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Saturday, December 28, 2019

Should Marijuana Be Legalized - 1311 Words

Cannabis, otherwise known as Marijuana, is illegal in most parts of the world including the United States. However, the drug is now gaining acceptance worldwide as evidenced by the number of countries that are reducing or lifting penalties for possession of small amounts of marijuana. In the United States, there are a growing number of Americans demanding that marijuana be legalized medically. Although the federal government is presently opposed to legalizing marijuana, its legal status is changing on a state level. California was the first state to legalize the use of medical marijuana. â€Å"California Proposition 215, also known as the Compassionate Use Act of 1996, was put forth to California voters on November 5, 1996† (Introduction to Medical Marijuana: Current Controversies). The proposition passed and was enacted in order to allow patients and their caregivers the right to possess and grow marijuana for their own medical use with a doctor’s prescription. There w ere strong medical opinions arguing for the proposition, â€Å". . . . doctors Richard J. Cohen and Ivan Silverberg and registered nurse Anna T. Boyce argued, ‘Today, physicians are allowed to prescribe powerful drugs like morphine and codeine. It doesn’t make sense that they cannot prescribe marijuana, too’ † (Introduction to Medical Marijuana: Current Controversies). Seeing as this was a reasonable and logical argument, the proposition should have passed with an overwhelming majority especially in light of the manyShow MoreRelatedShould Marijuana Be Legalized?849 Words   |  4 Pageswhether marijuana should be legalized. Around 23 states have legalized marijuana for medical and recreational use. In the state of Illinois, medicinal use of marijuana has been passed on April 17, 2013. Since January 2014, patients are able to obtain marijuana with a doctor s recommendation. The new debate is whether marijuana should be legalized for the general public as a recreational drug. Although some believe that marijuana is harmless, and that it has beneficial medicinal uses, marijuana shouldRead MoreShould Marijuana Be Legalized?1715 Words   |  7 PagesMarijuana in Society Cannabis, formally known as marijuana is a drug obtained from the tops, stems and leaves of the hemp plant cannabis. The drug is one of the most commonly used drugs in the world. Only substances like caffeine, nicotine and alcohol are used more (â€Å"Marijuana† 1). In the U. S. where some use it to feel â€Å"high† or get an escape from reality. The drug is referred to in many ways; weed, grass, pot, and or reefer are some common names used to describe the drug (â€Å"Marijuana† 1). Like mostRead MoreShould Marijuana Be Legalized?1489 Words   |  6 Pagescannabis plant or marijuana is intended for use of a psychoactive drug or medicine. It is used for recreational or medical uses. In some religions, marijuana is predominantly used for spiritual purposes. Cannabis is indigenous to central and south Asia. Cannabis has been scientifically proven that you can not die from smoking marijuana. Marijuana should be legalized to help people with medical benefits, econo mic benefits, and criminal benefits. In eight states, marijuana was legalized for recreationalRead MoreShould Marijuana Be Legalized?1245 Words   |  5 PagesMarijuana is a highly debatable topic that is rapidly gaining attention in society today.   Legalizing marijuana can benefit the economy of this nation through the creation of jobs, increased tax revenue, and a decrease in taxpayer money spent on law enforcement.   Ã‚  Many people would outlaw alcohol, cigarettes, fast food, gambling, and tanning beds because of the harmful effects they have on members of a society, but this is the United States of America; the land of the free and we should give peopleRead MoreShould Marijuana Be Legalized?1010 Words   |  5 PagesThe legalization of marijuana became a heated political subject in the last few years. Twenty-one states in America have legalized medical marijuana. Colorado and Washington are the only states where marijuana can be purchased recreationally. Marijuana is the high THC level part of the cannabis plant, which gives users the â€Å"high† feeling. There is ample evidence that supports the argument that marijuana is beneficial. The government should legalize marijuana recreationally for three main reasonsRead MoreShould Marijuana Be Legalized?1350 Words   |  6 Pagespolitics in the past decade would have to be the legalization of marijuana. The sale and production of marijuana have been legalized for medicinal uses in over twenty states and has been legalized for recreational uses in seven states. Despite the ongoing support for