Company Analysis Famous Brands - Free Essay Example

Bibliography www.famousbrands.co.za/ (15 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 06 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 2015) www.famousbrands.co.za/downloads/report/annual_report_2014.pdf (20 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 06 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 2015) www.famousbrands.co.za/brands/steers.php (20 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 06 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 2015) What is Famous Brands? Famous Brands Ltd is an investment holding company listed on the JSE Securities Exchange under the category Cyclical Services: Leisure amp; Hotels. The company is an integrated food and beverage company whose primary activities include the franchising of trademarks, either company owned or licensed, to Quick Service Restaurant franchises and the manufacture and supply of products to these franchisees and the retail trade. . History of Famous Brands Famous Brands was started in the 50à ¢Ã¢â€š ¬Ã¢â€ž ¢s by a family called Halamandaris (well thatà ¢Ã¢â€š ¬Ã¢â€ž ¢s their actual name, but were referred to as Halamandres because of a mistake by an immigration official). The family had just 50$ between them and wanted to work hard to achieve something. An idea that was to pave the road of success for this family in the 1960à ¢Ã¢â€š ¬Ã¢â€ž ¢s was by George, one of the brothers, to give Johannesburg an American style steakhouse by the name of Steers. Steers was a huge success and because of this many more restaurants were opened and franchising was introduced to the South African market. Unfortunately at the end of 37 years of hard graft the familyà ¢Ã¢â€š ¬Ã¢â€ž ¢s combined stake in the business only amounted to R35 à ¢Ã¢â€š ¬Ã¢â‚¬Å" R 40 million. The family wanted more than just a family business and so they turned to a man by the name Kevin Hedderwick (now currently the CEO of Famous Brands). Hedderwick joined what was then known as Steers Holdings as MD and revolutionised the business, turning it into a South African franchising giant. The five core members, Panayiotis, Theofanis, Periklis, John and Babis took the company public on the Johannesburg Stock Exchange on 9 November 1994 with a share price of R1. Then in August 2012 the company hits a share price of R74. From one store worth very little to over 2,000 stores and a company worth in excess of R6 billion. Every brand held by Famous Brands Limited is the leader in their category. Famous Brands is in fact so successful that they were voted as the first and overall winner in the Financial Mail Top 20 Companies. Famous Brands is today Africaà ¢Ã¢â€š ¬Ã¢â€ž ¢s biggest quick service and casual dining restaurant franchisor and also has representation in the United Kingdom. The global footprint of the group stands at more than 2 000 franchised restaurants spread across South Africa, 16 African countries and the United Kingdom. Following their already successful journey, the stock price hit R100 in August 2013 and is now as of April 2015 sitting at R122.00. The company owns many businesses, but their claim to fame and biggest mainstream brands include: Steers, Wimpy, Debonairs Pizza, FishAways, MB, Keg, Oà ¢Ã¢â€š ¬Ã¢â€ž ¢Haganà ¢Ã¢â€š ¬Ã¢â€ž ¢s and Milky Lane. Swot Analysis No business can be truly successful unless they have undergone a SWOT analysis which aims to illustrate the strengths and weaknesses of the business as well as the opportunities and threats present. Strengths: First and overall winner in the Financial Mail Top 20 Companies The company has strong ethical values which allows trust, integrity and honesty within the business. Profits are more than adequate to grow the business. This is certainly the case for Famous Brands, they are a spiral of upward success. The symbol à ¢Ã¢â€š ¬Ã…“Famous Brandsà ¢Ã¢â€š ¬Ã‚  is immediately recognised and trusted by customers. Competent planning means that there is always time for creative thinking and organisation Weaknesses: Business could become too dependent on Kevin Hedderwick Solution: It is important that every member of the business takes equal amount of responsibility. This will ensure smooth flowing and effectiveness within the business. Size and scale of global business Making it hard to control standards and quality Solution: This is actually a positive as it means the business is operating outside of its local barrier. The one thing that could be done in this case is having more members to make the global issue easier. The need for low cost products This needs to be balanced in order to produce good quality products. Solution: There is a need for low cost products amongst customers. This needs to be balanced, the business has to charge a reasonable amount so that they can make a profit whilst keeping customers happy with a price they are happy to pay because they know they are paying for quality. Differentiation of products from competitors à ¢Ã¢â€š ¬Ã¢â‚¬Å" it is hard for the business to continually differentiate themselves in a market which has many similar competitors Solution: To have workers that are extremely creative and innovative; always 5thinking of new ideas to spark life into their products. Future competition à ¢Ã¢â€š ¬Ã¢â‚¬Å" Famous Brands has no control of new arrivals in the market, this could pose a threat to the profitability of the company Solution: nothing can be done about this, the business has no control. The best way to compete with this is to have a positive mind set and only focus about your own business. Opportunities: Kevin Hedderwick is an experienced entrepreneur and is the CEO of Famous Brands. The company is in good hands If proper market research is conducted, it will give the company a good idea of what they can do to improve their business as well as what their competitors are doing. Global business à ¢Ã¢â€š ¬Ã¢â‚¬Å" companies oversees owned by Famous Brands are a healthy flow of income. This also raises company popularity Innovative business culture à ¢Ã¢â€š ¬Ã¢â‚¬Å" have a culture within the business that allows for innovation and creativity to assist in staying on top of market trends and adapting to external factors to help