Dell Corporation Case Study Example | Topics and Well Written Essays - 3250 words

Dell Corporation - Case Study Example High-technology market is marked by increasing capital markets activity over the past 5 years. It is estimated that average annual returns are anticipated to exceed 13 percent over the next 10 years, with investment alternatives performing at single digit growth rates (approximately 7 percent to 9 percent). This approach is based on Dell superior understanding of the problem solved by the product, the benefits it offers and issues it addresses. Dell is a leader in IT industry with S$ 57.095 billion revenue a year. Customers and technology are the primary driving factors in this arena (Dell Corporation Home Page 2008). Customers want products that satisfy their needs or improve their productivity. In order to respond to external environment, Dell looks for ways to deliver these benefits at a lower cost, smaller size, and higher speed. Operating within an industry with this kind of rapid change presents several challenges for personal computer and notebooks, namely production costs, in tellectual property owners, and monopolies. For Dell innovations are the key of success. The main factor which influences the industry is competition. Dell's main competitors are Apple and IBM. In Europe and Asia, there are a wide number of smaller competitors who has an impact on strategy and market position of Dell. In contrast to its competitors, Dell proposes unique and high quality services and exceptional products (Dell Corporation Home Page 2008). In g... Company's managers admit, however, that many different kinds of potentially profitable competitive strategies are possible. Although only a company can successfully pursue the cost leadership strategy (because it is so dependent on achieving dominant market share), others can pursue an almost unlimited number of differentiation and focus strategies (depending on the range of possible desirable features and the number of identifiable market niches. In Europe, competition is fierce influenced by a number of internal and external factors. Michael Porter contends that a corporation is most concerned with the intensity of competition within its industry (Porter 34). "The collective strength of these forces," he contends, "determines the ultimate profit potential in the industry, where profit potential is measured in terms of long-run return on invested capital" (Porter, 1985, p. 58). For Dell, the ability of a firm to use its resources and capabilities to develop a competitive advantage t hrough distinctive competencies does not mean it will be able to sustain it. Two basic characteristics determine the sustainability of a firm's distinctive competencies: durability and imitability. Market changes and fierce competition suggest that Dell should take into account increased competition and innovations planning its goals and strategies. The Process of Strategic Planning Strategic Planning In general, strategy is identifies as the framework which guides those choices that determine the nature and direction of an organization. Strategy development is the heart of strategic planning. It is the process that answers the "what" questions that an organization must answer in order to carry out

Binomial and Black and Scholes Pricing models Essay Example for Free

Binomial and Black and Scholes Pricing models Essay The binomial and the Black and Schole models are option valuing models, the Binomial model involves determining the value of options using a tree like format whereby the value of the option is determined by the expiration time period of the option and volatility, for the Black and Schole model the value of options is determined by simply getting a derivative that helps get the discount rates of options. Binomial pricing model: The binomial pricing model was introduced by Ross, Cox and Rubinstein in 1979; it provides a numerical method, in which valuation of options can be undertaken. Application: This model breaks down the option into many potential outcomes during the time period of the option, this steps form a tree like format where by the model assumes that the value of the option will rise or go down, this value is calculated and it is determined by the expiration time and volatility. Finally at the end of the tree of the option the final possible value is determined because the value is equal to the intrinsic value. Assumptions: †¢ The model also assumes that the market is efficient in that people cannot predict the direction of change in the stock prices. †¢ The interest rates are constant and known and therefore they do not change in the time we consider an option. †¢ The model assumes that there are no dividends paid during the period in which one considers the option. †¢ The model assumes that the returns on the stocks are normally distributed. †¢ It also assumes that no commission is paid when buying or selling stock.

Imagery of Disease and Decay in Hamlet Essay -- GCSE English Literatur

Imagery of Disease and Decay in Hamlet  Ã‚     Ã‚  Ã‚   William Shakespeare found that imagery was a useful tool to give his works greater impact and hidden meaning. In Hamlet, Shakespeare used imagery to present ideas about the atmosphere, Hamlet's character, and the major theme of the play. He used imagery of decay to give the reader a feel of the changing atmosphere. He used imagery of disease to hint how some of the different characters perceived Hamlet as he put on his "antic disposition". And finally, he used imagery of poison to emphasize the main theme of the play; everybody receives rightful retribution in the end.      Early in Hamlet, Shakespeare's first use of imagery was of decay. Marcellus says, "Something is rotten in the state of Denmark" (I; iv; 90), to Horatio after Hamlet leaves to talk with the ghost of his father. The imagery of decay used here gives the reader a background understanding of a few things. First, it foreshadows that the king's throne (the state of Denmark) is on shaky ground because Hamlet will shortly find out that his father was murdered and not bitten by a snake as was originally thought. Also, it reveals the building atmosphere of suspicion (something is rotten) which would play a role for a big part of the play. Then, two scenes later, imagery of decay was used a second time when Hamlet says, "For if the sun breed maggots in a dead dog, being a good kissing carrion", (II; i; 182-183) to Polonius during their first conversation in the play. The imagery of decay used here subtly gets across information of a few things. First, it foreshadows that Hamlet (the sun) wil l kill Polonius (breed maggots in a dead dog). And secondly, at this point in the scene, Hamlet goes on to talk about his own ... ...mastery of imagery that helped Shakespeare lift himself in the world of literature and to give him a solid place as one of the greatest playwrights of all time.    Works Cited and Consulted: Bodkin, Maud. Death and Decay in Hamlet   Oxford: Oxford University Press. 1934. Burnett, Mark, ed. New Essays on Hamlet. New York: AMS Press, 1994. Levin, Richard. 1990. 'The Poetics and Politics of Bardicide.' PMLA 105: 491-504. Vickers, Brian. Appropriating Shakespeare: Contemporary Critical Quarrels. New Haven and London: Yale University Press. 1993. Watson, Robert N. 1990. 'Giving up the Ghost in a World of Decay: Hamlet, Revenge and Denial.' Renaissance Drama 21:199-223. Wright, George T. 1981. 'Hendiadys and Hamlet.' PMLA 96:168-193. Shakespeare, William. The Tradegy of Hamlet Prince of Denmark.   New York: Washington Square Press, 1992

Biotech Dawn :: Biotechnology Science Essays

Biotech Dawn Ebrahim Oomerjee English 1C Prof. Cross 14 May 2002 Biotech Dawn Long time ago, from the great plains of Africa rose a new form of life. They were apes, walking upright. There was something strange about them. They had something no other living being had ever had before. They possessed unlimited intelligence. In a short period of time the apes would change the world forever. Humans have come along way from the caves. At first mankind the only thing mankind knew about life was giving it and taking it away. But as the years passed and technology became more advanced, mankind could now experiment with the very basics of life itself. Deoxyribose Nucleic Acid (DNA) which is the programming code for the body, can now be altered or changed and substituted. This has opened the door to many different possibilities that would have been thought impossible a generation ago. But the path to genetic alteration has not gone unbarred. Many people fearing and distrusting science have tried to resist the march of scientists. From afar, Genetic engineering promises tantalizing results. Humans could now rid the world of certain genetic disorders, Disorders such as Down syndrome and Kliefelter Syndrome would be a thing of the past. Technology was coming to a point where individual DNA codes could be cut away. Restrictive enzymes are so specific that they could be used to cut away any defective code of the DNA with out harming the normal code. There is even the possibility that individual organ could be manufactured in the laboratory. This would be a great success. The fact that many people who die daily waiting for organ transplants would become obsolete. Stem-cell research might in fact make that vision a reality. Scientists have already been able to clone many different types of animals, ranging from cows to squirrels. Science already has accomplished much in the Biological Technology (Biotech) field. Genetically Modified Organisms (GMO) have made a vast impact in the agricultural industry. Scientists have been able to engineer many different types of crops. If a particular farmer lived in an arid region, he could opt for corn that had been engineered to become drought resistant. Or if another lived in an area where there were many weeds, he could obtain the RoundUp Ready Corn, manufactured by Mosanto. The particular corn can be used with Monsantos herbicide, RoundUp with out harming the corn.

