Use of Supply Chain Management as a Method of Inventory Control Research Paper

Use of Supply Chain Management as a Method of Inventory Control - Research Paper Example Use of Supply Chain Management as a Method of Inventory Control The emerging role of supply chain as integral part of inventory control has become hugely relevant issue for businesses. Indeed, successful SCM not only improves productivity but also provides the business with long term sustainability in the highly competitive business environment. The fast transforming business dynamics, including rapid globalization, technology and diversity in product variety and short life span have all contributed towards tough market conditions (Lee, 2002). Thus, challenges of effective SCM, especially as a key method of inventory control, have become major issues to improve and improvise inventory management in order to optimize performance outcome and maintain competitive edge. Supply chain and its impact on inventory control Supply chain and inventory management are intrinsically linked to the wider goals and objectives of the business. Supply chain or the logistics can broadly be defined as ‘set of approaches utilized to efficiently integrate supplie rs, manufacturers, warehouses, and stores, so that merchandise is produced and distributed at the right quantities, to the right locations, and at the right time, in order to minimize system-wide costs while satisfying service level requirements’ (Simchi-Levi, Kaminsky, & Simchi-Levi, 2003, p. 1). The various imperatives of SCM are mainly designed to meet the changing needs and requirements of the customers. The SCM therefore is network of activities that encompasses supply and delivery of raw materials for manufacturing goods and delivery of the finished product to the end customers. Inventory, on the other hand is collection of raw materials and finished goods which need to be used in future. The inventory control system helps to streamline the supply and demand of the products by making available the raw material and finished good at any set time for the manufacturers and the retailers. The inventory or stock maintained at different stages of production and distribution is important element of inventory control system that helps to assess the quantity and time when products need to be replenished with fresh stock or new stock as per the demand. The cost effective analysis of stock helps to anticipate demand and supply of products, both of raw material and final products. For example, fast moving products and products with short life are stored in forward warehouse and slow moving products, risky or costly products are placed at central warehousing as shipped or moved to the destination when required. Thus, delivery of product is fast through the warehouses where the inventory is strategically placed or stored. Inventory is used as key constituent in SCM to coordinate various processes in order to meet the challenges of time with high efficiency and timeliness. Consequently, various factors like time, availability of raw material, coordination with various linkages like suppliers, distributors, warehouse, retail outlets etc. become hugely critical iss ues that need to be incorporated for higher performance. Porter (1985) strongly asserts that efficient SCM is vital ingredient of value chain that facilitates business activities to gain competitive edge. In the current dynamics of contemporary global business, goods are highly sensitive to pricing and changes. Effective SCM enhances operational efficiency within and outside the firm to meet the challenges of the fast changing requirements of the customers. Moreover, increasing efficiency and cost

Ethical and Psychological Egoism Essay Example | Topics and Well Written Essays - 750 words

Ethical and Psychological Egoism - Essay Example Egoism states that people act in their own self-interest. Psychological Egoism contends that people always act in their own self-interest, while Ethical Egoism states that people 'ought' to act in that fashion. Unlike Kantian ethics, which gives us a choice that is driven by its own moral good, Psychological Egoism leaves the actor no choice. It strips free will and turns our decisions over to a primal need to be self satisfied and self-fulfilled (Moseley 2006). Accordingly, every action we take is in our own self-interest. Psychological Egoism has been rejected as a theory because it can not be proved, its opposite can not be disproved, and it is a closed theory. If every action we take is in our own self-interest, then no matter what we do we simply justify the action by altering the definition. Every action is driven by self-interest. Therefore all self-interest actions are actions and all actions are actions. It becomes a tautology and a closed theory. It has a weak version that allows for altruism. However, it disproves itself by stating that: A. All actions are self-interest and B. Some actions may be altruistic. If B is true then A is false and vice-versa. Ethical Egoism states that we 'ought' to act in our own self-interest. This theory allows man to make a choice and only dictates what the choice 'should' be. It allows for emotion, judgment, and free will. Capitalism, as described by Ayn Rand, is based on Ethical Egoism (Bass n.d.). It contends that there is no greater good or larger entity outside the self. It also allows for altruism as a self-serving action. The strong version states that it is always moral to act in self-interest and it is never moral not to. The weak version allows for a situation where not acting in your self-interest may be moral. This could include selflessly helping an accident victim or sharing your money with the poor. The Ethical version of Egoism states that we should always act in self-interest. If we follow the philosophy, we would always act in self-interest and would be acting in the same manner as the Psychological version, which says we always do. However, the