Funding Sources for Terrorist Organizations Essay

Funding Sources for Terrorist Organizations - Essay Example According to Ehrenfeld (2002), terrorist operations such as selling illegal drugs, prostitution, and donation, in most cases, takes place in countries far away from their area of operation. Therefore, funds made must be channeled to them without being detected. Funds from drugs are obtained either by directly distributing the drugs or extorting drug traffickers. Drug money can be channeled either by carriers that ship money notes together with other goods or distributing funds to various wire transfers and registering them as processing expenses incurred in the transfers. The second method of extorting funds from businesses, farms, schools, as well as, other drug traffickers, is said to be taxation fee or payment for protection and security provided to hide its true purpose. These funds are given to individuals that relay the amount collected to the organization. The third method, on donations or charity, involves making multiple deposits to a single account consistent with donations made to a private charity firm (FATF, 2015). Forth methods on money laundering, funds are channeled using mechanisms such as fabricated invoices and loans, purchase of luxurious items, company shares, estates, or investing in casinos and hotels. Finally, funds obtained through prostitution are channeled through an individual that collects from them. Some prostitutes could be victims of human trafficking. Fatf. (2015). Financing Of the Terrorist Organization Islamic State in Iraq and Levant (ISIL) FATE.  

How Have Other Peoples Readings Of Translations Helped You Essay Example for Free

How Have Other Peoples Readings Of Translations Helped You Essay How Have Other Peoples Readings Of Translations Helped You To Understand The Contexts Of The Play In Scene 1? The first act of Friels play Translations features many different contexts ranging from the infamous potato famine to hinting at the possible forming of the present day IRA (the Donnelly twins,) and politics. One of the major contexts that also coincide with the title of the play is translation. The translation of Irish name into English name. I only realised this by reading a Canadian writers essay on language and its importance in Translations. Especially in relation to Owen and his take on the Irish language. Where as many Irish people, at the time, saw the English to be taking away Irelands identity by colonizing it and changing names, language etc. Owen seems to be naà ¯Ã‚ ¿Ã‚ ½ve and miss this. By changing place names they are not only taking away identity but also something more intimate, a part of their lifestyle. Hence when the English mistake Owens name to be Roland it seems to be Manus who is more frustrated by this whereas Owen says Owen Roland- what the hell. Its only a name. Its the same me, isnt it. The importance (or un-importance, depending how you want to perceive it) of names is brought up firstly at the start of the play when Manus is teaching Sarah to speak. It is important to note that the first thing Manus teaches her to say is her name, also her identity. Owens ignorance for the colonisation is shown again when he says, my job is to translate the quaint, archaic tongue you people persist in speaking into the Kings good English. One quote from the particular essay by the Canadian writer says The Gaelic tongue is becoming obsolete in the wake of colonisation, Owen has boarded the ship of progress disassociating himself from his foundation. Similar, in a sense, is Maires view on the English language and that it should be learnt. Maires view links in with another context shown in the play and that is the focus on dead languages, such as Greek and Latin and soon to be dead, Gaelic. By researching Irish history at the time the play is set, it is easier to gather an understanding for the wanting of Maire to learn English. Dr Leon Litvacks paper on the historical and colonial context of Friels Translations illustrates this. Maires reference to Daniel OConnel, the disillusioned veteran who founded the catholic association, OConnel preached that it was necessary to learn English in order to allow Ireland to progress in a quickly modernising western world. Hence Maire wanting to learn English rather than a dead language such as Greek or Latin as this will be necessary if she is going to immigrate to the United States. One interpretation of the play is the focus on schools. Being set in an illegally run hedge school, a place where Catholics turned to for education after the penal laws were instated. The time the play is set is during a major transition period when the English are trying to get rid of hedge schools and introduce new national schools. It has been shown by statistics that half a million Irish children received illegal tuition through hedge school. This links in with the whole idea of translations, as at the new national schools, where you were forced to go to by law, the language you would be taught in would be English, no longer Gaelic. To some people This was a problem but to others like Maire, English was seen as the language of opportunity. The old language was a barrier to modern progress she quotes from the famous Daniel OConnel. There is an increasing amount of tension being built up in the first act with regards to the devastating potato famine. There is a sense of dramatic irony being shown as well. Seeing as the play is set in the 1830s this is only a short time before the potato blight occurred in 1845.this disaster caused the population of Ireland to drop from eight million down to six million. It is believed that one million people died of starvation while another million were forced to immigrate to start new lives in Canada and America etc. It is obvious to the audience that the famine will occur but the characters in the play are blind to this even though the clues are all there. This is why the audience tend to sympathise for their negligence. Even when Jimmy Jack suggests to Doalty he should plant something other than potatoes, which is the correct thing to do, he just comically shrugs off the remark, Too lazy be Jesus to wash himself and hes lecturing me on agriculture! Bridget also brings up the subject of the blight and its distinctive, ominous sweet smell, only to be aggressively dismissed by Maire. Sweet smell! Sweet smell! Every year at this time somebody comes back with stories of the sweet smell. Sweet God, Did the potatoes ever fail in Baile Beag? Well, did they ever-ever? Never! This is where the audience really begin to sympathise, as they know of the catastrophic effects that will soon occur. Although Friel has not written the play from a biased or political point of view it is still possible to find the idea of the modern day IRA being formed in this play. This becomes more noticeable as the play progresses. Although it is still possible to get an idea of this from Doaltys seemingly harmless antics with the British soldiers and his constant dodging of questions involving the Donnelly twins. Manus arent they at home? Doalty No. Manus Where are they then? Doalty How would I know? Even the stage directions in this particular section lead us to believe something suspicious is going on, Doalty begins whistling through his teeth. Suddenly the atmosphere is silent and alert. To be able to understand that this may be about the IRA, background reading about the times the play is set and when the play was written (the 1970s, a time of great trouble and political unrest in Northern Ireland.) is necessary. The 1970s were a time when tension between Northern Ireland and England was at a peak. This also was around the time of the infamous Bloody Sunday. So it is possible that Friel may have tried to incur some of this in to the play. Although Seamus Deane says Translations is a sequence of events in history which are transformed by his writing into a parable of events in the present day. The play has also been described as an enlightening metaphor for the situation in Northern Ireland. The many contexts featured in the play are extremely important as they add a framework or shell to the play allowing it to go in many directions. Although it features so many different contexts Friel is quoted to say that Translations is to do with language and only language. Therefore not historical contexts. To become more familiar with the play and its many contexts background reading and the reading of other peoples interpretations are essential. By reading theses criticisms I have become more aware at how Friel has made the play so effective by setting it in the specific era. By doing this it makes it easier for the audience to see how the recent condition of Ireland spiralled way out of control originating in the mid 1800s. It also gives greater depth to the tragedy that will eventually befall and that the audience know the tragedy is coming but not on so many levels. Overall it is essential to at least to some form of background reading in order to understand the play to a higher level.

Animal Testing Essay -- Science Argumentative Persuasive Essays

Animal Testing Over one million people have benefited from information gathered in animal testing and research. In the past, animal testing has been a touchy subject for people to talk about. Until recently, scientists did not treat animals with the utmost respect and even used such methods as vivisection, or basically operating on a live animal without any form of anesthetic, as a means of testing on animals. It is obvious why people would be against animal testing in the past, but now technology and new laws have brought us into a new era in which animal testing can be much more humane when it is used. There are currently computer programs that serve as an alternative method to animal testing. I propose that animal testing should be used when an alternative method is not available and as long as the strict regulations, laws, and rules around animal testing are upheld because millions of lives have been saved thanks to animal research. In today?s age in time, animals are treated with respect as opposed to the past, where animals were improperly caged, not given anesthetics for any given operation, and even left for dead after testing on them. Those days are long over and we have stepped into a new age where animals are given a suitable place to live, they are given anesthetics when operated on, and a veterinarian is on call twenty-four hours a day in case of an emergency. One company that uses animal tests, Huntingdon, states, ?It is our job to ensure that these tests are performed to strict scientific criteria, provide reliable results that can be reproduced, and with leading standards of animal care and welfare? (?Animal Welfare?). Huntingdon has a great standard in the way that they carry out their experiment... ... had never preformed an organ transplant on another living creature if he/she was operating on me. That is the same as sending an army out to battle whose only practice was playing a first-person-shooter on a video game system. If not for animal testing, there would have been no safe way to perform millions of the standard operations carried out today. If we use animal testing only when an alternative method is not available and when the laws, regulations, and rules around animal testing are upheld, we can reach new levels of medical technology. Works Cited Huntingdon Life Sciences: Working for a better future: Animal Welfare. 31 March 2003. . Huntingdon Life Sciences: Working for a better future: Myth. 31 March 2003. . Animal Testing Essay -- Science Argumentative Persuasive Essays Animal Testing Over one million people have benefited from information gathered in animal testing and research. In the past, animal testing has been a touchy subject for people to talk about. Until recently, scientists did not treat animals with the utmost respect and even used such methods as vivisection, or basically operating on a live animal without any form of anesthetic, as a means of testing on animals. It is obvious why people would be against animal testing in the past, but now technology and new laws have brought us into a new era in which animal testing can be much more humane when it is used. There are currently computer programs that serve as an alternative method to animal testing. I propose that animal testing should be used when an alternative method is not available and as long as the strict regulations, laws, and rules around animal testing are upheld because millions of lives have been saved thanks to animal research. In today?s age in time, animals are treated with respect as opposed to the past, where animals were improperly caged, not given anesthetics for any given operation, and even left for dead after testing on them. Those days are long over and we have stepped into a new age where animals are given a suitable place to live, they are given anesthetics when operated on, and a veterinarian is on call twenty-four hours a day in case of an emergency. One company that uses animal tests, Huntingdon, states, ?It is our job to ensure that these tests are performed to strict scientific criteria, provide reliable results that can be reproduced, and with leading standards of animal care and welfare? (?Animal Welfare?). Huntingdon has a great standard in the way that they carry out their experiment... ... had never preformed an organ transplant on another living creature if he/she was operating on me. That is the same as sending an army out to battle whose only practice was playing a first-person-shooter on a video game system. If not for animal testing, there would have been no safe way to perform millions of the standard operations carried out today. If we use animal testing only when an alternative method is not available and when the laws, regulations, and rules around animal testing are upheld, we can reach new levels of medical technology. Works Cited Huntingdon Life Sciences: Working for a better future: Animal Welfare. 31 March 2003. . Huntingdon Life Sciences: Working for a better future: Myth. 31 March 2003. .

The Psychology of Robert Frost’s Nature Poetry Essay examples -- Rober

The Psychology of Robert Frost’s Nature Poetry Robert Frost’s nature poetry occupies a significant place in the poetic arts; however, it is likely Frost’s use of nature is the most misunderstood aspect of his poetry. While nature is always present in Frost’s writing, it is primarily used in a â€Å"pastoral sense† (Lynen 1). This makes sense as Frost did consider himself to be a shepherd. Frost uses nature as an image that he wants us to see or a metaphor that he wants us to relate to on a psychological level. To say that Frost is a nature poet is inaccurate. His poetry is in the main psychologically oriented with emphasis on specific recurring themes, which include, but are not limited to, loneliness, retreat, spirituality, darkness, and death. Frost said himself repeatedly, â€Å"I am not a nature poet. There is almost always a person in my poems† (quoted in Thompson). This may be hard for some to grasp, as Frost is world renowned for his alleged nature theme. Contrary to popular opinion, nature is not Frost’s central theme in his poetry; it is the contrast between man and nature as well as the conflicts that arise between the two entities. Frost’s nature poetry interconnects the world of the natural and the world of human beings – Both key elements of his motivation in writing poetry. The harsh reality of nature and the thoughtless expectations in the minds of man scarcely cohere to one another. Frost usually starts with an observation in nature, contemplates it and then connects it to some psychological concern (quoted in Thompson). According to Thompson, â€Å"His poetic impulse starts with some psychological concern and finds its way to a material embodiment which usually includes a natural scene† (quoted in Thompson). According to John F. Lynen, â€Å"Frost sees in nature a symbol of man’s relation to the world. Though he writes about a forest or a wildflower, his real subject is humanity†¦his concept of nature†¦is a paradox and it points toward the greater paradox in man himself† (4,5). Lynen also states that â€Å"the struggle between the human imagination and the meaningless void man confronts is the subject of poem after poem† (6). On speaking of Frost’s nature poetry, Gerber says, â€Å"with equanimity Frost investigates the basic themes of man’s life: the individual’s relationships to himself, to his fellow man, to his world, and to his God† (117). All of these... ...adily yield its meaning to anyone (Bloom 9). From that last statement, one can recognize that indeed Robert Frost’s nature poetry is more than blooming flowers and snowy nights; obviously there is an underlying psychological meaning in most of his poems. Works Cited Bloom, Harold, ed. Modern Critical Views; Robert Frost First Edition, New York et al, Chelsea House Pub., 1986.   Ã‚  Ã‚  Ã‚  Ã‚   Marks, Herbert. â€Å"The Counter-Intelligence of Robert Frost†. Pack, Robert. â€Å"Frost’s Enigmatical Reserve: The Poet as Teacher and Preacher†. Gerber, Phillip L., Robert Frost Revised Edition, ed. Kenneth Eble, New York, Twayne Publishers, 1982. Lynen, John F., The Pastoral Art of Robert Frost New Haven, Yale University Press, 1960. Poirier, Richard and Mark Richardson eds. Robert Frost; Collected Poems, Prose, & Plays 1st Edition, New York, The Library of America, 1995. Kennedy, X.J. and Dana Gioia, eds. Literature; An Introduction to Fiction, Poetry & Drama 7th Edition, New York, et al, Longman, 1999.   Ã‚  Ã‚  Ã‚  Ã‚   Frost, Robert, â€Å"The Road Not Taken†, 910 Thompson, Carol, â€Å"Frost and Nature† Bennington, The Friends of Robert Frost, 2000 http://www.frostfriends.org/tutorial-4.html

Dissertation Chapters Essay

Our writers carefully peruse the contents of your entire dissertation in order to create the most concise yet informative summary of your work’s contents. This includes an overview of the research question, methods, results, and conclusions. The writing we produce is always clear and gives a solid and interesting, yet self-contained introduction to your dissertation that will encourage others to read it. We will also be careful to remain within the word limit of 350-600 words, while always aiming to optimize the impact of the work. Discussion Writing Our writers are adept at presenting clearly defined results. The proper arrangement of your results is always executed. Plus, the patterns that are present in the results are discussed and analyzed in clear language. Inferences are made regarding the data and these are continually related back to the hypothesis and research questions to maintain the cohesion of the whole work. Depending on your wishes, we are also able to include the works limitations and directions for future research. Review/Editing Admission Essays Our writers have had several years of experience with admission essays and know precisely how to modify yours in order to make it of top quality. For essay editing, we fine-tune your essay by removing grammatical, spelling and punctuation errors. For essay review, we offer you all our essay editing services, plus we also work hard to improve the style of your essay. This means that we improve your diction, syntax, and other stylistic problems. Plus we also offer feedback, which will give you directions on how to expand certain sections of your essay by offering more information in a given area. We will go the extra mile to make your essay one that will be noticed by the any admissions committee, and we work with you one-on-one to make that happen.

