Tuesday, December 31, 2019

Questions On The On Teenage Pregnancy Essay - 3086 Words

EP1: Written Enquiry Plan Complete this template to provide information on your chosen KEC topic and its evolution into your final enquiry question. Do not delete the questions or remove the section headings—use the white boxes in each section to provide your answers. The size of each section indicates the approximate length of the expected answer. Do not double space. 1 LO1 Write a structured paragraph describing the evolution of your topic for the semester (150–250 words). †¢ What was the broad area of interest you initially identified? †¢ How did you narrow the scope of your topic down to a manageable size? †¢ How did you identify the key concepts you intend to focus on when formulating and researching your enquiry question? The broad area of interest initially identified was, â€Å"teenage pregnancy†. While researching for information on teenage pregnancy, findings showed that it was too broad as there were too many sub-topics. For example, cultural differences, impacts on families, society and many more. Therefore further research was conducted so that the area of interest could be narrowed down. The topic was refined to â€Å"How does socio-economic factors of teenage pregnancy affect the mental health of an adolescent mother in New Zealand?† as an appropriate enquiry question with the use of specific wordings and focused audience. According to the research done and information gathered focus was now put on the socio-economic factors that affects theShow MoreRelatedEssay about Sample Research Proposal on Teenage Pregnancy1172 Words   |  5 Pagesï » ¿Sample Research Proposal on Teenage Pregnancy    Introduction This research proposal implies on teenage pregnancy and its effect on academic progression. There will be association between teenage pregnancy and academic progression places evidence that education should put weight on reality adhering to teenage pregnancy. Understanding teenage pregnancy within UK context is adamant to the purpose of study. Thus, the expectation that teenage pregnancy will be reduced by proper academic programsRead MoreReflecting on Sources: An Assignment1879 Words   |  7 PagesDIRECTIONS: Complete each section of the Pre-Interview Worksheet below. Although students are not required to conduct an interview as research for the final project, the process of thinking about potential questions and responses related to the final project topic will help stimulate further ideas and questions related to conducting relevant and reliable research. Of course, you may also decide to interview the person discussed here or another appropriate subject and use the material in your upcoming projectsRead MoreThe Effect Of Teenage Pregnancy On Children1636 Words   |  7 PagesThis study examined the effect of teenage pregnancy on children by exploring the results of an ADHD survey, ASRS-v1.1. The study sampled 100 kindergarten students, 50 had teenage mothers and 50 had mothers who gave birth during adulthood. A quantitative research method was utilized along with the difference-oriented research strategy approach. The independent variable is identified as the age of pregnancy and the two variant levels are: pregnant teens, ages 13-19, and pregnant women in adulthoodRead MoreTeenage Pregnancy And Teen Pregnancy1546 Words   |  7 PagesTeenage pregnancy is pregnancy in human females under the age of 20 at the time that the pregnancy ends. Low-income communities have the highest teenage pregnancy rates in the United States. Because of the fact that this is a very controversial issue in the United States, it is very important that most questions be addressed. Questions like, why is a teenage girl in Mississippi four times as likely to give birth as a teenage girl in New Hampshire? Or why is the teen birth rate in Massachusetts 19Read MoreArgumentative Essay1417 Words   |  6 Pagesand Pregnant Promote or Discourage Teenage Pregnancy? Teenage pregnancy has become a major issue in today’s society for our adolescents. This is a major problem for all who are involved. It creates hurt and a struggle for on the parents, especially for the mother (Gonchar and Schulten). Also for the parent(s) of the teenager this creates struggles for them because more often than not, they end up with the load of caring and looking after the child while the teenage parents are at school or out doingRead MoreTeenage Pregnancy Essay772 Words   |  4 Pageschildhood experiences create risk factors that can impact teenage pregnancy? The answer is multifaceted and complex, but an important consequence of teenage pregnancy is to the baby itself. Children of teenage mothers have more health issues, are more likely to be abused, be less educated, and more likely to become criminals (Hillis, et al., 2004, p. 2). Moreover, because teenage mothers are poorer and have less emotional support, children of teenage mothers are more likely t o be abused both physicallyRead MoreTeenage Pregnancy And Parenthood As A Social Problem1466 Words   |  6 PagesTeenage pregnancy and parenthood as a social problem Question – To what extent should we regard the efforts of recent governments to reduce teenage pregnancy and early parenthood as successful? * Source 1 Williams-Wheeler, D. (2004). The