Free Essays on Urban Decay

Urban Decay: blockading our urban communities, What's more, our psyches Everybody moans about the way road wrongdoing, obvious neediness, falling apart foundation, rotting homes and barricaded organizations are turning out to be progressively regular highlights of city life, however we once in a while ask ourselves how this crumbling in our general surroundings is influencing the manner in which we take a gander at the world. In not posing that inquiry, we think little of the significance of urban rot as an issue in its own right, and how much it advances other social ills. Downtown rot is a piece of a hazardous and quiet movement that isn't being given the consideration it merits: the discontinuity of our general public into possibly or really antagonistic camps, blockaded off from one another. What's more, it has the potential, at long last, to practice a significant impact on the course of national governmental issues. So as to perceive any reason why, we need to begin by seeing how rot occurs. It starts with an enemy of urban predisposition, a conviction, profoundly established in Canada and the United States, that urban communities are, best case scenario, a fundamental shrewdness, and the presumable scene of brutality, social issue, earth and pressure. Rustic and humble community life, on the other hand, is related with tidiness, strong dependability and family esteems. The end: We may require urban communities for our employments, yet they are bad places to live. These originations have been advanced by an abundance of media pictures. Think about The Waltons, Little House on the Prairie, Anne of Green Gables, or that nefarious Mã ¼slix business that romanticizes organic product picking. More direct, for the past 50 years the idea that we can live better outside the downtown has been vivaciously and viably upheld by an advancement industry that picked up its a dependable balance on riches and influence and keeps on expanding that riches through rural turn of events. New developments are sold by providing the picture of a home in semi country environmental factors, yet strategically placed close to the c... Free Essays on Urban Decay Free Essays on Urban Decay Urban Decay: blockading our urban communities, Furthermore, our psyches Everybody weeps over the way road wrongdoing, obvious neediness, disintegrating foundation, rotting homes and barricaded organizations are turning out to be progressively regular highlights of city life, yet we infrequently ask ourselves how this weakening in our general surroundings is influencing the manner in which we take a gander at the world. In not posing that inquiry, we disparage the significance of urban rot as an issue in its own right, and how much it advances other social ills. Downtown rot is a piece of a hazardous and quiet movement that isn't being given the consideration it merits: the discontinuity of our general public into conceivably or really antagonistic camps, blockaded off from one another. What's more, it has the potential, at long last, to practice a significant effect on the course of national governmental issues. So as to perceive any reason why, we need to begin by seeing how rot occurs. It starts with an enemy of urban predisposition, a conviction, profoundly established in Canada and the United States, that urban communities are, best case scenario, a fundamental shrewdness, and the probable scene of viciousness, social issue, earth and pressure. Country and unassuming community life, on the other hand, is related with neatness, durable unwavering quality and family esteems. The end: We may require urban communities for our occupations, yet they are bad places to live. These originations have been advanced by a bounty of media pictures. Think about The Waltons, Little House on the Prairie, Anne of Green Gables, or that evil Mã ¼slix business that romanticizes natural product picking. More forthright, for the past 50 years the thought that we can live better outside the downtown has been enthusiastically and successfully pushed by an improvement industry that picked up its decent footing on riches and influence and keeps on enlarging that riches through rural turn of events. New regions are sold by providing the picture of a home in semi provincial environmental factors, yet strategically placed close to the c...

Virgin Atlantic Case Study

Atlantics essential issue is that they were working in the ideal utility model. Their motto had become â€Å"Offering a First Class administration at not exactly First Class fares†. In which Virgin Atlantic Is offering high caliber easily, which keeps them In the center and not productive. It appears that Virgin Atlantic didn't consider that offering an excellent assistance as they were would come at a top notch cost for them and while tossing In ease passages in with the general mish-mash they were perusing a misfortune and desires they won't have the option to continue for a long time.Starting off as a minimal effort premium carrier pointed towards the business class may have been there route into the market and get piece of the pie yet sooner or later they expected to work out of the center of the ideal utility model and move either towards high caliber or ease, not both at the same time to remain gainful. Seeing that there number one objective was to offer premium imaginat ive types of assistance/items they could have gone the course that Apple Inc. As done by giving creative premium items at a superior costs instead of setting themselves up for future losses.A proposal for Virgin Atlantics essential issue of working In the ideal utility model, In which purchasers need either high caliber or minimal effort items and administrations. Virgin should continue pushing ahead with advancement and giving a top notch understanding to the entirety of their travelers however do it at a more significant expense so they don't make any misfortunes. Another course to go in is become an upper minimal effort supplier for their business class specialty and quit spending on infilling amusement and civilities and spotlight just on reducing expenses which would permit them to be beneficial as an ease air transportation provider.Another optional issue is that during Virgin Atlantics interest to be imaginative, top administration fail to make developments that would help th e organization as far as bringing down expenses and Increasing benefit. They just centered around advancements that profited the buyers and no personal circumstance. For instance when Virgin Alertness supervisory crew concluded that they didn't need travelers to feel exhausted, they thought of inventive approaches to keep them engaged during their flights, for example, spearheading singular video screens for each seat.But developments like that didn't assist them with reducing any expenses or increment passages fundamentally enough to build benefits or lessen costs. A suggestion concerning making advancements to help decrease expenses and increment benefits would be for Virgin Atlantic Airways to band together with little delivery stalemates who could purchase freight space on Virgin Atlantic flights that are not at full limit, so they can create more income on flights that are not voyaging loaded with passengers.Another Innovative Idea is utilize the Individual video screens that t hey spearheaded as advertisement space in the Mid and Economy class segment of their planes. By doing so Vulgar Atlantic would be capable produce extra incomes by selling promotion space to sponsors, which would permit them to bring down their expense per course,

Hiring Basics for Recruiters Talent versus Experience