marijuana, it has yet to be fully legalized in the federal level due to cultural bias against â€Å"pot† smoking and the focus over its negative effects. However, legalizing marijuana has been proven to decrease the rate of incrimination in AmericaRead MoreShould Marijuana Be Legalized?1231 Words   |  5 Pagesshows the positive benefits of marijuana, it remains illegal under federal law. In recent years, numerous states have defied federal law and legalized marijuana for both recreational and medicinal use. Arizona has legalized marijuana for medical use, but it still remains illegal to use recreationally. This is absurd, as the evidence gathered over the last few decades strongly supports the notion that it is safer than alcohol, a widely available substance. Marijuana being listed as a Schedule I drugRead MoreShould Marijuana Be Legalized? Essay1457 Words   |  6 PagesSHOULD MARIJUANA BE LEGALIZED? Marijuana is a drug that has sparked much controversy over the past decade as to whether or not it should be legalized. People once thought of marijuana as a bad, mind-altering drug which changes a person’s personality which can lead to crime and violence through selling and buying it. In the past, the majority of citizens believed that marijuana is a harmful drug that should be kept off the market and out of the hands of the public. However, a recent study conductedRead MoreShould Marijuana Be Legalized?1596 Words   |  7 Pages But what needs to be known before a user can safely and completely make the decision if trying Marijuana is a good idea? Many do not want the drug to be legalized because they claim that Cannabis is a â€Å"gateway drug†, meaning it will cause people to try harder drugs once their body builds up a resistance to Marijuana, because a stronger drug will be needed to reach a high state. This argument is often falsely related to the medical si de of the debate over legalization. It is claimed that this wouldRead MoreShould Marijuana Be Legalized?985 Words   |  4 PagesLegalize Marijuana Despite what people believe about marijuana, it hasn’t once proved to be the cause of any real issue. It makes you wonder what the reason as to why there is a war on drugs. Why is marijuana the main concern? Since the time that alcohol and tobacco became legal, people wonder why marijuana isn’t legal yet. The fact that marijuana is illegal is mainly caused by the amount of money, jobs, and pride invested in the drug war. Once the government starts anything, they stick to it. At

Friday, December 20, 2019

Essay On The Story Of A Book - 1615 Words

Daisy mulled in satisfaction as the heavy thunk of the books dropping into the returns bin echoed through the library lobby. They had been good books, she had gone through them too quickly. But at least it meant that Daisy could now get some fresh ones. Which filled her with delight as she meticulously listed all of the things she planned to read in the lazy summer that stretched out before her. Thank goodness she’d convinced her parents to let her stay with her uncle instead of dragging her to that awful beach house. Her library hung weightless against her hip as she made her way to the on hold shelf. Her eyes lit up as she found a stack of books with a sticky note with her name scrawled on it. She’d been waiting for over a month for†¦show more content†¦But the librarian suggested it. I was only going to read the first page to get a feel for it but I couldn’t put it down.† â€Å"Wait, you’ve finished it already?† Daisy nodded. Her uncle let out a low whistle as he got out of his chair. â€Å"Well then, If you like it so much, perhaps you would like a copy of your own.† He reached for the top shelf of the cherry varnished bookcase and pulled down a heavy leather bound tome. Daisy’s eyes widen as he placed the book in her hands. It was stunning. With its blue and white cover and gold gilded edges. â€Å"Your Aunty adored Austen. She would have wanted you to have it. Plus, that book has all her novels in it so you can see if you like the rest of her work.† A tear slid down Daisy’s cheek as her uncle wrapped her in a hug. â€Å"Thank you. I promise I’ll take care of it. Oh, I love Austen so much, and Elizabeth! I wish I could trade places with her. Then I could read and drink tea all day and no one would think I’m weird. Plus no one would expect me to do P.E because a lady shouldn’t get her dress dirty†. Her uncle chuckled. â€Å"You’d seriously rather live two hundred years in the past than here? What about smallpox or tuberculous? Wouldn’t you miss electricity or WIFI?