Buffalo soldiers essays

Buffalo soldiers essays In the years immediately following the Civil War, thousands of former slaves moved westward, hoping to find new opportunities for employment. Among the opportunities open to young black men was serving with the United States Army. In 1866, the United States Congress authorized the creation of six regular Army regiments to be staffed entirely by black soldiers. By 1869, these regiments were decreased by two. Black men were given the choice of enlisting with the Ninth or Tenth Cavalry or the Twenty-fourth or Twenty-fifth Infantry. It is these regiments that would eventually be dubbed the Buffalo Soldiers (Katz 1996). The term Buffalo Soldiers was bestowed by the Plains Indians, who were the soldiers' enemies. Despite their enmity, however, the name reveals the respect many Native Americans accorded to the black soldiers. The Indians had high regard for the courage and valor shown by the black men in combat. This paper argues that the Buffalo Soldiers played a crucial, though often overlooked role in the history of westward expansion. By protecting settlers, the Buffalo Soldiers paved the way for the settlement of the west and the creation of the United States. By showing courage on the battlefield, the Buffalo Soldiers also challenged prevailing misconceptions about black people. In doing so, they contributed to the establishment of multicultural societies in the West and by extension, in the rest of the The Buffalo Soldiers initially came into being because during the late 19th century, the United States Military supported segregation. Black freemen thus could not serve along with the white soldiers. Thus, the Buffalo Soldiers were tasked with building forts which were often reserved only for white soldiers. In Forth Concho, the Buffalo Soldiers were housed in separate rooms. However, historians like Stanford L. Davis (1999) argue that the realitie...

Physical Fitness Essays - Physical Exercise, Physical Fitness

Physical Fitness Essays - Physical Exercise, Physical Fitness Physical Fitness My report is on what it takes to become physically fit. Physical fitness is the ability of the human body to function with vigor and alertness, without undue fatigue, and with ample energy to engage in leisure activities, and to meet physical stresses. Muscular strength and endurance, cardiorespiratory integrity, and general alertness are the overt signs of physical fitness. Physical fitness is usually measured in relation to functional expectations-that is, typically, by periodic tests measuring strength, endurance, agility, coordination, and flexibility. In addition, stress testing, which ascertains the body's accommodation to powerful, sustained physical stimuli, is used to analyze fitness. If individuals are able to accommodate to the stressors, they are assumed to be fit. The level of physical fitness can be influenced by regular, systematic exercise. Moderate activity will maintain the individual at a level that is usually adequate to handle ordinary stress. If the fitness level is to be improved, however, it is necessary to participate in more intensive exercise that overloads the physiological systems and thus promotes change. Exercises that demand total body involvement improve and maintain fitness most effectively-for example, jogging, running, swimming, vigorous dancing, cycling, and brisk walking. Organized games and sports that have long rest periods within the play design have only minimal influence on fitness. Programs especially planned to help individuals attain fitness are offered in numerous places: schools and gymnasiums, private clubs and studios, and special, professionally organized clinics that are attentive to problems of cardiac and pulmonary function. The individual must be careful in choosing an exercise program and should ensure it is staffed by experts in physical education or medicine. Normal, healthy individuals may plan their own exercise programs. The general rule is to exercise only until discomfort is experienced-that is, until breathing becomes labored, circulation seems inadequate, or fatigue influences performance. People with health problems caused by heart attacks, strokes, and illness should see a physician before devising an exercise program. Proper nutrition is important to physical fitness, because energy expenditure depends on nutrition. If diet is inadequate, the fitness level will drop. Overweight, underweight, and weak individuals will have below average fitness levels. In the United States, the President's Council on Physical Fitness and Sports, established in 1956, is the national fitness advocate. In addition, the American Alliance for Health, Physical Education, Recreation and Dance sponsors programs, publications, and tests to help people better understand their fitness needs. Generally, longer periods of exercise can reduce the risk of heart disease for the individual. Yet many individuals and organizations promote fitness through extreme means. Such programs should be approached with skepticism and caution. The attainment and maintenance of physical fitness, coupled with nutritious diet and reasonable rest patterns, require dedication to a long-term, systematic investment in an active life. Bibliography N/A

The Taming Of The Shrew Notes Essay examples

The Taming Of The Shrew Notes Essay examples The Taming Of The Shrew Notes Essay examples The Taming of the Shrew Lecture Notes I. Introduction a. The Taming of the Shrew is one of Shakespeare’s earliest plays- written around the late 1580s or early 1590s b. Shrew is known for having amusingly combative protagonists engaged in a never-ending battle of wits. II. Type of Play a. Shrew is a comedy that satirizes courtship and __marriage, often through force. b. farce - a type of comedy that uses unlikely and exaggerated situations, disguised and mistaken identities, verbal- often vulgar- humor, and a _fast-paced plot. c. Today, many movies and TV situation comedies are farce. Cartoons and short films, such as the Three Stooges, use slapstick, a kind of action where there is a lot of violence, but no one actually gets hurt. d. YOUR TURN: What farcical films, sitcoms, or cartoons can you identify? What kind of comedy is found in them? III. Language a. puns- play on the multiples meaning of a word OR words that sound alike but have different meanings b. Verse i. tradition: Since the beginning of theatre, plays had been written in verse. ii. memorization: Verse is easier to memorize than ___prose because of the _rhythm. iii. Blank Verse- unrhymed lines of iambic pentameter 1. iambic = an unstressed followed by a stressed syllable 2. pentameter = 10 beats per line iv. Rhymed Verse or couplets 1. About 5.8% of the play is in rhymed verse c. prose - language with no rhythm or meter i. Form of language used by the common people in Shakespearean drama- simple language indicates a simple character or simple subject matter ii. Less than 22% of the play is in prose. d. YOUR TURN: Do you think language still reveals a person’s class or social status in the way it did in Shakespeare’s day? Explain your answer. IV. Plot Structure a. The action begins with the establishment of the status quo that is flawed in some way. i. Status quo b. A stranger enters who will challenge the status quo. The arrival of the stranger is the inciting incident. c. The complications act as the _rising action, including a variety of __deceptions, disguises, and errors in identification. d. The climax is the moment at which the nature of the resolution is revealed. e. The resolution is the establishment of a new and

The likely implications of a large country engaging in loose monetary Essay

The likely implications of a large country engaging in loose monetary policy for exchange rates - Essay Example The central banks of the economies play a pivotal role in the economic systems for prescribing the monetary policies in the respective nations. The fiscal authorities are in turn checked by the governments of different nations (Gerlach and Wensheng, 2004). In order to efficiently trade in the global economies, the countries in the modern economies use the purchasing power parity conditions to analyze the relative worth of different currencies in an economy. Exchange rate is the modern jargon used by the contemporary economies to judge the terms of trade conditions of nation. This essay will show how the monetary authorities of large economies in the modern world have liberalized or loosened their economies in order to adjust their exchange rates according to the market and sustain a favourable value of their terms of trade in the long run (Keohane, 2013). Situation Analysis Exchange Rate Issues Exchange rates are the rate that defines the value of the currency of a country in terms o f the value of the currency of another country. Exchange rates are either measured in nominal or are measured in real terms. In real terms, it is the ratio of the aggregate price level in the foreign economy to the value of the aggregate price level in the home currency. ... On the other hand, the goods and services available in the foreign markets tend to become expensive to the country. In such situations, the exports of the country become cheaper in terms of value than the imports. The country would demand for less foreign exchange (lesser imports) and possesses an excess supply of the foreign exchange (higher exports). This would thus induce the price of the value of the exchange rate (supply > demand) in the market to fall. A fall in the exchange rate would actually imply the fall in the value of currency of a nation in terms of the currency of another country. Thus in the modern world, monetary authorities constantly try to manipulate and keep the exchange rates suitable to the economic environment of the respective nations (GBM, 2013). Macroeconomic Imbalances The countries in the contemporary world are found to have macroeconomic imbalance conditions. The causes behind the imbalances have been associated with both the internal and external affair s of economies. In some nations like Netherlands, the economy is facing high surplus in the current account but the household debt of the country is increasing at a rapid rate. Moreover, the property bubble (rise in the real estate prices) in the economies of Spain, U.S., Ireland etc have resulted in the heightening of the level of government debt and crisis in the economy. Since 2009, the global financial crisis in the economies of the western world has created a trickledown effect in the less developed economies in the world like India, Brazil etc. As after the emergence of globalization and liberalization, economies in the contemporary world have become entangled with each other. Thus, the macroeconomic imbalances in the form of

Will The Middle Class survive in the United States Term Paper

Will The Middle Class survive in the United States - Term Paper Example Alternatively, a counterargument is presented to the effect that the middle class does not exist. The most important rhetoric of the modern society is perhaps based on the financial integrity and performance and the interplay with benefits and liabilities presented to individuals’ financial abilities. While social stratification may not be a welcome idea in the modern society, economic potential unfortunately creates an imprint of social classes dependent primarily on the economic status of individuals. Among the five presumed socioeconomic classes is the middle class which can be defined as the class comprising of between one-third to a fifth of employees in an economy and has white-collar employees, junior managers, small and middle entrepreneurs. In the apparent social stratification and classification, there are two lower classes ranking below the middle class and two classes higher in ranking than the middle class. From the table above, Weston (2011) tries to illustrate the definition of the various socioeconomic classes based on the range of earnings that they make and the position of the middle class has been highlighted in bold. Below and above this class, there are two socioeconomic classes with a possibility to move up and down the classes being dependent on the performance on earnings and individuals’ financial status. Depending on the general performance of the national economy, the distribution of the classes across the population may depict certain patterns. As an illustration, in the developed economies, the population in the advanced classes is higher than in the lower classes, which is the exact opposite in developing economies. Equally, the possibility of movement up and down the classes is reminiscent of the prevailing economic environment. It therefore implies that the middle class is composed or relatively better

Determinants of an Exchange Rate Essay Example | Topics and Well Written Essays - 2000 words

Determinants of an Exchange Rate - Essay Example The exchange rates between countries are also essential in determining the balance of payments. According to Levich (2001) there is no general theory of exchange rate determination. Various economists apply different theories to come up with the short-run and long-run determinants of exchange rates. However, most of them agree that exchange rates are determined by parity conditions such as inflation, interest rates, and purchasing power. They are also determined by terms of trade, government expenditure and political risks (Dwivedi, 2010). The aim of this paper is to evaluate the main determinants of exchange rate behaviour in the short-run and long-run and explain why exchange rates tend to be volatile and notoriously hard to predict. To better understand the exchange rates, the paper will first discuss the foreign exchange market and then it will look at the exchange rate regimes. It will then discuss the exchange rate determination in foreign exchange market using combination of b alance of payment and asset approach to determination of exchange rate. The IS-LM model developed by Hicks will be used to analyse the changes in the product and money market which have a bearing on exchange rates through balance of payments. This is a market where currencies are traded or domestic currency is exchanged for foreign currency. The market is assumed to be efficient in that the price of the currency in the market is determined by forces of demand and supply (Carbaugh, 2011). The financial market like goods.

Spirituality in Nursing Essay Example | Topics and Well Written Essays - 1000 words

Spirituality in Nursing - Essay Example The possibility of death makes a person fearful and his inclination towards spirituality grows to a great extent. Hence, spirituality plays an essential role in life of a person who is undergoing medical treatment. It has been found that the rate of recovery and attitude towards treatment is strongly affected by the spiritual and religious beliefs of a person. According to Baukhardt and Jacobson, spirituality provides meaning and inner strength to a person. Also, the introduction of the concept of alternative Eastern medicine and therapies to the Western people have changed the whole paradigm of medical treatment. People have started believing in the power of Eastern therapies and spiritual practices to heal their diseases and suffering. Moreover, it has been proved by the researches that spiritual and religious people respond more positively to medical treatment and show better outcome. The positive relation between spirituality and medical recovery has made it essential to include spirituality and religion as a part of treatment. Hence, it is essential for the nurses to understand and fulfill the spiritual needs of the client, as it not only helps in gaining the trust of the clients and building a healthy relationship with them, but also helps in curing the diseases completely, as spirituality is known to have the potential to heal the emotional and psychological problems, which are the root cause of the diseases. Definition Defining spirituality is not an easy thing as it encompasses different views, experiences and beliefs that are held sacred by different religions, cultures and traditions. According to Vink (2003), spirituality can be defined as â€Å"that aspect of every human being, rooted in our unique createdness that is on a sacred journey of completeness, sometimes seeking to connect with and trust in the divine being† (Shives, 2008, p.34). The definition shows that the need of spirituality arises from the emptiness that people feel inside th eir heart despite of having everything in their life. Moreover, this emptiness and powerlessness is felt more strongly when a person is suffering from physical or mental disease. Spiritual practices help people to feel connected with God and remove the feeling of emptiness. Hence, human elements like â€Å"love, compassion, caring, transcendence, relationship with God, and the connection of mind, boy and spirit† are used to define spirituality in the nursing literature (O’Brien, 2011, p.6). Different theories of nursing have aimed at helping the nursing professionals to assimilate spirituality in their care of the clients. However, the nursing theory that comes close to including all the spiritual aspects of caring into nursing practice is the â€Å"Theory of Human/Transpersonal Caring† by Jean Watson. Theory Of Human/ Transpersonal Care Jean Watson (1985), in her theory of nursing and spirituality, has given immense stress on importance of spirituality in the p rocess of nursing and care of a patient (Daniels, 2004, p. 1502). According o Watson, human being’s essential part is his soul and hence, if a person suffering from illness is to be healed, then connecting to a person on a level of soul is extremely important for a nurse (Daniels, 2004, p. 1502). Watson says that soul being the essence of human spirit, it provides human being with inner strength and helps him to

