Banking Essay Example | Topics and Well Written Essays - 1500 words

Banking - Essay Example Mark Angelo, to repay the debt as well as his net asset value, in addition to the assets which Mr. Mark Angelo can offer to the bank as security against the debt . Financial Statement Analysis The financial statement analysis of Mark Equipment Pty Ltd for the present and the past year reveals the following ratios. The examination of the short-term liquidity of an organization can be accomplished through the current ratio, quick ratio and the cash ratio of the organization. The current ratio signifies the organization’s capability to meet its current liabilities and obligations comfortably. The quick ratio exhibits the capacity to meet the urgent liabilities. The cash ratio is beneficial for creditors to determine how quickly the organization can pay off its short-term debt . In this context, it can be observed that the company’s liquidity position had improved from that of the previous year, but it would be preferable if Mark Equipment Pty Ltd could increase the percentage of their current assets. The solvency of an organization can be evaluated through the debt to equity ratio. The debt to equity ratio signifies the amount of assets that were financed by debt relative to the amount financed by equity . Thus, Mark Equipment Pty Ltd had utilized comparatively lesser amount to debt to finance its assets and is less financially leveraged. The profitability of the company as indicated by the net profit margin and the return of equity as well as that on assets is very low. Therefore, it can be inferred that the company had not utilized its assets and equity proficiently4. In contrast the gross profit margin of the company is very high, implying that the company’s operating expenses are elevated. The fixed asset turnover ratio of the company indicates that it generates fairly decent value of revenue per unit currency of its fixed assets5. However, the total asset and the equity turnover ratios of the company are relatively low and have also decreased from the previous year. Consequently, the financial analysis reveals that though the company possesses decen t values of revenue as well as gross profit and

The Vigilance Project Essay Example | Topics and Well Written Essays - 1000 words - 1

The Vigilance Project - Essay Example Being in a group, an individual feels as integral part of a team which enhances his or her self-worth. 4. Realistic is conflict â€Å"based on scarce resources†; symbolic conflict is conflict â€Å"based on values and beliefs†. Realist conflicts take place between groups over scarce resources in a competitive environment. Symbolic conflicts occur due to different perspectives regarding values and ideas which give rise to conflicts in goal persuasion. 5. The leadership paradox is best stated as â€Å"The fact that teams usually need leaders, but the very presence of a leader threatens the autonomy of a team†. Instead of making a team more productive, a leader may end up being a hindrance if he overuses his power (Thomson, 2004, p.309). 6. The three types of team coaching include â€Å"ability, coordination, motivation†. Motivation enhances team commitment, coordination helps people to work together, and educational coaching increases skills and abilities of team members (Levi, 2010, p.178). 7. Teams that are underbounded â€Å"Have many external ties, but cannot bring its members together†; in contrast, teams that are overbounded â€Å"have high loyalty but an inability to integrate with others†. Overbounded teams are highly cohesive and so members can work in more coordinated manner than underbounded teams (Hackman, 2011, p.79). 11. According to the empirical research on convergent and divergent thinking, â€Å"Groups are better than individuals at divergent thinking; individuals are better than groups at convergent thinking†. This is because in the former effort is to find single solution to a problem while in the latter effort is to find multiple solutions to a problems which can be more effective in a group (Salkind, 2005, p.309). 12. The key threats to creativity include all of the following, except â€Å"social striving†. Social striving means individuals can exhibit maximum performance when working as part of a group, and this can enhance

Human Movement Essay Example for Free

Human Movement Essay Kinesiology, plainly put is the study of human movement and all aspects to it. It is the science of human movement. It is comprehensive in its outlook in that it looks at being part of the physical activity (the experience), class room study of the theories and concepts that make an activity qualify as physical (scholarly) and the professional practice connected with physical practice (Hoffman, 2009). It looks at the muscles-their make up and how they contribute to human movement, the skeleton-make up and contribution to human movement, and the brain in the same context as the previous two. It makes a practitioner of Kinesiology understand human movement from all angles – the why, what, when and which. Method: Since this study entails all aspects of the human movement, so to does its learning. The use of a high school football team was to allow sight of human movement in real time from a passive position. It brought in play the subjectivity of the human mind in the observational data collection aspect of the research. By its very nature football is a contact sport. It thus presented the research with the best tool to observe the different components that constitute human movement. The preconceived notions of the human mind would be make for interesting reading when tested against the scientific results. Since not all the three different components could be scientifically measured at the same time, the research was focused on the head. This is from the realization that head impacts result in concussions. This is an injury that has the very real possibility of ending ones career but also could end up in death. To best investigate the impact to head injuries, the research used the Head Impact Telemetry System (HITS). This is a wireless monitoring system capable to rapidly identify athletes who have sustained an impact to the helmet that has the potential of being injurious. It is made to produce real-time post impact data and transmit the results to a computer not more than 150 yd (137m) from the helmet via radio waves. When out of range, an onboard storage unit would record up to 100 hits and transmit when back on range. HITS allows for objectivity in the research. For Kinesiology, to qualify as a science, measurement must be precise and consistent. Head impact data was captured when a single accelerometer exceeded the preset 15g threshold. Data from 8 milliseconds pre to 32 milliseconds post impact was transmitted and stored. The dependent variables set were linear acceleration, rotational acceleration, jerk force, impulse and duration of impact. Results: From the data collected in the course of the season (68 sessions-55 practice days, 13 games), it became clear that, there were more impacts during games than during practice. The greatest number of knocks was experienced by defensive line players, offensive linemen, offensive skill players and defensive skill players in descending order. In ascending order, the location of helmet with most frequently hits was the top, side, back and front. Game situations resulted in higher linear acceleration than practice impacts. Top of the helmet hits had the greatest linear acceleration followed by front, back and side. Again, game time impacts caused more rotational acceleration than practice. The line players experienced harder hits than skill players in this category. It was also clear that most forceful hits were as a result of front then back then side and lowest top hit. Looking at head jerk, impact force, impact pulse and duration of the impact, the figures were higher during game times than practice. The offensive line and defensive skill players had an equal occurrence of head jerk but higher than the others. The line players had longer duration of impact, more