Elizabeth Warren, The Country s Leading Financial Policy...

Elizabeth Warren, born Elizabeth Herring, is considered one of the country’s leading financial policy experts. Warren fights for lower and middle class families and works to protect them from large corporations and financial institutions. Originally she attended George Washington University, but she dropped out of college after two years to marry and follow her husband to Texas, where she finished her degree in speech pathology (Biography.com, n.d.). While a mother of three and working as a speech pathologist, she decided to attend Rutgers Law School the day of her eldest daughter’s third birthday. She later graduated and eventually divorced her husband. As a single working mother, she became interested in the economic struggles that the†¦show more content†¦Soon enough, she was recognized by President Obama for her knowledge and for being â€Å"an unparalleled communicator on the imperative consumer protection† (citizen.org, n.d.) and was tasked with constructing the Consumer Financial Protection Bureau. One challenge public managers often face is â€Å"responding in a timely fashion to shifts in priorities† (Lynn Hill, 2016, p. 17). According to the Consumer Financial Protection Bureau (CFTB), after the passing of the Dodd-Frank Wall Street Reform and Consumer Protection Act (n.d.) and after President Obama assumed office, one of the first major duties Warren had was to create an agency that held Wall Street executives and other financial institutions accountable for their actions leading up to the 2008 crisis as well as to â€Å"protect consumers from financial tricks and the traps often hidden away in mor tgages, credit cards, and other financial products† (Warren.senate.gov, n.d.). Warren worked relentlessly to connect with small bankers due to their essential role as the backbone to the U.S. financial system and their disproportionate suffering during the crisis. While the closing of such banks had profoundly negative effects on the small towns where they were located, their demise was also detrimental to the financial system as a whole. One of Warren’s priorities was to reach

Hsc Religion - 1027 Words

HSC STUDIES OF RELIGION ASSESMENT TASK TWO SEBOUH KHATCHADOR CHRISTIANITY Baptism is such an important part of a person’s life. The sacrament of baptism goes back to 200 year old tradition. I will be focusing on community for the sacrament of baptism; there are different views, practices and significance of baptism for the individuals across many Christian churches such as Armenian Orthodox, Roman Catholic Church, and Anglican Church. For Orthodox Christians the significance of the sacrament of baptism is in the entry into the church as members of body of Christ. It is the ‘new birth ‘by which we die to the world, and are raised with Christ to external life. It is through baptism†¦show more content†¦They pray the prayers of the faithful and the Lord’s Prayer. After this has done the priest will give his final blessing to the parents, God parents, baby and also family. The significant symbols that are important for baptism are baptismal font , water , oil , candle and white cloth. For Anglicans Baptism can be a source of great joy for family, friends and priest as well as for the person being baptised. When someone is baptised they are incorporated into the body of Christ, the Church. Coming to know the Lord Jesus Christ in a real relationship through baptism, prayerfully and sincerely entered into, is the only way to a fulfilled and joyful life. In the Anglican Church baptism starts off by gathering hymns, pslam or anthem depending on the priest. After that is done the priest greets the community as respect. The Collect of the day is prayed and other prayers as well. After this the priest talks about the lesson from the scriptures which most often are from the bible , then they will be a presentation and examination of the candidate then the baptismal covenant is prayed to bless the baby towards the end they also pray prayers of thanksgiving and the priest will bless the baby over the water. When the baby is washed with the water the prayers of consecration over oils is prayed after this theShow MoreRelatedDiverse And Linguistically Division ( Cald ) Communities1709 Words   |  7 Pagesthat are represented in Blacktown. Identify types of groups these are and propose the main reasons for the formation. The main culturally and linguistically division (CALD) communities that are represented in Blacktown includes; country of Birth and religion. It is evidential that within each of these sub topics that the community of Blacktown is very diverse and therefore, have a higher rate of differentiation. 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Experiences that have left us demoralized and demotivated Free Essays

This famous quote by Corita Kent has become the philosophy of my life. A philosophy that has been imparted in me by years of experience. A look through the events in life reveals that despite the wonderful moments, there are too some worst flashes that are not worthy any memory. We will write a custom essay sample on Experiences that have left us demoralized and demotivated or any similar topic only for you Order Now Experiences that have left us demoralized and demotivated. These events and experience are the most important in shaping our destinies. The road to success is paved with a rough path and sharp bends. It is in negotiating these sharp coners that we are armed with the necessary skills to overcome future challenges. Life is a learning experience and none of the events in life should be in vain no matter the consequences, each should be a learning opportunity. There is this particular experience that happened some years back in high school that though it left me slightly disturbed, it went a long way in creating an understanding about some of my classmates and also know that not all of us pursue the same goals and when we do, we don’t follow the same pass. Some just want to ride on other people’s back. This experience has helped me understand that we are different, not because of our skin colors or creed, but because of our personalities. It has made me to be wary of some students even here in San Joaquin Delta College. Whereas study group are methods used by instructors to impart leadership and team playing skills in students. Some students unfortunately see it as an opportunity to hide behind numbers and ride on the sweat and hard work of others. I recall one time we had been arbitrary allocated study groups by our grammar teacher. We were supposed to look at the history and the evolution of language. Specifically, we were to focus on English’s language relationship with Latin. Most of us were not familiar with each other and our first meeting was dedicated towards socializing and exchanging contacts. We agreed on our schedule and by plan or default I was selected the group leader. I had never before been in any position of leadership even of such a small number. I had not envisaged the sort of challenges that I was to face, but I believed in myself. You see, I have been brought up in a family that believes in hard work and discipline as the key to success in life. Although I was born in Mexico, I have lived in Stockton California all my life and have seen the fruits of my hard work, as I don’t have to work in college to pay for my school fees. I hence have the whole day to dedicate to my studies. In this study group we had been allocated a task that was to be completed within a certain specific however, there were these two male students, Tom and Harris that failed to turn up for any of the study group. Being the group leader, I took up the responsibility of calling them and urged them to turn up or else I would report to our instructor. They did not heed to my warning and I had to inform my teacher. They were struck off the groups list and had to redo the whole unit. They were not happy about these developments and confronted me one day after classes. I am not a coward but I am not brave either, but there was no way I could fail to stand up for what I believed to be right. I told them off and said I would do it again should we ever be in the same group in future. I could tell that they were angry and spoiling for a fight as I could see Harris clutching his belt. I new then that it would get nasty. They were shouting at me and hurling all manner of racist remarks. However I stood my ground and a small crowd began to develop out of curiosity. Seeing that I would not back off, they went away promising to do all manner of nasty things should we ever meet. They did not get to do it as they were transferred from the school later in the week, however this incident has left me cautious of some of my classmates knowing that some of them can be leaches seeking to survive on other peoples sweat and expect to get away with it. This interaction has gone a head in shaping my study relationships as school and I have to take time in choosing my study partners    How to cite Experiences that have left us demoralized and demotivated, Papers

Key Hindrances to Financial Statement Analysis

Question: Discuss about theKey Hindrances to Financial Statement Analysis. Answer: Introduction Key Hindrances/Limitations to International Financial Statement Analysis Exclusion of Expenses The costs doled out to a section ought to incorporate all costs owing to that fragment from the organization's whole value chain. The value chain comprises of real business works that increase the value of an organization's items and administrations. These capacities, from research and development, fabricating, marketing, distribution, are required to convey an item or administration to the client and create incomes. However just assembling expenses are incorporated into item costs for budgetary reporting purposes, a few organizations deduct just assembling costs from item incomes (Martin Fernando, 2011). Thus, such organizations preclude from their productivity investigation part or all or the "upstream expenses" in the value chain which comprise of research and development and item plan, and "downstream costs" which comprise of marketing, distribution and client administration. However, these non-fabricating expenses are pretty much as key in deciding the item benefit similar to the assembling costs. These upstream and downstream costs, which are normally titled offering, general and regulatory expenses on the revenue articulation, can speak to half or a greater amount of the aggregate expenses of an association. On the off chance that either the upstream or the downstream expenses are overlooked in gainfulness examination, then the item is under-cost and administration may unwillingly create and keep up items that over the long haul result in misfortunes instead of benefits for the organization (Gokul, 2012). Wrongful Allotment of Resources A few organizations designate expenses to fragments utilizing subjective bases, for example, deals dollars or expense of products sold (Pamela Frank, 2012). For instance, under the business dollars approach, expenses are designated to the different sections as per the rate of organization deals produced by every fragment. In the event that a section creates 20% of aggregate organization deals, it would be assigned 20% of the organization's costs as what is coming to it. This same fundamental methodology is taken after if expense of products sold or some other measure is utilized as the assignment base. For this way to deal with be substantial, the allotment base should really drive the overhead cost. On the other hand, if nothing else the allotment base ought to be profoundly associated with the cost driver of the overhead cost. For instance, when deals dollars is utilized as the portion based for costs, it is verifiably expected that costs change in extent to change in complete deals. On the off chance that that is not valid then designated to sections will delude (Thomas et al, 2012). Illogically Separating Ordinary Costs in Various Sections The 3rd business review that prompts twisted fragment expenses is the act of allotting non-traceable expenses to sections. For instance, a few organizations allot the expenses of the corporate home office working to items on section reports. Nevertheless, in a multiproducts organization, no single item is prone to be in charge of any noteworthy measure of this expense. Regardless of the possibility that an item were wiped out completely, there would normally be no critical impact on any of the expenses of the corporate base camp building. Therefore, there is no circumstances and end results connection between the expense of the corporate central station building and the presence of any one item. As a result, any assignment of the expense of the corporate central command working to the items must be discretionary. Normal costs like the expenses of corporate central command building are essential, obviously, to have a working association. The normal routine of subjectively distributing these expenses to sections is frequently advocated in light of the fact that "somebody" needs to "take care of the basic expenses. While it is evidently genuine that the regular costs must be secured, discretionarily allotting basic expenses to portions does not guarantee that this will happen. Truth be told, including an offer of normal expenses to the genuine expenses of a portion make a generally productive section have all the earmarks of being unrewarding. On the off chance that a director incorrectly wipes out the portion, the incomes will be lost, the genuine expenses of a section will be spared, yet the normal expense will, in any case, be there. The net impact will be to decrease the benefit of the organization (William et al, 2011). Conclusions This bending of rules comes about because of three practices the inability to follow costs straightforwardly to particular portion when it is doable to do as such, the utilization of improper bases for apportioning costs, and the designation of normal expenses to fragments. These practices are far reaching. One study found that 60% of the organizations reviewed made no endeavor to allocate expenses to fragments on a circumstance and end results premise. References Gokul S. (2012) Financial Statement Analysis, PHI Learning Pvt. Ltd Martin S. F and Fernando A. (2011) Financial Statement Analysis Workbook: A Practitioner's Guide, John Wiley Sons Pamela P. D and Frank J. F (2012) Analysis of Financial Statements, John Wiley Sons Thomas R. R., Elaine H., Wendy L. and Michael A. B (2012) International Financial Statement Analysis, John Wiley Sons William H. B., Maria C. and Maureen M. (2011) Financial Statement Analysis and the Prediction of Financial Distress, Now Publishers Inc

