Questions for the Project ( B2B project) and Analysis the company of Essay

Questions for the Project ( B2B project) and Analysis the company of luminultra Company in the upstream oil and gas - Essay Example The upstream segment involves the extraction of gas and oil as well as the shipping of those raw materials to be processed. To gain traction in the industry, LuminUltra ensures that the early adopters remain a small number of consumers, nowhere near the quantity required for mass adoption. Similarly, these buyers must be youthful, high-income personnel who already can afford the services. It is expected that the early adoption be centered in locations that are primarily effective in terms of infrastructure. On the other hand, the innovators tend to be extremely sensitive to matters concerning the environment, price sensitive, and there are chances that they are accommodated specifically according to their capability and effort. Ultimately, mass adoption is often motivated by the expansion of competitive offerings. Consumers coming on board are referred to as early majority and includes those consumers whose probability to buy the services after the early adopter consumers are high. . .. It is logical to argue that the complexity of the marketing messages makes it very broad to handle at some points in its operations. In the mainstream customer support, the target consumers consist of several realists. When the company starts to develop its communication efforts, it should centralize the fact that realists are skeptical and care less about the oil and gas products or the technologies related to them. Instead, such realists concern themselves with the company and the markets. Its message should position the rest of the products in relation to the specific business issues that realists consider precedence in their market segment (Lemstra, Hayes, Stanley, Heijl, & Tuch, 2011) Apart from changing the audience and the message itself, the company should bear in mind that the realists seek diverse types o evidence using the media very dissimilar from that of the markets earlier. Since realists are market-oriented, they are directed by market validation as opposed to technol ogy validation, seeking the most cost-effective manner in which to address their business-related problems. Disregarding this fact will possibly prevent the company from crossing the chasm to the mass market. Most information is obtained basically from esteemed industry sources like publications and industry analysts. Successfully, the company has to develop beyond mainstream customer support. At this point, the marketing messaging effort must become much sophisticated than before. In this sense therefore, they will necessitate increased involvement from specialists such as PR firms, advertising agencies and designers. Lastly, the company’s message must make its way

Loyalty and Rome Essay Example for Free

Loyalty and Rome Essay The Roman Empire lasted so long due to various things. These include the establishment of a hierarchical government that enabled a system of checks and balances, the implementation of laws and taxes, a strong army, creation of institutions, and many different privileges and incentives for not only the people of Rome, but also those who were conquered and wished to become Roman. Amongst these things, there was an underlying commonality: loyalty. With loyalty came many personal relationships. A loyal government, a loyal army, and loyal people equates to a great empire. When that loyalty disappears, the effects can be disasterousl. Julius Caesar one of Rome’s most notable emperors depended heavily on loyalty and personal relationships. Within Caesars War Commentaries Julius Caesar describes how his personal relationships with people within and outside played a major role within the empire and influenced many of his decisions. From â€Å"Caesar’s War Commentaries† it is clear to see that he was a very practical emperor and planned his every move carefully with a great deal of consultation. To quickly summarize, in this particular excerpt, Caesar needs to feed the army in time, but food is being held away and people within and outside the empire are resisting to aid as they would usually do. He calls a meeting and to his surprise it is revealed that someone close to him and the government has been opposing him. Being the kind of Emperor Caesar is, he made the wise decision to privately question Liscus about what he had just informed him. Liscus of course is someone close to him and that he trusts. He discovers it is Dumnorix, brother of Divitiacus. Caesar wrote about his relationship with Divitiaus. He wrote â€Å"I had come to realize the very high regard which his brother Divitiacus entertained for Rome and his personal devotion to me. He was a man of unswerving loyalty.† Caesar worried that â€Å"there was a possibility that the execution of his brother might alienate his goodwill.† Being that they were close, Caesar goes to him personally and gives him options to choose from concerning the actions to take against his brother. Divitiacus, when expressing his apologies asked for nothing to happen to him. Because of Caesar’s â€Å"high regard for him his prayer should be granted and the insult to Rome as well as my personal grievance forgiven.† If it were not for the personal relationship that Caesar with Divitiacus, and the loyalty that Divitiacus had for Rome and Caesar, surely the situation would have played out differently. Other situations to point out within this excerpt, is that with Domnorix trying to rise to power, the people who were loyal to Caesar and trusted him, were now going against him. Not only was loyalty lost, but also respect and a sense of power for the Romans. Caesar’s excerpt can be used as an example as to what can happen, when these relationships are tarnished. This is why the Romans, while conquering and expanded made sure to secure loyalty. The loyalty was secured in many different ways, which included the system of checks and balances, institutions within the Roman and non-Roman cities, and privileges for its people. To conclude, Rome as an Empire valued the loyalty and the personal relations acquired. Julius Caesar one of Rome’s notable emperors used this as he ruled and this is seen in â€Å"Caesar’s War Commentaries.†

Is Modern Britain An Unequal Society?

Is Modern Britain An Unequal Society? Britain is often described as an unequal society however the accuracy of this statement is regularly debated because; the term inequality is very vague as individuals often have opposing views when searching for the meaning. Due to the ambiguity of the word unequal I am going to be approaching the question is contemporary Britain an unequal society from a sociological perspective in order to best describe and explain social inequalities in Britain. The term social inequality from a sociological point of view means a lack of fairness between different groups of people living in society. Through this definition we are able to identify three main categories, in which social inequalities are divided, this occurs through gender, class and race which will be highlighted throughout my essay. The main focus of my essay would be based on the Marxist and Feminist views as they set the foundations to best describe and explain social inequalities. However, there are other sociologists whom also study this topic; therefore I will be examining their views very briefly. Another form of social inequality that occurs in Britain is class inequalities; it is difficult to define this because in contemporary society class is fragmented. However, in order to fully understand class inequalities the concept must be operationalised. There are various sociologists such as Carl Marx who define class inequalities as a group of people who stand in a common relationship to the means of production. Although class is often perceived as a dynamic, fluid, always changing, in Britain there is still a clear class structure in which class is divided. This class structure is often compared to a pyramid which consists of three levels; these are the upper class, middle class and working class, this arrangement is known as social stratification, whereby each level of the formation has distinguishing features in terms of skills, status and income. The upper class consist of a small proportion of members of Britains population; these groups of people tend to have ascribed stat us such as the royal family. However members of the upper class with achieved social status are professionals with high status jobs such as property owners and employers. The middle class are employed in profession, managerial and administrative jobs for example lawyers, these groups of people are often described to have an intermediate class situation. The working class consists of the highest proportions of people in Britains population, the working class members are found at the bottom of the hierarchy, they have the low status jobs which include a complex division of labour. People from the working class groups tend to consist of unskilled workers who participate in manual labour. Although there are the three main layers in Britains class structure is divided the idea of the underclass also needed to be highlighted. This concept is developed by Charles Murray and is often used to describe a segment of the population located at the very bottom of the class structure in which they are marginalised from the rest society. Members of the underclass have very low living standard, they are thought to be relatively deprived therefore explaining why they have the highest rates of infant mortality. The majority of members in the underclass are unemployed and relay on the welfare state, as a result of this dependency the idea of the nanny state was developed. In correspondence to the idea of the nanny state these recent trends show that the top 10% earners get 27.3% of all earning whilst bottom 10% get 2.6%. This trend highlights that there is an unequal distribution of wealth as income is an important mechanism which measures a persons wealth, this therefore shows that social inequalities takes place in contemporary Britain. Marxist sociologist uses these figures to then develop their idea further. They argue that Britain is a capitalist society, whereby the bourgeoisies exploit the working class in order to benefit themselves. The process of industrialisation cause d capitalism to develop further because Britain has moved from a manual intensive form labour to a more capital intensive labour as a result of this development British is often refer to this as industrial capitalism. There is also a clear relationship between class inequalities and education. For example the educational system in Britain has been changed on several occasions in order to prevent inequalities between different social groups i.e. the increase in government expenditure in education allows people from deprived backgrounds to complete higher education for free therefore creating more employment opportunities for them. However, despite these changes class inequalities still exists in the educational system, for example the curriculum is said to have hidden engenders in which favours the ruling class. The reason for this is because the curriculum is made by the upper class therefore favouring upper class pupils for example English exams requires pupils using the elaborated code which is a form of speech which the upper class use therefore giving them a competitive advantage as the working class use the restricted code, this view is also reinforce by sociologist Bernstein. Another common feature of the working class background is material deprivation; as a result of this they are at a drawback in comparison to upper class pupils as they are unable to purchase resources such as extra text books to further increase their knowledge. There are also other areas such as housing and health that put the ruling class at an academic advantage. Another area in which social inequalities arises is through racial segregation. Race was traditionally referred to as fixed biological differences; however over the years this definition has been criticised. As a result of this contemporary sociologist defined race as a social construct based on the observed physical and cultural characteristics of an individual. Race is a term closely linked to ethnicity as ethnic groups are defined by their sense of sharing distinct culture. Ethnic minorities are also said to experiences inequalities, however due to the difficulty in separating the two terms I will be explain how racial and ethnic inequalities should be best described ant see if it still exists in contemporary Britain. There is a general idea that there is a racial division between black and white in Britain, it is argued that ethnic minorities have a minority status in society and are often perceived as second class citizens. However, in certain areas of Britain this type of socia l inequalities has been prevented because of legislations such as equal opportunities acts which protect ethnic minorities from being discriminated against giving them the same opportunities as the dominating groups. Despite the implementation of this legislation, covert racism still takes place. The concept that corresponds with this is institutional racism, where racionalised ethnic groups are systematically disadvantaged, it was recently highlighted in the media (BBC news) that institutional racism still occurs in contemporary Britain within the police workforce, the Macpherson report on the Stephan Lawrence case also show institutional racism taking place. The amount of ethnic minorities that have an established status in the political party is disproportionately imbalanced in comparison to the majority therefore suggesting that overt race/ethnic inequalities occur in British society. Although social inequalities still exist in contemporary Britain other parts of the world such as America are slowly developing, this was shown when the current president Barack Obama was elected. In Britain there is a negative racial stigma attached to African Caribbean families, one of the main reasons is because they have the highest proportion of single parent families. New right sociologist Charles Murray holds a strong view which states that single parent families are the main causes of deviant behaviour and the breakdown of society. On the other hand some sociologist argue due to the rapid technological growth in Britain the media has exaurate crimes that take place within the African- Caribbean community therefore leading to deviancy amplification as a result of this therefore policing within those area have been on the increase meaning they are more prone to getting caught for their crimes in comparison other ethnic groups. It is evidently clear that social inequality still exists in contemporary Britain; however different sociological perspectives explain social inequalities many ways and opposing views on its impact on society. For example functionalist have a positive view on social inequalities, they see it as an enviable part of society, this is because there are different social positions in society which require particular skills therefore, through theses inequalities the correct role allocation are set therefore benefiting society in the long run. Whereas, both Marxist and feminist theories have a more negative approach on social inequities and the effect it has on society. They believe that it has lead to an increase in exploitation of members in society therefore leading to social breakdowns. On the other hand post- modernist take a very different approach as they have a more contemporary view as they believe that the British society is changing as a result of this it is incorrect to say that social inequalities means one thing or social inequalities still exists because it is a complex phenomenon. Therefore in order to fully understand social inequalities we must take the three categories in which social inequalities has been divided into and identify the correlations which they have with one another because social inequalities means different to different people.