Hiring Basics for Recruiters Talent versus Experience Whether your business has been in the market for a long time or is a relative newcomer, recruiters have to consider its employees first because they mean the difference between business success and failure. If you have a start-up, this is more important because you need to hire loyal employees that would help your business grow.However, many recruiters face the dilemma of choosing a candidate with talent versus one with experience. Although there may be a probability that an individual would both have talent and experience, more often than not, recruiters would have to choose one over the other. Nevertheless, both are extremely important to your business. © Shutterstock.com | adriaticfotoThis article breaks down why a recruiter should hire talented individuals or experienced individuals and how they can recognize them. We look at the advantages of hiring a talented or an experienced individual; the roles and company growth phase that they can occupy and belong to, respectively; and how to discern if an individual is talented or experienced. In addition, we provide recruiters with the tools to choose a talented or an experienced individual, by bearing in mind a few considerations.HIRING FOR TALENTTalent is viewed by most as something natural, yet powerful. Typically, talent is neither attained nor studied. Some examples for hiring talent are Chief Executive Officers who have not had direct experience before, such as Steve Jobs of Apple, Bill Gates of Microsoft, and Mark Zuckerberg of Facebook.Advantages of TalentMany recruiters have been unsuccessful with evaluating the advantages of talented individuals and their effects on their bus iness. While there is some risk in hiring for talent, these individuals’ return on investment are characteristically higher than the risk involved. Found below are some of the advantages of hiring talented individuals.Adaptability to Change. It is very important for an employee to know how to deal with change in a business landscape because most businesses are changing whether it may be something simple as a product enhancement to something serious as company culture. People with talent but with no formal experience are usually more welcoming to change and can adapt quickly. Moreover, since they have no hindsight to depend on, they do not have to deal with additional baggage such as burned bridges, stubbornly set opinions, or even bad habits.Fresh Perspectives. The lack of experience for a talented individual can be an advantage because they have less experience that can sully their viewpoints. They can form fresh perspectives, leading to probable innovations and new ideas for th e company. Moreover, talented individuals may be able to handle more risks because they have not yet built an innate fear for particular experiences. Fresh perspectives can bring about constructive criticisms on existing processes, advancements, and the like.Hardworking Nature. Due to their lack of working background, yet because of their talent, these individuals have more pressure to demonstrate that they are valuable to a company. They are also impelled to perform in other significant avenues such as relationship building and network support. Since they do not have much experience, talented individuals are expected not only to work harder, but also quicker and more intelligently. Potential Loyalty or Dedication. When they have the opportunity, talented individuals will perform well and will be the most dedicated and loyal employees, resulting in longer stays with the company. Similar to their hardworking nature, talented individuals are grateful for the experience given to them b y their companies and would dedicate themselves to working well and hard to guarantee that their boss’s expectations are met or even exceeded.Relative Affordability of Services. Recruiting someone who is relatively unknown in the business, a recruiter has the opportunity to hire a rising star, without the superstar costs. Since talented individuals without experience are new, they are not only easier to hire, they are also more affordable. There is strong competition to acquire experienced individuals; however, if your business hires a relatively unknown but talented individual, there would be less competition. Because there is less demand for their services, those who have less experience but talented, would usually work for less compared those who are experienced.The Offer of Diversity. It matters if a company is diverse due to the various viewpoints it would generate. Businesses, particularly those involved in customer contact and product design, are positively impacted when ta lented individuals are part of the employee pool.[slideshare id=57613850doc=ibmnrsocialbusinesswrongtalent-final-160128165404w=640h=330]Which roles should a talented individual occupy?Talented individuals, since they are full of natural abilities and are quick to learn, should be positioned in jobs that involve problem-solving, positions that constantly present change and regular challenges. While it is not expected that they be immediately positioned in senior or managerial positions because of their relative inexperience, they should be placed in jobs that provide potential for growth.Which company growth phase should a talented individual belong to?A talented individual thrives in start-up companies that are unknown and have yet to build a reputation in the market. While start-up companies do not have the financial capacity to appeal to those with proven experience, they can target talented individuals whose services are more affordable, yet can still handle the job at hand. Tale nted individuals also flourish in businesses that have to undergo change management or processes, because they have the adaptability and flexibility to deal with the ongoing transformations.Finding Individuals with TalentIt is not easy work to search for individuals with the innate aptitude and skill for a specific role and responsibility. However, there can be many gains for your company if you are able to discern the talented from a pool of applicants.Group Contests. Recruiters can find candidates through group contests. If recruiters post online technical contests anonymously, there is a good chance that the “winners” would have the ability to perform the nitty gritty parts of the job position, regardless of their background or experience.Online Assessment Tools. With the use of online assessment tools, recruiters can discover and evaluate a talented individual that has little experience. This is similar to group contests in the sense that background or experience does not ha ve an impact on the results of the online tests. Some examples of online assessment tools are Codility  and Code Eval  for technical positions and Revelian for administrative posts.Technical Skills Tests. To find someone with the talent for a position, the applicant can be given a technical problem that only an existing staff member can solve. Afterwards, the staff member will gauge if the solution is acceptable and perhaps even original. As an alternative, the applicant can be offered a broken process, and then the recruiter would inquire as to the actual weaknesses of the process. A talented individual would have no difficulty detecting where the cracks lie.Values Test. A way to determine talent in an individual is through a values test interview. Talented individuals would exhibit high ambitions â€" to leave a mark for the greater good, yet demonstrating humility and graciousness.HIRING FOR EXPERIENCEExperienced is garnered progressively from previous work experience, training, o r education. This stems from the combination of knowledge and on-the-ground understanding. Moreover, unlike talent, experience is measurable. By reading a curriculum vitae or resume, a recruiter can immediately determine how much experience a person has.Advantages of ExperienceMany recruiters are used to gauging a person’s qualifications for a job based on their experience. Although it might seem straightforward, some recruiters fail to realize that it is not merely about the number of years spent working, but the quality in those years. There is a difference between someone who has worked for a long time versus someone who has made a difference for a stretch of time. We describe in the succeeding paragraphs, some advantages in hiring experienced individuals.Ability to Work on Diverse Roles and Responsibilities. Because an experienced individual already has substantial work background, he or she may have already experienced all levels of the value chain in an office. The career pa ths may have gone from manning a reception table to working with different teams across departments. With this, a recruiter has many preferences for experienced individuals in