Study On The Types Of Financial Institutions Finance Essay - Free Essay Example

Sample details Pages: 4 Words: 1178 Downloads: 8 Date added: 2017/06/26 Category Finance Essay Type Compare and contrast essay Did you like this example? 2.0 Introduction Financial Institutions are very important in our society today. This institutions let individuals and firms to borrow money and pay back later in time. Financial Institutions are institutions that provide financial services for its clients and members it also acts as financial intermediaries of the capital market and debt markets. Don’t waste time! Our writers will create an original "Study On The Types Of Financial Institutions Finance Essay" essay for you Create order This institution is responsible for transferring funds from investors to companies and vice versa who are in need of those funds. Financial institutions also facilitate the flow of money through the economy. This institution must take the risk when offering funds and loans to clients. This institution responsibility is to make sure that every client or company involved are satisfied by the services they offer and avoid mistakes and risks when unexpected circumstances occur. There are 3 ways to transfer funds which are; Direct Transfer, Indirect Transfer through Investment Banking House and Indirect Transfer through Financial Intermediaries. These 3 ways are the most common and mostly used way to transfer money. 2.1 Types of Financial Institutions The first way is through direct transfer, direct transfer of money and securities occurs when a business sells its stocks or bonds to savers without going to financial institutions. Whereas, the business delivers the securities to savers and can get the payment immediately. Second way is through indirect transfer through investment banking house. Investment bank  is a type of financial institution that assists individuals, corporations and governments in raising capital through underwriting or acting as the clients agent in issuing of  securities. Compared to  commercial banks  and  retail banks, an investment banks do not take deposits. Investment bank can be categorized into private and public functions with a  Chinese wall  that separates the two in preventing the information from crossing to each other. The private areas of the bank deals with the private  insider information  that is not to be publicly disclosed, and the public areas such as stock analysis are dealt with public information. Other large service investment banks offer all of the lines of businesses, such as both sell side  and  buy side. The smaller ones sell side investment firms such as  boutique investment banks  and small  broker-dealers  focus more on investment banking and sales, trading and research. Investment banks offer services to both investors buying securities and corporations issuing securities. For corporations, investment bankers are the one who provide information about when and how to place their money to an investment banks reputation. So, investment bankers play a very important role in issuing new security offerings and making sure that the company is in good state. The third way to transfer funds is through indirect transfer through financial intermediaries. Some people do not enter financial markets directly but they use financial intermediaries or middlemen. Commercial banks are part of financial intermediary, mutual funds, pensi on funds, credit unions, savings and loan associations, and to some insurance companies is also part of financial intermediaries.  For example, when people deposit money in a bank, the bank uses the funds to make loans to home buyers for mortgages, to students so they can pay for their education, and to anyone else who needs to borrow. A person who has extra money could, seek out borrowers himself and bypass the intermediary. By not having the middleman, the saver could get a higher return. But still, people use financial intermediaries. Financial intermediaries provide important advantages to savers. First, is lending through financial intermediary is usually  less risky  than lending directly. The major reason for reducing risk is that a financial intermediary can diversify. On the other hand, an average saver could directly make only a few loans, and having bad loans would substantially affect his wealth. Financial intermediaries also insure its depositors from substantial losses. By making many loans, financial intermediaries can reduce risk; they learn how to predict a better forecast which of the people who wants to borrow money will be able to repay it in the future. People who do not specialize in this kind of lending may be in a poor judge of who loans are worth making and which are not, sometimes, even specialists can make mistakes. Another advantage of financial intermediaries give savers is  liquidity. Liquidity refers to the ability to convert assets into a spendable form which is money. House is an illiquid asset; selling one can take a lot of time. If an individual saver has borrowed money directly to another person, the loan can also be an illiquid asset. But if the lender suddenly needs cash, he must force the borrower to repay quickly, which is not be possible, or he must find someone else who will buy the loan from him, which is very difficult. So it is better to borrow money in financial intermediaries because it is safe and fast and it is legal compared to other unauthorized