difference lies in the Ethical version's allowance for man's judgment. It is not driven by a deep psychological force, but rather by thought and reason. These are the contrasting motivational forces behind the theories. This difference is apparent when we are faced with a decision. According to the Psychological version, there is no decision to be made. We will take an action and it will be defined as self-interest. Ethical egoism gives us a choice. Its advocates believe that what is good for the individual is good for the family, country, and world. It is this belief in individual attainment and satisfaction that supporters say fuels capitalism. Critics of Egoism contend that it leads to greed, avarice, and exploitation. Psychological Egoism, besides its unprovable circular logic, is faced with another problem. As Crouch (2007) says, "If our egoism is subconscious then we cannot even know by deep introspection if our actions are motivated by self-interest". Ethical Egoism is more generally accepted because it allows actions that may not be in self-interest. It also accounts for the definition of self-interest. Taking a friend's money may seem to be self-interest, but the consequences are not. The Ethical version

Constantan and Copper Essay Example for Free

Constantan and Copper Essay This crystalline therefore will not be able to hold the amount of stress which will be exerted by the weights slowly being added on; however we can predict that the copper element will face much stress and therefore will experience necking as the atoms as shown in the diagram will dislocate the atoms and therefore they can slide past each other more easily, consequently resulting in the fracture of the material. Copper is generally by itself very weak that is why it needs to be hardened and strengthened for many industrial applications. It is therefore mixed with other metals and melted. When carrying out this experiment I deem that as the number of weights is increased for copper, this will slowly exert pressure and the molecules will slowly pull apart as the bond will break between the molecules. The material will reach its elastic limit, where it has reached its point where by after if any more weights are added then it will deform and not return to its original state. Here is a diagram below which illustrates this: (Image extracted from physics textbook) The equations that I will acquire in this investigation to find out the aim, which is to find out youngs modulus of both materials through drawing of the graphs from the results I will need to use the following equation as this is what will aid me achieve this part of the aim: From my graphs, I will find out the gradient and therefore be able to work out youngs modulus by the formulae above. I believe that youngs modulus for constantan will be high because I consider from the evidence provided that it will be able to take more strain then the copper (crystalline). I deem this simply because constantan being an alloy can take more of a load then a pure metal. Here is a typical example of a stress train graph: (obtained from my physics textbook) Fair test:   Test the wire to get an average; I will do this three times. All of my figures will be to three significant figures.   I will carry this out on the same day in the same conditions, using all of the same apparatus. I will keep the metre stick stuck down to the table and not move it, so that it wont affect my results, when marking off the extension. Apparatus: I will be using the following:   Pulley   Metre ruler and a marker   Mass weights and actual storage unit   Wooden blocks to hold the wire in place   A G clamp. Safety: I will ensure that I keep this a safe experiment by: Keeping the cardboard over the wire, as when the wire snaps the wire would not suddenly lift up and cause any danger.   I will also make sure there are not people crowding the experiment when it is being carried out, as the weights can cause danger if they fall. Results: I have entered the results I have been given into Microsoft excel. From this the extension I have been given, is given in mm, but in physics we have to convert mm to metres. From the materials given I would find out the area of the wire as the area can depend on the wires, as they can have different thicknesses. Diameter: 0. 37mm The cross sectional area: pi r^2=1. 07510-7m2 To find the out the cross sectional area I simply had worked out the radius, which was 0. 000185, I achieved this figure by dividing the diameter (0. 37) by 2000. By calculating this I was left with this figure. I will need to find out stress over strain which will give me youngs modulus. Since the length of the wire is 2. 1metres this will be used to find out the strain. Here are my results for copper: Here is my table of results showing results from the copper wire. I have worked out the stress and strain which therefore simply allowed me to work out the youngs modulus of copper, and this I have shown on the computer. I have also shown the table showing the formulae I had input in the cells in Microsoft Excel. I have shown this below, in the last four columns where I had input the formula into the cells to aid me to work out youngs modulus of copper. I have shown the results I had obtained for copper above, now I will produce a table showing the results I achieved for constantan the alloy which I believe would have a higher youngs modulus then copper. I had used the same length of wire which is 2. 1metres as I made sure this was a fair test when conducting the experiment. I have worked out the cross sectional area as the same in the procedure before. Here are my results for constantan: Diameter: 0. 3510-3 Area: p r^2:9. 