUNDS It is the market for near money, or it is the market for lending and borrowing of short funds. It is the market for lending and borrowing short term surplus investible funds of banks and other financial institution are demanded by borrowers comprising individual companies and the government. The composition of Indian money market consist of Call money market One important submarket of the Indian money market is the Call money market, which is the market for very short term funds. This market is also known as money at call and short notice. This market has two segments (a) the call market or overnight market and (b) short notice market. The rate at which unds are borrowed and lent in this market is called the call money market. Call money rates are market determined by demand and supply of short term funds. The public sector banks account for about 80% for the demand and foreign banks and Indian private sector banks account for the balance of 20% of borrowings. NBFC’s like IDBI, GIC, LIC are call money market lenders. Bill market in India The bill market ir the discount market is the most important part of the money market where short bills normally up to 90days are bought and sold. The bill market is further subdivided into commercial bill market and treasury bill market. The 91 day treasury bills are the most common ways the government of india raises funds for the short period. Government has also introduced the 182 day T-Bills and 364 day T-bills, In 1997 government introduced 14 day T-Bill. Dated government securities The government of india has also decided to sell dated securities on an auction basis. The purpose of this government decision is: * To develop dated securities as a monetary instrument with flexible yields * To provide financial instrument to suit investors expectation, and * To meet Government needs directly from the market. Repo and reverse repos Repos are now a regular feature of RBI’s market operations, If the banking system experience liquidity shortage, then RBI comes to assist banking system by repurchasing government securities. When the government securities are repurchased from the market, payment is made by RBI to commercial banks and this adds to their liquidity and enables them to expand their credit to industry and trade. Reverse repo is to sell dated securities through auction at fixed cut off rate of interest. The objective is to provide short term avenue to banks to park their surplus funds. Certificate of Deposits (CD) The CD’s are another important money market instrument. They were issued by banks in multiples of Rs:25 lakhs to expand the investor base of CD’s, the min: value was reduced and is presently Rs: 1 lakhs. The maturity is between 3 months and one year. CD ‘s are freely transferable after 45 days after the date of issue. CD’s became immediately popular with banks for raising resources at competitive rates of interest. Commercial papers (CP) The commercial papers are issued by companies with networth of Rs 10 crores, later reduced to Rs: 5 crores. The CP is issued multiples of Rs. 25 lakhs subject to minimum issue of Rs 1 crore. The maturity of Cp is between 3 to 6 months. The purpose of introducing CP is to enable high level corporate borrowers to diversify their source of short term borrowings on the one hand and provide an additional instrument to the banks and financial instrument in the money market. Reference: Financial Management by I M Pandey How to cite Indian Financial System, Papers

Indian Financial System Free Essays

FINANCIAL MANAGEMENT ASSIGNMENT ON INDIAN FINANCIAL SYSTEM amp; SOURCES OF LONG TERM AND SHORT TERM FINANCES SUBMITTED BY, PREMJITH. A P10144 PGDM 2010-12 INDIAN FINANCIAL SYSTEM The financial system in india refers to the system of borrowing and lending of funds or the demand for and the supply of funds of all individuals, institutions, companies and of the government. Commonly the Indian financial system is classified into: * Industrial finance: funds required for the conduct of industry and trade * Agricultural finance: funds needed and supplied for the conduct of agriculture and allied activity * Development finance: funds needed for development; actually it includes both industrial finance and agricultural finance * Government finance: relates to the demand for a nd supply of funds to meet government expenditure The mobilization of savings and the effective distribution of the savings among all those who demand the funds for investment purposes. We will write a custom essay sample on Indian Financial System or any similar topic only for you Order Now The banking system, the insurance companies, mutual funds, investment funds and other institutions which promote savings among the public, collect their savings and transfer them to the actual investors * The investor in the country composed of individuals investors, industrial investors, industrial and trading companies and the government, these enters in the financial system as borrowers. FUNCTIONS OF INDIAN FINANCIAL SYSTEM The Indian financial system performs a crucial role in economic development of india through saving investment process also known as capital formation. Sometimes it is also calls financial market. The purpose of