people because they may cheat you. 2.2 Conclusion This diagram summarizes the flow of funds in the market. The first one is; Direct transfer which shows that the stocks and bonds goes directly from the business to savers and the payment of the savers goes directly to the business itself. The second one is; Indirect transfer through investment banks which shows that the securities sold by the business go first to the investment baking house then to the savers and the payments made by the savers go first to the investment banking house and hands over to the business. In short, the investment banking house serves as the clients agent for this transactions and they take over the risks. The third one is; Indirect transfer through financial intermediaries which is same as the indirect transfer through investment banking house the only difference is that financial intermediaries have diffent forms in which the savers can choose from. The securities bought and payments will go through the financial intermediaries first and then to t he business and savers and they act as middleman. As a summary, Financial institutions are very important in our society now adays because thay help people and business to have a legal transactions. People engaged in this kind of transactions must know the risk that they are going through and financial institutions must be held liable if anything happen. In my opinion, each flow of funds has its own advantages and disadvantages whether it is direct or indirect. But for me, the best way is through indirect transfer thorugh investment banking house because savers may feel secure when they engage in this kind of transaction. The investment banks will act as the clients agent in all of this and they will make sure that the transaction between savers and business will go smoothly without any delay. And with that savers may feel that investments bank are reliable when it comes to this kind of matters. People may have different perception when it comes to this, they may choose the direc t transfer or indirect transfer through financial intermediaries. but still, savers has the assurance that their money is in good hands. They must never fall for illegal transactions like the loan sharks who offers high interest but cheat people.

Globalization of the Fast Food Industry Essay - 1802 Words

English 120 11-22-09 Globalization of the Fast Food Industry Imagine a world where almost everyone is overweight, and cultural and family traditions do not exist. Eric Schlossers book Fast Food Nation: The Dark Side of the All-American Meal explores the effects of the spread of fast-food companies like McDonalds to other countries. In his chapter â€Å"Global Realization† Eric Schlosser claims that â€Å"The global expansion of American fast food is homogenizing cultural identities; like Las Vegas, it offers â€Å"a brief sense of hope†¦ that most brilliant illusion of all, a loss that feels like winning† Schlosser carefully selects and organizes information to advance his claim by using direct evidence as well as more subtle methods. In order†¦show more content†¦Schlosser starts off by saying that McDonalds biggest forms of advertisement is toward small children. An Australian survey concluded that â€Å"half of the nations nine and ten-year-olds thought that Ronald M cDonald knew what kids should eat†(Schlosser 530). It just goes on to show how the fast food industry exploits children at such a young age. Schlosser goes mentioning that on several occasions McDonalds tends to â€Å"bully† any party whom tries to take them to court, and â€Å"threatened to sue at least fifty British publications and organizations, including channel 4, the Sunday Times, the Guardian, the Sun, student publications, a vegetarian society, and a Scottish theater group† (542). McDonalds did this for the sake of not losing a case called â€Å"The Mclibel case† which consists of a former postal worker Dave Morris and minibus driver and bartender Helen Steel which filed a lawsuit accusing McDonalds for â€Å"promoting third world poverty, selling unhealthy food, exploiting workers and children, torturing animals, and destroying the Amazon rain-forest amongst other things† (Schlosser 542). During the case McDonalds went as far as hiring spi es to break into houses to gather evidence for their case. Schlosser writes â€Å"The spying had begun in 1989 and did not end until 1991, nearly a year afterbthe libel suit had been filed† (544). This helps further Schlossers claimShow MoreRelatedGlobalization in the Fast Food Industry in Indonesia1515 Words   |  7 PagesFor this essay, I have chosen the fast food industry as the industry I will look at and Indonesia as the country. 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Prior to the globalization of the oil industry, the Ogoni culture, had a culture of tradition expandingRead MoreHuman Resource Planning and Development Leads to Success Essay examples1396 Words   |  6 PagesSupply: McDonalds Corporation is the leading fast food restaurant chain across the globe that serves tens of millions of customers on a daily basis. The corporation has fast food chains in more than 200 countries worldwide and customizes its food products to meet the demands of customers in these regions. This company has achieved tremendous success and profitability throughout its operations to an extent that it is regarded as the epitome of globalization. The ability of McDonalds to maintain itsRead MoreThe Global Arches Business1304 Words   |  6 Pagesin the fast food industry around the world. When outsiders look at the American life, they see a very fast pace, overweight, and look for the easy way out and inexpensive ways. 