B2B Report Essay Example

B2B Report Essay EXECUTIVE SUMMARY The report will firstly analyze the external audit of Processed Food Food Service and Confectionery Bakery industries, which consist of two parts – market analysis and customer analysis. From these two parts, the opportunities and threats of the suppliers in these industries, especially DKSH, will be outlined. In the market analysis, business environment, the market and competitors will be examined respectively. Particularly, the opportunities about the increase in demand or a good signal of industrial development will be explained in social factors, economic factors and industry part; these factors will give general information about Vietnam young population and their Western culture receptivity, which will easily increase the demand in such industry. On the other hand, legal factor will threaten DKSH due to the strict requirement in canned food industry that the firm needs to take caution in order to adapt to new regulation; while the economic factors once again strengthen the opportunity from social factors due to the increase in GDP growth and income. However, the inflation rate should also be considered because it could cause the inconstant demand and be difficult to forecast future demand in the future. The market part also gives some general information about the size based on the value of packaged food industry around US$12. billion in 2011 with the prediction of 4. 2% growth rate in next two years, which promises the development of these two clusters in the near future. Secondly, customer analysis is divided into two main features, which are current customers and potential customers. In current customer analysis, the report will give the information about each cluster’s market share of the top companies holding the highest percentage; Masan in sauce market, Acecook in instant noodles market, and Kinh Do in confectionery bakery market. We will write a custom essay sample on B2B Report specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on B2B Report specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on B2B Report specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Then, more details information about these current customers will be examined in term of sales, their expectation such as building up deeper relationship with their multinational suppliers, and difficulty such as high input cost. After that, potential customer part is analyzed based on proposed potential customer list; this part contains some companies regard to Lien Hoa, Hieu Cau Den in processed food; and Huu Nghi and Hai Ha in bakery and confectionery. Especially, some reasons will be given based on the research and analysis about these companies in order to prove that they re ideally potential customers of DKSH. Thirdly, the internal audit is conducted to give the brief idea about the company; DKSH sales structures are activated in product and geographically based, and the strengths of the company about qualified staffed and good value added service are figured out in resources and marketing mix management part. From industry and customer analysis, the SWOT gives the summary of c ompany strengths and weakness; and opportunities and threats in graph illustration form. Next, the marketing plan is proposed in order to give the best fit with the SWOT. The marketing objective that applied SMART approach will aim to increase the demand, brand awareness as well as the way to approach to potential customers with the specific point of time which is from 1st October 2012 to 1st April 2013. Then, the implementation plans relied on marketing mix, including direct marketing, personal selling and sale promotion will be planned specifically. To give more visual prospect about the marketing plan, the marketing program gives detail schedule as an action plan; and finally the performance evaluation will give some idea about how to evaluate the success of this marketing plan. Contents I. Introduction5 II. External Audit6 A. Market Analysis6 1. Business Environment6 2. The Market8 3. Competitors10 B. Customer Analysis11 1. General Information11 2. Current Customers13 3. Potential Customers17 III. Internal Audit23 A. Company Analysis23 1. Sales23 2. Management of marketing mix23 3. Resources23 IV. SWOT25 A. Strengths25 B. Opportunities25 V. Marketing Objectives26 VI. Implementation Plans26 VII. Marketing Program27 A. Direct Marketing27 1. Telephone Marketing27 2. Email Marketing27 B. Personal Selling29 C. Sales Promotion29 D. Action Plan29 VIII. Performance Evaluation31 IX. Conclusion32 X. Appendix33 A. Potential Customer List33 B. Mapping Itinerary37 1. Southern37 2. Northern40 XI. Reference41 * Introduction DKSH is one of leading companies in market expansion services that has been established in 1865 and exist for 150 years in Asia. Thus, Think Asia, Think DKSH is recognized as companys slogan and that could tell how successful DKSH is in Asia. With a strong financial performance that has increased rapidly from 2002 to 2011 that exceed 8. % in net sales, DKSH becomes a strongest successful market leader recently. Obviously, its objectives are to help firms to grow their business in new and existing market by supplying knowledge, advice, relationship to reach each individuals goal, expand companys revenue opportunities and increase their market shares by making sure that their clients products are always visible on the shelves at all times. DKSHs business units are divided into 4 ma in business lines: Food ; Beverage (F;B), Personal Care, Pharmaceuticals and Specialty Chemicals. In fact, this report is going to analyze on 2 small clusters: Confectionary ; Bakery, and Processed Food which included in F;B industry in order to help DKSH to remain on the existing market and expand their business to the new market. To be more specific, integrated marketing communication tools that are direct marketing (telephone ; email), personal selling and sales promotion (trade promotion) will be applied to support push strategy in order to approach to potential customers. External Audit Market Analysis Business Environment Social Factors According to General Statistics Office (2010), Vietnam population in 2010 is around 88 millions with 51. 9% of this figure is younger than 30. Hence, it could become an opportunity for confectionery and processed food markets in increasing demand for consuming these kinds of product due to the receptivity of young population as well as the influence of Western culture. For this reason, suppliers of ingredients for these products can potentially enhance the number of customers as well as their sales in Vietnam market. Legal Factor According to Civil Law Network (2010), the ministry has implemented a new regulation for food safety, and requires all enterprises in food industry to strictly comply with the law of standard safety food. To be more specific, the Government encourages food manufactures in using high quality ingredients and adding more nutrition in their products. Moreover, they also require the manufactures in focusing on managing the supply of ingredients from upstream. Consequently, it could be the threat for food manufacturing companies to manage and have a specialized knowledge about supplied ingredients and their suppliers are expected to invest more in innovating their products in order to meet the regulation and more persuasive for the manufacturing firms to use their products. Furthermore, the regulation for environmental friendly packaging in food service also stricter (Civil Law Network 2010). Thus, it requires food service suppliers to put more effort in investing new or innovating current kinds of packaging that could adapt to environment issues. Economic factors In 2010, Vietnam’s GDP growth rate was 5. 83% (tradingeconomics. com 2012), hence the monthly average income per capital had increased to 39. 4% compared to 2008 and was estimated to be 1,387 thousand VND. As the result, this increase in income have gradually shifted Vietnamese consumers in premium segments such as sweet, ice cream or cakes and consumers also have higher requirements of diverse tastes, food quality, and nutrition for package food and also bakery (Vietnam package food, 2011). It is the good opportunities for supplying companies to catch up with these trends by developing current and new ingredients in respond with these market trends. However, the significant influence of the inflation rate cannot be denied. Based on tradingeconomics. com data, the Vietnam inflation rate in the third quarter in 2011 was around 22. 42% whish was the highest rate in Asia (bbc. co. uk). Hence, the demand in food market had declined in this period; therefore, manufactures can be threatened in forecasting future demand due to some unpredictable economic factors. Consequently, the suppliers are also affected by that because it could be difficult for them to rank the potentiality of their customers in near future. The Market In the report â€Å"Newzealand Trade;Enterprise† (2011), the author states that the value of packaged food industry in Vietnam was approximatelyUS$13. 3 billion in 2011 with the average growth rate at 4. 2% in the next two year. In addition, based on General Statistics Office website (2011), the value of confectionery sales is predicted to increase to US$ 471. 6 million at the end of 2012 and this figure is going to increase more than 10% each year for the next four years. These numbers indicate that there is a very highly potential demand for confectionery and processed food industry. * Competitors Connell Brothers, DKSH and Brenntag have been ranked as top 10 leading chemical distributors in Asia in 2011. Specifically, they all operate in Vietnam and engage in many types of industries such as food ; beverage, pers onal care, specialty chemicals, and pharmaceutical industry. As shown in the graph, it can be seen that DKSH has much less sales as well as power compared to Connell Brothers in the global market in 2011. At the meantime, the sale of DKSH and Brenntag is slightly different. Therefore, DKSH is required to put more efforts to gain its market share globally in order to build further distance with Brenntag and shorten the distance with Connell Brothers. Customer Analysis General Information First of all, the paper is going to show some figures related to market share of some leading firms in Vietnam (2011) for two industries: processed food and bakery. For processed food market, market share of sauce and instant noodles have been displayed; while in bakery industry, confectionery and biscuit market have been demonstrated. Market Share- Processed Food (Source: Euro Monitor International) Sauce market For the diagram above, it shows that Masan owns comparatively larger market share than any other firms in such market. But since the portion of â€Å"others† still has 25% of the marker share, it is believed that some potential customers in this category can be found. Instant noodles market The major key player in this industry is Acecook, with 51% of market share while the other firms are holding less than 20% respectively. The report selects Masan food as an instance to explore knowledge under current customer analysis. Market Share Bakery (Source: Euro Monitor International) Confectionery market Confectionery market is diverse, with many firms hold similar portion of shares. Among them, Kinh Do takes the 1st place in the market, follow by Huu Nghi and Hai Ha. The 2nd and 3rd key players in the market can be the potential customers for DKSH. Further information related will be given below in â€Å"Potential customer†. Biscuit market There are mainly two key players in the market, Kinh Do and Kraft Food, while each of other firms retain from 4~11% as their market share in the biscuit industry. Due to Kinh Do has an outstanding performance on the market share, the report will take it as a specimen in analyzing current customers. Current Customers There are many customers that DKSH is currently having connection with, including both local and foreign firms. The paper will choose one customer from each cluster, Masan Food and Kinh Do, to analysis the position of it through searching on background information, sales performance, and then raise opportunity and threat. Masan Food (Processed food) Mason Food is belonged to Masan Group, a firm that specialized on Techcombank financial services. After years of operation, Mason Food has become leading brand of processed food market in Vietnam, which has dominance on market share in some product categories. The product range includes fish sauce, soy sauce, instant noodles (74%, 78%, 14% of the market respectively) and other kinds of product. Sales Performance (Source: Business Monitor International ) Opportunity Despite Masan Group is established as a local enterprise, it recently decides to build a relationship of acquisition with Nuiphao Mining Joint Venture Company Ltd, becoming one of the largest private sector resources companies (Masan Group Investor Update n,d). Cooperating with local or foreign investment is an opportunity for firm to receive more capital to invest in its operations. Due to DKSH is a multinational firms already, the business is expected to be enrich by cooperating with local firms in other industries to expand the operation range. Threat As a processed food manufacturer, Masan Food faces a problem that sometimes the price for raw materials is fluctuating(Business Monitor International, 2012). For the earning benefit point of view, Masan Food should pass the costs from consumers, but that can threaten the chance of losing customers. To illustrate, the FMCG industry is a price sensitive environment that contains many brands at similar level. If one brand’s price is higher result from increasing costs to reflect its margin, customers can easily choose another brand because the switching cost is low. Volatile input costs can be a threat to the food manufacturer because the manufacturer needs to choose whether to burden itself or to pass on customers. Same story is applicable in DKSH’s case, if the input price has a significant increase, DKSH has to decide whether to bear the costs or compensate from its customers; both decisions are having certain drawbacks needed to be considered. Sales Breakdown (Source: hsc company update) Kinh Do Corporation (Bakery and Confectionery) Kinh Do is a local brand that established in 1993, which is one of the largest food producers in Vietnam nowadays. The core business of the firm is food related products: confectionery (cakes, candies), beverage (water, juice) and dairy products. Kinh Do also involved in some other industries such as real estate and grocery retailing. The brand creates a good image that allows them to gain certain customer awareness and even awarded as top ten of Vietnam’s best brands (Ha 2011). Sales Performance (Source: Business Monitor International) Opportunity As indicated before in the report, health awareness has raised from customers when they purchasing confectionery product. Consequently, higher level of quality is required from food manufacturer in order to satisfy customers. As showed from annual report, Kinh Do provides best materials in manufacturing their products, aim to satisfy its customers in a better extent. Indeed, sellers should be responsible to meet the requirement when there is a concern about product’s specification such as â€Å"health† mentioned above. Without doubt, they can gain more recognition if they can achieve the condition. DKSH is getting involved