the business thrive New products which are better than competition products Threats: Growing competition New entrants to the market who are selling the same good quality products Solution: Ensure that your business is the best. Make sure that there is a strong ethical value within the business. But most importantly, treat your customers with the utmost respect. Rising cost of raw materials à ¢Ã¢â€š ¬Ã¢â‚¬Å" the business will be nowhere without the raw materials and if the price of those is rising, the company will lose money Solution: Try find a store that sells fresh produce at a reasonable price. But keep in mind, one must never substitute quality produce for a cheaper price. Market demand à ¢Ã¢â€š ¬Ã¢â‚¬Å" shift in consumers tastes. Consumers might get à ¢Ã¢â€š ¬Ã‹Å"overà ¢Ã¢â€š ¬Ã¢â€ž ¢ a particular taste (in this case a particular style of fast food) and switch to a competitor. Solution: This is a tough one. Because the reason you are successful is because of the original taste of your products. So changing this up may repel customers and send them to your competition. Famous Brands, like any business, will have competitors. Theirs are as follows: KFC McDonalds Spur Kauai Chicken Licken Burger King Nandos Romanà ¢Ã¢â€š ¬Ã¢â€ž ¢s Pizza Scooters Pizza Something Fishy Corporate Governance Famous Brands have certainly incorporated Corporate Social Responsibility as part of its corporate governance. CSR is all about getting businesses to move toward an involvement approach of giving time, skills and effort to improve the lives of other people. Famous Brandsà ¢Ã¢â€š ¬Ã¢â€ž ¢ corporate governance and sustainability is presented to show its shareholders how the company: Applies the principles of good corporate governance Manages risk Considers its ongoing sustainability Invests in the wellbeing of its people and society Just as an example of good CSR, Steers, a business owned by Famous Brands save a portion of their dough that is not used and bake it into bread to give to the poor and homeless. This is but a small example of where Famous Brands has initiated CSR and proves that they invest in the wellbeing of its people and society. The business itself competes quite well with its competitors and it clearly shows that their customers are loyal and respectful. Ethical Financial Reporting Financial reporting is the process of producing statements that disclose an organizations financial status to management, investors and the government. This section talks about whether or not Famous Brands implements ethics into their financial reporting. Financial Reporting 2014 Revenue Up to 8% to R1674 million Operating profit Up 17% to R305 million Headline earnings per share Up 29% to 206 cents Cash generated by operations Up 25% to R346 million Return on equity for 2014 Is 36% Code of ethics / Code of Conduct Code of Conduct Compliance with laws and Regulations Employees must follow applicable laws, rules and regulations at all times. Employees with questions about the applicability or interpretation of any law, rule or regulation, should contact the Legal Department. The Code of Business Conduct of Famous Brands serves to guide the actions of the employees consistent with the Company values. The Code helps the people do the right thing and play by the rules wherever they operate around the world. Conflict of interest A Conflict of Interest occurs when personal interests of an employee or the interests of a third party compete with the interests of Famous Brands. In such a situation, it can be difficult for the employee to act fully in the best interests of Famous Brands. Employees shall avoid Conflicts of Interest whenever possible. If a Conflict of Interest situation has occurred or if an employee faces a situation that may involve or lead to a Conflict of Interest, the employee shall disclose it to his or her Line Manager and/or the HR or the Legal or Compliance Function to resolve the situation in a fair and transparent manner. Code of Ethics A guide of principles designed to help professionals conduct business honestly and with integrity. A code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organizations core values and the standards to which the professional will be held. The main relation that Famous Brands has to ethics is that it must teach and educate the employees of the company on what is seen as ethical behaviour and what is not. The Company has a system in place where all new employees are required to pass a test. The test is very simple, but yet again ethics is not something difficult to grasp it is merely the correct way to act and behave when invo lved in the business environment. All new employees are required to pass the test before they are allowed to begin working for the company. Famous Brands also has a system in place that makers certain that existing workers of all levels act in an ethical way when conducting themselves in the Famous Brands business environment. The system also ensures that that all customers feel happy and comfortable when deciding to consult or support the Famous Brands Business. Sustainability With regards to the above information and the timeline, I believe Famous Brands is a sustainable business and if they keep going the way they are they will most certainly improve their reputation and continue to grow and develop under the watchful and controlling eye of Kevin Hedderwick. Business sustainability is often defined as managing the triple bottom line a process by which companies manage their financial, social and environmental risks, obligations and opportunities. These three impacts are sometimes referred to as profits, people and planet. Famous Brands manages their financial, social and environmental risks and obligations and opportunities. It is because of this that I am in favour of Famous Brands being a sustainable business. I believe they will be around for a long time if they carry on the way they are. Timeline of Famous Brandsà ¢Ã¢â€š ¬Ã¢â€ž ¢ Milestones

Definition and Examples of Antithesis in Rhetoric