unplanned pregnancy book for teens and college students, Virginia Beach, VA: Sparkledoll Productions. The information gathered from this source is definitely devoted to the topic of teenage pregnancy because it is a helpful guide to those handling unplanned pregnanciesRead MoreThe Issue Of Teen Pregnancy1722 Words   |  7 Pagesteen pregnancy which is still an enormous problem that needs to be addressed. The rates are still higher than they were only a decade ago. Becoming a parent permanently and profoundly alters a teenager s life. Most of the girls forget about their dreams of happy marriage, and become mothers at very early age. College is almost always out of the question, graduating High School becomes a goal most teenage moms don t achieve. Young girls having babies isn t new, as a matter of fact, teenage parenthoodRead MoreTeenage Pregnancy And Condom Use1459 Words   |  6 PagesRogerian essay Teenage pregnancy and condom use Teenage pregnancy and condom use are one of the greatest debated and an issue that people cannot seem to agree on. While some parties feel that giving teenagers’ sex education starting from an early age will go a long way in helping curb teenage pregnancies, others feel that this only accelerates the rate at which teenagers are getting pregnant with the constant exposure to information that they use wrongly. The main concern in this topic is how toRead MoreThe Importance of Comprehensive Sex Education to Decrease Teen Pregnancies894 Words   |  4 PagesIn the United States today, many teenage girls are facing lots of problems. New problems are rising such as an increased pregnancy rate among teenagers. Our teenage girls are less developed and unprepared for the problems which come along with their decision to have sex. It is also too early for teenage girls to become pregnant. Many teens think having a baby is some sort of joke. They believe it will never happen to them but the reality is that every time teens have sex, there is a possibility

Monday, December 23, 2019

Compare and Constrast Classical China and Classical India...

Though they had some different qualities, Classical China and India were very similar. The complexities of both India and China’s social hierarchy systems were very different. However their religious views and ideas were similar, and they both began to decline but were able to recover and maintain stability. Both China and India used social hierarchy systems, but they were used differently. India used a very strict system called Varna, or the caste system. People only associated with people in their class. Marriage outside of your class and helping people in lower classes was absolutely forbidden. People couldn’t even eat or drink with people outside of their class. The Chinese rules of social hierarchy were very different. The Chinese†¦show more content†¦Hinduism and Confucianism were very similar. In both religions there was no specific gods to be worshiped, but there was religious shrines. People were obedient to confucianism because it stressed respect to all people. The goal of Hinduism was to free your soul and reach moksha. In order to do so people had to follow the rules and do the right thing. Confucianism and Hinduism worked because all people benefited from them. Another major similarity of India and China was the cause and effects of the declines of their golden ages. Both India and China had strong enough civilizations to withstand the challenges they faced and not completely fall. Because of China’s strong political system and because of India’s uniform religion, both civilizations were able to recover and revive themselves. Nomadic invaders attacked both civilizations and this was a setback but strong emperors helped regain order. The strength of the political systems was also challenged. Arab invaders tried to convert India to Islam but failed because Indian religious leaders worked to strengthen HInduism. In China bureaucrats became corrupt and started fighting for power and assassinating each other. Thankf ully the Sui and Tang dynasties worked to regain power and they restored Confucianism because they knew it worked in the past. India and China lost power but they were able to maintain stability. China and India had some qualities that contrast each other, but the two civilizations were very

Sunday, December 15, 2019

Performance Evaluation Using Accounting Information Free Essays

What is performance evaluation? o Performance evaluations are formal review processes designed to encourage the informal day-to-day practice of performance management, while providing a framework in support of merit pay adjustments, promotion and employment decisions. Evaluating staff performance and helping employees develop their skills are important duties associated with performance management. Performance management begins with supervisors and employees collaboratively setting goals and standards, clearly communicating performance expectations and evaluating the results during the performance evaluation process. We will write a custom essay sample on Performance Evaluation Using Accounting Information or any similar topic only for you Order Now o A performance appraisal is a systematic and periodic process that assesses an individual employee’s