† â€Å"I never cared much for the internet. I could play the piano or learn to paint instead. Plus if I wash my hands regularly I’d be fine. † â€Å"Whatever you say, your ladyship. But in the meantime, why don’t you put that book away and come help me getShow MoreRelatedEssay On The Story Of A Book1377 Words   |  6 Pagesquicker and all of a sudden, it halted. She stayed quiet, yet she could feel the goosebumps slithering on her upper arms. Hearing nothing, she entered the door to the archives and ventured inside. Looking through the books, she noticed a slip of paper stuck between the pages of one book. Mary took it without even thinking twice and slipped it into her pocket. Turning around, a young girl was beside her. Mary froze in place and could not observe anything other than a white light. Once the light dimmedRead MoreThe Search for Justice in Books and Stories Essay597 Words   |  3 Pagesurge that the natural human wants to satisfy. It is something that always wanting to be found in anything the question asked about it is why. The process to find it is depicted is several book and stories. The story The Crucible by Arthur Miller is an excellent example of the search for justice is the book one of the times that the theme is used is when Mrs. Putnam states â€Å"Reverend Parris, I have laid seven babies unbaptized in the earth. Believe me, sir, you never saw more hearty babies bornRead MoreAlicia My Story, Book Summary Essay1345 Words   |  6 PagesThe main character in this story is a Jewish girl named Alicia. When the book starts she is ten years old, she lives in the Polish town of Buczacz with her four brothers, Moshe, Zachary, Bunio, and Herzl, and her mother and father . The holocaust experience began subtly at first when the Russians began to occupy Buczacz. When her brother Moshe was killed at a Boys School in Russia and her father was gathered up by German authorities, the reality of the whole situation quickly becameRead More Alicia My Story, Book Summary Essay1351 Words   |  6 Pages The main character in this story is a Jewish girl named Alicia. When the book starts she is ten years old, she lives in the Polish town of Buczacz with her four brothers, Moshe, Zachary, Bunio, and Herzl, and her mother and father . The holocaust experience began subtly at first when the Russians began to occupy Buczacz. When her brother Moshe was killed at a â€Å" Boys School† in Russia and her father was gathered up by German authorities, the reality of the whole situation quickly became very realRead MoreOXFORD BOOK OF ENGLISH SHORT STORIES Essay1926 Words   |  8 Pagesï » ¿OXFORD BOOK OF ENGLISH SHORT STORIES MARY MANN, LITTLE BROTHER The story portrays rural life in a little Norfolk village, in the 1890s. It describes the visit of a character (maybe spinster) to a woman who has just given birth to a stillborn baby. At first she visits the husband, Mr.Hodd, and she enters his world made up just of poverty: with his eldest boy he’s cutting turnips. The family already has twelve children, and they’re very poor. When the narrator visits Mrs.Hodd’s house, she findsRead MoreThe Relationship Between Trilling, And Huckleberry Finn By Leo Marx1315 Words   |  6 PagesFrom Mr. Eliot, Mr. Trilling, and Huckleberry Finn by Leo Marx In this essay, Leo Marx is talking about how the ending of the story in the Adventures of Huckleberry Finn is not well connected to the whole meaning of the events that happens throughout the story. He is saying that the ending of the story throws out completely the plot. Marx is explaining how interesting was the journey that Huck and Jim had, searching for Jim s freedom, but to him everything what they did to get Jim out of thisRead MoreI am David Essay examples619 Words   |  3 Pages I am David Essay By How does David change throughout the Novel? How do his experiences bring about these changes? â€Å"I am David† was a book written by Anne Holm who has gotten a lot of inspiration from World War 2 Survivors, and that were willing to tell and share their stories with her. This book is based on a Boy Called David who was put into a concentration and during his adventures he changes dramatically mentally by discovering more about the world around him that is beyond the WallsRead MoreThe Importance Of Literary Elements In Literature1180 Words   |  5 Pagesthat have helped make us better readers and writers. We have learned how to use common literary elements to help us read into a story beyond the text. From the first independent book we read to short stories we read together in class, we have all improved drastically as writers. The first thing we did in starting our English ten honors course was to pick an independent book to read over the summer. I picked The Da Vinci Code written by Dan Brown. Our assignment for this was to name three literary elementsRead MoreWhat Made English Interesting to Me: A Reflection1020 Words   |  4 Pagesperform the task. Professor John is firm in learning the MLA formatting of essays and following the rules of the university. He