Antithesis is a  rhetorical term for the juxtaposition of contrasting ideas in balanced phrases or clauses. Plural: antitheses. Adjective: antithetical. In grammatical terms, antithetical statements are parallel structures.   A perfectly formed antithesis, says Jeanne Fahnestock, combines isocolon, parison, and perhaps, in an inflected language, even homoeoteleuton; it is an overdetermined figure. The aural patterning of the antithesis, its tightness and predictability, are critical to appreciating how the syntax of the figure can be used to force semantic opposites (Rhetorical Figures in Science, 1999). Etymology From the Greek, opposition Examples and Observations Love is an ideal thing, marriage a real thing.(Goethe)Everybody doesnt like something, but nobody doesnt like Sara Lee.(advertising slogan)There are so many things that we wish we had done yesterday, so few that we feel like doing today.(Mignon McLaughlin, The Complete Neurotics Notebook. Castle Books, 1981)We notice things that dont work. We dont notice things that do. We notice computers, we dont notice pennies. We notice e-book readers, we dont notice books.(Douglas Adams, The Salmon of Doubt: Hitchhiking the Galaxy One Last Time. Macmillan, 2002)Hillary has soldiered on, damned if she does, damned if she doesnt, like most powerful women, expected to be tough as nails and warm as toast at the same time.(Anna Quindlen, Say Goodbye to the Virago. Newsweek, June 16, 2003)It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way.(Charles Dickens, A Tale of Two Cities, 1859)Tonight you voted for action, not politics as usual. You elected us to focus on your jobs, not ours.(President Barack Obama, election night victory speech, November 7, 2012)Youre easy on the eyesHard on the heart.(Terri Clark)We must learn to live together as brothers or perish together as fools.(Martin Luther King, Jr., speech at St. Louis, 1964)The world will little note, nor long remember what we say here, but it can never forget what they did here.(Abraham Lincoln, The Gettysburg Address, 1863)All the joy the world containsHas come through wishing happiness for others.All the misery the world containsHas come through wanting pleasure for oneself.(Shantideva)The more acute the experience, the less articulate its expression.(Harold Pinter, Writing for the Theatre, 1962)And let my liver rather heat with wineThan my heart cool with mortifying groans.(Gratiano in The Merchant of Venice by William Shakespeare)Jack Londons CredoI would rather be ashes than dust! I would rather that my spark should burn out in a brilliant blaze than it should be stifled by dryrot. I would rather be a superb meteor, every atom of me in magnificent glow, than a sleepy and permanent planet. The proper function of man is to live, not to exist. I shall not waste my days in trying to prolong them. I shall use my time.(Jack London, quoted by his literary executor, Irving Shepard, in an introduction to a 1956 collection of Londons stories)Antithesis and AntithetonAntithesis is the grammatical form of antitheton. Antitheton deals with contrasting thoughts or proofs in an argument; Antithesis deals with contrasting words or ideas within a phrase, sentence, or paragraph.(Gregory T. Howard, Dictionary of Rhetorical Terms. Xlibris, 2010)Antithesis and AntonymsAntithesis as a figure of speech exploits the existence of many natural opposites in the vocabularies of all languages. Small children filling in workbooks and adolescents studying for the antonyms section of the SAT learn to match words to their opposites and so absorb much vocabulary as pairs of opposed terms, connecting up to down and bitter to sweet, pusillanimous to courageous and ephemeral to everlasting. Calling these antonyms natural simply means that pairs of words can have wide currency as opposites among users of a language outside any particular context of use. Word association tests give ample evidence of the consistent linking of opposites in verbal memory when subjects given one of a pair of antonyms most often respond with the other, hot triggering cold or long retrieving short (Miller 1991, 196). An antithesis as a figure of speech at the sentence level builds on these powerful natural pairs, the use of one in the first half of the figure creating the expect ation of its verbal partner in the second half.(Jeanne Fahnestock, Rhetorical Figures in Science. Oxford University Press, 1999)Antithesis in Films- Since . . . the quality of a scene or image is more vividly shown when set beside its opposite, it is not surprising to find antithesis in film . . .. There is a cut in Barry Lyndon (Stanley Kubrick) from the yellow flickers of a flaming house to a still gray courtyard, lined with soldiers, and another from the yellow candles and warm browns of a gambling room to the cool grays of a terrace by moonlight and the Countess of Lyndon in white.(N. Roy Clifton, The Figure in Film. Associated University Presses, 1983)It is clear that in every simile there is present both differences and likenesses, and both are a part of its effect. By ignoring differences, we find a simile and may perhaps find an antithesis in the same event, by ignoring likeness. . . .- In The Lady Eve (Preston Sturges), a passenger boards a liner by tender. This was conveye d by the two vessels whistling. We see a convulsive spurt of water and hear a desperate, soundless puff before the siren of the tender found its voice. There was a stuttering amazement, a drunken incoordination to these elaborate preliminaries, foiled by the liners lofty unruffled burst of sounding steam. Here things that are like, in place, in sound, and in function, are unexpectedly contrasted. The commentary lies in the differences and gains force from the likeness.(N. Roy Clifton, The Figure in Film. Associated University Presses, 1983)Antithetical Observations of Oscar Wilde- â€Å"When we are happy, we are always good, but when we are good, we are not always happy.†(The Picture of Dorian Gray, 1891)- â€Å"We teach people how to remember, we never teach them how to grow.†(The Critic as Artist, 1991)- â€Å"Wherever there is a man who exercises authority, there is a man who resists authority.†(The Soul of Man Under Socialism, 1891)- â€Å"Society often for gives the criminal; it never forgives the dreamer.†(The Critic as Artist, 1991) Pronunciation: an-TITH-uh-sis

To What Extent Can Free Trade Be Viewed as Beneficial to...