terms of their roles and responsibilities.Grounded Perspectives. Experienced individuals would most likely have grounded perspectives. This is because they know who they are since they have already refined their character and work ethics through time. Moreover, experienced individuals know exactly what their capabilities, strengths, areas for improvement, and even potential, are. Full knowledge of themselves has made experienced applicants honest and compelling communicators and teachers; strongholds of patience during challenging occasions; and a fount of information for best practices and lessons learned.Low Risk Levels. Even though risk taking is important for some businesses, especially for start-ups, it does not indicate that organizations have to be vulnerable to high risks. In order to guarantee that yo ur business functions well, recruiters need experienced individuals who can preserve and maintain order. Experienced individuals have perhaps seen everything â€" the turbulence of office politics, the frustration of the bureaucracy, and the volatility of work cultures â€" the experienced have withstood the vicissitudes of the typical business cycle. Moreover, since the experienced individual’s achievements and background are typically well documented, this makes it more convenient for recruiters to evaluate and position them in a company, eliminating any guesswork. By accepting experienced workers, recruiters eliminate the uncertainty in daily business operations and employment procedures.Multi-Skilled. Experienced individuals have most likely worked in differing industries and companies and have mastered important qualifications along the way. As they have gotten older, they have generated solutions to specific problems, mastered important skills, and became specialists in their fields. This makes them skilled in a variety of proficiencies for different settings.Usage of Hindsight. Since an experienced individual already has a work history to look back on, he or she can use hindsight in important decision-making. An individual who already has the suitable experience to predict, avoid, and lower potential problems is important in any business.Which roles should an experienced individual occupy?We recommend that experienced individuals, given that they already have a sufficient working history, be placed in positions that need workflow coordination and personnel management, since these responsibilities need first-hand knowledge of business processes and work cultures. This does not mean that experienced applicants cannot occupy positions that lean towards unpredictable and innovative processes â€" it simply indicates that experienced individuals function best whenever a process involves structure and routine.Which company growth phase should an experienced in dividual belong to?Experienced individuals work at optimum levels when they are placed in a company that is reaching its peak or has already reached its peak, but would like to maintain its successful but regular business processes. Since experienced recruits have the benefit of an extensive background, they can easily troubleshoot problems when they occur and would know which person/s in the company to galvanize in order to solve problems.Finding Individuals with ExperienceAlthough it is relatively easier to find individuals with experience from a pool of applicants, recruiters also have to keep in mind the work values behind this experience. There would be many benefits to your company when you are able to find the most experienced individual for a job, but also have the good work ethics to support it.Pre-Employment Tests. Pre-employment tests are typically overlooked, but are valuable. Through this, recruiters would know if an individual is genuinely experienced or flubbing their curriculum vitas. They also serve as a way to determine how to work with the people hired in a more effective manner and how to give them advancement within the organization.Proficiency in the Interview/s. For previous decades, interviews have been pivotal in the acceptance or the rejection of a potential candidate. Individuals are pressed to answer in a manner that underscores their past experience, as well as their behavior and ability to handle stressful situations. An experienced individual would usually be able to answer interview questions quite confidently because they can draw on their background to provide clear and in-depth responses.Reference Checks. Because experienced individuals have a specific past, recruiters can easily consult with any of the applicants’ references. This can reveal possible problems that cannot be derived from testing and interviews. By speaking with former bosses and colleagues, a recruiter can have an idea of the level of experience a candidate has, as well as their working attitudes. Reference checks produce a wealth of knowledge on whether a candidate is proactive, positive, willing to accomplish any task, self-motivated, etc.DECIDING BETWEEN TALENT AND EXPERIENCEIt can be difficult for you to decide between talent and experience. While experience makes individuals more proficient, less probable to make errors, more likely to deliver on time, and better with program management, talent makes individuals faster with absorbing details, more efficient in tackling new problem solving issues, and readier to face constant changes and challenges.Although talent and experience are not mutually exclusive, there are many cases wherein a recruiter just has to choose one over the other, given an applicant pool. With the descriptions of the advantages of a talented applicant and an experienced applicant; the roles that they should play; and where to position them in a business cycle, when can you choose one over the other? Consider t he following:Amount of Problem Solving Needed. If a job entails a large amount of problem solving, recruiters can rely more on talented individuals because they can think innovatively. There is a caveat, howeverif the problem needs intense knowledge of previous challenges that were successfully solved in the past, then an experienced individual would be better in this instance.Job Objectives. The objectives of the job can determine whether a recruiter hires a talented or an experienced candidate. If the objective of the job were to instill change management in an organization, the better bet would be a talented individual because of their openness to change. However, if the job objective were to manage detailed business outsourcing processes, then this would need a more experienced eye.Job as an Existing or a New Function. Whenever a job is being filled because someone just vacated the position, it would be better to hire an experienced individual who would more or less already know the job functions. If, however, the job is a new part of a business process, then recruiters could consider hiring a talented individual, who could inject some freshness into the company and at the same time offer brand new insights on the job.Level of Familiarity, Knowledge, and Expertise of the Company. When a recent technology or a present market is familiar to your company, talented individuals should be considered by your recruiter. The reason being that your company already knows what needs to be accomplished â€" you just need newer perspectives. However, when your company has less familiarity of your market context, experience is significant. The experienced applicant can bolster your company’s market knowledge and expertise. Type of Business. Whether a recruiter hires talent or experience relies highly on the kind of business being run. Case in point, if a business were a dermatological clinic, recruiters would find persons with a medical background and experience. Howeve r, if the business were a start-up company developing applications, a talented individual can be considered, since it involves a lot of creativity.When a recruiter assesses an individual, it should always be within the context of your market, your company, your team/s, and your culture. There would be times that your business would need talent, other times, experience. Whatever is chosen, it should be the right fit because a staffing mistake can cost your company money, time, and effort.