job performance and productivity in relation to certain pre-established criteria and organizational objectives. o o Performance evaluation tools are quantitatively and qualitatively based. They utilize a scoring system that assesses numerical data relative to productivity, as well as characteristic data that measures the quality of the employee’s work. The indicators on performance evaluations include items such as business ethics, innovation, motivation, job knowledge, skills and expertise, communication, teamwork, work quality, professionalism, task management and project completion. Benefits of performance evaluation: †¢ Facilitation of communication: communication in organizations is considered an essential function of worker motivation. It has been proposed that feedback from performance evaluation aid in minimizing employees’ perceptions of uncertainty. Fundamentally, feedback and management-employee communication can serve as a guide in job performance. †¢ Enhancement of employee focus through promoting trust: behaviors, thoughts, and/or issues may distract employees from their work, and trust issues may be among these distracting factors. Such factors that consume psychological energy can lower job performance and cause workers to lose sight of organizational goals. Properly constructed and utilized performance evaluation has the ability to lower distracting factors and encourage trust within the organization. Goal setting and desired performance reinforcement: organizations find it efficient to match individual worker’s goals and performance with organizational goals. Performance evaluation provides room for discussion in the collaboration of these individual and organizational goals. Collaboration can also be advantageous by resulting in employee acceptance and satisfaction of appraisal results. †¢ Performance i mprovement: well constructed performance evaluation can be valuable tools for communication with employees as pertaining to how their job performance stands with organizational expectations. At the organizational level, numerous studies have reported positive relationships between human resource management (HRM) practices and performance improvement at both the individual and organizational levels. †¢ Determination of training needs: â€Å"Employee training and development are crucial components in helping an organization achieve strategic initiatives†. It has been argued that for performance to truly be effective, post-appraisal opportunities for training and development in problem areas, as determined by the appraisal, must be offered. Performance can especially be instrumental for identifying training needs of new employees. Finally, performance can help in the establishment and supervision of employees’ career goals. The Role of Accounting Information in Performance evaluation Accounting information consists of all data that a company records from operating activities and reports to the public at the end of a month or quarter. Accounting information is important for investors, analysts and regulators, management, employees, creditor and debtor. This information is also critical for a firm’s management because it provides insight into the company’s financial robustness and profitability in the short and long terms. Accounting data frequently is used in performance evaluations, because it is seen as an objective method to evaluate performance. While there are many advantages to using accounting information for this purpose, small-business owners should be careful to understand that there are drawbacks as well. Knowing the pros and cons of using accounting metrics can help business owners choose the right data to use for evaluating employee performance. Budget to Actual Many businesses expect employees to achieve budget targets as part of their overall performance. While the specifics requirements of each employee differ with the position and nature of the company, it is common for employees to be expected to sell a certain number of items, control costs versus a budgeted amount or reduce waste compared with a benchmark. A potential downfall of using budget information for performance evaluation is that employees may be so concerned with making budget targets that they may do so at the cost of other parts of the business. Sales Growth Sales employees and business management frequently are evaluated on the basis of sales growth. Sales growth usually is calculated as the percentage that sales have increased over the prior year. While this metric is commonly used to gauge performance, it does not come without drawbacks. If the general economy changes from year to year, then sales may naturally be increasing or decreasing. For example, if the economy is in decline, then employees may be modeling the correct behaviors, but sales may still be slow. In contrast, if the economy is growing, employees may be receiving the benefits of increasing sales while developing habits that will keep this sales growth from being sustainable in the future. Net Profit In many small businesses, net profit is used as a performance benchmark for the company’s manager. Condensing the operations of a business into its simplest form, net profit measures the amount of profit left after deducting expenses. While profit is