The component can be very well related to that of development in the overall context of the technological landscape. With the inclusion of this particular component i.e. DSP in the technological aspect, integration to a whole new level is attained at large . With this concern, this research report will highlight all those significant factors that are associated with the broader impacts of DSP in a social, global along with economic context.In relation to the economic viewpoint, it can be affirmed that DSP has been able to create all-round diversity in the overall economic context. Analyzing the relevance of DSP in an economic standpoint eventually helps in identifying its broad interrelations relating to economic integration. DSP is applied in varied fields, which directly or indirectly impose a considerable impact on the economic conditions at large. The broad areas in which it is applied include consumer applications and biomedical fields. In this regard, the various aspects of consumer applications comprise digitalized televisions, cellular phones, digital cameras, and internet-enabled mobile phones among others. On the other hand, the aspects of biomedical fields encompass patient monitoring, ECG Analysis and X-Ray storage/enhancement among other various fields. The utilization of DSP in all these broader areas can be viewed to provide variable grounds for the development of economic conditions. Specially mentioning, this particular technology also leads to a mass expansion in the technological domain, which eventually resulted in fulfilling different economic objectives. Besides, the component has been able to create a superior level of economic integration in terms of supporting the most booming industries in the world such as information technology. Also, DSP is highly recognized for providing solutions to various departments including engineering, sales operations, and finance among others (Department of Electrical and Computer Engineering, “The Broader Impact of DSP in a Global, Economic and Social Context”). Its utilization in all these departments ultimately imposes extensive impact especially upon the economic.In relation to the context of the socio-political context, DSP’s utilization has been able to create a wide range of impact. In this similar context, Modern technology has been able to create a total phenomenon in the overall aspects of civilization.
That is why I am focused on studying abroad to gather the knowledge I need to actualize my long-term dreams. I am a confident believer in technology.Currently, we are undergoing a fast technological revolution, and the success of anyone in the world is dependent on their technical prowess. Despite my love for knowledge and desire to pursue technology, I still pay attention to my physical wellbeing by taking part in sports and working out frequently.I live in an extended family of five. This consists of my grandparents, my parents, and me. Mother works with the Delhi Police while my father retired from the private sector a couple of years ago. My entire family has been a great inspiration to me and continually pushes me to get the education I need to fulfill my dreams.My Family’s Financial StatusMy parents are not very well off. They have had to secure a loan to fund my higher studies. Since I am the only child, it is my responsibility to recover that money during and after my studies. I will recover part of this when in Australia, but my main focus will be excelling in my studies so that I can secure a good job and create lucrative startups on the side. I will eventually come back to India and start a construction company. Other than this, my family owns property whose worth is around four to five crore INR.Academic and Extra-Curricular Accolades So FarMy education journey started at St. Francis De Sales School, where I graduated with an 8 CGPA for my secondary school. After this, I graduated with a 79.6% for my senior secondary studies from the St. Cecilia’s Public school. I received a non-medical stream from the CBSE board while there. After this, I moved on to a four-year program at the G.D Goenka University, where I graduated with a 7.92 CGPA in Bachelor of Technology, Civil Engineering. This is what is fueling my desire to start a construction company.Other than just focusing on my studies, I took part in sports from early learning to University level. I also played for the basketball and football teams and also took to swimming. In addition to this, I am a competitive 10m air pistol shooter. My sports insight, combined with my studies, has made me a hard-working individual who fully understands the benefits of dedication, teamwork, leadership, and relentlessly working on goals.Work ExperienceMy experience with the job market started when doing my undergraduate course. I underwent the mandatory 10-week industrial attachment that was necessary to complete my course. I was training at the Delhi Metro Rail Corporation.After finishing my degree at the university, I started working at Leighton India Contractors. This is in line with my passion for construction. My responsibility was to ensure that we had engineering controls in place to ensure that the worksite met quality and deadline objectives. This has given me a lot of experience in the industry, furthering what I learned during my university course.Why I Want to Study in AustraliaHaving gone through the entire course of learning in India makes me feel that the learning system here is wanting. It is not up to international standards when it comes to merging theoretical and practical concepts. I think that there are parts of the world that have better approaches. Lecturers here don’t have the tools or motivation needed to make classes, engaging, interactive, and, most importantly, up to par with the ever-evolving academic writing scene.I have chosen to study in Australia since it is