in this health concerned manufacturing process due to it is one of sellers of Kinh Do. If DKSH can attain the requirement, which it already does, it is expected that the buyers will be satisfied, and they are willing to create more opportunities to corporate with DKSH in the future. Threat Kinh Do depends largely on the domestic market but that makes the company fragile with the fluctuating customer demand (Business Monitor International, 2012). Actually, change in customers’ preference can affect organizational demand in both positive and negative ways, but here it seems more likely to be threat from the view of the Kinh Do. Because local buyers are the main sources of generating sales, if the number of them is not stable, firm’s overall performance will obviously be affected. Likewise, inquiry that DKSH received from food manufacturers is affected by customer’s demand. If the perception of buyers is low, sellers will gain lesser results from the declining demand, and vice versa. Being instable with the demand can be interpreted as the firm is actually dependent by the market trend. In this case, DKSH has no control over the changing demand; therefore it can be a threat. Sales Breakdown (Source: hsc company update) Potential Customers Apart from keeping relationship with current customers, exploring new customers is also important for a business. To give our more precise information, the report lists four potential customers from the two clusters, with background information, product range and reason why it is recommended as being â€Å"potential†. Detail contacts of other potential customers can be founded in appendix. Lien Hoa (Processed food) Lien Hoa was established since 2008, by Thierrty Pham, an industrialist who has more than 15 years’ experience in the industry. The firm operates following European standard to ensure the quality of the products. As mentioned from the official website, Lien Hoa has signed exclusive contract with other brands such as Uni-President and Siam Brothers to be its business partners. Moreover, the products of Lien Hoa are widely distributed with supermarkets like Giant, Metro and Big C (Lien Hoa, 2011). Reason Although the brand is new compares to some other existing sellers in the market, it is expected to grow due to qualified and experienced methodology used by the firm. Furthermore, the brand has shown its ambition to boost the market by cooperating with well-known brands like Uni-President. Product range Hieu Cau Den Sausage (Processed food) It is a sub branch of Black Bride Food from Taiwan. The brand mainly offer traditional Taiwanese dished rice dumplings, meat floss, and some products commonly seen in Vietnam such as sausage and dumplings. The brand is also an importer for some food and beverage from Taiwan. Even though the brand is not as famous as other brands in the existing market, it is quite popular among the Taiwanese because the products fit their taste better. Reason Situation is slightly different compares to dealing with other brands in this case because the brand is not really concentrating on mass market but more likely on niche market, for Taiwanese currently. Becoming the supplier of it creates an opportunity to enhance brand awareness towards foreign consumers. Moreover, the location is in the same district with DKSH, and therefore it will be easier for DKSH to access. Product range Huu Nghi (Bakery and Confectionery) Huu Nghi is known as a noticeable confectionery brand in Vietnam since 1950’s. is having more than 120,000 retailers throughout Vietnam. Similar to other brands in confectionery industry, the brand holds eligible qualifications as criteria to control fabric of the products. The business expands its relation across the nation to many countries: United States, Japan and Singapore. In addition, Huu Nghi also exploits the business to agricultural products such as pepper and corn (Huu Nghi, 2011). Reason The firm pos sesses proficient knowledge in trading with businesses across the country, thus, it is foreseeable that their experience can abound the business prospects. Also, as DKSH is a multi-national enterprise, Huu Nghi can understand the operation or regulations better result from their sophisticate. Product range Hai Ha (Bakery and Confectionery) Hai Ha Confectionery Joint Stock Company (HaiHaCo) has set up for more than 40 years and turns it status from public to private in 2003, aiming to provide qualified products to serve its customers. With advanced technology, Hai Ha can utilize its equipment plus the specialists to maximize its effort to engage in confectionery industry. Consumers of Hai Ha choose it as â€Å"Vietnam high-quality goods† for continuous 13 years (Hai Ha, 2011). Reason Apart from dominant brands like Kinh Do, Bibica and Kraft, Hai Ha ranked as 4th in market share of both confectionery and biscuit sector in Vietnam. It can be a great opportunity if DKSH can work with them as a seller due to Hai Ha’s high portion of sales caused by variety products. Product range Sales performance (Source: hsc company update) Internal Audit Company Analysis Sales DKSH has structured its sales force by product based, in which different sales team will be organized based on business lines. This method has created the strength for sales team as it can offer professional and skillful staffs with deep knowledge about their products. Face to face communication facilitates the interaction with customers by allowing them to question and negotiate directly, and thus lead to the opportunity to build long-term relationship. Additionally, to ensure the effectiveness of sale team, DKSH also divides its sales force based on geography, in which each sales team will be located and responsible for different areas across Vietnam. Management of marketing mix The annual report of DKSH claimed that DKSH will work with its customers to understand their needs, and then provide customized solutions to them. This is indicated that they are achieving cooperation relationship, which integrated into NPD (new product development) and new resolutions. Moreover, in order to strengthen their relationship, DKSH has provided customers the access to knowledge, advice, relationship, and logistics. At the mean time, DKSH ensures that the customers’ products will successfully grasp the right market. This is shown that there is a chance to build long-term collaborative relationships between them. If this relationship remains well, then there will be potential to create long term alliances – to build specialist knowledge or strategic partnerships. Resources Due to the world wide sourcing network in more than 70 markets and the expertise in each cluster, DKSH is very confident in providing any needed ingredients for its customers. Moreover, for highly applicable purpose, research and analysis service can also help customers in creating and developing new or customized product ideas. Obviously, this is also one of DKSH strengths as it helps customers to be able to sustain in their market and differentiate their product offerings over competitors. DKSH has applied SalesForce. com as its own tool to manage sale teams. It allows each individual sales person to organize the new, potential and current customer’s information and the managers then can look at the working process of their inferiors. Moreover, DKSH can also translate all customer data to up date information in timely manner. Another strength of DKSH is that it can efficiently manage its distribution channel. To allocate the channel tasks, the firm needs to achieve four main factors regarding reduce complexity, increase value, transaction efficiency and service quality. DKSH has industry expertise and offer â€Å"comprehensive Market Expansion Services†; therefore the firm can help its customers to reduce the number of separate exchange that they need to take place in order to collect different ingredients that are needed for their production. The firm does not only provide materials to manufactures but it also provides the concepts and formulations that go with these materials. For this reason, understanding what customers expect is one of the necessary key that takes part in DKSH’s success; therefore value is added in each process. Moreover, DKSH offers the whole supply chain management; hence its customers can be beneficial in getting lower operational costs and also in increasing the value. Non-stop in innovating the new sources or materials to meeting customer’s needs for their own application or market trend is one of the advantage that illustrates for DKSH’s good service quality. Furthermore, the organization also have good after sales services such as monitoring of technical staff at customer site, order processing and warranty timely delivery. SWOT Strengths DKSH recruits experienced staff and professions in the field, the prominent knowledge level can be a base for providing stronger technical support. Instead of only supplying for ingredients, DKSH offers formulation description discussion with customers to understand them better for value-added services. With this tradition, DKSH can set up a long term relationship with its customers. DKSH offers â€Å"comprehensive market expansion service†. This benefits customers by reducing the number of exchanging points to go through. Consequently, operating and transaction costs can be lessen. Opportunities Purchasing power of customers in Vietnam is enhanced caused by an increase in GDP; they have better earning to make purchase and thus greater demand of luxury food items can results. It is expected that lifestyle of young population in Vietnam will differ from Generation X, preferring more ready meal like confectionery products and processed food. Hence, a growth in demand is foreseeable. Marketing Objectives Objectives of the marketing plan will be outlined based on SMART approach. Firstly, the new potential customer list which does not include in DKSH’s current customer list helps DKSH to expand its customer database in its internal network regard to salesforce. com. Secondly, the direct marketing such as telephone and email marketing plan will be proposed from 1st October 2012 to 8th March 2013 in order to approach the potential customer list step by step and enhance the brand awareness in both current and potential customers. It will be able to achieve 40% of number of potential customers who are willing to answer through phone call or email. Thirdly, personal selling plan is applied from 15th October 2012 to 31st October 2012 to achieve the remained number of potential customer from above step; hence the sales of the company is estimated to increase by 30%. This plan will be conducted according to the mapping itinerary which helps the sale team easily to visit customer based on the efficient action plan. Finally, sales promotion program is planned as the boom strategy in order to help DKSH easier to create the demand among potential customers that applied in direct marketing and personal selling plan. Implementation Plans The most appropriate B2B marketing communication strategy that should be used to approach to potential customers as well as make them become DKSH’s â€Å"current† customers is push strategy. Specifically, direct marketing, personal selling, and trade promotions will be used by DKSH to make its potential customers aware of its products and create demands, as well as to maintain and strengthen relationships with the current customers. Marketing Program Direct Marketing Telephone Marketing Potential customers In direct marketing, telephone marketing should be used to directly communicate with these potential customers; DKSH should come up with the calling schedule, which indicates the number of sales people and the number of manufacturers (potential customers) need to be contacted in each region in one day. To illustrate, there are around 60 potential customers founded by the research team; DKSH can assign its sales people to make the call to 10 manufacturers in one day. This means DKSH will reach all 60 manufacturers within 6 days. In order to save customers’ time and the company’s costs, the sales persons should not introduce too much about DKSH’s history and its achievements via telephone. Instead, they should go straight to the core information such as types of products or ingredients that the customer needs, the price, and what DKSH can do for them. Moreover, the good point of this strategy is that it offers two-way communication and thus allows customers to question directly. For this reason, it is very important for DKSH to assign skillful spoken sales people to this project. Current customers In addition, it is also important to schedule the calls to current customers in order to inform them about DKSH’s new products or ingredients, promotions, as well as to remain relationships with them. To illustrate, DKSH now has totally 105 current customers for food ; bakery cluster; assume that it will call to 10 customers in 1 day, so it will finish calling to all 105 customers within 11 days. It is recommended that DKSH should make this calling schedule every six months; at the beginning of each month for the current customers in order to keep frequent contact with them to update their latest situation and their new demands. Email Marketing Potential customers As mentioned above, telephone marketing is used for the purpose of reaching potential customers by going straight to the core issue and providing them the core information. Therefore, other general information such as company’s background, history, achievements, number of skillful staff and techniques, and types of business lines will not be discussed in detail via telephone marketing. For this reason, it will be a good idea to email this information to DKSH’s potential customers so that they can have a clearer sight about DKSH. It is recommended that DKSH should email to the potential customers that it cannot successfully reach in telephone marketing for once a month to remind them and make them aware of DKSH products; it should do this at the beginning of each month. Current customers In telephone marketing, the sales people will inform the current customers about new products or ingredients, and the promotions. Then, in the email marketing, these sales people will email to the customers the related information in detail, such as the price table that indicates the price of each type of new product. Obviously, this tool is faster and incurs lower costs compared to other tools. Moreover, it tends to be more convenient to the customers compared to the telephone marketing. To illustrate, some contacted customers are so busy that they cannot listen too much what DKSH sales people want to tell them. In this case, email will be a better choice. As mentioned above, DKSH should make calling to the current customers every 6 months to frequently update their new demands. Simultaneously, DKSH should also try to come up with new products every 6 months to help its current customers to sustain in the competitive market as well as to retain them. Then, the sales people will email this related information in details to these customers; also do this for every 6 months, and at the beginning of each month. Personal Selling In personal selling, sales representatives of DKSH will be assigned face-to-face to these potential manufacturers in each region; these manufacturers (potential customers) are those that DKSH cannot catch in direct marketing. The number of sales representatives will be decided relying on the number of manufacturers