important to businesses, focus on profit can have adverse effects on the company in the long term. For example, cutting advertising expenses will grow net profit in the short-term, but in the long-term, potential customers may not know about the company’s products. Expense Reduction For employees in charge of spending, it is common to evaluate performance based upon cost reduction. This can be a useful metric, as each dollar of expense saved translates into a dollar of profit. However, caution must be exercised, because this performance metric does not account for differences in quality. For example, if a purchasing manager is evaluating on reducing the expense of purchased metal for production, he could be rewarded for buying cheaper substandard material. As such, small-business owners should be cautious when using this metric in isolation. Profitability Analysis: Management analyzes profitability by reviewing the statement of profit and loss, also known as statement of income. This statement indicates a company’s revenue and expense items. Profit Margin Profit margin measures a company’s business performance over a quarter or month and equals net income divided by total revenue. Return on Equity o Return on equity provides an assessment of profit ability on owners’ capital and equals net income divided by shareholders’ equity. Working Capital Working capital is a gauge of a firm’s cash availability in the next 12 months and equals current assets minus current liabilities Budgeting o A budget helps a business know where money comes in and where it goes out. With accurate accounting, a business owner can make decisions to cut back in certain budget areas to improve the profit potential of the business. Without accounting data, the company would be forced to guess how much money should be allotted to each department or line item. A budget that is updated quarterly gives a clear picture of where the business stands financially so that smart money management decisions can be made. Investor Relations A public company has a responsibility to report the company’s financial standing to stockholders. The accounting department of the business creates a public report for investors with the intent of disclosing all financial data. Good accounting practices helps investors trust the management team as they know exactly the points of financial strength and weakness of their investment. A company that does not maintain accounting information would be in dange r of lawsuits, claims of fraud and lose access to relationships that provide capital necessary to running the business. Employee Retention Providing employees with accounting information helps them to make responsible decisions regarding their futures. A business that does not disclose or maintain accurate accounting information would gradually lose credibility with its employees. Employees with retirement accounts managed by their employers rely on the financial stability of companies to ensure their employers follow through Planning o Before most businesses even start operations, some level of planning is done to determine the level of success that can be achieved from operations. Businesses will examine current economic trends like consumer demand, market size, and number of competitors. This analysis helps companies determine which industry best suits their goods and services and then focuses on planning for the necessary plants and equipment needed to create successful business operations. Management Decisions o Once a business starts producing goods and services, executive managers must review each level of the company to ensure that each department is functioning at its peak. Some departments may need to be overhauled to re-create a competitive environment that produces high-quality goods and services. Additionally, management will use accounting information to decide if their company could improve operations by purchasing a competitor or enter a new market with their existing production facilities. Profitability o The biggest need for accounting information is to determine overall profitability. Sales, costs of manufacturing, inventory, and expenses are all recorded and presented to company management so the company’s profit levels can be determined. Financial statements like the balance sheet or statement of cash flows may also be prepared so executive management can assess the value of the company and the cash-generating functions of business operations. Investing o Once companies have a solid understanding of their profitability, they begin to make decisions on investing their cash and retained income from business operations. Executive management will decide what amount of cash should be reinvested into the business and what amount should be invested in interest-bearing securities. Companies will use these securities investments to generate cash outside business operations, giving them higher cash flows. Accountants must track these investments to ensure that the company does not take on too much investment risk. Performance Analysis o After the financial transactions of a company are properly recorded and presented in financial statements, accountants will review the information to determine the strength of business operations. Accountants use financial