financial market is to mobile savings efficiently and allocates the same efficiency among the ultimate users of funds, ie: investors * Increase in savings, that is resources that are would have been normally used for consumption purposes should be released for other purposes. * Mobilization of savings – domestic savings collected by banking and financial institutions and placed at disposal of actual investors; and * Investment proper, which is the production of capital goods. COMPOSITION OF THE INDIAN FINANCIAL SYSTEM The Indian money market is the market in which short term funds are borrowed and lent. The capital market in india on the other hand, is the market for medium- term and long term funds. Reserve bank of india Organized sector Sub Market Unorganized sector Public sector banks Private sector banks NBFC IDFC, GIC, LIC Call money T- Bills Certificate for Deposit Commercial Papers SHORT TERM AND LONG TERM FUNDS SHARES Shares comes in the Long term funds. A share is a unit of capital of the company. It has a definite face value. It represents ownership rights of their holders. Buyers of shares are called shareholder and they are legal owners of the firm whose shares they hold. Each shareholder invest their money in the shares of a company in exception of a return on their investment capital. The return of shareholder consists of dividend and capital gain. Share holder make capital gain or (loss) by selling their share. Each share carries a distinct number. Shares are transferable units. Shareholders are of two type ORDINARY and PREFERENCE shareholders. Preference share: These shares have preference over the ordinary shares in terms of payment of dividend and repayment of capital if company is wound up. They may be issued with or without a maturity period. REDEEMABLE PREFERENCE SHARE are shares with maturity and IRREDEEMABLE PREFERENCE SHARES without any maturity. The holder of preference shares get dividend at a fixed rate. With regards to dividend, preference shares may be issued with or without cumulative features. In the case of CUMULATIVE PREFERENCE SHARES unpaid dividends accumulate and are payable in the future. Dividends in arrears do not accumulate in the case of NON CUMULATIVE PREFERENCE SHARES. Features of Preference share Claim on income and assets: preference share is a senior security as compared to ordinary share. It has a prior claim on the company’s income in the sense that the company must first pay preference share dividend before paying the ordinary dividend. Fixed dividend: The dividend rate are fixed in the case of preferences share, and preference dividend are not tax deductable. Cumulative dividend: that all past unpaid dividend be paid before the ordinary dividends are paid. Ordinary Shares: represents the ownership position in a company. The holders of ordinary shares called shareholders are the legal owners of the company. Ordinary shares are the sources of permanent capital since they do not have a maturity date. However, the ordinay shareholders are entitled to receive dividends. The amount or rate of dividends are not fixed. An ordinary share is called variable income security. Being the owner the company, shareholders bear the risk of ownership; they are entitled to dividends after the income claims of others have been satisfied. Similarly, when the company is wound up, they can exercise their claim on assets after the claims of other suppliers of capital have been met. Features of Ordinary shares: Claims on income: Ordinary shareholders have a residual ownership claim. They have a claim to the residual income, which is earnings available for ordinary shareholder after paying expenses, interest charges, taxes and preference dividend. Claim on asset: Ordinary shareholder have residual claim on company asset in case of liquidation. Voting rights: Ordinary shareholder are required to vote on a number of important matters. The most significant proposals include: election of directors and change in memorandum of association. RIGHTS ISSUE When company distributes all earnings to shareholders, then, it can reacquire new capital from the same sources by issuing new shares called rights shares. BONDS A bond is a long term debt instrument or security. Bonds issued by the government do not have any risk of defaults. The private sector companies also issue bonds, which are called debentures. A company can issue secured and unsecured debenture. In case of bonds and debentures, the rate of interest is generally fixed and known to investors. Features of Bonds * Face value is the par value. A bond is generally issued at a par value of Rs:100 or Rs:1000, and interest in paid on face value. * Interest rate is fixed and known to bondholders. Interest paid on a bond is tax deductable. Interest rate is called coupon rate. * Maturity bond is generally issued for a specified period of time. It is repaid on maturity. * Redemption value The value that a bondholder will get on maturity is called redemption or maturity value. A bond may be redeemed at par or at premium or at discount. * Market value A bond may be traded in a stock exchange. The price at which it is currently sold or bought is called the market value of the bond. Market value may be different from