literature review Essay

?A literature review is a text written by someone to consider the critical points of current knowledge including substantive findings, as well as theoretical and methodological contributions to a particular topic. Literature reviews are secondary sources, and as such, do not report any new or original experimental work. Also, a literature review can be interpreted as a review of an abstract accomplishment. Most often associated with academic-oriented literature, such as a thesis or peer-reviewed article, a literature review usually precedes a research proposal and results section. Its main goals are to situate the current study within the body of literature and to provide context for the particular reader. Literature reviews are a staple for research in nearly every academic field ?A literature review is a text written by someone to consider the critical points of current knowledge including substantive findings, as well as theoretical and methodological contributions to a particular topic. Literature reviews are secondary sources, and as such, do not report any new or original experimental work. Also, a literature review can be interpreted as a review of an abstract accomplishment. Most often associated with academic-oriented literature, such as a thesis or peer-reviewed article, a literature review usually precedes a research proposal and results section. Its main goals are to situate the current study within the body of literature and to provide context for the particular reader. Literature reviews are a staple for research in nearly every academic field ? A literature review is a text written by someone to consider the critical points of current knowledge including substantive findings, as well as theoretical and methodological contributions to a particular topic. Literature reviews are secondary sources, and as such, do not report any new or original experimental work. Also, a literature review can be interpreted as a review of an abstract accomplishment. Most often associated with academic-oriented literature, such as a thesis or peer-reviewed article, a literature review usually precedes a research proposal and results section. Its main goals are to situate the current study within the body of literature and to provide context for the particular reader. Literature reviews are a staple for research in nearly every academic field ? A literature review is a text written by someone to consider the critical points of current knowledge including substantive findings, as well as theoretical and methodological contributions to a particular topic. Literature reviews are secondary sources, and as such, do not report any new or original experimental work. Also, a literature review can be interpreted as a review of an abstract accomplishment. Most often associated with academic-oriented literature, such as a thesis or peer-reviewed article, a literature review usually precedes a research proposal and results section. Its main goals are to situate the current study within the body of literature and to provide context for the particular reader. Literature reviews are a staple for research in nearly every academic field ?A literature review is a text written by someone to consider the critical points of current knowledge including substantive findings, as well as theoretical and methodological contributions to a particular topic. Literature reviews are secondary sources, and as such, do not report any new or original experimental work. Also, a literature review can be interpreted as a review of an abstract accomplishment. Most often associated with academic-oriented literature, such as a thesis or peer-reviewed article, a literature review usually precedes a research proposal and results section. Its main goals are to situate the current study within the body of literature and to provide context for the particular reader. Literature reviews are a staple for research in nearly every academic field ?A literature review is a text written by someone to consider the critical points of current knowledge including substantive findings, as well as theoretical and methodological contributions to a particular topic. Literature reviews are secondary sources, and as such, do not report any new or original experimental work. Also, a literature review can be interpreted as a review of an abstract accomplishment. Most often associated with academic-oriented literature, such as a thesis or peer-reviewed article, a literature review usually precedes a research proposal and results section. Its main goals are to situate the current study within the body of literature and to provide context for the particular reader. Literature reviews are a staple for research in nearly every academic field.

