Accounting Standards in China and Australia

Until recently, China has used a set of accounting standards that were quite unique in their records.   These standards were the legacy of a socialist period in Chinese history and rather than keeping records of loss and profit for a corporation operating in China, they mainly concerned themselves with keeping track of all of the assets available to the corporation.By not keeping close tabs on the debts that a corporation owes, the accounting standards in China have long been considered lax by the outside world and have hindered international companies who wish to have headquarters in China.For instance, a corporation in China with holdings internationally, such as in the United States, must create end of the year accounting reports using the Chinese Accounting Standards, another set using the International Accounting Standards, and a third using the North American Generally Accepted Accounting Principles, creating an overload of work and an extreme cost to the corporation.Recently the Finance Department of Chinese Government has begun a process which will translate the current Chinese accounting methods from their archaic status to where they will more closely mirror the International Accounting Standards which incorporate the Generally Accepted Accounting Principles.Previous to this decision to reform the way that Chinese corporations report their accounts, the Chinese system involved simply classification of ownership, industry, and government, giving companies an extreme amount of leeway in the ways in which they conducted business.   Now the Chinese government has instituted that each corporation must keep track of all debits and credits, report manufacturing costs as well as capital maintenance, and provide yearly financial statements.The first true accounting standards in China were implemented in 1997 and changes continue to be made to bring the country’s financial practices up to date.   Currently this transformation is still in progress, so any foreign company with a subsidiary in China must still comply with not only their country’s accounting practices but also with the Chinese straight line accounting practices which allow for a much slower depreciation of capitalized assets.For those wishing to not use the straight line method, the only way to use an accelerated accounting method with regards to Chinese holdings is to receive explicit permission from the Ministry of Finance.   Another difference in Chinese accounting methods is the difference in tax deductibility.For instance, China charges significant tax charges on intercompany transactions and treats transfer pricing of the upmost importance in order to receive a large cut of international taxes.   Incorrect interpretation of Chinese tax laws can lead to severe fines for corporations.In Australia, the corporate accounting practices previously used have also come under fire in previous years for being widely different from internationally accepted a ccounting standards.   In response, Australia began to work the internationally accepted accounting principles into their current system, effective January 1, 2000, and have also developed the Financial Reporting Council which is responsible for overseeing the accounting practices of both   public and private corporations operating in Australia.The previously lax Australian reporting standards which did not require corporations to conform to one specific type of accounting practices nor give stringent guidelines in so far as what reports were required by the government are being phased out by the International accounting standards which allow Australia to develop along with the global economy.Australia has also instituted an Australian Accounting Standards Boards to periodically re-evaluate corporate accounting practices in Australia as well as enforce the new standards being phased in.   Australia is working to harmonize their standards with those of the International Account ing Standards Committee and is also a part of the G4+1 global group which monitors the setting of international accounting standards.Works CitedAustralian Government. (2009, May 5). Australian Accounting Standards Board. Retrieved May 5, 2009, from Australian Accounting Standards Board: http://www.aasb.com.au/Home.aspxChina Accounting Standards. (2007, February 15). Retrieved May 5, 2009, from China Orbit: http://www.chinaorbit.com/china-economy/chinese-accounting-standards.htmlLehman Brown. (2009, February 12). Chinese Accounting FAQ. Retrieved 5 May, 2009, from Lehman Brown: http://www.lehmanbrown.com/FAQ-Acc.htmQueensland University of Technology. (2008, June 15). Accounting Standards. Retrieved May 5, 2009, from Queensland University of Technology Library: http://www.library.qut.edu.au/learn/type/accountingstandards.jsp   

Relationship with Parents as Presented in Foer’s Book Essay

A child’s relationship with his or her parents is a sensitive and moving concept as well as an interesting one to be presented in a contemporary book. This is especially if such idea is being discussed in a point of view of a nine-year-old main character. Jonathan Safran Foer’s 2005 book titled â€Å"Extremely Loud and Incredibly Close† is an example of how a very young yet notably intelligent boy named Oskar Schell was able to effectively tell or portray his relationships with his parents, as well as his grandparents. The relationships between Oskar and his parents, as well as with that of his paternal grandparents, are compared with something which can only be imagined and invented. This is because with the extra-ordinary personality of Oskar, his character actually just played up on a lot of scenarios and possibilities that enabled him to establish his relationships with his immediate family and create a connection that only he was able to recognize. It was actually through the uniqueness of Oskar’s persona that allowed Foer to depict the implications of several serious issues such as the World War II firebombing of Dresden and 9/11 terrorist attack. In effect, Oskar’s relationships with his parents and paternal grandparents has proven Foer’s ability to effectively depict that war, terrorism, the future and love are concepts which are loud and close. However, it was likewise Oskar’s family links which determined that there are also things in the book or even realities of life that are seem to be silent and far away such as human relationship. The main character of the Foer’s novel is a nine-year-old boy named Oskar Schell. He is characterized in the books as a discoverer, jewelry designer, a young entomologist, protagonist, music enthusiast, good writer, archaeologist, artist, explorer, actor in a Hamlet production, sometimes a vegetarian, and collector of rare items, but definitely an unreliable narrator. Through these attributes, Oskar manifests the loudness and closeness of life realities such as war, coercion, and love. Eventually, he realizes how quiet and distant his relationship with his parents and grandparents is. Foer unveiled the story of Oskar with the death of Oskar’s father who was among the many Americans who died when the twin towers were attacked in the morning of September 11, 2001. This is the point where Oskar exerts efforts to trace the sense of his father’s death. Instead, however, his journey leads him to recognize and eventually accept what kind of relationship he has with his parents and paternal grandparents. Notwithstanding the efforts made by Oskar in order to establish his relationship with his parents and grandparents, he ends up understanding his sincere fondness towards his family as the mystery behind their relationships is uncovered, and ultimately searching for their love or affection (Foer, 2005). Foer’s utilization of magical realism, the book’s literary genre, as presented in a form of photographs in the book, exposed that Oskar was apparently too late in realizing how he long for the love or affection of his father who was taken away from him so early and made their relationship short-lived. Moreover, Oskar’s incomparable personality has also paved the way for an unassuming and clear presentation of how he relates with his mother whom he criticized for not mourning the death of her husband because of her new-found love. Foer, through the perspective of a nine-year-old boy, was also able to connect past event such as the Dresden bombing with Oskar’s longing of his grandparents whom he was not able to see; he was only able to get to know them through their letters which were written way before he was born. Such literary styles of Foer and ironic scenarios involving Oskar’s life provided the readers with a glimpse of how a father values his son. As portrayed in the three generations of the Schell family, Foer disclosed the long-desired but belated connection among the three men—a relationship that is coincidentally loud, yet silent and close, yet far away (Foer, 2005). Such contradicting metaphors are also evident with how the author presented the relationships between Oskar and the women in his life—his mother and grandmother. The child in Oskar was apparently obvious in times when he displayed some sort of jealousy with the new man in his mother’s life as well as bitterness with his grandmother’s absence. In particular, the book showed that Oskar endured the emotions of hatred and mental confusion apparently due to his mother’s new-found man. He expresses such feelings by hurting himself until he got bruises. This indication, however, only exposed more the kind of relationship that Oskar had with his mother and grandmother. It turned out to be a relationship similar to his father and grandfather; it was characterized with the boy’s intense desire of their affections and centered on his profound longing for their love. Foer emphasized how Oskar, despite his hardships, valued life and his relationships with his family as he echoed the boy’s feelings and said that â€Å"†¦ life made sense. Even the bad things made sense. They were necessary to make you possible. Alas. Your songs. My parents’ lives made sense† (Foer, 2005, p. 232). It was unfortunate to note, however, that the realization of an equally utmost relationship, which Oskar’s parents and grandparents actually wanted, was not achieved. Hence, the boy was left with his unique antics and loneliness (Foer, 2005). Meanwhile, the novel did not only result in giving praise to Foer. Rather, the story unlocks the mysteries in Oskar’s journey as well through which a clearer representation of the impacts of life realities is provided. The book suggests that there a lot of substances as there are emotions in this world. However, the realization and benefit of enjoying life instead of succumbing to absurdity is actually not impossible if only one would open his or her heart to the eventualities of love which will eventually challenge one’s worries and loss. The book makes Oskar as an adorable yet intriguing character because he exudes both naivete and sophistication and one can be truly affected by his fate. Although the novel discusses real issues like war and terrorism, it embraces other life’s dramas which are led by the portrayal of Oskar as a tough character trapped inside the body of a boy. Furthermore, it is worthy to note that amidst darkness in Oskar’s life, he was able to see light. This, in effect, can lead the readers to recover humanity which is human’s link with one another especially during times when human quality is apparently abandoned. In the end, Foer’s book shows the balance between wit and disaster, devastation and innovation, living and dying, and, most definitely, between showing the loudness and closeness of life realities.