media avoidance Essay -- essays research papers

In my everyday life I use all sorts of media, they range from cable television, Internet, radio, and the newspaper. For myself media, is the form and technology I use to receive and communicate information. The different forms of media I was trying to avoid were cable television, the internet and radio. I figured if I could avoid those things I would be doing well in avoiding most obvious forms of mass media. What I realized as I began this whole experience this whole experience is that the mass media is an important if not the most important part of my everyday life. I use it for almost everything I do and it surrounds me. On my first day of avoiding the media, which was on a Saturday, my plan going into was not check my e-mail, not watch television and not listen to the radio. This was not as easy as I thought, that morning when I woke up my first instinct was to check my e-mail. After I couldn’t do that I felt all this anxiety that I was missing out on something. But I went without, and was able to get to work without reading the newspaper or listening to the radio. It was easy for me to avoid media at work because I work at Enterprise Rent-A-Car and all I do there is check people into cars and drive around the city all day. If I don’t turn on the radio when I’m driving cars then I pretty much avoid most media. The only problem I had at work is when I would be talking to some customers and they would be talking about things they heard in the news, sports etc†¦ and I could...

General Banking Perspectives: Dhaka Bank Ltd

1. Introduction Commercial Bank implies that banks devote most of their resources to meeting the financial needs of business firms. This institution offers the public both deposit and credit services as well as a growing list of newer and more innovating services, such as investment advice, security underwriting, and financial planning. In recent years financial institutions have diversified themselves to satisfy consumers and units of government around the world.The result is the emergence of a financial institution that has been called a financial department store because it satisfies the broadest range of financial services needs in the global economy. The importance to commercial banks may be measured in a number of ways. Banks are still the principal means of making payments, through the checking accounts, credit cards, and electronic funds transfer services they offer. Banks are important because of their ability to create money from excess reserves made available from the publ ic's deposits.The banking system can take a given volume of excess cash reserves and, by making loans and investment, generate a multiple amount of credit. Bangladesh is developing country. After liberalization, we achieve a poor economic growth in last three decades. This is because of number of micro and macro factors as density of people. Bangladesh is a place where we see lack of proper education and poor political stability. Political instability is the major factor in Bangladesh that makes a vital hazard to achieve the economic growth.All of above, banking industry brings a little bit hope that can be a better flavor to accelerate the economic growth in our country. This is the only sector (especially private banking) that getting a continuous develops from last two decades. One of the aims of this study involves the focus on ‘The General Banking Practice of Dhaka Bank Ltd, Halishahar Branch’. Another aim of this paper is to point out how management of the bank ca n perform better and provide better service to the clients. 2. Methodology Different data and information are required to meet the goal of this report.Those data and information were collected from various sources, such as, primary and secondary which is showed below: Primary data were collected from: ? Face to face conversations with the employees at various fields. ? Personal interviewing and interacting customers. ? Observing various organizational procedures. ? Customer’s response from questions. Secondary data were collected from: ? Internet and Annual report of Dhaka Bank Limited. ? Progress report/ Statement affairs and Bank Rate sheet of the Bank. ? Several kinds of Academic test-book and training sheet. Different publications regarding banking functions and foreign-exchange operation. ? Prior research report on this Bank. 3. Scope The scope of the research covers the General Banking practices of Dhaka Bank Limited. The report focuses on the general banking practices in general, how it is implemented in Dhaka Bank Limited. 4. Limitation of the study The present study was not out of limitations. From the beginning to end, the study has been completed sincerely and carefully. But some problem arises from conducting the study.During the study it was not possible to visit the whole area covered by the banks although the financial statements and other information regarding the study have been covered. Some limitation are given stated below- 1. The main constraint of the study is insufficiency of information, which was required for the study. There are various information that the bank employee can't provide due to security and other corporate obligations. 2. Due to time limitations many of the aspects could not be discussed in the present report. 3.Every organization has their own secrecy that is not revealed to others. While collecting data through interviewing the employees, they did not disclose much information for the sake of the confidentiality of the organization. 5. Background of Dhaka Bank: Dhaka Bank Limited is one of the premier and top ranked private banks in Bangladesh. The bank was established in the year 1995 as some veteran and well established businessmen grouped together and worked sincerely to establish this bank. The bank was incorporated as a public limited company under the companies act 1994.The founder of the bank was Mr. Mirza Abbas Uddin Ahmed who was also the former advisor of the bank. The Head Office of the bank is located at Biman Bhaban 1st floor, 100 Motijheel C/A, Dhaka 1000, Bangladesh. The bank started its very first journey on July 5th 1995 with an authorized capital of Tk. 1000 million and a paid up capital of Tk. 100 million. Since the inception of the bank the bank made phenomenal growth in terms of operation, business and goodwill. As of March 31st 2010 the bank’s paid up capital stood at Tk. ,659,597,800 and the total equity (capital and reserves) stood up at Tk. 6,036,368,754. Th e bank currently has 62 fully operational branches all over the country, 3 SME Service Centers, 6 CMS Units, 2 Offshore Units, and one CPZ (central processing office) which is situated in BGMEA building Karwan Bazar , Dhaka Bangladesh As an integral part of their commitment to Excellence in Banking, Dhaka Bank now offers the full range of real-time online banking service through its all branches, ATMs and Internet Banking Channels.Dhaka Bank Ltd is the preferred choice in banking for friendly and personalized services, cutting edge technology, tailored solutions for business need, global reach in trade and commerce and high yield on investments. 5. 1. The Mission of Dhaka Bank Limited- To be the premier financial institution in the country providing high quality products and services backed by latest technology and a highly motivated team of personnel to deliver Excellence In Banking. 5. 2. The Vision of Dhaka Bank Limited- At Dhaka Bank, we draw our inspiration from the distant sta rs.Our team is committed to assure a standard that makes every banking transaction a pleasurable experience. Our endeavour is to offer you razor sharp sparkle through accuracy , reliability , timely delivery , cutting edge technology and tailored solution for business needs, global reach in trade and commerce and high yield on your investment . 5. 3 The Goal of Dhaka Bank Limited- Our people, products and processes are aligned to meet the demand of our discerning customers. Our goal is to achieve a distinction like the luminaries in the sky.Our Dhaka Objective is to deliver a quality that demonstrates a true reflection of our vision – Excellence in Banking. 6 General Banking General banking creates a vital link between customers and bank. It’s really a classic as crucial department for the bank. It is the introductory department of the bank to its customers. The Dhaka Bank Ltd, Halishahar branch has all the required sections of general banking. Every day it receives de posits from customers and meets their demands for cash by honoring instruments. General banking department is that department which is mostly exposed to the maximum number of bank customer. . 1 Different Departments of General Banking It has five major parts in the branch to perform. The sections are: i. Account opening section ii. Cheque clearing iii. Cash iv. Remittance v. Accounts section 6. 2 Different Types of Customers/ Account Holder: Any one can open an account in Dhaka Bank Ltd. if he is capable of entering a valid contract and a banker is satisfied his confide and willing to inter into the necessary business relation with him. So any one of the following types of customers can open account:- i. Individual ( personal ) ii. Joint iii. Proprietorship ( sole traders / registered or unregistered ) v. Joint stock companies ( private/ public ltd. companies) 6. 3 Account Opening and Dispatch Department: Account opening is the gateway to the bank. The relationship between a banker and its customer begins with the opening of an account by the customer. For this, account opening is considered the most important function of a commercial bank. All banks generally maintain a separate department to open accounts. The function of accounts opening department can be classified into the following three categories: 1. Supplying various accounts related information to the customers. 2. Opening of account and . Issuing cheque books and ATM Card. Supplying various accounts related information to the customers: When a customer comes to open an account with a bank, s/he needs to be informed about various information relating to account opening. Account opening department enthusiastically provides necessary information to the customer. Following information is supplied to the customer depending on their requirements: †¢ Type of accounts maintained by the bank †¢ Requirements/Necessary formalities for opening each type of accounts †¢ Eligibility to open an accou nt etc. Types of accounts maintained by DBLAccounts based on operations as under: †¢ Current Account (CD A/C) †¢ Short Term Deposit Account (STD A/C) †¢ Savings Bank Account (SB A/C) †¢ Fixed Deposit Receipt Account (FDR A/C) Accounts based on Nature of Customers as under: †¢ Single/Individual Account †¢ Joint individual Account †¢ Sole Trader/ Proprietorship Account †¢ Partnership Account †¢ Company Account etc. Savings accounts are opened for single/individual and joint individual customer. Business organizations/enterprises are not allowed to open savings account. 6. 