621010-8 m2 Here are my results stated above showing the results from the constantan wire. The results show the youngs modulus for constantan at the given force. Below is the formulae table showing the formulae which were input into the cells from stress and strain. When simplifying these results it will be evident I belie that the constantan wire will have the higher youngs module, and this will be clear in the graphs I produce. I have now simplified my results so that I can easily plot my graph from these results. I have made them show the stress to the power of 10 to the 7, and strain which is ten to the power of minus three. Here are my two tables: Results for constantan (for graph) Stress Nm times 10 Strain Youngs Modulus times by 10 (times 10 )   Stress Nm times ten Strain (e/L) Youngs Modulus times by ten times by ten Analysis: In this experiment my aim objective was to find youngs modulus from copper and constantan wire. I have shown this by taking the first step which was to produce the results table, and from this I have plotted the graphs showing the force against the average extension. Observing my graphs you can see that I have plotted two separate graphs showing force against the average extension for both materials. Furthermore, you can also see that I have created the graphs showing stress-strain for copper and constantan. This graph typically shows youngs modulus. The wires had reacted to the weights in the way that I had expected as I predicted that constantan wire will have the higher youngs modulus and is more tough typically because it is an alloy which contains 40% nickel which makes this element extra strong, whereas the copper is a pure metal and will not be able to take the strain of the load and this is proven as the copper wire could only take 24N as it broke, whereas constantan wire could take almost double the amount 42N. This illustrates that constantan wire needs more force to extend the wire; whereas copper is a material which is frail and would extend by a suitable weight which puts strain onto the material. We can perceive that copper is more easy to stretch by the information I have produced in the table as at 20N it had an average extension of 0. 013 metres, however constantan wire if what my theory is, then I believe that at 20N, constantan should have a smaller average extension then copper has. Looking at the table, the average extension for constantan at 20N is 0. 006 metres. This proves my theory correct as these two results show the difference between the two materials instantly. We can now say that constantan is more tensile, as an alloy it has an enables the dislocation of the atoms which help grip the structure together and therefore give it the property of being tough, this is explained in my diagram I have drawn on page 3. I believe that the atoms in the pure metal copper, had displaced and therefore become unstable when the load was placing strain upon the wire. This would ultimately, make the atoms move out of position and break up, resulting in the wire shattering. This is why when the copper wire had reached its maximum load which was 24N, the atoms had suffered a permanent deformation in the arrangement as they would have been changed in their formation, but unable to move back. This is the same principle with the wire, as it was being stretched and the atoms moved out of place, but the load was greater then the elastic limit could handle and this is why there is a permanent deformation where the wire does not return back to it original shape and changes length, resulting in the increase in extension. In the constantan wire, this would be identical however the atoms would be harder to move out of place, as this material can handle far more load then the copper wire could. So at the same weight (24N) this wire would still return to its original shape because it is in its elastic state. However once it exceeds it elastic limit, then the wire loses its formation of atoms and does not return to its original shape. Here is a graph showing elastic and plastic locations in this graph, this is a way of working out youngs modulus, or by working out the gradient of a graph. I have also found a diagram from my physics textbook, which shows the general yield stress for materials including copper and constantan. By observing the diagram this will give further evidence for my analysis upon the results I have achieved: What each of my graphs show:   My first graph shows force against the average extension for the copper wire, this graph shows that the average extension had increased with the force, however only to a certain point, as this remained elastic from 0N to 24N. After this remained plastic, where the wire could not handle any more load and had shattered. My second graph shows force against average extension for constantan wire. This wire indicated through the graph actually can handle much load, and it has a very large elastic region, as this alloy is very tough, therefore can handle large amounts of weights. This wire could handle 42N however after it then remains plastic, and broke.   The third and final graph illustrates further insight into the youngs modulus of copper and constantan wire, as I have plotted the two materials on the same graph. It is indicated that constantan has a higher youngs modulus compared to copper material. This is because copper can easily be shattered as it stretched very much compared to constantan. The gradient is smaller compared the constantans, which means copper has the smaller youngs modulus because it is a metal and nothing stronger whereas the constant material has elements such as nickel which gives it the strength it requires to dominate copper. Evaluation: I perceive that this experiment was completed under fair conditions as this was kept a fair test at all times. I believe that repeating the experiment three times, had made this fair and given the accuracy which was needed. I had made sure that the materials were used to 2. 