Unit 1 Seminar Human Services and policies Research Paper

Unit 1 Seminar Human Services and policies - Research Paper Example It also uses evidences pulled from different social discipline fields such as economics, history and even sociology (Titmuss, 1974). This enhances their profession and gives them a foundation of participating in formulation of government regulations. Thus, govern the living conditions of human beings as well as their behavior. Social policies deal with a number of concepts that directly affect the human services. One of the major issues is social security. Security is a priority because it determines their co-existence with one another, their entrepreneurship and even their choice on where to live. Another significant issue is education. The government regulates this social amenity through its laws as well as its budget(DiNitto, 2011).Other issues include the health, housing, wages, and social behavior such as marriage that surround the people’s day-to-day’s life(Spicker, n.d). All these issues will be reflected in the development of any particular region. In conclusion, social policy is a very important field that requires proper understanding and implementation. This is because it has a direct influence on the people’s wellbeing as well as their behavior towards one

Spirituality in Nursing Essay Example | Topics and Well Written Essays - 1000 words

Spirituality in Nursing - Essay Example The possibility of death makes a person fearful and his inclination towards spirituality grows to a great extent. Hence, spirituality plays an essential role in life of a person who is undergoing medical treatment. It has been found that the rate of recovery and attitude towards treatment is strongly affected by the spiritual and religious beliefs of a person. According to Baukhardt and Jacobson, spirituality provides meaning and inner strength to a person. Also, the introduction of the concept of alternative Eastern medicine and therapies to the Western people have changed the whole paradigm of medical treatment. People have started believing in the power of Eastern therapies and spiritual practices to heal their diseases and suffering. Moreover, it has been proved by the researches that spiritual and religious people respond more positively to medical treatment and show better outcome. The positive relation between spirituality and medical recovery has made it essential to include spirituality and religion as a part of treatment. Hence, it is essential for the nurses to understand and fulfill the spiritual needs of the client, as it not only helps in gaining the trust of the clients and building a healthy relationship with them, but also helps in curing the diseases completely, as spirituality is known to have the potential to heal the emotional and psychological problems, which are the root cause of the diseases. Definition Defining spirituality is not an easy thing as it encompasses different views, experiences and beliefs that are held sacred by different religions, cultures and traditions. According to Vink (2003), spirituality can be defined as â€Å"that aspect of every human being, rooted in our unique createdness that is on a sacred journey of completeness, sometimes seeking to connect with and trust in the divine being† (Shives, 2008, p.34). The definition shows that the need of spirituality arises from the emptiness that people feel inside th eir heart despite of having everything in their life. Moreover, this emptiness and powerlessness is felt more strongly when a person is suffering from physical or mental disease. Spiritual practices help people to feel connected with God and remove the feeling of emptiness. Hence, human elements like â€Å"love, compassion, caring, transcendence, relationship with God, and the connection of mind, boy and spirit† are used to define spirituality in the nursing literature (O’Brien, 2011, p.6). Different theories of nursing have aimed at helping the nursing professionals to assimilate spirituality in their care of the clients. However, the nursing theory that comes close to including all the spiritual aspects of caring into nursing practice is the â€Å"Theory of Human/Transpersonal Caring† by Jean Watson. Theory Of Human/ Transpersonal Care Jean Watson (1985), in her theory of nursing and spirituality, has given immense stress on importance of spirituality in the p rocess of nursing and care of a patient (Daniels, 2004, p. 1502). According o Watson, human being’s essential part is his soul and hence, if a person suffering from illness is to be healed, then connecting to a person on a level of soul is extremely important for a nurse (Daniels, 2004, p. 1502). Watson says that soul being the essence of human spirit, it provides human being with inner strength and helps him to

High School English Experience Essay Example | Topics and Well Written Essays - 750 words

High School English Experience - Essay Example Being a member of the Middle East region, I personally have experienced the difficulties the non-English speaking communities undergo predominantly while living in an English speaking country as well as while rendering one’s services at a multinational organization. Being the citizen of one of the Arab states, I did not have English speaking background altogether; consequently, having least knowledge about this international language was certainly a natural phenomenon. While recalling my school years to my mind, it becomes evident that a large majority of my school-mates had been undergoing the same problem of having almost no knowledge or information about English language. Somehow, it was my elder sister that not only provided me with information about this foreign language, but also laid stress upon learning the same. I had obtained an opportunity of seeking the knowledge of English from my intermediate years. Our dedicated professor at college increased the passion of gett ing acquainted with the basics of English in his students. However, his immediate departure and replacement with a non-serious and demanding instructor lessened my passion for learning English to a great extent, and feelings of not getting able to learn English started haunting my thoughts subsequently. Though the hopes of embarking upon the process of learning English appeared to be losing ground, when I got a job at a multinational company, where speaking in English was the only source of communication partly because of the very reality that the employees at the company belonged to divergent nationalities and regions of the globe working under the same environment. Though English was not the primary language of all co-workers; nonetheless, almost all people could convey their message by speaking some words and phrases of English language. As a result, the idea of having command of the language made its certain place in my mind subsequently in order to make sure headway on the way to making achievements in professional life and career. In the meantime, I proceeded to the USA for higher education, and emphasized upon paying due heed in the learning of language. I had got admission at Ashland University, where the supervision of sincere and devoted teachers during my under graduation years turned out to be extremely supportive in respect of obtaining understanding of the language in a skillful and proficient manner, though I experienced serious challenges on the way to obtaining command over the subject actually. As a result, I developed great taste for English language and literature. Actually in Arabic language, there is no helping verb, and the structure of sentences is quite different one in comparison with English. The concept of definite and indefinite articles i.e. a, an and the, as well as appearance of subject in the beginning of sentences are also quite different ones in my primary language i.e. Arabic. Somehow, developing taste for the great literary giants including Shakespeare, Milton, Pope, Coleridge, Keats, Jane Austen and Emily Bronte etc wide opened new horizons of knowledge before my eyes, and I was determined to elect English 100 as an optional subject in my four year graduate program.  

Gender Representation Essay Example for Free

Gender Representation Essay How stereotypical are the representations of Gender in my chosen texts? My chosen texts are The Inbetweeners , X Factor and BBC News. All three texts represent gender in different ways yet I wouldnt say that any of them truly represent both genders in stereotypical ways. In The Inbetweeners the main characters are portrayed in a very stereotypical way at first glance, they are boystrous and objectify women in the crude way in which they speak about them. Yet when you look deeper into their characters you realise that they are not typical at all. The females in the show are typical in a sense that they are pretty, well dressed and are purely there for the male gaze. It is this male gaze that ultimately makes them more powerful than the males in the series as they have the power to either sleep with, or not sleep with the males which takes all control away from the men which is not a typical trait. When you think of a typical male in tv they are strong, handsome and in control, this is not always evident in The Inbetweeners which supports the masculinity in crisis theory which states that males are no longer the dominant sex in modern society. Women may be objectified still but they use their sex appeal to there advantage and get their own way leaving the males powerless. You do how ever have the very typical character of Jays dad which is a hyperbolic example of a male as he passes gas, swears and acts in a completely innaproriate way for the comedic value. The X Factor has a very contrasting representation of gender. In one way the male characters are very stereotypical as they have the power to say yes or no to the acts as judges. Males are stereotypically known for being in a position of power so this is a typical representation. Yet you have Dermot Oleary who is very masculine in his appearance yet is very caring and sympathetic for the contestants. This is not typical as males arent usually shown to have a caring side or emotions as that is left for the women. This again supports the theory of masculinity in crisis. The Female Judges do not have a very typical representation. They are in a position of authority and power and to an extent in the new series do have more power than the male judges as they are more forceful and get their point across better. This is not typically the way women are represented fitting into the theory of Masculinity in crisis. The BBC news is very much like the X Factor. When the males are the anchors they are in a position of power and knowledge which is a typical representation. They appear to the nation as a pillar of knowledge and the public give them a vast amount of respect which is typical of the representation of men. When the women are anchors they too are looked upon as a pillar of knowledge and are given the same respect which does not fit into the typical representation of a female.

Person Centred Approaches to Geriatric Care

Person Centred Approaches to Geriatric Care INTRODUCTION In planning a care approach to your patient or client, there are a lot of factors that you should put in to consideration. You should be aware of your client’s history to begin with. The history of your client is very important because from it you will gain a lot of information about your client which in turn will help you a lot on how your care plan will be. You can gather this information by personally talking or interacting with the client or by reviewing his documents if the client is not as oriented with himself. The clients history is only one of the many principles that you will put in to consideration, these principles will be discussed in this report. Other than the principles, the reporter will also be discussing some of the techniques on how to meet your clients’ needs. This report is to give a comparison between person-centered and non-person-centered approach in giving care to people with dementia and other common geriatric health condition, to assess the scope of techniques to meet the fluctuating abilities and needs of clients, to determine the impact of equality, and cultural and diversity issues on the provision of the person-centered approach to the clients, and to analyse the effects of legislation and policy on the person-centered practice approach for patients with dementia and other common geriatric health conditions. The report is descriptive in nature. The data were analysed and interpreted. Question 1 Discuss and review the principles used in Person-Centered approach in taking care of patients with Dementia and other geriatric health conditions. Individuality – In this principle, the caregiver should focus on the client’s history, interests, hobbies, and work. This can be gathered from the client or from the client’s family. Each client is unique from each other that is why this principle is very important. With the use of this principle, it will be easier for the caregiver to connect with the client and the caregiver will be aware of the things that he would avoid since they know what the client dislikes or has no interest with. Rights – In this principle, the caregiver should always put in mind that the client is a human being. He should never forget that the client has rights and should always be respected regardless of the degree of his illness or his cognitive impairment. Choice – The main point of this principle is to give the client a voice and an option to choose from. It is important for the client to have a â€Å"say† on his care plan. Even as simple as his meals, it would be a great help if the client is involved and could be given choices for him to choose. This principle is also very vital in matters or procedures that involves the life of the client. There should be a consent that the client has agreed on or if not capable there should be a court order or any procedures to be undertaken by the client. Privacy – This is the main principle behind the â€Å"Patient to Doctor Confidentiality† rule. This goes to all health worker that is involve in the care of the patient. Only with the patients consent can his case or data be disclosed to other party outside his care. Independence – This is very vital for patients with dementia. Independence gives them self-worth and somehow makes their brain do more critical thinking which in turn battles their illness. Being the caregiver, you will need to determine in what way the patient can be independent. This will help them surpass their daily challenges. Dignity – This principle is about the totality of the patient. To make the client feel dignified, he must be full-filled on all aspects of his being. To achieve this, holistic care should be provided to the client. Respect – Same as with the principle â€Å"Rights†, we need to keep in mind that we are caring for a human being, and these patients are elderly as well. Same as with how we treat other people, we should never forget to be respectful, this is not just a principle in care but should be practiced in life as well. Autonomy – If possible, each care plan for different patients should be unique. It should be tailored to the patient’s needs. The patient should be involve in making a care plan for them. In this way they can be autonomous. Question 2 Critically review the non-person-centered approach to dementia and other common geriatric health condition’s care, from the Institution perspective – This type of care is based on the establishment’s policy. The patient’s physical, social and spiritual needs are under this care, but to include all the other aspects of care like the diet, total well-being and personal care, legal actions may be required. This type of care varies between different institutions. Bio-medical perspective – This perspective of care is mainly focused on the illness itself. The treatment, medications and the diagnosis is based on the disease, there is not much about the patient that is involved in this perspective of care. Question 3 Discuss and evaluate Five techniques to meet the abilities and needs of persons with dementia and other common geriatric health conditions. Reality-orientation approach – In this approach of care, the staff and the client are doing activities that reinforces what is real around the client. The patient is being oriented with his surroundings at the same time he is familiarizing what is around him. This is very important for clients with dementia since memory is the one that is being affected by this disease mainly. The staff will be using a lot of memory aids and signs in their activity together with the client. Validation approach – In this technique, the staff is mainly a listener and the one that is doing the intervention. The staff will be focusing on what the client will be saying and is going to interpret its emotional content and literally understanding it. A lot of information can be gathered by this technique because some demented patient are answering questions in a sub-conscious manner. Assistive technologies – In this approach the staff will be using assistive technologies in the care of the patient. This devices helps the client in their activities of daily living, it will make their tasks easier and also the job of the caregivers. This devices lets the clients explore their surrounding more, it adds to their self-confidence, gives them hope and increases their self-esteem. Some examples of this devices are hoists, wheelchairs and walkers. Reminiscence techniques This technique uses the life events of the client. By letting the client reminisce on his past, he is developing his memory. It supports their identity and lessens their disorientation about their personality and history. Caregivers uses this technique because it helps their clients with dementia to keep what is retained in their memory. It is important for the caregiver to ask open ended questions in this technique so that the client can share more about their life story and let them reflect on their lives. Holistic approach – In this approach, the caregiver should focus on the totality of the client. This includes the client’s spiritual, intellectual, physical, and emotional dimension. This technique provides integrated therapies that combines all of the dimensions to develop wellness from the inside of the client in an uninterrupted healing environment. Question 4 Critically analyse and discuss the impact of equality, and cultural and diversity issues on the provision of the person-centered approach to individuals with dementia and the other common geriatric conditions within Public health and health promotion – These are organizations and programs by these organizations or the government that helps the elderly. These groups are working together with the government in their cause. Most of them are also being funded by the government. They do programs like education campaigns about geriatric health conditions, they do advocacy work, they help spread awareness and have services that are focused on the elderly and their diseases. In health promotion, there are 6 activities for the aged citizens with dementia (National Service Framework, Department of Health, 2001) Reducing the discrimination of aged people Care that is person centered should be developed more Minimizing the cases of strokes Minimizing falls from happening to the clients Enhancing mental health Promoting healthy and active lifestyle for the aged Attitudes to health and demand for the healthcare – As a healthcare provider we should be conscious on how we act towards our client. We should be cautious on our behavior and be mindful that we take in to factor our clients’ ethnic and diversity. We should focus our care plan on their illness at the same time taking in to consideration that most of our client are not of the same ethnicity as us. If possible, the caregiver should do a brief study about their clients’ culture so that as a health care provider, we can avoid what is offensive for our client. Having a healthy relationship with your client helps both party, as a caregiver, having a healthy relationship with your client is a priority because this will lead to a mutual understanding that gives your client peace of mind and helps eases their difficulties. New Zealand is a very diverse nation that is comprised of multiple cultures. At the same time, its population is aging at a high rate, that is why there is a great demand for health care workers like caregivers that will take care of their elderly. To be trained to provide care for people of any culture is a vital qualification to get in to their healthcare roster. Question 5 Critically analyse and discuss the impacts that health sector standards and codes of practice, and other published standards have on the person-centered practice approach for individuals with dementia and other common geriatric health conditions. The health sector standards and codes has a great impact on the healthcare sector mainly because it is the governing body that regulates on how the aged patient should be taken care of. All of the hospitals, care homes, and all those organizations and service provisions is under this standards and codes. All of the policies of these organizations is based on the standards and codes that is approved by the Ministry of Health. The care that will be administered to the patients with dementia maybe unique and tailored specifically to a specific individual, but we must not forget that this care plan should not go away with the standards and codes of the health sector. RECOMMENDATION In taking care of an elderly client, there are a lot of factors to consider. For the caregiver to generate an effective care plan, he must be informed about the principle involved in doing a person-centered approach. With this knowledge, the caregiver can generate an effective care plan. Also, to be aware of what his care plan’s approach is, the caregiver should know the different approaches there are that are being used for geriatric patients with dementia and other common geriatric health conditions. CONCLUSION As a member of the health care sector, upon making this report, I have reached to the conclusion that knowing the different principle involved in the person-centered approach in taking care of a patient with dementia and other geriatric health conditions plays a vital role in formulating a care plan. Knowing all this principles ca make your care plan complete on all aspects of care. This principles benefits the client most since this is in a person-centered approach. In a non-person-centered approach, it is important to know their perspective as well, since the health care professional and the client is under the policy of the institution that they are in. In this manner, the caregiver can put in to consideration the institutions’ policy so that there won’t be any conflict between them. The caregiver is aware that the institution where he is working is under the standards and codes of the health sector, therefore he should keep in mind that the policies of that institution is being regulated and controlled and is up to standards. BIBLIOGRAPHY Electronic Sources Holistic Care Approach. Our History. Retrieved on August 7, 2014 from http://www.holisticcareapproach.com/about.html 1