Classical and Behavioural Approaches

Classical and Behavioural Approaches Outline This is an essay which compares the classical approach to the management and behavioral approach to the management. The paper is designed in such a way that first, there is an introduction followed by the body of the paper. The body of the paper discusses the two approaches in brief along with stating their criticism. Then a conclusion is made from the said discussion.Advertising We will write a custom essay sample on Classical and Behavioural Approaches specifically for you for only $16.05 $11/page Learn More Introduction The concept of management of people as an organized group must have existed ever since human beings started living in organized societies. History shows us that there have been many great empires and civilizations that have developed, grown, and decayed over a period of time. For an organized activity to be successful there should exist, elements of leadership and management. It can be said that some form of management might have e xisted over the years. But it is only during the later half of the nineteenth century that established principles and theories of management began to emerge. The early theories of management, often referred to as scientific were based on increasing productivity in a competitive economy fuelled by the industrial revolution. This approach in most cases treated people as machines without consideration of their feelings or not taking into account the fact that humans are complex beings. But ever since the shortcomings of a scientific approach became apparent a more human centric outlook developed. This viewpoint is referred to as the behavioral approaches, began to take into account that employees are motivated by factors other than money. Due to the importance of management with regard to an organization’s growth and success, it is important to understand the history of management theories. Growing levels of communication, travel, globalization, and free trade have made the mark et highly competitive and mangers should be aware of the complexities of management. They should be able to understand the advantages and disadvantages of the two approaches mentioned above. This paper is an attempt at explaining the two approaches followed by a comparative analysis of the same. The first section will discuss scientific management theories followed by behavioral approaches. A comparative analysis will be done next before concluding the paper. Classical approach to management Management principles as they exist today have been evolved over a period of time. Its emergence is not a phenomenon of the twentieth century only. Management, in one form, or other existed in the other social, political and economic life of mankind throughout the ages. It has grown along with other social, political and economic institutions.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In olden days it existed in the form of personal leadership. When trade developed, with increasing out put of artisans, management of some type developed. However, the problems of management in those days were simple and capable of easy solution. Henry Fayol, F.W. Taylor and Max Weber contributed much classical approach of management. The classical period 1890- 1930 is considered as the classical period. This period is called as scientific management period because only during this period the contributions of F.W. Taylor and Henry Fayol furthered the causes of scientific management. Till then management was concerned only in terms of privileges, authority and obligations of ownership. However this period witnessed a great advance in the management practice and also the introduction of better and faster methods of production. The salient features of this period can be outlined as follows. Various methods were devised for utilizing human effort intelligently with a view to maximize the output with minimum waste. Work was planned and controlled. The organizational structure was thoroughly overhauled. Wage payment systems were made incentive-oriented so as to provide maximum motivation to workers. Contribution by different theorists The classical approach of management is enriched with the contribution by different theorists on different aspects of classical approach. They are explained below. F.W. Taylor, Frank and Lillian Gilbreth F.W. Taylor was considered as one of the greatest classical theorists of management and he is the father of scientific management movement. Taylor was one of the first theorists to introduce scientific management principles in management. According to Taylor, scientific management is the discovery of best method of performing a particular work under the existing conditions of knowledge and organizing ability. He also tried to develop the best and fruitful method of productivity in a given situation. The implementation of scientific man agement can increase the productivity as it uses the standardized tools and methods. The scientific management approaches focuses on the group efforts rather than individual efforts. Frank and Lillian Gilbreth also contributed much scientific management approach of classical theories of management. They helped Taylor in the development of scientific management principles. Frank and Lillian Gilbreth contributed much in designing the principles related to time study and motion study (Historical perspective on productivity improvement, 2008).Advertising We will write a custom essay sample on Classical and Behavioural Approaches specifically for you for only $16.05 $11/page Learn More Henri Fayol and Mary Parker Follet Henry Fayol developed certain principles which could be used in all management situations. The main contribution by Fayol includes he introduced the concept of division of industrial activities. He also contributed some essential qualities of an effective manager. He is the management expert who classified the management process in to different functions like planning, organizing†¦etc. He was the developer of 14 principles of managenet (What are the 14 Principles of Management, 2009). Mary Parker Follet attempted to interpret classical management principles in terms of human factors. She gave solution for managing the conflicts in the organizations. She also suggested that the managers should be ready to recognize the importance of group work and the manager should be a good co-coordinator. Max Weber – Bureaucracy Max Weber is another expert in classical approach of management. Weber was of the opinion that well established principles and practices were the best option for growth and productivity. Once the best practices are indentified they should be implemented and practiced without fail. He was also in favor of a high hierarchical structure with clear cut directions which should be followed to the letter. Cri ticism However in the development of management, scientific management stressed the application of methodology of science rather than individual wisdom and ability in the running of an industry. Critics of scientific management state that those who follow the scientific management viewed the business organization from extremely mechanical view and treated the worker as a rational profit maximizing element of the system. Thus scientific management, which is considered as the greatest among the classical approach is suffering from this kinds of criticism. Behavioral approach to management The industrial revolution and the growth of job opportunities resulted in a mass migration of rural population to the cities. The appalling working conditions brought about by scientific management and the general changes and liberalization in societies resulted in an approach that is more attuned toward the needs of workers other than their salaries and wages. â€Å"Several prominent theorists bega n to direct their attention to the human element in the workplace. Elton Mayo, Mary Parker Follett, Douglas McGregor, Chris Argyris, and Abraham Maslow were writers who addressed this issue by contending that increased worker satisfaction would lead to better performance† (Behavioral management theory, n.d.). The above list is not comprehensive and only illustrative of the change in approach. This section will focus on theories that had a strong impact in shift of approaches from a scientific one to a more humanistic approach.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Studies by Roethlisberger Dickson It could be said that the above two theorists were one of the earliest ones to view employees as humans rather than as workers. Their work is primarily a detailed chronicle of an earlier study, now known as the famous Hawthorne experiment. Their work does not have an individuality of their own, but is based on other studies including the one mentioned above. But what stands out is their identification of a factor they term as sentiments. The Hawthorne studies identified the concept of informal organizations to which the concept of ‘sentiment’ was added by the two theorists. According to Organ et al, sentiment is actually the attitude of the employee and if the sentiments are looked after well, productivity will increase. It can be said that â€Å"sentiments are the underlying dimensions of attitudes, values, and feelings that shape the informal organization† Organ, Podsakoff Bradley, p. 48). This study is not original in that s ense, but is a contribution to the humanistic approach present in behavioral theories. Elton Mayo and the Western Electric Hawthorne Works It is interesting to note that this study was done primarily to understand the effect of lighting (in the workplace) on productivity and not for non-financial motivation. The surprising result was that â€Å"those experiments showed no clear connection between productivity and the amount of illumination but researchers began to wonder what kind of changes would influence output† (Elton Mayo’s Hawthorne experiments, 2008). The validity of the study cannot be questioned because it was done over a period of five years starting in 1927. Six employees of the company were selected to participate in the experiment and they were provided with different working conditions that included better/poorer lighting, rest, lesser working hours and practically no supervision. The person in charge (supervisor) acted mainly as an observer rather than a taskmaster. Different combinations were tried out and most resulted in increased productivity. The surprising result was that productivity increased even after the girls were sent back to their normal working conditions. It became obvious that lighting was not a major factor in improving productivity. Mayo and his team at Harvard came to the conclusion that freedom (lack of coercion) and a sense of participation or belonging were the primary factors responsible for the state of affairs. Moreover, the girls had developed their own style of working rather than being forced to follow one as seen in the scientific approaches. The end result was that the world of management began to appreciate the human side of management as better when compared to a coercive approach. Maslow’s Hierarchy of Needs Abraham Maslow observed that workers are motivated by needs that are hierarchical in nature. He developed a standard set of needs where one fulfilled need will then lead to the next one. The hierarchy of needs are physiological, safety, social, esteem, and self-actualization needs. Once the basic needs like food, shelter, and source of livelihood are obtained, the employee will seek job security and safety. Then comes social needs like companionship, sense of belonging, and a feeling to be needed in the organization. any aspect that enhances the ego like recognition and praise comes next (esteem needs). Once all these are achieved, the employee will look at the higher values like truth and meaning of life and existence. He will also be looking for contributing more towards society more than receiving from it. McGregor’s Theory X and Theory Y â€Å"Douglas McGregor’s Theory X/ Theory Y (first espoused in the early 1960s) is based to a great extent of Maslow’s hierarchy of needs theory from the mid 1950s† (Leonard, 2002, p.192). McGregor theorized two distinct worker attitudes that determine productivity namely X and Y. In the former scena rio, work is seen as a bother and hence the employee needs strict supervision and clear cut directions. They also tend to avoid responsibility, but are attracted towards the concept of job security. Observations about Theory Y are based on modern management principles. They welcome responsibility, do not like to be coerced, and are more attuned towards self-directed work. The concept of job satisfaction is also important. McGregor’s preferred model was Theory Y, but felt that it is more practical in small scale operations. Large scale operations (for example assembly lines) would be much better off using Theory X. Criticism Even behavioral approaches are not faultless. For example, they appear to be too rigid and cannot fully explain the complexity of human behavior. All the factors are pre-determined and it is assumed that all human emotions and needs fall within these parameters. Comparative study It can be seen that the behavioral approach is more advantageous and even pra ctical when the human element is involved. The scientific approach is fine when dealing with machines, but where employees are concerned, it is important to take into consideration factors distinct from compensation and income. Today’s managers need to understand both these concepts because elements from the two are present in management practices. For example, McDonald’s have a highly standardized set of work practices aimed at mass and efficient production. But they also have policies where worker motivation and job satisfaction is given importance. Moreover, concepts like lean manufacturing and just-in-time have their basis in scientific management principles. The concept of Kaizen or continuous improvement is an offshoot of the principles found in the scientific approach (Best, 2001, p. 113). Conclusion It can be seen that both approaches have their advantages and disadvantages. The principles of lean production, continuous improvement, and just-in-time have their roots in the scientific approach. The importance of human resources management and department in organizations illustrate the importance of the behavioral or humanistic approach to management. It is essential that the diverse needs that motivate employees and bring about job satisfaction need to be considered in today’s management scenario. But workers also need to be controlled and an element of standardization be present in many processes. It can be concluded that elements of both approaches need to be present in today’s management practices. The factor that should be given more importance is the behavioral or humanistic approach to management. References Behavioral management theory. (n.d.). ArticlesGratuits.com. Web. Best, M. H. (2001). The new competitive advantage (p. 113). Oxford University Press. Elton Mayo’s Hawthorne experiments. (2008). Accel team development. Web. Historical perspective on productivity improvement. (2008). Accel team development. Web . Leonard, D. C. (2002). Learning theories, A to Z (p. 192). Greenwood Publishing Group. Organ, D. W., Podsakoff, P. M., MacKenzie, S. B. (2006). Organizational citizenship behavior (p. 48). SAGE. What are the 14 Principles of Management. (2009). 12Manage – The executive fast track. Web.