1 metres in length and had the same diameter. However, the errors which appeared in this experiment (uncertainties) are where when measuring the wire of the constantan or copper I had rounded up or down the value depending n whether it was greater then X. 5 or below. In my graphs, this is shown as these have been drawn in for average extension, so there is an uncertainty error of about 0.5mm. Another uncertainty spotted I believe is where I had calculated youngs modulus on the graph, I plotted a line of best fit. The line of best fit was drawn in hand by me, however this line can cause uncertainty as this is based on human error and accuracy as everyone will have their own judgment and perception when drawing the line of best fit. Furthermore, I can see that my line of best fit is not totally wrong as looking at the young modulus of copper which is 3*10 to the power of 10, and constantan 6. 40 to the power of 10. We can see that constantan youngs modulus was said to roughly double coppers youngs modulus value, and this is proven by these two figures given. We can see that these two figures are nearly double in difference therefore they seem to be correct. When measuring the wire with a metre stick I found there were an uncertainty of 0. 5mm, and an uncertainty of 1% with the weights. The experiment in general had gone according to plan. Im pleased with what I had found out through the results as I believe my prediction was correct and backed up by the results from the graph I had achieved. I believe that repeating the experiment three times meant that I had accurate results as from the average extension I plotted the graphs. Concluding this experiment I had found out that constant had the higher youngs modulus due to it being an alloy and containing the 40% of Nickel which gives it the strength property. Copper however, had been more flexible being a pure metal the atoms were easily dislocated and this resulted in copper breaking very easily as it had a small elastic limit. Improvements-IF TO DO IT AGAIN. Bibliography:I had obtained information from the following resources: o AS physics textbook: I had found this source extremely interesting and useful as much of the diagrams I had used came from this textbook, which explained the comparison between the pure metal and alloy. This textbook had given much information which was relevant to this coursework. 8/10 o AS physics CD-ROM: I had achieved the diagrams mostly from the CD ROM, this CD had many diagrams which were useful, however this did not contain much written information which was useful and could aid me with this coursework.6/10 o Internet: I found that the information from these sources seemed very reliable and information I had gained, helped me understand the complex issues with the relation of physics to youngs modulus. I had obtained the various information I have included on the background information on the sensor from the following Internet sites: o http://www. emsl. com/tensile_strength. html o http://www. encyclopedia. com/html/Y/Youngsmo. asp o http://hyperphysics. phy-astr. gsu. edu/hbase/permot3. html.

The History Of Mahindra And Mahindra

The History Of Mahindra And Mahindra K. C. Mahindra is the person who established Mahindra and Mahindra when he visited United States of America as Chairman of the India Supply Mission. When he met Barney Roos who invented general purpose vehicle or Jeep who was the inspiration for K. C. Mahindra. K. C. Mahindra Brothers joined with Ghulam Mohammed. And Mahindra Mohammed was set up as franchise for assembling jeeps from Willys, USA on October 2nd, 1945.After Two years Mahindra Mohammed changed its name to Mahindra Mahindra. Mahindra Mahindra grown in size and stature and it also occupied a premier position in all key sectors of economy. Mahindra Mahindra group is engaged in an ambitious and prolonged penetration into the global arena. DIFFERENT VEHICLES IN MAHINDRA MAHINDRA: FIG a: Indias first Prime Minister.   FIG b: Mahindra Scorpio A passenger in the past FIG c: The electric car of Mahindra and FIG d: Mahindra tractor. its name is Mahindra REVA. FIG e: Mahindra Jeeps are used FIG f: Two wheeler model in Mahindra Mahindra for daily transport in Agra. and its name is Mahindra Flyte. The company encapsulated its ambition, spirit and inspiration from golden words of Pandit Jawaharlal Nehru: The woods are lovely, dark and deep,   But I have promises to keep,   And miles to go before I sleep,   And miles to go before I sleep. The golden words are translated into many more milestones to be set up before it rest. Today, It has evolved into a premium SUV(Sport Utility Vehicle) and MUV(Multi Utility Vehicle) with a large number of cars in the Indian car market. Today in the Indian car market we can see three types of Mahindra cars they are Mahindra Bolero, Mahindra Maxx, Mahindra Scorpio. In the present scenario Mahindra Mahindra total turnover is of about 6 billion dollars. Organization analysis: Mission/Vision Goals and Objectives Strategy followed Vision: Indians are second in the world in manufacturing automobiles. The founders of our nation and our company passionately believed by us. We will prove them right by believing in ourselves and by making MM Ltd. known worldwide for the quality of its product and services. And its new innovations. The important goal of Mahindra Mahindra is to provide highly technological innovative product and services . E-business Initiatives and by out sourcing of technology Products that redefined the market By 2015 Mahindra Mahindra wants to enter almost all continents in the world. Joint ventures, acquisition and merger with different players in other countries Foreign competition. Mission of Anand Mahindra: We dont have a group-wide mission statement. Our core purpose is what makes all of us want to get up and come to work in the morning. Mr. Mahindra awards: Rajiv Gandhi Award 2004 for outstanding contribution in business field. From President of French Republic as Knight of the Order of Merit. In the year 2005 from Auto Monitor as Person of the year. From American India Foundation 2005 Leadership Award for his, and the Mahindra Mahindra group for its commitment to CSR(Corporate Social Responsibility). CNBC