Alcohol Abuse Rehabilitation

Sojourners Recovery and Becket Springs offer options such as Cognitive Behavioral Therapy and pharmacological options that do increase the likelihood of remaining abstinent after treatment. Alternative methods of treatment at these centers, such as acupuncture, have not been proven to be effective at promoting abstinence, but may help to ease withdrawal symptoms. In addition to enrolling in a rehabilitation program at a licensed facility, the individual should seek out support from his or her family members, as this will help the individual cope with the enormous stress of giving up alcohol.Alcohol has a long and storied history in not Just American culture, but in many other world cultures as well. Its use in beverages is believed to have begun almost 10,000 years ago when civilizations in ancient Persia and the Middle East produced a fermented drink from honey and wild yeasts (â€Å"An Alcohol History Timeline,† 2011). Wine, beer and liquor would eventually follow (in that o rder), as numerous societies enjoyed the intoxicating effects of the drug.During the 19th century in the United States, the average American drank 7 gallons of pure alcohol per year (â€Å"What in America's History,† 2005). This rampant drinking led to temperance movements and reformers that pushed for local and national prohibition. Groups such as the Women's Christian Temperance Union (WEST) would eventually merge with the Anti- Saloon League and form a powerful coalition that elected officials to Congress and put pressure on the government to ratify Prohibition (â€Å"What in America's History,† 2005).The National Prohibition Act was subsequently enacted in 1920, outlawing the manufacture, sale, or transportation of alcohol. The Act was repealed 13 years later in 1933, but the message was clear: the effects of alcohol were seen by many as ungenerous and destructive, and these effects needed to be addressed. Today, the problems of alcohol abuse and alcoholism have be come almost epidemic in American society, as recent studies have asserted that 53% of adults in the U. S. Have reported that one or more of their close relatives has a serious problem with drinking (â€Å"Alcohol Stats,† 2013).Each year in the United States alone, nearly 50,000 cases of alcohol overdose are reported, and in 2009, over 30 million people stated they had driven under the influence of alcohol at least once in the previous year (â€Å"Alcohol Stats,† 2013). In 2007, the Center for Disease Control and Prevention (CDC) reported over 14,000 alcoholic liver disease deaths and over 23,000 alcohol-induced deaths (not counting accidents and murders) (â€Å"Alcohol Stats,† 2013). The CDC also reported that in 2006, excessive alcohol consumption cost the United States' economy $223. Billion (â€Å"Excessive Drinking,† 2014). In an effort to combat the dangers of alcohol abuse and alcoholism, numerous in- patient and out-patient treatment centers are av ailable to those that are seeking help for their affliction. This paper takes a look at four of these treatment options in the rater Cincinnati area. These options include Alcoholics Anonymous, Sojourner Recovery Services in Hamilton, OH, Delbert House in Cincinnati, OH, and Becket Springs in West Chester, OH.The model of treatment that each facility or program employs will be examined, as well as success rates and recidivism. Additionally, this report will look at the efficacy of various models of alcohol treatment and how successful they are for the patient. Ultimately, it will lend advice as to the optimal treatment strategy one should choose when trying to overcome one's addiction to alcohol. Treatment Review One of the most common and well-known methods of alcohol treatment in the United States is the group-oriented, outpatient design of Alcoholics Anonymous (AAA).At its core, AAA is a 12-step program that utilizes anonymous group meetings to help facilitate the overarching goa l of abstinence for each of its members (â€Å"Alcoholics Anonymous 12 Steps,† 2010). The 12 steps are divided into four phases: admitting one has an addiction and needs to abstain; submission of the alcoholic's will to â€Å"the power of God or a Higher Authority'; making amends to those the individual has armed or wronged in the past; and spreading the message of AAA and its 12 steps to others (â€Å"Alcoholics Anonymous 12 Steps,† 2010).By â€Å"working the steps† and attending the meetings, the individual is purportedly given a plan and support group to help him or her resist the urge to drink alcohol. According to Lee Ann Gaskets, Drop, of University of California-Berkeley, there is controversy on the research into the capability of AAA. Therefore, she provides â€Å"a focused review of the literature on AAA effectiveness† (Gaskets, 2009). Using six criteria to establish a causal link between AAA ND abstinence, Swastikas states that there is some ev idence that AAA is an effective course of treatment for someone seeking to quit drinking.She writes, â€Å"rates of abstinence are about twice as high among those who attend AAA, and higher levels of attendance are related to higher rates of abstinence† (Swastikas, 2009). Still, she ultimately concedes that more exhaustive research needs to be completed before judging the effectiveness of AAA. In a separate article entitled â€Å"Exposing the Myth of Alcoholics Anonymous,† freelance technical writer and attendee of â€Å"hundreds of AAA tenting,† Stephen Mohr rejects the notion that AAA is an effective mode of treatment for alcoholics.He writes, â€Å"The truth is that the available evidence strongly suggests that AAA treatment provides very little or no long-term help for active alcoholics. Further, there is ample evidence that long-term repeated exposure to this program is actually dangerous to many alcoholics who would fare better if left on their own† (Mohr, 2009). Mohr cites Ass own statistics when establishing the ineffectiveness of AAA, writing, â€Å"in 1989 AAA reported that, on average, after six months 3 percent of new attendees had left the program and that after one year only 5 to 7 percent remained† (Mohr, 2009).Perhaps more damning, Mohr recounts the findings of Harvard psychiatrist Dry. George Valiant. Beginning in 1983 and then every year for eight years afterward, Dry. Valiant followed up on 100 alcoholic subjects admitted to a clinic in Cambridge, MA, and who were subsequently enrolled in Alcoholics Anonymous. He found that only five of the 100 subjects never relapsed back into alcoholic drinking, which was a rate no better than if they had been left to attempt abstinence on their own (Mohr, 2009).Worse yet, he found that three subjects a year died from their drinking habits, despite being enrolled in the 12-step program (Mohr, 2009). And while these findings were from the asses, the fact that AAA has not c hanged its approach and/or treatment methods in the 80+ years of its existence indicates that they are still pertinent to today. Moreover, these data suggest that AAA is not only ineffective, but the fact that it is so widely regarded as the premier source of alcohol treatment prevents patients from pursuing more useful modes of treatment – ones that could potentially save the alcoholic's life.The Becket Springs rehabilitation facility in West Chester, OH, is one of the alternatives to AAA that an individual suffering from alcoholism may consider. Becket Springs offers both in- patient and outpatient services to help meet the needs of the patient. The in-patient program's goal is â€Å"to teach [the individual] the tools of recovery and relapse prevention so that [he or she] can create a life worth living† (Patient Handbook, 2). When the patient is first admitted, he or she is assessed to develop an individual treatment plan. The assessment team and the patient will fo rmulate a set of goals to Ochs on during treatment.The assessment team itself is comprised of a psychiatrist, psychologist, staff nurse, patient care assistant, recreational therapist and social therapist all working together to facilitate the recovery of the patient. Individual treatment includes detoxification (if necessary), medical prescriptions written by a psychiatrist, psychological evaluations with the psychologist, group therapy through â€Å"games, crafts, leisure education, creative expression and relaxation training,† and individual and family therapy provided by a licensed therapist or social worker (Patient Handbook, 2).Becket Springs encourages communication between the patient and family throughout treatment, and designates a daily time period for phone calls in addition to a visitation schedule that allows two hour-long visits per week and a family meal during the weekend. Along these same lines, Sojourner Recovery Services, located in Hamilton, OH, is a non- profit organization that provides in-patient and outpatient substance abuse treatment for those addicted and their families.Sojourners assessment service is a thorough evaluation conducted during a face-to-face session in order to determine the extent of addiction and optimal recovery strategy. The staff at Sojourner takes a holistic approach toward treatment, and offers a diverse array of programs, including: one-on-one counseling, lectures, group therapy, family sessions and discussion groups. The aforementioned staff consists of â€Å"experienced counselors, professionals and volunteers – many of whom are recovering from addiction themselves – that genuinely care about each and every person's success† (â€Å"Sojourner Recovery,† 2012).Therapy models of recovery include: motivational enhancement to encourage the patient to become receptive to the healing process; â€Å"seeking safety' to improve coping skills; â€Å"seven challenges† for adolesc ents seeking recovery; â€Å"stages of change† which helps patients progress through the five stages of recovery; cognitive-behavioral, which utilizes the belief that one's thoughts cause one's feelings and behaviors, rather than external people or factors; and acupuncture to help alleviate symptoms and stresses associated with alcohol or drug withdrawal (â€Å"Sojourner Recovery,† 2012).The duration of stay for the in-patient program varies according to the needs of the patient, giving the person as much or as little time as he or she needs. The Delbert House in Cincinnati, OH has a few different branches across the city. The Delbert House located in Clifton, OH, is a non-profit organization focused on intensive inpatient treatment of homeless men dealing with substance abuse – namely, alcohol abuse.According to general manager Chris Weanling, this branch of the Delbert House is a â€Å"shelter-plus-care† operation, which attempts to rid patients of thei r addictions while helping to reintegrate the individuals as functioning units of society (C. Weanling, personal communication, July 21, 2014). They are encouraged to actively seek out employment and permanent residency. The Delbert House models of treatment include self-help classes, group concussions, one-on-one counseling, AAA meetings, and AN meetings (C. Weanling, personal communication, July 21, 2014).A typical day in the life of a patient starts with a 7:30 a. M. Wake-up call followed with breakfast at 8 a. M. The rest of the morning consists of life-skills classes and chemical dependency education courses. At noon, the patients have lunch, and then attend their various therapy sessions (group and/or individual) in the afternoon. Dinner is served at 5:00 p. M. , and then the patients have some free time before they are required to attend an AAA or AN meeting (C. Weanling, personal communication, July 21, 2014).The Delbert House does not allow patients to use alcohol or any il licit drugs while they are enrolled, and thus each patient is subjected to a random, periodic urinalysis and/or breath-analysis test. In any given month, five or six patients out of 60 will test positive, with the incidences of positive tests fluctuating from season to season and spiking around a holiday(C. Weanling, personal communication, July 21, 2014). The operation is largely state- funded, with tax dollars making it possible for the Delbert House to help the lives of the men it houses (C. Weanling, personal communication, July 21, 2014).Given all the models of alcohol treatment (AAA, group therapy, cognitive behavioral, motivational enhancement, acupuncture, etc. ), Just how effective are they at promoting abstinence within the alcohol abuser? As discussed above, the effectiveness of AAA seems dubious at best, and downright dangerous at worst. This is very unfortunate considering the fact that almost all court-appointed rehabilitation for alcohol offenders in Hamilton County i nvolves AAA or an equivalent 12-step program (â€Å"Treatment Options,† 2009). On the other hand, research on continuous outpatient group therapy seems to indicate its effectiveness.In J. Kim, et al. ‘s article, â€Å"The Effectiveness of Continuous Group Therapy for Outpatients with Alcohol Dependence,† he states that 3, 6 and 12 month abstinence rates of 94 cognitive group therapy subjects â€Å"were 56. 4%, 30. 6%, and 16. 9%,† respectively (Kim et al. , 2011). The same abstinence rates for 83 subjects in a standard outpatient therapy group â€Å"were 28. 6%, 11 . 7% and 5. 2%,† respectively (Kim et al. , 2011). He thus concludes that continuous group therapy for outpatients is a practical and effective means of achieving abstinence.Inpatient group cognitive behavioral therapy (CAB), though, is a little murkier. In their article, â€Å"The Effectiveness of an Inpatient Group Cognitive Behavioral Therapy Program for Alcohol Dependence,† New s and Owe evaluated the effectiveness of attendance at an in-patient CAB program aimed at treating alcohol abuse. The study included 37 males and 34 females that attended 42 CAB sessions in three weeks, with News and Owe gathering evidence on one and three-month follow- ups regarding the drinking habits of the subjects.The study data indicated that greater attendance at CAB sessions for inpatients did not result in greater abstinence rates, nor did it correlate with a reduction in the quantity of alcohol consumed from he levels of pre-treatment (News & Owe, 2005). Thus, while patients that attended CAB sessions did seem to stand an improved chance of abstinence, News and Owe concluded â€Å"this study was unable to provide full support for the effectiveness of group CAB and cognitive models on problem drinking† (News and Owe, 2005).Another strategy for alcohol recovery is that of acupuncture. Acupuncture is a form of complementary and alternative medicine that uses the penetr ation of thin needles into specific â€Å"occupants† along the skin of the body (â€Å"Acupuncture† 2014). Choc and Hang reviewed the efficacy of this approach in their article, â€Å"Acupuncture for Alcohol Dependence: A Systematic Review. † After systematically searching nineteen electronic databases for randomized controlled trials, they found eleven studies that involved 1,110 cases.Though they conclude the results were â€Å"equivocal† and that â€Å"more research and well-designed, rigorous and large clinical trials are necessary,† the data they did discover suggest that there is no difference between acupuncture treatment and â€Å"sham treatments† (Choc and Hang, 2009). In a separate study by Karts, Passive, Frederica, Wises and Schneider, thirty-four alcoholics were treated tit acupuncture to assess its effect on withdrawal symptoms.The study was able to conclude that â€Å"acupuncture as an adjunctive treatment to carbonized medic ation shows promise for the treatment of alcohol withdrawal symptoms† (Karts, Passive, Frederica, Wises, & Schneider, 2002). Thus, while acupuncture may not be helpful for an individual hoping to obtain abstinence, it does look to be promising in helping to relieve some of the anguish of going through withdrawal. In addition to models of therapy, most treatment centers also offer medications to help the patient on their road to recovery. Daniel E.Jonas, M. D. , M. P. H. , of University of North Carolina, et al. , completed a recent study that analyzed more than 120 different studies as to the effectiveness of various pharmacological pills on the alcoholic, and found that comparative and oral maltreatment showed the greatest potential for decreasing alcohol ingestion Moons et al. , 2014). Dissimilar, an oral medication available since the asses, did not show adequate evidence to support the notion that it can prevent relapse drinking or improve drinking level outcomes Moons et al. 2014). The article goes on to state that the four most effective medications are commemorates, maltreatment, depreciate and maleness, but cautions that patients should share in the decision-making process with the physician, and medication should be taken in conjunction with other modalities of treatment Moons et al. , 2014). Conclusion Judging by national recovery data, it can require a nearly Herculean effort for an alcoholic to successfully abstain from alcohol for a long period of time (years).The national average for alcoholics that try to remain abstinent for one year without outside help is around 5% (â€Å"Alcohol Stats,† 2013). Even Alcoholics Anonymous, by its own admission, has a 93% turnover rate in one year. With this in mind, it's important for anybody that is trying to quit to not try to do so alone. The individual should attempt to enroll in either an inpatient or outpatient program at a local recovery facility. In the Cincinnati area, this could include S ojourner Recovery Services in Hamilton, OH, or Becket Springs in West Chester, OH.Both offer a variety of programs to foster an intrinsic change within the individual, and employs a multitude of treatment models and pharmacological aids that can be blended together for an optimal individual recovery plan. Perhaps most importantly, the person that is trying o recover should actively seek the help from his or her immediate family, if possible. Abstinence from alcohol is very difficult to achieve for an alcoholic, and a strong support system from people close to the affected individual will go a long way to facilitating a successful and long-lasting recovery.