Cancer Cell Structure And Properties - 2227 Words

Meet Doshi Nanomedicine II Research report Cancer cell structure and properties Abstract: We know that all the incarnate beings are comprised of cells. All these cells found in living organisms have an ability to develop and divide in a precise and controlled way. This ability of cells allows living organisms to function appropriately. Any mutations or changes in these normal functioning cells would lead to an irrepressible growth of these cells. This kind of irrepressible growth is the characteristic feature of cancer cells. Cancer cells are enclosed by a specific membrane, which provides a structural barrier and thus blocks its interaction with microenvironment, receptors, enzymes, and transport systems of human body or living organism. This structural barrier is formed because of the physical and chemical properties of its constituents. Cancer cells also have a property to metastasize. This allows them to spread and localize throughout the. Hence, in order to treat such an unfathomable disease, it is imperative to understand the genesis, cellular structure, and propert ies of cancerous cells. In this report, I have delineated disparity between healthy and cancer cells, and properties of cancer cells in order to have a better understanding of this unfathomable disease. Introduction: Cancer is a disease described by hysterical growth and spread of abnormal forms of normal body cells. In advanced countries, cancer results in most of the deaths related to disease. EvenShow MoreRelated Titanium Essay1484 Words   |  6 Pages(bone-anchoring systems), dentistry, drug delivery, and nanotherapeutics in treating bone cancer and arthritis. One of the treatments of bone cancer patients is the replacement of cancerous bone with implant material. The current implant materials have implemented coating technology (such as Calcium phosphate or hydroxyapatite) which gives good cytocompatibilty but over the time it gets encapsulated with the surrounding bone cells and lead to poor osseointegration. An augment of current implant material, weRead MoreUsing One Cell Necessary For Life And Discusses Its Properties Of Life1334 Words   |  6 Pages ​A cell is the smallest unit of life for any living organism and considered the essential component of life. Every living thing including humans, animals, and plants comprise of one or more cells in their body that perform different functions essential for living. There are different cells in the human body, in plants and animal functioning. This essay aims at using one cell necessary for life and discusses its properties of life, the core chemical terminology, its molecules, and compounds. SpecificallyRead MoreThe Effect Of Organometallic Compounds On Homogeneous Catalysis Essay1462 Words   |  6 Pagespolymerization reactions and thus used clinically to treat tissues and cell injuries be it lymphomas or carcinomas. Rhodium compounds is analogues to the corresponding Platinum and Ruthenium compounds serve as effective anticancer agents due to significant antitumor properties. Effective advanced technologies such as nuclear magnetic resonance (NMR) and infrared spectroscopy (IR) are used to determine the dynamic properties, structures and industrial uses of organometallic compounds and complexes dueRead MoreThe Consumption Of Red Wine1642 Words   |  7 Pages(Ryan Fujiu, 2007) Wine has been an alcoholic drink that has been consumed for centuries by the upper class and now is one of the most popular alcoholic drinks in the modern century. However, it is red wine that has been identified as having healthy properties not white wine. This is largely due to a phenomenon known as the French paradox. The consumption of red wine has been used to explain why the French have the second lowest rate of heart disease in the world although they have a diet rich in fattyRead MoreEssay On Gram-Negative Bacteria1045 Words   |  5 Pages(figure 5). 3. Discussion The formation of EVs and the delivery of different components via these vesicular structures are common among Gram-negative bacteria, especially during the infection. But there are few studies on EV formation in Gram-positive bacteria. It has become evident that MVs serve as transport vehicles containing different cargoes. Although there are some differences in cell structure of Gram-positive and Gram-negative bacteria, many morphological features of MVs from Gram-positive bacteriaRead MoreThe Importance Of Cancer Cells In Tumours1264 Words   |  6 Pages13It is well documented that many types of tumours contain cancer cells with heterogeneous phenotypes reflecting aspects of the differentiation that normally occurs in the tissues from which the tumours arise. The variable expression of normal differentiation markers by cancer cells in a tumour suggests that some of the heterogeneity in tumours arises as a result of the anomalous differentiation of tumour cells. Examples of this in clude the variable expression of myeloid markers in chronic myeloidRead MoreMethods Of The Cellular Process964 Words   |  4 Pagesfunctional interactions.not like the stable genome structure, the moving represents a gigantic challenge for the quantitative mapping out protein interactions . The circuit includes nuclear receptors, dna binding proteins and processes. Genome variation includes somatic and inherited mutations,Each human cell acts as a tiny but way more complicated computer, but a specific understanding of the biological properties underneath its properties is still lacking. or kill it unbelievable 4 of theRead MoreChemotherapy Case Study1331 Words   |  6 Pagesof a target-specific binding domain with a cytotoxic domain to eliminate target cells. Such compounds are potentially therapeutic against diseases such as cancer. The B-subunit of shiga toxin (STXB), which is nontoxic and possess low immunogenicity, accurately binds to the globotriaosylceramide (G B3/CD77), that is expressed in high amounts on a number of human tumors for example pancreatic, colon, and breast cancer cells. Therefore, this toxin can be applied to target GB3-positive human tumors. InRead MoreBreast Cancer Treatment And Therapy With Nanomedicine1054 Words   |  5 PagesBreast cancer treatment and therapy with nanomedicine is a fad nowadays and rightfully so, it is the need of the minute. The incidence rate of breast cancer has witnessed a minimum 10-fold increase in the past few decades. The mortality rate in women is rising and breast cancer is a major contributing factor. Due to several changes in the hormonal, nutritional and environmental factors over the years, there is a shift observed in the rise of breast cancer. At a point, conventional mammography forRead MoreDevelopment Of Drug Design : A New Anticancer Drug1102 Words   |  5 Pageswill meet all requirements by exploring and understanding the structure and reactivity of the molecule. It is specifi cally focused on transition metal-based anticancer drug. Transition metals have unique properties and reactivity. They have different oxidation state which able them to interact with molecules of different negative charges. The metals are co-ordinated by different ligands which contribute to different chemical properties. The common anticancer drug produced is platinum-based drug.