Uniform High essays

Uniform High essays One thing that high-schoolers are common for is being very open and opinionated about the clothes that they were on an everyday basis. High-schoolers have often stated the cliche about how their clothing expresses their individuality and personality. However, many private high schools have a very strict policy on the issue of expressing personality through clothing. The benefits of that policy include higher self-esteem for students, an overall cleaner appearance in the student body, and a solution to the everlasting problem of teenagers: finding something to wear every morning. Students, not just the ones attending private schools, but at all schools, should be required to wear a moderate form of a uniform. A well-known issue of todays society is that many teenagers suffer from lack of self-esteem. Often at times, the taunting and mockery of fellow peers cause this decline in self-worth. The ridicules of students can form from any part of an individual that does not meet the standards of the idealistic teenager that young people often refer to. For example, a student may wear an article of clothing that may appear attractive to him/herself, but to his/her fellow students, the clothing is not what they call cool. Therefore, the student is picked on and shunned by the rest of his/her peers and his/her self-esteem is deflated. The solution to this specific problem is to create a regulatory uniform system for all students. This solution will help to solve many self-worth issues by making each student wear the same clothing and not be made fun of for his or her choice of clothes. Students wearing uniforms tend to look clean, orderly, and sharp. The clothing of today may be called by some as trashy or dirty, but with uniforms, students will look more appropriate for the classroom and look much more adult-like. Also, many of the articles of clothing of today have foul messages or pictures on ...

Personal development plan Essay Example | Topics and Well Written Essays - 1750 words

Personal development plan - Essay Example Part 1 This is what I call the Records part. It deals with my curriculum vitae including educational qualifications, experience, specific training etc and my likes and dislikes. I will round off the section with a SWOT analysis of my-self. Part 2 This is the Analysis part. I will reflect upon and analyze some of my experiences to ascertain the best strategy for me to further develop my personality. This Section is based mainly on a number of theories. Just for future reference I have listed the crux of few of these theories which I have used in my analysis. PART 1 - RECORD Curriculum Vitae Personal Details HAIDER KAMAL Address 7 / A, Fleetwood Street, Macintosh Towers, London Date of Birth 27 February 1983 Nationality British e-mail address hk@hotmail.com Mobile Number 0638 12345678 Marital Status Single Home telephone 44.171.5678900 Personal Profile Key Skills Working under pressure to meet short deadlines Adapting quickly and effectively to changing circumstances and objectives Working independently or as part of a project team Career Profile Employer Appointment Duration Role Mavis & Deacon HR Consultants Section Supervisor Jan 2004 - May 2005 Assist manager in survey of client company J&J Pharma Ltd Assistant to Deputy HR Manager Jun 2005 - Jan 2007 All aspects of day to day working Academic Achievements Course Institution Result Year MBA (HRM) Greenwich Management School Ongoing 2007 BS (HRM) " 1st Class 2004 A Level St. John's College 4 A's ; 4 B's 2001 O Level " 5 A's ; 3 B's 1999 Interests Field sports like football, hockey, and cricket. Reading history, especially ancient Greek history. Music, movies and swimming. Training Received I attended a number of work-shops during my tenure at J&J.... To excel in what one does and to be better at it than others is the cherished desire of all persons. However, the measure of success depends upon the effort one puts in to constantly develop and improve his / her skills and personality. Stephen R Covey in his book Seven Habits of Highly Effective People suggests that to start the process of self improvement one should write down how he or she would like to be remembered after their death and then work to achieve that ideal. Meyer – Briggs Type Indicator ( MBTI ) is a personality test designed to identify significant personal preferences. Katharine Cook Briggs and her daughter Isabel Briggs Myers developed the Indicator during World War II, and its criteria follow from Carl Jung's theories in his work Psychological Types. According to Myers-Briggs Theory, while types and traits are both inborn, traits can be improved akin to skills, whereas types, if supported by a healthy environment, naturally differentiate over time. The ind icator attempts to tell the order in which this occurs in each person, and it is that information that the complete descriptions are based on. The indicator is like an arrow which attempts to point in the direction of the proper description. To learn about one's inborn traits is to create the opportunity to improve how one applies them in different contexts. In that sense, the MBTI can yield much personal change and growth.The main sorts of MBTI are known as Dichotomies.