the exact opposite of what we have in my country. Their advanced management skills have seen a growth in amenities, fast adoption of technology, and better learning environments. Couple this with the rich Australian culture, and you get the perfect blend any person who wants to succeed in the world should look forward to tapping into.My family supports my educational goal. They feel that leaving the country for international education will be good for my career and the ultimate goal of creating a construction company. There are more opportunities, field attachments, and opportunities to further my skills in Australia. Moreover, I can capitalize on the fact that international learners are allowed to work part-time. This will help me better my financial standing while also giving me practical work experience. Here are other reasons that make me feel Australia is a great educational destination for me.Amazing and Welcoming PeopleAustralians are among the most welcoming people in the world. It doesn’t matter where you are from. You will be treated as a friend. They are a highly diversified society that loves making new friends and still subscribes to that calming laid-back culture that is a great way to wind down after a long day at work or in class.A Reasonable Education SystemThe biggest reason I am keen on studying in the country is that their academic accolades are recognized everywhere. This is because their educational system is practical and always up to date. Students receive a quality education, and they can apply what they learn in a real-life scenario without further training.In addition to this, the country has affordable tuition fees compared to other international learning destinations in the world. They also offer good support and management to students from other countries, making it easier to fit into the new culture and focus on studies.Access to Recreational ActivitiesBesides being a culturally diverse and good educational destination, Australia also offers a wide range of opportunities for people looking for adventure. There are trails to hike, mountains to climb, and water sports to play. The beaches are especially famous across the world. If you seek something more, you can venture into the deserts to discover the diverse animal life that cannot be found anywhere else in the world.Why I Choose to Study at the University of AdelaideI did a lot of research and consultations before choosing a university. After a lot of counseling from people well versed in international education, I concluded that the University of Adelaide is the best place for me to get my Masters in Construction Management. All the educational fairs I attend made me believe it will be the best institution to further my career.Before making the decision, I compared it to other higher learning institutions in Melbourne and Sydney that offer this master in a construction management course. I looked and Deakin and Swinburne universities that also provide the course. However, after looking at the course details, I was forced to conclude Adelaide is the most suitable for my goals, and it also had affordable tuition fees, which is essential, bearing in mind my financial background.The master’s in construction management course I have decided to pursue has at least 48 units that must be completed in two years. The studies will expose me to the skills and theory I need to apply management concepts in real-life construction projects. The skills will apply across different cultures and international settings, meaning that I will be an internationally recognized engineer.I will also learn critical business management skills like:Cost planning.Project management.Systemic risk assessment.Contract law.Organizational leadership.These lessons will come in handy as I re-enter the market and push my dream of starting my own business in the industry at one point. In the end, I believe I will be a better problem solver with impeccable communication skills that will allow me to work in a wide range of markets across the globe.After finishing my course at Adelaide, I will have updated the skills that employers are looking for. Consequently, I can get job placements in construction, engineering, or even government projects. This will, later on, combine with the entrepreneurial skills I gather and my ability to work as a team member to give me the tools I need to better my career and lifestyle.In my opinion, this university will open up my job opportunities and help me evolve into a professional who can turn my dream into a reality. With my long-term goal of driving me, I am sure that I will meet your educational standards as a higher learning institution. I hope that you will consider my application for admission to your postgraduate school of construction management.My Career GoalsRising up the career ladder to the extent of being a trusted and renowned engineer in my niche has always been my dream. However, before getting there, I understand that I have to get the necessary education and field training. Leaving my country to study abroad is the first step. After this, I plan to get a job at a construction company or in a firm that needs a construction manager. Here, I will not only showcase the design and management skills I learn at your university but also gather more experience that will push me towards my long-term goal. I will eventually return to India within two to three years of finishing my masters since my main goal is to get international training, not leaving my country forever.I find that Adelaide University has all the things I need to make my dream work true. I am sure that my background, coupled with your program, will help me unlock my full potation. I am eager to a strong member of the department. I hope that this short introduction and family background statement has expounded on my interests, passions, and experiences.
