Foreign Exchange of Ibbl

CHAPTER-1 INTRODUCTORY PART †¢ Introduction †¢ Origin of the Report †¢ Scope of the Study †¢ Objective of the study †¢ Methodology †¢ Limitation of the study CHAPTER-1 INTRODUCTORY PART 1. 1 Introduction: Bangladesh is one of the largest Muslim countries in the World. The people of this country are deeply committed to Islamic way of life as enshrined in the Holy Quran and the sunnah. Naturally, it remains a deep cry in their hearts to fashion and design their economic lives in accordance with the precepts of Islam.The establishment of Islami Bank Bangladesh Limited on March 13, 1983, is the true reflection of this inner urge of its people, which started functioning with effect from March 30, 1983, . It is committed to conduct all banking and investment activities based on interest free and profit-loss sharing system. In doing so, it has unveiled anew horizon and ushered in a new silver lining of hope towards materializing a long cherished drems of the pe ople of Bangladesh for doing their banking transactions in line with prescribed by Islam.With the active co-operation and participation of Islam Development Bank (IDB) and some other Islamic bank , financial institutions ,government bodies and eminent personalities of the Middle East and the Gulf countries , Islami Bank Bangladesh Limited (IBBL) has by now earned the unique position of a leading private commercial Bank in Bangladesh. 1 2 1. 2 Origin of the Report: Compliant with the rule of the BBA Program, it is mandatory for a student to intern in an organization, in order to be acquainted with the real practices.Banking business in today’s world is going rapidly. Bank deals with diversified work. Here, many things have to learn quickly which later helps to build career decision. So, I had selected Islami Bank Bangladesh Limited for the internship. The topic of my study is â€Å"Different Modes of Investment of IBBL on Mirpur Branch† 3 4 1. 3 Scope of the Study: BBA course curriculum necessitates for knowing the banking system of any bank. No economic standard can run without banking system or any other financial institutions.My study is ‘Different modes of investment of IBBL on Mirpir Branch’ is a relevant and core of Banking business. Without this concern bank cannot think of its business and existence. I have worked at Pallabi Branch of IBBL. The report covers brief overview of IBBL, its products services; the report covers brief overview of IBBL, its products services, operating activities financial position, performance analysis, different types of modes present situation, performance analysis and SWOT analysis of IBBL. 1. 4 Objectives of the study: The objectives of this report are: To know about Islamic banking system in Bangladesh. To know about different modes manufacturing of investment of Islami Bank Bangladesh limited. ? To study the performance of different modes of investment of Islami bank Bangladesh limited. ? To id entify the problem of Islami Bank Bangladesh limited. ? To make sngation. 5 1. 5 Methodology: This report has been prepared on the basis of experience gathered during the period of internship form 19th April to13thjun. Within this period I visited three department namely General Banking, Investment and Foreign Exchange departments. Section |Duration |Working Day | |General Banking |From /08/2011 to /08/2011 | | |Investment |From /08/2011 to /08/2011 | | |Foreign Exchange |From /08/2011 to /08/2011 | | A. Sources of Data: The report is prepared by using both primary and secondary data. ) Primary Sources: A lots of the required information came from primary sources. These sources are: o Face to face conversation with the officers: Officers of the general banking, Foreign Exchange & Investment Division of Mirpur Branch, Dhaka have been interviewed. o Practical desk work o Relevant file study as provided by the concerned officer o In depth study of selected cases. o Maintaining diary. i i) Secondary sources: Conceptual parts of the report have been collected by studying different literatures regarding credit appraisal system.Some of these secondary sources are: ? Different Circulars issued by the Head Office and Bangladesh Bank ? Different ‘Investment Manual’, published by IBBL. ? Annual Reports 2010 of IBBL. ? www. islamibankbd. com ? Newspaper information on several days ? Audit Reports. ? Relevant books, Newspapers and Journals. B. Analysis of Data: Some arithmetic and graphical tools are used in this report for analyzing the collected data and to classifying those to interpret them clearly. 6 1. 6 Limitations of the study: Islami banking system is different than the traditional banking system †¢ It is very difficult to analyze this issue without proper knowledge about Islamic banking and economy. †¢ As it is not conventional so it bears some complexity to understand. †¢ Some words are in Arabic terms that make it difficult. †¢ I t is time consuming to differentiate & understand interest & profit. CHAPTER-2 ORGANIZATIONAL PART †¢ Background †¢ Definition of Islamic Economy †¢ Islamic Banking †¢ History of Islamic Banking Goals & Objectives of Islami Banking †¢ Essential Features of an Islamic Bank †¢ Distinguishing Features of Islamic Banking against Commercial Banking †¢ Brief Description of the IBBL †¢ Mission †¢ Vision †¢ Aims and Objectives †¢ Functions of IBBL †¢ Structure of the organization CHAPTER-2 ORGANIZATIONAL PART 7 2. 1 Background: Islam is a complete way of life, and Allah’s Guidance extends into all areas of our lives. Islam has given detailed regulations for our economic life, which is balanced and fair.Muslims are to recognize that wealth, earnings, and material goods are the property of Allah and we are merely his trustees. The principles of Islam aim at establishing a just society wherein everyone will behave responsively and honestly. The Quaranic concept is based upon sovereignty of Allah overall. He is the source of income for human beings. The Almighty provides whatever man possesses to him. Allah is the sustainer of human beings, animals and other beings. It is his desire to whom he gives more and to whom he gives less. 2. 2 Definition of Islamic Economy: a) Islamic Economics is that branch of knowledge, which helps realize human well being through an allocation and distribution of scarce resource that is in conformity with Islamic teachings without unduly curbing individual freedom, or creating continued macro-economic and ecological imbalances- By Omar Chapra (b) Islamic Economics is the science of how man uses resources and means of production to study his worldly needs according to a predetermined code given by Allah in order to achieve the greatest equity- By Princes Muhammad Al-Faisal Saud. 2. 3 Islamic Banking:In the late seventies and early eighties, Muslim countries were awoken by the e mergence of Islami Bank which provided interest free banking facilities. There are currently more then 300 interst free institutions all over the world. Islami Bank now a days not only operate in almost Muslim countries but have extended their wings to the Western world to serve both Muslim and non Muslim countries. In case of Islami Banking the establishment of Mitghamar Local Savings Bank in 1963 is said to be a milestone for modern Islami Banking can nevertheless be traced back to the birth of Isalm.Definition of Islami Banking: An Islami Bank is a financial institution whose statutes, rules and regulations expressly state its commitment to the principles of Islamic Shariah and to the banning of the receipt and payment of interest on any of its operating. – According to OIC 2. 4 History of Islamic Banking: During Sumerian, Babylonian and Mesopotamian civilization, temples gave loans to states and individuals and accumulated much wealth prompting various councils to issue d ecrees. City of Mecca was complex and heterogeneous place, where clan and tribal community were involved in interest based loans.Prophet and his companions were to introduce Arabs to Islam. There is evidence to indicate that the development of Islami Banking started from the time of Prophet. Four revelations of Al-Quran specifically dealing with interest are milestone which later shaped the operational aspects of the Islami Banking system. There are numerous Hadiths relevant to banking which clearly prohibits Muslim from accepting or paying riba. The only known organized financial institution originated during prophet was the Baitul Mal, which involved in state income, expenditure and development purpose.Evidence indicates that the two sons of Chaliph Umar were given loans from Baitul Mal which they used on their way back to Madina for trading and consequently earned profit. Caliph declared it as Mudaraba and taken half profit for Baitul Mal against involved capital. 2. 5 Goals & Ob jectives of Islami Banking: (a) Establishment of an Interest frees financial system. (b) Ensuring justice to both suppliers of fund and user of fund. (c) Encouraging & patronizing entrepreneurship. (d) Creating employment. (e) Bridging up the gap between the surplus and deficit of fund. (f) Development of a healthy capital and money market. g) Providing various services and utilities to the public. (h) Development of standard of living. (i) Maintaining justice and equity at all level of transaction. (j) Swishing over to mass banking from class banking. (k) Alleviating Poverty through Zakat & profit sharing micro-finance. 2. 6 Essential Features of an Islamic Bank: a) Prohibition of Interest: The traditional capitalist banking system depends of interest for providing loans and pays interest for taking loans. The spread between these two interests is the source of its profit. But according to Islamic Shariah all types of interest is banned.So Islamic Bank does not carry on business of interest and it completely avoids the transaction of interest. b) Investment Based on Profit: After departing from interest, the alternative ways of income for Islamic Bank are investment and profit. Thus Islamic Bank gives up any transaction of interest and makes investments based on profit. Bank distributes its profit to its depositors and shareholders. c) Investing in Halal Business: Islamic Shariah has banned the business of haram goods. For example Islam not only forbids the drinking of alcohol but also banned any business of alcohol.Therefore Islamic Bank does not get any haram business and only do halal business. d) Halal Paths and Procedures: Islamic Shariah also reject any haram path or process any case of a halal business. Therefore Islamic Banking system only allows the halal path procedures of Halal business. 2. 7 Distinguishing Features of Islamic Banking against Commercial Banking: (a) Risk Sharing: †¢ No predetermined rate of return. †¢ Sharing end result o f the business. †¢ Mudaraba loss is entirely borne by the Shahib-al-Maal. (b) Emphasis on productivity not on credit worthiness: †¢ Dominant consideration no on collaterals. Emphasis on soundness of the project. (c) Moral Dimension: †¢ Islamic value oriented system. †¢ Full compliance of Shariah. †¢ No finance for wine/tobacco/casino/pork production or trading. (d) Equity: †¢ Justice to all parties. †¢ Riba is unjust. (e) Allocative efficiency: †¢ Productive of the project. †¢ Finance goes to high productive project even if credit worthiness is lower. (f) Stability of the Banking System: †¢ Mudaraba & Musharaka Mechanism ensures stability. (g)Growth: †¢ Promotes Innovation. †¢ Entrepreneurship Development. 2. 8 BRIEF DESCRIPTION OF THE IBBL: Bangladesh is one of the largest Muslim countries in the world.The people of this country are deeply committed to Islamic way of life as enshrined in the Holy Quran and the Sunnah. Natu rally, it remains a deep cry in their hearts to fashion and design their economic lives in accordance with the precepts of Islam. The establishment of Islami Bank Bangladesh Limited on March 13, 1983, is the true reflection of this inner urge of its people, which started functioning with effect from March 30, 1983. This Bank is the first of its kind in Southeast Asia. It is committed to conduct all banking and investment activities on the basis of interest-free profit-loss sharing system.In doing so, it has unveiled a new horizon and ushered in a new silver lining of hope towards materializing a long cherished dream of the people of Bangladesh for doing their banking transactions in line with what is prescribed by Islam. With the active co-operation and participation of Islamic Development Bank (IDB) and some other Islamic banks, financial institutions, government bodies and eminent personalities of the Middle East and the Gulf countries, Islami Bank Bangladesh Limited has by now ea rned the unique position of a leading private commercial bank in Bangladesh. 