How to Convert Fahrenheit to Celcius

Here is how to convert  °F to  °C. This is actually Fahrenheit to Celsius and not Fahrenheit to Celcius, though the mis-spellings of the temperature scales are common. So are the temperature scales, which are used to measure room temperature, body temperature, set thermostats, and take scientific measurements.   Temperature Conversion Formula The temperature conversion is easy to do: Take the  °F temperature and subtract 32.Multiply this number by 5.Divide this number by 9 to obtain your answer in  °C. The formula to convert  Ã‚ °F to  °C is: T( °C)   (T( °F)  - 32) Ãâ€" 5/9 which is T( °C)   (T( °F)  - 32) / 1.8  °F to  °C  Example Problem For example, convert 68 degrees Fahrenheit into degrees Celsius: T( °C)   (68 °F - 32) Ãâ€" 5/9 T( °C)   20  °C Its also easy to do the conversion the other way, from  Ã‚ °C to  Ã‚ °F. Here, the formula is: T( °F)  Ã‚  T( °C)  Ãƒâ€" 9/5 32 T( °F)  Ã‚  T( °C)  Ãƒâ€" 1.8 32 For example, to convert 20 degrees Celsius to the Fahrenheit scale: T( °F)   20 °C Ãâ€" 9/5 32 T( °F)   68  °F When doing the temperature conversions, one quick way to make certain you did the conversion right is to remember Fahrenheit temperatures are higher than the corresponding Celsius scale until you get down to -40 °, which is where the Celsius and Fahrenheit scales meet. Below this temperature, degrees Fahrenheit are lower than degrees Celsius.

Internet as a Insurance Distribution Channel Free Essays

After the liberalization of Indian economy various reforms has been made in the insurance sector which has finally opened the gate of this industry for private sector companies. This has brought changes not only in the design of the products available in the market but also the manner in which they are marketed.There is a pragmatic change in the customization of latest products and services, regulatory norms, customer demographics, channels of distribution, greater use of information technology especially as a service facilitator. We will write a custom essay sample on Internet as a Insurance Distribution Channel or any similar topic only for you Order Now Even consumer preferences have been changing noticeably influencing the product mix offered by various public and private insurers. A vast potential exists in the Indian market as the demographic factors like average life span and standard of living are improving creating a demand for products that can offer protections and also double up investments of the customers.Also because of liberal government norms and India’s large population which now possess greater risk awareness, Indian insurance market has a global framework attracting major international insurance companies. All these above mentioned factors are directly responsible for increased competition and shaping the overall insurance industry with new parameters. To harness the opportunities insurance companies must go close to the customers by expanding their distribution network. Insurance Distribution – A Micro ViewThe liberalization of the Indian insurance industry in the year 2000 led to the entry of private insurance companies with Multinational companies as their partners For them ,breaking the large agent led network of LIC which was enjoying the monopoly for decades was extremely tough. They decided to use aggressive advertising and promotional measures and also other untried distribution channels like having a tie-up with other financial service providers companies and use their distribution network instead of setting their own.According to the industry observers marketing, distribution and technical superiority were expected to be the decisive factors for success in the Indian insurance sector in future. Private insurers hoped to effectively leverage the strengths of these innovative marketing mix tools. A variety of distribution channels are currently being used in the market. Direct Agents and company sales force dominated the market over years by building personal credibility and faiths in the minds of the clients.Bancassurance and broker led channels are of recent origin. Reaching out to bank’s existing customers would be very convenient and easy for the bank already had a well established relationship with their customers. They are well familiar with the target customers needs; had a strong service delivery mechanism, good quality administration, complete integration of insurance and bank products and services, qualified personnel and an organized tracking system for reporting on agents time and the results of bank referrals.Broker led channels are also being reviewed by the IRDA (Insurance Regulatory and Development Authority) as they are having an unfavorable image. But the most talked about contemporary channel is the internet driven channel. The widespread diffusion of the Internet has created an explosion in the growth of electronics chann els. Almost every industrial sector is computerized now. Computers are reaching to even rural areas and its education is given high importance now. Though the level is still low Information Technology is radically changing the way business is done.Internet enables insurers achieve wider reach, maintain customer’s interest and provide 24 hours service to customers. It also helps in reduce costs, faster processing of transactions and improving purchase decision through organized information. However, the success of this channel depends largely on the consumer attitudes and preferences. Initially the internet was expected to have a major negative impact on the traditional agent–led channel. However consumers have not shown marked preferences for online shopping of insurance products.In a survey carried out by Forrester Research in 1999(and quoted by Industry Standard), only 12 percent of insurers sell online. The research estimates that the industry will deliver about $4 billion of sales over the internet by 2003 but it could hardly account for less than 2% of total premium volume. It is a noted fact that customers have their own perception regarding selection of distribution medium. Insurers need to understand the attitudes and preferences of customers which are important factors that impact the adoption of any innovative method in this sector. Research ObjectiveIn today’s competitive scenario a company has to focus on maintaining relationships with their customers and internet is an appropriate and effective media to stay in touch with customers conveniently and economically. But at the same time it is very important to know the customer’s awareness, us age and perception regarding internet as a marketing and distribution channel for insurance products. The specific objectives of study are as follows:- †¢ To identify and analyze the factors that the customers opined are important in Insurance distribution channel †¢ To know the awareness and usage levels of internet channel by the customers. To know the customer’s motive behind purchase of insurance and importance he assign to different channels. Research Methodology Sample profile:- The sample consisted of customers from the city of Indore, the commercial capital of Madhya Pradesh. It is one of the fastest developing cities of India. 