gave explicit and detailed instructions on the technique to ensure all students understand and could follow it. He encouraged students to ask questions with things they did not understand or were struggling to accomplish. During the semester, four essays were written. The Personal Narrative essay was difficult because of childhood experiences. It required reflection onRead MoreViolent Media Is Good for Kids964 Words   |  4 Pagesundeniable that the title of Jones’s essay is straightforward and aptly named, if not confidently bold. But while his claim may boast confidence, it lacks credibility. Jones does do a great job introducing his controversial claim by using passion, persuasion, and personal experience. However, his insufficient evidence and fallacious reasoning fail to support the claim he is making, and therefore weaken his argument. The author starts off his essay by allowing his reader to take a peek

Thursday, December 12, 2019

National Australia Bank - Discusses Growth Strategic Development

Question: Discuss about the Strategic Development of National Australia Bank. Answer: Introduction Each company has a starting point. However, companies cannot have a starting point without having a strategy of where they are headed or where the company will be said in the next five years. This is the reason all companies have their missions, visions, and goals. The missions, visions, and goals need to be practical and achievable (Open2study.com. 2016). Major goals are designed and planned to be implemented with a consideration of resources as well as assessment of internal and external forces. Strategic management that ensures development does not only look at day-to-day hiccups but also the long term projects. Some of the basic functions of strategic management are looking at the principles of strategic management, for instance, the theories and process of strategic management, scanning, monitoring and analyzing the market and the market shift, analyzing competitors and planning on how to minimize risks (Balancedscorecard.org. 2016). National Australia Bank was founded in 1982 by then operating as National Commercial Banking Corporation of Australia Limited. It now offers financial services to its customers in Australia and has other segments such as the UK Banking, NAB Wealth, and NZ Banking. Products offered at NAB include wholesale banking, wealth management, business banking, consumers banking and insurance. Since its foundation, the bank has seen a lot of improvement even being ranked among the top fifty banks in the world regarding total assets in 2016 (Banks, W. (2016). This is an indication that the bank has strong and practical strategies on how to reach its goals and visions. Despite the achievements, every organization does not lack its ups and downs and NAB is not an exception (Nationalaustraliabank.com.2016). In the discussion that follows, the paper will discuss NAB past and current strategies; two strategies brought controversy, its environmental involvement as well as its culture and leadership st yles. National Australia Bank strategies Missions, visions and competitive advantages The mission of NAB is to provide core banking and selected financial services professionally, efficiently and competitively to achieve a pre-eminent position chosen by markets. This mission has been supported by competitive values of quality in all activities, a will to win, growing profits for its shareholders, continuous improvement of products, ensuring professionalism and ethics in all actions and working for growth and development for its people. The vision of NAB is to be the most respected bank in New Zealand and Australia. Its competitive advantage is on technology, corporate responsibility and social responsibility such as sponsorship and scholarship. Technology-wise NAB is ranked as the leading user of Siebel and Teradata systems. This system allows the organization to monitor its operations every day which is not easy for other organizations with such as mammoth task. The customer database is stored in these systems is equivalent to cutting down 175,000 trees to feed the information in books. As the law requires the organization to sign corporate responsibility Act, NAB has emerged to be the leading organization in corporate responsibility. In 2008, NAB invested $33.5 million in corporate responsibility schemes. In 2010 NAB invested $1 million initiative to cut down power consumption. On social responsibilities, NAB sponsors Australian football teams at national and region level. Also in the year 2008-2010, NAB sponsored South Sydney Rabbitohs, not forgetting the financial support to drought affected farmers (Analysisreport.morningstar.com. 2016). Strategies used in the past After its foundation, NABs aim was to increase