2. 9 Mission:To establish Islamic Banking through the introduction of a welfare oriented banking system and also ensure equity and justice in the field of all economic activities, achieve balanced growth and equitable development through diversified investment operations particularly in the priority sectors and less development areas of the country. To encourage socio-economic enlistment and financial services to the low income community particularly in the rural areas. 2. 10 Vision: IBBL’s vision is to always strive to achieve superior financial performance, be considered a leading Islamic Bank by reputation and performance. The bank’s goal is to establish and maintain the modern banking techniques, to ensure the soundness and development of the financial system based on Islamic principles and to become the strong and efficient organization with highly motivated professionals, working for the benefit of people, based upon accountability, transparency and integrity in order to ensure the stability of financial systems. †¢ The bank will try to encourage savings in the form of direct investment. †¢ The bank will also try to encourage Investment particularly in projects which are more likely to lead to higher employment. 2. 1 Aims and Objectives: †¢ To conduct interest-free banking. †¢ To establish participatory banking instead of banking on debtor-creditor relationship. †¢ To invest on profit and risk sharing basis. †¢ To accept deposits on Mudaraba & Al-Wadeah basis. †¢ To establish a welfare-oriented banking system. †¢ To extend co-operation to the poor, the helpless and the low-income group for their economic enlistment. To play a vital role in human development and employment generation. †¢ To contribute towards balanced growth and development of the country through investment operations particularly in the less developed ar eas. To contribute in achieving the ultimate goal of Islamic economic system. 2. 12 Functions of IBBL: The IBBL’s has number of Functions, they are as follows: 1. General banking ? Account Opening Section ? M. S. B, M. S. S, Hajji Section ? P. O, T. D. R, D. D, T. T Section ? Cash Section ? Clearing House Section ? Transaction Entry Section 2. Foreign Exchange Section ? Activities for importer ? Activities for exporter ? Collecting and sending foreign remittance 3. Investment Section ? Activities for importer ? Activities for exporter ? Collecting and sending foreign remittance 2. 13 Organization Structure of Islami Bank Bangladesh Limited: [pic] [pic] CHAPTER-3 MODES OF INVESTMENT IN IBBL †¢ Introduction †¢ Investment policy of IBBL †¢ Investment Strategy of IBBL †¢ Investment Modes of IBBL †¢ Mode wise investment †¢ Sector wise Analysis †¢ Special Investment Schemes of IBBL CHAPTER-3 MODES OF INVESTMENT IN IBBL 3. 1 Introduction: Islamic Bank does not invest in loans and fixed interest securities. It can invest in ordinary share only while interest based bank can invest in loans and different kinds of securities.Islami Bank establishes and participate projects with its client as a partner and bears the risk along with the client on a proportionate basis. Besides, other conventional banks sometimes finance projects but do not bear risk. Finally, the concept of Islamic Bank is to establish on egalitarian society based on principles of social justice and equity. Whereas traditional banks pay a fixed interest on savings, time deposit and grant loans with interest for any purpose. We have gathered the fact that investment management is the theme of IBBL. The bank takes deposits and invests the same based on the profit-loss sharing.Bank go for the investment mainly which are long term and profitable in nature. IBBL also give high concentration on the investment that will generate more employment. As investment is one of t he most priority areas for the IBBL, so it needs to cautious in investment decision. To ensure proper investment IBBL always go with in-depth study before making the investment. So in the next phases we are going to demonstrate the way IBBL follow the manage investment. 2 Investment policy of IBBL: Investment policy of Islamic Bank and non Islamic bank are fully different.The investment policies of Islami bank Bangladesh limited are given follows †¢ To invest fund strictly in accordance with the principles of Islamic Shariah. †¢ To diversify its investment portfolio by size of investment, by sectors (public & private), by economic purpose, by securities and by geographical area including industrial, commercial & agricultural. †¢ To ensure mutual benefit both for the Bank and the investment-client by professional appraisal of investment proposals, judicious sanction of investment, close and constant supervision and monitoring thereof. To make investment keeping the soc io-economic requirement of the country in view. †¢ To increase the number of potential investors by making participatory and productive investment. †¢ To finance various development schemes for poverty alleviation, income and employment generation with a view to accelerating sustainable socio-economic growth and upliftment of the society. †¢ To invest in the form of goods and commodities rather than give out cash money to the investment clients. †¢ To encourage social upliftment enterprises. †¢ To shun even highly profitable investment in fields forbidden under Islamic Shariah and are harmful for the society. The Bank extends investments under the principles of Bai-Murabaha, Bai-Muazzal, Hire Purchase under Shirkatul Meelk and Musharaka. The Bank is making sincere efforts to go for investment under Mudaraba principle in near future. 3. 3Investment Strategy of IBBL: Most of the cases investment strategy of Islamic Bank and interest-based bank are contradictor y. The investment strategies of Islami Bank Bangladesh limited are given below: ? To check exodus of investment clients. ? To induct new investment clients. ? To induct good investment clients of other Banks. To enhance existing limits of good investment clients. ? Extension of investment transport sector. ? Extension of investment to backward as well as forward linkage industries. ? Extension of investment to real Estate Sector. ? Extension of investment to Jute sector; particularly for trading and export purpose. ? Strengthening supervision, control and monitoring mechanism. ? Training and motivation of manpower to handle increased and diverse volume of investment s. ? To give due consideration to high risk, high return and low risk, low return investment proposals. Adaptation of modern technology 3. 4 Investment Modes of IBBL: IBBL invests its money in various sectors of the economy through different modes permitted by shariah and approved by the Bangladesh Band. The modes of inv estment are as follows: [pic] A. Bai-Mechanism (Trading mode): Bai-Murabaha: Bai- murabaha may be defined as a contract between a buyer and a seller under which the sells certain specific goods (permissible under Islamic shariah and the law of the land) to the buyer at a cost plus agreed profit payable in cash or on any fixed future data in lump sum or by installments.The marked up profit may be fixed in lump sum or in percentage of the cost price of the goods. Important features: ( It is permissible for the client to offer an order to purchase by the bank particular goods deciding its specification and committing him to buy same from the bank on murabaha, i. e. cost plus agreed upon profit. ( It is permissible to make the promise binding upon the client to purchase from the bank, that is, he is to satisfy the promise or to indemnify the damages caused by breaking the promise without excuse. It is also permissible to take cash / collateral security to guarantee the implementation of the promise or indemnify the damages. ( Stock availability of goods is a basic condition for signing a Bai-murabaha agreement. Therefore, the bank must purchase the goods as per specification of the client to acquire ownership of the same before signing the Bai-Murabaha agreement with the Client. ( After purchase of goods the Bank must bear the risk of goods until those are actually sold and delivered to the Client, i. e. after purchase of the goods by the Bank and before selling of those on Bai-Murabaha to the Client buyer, the bank bear the consequences of any damages or defects, unless there is an agreement with the Client releasing the bank of the defects, that means, if the goods are damaged, bank is liable, if the goods are defective, (a defect that is not included in the release) the Bank bears the responsibility. ( The Bank must deliver the specified Goods to the Client on specified date and at specified place of delivery as per Contract. ( The bank shall the goods at a hig her price (Cost + {profit) to earn profit.The cost of goods sold and profit markup therewith shall separately and clearly be mentioned in the Bai-Murabaha agreement. The profit Mark-up may be mentioned in lump sum or in percentage of the purchase/cost price of the goods. But, under no circumstance, the percentage of the profit shall have any relation with time or expressed in relation with time, such as per month, per annum etc. ( The price once fixed as per agreement and deferred cannot be further increased. ( It is permissible for the bank to authorize any third party to buy and receive the goods on Bank behalf.The authorization must be in a separated contract. Bai-Muajjal: Bai-Muajjal may be defined as a contract between a buyer and seller under which the seller sells certain specific goods permissible under Islamic Shariah and law of the country to the buyer at an agreed fixed price payable at a certain fixed future date in lump sum or within a fixed period by him as per order a nd specification of the buyer. Important feature: I. Bank is not bound to declare cost of goods and profit mark-up separately to the client. II. Spot delivery of the item and payment is deferred. III.The bank transfers ownership and possession of the goods to the client before receipt of sale price. IV. Client may offer an order to purchase by the bank any specified goods and committing himself to buy the same from the Bank on Bai-Muajjal mode. V. It is permissible to make the promise binding upon the client to purchase from the bank. That is, he is either to satisfy the promise or to indemnify damage caused by breaking the promised. VI. Cash /Collateral Security should be obtained to guarantee the implementation of the promise or to indemnify the damages. VII.Mortgage / Guarantee /Cash Security may be obtained before / at the time of signing the agreement. VIII. Stock and availability of goods is a pre- condition for Bai- Muajjal agreement. The responsibility of the bank is to purc hase the desired goods at the disposal of the client to acquire ownership of the same before singing the Bai-Muajjal agreement with the client. IX. The Bank after purchase of good must bear the risk of goods until those are actually delivered to the client. X. The Bank must deliver the specified goods to client on the specified date and at specified place of delivery as per contract.XI. The Bank may sell the goods at one agreed price, which will include both the cost price and the profit. XII. The price once fixed as per agreement and deferred cannot be further in increased. Bai-Salam: Bai-Salam may be defined as a contract between a buyer and a seller under which the seller in advance in the certain commodity/products permissible under Islamic Shariah and the law of the land to the Buyer at an agreed price payable on execution of the said contract and the commodity products to the buyer at a future time in exchange of an advance price fully paid on the spot.Importance Features: Bai -salam is mode of investment allowed by Islamic Shariah in which commodity/product can be sold without having the said commodity (ies)/product(s) either in existence or physical/constructive possession of the seller. If the commodity /product are ready for sale, Bai-Salam is not allowed in Shariah. Then sale may be done either in Bai-Muajjal mode of investment. Generally, Industrial and agricultural products are purchased /sold in advance under Bai-Salam mode of investment to infuse finance so that product is not hindered due to shortage of fund/cash.I. It is permissible to obtain collateral security from the seller client to secure the investment from any hazards vis non-supply of supply of commodity (ies)/product, supply of low quality commodity (ies)/ product(s) etc. II. It is also permissible to obtain mortgage and /or personal guarantee from a third party as security before the signing of the agreement or at the time of signing the agreement. III. Bai-salam on a particular