Problems of Reverse Logistics in Electronic Commerce Essay

Problems of Reverse Logistics in Electronic Commerce - Essay Example Reverse logistics is the removal of returned or unused products and redistributing of these products in order to attain maximum profit. It can also be referred to all the "activities associated with a product/service after the point of sale" (Reverse Logistics Association, n.p, 2008). According to an estimate almost one-half of almost 1% of total United States GDP is due to logistics costs (Reverse Logistics Executive Council, n.p, 2008). Hence we can see that reverse logistics is an important part of any business. An efficient reverse logistics can lead to more profitability and hence a better competitive position. Reverse logistics is quite different from forward logistics. Forecasting forward logistics is easier than forecasting reverse logistics. In forward logistics the packaging, pricing and routings are clear and uniform whereas in reverse logistics the packaging might be damaged, uneven pricing and undetectable routings can lead to increased costs and hence reduced profits (Pablo Soto & Lourenco, 5 & 6, 2003). As more and more companies are now selling online, businesses now have to focus on their reverse logistics in order to maintain profits and satisfy customers. This increase in e-commerce or business on the internet has lead to more returned goods. However, most of the time the managers are trying to move the products out of the warehouse and lesser energy is consumed in developing proper reverse logistics (Porolec, 68 & 69, 2000). There can be several different reasons for product return such as: unsatisfied customer, installation or usage problems, warranty claims, faulty order processing, retail overstock, end of product lifecycle or product replacement, manufacture recall programs etc. A proper study of reverse logistics can help in dealing with all the above problems and even help in reducing them (Schatteman, 267-270, n.d). Some e-retailers have calculated that almost 50% of their products sold are returned. Even though the advent of internet and e-commerce has certainly made life easier, however without proper reverse logistics the online businesses instead of making money incur huge losses. Some products sold online have a higher rate of return than the other products. For e.g. electronic products have almost 80% rate of return. Hence we can see that different companies have different reverse logistics. (Graeml et al, 1-9, 2001) Companies providing services like ISPs, Jobs and E-mail accounts have lower rate of return and even if some of their products do come under the term 'reverse logistics', they will not incur much loss. However, if we look at companies selling apparel, electronics, shoes, jewelry and other similar items, we can notice a higher rate of return. Such companies usually suffer more in terms of reverse logistics. With more companies coming into e-commerce, companies now need to redesign their entire reverse logistics, in order to have a competitive edge (Graeml et al, 1-9, 2001). There are several problems associated with reverse logistics. Forecasting reverse logistics is more difficult than forecasting forward logistics. A company can never know which product will come back

Financial analysis report- APDM pillbox logger Essay

Financial analysis report- APDM pillbox logger - Essay Example The following table highlights the breakup of all these costs. The sales are forecasted for three years for the period of 2012 till 2014. It is assumed that in the year 2012, the number of units sold would be around 100 units at the selling price of $1,000. The number of units sold is expected to increase by 50 units every year. There are also expectations that the prices of the electronic pillbox logger will be increased by 10% due to inflation. The detailed sales projections are outlined in the following table. The projected income statement of APDM has been formulated on the basis of its performance in the years 2011. All the items of income statement has been increased by 5% under current assumption which states that the performance of APDM will remain stagnant throughout the period of next three years as currently there are no bright hopes for the company to perform on a good note. The main area of concern for APDM is the level of discount that they offer to their customers. The amount of discount simply erodes the earnings and causes the company to suffer losses. If company somehow manages to reduce the level of discounts from thee customers, then there are chances that the company start performing operations with better profits and come out of the current depressing situation. The current income statement shows a net loss of $8,695 which is expected to be carried over for the next 3 years as there are no indicators which suggest that there are chances for the company to grow stronger. Under current assumptions, it can be said that the financial performance of APDM will consistently display the similar disappointing results. Even with the launches of new devices, the performance of the company would remain below par. The highlights of the income statement are given below: If the breakeven analysis of the product is taken into consideration, then it can be observed that under the current assumption of having 100

The Relevance of Buddhism Essay Example | Topics and Well Written Essays - 1250 words

The Relevance of Buddhism - Essay Example The main goal of Buddhism is to reach the ultimate state of Nirvana, which is through the negation of rebirths and end the human suffering, which is attached to the soul. Siddharta Gautama, who died in the year 400BC, taught the attainment of salvation through the application of an ethical code of conduct, unselfish behavior, ceremonies, devotional practices, meditation, reincarnation of worldly matters, study, physical exercises, cultivation of wisdom and the negation of suffering by understanding the true meaning of our natural phenomena. CIA, The World Factbook shows that While Buddhism is quite popular amongst people in the Asian countries; it also has branches across the globe. It is also believed that Buddhism has over 400 million followers across the world. At present, Buddhism is subdivided into two forms and has two main distinct branches. First being the Theravada branch that is a form of Buddhism which is mostly followed in the Southeastern regions of Asia. And second, the Mahayana that is a form of Buddhism which is widely followed throughout East Asian countries. Theravada is a Sanskrit word which means â€Å"way of the elders† (Reynolds, 2009). Founded in India, spreading in the third century BCE, through to Sri Lanka and Burma then to Laos, Cambodia and southern Vietnam and most recently to Indonesia and Australia. It is the oldest surviving Buddhist school and is a closely guarded school that is supposed to be the closest to the original teachings of Buddhism and is the main religion of Sri Lanka. It is widespread in South East Asia, wherein countries such as Laos, Cambodia, Burma, and Thailand have been following its practices for centuries.