the potential market as well as diversifying the source of income. This, therefore, called for a strategy that would ensure that the bank expands. Over the past decades, the strategy has therefore been overseas expansion. Under the strategy of overseas expansion, the organization has opened up full banking services in New Zealand, United Kingdom, United States and Ireland. Also, the Group is developing banking and financial services in these regions. The group has also opened branches in the Asian region in ten selected capitals and is planning to expand its operation in the Asian region through development of markets in wholesale and consumer banking. The strategy bore fruits since it was started as per 30th September 1996 overseas assets accounted for 45.9% of the assets belong to the Group (Bigdatr.com. 2016). In 1987, the National Australia Bank bought the Clydesdale Bank, National Irish Bank in Ireland and the Northern Bank in Northern Ireland. In 1990, the strategy of overseas expansion continued where it purchased Yorkshire Bank in England and in 1992 the Group acquired the Bank of New Zealand. Due to the expansion, NAB thought of creating a core processing center which was meant to serve the whole of the European region. This was when the next strategy started off having online banking systems in Australia and New Zealand as well as telephone banking services in USA and UK. Although the strategy was somehow profitable, it got a lot of hiccups and according to Pat McConnell; the bank did not reach its vision of becoming worlds leading financial services company using overseas expansion. Current strategies In the recent years, NAB has made efforts to concentrate on the customers rather than expanding their business. In the past five years, the Group has opted to make banking fairer in Australia by offering affordable services and making their fees and charges fair to assists its customers reach their financial goals. This strategy is aimed at making NAB different from the other banks. The report that was released in 2013 announced that NAB was determined to release products and services that are customer focused. According to the NAB CEO, Andrew Thorburn, the organization would attract more customers and retain the existing ones if they offered simpler product offering, provide services that are focused on the customers and releasing products that are customer related. Also, this would ease the pain customer go through in banking services and also make it easier for them to do business with their customers. Some of these products are Business Loans, Credit Cards and Home Loans (Theconversation.com. 2016). Strategies that were criticized In June 2012 news appeared that four banks had financed the Callide Coal-fired station. Among these four financial institutions, is alleged that NAB was among the big four regarding lending money to the coal project. According to the news, NAB is said to have loaned the coal industry approximately $125 million since 2008. Financing of such a factory means that the Bank contributed to the financing of greenhouse gas emissions. Although NAB claims that it was not involved in such a project, the AFR story led it is understood one of the lenders demanded a large repayment on the debt which the IG Power (Callie) shareholders were unwilling to make. Luckily, the positive side the story is that NAB did not refinance the coal factory that had already gone into receivership. According to the study done by Market Forces, it indicated that the big coal banks could go coal free in just five years if banks refuse to refinance any deals (Marketforces.org.au. 2016). Another controversial strategy is one that NAB initiated to better manage its relationship with its customers. According to Fairfax Media reports, NAB was receiving tip-off from a credit monitoring agency. However, the strategy has sparked a lot of discussions especially from borrows complaining that their privacy has been invaded. One borrower complained that she applied for a car loan with ANZ but was surprised to get a message from NAB saying smarter. NAB systems had notified them that the customer was seeking financial assistance elsewhere. According to NAB, they felt that they had the lending responsibility to their customers. The matter got to the Australian Competition and Consumer Commission who are currently working on the matter (Adelaidenow.com.au. 2016). General Environmental analysis PESTEL analysis Political Any organization must comply with the terms and conditions of any government. Sometimes the decisions made by the government are influenced by the political atmosphere which in turn affects the organization. NAB is not an exception of such influence. For instance, in 2011 it was a turbulent year in Australia when Kevin Rudd fall in the election and the minority labor group took over the government. The government was faced with tough decisions involving taxation, climate change, and water management. These factors are directly affected NAB especially in regulation of taxation (Ceda.com.au. 2016). Economical The same year, 2011, when the government was experiencing political uncertainty, there was a huge economical advantage for the mineral-related industries, but the bank industries were in the uncertain world. Matters were worsened by the flood that was followed by long drought almost in the whole of Australia. This was challenging to the bank's industries NAB included to remain economically stable (PESTLE Analysis. 