To what extent can free trade be viewed as beneficial to economic development? Trade is one of the oldest types of economic activities known to mankind. Through decades of refining and developing, the traditional method of trading goods has evolved into exchanges of products and services. In the 18th century a British economist, Adam Smith, defined the first principle of unrestricted trade or ‘free trade’. Free trade states the possibility of exchanging goods or services without government interference, tariffs or taxes. Free trade raises competition and increases efficiency all over the world. Countries open up their borders by free trade agreements and establishing open trade routes. It expands national borders and increases the†¦show more content†¦Money that local people spent in the supermarket probably does not stay in the community. Many states or countries encourage free trade and recognize the importance of overseas markets to domestic growth. California boasted $1.7 billion of exports in 1999 and supported those exports with $13.5 million of subsidies annually. (Cornell University) Some are concerned, however, that the trade agreements do not take important public feedback in to account and that may damage domestic legislation. Another argument against free trade is that the risen competition is not ethical for countries. The free trade territory is very competitive. Prices are supposed to be at their cheapest possible rate because the costumer has the opportunity to get their products from somewhere else in the world. Poor countries have to keep up their efficiency and countries that do not specialize are in trouble. On Balance the conclusion seems clear, it is fair to say that free trade does not benefit everyone. However, it does help the economy to grow. Throughout history it has proven to â€Å"boom† the economy. After the Second World War Europe was in ruins. The U.S.A. and Britain agreed to start cutting down on tariffs in 1944 as part of the famous Bretton Woods agreements, (World Socialist Movement). As a result of this, world trade grew by 8.7% between 1963–72. (Sklar) Without these free trade agreements itShow MoreRelatedThe Trans Pacific Partnership1549 Words   |  7 PagesJune, which will allow the Obama administration to negotiate trade deals with limited congressional input. The limited number of direct beneficiaries of the CETA, TPP and the other global treaties, are most desperate to keep from the prying eyes of the potential global un-preferred shareholders and the harmless non shareholders. A tariff is a tax imposed on imported goods and services. The main reason for tariffs is to restrict trade, as they increase the price of imported goods and services, theyRead MoreThe Chinese Culture And Chinese Values1489 Words   |  6 Pagesimpress the Emperor to begin establishing stronger trade relations with China. 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Internalizing My Personal Interactions with Others Essay

Early Childhood Early childhood is a significant time of physical, cognitive, social and emotional development in my life. Seeking emotional regulation is crucial in this period. I remember an instance in my life when I was still in preschool. Our teacher asked us to stand up because we are going to pray before we eat our snack, but I did not stand up so the teacher called my attention. I just stood up and bowed my head till the prayer was finished. I was so ashamed that I cannot even look at the surroundings and my classmates in the classroom. Since I was really shy at that time, I was not able to finish my preschool class. With this attitude, I realized that I have an internalizing problem. Internalizing problems occur when a child has†¦show more content†¦This is the time where I experience tremendous growth and changes in my body as this imply the onset of puberty. Likewise, this stage is important to me as it helps me to be a responsible and mature individual at a young age. One partic ular event in my life that I will never forget was when my mother got sick of kidney disease. During this period, I felt I needed to grow up early for my family especially for my younger siblings. My mother was confined in the hospital for weeks, and I was the one left to attend the needs of my brother and sister. I knew I had to be strong for them. At a young age, I learned how to cook, help in their assignments and take care of them. It was tough since I was also studying at that time. I had to adapt to the situation and be in charge of them. This incident caused me to value my family for more than anything else. In a way, familism influenced my life. Familism is the belief that family members should care for one another even if it means sacrificing one’s own freedom and success (Berger, Depression, pg. 377). Going through a challenging time in my adolescent year made me tougher and selfless for my family. 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The Impact Of Tourism On The Hospitality Industry

INTRODUCTION Tourism is defined by the activities of persons identified as visitors. A visitor is not only someone who is travelling for leisure. A visitor is also someone who is making a visit for less than a year to a main destination outside his/her usual environment for any main purpose including holidays, leisure and recreation, business, health, education or other purposes†¦ (http://www2.unwto.org/) The hospitality industry includes enterprises that provide accommodation, meals and drinks in venues outside of the home. These services are provided to both domestic and inbound visitors. Tourism is, without doubt, one of the major social and economic phenomena of modern times. Despite that the early 1900s, as a social activity,†¦show more content†¦The success of tourism makes it a key contributor to the UK’s economic and social wellbeing. The visitor economy is now worth  £113bn a year and employs more than three million people and continues to provide new opportunities for employment across the country, including areas where other employment opportunities are limited such as rural communities. It supports directly and indirectly thousands of businesses and has an interdependent relationship with a range of sectors including farming, transport, retailing, sport, museums, galleries and the arts, as shown on figure 2. Figure 2 (https://www.wttc.org/) The total contribution of tourism includes its â€Å"wider impacts† (i.e. the indirect and induced impacts) on the economy. The â€Å"indirect† contribution includes the GDP and jobs supported by: †¢ Tourism investment spending an important aspect of both current and future activity that includes investment activity, such as the purchase of new aircraft and construction of new hotels; †¢ Government â€Å"collective† spending, which helps tourism activity in many different ways, as it is made on behalf of the â€Å"community at large†, e.g. tourism marketing and promotion, aviation, administration, security services, resort area security and sanitation services; †¢ Domestic purchases of goods and services by the sectors dealing directly with tourists, including, for example, purchases of food and cleaning services by hotels and of fuel andShow MoreRelatedThe Size and Economic Impact of the Hospitality and Tourism Industry3276 Words   |  14 PagesThe Size and Economic Impact of the Hospitality and Tourism industry: Tourism is a massive industry in New Zealand. 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Also, it will increase income tax, marking, local communities, great attractions, historical staff and natural environment. This paper