Discuss the problems that a ship manager faces with various Essay - 1

Discuss the problems that a ship manager faces with various legislations on bunker fuels for a handymax bulk carrier that trades between North Europe and the - Essay Example veral changes in ship dimensions, cargoes carried, and general market trends during the past 25 years as a response to rapid growth of world trade and the shift in maritime markets. At the same time, there have been remarable amendments in regulations of maritime safety especially in transport of bunker fuels in bulk carrier and handymax segement. Hence, the ship manager of Handymax bulk carrier that carries bunker fuels and travels from USA to North Europe faces major problem as there is a difference between maritime regulations of USA and Europe. He has to address the technical problems due to change in legislations and he has to apply management principles for dealing these problems efficiently while manageing the bunker fuels in handymax bulk carriers between North Europe and USA. The ship manager has little flexibility in expansion due to changes maritime regulations regarding the management of bunker fuels are concerned. These regulations are made by international organizations like the International Maritime Organization and the European Union or by individual countries. The International Maritime Organization (IMO) is mainly responsible for the implementation of maritime safety matters internationally which regulates the activities relating to safety at sea, pollution prevention (MARPOL), security (ISPS Code), standards of construction of offshore installations and matters relating to the non-economic issues of maritime transportation of bunker fuels. However, he faces more problems due to different regulations adopted in USA and Europe. For example, Environment Protection (Ships Ballast Water) Regulations 2006 restricts the ship manager’s choices while managing the bunker fuels in handymax bulk carriers entering Europe (EPA Victoria, 2007). This l egislation introduced by the Victorian Government speicifies ballast water reporting requirements for owners and masters of ships with capacity to carry ballast water. It also declares offences for

History assignment Example | Topics and Well Written Essays - 2750 words

History - Assignment Example Even in events where stable states arose, they did not match the sizes and authorities of the Ottoman and Ming Empires. Portugal and Spain were the most expansive and populous European states in the sixteenth century. Portugal had a population of 1million while Spain had a population of 9 million. The Ottoman Empire had a population of 25 million loyal and dedicated citizens (Tignor and Hague, 2007). This gave the empire an upper hand in penetrating other kingdoms and states in the West and the East to spread Islam. Ottoman’s assault on Central Europe and Balkans and invasion of Croatia and Hungary in 1492 and 1493 marked the beginning of serious conversion attempts of the West to Islam. The invasion was so voracious and threatening that the French invaded Italy to try spread their crusade against the Ottomans in the territory. One of the methods used by the Ottoman Empire to lead a successful conversion was the adoption of administrative practices that unified the large empir e. Mehmed, the ruler of the time made Istabul administrative capital of the Ottoman Empire and adopted Byzantine administrative style thus incorporating the powerful families of the Byzantines to the empire. Using the effective administrative system, the ruler and his successors expanded the territories of Ottoman Empire and eventually seized Greece and Balkan (Tignor and Hague, 2007). ... The Western merchants became so worried at the successful use of port controls to capture the capital by the Ottoman that they never thought it would ever be possible to gain riches from Asia via the traditional overland route. Ottoman’s strategic use of geographic points denied the West of their riches and merchandise, thus weakening the states. Invasion became easy and thus they were able to spread Islam. Unlike the Christian crusades that wielded their dynastic dominance on the power of the sword, ottoman dynasty was centered on sound religious foundation. The Christian crusades used excess force to force to convert the people they targeted with the crusades. The crusades gained a false tag of â€Å"holy wars†. There was practically no choice of staying out of the crusades. The battles divinized, and Pauline metaphor, â€Å"fighting for Christ† became a rule. At first, the adventures appeared to have a humane focus as the initial military sacerdotal orders dem anded high ideals of chivalry, charity and medical care for the wounded. Grand and petty political intrigues often overrode these well-intended acts (Tignor and Hague, 2007). By the time the Fourth Crusades began, the Papal authority had lost control over monastic knights. Innocent III thereby excommunicated Templers. Ottoman dynasty that spread Islam, on the other hand, centered on religious ideals. The Sultans combined warriors’ ethos with unshaken devotion to Islam. They claimed to be the shadows of God on earth and took it upon themselves to be caretakers of the welfare of Islamic faith. Efforts of the Ottomans to spread Islam in both the West and the East were successful because of the ruling elite’s ability to win favor of diverse populations. Unlike the Christian Crusaders, the Ottoman’s capture of

The Concept of Resilience Essay Example | Topics and Well Written Essays - 4250 words

The Concept of Resilience - Essay Example As the report stresses resilience plays a major role in the provision of vital ideologies that would emancipate any form of organization from ills, consequently, create a milieu whereby sustainable development would be achievable. It is important to focus on the issue of vulnerability in the context of resilience and development. Vulnerability cannot be alienated from the issue of resilience. Vulnerability to a social issue, leads to the need to devise methods by the concerned countries to come up with methods that would allow them fit in their current situations, either through finding a solution of coming out of the problem undyingly. This paper declares that contemporary studies focus mostly on vulnerability and the implications; it has had on the resilience capacity of the concerned states. In relation to this concept, Oslon indicates that, for communities to survive in today’s tough situations, an understanding of resilience and vulnerability cannot be escaped. An application of resilience machinery would be beneficial for assistance of alleviating vulnerabilities in the society. If a country is able to maintain its systems and its populace despite, the pressures imposed on them, it would be justified to argue that, the country has developed and sustained resilience. In essence, resilience can be defined as, the aptitude of a state to deal with hard-hitting situations in the country. The capacity to recuperate from such tough situations, whether natural disasters, poverty or inflation, may be indicated as resilience adapted systems.

Inclusive Education Essay Example | Topics and Well Written Essays - 500 words

Inclusive Education - Essay Example As per the book title is given (Teaching students with special needs in inclusive setting) it is clear that the authors of this book have made their point clear about teaching students irrespective of whether a student is physically handicap, having disabilities, an elder or aged person or a normal student studying in a same school, in a same class with equal consideration to all the students, it also includes ways and methods of teaching all the students simultaneously through which all the students can be comfortable whether it is a student with disabilities or with out disabilities, which makes this book different from the other books which only includes either ways and methods about teaching students simultaneously in one classroom or either only about discussing about Inclusive Education.The book also includes about the Inclusive education i.e. methods of teaching all the students simultaneously and the ways of making them comfortable with everyone. Inclusive means including eve rything mentioned with in a limit or without respect to a limit and according to the book it means including everyone in the classroom from students with and without disabilities to elderly student. Inclusive can be defined as the stated limit or extremes in consideration or account or including a great deal of thing concerned, according to the book Inclusive means including all the students of different age group, with and without disabilities in one school, one classroom.

Is Wind Power Really Green Essay Example | Topics and Well Written Essays - 1750 words

Is Wind Power Really Green - Essay Example Search for sustainable alternative sources of energy for development on a commercial scale has thrown up several options like the wind power, solar power, geothermal, tidal wave etc. and among these, wind power (and solar power) is coming to the forefront in view of its long history of development and scalability. However, there are distracters, mainly from the traditional fuel suppliers, who find fault with the environmental credentials of windmills. These misgivings are ill-founded and it is quite clear from its growing popularity and rapid technological strides of the industry, that wind power is a sustainable and commercially viable option, which has minimal adverse impact on the environment in comparison with nuclear or fossil fuel power. The current total global energy demand per year, put at 400 x 1015 British Thermal Units (400 quadrillion BTU or approximately 117.2 million GWh), of which 41%, 24% and 22% are the respective shares of oil, coal and natural gas; the share of hydropower and other non-conventional energy sources is just about 13% (US Department of Energy, as quoted by McLamb, 2010). According to the International Energy Agency (IEA), electricity production has risen by about 250% over a 30 year period and this growth has far outstripped the growth of production of coal and natural gas, and was facilitated by vast investments in nuclear power plants, especially in the 1970s and 1980s (World Energy Statistics Manual, IEA, 2005, p.46). IEA points out that during this period, the ‘share of oil decreased from 25 to 8% while the share of nuclear increased from 3 to 17%’ (ibid). Thus while the total energy demand has been rapidly rising and would continue to do so in the foreseeable future, dependence on nuclear power is also increasing. The reasons for increased dependence on nuclear power are not far to seek – firstly, a realization that fossil fuels are not an inexhaustible