impact impulse and force of impact than the skill players. Maximum head jerk and impact force was experienced as result of hits at the top followed by the front, back and side. For the duration of impact, the order was the same but in reverse role. Also noted, the harder a player was hit the higher the linear acceleration, maximum jerk, force and impulse. The same was true for a soft hit. Conclusion: From the research, this paper has been able to come to some conclusions as a result of the available data. Some of the conclusions justified the subjective view in the researcher at the beginning of the undertaking while some have resulted in the researchers’ change of perception. It was clear from the data that there were higher linear acceleration collisions in high schools than from statistics available about research done on colleges. This could be as a result of the kids wanting to impress. They clearly may not have and full knowledge of the consequences of their actions. In high schools the chance of a college scholarship, means one could have a greater chance of success in life as a result of the extra academic qualifications one acquired. The higher linear acceleration collisions have a higher concussive chance. This makes the high school football player more at risk as very few have compressive medical covers that would give them the kind of specialized treatment necessary should the worst happen. Schools by the nature of their medical cover can not to provide this. In high school, there were more top helmet impacts than in college. It meant a higher linear acceleration and also impact force magnitude. This was a very dangerous location. It exposed the boys to a higher risk of concussion and severe cervical injury. This could easily mean career ending injury, paralysis or even death. There was need for more effort to be put into coaching. They could help teach the boys proper tackling techniques and make them understand the advantage of keeping the head high and thus avoiding helmet contact. It could be that since the college players are more mature, they do not let blood to run into their heads. They are committed in their tackles and at the same time aware of what the consequences of their actions are if not watched properly. Since the boys in high school were still maturing, they were generally smaller in mass and height as compared to their college equivalent. The more reason why they needed to be taught well. In high school, the most dangerous positions were the Quarterback, running backs and wide receiver in decreasing severity. They had the highest linear acceleration impacts. These could be as a result of them been always in full flight (speed) and in open field. These is unlike their counterparts the offensive line and defensive skill players. These may have the highest number of hits on them but the impact is low. The reason could be because they were always near each other and they do not achieve full acceleration before getting hit. The guys who get hit all the time were line men. These guys were involved in every play in the field. Finally, in high school because of the small pool of players, some ended up playing more than one position. This increased the risk of injury. This research did raise some very pertinent issues. They need to have proper coaching in high schools should go along way in reducing the chances of serious injury in the field. Also, the better knowledge of head injury risks should make for better understanding of how to tackle and care for them should and when they occur. This research has given birth to invaluable knowledge for Kinesiologists.

Impact of Planning and Development on Property Values

Impact of Planning and Development on Property Values The first chapter has discussed the issue regarding this particular study in terms of the objectives, scope of study, and significance of study, methodology of study and chapter outline. In this second chapter, the discussion will be mainly on the theoretical aspect of the planning and development in this study. The explanation by literature review will be given in this chapter is as continuity to achieve the objective. The purpose of literature review is to establish the microeconomic factor affecting residential property values. Furthermore, this chapter is also going to discuss the planning and the market, planning system in Malaysia and zoning definition .Apart from that, this chapter will also look at the relationship between microeconomic factor and residential property value and the impact of planning and development towards residential property values. The chapter start with discuss planning and the market and what is the factor affecting residential property value and underline theoretical on property value. The theories to achieve the second objective of this study which is identify factor affecting residential property value based on planning and development. Conclusion of the finding will be given at the end of this chapter. 2.2 Planning and The Market According Peter Cowan (1973), planning is defined as making plans, strategies, interpretation, according to which planning covers almost every aspect of human affairs. Alternatively, Neutze (1987) suggests that planning of land use helps to reduce the level of improbability about the form and level of development that will be suitable and allowable. It raises the supply of residential and to reduce the price of land for development. The main objective of planning is to allocate land uses to meet the economic and social needs of people. Referring to Lean and Goodall (1966), planning and development are subject to change in use of pattern and consequently in value. Social and economic changes will effect on property such as land and building values. Basically the pattern of land use is a signal of competition for sites between various uses functioning through the forces of demand and supply. In an attempt to compete for space at the choice location, some uses are displaced for other potential uses that willing to pay higher prices. In the same element, owners of property will choose location will that offer the greatest advantage on price. Subsequent to Mayer and Somerville (1999) established a structural model describing the relationship between planning regulation and residential market supply. They considered two types of planning regulations, namely impose explicit financial costs on builders such as development or impact fees and those that delay or lengthen the development process. The model shows that in the absence of input prices for land, housing starts are properly specified as a function of changes in the level of house prices, and not as a direct function of the level itself. According Li and Brown (1980) tested the impacts of three types of neighbourhood factors such as aesthetic attributes, pollution levels and proximity on housing values. Li and Brown (1980) findings suggested that housing prices rose due to accessibility but fell due to problems such as congestion, pollution or unsightliness. Based on Monk Whitehead (1996), planning bring impact on the property market by restraining the location and type of house thus increasing property price. 