comm odity (ies)/product(s) or on a product of a particular field or farm cannot be affected. IV.The seller (manufacture) client may be made agent of the bank to sell the goods delivered to the bank by him provided a separated agency agreement is excuted between the bank and the client (agent). B. Share mechanism: Mudaraba: It is a from partnership where one party provides the funds while the other provides the expertise, labor and necessary business activities. The first party is called the Sahib-al Mall and the letter referred to at the Mudarib. Any profits accrued are shared between the two parties on a pre- agreed basis, while capital loss in exclusively born by the partner providing the capital.Important features: i. Bank supplies capital as Sahib-Al-Mall and the client invest if in the business with his experience. ii. Administration and management is maintained by the client, iii. Profit is divided as per agreement. iv. Bank bears the actual loss alone, v. Client can not take anot her investment for that specific business without the permission of the Bank. Musharakah: The term â€Å"Shirkat† and Musharaka† have been derived from Arabic words â€Å"Shairkah† and â€Å"Sharika† The word shirkah means a partnership between more than one partner.Thus the word â€Å"Musharaka† and â€Å"Shirkat† means a partnership established between two or more partners for purpose of a commercial venture participated both in the capital and management where the profit may be shared between the partners as per agreed upon ratio and the loss. If any incurred, is to be borne by the partners at per capital/equity ratio. In this case of Investment, â€Å"Musharaka† meaning a partnership between the Bank and the Client for a particular business in which both the Bank and the Client provide capital at an agreed upon ratio and manage the business jointly.Share the rent as per agreed upon ratio and bear the loss, if any in proportion to t heir respective equity. Bank may move itself with the selected Client for conducting any Shariah permissible business under Musharaka mode. Important features: †¢ Bank and client both supply capital Unequally/equally †¢ Profit is divided as per agreement and actual loss is divided as per equity. †¢ Client will maintain all accounts properly bank or its agent may verify or audit it. †¢ Banks can advice the client in such a business in respect of the business. Investment client will normally run and manage the business. †¢ The Bank shall take part in the policy and decision making as well as overseeing (supervision and monitoring) the operations of the business of the Client. The Bank may appoint suitable personal(s) to run the manage the business and to maintain books of accounts of the business property. †¢ As the investment client shall manage the enterprise, the Bank may pay more share of profit to him than that of his proportionate capital contributi on. Loss, if any, shall be shared on the basis of capital ratio. C.Hire Purchase under Shirkatul Melk: Hire Purchase under Shirkatul Melk is a Special type of contract that has been developed through practice. Actually, it is a synthesis of three contacts: i. Shirkat ii. Ijarah and iii. Sale These may be defined as follows: i) Shirkatul Melk: Shirkat means partnership. Shirkatul Melk means share in ownership. When two or more persons supply equity, purchase an asset, own the same jointly, and share the benefit as per agreement and bear the loss in proportion to their respective equity, the contract is calledShirkatul Melk contract. ii) Ijarah:The term Ijarah has been derived from the Arabic words (Air) and (Ujrat) which means consideration, return, wages or rent. This is really the exchange value or consideration, return, wages, rent of service f an asset. Ijarah has been defined as a contract between two parties, the Hiree and Hirer where the Hirer enjoys or reaps a specific servic e or benefit against a specified consideration or rent from the asset owned by the Hiree. It is a hire agreement under which the Hiree to a Hirer against fixed rent or rentals hires out a certain asset for a specified period. iii) Sale:This is a sale contract between a buyer and a seller under which the ownership of certain goods or asset is transferred by seller to the buyer against agreed upon price paid / to be paid by the buyer. Thus, in Hire purchase under Shirkatul Melk mode both the Bank and the Client supply equity in equal or unequal proportion for purchase of an asset like land, building, and machinery, transport etc. Purchase the asset with that quit money, own the same jointly, share the benefit as per agreement and bear the loss in proportion their respective equity.The share, part of portion of the asset owned by the bank is hired out to the client partner for a fixed rent per unit of time for a fixed period. Lastly the bank sells and transfers the ownership of its sha re/part/portion to the client against payment of price fixed for the either gradually part by part or in lump sum within the hire period or after expire of the hire agreement. 3. 5 Mode wise investment: 3. 5. 1 Mode wise investment performance: The mode wise investment performance of IBBL overall and the selected area is outlined below: (Fig. are in million) Modes |2005 |2006 |2007 |2008 |2009 |2010 | |Bai-Murabaha |23522. 92 |31138. 88 |41731. 48 |51822. 28 |59465. 08 |73833 | |HPSM |14131. 48 |18065. 10 |23344. 46 |30046. 89 |39399. 18 |50201 | | Bai-Muajjal |4965. 76 |5512. 13 |5735. 29 |5917. 18 |6921. 37 |6546 | |Purchase and Nego. 1865. 26 |1801. 33 |2416. 64 |3179. 81 |4846. 62 |11040 | |Quard-E-Hasana |1298. 19 |1765. 65 |1694. 32 |1966. 13 |1974. 20 |1955 | |Bai-Salam |407. 08 |610. 27 |807. 14 |641. 44 |905. 61 |1153 | |Mudaraba |52. 00 |103. 00 |102. 00 |50. 00 |50. 00 |50 | |Musharaka |37. 2 |12. 13 |27. 13 |20. 42 |12. 95 |143 | |Total |46279. 71 |59008. 49 |75858. 46 | 94644. 15 |113575. 01 |144921 | 3. 5. 2 Percentage of the mode wise investment for the years: (In Tk %) |Modes |2005 |2006 |2007 |2008 |2009 |2010 |Mean | |Bai-Murabaha |50. 83 |52. 77 |55. 01 |55. 34 |52. 5 |50. 95 |52. 875 | |HPSM |30. 53 |30. 62 |30. 78 |32. 09 |34. 69 |34. 64 |32. 225 | |Bai-Muajjal |10. 73 |9. 34 |7. 56 |6. 32 |6. 09 |4. 52 |7. 4267 | |Purchase & Nego. |4. 03 |3. 05 |3. 19 |3. 40 |4. 27 |7. 62 |4. 26 | |Quard-E-Hasana |2. 81 |2. 99 |2. 23 |2. 10 |1. 74 |1. 5 |2. 2033 | |Bai-Salam |. 88 |1. 04 |1. 06 |0. 68 |0. 80 |0. 79 |0. 875 | |Mudaraba |. 11 |. 17 |. 13 |0. 05 |0. 04 |0. 03 |0. 0883 | |Musharaka |. 08 |. 02 |. 04 |0. 02 |0. 01 |. 10 |0. 045 | 3. 5. 3 Division wise investment of IBBL for the years: (Amount in Tk) Division |2009 |2010 | |Dhaka |72637666426 |91473695824 | |Chittagong |19020120156 |25609818224 | |Khulna |8336566722 |12605186181 | |Rajshahi |10129510794 |11572609603 | |Barishal |990277259 |1077373472 | |Sylhet |2460929772 |2581926291 | |Total | 113575071129 |144920609595 | 3. 5. 4 Mode wise investment performance of Mirpur Branch: (In Lac Tk) Modes |2007 |2008 |2009 |2010 |2008 (up to july 31 ) | |Bai-Murabaha |2551 |3432 |4521 |5072 |4815 | |HPSM |4821 |5906 |6627 |6531 |6155 | |Bai-Muajjal |243 |720 |857 |807 |797 | |QTDR |259 |139 |197 |211 |303 | |Musharaka |46 |00 |7 |7 |00 | |Baisalam |00 |78 |136 |133 |100 | |Others |94 |175 |337 |483 |499 | |Total |8014 |10450 |12682 |13244 |12669 | 3. 5. 5 Percentage of the mode wise investment of mirpur branch for the years: (In Tk %) |Modes |2007 |2008 |2009 |2010 |2008(up to july 31 )|Mean | |Bai-Murabaha |31. 83 |32. 84 |35. 65 |38. 30 |38. 00 |38. 54 | |HPSM |60. 16 |56. 52 |52. 26 |49. 31 |48. 58 |58. 22 | |Bai-Muajjal |3. 3 |6. 89 |6. 76 |6. 09 |6. 29 |6. 34 | |QTDR |3. 23 |1. 33 |1. 55 |1. 59 |2. 39 |2. 20 | |Musharaka |0. 57 |0. 00 |0. 06 |0. 05 |0. 00 |0. 15 | |Baisalam |0. 00 |0. 75 |1. 07 |1. 00 |0. 79 |0. 79 | |Others |1. 17 |1. 67 |2. 66 |3. 65 |3. 94 |2. 86 | 3. 5. Sector-wise investment performance of IBBL: (Amount in million Tk) |Year |Comm’l |Industrial |Agriculture |Real State |Transport |other |Total | |2005 |17534. 07 |19692. 68 |2350 |3581. 72 |1851. 32 |1270. 30 |46280. 61 | |2006 |20467. 76 |24480. 21 |2235. 29 |5204. 18 |2475. 11 |4144. 94 |59007. 49 | |2007 |26877. 02 |35593. 03 |3537. 17 |5785. 11 |2472. 46 |1593. 77 |75858. 56 | |2008 |29284. 21 |46063. 51 |6445. 67 |6813. 0 |2975. 12 |2061. 94 |93644. 15 | |2009 |28983. 80 |62642. 10 |5890 |8357. 80 |2722. 40 |4978. 97 |113575. 07 | |2010 |43877 |78788 |6485 |8588 |2656 |4527 |144921 | 3. 5. 7 Sector-wise investment performance of Pallabi Branch: Amount in Lac TK |Year |Comm’l |Industrial |Agriculture |Real State |Transport |Other | |2007 |2667 |1002 |000 |3404 398 |543 | |2008 |3520 |1790 |000 |4189 |393 |567 | |2009 |5385 |2582 |000 |3570 |376 |769 | |2010 |5132 |2591 |000 |4324 |401 |796 | |2008(up to july |4867 |2362 |000 |4196 |337 |907 | |31) | | | | | | | |Mean |4706. 4 |2253. 14 |0. 00 |4294. 47 |415. 64 |781. 53 | 3. 6 Sector wise Analysis: i) Analysis of investment under Commercial Sector:Graphical representation of investment under Commercial Sector is as follows: |Branch |2007 |2008 |2009 |2010 |2008 |Mean | |Mirpur |2667 |3520 |5385 |5132 |4867 |4269. 6 | From table and above graph we find that, the average investment in commercial sector is satisfactory. In 2006, 2007 total investment under commercial sector was too much favorable. It is so much good for the company. So overall the commercial investment of the bank is satisfactory. ii) Analysis of investment under Real Estate Sector:Graphical representation of investment under Real Estate Sector is as follows: |Branch |2007 |2008 |2009 |2010 |2008 |Mean | |Mirpur |3404 |4189 |3570 |4324 |4196 |4294. 47 | / From table and above graph we find that, the average investment under Real Estate Sector is Satisfactory.. It is so much good for the bank. So overall the Real Estate in vestment of the bank is satisfactory. iii) Analysis of investment under Transport Sector: Investment under Transport Sector is as follows: Branch |2007 |2008 |2009 |2010 |2008 |Mean | |Pallabi |398 |393 |376 |401 |337 |415. 64 | From table we find that, the average investment in transport sector is not satisfactory. It has declined in recent years. Where the attention is necessary by the bank. iv) Analysis of investment under Industrial Sector: Investment under the Sector is as follows: Industrial |Branch |2007 |2008 |2009 |2010 |2008 |Mean | |Pallabi |1002 |1790 |2582 |2591 |2362 |2253. 16 |From table we find that, the average investment in agricultural sector is increasing. In recent years the investment situation under this sector is satisfactory. v) Analysis of investment under Others Sector: Investment under Others Sector is as follows: |Branch |2007 |2008 |2009 |2010 |2008 |Mean | |Pallabi |543 |567 |769 |796 |907 |781. 53 | From table we find that, the average investment in o thers sector is the most satisfactory. The trend was then going to the upward since 2007. vi) Growth rate of total investment of Islami Bank Pallabi Branch: (Amount in â€Å"000†TK ) Branch |2007 |2008 |2009 |2010 |2008(Upto July 31) | |Pallabi |851900 |1149725 |1431864 |1532342 |1461006 | Growth rate of Total credit shows the positive or negative tendency of people to collect their fund from the respective institutions. The higher the growth rate of total credits the best for the organization and its profitability. From the table mentioned above it is found that, the highest growth rate of total credit shows in 2008. It is so good for the organization. vii) Profit and Investment of several year of Pallabi Branch: Year |2007 |2008 |2009 |2010 |2008(upto july) | |Total Investment |851900 |1149725 |1431864 |1532342 |1461006 | |Investment Income |68058 |89288 |139411 |156624 |89834 | |Profit on IBG A/C |62187 |74987 |124616 |161790 |88554 | |Net Invst Income |130245 |164275 |264 027 |318414 |178388 | viii) Profit and Investment Ratio: Total Profit received on Investment Profit and investment ratio = ————————————* 100Total amount of investment Figures in 000 Tk |Branch |2007 |2008 |2009 |2010 |2008 |Mean | |Pallabi |15. 29 |14. 29 |18. 44 |20. 78 |9. 99 |17. 19 | Here in the above two graph we see that the profit and investment ratio of the IBBL is in average position. ix) Distribution of Investment by Sectors (Public & Private): (M= Million Taka) |Year |IF |Public Sector |Private Sector |Total | | | |% |Amount |% |Amount | |2008 |71912 |5 |3596 |95 |68317 |71912 | |2009 |86295 |5 |4315 |95 |81980 |86295 | |2010 |103554 |5 |5178 |95 |98376 |103554 | That investment distribution in private and public sector both are more effective for any country. But the Islami bank distributes the maximum investment in private sector because it earned comparatively more profit from private sector. x) Distribution of Investments by Areas (Rural & Urban): (Amount in Taka) Year |Rural |Urban |Total | | |% |Amount |% |Amount | | |2009 |8. 