4 Requirements/Necessary formalities for opening each type of accounts: ? Single/Individual Savings Bank Accounts: Introduction of customer (Must be either by an account holder (SB/CD A/C) or an employee of the bank. †¢ Photographs-Two copies (attested by the Introducer) †¢ Photocopy of valid passport/Citizenship Certificate from Chairman or Ward commissioner/Cer tificate from the employee of the bank. Add: †¢ Transaction Profile †¢ Signature on Money laundering Circular ? Joint Individual Account: No additional requirements/formalities other than the Single/Individual Savings Bank Accounts. ? Single Individual/Joint Individual CD A/C Requirements/Formalities as like as SB A/C, except here introducer must be a CD A/C holder of the bank. Proprietorship CD A/C †¢ Introduction of the customer (Must be by a CD A/C account holder or an employee of the bank. †¢ Photographs- (Two Copies) of the proprietor. †¢ Valid Trade License. †¢ Company Seal. †¢ Photocopy of valid passport of the proprietor/Citizenship/ Certificate from Chairman or Ward commissioner/Certificate from the employee of the bank. Add: †¢ Transaction Profile †¢ Signature on Money laundering Circular †¢ Signature on KYC form ? Partnership CD A/C †¢ Introduction of the partners (Must be by a CD A/C account holder or an employee of the bank. Photographs- (Two Copies) of every partner. †¢ Valid Trade License. †¢ Seal. †¢ Date of incorporation. †¢ Photocopy of valid passport of the proprietor/Citizenship Certificate or Identity Certificate from Chairman or Ward commissioner/Certificate from the employee of the bank. †¢ Partnership Letter. Add: †¢ Transaction Profile †¢ Each partner’s Signature on Money laundering Circular †¢ Each partner’s Signature on KYC form ? Limited Company A/C †¢ Introduction (Must be by a CD A/C account holder or an employee of the bank †¢ Photographs- (Two Copies) †¢ Valid Trade License Company Seal †¢ Resolution of the Company on company’s letterhead †¢ Certified and attested copy (attested by MD or Chairman) of Memorandum of Association and Articles of Association †¢ Certified and attested copy of Certificate of incorporation †¢ List of Directors †¢ Photocopy of valid passport/Citizensh ip Certificate or Identity Certificate from Chairman or Ward commissioner/Certificate from the employee of the bank. Add: †¢ Annexure E: Identification of Directors and Authorized Signatories †¢ Annexure D: Director’s Signature on KYC form †¢ Transaction Profile 6. Eligibility to open an account: Anyone capable of entering into a valid contract can open an account with the bank. A minor can also open an account under guardianship or alone if s/he is at least 12 years old. But a minor is not allowed to open a current account. Lunatic, Insolvent person/Drunker/Liquidator/Any other individual or organization by law cannot open an account with bank. 6. 6 Accounts Opening of Customers with the Bank Opening of an account involves certain formalities, which varies according to different types of accounts as well as various categories of customers.The bank supplies following printed forms during opening an account of a customer: o Account opening Form o Specimen Signat ure Card o Deposit Slip o Cheque Book Requisition Slip o KYC Profile Form o Transaction Profile Form Customers are requested to read all the instructions carefully and then fill up the forms properly. Account opening officer must have to check all the forms or documents i. e. whether the customer duly signs them where necessary as well as introducer must introduce the customer by putting signature in the space provided on the account opening form.After completion of all the formalities by the customer, Dhaka bank officials have to perform the following functions chronologically: |Scrutinizing account opening form and Specimen signature card | |Getting the approval of accounts by authorized officer | |Putting account number on the form | |Putting entry in the account opening register | |Posting all the account information in the computer | Issuing a cheque book | |Maintaining all relevant papers/documents in separate file in the name of the | |every account holder | |Sending the sp ecimen signature card to the cash department | |Sending a thanks giving letter to the New account opener’s address | |Maintaining all relevant papers/documents in separate file in the name of the every | |account holder | 6. 7 Issuing of a Cheque BookA cheque book is issued to the customer at the time of the account opening or may by issued after 2-3 days from account opening. And additional cheque book is issued at the request of the customer according to his/her necessity. Followings are the formalities during issuing a cheque book: Getting the cheque book requisition slip signed by the account holder By verifying the signature, issuing the cheque book Writing down the account number on each leaf of the cheque book Making entry to the cheque issue register Supplying the cheque book to the account holder after getting proper acknowledgement from the account holderInland Remittance Department Remittance Department: This department deals with transfer of money from one place to another place. Remittance can be classified as inland remittance and foreign remittance; however, remittance department mainly deals with inland remittance rather than foreign remittance. Instruments used for inland remittance as under: o Pay Order (P. O) o Demand Draft (DD) o Telegraphic Transfer (TT) Pay Order: A Pay Order is a written order on a specific instrument i. e. generally called â€Å"Block† issued by a bank to pay a certain sum of money to specific person, Organization or a bank.It is called banker’s cheque, as it is issued by a bank as well as drawn upon on a bank. Issuance of Pay Order: issuance of pay order involves following steps: ? Upon requests of customer, bank supplies prescribed application form ? Applicant has to provide detailed particulars of him/herself as well as beneficiary or receiver of the Pay Order ? Total amount of the P. O must be written both in words and in figures in the space provided ? Credit vouchers are prepared; one for com mission and another for VAT ? Now customer is requested to deposit the P.O amount along with VAT and Commission charges to the cash department ? Cash department releases the application form with authorized signature and cash received seal ? Now Pay Order is written on block which has three parts: First part is retained by the issuing bank, Second part is for customer and Third part is for the beneficiary of the Pay Order ? In this stage all the information is entered into the P. O register Payment or Encashment of Pay Order: Issuing bank makes payment of Pay Order upon presentation through clearing house. When the P.O does not consist of discrepancies, necessarily the proceeds of Pay Order is credited to the account of payee/beneficiary. However, before making payment of P. O, the signature of issuing officer is verified and date of payment is recorded in the Pay Order issue register. Demand Draft A Demand Draft, which is traditionally called DD. A DD is a written order on a specif ic instrument of one branch of a bank upon another branch of the same bank to pay a certain sum of money to or to the order of a specified person or of a specified organization. In practice DD is not issued between two branches within the same city.Issuance of Demand Draft: Issuance of DD involves following steps: ? Customer is asked to fill up a form in specific form provided by bank which is also treated as a voucher ? Commission and Charges are also mentioned in the form ? Two credit vouchers; one for commission and another for VAT is stapled with the form ? Customer pays cash in the cash department with relevant vouchers ? Cash dept. receives cash and delivers vouchers after completing necessary formalities ? Now DD is prepared in a block Branch-wise serial number is given on the draft ? The draft number is written on the voucher ? Draft block and voucher along with the register are sent to the officer in charge for checking and then sent to manager/Second in charge of the branc h for authorization ? The draft may be crossed if customer desires and finally delivered to him/her against initial or acknowledgement on the voucher Payment of Demand Draft: After receiving the DD, the drawer branch checks the date, amount both in words and figures and signature. In case of Test DD, Test number must be reconciled before payment.And then DD is cancelled and payment date is noted in the register. If the DD is crossed, the payment is made through clearing house. Telegraphic Transfer In case of Telegraphic Transfer, which in brief is called TT, an applicant has to fill up prescribed form supplied by bank to inform all the particulars about the sender as well as the receiver/beneficiary of the TT. Besides, following points should be checked in this regard: ? Full name of the beneficiary and his account number if the instruction here is â€Å"credit to beneficiary’s account†, or full address if instruction is there to advise & pay ?Commission and Telegram c harge are recovered from customer ? A cost memo has to prepare for customer in this regard; containing the amount of TT, commission and Telegram charges ? Customer has to deposit cash in the cash department along with voucher and application ? Remittance depart finally checks all the particulars viz. name of the beneficiary, account number of the beneficiary, name of the bank, name of the branch and mode of payment etc. ? Each and every TT must be Tested whatever the amount of TT ?Authorized officer then send the TT message through Telex/Telephone ? The issuing branch also sends a TT confirmation advice to the drawer branch and one copy is retained by the branch Payment of Telegraphic Transfer (TT): The payment of TT is paid only when TT test numbers reconcile. TT receiving branch maintains TT message receiving memo. On agreement of Test, the serial number of TT is entered in the TT payable register. The issuing branch informs if any number is mismatched or omitted. Two vouchers are prepared in this regard as under:DBL General A/C†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦****** Branch———-Dr. Bills Payable A/C†¦Ã¢â‚¬ ¦.. (TT payable)————-Cr. The TT amount is then credited to the beneficiary’s account if the beneficiary/receiver of the TT is an account holder of the branch; otherwise a Pay Order is issued if the beneficiary/receiver of TT is an account holder of another bank. 6. 8 Clearing Section: According to the Article 37(2) of Bangladesh Bank Order, 1972, the banks, which are the member of the clearinghouse, are called as Scheduled Banks. The scheduled banks clear the cheque drawn upon one another through the clearinghouse.This is an arrangement by the central bank where everyday the representative of the member banks gathers to clear the cheque. Banks for credit of the proceeds to the customers’ accounts accept Cheque and other similar instruments. The bank receives many such instruments during the day from ac count holders. Many of these instruments are drawn payable at other banks. If they were to be presented at the drawer banks to collect the proceeds, it would be necessary to employ many messengers for the purpose. Similarly, there would be many cheque drawn on this the messengers of other banks would present bank and them at the counter.The whole process of collection and payment would involve considerable labor, delay, risk and expenditure. All the labor, Risk, delay and expenditure are substantially reduced, by the representatives of all the banks meeting at a specified time, for exchanging the instruments and arriving at the net position regarding receipt or payment. The place where the banks meet and settle their dues is called the Clearinghouse. Activities of the Section: (a) Preparation of Clearing Outward and Inward Lodgment and record maintenance of the same. (b) Batch posting as and when required. On receipt of instruments, the same is endorsed here.Then clearing section wi ll sent IBDA to head Office for clearing purpose and on receipt of IBCA from Head Office amount is credited to customers account and vice versa. If the instrument is return then the same is given back to the customer. 6. 9 Collection Section: Checks, drafts etc. are drown on bank located outside clearing house are sent for collection. Motijheel Branch collects its client’s above-mentioned instruments from other branches of DBL and branches other than DBL. In case of out ward bills for collection customers account is credited after finishing the collection processor.And in case of in ward bills customers account is debited for this purpose. So it places dual role as follows: i) Collecting Banker ii) Paying Banker. Activities of the Section: Collection is done when (i) Paying Bank is located out side Dhaka City. (ii) Paying Bank is other branches of DBL situated inside Dhaka City. i) Paying Bank is outside Dhaka City: Collection department of Motijheel Branch (Principal Branch) , DBL sends outward bills for collection (OBC) to the concerned paying bank to get inter Bank Credit Advice (IBCA) from paying Bank.If the paying bank dishonors the instrument, the same is returned to principal Branch. ii) The Paying Bank of their own branches inside Dhaka City: Collection Department sends transfer delivery item to other branches of same bank situated inside Dhaka City. Upon receiving IBCA customer’s a/c is credited. Procedures for Outward Bills for Collection: 6. 