Meetings :: essays research papers

Tips for Making Meetings Effective Throughout a project-oriented deployment, you will be required to conduct numerous meetings with your customer. If you plan them properly, you will be able to steer the project in the right direction. It also gives you the ability to gather all the key players in one room, put them on the same page, work through any issues that might have arisen and make any decisions that need to be made. When I first started running my own projects, I was given some great tips on what makes an effective meeting and felt that it might be helpful if I pass them on. Set Objectives – The art of setting objectives is something you will get better at with experience. You will want to give the attendees as much information as possible on why you have called the meeting and what you expect to accomplish. You will also want to set a clear timeline. Establish an agenda and distribute in advance – Send your attendees an agenda and a copy of the documentation you will be presenting to them. This gives them the opportunity to become prepared for the meeting and the opportunity to truly participate. Your results will fall short of your objectives if you give a customer a fifty page document and then turn around and ask if he or she has any questions. Send it out a few days in advance and let them know that you are willing to answer any questions they may have. Ask the attendees if they have talking points for the agenda and have them email those thoughts back to you before the meeting so you too will be better prepared. People love to participate. This shows them you are interested in what they have to say and also shows them that you like to be prepared in advance so as to not waste anyone’s time. Start and end the meeting on time (Don’t allow interruptions or sidetracking from the meetings agenda) – It is important for you to utilize your time as efficiently as possible. It is a good ideal to set tentative times for each item and then stick to them. You do this by the art of â€Å"on table / off table†. If you find the meeting getting off subject, you will want to take the subject â€Å"off table†. Then when you are documenting and assigning the next steps you will be able to schedule time for those questions / comments, if they are truly important.

Love :: essays research papers

Love Upon examination of the vast amounts of theories on love I can only find myself in a more convoluted state. Love is in fact a great mystery to me, and I have only achieved frustration in trying to explicate it. In Scott Peck's book The Roadless Traveled there are a conglomerate of avenues that are explored within the topic of love. It is here that some insight is expressed to me about this perplexing subject. Although I do feel that actual life experiences that I have been involved in recently have attributed to a better understanding of this love phenomena, some of the ideas that are expressed in this book were of tremendous merit. I find it almost prophetic that this assignment happens to fall into the same time frame as when I am at a point of heightened curiosity on this subject of Love. Why at this very moment I find myself questioning my current status with a newfound relationship. I can't help but to assume that I have found "Genuine Love" because of an overwhelming feeling of vivacious content upon finding a seemingly perfect union. Peck's views on love in this respect differ from what my thoughts have conjured up as such. And I can only infer that the words of a reputable author and doctor are more legitimate than mine. It is here that I must stop to apologize to you, Louis, for making this part of the paper far too personal than necessary. "Falling in Love" is a common myth in this society. The actual act of falling in love, according to Peck, is a misconception. There is a differentiation to be made between what is termed "falling in love" and the act of real loving. Peck describes exactly what it is that we experience when We think we have fallen in love. Much of what Peck describes as falling in love has to do with what he calls "ego boundaries". These ego boundaries are established during infancy and continue to develop throughout the person's life. These boundaries represent an individual's limits with their mental and physical power, as they are perceived by the individual. With these ego boundaries many people feel confined into their own personal identity which generally creates a feeling of loneliness. A need to form a cathexis is then developed. Peck describes it thus, "The essence of the phenomenon of falling in love is a sudden collapse of a section of an individual's ego boundaries, permitting one to merge his or her identity with that of another person. The Sudden release of oneself from oneself, the explosive pouring out of oneself into the beloved, and the

Sample Memo for Company Team Building

Memo that informs: Corporate Team Building in Alberta. You are the coordinator of staff development for Imperial Oil. It has been recently announced that Imperial Oil is moving its headquarters from Toronto to Calgary. The news has been greeted positively by employees, but a few are unhappy while others already working in the Calgary office are unsure how well the amalgamation of the two offices with their different cultures will go.Recognizing the feeling of uncertainty, you decide to hold a series of corporate team-building retreats shortly after the headquarters move to Calgary. The retreat will be led by the Great Canadian Adventure Company. Employees will meet in downtown Calgary at 8:00 a. m. and buses will pick them up and take them to the Sylvan Lake area. There, they will spend the day on team-building like map-reading exercises that will require employee teams to find their way through a wooded area to a â€Å"home base† where lunch will be served.The group will retu rn to downtown to Calgary by 7:00 p. m. Your task. As the coordinator of staff development, write a memo to all employees announcing the retreat. You recognize the fact that there may be some friction between the â€Å"new† people from Toronto and the long-time Calgary employees. Draft: To: All Employees of Imperial Oil From: Coordinator of Staff Development Date: October 22, 2012Subject: Corporate Team building in Alberta This is to inform all employees about the company retreat being held by the Great Canadian Adventure Company. Employees will meet in downtown Calgary at 8:00 a. m.Buses will pick them up and take to the Sylvan Lake area.Group will return downtown Calgary at 7:00 p. m.This retreat is being held to recognized the feeling of uncertainty from the two offices after moving of headquarters to Calgary.

Is Generation Y Unemployed or Just Lazy

Is Generation Y Unemployed or Just Lazy? In recent years, Generation Y is particularly underemployed in the United States. Some people consider sluggish economy as an important reason for Generation Y unemployed. Other said the most important reason is Generation Y is extreme laziness – despite the opportunities that await them. I agree with the second point. In my opinion, Generation Y just lazy, they don’t want to spend a lot of time to work. They are making a choice to work at companies that pay less but offer them that more free time.Although they have bachelor’s degree, they prefer to work in retail jobs. This may be due to their attributes, working attitude and government compensation. The first reason that leads to Generation Y lazy can be Generation Y’s attribute. â€Å"We can learn Generation Y does assign different levels of importance and partially assigns different levels of happiness to the five motivational factors examined in this study: re sponsibilities, compensation, work environment, advancement potential, and free time.This study represents the first attempt to explore motivational factors for the Generation Y workforce within the federal government†(Barford). Depend on my research, I learned Generation Y’s responsibility is least, and free time is the most important for Generation Y. They are making a choice to work at companies that pay less but offer them that more free time. Generation Y’s attributes showed us that they have less responsibility for company and they would like get more free time. In other word, they don’t spend a lot of time to work.Second, underemployed due to Generation Y’s working attitude. We can learn the best-paid jobs with companies ranked high among Generation Y are all in science and technology, the survey shows. Google, Intel and Microsoft are all among the top five best companies for Gen Y, ranked based on average pay for Millennial working there, jo b satisfaction and flexible schedules, among other things. At the same time, it's most common for Gen Y to work for small companies of 100 employees or less†(Hadley). We can learn Generation Y prefer to flexible schedules and chose small companies.They most likely to hold low-paying jobs in retail, so that degree is not important for them. They don’t want to study in high school or university because they can find a job without degree. On the other hand, Internet is very important for Generation Y. In fact more than half of Gen Y workers â€Å"will not accept a job that bans social media. † This report demonstrates that to Gen Y, they â€Å"consider the internet to be as important as air, water, food, and shelter and will choose a lower paying job in order to be able use it – especially in lieu of doing any actual work.Because Generation Y is lazy, they are not employed in large numbers inside America’s biggest companies. This is Generation Yâ€⠄¢s working attitude that is one of reason of lazy. The government compensation effects on unemployment, which stimulate unemployment people, are lazy to seeking job. The government unemployment compensation is likely to have increased the average rate of unemployment. â€Å"Our current system of unemployment compensation has two distinct but related bad incentives. The first one for those who are employed, it reduces and eliminated the cost of increasing the period of unemployment.The second effect for more unsteady work, it raises net wage to the employee relative to the cost to the employer. â€Å"(Feldstein ;amp; Martin, p 39). According to these two effects of unemployment compensation, it stimulates the people who are lazy to seeking job. The government unemployment entitlement gives guarantee for the people who are lose job or seeking job, however, this overprotected politics cases extreme laziness to underemployment to find job. In conclusion, I agree with this point that Generation Y is just lazy. This may be due to their attributes, working attitude and government compensation.Actually, Generation Y can improve their life quality, if they are not lazy. They have ability to get good degree and find a good job. Works Cited Barford, Ian N and Hester, Defense Acquisition Research Journal: A Publication of the Defense Acquisition University; Jan/Feb2011, Vol. 18 Issue 1, p63-80, 18p, 2 Color Photographs, 5 Graphs Hadley Malcolm, Gen Y most likely to hold low-paying jobs in retail, USA Today, 07347456, AUG 22, 2012. Feldstein ;amp; Martin. Unemployment compensation: its effect on unemployment. Monthly Labor Review; Mar76, Vol. 99 Issue 3, p39, 3p.

Strategic Management of Next Plc Case Study Example | Topics and Well Written Essays - 5000 words

Strategic Management of Next Plc - Case Study Example "If only I knew then what I know now, I would have done things differently". (Halbleib, 1993, 803) public constantly makes this statement after they have implemented the incorrect corporate strategies. As we exist in era of entwining complication, acceleration, and ever changing market, making the correct decision is enormously significant for strategic planning. It is fair-haired to state that each organization and individuals have their sole set of strengths, weaknesses, opportunities, and threats. "It is extremely vital that an organization determines its strengths, weaknesses, opportunities, and threats, as well as the competitors". (Halbleib, 1993, 804) by linking the SWOT examines with the fair scorecard, an association can balance its strengths Boosts its competitions' weaknesses, and optimise its opportunities within the market. Next is a UK based vendor contribution stylish, good quality harvest in clothing, footwear, accessories and home products. The group first and foremost operates in the UK. It is headquartered in Ender by, Leicester, and employs about 39,000 people. The group recorded revenues of 3,283.8 million during the fiscal year ended January 2007, a BOOST of 5.7% over 2006. The operating profit of the group was 507.5 million during fiscal year 2007, a boost of 8.2% over 2006. The net profit was 331.5 million in fiscal year 2007, a boost of 5.7% over 2006. Next's Mission Statement Next's mission is to be the natural choice retailer in the UK for fashion aware men & women who expect style, distinction & quality from their clothing Business Description Next is primarily engaged in vending, and customer excellences management. The group operates 480 stores and has operations in the UK, the Middle East, Asia and other European countries. The group giving its services through five business separations: Next retail, Next directory, Ventura, Next sourcing and other. Other segment includes investment in associates; Choice Discount Stores Limited and Cotton Traders Holdings Limited. The Next trade separation is engaged in the vending of fairly priced clothing for men, women and children. It also sells house wares and furniture through 480 stores in the UK and Eire. This separation also has franchisee stores in Europe, Asia and the Middle East. The group currently has 129 franchise stores in the Middle East, Russia (13 stores), Turkey (5), India and Thailand. The Next directory separation markets women's wear, mens wear, children's wear, home products, accessories and jewellery through direct mail catalogues, phone and a transactional website with more than 2 million active customers. The Ventura separation provides call centre and customer support excellences to NEXT and other companies. It operates across many sectors including telecom, utilities, monetary excellences, travel, media and the public sector. Ventura employs about 10,000 people. It has a call centre in the UK and another call centre in Pine, India, which handles business on behalf of Next Directory and two other clients. The Next sourcing separation has operations in Mainland China, Hong Kong, Romania, Sri Lanka, Turkey, the UK and other locations. It is engaged in the design,

Course Project Proposal Essay Example | Topics and Well Written Essays - 750 words