68 |9862235033 |91. 32 |103712836096 |113575071129 | |2010 |7. 86 |11386885036 |92. 14 |133533724559 |144920609595 | From the above table it is found that Islami bank invested the maximum money in urban area. Because maximum entrepreneur and business man stay in urban place. However maximum organization established in urban area. i) Distribution of Investments by Areas (Rural & Urban) of Pallabi Branch: Total investment of Pallabi branch is in Urban areas. There is no rural investment. xii) Distribution of Investments by sector(private & public) of Pallabi Branch: Total investment of Pallabi branch is in private sector there is no public sector investment. xiii) Distribution of country wise Investments of IBBL: |Year |Within Bangladesh |Foreign country |Total | | |% |Amount |% |Amount | | |2009 |100 |113575071129 |0. 0 |0000 |11357507112 9 | |2010 |100 |144920609595 |0. 00 |0000 |144920609595 | 3. 7 1. 2. 3. 1. 2. 3. 4. 1. 2. 3. 4. 1. 2. 3. 4. 1. SPECIAL INVESTMENT SCHEMES OF IBBL: CHAPTER-4 SWOT Analysis †¢ Strength †¢ Weakness †¢ Opportunities †¢ Threats 4. 1. 2. 1. CHAPTER-4 SWOT Analysis 4. 1 SWOT Analysis of IBBL: SWOT Analysis is used to evaluate the Strengths, Weaknesses, Opportunities, and Threats in a business. It is a methodology used to aid strategic planning that gained popularity during the 80’s. It involves specifying the objective of the business or project and identifying the internal and external factors. 4. 2 Strength:After analyzing the present market condition, IBBL got the following strengths, which will be favorable to us to launch our business. Honest and reliable employees: All of the employees of IBBL are honest and reliable. They are always devoted themselves to the works for better services. Better Quality of Services: The IBBL will run profitable business by pro viding first-rate banking services in a caring, upscale, professional environment. More funds for investment: For adequate financial ability they can provide loan to more investment clients. Appropriate Organizational Structure: IBBL has the appropriate organizational structure. Organizational structure will be developed by the local and foreign expertise. 4. 3 Weakness:The weaknesses of IBBL are as follows. Inaduquate Human Resource: IBBL does not have an adequate human resource management so that it has to encounter about their employees as well as recruitment. It does not develop HR department yet. So that it cannot properly train up to its employee and motivate its employees to give them reward. The ignorance of time value of money: According to Islami Shari’ah the interest should be prohibited. In another word Islami economy does not take the time value of money into consideration. So IBBL does not consider time value of money though our country does not follow Islami ec onomy. Slow velocity of investment:The velocity of investment of IBBL is very slow compared to other banks. It takes in excess of time while investing in a project. 4. 4 Opportunities: Looking at current marketing environment, the following opportunities of IBBL are being visible. More Market Share: As Islami banking is a growing type of business in Bangladesh, IBBL has a great opportunity to capture a large amount of market share. Many Islami banks are turning their faces towards conventional banking to capture market share, but IBBL will not compromise with its quality. It will maintain strictly Islami Shari’ah and will provide the best service to its clients to capture market share. More Market Growth:IBBL has the better HR than any other banks in Bangladesh. Their strategy making and implementing will ensuring to achieve a large amount of market growth. 4. 5 Threats: The following factors may occur as unfavorable phenomena for IBBL. Threat of New Entrants: New entrants to an industry impose several threats to existing competitors. New competitors can reduce the market share of all participants by dividing the â€Å"pie† into more pieces. They also may bring new technology or greater resources not available to present competitors and achieve a high market share position quickly to the detriment of all existing participants. So if any new entrants will be big threat for IBBL. Preference Diversity:Client’s preferences can be the most acute threat to any company. It can change any times. If the consumers think that they should prefer any other services rather that for the ultimate comfort, it could be the worst danger to IBBL. Political Unrest: Now-a-days political unrest becomes common phenomenon in a nation as well as the whole world. World is place of intense political unrest. So, political unrest can be harmful for IBBL. Financial Risk: Financial risk is the part of every business. Banks can increase the interest rate; insurance compan y can demand more premium or competitor can offer services in lower price. Economic Change: Changes in economic circumstances can be harmful for the IBBL.Personal income, savings, employment, and price level trends can have dramatic effects on the attractiveness of a firm's products or services in output markets not only final markets, but intermediate markets as well. CHAPTER-5 FINDINGS AND RECOMMENDATIONS †¢ Analysis of finding problem †¢ Recommendations †¢ Conclusion †¢ Bibliography CHAPTER-5 FINDINGS AND RECOMMENDATIONS 5. 1 Analysis of finding problem: I have identified some problems and limitations in Islami Bank Bangladesh Limited while working in Mirpur-10 branch. For these problems IBBL cannot provide best services to its customers as well as customers are not getting ultimate service from IBBL. These problems are given follows: ) Major Investment of IBBL is on commercial and Industrial sectors. ii) Minimum amount of investment is on agricultural sector. iii) IBBL always invest welfare oriented sectors. iv) Large portion of investment is invested by mode of Baimorabaha that is 53. 26%. v) Maximum amount of investment is in Dhaka division. vi) Total investment of IBBL is increasing gradually. vii) No Islami money market is available. Easily money transaction is not possible without the Interest based banking system. viii) No Islami money market is available. Easily money transaction is not possible for the Interest based banking system. ix) IBBL cannot syndicate the other conventional banks. ) Lack of proper supervision. xi) Lack of stable economic condition. xii) Lack of skilled manpower. xiii) Inadequate legal framework. xiv) Unfavorable business environment. xv) Lack of opportunities for profitable investment. xvi) Political unrest. xvii) Customer service is not so much well. xviii) There is no sufficient and high bandwidth Internet connection available in the bank. So, bank cannot ensure better service for all Customers outward city. xix) Some few desks use obstacle instruments and take a huge time to accomplish a particular task. xx) It lacks workforce in general banking section. Employees are not that much motivated to work due to excessive workloads. xi) People still confuse IBBL’s products to conventional banks. For example, people frequently call Mudaraba Special Savings (Pension) Scheme or MSS as DPS like conventional banks. xxii) In a beginning and ending day of the week, the flow of customer is so high so at time handling of the customer is so difficult and that show the lack of professional image. xxiii) The decoration system of the bank is not a planned way and the floor, furniture, other materials are not cleaned in a right way and every time so the working condition is not comfortable. xxiv) Sunday and Thursday is very gathering in account opening, cheque issue, cheque received and pay order. xv) Some purpose they provide cash loan to the clients, for example Hire Purchase under Shirkatu l Melk Real Estate 5. 2 Recommendations: Islami Bank Bangladesh Limited has achieved outstanding success during last twenty six years, but competition is being increased simultaneously. Lots of banks are being opened and many banks are opening Islami banking division. To survive as number one position IBBL has to do lots of things. Some of these are suggested below: 1. IBBL should increase investment in agricultural sector because Bangladesh is an agricultural country. 2. IBBL should increase their investment in public sector because their maximum investment is in private sector. 3.Bangladesh is rural base country, So IBBL should increase their investment in rural area. 4. Operational cost should be minimized. 5. IBBL should try to improve the deposit investment ratio for higher productivity. 6. To decentralize the decision-making authority of the bank. 7. Modern method should be introduced for increasing management information system and accounting information system. 8. IBBL is al lowed to determine the rate of profit on deposits and advance. 9. The productivity of the bank may be raised by better funds management and portfolio management improving recycling of funds and developing other income from the business activities of the bank. 10. Purpose oriented training program. 11.Encouraging development of positive and cooperative relationship between management and trade union. 12. Better industrial relationships participatory decision-making etc, is needed to improve the high productivity for the bank. 13. They should improve their customer service. 14. The branch should introduce fully computerized system as soon as possible to reduce time, labor and cost. 15. A large office space should immediately be allocated for this branch. 16. To operate General Banking operations smoothly, some people should immediately be appointed. 17. A prime location should be selected and interior designer should be hired in decorating office. 18. Number of office assistants shoul d be increased. 19.Employees should be smooth behave with customer basically in account opening and convince them. Some other suggestions may be in brief: ? Awareness programs can be arranged for the clients to have a clear view of IBBL products. ? Authorized employees should be monitored to be available at their located divisions ? Branches need to be 100% automated ? Online service should be every where ? Client selection should be cautious ? Overdue should be regularly monitored and minimized ? The information should be available about the investment products and their costs of fund ? Bank documents should be easy and clear to the clients 5. 3 Conclusion: Once upon a time, most of the people didn’t understand interest-free banking system.They never thought that it is possible to provide banking facilities without interest but in passage of time, now it is clear that in Islam there as a banking procedure though profit / less sharing basis. In course of time problems have re duced but not delaminated. This bank is trying to operate their activities according to Islami Shariah. If the Govt. becomes conscious to solve these problems and the banker become cordial and cooperative, the problems may be reduced to a greater extent The Gradual and successful globalization of Islami Banking coupled with growing awareness of the people about its financial and social benefits makes it clear that the next century is going to be the century of Islami Banking. It would be very difficult for them to survive as a number one position, if their service qualities remain constant.Big clients are switching to other bank for this reason bank is losing huge market share. They should pay more attention to big clients. It is also true that maintain Shari’ah and pay special attention to particular person is very difficult. Innovative product should be launched by Islami bank Bangladesh limited such as credit card, investment in education sector to cope with present situat ion. This project will help IBBL to get advantage over others. Special training should be given to employees to develop their behavior. 5. 4 Bibliography: ———————– CHAIRMAN VICE CHAIRMAN DIRECTORS EXECUTIVE PRESIDENT DEPUTY EXECUTIVE PRESIDENT EXECUTIVE VICE PRESIDENTSENIOR VICE PRESIDENTS VICE PRESIDENTS ASSISTANT VICE PRESIDENT Second Officer (Senior Principal Officer) Investment Department (Principal Officer) Foreign Exchange (Principal Officer) General Department (Principal Officer) Senior Officer Assistant Officer (Grade–II) Assistant Officer (Grade–I) Officer Senior Officer Officer Officer Probationary Officer Assistant Officer (Grade–II) Assistant Officer (Grade–I) Assistant Officer (Grade–II) Assistant Officer (Grade–I) Manager a) Bai-Murabaha b) Bai-Muajjal c) Bai-Salam d) Istishna’a a) Mudaraba b) Musharaka a) Hire Purchase b) Hire Purchase Under shirkatul Melk Bai- Me chanism Share Mechanism Ijara Mechanism