ratios to break down the financial statements and compare them to the industry or competitors. This analysis will help management find weak areas in the company and help allow them to find solutions for strengthening these operations. Accounting Performance Measurement Tools Budgets o Budgeting initiatives help department heads discuss steps to limit the decision-making authority of specific personnel. These include employees running inefficient operations or segment chiefs unable to whittle away at runaway budget deficits. Top leadership may not strip ineffective segment leaders of their operating prerogatives, but budgeting certainly limits how much they can spend. A budget is a list of planned expenses and revenues, a plan that organizations use to spend and save. 2. Pro Forma Statements o Pro forma or projection-based, accounting reports rely on hypothetical data to illustrate how a firm’s operations may fare under specific scenarios. These include â€Å"best,† â€Å"average† and â€Å"worst†Ã¢â‚¬â€œ with these concepts indicating the state of the economy or conditions in the company’s competitive landscape, among other factors. For example, worst-case-scenario pro forma statements show whether a business could generate enough revenues to sustain itself if economic conditions deteriorate. . Accounting Reports o Management accountants and corporate leaders use accounting reports to measure operating performance. By doing so, they help prevent the dismal financial situation that arises when a firm consistently posts negative numbers. Department heads rely on accounting statements to determine operating weaknes ses and prescribe the right medicine to fix ineffective mechanisms. The most important accounting statements are balance sheets, income statements, cash-flow reports and equity statements. Balance heets are also called statements of financial position or statements of financial condition. 4. Financial Ratios o Corporate executives and business-unit chiefs analyze financial ratios to determine processes to tear up and those to keep or expand. Inefficient processes may drive away profit opportunities and jobs, especially if a company must shed its workforce to maintain solvency. Management accounting metrics include net profit margin and return on equity. ROE equals net profit divided by shareholders’ equity. Net profit margin equals net income divided by total sales. 5. Technological Tools Organizations rely on various tools to tackle the often thorny issues of management accounting, performance monitoring and regulatory compliance. In the modern era, computer systems play a k ey role in the way firms record and analyze accounting data. Tools used to evaluate management accounting performance include financial analysis software, project management applications and enterprise resource planning programs. Other tools include industrial control software, calendar and scheduling programs, mainframe computers and computer-aided manufacturing applications. 6. Gap Analysis A gap analysis is a useful method of measuring performance when there are already fixed performance standards. For example, you may have a goal of producing a certain number of units per month. This could be a performance standard. A gap analysis starts with the established performance measure. After looking at the established performance measure, a manager assesses the current performance level. Finally, the manager will calculate the difference between the performance standard and the actual standard. This provides the gap, which is an indication of how close a company has come to its performance standards. The smaller the gap, the better the company’s performance. An advantage of this performance measure is that it provides an indication of what needs to be overcome in order to achieve the desired level of performance. LIMITATIONS OF ACCOUNTING INFORMATION IN PERFORMANCE EVALUATION (i)  Ã‚  Ã‚   Accounting information is in terms of money. Accounting provides information on events and transactions that are of financial nature or can be expressed in terms of monetary unit. It does not give information in quantity or size terms of in qualitative matters like usefulness or efficient. Non-monetary events or transactions are completely ignored however important these may be. (ii)  Ã‚  Ã‚   Accounting information is expressed in monetary terms and it is assumed that a monetary unit is stable overtime. This is not true at all with the result that the impact of price level changes is not taken into consideration. The assets remain undervalued in many cases especially land and building. The direct outcome of this practice is that balance sheet figures of assets are not helpful in measuring the true financial positions of the enterprise. iii)  Ã‚  Ã‚   Accountancy is as yet a inexact science and depends sometimes on a number of estimates, personal judgment etc. Estimates are inherently inaccurate and personal judgments introduce bias in the accounting information. It is not possible to predict with any degree of accuracy the actual useful life of an asset which is done for calculating the depreciation charge. The same is true about provision for doubtful debts. (iv)   Accounting information cannot be used as only test of managerial performance. The focus of