10 Accounts Section: In banking business transactions are done every day and these transactions are to be recorded properly and systematically as the banks deal with the depositors’ money.Any deviation in proper recording may hamper public confidence and the bank has to suffer a lot. Improper recording of transactions will lead to the mismatch in the debit side and credit side. To avoid these mishaps, the bank provides a separate department whose function is to check the mistakes in passing v ouchers or wrong entries or fraud or forgery. This department is called Accounts Department. Besides these, the branch has to prepare some internal statements as well as some statutory statements, which are to be submitted to the Central Bank and the Head Office.This department prepares all these statements. Functions of Accounting Department: We can divide the functions of accounting department into two categories. One is day-to-day task and another is periodical task. a. Day to day functions: Here day-to-day function refers to the every day tasks. Accounting department of DBL performs the following day to day functions: b. Periodical functions: Periodical functions of accounts department include the preparation of different weekly, fortnightly, monthly, quarterly and annual statement.The accounts department prepares the following statements: etc. 6. 11 Cash Section: Cash section is a very sensitive organ of the branch and handle with extra care. Operation of this section begins at the start of the banking hour. Cash officer begins his/her transaction with taking money from the vault, known as the opening cash balance. Vault is kept in a much secured room. Keys to the room are kept under control of cash officer and branch in charge. The amount of opening cash balance is entered into a register.After whole days’ transaction, the surplus money remain in the cash counter is put back in the vault and known as the closing balance. Money is received and paid in this section. 6. 11. 1 Cash Receipt: 6. 11. 2. Cash Payment: 6. 12 Conclusion: Bank is the largest organization of mobilizing surplus domestic savings. Attractive Savings Schemes are offered by DBL such as Contributory Savings Scheme, Monthly Benefit Deposit Scheme, Special Deposit Scheme, Education Savings Scheme, Fixed Deposit Scheme, Dhaka Bank Money Scheme, Dhaka Bank Insured Fixed Deposit Scheme as well as different accounts to save money.Schemes are designed concentrating in different purposes t o help the fixed income group people to help in need. Bank-Officials are also whole-hearted and dedicated to serve their customer with utmost care. 7. Online Branch Banking The Bank has set up a Wide Area Network (WAN) across the country to provide online branch banking facility to its valued clients. Under the Scheme,  clients of any branch shall be able to do banking transaction at other branches of the bank. Under this system a client will to be able to o following type of transactions # Cash withdrawal from his/her account at  any  branch  of the Bank irrespective of location. # Cash deposit in his/her account at any branch of the Bank irrespective of location. # Cash deposit in other's account at any branch of the Bank irrespective of location. # Transfer of money from his/her account with any branch of the Bank. Any amount can be deposited or transferred under Dhaka Line.In the system, however, at present there is a limit for cash withdrawal through bearer or by accou nt holder himself. Terms & Conditions of Online Branch Banking Service ONLINE BRANCH BANKING SERVICE is designed to serve its valued clients. Under this system, you shall be able to do the following type of transactions:    †¢ Cash withdrawal from your account at any   branch of the Bank †¢ Deposit in your account at any Branch of the Bank. †¢ Transfer of money from your account to any other account with any Branch of the Bank Transaction Limit Maximum ceiling of cash withdrawal by self is Tk. 10,00,000/- (ten lac) only per transaction †¢ Maximum ceiling of cash withdrawal by third party (bearer) per transaction is below Tk†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Only (please mention the limit you wand to place). †¢ Cash deposit/transfer  by online transaction is unlimited Online Transaction Membership Fee Membership fee is  Tk. 50/- per month for the Online Branch Banking Service. Charges for Online Transaction †¢ There will be no charge for transac tion within the city where the account is domiciled †¢ Fee Tk. 7/- will be realized from the customer’s account for each remote transaction (inter-city)  for amount up to Tk. 1, 00,000 (one lac). †¢ Fee at the rate of   0. 075% will be realized from the customer’s account for each remote transaction of amount more than Tk. 1,00,000 (one lac). Who can get this service The Clients who has account in Dhaka bank or who will open account in Dhaka bank and would be interested to maintain substantial deposits in Savings, Current or STD accounts, will be eligible to get Dhaka Line Service.How one can get this service Intending and eligible clients have to apply in prescribed application form to their branch (where account is maintained) to get the online service from the bank. The client should submit two copies photographs and signature cards alongwith the application form. To avail the Dhaka Line service, no charge should be paid for online transaction within a locality where the account is domiciled. But charges should be paid by the customer for inter city online transaction When a account will be activated for onlineWithin 15 days from the date of submission application a account will be activated for online service Dhaka Bank Limited obtained Principal Membership of Master-Card International in the month of May 1999. Within a period of 6 months, the bank successfully launched Master Card-Credit Card which created a new dimension in its customer service and consumer financing. The Special feature of the Dhaka Bank Master Card is that its bears the card holder’s photo on the card, which is the first of its kind in Bangladesh and adds security against misuse.Dhaka Bank Limited issues 4 types of cards. These are Gold Local & International and Silver Local & International. Local cards can be used in Bangladesh only. 7. 1 Followings are the main feature of MasterCard Credit – †¢ Dhaka Bank Ensure High Level of Security  by inserting your Photograph on the Card. †¢ 20 to 50 days credit form the date of transaction. When you receive your monthly statement, you can either choose to pay in full or just minimum due amount shown on the statement. No interest is charged if you pay in full within payment due date. 24 hours a day, 365 days worldwide service. †¢ No joining/administrative fees. †¢ waiver of annual fees for International Card: If you accumulate 20,000 Dhaka Bank Bonus Point for your Gold Card or, 10,000 Bonus Point for your Silver Card in a year then you enjoy our Card without fees( $ 1 purchase: 1 Bonus). †¢ Waiver of annual fee for Local Card:   If you accumulate 10,000 Dhaka Bank Bonus Point for your Gold Card or 8,000 Bonus Point for your Silver Card in a year then you enjoy our Card without fees( Tk. 50/- purchase : 1 Bonus point). The Highest Dhaka Bank Bonus Point holder can enjoy free air ticket Dhaka-Bangkok-Dhaka. (Business Class). †¢ Cash advance faciliti es. †¢ 1,39,00,000 locations accept MasterCard worldwide Facilities Available with the Card : The Card can be used for: 01. Making payments to Merchants against purchase of all goods and services by the Cardholder form Marchant(s); and 02. Availing Cash Advances: ? 2. 1 From any of DBL Branches or any member of MasterCard of any Merchant authorized to make Cash Advances; as may be agreed upon by DBL or ?By the use of the Card on any ATM of DBL or of MasterCard. Subject to these terms and conditions and in compliance with such requirements, limitations and procedures as may be imposed by DBL, any Merchant or MasterCard from time to time. 7. 2 SWIFT Dhaka Bank Limited is one of the first few Bangladeshi Banks who have become member of SWIFT (Society for Worldwide Inter-bank Financial Telecommunication) in 1999. SWIFT is members owned co-operative, which provides a fast and accurate communication network for financial transactions such as Letters of Credit, Fund transfer etc.By be coming a member of SWIFT, the bank has opened up possibilities for uninterrupted connectivity with over 5,700 user institutions in 150 countries around the world. SWIFT No. : PRBLBDDH Deposit Schemes of Dhaka Bank Limited: Bank is the largest mobilizer of surplus domestic savings. For poverty alleviation, we need self employment, for self-employment we need investment and for investment we need savings. In the other words, savings help capital formations and the capital formations help investments in the country.The investment in its turn helps industrialization leading towards creation of wealth of the country. And the wealth finally takes the country on road to progress and prosperity. As such, savings is considered the very basis of prosperity of the country. The more the growth of savings, the more will be the prosperity of the nation. The  savings rate in Bangladesh is one of the lowest in the world. In order to improve the savings rate, Financial Institutions responsible for mobilization of savings should offer attractive Savings Schemes so that the marginal propensity to save increases.The savings do not, of course, depend only on the quantum of income but largely depend on the habit of savings of the people. Contributory Savings Scheme: This is a Savings Scheme in which a person gets the opportunity to build up savings by contributing monthly installments and receives an attractive fixed amount at the end of a specified term. The Scheme is designed to help the fixed income group to save money and build up a sizable funds with which they can go for some income generating venture to improve the quality of their life and/or meet any future financial obligationsThe salient features of the Scheme are given below: > Minimum size of monthly installment shall be Tk. 500/- and multiplies of Tk. 1000/-. Maximum installment size shall be Tk. 25,000/- > The Deposit shall be for a period of 5 years. Lump sum amount shall be paid after maturity or monthly Pension shall be paid for the next 5 years according to the size of deposit. A brief chart of lump sum amount and monthly pension installments payable are shown below: Size of monthly deposit (Taka) |Terminal value after 5 years (Taka) |Pension for next 5 years (Taka) | |500/- |40,000/- |870/- | |1,000/- |80,000/- |1,739/- | |2,000/- |1,60,000/- |3,478/- | |3,000/- |2,40,000/- |5,217/- | |4,000/- |3,20,000/- |6,956/- | |5,000/- |4,00,000/- |8,695/- | |6,000/- |4,80,000/- |10,434/- | |7,000/- |5,60,000/- |12,173/- | |8,000/- |6,40,000/- |13,912/- | |9,000/- |7,20,000/- |15,651/- | |10,000/- |8,00,000/- |17,390/- | |11,000/- |8,80,000/- |19,129/- | |12,000/- |9,60,000/- |20,868/- | |13,000/- |10,40,000/- |22,607/- | |14,000/- |11,20,000/- |24,346/- | |15,000/- |12,00,000/- |26,085/- | |16,000/- |12,80,000/- |27,824/- | |17,000/- 13,60,000/- |29,563/- | |18,000/- |14,40,000/- |31,302/- | |19,000/- |15,20,000/- |33,041/- | |20,000/- |16,00,000/- |34,780/- | |21,000/- |16,80,000/- |36,519/- | |2 2,000/- |17,60,000/- |38,258/- | |23,000/- |18,40,000/- |39,997/- | |24,000/- |19,20,000/- |41,736/- | |25,000/- |20,00,000/- |43,475/- |Short