McCormick Company Essay

â€Å"Since 1889, McCormick has been the Company (McCormick) to turn to for flavor expertise. Today the world relies on their prized consumer brands, trusted ingredients and culinary know-how. McCormick is a global leader in the manufacture, marketing and distribution of spices, seasonings and flavors to the entire food industry. Customers range from retail outlets and food manufacturers to food service businesses.† The McCormick & Company was started in Baltimore, in one room and a cellar by 25-year-old Willoughby M. McCormick. McCormick’s first products were root beer, flavoring extracts, and fruit syrups and juices, sold under â€Å"Bee Brand† and â€Å"Silver Medal† trademarks; â€Å"Iron Glue† (Sticks Everything But the Buyer) and â€Å"Uncle Sam’s Nerve and Bone Liniment† (For Man Or Beast). Products were sold door-to-door and the motto was â€Å"Make the Best – Someone Will Buy It.† In 1896 McCormick bought F. G. Emmett Spice Company of Philadelphia. All machinery was shipped to Baltimore, as the firm prepared to enter the spice field. In the 1900’s its export office opened in New York City, products were shipped to South and Central America, South Africa, East and West Indies, and Europe. The â€Å"Banquet Brand† was established for spices and mustard and they incorporated in Maine, and the firm now enjoyed a wide good standing reputation as manufacturing chemist, drug & spice millers, importers and exporters. The company suffered a great loss of all material assets and records in the Great Baltimore Fire, but within 10 months, a new five-story building was erected on the old site. McCormick added â€Å"Bee Brand† Tea to the product line and became one of the first manufacturers of tea in gauze pouches, thereby introducing â€Å"tea bags.† In the summer of 1912, Charles P. McCormick began working as shipping department clerk and in 1925 he was elected to the Board of Directors. On November 4, 1093 the founder Willoughby McCormick died, thereby leaving 36-year-old C. P. McCormick as elected President and Chairman of the Board. Faced with the serious crisis of the Depression, he quickly implemented a new business philosophy called â€Å"Multiple Management.† A Junior Board of Directors was established. Though out the early 1900’s many business of the like were acquired and the McCormick’s target market was broadened. In 1970 Charles P. McCormick died of a heart attack and Harry K. Wells became Chief Executive Officer on December 1 following John N. Curlett’s retirement from the Company. Mr. Curlett remained Chairman of the Board. Just as in the early portion of the 19th century McCromi 1972 The Company entered a joint venture with Promociones y Commisiones, S.A. of the Republic of Mexico, purchased from the John Kraft Sesame Corporation of Paris, Tex. The venture was renamed Sesame Products, Inc. Industrial Flavor Group is established to encompass activities of Industrial Flavor Division (formerly Industrial Products Division), Botanicus Pte. Ltd., and Sesame Products, Inc. 1974 Acquired Golden West Foods, Inc., of Gilroy, Calif., to manufacture and distribute frozen food products. The Company entered the frozen foods field under the Schilling label with frozen sour dough breads at the retail level and with food service products. 1975 Acquired All Portions, Inc., for $4.5 million, which manufactures portion-control packets of condiments, with plants in San Fernando, Calif., Indianapolis, Ind., and Atlanta, Ga. The two major retail units of the Company the McCormick Division in the east and the Schilling Division in the West, were consolidated to form a new Grocery Products Division, headquartered in Baltimore. The Management Services Division was established to provide improved information services to all units. 1976 Chicago-based TV Time Foods, Inc., producer of popcorn products, was purchased for $3.75 million as a wholly owned subsidiary. 1977 Harry K. Wells elected Chairman, President, and Chief Executive Officer. John N. Curlett named Chairman Emeritus. Astro Foods, Inc., of San Rafael, Calif., producer of specialty frozen food products for airlines and restaurants, was purchased for $325,000 as a wholly owned subsidiary. 1979 $3.5 million plant in Bedford, Va., opened for production of frozen onion rings by Golden West Foods. Gilroy Foods dedicated solar energy project to be used for dehydration of onions and garlic. Han-Dee Pak, Inc., a portion-control manufacturer in Atlanta, Ga., was purchased for $6 million and became a subsidiary. Harry K. Wells was elected Chairman of the Board and Chief Executive Officer, and Hillsman V. Wilson was elected President and Chief Operating Officer. Sandoz, Ltd., a Swiss pharmaceutical firm, announced its intentions to buy the entire company in October 1979. McCormick supplies spices, herbs, extracts, seasoning blends, sauces, marinades and specialty foods to an assortment of retail outlets such as grocery, mass merchandise, warehouse clubs, discount and drug stores. In the U.S. their principal brands include McCormick ®, Lawry’s ®, Zatarain’s ®, Thai Kitchen ®, Simply Asia ® and El Guapo ®. In Canada their brands are Club House ® and Billy Bee ®, in the U.K. it’s Schwartz ® and in France it’s Ducros ® and Vahine ®. In other markets, including Australia and China, the McCormick brand is primarily used. Consumers can find thier products in nearly 100 countries around the world. To drive thier consumer business we are developing innovative products, increasing marketing effectiveness, expanding distribution and acquiring leading brands and niche products. The industrial business supplies products to many of the world’s top food manufacturers and food service businesses from locations primarily in North America, Europe and the Asia/Pacific region. Products include seasoning blends, natural spices and herbs, wet flavors, coating systems and compound flavors. While the McCormick name may not be on the package or menu, we add great taste to a wide range of packaged food including snacks, savory side dishes and cereals, as well as restaurant items that include sandwich sauces, chicken coatings and bread toppings. To grow our industrial business we are supporting the global expansion of customers, building current and new strategic partnerships and developing consumer-preferred, value-added products. With a solid balance sheet and strong cash flow, McCormick has paid dividends every year since 1925 and increased its dividend per share in each of the last 24 years. Effective strategies, our Multiple Management philosophy and a great team of employees are key ingredients behind our financial performance and increased shareholder value. Retail outlets, food manufacturers and food service businesses – they all depend on their spices, seasonings and flavorings. McCormick is so prevalent throughout the food industry that it’s very likely you enjoy the taste of McCormick every day. McCormick employees conduct business under the leadership of their Chief Executive Officer who is subject to the oversight and direction of a Board of Directors. We are open and honest in business dealings both inside and outside the Company. We serve our customers, consumers, suppliers and communities in accordance with the highest standards of business ethics.