Electronic Music Essay Research Paper ELECTRONIC MUSIC free essay sample

Electronic Music Essay, Research Paper ELECTRONIC MUSIC A ; RAVES On the phone, with flyer in manus, you listen uneasily to the pre-recorded waies on the Mission Control rave hotline. This valuable information can merely be accessed on the twenty-four hours of the event, but now that this is out of the manner, it? s clip to fix. Peoples of all ages, but largely between the ages of 17 and 26, frantically attack appropriate shops to buy their necessary? rave gear. ? They buy glow-sticks, glister, dark spectacless, sealed H2O, vicks vapo-rub, other bangles and hideous, frequently striped dressing. True ravers would drive for hours or wing to go to these world-wide conventions, and all portion the same thrust. You eventually arrive at your finish to happen a warehouse located on the outskirts of its several metropolis, with a big rabble of people urgently seeking to acquire in. It? s about 12:00 midnight and all are mentally and physically prepared to party for the following 9 or 10 hours directly, to eventually emerge from the doors to see daylight and non-ravers half manner through their twenty-four hours. The Webster dictionary defines? rave? and? techno? as? ? .RAVE8217? ra-v : To travel or progress violently: Storm: to express in lunacy or craze : To speak with utmost enthusiasm : To recite wildly : An abundantly favourable unfavorable judgment? ? .TECH*NO-pop : dad music having extended usage of synthesists In general pattern, a? rave? normally refers to a party, normally all dark long, unfastened to the populace, where loud? techno? music is played and many people partake in a figure of different chemicals. The figure of people at the event is unimportant ; it can run from 50 to 25000 people. The cost varies, but is frequently 25 to 30 dollars and is normally held in a distant, and secluded portion of town. The ages of those who attend are concentrated between 17 and 26 but genuinely scope from 14 to 40 or 50 old ages old. It? s common to hold several different suites playing different types of techno at the same time. ? Techno? or electronic music can be distinguished by its frequently deficiency of vocals, creative activity by synthesists or other electronic agencies and it? s remarkably fast round ; runing from 115-170 BPM ( Beats Per Minute ) , while commercial? dance? music is normally a upper limit of 70 or 80 BPM. The first significant piece of music composed electronically was the Illiac Suite ( 1956 ) by the daring composer Lejaren Hiller ( 1925? 94 ) . Each room is equipped with a Dj, a set of two or more turntables, walls of talkers located offset from the corners and impressive ocular effects: such as optical masers and visible radiation shows. The people that attend are dressed extremist instead. This consists of comfy yet originative garb. You would frequently see ravers have oning highly loose-fitting bloomerss, freshness in the dark organic structure suits, and finally any visually entising vesture with similar accoutrements. Heads of hair are frequently dyed with alone colourss and faces are covered strategically with glister and an mixture of black makeup for a slightly Gothic expression. All of these assorted signifiers of look, ocular effects, the bombardment of audio merely compliment the few chemicals used. Most members of the fold usage rapture in the signifier of tablet or capsule and/or acid. The light show and hideous costumes are geared to move as a stimulation for the psychedelic drug of the acid, but the music and overall environment is geared to the? mystifying? effects of rapture. Ecstasy, the tablet or capsule, is a adult male made drug derived from a works which green goodss legal, herbal rapture in the signifier of a liquid or over the counter tablets. Ecstasy is a combination of concentrated herbal rapture and velocity or diacetylmorphine, cocaine, or crystal methane, but neer incorporating a combination of the last three mentioned. This peculiar drug is said to hold small ocular effects, but more so physical effects. Your organic structure starts to experience fluffy as the energy produced from the velocity boots in. You about uncontrollably get down to travel to the round of the music while the grinding of the dentitions ( from the velocity ) is more noticeable. The badness of this crunching on your dentitions is lessened by the usage of a babe conciliator. This allows you to crunch on a soft rubber-like point absolutely suited for the oral cavity instead than the difficult enamel of the dentition. Regardless, your jaw musculuss will be sore. The more titillating effects of the drug come from the concentrated herb. In a sense, it drastically amplifies your sense of touch. Where a massage when sober feels like Eden, when on the drug a massage feels more like true rapture, as the name would propose. Once Vicks vapo-rub is used, it offers a bustle of hot and cold flashes and lubrication to the massage. Several braces of ravers can be seen giving massages while, more frequently than non, sitting at the base of either the environing walls or the walls of talkers. Similar to most types of music, techno has an appropriate method of dance, but unlike most other signifiers of dance, each single dances entirely. This allows you to execute independently, and being the chief activity, this besides allows you to show the extent of your endowment. Dancers normally use a brace of glow-sticks like the one enclosed to heighten their abilities. One is placed between the fingers of each manus. The most unafraid method would be under the index and little finger finger and over the ring and in-between finger. The fingers are so curled downward. Normally the glow-stick freshnesss brilliantly and comes in an mixture of colourss, however, this method allows the most light to be seen. Now, these glow-sticks are carefully manipulated to make a deliberate, changeless flow of intricate forms and colour, doing certain to use all the infinite available about the organic structure and keeping beat with the round of the pulsating music. The Dj? s play an of import function in the? Vibe? of the rave. They can about be considered a priest-doctor or a high priest of the fold. They control the? psychic ocean trips? of the terpsichoreans through his pick of