Course Project Proposal - Essay Example Thailand’s private sector is therefore strong. The well-developed physical infrastructure also distinguishes it from many other Asian economies. In terms of natural resources, Thailand has â€Å"large stretches of fertile land and favorable growing conditions†¦ [that gives] Thailand a strong agrarian foundation on which it has built a complex, multifaceted economy, which is now well established in the industrial and high technology sectors† (Encyclopedia of Modern Asia, 2006). Its economy was one of East Asia’s best economic performers during 2002-2004 (as it was also in the 1960s and 1970s (countrystudies.us)) when it experienced a rapid increase in GDP to over 8%. The GDP then stabilized to between 5-6% for a few years thereafter, and then declined into the red in 2009 due to the worldwide recession. Inflation was very high last year (9.2% in July, 2008) but Thailand is currently experiencing a deflation of its economy. The rate of unemployment is low. It stood at 1.2% in September 2009. Thailand’s economy is heavily export dependent, â€Å"with exports accounting for more than two thirds of GDP† (tradingeconomics.com). This was over 70% in 2008 (state.gov). Thailand’s exports were $175.3 billion and imports were $175.1 billion in 2008. Thailand’s main export commodities are agricultural products, textiles and footwear. It is â€Å"the world’s second largest exporter of gypsum, leading supplier of rice and a major exporter of shrimp† (tradingeconomics.com). it also has strong automobile, high-technology, and electrical appliance industries that are now exporting to other countries and therefore also contributing to Thailand’s overall economic growth. Its main import commodities are capital goods. In 2009, Thailand has been consistently enjoying a positive balance of trade whereas it was fluctuating in 2008. Within Thailand itself, privatization and liberalization are helping to

Socio-Technical Systems Term Paper Example | Topics and Well Written Essays - 250 words

Socio-Technical Systems - Term Paper Example The most significant characteristic of a Socio-Technical is that â€Å"it values both effectiveness and humankind†. Such a system is important because it works in a way that can eliminate the unethical aspects of technology. It works to attain technological brilliance and an enhanced and quality work from labor force. It scrutinizes different projects thoroughly before working on them in order to cut down their negative and unscrupulous traits. Such a system works according to the modern world by taking advantage technology but on the other hand these systems also consider individual welfare. By compiling human force and technology such system builds up a ground which can develop and prosper easily if it uses its human and technological resources efficiently. Joint collaboration, communication and cooperation are major goals of a socio-technical system. Some common examples of socio-technical systems are a factory and a hospital where a variety of employees work together under different groups and teams and use technical equipment such as spinning machines or X-Ray machines etc to perform their tasks. Collaboration and agreement between the members of these groups and teams are necessary for fluid operating system.

Internship Report - Agency operator Essay Example | Topics and Well Written Essays - 1500 words

Internship Report - Agency operator - Essay Example This paper highlights the focus on a new area of UK, where there is no activity for AVIS auto rental. Further into the paper, it discusses the product design which will be useful to cater to the needs of the consumers of Oxford Street and generate revenues for the company. It then proceeds to focus on focus on the basic 4P’s of marketing – Product, Place, Promotion and Price. An effective pricing is very important in this case. There are multiple numbers of competitors that are buzzing around in UK, and have the potential to pick the same spot as a battlefield. So fixing a highly competitive and affordable price to occupy the share of minds amongst the consumers and high brand recall is very brilliant. The paper, further down the line, also focuses on ways and means to market the route and location of the service in order to make the consumers aware of its offerings. It also brings into focus the possible staffing of employees to maintain an efficient manpower base. And finally, it also discusses the operational details and aspects that are required and considered vital for the efficient delivery of the product. Contents Executive Summary 2 Market Overview 4 About the Company 4 Designing of the Product 5 Marketing Strategy 5 Product 5 Place 6 Promotion 6 ... Car Rental is a very profitable and popular business in the UK and western markets, as people with increasingly high disposable income and the ability to purchases the rental services are growing in number every year. The car rental industry is basically categorized on the basis of either location or by the type of customer availing the service (Researchandmarkets, 2010). The recent times have been a little challenging for the business of car rental in the UK. As per reports by various UK based market research agencies, the car rental industry suffered a setback during the year 2009 and the setback continued till then. The reason being is simple. Ever since the global economy went into a credit crunch, which was triggered by the collapse of the famed Lehmann Brothers, the spending on rental services worldwide took a hit. As a part of the picture, UK’s car rental agencies also suffered to some extent during that time. Around the year 2009, people all over the globe preferred to check their spending habits and preferred to save their finances instead of spending and splurging by going on holidays, tours or romantic getaways to foreign countries. This change in global consumer behavior shrank the profit margin for the car rental companies as there has been a significant decline in the amount of revenue that was being generated by providing rental services to the middle class tourists coming from various locations across the globe. Also, the recent slowdown due to the Euro crisis in the west has also brought in a significant change in customer’s preference. The customers whether organizational or private individual are looking for cost effective and flexibility in services provided (The Institute of Transport

Intro Communication Essay Example | Topics and Well Written Essays - 1750 words

Intro Communication - Essay Example There are many reasons for studying communication across cultures that include global diversity trends, domestic diversity trends and interpersonal learning opportunities. Global trends signify the importance of intercultural communication through understanding the world political, cultural and business environment, developing multiple cultural perspectives, being skillful in diverse cultural environment, adapting to living in different cultures and learning to interact with international colleagues. Apart from this, an increased number of individuals are employed in overseas assignments such as government service, humanitarian service, peace-corps service, and international education for which cross cultural communication is critical to success (Ting-Toomey 4). In domestic perspective, there are two sets of dimensions that contribute to the ways groups of people communicate intercultural. One set, the primary dimensions of diversity, refers to those human differences that are inborn and that exert an important impact on our early socialization and an ongoing impact throughout our lives, for example, ethnicity, gender, age, social class, physical abilities, and sexual orientation. The secondary dimensions of diversity, refers to conditions that can be changed more easily than the primary dimensions, including mutable differences that we acquire, discard, and modify throughout our lives, are less salient than those of the core, for example, educational level, work experience, and income (Ting-Toomey 5). Each intercultural contact can bring about identity dissonance or stress because of attributes such as an unfamiliar accent, way of speaking, way of doing things, and way of nonverbal expression. In a global workplace, people bring with them different work habits and cultural practices that present interpersonal learning opportunities (Ting-Toomey 7). Therefore,

Bing Vs. Google Essay Example for Free

Bing Vs. Google Essay Over the past couple of days, I have been using Google and Bing to search for the same various topics to see if there were any differences and ultimately define which was the best search engine for me. I found that when I was looking for information or researching, I preferred Google to Bing ultimately because of the layout and ease. For one of my tests, I searched the word â€Å"Penguins†. I found that I preferred the layout of Google because it was cleaner and helped me stay on task. When I was using Bing, I felt a little overwhelmed with all the information that I was given on the results page and I ended up being pretty distracted by the tweets on the right hand side along with videos Bing suggested I look at. However, information wise, I found that both search engines gave me sufficient information, not one being better than the other. Some other key benefits I found that Google has that Bing does not is the â€Å"I feel lucky† button. This allows you to save that one more extra step by taking you directly to the most popular page for what you’re searching for. Google also allows you to remove certain older searches from the drop down list with one easy click on the â€Å"remove† button. Another benefit Google offers, is the ability to preview the search results without leaving the main results page. Finally, my favorite is the homepage where they change the word â€Å"Google† into different fonts, formats and games everyday. Because I own a Mac Book, and I use Chrome to do my entire web browsing, searching on Google has become second nature to me. I use Chrome because it starts up quickly. It also allows me to type anything into the URL address box and Chrome takes me directly to Google with the results. Although I will continue to use Google, I do believe that Bing can catch up to Google in search perhaps through disruptive innovation or exposing the search engine to the younger generations early on. If Bing were to create a search engine to compete with Chrome, I think it would be highly profitable, especially if this new operating system were available for free download and accessible to anyone for development. I also believe that one of the biggest problems that Bing faces is turning the users who have been using Google for years, to try Bing. And even if Bing faces up to the challenge, it’s hard to break a habit, especially in this case since Chrome makes it easier for the researcher to search on Google. Some other factors that could help Bing, is if Google makes a mistake. For example, whenever Facebook makes a new change, you see all the complaints in your newsfeed; however, people keep using it because there is nothing else like it out there. If Google changes certain attributes about their search engine, that the majority of people do not like, Bing can very well serve as their backup and in an instant become their number one search engine. However, since I still prefer using Google, I will continue to â€Å"Google it†.