2015). Social/cultural The society is changing every day and the fashion and taste, for instance, are continually changing. There is significant growth in social media popularity. The young people prefer using digital methods in their activities while the old still prefer analog methods. This is not different in Australia. The young are prefer online and mobile banking rather than visiting the banking halls while the old are yet to catch up. NAB has to provide both services to satisfy its customers. Technology As mentioned above, things are changing everyday including the way of doing things. Due to the improved technology, most people prefer digitized methods of banking and banking services. To keep up with the trend, NAB had to introduce mobile and online banking services. Also, due to the growing population, NAB introduced Siebel and Teradata systems which digitally store their database. Ecology (Nature) In 2008, NAB was linked with financing IG Power (Callide), a coal-fire power producing company. This company was said to be adding a lot of greenhouse gasses in the environment. In a way, the bank was said to be involved in the pollution of the environment, and this was the reason they refuted that they financed the project. Legal There are various regulations that a bank must comply with. One of the legal factors in Australia that banks must comply with is ensuring the privacy of personal information. According to National Privacy Principles Act 1988 (Commonwealth), any institution must uphold the privacy of personal information of its clients. NAB, therefore, has to ensure the safety of personal information of its clients such as health records, funds, insurance and all banking processes (Nab.com.au. 2016). Specific environmental analysis Customers NAB customers are distributed in Australia, New Zealand, and Asia. Having 1,590 operational branches and service centers as well as 4,412 ATMS, it can serve 12.7 million customers. Its customers are people of all kind of financial status as their slogan goes More than Money. Partners National Australia Bank has partnered with several persons and institutions in a move to reach its set goals and visions. One of its partners is the microenterprise is aimed at growing Australian business. The partnership supports the Federal Government initiative in small businesses. Others include the Deakin University, University of Melbourne, Visa and Earthwatch (Nab.com.au. 2016). Industry Since nab is in the banking industry in Australia, there has been evaluation and significant changes in the banking industry as well as the financial structure. There is an increasing importance of having banks, increase in share assets management and growing importance of securitization. NAB cannot avoid these changes (Vitale, M. n.d.). Unions Just like any other organization, NAB has its unions. In NAB unions are recognized as stakeholders and employees have a right to choose which union to join. One of the famous unions is the Finance Sector Union which promotes, improves and protects employees in the finance sector. Competitors The top competitors of NAB are HSBC, China Construction Bank, Bank of America, Royal Bank of Scotland, Deutsche Bank, BNP Paribas and Citigroup. These competitors have almost the same assets, customer base and segment (Grossmann, R. n.d.). SWOT Analysis (MBA Skool-Study.Learn.Share. 