Crime scene in the novel and film Essay Example | Topics and Well Written Essays - 1000 words

Crime scene in the novel and film - Essay Example of the said author that deals with important political and social issues such as terrorism, anarchism and the events that can be related to such issues. The main point of view of the said novel is mainly on the side of the antagonistic character in a society mainly on the basis of the perception that it presents on the people involved with the act of terrorism and other criminal dealings. Based on the experience brought about by the novel, it can be considered that in cases of extreme belief in certain philosophies, people are capable of crimes and actions that the norms can consider as evil. The nature of human being then can be considered highly complex and cannot be boxed through cultural and moral standards. The main character of the story represents a normal person with a family which often has conflicts regarding different aspects of life. Basically, one of the highlight of the character’s life is regarding the peers with similar point of view specifically anarchists who rooted for revolution using unconventional actions. Although this is the case, the wife of the main character depicted the capability if a person to hurt another which can also considered as an act of terrorism and anarchy specifically when she had killed her husband. The representation presented by Conrad reflects the human nature that is outside the stereotypical view. That includes the focus on the irony of perceptions on the weakness of the women in the society; the limitations in the harm one human can do to another regardless of relationship; and that capacity to do crime is not limited to the distraught and the people without morality. Crimes can be committed regardless of culture, norms and character of a person. The novel The Great Gatsby is another notable published work by F. Scott Fitzgerald. It is a representation of the American society after the WWI. The novel represents the conflicts occurring in the society due to different factors that are interplaying. One

Descriptive Statistics of the Business Model Project

Descriptive of the Business Model - Statistics Project Example Descriptive Statistics of the Business Model From table 1.1, which gives Descriptive Statistics, the mean of driving distance for the current model is 272.85 and that of new model is 269. Hence the mean of the new model is 3.85 lower than the mean for current model. The standard deviation of the current model and new model are 9.81 and 11.434 respectively. Coefficient of variation is a measure of reliability and it depicts the consistency of a series of data. If it is lower for a series of data, then the series is considered to be more reliable than the series which has relatively greater coefficient of variation. It is computed as SD divided by mean multiplied by 100. It is expressed in percentage. When we evaluate the coefficient of variation for both the models, the coefficient of variation is 3.6% for the first model and 4.25% for the second model. Hence the current model seems to be more reliable than the new model. To test whether this difference of 3.85 is significant or not we perform independent t-test. To know the ext reme values (both current and new model) both upper 5 and lower 5 values, the following table 1.2 is given. From graph 1.1, Boxplots allow us to compare each group using a five-number summary: the median, the 25th and 75th percentiles, and the minimum and maximum observed values that are not statistically outlying. Outliers and extreme values are given special attention The heavy black line inside each box marks the 50th percentile, or median, of that distribution.

Article Assignment Example | Topics and Well Written Essays - 500 words - 2

Article - Assignment Example Many such examples are widely known today. The three times hybridization of the prairie sunflower with the common sunflower that results in the generation of three different types of sunflowers, namely the puzzle sunflower, the desert sunflower, and the sand sunflower is one good example. (Carroll, 2010). In this case, it has been possible to make the hybrids survive in extreme weather conditions that the parent sunflowers did not have an ability to. It has been discovered through research that the sand sunflower and the puzzle sunflower can grow in dune and salty habitat respectively while the parent sunflowers can not. It is not only about survival, the hybrids can actually germinate and grow in areas which were harsh towards their parents in terms of extremity of habitat conditions. Thus, one potential advantage of hybridization is that it can be chosen as a means to ensure the sustainability of various plant and animal species. Manual hybridization of animal and plant species can cause the parent species to develop hybrids with various genetic disorders that include but are not limited to the increased susceptibility of the hybrid to acquiring diseases, impotency and shortened life periods. This causes such hybrids as mules (hybrids of horse and donkey) and zorses (hybrids of horses and zebras) to become extinct as they are not equipped with the tendency to prolong their generation. Besides, it is also not justifiable from an ethical point of view in that such animals and plants suffer from infertility, and there is little awareness of the medication that suits them when they require a treatment for their frequently acquired diseases. Hybridization of animals can cause many more challenges for the future generations as compared to the hybridization of plants particularly because disorders with the former are more obvious and

Festival and events Essay Example | Topics and Well Written Essays - 500 words - 1

Festival and events - Essay Example In addition, we have also approached for additional funding from the Virgin Australia Airlines Pty Ltd that offers sponsorship based on their internal evaluations for events that deliver community benefits that align to the direction of the company (n.d). In this note, the company agreed to donate $1000 to sponsor the night trivia. Further, we were keen in controlling the costs of organizing the event by ensuring that we select a venue that is cost effective. Our choice of venue for the event is Apple cross Anglican Church where it is possible to reduce the total cost for holding the event while still making the guests to have fun. The main hall areas in the Apple cross Anglican Church can host a maximum of about 230 guests at a cost of $20 per hour after 6pm for non-profit events (Applecross Anglican Church, n.d). In addition, the venue has other additional offers such as tables and soft drinks. Further, we have approached the Sound Guys Company where we have obtained discounted sound system at a cost of $70 for the event. All these additional resources make the cost of holding the event in the venue to be within our limited budget. In order to attract a large number of guests, we have organized some prizes and gifts that will be given to the participants of night trivia. For instance, we have approached Dymocks book shop who agreed to donate different types of books in order to support the event. In addition, we have also approached Coles Supermarkets who agreed to support the night trivia by donating food hampers that will play great part in attracting more participants. Further, we were able to get some gifts such as soaps, perfumes and lotions from Elizabeth Shop that will also constitute the prizes to be given out. In order for the participants to win the gifts, the trivia will be organized in such a way that groups in a table will compete

The prophet Mohammed Essay Example | Topics and Well Written Essays - 750 words

The prophet Mohammed - Essay Example However Prophet Mohammed enjoyed his responsibilities and everyday jobs during his stay with uncle. The way he overcame the tribulations has imbued me a lot with the real meaning of spiritual pursuit. To begin with, Mohammed was able to draw the care and attention of the uncle’sfamily by his appreciative nature and sincerity. His presence had brought blessings and prosperity to Abu Talib’s home. According to Huseyin Algul (14), it was his appreciative and honest character that made him well-known for many years. His bravery and high concern to truth and justice also make me mull over the essential qualities required for a true believer. For instance, while travelling to Syria together with his uncle Abu Talib, he was questioned by a monk and was recognized and admired for his brave qualities. Moreover, he always opposed injustice and supported people to fight against robbery and other evils. The people of Makka admired Prophet Mohammed for his character and deeds and co nsidered him praiseworthy. People loved him for his honesty and titled him as ‘al-Amin’ which meant trustworthy and this title impressed Khadija to marry him. He played vital role in settling the conflicts that arose during the reconstruction of Ka’ba. ... The prophet convinced the world of the multiple responsibilities of a true believer through his own heavenly deeds. He not only worked to eradicate injustice but also to eliminate all sorts of evils prevailed in the society. All the dishonest and unfair activities of people disappointed him very much and forced him to stay in caves for certain periods of time. Subsequent to his stay in caves away from the city, God gave him the duty of Prophet Hood. Khadija, Ali and Abu Bakr were some of the first people to accept Prophet Mohammed’s invitation to Islam. This phase of his life obviously points out to the need of internal piety and prayer before we set forth to undertake a mission. Prophet Mohammed had to face lot of challenges during the spread of Islam. The people including the slaves who got converted to Islam were harassed and betrayed by the idol worshippers. This slowed down the mission of Prophet of spreading the principles of Islam. He was not supported by anyone but was tortured and ill-treated by everyone. He was not let down by these activities but remained determined and continued his fight to fulfill the mission. His commendable attitude and uphill struggle proved him worthy in fulfilling his responsibilities. He never showed any act of revenge to his opponents but demonstrated his greatness by forgiving them. This added to the admirable qualities of Prophet Mohammed and enriched his popularity. Prophet Mohammed exhibited sincerity and simplicity in his living which attracted every individual to his morals and persuaded them to accept the principles of Islam. Obviously, this is the emotional stature he expected from every individual who accepted the faith. As Al-Jubouri (91) comments, prophet Mohammed was not just a messenger of

Alzheimer Agitation - Prevention Research Paper

Alzheimer Agitation - Prevention - Research Paper Example Method of Search: The paper has been written after extensive research on literature available on Alzheimer disease and the agitation associated with it. As no treatment is available to fully cure the disease, therefore, following preventive measures is the only effective way to prevent the onset and reduce the severity of agitation. Some of the common up to date preventive measures followed in nursing homes are listed in this paper and have been taken from different books written on Alzheimer disease. Introduction and Significance: The Dementing disease was first discovered by a German neuropathologist, Alois Alzheimer and the disease is named after him. Among individuals of age 65 and older, the most common type of Dementia is Alzheimer’s disease which is known in medical literature as Alzheimer disease. As the age progresses, half of the elderly individuals experience a loss of memory, judgment, and language to an extent that it starts to mediate a huge impact on their daily lives. In the United States, AD is a major health problem because of its huge impact on various departments of the health care system, the lives of the patients and their families. In accordance with the recent statistical data, there are a staggering number of AD cases in the United Sates alone amounting to 4 million individuals. The percentage of individuals with AD doubles for every five year age group beyond the age of 65. Moreover, the highest risk of AD is amongst the individuals over the age of 85. In industrialized countries, the improvement and widespread provision of health care facilities have increased life expectancy which has inevitably led to an increase in the number of cases being reported over the past few years. (National Institutes of Health 2002). Scientists estimate that if curative measures are not discovered then the number of cases in US in 2050 would be around 14 million. Over the years the cost of care of patients with AD has steadily shown an increase. I n United States of America, the annual national cost of caring for individuals with AD amounts to approximately around $1 billion. (National Institutes of Health 2002). Alzheimer disease is a progressive brain disease which is irreversible and gradually reduces the thinking skills and memory to such an extent that the person becomes incapable of carrying out normal daily activities. However, the causes and the subsequent progression of the disease has not yet been fully exposed which has significantly slowed the progress in devising ways to prevent the disease. The treatments that are currently available only aim at reducing the severity of the disease symptoms. (National Institutes of Health 2002). Alzheimer agitation refers to the behavioral patterns exhibited by a typical Alzheimer patient. The typical behavioral patterns include screaming, complaining, wandering, cursing, fidgeting, pacing, moaning and shouting. Progression of the disease is characterized by memory loss and degr adation of thinking skills in addition to an increase in the severity of Alzheimer agitation. It is worth mentioning that every abnormal behavior is not classified as agitation. If the abnormal behavior poses a risk to the individual with AD or the people around him then it is considered to be agitation. Agitation associated with AD can be due to a single medical problem or a cumulative effect of a variety of different contributing factors such as

Facebook and the Case for Editing Oneself Essay Example | Topics and Well Written Essays - 750 words

Facebook and the Case for Editing Oneself - Essay Example I really liked this person I met at a party, who I would just call Alex. I and a friend of mine freely talked about him on my Facebook timeline. I was quite confident because he was not on my friend's list. The next day, I was surprised when I got a call from Alex because, apparently, he learned about the conversation because he was a friend of a Facebook friend, so he had access to my profile. First, it was embarrassing second, it was disastrous because he turned out to be obnoxious and would post in my timeline rude things. I have to delete my profile and not use Facebook for a month.Sethi cited the problem that many users experience with social media: Facebook is accessible almost to anyone. Sometimes we post things that are intended for friends. But then, our Facebook "friends" and our social network are not all composed of friends but other groups such as family, colleagues, future employees, future partners, and so forth. So it is incredibly difficult, to be honest, and post ju st about everything that transpires in our lives because each of these has different standards of propriety. Sethi pointed out, for instance, that she is careful not to post anything such as short haircuts and other things that might be offensive to her conservative family living in Thailand. It is important to note that the data stored on Facebook could be accessed regardless of location and also time. We post pictures or messages that seem alright today but the case might not be true in the future.

