A Comparative Biography of Jesus in The Qur’an & The Bible

Jesus has been divinized a significant person in both Islam and Christianity.The Qur’an and the Bible, as the main sources of the information about Jesus respectively in Islam and Christianity, has contained the biographical narrations of Jesus, covering his life and death. Both similarities and differences can be found in the Qur’an and the Bible about the narrations of Jesus’ life. This essay will provide a comparative biography of this noble Messenger of God in the Qur’an and the Bible. ·Ã‚  Ã‚   In both the Qur’an and the Bible, Jesus is narrated as having had an extraordinary birth. The extraordinariness of the birth of Jesus can be mainly reflected from his biological mother being a virgin. Muslims and Christians both believe that a chaste, virgin woman called Mary miraculously gave birth to the male baby, Jesus before marrying her fiancà ©, Joseph.Evidence can be found in the Qur’an and the Bible about the startling birth of Jesus. As the Qur’an says, â€Å"she (Mary) said: ‘O my Lord! How shall I have a son when no man has touched me.’ (Qur’an 3: 47) Similarly, Christians also believe that when Mary was married to a man called Joseph, while she was a virgin. According to the narration in the Bible, Joseph â€Å"kept her virgin until she gave birth to a Son; and he called His name Jesus.† (Bible: Matthew 1:25) ·Ã‚  Ã‚   Both Muslims and Christians believe Jesus is a Messenger of God. According to Qur’an, belief in the Messengership of Jesus is one fundamental criterion to judge the true identity of a Muslim.As it is narrated with respect to the Messengership in the Quran, â€Å"the Messiah (Jesus), son of Mary, was no more than a Messenger before whom many Messengers have passed away; and his mother adhered wholly to truthfulness, and they both ate food (as other mortals do).† (Qur’an 5:75). Most Christians believe in the Divinity of Jesus and consider him as the second member of the Triune God, the Son of the first part of the Triune God, who assigned by God to perform certain holy mission.As it is narrated in the Bible, â€Å"and now, Lord, look upon their threats, and grant to thy servants to speak thy word with all boldness, while thou stretches out thy hand to heal, and sign and wonders are performed through the name of thy holy servant Jesus.† (Bible: Acts 4: 30).However, coexisting with the aforementioned similarities are some divergences of Muslims and Christians’ beliefs in term of the biography of Jesus in the Qur’an and the Bible. Two most representative ones are whether or not Jesus was the son of God as well as the crucifixion and resurrection of Jesus.

China and India’s Youth Demographics and Trends Essay

As the United States continue to grow over the years, it is certain that we should also acknowledge that other countries will be expanding also. We tend to focus how each country is growing in technology but there are many other trends that we are forgetting. Youths in China and India tend to follow their own trends. We will discuss China and India by describing the products (goods and services) that interest their youth markets, comparing and contrasting the micro- and macro-environmental forces that can influence the marketing strategies for these products, and analyzing the marketing strategies of these two countries and compare them with Western-based consumption marketers. It has been projected that in the near future the youth in China is going to be the main part of consumer spending in that country alone. The current population of the People’s Republic of China is estimated to be about 1,390,510,630. China’s population makes up around 19.3% of the world’s population (World Population Statistics, 2014). According to The Hindu (2014), the population in the age-group of 15-34 increased from 353 million in 2001 to 430 million in 2011. Every third person in an Indian city today is a youth (Shivakumar, 2014). The most significant component to successful marketing is to gain the loyalty of the youth. Today’s consumers relate to brands that help define who they are and who they will like to be in the future. The youth in China are now deciding what they want for their own lives. In the past, their parents and elders were deciding and choosing what was best for them. The families did not have much money. Unlike the youths in the U.S., the youths in China are more focused on more of what they need. They want to figure themselves out and define who they are. They are finding more way to individualize themselves and be unique. Most consumers under the age of 28 are not good at saving money. This is because they figure that they will not have to worry about anything in the future. People tend to worry about things when the problem arise, instead of preventing the problem ahead of time. In a recent survey, people said they know they will be getting between a 10 to 20 percent increase in their annual salaries. Therefore, their spending is based mostly on enjoyment. Each generation is different. The goods and services that the youth in China and India are interested in are definitely not the same as before. There are so many new technological advances that have come about. Today’s generation is more about convenience, quality, and speed. Marketers these days have finally figured out that in order to have the continuous interest of the youth consumers, they have to provide the proper goods and services. These goods and services may include: music, technology, and fashion. The western-style basis of consumption is basically all about spending more money. For instance, most young people care more about having and upgraded popular phone, and a rather expensive car. To many of the youth, image is definitely everything. Since marketing strategies now are more in tuned with advertising in ways that the youths are accustomed to, it becomes easier to attract youth consumers. It is like this in both China and India. The U.S. is now doing the same things. I see so many opportunities for the U.S. companies. These companies could do so much more, especially when it comes to the youth. The youth rules everything these days. They are into fashion, music, and especially technology. Companies can play into these interests. If these companies could learn how to advertise better; there business and profits would be booming. In conclusion, the youth in China and India are dominating. Companies are seeing an increase in profit because the youths in today’s market are beginning to take over and the most significant component to successful marketing is to gain the loyalty of the youth. China and India are the top highly populated countries. And because of this, business and money is a little better for them. The most significant component to successful marketing is to gain the loyalty of the youth. References Shivakumar, G. (2014). India is set to become the youngest country by 2020. Retrieved April 21, 2014 from http://www.thehindu.com/news/national/india-is-set-to-become-the-youngest-country-by-2020/article4624347.ece World Population Statistics. (2014). Population of China 2014. Retrieved April 21, 2014 from