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Tropicana Is an American company which specialises In the production of orange lulce_ This company, owned by PepsiCo, claims that it produces 100% fresh orange juice as it is stated on their orange juice cartons â€Å"100% pure squeezed†. On the contrary, researchers have found that Tropicana’s promise of fresh Juice is not quite true. PepsCo Inc. We will write a custom essay sample on Spoof Ad or any similar topic only for you Order Now released a series of posters almlng to convince customers that Tropicana orange Juice is more than just Juice, rather it is an essential for the body because it provides vitamins, fibers, and other nutritional benefits. The Ad, â€Å"It’s More Than Orange Juice† emphasises a more positive reaction towards the brand, when truly the product does not live up to its promise. According to Heml Weingarten, a blogger on Fooducate, Tropicana orange juice is kept in refrigerator vats for more than 6 months before it is distributed to the supermarkets. Hemi also adds that in order to prevent harmful, pathogenic bacteria from forming Tropicana strips the freshly squeezed orange Juice of its flavour and colour, then adds them back through flavour packs when the orange Juice Is ready to be sold (18, 2013). Alissa Hamilton, author of the book â€Å"Squeezed: What You Don’t Know About Orange Juice† noted that: â€Å"Tropicana Orange Juice does not possess the same amount of fibers, vitamin C, and other nutritional benefits that oranges provide† which Is considered as a Ile towards the juice being 100% pure and natural (2011). Rationally speaking, every orange fruit on earth has its own taste, some are sweet some are sour. On the other hand, Tropicana’s orange Juice all taste the same which Is impossible unless It Is chemically engineered. Also, Tropicana’s Orange Juice Is ble to last for a month without changing Its flavour which clearly does not happen with truly fresh orange juice. Mike Valente, in his article â€Å"Tropicana Orange Juice: Not So Orange! † explains how the Juice is pasteurized and deoxidized, and once that is done the Juice is able to last for a longer period of time (2011). All of the above evidence Is consistent with the fact that Tropicana Is marketing their Orange juice product using lies through their ads trying to convince consumers that their product is â€Å"100% pure and natural† when it is really not. This act of manipulation led the Tropicana company to court. Jonathan Stempel stated that a lawsuit was filed against Tropicana for their fraud (2012). The Natural Society adds: â€Å"Tropicana Brand just settled out of court to the tune of 9$ million† for false advertising (2013). Spoof Ad By Lhkat Tropicana is an American company which specialises in the production of orange juice. This company, owned by PepsiCo, claims that it produces 100% fresh orange juice as it is stated on their orange Juice cartons â€Å"100% pure squeezed†. On the PepsCo Inc. eleased a series of posters aiming to convince customers that Tropicana orange Juice is more than Just Juice, rather it is an essential for the body because it product does not live up to its promise. According to Hemi Weingarten, a blogger on Fooducate, Tropicana orange Juice is kept in refrigerator vats for more than 6 months when the orange Juice is ready to be sold (18, 2013). Alissa Hamilton, author of the nutritiona l benefits that oranges provide† which is considered as a lie towards the s impossible unless it is chemically engineered. Also, Tropicana’s Orange Juice is able to last for a month without changing its flavour which clearly does not happen with truly fresh orange Juice. Mike Valente, in his article â€Å"Tropicana Orange Juice: Not All of the above evidence is consistent with the fact that Tropicana is marketing their Orange Juice product using lies through their ads trying to convince consumers that â€Å"Tropicana Brand Just settled out of court to the tune of 9$ million† for false How to cite Spoof Ad, Papers

Three Approaches to Making Ethical Decisions Within an Educational Institution free essay sample

Three Approaches to Making Ethical Decisions Within an Educational Institution Ethical decision-making is essential in understanding and demonstrating values in educational institutions. Philosophical, social and moral principles and values accentuate ethical decision-making and shape the foundation for understanding the relationship between an individuals values and decisions made in educational institutions. Administrating what an individual knows is right is not always straightforward, and determining what is right is often difficult (Beckner, 2004). An exact collection of ethical principles and moral concepts in decision-making does not exist. An understanding of ideas, values, or concepts should guide ones decision-making and demonstrate what an individual believes to be the best for students and other stakeholders in an educational institution. Individuals should prepare to utilize logical and applicable methods in decision-making, predominantly in situations where an obvious right-and-wrong answer does not exist (Beckner, 2004). The following treatise will identify, compare, and