Asia Business Leader Award for the year 2006. Business Man of the year 2007 from Business India. Business Leader of the year 2009 by Economic Times. Miles stones of Mahindra Mahindra: In 1948 Mahindra Mahindra LTD associated with UK for Steel trading business. In 1957 Mahindra Owen established- a joint venture with Rubery Owen Company LTD, UK. In 1969 the Company entered the world market which exports utility vehicles and spare parts. In 1975 Mahindra Engines developed an diesel engine for its vehicles. In 1982 the Mahindra brand tractors were launched. In 1986 Tech Mahindra (formerly known as Mahindra British Telecom) is established. In 1994 Mahindra group created 6 Strategic Business Units they are: Automotive or Automobiles, Trading, Farm Equipment, Infrastructure, Financial Services, Information Technology(earlier it is Telecom and Software) and Systech(earlier it is MSAT). In 1999 Mahindra group launched a 3-wheeler vehicle which is environmental friendly, a battery-operated. In the year 2007 Mahindra group focused on health and the environment. It launched Mahindra Hariyali, which aims to add 1 million trees to Indias green cover and it also launched Lifeline Express. In the year 2007 Tech Mahindra LTD launched Tech Mahindra Foundation on June 13th 2007. These are the some of the milestones of Mahindra Mahindra groups. FOUR Is of Mahindra Mahindra: The four Is: INNOVATIONS. INFRASTRUCTURE. INVESTIMENT. INSTITUTIONS. INNOVATIONS: Mahindra Mahindra is one of the top industry in India. The director of the Mahindra Mahindra Anand Mahindra put innovation is the core of its growth strategy. The radical innovation is successful in managing the balance between the structured processes and the creation of an environment. According to this MM group: Innovation should start with the insight about customer, which the Mahindra Mahindra group found by going to fields and observing the lives of farmers. And this group found that the tractors were used for personal use. The Mahindra Mahindra group encourages the experiments. The new inventions should add value to companys bottom line that is nothing but profit. The important point is that great products should have great design. Thus Mahindra Mahindra took this initiative and made the culture of innovation. INFRASTRUCTURE: The Mahindra Mahindra infrastructure is a JV between Mahindra Group and International Finance Corporation. It works close association with global companies to bring world class technologies and practices. It mainly focus on ownership, development and management of infrastructure projects. It is becoming the leading infrastructure developer in the country. INSTITUTIONS: The Mahindra Mahindra group is placed in all sectors like Telecommunications and it is named as Tech Mahindra. Software, Mahindra Mahindra came to software field after buying Satyam company and it is named as Mahindra Satyam Mahindra Mahindra also has its recognition in the Infrastructure and it is named as Mahindra Infrastructure Developers. In this it also have holiday resorts it named as Mahindra Holidays and Resort LTD (MHRIL) Mahindra Mahindra is one of the top industry in India for automobiles and it is the starting point of Mahindra Mahindra company. Mahindra Mahindra also involved in financial sector and its name is Mahindra Mahindra Financial Service LTD. Mahindra Mahindra Group also have Mahindra Special Services which was established in 2001 as a separate division in Mahindra Mahindra. Mahindra Mahindra also have Mahindra Defence Systems which oversees the requirement of Indias Defence and Security forces. INVESTIMENTS: Mahindra Mahindra group have shares in many companies. Presently Mahindra Mahindra Group want to acquire Ssangyong and expand its business in international market. But on other hand, its investors are quite suspicious regarding the investment. In the past Mahindra Mahindra Group made many Joint Ventures and acquisitions and it has forayed into different sectors of automobiles like light, medium and heavy commercial vehicles. It also ambitious to acquire two wheelers also. PESTEL ANALYSIS ON MAHINDRA MAHINDRA: Many factors in the environment that affect the organization are: Tax changes. Trade barriers. Government policy changes. New laws. Demographic change. These are the some of the macro changes. Thus to analyze these factors we categorize them using PESTEL analysis. The PESTEL analysis includes Political, Economical, Social, Technological, Ecological, Legal factors. Political Factors: This is a Government policy which includes what are the goods and services does a Government want, to what extent the government can subsidize firms and its priorities in political decisions and business support. The factors related to Mahindra Mahindra group: For Mahindra tractor industry the Government laid stress on mechanism of agriculture to boost food grain production. Change in Taxation policy. Regaining Agricultural dynamism is the key goal in eleventh Five year plan. ECONOMICAL FACTORS: The Economical factors which includes taxation change, inflation, interest rates, economic growth and exchange rates. The factors related to Mahindra Mahindra group: Cost of tractors in India are more cheaper when compared to other countries. 