Corporate Governance in Malaysia

Corporate Governance is a concept in which it has been existence for decades; although not in the exact form that it has come to be understood today (Anandarajah, 2001). The term corporate governance was introduced in Malaysia in 1997 during the Asian Financial Crisis. It also drew the public’s attention on the weaknesses of the Malaysian corporate governance practice (Nor Azizah Zainal Abidin, 2007).Besides that, the downfall of Sime Bank, the Bumiputera Malaysian Finance (BMF) scandal, the irregularities in Renong Berhad, the Perwaja fiasco and the internal management problem faced by Malaysian Airline System (MAS) forced government to enhance corporate governance regulations (Norwani, Mohamad, & Chek, 2011).The High Level Finance Committee Report 1999 on Corporate Governance in Malaysia defined corporate governance as the â€Å"process and structure used to direct and manage the business and affairs of the company towards enhancing business prosperity and corporate account ability with the ultimate objective of realizing long term shareholder value, whilst taking into account the interest of other stakeholders. † (Malaysian Code on Corporate Governance, 2012). The code that governs the corporate governance in Malaysia is called the Malaysia Code of Corporate Governance (MCCG).This code was recently revised in March 2012 and it is known as the MCCG2012. Besides providing relevant information to investors, this code also aims to encourage transparency management of companies, to enable investors to guide the direction of the company (Nor Azizah Zainal Abidin, 2007). The MCCG 2007 was revised with the aim to enhance the directors’ duty to the companies. With the revised MCCG 2012, there are still many issues arising from corporate governance. However, to some extent there are improvements in some area of the corporate governance.The revised MCCG 2012 contained a few improvements in the recommendation. This Code now establishes clear roles an d responsibilities where ethical standard should be formalized through the code of conduct by the board to ensure its compliance. Through the company’s code of conduct, it mandates the board to formulate system of compliance and ethical standards. Besides, it also includes ensuring that the company’s strategies promote sustainability. There are many improvements made under reinforcement of independence. 3. 1 mandate boards to undertake an annual independent director assessment.For an individual to serve as an independent director, 3. 2 mandate a cumulative term to nine years. Under 3. 3, justification and shareholder’s approval is needed if the board retains as an independent director. And lastly MCCG 2012 recommends that a majority of independent directors must be in the board and the board chairman is not an independent director. These were not in the MCCG 2007. The most important improvement under the MCCG 2012 is to ensure timely and high quality disclosure. Under this the board should make certain the appropriate disclosure procedure and policies of the company.Also, for effective dissemination of information, board should encourage the company to leverage on information technology. This is to promote better use of technology. Furthermore, with the existing recommendation, MCCG 2012 also state that the board should also encourage pool voting in order for strengthening the relationship f the company and shareholder. This imposes duty to inform the shareholders of their right to demand a poll vote by the general meeting chairman. The concern here is whether the revised MCCG have enhanced the corporate governance of the companies in Malaysia.This code calls for voluntary compliance, coupled with the requirement in the listing rules of KLSE which make mandates disclosure of the extent of compliance with the best practice sets out in the Code, while allowing for some flexibility in its implementation by companies. The aim here is to provid e necessary information and encourage disclosure to investors who entrusted their funds to companies, so that they can monitor the way it is being run (Finance Committee on Corporate Governance, 1999). This Code has somehow reduced the number of financial scandal but definitely not completely clear it off.There are many scenarios that company collapsing due to financial scandal as what was initiated by the BMF (Bank Bumiputera Finance) scandal. The law governing director’s duty consist of various forms of law. These duties have been observed also contain a plurality of legal fields such as company law and employment law (Hee, 2003). Section 132(1) of the Companies Act 1965 requires a director to use reasonable diligence and to act honestly in the discharge of his duties. The duty to act in the best interest of the company as a whole also from common law covers the collective interest of both existing and prospective shareholders.It is suggested that the common law fiduciary d uty to avoid conflicts of interest should be codified to allow directors to be clear about their obligations in conflict situations. KLSE listing Requirements stipulates that public listed companies must got at least two independent directors. Individuals who are expressly excluded from being eligible to act as independent directors include major shareholders, professional advisers