Merging the companies proved to be a challenge, one in which IT was seen to be the solution. In the next nine years after the union, DaimlerChrysler strengthened its supply chain, customer relations, and all other aspects of a profitable business. However, in the end, the company lost money and its place as one of the world’s top car companies. This was blamed on cultural diversity and the fact that the cultures never merged because the company failed to realize its value at the onset. In May 1998, Robert J. Eaton, CEO of Chrysler Corporation, and Jurgen E. Schrempp, Daimler-Benz CEO, announced to the world that Chrysler and Daimler would be merging. It was trumpeted as historic, ‘a merger of equals’, a ‘megadeal’. At that time, both companies were leaders: Chrysler was the number 3 car company in the US with mass-market appeal with its Dodge Ram, Jeep, and LH Sedan Series. Daimler-Benz was the lead of the European luxury vehicle market with its Mercedes Benz. There was no overlap of product lines. The combined earnings in 1997 were $4.6 billion. The deal was predicted to be synergistic (Vlasic, et al. 1998), with Daimler applying Chrysler’s expertise in production to its operations and product development. Daimler-Benz hoped that Chrysler, which earned more per vehicle than any other carmaker in America, could help it cut spending and costs, and improve profits. Reduction in costs was targeted up to $3 billion yearly, a third of which could be from purchasing costs.In July 2000, signs of trouble became eminent when DaimlerChrysler stock plunged from a high of $103 to $53, a $49 billion drop in market value. The predicted savings due to more efficient technology sharing and purchasing technology was not realized (Tierney, et al. 2000). Information Technology (IT) was seen as the vehicle for this to be realized and DaimlerChrysler put its best efforts to save the merger by hinging on IT.The business model for Mercedes, the primary brand of Daimler-Benz, was based on manufacturing and engineering cars in a continuous improvement manner.
Despite their efficiency in tactful problem-solving in the technical perspective of the system, these two critical aspects lack significantly in troubleshooting troublesome eventualities that often characterize the human component. As Loughman Fleck and Snipes, R. (2005) postulate an understanding of this aspect within the entire system is absolutely critical to successful corporate analysis as well as design. Even the most complex system, which lacks to address the human component, is bound to fail. As such, most proponents of system requirements bear evidence of the fact that integrating systems assessment as with information requirement techniques can maximize both technical as well as social components of corporate companies in redesign and re-engineering.There is a list of approaches for integrating information systems technology in an organization. These methodologies range from Ends/Means Analysis to Critical Success Factors (CSF) as well as Andersen’s Consulting (M-1), Nolan’s Stage Analysis and Business Systems Planning (BSP-IBM). In this study, the approach that is favored is Critical Success Factors (CSF). This approach has a central place in the development of information systems. It is highly dependent on the host organization for immense strategic implications. This approach of integrating Information systems within the organization hires a process that attempts to explicitly exemplify the principle areas that define both the management as well as the organization’s success. It calls upon the analyst as Rockart (1979) observes, to have a deep understanding of the entrepreneurial environment. This understanding will be the basis upon which the study will refer in motivating information from the organizations under study with regard to the important factors of success of the corporate companies in the U.K. The Critical Success Factors will also be the basis upon which the study will base its proposals for organizational re-engineering and ultimately issue forth future strategic plans.