Increasing Indian Film Presence in the International Market

Increasing Indian Film Presence in the International Market 1. Chapter One: INTRODUCTION In these modern times of instant digital communication, film has turn out to be one of the most vital way through various nations and cultures reveal their values and identities. Moving image technologies has turn out to be all-encompassing in our lives. They are huge business. Apart from that, a capability to recognize and apply them has become as important for the people of this present era as literacy was in the times of19th and 20th century (India PR Wire, April 4, 2007). The tempo, scale and consequences of this transformation are significant enough. The Indian Film industry has made a huge development ever since the Motion pictures first arrived in India in the year of 1896 when the Lumiere brothers revealed six silent short films in Bombay. The first feature film of India named- King Harishchandra (which was a silent movie) was released in the year of1913. In India the first ‘talkie’ movie that released was Alam Ara in the year 1931 (India PR Wire, April 4, 2007) . 1.1 Film Production Houses In India A film production house is normally connected with the in-house production. It could categorize, make or telecast various segments of programs around news, films, multimedia, television shows, sports or ad films. India can be regarded as a home to a several well-known production houses from all the aforesaid stated areas. www.bestindiansites.com specifies top leading Indian websites on production houses of India, sports production house, ad film production house, film production house, sports production house, information on production house, list of production houses, television production house, multimedia production house, and a several other significant information’s (Subramaniam, A, 2003). We can in reality utter about various types of production houses such as Independent and corporate and just detail it by stating that Individual production houses are managed by just 1 or 2 producers and the infusion of capital investment for the production purpose is mainly generated by personal investment or by the means of loans taken from private investor. For corporate houses we could only cite that it is just like as any other corporate deal with the only differentiation that it produces films which is considered under the head of creative segment (essentially organised corporate structure of producing in creative industries – which is a new concept for Indian film industry) (Subramaniam, A, 2003) So when ‘Industry’ status was granted in 2000, Corporate started getting attracted towards the films industry realising the huge potential that was there to be exploited. When the corporate started entering to film industry with huge investment power they started incorporating studio culture of Hollywood by following vertical integration. Leaving behind the prevailing system of horizontal integration to the independent producers. The studio model production house started giving more importance to the content. It stressed on script development, introducing younger generation actors and directors, budget and time management, co productions and international distribution. None of the new corporate production house had the background of film production when they entered the segment. However most of them were involved in activities related to the media (The Business Line, 2007). Barney says that the first to exploit the resources would gain competitive advantage over its rivals. This is exactly how the corporate production houses gained advantage over independent producers. The Industry had a lot of potential to grow with its wide acceptance globally. but the independent production houses had neglected this aspect, so when the corporate entered the industry they took complete advantage by using the unexploited resources of reach of the films and its growth possibilities steps (Barney, 1991). To exploit the resources of growth prospective, the studio model was developed under these parameters- To Produce and co produce the movies with strong content and story line. To complete the movie with in the budget and also in time. To sign contractual agreements with actors and directors. To focus on medium and large scale budget movies. To develop a huge distribution network nationally and internationally These parameters are not different from any other studio mode l in the world. Corporate production houses main aim was to apply these practices and standards in other markets, to the Indian market. The reason for doing this was to make maximum utilisation of the resources available. Already registered in the London Stock Exchange, several Indian film companies like as Eros, Ad labs, India Film Company, and utv – have generated immense capital from the various institutional investors who were keen to invest in Indian film companies. Moreover several Western film companies are looking forward for acquiring an ample equity share in these companies (Desai 2007). In this regard on 24 January 2005, Percept Picture Company associated with Michael Douglas’ production company Further Films and Sahara One to co-produce the $50-million Racing the Monsoon. Also on 1 September Sahara declared one more alliance, and this time with a Hollywood producer Donald Rosenfeld for Tree of Life starring Colin Farrell. These are two among a total of six Hollywood coproductions. (Kohli- Khandekar 2006.). On 20 October, 2005, Sony Pictures sign on Sanjay Leela Bhansali to co-produce Saawariya. The film was released globally in the year of 2007 with around 1,000 prints, a fig ure which was not heard of in the previous times for an Indian film. [The figure is on average 250.] Moreover this was the first time that a renowned Hollywood studio (that one of top six) had produced an Indian film. (Kohli-Khandekar 2006.) Indian admired cinema, remarkably Bollywood – the Mumbai (Bombay) film industry has witnessed several transformations given that it’s first beginnings. A few key modifications that took place at the turn of the century when Indian Popular Cinema gained the position of an industry.(1) After that the Indian film has developed in new directions. One such change was a more intense interplay between the global and the local which took place during the 1990s. Today, every single function and activity related to the Indian film business is becoming well defined and systematized, be it the retail infrastructure, financial aspect, marketing or distribution. Even films themselves are gradually falling into place. In just under five years, t he industry has shed five decades of baggage and has become an organised business. This is a new Indian film industry (Kohli-Khandekar 2006). Film producers are interested in creating serious corporate structures, and Indian as well as foreign business is pouring money into the cinema. A wall of money is descending on Bollywood and there is a huge bubble building up (Desai 2007). Evaluating by the amount of movies produced by the Indian film industry, which is about more than one thousand movies per year, it is been regarded as the largest movie industry of the globe. The studio has reached international and also the profit earnings of the several Indian movies were greater in overseas locations than in India. Indian films have been witnessed in the leading ten lists of movies in the continents of UK and USA ((The Business Line, 2007)). 1.2 An overview of Indian film industry 1.2.1 Historical Section How Bollywood has evolved India has been regarded as the biggest movie industry of the world, if we talk about the number of movies produced in a year. It produces around more than 1000 films per year, which is greater than any of the film producing country. The Indian film industry is commonly regarded as BOLLYWOOD. The first Indian cinema was arrived in the year of 1913 with RAJA HARISHCHANDRA firstly coming into the picture and paving its way to the new period of silent cinema in India (Das Gupta, S., 2006). Since that time it has witnessed a vast series of evolution both in conditions of making and marketing of the Indian films. We will largely talk about the evolution that took place from the year of 1980s to present time. India produces more films than any other country in the world, the government of India didn’t recognize filmmaking as an official industry until as recently as 2001. Before then, it was impossible for producers to get loans from banks or even insurance for their productions. As a result, producers often paid for their films out of their own pockets – a practice most American producers would consider absurdly risky – or obtained financing from less savory sources (Das Gupta, S., 2006): The unruly aspects of film production weren’t just limited to its financing. In some cases, it would take years to shoot a film. Overbooked film stars would show up egregiously late on set (or not at all) without penalty, scripts were often rewritten on set depending on which actors showed up, contracts were verbal and often violated, and produced films had no guarantees of finding distribution. All of these factors combined to make Bollywood film production an extremely risky endeavour (Das Gupta, S., 2006). 1980-1990 In India maximum number of films were produced by Independent (SingleSolo) producers or Family production houses, Big production companies like Rajashri productions, B.R Productions and R.K Productions were family owned production houses and in some cases it can be traced back to several generations.(Taebue and Lorenzen-2007) â€Å"In this period the Indian film industry seemed to make the least progress and in some case journey in the path of deprogress† (Ashish Tiwari). Most of the films were produced on a Formula which had protagonist the male lead character of the film who is called as the Hero and his female counter part as the Heroine who romanced with the Hero singing and dancing around the trees, this strategy gave birth to the masala films (Hindi for â€Å"spice mix†) â€Å"It was a compound made up of several elemental combinations that had drama comedy and romance along with song and dance sequences in symbol driven rather than plot driven† ( Lorenzen Taeube-2006). â€Å"The controversial author Salman Rushdie found a very precise and creative term that sums up the subject of Indian films perfectly, describing it as: ‘Epico-Mythico-Tragico-Comico-Super-Sexy-High- Masala-Art’ (Salman Rushdi, 1995 in â€Å"The Moor’s Last Sigh† quoted in Mishra,)†(Adleline Pissang-2000). Repetition of these kinds of stereotype films kept the audience away from theatres. Introduction of colour television and national coverage by Doordarshan in early 1980’s caused a drop in demand for Indian films. The middle class audience preferred to watch new Television soaps and old films on video cassettes (VHS) in their home rather than going to cinema halls. So the cinema halls became a run down and regarded suitable only for lower class men who could not afford a television preferred watching hard core violent films in theatres with lots of action and skimpily clad women dancing in the rain (Misara-2002). Competitio n from television made film production houses think innovatively, to hold their grip on the medium, so they started upgrading their films with lavish sets and so called â€Å"multi starrer† films which in turn increased the importance of star actors. So naturally the star actors wanted to cash in on their ‘star value’ and started charging exorbitant sums to act in a single film which in turn escalated the production cost of the film (Gopalan-2002). This was at the same time when the Indian music industry was on a high and could turn around the profit margins of even those films that failed at the box- office. The movie soundtrack became a key publicity stunt for the movies and the number of tracks and their popularity increased steadily. The pre- movie launch of music could determine the fate of a movie because if the music did well in the market then it created a huge wave amongst the public before the film got released. The sales of the audio cassettes used to bring in good share of revenue. The producers always hoped and worked towards making the music of their film a hit by casting good/popular music directors and famous playback singers for their films. Again, the producer had to invest a lot more on a popular music director but it was chance worth taking (Ganti-2004). 1990-2000 The introduction of cable T.V. was the greatest revolution of this era. It changed the outlook of film industry, though initially the survival of film industry was challenged with the entry of cable T.V. as it was an instant hit with the audience because it provided plenty of regional language channels like ZEE TV, SUN network and as well as few English channels STAR, HBO which aired films on their channels. But gradually the production houses understood the potential of the cable T.V. as it found a way for new source of income through selling its film rights at relatively higher prices for its telecast in television which is called as satellite rights (Pendakur-2003). Subsequently the film industry started depending on television as a medium of publicity by broadcasting songs and advertising campaigns of their films to pull the audiences to the theatres (David Hancock-1999). Music channels like MTV and V channel could not sustain by just transmitting private non film and internation al music albums so they had to take cover of film songs to increase their popularity in India (Bose-2006). It is believed that the criminal sources like underworld had a very strong hold on the Indian film industry; they controlled the whole production process of the films that they financed by dictating the terms in Bollywood like casting a superstar and selecting brilliant directors to work for their films. It is also believed that celebrities of the industry had close links with the mafia. Though usage of Black money (unaccounted money) in films was not an unfamiliar thing for ages but funding from underworld started in this period. It is estimated that 40% of film productions were financed by the underworld (Kripalani and Grover 2002; David Hancock-1998). The early 1990’s can be called as the period of stagnation; the commercial cinema had ridiculous dialogues, baseless stories with no originality in them (Ashish Tiwari 2007). Few films in mid 1990’s were huge hits which broke most of the previous records. These films were big budget, romantic films (Dwyer and Patel) which upheld the family values in them. The two astronomical hits were HUM APKE HAI KAUN? (Who am I to You?) This released in 1994 and went onto run for two years in more than 50 theatres and DILWALE DULHANIA LE JAYENGE!! (The Brave Heart Will Take the Bride) got released in 1995 and was still running in its 13th year for 679th week as on 17th October 2008 at Marata Mandhir Cinema in Mumbai (www). Both these films were on similar lines, they were big budget romantic films with no actions sequence in them. In the former’s case the whole film was shot in beautiful gigantic sets going outdoors only for song sequence, which had 12 music tracks in it. In l atter’s case maximum portion of the shoot took place in foreign locales. The audio of both these films were massive hits because they used the full potential of television by telecasting their songs and ad campaigns before the theatrical release. Both the production houses (Rajashri Productions and Yashraj Productions) of these films took great interest in refurbishing the theatres before the release of their films because they precisely knew their target audience were the upper middle class and family audiences who were content with television and they had to bring them back to the theatres. Once they succeeded â€Å"it marked the dominance of new middle class and uphold them to the pleasure of socially mixed audience both in India and overseas†. (Dwyer and Patel-2002) Rajashri and Yashraj Productions were the good old big production houses which started the trend for these kinds of films with big budget, but most of the small scale productions could not cope with this and had to stop producing films. Gradually number of films produced per year dropped. Source: David Hancock; Global Film production (Working Document) Venice Conference The biggest and greatest breakthrough in the Indian Cinema came in 1998. This is the year the Indian government recognised the potential of Indian cinema and granted the official status of ‘Industry’. Until then the public as well as private banks and other big financial institutions desisted from getting involved with the film production companies so the producers always had to depend on private money lenders for the capital for their films (Dwyer Patel, 2002). Now the production houses are getting their capital from public investments through semi public Industrial Development Bank of India (IDBI) and other public banks (Lorenzen Taeube, 2006) 2000- Till date.. Indian Film Industry started in its way of revival of sorts, in 2001 all the prints of the film Chori Chori Chupke Chupke which had a huge star cast was seized by the Central Bureau of Investigation suspecting it to be funded by the underworld and the producer of the film Bharath Shah was arrested for having close connections with the underworld. After this incident most of the producers feared to be identified with the under world. So the underworld gradually lost its hold in the Bollywood. Shooting at overseas location for a film is not new to Bollywood they have been doing this since 1960’s but currently there is an increasing trend of Indian film crew shooting at foreign locales. This is because of the huge global market for the Indian films. Many films are released simultaneously in U.S.A. and U.K. and there are instances where the returns from overseas collections is higher than the home collections. The script writers and Directors cannot neglect the overseas market any more while scripting and shooting for their film (Dudrah, R K, 2006). After the liberalisation of the industry in 1998 Direct Foreign Investments, Global Investors, Private Corporate started entering the film industry. Hollywood Majors like Universal, 21st Century Fox started investing in the Indian film industry through joint ventures with the Indian production houses. The corporate production houses are gaining importance in the film industry. Corporate houses like ADLABS, EROS, UTV, K.SERA SERA and many others have already made a mark in B.S.E. (Bombay Stock Exchange) and even in L.S.E. (London Stock Exchange). In the current scenario 20% of the total India films are produced by corporate giants (Anand times- 2006). They have developed professional ways of organising business, mergers, outsourcing, distributing, use of new technology and marketing content. The corporate houses have brought in the much needed professional flavour in to films which were missing in the production process earlier. The main advantage of the corporate house is it can prod uce more number of films simultaneously; it produces 5-6 films per year where as compared to the individual production houses cannot afford to produce more than 2-3 films in a year even after the deregulation. The greatest advantage of a corporate production house is it has a huge capital to invest on its films. Usually the risk is higher on a single movie basis, but the risk spreads out as they produce lot of films simultaneously. They employ professionals in their firm as compared to the single producers of 80’s who used change their crew after every film. Few corporate houses even have their own multiplex cinema which helps in theatrical release as well as in developing a marketing strategy for their films. The corporate giants are investing hugely on the industry as a result of this the film Industry is already the 3rd largest industry in India (Dudrah-2006). The production houses are aiming at a homogenous or serial form of production as opposed to heterogeneous form of production they had earlier. The main purpose of switching to this form of production is to control all means of production and operate all aspects of film making from finance to production and distribution (Prasad-1998). The best example being Yashraj Productions. They have their own studios for recording, dubbing and editing and also have production equipments required for the shoot. With in the production house they also have different sections like Yashraj Distribution for overseas and home market, Yashraj Music for all their audio sales and Yashraj Video for home video like DVD’s and VCD’s. It was one of the first production houses to hire management students from Indian Institute of Management, Ahmadabad (IIMA) to market their films and also to set up their whole business process. They also stated their own website to market and project their media image (Dywer Patel- 2002). Professionalization has brought new and better modes of planning. There are changed practices of production where there are professionals working constantly for the better utilization of funds, bringing production costs down and maximizing the profits Film production in India is becoming an organised business. The overall film industry is taking on professional colours. 