or relatives of an executive director or major shareholder of the listed company (Hee, 2003). This provides a better equilibrium of powers between directors and independent directors.The auditor actually provides a check on the information aspect of the governance system rather than having a direct corporate governance responsibility. As widely recognized, the duties of the audit committees have been related to internal audit financial reporting and external auditor. The importance of an audit committee in the framework of corporate accountability is where audit committees are expected to act as the guard ian of investors’ interests and corporate accountability suggested by the wide adoption of audit committee (Saidin, 2007).The main duties are to inspect and form an opinion as to whether the financial statements have been drawn up in accordance with the financial reporting standards of Malaysia and the Companies Act 1965; to obtain reasonable assurance that the financial statements are free from material misstatements; and to examine and form an opinion whether the financial statements give a true and fair view of the financial position of the Company as of the financial year end and of its financial performance and cash flows of the year end (Yycadvisors, 2012).The pertinent issue in corporate governance is due to mismanagement, director’s duty not well performed, abusing the minority projection / shareholders and not having meetings often to update what is going on. Management or board should practice the commonly accepted principles of corporate governance such as i ndependence, accountability, roles and responsibilities, integrity and ethical behavior, and transparency. A company’s board should have a number of independent directors. They should be individual with no connection with the company other than a seat in the board.Also, selected independent directors should meet the â€Å"independence† test under the regulatory rules and also to serve with independence of minds. This process of selecting independent directors is likely to maintain their independent mindedness (Rahman & Salim, 2010). To create a system that holds decision makers accountable while according proper respect to their authority over corporation is a challenging thing for corporate governance. The market, shareholder voting, and civil and criminal liability is the regular accountability mechanism.In theory, to create incentives for deterring self-dealing and other forms of misconduct and for responsible decision making these mechanisms work together. However, in reality, these contain flaws that allow individuals to occasionally exercise an irrational discretion when making decisions that will affect many others. The impact can be distressing for investors, employees, and the economy when the governance system fails (Jones, 2010). Given the control of publicly held companies, management should be accountable to its board of directors.The board, in turn, should be accountable to the shareholders and other stakeholders. The principle of accountability can be enhanced by many ways, such as enforcing rules and laws, protecting shareholders’ rights, imposing duties on officers and ensuring the scrutiny of the company’s financial statements by independent auditors (Rahman & Salim, 2010). To provide creditors, depositors and shareholders creditable assurance that they will abstain from fraud activities, financial transparency would be an important mechanism.Timely and accurate disclosure should be made regarding all materials mat ter concerning the corporation is one way to ensure excellent corporate governance. The voluntary items disclosed in the annual reports, the time of the information to be released and quantity of information influenced by the board of directors. In disclosing all the relevant information in the financial reporting, the BOD will be transparent when they are independent and examine their responsibility to be accountable to the shareholders.To ensure the quality of the financial reporting process is one of the main functions corporate governance play. Financial reporting should be prepared with integrity which relies on corporate governance. Dependency of the integrity of financial reporting is highly on the performance and conduct of individual involved. What lead the company to reporting failure is when the corporate governance fails where most of them manipulated their financial statement to meet the performance expectation.Research also has found that there is a connection between weaknesses in corporate governance with bad financial quality, fraudulent financial statement weak internal control and earnings manipulations (Norwani, Mohamad, & Chek, 2011). Problems that arise in companies in Malaysia regarding corporate governance have to do with the political interference to certain extent. State/government can be said as the â€Å"real† company controller compared to law/policy regulated under corporate governance. For example, the famous corporate governance failure in Malaysia – the scandal of Perwaja Steel Sdn.Bhd.. Perwaja, a company owned by the government in collaboration with a Japanese company, Nippon Steel Corporation that was established by HICOM Bhd. in 1982, to fulfill the government’s mission in implementing the heavy industrial policy (Nor Azizah