How to Patent an Idea in the United States - Overview

How to Patent an Idea in the United States - Overview A US patent for an invention grants property rights to the inventor(s). A US patent can only be issued by the US Patent and Trademark Office aka the USPTO. How to Patent an Idea - US Patent Property Rights The property rights that a US patent gives your invention means the right to prevent others who do not have your permission from making, using, offering for sale, or selling your invention in the United States or importing your invention into the United States. To get a US patent, all applications must be filed in the US Patent and Trademark Office. For more general information about US patents and the operations of the US Patent and Trademark Office. US Patent Application ProcessDifferent US Patent TypesWhere to Get US Patent FormsUsing a Patent Attorney or AgentFile Electronically How to Patent an Idea - Utility Patent Application Utility patents may be granted to anyone who invents or discovers any new and useful process, machine, article of manufacture, or compositions of matters, or any new useful improvement thereof. DefinitionHow to File For How to Patent an Idea - Design Patent Application Design patents may be granted to anyone who invents a new, original, and ornamental design for an article of manufacture. DefinitionHow to File For How to Patent an Idea - Plant Patent Application Plant patents may be granted to anyone who invents or discovers and asexually reproduces any distinct and new variety of plant. DefinitionHow to File For

Instructional Technology in School essays

Instructional Technology in School essays One example of instructional technology that promotes learning in an educational setting is the computer. Nowadays, a computer is considered as an important element in most of our activities. Especially in learning, the computer plays a significant role in providing us with diverse information, which, in the past decades, we used to obtain only from books and libraries. In the continuous growth of technological innovations, there are already a great number of computer-based learning tools that were developed to enrich the experience of learning in schools. This includes the different educational software that can be used as supplements to the Computers are considered as important instructional technology because it promotes a better learning to students. For instance, compared to the traditional method of using chalk and board in the teaching process, an instructional software about mathematics that features graphics and colors, learning games, different audio-visual effects, and allows the learners to interact with the computer, affects the interest and motivation of students The technique of providing interactive process of learning through computers, as supplements to the traditional form of teaching, was found to present advantages to the cognitive development of students. Thus, a number of researches and studies suggest that computers are appropriate tool in instructional methodology in an educational setting. From a study conducted by Michael Thomas and David Tall, in their investigation on the benefits of using a computer in algebra teaching, they indicated that computer experiences encourages a more versatile form of thinking (Thomas Tall). Moreover, according to Haugland (1992), as indicated in the online Research has shown that 3- and 4-year-old children who use computers ...

Philosophy Essay Example | Topics and Well Written Essays - 1000 words - 7

Philosophy - Essay Example I propose to carry out an enquiry into the elements of illusion in the life that we take for real and the relevance of our willed existence in it. My contention is that the nature of reality is essentially a construct of human imagination in relation to the socio-political and cultural existence, and the extend to which one can affect or alter the reality depends on one’s willed existence. The philosophical precepts of Arthur Schopenhauer and Friedrich Nietzsche are explored in relation to this argument which hopes to deconstruct the conventional implications of the idea of reality. Life exists in this world in relation to various other forms of existence, both animate and inanimate. Human beings develop a sense of consciousness towards these myriad forms of experience through age-old conventions transmitted through generations. Even as homo sapiens claim to be the most sophisticated, complexly evolved and fit for survival species on the face of the earth, the perceived notions of the words surrounding them is the most corrupted in relation to that of the other life forms. Human beings have surpassed the necessity to follow the instinctual urges for survival by making the world a safe place for them. This has in fact led to a state where their sensibilities are formed with reference to preconceived notions, which are in most cases misrepresentations, with regard to the nature of reality that surrounds them. A child of the contemporary world comes to reality not only through the information that its parents, teachers, elders and peers transmit to it, but also with the judicious use of the myriad possibilities of information technology. Even then, the possibilities of coming to direct contact with reality are restricted to the child. IT may come to know that some animals are to be feared and some to be used, but it may never realize that these

Difference and effect between chinese and american parenting Research Paper

Difference and effect between chinese and american parenting - Research Paper Example These two approaches are different but the same cannot be said of the effects that emanate from them. As puzzling as this may sound, the Americans who handle their children with gentleness and the Chinese who tend to be somewhat harsh eventually achieve a similar goal. According to Yates (p.3), the Chinese adapt to the culture of shaming and manipulating children and many times the children adapt to the environment. Similarly, the Americans apply their own tactic of encouraging a child even when there is evident disappointment. In both cases, the parents are aiming at the same goal, which is to improve the student, but applying differing tactics. Worth distinguishing at this point is that manipulative parenting is not similar to authoritarian since the latter tends to motivate a child with fear while the former with challenges. Whereas some have argued that children brought up through authoritarian tend to be well behaved, Porter (p.543) claims these children tend to be less-resourceful and poor self-image. The American parent hardly uses this approach but some Chinese parents have applied. Instead, it is recommended that parents apply either the authoritative or permissive. These two approaches allow parents to set standards for children but in the permissive case, the parent avoids enforcing the standards. An authoritative parent will set standards enforce them but portray a very high level of nurturing the child (Oreilly & Candida p.4). Upon failing to meet a certain task, a Chinese mother will most likely insult or deny the child perceived rights. In contrast, the American will give the child, appreciate first before commenting on the need to improve. A recent book by a renowned author, Amy Chua, seems to suggest that children tend to respond more to threats and denial of what they consider luxurious. The effect of this approach by the Chinese parent

Individual Market Research Term Paper Example | Topics and Well Written Essays - 4250 words

Individual Market Research - Term Paper Example The manufactures recognized the need of special servers being embedded in blackberry phones, which make it, operate between the email and phone systems hence providing a better performance. Furthermore, this phone has been known to offer the best ever security as compared to other phones. Thirdly, the phone also do not only use ‘back’ buttons when it comes to multitasking. It has special flow features that allow one to effectively transit between the applications by the use of a finger to flick them to sides( OECD economic surveys. 2006 89-92).   At this moment, the peek features permits one to have a glance at the notifications and messages without exiting from the working application and open a hub. This attributes made it fly to the top rankings in the technology of phones.3.2. Apple phonesTo this phone, all the media related features can be noted. First, the phone is made to have an advanced iOS five, linked with cloud-integration. Secondly, the phone also has a go od voice interface and music streaming features and lastly a 4G connectivity (Landau, 1984 8-10). Among the many available attributes, these ones have been proved outstanding since every person who has this type of phone, praised it through the recognition of the above features. This phone is known by its high media capability. And since people are gradually moving from the world of median ignorance to the world of media addiction, then this phone proves to be the best of them all. Its technological approach during manufacturing is something that is worth of praise.