Research Paper Essay Example | Topics and Well Written Essays - 1250 words - 1

Research Paper - Essay Example els of those gases, by emitting carbon dioxide from the burning of fossil fuels such coal, oil, and natural gas; methane and nitrous oxide produced by agricultural activities and changes in the use land use; and by some industrial gases that do not occur naturally but are long lived in the atmosphere. Emissions of poisonous gases from vehicles are also constantly polluting the air. In fact, a large proportion of harmful gases in the atmosphere are being emitted from the vehicles. With the development of civilization, the rate of transportation has also increased. Today, most of the vehicles are run by fossil fuels, like petrol, diesel, coal etc. the burning of these fuels emit hazardous gases in the atmosphere and enhances the risk of global warming. In order to protect the Universes from the curse of global warming, the immediate need is to reduce the emission of those gases that are responsible for global warming. In order to reduce emission level, the prime requirement is to discover alternative sources of energy other than fossil fuel. The vehicles, therefore also need to be run by the energy whose production does not need petrol, diesel or coal. Scientists are experimenting several alternatives to the traditional source of energy for the vehicles. Fuel cell cars are being treated by many scientists and car making company as the greener versions of the modern day cars. It is being increasingly expected that these fuel cars will be able to reduce pollution level and offer great fight against global warming. But the issue of concern is how far these expectations will be materialized in reality. A number of questions relating to fuel cell cars will be addressed in this paper including the questions like what the concept of fuel cell cars is all about? What are its advantages and dis-advantages? And will it be able to provide a strong fight against global warming? All these questions will be addressed in the following sections of this paper. Fuel cell car is a

Flowers for Algernon - Qualities That Surpass Intelligence Essay Example for Free

Flowers for Algernon Qualities That Surpass Intelligence Essay Flowers for Algernon, is a classic novel written by Daniel Keyes a young mentally challenged man named Charlie Gordon. This book chronicles, from a first person point of view, Charlie’s mental and physical struggles and achievements after undergoing a breakthrough procedure that is hoped to render him intelligent. Throughout the book, much of the focus is on Charlie’s academic progress while his emotional and personal development is not much of a concern. This becomes a problem because Charlie realizes that it is important to demonstrate qualities other than intelligence to lead a life that is oth happy and successful. Qualities shown to be more important than intelligence in Flowers for Algernon are: patience, kindness and respect. Throughout Flowers for Algernon, patience is often shown to be a more important quality in character than intelligence. Starting from the beginning when Charlie was still mentally challenged, people never seemed to be patient with him. If they had taken the time to get to know and understand him they would have seen that he had a good heart and genuine personality. This also applies to our everyday life. We must be patient and try to understand others before we begin to judge them. Charlie also demonstrated the negative consequences of a lack of patience when his intelligence began to surpass that of those around him, â€Å"I was afraid it would come to this, but I have no patience with her now. I’m jealous of every moment away from the work- impatient with anyone†¦Ã¢â‚¬ (Keyes 295). You can clearly see that due to his lack of patience with anyone around him, he is in a state of upset and distress. That is how patience is shown to be more important than ntelligence in this novel. Kindness is another quality shown to surpass intelligence in order of importance in Flowers for Algernon. Simply being kind to others can get you far in life and change others views and opinions of you in a positive way. This is shown when Alice tells Charlie what made him such a great person before he had the operation, â€Å"There was something in you before. I don’t know†¦ a warmth, an openness, a kindness that made everyone like you and like to have you around. † (Keyes 122). Being kind makes both yourself and others feels good. While everyone may not be able to solve an algebraic equation or understand Shakespeare, we can all interpret, accept and appreciate kindness in all its forms. This is why kindness is shown to be a more valuable quality than intelligence in Flowers for Algernon. A third quality shown to be more important than intelligence in Flowers for Algernon is respect. Everyone wants to be valued and respected and when you behave in this way towards others, it is often reciprocated. Everyone should learn to respect each other for who they are and not try to change them. Each person is an individual with their own thoughts and feelings and we can not change them. In the novel, a bakery employee stresses the importance of respect when the other workers make fun of Charlie, â€Å"He can’t help what he is†¦ but for God’s sake, have some respect! He’s a human being! † (Keyes 199). Charlie also often feels that he is not being respected as a human being and that he is just being treated as an experiment. This has a negative impact on him and also demonstrates the importance of respect. Those are the ways that respect is shown to be a ore valuable quality than intelligence in this novel. If one looks between the lines in the novel Flowers for Algernon, they will interpret many messages and take away valuable lessons from it. One of which is that there are qualities that are much more valuable and important than intelligence. The qualities that are shown to be more important than intelligence in Flowers for Algernon are patience, kindness and respect. By possessing and utilizing these qualities a person can lead both a happy and successful life and better the lives of those around them.

Understanding the Importance of Education Essay Example for Free

Understanding the Importance of Education Essay â€Å"Education is the most powerful weapon which you can use to change the world.† ― Nelson Mandela Education is one of the important processes in human life that people tend to through so as to pursue their long term dreams. In today’s world, education is believed to be the power for it is the process that makes good men out of nothing. The world can only come into civilization with education of which without it, all the activities taking place in the world can stagnate as there are no educated and skilled personnel to manage them. In the American history Education is recognized as an extremely important process as they also believe that it is through education that their country or states can gain political social and economic stability. This made education be referred to as the power due to the fact that it forms the basis of any good thing in the American history. Due to this significance that education has to the lives of people, very many strategies have been put forward to boost this process so as to continue serving many people. How do we approach our country’s economic instability by understanding the importance of the education? Education lays a good platform in everyone’s life. Learning is the key word of everyone’s life until the death. Learning does not mean to be to going to school. If a person realizes the importance of learning that is also called learning. In my life learning was started in many ways and interpreted in many ways. At my sixteenth birthday, I realized I did not learn anything so far. So the intuition of learning desire was started after I met my science teacher in my high school. He was a fantastic teacher and mentor. He said many times to me about higher education. It is always true sixteen to nineteen years of age is decidedly unambitious for thinking of a future. Many times my father preached about education to me. Here is the some example of my father’s preaches, â€Å"Education will help you grow as an individual because the more knowledge you have the better understanding you will have in any given problem that will come your way. It will give you self-satisfaction and will boost your self-confidence†. As an individual, I know it will help me in a lot of aspects in my life. It will give me financial stability because I will be able to land a good job and a high paying salary. I will learn how to spend my money and will learn how to invest it wisely. The more education I have the more respect and acknowledgement I will get from people. Knowledge is terribly paramount that is why we need to take it seriously. It is the strong weapon you can have to conquer this complex world. If you have a good education nobody can fool you and you will not tolerate any mistreatment from people. It will give you better views in life if you are well educated. In the social aspect of my life education will give me a better understanding on how to communicate to people effectively. I will understand what is happening around me. For example, voting, I will have enough knowledge to carefully choose the candidate I will vote for. I will know what to consider in choosing the right candidate to serve and protect our country. I will be able to understand the social issues that our country is facing and will be capable to help in my own little way. However, it is apparent in this competitive world that most of the successful person have the proper education especially the higher position in society they have proved that education will give you the edge in life. Thus education is as valuable as the air we breathe. It is the most vital possession a person must have. Education is beneficial in many aspect of life especially, personal and social it is the only possession that cannot be taken away from you. Education is beneficial because it will open up the windows of opportunities. In this competitive world having a good education is as valuable as the air we breathe because it is our weapon to conquer the world. Education is supremely essential especially in today’s society. It gives you the windows of opportunities and to pursue your dream. It will not only make you a better person, but it will also give you a better life. I believe that education should be taken seriously because it is our only weapon to conquer the world. World will be a better place if people are well educated in this competitive world that most of the successful person have the proper education especially the higher position in society they have proved that education will give you the edge in life.