Zainal Abidin, 2007). This can be seen as an example where the state, as a shareholder in the company, has direct interest to it. Fraud and corruption can easily happen with the exi stence of this relationship. Due to the misconduct of directorship the corporate governance of Perwaja collapsed.Perwaja faced with corruption and mismanagement in tender and contract awarding. Furthermore, doubtful trading transactions and payments were carried out to non existing companies (Netto, 2004). There are one sided contracts between Perwaja and both local and foreign companies plus with erroneous records and many of millions ringgit were unauthorized (Norwani, Mohamad, & Chek, 2011). This shows the failure of corporate governance in Perwaja Steel Sdn. Bhd.. However, with fresh funds being injected by the government today, Perwaja is still in business (Netto, 2004).In other case, like the Malaysian Airlines System Bhd. (MAS) faced with internal management problems. Tan Sri Tajuddin Ramli, the largest shareholder in MAS who held both Chief Executive Officer plus with chairman position, entered into unprofitable business activities whereby he had over expansion the flight de stination, has caused the occurrence of governance failure (Norwani, Mohamad, & Chek, 2011). The new management under Tajuddin Ramli had already cause MAS to suffered huge debts, prior to the Asian Financial Crisis.This had put MAS at risk during the crisis as all their transaction were done is UD dollars (Nor Azizah Zainal Abidin, 2007). Due to the veto power of the government in MAS’s management the decision on airlines destinations were subjected to government’s decision and approval. To comply with Malaysian foreign policy, MAS had to oblige and extend its services, where at that time, not popular destinations or less concentrated areas were decided by the government. This decision contributed lower return to MAS.From this point of view, we can see that the government/political involvement in business have a huge influence in the management of the company. Besides another reason of governance failure of MAS was due to increased in capital expenditure caused by many orders on planes from 1998 to 2001. It was simply a mismatch between earnings and expenditure in the financial reporting, whereby earnings were is ringgit while the latter was in US dollar. MAS ended up paying a higher cost than what was originally ordered for. MAS was then repurchased for more than double of the market price.The question here was before the government’s buyback, why an audit was not conducted which would have a very important bearing on the proper price of the government buyout. An international case study example would be the Satyam Linggam scandal, the biggest corporate scam in India has come to the most respected businessman. Satyam founder resigned as its chairman after admitting to cooking up the account book. The CEO was responsible for the board accounting improprieties that reported a large amount of cash holding that does not exist and overstating the company’s profit and revenue.With a successful effort on the part of investor’s in o rder to prevent an effort by the minority shareholding promoters to use the firm’s cash reserves to buy two companies owned by them, the scandal all came to know. Consequently, this failed the attempt of expansion on Satyam’s part, which in turn led to a collapse in company’s stock prices, followed by a shocking confession from Raju. History has played a part in the development of corporate governance in India. The first code for corporate governance was published in 1988, but by the Confederation of Indian Industry (CII) entitled desirable Corporate Governance.Unlike codes in some other countries, the CII code did not make statements of principle but addressed specific business issues in India. The code called for â€Å"professionally competent, independent non-executive directors† to make up the board. None should hold more than ten listed company. The code also called for audit committees. A year later 1999 a government committee released India’ s National Code on Corporate Governance (Ticker, 2009). Reflecting international standards, the code had the approval by the SEBI and incorporated into stock exchange rules.The government issued guidelines on corporate governance in central public sector enterprises in 2007, covering the composition of the boards, audit committees, accounting standards and risk management (Ticker, 2009). However, corruption remains entrenched in India, not at least in the government administration. The Ministry of Company Affairs and the Securities and Exchange Board need more competent staff experience in corporate governance matters. But rapid economic growth and potential in India suggest that the next few years will see significant changes in both attitude and practice (Ticker, 2009).The failure in corporate governance forced rules and regulations to be enacted (Norwani, Mohamad, & Chek, 2011). Recent corporate scandals and the near-collapse of the global ? nancial system all demonstrate the imp ortance of maintaining an effective corporate governance regime (Jones, 2010). With the revised MCCG 2012, duties of all the board of directors are clearly stated, and this will serve as guidance and should improve the corporate governance of the company.