Term Deposit ? A short term deposit (STD) account is a running account with amounts being paid into and drawn out of the account continuously. ? These accounts are called Demand Deposits or Demand Liabilities since the banker is under obligation to pay the money in such deposits on demand. ? These accounts are generally opened by Business Organization, Public Institution, and Corporate Bodies. ? An STD account may be opened by an individual person. ? It is an interest bearing deposit. Interest is calculated on daily basis as per Banks Prescribed Rate and is credited to account on half yearly basis. Current interest rate on STD account  is 6 Percent.Education Savings Scheme The educational expenses particularly the expenses for higher education are sharply increasing day by day in our country. Sometimes, the children are deprived of getting the desired level of education because of the inability of the parents to meet their educational expenses. But the parents would not feel any difficulty to defray such expenses if a proper financial planning is made much ahead of time. Moreover, we are receiving demands from the Islamic minded people of our country for an attractive Savings Scheme on the basis of Islamic Sariah so as to encourage them to save in Islamic way for education of their children.With this end in view, Dhaka Bank Limited has introduced a Savings Scheme entitled â€Å"Education Savings Scheme† in accordance with the principles of Islamic Sariah i. e. , on the basis of profit and loss sharing. The scheme provides a unique opportunity to the parents to make a future provision for the educational expenses of their children when they enter into Schools, Colleges and Universities out of the benefit of a small amount of savings with the Bank at an opportune moment The salient features of the Scheme are give n below: ? The Scheme shall be implemented through all Dhaka branches, though it is specially designed for Islamic Banking branches. ? Deposit of Tk. 50,000/- and multiples thereof but maximum limit of Tk. , 00,000/- at a time will be acceptable under the Scheme. ? A specially designed Receipt shall be issued for the deposit under the Scheme in the same manner as issued in case of FDR. Branches shall use the ESS receipts that used for existing scheme. ? The instrument shall be issued for a period of 5 years term. ? On maturity a lump sum amount of Tk. 85,382/- shall be payable or education allowance @ Tk. 1,854/- per month per Tk. 50,000/- shall be payable on the basis of deposit amount for next 5 years starting from the completion of the term as per following table. Income Tax @10% on interest may be deducted at source at the time of payment of lump sum amount. Initial Deposit (Taka)    |Lump sum amount payable at maturity (Taka)    |Amount of Education allowance per month | | | |  (Taka) | |50,000/- |85,382/- |1,854/- | |1,00,000/- |1,70,763/- |3,705/- | |1,50,000/- |2,56,145/- |5,558/- | |2,00,000/- 3,41,526/- |7,410/- | |2,50,000/- |4,26,908/- |9,263/- | |3,00,000/- |4,69,704/- |11,115/- | |3,50,000/- |5,47,988/- |12,968/- | |4,00,000/- |6,26,272/- |14,820/- | |4,50,000/- |7,04,556/- |16,673/- | |5,00,000/- |7,82,840/- |18,525/- | Double Benefit Deposit Scheme ? The Scheme shall be implemented through all the branches of Dhaka Bank Limited. ? Deposit of Tk. 25,000/- (Taka twenty five thousand) and multiplies thereof but maximum limit of Tk. 25, 00,000/- (Taka twenty five lac) at a time will be acceptable under the scheme. ? The instrument shall be issued for 5 years 4 months term. ? At maturity after 5 years 4 months double the amount of deposit will be paid to the depositor. Photograph of Nominee, duly attested by the depositor, shall be obtained at the time of opening the account. ? Normally no withdrawal will be allowed before maturity. But if any depositor intends to withdraw his deposit before maturity, the following rules will apply: ? (a) No benefit including interest/profit shall be allowed for pre-mature encashment within one year. (b) If the accounts / deposits are closed / encashed after one year of its opening, benefit shall be allowed on the deposit at normal Savings Deposit rate ? The instrument will be acceptable as collateral security against any investment subject to registering lien with the issuing branch. In case of death of a depositor, the amount of instrument will be paid to the nominee, to the legal heirs of the depositor on production of succession certificate. ? In case of instrument is lost the procedure for the issuance of a duplicate receipt will be the same as applicable in case of loss of FDR. ? Under the scheme depositor can get free insurance facility. ? Insurance coverage is only applicable to personal accident and serious illness related insurance policy. ? Depositor can take loan against his/ her deposit under this scheme ? At present no income tax will be deducted from the interest earned. But in future for any change in the government policy Bank reserves the right to deduct income tax.Fixed Deposit Scheme This type of deposit should be kept for a fixed term or period. Dhaka Bank Limited deals with the following terms deposit. Particulars Interest Rate 1(One) month 9. 00% 3(Three) month 12. 00% 6(Six) month 11. 50% 1(One) year 11. 00% Lakhopati Deposit Scheme (a)Monthly Installment size, tenure and terminal value of the scheme will be as follows: Monthly Installment Size (Taka) |Tenure |Amount to be paid after maturity (Taka) | |250/- |15 years |1,00,000/- | |500/- |10 years |1,00,000/- | |1,285/- |5 years |1,00,000/- | |2,400/- |3 years |1,00,000/- | Dhaka Millionaire   Scheme Monthly installment shall be Tk. 12,465. 00 /Tk. 7,890. 00 /Tk. 4,570. 0 for the tenor of 5/7/10 years respectively |Size of monthly deposit   (in |Investment Tenor (in |After the investm ent Tenor the terminal |Pension size of installment | |Taka)   |Year) |value of the Scheme (in Taka) |according to the years Invested | | | | |(in Taka ) | |12,465/- |5 |1,000,000/- |21,748/- | |7,890/- |7 |1,000,000/- |17,137/- | |4,570/- |10 |1,000,000/- |13,786/- | House Building Deposit   Scheme # The tenor of the House Building Deposit Scheme will be 5/7/10 years. # Minimum Equity building amount shall be Tk. 10. 00 lac. |Size of monthly |Size of monthly deposit in|Investment Tenor (in|Age Limit |After the   investment Tenor | |deposit in Tk. |Tk. Year) |(in Year)* |the terminal value of the | |(without |(with Insurance) | | |Scheme | |Insurance) | | | |(in Taka)** | |7,890/- |8,045/- |7 |18 to 38 |1,000,000/- | |12,465/- |12,640/- |5 |18 to 40 |1,000,000/- | |9,135/- |N/A |10 |18 to 35 |2,000,000/- | |15,770/- |N/A |7 |18 to 38 |2,000,000/- | |24,925/- |N/A |5 |18 to 40 |2,000,000/- | * Age upper limit will be applicable for HBL facilities only # Insurance Coverage will be restricted to terminal amount of Tk. ,000,000/-(Taka Ten Lac) only, here the age limit will be from 18 years to 60 years # A person can open more than one account but House Building Loan facility shall be on one account only. # Account in the name of minors can be opened too under the Scheme but without insurance coverage. # The installment shall be payable by the 8th day (in case of holiday the next working day) of every month. Advance payment of any number of installments  is acceptable. 8. CAMEL Rating of 48 Banks: The capital adequacy, Asset quality, Management standard, Earning and Liquidity rating (CAMEL) of all commercial banks on the basis of credit management performance till December 2007 have been rated by Bangladesh Bank (BB). It is mentionable that Dhaka Bank Ltd. got the top position in â€Å"A† class banks. CAMEL Rating:Analyzing the overall operational activities of all commercial and specialized banks; central bank, the regulatory authority of countryâ €™s banking sector has ranked 6 ‘A-class’, 27 ‘B-class’, 8 ‘C-class’,5 ‘D-class’ and 2 ‘E-class’ banks by the end of 2007, which was completed recently. A- Class Banks: 1. Dhaka Bank Ltd. 2. Shahjalal Islami Bank Ltd. 3. Commercial Bank of Ceylon. 4. Citibank N. A. 5. State Bank of India 6. Standard chartered Bank B – Class Banks: 1. Eastern Bank Ltd. 2. Premier Bank Ltd. 3. The Trust Bank Ltd. 4. BRAC Bank Ltd. 5. Southeast Bank Ltd. 6. NCC Bank Ltd. 7. One Bank Ltd. 8. Standard Bank Ltd. 9. Woori Bank 10. Bank Alfalah Ltd. 11. National Bank of Pakistan. 12. Dutch Bangla Bank Ltd. 13. Exim Bank Ltd. 14. Mutual Trust Bank Ltd. 15. Jamuna Bank Ltd. 16. Bank Asia 17. Islami Bank Bangladesh Ltd. 18. Uttara Bank Ltd. 19.National Bank Ltd 20. The City Bank Ltd 21. Basic Bank Ltd. 22. Habib Bank Ltd. 23. HSBC 24. Pubali Bank Ltd. 25. Mercantile Bank Ltd. 26. Social Investment Bank Ltd. 27. Dhaka Bank. C- Class Ban ks: 1. First Security Bank Ltd. 2. UCBL 3. Al-Arafa Islami Bank 4. Bangladesh Shilpa Rin Sangstha 5. IFIC Bank Ltd. 6. AB Bank Ltd. 7. Agrani Bank Ltd. 8. Rupali Bank Ltd. D- Class Banks: 1. Sonali Bank Ltd. 2. Bangladesh Krishi Bank 3. Bangladesh Shilpa Bank 4. Janata Bank Ltd. 5. RAKUB E-Class Bank: 1. Bangladesh Commerce Bank Ltd. 2. Oriental Bank Ltd. 9. Recommendation After observing the operation procedure of DBL, I recommended the following: ATM:Dhaka Bank has few ATM booths in the Dhaka city, but these are not sufficient to give service to the customer’s . So Dhaka Bank has arranged an agreement with Dutch Bangla Bank limited so that the customers of the Dhaka Bank can use its booth. To give smooth service to the customers Dhaka Bank should increase its own ATM Booth. Branch: Dhaka Bank should open branches in the all district towns besides Dhaka & Chittagong city for expansion its business area. Interest Rate: Dhaka Bank should Increase interest rate on FDR and other deposit scheme. Islamic Banking Branch: Bangladesh is a Muslim majority country, so Dhaka Bank should increase their Islamic Banking Branch in Bangladesh. 10. ConclusionIn Halishahar branch I have been working for 3 months, by this time I have found some good strengths and opportunities, Dhaka Bank Halishahar Branch has a strong opportunity to achieve strong market in Halishahar area because it is situated in a appropriate and attractive place. In short time Halishahar Branch gathered 30 core deposits; this is a great achievement for Halishahar branch and also achieving healthy profit as a new branch. From my view, this branch has some Strength these are: ? Dhaka Bank has well reputation in the market. It is number one Private commercial Bank in Bangladesh. ? In Halishahar branch efficient management practice. ? Halishahar branch is Well-furnished and Air-conditioned Bank. Dhaka Bank’s Officers are highly educated. ? Dhaka Bank’s Executives are highly qualified and ex perienced. ? Credit Department of Halishahar branch is strong prospective department. ? Dhaka Bank gathered maximum market share in banking business. ? Dhaka Bank not engaged in unfair business practice. ? Dhaka Bank has many attractive deposit schemes. ? Dhaka Bank becomes more reliable to the all kind of people. References 1. Kenova, V. & Jonasson P. 2006. Quality Online Banking Service. Jonkoping university. 2. Pallent, Julie. 2007. SPSS Survival Manual: A Step by Step Guide to Data Analysis usingSPSS for Windows. England: McGraw. 3. Cooper, D. R. , & Schindler, P. S. (2003).Business research methods (9th Ed. ). Mc GrawHill. 4. Cooper and Schindler (2006) 5. Malhotra 2003 6. http://www. htm. uoguelph. ca, 7. â€Å"Marketing Professional Services† By Philip Kotler, Thomas Hayes, Paul Bloom. 8. Mr. Alan Lau, Head of Consumer Banking, Maybank Singapore 9. October 20011 Mr. Laksham Silva, CEO, DFCC Vardhana Bank (07/03/2012 ADRIANA REYNERI), (Tanbir Ahmed Chowdhury-2009). â₠¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€Ã¢â‚¬â€œ Deposit-slip depositing the cheque along with Crossing of the cheque are done indicating the Branch as collecting bank Entries are given in the Outward Clearing Register Endorsement â€Å"Payee’s A/C will be credited on realization† is given