Macbeth - Directing Act 2 Scenes 1 and 2 Essay Example for Free

Macbeth Directing Act 2 Scenes 1 and 2 Essay From the directors point of view, this scene is very dramatic because of the impact on Macbeths decision in Act 1 scene seven. In this scene Macbeth almost decides that he has talked himself out of killing the king, but his wife Lady Macbeth has other plans and forces him into a decision that will lead to the death of the king. This affects the two scenes I will be directing because in these two scenes the decision is put into practice when Macbeth kills the king. So I have to direct the two crucial scenes that see the king murdered by Macbeth. The setting for act two scene one is in Macbeths castle. It is dark and Banquo and Fleance are in the courtyard discussing what time of day it is, and as to whether it is past midnight or not. They work out what time it is by seeing if the moon is down, and then the candles are blown out. Now it is at this point large gusts of wind are heard howling throughout the castle with thunder and lightning clashing down around the audience. Owls are heard calling and all manner of nightlife is heard. This effect is used so that the audience are made intense and unaware as to what is happening next and to create tension. The sounds would be achieved through sound effects being played over the speakers and sharp, crisp lighting would be used to symbolise the lightning. A background tune will be played very lightly to create a mood so scary it will keep the audiences fixed to the stage from the edges of their seats. When Macbeth meets Banquo, Macbeth tells him that he is sorry for not being as good a host as usual and Banqou reassures Macbeth that he has been an excellent host to the king. Then he brings up the subject of the witches. He says that he dreamed of the weird sisters the night before, and tells Macbeth To you they have showed some truth. Macbeth replies, I think not of them, which is a deliberate lie. It is true that we havent heard him mention the witches, but he has been thinking of nothing except how to make the prophecies come true. If I was the director I would introduce Macbeth by letting him enter from right and to walk on quietly, sneakily in fact with only soft dull lighting to imitate the moon light. He would be wearing a long black smock to represent the fact he was upset or in regret that he was about to commit a terrible deed. The black would be used because it is traditionally the colour of the night and Macbeth had to blend into the background and move like the night in order not to be spotted or noticed. Banquo would be wearing red pants and a silver lightweight vest created out of steel with the imprinted cross of Scotland on the vest. He would be wearing a polished steel helmet with a sword placed neatly in its pouch, left hanging on the brown leather belt fastened around his waist. He would also have a spear in his hand with a long shaft that would also be used as a walking stick. He would be dressed like this because as a general protecting Duncan king of Scotland he would be expected to wear the kings finest military uniform. As a director I would expect Macbeth to deliver his lines to Banquo in a nervous manner. I would have him stutter and muddle up his words he would also jolt and pause in mid-sentence to give the impression to the audience he is unsure and nervous as to the crime he is about to commit. The lighting in this part of the play as I have already touched on would be dull yet crisp to create a sense of atmosphere and to create a mood, which would help Macbeth, deliver his lines. The torchlight the servant would be carrying at this point would be quite sharp and a glowing effect would be used to create the fire effect. Macbeths facial expressions would be few and far between because I would want him to be pale and blank faced so that it looked like he had other things on his mind, more important and life threatening things. At the opening of Act 2 scene two, Lady Macbeth is stood near to Duncans room waiting for Macbeth to return. At this point, I would want to emphasise the crime that is about to be committed and to create strong tension between the audience and the stage. Ideally the audience would be sitting focused, eyes fixed on the events and I would want them to feel a sense of danger and betrayal the moment Macbeth kills the King. The effects used to create this feeling would be sudden cold gusts of wind lashing through the audience. A strong gust of smoke would slide swiftly along the surface of the stage creating a dark musty atmosphere. Sharp lightning would be seen jolting over the stage with deep blasts of thunder to follow. Lady Macbeth would be dressed in a long silk red dress to represent betrayal and guilt even though she does not show any. When Macbeth returns with the daggers, I think it would be a dramatic moment, so I would chose to have a powerful spotlight focusing on Macbeth as he staggers across the smoke filled stage to his wife. My decision for this is that I would like the whole audience to be fixed to Macbeths every movement. I would want this because I would want the audience just to think about him and the crime that he was just committed. Makeup would be used on Macbeth to make him look like a ghost he would be completely white except for the small dashes of red on his face that would represent the kings blood. His hands and the area around his waist would be completely covered in blood to give the impression that he had hacked the king to pieces. At the opening of act two scene one, Macbeth is confident that he is ready to kill the king. When he tells the lie to Banquo that he has given no more thought to the witches predictions, he should deliver these lines with a certain stutter including repeating and missing out some words. He would also stop and jolt in mid sentence. I think he should speak like this because it makes the audience think he is not sure about what he is about to do and he isnt sure as to whether he can or not. When Macbeth hallucinates he thinks that there is a dagger before him and he reaches out for it and of course cant grasp it. Macbeth is not sure, and wonders whether it is A dagger of the mind, a false creation. If I was the director, I would make Macbeth say these words with confidence then I would make him sound confused as to what he was saying. To give the impression his mind was thinking one thing but common sense was thinking about something else. As Macbeth speaks of the bloody business and how wicked dreams abuse/the curtained sleep, he appears much more confident. To indicate this, I would make him start of whispering the lines then slowly increasing the sound so by the time he had delivered the lines he was screaming them from the rooftops. I would expect his face to be blank, a dark spotlight would be shining on him, as he started shouting his lines he would smile and the spotlight would be turned up, eventually when he had finished Macbeth would be smiling, and the spotlight would be shining brightly. After Macbeth has murdered the king and he returns with the bloody daggers, he seems to be nervous and edgy. His repeated question whos there? What ho? indicates this. I would show this by making Macbeth speak his lines in a slow, shallow majestic voice with the words flowing slowly but surely one after the other with a short silent pause between each precious word. Macbeth considers the enormity of the crime that has been committed, and is terrified, as he knows that he can never be forgiven. He stresses how he could not say Amen after the murder, and how he thought that they heard a voice cry Listning their fear, I would not say Amen, when they did say God bless us. To make this point more dramatic, I would chose to make Macbeths voice cry lightly and sharp frequent drops of water would be seen running across his chin and dripping onto the stage. It would sound like he was in pain with sudden shrieks lashing through the audience as though he wants everyone to experience the heart breaking pain that he is going through. After the murder, Macbeth says I am afraid to think what I have done /look ont again I dare not. Perhaps Macbeth does feel genuine remorse for his crime, or maybe he is more afraid about what will happen to his soul when he dies. I think that he does show some genuine remorse because I think deep down he didnt want to kill Duncan but was in fact talked into by his wife and has now noticed the error of his ways. I could show this by making him drop to his knees and holding his head in his hands crying out for mercy from God. In act two scene one, I would choose to have Banquo to speak in a stern but tired way, as he is Macbeths friend. I would indicate to the audience that he is honest by making sure that he is looking loyal and worthy along with proud and upstanding when he is speaking to another character. Throughout the scenes, Lady Macbeth is revealed to be calm and calculated. When Macbeth returns from the scene of the murder, he says I heard the owl scream and the crickets cry. Did not you speak?. I would reflect her unemotional state by having her speak nicely; soft and quiet. Her eyes would wonder as if she were thinking of something completely different. Lady Macbeth seems ill concerned with her husband when he talks of his inability to sleep. She warns him You do unbend your noble strength to think/ so brain of things. Why did you bring these daggers from the place? They must lie there: go carry them, and smear the sleepy grooms with blood. If I were the director, I would show her irritation by speaking to her with an abrupt sarcastic voice with a tone that suggests that shes speaking to an idiot. She will snap and snarl at Macbeth and look down on him. To conclude I have tried to answer each section as best I can. I have tried to incorporate the mood set by each characters lines by using lightning and sound effects as well as the way the actors portray their lines. My aim was to try to get the audience involved in the play without them actually acting, so that they could experience one to one the characters moods, so that they could really understand and get into the play. I would chose Ozzy Osborne to play Macbeth because he is older than some, dresses in black and has a certain element of disguise in him which I feel Macbeths actor needs to portray well. I would choose Halle Berry to play Lady Macbeth because her latest film Gothika was a perfect example of a spooky story of which she played her part extremely well.

Insulin Production From Genetically Modified Bacteria Biology Essay