It has a workforce of about 40000 employees (Gulf News). It has mixed fleets of Airbus and Boeing and is one of the six airlines to operate a wide-body aircraft fleet. It has 77 aircraft of Boeing 777 and has 58 Airbus A380s (Haines, 2008). The company has won numerous awards and has made a record of purchasing 130 aircraft in 2007 (Derhally Rothman, 2007).Emirates Airline is the largest airline in the Middle East in terms of revenue, fleet size and passengers carried and have won the rank amongst the top 10 airlines worldwide in terms of revenue, passengers and kilometers. In 2009 the airline was 7th largest airline in terms of international passengers carried and 4th largest in terms of scheduled international passenger-kilometers flown (WATs 53rd edition). The airline has built a strong brand name as a trendsetter in the aviation industry in terms of service excellence and profitability. In 2009 the airline was voted the 5th best airline in the world by research consultancy firm Skytrax.The Dubai International Airport has built terminal 3 exclusively for the use of Emirates Airline. it was inaugurated on 14th October 2008. Terminal 3 was the largest building in the world by floor space and had an annual capacity of 27 million passengers with an expansion plan of occupying 43 million passengers by 2011. The new concourse 3 will be exclusively for A380-800 (Travel daily news, 2009). Emirates Airlines has diversified itself into related industries and sectors including airport services, engineering, hospitability services, catering and tour operator operations. It has 4 subsidiaries and its parent company has more than 50 subsidiaries. Its employees are divided as follows.Emirates has its code-sharing partnership with 14 airlines including Air India, Air Mauritius, Air Malta, Continental, Japanese, Delta, Jet, Oman, Korean, Philippines Airline, Royal Air Maroc, South African Airways, Thai Airways International and Virgin Blue.
Genetic engineering is referring to a special technology that enables scientists to alter the genetic makeup of all living organisms such as plants, animals, and/or bacteria. Other terms used to refer to genetic engineering includes: (1) gene technology. (2)genetic modification. (3) biotechnology. (4) transgenic. (Human Genome Project Information, 2007) This technology includes food modification techniques such as cloning, tissue culture, and market-assisted breeding. (World Health Organization, 2005)Individuals with common food allergies have a higher risk of suffering from food allergens caused by genetically modified foods as compared to individuals with no food allergies. (Gaivoronskaia Hvinden, 2006) Even though most of the real causes of food allergens and food intolerance remain unclear, the study of Gaivoronskaia Hvinden (2006) suggests the possibility of using gene technology in removing specific food allergens from genetically modified food products in order to protect those individuals with food allergies or food intolerance.For example (1) genetic engineering makes it possible to remove the α-lactalbumin gene in order to minimize the lactose content in milk (Bauman et al., 2006. World Health Organization, 2005). (2) the same technology can be used in reducing the levels of cyanide content in cassava roots. (3) the natural levels of glycoalkaloid toxin which is found in potatoes can be reduced by adding some invertase gene from yeast into genetically engineered potatoes (World Health Organization, 2005). and (4) the allergenic protein which is commonly found in rice or the allergenicity in wheat can be reduced by modification of its biosynthetic pathway (PIFB, 2001. Buchanan et al., 1997).
Airlines are increasingly been choosing to outsource their line and base maintenance services rather than using in-house engineering. Engineering and Maintenance (EM) of aircraft is essential to provide the maximum availability of aircraft capable of undertaking flight operations. It also ensures that aircraft are maintained and operated to acceptable levels of safety. The airworthiness of aircraft can be continuously monitored if maintenance is regularly attended to. While maintenance helps to keep the aircraft serviceable, engineering maintains safety. Both these areas have to follow certain guidelines and operate to certain standards defined by the authorities. The regulations permit sub-contracting of any or all maintenance activities but the responsibility remains with the operator. The firms offering such services need to have a minimum number of qualified and experienced staff. The number of employees depends on the number of aircraft with the airline which suggests that the EM department grows in size and complexity in proportion to the growth of the airline.In the early 1980s, EM was an integral part of the airline. The routes were controlled by the government and competition was non-existent. As small airlines emerged they demanded an equitable share of routes but they were not keen to set up large maintenance organizations as they were not capital intensive. Deregulation in the United States led to increased competition and the traditional carriers suffered in the process. As an aftermath of the Gulf War, the fares plunged and the airlines were forced to consider outsourcing of EM as it is capital intensive. This gave rise to the maintenance, repair, and overhaul (MRO) market which became an organized sector.Airlines are increasingly outsourcing their MRO which allows them to concentrate on their core business according to the Vice-President of Lufthansa Technik (Dore, 2006).