Marketing Assignment Example | Topics and Well Written Essays - 500 words - 6

Marketing - Assignment Example Business goods can be distributed in the following manner: producer to consumer; producer to agent to consumer; producer to distributor to consumer; producer to agent to distributor to consumer. Finally, services, because of its nature can only be distributed either directly to consumers or through an agent. Decisions as to which path to take must take into account, among others, the resources available, the market itself whether local or foreign, the price of the goods, and geographical feasibility. Avon and Tupperware, for example, sells its products directly to consumers whilst Procter and Gamble sells through retailers like supermarkets. Insurance and travel industries sell through agents. Producers must also take into account factors such as the most effective distribution channel, the most appropriate level of distribution intensity and degree of channel integration. In the first, considerations such as buyers’ expectations, geographical location and clustering of target consumers, producers’ resources, nature of the goods, and the channels that are being used by competitors are taken into consideration. The second consideration involves the number of channels to be used per area, which may be intensive, selective or exclusive, and should be dependent on the resources of the producer, the image it wants to project and its main priorities. Tyrell Potato Chips, for example, sells only to specialist retailers that gives it an upmarket image and allows it to gain a 35% profit margins not duplicated by its competitors. Finally, the third consideration will depend on how much the producer wants to get involved in the distribution and sales of the goods. It c an opt to choose the conventional methods, franchising such as the practice of McDonald’s, Starbucks, Body Shop and Benetton, or to go all the way by buying all channels involved to

Design and Facilities in Curry Leaf Restaurant is the United Kingdoms Assignment

Design and Facilities in Curry Leaf Restaurant is the United Kingdoms Finest Indian Restaurant - Assignment Example These project a beautiful inner view that attracts both locals and visitors making Curry Leaf restaurant the preferred place by many. The restaurant has a main objective of making sure that, it provides not only Indian cuisine but also an Indian environment for its customers. Therefore, the restaurant management has come up with two concepts on how to go about realizing this goal. The first one is that the management proposed to establish an Indian garden with an Indian touch. The management had in mind a place that gives its Indian customers and all its customers a pleasant interaction with the garden’s natural beauty. A garden is referred to as a place to grow the plant and exhibit a variety of plants for ornamental purpose or practical use. However, since the restaurant is located in town and space is limited, a good layout plan is needed to realize a natural Indian garden look. For instance, to come up with a house a professional architect is needed the same case with a garden. In order to realize satisfactory results from a garden, the garden should be designed carefully considering its permanent and se mi-permanent features (Miller et al, 2012). An Indian garden combines the aesthetic Indian beauty, artistry from India and knowledge on growth and development of plants as well as principles of garden maintenance practices. May it be arranging trees, climber, shrubs, or any other flowers, a design is relevant. This is because designs outline the character of an object or a place in serving its sole purpose. The design may either be aesthetic of economic in such a way it attracts only for a purpose (Miller et al, 2012). Therefore, there are a number of fundamental factors to consider. The first one is that the garden layout should be convenient and comfortable to the owner. The second one is that the design should be simple and selective. For example, in this case, the garden is an Indian garden; therefore, the design should be simple where even an American Indian will recognize the Indian touch at a glance.

Relationship Between Teacher And Students

Relationship Between Teacher And Students Similarly according to Moloi et al. (as cited in Mtika Gates, 2010), group work is one of the strategies that can be useful in student-centered approaches. It does not only help students to discuss and share ideas with each other, but it also helps to improve students understanding of some concepts and develop their communication skills. In the student-centered classroom, the teacher has to think of students needs and the classroom is considered as a place where students work together, in groups and as individuals by encouraging them to take part in the learning process all the time (Jones, 2007). In the student-centered classroom, the teacher should know about their students background. Teachers should consider what they may know or do not know about their students because it helps to create the classroom conditions that are responsive to the learning needs of the students (Hodson, 2002). Furthermore, in social constructivist classrooms the relationship between teacher and students are much more dynamically involved, so that the teachers role is much more demanding to allow and actively promote recognition, evaluation, and reconstruction (Gunstone and Northfield as cited in Hand et al., 1997).   Ã‚  Ã‚  Ã‚  Ã‚   The size for effective student-centered classrooms can be organized into large group (class with 25-30 students), medium size (5-8 students), small group (3-5 students), pair group (2 students) and a teacher and a student (only in special condition) (MoEYS, 2002a). Furthermore, classroom arrangements, especially classroom space and resources like chairs and tables for large group activities are also important because appropriate resources helps to support the effectiveness and efficiency of instruction to the students. 2. 4 Definition of the Student-Centered Approaches to Learning   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The terms student-centered approaches  and learner-centered approaches  to learning are the same and whilst some articles used the term student-centered approaches and other articles used the term learner-centered approaches, the two terms were used interchangeably. Both terms focus on the needs of students who as learners are actively involved in the learning process (Utecht, 2003). The term student-centered approaches is used in this study because this term is formally applied in Cambodian curriculum and ministry educational literature. Moreover, the student-centered approaches are broader for example, a student can be defined as learner, but a learner may not be defined as student. For example, a man wants to know about the educational law in Cambodia, so the man can go to library or search in the MoEYS website to read and learn about the law. The man therefore is not a student, but he is a learner.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The student-centered approaches to learning are defined as teaching methodologies associated with an approach to learning where students are the main characters in the learning process, and actively learn in a socially interactive way (Brush Saye, 2000). The student-centered approaches are designed to assist students to learn best from meaningful life experiences, social interactions, and scientific experimentation (Pedersen Liu, 2003).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The student-centered approaches to learning focus on individual students needs and growth, because these approaches are intended to develop the potential of every individual student and encourage their personal growth and interests (Morris, 1996). The student-centered approaches are also considered effective alternatives to the traditional teacher-centered approaches. Similarly according to Courtney (2008), it looks very different from the traditional didactic teaching methods that are widely applied in Cambodia. These traditional teaching methods depend on the direct instruction of the teacher and verbal and written repetition with little emphasis on understanding but strong emphasis on memory and recall. Kember (as cited in ONeill McMahon, 2005) and Hirumi (2002) stated the student-centered approaches are in contrast to the traditional teacher-centered approaches. In the teacher-centered approaches, teachers are at the center of the learning and teaching p rocess and provide instruction to students; the students are the empty vessels into which the teacher pours their knowledge. This view contrasts sharply to that of constructivist theory where we see that students are central to the learning process, they are not viewed as empty vessels but rather actively participate in making knowledge by thinking and solving problems for themselves, and developing their self-esteem that is essential for learning and decision-making throughout life (American Psychological Association, 1993; Hirumi, 2002; MoEYS, 2005).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The core principle of the student-centered learning approaches is that students have different abilities, needs, and interests for how they learn, and they construct knowledge and meaning and learn in different ways (Brady, 2006; Murdoch Wilson, 2008; Hirumi, 2002). The American Psychological Association (1993) stated that students have various capabilities and interests for learning. Individuals are born with and develop unique capabilities and talents and have acquired through learning and social acculturation different preferences for how they like to learn and the pace at which they learn (American Psychological Association, 1993, p. 9). According to Meyer Jones (as cited in Hirumi, 2002), in the class students talk, listen, write, read, and reflect on content, ideas, issues, and concerns in order to construct their own meaning. In student-centered environments, learners are given direct access to the knowledge-base and work individually and in small gr oups to solve authentic problems (Hirumi, 2002, p. 506). Similarly, according to Jones (2007), a student-centered class is a place where students needs are considered, as a group and as individuals, and students are encouraged to participate in the learning process all the time. At different times, students may work alone, in pairs, or in groups.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   As a theory of epistemology, constructivism proposes that students bring their existing experiences and beliefs, as well as world views and their cultural histories, into the learning process when they internally build knowledge by interacting with the environment (Yilmaz, 2008). Constructivism is considered as a process that students actively construct their knowledge upon knowledge that they already have (Motschnig-Pitrik Holzinger, 2002). Social constructivist, Vygotsky believed that learning is a social process in which learners developed understanding through interaction with the environment around them (Brush Saye, 2000, p. 5). According to Jonassen; Duffy Jonassen (as cited in Brush Saye, 2000), the need for more student-centered learning activities have been promoted by the supporters of the constructivist epistemology of learning.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In short, the key characteristics of the student-centered approaches to learning emphasize students  prior knowledge and experience, developing Bloom Taxonomy thinking skills, especially critical thinking and problem solving, exploring individual learning needs and interests, promoting active student involvement, and developing motivation for life-long learning (American Psychological Association, 1993; Brush Saye, 2000; Hirumi, 2002; Mtika Gates, 2010). However, there is no single strategy that helps students to have effective learning all the time and there is no teaching strategy that is better than others in every circumstance. Each teaching strategy has its strength and weakness, so teachers need to make decisions and chose teaching strategies that help their students to achieve the learning outcomes (Killen, 2003). Similarly according to Hab Em (2003), to choose and effectively apply a teaching strategy the teacher has to judge many times because s electing an appropriate teaching strategy is based on the decision whether we provide knowledge to students through direct instruction (teacher-centered approaches) or indirect facilitation (student-centered approaches). 2. 5 Student-Centered Learning as Adopted by the Cambodian Ministry of Education   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2.5.1 Vision of learning and teaching   Ã‚  Ã‚  Ã‚  Ã‚     Learning has many styles such as learning by seeing, listening, writing, reading, watching television, self-experiment, practice, thinking, playing games, study tour and so on. These styles of learning provide knowledge to the learners. However different learning can have different result. Learners may produce different learning outcomes with a different learning style to another student (MoEYS, 2002b). For example, those who learn by listening will forget all or remember a little after several days. Those who just stand and see people swimming cannot swim, but if they learn to swim themselves, they can swim effectively. People therefore can do something when they involve themselves. According to Confucianism, it is believed that If you tell me, I will forget. If you show me, I may remember. But if you involve me, I can do and understand (MoEYS, 2008).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The Cambodian governments vision of the purposes for learning and teaching roles has gradually changed between societies and from one a period of time to another (MoEYS, 2002a). Previous teaching methods considered effective and appropriate was when teachers were considered to be the knowledge providers. Teachers provided knowledge and told students, and students listened to teachers and followed teachers without developing their own ideas or understanding. In this context teachers had the power because they had the knowledge that students needed to be able to progress through the education system. This vision was later officially abandoned because the learning outcomes were considered unsuitable to both the needs of the country for skilled thinkers and they compared poorly to the wider international educational context.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   In the following period, another new teaching method was integrated called question and answer method. The teacher raised questions and the students answered. This method was adopted in the belief that it would bring better results for students. The question and answer method was later changed and reformed to what was known as the active method because this method required much relationship between teacher and students. For the last vision, it was believed that creation only relationship between teacher and students was not enough. To have better result for students, relationship between students and students must be created in the teaching and learning process. Teachers have to prepare students to work in groups, so students can exchange their ideas, work cooperatively, and help each other in learning. This last vision is a very important part of student-centered approaches (Hab Em, 2003; Inspector, 2002; Ung, 2008). These approaches to learning and teachin g shifted the power reposition of the teacher from one who held all the knowledge to a more equal one where teachers partner with, sometimes lead, their students into new understanding and knowledge.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   2.5.2 Principle and theory   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Theories that are applied and relevant to teaching and learning in the current Cambodian school system are: Learning is creating new knowledge Learning is exchanging experience (Inspector, 2002)   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The theories of learning above are also clearly identifiable as concepts of constructivism. Although constructivism is not a theory of learning, the principles have been applied by many educators in teaching and learning, especially, but not only, in science education (Han et al., 1997; Yilmaz, 2008). Constructivism emphasizes that knowledge and meaning are constructed by the human mind; in effect learners create links between their existing knowledge and new experience and make new knowledge structures and meaning (Yilmaz, 2008).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The role of teachers and students are changed by the adoption of the student-centered approaches to learning. Students are given greater responsibility for their learning and the teachers roles change where they become more coordinators or facilitators of the learning experiences. Students are encouraged to explore the knowledge by themselves and with other learners and the teachers help the learning process by showing students paths of knowledge. In this new role in the classroom, the teachers become part of the learning process and acts as a guide and a resource for the students (Utecht, 2003). Furthermore, the importance of school is to provide multiple opportunities to students to create knowledge and understanding by themselves through research, real experience and solving problems.