Study the housing market bubble the US is currently experiencing. What Essay

Study the housing market bubble the US is currently experiencing. What happened because of the bubble and what is the current state of the housing market and ho - Essay Example However, financial derivatives itself are considered as detrimental if their use is made in more superficial way. Banks, in order to recoup the lost liquidity drained into the subprime mortgage loans have securitized them against the payments and real estate properties offered as securities in those mortgage loans. The process of securitization works in double way. Banks rely on the cash flows generated through the repayment of these subprime mortgage loans to pay off their obligations on those securitized instruments issued by the financial institutions. The problem arises when the subprime borrowers started to default on their obligations hence creating a mismatching in the liquidity positions of the financial institutions. Since most of the financials institutions have already securitized their mortgage portfolio therefore, in order to avoid being defaulted on their payments to the bond holders of those securitized loans, they divert their normal cash resources to the payments to be made to those bond holders. Since the normal and routine liquid resources of the financial institutions go to the repayments of those bonds therefore they find themselves short of liquidity hence a credit crunch in the economy emerges as a result of this. The credit crunch caused by this housing bubble borrowers also leads to the crowding out effect also as more and more funds are being diverted in paying off the liabilities of the financial institutions therefore the availability of the credit to the private sector shrinks thus halting the progress of the economy since most of the companies rely on bank credit at least for their short term working capital needs as well as making long term investments through a combination of borrowings either through banking channels or secondary markets. With the lowering interest rates, the demand for the homes increased which ultimately raised the prices

Globalization and Training Document Essay Example | Topics and Well Written Essays - 500 words

Globalization and Training Document - Essay Example The onset of globalization has made managing supply chains complicated and critical than it was in the past years. No business area is affected more by the style to worldwide business situation within the supply chain. The need for companies like Riordan Manufacturing to use best strategies in international management of supply chain has increased because of globalization. Riordan Manufacturing is a worldwide company as it supplies its products globally. Recently, Riordan ventured into China where it discovered it had a bigger market base. As Riordan’s customers expand around the world, they expect the company to go with them. Therefore, it is important to improve their products and sell them at a cheaper price. For example, Riordan Manufacturing has a large customer base in the German plastic market, which has opening facilities in China. We have the option of continuing to supply our products to China from Germany, or find a way to interact with our customer base in China. Decisions made will ensure our customers receive quality products. To maintain the loyalty of our consumers in China, Riordan has to transfer its production expertise to China and offer those functions at a confined level (Riordan, 2014). Supply chain complexity continues to increase with globalization. The manufacturing process has become extremely complicated and is no longer a simple assembly line. Manufacturers are now forced to manage several product lines, each one assembled from parts taken from different suppliers. The same manufacturers are also needed to manage logistics, to know where and when products need to be to satisfy demand across the globe. The huge numbers of global markets where products are now being sold continues to expand drastically (Fawcett, Ellram & Ojden, 2007). With this increase in growth, there has been a rise in the number of

Study the housing market bubble the US is currently experiencing. What Essay

Study the housing market bubble the US is currently experiencing. What happened because of the bubble and what is the current state of the housing market and ho - Essay Example However, financial derivatives itself are considered as detrimental if their use is made in more superficial way. Banks, in order to recoup the lost liquidity drained into the subprime mortgage loans have securitized them against the payments and real estate properties offered as securities in those mortgage loans. The process of securitization works in double way. Banks rely on the cash flows generated through the repayment of these subprime mortgage loans to pay off their obligations on those securitized instruments issued by the financial institutions. The problem arises when the subprime borrowers started to default on their obligations hence creating a mismatching in the liquidity positions of the financial institutions. Since most of the financials institutions have already securitized their mortgage portfolio therefore, in order to avoid being defaulted on their payments to the bond holders of those securitized loans, they divert their normal cash resources to the payments to be made to those bond holders. Since the normal and routine liquid resources of the financial institutions go to the repayments of those bonds therefore they find themselves short of liquidity hence a credit crunch in the economy emerges as a result of this. The credit crunch caused by this housing bubble borrowers also leads to the crowding out effect also as more and more funds are being diverted in paying off the liabilities of the financial institutions therefore the availability of the credit to the private sector shrinks thus halting the progress of the economy since most of the companies rely on bank credit at least for their short term working capital needs as well as making long term investments through a combination of borrowings either through banking channels or secondary markets. With the lowering interest rates, the demand for the homes increased which ultimately raised the prices

Professional career development Assignment Example | Topics and Well Written Essays - 1500 words

Professional career development - Assignment Example According to Best and De Valence (25), there are certain determinants that characterize the form of the building that a client gets. Economic and legal requirements are by far the most compelling factors, but the other factors including technology, materials, functional and climatic factors affect the project. Client’s specifications on the building are based on the circumstances surrounding these factors. Risk distribution between the constructor and the client can be assessed for various projects to determine the impact that client type has on design and construction elements of a project. In the following three client types, study has been conducted to highlight the intricacies involved in the determination of risk distribution and the impact passed on to the entire project procedures. Three sectors of the industry have been chosen discussed in the section. Domestic construction market is characterized by private ownership and individual preferences. The domestic building and construction market can further be divided to include various client types, for instance a family which needs a small house, medium and big home builders. First time builders and luxury house builders across the size demands of buildings are also observed in the market. The direct involvement of the client in the project is increased by the direct ownership factor which also increases accountability on the part of the client. Due to the fact that the domestic housing competition is heightened by the slender barriers of entry of new competitors enables the clients to enjoy the benefits of a competitive market. Some of the benefits enjoyed include lowered costs and a variety of service providers to choose from, which enhances preference. Such a diverse market features a variety of risk distribution, project duration, location preferences as well as and costing flexibility. The domestic market

Buddhism Essay Example for Free

Buddhism Essay Ultimate reality:Â  None, Nothing is permanent. Holidays:Â  Buddhas birthday, Buddhas enlightenment and lunar quarters Human nature: There is no self or soul. Human existence is nothing more than a combination of five impermanent components (khandas). Purpose of life: Theravada Become an arhat, escape the cycle of rebirth, and attain nirvana. Mahayana Become a boddhisatva then help others attain enlightenment. Afterlife: Rebirth or nirvana. Nirvana is seen simply as the cessation of suffering by some and as a heavenly paradise by others. Founder/Leader Siddhartha Gautama Buddha was born a prince in Lumbini, Nepal, at the foot of Mount Palpa in the Himalayan ranges, in 580 B. C. He died at age 80 in 480 B. C. His father was Suddhodana, king of the Sakhyas-. His mother, Maya, died seven days after his birth, he was raised by his foster mother, Maya’s sister Mahaprajapati. He was also known as Sakhya Muni, meaning an ascetic of the Sakhya tribe. He is also called the Enlightened One. Upon his birth, astrologers predicted that upon achieving manhood, Siddhartha would become ither a universal monarch (Chakravarti), or would abandon all earthly comforts to become a monk and a Buddha. Siddhartha married Yasodhara at age sixteen, who subsequently gave birth to their son, Rahula. Desiring to see how the people in his town were living, he managed to get out of his walled enclosure accompanied by his servant, Channa. He came upon a decrepit old man, a sick man, and a corpse and he was shocked. He then met a monk who impr essed him with his serenity and beauty. Siddhartha left his home forever, donning yellow robes and shaving his head, to take up Yogic practices. Seeking instruction from several hermit teachers who lived in caves in the neighboring hills, he practiced severe Tapas (austerities) and Pranayama (breath control) for six years, during which time he almost starved to death and became exceedingly weak. Given food by a young woman, he sought a comfortable place to sit and eat it. He found a large tree, now known as the great Bo-tree, or Tree of Wisdom. He came out of the meditation victorious, his face shining with illumination and splendor, having attained Nirvana. At age 35, Siddhartha was a Boddhisatva. Buddha left his wondrous Bo-tree behind, venturing out into the world to teach others who were seeking Wisdom and Enlightenment. The subsequent teachings of The Buddha are the foundation of Buddhism. Creed The Four Noble Truths 1. Life means suffering 2. The origin of suffering is attachment 3. The cessation of suffering is attainable 4. The path to the cessation of suffering Code Five Percepts 1. I undertake the training rule to abstain from taking life. 2. I undertake the training rule to abstain from taking what is not given. 3. I undertake the training rule to abstain from sexual misconduct. 4. I undertake the training rule to abstain from false speech. 5. I undertake the training rule to abstain from fermented drink that causes heedlessness. Eight Percepts 1. I undertake to abstain from causing harm and taking life (both human and non-human). 2. I undertake to abstain from taking what is not given (for example stealing, displacements that may cause misunderstandings). 3. I undertake to abstain from sexual activity. 4. I undertake to abstain from wrong speech: telling lies, deceiving others, manipulating others, using hurtful words. 5. I undertake to abstain from using intoxicating drinks and drugs, which lead to carelessness. . I undertake to abstain from eating at the wrong time (the right time is after sunrise, before noon). 7. I undertake to abstain from singing, dancing, playing music, attending entertainment performances, wearing perfume, and using cosmetics and garlands (decorative accessories). 8. I undertake to abstain from luxurious places for sitting or sleeping, and overindulging in sleep.