2.3 Planning system in Malaysia Planning activities mainly fall into three broad categories such as forward planning, which mainly involve the preparation and updating of regional strategies, county structure plans, and local plans. According to Bramley, Barlett, and Lambert (1995), development control which involves local planning authorities responding to applications for the right to undertake specific developments from land owners or developers implementation, which involves direct industrial, commercial or housing development by or involving public authorities. As mentioned by Dale and Mclaughlin (1999), there are two basic approaches to regulating how land is developed and used. This can be by way of legislation applying to all properties uniformly, or by way of a permit system in which a property owner must make application at the time of a proposed development. According to Sukuran and Ho (2008), town planning system is principally a system of preventive control of various land uses patterns where upon the controlling authority would not allow any approval for development activity if adverse impact on surrounding environment were visualize. Town and country planning has been called urban and regional planning, land use planning, and city planning or physical plan in different countries. Town planning is therefore not mere layout plans of residential, industrial commercial or recreational activities, but a combination of components and elements which help to make the complete living, working and play environment which determines the quality of life its residents. Above are town planning concepts and principles which have taken into consideration by a planner in the preparation for planning submission for property development in general and specifically in Malaysia. Malaysian town planning system consists of development plans and development control procedures that include consistent matters for planning considerations (Lee et al., 1990 and Bruton, 2007). The development plans under Malaysias Town and Country Planning Act,1976 consists of a Structure Plan prepared at state level and Local plans prepare at local levels The structure plan consists of written statement formulation a States Policy and general proposals for the development use of land in the State. The Structure Plan suggests direction and approaches on how area in the States could be developed in an appropriate and sustainable manner. According to Tiesdel and Allmendinger (2005), have been carried out which provide empirical evidence of the effects of land-use planning on housing development in Malaysia. Empirical evidence of the effects are demand and supply activity, risk and confidence, financial and information. However, those observed evidences did not sufficiently identify the causes of town planning effects. It is necessary identified the causes of these effects so as to enable town planners and decision makers to make the right choice to avoid undesired outcomes. Planning is regarded as a mechanism for the government to exercise its control on the urban development process. There are theories which advocate that land use regulations such as zoning and growth controls may affect property market by constraining supply and increasing demand. 2.4 Zoning Definition Zoning is well known as a key instrument in planning regulation which is environmental regulation in its broadest sense. It establishes the tone of neighbourhood and raises average property values. Zoning is changed from agriculture to another class this can mean a higher property value and more value for your investment. If the class is changed to argriculture then the property value may drop, causing you to lose money on your investment. Even planning systems without specific zoning regulations have contained elements of zoning such as government description and restrictions of rights over land within certain spatial limits (Willhelm, 1962 and Hagman, 1973). In general, zoning has a dual character such as assigning exclusive property rights and as a planning instrument which attenuates private property rights over the most valuable uses of land. Zoning as a non-contractual obligation imposed by town planners was legally introduced into Malaysia by the Town Planning Act 1976. Zoning regulations not only determine the type of use, they also regulate land and structure characteristics such as lot size, set back and building height (Pogdzinski and Sass, 1991). It is important for residential, commercial, agriculture or even industrial area such as manufacturing factory and raw material processing company to have well connected and convenient infrastructure. This will ease transporting of goods, communication or even travelling. 2.2.1 Types of Zoning Zoning seeks to protect public health, safety and welfare by regulating the use of land and controlling the type, size and height of buildings.ÂÂ   Some goals of early zoning codes were to prevent overcrowding and limit incompatible uses. Referring to Raymond (2000), the zoning helps the development areas to have less environmental complaints and higher economic values. According to Ed. Shirelle Phelps and Gale Cengage (2003) there are four different types of zoning districts. The types included in an area will depend on the complexity of the townships or countys development problem. 2.2.1.1 Residential Zoning Residential zoning may be established in several categories depending on the type of development already established or anticipated. Factors that must be considered are density of population , existing and proposed streets and utilities, variety of housing types and variety of housing price groupings. Residential zoning can include single family residences, suburban homestead, or any number of other designation which cover homes, apartments, condominiums mosque, community center and parks. 2.2.1.2 Commercial Zoning Commercial zoning usually has several categories include office buildings, shopping centers, nightclubs, hotels, certain warehouses, some apartment complexes as well as vacant land that has the potential for development into these types of buildings. The availability of parking may affect the type of commercial zoning that is permitted. 2.2.1.3 Industrial Zoning Like commercial zoning, industrial zoning can be specific to the type of business. Environmental factors including noise concerns usually are issues in determining into which industrial level a business falls. Manufacturing plants and many storage facilities have industrial zoning. Certain business such as airports may warrant their own designation. Industrial zoning is often dependent upon the amount of lot coverage which is the land area covered by all buildings on a lot and building height. Industrial zone include manufacturing factory such as light, medium and heavy factories 2.2.1.4 Agricultural Zoning Agricultural zoning is generally used by communities that are concerned about maintaining the economic viability of their agricultural industry. Agricultural zoning typically limits the density of development and restricts non-farm uses of the land. In many agricultural zoning ordinances, the density is controlled by setting a large minimum lot size for a residential structure. Densities may vary depending upon the type of agricultural operation. Agricultural zoning can protect farming communities from becoming fragmented by residential development Mayer and Somerville (1999), they concluded the land-use regulation such as zoning and growth control has significant effects on both of the new development and responsive of local supply to price shock. This showing there will be a price different depending on types of zoning. 2.3 Factors affecting Residential Property Value Property value is dependent upon many characteristics associated with that property such as physical characteristics of property such as location of the site in relation to employment centres and other recreational facilities. In addition the social and economic characteristics of neighbourhood, including the presence of such amenities as view, parks, schools and community services affect value. Rosen (1974) explains that a property includes lots of factors and these are totally show in property prices. Buyers and sellers consider these factors separately before making decision for the purchase and of the property. In order to understand the weighting for the different factors, hedonic modelling was used to explain how each factors made up the prices of the residential market. According to Malpezzi (2003), the method of hedonic modelling can used as calculation in expenditures on housing. Hedonic can be measurable on prices and quantities so as to make possible judgement and predictions of properties between identical and different residential in different areas. Sibel (2008) noted the results of the hedonic model reveal that water system, pool, type of house, number of rooms, house size, locational characteristic and type of the building are the most significant