the financial information is on profit or income which is only ne small aspect of the annual story of business. Profits for a period of one year can readily be manipulated by suppressing such costs as advertisements, research and development, depreciation and so on. (v)  Ã‚  Accounting information is not neutral or unbiased. Accountants measure income as conventionally defined: revenues less expenses. But accountants consider only selected revenues and expenses. They fail to give recognition to the benefits received by their efforts to clean up the environment, improve community welfare and introduce safety measures for the workers. vi)  Accounting like other disciplines has to follow certain principles which in some cases are contradictory. Current assets are valued on the basis of cost or market price whichever is less following the principle of conservatism. Accordingly the current assets may be valued on cost basis in some year and at market price in another year. In this manner, the rule of consistency is openly violated. (VII) The historical perspective of financial accounting: In order to obtain a recent estimate of an entity’s financial performance, the corporate managers carefully scrutinize financial accounting information. In retrospect, this information is based on past performance. The information does provide clarity on the monetary issues but does not provide a definite insight into the strategic future; as the future holds various changes in terms of technology, economic situations as well as political scenarios etc. Such factors in relation to accounting are unpredictable. Therefore, a careful balance between historical accounting as well as the future forecasted outlook is required. (VIII). Inability to reflect the true value of strategic management: Various factors such as goodwill and natural circumstances influence the operations of an enterprise; however, these elements are difficult to measure thus, leading to their unavoidable exclusion from financial reports. For example companies depend upon their shareholders, who in turn depend on the performance of the Chief Executive Officers. Although the CEOs may have been hired by the company based upon prior performance, their future performances are not reliably measurable as they may continually vary. In the initial stages, it may be impossible to measure whether the CEO’s presence will deter or appeal to the shareholders, which in turn will influence the profitability of the enterprise. (VIX). Measuring Volatility of external factors: Financial accounting information does not take into consideration volatile and ever increasing changes in the natural and commercial environment. Although scarcely measurable in monetary terms, their unstable nature may have adverse effects if included within the financial reports and have a volatile and cosmetic impact upon the earnings of the firm. For example, tariffs on trade, duties and other environmental issues can have significant short-term volatile effects on the organization Conclusively, In order to obtain a recent estimate of an entity’s financial performance, the corporate managers carefully scrutinize financial accounting information. In retrospect, this information is based on past performance. The information does provide clarity on the monetary issues but does not provide a definite insight into the strategic future; as the future holds various changes in terms of technology, economic situations as well as political scenarios etc. Such factors in relation to accounting are unpredictable. Therefore, a careful balance between historical accounting as well as the future forecasted outlook is required. References: El-Shishimi, H. and Drury C. (2001) : Divisional Performance Measuring in UK companies, paper presented to the annual Congress of the European Accounting Association, Athens Esptein, M and Ray, M. J (1997):Eniromental Management to improve corporate profitability, Journal of cost management , November-December, pp 26-34 Kaplan R. S and Norton D. P (2001) â€Å" Transforming the balance scorecard from performance measurement to strategic management : part 2’, Accounting Horizons March, pp87 Kaplan, S. E. , and J. T. Mackey. 1992. An Examination of the association between organizational design factors and the use of accounting information for managerial performance evaluation. Journal of Management Accounting Research (4): 116-130. BABCOCK UNIVERSITY, ILISAN, OGUN STATE Performance Evaluation uses accounting information, limitation reconsidered Emerging issues Assignment BY ADEYEMI EBENEZER ADESUJI MATRIC NO NS/4270 How to cite Performance Evaluation Using Accounting Information, Papers

Saturday, December 7, 2019

Swot Analysis of IFFCO Opportunities and Threats - Sample