contrast three approaches to making ethical decisions within an educational institution: consequentialism, mixed-consequentialism, and deontologism. We will write a custom essay sample on Three Approaches to Making Ethical Decisions Within an Educational Institution or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page These three approaches to ethical decision-making, present a method for differentiating between right and wrong actions (Odell, 2001). Consequentialism In consideration of the consequential approach, individuals should do whatever brings about the best results in a situation. This idea relates to common sense in the logic thinking that if individuals know the results of a specific action will be better than the results of another, then the individual should choose the action which will have the best outcome (Uglietta, 2001). In consequentialism theory, an individual ought to maintain the ability to foresee the consequences of an action. To a consequentialist, the decision that generates the most benefit to the most individuals is the decision that is ethically acceptable (Beckner, 2004). One advantage of this ethical approach is that an individual can evaluate comparable results and use a point system to establish which decision is more beneficial to the most individuals (Rainbow, 2002). A weakness of this approach includes the involvement of predicting the future. Some individuals may be able to use life experience to predict results, but there is no certainty to this practice. This in turn, may lead to unexpected results, which may be unethical since the choice may not benefit many individuals. For example, if an individual starts a fire in the fireplace to warm other individuals, and the fire burns down the house because there was creosote buildup that caught on fire, the consequentialist has selected an unethical decision since the decision did not benefit many individuals (Rainbow, 2002). Mixed-Consequentialism In mixed consequential, consequential thinking is mixed with deontology thinking to form a single approach to ethical decisions. Consequently, a decision may be deontological when there is an assumption of justice, and consequentialistic when there is an assumption of utility or good (Nandi, 2006). Individuals should use this approach when there is an assumption of justice and utility of good (Beckner, 2004). Deontologism In consideration of the deontological approach, consequences of actions are not significant when it comes to determining what is right and wrong. In this view, the most important aspect to remember is that consequences do not make a difference when determining if an action or individuals are moral or immoral, the end does not justify the means. A standard of morality determines if an action is right and if individuals are good. Moral standards must always be kept no matter what the consequences (Beckner, 2004). Deontologist individuals unite responsibilities and obligations when evaluating ethical decisions. A deontologist will always keep promises and always follow the law, individuals who follow this approach will produce consistent decisions since they base decisions on set responsibilities (Rainbow, 2002). Deontology contains many positive features, but also contains weaknesses. One weakness of this approach is that there is no justification or logical basis for determining an individuals responsibilities. For example, if an individual decides to always be on time, one does not know why this individual has chosen to make this his or her responsibility. Another fault is that an individuals responsibilities may conflict and individuals are not concerned with the well being of other individuals. For example, for the person whom is running late, speeding to arrive on time will not maintain the law; however, arriving late breaks the individuals responsibility to be on time. Consequently, there are conflicting obligations and there is no clear decision. Deontology does not offer guidance when an individual encounters conflicting responsibilities (Rainbow, 2002). Compare and Contrast Consequetionalists support a common, yet all encompassing, insight: the single rationalization of any moral practice is to make the world a better place. Consequently, an individuals actions or moral standards would be immoral if the concluding effect was to make circumstances worse for all individuals affected by the act or moral standards. In contrast, in the deontology view, morality is not simply a matter of what results from an individuals actions or character (Uglietta, 2001; Elliot, 1993). In an action-based approach to consequential, because an action has no moral value, any activity is capable of becoming moral. In contrast, the deontological approach contends that some actions can have moral value of their own, neglecting to act on the principle present in such actions represents an immorality of some sort. For deontologists, specific actions possess fundamental moral worth. These actions are then worth accomplishing for their own purpose and not for the resulting good or advantage (Elliot, 1993). Consequentialism contends that all individuals long for and seek happiness and all actions are endeavors to attain happiness. In addition, consequentialism recognizes the importance of not following rules without question when they are no longer suitable; deontology does not. Deontology proposes objections to comparing what is with