Insulin Production From Genetically Modified Bacteria Biology Essay In the 1970s people suffering from diabetes mellitus used insulin from cattle pigs, but this was expensive time consuming. Moreover insulin from other animals was not exactly as same as those in humans, causing many side-effects. Also many people were against the use of animal insulin for ethical or religious reasons. This problem had to be solved in 1970s biotechnological companies began working of genetically modifying a bacterium to produce insulin by insertion of a human gene. many different methods were tried tested, then finally in the early 1980s they suceeded, this was agreat achievement in the science world. the procedure was as follows :- Isolation of insulin gene insulin is a small protein . the first challenge was to isloate the insulin gene from the rest of the DNA in the human cell. But there was a problem doing so directly, instead the mRNA carrying the code for synthesizing insulin was extracted from the cells in the pancreas that produces insulin, called B-cells. then the mRNA was left in incubation with reverse transcriptase, reverse transcriptase is a special retrovirus, it does the opposite of transcription i.e codes for DNA from RNA, this newly coded DNA is called complimentary DNA or simply cDNA. at first single stranded molecules were formed, which then turned in double helix. these DNA molecules carried the code for human insulin. these DNA molecules then needed to be stuck to other DNA strands, so they were given sticky ends by adding lenghts of single stranded DNA made up of guanine nucleotide to each end using enzyymes. insertion of gene into a vector for the human insulin gene to be inserted into a bacterium, there has to be an intermediate carrier of the gene called a vector this was a plasmid. plasmids are small circular pieces of DNA found in many bacteria. plasmids can freely move into bacterium cells and if we are able to insert the human DNA inside the plasmid then insert plasmid into a bacterium. To obatin the plasmids from the bacteria containing them, these bacteria frist had to be mixed with enzymes to dissolve their cell walls. then centrifuged so that large organelles e.g chromosomes small ones like plasmids would be seperated. restriction enzymes were used to slice open the the circular DNA making up the plasmid. sticky ends were added again but this time the nucleotide used to make them conatined cytosine guanine bases on their ends paired up. DNA ligase was then used to link the nucleotide backbone together so that the human insulin gene became part of tthe plasmid. this was the manufacture of recombinant DNA. Advantages of treating diabetes by human insulin There are a number of advantages of using the human insulin produced by genetically engineered bacteria: it is chemically identical to the insulin that would have been produced had they not been diabetic, so there is little chance of an immune response because it is an exact fit in the human insulin receptors in human cell surface membranes, it brings about a much more rapid response than pig or cow insulin, like natural human insulin, the duration of the response is much shorter than pig or cattle insulin, it overcomes problems related to the development of a tolerance to insulin from pigs or cattle, it avoids any ethical issues that might arise from the use pig or cattle insulin, for example, religious objections to the use of pig insulin or objections from vegetarians to the use of animal products. Benefits of gene technology Through gene technology, it is now possible to produce: à ¢Ã¢â€š ¬Ã‚ ¢ genetically modified organisms for a specific purpose. Previously, such genetic change would have to be brought about by selective breeding which requires organisms to be of the same species (able to breed successfully together), takes many generations and involves transfer of whole genomes, complete with undesirable background genes. Gene technology is much faster and involves transferring one or few genes, which may come from completely unrelated organisms, even from different kingdoms. à ¢Ã¢â€š ¬Ã‚ ¢ specific products, such as human insulin and human growth hormone, thereby reducing the dependence on products from other, less reliable sources, such as pig or cow insulin. à ¢Ã¢â€š ¬Ã‚ ¢ reduce use of agrochemicals such as herbicides and pesticides since crops can be made resistant to particular herbicides, or can be made to contain toxins that kill insects à ¢Ã¢â€š ¬Ã‚ ¢ clean up specific pollutants and waste materials bioremediation à ¢Ã¢â€š ¬Ã‚ ¢ potential for use of gene technology to treat genetic diseases such as cystic fibrosis (see below) and SCID (Severe Combined Immune Deficiency) as well as in cancer treatment. Hazards of genetic engineering Genes inserted into bacteria could be transferred into other bacterial species, potentially including antibiotic resistance genes and those for other materials, which could result in antibiotic resistance in pathogens, or in bacteria that can produce toxic materials or break down useful materials. Regulation is designed to minimise the risks of escape of such genes. There is little evidence that such genes have escaped into wild bacterial populations. Crop plants have, by their nature, to be released into the environment to grow, and many millions of hectares of genetically engineered crops, both experimental and commercial, are planted across the globe. So far, fears that they might turn out to be super-weeds, resistant to herbicides and spreading uncontrollably, or that their genes might transfer into other closely related wild species, forming a different kind of super-weed, or that they might reduce biodiversity by genetic contamination of wild relatives seem to have proved unfounded. A paper was published in Nature in 2001 showing that Mexican wild maize populations were contaminated with genes from genetically manipulated maize, but the methods used were flawed and subsequent studies have not confirmed this contamination, suggesting that the wild maize is not genetically contaminated. There is some evidence that Bt toxin, geneticially engineered into plants such as cotton and maize, whilst very effective in killing the targe t species, may kill other, desirable, insects such as bees and butterflies, and may also cause natural selection of Bt toxin resistant insects. Future events may show that such environmental risks are greater than they look at present. Food that is derived from genetically engineered organisms may prove to be unexpectedly toxic or to trigger allergic reactions when consumed. There is little reliable evidence that this has been so, but the risk remains. Food containing the expressed products of antibiotic resistance marker genes could be consumed at the same time as treatment with the antibiotic was occurring, which would potentially reduce the effectiveness of the treatment. No examples of this are known. social ethical implocations of genetic engineering ethics are set of rules set by people distinguishing between whats acceptable and whats not, between whats right and whats wrong. these ethics or rules change from a person to person depedning upon knowledge, experience, social influnce, religious influence etc. The social impact of gene technology is to do with its potential and actual impact of human society and individuals. In terms of social impact, gene technology could: à ¢Ã¢â€š ¬Ã‚ ¢ enhance crop yields and permit crops to grow outside their usual location or season so that people have more food à ¢Ã¢â€š ¬Ã‚ ¢ enhance the nutritional content of crops so that people are better fed à ¢Ã¢â€š ¬Ã‚ ¢ permit better targeted clean-up of wastes and pollutants à ¢Ã¢â€š ¬Ã‚ ¢ lead to production of more effective and cheaper medicines and treatments through genetic manipulation of microorganisms and agricultural organisms to make medicines and genetic manipulation of human cells and individuals (gene therapy) à ¢Ã¢â€š ¬Ã‚ ¢ produce super-weeds or otherwise interfere with ecosystems in unexpected ways, reducing crop yields so that people have less food à ¢Ã¢â€š ¬Ã‚ ¢ increase costs of seed and prevent seed from being retained for sowing next year (by inclusion of genes to kill any seed produced this way) reducing food production à ¢Ã¢â€š ¬Ã‚ ¢ reduce crop biodiversity by out-competing natural crops so that people are less well fed à ¢Ã¢â€š ¬Ã‚ ¢ damage useful materials such as oil or plastic in unexpected ways à ¢Ã¢â€š ¬Ã‚ ¢ cause antibiotics to become less useful and cause allergic reactions or disease in other unexpected ways The ethical impact is about the application of moral frameworks concerning the principles of conduct governing individuals and groups, including what might be thought to be right or wrong, good or bad. So in the context of gene technology, it is to do with issues of whether is right or wrong to conduct research and develop technologies, whether it is good or bad. Judgements may be that à ¢Ã¢â€š ¬Ã‚ ¢ It is good to conduct such research to develop technologies that might improve nutrition, the environment or health à ¢Ã¢â€š ¬Ã‚ ¢ It is good to use the results of such research to produce food, to enhance the environment or improve health à ¢Ã¢â€š ¬Ã‚ ¢ It is wrong to continue such research when the potential impact of the technology is unknown and many aspects of it remain to be understood. à ¢Ã¢â€š ¬Ã‚ ¢ It is wrong to use the results of such research even when the organisms are kept in carefully regulated environments such as sterile fermenters as the risks of the organisms or the genes they contain escaping are too great and unknown à ¢Ã¢â€š ¬Ã‚ ¢ It is wrong to use the results of such research when this involves release of gene technology into the environment as once it is released it cannot be taken back the genes are self-perpetuating, and the risks that they might cause in future are unknown The social and ethical implications of gene technology are complex and relatively unfamiliar to people who are not scientists, including those involved in the media and in government. This complexity and unfamiliarity is the cause of considerable concern and debate. In considering the implications of gene technology the best approach is to avoid the general (e.g. avoid it is bad to play God) and stick to the specific and balanced (e.g. it is possible to increase food crop yields with gene technology so more people can be fed, but there is enough food already if it is properly distributed, so people should not be forced to eat products with unknown risks).