Is Electromagnetic Radiation Dangerous?

Is Electromagnetic Radiation Dangerous? There are many rumors and claims about electromagnetic radiations risk. So investigation about some rumors about electromagnetic radiations risk is gathered to this paper. As a result, we got information (1) non-ionizing radiation from home electronics is not severely harmful for us, (2) strong electromagnetic radiation will cause machine error to generate sparks and electrical currents, (3) electromagnetic hypersensitivity is not regarded as a medical condition, and (4) electronic harassment may exist. These results means electromagnetic radiation has risk of machine errors and misuse. But machine errors caused by electromagnetic radiation are taken measures. So we should take measure to misuse of electromagnetic radiation. Index Terms electromagnetic radiation, risks of electromagnetic radiation, machine errors, electronic harassment I. INTRODUCTION Electromagnetic wave is dangerous, electromagnetic radiation makes us leukemia, cancer, and cataract. Such rumors about electromagnetic radiations risk are in many websites and books. Electromagnetic wave and electromagnetic radiation are invisible, odorless, and of course, vapidly. So we can not where electromagnetic waves exist and we tend to think insensible things are false or very dangerous. What is electromagnetic wave and electromagnetic radiation? Electromagnetic wave is wave, of course. Electromagnetic wave can propagate in a vacuum and matter independently [1]. Also, electromagnetic wave is made from electric fields and magnetic fields [1]. So electromagnetic waves are generated from electric currents. On the other hand, electromagnetic radiation is a phenomenon which electromagnetic waves carry energy and spread [1]. It is often called EMR. Also, there are many kinds of EMR. For example, x-rays, microwaves, and light. EMR is classified by its waves frequency or wavelength [1]. High frequency electromagnetic waves have short wavelength and high energy, and low frequency electromagnetic waves have long wavelength and low energy. If frequency of electromagnetic wave changes, EMRs characteristic and behavior also changes [1]. For example, EMR such as ultraviolet, x-rays, and gamma rays have high frequency and high energy enough to ionize atoms and molecules [2]. They are called ionizing radiation. Ionizing radiation is contributing to medical treatment, industry, and power generation. But because of its high energy, it causes DNA damage and radiation poisoning when it is misused [2]. On the other hand, EMR such as visible light, infrared, microwaves, and radio waves have low frequency and low energy not enough to ionize atoms and molecules [3]. So they are called non-ionizing radiation. Risks of ionizing radiation are easy to show and easy to understand whereas risks of non-ionizing radiation are very difficult to study. So there are many rumors about non-ionizing radiations risks in many websites and books. For more arranged information about EMR, to use diagrams of the electromagnetic spectrum like Fig 1. are good ways. The electromagnetic spectrum means possible frequency of electromagnetic waves and the electromagnetic spectrum is often expressed as a diagram with useful information. So you can understand relationship between frequency and EMRs characteristics easily to use diagrams of the electromagnetic spectrum. à ¢Ã¢â‚¬ ¦Ã‚ ¡. METHOD Figure 1. An example of electromagnetic spectrums diagram. Figure reproduced from [4]. Today, Scientists have enormous knowledge about electromagnetic radiation. But in fact, there are many rumors about electromagnetic radiation. Risks of electromagnetic radiation are ambiguous and we do not know clearly about risks of electromagnetic radiation especially non-ionizing radiation. So the study investigated about some common rumors about electromagnetic radiation, (1) electromagnetic radiations from power lines, power plants, TVs, and mobile phones are bad for our body and they cause leukemia and cancer, (2) Electromagnetic radiation causes machine errors, (3) Electromagnetic radiation cause electromagnetic hypersensitivity, (4) Some people are misusing electromagnetic radiation for electronic harassment. To clarify risks of electromagnetic radiation is important for proper measure, proper regulation, and safer society. à ¢Ã¢â‚¬ ¦Ã‚ ¡. METHOD To do these investigations, online resources were used. In this paper, Wikipedia and WHOs factsheets were mainly used, and some websites about electronic harassment were used. Also, to find these online resources, Google was used. Keyword electromagnetic wave was used in Google to find [1], and [2], [3], [4] were found as link in [1]. Also, keywords electromagnetic radiation health were used in Google to find [5], and [6] was found as link in [5]. In addition, keywords WHO electromagnetic wave health were used in Google to find [7], and [8] were found as link in [7]. Finally, keywords à ©Ã¢â‚¬ ºÃ‚ »Ãƒ §Ã‚ £Ã‚ Ãƒ ¦Ã‚ ³Ã‚ ¢ à §Ã…  Ã‚ ¯Ãƒ §Ã‚ ½Ã‚ ª(electromagnetic wave crime) were used in Google to find [10], and [9] were found as link in [10]. à ¢Ã¢â‚¬ ¦Ã‚ ¢. RESULTS First, according to Wikipedia and WHOs factsheets, electromagnetic radiations from power lines, power plants, TVs, and mobile phones are not severely harmful for us [5,6,7]. Electromagnetic radiations from power lines, power plants, TVs, and mobile phones have extremely low frequency electromagnetic waves. So they do not have energy enough to destroy or burn cells and DNA. Also, according to WHOs research, there are no evidences that show extremely low frequency electromagnetic waves are harmful for cells and DNA [8]. In other words, non-ionizing radiations from home electronics are safe if they are not too strong. Also, these online resources refer to electromagnetic hypersensitivity. Electromagnetic hypersensitivity is a disease which causes self-described headaches, nauseas, and lassitude. People who have Electromagnetic hypersensitivity claim we feel sick where electromagnetic radiations exist and electrical devices which generate electromagnetic radiation such as mobile phones, TVs, and computers make us sick. But these online resources also say electromagnetic radiation is not responsible for electromagnetic hypersensitivity [5,6,7,]. In addition, electromagnetic hypersensitivity is not regarded as a medical condition. It may come from a fear of electromagnetic radiations or placebo effects. Second, strong electromagnetic radiation cause electrical currents and electrical arcs (sparks) and electrical currents and electrical arcs from strong electromagnetic radiation cause machines overloads and errors. Also, strong electromagnetic radiation cause explosion to ignite flammable objects and gases to cause sparks. Like this, it often causes severe accidents [5]. Especially, army must think of this risk because strong electromagnetic radiation can make errors weapons such as missiles and bombers. For example, US Army defines electromagnetic radiation hazards (RADHAZ or EMR hazards): Hazards caused by electrical equipments such as radars and antennas that generates strong electromagnetic radiation near weapons, fuels, and people. Of course, if the accidents cause, they will be big and dangerous. So, for example, MIL-STD-464A shows electromagnetic radiation assessment. Third, electronic harassment may exist [9,10]. Electronic harassment is a severe harassment using electromagnetic radiation to torture and damage target parson from far places. This harassment leaves very few evidences, so electronic harassment is considered as an urban myth. But there are many groups and networks of victims of electronic harassment and most victims are reporting harassments and damages specifically, gathering evidences, and revealing severe harassment. Some people claim they have schizophrenia and obsession. But many victims of electronic harassment can think logically and they leave their consideration. Some victims study electromagnetism hard and do experiments. Also, many documents imply electronic harassment is executable todays technology [9,10]. à ¢Ã¢â‚¬ ¦Ã‚ £. DISCUSSION These results means electromagnetic radiation is not dangerous if it is controlled or in ordinary environments. Of course, ionizing radiation is dangerous if it is not controlled, but non-ionizing radiation do not cause severe health problems. So extremely low frequency wave from power lines, power plants, TVs, and mobile phones is not very dangerous for