what ought to be as usefulness becomes indistinguishable to integrity and reality becomes confused with importance. The determination of good may turn out to be a matter of opinion or popular consensus (Elliot, 1993). Consequentialism cannot determine one good that is both essential and adequate for human success. Human success is determined by an assortment of goods, and sensible, ethical individuals may differ in their evaluation of which goods are significant (Beckner, 2004). There is no possible way to determine all the consequences of an action beforehand regardless of the relative value of those consequences. In the deontology approach, individuals are objective and their main beliefs are not dependent upon individual explanation for validity. Consequently, the main beliefs are quite simple to comprehend and follow, particularly because the main beliefs develop from human need and right and wrong are not difficult to recognize. Consequestionalists reject rules because consequentialism contends that following rules, when an individual can get better results by breaking them, is irrational. (Uglietta, 2001). Deontology has various strengths, in the most extreme form the contention is that morality has nothing to do with the consequences of decisions. However, mixed consequetionalists consider consequences when judging the rightness or wrongness of a decision (Uglietta, 2001). Deontology and consequentialism do not differ over whether morality rejects a focus on the consequences of actions or not. The two approaches differ over the essence of this focus. Consequentialism, maintains the view that morality is fundamentally about the encouragement of some good, and therefore, always about the consequences of ones actions. Deontology rejects this idea and maintains that some actions can be morally right even though they do not encourage some good (Uglietta, 2001). The fundamentals of consequentialism are therefore, revealed by concentrating on what is involved in the concept of promoting some good. Consequetialism now becomes the observation that all necessary moral decisions are those that encourage some essential moral value. In contrast, deontology becomes the observation that decisions need not endorse an essential moral value (Uglietta, 2001). Another important aspect of deontology and consequentialism to compare is that deontology is agent-relative whereas consequentialism is agent-neutral. An approach that is agent-neutral employs the same set of definitive goals and agent-relative does not (Portmore, 2005). Consequentialism also contends that every act is either acceptable or unacceptable exclusively in virtue of its affirmative or unhelpful inclination to encourage value. The deontology approach refutes this premise. In deontology, some acts are right or wrong, independent of the value of the outcome. Of course, a deontological approach can contend that some acts are acceptable in virtue of their good consequences, like the telling of a harmless lie, but this approach does not contend that all acts are acceptable in virtue of their good or bad consequences. When this occurs, the mixed consequentialism approach is essential. Mixed consequentialism will take the best attributes from both deontology and consequentialism and discard the questionable sections of each approach. This approach agrees with an individuals logical instincts (Portmore, 2005). Consequentialism by itself, is not a complete approach upon which to base ethical decisions that can guide individuals to make decisions that are right and why. However, consequentialism does provide a structure that is recognizable and establishes a set of substantive moral theories. Deontology is deficient in this structure, but recognizes moral reasons that do not rest on the significance of value (McNaughton Rawling, 1998). Conclusion The approaches to ethical thinking emphasize different aspects of an ethical dilemma and guide individuals to the most ethically acceptable decision according to the guidelines within the ethical approach (Rainbow, 2002). Individuals should use deontology for decisions when the situation is clearly right and wrong, and straightforward. One must not ignore justice and individual rights in the interest of legal or organizational interests. Individuals should use consequentialism for decisions when right and wrong are not apparent. Individuals ought to consider the consequences and what decision will generate the most good. Individuals should use mixed consequentialism when there is an assumption of justice and utility of good (Beckner, 2004). Educational leaders must utilize some effective plan to assist in making the best decisions in difficult situations. In addition, educational leaders must and be able to attain an inference about the best way to proceed in these situations. Educational leaders should use personal, professional, and social discretion when encountering situations in educational institutions. This includes recognizing ones substantive responsibility as well as a procedure for managing that responsibility (Starratt, 2004; Mills, 2006). Educational leaders should also recognize ethical and moral dilemmas in a situation and identify his or her responsibilities to the situation. Educators should contemplate their ethical role of establishing and maintaining a learning environment that permits students to develop into productive members of society (Gorman Pauken, 2003).