Woolworths Australia History

Woolworths Australia History Woolworths has the biggest supermarket chain in Australia and is owned by the Woolworths Limited. Woolworths Limited was established in 1924 with the initial store opening in Sydneys Imperial Arcade. Its opening advertisement claimed that every city required the Woolworths and thus everybody needed a handy place where good things were cheap (Karen Plunkett-Powell, 2001). Woolworths was founded by Stanley Edward Chatterton, Harold Percival Christmas, Ernest Robert Williams, George William Percival Creed and Cecil Scott Waine. Stanley Chatterton and Percy Christmas had opened the first floor Frock Salon in Queen Victoria Markets currently the Queen Victoria Building at the corner of George and Market streets in Sydney (Collier and Evans, 2010). Formation of Woolworths limited It was obvious in 1924 the premises of S.E. Chatterton were small steered to opening of another branch. Formation of the new company (Woolworths limited) incorporated with the nominal capital of 25,000 shares each. The once proposed Woolworths Bazaar seemed cumbersome and on 22nd September in 1924, the company got registered as Woolworths limited after realization that the overseas Woolworths Company has no agenda to open in Australia. It had the following founding directors: S.E. Chatterton, H.P. Christmas, C. Scott Waine, E.R. Williams and G.W.P. Creed as the nearest advisers (Karen Plunkett-Powell, 2001). There were 15,000 shares which were given to public though there was small confidence in the business enterprise. Only 11,707 shares got subscribed by 29 people mostly the friends of promoters. Despite the mode, it was decided to go on and open soonest possible. The store was an instantaneous success and in its initial year the company remunerated a dividend of 5%, 40% in the second year and 50% in its third year (Collier and Evans, 2010). The policy of the founders to sell good in popular demand on cash and carry basis had been maintained (Peter Schulz, 1982). Woolies before Transition Retail environment in Australia Over the last 50 years, the Australia enjoyed fine business environment with increased population with the shopping centre developers becoming some of the leading in the world. The country enjoys fine weather all the year round, apart from having many of open air shopping centers. The usually encompassed centers have also an outdoor component with enclosed air conditioned areas which offer the respite from summer heat in warmer states. Evolution of supermarkets came with huge impact on Australias retail landscape. Riding on the strength of supermarkets retailing, Woolworths were at the time prepared on their way to become the biggest largest retailers. The Woolworths and Cols have currently neared 10% of the total Australian retail sales. As the retail sector in Australia has grown, it has also remained flexible and strategic to cope with micro and macro economic challenges, consumer trends, technological advances, new retail formats, consumer trends, globalization, rising retail rents, and increasing competition. Warehousing At first the Sydney Bulk Store was built on the two floors above Oxford Street store in 1929 though the space was outgrown quickly and in 1933 the three floors of the nearby Wentworth Avenue warehouse got taken over. The 20,000 sq ft seemed enough for the foreseeable future though it was outgrown within two years. This lead into purchase of 1 acre site at Pyrmont and 100,000 sq ft warehouse establishment opening as Sydbulk in 1936. Within the two years of growth, the space was outgrown as now Woolworths had 71 stores bulk and trading buying was the significant part to supply the best prices to customers. A novel bigger site was obtained at Glebe and in 1940 a modern warehouse of 262,000 sq ft was opened. Simultaneously, the Sydprint which was initiated in 1934 as the silk screen department in Majestys store moved likewise into Glebe warehouse (Karen Plunkett-Powell , 2001). The availability of enough warehousing was short lived and the influx of troops in the World War II created a space at the premium and in 1942 the Woolworths managed to bargain for smaller area in the attempt of taking the Glebe Warehouse as 100,000 was fenced for Americans. The World War II had brought the companys growth into termination. Many Woolworths men and women joined into military services which made it difficult for the company get its stock and staff (Karen Plunkett-Powell, 2001). The company saw a big change in its top management in 1940 with the appointment of Mr. Theo Kelly as the General Manager preceding Mr. H.P. Christmas then in office after the company sought the relief solution from increasingly arduous duties. Mr. Kelly who had joined Woolworths in 1928, its dedication interest in stock control issues led into his appointment as the Warehouse Manager two years later (Peter Schulz, 1982). Mr. Kelly was transferred to New Zealand in 1931 as the general manager and after three years he was appointed as the Director of Woolworths NZ. He took leave from position of General Manager to serve in RAAF for a few years and then got appointed into the board on his return. In 1945, Mr. Christmas retired as the managing director which led Kelly to be appointed as the successor at age 37. Mr. Christmas retained his Board position though on his oversees trip he suddenly died at Bordeaux in France. His position on Board was taken by Mr. Cedric Hart who joined the company in 1928 as the Queensland Accountant and got appointed as Secretary at the Head Office, Sydney in 1929. Post-War Expansion The termination of war brings the duty of rehabilitating the returned service personnel and the depleted warehouses and stores. The first post-war store was commenced at Brankstown, Sydney in 1948 and other stores quickly enhanced. In 1954, the Woolworths purchased the Majestys building for $ 2,200,000, Australian record price for one piece of the real estate and in 1955 the Woolworths opened the 200th store in Civic Centre, Canberra (Collier and Evans, 2010). Woolworths continued to grow in New Zealand to acquire 10 McDuffs stores by 1951 and in 1955 there were already 50 Woolworths stores established in New Zealand. In 1956 the company commenced its staff Journal which soon came to be called the Woolies News and circulated to all the states and stores to keep the Woolies family updated on the activities of rapidly expanding company (Karen Plunkett-Powell , 2001). Woolies Transition Woolworths limited continued to develop and in 1929 it saw its establishment in the London Buying Office (Australasian Chain Stores Ltd) and its related company in New Zealand, the Woolworths Zealand ltd whose initial store opened at Cuba Street in Wellington in 1929. By the ending of 1933, Woolworths limited had grown into 23 branches in Australia and 8 branches in New Zealand. The initial Victorian store was opened at Bourke Street in Melbourne in 1933. On the proceeding year, the former Bargain Basement Imperial Arcade in Sydney was closed after the company got the lease of her closest Majestys Theatre (Karen Plunkett-Powell , 2001). Following the considerable internal reconstruction, her new Majestys branch at Market and Pitt Street became the Woolworths major Sydney store which opened on 1934. In 1938, another new company was built to control the freehold properties of Woolworths properties ltd, Woolworths freehold properties and in 1942 the companys initial architect was selected. Woolworths had consistent advertisers in daily newspapers from beginning. In 1937, the company decided to utilize the comparatively new medium of radio sponsoring; the evening program referred to as Rhythm Round-up aired in station 2GB in Sydney (Collier and Evans, 2010). The Woolworths appeal for almost unfamiliar before breakfast resulted in Jack Davey to get its initial peak-time break in the show business and became one of the Sydneys principal personalities (Karen Plunkett-Powell , 2001). In 1981, the construction began on novel 74,000 sq metre warehouse complex on a land of 13 hectares at Yennora at the approximate cost of $20 million. The Yennora Distribution Cntre opened in 1983 and became the companys initial computerized Food warehouse. The second computerized Food Warehouse was established at the Acacia Ridge, Qld in 1983 and the novel meat processing plant at Wacol, Brisbane stated its production in July. In 1985, acquisition of 126 Australian Safeway Stores brought Woolworths to be the biggest food retailer in Australia. The Safeway Stores were located in Queensland and Victoria, New South Wales and involved the Northern New South Wales and Food Barns in Queensland. The stores got acquired following the agreement in which the Safeway Inc received 19.99% interest in Woolworths Limited (Peter Schulz, 1982). This led into Mr. J.W.R, the managing director and chairman of Australian Safeway stores, and Mr. P.A. Magowan, the chief executive officer and chairman of the Safeway stores Inc, USA got appointed into the Woolworths Board (Karen Plunkett-Powell, 2001). Currently the Food Store Chain included Philip Leong, Flemings (NSW), BCC, Food for Less (QLD), BCC, Fabulous (SA), Nancarrows (Vic), and Food Fair (WA) and it was concluded that from 1986 the businesses would operate as Food and Wholesaling Unit based at Mascot, Flemings, and Sydney. Woolworths also enhanced into franchising with the passing of Clancys franchises from the testing stage and 12 Clancy stores which operated in New South Wales. On January of 1985, acquisition of 50% for issued capital of Chandlers, Australia got pronounced. Chandler operated the chain of 59 electrical retail stores in Northern New South Wales and Queensland while in April the initial Dick Smith store was established in San Francisco, United States (Collier and Evans, 2010). In 1985, the minute group of 12 Homemaker stores was terminated. These stores were initially established in 1973 with stores in Jesmond in NSW and Bankstown Square, which involved a wide range of furniture, white goods and furnishings. On November, the IEL advised the unconditional offer to all shares in Woolworths Limited at the price of $3.65 cash per share. On December, the chairman for Woolworths declared the Woolworths directors had agreed on IEL offer to get the Woolworths shares. In 1989, the IEL had acquired 98.4% of shares in Woolworths and went on with compulsory acquisition of remaining Woolworths share (Collier and Evans, 2010). Woolworths became fully owned subsidiary of IEL at the cost of $ 850 million and on 31st of May, the Woolworths Limited shares got delisted and the company never appeared on Stock Exchange Boards after being listed for 65 years (Peter Schulz, 1982). The Woolworths limited stores had not been given attention until the premises offer on the highly advantageous terms which resulted in Woolworths opening at the store in Queen Street, Brisbane in 1927. On the preceding year, the company opened a store at 370 Pitt Street, second in Brisbane in the Valley and initial in Western Australia at the Hay Street, Perth (Peter Schulz, 1982). Cost and Benefits On October in 1964, the Woolworths opened its initial entirely sponsored and established the regional shopping centre (Jesmond Centre), near Newcastle, NSW. The 12 acre $2 million project involved the Woolworths initial BIG W department store, extensive car parking and specialty shops. In the preceding year the company opened the second BIG W department store at Chatswood. In 1964 Woolworths celebrated its 30th anniversary for its total retail sales which totaled $250 million setting the record for Australian retailer. It saw the building of laboratory of food testing at Perishables Warehouse in Auburn hence launching the company on the Quality Assurance Program which became one of the biggest and most comprehensive in retail industry in Australia (Karen Plunkett-Powell , 2001). In October 1965, Woolworths opened the second regional shopping centre at Newcastle in New South Wales. The $4 million establishment was referred as Kotara and in August 1966 was preceded by a drive-in shopping centre at the Liverpool nearby Sydney. And in November 1968, the Rock-hampton (Central Queensland) got its initial drive in the shopping centre when the Woolworths started the Northside Plaza (Karen Plunkett-Powell , 2001). On the proceeding year, Sundale on Queenslands Gold Coast was established on March and the fifth drive-in shopping centre got entirely expanded by Woolworths. Also the $71/2 million regional shopping centre on a 13 acre site comprising 50 shops was flagged as one of the developed designs in Australia by the time (Karen Plunkett-Powell, 2001). The drive-in supermarkets greatly spread as Warrawong Regional Centre in the nearby Port Kembla, and New South Wales opened in 1969. Woolworths drive-ins opened its seventh shopping centre south of Warrawong at Warilla Grove with Woolworths supermarket and other 20 specialty stores (Peter Schulz, 1982). Woolworths formed an export division in 1963 as Woolworths registered in Malaysia, Thailand Philippines and Hong Kong. In May 1965, the Woolworths Limited in Malaysia acquired the management interest in Fitzpatricks Food Suppliers, the Far East Limited, which is one of the Leading Singapores retail, agency and wholesale organizations. This was consequently sold in 1970. In 1965 Woolworths had the significant events of acquiring the long-term lease in Bebarfalds building the famous Sydney landmark at the corner of Park and George streets opposite Sydney Town Hall. In 1978, the board agreed the offer from LD Nathan and Co Ltd, from New Zealand to buy the Woolworths 40% interest in Woolworths (NZ) ltd. The company had the net gain due to transaction of $2,016,000 and 1,887,844 shares in Co.Ltd and LD Nathan which represented the 15% interest in the company (Peter Schulz, 1982). In 1979 Woolworths shares in LD Nathan plus Company Limited got sold to the New Zealand institutions bringing into an end the association which extended over half century. Woolworths established their initial New Zealand store in Cuba Street, Wellington in 1929 and lastly got 98 stores in New Zealand. In the marketing style changes of the Woolworths first self-service, a variety store was started at Beverly Hills, in a Sydney suburb on October, 1955. In the similar concept in retail trading overseas, especially in America, customers no longer waited to be catered for but serviced themselves to the items they required to pay at the checkouts as they moved out of the store (Peter Schulz, 1982). In 1983, the company made the year sales of $3,243,701,000 and the net profit of $56,965,000 after taxing. To recognize the companys 60th anniversary, the directors issued for bonus issue of shares made to all shareholders in the proportion of 1 to 10. The dividend reinvestment plan was pronounced and became operating in 1984 last dividend. In the year, 10 small stores in north of Western Australia got acquired from Elders IXL. The acquisition brought Woolies into a sole rich Pilbara region of north Western Australia for initial time and into the total number of 793. The concept was successful and the second self-service store got opened in Carnegie, in Melbourne the preceding year. In this whole period, the company experimented with small food sections in the rear parts of its variety stores including the Burswood, Punchbowl, Dee Why and Campsie (Karen Plunkett-Powell, 2001). The grocery range was limited though it included delicatessen items, fresh vegetables and packaged fresh meat sold in refrigerated cabinets. The variety sectors were serviced while the food sections were on self-service basis and had their own checkouts in the middle of the store. In May 1958, the company enhanced his fewer food outlets by acquisition of other 32 BCC (Stores food markets) in Queensland. The quick expansion enabled Woolworths to open its 300ths store in Wentworthville in December 1959. 