A Close Reading of Ragged Dick :: Ragged Dick Essays

A Close Reading of Ragged Dick There were no houses of good appearance near it, buildings being limited mainly to rude temporary huts used by workmen who were employed in improving it. The time will undoubtedly come when the Park will be surrounded by elegant residences, and compare favorably in this respect with the most attractive city in the world. But at the time when Frank and Dick visited it, not much could be said in favor of either the Park or its neighborhood. "If this is Central Park," said Frank, who naturally felt disappointed, "I don't think much of it. My father's got a large pasture that is much nicer." "It'll look better some time," said Dick. "There ain't much to see now but rocks. We will take a walk over it if you want to." "No," said Frank, "I've seen as much of it as I want to. Besides, I feel tired." (p. 48) In this passage from Ragged Dick, Horatio Alger employs the ongoing construction of Central Park as a metaphor for the transformation of Ragged Dick into the esteemed Richard Hunter, Esquire. The narrator informs the reader at the outset of this passage that when Dick and Frank are visiting the Park during its construction, there are "no houses of good appearance near it"; significantly, the buildings that are there are only "temporary." Central Park, like Ragged Dick, is simply a work-in-progress. Although externally it may appear rough and unpolished, as both the Park and Dick do to Frank, this situation is only transitory. Through diligent and honest work for Dick and "workmen" for the Park, a revolution will be completed, culminating in a respectable and elegant final product. The fact that Alger utilizes the word "undoubtedly" informs the reader that for both Dick and Central Park, self-improvement will assuredly be achieved through demanding effort, and this is designed to provide incentives and hope for the young reader. The passage also illuminates a dichotomy in Dick's and Frank's perception of the world.