80 questionnaires were handed out to customers near office premises, college academicians and internet centers out of which 4 were disqualified due to incomplete information. A total of 76 questionnaires were found suitable for the study, over 95% of the total sample size. Data Collection MethodsBoth the primary and secondary data collection methods were used. The primary data was collected through a questionnaire. Secondary data was collected from research journals, magazines, newspapers and internet. The Questionnaire:-A structured questionnaire was developed after considering all the important factors affecting internet usage as a means of distribution. Questions were asked to gather information such as awareness, usage and customer’s perceptions regarding internet driven channels. Respondents are required to rate the factors on a six point rating scale ranging between 1= strongly agree to 5= strongly agree.Data related to demographics of the customers are also collected eg. Gender, age, occupation and income group. Data Analysis and Results Sample Demographics:-Sample demographics are collected on variables like gender,age and occupation. Out of 76 respondents 58 are male (76%) and 18(24%) are female. 45(59%) of respondents belong to younger age group of 21-30;26(34%)respondents belong to middle age group of 31-40,remaining 5 respondents are above 40+ years. Maximum 38 respondents are private employees constituting 50% of total respondents . 22(29%) belong to business category and rest 16(21%) are government employees. Sample Demographics N=76 |Categories |Count |% | |Gender |Male |58 |76% | | |Female |18 |24% | |Age |21-30 |45 |59% | | |31-40 |26 |34% | | |40+ |5 |7% | |Occupation |Business |22 |29 | | |Private Employee |38 |50 | | |Govt. Employee |16 |21 | Insurance and Internet-Indian Market Scenario Because of the technological advancements computers have become a part and parcel of every company’s routine work. It made the day to day transactions more convenient and effective. Because of low economic cost it is more referred over human labor. Information transfer and access to external environment via internet has become a routine practices. Almost every company in every industrial areas is adopting an expansion and diversification strategy so to meet out the demand for staying in touch with remote located subsidiary ,the officials need to use various electronic medium and internet is most populous of them. Its access has become common in urban and semi urban cities. Seeing the popularity, Marketers too are using it for marketing and selling their product. Online advertising and various promotion techniques are used by them for online selling the product to customers. But as per the data collected it has been figure out that though the internet usage is increasing sharply in urban and semi urban areas it is not comparatively preferred for online shopping of products. As per the data collected among 76 respondents, 64 of them i. e. 84% agree that there is a high awareness of internet but only 32 i. e. 42% has preference for online shopping. Rests 47% (36 respondents) were not in favor of this method of purchase. Above all only 24 agrees to shop insurance through internet in contrast to 42(55%)disagreed responses. 10 respondents neither agreed nor disagreed as they prefer other channel like agents, banks or broker led channels.After the introduction of liberalization reforms, insurance market in India has become very competitive as various new international insurance and financial service providers have joined hands with Indian companies to provide insurance services in Indian market. These alliances are bringing innovative products (policies) and features. They are also keeping in mind that they need to break the market monopolized by the domestic leader LIC(Life Insurance Corporations) and GIC(General Insurance Corporations). To tap the potential market they need to adopt the various marketing mix tool in different ratios. Distribution is one such important ingredient in this mix. LIC is having a largest and successful network of agent-led channels. It has created a trusted brand image in the Indian market by personalizing the sales of its policies using the agent network.Watching this private sector companies are also using this medium of distribution and are performing well to certain extent but still they need to adopt some strategies to tap the large potential market. Besides all these there are certain challenges faced by every insurance company of which two are critical:- †¢ Innovative and Customize Products to suit Indian market †¢ Use of right distribution mix. The companies are quite successful in dealing with the first challenge but it is the product marketing in which they are struggling with the right channel mix for reaching the potential customers. In today’s scenario insurance companies must move from merely selling insurance to marketing an essential financial product.This surely calls for leveraging multiple distribution chan nels is a cost effective and consumer friendly manner. However when we talk about internet shopping it has become increasingly popular with consumers these days. But in insurance sector tends to be quite slow in adopting this medium. In a survey carried out by Forrester Research in 1999(and quoted by Industry Standard), only 12% of insurers sell online. The research estimates that the industry will deliver about $4 billion of sales over the net by 2003but that would account for only 2% of the overall market. In India also low rate of adoption is due to the consumer’s perception of insurance as a complex product.Insurance in India can only be sold after a considerable persuasion and hence selling over the net, initiated from the customer would take some more time. While the adoption rate of internet as a distribution channel has been low, it is widely used as a support channel. It provides general information on financial services products( eg. insurance, investments) and planning involving the use of these products, to provide specific information on the company and its product lines, to provide administrative support to its policyholders, and to serve as a prospecting and communication tool for its agent led channel. The Influencing Factor:- Marketers must know the factors that customer perceive as important in Internet distribution.After a detailed literature review and responses from selected sample size, the following 14 features are identified:-trust and credibility, information about products, communication tool, prospecting