variables that affect the property prices. In order to assess the impact of the planning system on the property market, Hui and Ho (2003) shows the model which investigate the effect of the land-use planning system on house prices in Hong Kong. The model first determines the demand and supply equations to establish the market at equilibrium level. Based on the research, the model analysed planning system variables such as usable floor area (UFA), land supply (LS), residential gross floor area under planning applications (GA), residential zones (RZ) and green belt or open space (GB) and approval rate of planning applications (AR) relationship to house prices (HP). Using stepwise regression for a three-year period the result that the significance of approval rate of the planning applications supports the view that development control maintain the structure of housing supply in a way which may change the equilibrium price of housing. Tables 1 show parts of the literatures that identified attributes influencing property value. Researchers Determinant Joslin, 2005 Location, Age Size Kauko, 2003 Location, Shopping Centers, Highway , Parks, Metro Neighbourhood characteristics Paz,2003 GDP, Level of income, Migration, Construction Activity, Economics Activity Purchasing Power Wong, Hui Seabrooke, 2003 Interest Rate Case Shiller, 2003 Number of Employment Han,Yu, Malone-Lee, Basuki, 2002 Land Area, Parks CBD McCluskey,Deddis,Lamont Borst,2000 Location Blackey,1999 Change in tax policy, Age composition of the population Rate of household formation Meen Andrew, 1998 Income, real interest rates, Nominal interest rates, General level of prices, Household wealth, Demographic Variables, Tax structure Financial liberalization Cheshire Sheppard, 1998 Location, Level of income, Population, Transport, Policy Neighbourhood characteristics Lenk, Worzala Silva, 1997 Number of bathrooms, Number of bedrooms, Age of house, Lot size Basement area, Total area of house, Number of fire place Number of car garages Table 1 : Main Factors Influencing Property Value Source : Ge and Du, 2007 Few factors can affect residential property values such as infrastructure facilities, locational factors, physical factors, legislative factors and demographic factors. 2.3.1 Infrastructure Facilities Viable and good infrastructure will be the basic foundation for development of housing projects. Infrastructure facilities include basic public amenities including transportation which will ensure timely delivery of service and goods. Main amenities such as electricity, telephone and water will affect the residential property value. (Rosman,1988). Comprehensive infrastructure will ensure the value of the property. Lacking this public facility could be construed as a sign of planning deficiency or even planning blight. The model presented in Antunes et al. (2009) assumes that the infrastructure network does not change during the whole planning period. Yet, the topology of the transportation network may have a strong influence on the location decisions. A study of the influence of transport on house prices was examined by So et al. (1997) noted that the major risk of using hedonic price regression is the presence of the multicollinearity between housing attributes and the resulting insecurity of estimates. 2.3.2 Location Factors The factor of location is very important in the determination of property values. Location is very unique as two adjacent sites may command different values depending on underlying factors of accessibility, physical terrain, size and configuration etc. Turner (1990) that the three most significant influences on property value are location, location and location. Royal LePage (2003) emphasises strongly on location and type of mortgage debt financing as principal factors affecting the market value of listed property. Location has a major influence in terms of proximity to centres of interest, traffic congestion, crime levels, level of cleanliness or scenic beauty of the environment, infrastructure services and social amenities, security and planning laws. On the other hand, the type of mortgage can affect the property value either up or down depending on the amount, terms and conditions applicable, rates of interests and method of repayment. Location theory stated that property value decrease when the location is situated far away from town center. Whereas, property which are located within town center are high in demand and the property value will increased. Nelson (1958) emphasis about higher property value exists in good locations. Town center areas activities such as economy, social and property market. According to Khan (1977) stated that land situated near town center have stiff competition usage. The further the location form town centers, the value of property will decrease due to low demand. (Zulkifli. 1995) Kryvobokov (2007) modelled the property market of the most important location attributes influencing values in well-developed foreign real estate markets and use this list in Ukraine. Using experimental evidence of developed property markets, the meta-analysis is applied to extract location attributes and weigh their importance. Results suggest that it is possible to substantiate location attributes, which influence market value for different real estate types. Location factors influences on neighbourhood and access appear to be dominating location. 2.3.2.1 Surrounding Areas and neighbourhood Development According to Babcoak (1932) and Tan (1997), the future of residential property depends on the development planning in the area located. Surrounding areas developments are interconnected especially in economic activities namely Neighbourhood areas. For example, residential property which includes commercial industries will have added advantages especially in the property value. Surrounding development refer to the activities within the neighbourhood areas which could give positive effects or negative effects to a particular property. For example, residential houses located nearby industrial areas will be affected by pollution, noises, congestion and heavy traffic. The value of the residential houses will be lower due to the lack of interest of buyers when such situation occurs. (Zulkifli, 1995). Rosiers et al., (2000) noted that neighbourhood and access factors influences between both series as to achieve most select model design with minimum information loss. Its aim is to explain property prices on the basis of physical and neighbourhood related characteristics. Using hedonic model on property information are located using geodetic co-ordinates, which are integrated into MapInfo GIS. Variety of data such as schools, universities, colleges, shopping centres, remote sensing images, street grids, road, highway networks and power lines are located using relevant system. Results shows that model have greatly improved with location and access factor influence in property values. It suggests that the factor analysis used is highly efficient at sorting access and neighbourhood attributes. The method provides useful approaching the housing market. 2.3.3 Physical Factor Physical factors refer to the physical characteristics of a property. A physical characteristic is different in residential property with other property types. Differences in physical characteristics of the residential property itself may cause differences in value. 2.3.3.1 Building Features In terms of size and number of rooms were perceived as the most significant factors influencing the value of residential property. Next to these is the aesthetic appeal include design, finishes, etc. It was surprising to note that these aspects were accorded high priority over running and maintenance costs and the age of building or obsolescence. This could be as a result of the reported poor maintenance culture of most developing countries (ADB, 2005). Physical elements of property differ from physical elements of another property. Such difference could result towards the value of the property. Physical elements cover land size, floor area, location and type of property. ( Hamid, 2005) Referring to Creedy and Wall (1979) stated that size of lots or buildings could influence the value of property. The size of lots or buildings has positive impacts on the value of property. The bigger floor area of residential houses the higher the value. In norm, bungalow lots or houses are higher in value compared to teres houses due to bigger land and floor areas. 