Comparison Of Smes Between China And German Economics Essay

Nowadays the universe economic system has entered the epoch of planetary competition. Economic competition is far more intense than any old historical period, and its strength is turning really fast, so many SMEs face a crisis and a bad state of affairs. The Nobel Laureate in economic sciences, Stiglitz ( cite? ) pointed out that the current globalisation procedure is driven by the involvement of international companies, and it has exacerbated the inequality in the universe. When foreign endeavors enter one state, they frequently destroy local rivals and crush down the aspirations of local SMEs to develop their national industry. Chinese SMEs have 95 % of the entire figure of the national endeavors, and over 3/4 of the urban employed population working in SMEs. Statisticss besides show that SMEs in China are the most dynamic portion of its economic, involve about 65 % of the patented engineering, and more than 75 % of the engineering invention. 80 % of new merchandises are developed by SMEs. Big concern besides comes from the development of SMEs. There is no uncertainty the hereafter of China ‘s economic system to a greater extent dependant on the development of SMEs. Stiglitz besides pointed out that unemployment is more harmful than waste of resources, it is likely to destruct the full market economic system ( mention! ) , while the engine of making new occupations is SMEs. So, how can SMEs to cover with the challenges of globalisation? Possibly the German companies can supply us with the best illustration. The German professor of direction, Herman Simon started to analyze the German endeavors because he was asked such a hard job when he sing Harvard Business School: Germany ‘s top 500 endeavors, in the universe ranking public presentation, are non outstanding, so how can Germany go the universe top exporter for such a long clip, and how did Germany go a universe economic heavyweight. The ten old ages of research findings surprised him.The original German exporters every bit good as the pillar of the economic system is non those familiar companies like Siemens, Bayer, Mercedes-Benz, and so on, but some unknown SMEs such as Brita, Hauni, and Xilabulan. They focus on a peculiar industry, but far more in front in the international market than any other concern, such as production of Brita H2O filters which now have 85 % of the universe market. Most of these SMEs are non familiar to media and public, but they are the true title-holder exporters. There are 100s of those stealth title-holder companies in Germany. Do non believe that they are now little size concerns. For illustration, in the production of tropical fish provender, the Tetra company owns 60 % of the planetary market portion, .Although this is a niche merchandise, it has a turnover of 6 billion USD, and Tetra have wholly-owned subordinates in more than 100 states in the universe. The ground why these SMEs in Germany are little-known to people, is that they are largely non able and non willing to pass 1000000s in self-promotion, or they even intentionally avoid contact with the media in order to avoid excessively many trouble because it might increase the figure of rivals and impersonators. In drumhead, for the developing Chinese SMEs, by comparing the endeavors criterion, direction public presentation, fiscal intermediation and societal services, we should be able to sum up the differences between the two states and seek to derive experience for China.Methodology:Will utilize the methodological analysis of comparative surveies, statistic analyzing, inductive logic.Research inquiry:Differences of endeavors standard, direction public presentation, fiscal intermediation and societal services between China and German.a†¦ . Enterprises standard comparative survey between China and Germany.Standard of the Germans SMEs At present, the popular criterions for SMEs in Germany are the new commissariats for SMEs criterion introduced by the SME Research Center in Bonn and the European Union in 2003. The consequence of Standard Research from SME Research Center in Bonn is shown in Table 1 Table 1 The SME criterion of Germany and the European Uniona‘? Firm size Employees ( No. of individual ) Gross saless per twelvemonth ( 10,000 of EURO ) Firm size Employees ( No. of individual ) Gross saless per twelvemonth ( 10,000 of EURO ) Assetss ( 10,000 of EURO ) Micro & lt ; 9 & lt ; 200 & lt ; 200 Small a†°Ã‚ ¤9 & lt ; 100 Small 10~49 & lt ; 1000 & lt ; 1000 Medium 100~499 100~5000 Medium 50~249 & lt ; 5000 & lt ; 4300 Large a†°?500 a†°?5000 SMEs a†°Ã‚ ¤250 a†°Ã‚ ¤5000 a†°Ã‚ ¤4300 Standard of the Chinese SMEsa‘ µ Chinese SME criterion is introduced by the National Development and Reform Commission Ministry of Finance, National Bureau of Statistics survey in 2003 formulated the â€Å" Probationary Regulations on Standards for SMEs † , such as shown in table 2. Table 2 The SME criterion of chinaa‘ µ Industries Firm size Employees ( No. of individual ) Gross saless per twelvemonth ( 10,000 of RMB/EURO ) Assetss ( 10,000 of RMB/EURO ) Industry Small & lt ; 300 & lt ; 3000/290 & lt ; 4000/387 Medium 300~2000 3000~30000/290~2900 4000~40000/387~3868 Construction Small & lt ; 600 & lt ; 3000/290 & lt ; 4000/387 Medium 600~3000 3000~30000/290~2900 Wholesaling Small & lt ; 100 & lt ; 3000/290 Medium 100~200 3000~30000/290~2900 Retail trade Small & lt ; 100 & lt ; 1000/97 Medium 100~500 1000~15000/97~1451 Transportation system Small & lt ; 500 & lt ; 3000/290 Medium 500~3000 3000~30000/290~2900 Postal services Small & lt ; 400 & lt ; 3000/290 Medium 400~1000 3000~30000/290~2900 Hotel & A ; providing Small & lt ; 400 & lt ; 3000/290 Medium 400~800 3000~15000/290~1541 3. Decision In drumhead, by comparing of the SMEs criterion between China and German can pull the undermentioned decisions: First, the SMEs criterion of China is different from Germany, except the criterion of figure of employees, with entire assets and gross revenues of three commonly are utilizing international indexs, industry indexs as standards for categorization of endeavors with Chinese features. In the standard demands of the seven industries, the primary industry and third industry is non included. The major difference between different industries is the figure of employees.a†¦? . Business direction public presentation comparing between China and Germany1. Business public presentation of Germany SMEs At the terminal of 2005, the figure of SMEs is 99.7 % a‘ ¶of entire figure of endeavors in Germany has reached 33.8 million of gross revenues, in the terminal of 2004 micro-enterprises ( less than nine workers and gross revenues in 2 million euros or less ) ocuppy 81 % of SMEs, making 18.2 % of entire employment. By the terminal of 2005 the gross revenues of German SMEs achieved 39.1 % of entire, supplying 70.9 % of employment ; by the terminal 2004 the added value created 46.7 % , 51.5 % of investings, exports of 66.4 % .The development of SMEs in Germany has a clear difference between parts and industries. There is a rapid develop of west Germany SMEs. German SMEs has an absolute advantage in the agribusiness, forestry and piscaries, building, adjustment and catering industry. Among them, little and average endeavors occupy 94 % of all agricultural endeavors, 85 % of all building endeavors, adjustment and catering industry, 89 % , services 60 % .a‘ ¶ 2. Business public presentation of Chinese SMEs Since 1997, SMEs have been turning quickly in China after authorities declared that the private sector is an of import portion for the state ‘s economic development. The figure of Small and medium endeavors in late 2006 range 42 million, busying more than 99 % of the entire figure of enterprisesa‘ · . At the terminal of 2002 the figure of Micro-enterprises ( less than nine workers ) reached 23.5 million, busying 56 % of the full little and average endeavors. Among them, micro-enterprises create 26.8 % of employment for entire registered labora‘? . During the tenth five-years plan period, little and average industrial endeavors reached about 28 % mean one-year growing rate of value-added, created 60 % of concluding goods and services and about 50 % of taxa‘ · . SMEs have become the chief channel for spread outing employment, supplying more than 75 % of urban occupations, and more than 80 % of discharged workers were re-employed in little and average endeavo rs, the bulk of migratory workers are working in little and average endeavors. A group of powerful SMEs explore the international market really actively. The information from the Ministry of Commerce shown that by the terminal of 2005, there is 88 % of endeavors investing is SMES in Africa a‘? . Chinese SME occupied 68 % of exports in late 2005 a‘? . The development of SMEs in China is besides evidently differences differences between parts and industries. SMEs are located in the eastern part, particularly the southeasterly coastal countries of Zhejiang, Jiangsu, Guangdong, Shandong, Shanghai and Beijing a‘? . Harmonizing to information provided by â€Å" China ‘s Economic Development Index for SMEs † , the fastest improving industry is the power, gas and H2O production and supply sectors and the index of bettering is 66.76 % ; The second is the building industry, for 66.09 % ; and 3rd is information transmittal, computing machine services and package industry, which is 65.92 % ; and the last is the fabrication sector with 63.22 % . In 1993, the norm registered capital of little and average endeavors is RMB 286,000, in 1995 is RMB 40 million, in 2002 it grow to RMB 2.5 million a‘ » . Because the deficiency of statistical informations for Chinese SMEs bankruptcy rate, there is a unsmooth estimation, bankruptcy rate of Chinese SMEs after the constitution in 3 to 5 old ages is every bit high as 50 % a‘ » . Because deficiency of statistical informations of Chinese SMEs bankruptcy rate. A unsmooth estimation, bankruptcy rate of Chinese SMEs after the constitution in 3 to 5 old ages is every bit high as 50 % a‘ » . 3. Decision In drumhead, through the comparative of little and average endeavors runing public presentation survey between China and Germany, the undermentioned decisions can be drawn. First, whether in the underdeveloped China, or in the developed Germany, little and average endeavors played a prima function in economic development, with the addition exports and make the new occupations. It stabilizes and be the hardcore for economic development and societal development. However, due to the particular background of China ‘s passage economic system, the SME absorb a big figure of discharged workers and excess rural labour force who fired by the state-owned endeavors. Regional is the 2nd ground for the differences between the development of SMEs in both states. The chief difference in Germany is because it divided into East and West. In China, it is because of the coastal countries and inland countries. Therefore, the development of little and average endeavors and regional degrees of economic development are closely linked. Third, due to the lower capital ratio, Chinese and German SMEs both have a high rate of bankruptcy.a†¦? . A Comparative Study of Chinese and German SME fiscal intermediation1. German SME funding The chief resource for SMEs loaning is from sedimentation Bankss, which is about 44.8 % within the entire loans, 20.3 % from the co-operative Bankss, 20.2 % from the private Bankss ( Deutsche Bank, Commerzbank, Dresdner Bank and Postbank ) . This proportion of loaning does non alter much in the market portion for a long clip already. There is a direct relationship for the application of bank loans between the successful and the direction of the house. If the gross revenues are less than 100 1000000s euro, the rejection rate for the application of loans reaches 34.7 % . However, if the gross revenues are over 5000 million euro, the rejection rate is merely about 6.6 % .a‘? Harmonizing to the study for the rejection of bank loans, 49.3 % of houses are unable to supply warrants or collateral, 46.8 % is because of the deficiency of free capital and there is 36 % for the alterations in banking policy.With the development of the capital market and the banking system in Germany, there are some alterations for funding within SMEs: ( 1 ) . the standardisation of first balcony funding reduces the cost and the proportion is increasing in the funding market. The German first balcony financing market becomes the 2nd largest market and the first is United Kingdom. With the addition of the first balcony funding, the houses are able to increase their ain capital ratios, thereby increasing the sum of external finance to broaden the beginnings of funding. ( 2 ) . the plus securitization and private capital investing has became the chief resources for the funding in German through the rise in capital market. CLOs: Collateralized Loan Obligations is issued by the bank for the plus securitization in SME. The German Reconstruction bank, KfW Bankengruppe, has developed PROMISE for comprehensive merchandise trading. This market in Germany developed quickly and the trading sum reached 20 billion euro for the first 6 months in 2006. The SME loan securitization market development will take the connexion between the traditional and modern banking establishment. This helps the SME ‘s funding and greatly heighten the liquidness, security of dealing and profitabiliy for Bankss. 2. Chinese SMEs Financing In the World Bank study about China ‘s investing environment, they compared with other Asiatic states and shown China ‘s SMEs are confronting a more serious recognition restraint. In 2000, single and private endeavors received short-run loans merely, by all fiscal establishments to 1 % . The proprietor of the portion of ain capital funding will be reduced as the graduated table of concern rise. Large-scale endeavors ( with figure of employees from 100 to 500 people ) funding from the proprietor ‘s ain financess accounted for 22 % ; but in less than 50 individuals is 45 % . If the proprietor ‘s ain financess and retained net incomes are added as a beginning of funding within the figure of employees is less than 52 little concerns and 67 % of the financess is from the endogenous funding ; in more than 100 big endeavors, the per centum is 57 % . In add-on, the successful rate of obtaining bank loans for the large-scale endeavors is clearly more than the little endeavors. If the bank loans and financess received from the rural recognition co-ops as a amount of intermediation of financess from fiscal establishments, there is merely 8 % for the little concerns get financing while big endeavors are 27 % .. a‘? Professor Lin Hanchuan ( 2003 ) a‘?conducted two studies for the current state of affairs of SMEs in 1998. The first study showed that 75 % of surveyed venture capital funding comes chiefly from self-financing ; acquire bank loans, finance companies accounted for 53.5 % of them state-owned endeavors accounted for 94 % . Bank loans from state-owned banking establishments in the bulk, there are a little figure of corporate endeavors received loans from rural recognition co-ops. And 25 % of private SMEs funding is from non-formal funding channels. The 2nd canvass for the first clip similar consequences, 55 % of the surveyed endeavors to capital derived from the ego, 24 % of the surveyed companies 50 % of the working capital come from self-financing, merely 9 % of endeavors to capital come from bank loans. China Industrial and Commercial Federation and the China Private Economy Research Committee make five probes in 1993,1995,1997,2000 and 2002. Self-financing is the chief signifier of capital funding for SMEs, accounting for 65.5 % , bank loan funding is 21 % a‘? . In the 2002 study, 3258 was merely 23.4 % of SMEs surveyed by the funding Bankss and rural recognition co-ops. Obtaining bank loans to finance companies, 30 % of the endeavors get bank loans for less than RBM 10 million, 73.4 % of endeavors less than RBM 100 million. 