Expert Interview with Colleen Georges on Resumes and Hiring

Expert Interview with Colleen Georges on Resumes and Hiring Dr. Colleen Georges is a professional psychologist who has focused her career on job seeking and writing the perfect resume. She’s a certified counselor, time management consultant, career coach, leadership expert, and if that weren’t enough, she runs Colleen’s Career Creations, a resume writing and job coaching service. Somehow, she found the time to speak with us about how to write the best possible resume. What are some common problems you see on resumes, and why do you think they persist?The two most prevalent issues I encounter with resumes are lack of a clear job target or career focus and documents that read like job task descriptions, rather than career achievement highlights. Fortunately, I see fewer and fewer resumes that begin with objective statements, which are generally unfocused and do little to separate one candidate’s value from another. However, I still see many resumes with summary of qualifications sections that are too vague or broad, or resumes that have no summary at all.What makes a strong resume?A strong resume needs to effectively brand professionals in their field of practice, and immediately showcase their professional title/job target, years of experience, specific expertise/hard skills and unique value propositions. Often, professionals believe that since this information is spread throughout their resume, there is no need to summarize and present it at the beginning. However, most recruiters and hiring managers today are flooded with hundreds of resumes and lack the time to read through every line of each document to determine which candidates have the requisite skills for the job. Thus, candidates can make recruiters’ and hiring managers’ lives easier by summarizing this information in a strong branding statement right at the beginning of the resume in a 10- to 15-second read.More importantly, job seekers can do themselves a wealth of good by following their branding statement with a sect ion that showcases five to seven of their proudest career achievements. Such a section should highlight accomplishments that demonstrate a broad spectrum of skill sets that are relevant to their target field. This can be done by underscoring the quantitative and qualitative results of their work, such as costs cut, revenue generated, time saved, customer satisfaction increased, errors decreased, manuals written, policies and procedures developed, training instituted and so forth.Even more effective, a career achievements section can outline the story behind the outcomes, in a bite-sized, bulleted Challenge, Actions, Results format. By nature, people learn and understand people best through their unique stories, which is why interviewers often ask candidates to discuss times when they have performed a particular action. Articulating stories, both on a resume and in an interview, demonstrates to an employer that the candidate is purposeful in their actions and both understands and can articulate their process. Furthermore, this section backs up the skills the job seeker presents in their branding statement.Many job seekers do not include career achievement sections because they believe the time to share this information will be during the interview. In this competitive job market, however, without sharing these successes on a resume, an interview may never come. Yet most commonly, the reason for this lack of information on job seekers’ resumes is because from the time we are children, we are taught not to brag about our accomplishments, as others may find us obnoxious. Over the years, this lesson makes it progressively more challenging to acknowledge our accomplishments to ourselves, nonetheless an audience. However, when job seeking, emphasizing our unique talents and successes is critical, and thus we must unlearn the lesson, at least in this arena.What can job boards do to help job seekers write a better resume?A number of job boards are already provid ing resources to job seekers, such as resume critiques and tips. However, a wonderful resource would be to not only suggest providing branding statements and achievement stories, but to offer suggested skills required by various career fields, as well as common deliverables for these fields. For example, an accountant might need skills like variance analysis, bank reconciliation, and audit preparation, and common deliverables may be decreasing risk exposure, diminishing accounting errors and automating processes. Sometimes the hardest part of resume writing is getting started in figuring what skills and accomplishments to highlight. Resources like this may help job seekers brainstorm.What are some red flags we might