2.3.3.2 Age and Condition of Repair Changes in taste and fashion in new design houses tend to reduce the value of older houses. Besides, the condition of repair must be considered as the cost of putting the property into a satisfactory state of repair now and the cost of maintenance cost in future. Therefore, age and the condition of repair are proved to be negatively related to property value. All else being equal, older houses have experienced greater depreciation (Radriguez et al., 1994; Raymond and Peter, 2000). 2.3.4 Demographic Factors Demographic factors are primary derives of the real estate market. Demographic factors include population growth and income levels. 2.3.4.1 Population Growth Refer to Tse and Webb (1999) the growth of urban population through migration and urbanisation. Increase of population whether locally or migration of others will increase the economics of an area. Such situation will increase the residential property value when the demands exceed supply especially in goods and services which will encourage investors to participate actively in an area. Increase of population in an area will result in the demand for land. When there is an increase of population in an area, the economic activities will increase in tandem with the demand (De Wang, 1999). Increased economic activities will result in the demand for residential property market. Current usage of land will be converted into intensive land usage. The changes of intensive land usage will increase the economic activities to be productive and resulted in the property market value to rise due to the increase of population. 2.3.4.2 Income Levels According to (Gallimore, Fletcher and Carter, 1996) households which have the same tastes and income tend to live within the same area. Therefore the size of households, income, age, education levels and the availability and cost of mortage , financing have to be included in affecting the types of housing and the values. High-income residents will seek out a part of city that may offer leisure facilities, parks, amenities and the most convenient form of transportation and infrastructure. This also expose that the proximate and relevant influences on the property are related to the same influences operating on other properties in the neighbourhood. Spatial segregation refers to the residential separation of sub-groups within a wider population which could be associated primarily with racial groups, ethnicity, religious beliefs or income status (Johnston et al., 1983). 2.3.5 Legislation Factors Value of properties is determine by the importance of properties itself. A person would be subject on buying properties mainly is because subject is aware of the importance of properties to self. The right of property owner to be guarenteed with the enforcement of law. However these rights are controlled by the provisions of the law. This will indirectly or indirectly affect the price of property. Among the legal provisions that affect the property values are restrictions interest and tenure of land. 2.3.5.1 Restriction Interest Restriction interest is bind on right upon the importance which contained in the ownership document. Restriction interest is introduced by state government. There are two types of interest towards ownership right, bumiputra and non-bumiputra. Bumiputra mean person who owned Malaysia citizenship and included in group of original in Malaysia and Malay race. Restriction interest bring meaning where lot from bumiputra only can be exchanged towards another indigenous and not to other. Properties without this restriction can be freely exchange to others. Bumiputera lot suffer less affect from property value comparing to property with no restriction interest. 2.3.5.2 Tenure of Land Tenure of land had been distributed into two categories such as Freehold and Leasehold. Duration for each category are 99 years , 66 years and 20 years. Tenure of land showed that it is importance and owner rights in the property. There are two types of tenure such as Freehold and Leasehold. Freehold means the owner can have their property for whole lifetime. Besides that, leasehold is given limited years to the owner to own the property. Freehold tenure has a higher of value in property. (Norhaya, Dzullkarnian, Ibrahim et.al, 2010). Referring to Kestens et al. (2006) introduce household-level data into hedonic models in order to measure the heterogeneity of implicit prices the previous tenure status of the buyers. 2.4 Conclusion Based on discussion that have been made, clearly shows that there are many factors that affect residential property values in general can be divided as infrastructure facilities, locational factors, physical factors, legislative factors and demographic factors. Each factor contributed to their forming value in the property. Therefore, the research will focus on impacts of planning and development in residential property value. Overseas literature considers that planning also has a significant impact on housing market by affecting locations, neighbourhood, environmental and population growth. Based on discussion that have been made, clearly shows that there are many factors that affect residential property values in general can be divided as infrastructure facilities, locational factors, physical factors, legislative factors and demographic factors. Each factor contributed to their forming value in the property. How do these factors really contribute to Senai development? In order to go international at a fast phase, infrastructure is a must. Therefore, a huge reserve area in Senai is place under infrastructure; ease of excess from factory to the world is the main concern of government. Although named as transit town, but most of the area is not yet under development until federal government decided to expand its potential. With the amount of land and strategic location at south, it can be our second industrial doorway to other country other than Penang. This will evenly distribute industries among north and south of Malaysia. Modern design with end edge technology is the concept for the coming SHTP (Senai High Tech Park), this will be one of the physical attraction for investor.

The Future of the Internet Essay -- Internet Technology Computers Cybe

The Future of the Internet In Today's world of computers, the internet has become part of ones regular vocabulary. The internet is everywhere, in the news, the newspaper, magazines, and entire books are written on it regularly. Its growth rate is incredible, increasing by about 10% every month (Dunkin 180). This rapid growth rate could either help the system or destroy it. The possibilities are endless on what can be done on the internet. People can tap into libraries, tap into weather satellites, download computer programs, talk to other people with related interests, and send electronic mail all across the world (Elmer-Dewitt 62). It is used by thousands of different kinds of people and organizations, like the military, businesses, colleges and universities, and common people with no specific purpose to even use it (Dunkin 180). Phillip Elmer-Dewitt stated it perfectly, â€Å"It is a place for everyone.† The rapid growth of the internet has many positive aspects to it. The new technology that is developing with this rapid growth will help keep computers up to date with what is being developed on the internet. With these technological advances, systems will be faster, more powerful, and capable of doing more complicated tasks. As more people with different interests, thoughts, and ideas get involved with the internet, there will be more information available (Elmer-Dewitt 64). As the number of internet users increases, the prices will gradua...