2016). Strengths Good revenue and interest income The largest business in Australia by assets Strong brand name and financial position Leading finance institution with diverse services and products Individual and business finance services Weakness No global acclaim Drop in revenue affecting development and growth Opportunities Acquisition and Joint ventures Overseas expansion Diversifying portfolios for clients Threats Competition from other in banking industry Change of regulation by the government Financial crisis such as recession Culture and leadership styles The core values of the organization include quality in all activities, a will to win, growing profits for its shareholders, continuous improvement of products, ensuring professionalism and ethics in all actions and working for growth and development for its people. These values could not come into practice without some of the greatest leaders who have led by examples. These transformational leaders include Kenneth R Henry AC (Chairperson) and Andrew Thorburn, the CEO. To ensure that the almost 53,000 staff member bind to the culture of the Group, NAB started a major value program in 1996 which involved a two-day course to managers and later involved the other staffs. To support the program, the Group introduced a method of assessing the leadership behavior in the manager when working to ensure that they live according to the values of NAB (Reuters. 2016). Conclusion Strategic management is the process of coming up with plans and also executing them to reach the set goals of the organization. NAB was formed in 1982, and the initial strategy was to have overseas banks and purchased several banks in New Zealand, Australia, and Asia. It grew its customer base across Europe and later changed its strategy to concrete on customers needs. Despite various controversies, NAB has emerged to one of the leading financial institutions regarding assets. Guided by its values and culture and determination to be the most respectable bank in Australia and New Zealand, NAB has diversified its products and services to keep its customers and attract new ones. The leaders especially the chairperson and the CEO have played key roles in ensuring stable operations. With the opportunity of overseas expansion and mergers and JVs, the group has a promising future in the financial and banking industry. References Adelaidenow.com.au. (2016). NAB spying on disloyal customers. [online] Available at: https://www.adelaidenow.com.au/business/companies/nab-using-veda-alerts-to-spy-on-customers/news-story/950f2fd51c366fe9e08fff739c191cfe [Accessed 31 Aug. 2016]. Analysisreport.morningstar.com. (2016). [online] Available at: https://analysisreport.morningstar.com/stock/research/c-report?t=XASX:NABregion=ausculture=en-USproductcode=MLEcur= [Accessed 31 Aug. 2016]. Balancedscorecard.org. (2016). The Basics of Strategic Planning, Strategic Management and Strategy Execution. [online] Available at: https://balancedscorecard.org/Resources/Strategic-Planning-Basics [Accessed 31 Aug. 2016]. Banks, W. (2016). Top Banks in the World. [online] Relbanks.com. Available at: https://www.relbanks.com/worlds-top-banks/assets [Accessed 31 Aug. 2016]. Bigdatr.com. (2016). [online] Available at: https://www.bigdatr.com/blog/strategic-positioning/2015-04-08-nab-marketing-strategy-analysed/index.html [Accessed 31 Aug. 2016]. Ceda.com.au. (2016). Economic and Political Overview 2011. [online] Available at: https://www.ceda.com.au/research-and-policy/publications-and-resources/publications/epo/epo_2011 [Accessed 31 Aug. 2016]. Grossmann, R. (n.d.). Morrison v. National Australia Bank and the Securities Act of 1933. SSRN Electronic Journal. Marketforces.org.au. (2016). NAB chalks first stranded coal power plant | Market Forces. [online] Available at: https://www.marketforces.org.au/nab-chalks-first-stranded-coal-power-plant/ [Accessed 31 Aug. 2016]. MBA Skool-Study.Learn.Share. (2016). National Australia Bank | SWOT Analysis | USP Competitors | BrandGuide | MBA Skool-Study.Learn.Share.. [online] Available at: https://www.mbaskool.com/brandguide/banking-and-financial-services/623-national-australia-bank.html [Accessed 31 Aug. 2016]. Nab.com.au. (2016). NAB Microenterprise Loan partner organisations. [online] Available at: https://www.nab.com.au/business/loans-and-finance/business-loans/nab-microenterprise-program/loan-partner-organisations [Accessed 31 Aug. 2016]. Nab.com.au. (2016). Security and Privacy - NAB. [online] Available at: https://www.nab.com.au/static/mobile/flik/security-privacy.html [Accessed 31 Aug. 2016]. Nationalaustraliabank.com. (2016). About us. [online] Available at: https://www.nationalaustraliabank.com/nabglobal/en/about-nab [Accessed 31 Aug. 2016]. Open2study.com. (2016). Strategic Management (StratMgt). [online] Available at: https://www.open2study.com/courses/strategic-management [Accessed 31 Aug. 2016]. PESTLE Analysis. (2015). Social Factors Affecting Business. [online] Available at: https://pestleanalysis.com/social-factors-affecting-business/ [Accessed 31 Aug. 2016]. Reuters. (2016). ${Instrument_CompanyName} ${Instrument_Ric} Company Profile | Reuters.com. [online] Available at: https://www.reuters.com/finance/stocks/companyProfile?symbol=NAB.AX [Accessed 31 Aug. 2016]. Theconversation.com. (2016). [online] Available at: https://theconversation.com/national-australia-bank-30-years-of-strategy-failure-55159 [Accessed 31 Aug. 2016]. Vitale, M. (n.d.). National Australia Bank. SSRN Electronic Journal.