Ellen Moore †Living and Working in Korea

Ellen Moore – Living and Working in Korea Free Online Research Papers Problem Statement Andrew Kilpatrick has had an argument with Mr. Song, who is blaming Ellen Moore for problems with the project. Andrew is concerned that the project will not be completed on time and he will be held accountable. Analysis The case, Ellen Moore: Living and Working in Korea, is about a system consultant, Ellen Moore that was sent to Korea to manage a project involving consultants from Korea (JVI) and North America (SCG) to represent a joint venture between a North American information technology company (WSI) and a major Korean conglomerate (KCI). Andrew Kilpatrick, Ellen’s superior, had the responsibility about the project, based on his depth of knowledge on the subject and he chose Ellen to be responsible whenever he was absent. After a certain time, Ellen found out that the Korean consultants were less experienced than expected. Besides that, tensions arose between her and the co-manager, J.T. Kim (Jack), regarding who was given directions to the team and they escalated when the project fell behind schedule. In the end like I mentioned in my problem statement, the Korean Mr. Song is blaming Ellen and Andrew needs to decide how to proceed so that the project gets completed. The challenge for this paper is to filter out the individual actions and the strategic goals every character has. Also, I will try to relate the actions to the material we covered in class. Finally, I explain the reasons for their behavior, the impact it has on the project and address in my recommendation how Andrew Kilpatrick can proceed to realize the $3.5 billion project that is due in December successfully. VABEs In the Korean culture there are different values than in the North American culture. Confucian thoughts guide the differences and it has a big impact on vabes of business men or the business etiquette in Korea. Certain actions like the exchange of business cards, to know how to address a Korean by name, or replenishing a colleague’s drink at dinner, involved formal rituals that occur at regular intervals. Ellen learned that it was important to provide and to receive business cards in an appropriate manner. The person who receives the business card should always look over and comment on it before he pockets the card. In North America, you would receive the card then you take a short look and after you put it in your pocket. Contraventions would be mistaken as extremely rude in Korea. This is why Ellen Moore was working hard from the first moment to behave right. From my point of view, Ellen Moore was the right person for this job. She had worked in Bahrain a very difficult cult ure for a woman to gain respect among men and she had high skills in capability, creativity, and project management. Andrew Kilpatrick chose her to be his co-project manager because of her adaptability in countries with different culture values. She tried to copy the Hangul symbols and read the Korean store signs. It seems that she did everything to reduce the cultural barriers and get comfortable with the vabes, values and the overall environment in Korea in order to bring herself in the best position to do a great job on the project. Even if it was hard for her to attend the periodical team building activities apart from their job which were used to strengthen the male bonding under the Korean consultants. Drinking activities while having dinner together, baseball games, and little trips belonged to daily business life in Korea. It was expected that all team members joined the meetings after work and the lunch as well. This created a strong value for teams and social relationships . Through all these activities, the Koreans took care that Confucian thoughts of loyalty to a hierarchical structure of authority and superiors-subordinate relationships (old/young and male/female) are always redeemed. These are two of the main social values which were respected. These values had a big impact on the cooperativeness of Jack to tolerate Ellen. The difficulty was that Ellen was Jack’s counterpart on the North American side and to stay with a woman on the same hierarchy level didn’t fit into Jack’s social values but I would like to go more into depth to a later time in this paper. Norms The differences that were mentioned about the vabes, they exist also for the norms. It is essential in Korea that you don’t provide compliments to someone for work completed as required. As well, it is not appropriate to ask questions because by that you show that your teacher has not done a good job. Contrary to that in North America business men or women give a lot of compliments to show the well performing employee that you respect his performance. Also, you are most likely to ask questions while showing that you are interested in the work. By having these strong differences it is very difficult to acclimatize for a western business person in an environment like that. Another norm for a Korean is not to lose face in front of his/her team members. Also, it is well-known that subordinated do not leave the workplace before the head is gone even the work is done. All this is about the respect for hierarchy, standing and the complete obedience that comes with it to the same time . Needs Jack looks for me like a person who is living the old fashioned, Korean traditions by Confucian who seeks for power and standing. He needs to influence the environment by telling his consultants what to do even if he is unsure what kind of impact this has on the project. A proof for this was the market research study which was not within the scope of the contracted work. He didn’t communicate this command he gave to the consultants to Ellen which shows that he is not a team player and also underlines his need to show power. When someone else stepped into his â€Å"empire†, he became angry. Ellen Moore was the one who invaded into his territory. When he was gone, Ellen Moore had her first opportunity to work with and to lead the Korean consultants on a daily basis. She was very pleased at that moment because she coached them directly, without interference from Jack. She felt that everybody worked together in a very positive manner, in complete alignment. This situation shows that the younger consultants are more open to women in business life and they accept Ellen. Contrary to Jack, who looked angry after he got back from the business trip seeing that everybody worked for Ellen quite well and he couldn’t believe that anyone on the team would refuse his orders to work for a â€Å"woman† instead of following his instructions. Internal-external mindset Jack was not able to throw away his values and beliefs regarding Ellen and the project. He didn’t accept her in his â€Å"own business world†. Even though, she is from a different country and used to other customs, he didn’t let her in his internal system (Reading about Group System Theory). Though she tried to behave right it wasn’t enough to convince his beliefs and assumptions. She changed his external system with her presence and the changes she brought into the project. From this moment on, he felt uncomfortable and competed more instead of working together. Self-Consistency At this point I would like to relate to another reading, which is â€Å"Self-Consistency†. For me, it seems that Jack is not consistent with his own meaning. His self-concept changed after Ellen Moore stepped into the project. It looks for me that she overwhelmed him with her skills to solve problems and he tried to find other ways to compete with her. By bringing up the market research, Jack made a decision without Ellen’s knowledge and deteriorated the situation to a point in which he would compromise the whole project while sticking with his values and beliefs of superiors-subordinate relationships. Away from Jack, I would like to set the focus more on the teams of consultants. Affiliation In view of affiliation, the Korean consultants had a high need. Evidences did I mention before when I talked about the business environment and the Korean business etiquette. Social events, periodical dinner, and team building activities are the occasions to develop the positive relationships with each other on the team. A need to like and be liked by others plays a big role in the mindset of the consultants. Motivation The Korean consultants were motivated by the social model of motivation. As I mentioned in the affiliation part, they believed in the social activities outside their jobs to grow together as a team. They were guided by their norms and beliefs in the loyalty they have to their company. Respect and structure determine their motivation to their team members and the firm. If this model collapses and they loose their respect and the loyalty because of any reason, there will be no motivation anymore. Contrary to the Korean motivation is the motivation of the North American consultant who creates their own motivation including all three models: Psychological, social and economic. If we take Ellen Moore she was guided most likely by the psychological motivation, because of her career to improve personally as a business person who sets herself new goals with every new project. Commitment Commitment was not really present with the Korean consultants. They worked on control-narrowly defined jobs, rule books and they never added input on their work. They worked for getting not fired and drank the whiskey-beer because everybody expected them to do so. Controversy to that, somebody who has an impact on the outcome of the work can build commitment. This is more likely in the North American culture, but not in the Korean. Problems right from the start After focusing on the actions and behavior pattern I would like to direct the attention on the management who were responsible that everything happened the way it did. The project management on the one side represented by Andrew and Ellen and on the other by Mr. Song, Park and Jack did not work suitable together for having a good business relationship. In the reading of â€Å"One-to-one relationships† it is described how problems arise for many different reasons. One person doesn’t act the way the other person likes it and they have a problem. For instance, when Andrew arrived in Korea to request interviews in order to obtain more information about their business environment, the Korean team reacted very reluctant to set up these meetings. Nobody knows what the Korean mangers thought about to convene meetings suddenly. Maybe they assumed that Andrew didn’t prepare. But, the simple reason why they were reluctant was that they are not used to that. For Andrew this is the first thing to do while having a new project. Sitting together, asking questions and talking about the problems. Andrew’s problem was that the translated documents Andrew had only abstract concepts because of the language barrier. Andrew found it essential to ask for further information. The Korean didn’t know about that and reacted reluctant. Unfortunately he became always the same answers although he was not provided with enough information. This represents a bad start because apparent problems can not developed from the start. These communication problems in the beginning lead us to a different aspect I would like to focus on. Every time you work with another company together for a common goal you need to trust the other side. You assume that they know what they are doing. Trust In the reading â€Å"Are your employees bowling alone?† it talks about blind trust which is essential in the first moment while working together with the other company. You tend to trust whom you know well. In this situation, you only have the reputation about the other side and you trust that information that everything works out well. This trust develops over time. After convincing the Koreans that Andrew understands his business, they wanted Andrew to lead the project and to work on a full-time basis. Due to projects in North America Andrew could manage the SI work on a part time basis and send Ellen Moore after requesting if a woman would be accepted in the position. Part-time working on a project of this size is dangerous and can lead to a lack of communication. Another trust situation came up between Ellen and the Korean consultants. She did not feel that Jack was letting her be a part of the team. â€Å"Trust is an expectation that arises within a community of regular, honest, and cooperative behavior, based on commonly shared norms, on the part of other members of that community.† From my point of view this situation described above never really existed between Ellen and the co-workers of Jack. It looked like they worked for the same thing, without Jack, but there was never real trust. Human Moments In â€Å"The Human Moment of Truth† we find the problems Andrew has later in the case in which he lacks communication with Ellen. Andrew misses that the problem between Ellen and Jack escalates and the project gets delayed by a month. Here, there are not enough â€Å"Human Moments† so that the project seems to fail so that Andrew has to end his wilderness camping vacation with his family. Managing Interpersonal Conflict The reason why I refer to this reading is the behavior pattern of the Korean management. First, they accept that Ellen Moore can work as a full-time consultant for Andrew because of Andrew’s other projects in North America and Ellen’s high skills and in the end they change and use Ellen as a scapegoat. Unfortunately the case does not say who gave Andrew the answer that Ellen can do the job. If it would be Mr. Song, Andrew could explain him that he accepted to have a woman in the position and spike Mr. Song on that. Also, he could explain how good the relation and the work climate was when Jack was absent and how it changed at the moment when he got back. Recommendation (My recommendation is based on the fact that Ellen Moore can keep her job.) 1. Due to the one month delay, all participants of the project need to meet in one big meeting to set targets, how the project can be completed on time. By that, they need goals in short-term and in long term. A short term goal might be in a time frame of 2 weeks. Whereas a long term goal would be to see how the work is developing every 6 weeks. Every team needs to get controlled by the managers, and the managers need someone who watches their performance. This can be a person who works for another company or who dealt in the past with consulting projects. Everybody at the meeting needs to know how serious the situation is and that everybody has to work harder to recover the lost time. The management of the company can implement awards to give incentives for people who would like to benefit from the extra work. The management has to communicate to everybody that if everybody pulls the same rope the time problem might be solved. 2. I would organize a trip at the weekend to a nice hotel near a vacation area. This trip includes all North Americans and the consultants, managers who with the Americans together. Here they should solve communication problems and cross culture relation differences. They can not be eliminated, but you can people make to understand each other better. Reasons why people act like that will be explained. This trip can be in China or in another country. The purpose why to meet somewhere else is that everybody gets away from the job and the stress. Arriving on a Friday night at the hotel, they will have to cook together. The Korean will have to cook something typical Korean and the North American something that expresses their culture. Everything is planned ahead so that there are no supply problems. In Germany, we say that love goes through your stomach. By creating together a dinner they will learn that other cultures are different and interesting. This dinner is a start to understand dif ferent cultures and behavior. For the next day there will be hold seminars for understanding each other better. I recommend showing movies about business life in North America and Korea. Also, they will have to go through role playing games in which they have to present a situation in which they had problems with the consultant of the other culture. Additionally, the Koreans get masks with faces of famous North Americans and opposite. This will change the picture everybody has from the foreign consultants and create fun, laughing and change. For the last day, they will have to play some softball/baseball to improve the team spirit. After that, they go on a Jeep Safari and experience some planned adventures. This might create some bonding among the different cultures. Things they can talk about when they sit together at lunch or at dinner. Experiences they can laugh about and which bring the different characters together. 3. Jack and Ellen Moore will have to meet once a week with a psychologist who knows both cultures, to talk about problems that arose. Every Friday they need to spend one or two hours on talking about what went right or wrong the past week. Everything what is said in this meeting will never be communicated to the other employees who work on the project. Nobody can get offended or compromised. 4. Jack and Ellen will have to report once in two weeks to Andrew, Mr. Park and Mr. Song about events, progress, problems, changes and difficulties. 5. I recommend installing three boxes. The first one is for questions of the workers about their work because they won’t change their behavior from one day to another. Ellen Moore has to check the box three times a day. Also, the consultants are required to send emails to Ellen Moore if they have questions. The questions go to Ellen because the consultants are more likely to ask questions to a person from another country so that they are not loosing their faces. The second box is for work environment problems so that there arise no difficulties among the consultants anymore. Ellen and Jack need to check this box at the end of each day together. The third box is to hand in improvement-proposals. The consultants can make suggestions how to improve the work processes of the project. With this tool they get more involved and motivated in the project. Research Papers on Ellen Moore - Living and Working in KoreaThe Project Managment Office SystemAnalysis of Ebay Expanding into AsiaBook Review on The Autobiography of Malcolm XResearch Process Part OneMoral and Ethical Issues in Hiring New EmployeesIncorporating Risk and Uncertainty Factor in CapitalHip-Hop is Art19 Century Society: A Deeply Divided EraEffects of Television Violence on ChildrenThe Relationship Between Delinquency and Drug Use