Morgan Motor Company Essay

Morgan Motor Company (MMC) began as a family company and has remained that way over the years. Decisions were largely driven by steady demand for their luxury product. Traditionally, decision-making was premised on production quotas that kept supply slightly behind demand. While the company made a profit, it was not enough to sustain the company in the long term due increasing costs caused by inefficient methods of production. The key area for improvement was strategic planning based on detailed and accurate information. The implementation of the strategic plan would require a review of human resource management practices in order for MMC to develop into an organisation that valued continuous innovation. MMC could gain valuable information about its environment through SWOT analysis, which could be used to inform strategic planning decisions. The company survived difficult circumstances (e. g. World War II) and demonstrated its ability to diversify through the manufacture of munitions. Another key strength is the global demand for their differentiated product. Its domestic and international appeal creates an important opportunity to further expand its global customer base. However, the potential threat associated with this opportunity is uncertainty in a number of dimensions in MMC’s â€Å"general environment† (Samson & Daft, 2009). Economic and political and legal factors in other countries could potentially impact on MMC’s sales, as was the case in the late 1960s where strict emission control regulations caused their US market to collapse. In this instance, domestic demand absorbed its impact and highlighted the importance of maintaining a diverse client base that could absorb the impact of any environmental changes. A sales and marketing department that is production led is ineffective in improving revenue and achieving the aim of increased profits. Additionally, this production led sales creates an artificial view of demand for its product. Thorough research of its client attributes coupled with careful planning and stronger collaboration between the sales and marketing and production departments enables the formulation of agreed sales targets. The key benefits of setting targets are: 1. integration with production planning, which reduces the likelihood of over-investment in inventory; 2. a proactive sales and marketing department that devises strategies to improve sales; and 3. measureable targets that can be used to evaluate efficiency and effectiveness. Despite having a keen and loyal workforce, the presence of change aversion confirmed that incremental change was initially more effective than radical change which may have created an unproductive atmosphere of dissent amongst its workforce. Moreover, steady demand for their product led to complacency, which justified Peter Morgan’s caution about change. This could be interpreted as lack of vision and is reflected in the lack of innovation and under-capitalisation of MMC’s machine shop. In a study done on Toyota (UK) Ltd. , it was noted that the traditional car manufacturing base in the UK was located in the West Midlands and these were â€Å"rich in precision engineering skills† (Winfield & Kerrin, 1996, p. 50). MMC’s proximity to this manufacturing hub created opportunities for research and development by inspecting some of these manufacturers in an effort to improve their production practices and processes, specifically focussing on how technology could be used to improve efficiency. This acknowledgement of the power of technology finally came in the form of Charles’ introduction of a manufacturing resource planning computer system and use of CAD/CAM. Perhaps differences in generational attributes enabled Charles Morgan to more easily embrace technology. However, the positive outcome was product innovation such as design features to improve aerodynamics. Examination of how human resource management practices could transform MMC from an organisation where everyone defends their own corner into a team-based learning organisation was a natural progression once management accepted the need for change. In the first instance, focus should be on developing managers to help facilitate organisational change (Waldersee, 1997) and enable them to be effective role models within the company. Training solutions and interventions should target general areas such as effective teamwork and communication, motivating workers and encouraging innovation. Additionally, where there are identified skills gaps, it should also target content-specific areas e. g. contemporary sales and marketing practices would make up for the sales director’s lack of recent sales experience. Once again, Charles was led by example by enrolling in an MBA, thus demonstrating his commitment to ongoing education and development. Although collectivism has traditionally been associated with eastern cultures (Hartel, Fujimoto, Straybosch, & Fitzpatrick, 2007), motor companies like Ford and Toyota moved away from Taylorism and demonstrated the value of teamwork in vehicle manufacturing (Winfield & Kerrin, 1996). However, MMC’s reward system of individual production bonuses did not acknowledge the value of teamwork. Moreover, an unspecified dollar amount that was eroded by inefficiencies in the production process did not provide an incentive to improve production. Not only should these individual production bonuses be quantified, the company should also consider a reward system for foremen to acknowledge their efforts in encouraging individuals and teams to achieve higher production. The present day success of MMC is testament to management’s vision and commitment to continuous product and process innovation. Examination of their website confirms their ability to stay current through value adding which resulted in features in their cars such as lightness and environmental friendliness. This has enabled them to cater both for the on-road user and the racing arena, as is evident in the videos available on their website. Furthermore, offering factory tours not only gives potential customers insight into the manufacturing process, it also provides the company with the opportunity to share some of its knowledge with others. The insight gained by watching the video on MMC’s factory processes makes it evident that the MMC today is collaborative both internally and with its external stakeholders.