1.3 Size and growth opportunities The total size of Indian film industry was estimated at around Rs.56.5bn (inr40 = usd1 Iit is anticipated to touch a huge figure of about Rs.153bn by the year of 2010 with taking into account 18 percent compound annual growth rate (cagr) as per the estimates of ficci-Pricewaterhouse- Coopers in the year 2006. On the whole, the Indian film industry was anticipated to be value of about usd1.8bn in the year 2006. On the basis of a thorough top-down analysis considering the share of private consumption as a proportion of gdp, the marketshare for media and entertainment (me) expenditures, and film budgets within the me space it was accounted that the Indian film industry will be valued in between usd4.4 and 5.1bn (between inr176bn and inr204bn) by 2011 (cii-A.T. Kearney 2007). The movie industry has been getting more and more corporatized. Many film production, distribution and exhibition houses are listed on the stock markets and they have raised capital through public issue. Several the atres around the nation have been developed into multiplexes and plans to build up additional digital cinema halls are by now in lime light. This will certainly not only enhance the quality of prints and thereby providing viewing a extra pleasant experience for the audiences but will also decrease the piracy of prints (ficci-PricewaterhouseCoopers 2006). These days piracy is a major issue for the Indian film industry. Not initiating nay major anti-piracy laws on the part of the government and an absence of educated officers that implements anti-piracy laws remains the vital issue. These are the main issue which is why the piracy business has not been able to control to a greater extent. This issue along with the lengthy legal and arbitration process is regarded as prevention to the fight against piracy. Apart from this the present Copyrights Act is also obsolete in conditions to technology enhancement and in addition, it does not deal with the requirements of the electronic media wh ere the degree of piracy is amongst the maximum in present time. The Optical Disc Law draft established to deal with the requirement for regulating piracy at the manufacturing phase is still pending for the approval of the Indian ministry (ficci-PricewaterhouseCoopers 2006). As against to few developed markets where the home market symbolizes greater than 40% of total movie revenues, the home market share in India is comparatively small (8%), though, this share is anticipated to rise to about 14% by the year of 2010. The important pushers that will facilitate this are the rising amount of reasonably priced DVD players and lesser prices of original DVDs so as to battle the issues of piracy (cii-A.T. Kearney 2007). The Indian entertainment and media industry enjoys a lot of aid in the present times – be it regulations that permit foreign investment, the momentum from the economy, digital lifestyle and spending styles of the consumers, and also several opportunities the development in technology have to provide. The industry only has to do is to realize its growth potential and opportunities. The government is required to play a greater dynamic task in solving out the policy-related obstruction for the purpose of growth. The industry is required to get rid of all obstructions, like as piracy in an intensive way along with the measures to produce high-quality global class end products. The entertainment and media industry has all ingredients which it generally takes to turn into the star of Indian economy (ficci-PricewaterhouseCoopers 2006). There are two important movements that will basically transform the scene of the Indian film industry in the coming couple of years, namely digitizati on and a change in consumer preferences. Digitization will lead to consolidation and appearance of huge scale exhibition networks and, and apart from this, in the balance of power among producers-distributors and exhibitors. Changing customer preferences will lead to rising international acceptance of Indian films and in the upcoming of new media (cii-A.T. Kearney 2007). Growth opportunities in terms of Corporate production houses Indian film industry comprises of numerous regional clusters, and Bollywood is merely one of them. Bollywood is the cluster located in Mumbai, producing the biggest share of films (40%) mainly in Hindi (PWC FICCI, 2007). Bollywood is the oldest film cluster in India, dating back to early 20th century. Other film clusters in India like as one in Hyderabad, called â€Å"Tollywood† produces second biggest amount of films mainly in Telugu. While other clusters produce films chiefly in their local language. Growth opportunities in terms of Indian Film Industry 1.31 Current situation Currently the success ratios of films are very low at the box office. Only 10 to 20% of films break even or earn profits (Ganapathi, 2002; Pendakur, 2003; Ganti, 2004; Lorenzen Taeube, 2006) but most of the producers make money, recouping their investments through new auxiliary sources of revenue () like satellite rights music rights, home video rights(DVD), video games, toys, computer wallpapers, ring tones, movie clips for mobile and selling ancillary rights. The new trend is product placement in films which brings in a lot of revenue and even helps in publicity of the film. In the period of 1998-2005 i.e after gaining the status of industry, the revenues in the films have grown by 360% this is including all revenues from advertising, selling of ancillary rights and music rights (Kholi- Khandekar, 2006; Lorenzen Taeube, 2006). The digital relay of films in cinema theatres is saving a lot of money as you don’t have to develop the physical print, which took a major share in a film budget. The industry is losing more than 40% of its revenue through Piracy (David Hancock-1998). Copyright infringement of films is so wide spread in India it can be called as a ‘small scale industry’. Bootleg copies of DVD’s are available in the market on the same day the film officially releases in theatres or some times even before that. Pirated DVD’s and CD’s of Bollywood movies are available in most of the South Asian and South East Asian countries. The small cable television channels broadcast newly released films in their channels without paying any kind of compensation. Another problem is consumer copying which is very difficult to stop. To add on to this is Online Internet movies where consumers can download movies from websites like www.bhejafry.net, www.indiaonlinemovies.com and many more without actually paying anything. The technical skills of the Indian Film Industry has always been extraordinary but most of the time they had to settle for old and very poor quality of equipments. But now due to huge market and Corporatisation they can afford to buy more sophisticated equipments. Digital facilities for Sound Recording, Dubbing, Editing is as good as anywhere in the world (Dwyer Patel, 2002). Bollywood has always been very enthusiastic about embracing new technologies in their films, and it is also been much quicker in doing this than the Hollywood (Currah, 2007). The Film Industry is using all the latest technologies like Arry 435 for the shoot, Avid and Mac products for post production work. Sync sound, D.I.(Digital Intermediate), Animations and special effects with Graphics are used extensively. The Indian Film Industry can now even employ foreign technicians to work for them to improve the quality of the final product. In the blockbuster film KRRISH- (2006) the action sequence was choreographed by Tony Ching from Hong Kong and all the special effects for the film was done by Hollywood technicians (Minocha and Stonehouse- 2006). Globalisation has four facets, that is, movement of goods, capital, technology and people across borders. In terms of movement of goods (i. e., movies) Indian movie industry has a long history of presence in the global market. Awara was sent to the Soviet Union and other Communist bloc countries crazy in the year of1950s. Mehboob’s Aan had a French release after its premiere in London. Long before that Himansu Rai made visually stunning films in cooperation with the Germans in the early 1930s, like The Light of Asia and A Throw of Dice, and many more which were shown in Europe as Indian films with Indian stories. By then the Bombay film industry had been around for 35 years. The film industry is definitely as old as the cinema itself and surely older than Hollywood, which has its early development in the late 1900s (Desai 2007). The exports of the Indian movie have grown for approximately 60% in recent times. The USA and Canada are two main export locations witnessing for 30 percent than by the UK with 25% and Mauritius and Dubai with 10% each. Some other main markets comprise South Africa, Russia, Fiji, New Zealand and Australia where there is abundant Indian diasporas present. Making a film for the diaspora market is a certainly a moneymaking project as against to making a film for the Indian domestic market (Desai 2007). With the global audience, there is outstanding recognition of Indian movie themes along with sew of the cross-over films made by global movie production players. The profit earnings of these movies can be match up to to few of the Hollywood box office hits. A number of Bollywood movies have gained greater than 50% of their total gross profit margin from global box office collection. However it is a welcome movement that requires to be carried on. One of the significant success factors for these cinemas is to recognize ideas from within the Indian subjects which are liked by the audience. An additional important success factor is to associate with a top global distributor; films produced by the person of Indian origin have had up to 2–3 times greater global earnings as compared to the national bestsellers (cii- A.T. Kearney 2007). Table 2 reveals a series of cross over films and the revenue earning generated by these films. India has stated its determined plans to double its share in the international film industry by the end of this year. This shows the great determination of the country to build itself as a cultural as well as economic powerhouse. There are many reasons why we must believe that. To begin with, the government, which aims on considering Bollywood to set up India as a ‘soft power’, considers the Indian film industry is competent enough to capture five percent of the international market this season. The share at the present time is two percent (Johnson 2007). Kishore Lulla, the chief executive of Eros International, a uk-listed company that releases about thirty new Bollywood films in India and in the rest of the world each year, â€Å"says the government’s target can be achieved. India is experiencing almost hundred percent growth in grosses Increasing Indian Film Presence in the International Market Increasing Indian Film Presence in the International Market 1. Chapter One: INTRODUCTION In these modern times of instant digital communication, film has turn out to be one of the most vital way through various nations and cultures reveal their values and identities. Moving image technologies has turn out to be all-encompassing in our lives. They are huge business. Apart from that, a capability to recognize and apply them has become as important for the people of this present era as literacy was in the times of19th and 20th century (India PR Wire, April 4, 2007). The tempo, scale and consequences of this transformation are significant enough. The Indian Film industry has made a huge development ever since the Motion pictures first arrived in India in the year of 1896 when the Lumiere brothers revealed six silent short films in Bombay. The first feature film of India named- King Harishchandra (which was a silent movie) was released in the year of1913. In India the first ‘talkie’ movie that released was Alam Ara in the year 1931 (India PR Wire, April 4, 2007) . 1.1 Film Production Houses In India A film production house is normally connected with the in-house production. It could categorize, make or telecast various segments of programs around news, films, multimedia, television shows, sports or ad films. India can be regarded as a home to a several well-known production houses from all the aforesaid stated areas. www.bestindiansites.com specifies top leading Indian websites on production houses of India, sports production house, ad film production house, film production house, sports production house, information on production house, list of production houses, television production house, multimedia production house, and a several other significant information’s (Subramaniam, A, 2003). We can in reality utter about various types of production houses such as Independent and corporate and just detail it by stating that Individual production houses are managed by just 1 or 2 producers and the infusion of capital investment for the production purpose is mainly generated by personal investment or by the means of loans taken from private investor. For corporate houses we could only cite that it is just like as any other corporate deal with the only differentiation that it produces films which is considered under the head of creative segment (essentially organised corporate structure of producing in creative industries – which is a new concept for Indian film industry) (Subramaniam, A, 2003) So when ‘Industry’ status was granted in 2000, Corporate started getting attracted towards the films industry realising the huge potential that was there to be exploited. When the corporate started entering to film industry with huge investment power they started incorporating studio culture of Hollywood by following vertical integration. Leaving behind the prevailing system of horizontal integration to the independent producers. The studio model production house started giving more importance to the content. It stressed on script development, introducing younger generation actors and directors, budget and time management, co productions and international distribution. None of the new corporate production house had the background of film production when they entered the segment. However most of them were involved in activities related to the media (The Business Line, 2007). Barney says that the first to exploit the resources would gain competitive advantage over its rivals. This is exactly how the corporate production houses gained advantage over independent producers. The Industry had a lot of potential to grow with its wide acceptance globally. but the independent production houses had neglected this aspect, so when the corporate entered the industry they took complete advantage by using the unexploited resources of reach of the films and its growth possibilities steps (Barney, 1991). To exploit the resources of growth prospective, the studio model was developed under these parameters- To Produce and co produce the movies with strong content and story line. To complete the movie with in the budget and also in time. To sign contractual agreements with actors and directors. To focus on medium and large scale budget movies. To develop a huge distribution network nationally and internationally These parameters are not different from any other studio mode l in the world. Corporate production houses main aim was to apply these practices and standards in other markets, to the Indian market. The reason for doing this was to make maximum utilisation of the resources available. Already registered in the London Stock Exchange, several Indian film companies like as Eros, Ad labs, India Film Company, and utv – have generated immense capital from the various institutional investors who were keen to invest in Indian film companies. Moreover several Western film companies are looking forward for acquiring an ample equity share in these companies (Desai 2007). In this regard on 24 January 2005, Percept Picture Company associated with Michael Douglas’ production company Further Films and Sahara One to co-produce the $50-million Racing the Monsoon. Also on 1 September Sahara declared one more alliance, and this time with a Hollywood producer Donald Rosenfeld for Tree of Life starring Colin Farrell. These are two among a total of six Hollywood coproductions. (Kohli- Khandekar 2006.). On 20 October, 2005, Sony Pictures sign on Sanjay Leela Bhansali to co-produce Saawariya. The film was released globally in the year of 2007 with around 1,000 prints, a fig ure which was not heard of in the previous times for an Indian film. [The figure is on average 250.] Moreover this was the first time that a renowned Hollywood studio (that one of top six) had produced an Indian film. (Kohli-Khandekar 2006.) Indian admired cinema, remarkably Bollywood – the Mumbai (Bombay) film industry has witnessed several transformations given that it’s first beginnings. A few key modifications that took place at the turn of the century when Indian Popular Cinema gained the position of an industry.(1) After that the Indian film has developed in new directions. One such change was a more intense interplay between the global and the local which took place during the 1990s. Today, every single function and activity related to the Indian film business is becoming well defined and systematized, be it the retail infrastructure, financial aspect, marketing or distribution. Even films themselves are gradually falling into place. In just under five years, t he industry has shed five decades of baggage and has become an organised business. This is a new Indian film industry (Kohli-Khandekar 2006). Film producers are interested in creating serious corporate structures, and Indian as well as foreign business is pouring money into the cinema. A wall of money is descending on Bollywood and there is a huge bubble building up (Desai 2007). Evaluating by the amount of movies produced by the Indian film industry, which is about more than one thousand movies per year, it is been regarded as the largest movie industry of the globe. The studio has reached international and also the profit earnings of the several Indian movies were greater in overseas locations than in India. Indian films have been witnessed in the leading ten lists of movies in the continents of UK and USA ((The Business Line, 2007)). 1.2 An overview of Indian film industry 1.2.1 Historical Section How Bollywood has evolved India has been regarded as the biggest movie industry of the world, if we talk about the number of movies produced in a year. It produces around more than 1000 films per year, which is greater than any of the film producing country. The Indian film industry is commonly regarded as BOLLYWOOD. The first Indian cinema was arrived in the year of 1913 with RAJA HARISHCHANDRA firstly coming into the picture and paving its way to the new period of silent cinema in India (Das Gupta, S., 2006). Since that time it has witnessed a vast series of evolution both in conditions of making and marketing of the Indian films. We will largely talk about the evolution that took place from the year of 1980s to present time. India produces more films than any other country in the world, the government of India didn’t recognize filmmaking as an official industry until as recently as 2001. Before then, it was impossible for producers to get loans from banks or even insurance for their productions. As a result, producers often paid for their films out of their own pockets – a practice most American producers would consider absurdly risky – or obtained financing from less savory sources (Das Gupta, S., 2006): The unruly aspects of film production weren’t just limited to its financing. In some cases, it would take years to shoot a film. Overbooked film stars would show up egregiously late on set (or not at all) without penalty, scripts were often rewritten on set depending on which actors showed up, contracts were verbal and often violated, and produced films had no guarantees of finding distribution. All of these factors combined to make Bollywood film production an extremely risky endeavour (Das Gupta, S., 2006). 1980-1990 In India maximum number of films were produced by Independent (SingleSolo) producers or Family production houses, Big production companies like Rajashri productions, B.R Productions and R.K Productions were family owned production houses and in some cases it can be traced back to several generations.