Cerium essays

Cerium essays Cerium is in the sixth period of the periodic table. Its atomic number is fifty-eight, which means it has fifty-eight protons and electrons. It has an atomic mass of 140.12, giving it eighty-two neutrons. Cerium is a soft, iron gray metal of the rare earth group of chemical elements, also called the lanthanide series. Its also a solid. Cerium was discovered in 1803 by Swedish chemist Jons Berzelius and geoligist Whilhelm Von Hisinger, and independently by German chemist Martin Klaproth. It was named for the asteroid Ceres, which was discovered in 1801. Pure cerium was prepared and produced in 1875 by Hillerbrand and Norton. Cerium is a natural element, opposed to synthetic, or man made. It is found in many minerals and is obtained commercially from the minerals, monazite, or phosphorus, and bastnasite. It has thirty known isotopes. Radioactive isotopes of cerium occur during the fission of uranium, thorium, and plutonium. Its electron structure is very easily changed. Cerium has many unique properties. For instance, each of the lanthanide elements has a common valance of positive three, however cerium is an exception in that it can have a valance of positive four. The higher oxidation state is useful for separating cerium from the other rare-earth elements and also makes it possible for cerium to form very strong oxidizing agents. It is also added to alloys to make them stronger and is used in self-cleaning ovens, and other heat resistant alloys. It has a melting point of 1463 degrees farenheight, and a boiling point of 5894.6 degrees farenheight. It is a metal that may ignite if scratched with a file. The metal readily oxidizes in moist air at room temperature. Cerium compounds may be observed with the emission spectrometer. It has a cubic crystal structure. Cerium has six energy levels. ...

Meaning of Baron Through Medieval Times and After

Meaning of Baron Through Medieval Times and After In the Middle Ages, baron was a title of honor given to any nobleman who pledged his loyalty and service to a superior in return for land that he could pass on to his heirs. The monarch was usually the superior in question, although each baron could parcel out some of his land to subordinate barons. Read on the learn about the etymology of the term and how the title has changed over the centuries. The Origins of Baron The term baron is an Old French, or Old Frankish, a word that means man or servant. This Old French term derives from the Late Latin word, baro. Barons in Medieval Times Baron was a hereditary title that arose in the Middle Ages that was given men who offered his loyalty in exchange for land. Thus, barons usually possessed a fief. During this time period, there was no specific rank associated with the title. Barons existed in Great Britain, France, Germany, Italy and Spain. Decline of the Baron Title In France, King Louis XIV diminished the prestige of the baron title by making numerous men barons, thus cheapening the name.   In Germany, the equivalent of a baron was freiherr, or free lord. Freiherr at first connoted a dynastic status, but eventually, the more influential freiherrs  rebranded themselves as counts. Thus, the freiherr title came to mean a low class of nobility.   The baron title was abolished in Italy in 1945 and in Spain in 1812. Modern Usage Barons are still a term used by certain governments. Today a baron is a title of nobility ranking just below that of a viscount. In countries where there are no viscounts, a baron ranks just below a count.