95% of tractors are on credit based. For agriculture inputs Less interest rate charged by the banks. Social Factors: As the population increases the demand on goods get increased. Thus there will be demand for firm products and industry. As there is increase in awareness in farmers there is a need technology and thus there is a requirement of tractors and farmers can buy tractors on credit bases. To meet the farmers demand the mechanized operations are preferred to eliminate delay, also labor shortage. The other main important thing which Mahindra Mahindra do for its long-term sustainability is CSR(Corporate Social Responsibility). Mahindra Mahindra group spend Rs. 1.3 crore it is head donation in its annual report. Its activities include K. C. Mahindra Education Trust which provides education at various levels. There is another program for helping unprivileged girl child at the Mahindra foundation it is Nanhi. This are the main things which are done by Mahindra Mahindra group for its long-term sustainability. The Mahindra Mahindra also have its own foundation as Mahindra Foundation which was set up with a specific objective that to provide medical relief to poor people. The Mahindra foundation always very responsive to any major disasters whether it has been taken as tsunami or the Gujarat earthquake, it provided support either by financially or by sending vehicles, supplying manpower or material. Technological Factors: Increase in new Technology can create new products and process which can reduce the cost, improve the quality, lead to innovation and also reduce the life cycle of the product. This technology will benefit consumers as well as organizations. The factors related to Mahindra Mahindra group: Continuous technological innovation. Continuous improvement in technology will reduce use of Renewable energy development. Ecological Factors: It include weather and climate change. The major climate changes occurring due to Acid rain, Green-house effect, Global warming thus it is becoming significant for the firms. Thus because of this impact environmentally friendly products and processes have more demand and also creating business opportunities. The factors related to Mahindra Mahindra group: Global Warming. Mahindra group is trying to release electric cars to reduce the pollution and also reduce the usage of renewable goods. Legal Factors: Legal factors are related to legal environment. In recent years the developing countries changed the Legal factors which affected the firms in other countries due to globalization. The legal factors related to Mahindra Mahindra group: Agricultural policy Collaboration with government which shapes policy issues. SWOT ANALYSIS: SWOT (Strengths, Weakness, Opportunities, Threats) of Mahindra Mahindra group Strengths of Mahindra Mahindra group: Mahindra Mahindra is one of the top players in the world in terms of number of tractors sold. This itself shows that Mahindra Mahindra market share is the biggest strength of the company. It also have highest domestic share. The some other strengths of Mahindra Mahindra group: Product portfolio of Mahindra Mahindra got extended from 20hp to 30hp. There is government support for Mahindra Mahindra Group.A Availability of technically skilled people from JTC (Jiangling Tractor Company). For its next stage of expansion Mahindra Mahindra have a strategy. It not only focus on new products, it also have a programme of intensive management development to establish its leader for future. The major strength of Mahindra Mahindra is it have ability to introduce new products and process in to the market and also can generate sales for those new products. Weakness of Mahindra Mahindra group: The production is non-competitive because of high interest costs and overheads. Infrastructure of this group is Bottle neck. The companys passenger cars are based upon 3rd and 4th generation platform. In this group there is lack of efficiency for new plant layout. Another weakness of Mahindra Mahindra is multi franchise. In Mahindra Mahindra there is no effective dealership. The MM is mainly dependent on rural sector, the rural sector mainly depends on monsoon. Thus if there is bad monsoon for two consecutive years which leads to adverse impact on demand for tractors. Opportunities of Mahindra Mahindra group: Rural demand is increased. Income level is increasing. Ban for overloading of commercial vehicles. With the support of local partners there is an easy entry to Chinese market. The Mahindra Mahindra will be more competitive in Chinese market if they provided after sales service. To get more demand the Mahindra Mahindra group should export Chinese range tractors to India and Indian range tractors to China. Mahindra also entered in to software field after buying satyam and renamed it as Mahindra Satyam. Threats of Mahindra Mahindra group: Input cost got increased. Competition also increasing. The most important threat of Mahindra Mahindra is legal consideration. In China the Banking facilities are undeveloped. The MM also involved in different fields like holidays, telecom industry, financial services and resort etc. Which should have good subsidiaries from time to time if these are unmanageable this will divert the companys attention from its business which leads to destruction of shareholders value. Mahindra Mahindra will face more competition if the foreign players enter in to the tractor segment because these foreign players are technically more competitive when compared to MM. CONCULSION: Thus according to research on Mahindra Mahindra Group it shows that the company uses the Strategic Key points in the external environment for long-term sustainability and sustained success. It is the one which encourages the new ideas and also have plan to sale the new product in the market. This company is the one which try to develop new products for consumers. Mahindra Mahindra company is also socially responsible it give 1.3 crore only from its annual report for helping poor and unprivileged girls. Which shows that the company not only think about its profits but also feel the responsible about our country India. It is that which also do international trading with other countries. It also have a clear vision and goal which shows the dedication of the company. The mission itself says that it is not thinking about profits but it want develop ourselves. Mahindra and Mahindra tries to develop the new products which do not harm the environment and save the renewable reso urces example MAHINDRA REVA which is an electric car. According to research it shows that Mahindra Mahindra is one company which is respected and trusted by consumers and it is the top industry in INDIA. .