us. In addition, if the risk of leukemia and cancer doubles, the number of patient of leukemia and cancer will increase very little because the risk of leukemia and cancer is very little. But these results also mean electromagnetic radiation has risk of machine errors and misuse. We must control electromagnetic radiation, especially strong electromagnetic radiation properly, to prevent terrible accidents such as explosion. Also, machine errors caused by electromagnetic radiation are taken measures, but misuse of electromagnetic radiation is not taken measures. So we should think of take measures to misuse of electromagnetic radiation such as electronic harassment. If misuses of electromagnetic radiation such as electronic harassment are not taken measured, our society will be horrible, and oppressed. Thus, electromagnetic radiations have the risk of machine error and misuse such as electronic harassment. So we should make new regulation about electromagnetic radiation as soon as possible. Video Games: A Great Source Of Entertainment Video Games: A Great Source Of Entertainment Nowadays, people in the world are so busy with their activities where they do not have enough time to waste. This is why for getting a job, they need to be trained. And video games can now play a vital role for this. For example, if someone wants to learn driving, he can use video game console to train himself. There are so many institutes that train people in virtual world. And this is now saving peoples valuable time. Some researchers report that video game make people smarter. As Dr Bavelier, (2012) points out that, people who play action games such as shooting games make them faster. This is why they can focus well in their specific job field. It is kind of training. In addition, multitasking means people who can do different tasks at the same time. For example, people who play shooting or action games are faster at changing tasks than other people (Bavelier, 2012). In addition, gamers can do physical and mental exercise by playing video games. When a gamer plays video game, he needs to be faster and alert all the time. For example, when someone plays racing games, suddenly he may needs to change his direction and he has to do this quickly. And it affects their brain. That is why they always think quickly. Not only that, there are some strategy games can make them clever. For instance, when they play this kind of games, they always have to concentrate and think critically. And at that time, their brain work rapidly and make them faster, quicker and clever in real life. According to Park, (2011). there are some games such as walking on a treadmill or dance dance revolution can help gamers for doing physical exercise. For example, gamers need to press the gamepad button quickly as well as they have to move their body all the time. Moreover, video games also might help people to learn english, especially who do not know english very well. For examp le, some action-strategy games such as L.A Noire, Grand Theft Auto, Desperadoes and so on have some critical missions where gamers must need to know english very well. Otherways, gamers may not understand the purpose of the mission. There was a research by the Office of Naval Research (ONR) reports that, people who play videogames can perform 10-20 percent higher than non-game players. So, videogames improving their abilities. In addition, there are certain video games such as Brain Age and Guitar Hero can also improve gamers hand-eye coordination as well as boost auditory sense (Dr. Kornel, 2011). According to Kornel, (2011), brain is always working and it is in learning mode. That is why new synapses are being formed between the neurons. And it means, gamers are learning something new through games. Not only that, videogames can help people to make a good interaction in social life. For example, children can play just dance with their parents or grandparents. This is a kind of bridge between two generation. Moreover, young adults or children play games online. For example, gamers who play Fifa, can create a tournament and add their friends online. This is why, they can maintain social life in the virtual world and it helps them to keep in touch with their friends and family. However, video game software and hardware companies such as EA, nintendo, konami, sega, ubisoft, DS, sony, microsoft and so on are selling millions of games and hardware every year. And this amount is increasing. They are earning millions of dollars every year. In 2010, nintendo earned $15.75 billion, Sony earned $13.4 billion, Microsoft got $12.82 billion as well as there are so many companies earned billions of dollars at the same time. Not only that, game developers are also get a large amount of money as their salary. Develop stuff (2013) reports that the average income of game developer is more than  £34000. So, this is one of the most valuable business in all over the world. On the other hand, there are also some demerits of playing video games. Many people claim that, crime and violence are being increased because of video games. And it is true that, there are some notorious crimes are occurring by young adults and adults. Especially, those who are between the age group of 18-35. Violent games such as Call of Duty, Grand Theft Auto, Mafia and so on are responsible to enhance people to do crime. There are some dangerous violence had occurred past few years. According to NDTV, (2012) reports that, Anders Behring Breivik killed 69 innocent people in Norway. There were more than 400 hundred people included police in the island also he wanted to kill all of them. And then, investigators found that Breivik actually inspired by violent video games to kill people. And he trained himself by playing this kind of games. The Guardian, (2012) also reports that an american gunman killed 20 people in a school. And he also inspired by violent video games. And this is k ind of sickness. Moreover, people who are mentally sick by playing video games robbing banks, doing crimes on the street and so on. Actually, this kind of people feel lonely and play violent video games more than 12 hours everyday and they are not keep in touch with their family. This is why, it affects them much than other gamers. And this kind of addiction make them sick mentally. Moreover, nowadays children and young adults do not go to playground that much. Rather, they love to stay at home and play video games on playstation or xbox. This is why they can not get the real taste of playing sports such as football, basketball and so on. In addition, day by day they stop making interaction with their family and friends. They maintain social life, but this is on in virtual world. This is why it affects on their brain and in future they may fear people to meet. Because their brain is not used to it. It means lack of social contacts. Moreover, for these reasons, their behave start to change specially the people who play play violent video games. They behave aggressively with the people and that kind of sickness make them introvert. So, to lead a healthy and beautiful life, negative behaves can not be expected. Video games have positive and negative sides. And negative sides can be reduced by playing some necessary roles. For example, parents should look after their children properly such as what they do and what they play. They can make a daily routine for their children. Therefore, children or young adults will play games at their leisure times. In addition, parents can take their children to the playground and play games with them. That is why, children can stay close with their parents. This is how can parents guide their children. Children and young adults can learn many positive things from their school. For example, teachers can teach them about the positive and negative sides of playing games. Moreover, they can also teach them to make a better social life. Not only that, government and media can play a very important role. For instance, they can advertise about the demerits of playing video games and not to do any violence or a crime. In conclusion, people can not blame only video games for crimes or violence. Because, their are millions of people play videogames all over the world. They all are not doing crimes or violence. So it can be said that, play videogames for joyment. It is true that, video games have negative sides. But it can be improved. That is why, necessary steps should be taken to control the crimes and violence.