uninterrupted, original music and their accomplishment in pull stringsing it. I think the importance of the music at a rave is slightly comparable to that of the music in an American Indian prisoner of war belly laugh. In both instances the music helps one to fall into an alter province. Music is by and large considered as enjoyable, but the music at a rave, and the rapture, aid to organize a sense of integrity by sharing an emotion and a sense of freedom. Yet, at the same clip you are revered for your individualism. For illustration, the more original and entising your dance is congratulated by a slapping of one of each individuals? thenars together, a rap on the dorsum, verbal satisfaction or merely a smiling or nod. The people are really friendly, because you seem to appreciate you for what you are instead than for what you are non. This differs from the typical nine environment. The friendly, broad attitudes of the ravers in concurrence with the frock, dance and overall layout let me to reason that traditional values and behaviour of society is rejected. Persons can make about anything in a rave as long as it does non impact person else. For illustration, I could deprive down to my pugilist trunkss and sit in the center of the dance floor and even though it isn? T done frequently, I can garauntee that it will be accepted. If I were to make a similar thing in Crobar ( a popular nine in Miami ) , I would quickly be ridiculed, and so removed from the premises. In the rite of clubbing in Miami would non accept this signifier of attitude. The rite of raving seems to advance a more broad position. A position based on entire freedom of look. This is evident by my old description. I have met a few ravers outside of the event and am able to reason that most of them are slightly typical citizens. They abide by the traditional values and behaviour imposed by society, but use the rave to allow travel and show themselves in a more showy mode. ? Ritual is a patterned, insistent, and symbolic passage of a cultural belief or value ; its primary intent is alignment of the belief system of persons with that of society. ? With this in head, we can now penetrate the thought that raving is a ritual. Raves can hence be seen from an anthropological position as a fold of members of a sub-culture, sharing similar emotions, beliefs, frock and behaviour, all governed by techno music and the Djs. They experience unity yet individualism, freedom of look, and a broad environment, all at the same time.

Developing the Executive Manager

Questions: Improve own managerial practice by 1. Collect and analyse feedback from appraisal/performance management systems and from colleagues about own managerial practice, and operational data about own management effectiveness? 2. Critically evaluate own management performance, based on performance information, with reference to significant management theories or models and school or trends in management thinking? 3. Use evaluation to identify strengths in own management practice and prepare an action plan to address areas for improvement? Answers: 1. Analysis of feedback from appraisal management systems The managerial appraisals are based on the performance reviews of peers, managers, self and supervisors and also the juniors. By employing the 360 degree performance appraisal system it is possible for the individual manager to record the individual prospective of all concerned persons and thereby enhance the performance level in accordance to the individual expectations (Bettis et al., 2011). The major responses are taken in the fields of Strategic planning skills, leadership, managerial skills, team-building skills, credibility and integrity, interpersonal skills and communication skills The following is a summarized sample 360-degree feedback form of a managerial position: Type of skills Present skills Overall Ratings Strategic planning skills Able to make analysis of the external business factors for determining the threats and the opportunities Uses clear logic to assimilate data Capable of identifying issues and analysis of complex situations Inclusions of what if scenarios for the long term strategic planning 8.1 Leadership Situational and transactional leadership skills exhibition Empathetic towards the views, situations and suggestions of the peers, subordinates and juniors (Axson, 2010) Able to handle the situations in calm and composed manner Good motivational skills Leads by examples and acts as a positive role model for others Takes responsibility in cases of emergencies and handles situation mildly 7.4 Team building skills Able to select correct members for team building sessions Co ordinate between the team members using verbal and non verbal skills Respects the opinions of all members within a team 6.2 Managerial skills Ability to provide feedback to peers and subordinates in order to improve their job Equal distribution of work and responsibilities Manages situations before they become a problem Ability to integrate cultural barriers and manage the workforce accordingly 6.5 Credibility and integrity Honest and credible approach to management of organizational situations Maintains accountability and hierarchy in the organization to ensure the ethical aspects of the workplace 5.2 Interpersonal and communication skills Effective verbal and written communication skills Ability to co ordinate effectively with subordinates and superiors and also the peers Effective listening skills Ability to resolve conflict among members Encourage members to conduct open conversations Gives personal attention to the problems of peers and sub ordinates 5.6 Ratings analysis of the 360 degree feedback collected from peer, manager, group members and comparison of the same with the self assessment rates. The comparison of the ratings shows that the self-assessment of the manager is lower compared to the ratings given by the team members, peers, superiors and subordinates hence the individual has a scope of improvement if the manager takes the comments in a constructive manner. The ratings are compared on the basis of the following proposed structure (Burgess, 2010) Options Extent demonstrated Not at all 0% To a small extent 255 To a moderate extent 50% To a great extent 75% To a very great extent 100% Not observed NA Figure 1: 360 appraisal ratings comparison (Source: Created by author) The overall analysis of the performance appraisal report shows the overall ratings of the performance level of the individual manager. The report measures the competencies of individual in the eye of the co members. The assessment shows that according to the co members of the organization the individual is capable to delivering the core competency skills like Exercising of confidentially to deal with sensitive issues Ability to show risk taking initiatives (Coulter, 2010) Ability to accept responsibility and make situational decisions Able to express ideas clearly and in an organized manner Ability