accidentally put up on a resume or say during an interview?The most common red flags on resumes are generally items that point to age, which can unfortunately lead to age discrimination in some cases. I typically suggest that my clients represent that last 15-20 years of their career and leave off college graduation dates that go further back than 20 years. Furthermore, computer skills that are very dated, like DOS for example, should be left off. I also suggest eliminating AOL email accounts as well, since it is remembered to be a part of the advent of the internet, and the â€Å"dial-up† days. I typically advise clients to get a Gmail account. It is most certainly the â€Å"in† email, forever evolving in its capabilities.In both resumes and interviews, I also advise my clients not to draw attention to job gaps by stating that they were terminated or took a leave due to illness, an accident or a family-related situation. This information can inadvertently lead to fear that such issues may arise again in the future and negatively impact employment if hired.How can employers write job postings to let employees know what they’re looking for? Is it just some requirements, or can they convey a culture in a posting?I am always of th e belief that with job postings, the more detail, the better. With detail, the employer is less likely to attract candidates who lack the requisite experience and skills. As a resume writer, I love job postings that break tasks into umbrella categories and provide the specific accountability within them. This enables me to pull out the candidate’s relevant skills and accomplishments and match them to the posting. When utilized by employers, applicant tracking systems are scanning for this type of skill match, so it works to both the employer’s and candidate’s advantage for employers to offer detailed job descriptions in postings.Conveying corporate culture would be a fantastic advantage to both employer and candidate. Employers can weed out receiving resumes from candidates who may not be a great fit, and candidates can avoid wasting energy applying for a job that will not suit their work style and values.What do you wish everyone, from recruiters to job seekers , knew about resumes?This is a great question, and not an easy one to answer. I would say that I wish recruiters, employers and job seekers recognized that a resume is meant to be a job seeker’s marketing document. Like any marketing collateral, it should showcase the best of who the candidate is. Sometimes, recruiters and employers get frustrated because they later learn that a candidate left off a short-term job, for example. Similarly, candidates occasionally fear leaving off a short-term position because their omission may be â€Å"caught.† There is a staunch difference between omitting a career blip and, say, creating a position you never had on your resume. Candidates should never lie on a resume – this is a matter of ethics and integrity. Marketing documents are created to describe a product’s attributes. No product or person is perfect, but all have their own uniquely fantastic qualities. With this said, the resume is the prelude to the interview. The interview is where candidate and employer see if those unique attributes and the company’s position, team and culture collectively create the right synergy.How will technology change the resume? Will we see more links? Videos? Gimmicks?Technology is absolutely changing resumes in a wonderful way. We can now make our resumes come alive by linking them to our online articles, interviews, features, video presentations, documents, artistic endeavors or similar media. We can also create web resumes and create social media profiles that give recruiters and employers a wider window into who we are, not just what we have done. We can now show employers, in action, what we bring to the table.Yet technology has indeed amplified the pressure for job seekers. I now tell my job-seeking clients that they must be on LinkedIn. It’s not a luxury anymore – for recruiters and hiring managers in most industries, it’s seen as a necessity. Those who are not on LinkedIn ca n be viewed as lacking social media savvy, which is a career no-no. But it’s not just about being on LinkedIn, it’s about using all its resources. Recruiters and hiring managers can gather additional information about candidates from LinkedIn through recommendations and group membership and activity. I do a lot of one-on-one client coaching and group workshops on optimally leveraging LinkedIn and other social media like Twitter and Facebook. Some of this coaching involves what to post and what not to post, how to set privacy settings and simply how to use all the features of the various social media to the job seeker’s advantage.