The Search for Wisdom Essay -- essays research papers

The Search for Wisdom Wisdom, as defined in the dictionary, is "the sum of learning through the ages; knowledge". Plato's Socrates indicates that wisdom is the acknowledgement of ignorance. This statement may be hard to prove as true. If a deaf and dumb man came to realize that he knew nothing, because he is not able to learn it, does this make him wise? I do not believe so. Then, if a prominent professor who has studied for years and has learned many things, comes to believe that he is ignorant to the true ways of the world, does that make him wise? Possibly so. So, what is the difference here? The difference is knowledge. I believe, and the dictionary points to the fact that, one must contain a great deal of knowledge to be wise. In Apology, Socrates says that "What is probable, gentlemen, is the fact that the god is wise and that his oracular response meant that human wisdom is worth little or nothing..." This statement comes from Socrates after he has searched Athens for a person that was wise. It may be true that his god was wise, as gods are usually all-knowing beings. But what makes a god wise? It must be his knowledge of all earthly things. Then, why is human wisdom worth little or nothing? It may seem like human wisdom is worth little or nothing in comparison with the wisdom of the gods, though in comparison to other humans, why should human wisdom be worth little or nothing? I believe...

Death of Mrs. Mallard

Causes of Mrs. Mallards Death After reading Kate Chopin’s â€Å"The Story of an Hour†, readers are left in wonder as to what ultimately resulted in the death of Mrs. Louise Mallard. While the very end suggests heart disease as the culprit, further analyzation of the story points towards a few other, deeper and slightly more complex causes. The first thing we learn about Mrs. Mallard is that she has heart trouble. This heart trouble turns is both mental and physical and is both within her body and the relationship with her husband, Brently Mallard. Her heart trouble is what makes the announcement of Brently’s death so threatening to her.Someone that has a weak heart would not be able to deal very well with such news. Therefore, the fact that Mrs. Mallard has heart problems proves to be a significant cause of her death. Another contributing factor in Mrs. Mallard’s death may have been the reporting of her husband’s death. Mrs. Mallard’s sister, Josephine, announces that Brently was killed in a train accident. Mrs. Mallard’s reaction is not the same as a normal woman’s would be â€Å"with a paralyzed inability to accept its significance†. Instead, she weeps immediately, afterwards retiring to her own room. The news of Brently’s death reveals to Mrs.Mallard her freedom from the oppression she probably experienced while married to Brently. The good intentions of Josephine might be another cause of Mrs. Mallard’s death. Josephine is the person who informs Louise of the bad news. Josephine tells Louise in broken sentences. Later, after Louise retires to her room, it is Josephine who is trying to check up on her, interrupting Louise’s realization and enjoyment of her newly found freedom. Together, they go downstairs, to Brently’s unexpected return and Louise’s death. The fact that Mrs. Mallard has heart trouble has an effect on the way that others have to treat her.Josephi ne’s awareness of her sister’s condition may have caused her to try and be as gentle as possible when informing Mrs. Mallard, but still contributed to breaking her unintentionally anyways. The emotional rollercoaster that Mrs. Mallard is thrown on is probably one of the bigger factors in her death. The news of her husband’s death is the first big drop on the ride. It is a huge shock to Mrs. Mallard. She grieves, but then retires to her room alone where she goes into deep thought. This is where she discovers that she is a free body and soul from marriage and her husband. Her newly found independence is forbidden to her initially.She tries hard to fight joy that came with her realization because she feels guilty. Then, she begins to embrace it. She is elated and exits her room with a new perspective on the matter. She comes downstairs to the return of her very not dead husband and is again shocked and faced with another huge drop. These high ups and low downs are emotionally tiring to Mrs. Mallard. They are not any help to the fact that she has a weak heart. The biggest cause of Mrs. Mallard’s death is when Brently returns. She has already come to terms with Brently’s death and is looking positively towards her new future as a free woman.She finds joy in this and Brently’s return rips her freedom away from her, resulting in her death from not joy itself, but rather the loss of joy from losing the freedom she was so fond of. There were many causes that went into Mrs. Louise Mallard’s death. Her heart condition, the news of her husband, Brently Mallard’s, death, her sister’s good intentions, the emotional rollercoaster, and her sudden loss of freedom all add up against Mrs. Mallard. In the end, Mrs. Mallard wasn’t strong enough to handle all of these ups and downs.