Astronaut Performance and Health Risks

Astronaut Performance and Health Risks One of the major NASAs operation is space exploration which is the constant investigation and discovery of celestial patterns in the space by means of developing and increasing space technology. Although the space is studied by astronomers using telescopes, it can be physically explored both by unmanned robotic assistances and human astronauts. As the period of the space mission and the distance of the exploration increases, the importance of systems monitoring astronaut health increases as well. For example, as a result of factors such as gravity fields, space radiation, change in pressure, change in oxygen level, distance and long-term weightlessness, human body may suffer significant hazardous effects including muscle atrophy, spaceflight osteopenia, cardiovascular system malfunctioning, balance disorders, eyesight disorders and immune system weakening. NASAs new policies for space exploration by astronauts mandates significant changes and improvements in astronaut health monitori ng systems. Therefore, health monitoring throughout all phases of space exploration including in-flight and extra-vehicular activity is essential. The real-time monitoring of astronauts physiological situations should be performed, either onboard or from Earth, and the obtained information must be evaluated. To examine the astronauts performance and health risks involved with space missions and develop essential technology and breakthroughs to minimize the risks and provide safer and more effective exploration, the Human Research Program (HRP) has been found at NASA [1]. The research scope of this program falls on four sections of Exploration Medical Capability, Human Factors and Behavioral Performance, Human Health Countermeasure, and Space Radiation. The overall emphasis of Exploration Medical Capability research section is to develop novel technologies to deal with the challenges of extending human space exploration and habitation. It is particularly intended to provide evidence-based techniques to observe and preserve astronaut health. To fulfil this objective, it is necessary to develop methods to detect and avoid any health risks that might happen during space missions [2]. To do so, an integrated research plan is employed by HRP to recognize the methods and research activities int ended to deal with health threats, which are allocated to certain sections within the program and is placing requests for more detailed and accurate data to be recorded relative to astronaut health monitoring. Such efforts are raising awareness for the need to deploy effective and comprehensive physiological monitoring in order to develop accurate documentation of astronaut health during Extra-vehicular activity and event performance. Conventionally, the only physiological factor observed through NASA extra-vehicular activities was the heart rate. Modern spacesuits integrate comprehensive life-support systems and modular components. These spacesuits highly assist space missions mostly throughout maintenance jobs and exploration operations. A variety of spacesuits has been made in the course of time and they have developed into todays modern, modular and self-contained forms [3]. Monitoring the crew members through their spacesuits during the space operations such as extra-vehicular activities provides the information about the performance and health of the members as well as the environmental awareness which is necessary to fulfil mission requirements. However, most of these methods require direct contacts of sensors, either in the form of electrode or garment, to the body which, under certain conditions such as anxiety and perspiration, make the results not to be error-free [4]. Therefore, the need for contact-less sensors able to monitor physiological and health status of the astronauts especially during extra-vehicular activity is essential. Furthermore, these sensors must be non-invasive or minimally invasive and very sensitive and provide real time information. On top of that, the sensors should be durable, gravity-independent, low in power consumption, compact in size while simply repairable or replaceable. To fill the gap for effective monitoring we propose†¦.. The objectives of this proposal are highly aligned with NASAs requirements as follows [1]: EVA 10: Can knowledge and use of real-time physiological and system parameters during EVA operations improve crew health and performance? EVA 8: What are the physiological inputs and outputs associated with EVA operations in exploration environments? Osteo 5: We need an inflight capability to monitor bone turnover and bone mass changes during spaceflight. Sleep Gap 1: We need to identify a set of validated and minimally obtrusive tools to monitor and measure sleep-wake activity and associated performance changes for spaceflight. SM7.1: Determine if there are decrements in performance on functional tasks after long-duration spaceflight. Determine how changes in physiological function, exercise activity, and/or clinical data account for these decrements. Team Gap 2: We need to identify a set of validated measures, based on the key indicators of team function, to effectively monitor and measure team health and performance fluctuations during autonomous, long duration and/or distance exploration missions. References: [1] https://humanresearchroadmap.nasa.gov/ [2] https://humanresearchroadmap.nasa.gov/Explore/ [3] https://www.nasa.gov/feature/the-next-generation-of-suit-technologies [4] https://www.nasa.gov/centers/ames/research/technology-onepagers/life-guard.html

profile of a killer Essay -- essays research papers

During the last decade the world has witnessed a staggering elevation in serial killings. To give some insight into the scale of the problem posed by the serial killer, in the United States can be gained from examining the statistics for just one year. In 1989 (the last year for which detailed figures are available) there were 21,500 recorded homicides, of which some 5,000 are unsolved. Unofficial sources believe that as many as a hundred serial killers may be at large at any given time. Add to this the number of known victims of serial killers, then between 3,500 and 5,000 people are killed by serial murderers every year. (Lane and Gregg 3) These numerous multiple murders, often without consequence and justice, have shocked civilized society with incomprehensible acts of inhumanity. Horrific amounts of body counts and volumes of spilt blood accompany the discovery of each new serial killer. The indescribable events associated with each murder leave such unanswered questions as: what deviations lurk in the mind of a serial killer, what provokes an individual to commit such hideous acts, and what can be done to reduce these inconceivable murders? There are a set of variable elements, which distinguish the "serial" murder from the single-incident ("normal") murder, the "mass" murder, and the "spree" murder. The "mass" murder can be defined as an act in which a single assailant kills a number of people during a short period of time in roughly the same geographical location. The "spree" murder can be defined as a multiple number of killings, which take place during a short period of time, hours or days. The "serial" murder exhibits five distinct sets of characteristics, which help distinguish it from the "mass" murder and "spree" murder. First, the killings are repetitive ("serial") and often escalate over a period of time, sometimes years, which will continue until the killer is taken into custody, dies, or himself is killed. Second, the killings, like "normal" homicides, tend to be one-on-one. Third, there is no, or ve ry little, connection between the perpetrator and the victim. Fourth, although there may be a "pattern," or "victim trait," individual murders within a series rarely display a clearly defined or rational motive. Fi... ...ny police agency, having an unsolved murder, will submit to the FBI Academy a thorough description of the case using a twenty-seven-page questionnaire. VICAP will then alert the crime analyst to similar cases nationwide. During my interview with Dr. James R. Metts, Sheriff of Lexington County S.C., he informed me of the procedures involved in the Shari Faye Smith and Debra May Helmick case. He noted that "the Behavioral Unit in the FBI was extremely helpful in solving this case by giving us a psychological profile of the perpetrator and advising us on how to handle the media throughout the case" (Metts). "America’s fascination with serial killers is reaching an all time high-and may be fueling their deadly deeds" (Toufexis 64-65). Serial killings graphic details in incomprehensible madness almost seem fictional, but the statistics reveal an alarming rise in these murders. Ignoring this terrifying fact will not make it disappear, only increase. The thought "It will not happen to me" is no longer logical due to the constant elevation of serial killings. These callous and meticulous killers are without prejudice or motive, leaving everyone susceptible.

Conflict in America :: essays research papers fc

Conflict in America Euthanasia, also known as assisted suicide is a growing conflict in America and the world. Many people turn to it because they feel it is a way to gain control over their life, or put an end to it. They want to terminate the pain and suffering. They do not want to become a burden to their family and/or society. They need an environment that will make them feel wanted and loved. The whole human race has one particular need in common, the feeling of belonging. Helping people in suicide does not convey compassion. The ill, the elderly, the depressed, and infants who are born with diseases are all at risk. Euthanasia is wrong because death should only be God’s decision, the process of dying is an important part of life and people should be cherished regardless of their physical condition. We are becoming a culture of death faster than we realize. Euthanasia, suicide, and abortion are the downfalls to our society. Do not believe that people can look at these situations and discuss them as "ethical" questions. Killing is killing no matter what the circumstances. Murder, suicide, euthanasia, abortion; they all lead to death, and death is not something that should be pre-meditated. Soon assisted-suicide will be just as popular as abortion, and we will have both types of clinics; what a comforting thought. Everyone has a conscience, and everyone who has participated in a suicide or abortion will be consumed by guilt one day. Too many different situations occur as a result of euthanasia. A terminally ill person will likely first seek the advice of a physician. Then there is the family involved; their feelings and values must also be considered. A situation that arises is that it is not always the decision of the person being killed. As in weather an ill person is in a coma, and has brain damage that is so bad the person is practically a vegetable. As one example in the case study of Jim Romney, 56, a retired school principle from Portland, was diagnosed with Lou Gehrig’s disease. People with this type of illness will barley ever live more than two years after being diagnosed with this type of disease. His physicians made it clear that the disease would destroy his body, by leaving his entire body paralyzed, but his mind would still continue to function.

Chemical Engineer :: essays research papers

Chemical Engineer The chemical engineer is an invaluable link between scientific principles and manufacturing realities. It involves the use of chemical, physical, and engineering principles. The scientist in a laboratory does basic research to develop new compounds and processes. When the scientist discovers a product that may be useful, the chemical engineer takes over. They adapt the product for big scale manufacturing. They do this by designing a plant to produce the item on large scale. Thus the engineer is the link between the laboratory and commercial production. The chemical engineer’s earnings depend on several factors. Their educational background dictates much of what the engineer will earn. Also, experience and the location of the employer will make a very big difference. The starting salary for a chemical engineer with a Bachelor’s Degree can range from $30,000 to over 35,000 per year. An engineer with a Master’s Degree can earn anywhere from $35,000 to over $40,000. A chemical engineer with a doctorate can earn $45,000 to well over $60,000. "To be successful in chemical engineering, one must be curious and persevering" (Finney IV 13). The person must be flexible in order to adapt to each phase encountered. They must also be ambitious. Honesty is another very important trait. They must be cooperative since they are a member of a team. In order to get a job as a chemical engineer, a person should have at least a Bachelor’s Degree. The degree should be in chemical engineering. The degree is acquired by four years of study. Subjects studied include engineering, drawing, chemistry, mathematics, English and speech, computing, economics, and social studies. The actual specialization in chemical engineering is usually in the third year of study. There are many advantages that go along with this job. The career offers challenges in both science and industry. Also, the work allows for other companies to expand and hire more people. Thus, this creates new jobs. There are also disadvantages. First, there is a great responsibility placed onto the engineer. Also, there is a great deal of pressure involved with this kind of work. The future for the chemical engineer looks very promising. As new drugs and vaccines develop, the chemical engineer will be needed. This a new and exciting field to work in. Many people are becoming more and more interested in it. This increase in engineers called for and increase in jobs. Someone interested in becoming a chemical engineer should concentrate on the sciences in high school. They should be "good" at chemistry and physics. Chemical Engineer :: essays research papers Chemical Engineer The chemical engineer is an invaluable link between scientific principles and manufacturing realities. It involves the use of chemical, physical, and engineering principles. The scientist in a laboratory does basic research to develop new compounds and processes. When the scientist discovers a product that may be useful, the chemical engineer takes over. They adapt the product for big scale manufacturing. They do this by designing a plant to produce the item on large scale. Thus the engineer is the link between the laboratory and commercial production. The chemical engineer’s earnings depend on several factors. Their educational background dictates much of what the engineer will earn. Also, experience and the location of the employer will make a very big difference. The starting salary for a chemical engineer with a Bachelor’s Degree can range from $30,000 to over 35,000 per year. An engineer with a Master’s Degree can earn anywhere from $35,000 to over $40,000. A chemical engineer with a doctorate can earn $45,000 to well over $60,000. "To be successful in chemical engineering, one must be curious and persevering" (Finney IV 13). The person must be flexible in order to adapt to each phase encountered. They must also be ambitious. Honesty is another very important trait. They must be cooperative since they are a member of a team. In order to get a job as a chemical engineer, a person should have at least a Bachelor’s Degree. The degree should be in chemical engineering. The degree is acquired by four years of study. Subjects studied include engineering, drawing, chemistry, mathematics, English and speech, computing, economics, and social studies. The actual specialization in chemical engineering is usually in the third year of study. There are many advantages that go along with this job. The career offers challenges in both science and industry. Also, the work allows for other companies to expand and hire more people. Thus, this creates new jobs. There are also disadvantages. First, there is a great responsibility placed onto the engineer. Also, there is a great deal of pressure involved with this kind of work. The future for the chemical engineer looks very promising. As new drugs and vaccines develop, the chemical engineer will be needed. This a new and exciting field to work in. Many people are becoming more and more interested in it. This increase in engineers called for and increase in jobs. Someone interested in becoming a chemical engineer should concentrate on the sciences in high school. They should be "good" at chemistry and physics.