to devise strategies that would motivate the employees and increase their productivity Effective delegation of the tasks helps to reduce the work pressure of the employees Ability to co ordinate the team members in order to integrate smooth work flow The use of this 360-degree appraisal system has helped the individual to gain wide range of perspectives and judgments. Moreover, the traditional feedback systems tend to damage the cordial relationship between the superior and the subordinate however; 360-degree feedback system generates a situation of teamwork, trust and integrity among the employees in an organization. The positive result of the appraisal also motivates the employee and creates a situation of job satisfaction (Ellis Hopkinson, 2010). However, the 360-degree form also gives the concerned parties the authority to provide recommendations on the skills they would like to see within a manager. The peers, subordinates and the supervisors in the case of the sample appraisal of the manager recommend the following skills. The manger should be aware of internal strengths and weakness and should be able to make correct self-evaluation The manager should also devise a personal strategic plan for goal fulfillment The manager should increase the level of self-confidence. The self evaluation ratings given by the manger shows that the manager lacks confidence in managerial skills Although the manger displays the ability to resolve conflicts among the team members, however the manager should also expose the conflicts into the open for resolution at times without getting personally involved in the situation (Dooren et al., 2010). The subordinates feel that the manger should give more personal attention to understand the key capabilities of the subordinates before allocation of tasks The peers and the supervisors suggest that the manager needs to develop effective recruiting skills in order to build an accurate team. The manager should also focus on providing cross training strategies and develop an effective job rotation system in order to motivate and increase the productivity of the employees. To increase the productivity it is necessary for the manager to set clear deadlines, involve participative leadership, conduct effective meetings, generate urgency and manage the project costs effectively. Finally, the manager should be able to persuade the team members in a positive manner to build new and creative ideas and make the employee productive. 2. Development of management theory According to Lynch (2012) the formal study of management started in the 19th century with the introduction of the concept of scientific management by Taylor. Taylors theory showed the importance of the managerial supervision in the successful completion of jobs. Fayols principles of management followed the concept of Taylor notifying that the managers are should have the authority to give orders and maintain a chain of command and unit of direction. The division of work was also an essential characteristic of the past managers. The chain was followed by Max Webers theory of bureaucratic approach. According to Max Weber the application of the bureaucratic leadership style helps the organization to include clearly defined job roles, maintain a hierarchy of authority, maintain standard procedures, helps in maintaining meticulous records of data and effective recruitment based on specific job qualifications (Ellis Hopkinson, 2010). The Human relations movement initiated by Elton Mayo was the next part of the management development. This theory stated that managers should be more people oriented than objective oriented (Lasserre, 2012). According to this theory, the knowledge about the emotional behavior of the people within the organization was more important compared to the other factors. Mayos theory stated that by recognizing the social needs of the employees the managers would be able to increase the productivity of the organization. Demings 14 principles of management significantly focused on setting standards that will improve the effectiveness of a business. The principles stated that a manger should be adoptive in nature and should train and mange the employees and departments with constancy and change according to the changing economy (Martin, 2010). Keeping in mind the modern and the ever-changing scenarios Peter Drucker formulated the concept of Management by objectives (MBO). Major organizations tend to follow the concept where the organization is required to define the objectives of the organization and train the employees accordingly towards the achievement of the same. The leadership styles for the mangers were suggested in Marry Parker Follets theory of management. The theory stated that a leader has to possess conflict resolution power and the genuine power exhibited by the leader should not be coercive rather it should be co operative. Based on McGregors X Y theory of motivation the manager within an organization needs to differentiate between the two types of individuals and accordingly use the human characteristics in order to devise the motivational techniques (Raso, 2010). Steven Covey and John Kotter states the most recent views about leadership. According to Covey leaders should manage things and lead people and according to Kotter the leader should further have the ability to cope with complex situations and changes. Thus based on the modern concepts the managers within the growing organizations are required to frame their leadership strategies. Critically evaluation of the performance based on management theories and models In the modern managerial prospective the managers are require to display situational leadership skills in order to manage the diverse work cultures. In the past the managerial skills and management techniques were essentially based on the 14 principles of Fayols management. To establish the principles of Fayols management the managers in the past scenarios had to show leadership skills based on the Follets leadership theories. However, in majority of the organization, the leaders in the past were found to be exhibiting bureaucratic leadership style. Martin (2010) opined that use of bureaucratic management theory of Weber helps to increase the efficiency of the managerial productivity. However opposing the above views Raso (2010) stated that using the contingency approach is the best way to organize and lead the company. A contingent leader is capable of applying their own decisive style and situational style in order to manage the changing circumstances. The use of the situational leadership is favorable in case of handling the organizations based on the rules of the system approach. The systems approach used in the modern management concept accepts the organization as an open system where the functions of the organization are affected by the interactions of its environment. Thus, maintenance of open communication skills is necessary for the achievement of