The Last Dalai Lama? Essay -- Tibet History Dalai Lama Essays

The Last Dalai Lama? The twentieth century is rife with examples of countries being torn apart or experiencing great upheaval. Multi-ethnic Yugoslavia broke apart into several nation states with loose foundations. The Soviet Union collapsed, transforming the area into the Commonwealth of Independent States. Germany split in half as a result of World War II and then reunited over forty years later. One country that has experienced tremendous crisis and upheaval on a scale even greater than these European nations, yet often goes unnoticed, is Tibet. Tibet enjoyed peace and autonomy until 1949 when Chinese Communists invaded the country under the guise of the "Peaceful Liberation." Coveting Tibet’s vast natural resources and strategic location in Central Asia, they sent off innocent civilians and peaceful protesters into prisons and concentration camps, subverted their economic and agricultural system, and ravaged Tibetan culture. As a result of the Chinese invasion, Tenzin Gyatso, the Fourteenth Dalai Lama of Tibet has undertaken roles and responsibilities that no other previous Dalai Lama has attempted. Determined to salvage Tibetan life and culture he fled his palace in Lhasa and instituted the Tibetan Government in Exile in Dharamsala, India. Since his flee into exile Tenzin Gyatso has diligently worked to negotiate peacefully with China and other nations to reclaim his country, institute a working democratic government in India, and promote the survival of Tibetan culture through the establishment of schools, monasteries, and cultural centers. Therefore as a result of the Communist invasion of Tibet and Tenzin Gyatso’s subsequent response to it, the role of the Dalai Lama has irrevocably changed. He has gone from an iso... ...e past half-century. His actions and success as a ruler provide a true example of the application of religion towards politics, and that faith can and does overcome. Works Cited Avedon, John. In Exile in the Land from Snows. New York: Harper Perennial, 1997. Goldstein, Melvyn. "The Dalai Lama’s Dilemma." Foreign Affairs, 77 no. 1, 1998, p. 83 – 98. Mullin, Glenn H. The Fourteen Dalai Lamas: A Sacred Legacy of Reincarnation. Santa Fe: Clear Light Publishers, 2001. Pedersen, Kusumita P. "Tibet: Liberation as Oppression." Cross Currents 38, no.1, 1988, p. 100-102. Pilburn, Sidney, ed. The Dalai Lama: A Policy of Kindness. New York: Snow Lion Publications, 1993. Verhaegen, Ardy. The Dalai Lamas: The Institution and Its History. New Delhi: D.K. Printworld, 2002. Wen, Wang. "Tibet: Change and Development." Beijing Review 44, no. 19, p. 12 – 15.

Development and Growth of Verizon Wireles Essay

Verizon Wireless aspires for manageable development as a wide market leader in wireless services as well as for dominance in major wireless service markets. In both situations, the Verizon Wireless services will have to do critical roles. Verizon Wireless has the capability to establish its dominance in wireless service markets normally through acquisition of other powerful wireless service companies and their services, which are then integrated into a new, bigger organization. Giving training to its workers, enhancing the organizational functions, and the development of fresh innovations then establishes the positions of the different Verizon Wireless services. This logically leads in economies of scale that empowers the company to form a supply network for both the local and global wireless services. If a market is being managed by other grocery stores, Verizon Wireless dedicates its priorities regarding the establishment of a premium sector with its different wireless services. The goal of Verizon Wireless is to sustain the profitability of the company in a manageable way, while at the same time consistently enhancing the organization’s operations. The tactics to attain this includes four aspects:1.Working hard in order to attain a dominant level in powerful wireless service markets2.Emphasizing on getting a great share of the wireless service market sectors. 3.Striving in order to enhance the organization’s efficacy and limit unnecessary expenses in their activities. 4.Consistent development through logical mergers for as long as they are able to establish great shareholder value. In the year 2006, Verizon Wireless was able to experience tremendous improvement in various essential metrics. The inventory was limited from above $50 million down to below $30 million and inventory turns increased from below 15 to more than 25. The expenses of profits, not including the advantage from past miscellaneous expenses and the implemented part of the amortization of untouchable resources, went down from above 70% of earnings to below 70% of earnings. The integration of sales and marketing, research  and technological changes, and general and operational costs was limited from almost $ 400 million down to almost $350 million, while at the same time enhancing on the speed of changes. Verizon Wireless’ total earnings are estimated to have grown from barely reaching $1 million in the late 20th century to almost $ 900 million last year. B. SWOT Analysis of Verizon WirelessStrengths:†¢has wireless technologies and services that have a reputation for gaining a very strong retail. This involves an emphasis for the value of quality, comfort and various range of games and updated wireless technologies and services†¢has expanded tremendously over the past years, and has been in the procedure of growth all over the world. †¢Primary capability relies on the use of information technology (IT) to significantly aid its wireless services and systems. In short, Verizon Wireless can monitor their individual wireless services and their status within the site, or even at other locations. IT also aids Verizon Wireless’ excellent procurement. †¢is able to provide excellent client satisfaction, as the few levels of work would imply lots of time to dedicate to their clients. †¢Its personnel have formulated a powerful legacy within the market. †¢Has the capability to shift direction immediately if its management realizes that their marketing plan is not working properly. †¢has no debts and financial losses. In short the organization can provide excellent wireless technologies and services to clients on a continuous basis. Weaknesses:†¢is one of the biggest organizations in the wireless service industry but has a meager control of its organization, in spite of its advantages in updated wireless technologies. This could result to a decline in profitability in some locations where they have lesser managerial powers. †¢Since Verizon Wireless sells its wireless services and technologies over different markets, the organization does not possess the versatility that some of its recognized rival companies have. †¢Functions al over the world, but its existence can be found in only selected areas all over the world†¢Some of the organization’s less famous locations do not possess market legacy or reputation†¢Some of the organization’s employees do not possess the important wireless service knowledge base in many aspects. †¢Verizon Wireless is still severely hampered to the temporary absences of its employees. †¢The organization’s budget is unstable particularly in the early aspects of a new wireless service product innovation. Opportunities:†¢Taking over, acquisitions, or establishing mergers with other wireless service organizations while prioritizing on powerful markets like North America or Europe. †¢The establishment of new locations and branches provide Verizon Wireless the chances to explore market improvements. This could result to the diversification of the company’s branches. †¢Chances are present for Verizon Wireless to go on with its existing tactic of founding huge extensions all over the globe. †¢Verizon Wireless is continuously growing, with lots of future developments to explore for success. †¢The local personnel of Verizon Wireless are in the process of persuading local wireless service business entities to join them if possible. †¢The rivals of Verizon Wireless may be unable to cope up with the new wireless service innovations particularly the ones that the organization  establishes. Threats:†¢Being a top wireless service organization means that Verizon Wireless is the one to beat in both local and global markets. †¢Being recognized