tool, advise, cost effectiveness, security/privacy, supporting tool, transaction efficiency, efficient post sales service, complexity and compatibility, agent location , convenience, account access by policy holder, product customization. The customers are asked to rate their preference of these attributes on a scale of 1-5. Sim ple percentage analysis is used on the collected data. The most preferred attributes were trust/credibility, support, information, communication and prospecting tool. 8(50%) of respondents thin that trust is the most important factor which a customer looks into the company, its product and method of distribution. As insurance transaction involves financial /monetary terms, since there is no face to face interaction on internet, the customers are hesitant about its credibility and compatibility. Only 31(41%) believes that internet is a secure medium and privacy of transaction is can be relied upon. 36(50%) respondents feel that though it is a convenient medium for marketing and distribution yet the adoption rate is slow. Internet is basically used for supporting the Insurance transaction as discussed earlier. 4(84%) respondents agree that internet is the best medium for gathering information and to search for various companies and their products. Customers can get the answers of their queries related to quotations, status of policy, approval and claims related transactions. Thus it basically acts as a prospecting tool to the companies. Talking about cost efficiency, 85% respondents agree that internet is an economic way of gaining information for simple products like Term Insurance and Motor Insurance. Shopping for these products does not need very high advice and internet could be convenient and cost effective channel for them. Customer would like reliable advice on financial planning and insurance commitments are significant elements of this process.Research indicates that though 45% respondents prefer surfing net for knowing the various avenues of financial planning still a major portion i. e. 32% believes in face to face interaction with agents for deciding on financial investments. Complexity /Technical aspect is another factor that plays an important role while selecting a medium for insurance purchase. Internet /Computers are still tough to operate for many people who are not regular users . since internet is a new concept its literacy level will increase gradually in future. 53%of respondents feel that it is a complicated way and especially the steps which are specified on websites of companies are tough to understand and use.After purchasing a policy there are various occasion when a customer needs to interact with the with the company like payment of premium, status of policies and accounts updation, maturation of policy, purchase of any new add-ons known as riders along with policies, claim and recovery etc. if all these can be effectively done on internet then it will be the best tool of providing post sales services to the customers. Easy accessibility of the account is also one factor required for the performance of the above functions; the procedures should be clearly specified so as to view updated account information. One should also be able to locate agent incase he requires him to consult for any support/queries/complaints.The study shows that internet is adopted mainly as a support channel both by customers and insurance companies customers obtain general information and then contact agents or brokers or banks for purchase. Companies are using it to maintain relationship with their customers. However in this context it is best to look at the reason why customer buys insurance. Initially it was protection for dependents but now it is an important investment alternative in the financial planning process. People used it now as a tax-saving device for getting various deductions. Therefore keeping this in mind, companies should design and market such products which can be customized on consumer’s demand. Also use of well coordinated channel mix will help to achieve longer and stronger customer relationship management. Challenges Ahead:-The study reveals that the internet is still not a very significant distribution channel for insurance business. The usage level is very low and customers perceive trust/credibility, support, information, communication, and prospecting as significant factors affecting their decisions of choosing internet channel for insurance products. While the low cost of transaction over the net and the neutrality of the intermediary are obvious advantages, the online intermediaries do face some issues such as: †¢ Building online brands is difficult and expensive. The brands have to be strong enough for customers to trust and divulge personal information on financial matters. Managing the cost of customer acquisition will hence be a challenge. The online stock broking experience clearly indicates a downwards pressure on commissions for the intermediaries as tr ading volumes and competition increases. The insurance intermediaries may also feel a similar pressure on commissions. Conclusion:- In conclusion therefore, the insurance space is likely to witness a lot of investment from both the insurers and insurance distributors in the near future and the industry could try to make up for its slowness in responding to the internet so far. Within the world of internet based business it is quite risky to make predictions as the business space could change dramatically even within a short duration of say three months.For insurance industry the one predictions, that can however be safely made is that the quantum of internet play will only increase in the immediate future and has been witnessed in other financial services product categories, some newer and different ways of offering products and transacting business online may emerge within this industry as well.References 1. Kamal Nayan Agarwal(2004), â€Å"Factors that influence the Success of Internet Commerce,† Journal of E-Busi ness, Vol. 4,Issue 2, December. 2. Randy E Dumm and Robert E Hoyt(2002),’Insurance Distribution Channels: Markets in Transition†, September conference, The International Insurance Society, Singapore. 3. D. Venkoba Rao(2006), â€Å"Internet Impact on Insurance Distribution†, The Icfai Journal of Services Marketing, Vol. IV, No. 4 4. www. thefinancialexpress. com How to cite Internet as a Insurance Distribution Channel, Papers

Hobbes Philosophy Essay Example For Students