Preview 8 Hayek, The Road to Serfdom Essay Example | Topics and Well Written Essays - 750 words

Preview 8 Hayek, The Road to Serfdom - Essay Example But unfortunately its meaning is highly ambiguous† (76). The book attempts to bring out what is good to humankind while at the same time addressing how best humankind can manage to embrace good for communal happiness. Following these, the book focuses on the need of freedom for all with more concentration on the minority and economic affairs. This is evident in where he states that â€Å"the will of a small minority be imposed upon the people† (107). This is in support of the minority so as to have them enjoy the share of freedom, property and money through centralized goals. THE NATURE OF HAPPINESS IS socially determined. The book addresses issues of social injustices which are in most cases detrimental to the minority. This is particularly with regards to property and freedom. He focuses on satisfaction for all so as to ensure there is freedom and social equity for all when he states that â€Å"the world needs that which is satisfactory† (98). It is through a sa tisfied world that the minority will also have a place and voice. He therefore calls for centralized planning as well as organization which will ensure that all the society is happily considered. He talks of a social welfare which is concerned with the needs of the general society rather than neglecting freedom in the economic affairs of the minority. The nature of happiness according to the author is based on continuity of prosperity through a centralized planning that is capable of contributing to totalitarianism. He stresses the need to â€Å"replace the impersonal and anonymous mechanism of the market by collective and ‘conscious’ direction of all social forces to deliberately chosen goals† (28). This is in effort to advocate for social justice as far as societal goals are to be achieved collectively. Freedom and coercive representation of the entire society are therefore key according to the author. THE NATURE OF COSMOS is depicted as a threat to realization of economic freedom and social justice if individual freedom is not concentrated on. There are a number of issues pointed out in the book which are responsible for economic problems faced in the society. The author states that the destiny of our development will eventually rely upon how we take care of the investment issues we ought to face (48). He identifies both economic and social concerns as the most pertinent issues which render the minority to be discriminated. However, he presents socialism as a means by which equality is driven into the society by way of increasing reverence for governing states. Intervention through governmental efforts is identified as the appropriate ways through which to effectively manage economic affairs and guarantee individual freedom. This is capable of being achieved through policies to regulate different aspects such as health, education, economic platforms in the markets among others. Hayek states that the characteristic rationale of communalis m makes it difficult to keep it to a restricted circle (76). This is capable of playing a big role in ensuring that coercion is achieved as far as freedom and economic strength are to be attained. Nonetheless, the book attempts to bring out connection between socialism and fascism through involvement of democratic atmosphere and

IMPACT OF INTEREST RATES ON THE HOUSEING MARKET Essay

IMPACT OF INTEREST RATES ON THE HOUSEING MARKET - Essay Example In terms of the 15 and 30 year mortgage rates since 2001, the rates have remained close to the interest rates set by the Feds. The connection between the two is certainly obvious therefore an understanding of the federal rate is important to obtain an understanding of the housing market. The federal rate is the rate of interest at which depository institutes loan out their holdings in the Federal Reserve to other depository institutes on an overnight basis (Arnold, 2005). This rate is different from the discount rate which the Federal Reserve uses to calculate loan payments for financial institutions. The federal rate has many important implications for the economy of the country and changes in this rate would affect everything from mortgage rates to the stock market. It also has a significant impact on economic growth depending on several factors in the monetary policy being followed by the country. Fundamentally, the Federal Reserve System operates to ensure that all American banks keep a certain level of reserves which are normally a percentage of the value of the bank’s demand accounts (Arnold, 2005). Since this is a regulatory requirement, banks may borrow money from each other to maintain such a level of reserves and the interest rate paid between banks would be the Federal Rate. Through these means, the Federal Reserve has considerable power over the supply and demand for balances of Reserve Banks. The monetary experts at the Federal Reserve are supposed to ensure that the rate is set at such a level that it will create economic growth and stability in the economy. However, the economic demands have to be balanced with the political and social realties which may influence how and at what exact level the rate is set (Wikipedia, 2006). The Federal Reserve therefore adjusts the rate periodically to keep the economy running smoothly. However, even a

Extreme measures movie Essay Example | Topics and Well Written Essays - 2250 words

Extreme measures movie - Essay Example While he is curious, his superiors at the hospital tell him to drop the matter. When he does not stop asking questions, his life starts to unravel around him. His house is ransacked and when the police arrive they discover cocaine in his bedroom which Luthan claims was not his. He is charged and convicted which leads him to lose his medical license and he becomes friendless as he is thought to be a drug user. Desperate for answers that can get him his life back, he manages to talk to some homeless people who lead him to an organization governed by Dr. Myrick (Gene Hackman) who is performing dangerous experiments on homeless people without their consent. Further, Luthan finds out that all of the subjects of these experiments have died. Luthan himself experiences the pain and misery of those who suffer from paralysis when he is led to believe that an injury to his spinal column has left him paralyzed from the neck down. However, he discovers that to be untrue and regains use of his limbs. He manages to find out where the experiments are being conducted through the help of the ‘moles’ who have an uneasy co-existence with the homeless people and finally confronts Dr. Myrick. Dr. Myrick tries to bring Luthan into the organisaiton and wants him to join his team of doctors. However, Luthan refuses since he does not believe that taking the life of an individual, no matter how worthless that life is, is the right thing to do. The confrontation ends with an FBI Agent accidentally shooting Dr. Myrick and the whole scheme is laid bare. Some time on in the future, the wife of Dr. Myrick meets with Dr. Luthan who is practicing medicine again and she hands him a package containing the tapes and the documents Dr. Myrick was working on. It is unclear if Dr. Luthan would use the research done by Dr. Myrick but he certainly seemed interested in it. The message contained within the film is simply, truth triumphs over evil and

Consider culture as an expression of identity and explore the ways in Essay

Consider culture as an expression of identity and explore the ways in which literature and art are used to shape that identity f - Essay Example This paper offers a discussion of the ways in which literature and art can be used to shape an identity for political purposes. It will argue on the purpose that is played by literature and art on one hand and politician on the other as well as how both relate in the support for political viewpoints, assumptions, policy and agendas. As Fearon (1999) points out, identity is a way in which a certain group in the society sees and defines itself and the way the other groups and individuals in the society see and define them. The group forms its identity through a socialization process which eventually influences the prevailing social institutions like the mass media, education system and the family. Identity is very important since it marks the similarities and differences that exist in the society. Identity is used to bring about a factor like social class with its own lifestyle, clothes, income level, shopping places, TV programmes and movies, leisure, sport, music, food, accent and ma ny other activities that emphasizes a certain class. Eventually, when individuals and groups identify themselves through such kind of life, it becomes a way of life or a culture of its own. The alleged characteristics and behaviors are hence used to place individuals in a certain social category. Social identity in the first instance is a label that groups a number of people by their shared features. However, beyond labeling, it has a number of implications that reflect in cognitive beliefs, emotional association or behavioral consequences Castells (2011). The feeling of inclusion to a cultural group is important to individuals’ sense of self and their relationship with others. Cultural identity is expressed through certain ways of dressing, earning, participation in rituals and sharing certain types of information. Pieces of literature and art work are progressively produced and consumed by the society. Both artists and political groups represent a future reality that must b e communicated to the society. On one hand, a dominant class that has assumed or wishes to assume power educate themselves with books, photographs, making trips to cultural homeland, videos and those knowledge materials passed down from elders. By arming themselves with accurate information about a culture, they are able to express it fully. As Castells (2011) observed, in most society today, a high culture that is seen as superior to other culture can be identified. There are aspects that high culture uses as a way to be set apart from day-to-day life. The culture is presented as something special and one to be treated with reverence and respect. To sustain that supremacy, there are things that are part of the heritage and with lasting value that are taken as worth preserving. Literature and art consist of major products and are often found in special places including museums, concert hall, galleries and theatres. High culture uses products like serious news, documentaries, program mes and classical music to hold privilege and great power in society. These products are used to assert or make the other forms of cultures to see, accept and recognize that identity. These products are used as socially distinguished features that allow a person to have special pride in, honor,

Production Of A Klashnikov Coursework Example | Topics and Well Written Essays - 1250 words

Production Of A Klashnikov - Coursework Example Part 1: One of the production method used in producing most of the riffle part is through KB-P-580, which serves to be more reliable than most of the other production method and way more better handling characteristics, this method was used in 1948 in Izhevsk factory. Its banana shaped magazine or cartridge is manufactured through curve which is smoothly fed with ammunition, the steel used is quite heavy mixed together with feed-lips which makes it highly resistant to damage in the long run. The design of the magazine is borrowed from other guns and was used in AS-44 model by the soviets. The receiver which anchors the integrated gas piston and the trigger is made of sheet metal with milled trunnion insert. In the year 1940, it took about 150 totally different machine motions to make it.so the new method of making it has differently changed it and help reduce the weight of the gun to only 8 pounds. The gas piston and bolt carrier contained in the receiver were deliberately structured to fit loosely in the receiver and the aim for this is to stop carbon buildup, dust and rust. What should be noted here is that this method of loose fit was borrowed from other designers like Sudayev and the concept was used by several other people after his death. The stock of the AK-47 rifle is made of wood. There have been a lot of developments when it comes to the making of this particular type of gun and some of its features being borrowed from other gun designs. Guns which have folding stocks are better fitted for tighter spaces for instance airborne troops. A combination of the bolt carrier and gas piston make up the gas piston which is a design that is not original but borrowed from another gun. The design is made to provide more energy to the operating system of the gun. How it works is that, when each round is fired, there is a gas which enters into a chamber through a port in the top of the barrel which in turn drives back a piston that then withdraws the bolt from the chamber and removes the already used cartridge. The magazine contains a spring which pushes the next cartridge into its place. There is a return spring which pushes the piston and bolt in front placing the cartridge in its chamber in readiness to fire once again. This system is much better since its stroke is 50% longer than usual which makes the gun versatile and still performs even when infiltrated by foreign substances like water which impedes lubrication. The protective coating of the gun is a phosphate coating which increases its reliability when it comes to rus ting. The chamber and barrel of the gun are actually chromed which also helps fight rusting. These anti-corrosive features of the gun are very key when it comes to harsh climate conditions like in times of war. Compared to other guns like an M16 before their chambers and barrel were chromed and which there protective coating were vulnerable to corrosion, AK-47 stood out in this aspect. The selectors switch which regulates when the gun can fire and when it cannot. The options of the switch are; safe, semi-automatic and automatic. When the gun is in the safe mode it is not able to fire. When it is the semi-automatic the shots are single shot and finally the automatic mode which fires rounds in a continuous mode when the trigger is pulled. Finally the trigger of the gun is a borrowed design from the M1 design created by John c and a German gun maker called Schmeisser who was in prison at the time the legendary AK47 rifle was made. Part 2: One production method I would use to produce th e riffle is Izhmash production method which produces around 95 units per hour which is an equal amount of over 1 million units per year. The fact that while using this method most parts are joined using hands, makes it more effective and accurate increasing