Question: Discuss about theSwot Analysis of IFFCOfor Opportunities and Threats. Answer: SWOT Analysis of IFFCO The strengths, weaknesses, opportunities and threats of the organization IFFCO can be better illustrated through the following table: Strengths: Weaknesses: Barriers to other companies from entering into the market. The business units of the particular firm are experienced. Increase in the profitability ratio of the firm in future. Strong position of the firm in the domestic market. Huge domestic market Increased diversification Variety of product Strong brand equity Enduring relationship with suppliers, distributors as well as retailers The business units are relatively smaller. The markets - both the domestic and global become highly competitive. Brand portfolio is weak More investment in the department of research and development. Tax structure is complex ("| IFFCO Global Website", 2016) Cost structure The future debt rating is lower The future profitability ratio is also weaker. Dependence on limited organized brands Heavy reliance on advertisements Opportunities: Threats: Facility of venture capital The company has an opportunity of strong presence in the worldwide market. The income level of the specified company increases continuously (Berthon et al., 2012). Strong online presence for marketing and distribution of the products through different e-commerce vehicles such as the Amazon Increased participation of the women that have enhanced the demand for different products of the company, for example the frozen products. The changes in the price. Various taxation policies as per the rules and regulations of the nations across the world. Business risks due to operation of business in external market. Presence of various technical issues. Limitation in the financial capacity Lower amount of inflow of cash The costs of the raw materials continuously increase. Moreover, the overall costs of the firm increase. Increase in the labor charges Increased competition from bid retailers that enjoys economies of scale and penetrates the market by reduced prices of foods Increased competition from the organic food Less demand of the IFFCO products among the consumers with busy schedule who eat fewer at home Strengths: It has been found that the organization IFFCO is mainly dominating the domestic market in the particular field of industry. Thus, the particular firm creates barrier to the entry of other companies in the domestic market that is in the market of the United Arab Emirates. Moreover, the particular company IFFCO is running its business since 1975, thus, the business units of the organization are more experienced than any other companies in the market ("| IFFCO Global Website", 2016). Thus, these experienced business units act as strengths for the firm. From the detailed analysis, it can be said that the experience of the business units have helped and assisted the particular organization to run its business successfully. Moreover, it can also be said that these experience of the business units also help the organization to run its business profitably as the particular organization has the most knowledge regarding the resources, suppliers, raw materials and customers of the business (Arm strong et al., 2012). Furthermore, all these knowledge also helps the management of the organization to operate and regulate the business efficiently. Thus, it can be said that the particular firm IFFCO has a strong position in the domestic market. Moreover, the domestic market that is the United Arab Emirates is huge that helps the organization to enrich its business. The analysis of the functionalities of the corporation IFFCO reveals the fact that the business entity currently operates through 32 offices with 30 manufacturing facilities in different nations. The company IFFCO offers IFFCO is an inventive and assimilated multi food productand enjoys the diversification advantage. The company also operates through different a segment that includes the oil and fats, packaging, agri business, IFFCO chemicals and Impulse Foods among many others. The variety of product range also has certain products with strong brand presence that are regarded as the winning brands. The winning brands of the corporation include the London Dairy, Tiffany, NOOR, iGLOO, Shama, Pristine, Al Baker, Rahma and many others that helps the company to gain competitive edge in the market. In addition to this, the critical analysis of the operations of the firm also reveals the fact that there exist strong as well as enduring associations of the business entity with its retailers , suppliers as well as distributors. In addition to this, the IFFCO also offers startling food recipes on their official websitethat increases the customer engagement of the firm ("| IFFCO Global Website", 2016). Weaknesses: The organization IFFCO has various strengths but similarly it also has several weaknesses. The reason behind this is that the business units of the particular organization are comparatively smaller than any other firms. Moreover, with the passage of time, both the domestic market and the international market have become more competitive as the total numbers of companies that is competitors in the particular sector have increased. In addition to these, it has been found that the particular firm has various products under various brands. However, the portfolio of brand is weak; thus, it acts as one of the weaknesses of the organization. The objective of the particular organization is to produce innovative products, thus, it has been noted that the organization invest most of the funds in the department of research and development (Liao et al., 2014). This has resulted into adverse effect on the cost structure of the firm. Furthermore, the company is regulated in various