Hobbes Philosophy Essay Born during a period of medieval philosophy, Thomas Hobbes developed a new way of thinking. He perfected his moral and political theories in his controversial book Leviathan, written in 1651. In his introduction, Hobbes describes the state of nature as an organism analogous to a large person (p.42). He advises that people should look into themselves to see the nature of humanity. In his quote, The passions that incline men to peace, are fear of death; desire of such things as are necessary to commodious living; and a hope by their industry to obtain them, Hobbes view of the motivations for moral behavior becomes valid because of his use of examples to support his theories, which in turn, apply to Pojmans five purposes for morality. We will write a custom essay on Hobbes Philosophy specifically for you for only $16.38 $13.9/page Order now Hobbes purpose to his state of nature philosophy was to describe human nature. He argues that, in the absence of social condition, every action we perform, no matter how charitable or benevolent, is done for reasons which are ultimately self-serving (p.43-47). For example, if I were to donate to charity, I am actually taking delight in demonstrating my power. Hobbes believes that any account of human action, including morality, must be consistent with the fact that we are all self-serving. His theory notes that humans are essentially equal, both mentally and physically, so that even the weakest person has the strength to kill the strongest (p.44). Given our equal standing, Hobbes believes that there are three natural causes of quarrel among people: competition for limited supplies of material possessions, distrust of one another, and glory so that people remain hostile to preserve their reputation. With these natural causes of quarrel, Hobbes concludes that the natural condition of h umans is a state of perpetual war of all against all, where no morality exists, and everyone lives in constant fear (p.45). He believes that humans have three motivations for ending this state of war: the fear of death, the desire to have an adequate living and the hope to attain this through ones labor (p.47). These beliefs become valid because of the use of his examples. One example suggests that people are barbaric to each other. With the absence of international law, strong countries prey on the weakness of weak countries. I believe that his views of moral behavior are very true. Like Hobbes said, people are out for their well-being. If I were to do a favor for someone, I may think I am helping someone out, which I am, but I am probably doing the favor because it is going to make me feel better. It is going to benefit my well being. Hobbes is a famous philosopher whose views were very controversial. But the fact that he lived in a time when the monarchy was the divine right of k ings (p.42), makes his views valid today. With a different government and new laws, his views appear to be true. In the book, The Moral Life, Louis Pojman discusses the need for moral code. To make his point clear, he takes a look at the novel, Lord of the Flies, by William Golding. Lord of the Flies is a modern allegory on the nature and purpose of morality. A group of British private school boys are marooned on an island; detached from the constraints of civilization, they turn into savages. The significance of the book lies in the fact that it illuminates the need for and purpose of ethical codes (5). The theme of the book is an attempt to trace the defects of society back to the defects of human nature. Pojman believes that the fundamental ambiguity of human existence is seen throughout the book, mirroring the human condition (35). Hobbes gives a classic reply to the book. Similar to Pojmans beliefs, he believes that human beings always act out of perceived self-interest; they invariably seek gratification and avoid harm. Given a state of insecurity, people have reason to fear one another. This state of nature is one in which there are no common ways of life, no laws or moral codes and no justice or injustice. .ue8173903711520bfee257d4ddaf8c918 , .ue8173903711520bfee257d4ddaf8c918 .postImageUrl , .ue8173903711520bfee257d4ddaf8c918 .centered-text-area { min-height: 80px; position: relative; } .ue8173903711520bfee257d4ddaf8c918 , .ue8173903711520bfee257d4ddaf8c918:hover , .ue8173903711520bfee257d4ddaf8c918:visited , .ue8173903711520bfee257d4ddaf8c918:active { border:0!important; } .ue8173903711520bfee257d4ddaf8c918 .clearfix:after { content: ""; display: table; clear: both; } .ue8173903711520bfee257d4ddaf8c918 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ue8173903711520bfee257d4ddaf8c918:active , .ue8173903711520bfee257d4ddaf8c918:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ue8173903711520bfee257d4ddaf8c918 .centered-text-area { width: 100%; position: relative ; } .ue8173903711520bfee257d4ddaf8c918 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ue8173903711520bfee257d4ddaf8c918 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ue8173903711520bfee257d4ddaf8c918 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ue8173903711520bfee257d4ddaf8c918:hover .ctaButton { background-color: #34495E!important; } .ue8173903711520bfee257d4ddaf8c918 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ue8173903711520bfee257d4ddaf8c918 .ue8173903711520bfee257d4ddaf8c918-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ue8173903711520bfee257d4ddaf8c918:after { content: ""; display: block; clear: both; } READ: Message In A Bottle EssayThe answers to the lack of moral codes are to implement laws. Much like Hobbes, Louis Pojmans view also is based upon rules. Pojman believes that morality consists of a set of rules, which, if followed by nearly everyone, will promote the flourishing of nearly everyone. He developed a set of five rules that restrict our freedom but only in order to promote greater freedom: To keep society from falling apart, to ameliorate human suffering, to promote human flourishing, to resolve conflicts of interest in just and orderly ways, and to assign praise and blame, reward the good and punish the guilty. (p.39). Pojman believes that we can all do better if we compromise, give up some of our natural liberty so that we will all be more likely to get what we want: security, happiness, power, and peace. Hobbes answer to the lack of moral code is in accordance with Pojmans five purposes. They both believe that society needs moral rules to guide everyones actions. With moral rules society wouldnt fall apart as in Hobbes example. Hobbes and Pojman think that although these rules restrict our freedom, they will help promote greater freedom and well-being. While both Hobbes and Pojmans ideas are similar, they are not identical. Different moral theories emphasize different purposes and in different ways. While Pojmans ideas emphasize society need for moral rule, Hobbes ideas accent the role of resolving conflicts of interest. Morality is a necessary condition for happiness. It enables us to reach our goals in socially acceptable ways. It allows us to resolve conflicts of interests fairly. But the one thing true in both of their views is that un til the state of war ends, each person has a right to everything, including another persons life.