Wednesday, December 4, 2019

Banana Supply Chain Management & Demand- Free Solution by Top Experts

Question: Describe about the Demand and Supply Management for Banana Production. Answer: Introduction This study has been highlighted the scenario of banana production in Australia after the cyclone Yasi. As per the case study, it can be observed that after the cyclone, the overall banana production has been decreased within the country. In this purpose, this study has been tried to establish the favourable scenario for which the banana developing industry has been decreasing. As a result, this study is helpful to identify the reason for increasing of the prices of the banana. In addition, the equilibrium position for the individual has also been described. Furthermore, this study has been established the long run performance of the Australian banana market. Brief explanation under which the banana growing industry in Australia falls As per the background of the study, it can be stated that initially in Queensland, after a massive storm, the 90 percent production of banana crop had decreased. Therefore, as per the statement of Tietenberg and Lewis (2016), the banana industry has taken 12 months to 18 months to recover and regain the previous level. In this occasion, it can be stated that the banana production in that time had been reduced by 75 per cent. In a synopsis, it can be concluded that the storm damaged the overall fruit sold in the Australian market. Graphical explanation why banana price went up after cyclone As per the statement of Bowen and Sosa (2014), the cyclone Yasi had make a negative impact on the production of banana in Australia. As a result, the trend of the growth of banana has been reducing. On the contrary, the demand for the products was remaining same whereas the supply of banana was decreased. In this situation, to maintain the equilibrium position, the price of the banana was increased. The reason can be discussed as due to the shortages of supply, the price of the product was increased as mentioned by Bruneel et al. (2012). Figure 1: Graphical explanation of after the price increasing (Source: Created by author) From the above figure, it can be observed that the demand curve of banana production is downward sloping and is represented by D curve whereas the supply curve is upward sloping and it is represented by S0 curve. After, the cyclone Yasi, the supply of the banana has been decreased and the supply curve has been shifted to leftward. The initial price of banana was P0 and the quantity, which was supplied was Q0. The new supply curve is S1. As a result, the price of the production of banana has been increased from P0 to P1. On the other hand, the quantity was also decreased from Q1 to Q0. With the rise in the price, the consumers wanted to consume less from the previous. The theoretical model explain the equilibrium position for the individual banana producer before the cyclone According to Roberts and Schlenkera (2013), in order to discuss the impact of the individual banana producer regarding the equilibrium position before the cyclone can be discussed with the help of the following figure: Figure 2: Equilibrium position of individual producer (Source: Created by author) The above figure depicted the equilibrium position of individual banana producer in Australia. In this case, it can be observed that the individual demand curve of banana is D whereas the individual supply curve of banana producer is S. The equilibrium position is denoted by E0, where the demand curve and the supply curve intersected to each other as mentioned by Chen and Fan (2012). In this connection, Soderbery (2015) supported that the equilibrium position would not occur at E1 or E2. At the position of E1 or E2, the supply curve did not meet with the demand curve. Hence, it can be concluded that the equilibrium price of banana was P0 and the equilibrium corresponding quantity was Q0 before the cyclone. In a nutshell, it can conclude that before the cyclone, the supply of banana was equivalent to the demand for the same goods. Explain the short run impact of cyclone Yasi on the profitability of banana growing firm and industry In order to discuss the short run impact of cyclone Yasi on the profitability of banana growing firm, Bruneel et al. (2012) opined that the production of banana has been massively decreased. However, the demand of the product is remaining same. Therefore, to maintain the equilibrium, the price of the product has been increased. Before, the cyclone the price of banana was $2 to $3 per kilo while after the cyclone the price became $15 per kilo. Although the price has increased, the production of banana has been abruptly decreased. On the other hand, there is an another short run impact in the banana producing firms and industry. In case of after production of banana, the inventories of banana was also hampered due to the cyclone. As a result, the banana producers has incurred from loss financially. Figure 3: Effect of profitability (Source: Created by author) With the rise in the price of banana after cyclone Yasi due to the shortage of banana production, the demand for the products also decreased. As a result, the profitability would also decrease. In a synopsis, it can be stated that the producers would incur loss. Long run performance of the banana market In this case, it can be predicted to improve the performance of banana market of Australia, Tietenberg and Lewis (2016) suggested the government of Australia require to give allowance in order to revive the present situation. The investment of the production depend upon the present years business performance. Due to the natural calamity, the business performance has been hampered. On the other hand, the government need to develop greater storage system in order to protect the manufacturing goods from the natural calamity. Therefore, by doing these, the long run production of banana in Australia can be improved. Conclusion This study is highlighted the performance of banana producers in Australia. It can be observed that after the cyclone Yasi, the price of the banana has been increased as the banana production has been decreased. References Bowen, W.G. and Sosa, J.A., 2014.Prospects for faculty in the arts and sciences: A study of factors affecting demand and supply, 1987 to 2012. Princeton University Press. Bruneel, J., Ratinho, T., Clarysse, B. and Groen, A., 2012. The Evolution of Business Incubators: Comparing demand and supply of business incubation services across different incubator generations.Technovation,32(2), pp.110-121. Chen, C.W. and Fan, Y., 2012. 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