other countries across the world; thus, the firm has to face various taxation regulations and policies. Thus, it can be said that the organization IFFCO has to face complex tax structure and the future debt rating of the firm is also lower. As the competitiveness in the present global market increases, the profitability ratio in the future might also get affected. Despite having winning brands, the company encounters the weakness of excessive reliance of the brands on limited or else very few organized brands. In addition to this, the companies relies heavily on advertisements that in turn can in due course effect the overall return on investment("| IFFCO Global Website", 2016). Opportunities: The organization IFFCO has relatively lesser opportunities, these include it gets the opportunity of venture capital. Additionally, the organization IFFCO attains the opportunity of selling more products in the worldwide market as well as in the domestic market. This has resulted into the increased revenue of the firm, and the profit percentage of the organization also increases with the passage of time. Therefore, it can also be said that the increased revenue and sales have also provided the firm with an opportunity to increase its level of income constantly (Papadopoulos Heslop, 2014). The multiple channels of the distribution mainly the online presence of the corporation in addition to the existing physical presence proves to be an immense opportunity of growth and development for the organization. Furthermore, the augmented participation of women at the workplace also resulted in positive demands for different products of the company IFFCO especially the frozen products. Threats: The company IFFCO has various strengths and relatively less opportunities, but in comparison to these, the particular firm has several threats. These include the prices of the products are constantly changing as the costs or the expenses of the organization IFFCO also changes frequently with the passage of time. The price of the raw materials varies costly, so the production cost or the manufacturing cost of the organization also increases and thus the prices of the products also vary (Lee Carter, 2012). Therefore, the company either loses its customers with the increment in the prices of the products, or, if the company continues its business at fixed price rates of the products, then it will run under loss if the prices of the raw materials increase (Zeriti et al., 2014). Thus, the frequent changes in the prices are considered as the threat to the company IFFCO. Moreover, as the company runs its business across the world, it has to pay taxes for its business in different nations as per different rules. Thus, the particular firm has to pay more amount of taxation. In addition to this, due to global business, the business risks are also more for the firm as the company has to operate and regulate its business in external market. In addition to these, various technical issues are found to be very common factor for the firm and there are also various limitations in the financial capacity. These involve due to more investment in the research and development, the inflow of cash has been reduced, the cost of the raw materials also increases with the passage of time (Morgan, 2012). Additionally, the labor cost and the overall expenses of the firm also increase. From the above analysis, it can be said that the company IFFCO faces more threats from the present market than it gains opportunity for running its business across the world. The big retailers such as the Wal-Mart affects the overall food industry by reducing the prices of the food and thereby gains greater share of the market by market penetration. In addition to this, the analysis of the food industry also reveals the fact that the company IIFCO also faces severe competition from organic food products. Moreover, the time constraints and the busy schedule of thee people compel consumers in various nations to eat fewer at home and thereby demand less of the IFFCO products. On the other hand, it has been found that the strengths and weaknesses of the firm are almost equal. Therefore, the particular organization IFFCO should put more focus on the threats and weaknesses of the firm in order to convert them into strengths and opportunities of the organization. Part 2 Approximate Cost of Investment Required Budget for Employees Designation Numbers of Employees Required Salary or Wage expenses (Bangladeshi Taka) Chairman 1 4000000 Managing Director 1 3000000 Director 4 4000000 Employees 300 36000000 (120000 each employee per annum) Skilled Labor 100 8400000 (84000 each per annum) Unskilled Labor 150 7200000 (48000 each per annum) Budget for Rent Rent Area Amount (Bangladeshi Taka) Work shed 300000 per annum Budget for Machinery and other Resources Particulars Amount (Bangladeshi Taka) per annum Different Machineries 10000000 Raw material 5000000 Fuel 100000 Water 50000 Transport 800000 Electricity 250000 References Armstrong, G., Kotler, P., Harker, M., Brennan, R. (2012).Marketing: an introduction. Pearson Prentice-Hall, London. Available at: https://strathprints.strath.ac.uk/34452/ Berthon, P. R., Pitt, L. F., Plangger, K., Shapiro, D. (2012). 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