(Taebue and Lorenzen-2007) â€Å"In this period the Indian film industry seemed to make the least progress and in some case journey in the path of deprogress† (Ashish Tiwari). Most of the films were produced on a Formula which had protagonist the male lead character of the film who is called as the Hero and his female counter part as the Heroine who romanced with the Hero singing and dancing around the trees, this strategy gave birth to the masala films (Hindi for â€Å"spice mix†) â€Å"It was a compound made up of several elemental combinations that had drama comedy and romance along with song and dance sequences in symbol driven rather than plot driven† ( Lorenzen Taeube-2006). â€Å"The controversial author Salman Rushdie found a very precise and creative term that sums up the subject of Indian films perfectly, describing it as: ‘Epico-Mythico-Tragico-Comico-Super-Sexy-High- Masala-Art’ (Salman Rushdi, 1995 in â€Å"The Moor’s Last Sigh† quoted in Mishra,)†(Adleline Pissang-2000). Repetition of these kinds of stereotype films kept the audience away from theatres. Introduction of colour television and national coverage by Doordarshan in early 1980’s caused a drop in demand for Indian films. The middle class audience preferred to watch new Television soaps and old films on video cassettes (VHS) in their home rather than going to cinema halls. So the cinema halls became a run down and regarded suitable only for lower class men who could not afford a television preferred watching hard core violent films in theatres with lots of action and skimpily clad women dancing in the rain (Misara-2002). Competitio n from television made film production houses think innovatively, to hold their grip on the medium, so they started upgrading their films with lavish sets and so called â€Å"multi starrer† films which in turn increased the importance of star actors. So naturally the star actors wanted to cash in on their ‘star value’ and started charging exorbitant sums to act in a single film which in turn escalated the production cost of the film (Gopalan-2002). This was at the same time when the Indian music industry was on a high and could turn around the profit margins of even those films that failed at the box- office. The movie soundtrack became a key publicity stunt for the movies and the number of tracks and their popularity increased steadily. The pre- movie launch of music could determine the fate of a movie because if the music did well in the market then it created a huge wave amongst the public before the film got released. The sales of the audio cassettes used to bring in good share of revenue. The producers always hoped and worked towards making the music of their film a hit by casting good/popular music directors and famous playback singers for their films. Again, the producer had to invest a lot more on a popular music director but it was chance worth taking (Ganti-2004). 1990-2000 The introduction of cable T.V. was the greatest revolution of this era. It changed the outlook of film industry, though initially the survival of film industry was challenged with the entry of cable T.V. as it was an instant hit with the audience because it provided plenty of regional language channels like ZEE TV, SUN network and as well as few English channels STAR, HBO which aired films on their channels. But gradually the production houses understood the potential of the cable T.V. as it found a way for new source of income through selling its film rights at relatively higher prices for its telecast in television which is called as satellite rights (Pendakur-2003). Subsequently the film industry started depending on television as a medium of publicity by broadcasting songs and advertising campaigns of their films to pull the audiences to the theatres (David Hancock-1999). Music channels like MTV and V channel could not sustain by just transmitting private non film and internation al music albums so they had to take cover of film songs to increase their popularity in India (Bose-2006). It is believed that the criminal sources like underworld had a very strong hold on the Indian film industry; they controlled the whole production process of the films that they financed by dictating the terms in Bollywood like casting a superstar and selecting brilliant directors to work for their films. It is also believed that celebrities of the industry had close links with the mafia. Though usage of Black money (unaccounted money) in films was not an unfamiliar thing for ages but funding from underworld started in this period. It is estimated that 40% of film productions were financed by the underworld (Kripalani and Grover 2002; David Hancock-1998). The early 1990’s can be called as the period of stagnation; the commercial cinema had ridiculous dialogues, baseless stories with no originality in them (Ashish Tiwari 2007). Few films in mid 1990’s were huge hits which broke most of the previous records. These films were big budget, romantic films (Dwyer and Patel) which upheld the family values in them. The two astronomical hits were HUM APKE HAI KAUN? (Who am I to You?) This released in 1994 and went onto run for two years in more than 50 theatres and DILWALE DULHANIA LE JAYENGE!! (The Brave Heart Will Take the Bride) got released in 1995 and was still running in its 13th year for 679th week as on 17th October 2008 at Marata Mandhir Cinema in Mumbai (www). Both these films were on similar lines, they were big budget romantic films with no actions sequence in them. In the former’s case the whole film was shot in beautiful gigantic sets going outdoors only for song sequence, which had 12 music tracks in it. In l atter’s case maximum portion of the shoot took place in foreign locales. The audio of both these films were massive hits because they used the full potential of television by telecasting their songs and ad campaigns before the theatrical release. Both the production houses (Rajashri Productions and Yashraj Productions) of these films took great interest in refurbishing the theatres before the release of their films because they precisely knew their target audience were the upper middle class and family audiences who were content with television and they had to bring them back to the theatres. Once they succeeded â€Å"it marked the dominance of new middle class and uphold them to the pleasure of socially mixed audience both in India and overseas†. (Dwyer and Patel-2002) Rajashri and Yashraj Productions were the good old big production houses which started the trend for these kinds of films with big budget, but most of the small scale productions could not cope with this and had to stop producing films. Gradually number of films produced per year dropped. Source: David Hancock; Global Film production (Working Document) Venice Conference The biggest and greatest breakthrough in the Indian Cinema came in 1998. This is the year the Indian government recognised the potential of Indian cinema and granted the official status of ‘Industry’. Until then the public as well as private banks and other big financial institutions desisted from getting involved with the film production companies so the producers always had to depend on private money lenders for the capital for their films (Dwyer Patel, 2002). Now the production houses are getting their capital from public investments through semi public Industrial Development Bank of India (IDBI) and other public banks (Lorenzen Taeube, 2006) 2000- Till date.. Indian Film Industry started in its way of revival of sorts, in 2001 all the prints of the film Chori Chori Chupke Chupke which had a huge star cast was seized by the Central Bureau of Investigation suspecting it to be funded by the underworld and the producer of the film Bharath Shah was arrested for having close connections with the underworld. After this incident most of the producers feared to be identified with the under world. So the underworld gradually lost its hold in the Bollywood. Shooting at overseas location for a film is not new to Bollywood they have been doing this since 1960’s but currently there is an increasing trend of Indian film crew shooting at foreign locales. This is because of the huge global market for the Indian films. Many films are released simultaneously in U.S.A. and U.K. and there are instances where the returns from overseas collections is higher than the home collections. The script writers and Directors cannot neglect the overseas market any more while scripting and shooting for their film (Dudrah, R K, 2006). After the liberalisation of the industry in 1998 Direct Foreign Investments, Global Investors, Private Corporate started entering the film industry. Hollywood Majors like Universal, 21st Century Fox started investing in the Indian film industry through joint ventures with the Indian production houses. The corporate production houses are gaining importance in the film industry. Corporate houses like ADLABS, EROS, UTV, K.SERA SERA and many others have already made a mark in B.S.E. (Bombay Stock Exchange) and even in L.S.E. (London Stock Exchange). In the current scenario 20% of the total India films are produced by corporate giants (Anand times- 2006). They have developed professional ways of organising business, mergers, outsourcing, distributing, use of new technology and marketing content. The corporate houses have brought in the much needed professional flavour in to films which were missing in the production process earlier. The main advantage of the corporate house is it can prod uce more number of films simultaneously; it produces 5-6 films per year where as compared to the individual production houses cannot afford to produce more than 2-3 films in a year even after the deregulation. The greatest advantage of a corporate production house is it has a huge capital to invest on its films. Usually the risk is higher on a single movie basis, but the risk spreads out as they produce lot of films simultaneously. They employ professionals in their firm as compared to the single producers of 80’s who used change their crew after every film. Few corporate houses even have their own multiplex cinema which helps in theatrical release as well as in developing a marketing strategy for their films. The corporate giants are investing hugely on the industry as a result of this the film Industry is already the 3rd largest industry in India (Dudrah-2006). The production houses are aiming at a homogenous or serial form of production as opposed to heterogeneous form of production they had earlier. The main purpose of switching to this form of production is to control all means of production and operate all aspects of film making from finance to production and distribution (Prasad-1998). The best example being Yashraj Productions. They have their own studios for recording, dubbing and editing and also have production equipments required for the shoot. With in the production house they also have different sections like Yashraj Distribution for overseas and home market, Yashraj Music for all their audio sales and Yashraj Video for home video like DVD’s and VCD’s. It was one of the first production houses to hire management students from Indian Institute of Management, Ahmadabad (IIMA) to market their films and also to set up their whole business process. They also stated their own website to market and project their media image (Dywer Patel- 2002). Professionalization has brought new and better modes of planning. There are changed practices of production where there are professionals working constantly for the better utilization of funds, bringing production costs down and maximizing the profits Film production in India is becoming an organised business. The overall film industry is taking on professional colours. 1.3 Size and growth opportunities The total size of Indian film industry was estimated at around Rs.56.5bn (inr40 = usd1 Iit is anticipated to touch a huge figure of about Rs.153bn by the year of 2010 with taking into account 18 percent compound annual growth rate (cagr) as per the estimates of ficci-Pricewaterhouse- Coopers in the year 2006. On the whole, the Indian film industry was anticipated to be value of about usd1.8bn in the year 2006. On the basis of a thorough top-down analysis considering the share of private consumption as a proportion of gdp, the marketshare for media and entertainment (me) expenditures, and film budgets within the me space it was accounted that the Indian film industry will be valued in between usd4.4 and 5.1bn (between inr176bn and inr204bn) by 2011 (cii-A.T. Kearney 2007). The movie industry has been getting more and more corporatized. Many film production, distribution and exhibition houses are listed on the stock markets and they have raised capital through public issue. Several the atres around the nation have been developed into multiplexes and plans to build up additional digital cinema halls are by now in lime light. This will certainly not only enhance the quality of prints and thereby providing viewing a extra pleasant experience for the audiences but will also decrease the piracy of prints (ficci-PricewaterhouseCoopers 2006). These days piracy is a major issue for the Indian film industry. Not initiating nay major anti-piracy laws on the part of the government and an absence of educated officers that implements anti-piracy laws remains the vital issue. These are the main issue which is why the piracy business has not been able to control to a greater extent. This issue along with the lengthy legal and arbitration process is regarded as prevention to the fight against piracy. Apart from this the present Copyrights Act is also obsolete in conditions to technology enhancement and in addition, it does not deal with the requirements of the electronic media wh ere the degree of piracy is amongst the maximum in present time. The Optical Disc Law draft established to deal with the requirement for regulating piracy at the manufacturing phase is still pending for the approval of the Indian ministry (ficci-PricewaterhouseCoopers 2006). As against to few developed markets where the home market symbolizes greater than 40% of total movie revenues, the home market share in India is comparatively small (8%), though, this share is anticipated to rise to about 14% by the year of 2010. The important pushers that will facilitate this are the rising amount of reasonably priced DVD players and lesser prices of original DVDs so as to battle the issues of piracy (cii-A.T. Kearney 2007). The Indian entertainment and media industry enjoys a lot of aid in the present times – be it regulations that permit foreign investment, the momentum from the economy, digital lifestyle and spending styles of the consumers, and also several opportunities the development in technology have to provide. The industry only has to do is to realize its growth potential and opportunities. The government is required to play a greater dynamic task in solving out the policy-related obstruction for the purpose of growth. The industry is required to get rid of all obstructions, like as piracy in an intensive way along with the measures to produce high-quality global class end products. The entertainment and media industry has all ingredients which it generally takes to turn into the star of Indian economy (ficci-PricewaterhouseCoopers 2006). There are two important movements that will basically transform the scene of the Indian film industry in the coming couple of years, namely digitizati on and a change in consumer preferences. Digitization will lead to consolidation and appearance of huge scale exhibition networks and, and apart from this, in the balance of power among producers-distributors and exhibitors. Changing customer preferences will lead to rising international acceptance of Indian films and in the upcoming of new media (cii-A.T. Kearney 2007). Growth opportunities in terms of Corporate production houses Indian film industry comprises of numerous regional clusters, and Bollywood is merely one of them. Bollywood is the cluster located in Mumbai, producing the biggest share of films (40%) mainly in Hindi (PWC FICCI, 2007). Bollywood is the oldest film cluster in India, dating back to early 20th century. Other film clusters in India like as one in Hyderabad, called â€Å"Tollywood† produces second biggest amount of films mainly in Telugu. While other clusters produce films chiefly in their local language. Growth opportunities in terms of Indian Film Industry 1.31 Current situation Currently the success ratios of films are very low at the box office. Only 10 to 20% of films break even or earn profits (Ganapathi, 2002; Pendakur, 2003; Ganti, 2004; Lorenzen Taeube, 2006) but most of the producers make money, recouping their investments through new auxiliary sources of revenue () like satellite rights music rights, home video rights(DVD), video games, toys, computer wallpapers, ring tones, movie clips for mobile and selling ancillary rights. The new trend is product placement in films which brings in a lot of revenue and even helps in publicity of the film. In the period of 1998-2005 i.e after gaining the status of industry, the revenues in the films have grown by 360% this is including all revenues from advertising, selling of ancillary rights and music rights (Kholi- Khandekar, 2006; Lorenzen Taeube, 2006). The digital relay of films in cinema theatres is saving a lot of money as you don’t have to develop the physical print, which took a major share in a film budget. The industry is losing more than 40% of its revenue through Piracy (David Hancock-1998). Copyright infringement of films is so wide spread in India it can be called as a ‘small scale industry’. Bootleg copies of DVD’s are available in the market on the same day the film officially releases in theatres or some times even before that. Pirated DVD’s and CD’s of Bollywood movies are available in most of the South Asian and South East Asian countries. The small cable television channels broadcast newly released films in their channels without paying any kind of compensation. Another problem is consumer copying which is very difficult to stop. To add on to this is Online Internet movies where consumers can download movies from websites like www.bhejafry.net, www.indiaonlinemovies.com and many more without actually paying anything. The technical skills of the Indian Film Industry has always been extraordinary but most of the time they had to settle for old and very poor quality of equipments. But now due to huge market and Corporatisation they can afford to buy more sophisticated equipments. Digital facilities for Sound Recording, Dubbing, Editing is as good as anywhere in the world (Dwyer Patel, 2002). Bollywood has always been very enthusiastic about embracing new technologies in their films, and it is also been much quicker in doing this than the Hollywood (Currah, 2007). The Film Industry is using all the latest technologies like Arry 435 for the shoot, Avid and Mac products for post production work. Sync sound, D.I.(Digital Intermediate), Animations and special effects with Graphics are used extensively. The Indian Film Industry can now even employ foreign technicians to work for them to improve the quality of the final product. In the blockbuster film KRRISH- (2006) the action sequence was choreographed by Tony Ching from Hong Kong and all the special effects for the film was done by Hollywood technicians (Minocha and Stonehouse- 2006). Globalisation has four facets, that is, movement of goods, capital, technology and people across borders. In terms of movement of goods (i. e., movies) Indian movie industry has a long history of presence in the global market. Awara was sent to the Soviet Union and other Communist bloc countries crazy in the year of1950s. Mehboob’s Aan had a French release after its premiere in London. Long before that Himansu Rai made visually stunning films in cooperation with the Germans in the early 1930s, like The Light of Asia and A Throw of Dice, and many more which were shown in Europe as Indian films with Indian stories. By then the Bombay film industry had been around for 35 years. The film industry is definitely as old as the cinema itself and surely older than Hollywood, which has its early development in the late 1900s (Desai 2007). The exports of the Indian movie have grown for approximately 60% in recent times. The USA and Canada are two main export locations witnessing for 30 percent than by the UK with 25% and Mauritius and Dubai with 10% each. Some other main markets comprise South Africa, Russia, Fiji, New Zealand and Australia where there is abundant Indian diasporas present. Making a film for the diaspora market is a certainly a moneymaking project as against to making a film for the Indian domestic market (Desai 2007). With the global audience, there is outstanding recognition of Indian movie themes along with sew of the cross-over films made by global movie production players. The profit earnings of these movies can be match up to to few of the Hollywood box office hits. A number of Bollywood movies have gained greater than 50% of their total gross profit margin from global box office collection. However it is a welcome movement that requires to be carried on. One of the significant success factors for these cinemas is to recognize ideas from within the Indian subjects which are liked by the audience. An additional important success factor is to associate with a top global distributor; films produced by the person of Indian origin have had up to 2–3 times greater global earnings as compared to the national bestsellers (cii- A.T. Kearney 2007). Table 2 reveals a series of cross over films and the revenue earning generated by these films. India has stated its determined plans to double its share in the international film industry by the end of this year. This shows the great determination of the country to build itself as a cultural as well as economic powerhouse. There are many reasons why we must believe that. To begin with, the government, which aims on considering Bollywood to set up India as a ‘soft power’, considers the Indian film industry is competent enough to capture five percent of the international market this season. The share at the present time is two percent (Johnson 2007). Kishore Lulla, the chief executive of Eros International, a uk-listed company that releases about thirty new Bollywood films in India and in the rest of the world each year, â€Å"says the government’s target can be achieved. India is experiencing almost hundred percent growth in grosses