Evaluation Essay

Elan Brannan Evaluation Essay October 26, 2012 Toyota Camry vs. Honda Accord All across America millions of people search for a vehicle to keep them safe while driving. But that isn’t all car consumers look for, car buyers want style, comfort, and most importantly a smooth calming ride. For many years consumers have been comparing two top rated cars, the Toyota Camry and the Honda Accord. Both cars excellent in ratings all across the board however, the Toyota Camry is the number one best safety pick in its class.Looking at both cars history one might decide to choose the Camry because of its long list of positives, but the Honda Accord in the recent year has stepped up the quality. The Honda Accord has improved seats, now with better back support along with more space and better views from the windows. All qualities consumers have come to love. The Honda Accord is the best overall sedan when compared to the Toyota Camry. At first look the design of a car can be intriguing and exciting. The Honda Accord does just that by offering sleeker and bolder abilities with the outstanding new technology. Both models offer Bluetooth, hands free calling and audio streaming but Honda has gone well beyond that, also offering SMS text capability, Pandora audio streaming, dual-zone climate control and an eight inch i-MID display†(Halverson). Honda also took the time to redesign the back seats. The seats are now higher so the passenger can have an easier time looking out the window. The 2012 Camry was redesigned to compete with the Honda. Camry’s have always looked boring compared to the bold design of an Accord. According to Halvorson, although the changes were so subtle and evolutionary they might not have even been noticed.The new 2013 design of the Accord does look a slightly more exciting and better proportioned on the outside, with more of a premium look inside. The design of the Camry has put itself back in the race with the Accord. With a better look maybe more customers are stopping to look at the Camry instead. The design of the Honda Accord speaks for itself but there are more advantages car buyers want to take a look at. Fuel economy is another big factor when buying a car. The Toyota Camry beats Honda in fuel economy, a whopping 43 mpg city and 39 highway however, the Accord offers a lot under the hood. The Accord earns an excellent 27/36 mpg with its new direct-injection four-cylinder and continuously variable automatic transmission (CVT), while the four-cylinder Camry gets 25/35 at best. V-6 Accords are especially smart and efficient, with ratings of 21/34, while Camry V-6 models stand at 21/30†(Halverson). For someone who likes a little bit more edge when driving, the Honda is a better choice. When looking at the hybrid models Honda does not yet have anything planned to release to the market until 2014 but they are expected to do well.Camry is not the leader in hybrid cars but they are doing very well right now. Ne vertheless comfort is always must! A comfortable ride can be a deal breaker. Whether it is commuting or taking the kids to a soccer game the new back support technology and more space for your legs is making this car seem perfect. Also, the Honda Accord offers noise control to keep all of those outside noises out for an even more comfortable drive. â€Å"So they’re among the better choices for carrying adults in the back seat.With its rather low beltline and a little more slide glass, the Accord offers a slightly better view outward for those in back-possibly eliminating the need for Dramamine†(Halverson). As for the Toyota Camry, it was proven to be the overall best drive, when it comes to bumps and being on the freeway. The Camry does not have noise control but it does have insulation proven to make the car ride less noisy and the car ride feel more peaceful. Both cars come so close in quality but what about quantity. Which one costs more? Every car can have all the bells and whistles but what is that going to cost?The Honda Accord wins here too, but not by much. The price for a 2012 Honda Accord is $21,680 and the Toyota Camry is $22,055. Looking at both cars they compare quite nicely. Although there are many similarities, the differences are what set these two cars apart. The Toyota Camry is a smoother ride, safer and its fuel economy is amazing. The Honda Accord offers more technology, comfort and better driving capability. Both cars have been recently redesigned and have added upgrades. The Accord is a better car because of its less expensive price and complete package of a car.There is nothing this car doesn’t offer. Yes, the Camry does go beyond safe and reliable but the Accord is not far behind. For the price of a Camry you’re getting safety, but for the price of an Accord you’re getting safety and style (Halverson). Overall the Honda is a better car; the company offers more amenities as well as a more modern feel. B y offering more space and different technology the Honda wins best overall car when compared to Toyota Camry. Works Cited Halverson, Bengt. â€Å"Toyota Camry vs. Honda Accord Compare Cars†. The Car Connection. N. d. September 11, 2012. October 24, 2012.