worldwide implies that Verizon Wireless might be immersed to political chaos in the nations where the company has operations. †¢The manufacturing expenses of most wireless services have the chance to decline because of the limited manufacturing costs. Production expenses go down due to the outsourcing to low-cost countries all over the world. This situation could result to fighting in prices, which in turn would lead in the fall of prices in different levels. Tremendous price rivalry must absolutely be classified as a threat. †¢The current changes in wireless service technology which could probably alter the markets might test the organization’s capability to cope up to these developments†¢A slight change in the priority of a huge rival might destroy any market dominance that Verizon Wireless has attained over its existence. This could lead the organization to specialize in quick response but excellent quality wireless services to local companies. This would place intense pressure on the organization’s employees to be knowledgeable with the current developments in wireless services where possible. C. External EnvironmentThe wireless service industry can be found at one of the biggest suburban areas and the most densely populated areas all over the globe. Therefore, this implies that with regards to the territorial elements, Verizon Wireless has been able to properly select an environment or site that may give tremendous potential for the wireless service industry to be come famous. The market segments in America represent Verizon Wireless’ biggest sales and marketing networks which cover local and domestic stores and mass markets. Suppliers represent Verizon Wireless’ second biggest American network and normally sell to both custom and online markets. In Europe and North  America, Verizon Wireless’ market share remains significantly high. It controls more than 50 global stores found all over the world. The organization also utilizes Internet shops as a place to sell its products. This is done through the utilization of Internet advertisements and product discounts. The organization has the power to establish awareness of its products and other technologies through media announcements, international communication initiatives and Verizon Wireless based online services. The organization also makes sure to get opinions from its consumers through consumer studies. The organization then utilizes these opinions to polish its product enhancement initiatives and marketing programs. D. SWOT Analysis EvaluationBased on the SWOT Analysis on Verizon Wireless, budget management is the largest concern for the company. The proper means of using the budget must be carefully analyzed by the company. The study of promoting endeavors has to be done due to the feedback that can inform the organization as to what promotional tools are the correct ones to use. These assessment outcomes can secure Verizon Wireless from wasting its financial resources for the incorrect promotional tools and procedures. Monitoring or assessment involves the application of tools to evaluate promotional appropriateness. The plan can be assessed with regards to the development in sales that is attained at a quarterly and yearly basis. This would immediately connect to the goal of establishing demand and improving sales. Nevertheless, it is essential to put into emphasis that it can be hard to manage for other elements that are likely to bear effects in the market industry, which include the choices of rival companies to improve prices, a change in client likes, or a shift in the entire demand. Luckily, other tools can be utilized to evaluate promotional appropriateness, which connects upon the variance of the marketing goals that have been mentioned earlier. For instance, surveys can be done, which ask regarding the wireless services, identify any development in behaviours regarding the wireless services, and identify whether or not there has been a development in client information or awareness of the wireless services. E. Corporate Level Strategy AnalysisThe primary goal of the corporate level strategy of Verizon Wireless is to guarantee that the company will be recognized in the industry as a business entity that gives excellent wireless services for its target market. Aside from this, Verizon Wireless has the corporate mission to determine the most effective strategy to be utilized in order to transform the wireless service industry into becoming more recognized by the public consumers. Verizon Wireless has four primary corporate strategies:A)Manage its position as one of the primary businesses regarding wireless services. Being the leader of the wireless service industry will propel Verizon Wireless to earn the respect and trust of its customers. Therefore, the organization will have the power to widen its functions through the acquisition of other wireless service organizations. B)Become more financially stable than other wireless service organizations. The raw technologies that are being used in the production of wireless services have to be able to attain excellent standards. If this is achieved, Verizon Wireless will have the capability to become more financially stable as against other rival wireless service organizations. C)Establish an excellent wireless service technology profile, with Verizon Wireless as the global label of flagship; andD)Establishing its freedom. Being a free organization will enable Verizon Wireless to go on with its reputation of excellence in both its wireless services and products by establishing fresh innovations and measures. F. Business Level Strategy AnalysisIn the situation of Verizon Wireless, its business level strategy that it utilizes to propel itself in the wireless service industry involves the utilization of advertisements. To be able to inform the target of the organization regarding the presence of the wireless service industry, Verizon Wireless utilizes media advertising, online and other media and news advertisements. These marketing procedures are supportive to propel Verizon Wireless at the top of the wireless service  industry. Business Level Strategies – PriorityThe primary emphasis of the business level strategy is to enable Verizon Wireless to be recognized in the market. In order to attain this, the utilization of an excellent business plan through an effective business interaction plan is always put into emphasis. In addition, interaction is an essential element of the company. Through excellent communication, Verizon Wireless is able to transfer knowledge and learn from each other’s capabilities and knowledge. In this specific business level strategy of Verizon Wireless, the essential aspect that is given priority is the advertisement and interactive campaign of the company. Normally, advertisement or interactive campaigns of Verizon Wireless are well known as an open sponsorship of given goods, products and any concepts through the utilization of any channels of interaction. In this respect, there are various types of channels that are utilized for advertisements and interactive campaign objectives of Verizon Wireless. Generally, in this IMC perspective, the emphasis is put on advertisement and wireless services promotion. Business Level Strategy – By SegmentThe excellent business level strategy of Verizon Wireless reflects a continuous process and style to all its activities. The business level strategies of the company arrive to signify the new emphasis of its marketing field in incorporating the interactive elements to connect to all of the company’s clients and not just its basic consumers (Levinson, 1998). Aside from this the business level strategy proceeds with the objective of determining and improving the mutual connection of the organization to its clients by giving means to establish relationship with clients through advertisements. The usual consumer market of Verizon Wireless involves international clients and local clients as well. In this way, in order to guarantee that the target market is able to know the presence of Verizon Wireless, the business level strategy utilized by the company is putting priority to each of the target market in both local and global scenes. Quarterly Business Level Strategy- SalesIn this business level strategy, Verizon Wireless implements the marketing procedure in attaining interactions and promotion of the