the organizational goals. From the sample 360-degree performance appraisal analysis, it can be seen that the manager is exhibiting situational leadership styles as per the contingency theory. The individual manger in this case can also devise motivational techniques based on the type of employees working within the organization. In the modern setting the Stephen Coveys seven habits denotes the necessary skills that a manger should posses in order to enhance the managerial skills (Thompson Martin, 2010). The seven habits are namely being proactive, engaging in personal leadership, maintaining a priority list, adopt a winning attitude and deliver good communication skills. After the performance appraisal of the individual, the concerned peers will recommend the qualities like the individual should possess self-determination and should adopt a winning strategy by nurturing high confidence levels. The evaluation also shows that the manger has the ability to lead the group with motivational examples. Thus, the manager exhibits leading skills instead of ordering skills. Ellis Hopkinson (2010) added that leading skills would help the manager to reduce the burden or pressure and divide the risk among the team members equally. However, the evaluation shows that the manager is not goal focused hence it is recommendable for the manager in the sample analysis to adopt MBO concepts in order to successfully focus on an objective based approach. Evaluation of own strengths in management practice In order to successfully manage the workforce and direct them in achievement of organizational goals the following key strengths should be present within a manager namely Effective communication skills: Good communication skills help in promotion of congenial work environment and strengthen the connection between the employees and the mangers. Transparency and honesty in activities: Maintenance of transparency and honesty within the work procedure and direction regulations of the manager and the employees will help in smooth working progress within the organization. Ability to remove loopholes: The manager should adopt the MBO concept and set SMART goals in order to succeed in achievement of organizational goals. Motivation and positive feedback: The mangers should also be able to provide positive feedback to the employees that will indirectly contribute to the motivation of the workforce.Ellis Hopkinson (2010) stated that it is not always necessary to provide monetary benefits in order to motivate employees rather non-monetary and psychological benefits are also useful in motivation of the employees. Adaptable to technology: The major success factor of an organization is the successful implementation of the appropriate technological factors. The manger within an organization should be technologically informative and be able to embrace all types of technology and successfully implement the same in the organizational context. Preparation of action plan to address areas of improvement The following techniques will help the managers in improving their managerial skills The initial duty of the manager is to set and determine appropriate goals as per the priority lists of the objectives of the organization. The determination of the goals will help the manager to successfully allocate the targets to the employees. However, Lasserre (2012) suggested that the establishments of individual goals are also necessary for the improvement of organizational productivity. It is the duty f the manager to ensure that the goals are meaningful in terms of achievements. In the next process, the manager is required to develop SMART objectives. The determination of the smart objectives makes the attainment of the objectives logical. The manager should also set measurable, attainable and time horizon for each goal so that the employees will be able to make individual plans for the attainment of the objectives. The next process involves devising various strategies to improve employee productivity. The managers should introduce training sessions and informal meetings in o rder to increase the productivity and also to ensure that the employees can attain the objectives within the mentioned time limits. The next stages judge the responsibility levels of the manager. The manager with the help of situational leadership style should try to remove or reduce the hindrances in the path of goal attainment. Since the managers are the final accountable persons hence they should devise strategies to reduce the barriers in the attainment process of the organizational goal. In the final stages, the manager is required to assess the performance and the progress of the project. The assessment of the project performance will help the manager to trace the growth f the project and make necessary changes in order to increase the performance of the employees and make the project more productive. The final phase of the plan involves providing the employees with correct motivation. The managers are required to exhibit transactional and participative leadership style in the organization context. The participative style enables the managers to make positive discussions on projects. The positive and informative feedback provided by the mangers will help to increase the productivity and increase the progress of the works within the organization (Prager, 2010). Figure 2: Plan of performance appraisal (Source: Created by author) References Axson D (2010)The management mythbuster. Hoboken, N.J.: Wiley Bettis R, Mitchell W and Zajac E (2011) Prospectives section of Strategic Management Journal.Strat. Mgmt. J.. 33 (1), 107-107. Burgess M (2010) Relapse management strategies in multiple sclerosis: Theories and practice.British Journal of Neuroscience Nursing. 6 (6), 276-281. Coulter M (2010)Strategic management in action. Boston: Prentice Hall Dooren W, Bouckaert G and Halligan J (2010)Performance management in the public sector. New York: Routledge Ellis N and Hopkinson G (2010) The construction of managerial knowledge in business networks: Managers' theories about communication.Industrial Marketing Management. 39 (3), 413-424. Lasserre P (2012)Global strategic management. Houndmills, Basingstoke, Hampshire: Palgrave Macmillan Lynch R (2012)Strategic management. Harlow, England: Pearson Martin J (2010)Key concepts in human resource management. Los Angeles: SAGE Prager H (2010) Building a global management pipeline.Strategic Direction. 26 (9). Raso R (2010) Tackling time management and performance evaluation.Nursing Management (Springhouse). 41 (5), 56. Ross D (2010)People and performance management. Harlow: Financial Times Prentice Hall Thompson J and Martin F (2010)Strategic management. Andover: South-Western Cengage Learning Yoon B (2010) Strategic visualisation tools for managing technological information.Technology Analysis Strategic Management. 22 (3), 377-397. Zhang Q (2010) Application of Motivation Theories in Labor Safety Regulation.IJBM. 5 (3).