Air New Zealand has also has diversification in aircraft engineering and ground handling services of airlines. Apart from it won services it also provides these two services to other domestic as well as international companies. Subsidiaries of this group also offer online ticket booking services, retailing and travel wholesaling services. Vision of the company is that it strives to become number airlines company in terms of customer satisfaction of services in every country where it provides services (Air New Zealand, 2012). The company is dedicated to become customers’ first choice of airlines for travelling to within and from New Zealand. The company has developed a competitive advantage in terms of creativity and innovation in its services quality. The company promotes the domestic culture, people, behaviors and quality of business practice to the overseas people. It also has a long term value i.e. growth company and contribution a major percentage to the domestic countries growth. The company has been awarded Airline of the year in 2010 and 2012 and it also achieved many national international awards for its quality services. According to company’s financial report of 2010, it has total assets of NZ$1,566 million and profit of NZ$82 million. Accounting information systems of the company refers to the efficient use information technology to management of company’s operating activities and recoding of daily financials transactions and information. Company provides high priority to its Accounting information systems as it maintains the company’s accounting and financial information and update daily basis. AIS help the company to operate accounting and financial management efficiently and easily. As AIS has higher involvement of information technology and computers systems, network, internet etc so there is higher possibility that the company could be exposed to computer fraud and abuse in many ways (Sori, 2009, p.36). There are some general types of threat related to accounting information systems of the company. Terrorist attack and natural deserter in New Zealand and other operating countries are considered as macroeconomic threats to the company’s information systems. Other micro environmental threats are malfunction of hardwires software errors, human unintentional manual errors, and lastly the most dangerous intentional acts or computer crimes. Now fraud refers to intentional unethical and unfair business practice by organizations or individual or groups. Supplier of product and services to this company might gain unethical interest or benefits over the company. Any individual within the organization may commit fraudulent activities intentionally for his or her individual interests. In efficient asset management through absence of internal control systems leads to theft of company’s valuable assets. Another affective type is fraudulent reporting of financial statements. Accounting information systems has given high priority and focus by the company to protect any fraudulent activities regarding financial reporting which is quarterly or yearly result of daily accounting records and maintenance and updating ethically and fairly representation of that. The company could be exposed to any type of fraudulent financial reporting due to some common reasons that leads to unethical business practice by the company. Presence of deceive creditors or suppliers, or investors might be the reason one reason. Another way of reporting fraudulent financial statements can be done by increasing the current market of share of the company. Third reason might be to collect investment to sufficient cash inflow to the
Understanding project contractors and contracting businessesAnalysis of such parameters will help us with an understanding about how the companies have performed over the seven years and whether they were able to add value to the company. One of the companies chosen above has a high total asset usage and the other one has a low total asset usage. The underlying rationale behind choosing this ratio as the primary differentiating parameter between these two companies is because this ratio is very useful in determining the financial performance of the company. It gives us an indication of the pricing strategy that the companies have adopted. Moreover, the firms have been chosen as a case of high and low values of a ratio that appears in the Du Pont system, which will make it easy for us to explore relationships and trade-offs between that and other ratios. The following sections will involve the analysis of key financial ratios that the firms have been able to achieve over the seven years. 2. Midas Retail Limited Midas construction is the largest company that belongs to the Midas group of companies. The primary line of work that the company is engaged in is to serve the design and construction needs of all its customers from a network of local offices. The company works in close partnership with its local partners who specialise in supply chain, thereby utilizing their local expertise and knowledge. Each of the regional business under the Midas group offers highly personalised services which are designed to suit the needs and requirements of every individual customer and project (Midas, 2013) 3. Rock Fall Company Limited This company specilises in drilling, explosives engineering and blasting, particularly in the marine environment. The company has been able to complete more than 200 contracts in about 35 countries. The line of work that the company is engaged in ranges from the removal of small boulder outcrops to massive port development schemes. The activities are generally related to harbor deepening, clearance of navigation channels and quay well construction. Another activity that can be include in the company’s list of underwater expertise is foreshore trenching (Rock Fall, 2013). 