organization and the wireless services that it gives. This business level strategy is implemented quarterly. In performing this, the following interactive media is used:†¢TV, print, and communication mediaSome of the marketing channels that are normally utilized by Verizon Wireless in order to make their wireless services well known are the TV, print, and communication media. In connection with the company, it also utilizes these media channels in order to be recognized by various clients anytime and in any place. AdvertisingA very famous process of promotion used by Verizon Wireless is through advertisements. Advertisements of the company are very expensive but like all marketing plans, it is not classified as a cost but an asset by the company. The expenses for excellent advertisements may be significantly high but the good outcomes are all worth it for Verizon Wireless (Silk, 2006). Advertisement is the right approach for Verizon Wireless for the similar reason of improving awareness and making an impact towards client perceptions. Also, advertisement through media can be felt by larger groups of people all over the world, therefore the information is transferred to a larger part of the target market of Verizon Wireless. Quarterly Business Level Strategy- Public RelationsPublic relations and publicity are different plans established by Verizon Wireless to inform or secure the organization’s reputation or its wireless services. The benefit of this mechanism is that it improves the organization’s reputation and it allows Verizon Wireless to be recognized due to the excellent image than its rivals. In this way, Verizon Wireless often does a publicly connected endeavor every quarter to guarantee that the organization follows its social roles in the site. One of the excellent means to implement this is through sponsorship. The company often sponsors a well-known organization every quarter. G. Structure and Control Systems AnalysisA matrix framework overlays two  company forms in order to exhibit the advantages of both. Some world companies implement a matrix framework that mixes territorial with product teams. The product-based framework enables Verizon Wireless to explore world economies of scale, whereas the territorial framework manages information close to the necessities of each and every nation. The company also possesses degrees of matrix framework, implying that every divisional team of Verizon Wireless has particular roles, but some topics must be decided in unison across all of these teams. Rather than mixing two separate frameworks, some matrix frameworks overlap an operational framework with project groups. Workers at Verizon Wireless are tasked to a cross-operational project group, yet they also belong to an established operational group to which they come back when a project is finished (Cameron, 2004). The matrix framework of Verizon Wireless is implemented through the hiring and recruitment of new workers whose knowledge and work ethics jive with the culture. Verizon Wireless was going into a new market that will recruit a number of highly qualified people from other organizations to support the new initiatives. The matrix framework of Verizon Wireless’ organizational structure may need for getting new workers aboard. This procedure usually happens immediately after the workers are recruited, and may be a means to slowly teach the different functional teams with a new culture. A matrix framework is implemented systematically or informally, probably through training of new workers or through a sequence of interactions to current workers at Verizon Wireless. A matrix framework is helpful in the company and management of shared value mechanisms (Hiatt, 2003). Therefore, culture at Verizon Wireless is shared through obvious or invisible ways and studies indicate that invisible means of interaction seem to be more efficient in altering culture than visible means of interaction and the visible and invisible interaction is depended on to give outside justification for the matrix framework and encourage company workers at Verizon Wireless to adjust to the new company practices and ethics. Nelson (2005) mentions that there are three fundamental procedures of decision-making: the top-down method, the democratic method, and the  subculture method. Top-down or implemented decision-making does not normally happen in the company structure of Verizon Wireless, because their management knows that it normally leads in developments that are hard to manage, even though they may be effortless to tell to the employees. In short, they know that top-down methods may lead in forced compliance from the employees of Verizon Wireless, but in reality they do not totally agree to it. Therefore, Verizon Wireless implements the democratic methods to decision-making which are hard and eat up a lot of time, but the dedication and trust to the development is more effective than an altered work setting which enhances outputs and results of Verizon Wireless. Procedures of assessment of the decision-making structure of Verizon Wireless involves monitoring, evaluating the efficiency, or comparison of basic elements with original aspects identified during the inner company investigation. A development in the major frequency mixed with a dormancy of company efficiency at Verizon Wireless could imply that the major factors were not identified properly. The culture, in short, has developed with low or negative effects on company efficiency. It is clear, nevertheless, that culture can either support or significantly delay a selected tactic and further comprehension of cultural inspirations may be tantamount to entire comprehension of efficient strategic development. H. RecommendationsMajority of the triumphant activities of Verizon Wireless rely tremendously on excellent interpersonal interaction and relationship among the individuals and the entire company. Bounded with a unified objective, the control of developments at Verizon Wireless must be always coordinated with the individuals that will benefit or workers that will immediately feel the impacts. Discussing the objective of development at Verizon Wireless must be always important. Interaction is the highly recommended way that the managers at Verizon Wireless must use. Obtaining the trust of the employees at Verizon Wireless and managing a smooth professional relationship must always be emphasized, because it is always a critical factor to an excellent flow of company functions. But all these will be put to naught if topics and dilemmas brought about by improper governance and added with the misunderstandings between managers and workers  of Verizon Wireless will emerge along the way. Handling the interaction and knowledge that Verizon Wireless utilizes in its everyday functions must be prioritized in the company. Knowledge is the blood stream of the organization on which every worker; employee and manager strive on. It must be utilized in order to attain the needs of the customers of Verizon Wireless. This is the reason why there must be always an appropriate interaction and knowledge management flow within the company. Also, the impact of a development affects workers of Verizon Wireless as well as the company for a long period of time. The necessities and traits must be always taken into consideration in interacting planning and making choices within Verizon Wireless (Rickards, 1999). Direct communication between the management and the workers must be effective enough to provide solutions to problems and potential threats to the employees of Verizon Wireless particularly on the issues and results of the desired development. Interaction between and among the employees and managers of the Verizon Wireless must be always emphasized in order to give a well-operating company function within and outside its limits. WORKS CITED Cameron, E, 2004. Making Sense of Change Management: A Complete Guide to the Models, Tools & Techniques of Organizational Change. Kogan PageHiatt, J, 2003. Change Management. Prosci ResearchLevinson, J, 1998. Guerrilla Marketing: Secrets for Making Big Profits from Your Small Business. Houghton Mifflin; 3rd editionNelson, K, 2005. The Change Management Pocket Guide. Change Guides, LLCRickards, T, 1999. Creativity and the Management of Change. Blackwell Publishing LimitedSilk, A, 2006. What Is Marketing? Harvard Business School Press