par value or redemption value. Bonds may be classified into three (1) Bond with maturity (2) Pure discount bonds (3) Perpetual bonds Bond with maturity The companies issue bonds that specify the interest rate and the maturity period. Pure discount bonds These bonds do not carry an explicit rate of interest. It provides for the payment lump sum amount at a future date in exchange for the current price of bond. Perpetual bonds These bonds are also consols, has an indefinite life and therefore, it has no maturity value. Types of Debentures * Convertible debenture (CD) * Non convertible debenture (NCD) * Fully convertible debenture (FCD) * Partly convertible debenture (PCD) WARRANTS A warrant entitles the purchaser to buy a fixed number of ordinary shares at a particular price during a specified time period. Warrants are generally issued along with debentures as sweeteners. Warrants are used in conjunction with ordinary or preference shares. Characteristics of Warrants Exercise price of a warrant is the price at which its holder can purchase the issuing firms ordinary shares. Exercise ratio states the number of ordinary shares that can be purchased at the exercise per warrants. Expiration date is the date when the option to buy ordinary shares in exchange of warrants expires. Detachability the warrant can either be a detachable or non detachable. Detachable warrants Warrant can be sold separately from debentures to which it is originally attached Non detachable warrants cannot be sold separately from the debenture to which it was originally attached. Some of the other methods used for raising long term capitals, * CUMULATIVE CONVERTIBLE PREFERNCE SHARE * DERIVATIVE SECURITIES * BORROWING FROM FINANCIAL INSTITUTION (BANKS) SHORT TERM FUNDS It is the market for near money, or it is the market for lending and borrowing of short funds. It is the market for lending and borrowing short term surplus investible funds of banks and other financial institution are demanded by borrowers comprising individual companies and the government. The composition of Indian money market consist of Call money market One important submarket of the Indian money market is the Call money market, which is the market for very short term funds. This market is also known as money at call and short notice. This market has two segments (a) the call market or overnight market and (b) short notice market. The rate at which unds are borrowed and lent in this market is called the call money market. Call money rates are market determined by demand and supply of short term funds. The public sector banks account for about 80% for the demand and foreign banks and Indian private sector banks account for the balance of 20% of borrowings. NBFC’s like IDBI, GIC, LIC are call money market lenders. Bill market in India The bill market ir the discount market is the most important part of the money market where short bills normally up to 90days are bought and sold. The bill market is further subdivided into commercial bill market and treasury bill market. The 91 day treasury bills are the most common ways the government of india raises funds for the short period. Government has also introduced the 182 day T-Bills and 364 day T-bills, In 1997 government introduced 14 day T-Bill. Dated government securities The government of india has also decided to sell dated securities on an auction basis. The purpose of this government decision is: * To develop dated securities as a monetary instrument with flexible yields * To provide financial instrument to suit investors expectation, and * To meet Government needs directly from the market. Repo and reverse repos Repos are now a regular feature of RBI’s market operations, If the banking system experience liquidity shortage, then RBI comes to assist banking system by repurchasing government securities. When the government securities are repurchased from the market, payment is made by RBI to commercial banks and this adds to their liquidity and enables them to expand their credit to industry and trade. Reverse repo is to sell dated securities through auction at fixed cut off rate of interest. The objective is to provide short term avenue to banks to park their surplus funds. Certificate of Deposits (CD) The CD’s are another important money market instrument. They were issued by banks in multiples of Rs:25 lakhs to expand the investor base of CD’s, the min: value was reduced and is presently Rs: 1 lakhs. The maturity is between 3 months and one year. CD ‘s are freely transferable after 45 days after the date of issue. CD’s became immediately popular with banks for raising resources at competitive rates of interest. Commercial papers (CP) The commercial papers are issued by companies with networth of Rs 10 crores, later reduced to Rs: 5 crores. The CP is issued multiples of Rs. 25 lakhs subject to minimum issue of Rs 1 crore. The maturity of Cp is between 3 to 6 months. The purpose of introducing CP is to enable high level corporate borrowers to diversify their source of short term borrowings on the one hand and provide an additional instrument to the banks and financial instrument in the money market. Reference: Financial Management by I M Pandey How to cite Indian Financial System, Papers