Analysing data and findings from questionnaire Essay

Analysing data and findings from questionnaire - Essay Example This information is available in Figure 5.3. 5.2.4 Respondents' Education The academic background of each of the respondents was obtained. Figure 5.4 reveals that most of respondents were Master degree holders and they represented 34.9 percent of the sample population while 8.9 percent of the respondents were educated up to high school level. 29.4 percent of the respondents were found to be having a Bachelor degree and 14.4 percent were PhD degree holders. 12.5 percent of the respondents revealed they had other certificates. 5.2.5 Respondents' Position It is evident from Figure 5.5 shows that most of respondents were experienced and had worked for 1-5 years. They represented 37.6 percent of the respondents while respondents having more than 20 years’ work experience comprised of 4.9 percent of the sample population. About 18.7 percent of the respondents had working experience of 6-10 years. Additionally, respondents having experience of less than one year accounted for 14.1 pe rcent of the respondents; while 17.7 percent amongst them had working experience of 11-15 years. The remaining 7 percent respondents amongst the sample population had experience of 16 -20 years. 5.3 The Data 5.3.1 Data Inspection Data analysis commenced with an inspection and review of the data in order to ascertain that it was suitable for analysis. In order to carry out an exhaustive data analysis it was considered proper to follow the procedures outlined by Hair et al. (2006), which included examining data patterns that were missed out and adhering to statistical assumptions, identification of outliers, and a review of skewness and kurtosis. 5.3.2 Missing... The study provides specific contributions relative to quality management practices in public hospitals in Saudi Arabia. The researcher uses a sample population of 327 respondents in carrying out an exploratory factor analysis to determine the factor structure of instruments that had 101 items. The factors examines in this context were: transformational leadership style, transactional leadership style, laissez-faire leadership style, organizational culture and quality management practices. A test of reliability was also made in the context of all the interval scale variables in order to ascertain the extent to which they are free from casual errors. Additionally, this research made an analysis of the assumptions made in regard to homoscedasticity, linearity and non linearity and the outcomes showed that the assumptions proved to be correct. In addition to the above, the research conducted hierarchical regression in order to analyze the relationships amongst different leadership styles , organizational culture and practices of quality management. In view of the outcomes that emerged from the research, it can be said that all the hypotheses made in this study were found to have adequate support in terms of the research outcomes. The independent variables also revealed a pattern whereby they sufficiently contributed to practices of quality management. Organizational culture has been found to be important and to have a partially moderating impact on the relationships amongst laissez-faire leadership styles and quality management practices.