1960 was the momentous year as Woolworths continued to proceed into the food sector to acquire John Wills supermarket chain which consisted of nine stores in Western Australia (Collier and Evans, 2010). With enhanced expertise in food marketing, the Woolworths planned for a series of comprehensive supermarkets, self selection stores, giving a variety of goods and range of food under one roof, with nearby parking space to meet the needs of fast growing population of car owners (Peter Schulz, 1982). The first Woolworths supermarket was opened at Warrawong, New South Wales in 1960 and was a great success which the other stores planned on drawing board reviewed to allow for full growth of the entire sites. In November and December of the same year, supermarkets got opened at Seven Hills, Berala, St. Ives, and Fairfield Heights, New South Wales, Margate and Coorparoo in Queensland and Elizabeth in South Australia. Acquisition for the 55 store Flemings food Chain in June and 57 New South Wales stores At McIraiths in November enhanced Woolworths food marketing. Woolworths became the initial retailer to function widely in Australia in 1960 when it bought the Northern Territory business for Centralian Traders Pty Ltd, in Alice Springs and Woolies were brought in the centre of the continent as Darwin followed in 1962. Following the massive expansion, the Glebe warehouse became a bit small and the existing stock-handling techniques too cumbersome. By the beginning of 1960, a new eighteen acre distribution centre at North Auburn, Silver water in NSW got established in stages. It occupied the entire block and offered the largest building for its kind in Australia with 800,000 sq ft of the storage space on two levels (Peter Schulz, 1982). The variety stock was held in one floor with consumables and groceries on other. Installation in the warehouse of Ramac, electronic computer for distribution and modern stock control, built Woolworths as the leader in computer usage in retail industry. In 1962, the completion of warehouse in Sydprint shifted from Glebe warehouse to Silverwater and got renamed as Woolprint and remained there until 1989. A new subsidiary Meatex was formed at Auburn for meat supplication to supermarkets and by 1961 another smaller Meatex plant got opened at Welland, South Australia before it relocated to Marleston in 1963. In August, a novel Meat distribution centre got completed in Blacktown to replace the Meatex at Auburn. The modern plant had extensive facilities which facilitated distribution for fresh meat to Woolworths NSW supermarkets (Collier and Evans, 2010). In 1960s, Woolworths expanded again into apparel market. It purchased 70 Rockmans apparel stores which operated in Tasmania, Victoria, New South Wales, South Australia and Queensland in 1961 and by November purchased the manufacturing company (L.O. Bailey Pty Ltd) 78 and other related Chic Salon lingerie shops. The initial stage of enhanced alterations towards the building now called the Woolies Corner, culminated in November opening of the new look Woolworths variety store which occupied the basement, first and ground floors (Peter Schulz, 1982). There was the addition of two additional storeys, and the upper floors became the head office of the company in March 1970. Her Majesty store which traded for 36 years terminated in 1970 and the building got sold to AMP Society for redevelopment as a portion of Centre point project. In 1966 a Knighthood, the Queens Birthday Honor List was pronounced for Woolies Chairman and Managing Director (Sir Theo Kelly) in reorganization for his services to industry and Commerce. Sir Theo Kelly had taken the part of Mr. C. Scott Waine as the Chairman of Board in 1963, to hold the appointment jointly with Managing Directorship. In 1967 eight Cox brothers department stores got acquired successfully to comprise the Foys at Bourke Street in Melbourne and the stores in Melbourne in Chadstone suburbs, Prahran, Northland and Collingwood; Cox-Economic at Hay stret, Morshead atBallarat, Cox-Foys and Perth at Mt Gambier SA. The Victorian group of 26 food stores (trading as Nancarrows) was acquired in 1969 and further group of 75 Crofts Food Stores in 1970. The stores added to existing Food Fairs to make it the composite group of 120 food stores which trading as Nancarrows and offered the strong entry into Victorian market (Collier and Evans, 2010). Woolworths opened a novel BIG W Centre at Booval near Ipswich Qld which featured the complete self-selection and checkout process to merchandising in department store as well as food in 60,000 sq. ft. trading level. On the preceding year, a similar store opened at Indooroopilly in Brisbane. This became announced as the Woolworths Family Centre and Booval store got adopted at the same time (Karen Plunkett-Powell, 2001). Simultaneously, it was decided to hold the trading name of BIG W department stores for the purpose of transferring the existing stores to new Woolworths Family Centre Division. In the end of 1970 other three Woolworths Family Centers started to operate in Queensland at Mt, Isa, North Rockhampton and Mt Gravatt, Brisbane. Popularity in Woolworths Family Centers, Queensland gave way for more expansion for this new division and in 1971 the initial New South Wales centers started at Warilla Grove shopping centre and St, Wollingong. These got followed by the Wagga NSW, 10th and the Phoenix Park near the Fremantle WA, 31st. By the end of September in 1971, there were opened six more Family Centers, three in Queensland, two in (NSW) and one in WA. Also the company lauched its 25-year club in 1970 where the Woolworths honors its employees retired or active with 25 or more years service. The inaugural functions got held in the entire states at Companys London Office (Karen Plunkett-Powell, 2001). Sir Theo Kelly retired in 1971 and Owen Price the general manager since 1969 was appointed as the companys chief executive. Sir Theo remained as the chairman of Woolworths Limited, subsidiary and associated companies and the managing and chairman of Woolworths, in New Zealand Limited. In November 1972, the last surviving member of Woolworths group who founded Woolworths, Mr. Stanley E. Chatterton CBE, retired from the directors board to severe the link of great historical importance. In 1974, the general manager, Mr. Owen Price, resigned and Mr. Paul Simons and Mr. W.B Dean got appointed jointly as general managers and Mr. C.T. Waldon became the deputy general manager. On December in 1978, Mr. C.T. Waldron the deputy general manager became appointed as the joint general manager corporate services after resignation of Mr. Paul Simons as Mr. W.B. Dean maintained his responsibility as the Joint General Manager (merchandising). In 1973 Woolworths introduced the carefully organized series of Woolworths own brands. It launched 200 items under five different names: St Mark, Chevron, Grandway and Woothworths which all bared the Own Brands seal. For qualification in inclusion of the Own Brands range, the e product retained the least equal quality to national market leader though it sold at a minimal price (Karen Plunkett-Powell, 2001) Woolworths limited 50th anniversary was celebrated by the shoppers in the entire Australia on 5th December as Australia shaped cakes which bared 50 candles got distributed in all the stores for customers and staff to share (Peter Schulz, 1982). That year saw the retail sales of $702,024,065 and the operating profit minus the tax of $9, 933,770. The staff currently which totaled 32,000 made the Woolworths as one of the largest employers of private labor enterprise sector (Collier and Evans, 2010). The Woolworths board recently established the four clear corporate objectives: To offer the customers with good quality merchandise at cheap prices. Improved profit on shareholders funds to make the people owning Woolworths To receive good returns on investment. To offer their customers with adequate and friendly services. To provide good conditions, wages, job satisfaction for its employees. In 1975, there was a high inflection in Australia and Woolworths got affected by the heavy increases of wages. Even though, 143 new stores got completed in the year and significantly the policy discussions got held to rationalize the trading operations and plan for establishment of BIG W Discount Store Division, the novel style for retailing of Woolworths. The BIG W concept was for big store, and sold the general merchandise on a sole level with enhanced parking facilities. The initial BIG W DISCOUNT STORE was started at West Tamworth in New South Wales in 1976 and by the ending of 1978, up to 13 BIG W Discount stores operated with stores in the entire states and ACT. Also in 1976, Woolworths became the initial Australian retail organization to get the sales which exceeded $ 1 billion in a financial year and the initial Annual Report to staff got distributed, an additional initial Australian Retail Industry (Karen Plunkett-Powell, 2001). In 1980, Sir Theo Kelly OBE retired from the position of Chairman and got succeeded by Mr. E.P. McClintock. Sir Theo Kelly was established to commemorate his 52 years in the company and 17 years as the chairman. The foundation offered the scholarship to enable managers from the industry participates in the moment of tertiary education aiming directly to develop the skills in Executive Retail Management. On January, 31st, Mr. AJ Tony the previous state manager for NSW was selected as to general manager and also chief executive and director for the board before his appointment as the managing director in 1981. In the year which ended in 28th January in 1981, the company sales exceeded by $2 billion for initial time and the increased results made the bonus issue of usual shares of 1 for 10. A $30 million pronounceable rights matter for convertible unsecured was made to ordinary shareholders to help in funding of new store development. In 1981, the Woolworths got 60% of the established companies operated by Dick Smith Electronic, and the remaining 40% of Dick Smith group got acquired in 1983. The food store group was based in Townsville, Qld as Philip Leong was taken in April and acquirement of Purity Group of 14 supermarkets and Roelf Vos group of 10 supermarkets in Tasmania. Woolworths had been in the forefront in utilization of the latest technology and improved its retail performance. In year 1926 the receipt-printing cash registers got installed by National Cash Register Company which declared Woolworths Limited was the words firt variety store to implement that kind of machines to record its sales (Collier and Evans, 2010). In August of 1982, the Arndale Supermarket and the Frenchs Forest formed the initial centre for scanning operations with NCR equipment in Sydney. Preceding the successful pilit scheme, the scanning systems got introduced in 10 supermarkets in Purity Stores and New South Wales in Tasmania. The Proceeding year on 5th of December, there was the introduction of the worlds first national electronic funds transfer system at the point of sale at that supermarket at Neutral Bay, New South Wales. The Food Plus and BP Australia joined Westpac for this historic initially. In 1998, the trial for the first scanning system got launched at Glenorchy Purity Supermarket, Tasmania. In the first week of December, celebrations were held in the entire Woolworths stores to celebrate the companys 60th Anniversary. This followed the giving of 11 kilo maps of Australia cakes to all Woolworths stores for cake-cutting ceremonies and presentation in the community groups. This give opportunity for the 25 year club with the membership f 705 which held special functions in all the states. The community gestured for 60th anniversary and the poster of Australian flags with 38 flags depicting the Australian history got produced for Australian day. Two of posters were given free to all the Australian schools, state and independent likewise to make available in all the parliamentarians and any interested parties. They proved to be successful and became an annual event with the new poster on Australian theme designed and distributed every year (Collier and Evans, 2010). The Future of Woolworths Improvement in Profitability The companys results reviewed a dramatic turnaround from negative effects of 1987. The half year trading of 1988 confirmed the improvement trend in profitability of company though the directors never declared on interim dividend. In the period of 1988 to 1989, the sales and the group operating profit increased and again putting the Woolworths as the leader of retailed food in Australia (Peter Schulz, 1982). In 1989, the new concept of store presentation introduced alongside Crazy Prices Store that was opened at Eastwood, NSW. Formally growing from aggressive efforts into clear stocks on closing of unprofitable variety stores, the precepts was then enhanced into new sites and in two years the 20 Crazy Prices stores got established (Karen Plunkett-Powell, 2001). Environment Woolworths looked for various ways of reducing its effects on environment. It engaged in recycling of in-store waste like polystyrene boxes, cardboard boxes, meat off cuts and chicken rotisserie fat and the supermarkets came up with storefront bins of plastic bag recycling. In the last half of 1989, Woolworths established the testing program and became the CFC free and utilized only the HFC refrigerants. All the refitted and new Woolworths supermarkets are fitted with HFC products nationally (Peter Schulz, 1982). Woolworths currently uses the latest technological advances to offer the service for their customers. The Woolworths Online Fresh Food Website involves the personalized meal planning features. The site gives room for the customer to browse around 2000 delicious recipes, dietary advice and practical cooling tips from the leading nutritionist: Rosemary Stanton and register for dietary requirements and personal food preferences. Proper meal plans particularly tailored to those kinds of requirements are generated and after the recipes are chosen, the sites form a shopping list and advice to the viewer of their nearest Woolworths Purity, Safeway or Roelf Vos Supermarket. Its Home Page Services got extended when the Homeshop went live in 1998. Centered on the Woolworths store at Eastwood, Sydney, the Homeshop enables the customers to view for products range including fresh fruit and vegetables, groceries, serviced deli, fresh meat, liquor, frozen and chilled foods. The customers have got their chosen groceries delivered within the nominated 2 hour delivery window amidst 7am and 11pm by the refrigerated Homeshop van as the payments are made via mobile EFTPOS on their arrival. The service has been expanded rapidly with plans to cover the for 140 suburbs in Sydney (Collier and Evans, 2010). In July of 1998, the Woolworths and Commonwealth Bank pronounced the alliance purposed at offering the range of co-branded financial services to personal customers. Immediately after the Woolworths had announced it, contracted with the Dan Murphy Cellars liquor business (in Victoria) with five other retail outlets in metropolitan Melbourne. It had been the intention of Woolworths to sustain the Dan Murphy business as the autonomous expand and operation nationwide in the new brand-name concept (Peter Schulz, 1982). Woolworths goes on to enhance its activities with novel marketplace shopping centers in construction , and more so Metro Stores being opened in New South Wales and Queensland likewise to Woolworths +Plus Petro enhancing up to 42 outlets and new distribution and warehousing centers at Minchin bury, broad meadows and New South Wales, Victoria (Karen Plunkett-Powell, 2001).