Chemicals That Should Never Be Mixed

Chemicals That Should Never Be Mixed Some chemicals shouldnt be mixed together. In fact, these chemicals shouldnt even be stored near each other on the chance that an accident could occur and the chemicals could react. Be sure to keep incompatibilities in mind when reusing containers to store other chemicals. Here are some examples of mixtures to avoid: Acids with cyanide salts or cyanide solution. Generates highly toxic hydrogen cyanide gas.Acids with sulfide salts or sulfide solutions. Generates highly toxic hydrogen sulfide gas.Acids with bleach. Generates highly toxic chlorine gas. An example of this would be mixing bleach and vinegar.Ammonia with bleach. Releases toxic chloramine vapors.Oxidizing acids (e.g., nitric acid, perchloric acid) with combustible materials (e.g., paper, alcohols, other common solvents). May result in a fire.​Solid oxidizers (e.g., permanganates, iodates, nitrates) with combustible materials (e.g., paper, alcohols, other common solvents). May result in a fire.Hydrides (e.g., sodium hydride) with water. May form flammable hydrogen gas.Phosphides (e.g., sodium phosphide) with water. May form highly toxic phosphine gas.Silver salts with ammonia in the presence of a strong base. May generate an explosively unstable solid.Alkali metals (e.g., sodium, potassium) with water. May form flammable hydrogen gas.Oxidizing agents (e.g., nitric acid) with reducing agents (e.g., hydrazine). May cause fires or explosions. Unsaturated compounds (e.g., substances containing carbonyls or double bonds) in the presence of acids or bases. May polymerize violently.Hydrogen peroxide/acetone mixtures when heated in the presence of an acid. May cause explosions.Hydrogen peroxide/acetic acid mixtures. May explode upon heating.Hydrogen peroxide/sulfuric acid mixtures. May spontaneously detonate. General Advice About Mixing Chemicals While it may seem like chemistry is a good science to learn through experimentation, its never a good idea to randomly mix together chemicals to see what youll get. Household chemicals arent any safer than lab chemicals. In particular, you should use care when dealing with cleaners and disinfectants, since these are common products that react with each other to yield nasty results. Its a good rule of thumb to avoid mixing bleach or peroxide with any other chemical, unless youre following a documented procedure, are wearing protective gear, and are working under a fume hood or outdoors. Note that many chemical mixtures produce toxic or flammable gases. Even in the home, its important to have a fire extinguisher handy and work with ventilation. Use caution performing any chemical reaction near an open flame or heat source. In the lab, avoid mixing chemicals near burners. At home, avoid mixing chemicals near burners, heaters, and open flames. This includes pilot lights for ovens, fireplaces, and water heaters. While its common to label chemicals and store them separately in a lab, its also good practice to do this in a home. For example, dont store muriatic acid (hydrochloric acid) with peroxide. Avoid storing household bleach together with peroxide and acetone.

Inventory Management Essay Example | Topics and Well Written Essays - 1500 words - 1

Inventory Management - Essay Example This type of inventory management also enables Toyota to quickly adapt to the demand conditions and prevent wastage of expensive inventory (Monden, 2011). Samsung Electronics is one of the largest consumer electronics manufacturing companies. Samsung follows the Short Cycle Time and Low Inventory in Manufacturing (SLIM) type of inventory management system. It is the largest company, which manufactures digital integrated circuits. The company with the support of Leachman’s consultants had developed the SLIM inventory management technique whereby optimal use of resources gets facilitated. The SLIM inventory system has helped Samsung to calculate cycle times required in individual manufacturing stages and the time required in work in process stage. SLIM inventory systems also allow implementing heuristic algorithms at the factory floor (Leachman, Kang & Lin, 2002). Toyota’s integrated production design system begins with designing the flow of inventory, framing support measures, reducing lot sizes and determining set up time. The next stage in the process is to set up total quality control measures for detecting errors and faults in the production system. The third stage is to prepare the capacity schedule, which involves analyzing the amount of work that can be taken up by individual departments at a time. The integration of goods and services design of Toyota also includes implementing the Kanban system whereby lot sizes are reduced and controlled on the basis of demand pull. Toyota also works with suppliers and vendors for estimating the real time required for goods delivery and communicating the quality related expectations (Berry, Whybark & Jacobs, 2005). The integration process of Samsung’s production system mainly concentrates upon efficient management of targeted cycle times. In order to manage targeted cycle times, it becomes essential to allocate buffer