Feasibility Study Essay Example | Topics and Well Written Essays - 1500 words

Feasibility Study - Essay Example As a direct function of this, a litany of different programs and initiatives have been discussed and analyzed as a means of promoting health and healthful living to these young members of society. It has become painfully evident within the past several years that school programs alone art ineffective as a means of promoting such a change. In such a way, it is the belief and recommendation of this particular author that one of the most successful means by which a reduction in childhood obesity can be accomplished is with regards to utilizing many of the government owned and community operated playgrounds and parks as community centers that during key times of the week offer play activities, exercise, and help instruction to both parents and their children as a means of seeking to affect a positive influence upon the overall level of obesity that is noted within current society. Establishment of Feasibility: Ultimately, the low startup cost that is engendered with regards to the specif ic plan is one of the reasons that make it highly feasible for startup. Moreover, as the facilities already exist within the extant environment, it is not necessary for such a program to purchase and/or outfit a new or existing facility as a means of hosting such programs/courses (Landow & Ebdon, 2012). Furthermore, as has been mentioned briefly in the introduction, the overall need and demand for such programs has only increased as the overall incidence of childhood and adolescent obesity has subsequently increase within the environment. Accordingly, from a cursory overview of existing programs, both state and private, it can be inferred that a deficit in supply for such programs exists within the current market as compared to the demand. Naturally, the overall feasibility goes far beyond the place required to perform such programs and/or the level of interest that might be exhibited within the community (Liessmann, 1987). A litany of other startup costs and potential problems that must be face will be discussed in a certain level of length within the preceding sections. Competitor Analysis: One unique factor of the current market with regards to programs specifically targeting the exercise and health of adolescent to struggle with obesity is the fact that these almost invariably leverage government funding and operate as a public partnership. Although such a business model almost invariably defines the current market, it is the belief of this analysis that a public/private partnership could effectively leverage many of the existing strengths of current demand without necessarily reducing the overall level of demand that might be exhibited. Whereas the broad majority of these programs for public, private entities of also sought to engage with the need that is been reference; however, the degree and extent to which this unable to be accomplished has been limited due to the aforementioned limiting factors of purchasing a specific place and outfitting it to meet the needs of the stakeholders concerned. Financing One particular aspect of the public-private partnership that has been discussed above which will be beneficial is with regards to the issue of financing. Previous ventures into this field have noted that it is difficult if not impossible to achieve a level of sufficient funding based solely upon the

Contract Law Essay Example | Topics and Well Written Essays - 3500 words

Contract Law - Essay Example To give us a clear understanding of why this is so, let us take a look at the important issues presented in this case. There are two important issues that are involved in this case namely, (a) whether or not Bowford University is bound by its advertisement and (b) whether or not Dustbusters is entitled to the contract considering that it placed its bid within the prescribed time and that its bid proved to be the lowest. With regards to the first issue at bar, we can clearly see that Bowford University cannot be bound by its advertisement. The decision of the count in the case of Partridge v Crittenden 1 and in the case of Harvey v. Facey2 explicitly stated that a seller should not be bound by the advertisement or to contract the services of the bidder. An advertisement is not a direct offer but rather an invitation to treat or an invitation to negotiate. By nature, an invitation to treat includes the display of goods, advertisement and direct invitation for competitive bids (A Burrows, 2009). Unless these acts are accompanied by express statements or promise to sell or to contract services, the person or entity that placed the advertisement or displays the goods is not bound to sell or contract the services of those who responded to the invitation. According to the case of Spencer v Harding3, an offer inviting tenders does â€Å"not amount to an offer capable of acceptance to sell†. Since the advertisement of Bowford University did not clearly stated that they are going to contract the services of the bidders, the bidders cannot compel Bowford to hire them. Clearly, Bowford is only inviting offers which they can either accept or reject as they see fit. Given this scenario, even if Dusbusters did submit their offer within the time stated in the advertisement, that is not an assurance that they will win the contract. When can an advertisement be considered as binding on the invitor? An advertisement can be held as binding on