53.8 % of the companies with â€Å" trouble in obtaining loans † are the obstruction to enterprise development, one of the most of import factor a’ˆ . Chinese SMEs using for bank loans, faced with three â€Å" favoritism † : the ownership of favoritism, size of favoritism and favoritism in the part. Harmonizing to the standard corporate ownership for the types of endeavors, taking to the Bankss of the differential intervention of different ownership endeavors. With the increasing degrees of economic openness and regional favoritism, favoritism in ownership bit by bit replaced. In more developed countries, non-state-owned endeavors are more readily available for bank loans. Guangdong, for illustration, in 1999 for non-state economic system, portion of bank loans has exceeded the province economic system, accounting for 56 % in 2002 lifting to 65 % . Because of the size of SMEs is self-limited with the deficiency of applications for bank loans warrants and collateral, hence, the smaller the size of the endeavor are more hard for bank loans from Bankss and other formal fiscal establishments, fiscal intermediation, which resulted in the graduated table of favoritism in bank loans. Table 3 Loans for SMEs gained from bank when established Loan sum Sample proportion Sample endeavors Loan sum Sample proportion Sample endeavors & lt ; 0.5 3.66 35 30~50 11.84 113 0.5~1 2.41 23 50~100 11.74 113 1~5 13.42 128 100~200 4.51 43 5~10 11.74 112 200~500 15.51 148 10~15 3.04 29 500~1000 3.14 30 15~20 9.01 86 & gt ; 1000 3.46 33 20~30 6.05 62 Entire 100 954 SME loans among banking establishments in different and uneven development. For illustration, Sichuan Province, as of the terminal of 2007, three big state-owned commercial Bankss accounted for the state ‘s little concern loans little concern loans to 50.31 per centum, but merely the bank ‘s loans to 11.42 % ; while metropolis commercial Bankss and recognition bureau issued little concern loans accounted for 23.84 % , but it is the bank ‘s loan balance of 48.48 % a’? . Large state-owned commercial Bankss are merely developing micro-credit operations from the central office with the particular demands and more restrictive conditions, so the enthusiasm is non high. 3. Decision ( 1 ) there is widespread trouble in obtaining loans for SMEs, non merely is a passage economic system like China, that is, the economically developed in Germany every bit good. Endogenous funding is the chief beginning of SME funding, bank funding accounted for 26.3 % in Germany, but in China, this proportion is much smaller. ( 2 ) SMEs using for bank loans to the trouble is due chiefly to the deficiency of security or collateral, equity capital is unequal. However, in Germany, the banking sector SME loaning alterations are hard for particular grounds ; in China it is the ownership restraints. ( 3 ) funding merchandises offered by fiscal establishments in a individual, hard to run into the funding demands of SMEs in specific variegation. In China, fiscal establishments, the chief funding merchandises offered by bank loans. However, in Germany, in add-on to the traditional bank loan funding outside the capital, first balcony funding and securitization funding portion on the rise. ( 4 ) Germany there is a clear division of labour between Bankss, organizing the major banking establishments for SMEs, sedimentation Bankss and concerted Bankss. Local operation of these Bankss are specialised Bankss, has carried out the comparative advantages of SMEs. In China, about all of the banking establishments have developed little and average endeavors financing concern, nevertheless, big state-owned commercial Bankss and deficiency of motive. Fourth, China and Germany Comparative Study of the societal service system for SMEs SME development requires non merely fiscal intermediation of fiscal services, but besides a assortment of security, evaluations, advice, information and engineering, societal services. Social service system, the building and flawlessness is a requirement for rapid development of SMEs.a†¦? . Comparison of societal service between Chinese and Germany SMEs1. Germany ‘s societal service system for SMEs Germany ‘s societal service system for SMEs is comparatively healthy. Auditing organic structures, accounting houses and banking establishments provide SMEs with the chief information services. In Germany, the chief bank for SMEs, non merely in corporate finance has played a prima function, but besides provide SMEs with a assortment of confer withing, information, and assist them explicate a development program and other intermediary services besides play an unreplaceable function. German SME recognition warrant system for the development of early, early in 1954 set up its first guaranteed Bankss. Presently, in Germany, each province guaranteed at least one bank. After more than 50 old ages of development, Garanti Bank has established a sound recognition evaluation system, a major consideration factors such as corporate fiscal factors ( fiscal place, net incomes, etc. ) on their ain qualities ( director ‘s direction ability, concern history ) , enterprise development stat e of affairs ( merchandises, markets, etc. ) , and historical records ( recognition and non-compliance records, etc. ) . Garanti Bank secured rates at 1.75 % ~ 2.5 % , rate accommodations are chiefly based on the industry in which companies, merchandises and markets, risk-related. Germany guarantees bank loans to bank-specific recognition risk-sharing ratio of 8:2. Occurs when the secured bank loan losingss, the Government has to bear the loss of 65 % , the loaning bank to take hazards to 7 % , the security establishments to presume the hazard of 28 % . In add-on, the Garanti Bank asked to command the loss rate of 4 % or less, the excess by increasing the guaranteed rate, loss ratio or the Government to increase investing write-down, owned, etc.. At nowadays, single warrants Bankss mean loss rate of about 1 % . SMEs have to cut down costs borne by the administrative scrutiny and blessing. In 2003 the German authorities, harmonizing to a study undertaken in the endeavor 460 sorts of administrative scrutiny and blessing costs, borne by SMEs accounted for 80 % . SMEs in order to cut down the costs borne by the administrative scrutiny and blessing, the German authorities promulgated the â€Å" cut down the load on SMEs jurisprudence † . Among them, a really of import step is the criterion Quasi-oriented little and average endeavors to set up, alteration, confer withing services, systems and procedures and processs, to better and heighten services at a velocity and quality. In add-on, when the constitution of little and average endeavors by simplifying administrative scrutiny and blessing processs, set up an electronic enrollment processs to enable endeavors to put up every bit long as on-line enrollment can be completed within a few yearss. 2. China ‘s development of a societal service system for SMEs ( 1 ) Government better the societal service system for SMEs, the steps the Chinese authorities attaches great importance to the development of SMEs, the determination in the â€Å" Eleventh Five-Year † during the execution of the â€Å" SME development undertakings. † This is China ‘s SME development plan of action, including bettering the societal service system for SMEs and improves relevant Torahs and ordinances, heighten the ability of scientific discipline and engineering invention of SMEs in nine steps a‘? . Laws and ordinances in the edifice of little and average endeavors, the Chinese authorities has promulgated the â€Å" SME Promotion Law of The People ‘s Republic of China † â€Å" the State Council on Encouraging, Supporting and steering the person and private and other non-public economic development in a figure of sentiments † , and formed a â€Å" SME Promotion Law † as the nucleus, the relevant supporting paperss to back up the publicity of SMEs and non-public economic development of Torahs, ordinances and policy model system to supply SMEs with a sound external environment for puting the foundation for the jurisprudence. The security system, China has started the pattern of SMEs recognition warrant in 1992, by 2006, the National SME recognition warrant establishments more than 1,000, a sum of 28.7 billion fund-raising, the cumulative sum of loan warrant 120 billion kwais, the cumulative security companies 5 10000.a’‚ In the proficient sup port for SMEs, the Chinese authorities chose Qingdao, Hefei and other metropoliss, combined with technological systems, established a city-backed, engineering invention services for SMEs, regional, professional engineering centre, while set uping and assorted types of technological invention and improved services. ( 2 ) the societal service system for SMEs, although the Chinese SMEs in the development of the societal service system has experienced from abrasion, from little to big rapid development, but still necessitate to foster better and hone. The chief jobs are: Servicess, higher costs. Banking Bureau in Sichuan SME study, the high cost of societal services is to forestall the funding of SMEs, a really of import ground. Small concerns in the procedure of using for bank loans may hold to pay, including audits, indirect appraisals, mortgage enrollment, security, notary, insurance, legal advice, recognition evaluation, concern enquiries, and other disbursals more than 10 points, its amalgamate disbursal ratio may be up to 10 % . Assessment and mortgage enrollment fees occupy a big proportion in bank loan. Mortgage registered in the duplicate of the enrollment, rating and fees, and charges required by the Government has non purely enforced and others are caused by extra direct cause of the high cost a’? . System is non perfect. Management of bank loans because of the high cost of a deficiency of societal recognition direction system, banking, industry and commercialism, revenue enhancement and other societal service bureaus have non yet set up a unified recognition direction system. Government in SME recognition warrant system to step in excessively much in the outgrowth of capital, operational construction and direction of many jobs. For illustration, many local authoritiess funded the constitution of fiscal security bureaus, on the one manus a erstwhile injection of financess, deficiency of compensation mechanism, warrant financess to little ; the other manus, the deficiency of commercial operation, can non fulfill the diversified demands of SMEs. Even in the U.S. , Japan and other large-scale government-funded national, policy loans guaranteed no more than 10 % of SME loans. Therefore, the SME policy entirely can non vouch security, but besides to play a private capital and commercial security function. 3. Decision ( 1 ) Germany ‘s societal system is sound and SME services, including accounting, confer withing, scrutinizing, information and other societal service bureaus. Banks non merely provide fiscal services to SMEs, but besides includes other information and consulting services. Chinese SMEs in the service of societal system, the building and betterment, the biggest job is how to better the warrant system for little and average endeavors. ( 2 ) The German authorities attaches great importance to the development of SMEs, but how the Government will play a back uping SME development, the two states have important differences. The German authorities wage attending to utilize of indirect, economic and legal agencies, such as revenue enhancement policy, through the national policy Bankss indirect fiscal support, to set up a incorporate information system, standardisation of the Government ‘s assorted administrative scrutiny and blessing systems and processs. In add-on, the German authorities by supplying more instruction and preparation chances and better the capacity of endeavor directors to accomplish long-run and sustainable development of SMEs. The Chinese authorities in advancing the development of SMEs in the greater usage of the direct administrative steps and intercessions. For illustration, fiscal investors to set up a recognition warrant system for little and average endeavors, direct operation and directio n of recognition warrant establishments, direct fiscal subsidies. ( 3 ) The German Government has set up export-oriented SMEs in specific administrative and societal service system. By the China Enterprise Evaluation Association in the â€Å" export-oriented SMEs in the survey † points out that China ‘s deficiency of specialised concern services for export-oriented societal system. In the surveyed endeavors, 51 % of export endeavors need to finance and consultative servicesa’? .a†¦Ã‚ ¤ . Enlightenment1. Chinese SMEs are little, but employed more workers, this is the alone consequence of the development phases and conditions. Due to the passage of Economic and societal system, China ‘s SMEs faces an more particular development environment. To work out the specific jobs of SMEs development in China, we ‘d break larning from international experience of other advanced, but besides need to considerate with the particular conditions of China. 2. Chinese SMEs criterions require timely updates and uninterrupted polish. 3. Chinese SMEs faced with the general trouble in obtaining loans, which are an of import beginning of funding. 4. Chinese SMEs warrants system for the commercial operations need imperative development. Guarantee bureaus need to set up a sound capital injection mechanism, modulate the investing of authorities financess and compensation mechanisms to accomplish the variegation of support beginnings. Learn from the successful experience of Germany, the debut of risk-sharing warrant establishments and compensation mechanisms. 5. The constitution of SMEs exporting to China ‘s societal system of professional services. With the uninterrupted development of China ‘s export-oriented economic system, export portion of gross national merchandise is lifting, it should better the export-oriented SMEs, including finance, and consulting, international operations required a assortment of particular services. The Government should put up specifically for the export-oriented SMEs, service platforms, and simplification of administrative scrutiny and blessing processs, hastening the blessing procedure. 6. Rationally specify the authorities ‘s function in SME development. International experience tells us that the Government should utilize economic and legal and other indirect means to cut down the direct administrative intercession and capital subsidy, thereby heightening the effectivity of policy execution to advance sustainable growing of SMEs.