4. Ratio Analysis Ratio analysis is an attempt to reduce accounting information in to more usable understandable figures and look at relationships between the figures. It can be used to ‘help interpret trends in performance year on year and by benchmarking to industry averages or to the performance of individual competitors or against a pre-determined target’ (Collier, 2009, p.104). Firstly, we can compare ratios for two or more accounting periods and look at the change. However, external factors may have influenced activity levels. For example, public awareness of environmental issues may have necessitated a change in manufacturing process leading to increased costs. Secondly, we can compare this to another company in the same industry. However, in some case, businesses may not be truly comparable with regard to size and type. For example, bases on which accounting information is prepared, may be different (inventory valuations and depreciation). Thirdly, we can compare this to an industry average, these can be compiled using data bases such as “Data Stream”. However, these have to be comparable as reflect as closely as possible the various characteristics of the company (McLane Atrill, 2009, p.224-225). 4.1 Efficiency Ratios 4.1.1 Asset turnover This ratio measures the amount of sales that a company generates for every dollar’
A project is typically a collaborative enterprise (Blum, 1986). It usually involves research that is conducted frequently, involving a carefully planned research design that sets to achieve a given aim. Projects are social systems within organizations that are constituted by teams to accomplish given tasks within a given period of time (Spottydog, 2003). A project is usually conducted by school-going and university students or by organizations. For school going students, it may require the students to undertake fact-finding and analysis from either secondary sources of information or from empirically gathering data (Yuan-Yi, 2001). The final output is usually in the form of a dissertation. The dissertation will contain sections of the whole projects inception, inquiry methods analysis, finding conclusions and most at times would require them to make suitable recommendations (Konecny, 2006). On the other hand for organizations, it will consist of a temporary task that is undertaken in order to create products that are unique and satisfactory services many at times in pursuit of satisfying the growing and changing demands of consumers such as the case of ARM mentioned above. (Morris Peter, 2007). Therefore the objectives of the given project will determine the target status at the end of the whole project. This will be necessary to achieve the planned benefits or the aims of the project. For example, in many countries engineering projects are specifically defined by legislation and requires that any engineering project should be carried out by only the registered engineers and companies for constructing buildings, industrial facilities, and transportation of infrastructure and such like other duties (Pinto, 2001). In such cases, the project scope will be well defined within a contract from owners of the project and the engineering and construction companies. This kind of project has two major phases which are design and construction. The design phase involves drawing and calculations and the next which is the final phase will be to send the project plan to a developer who will do the construction work (Archibald, 1992). A project in its self if a process and any process usually involves a set of interrelated actions and activities that have to be carried out in order to achieve a pre-specified result or services. The process will be characterized by the type of inputs, tools and techniques apply and the resultant outputs (Gareis, 2010). For ARM to make its projects successful it always involves a team so as to ensure successful completion. The first and most important thing is to develop a project management plan. This will provide the primary source of information on how a project will be planned for, executed and completed (Chapman, 2003). The whole ARM project team will have to determine the inputs and the desired outputs. The inputs basically involve defining the project charter. review the enterprise environmental factors and the organizational process assets. From these factors, expert judgment is generated and gives the whole management plan (Chen, 1997). When we refer to a project as being temporary then we mean that it is a process that has got a definite beginning and a definite end (Lundin, 2011). This also does not imply that the project is taking a short duration of time.