Karl Marxs Life and Work Essay -- Karl Marx Biography Biographies Ess

Karl Marx's Life and Work As a German philosopher, a politician, and an important figure within the Communist League, Karl Heinrich Marx birthed a new way of looking at things through his beliefs, ideas, and writings. Karl Marx was considered to be â€Å"†¦certainly one of the most important minds of modern times†(1). He wanted to know more about philosophy, so that he might understand the political and social system better. http://csf.colorado.edu/mirrors/marxists.org/archive/marx/photo/index.htm On May 5th, 1818, in Trier, Karl Marx was born of Heinrich and Henrietta Marx in the German Rhineland. Studies say that Karl’s family was of a large size, consisting of about four children: Karl, Sophie, Emilie, and Luise. His mother, whom belonged to a family of Hungarian Jews, died in 1863,yet was always considered to be a lovely wife and mother. The Jewish blood that ran through the family ultimately impacted Karl’s fate. When Karl was six years old, he adopted Christianity because at the time it was considered as an act of civilized progress. His father, a highly educated lawyer whom admired eighteenth century literature (of the French Enlightenment), was a â€Å"Prussian patriot† and a Jewish believer. Karl and his father held a personal relationship, to which they enjoyed a close friendship. His father did indeed influence him greatly, but Karl â€Å"did not believe in the power of rational argument to influence action,† (2) as did his father . In high school, Marx was a good student, whom often expressed interest in the peasant community. He also evolved into a reader of new romantic literature. In 1835, he was a student at the University of Bonn and had ... ...death influence the lives of many. Notes: 1. Robert C. Tucker, Philosophy and Myth in Karl Marx (New Brunswick, NJ: Transaction Publishers, 2001), 233. 2. Isaiah Berlin, Karl Marx: His Life and Environment, 4th ed. (Oxford [Eng.]; New York: Oxford University Press, 1978), 22. 3. Franz Mehring, â€Å"Karl Marx: The Story of His Life†, Chapter One: Early Years, October 2000 http://www.marxists.org/archieve/mehring/works/marx/ch01.htm (10-29-01) 4. Mehring, 3 5. Mehring, 6 6. David Riazanov, â€Å"Karl Marx and Frederick Engels†, An Introduction to Their Lives and Work, 1927, . 7. Riazanov, ch 2 8. Riazanov,ch 4 9. David Mclellan, Karl Marx: His Life and Thought (New York, Evanston, San Francisco, London, 1973), 451.

Essays --

There are two main goals when it comes to the juvenile justice system: reducing crime and rehabilitation. Status offender’s cases and delinquent cases differ when it comes to processing and when it is time to face a judge in court. A delinquent offense is an act committed by a juvenile for which they can be tried as an adult and be prosecuted in criminal court. Running away from home, truancy, curfew violation and underage drinking are examples of status offenses. They aren’t punished with such harshness as a delinquent offender would. All of these behaviors are not always considered law violations. These behaviors in many states are viewed as indicators that the child is in need of supervision and they often respond to the behavior with the outcome being social services. This different characterization of status offenses causes them to be handled more like dependency than delinquency cases. This is why the juvenile courts should definitely be split into two separate courts. Of course there’s going to be advantages and disadvantages to this process. I do feel that both taxpayers an...

Traditional Foods for Chinese Festival

Chinese Food: Traditional Foods for Chinese Festival Chelsea Yu 15th, Sep, 2012 First Draft of Chapter 2, 3 Pages IE924 Academic Writing ? China is famous for foods, especially which must be prepared for traditional festivals. These foods are made with traditional recipes and related to their meaning, ancient legend or historical story, which are passed along generation to generation. Among these traditional foods, â€Å"Nian-gao†, †Yuebing†, and â€Å"Zongzi† are representative. â€Å"Nian-gao†, a kind of traditional food with its own recipe, is also called rice cake or New Year cake, which must be prepared for the Lunar New Year because of its meaning.In the Spring Festival, people from different regions will cook rice cakes in different ways according to their customs. There are various kinds of famous rice cakes in different territories, such as: white rice cakes made of millet in the northern China, yellow rice cakes made of coarse rice in Saibei region, white New Year cakes made of rice in the regions south of the Yangtze River, and the sticky cakes made of sticky rice in the regions in the southwest China. Moreover, people also have different flavors of rice cakes.People prefer steamed or fried rice cakes in the northern China, which are always sweet while residents in southern China still like stir-fried rice cakes and salty cakes in soup. In addition, the food â€Å"Nian-gao† has special meaning. The pronunciation of it in Chinese is similar to the Chinese blessing words that mean prosper for the next year. People believe that they will be better in the coming year after eating the New Year cakes. The second traditional food is â€Å"Yuebing†, which is well-known as the name â€Å"Mooncake† and the related legend.It appeared in the Tang Dynasty as a sacrifice for the emperor at the Mid-Autumn Festival and changed to be popular traditional food. â€Å"Yuebing† is always classified by regions, flavors, fillings, and exteriors. The most common â€Å"mooncake† comes from Guangdong district and can be enjoyed in many cities like Shanghai, Hong Kong, and Beijing. The skin of this kind of â€Å"Mooncake† is made of wheat powder mixed with sugar, and oil. There are many different fillings decided by different people, like sweetened bean paste, lotus seed paste, egg yolk, or jam paste.In addition, â€Å"mooncake† represents the meaning of reunion, the origin of which is about a Chinese legend: The goddess in the moon could only return to the earth to reunite with her husband when he had a â€Å"mooncake† on the specific day which was the Mid-Autumn festival. Nowadays, â€Å"Yuebing† has become more and more popular because of many new recipes. The third food is called â€Å"Zongzi† in mandarin and rice dumpling in English. It has always been attached to a Chinese historical story. â€Å"Zongzi† is a traditional food for the Dragon Boat Festival.Compared to the two former foods, rice dumplings are much easier to make at home. At the festival, some people will have a competition for fun about making â€Å"Zongzi†, and the fastest one is the winner. Most of â€Å"Zongzi† are composed of glutinous rice and meat or egg folk, wrapped by bamboo leaves, and steamed finally. Additionally, there is a famous historical story about the origin of the food. In ancient China, there was a loyal minister who provided suggestions to the emperor to improve the country. However, the emperor not only did not take his suggestions, but also banished him.With heavy pressure and disappointment, the minister whose name was QuYuan jumped to the river to commit suicide. Common people wanted to protect his body from fish by throwing rice dumplings to the river. After that, people started to eat rice dumplings in memory of him. Traditional foods like â€Å"Nian-gao†, †Yuebing†, and â€Å"Zongzi† in Chinese festivals have undergone many changes in flavors or recipes, but for Chinese people, the traditional recipes and the meaning, legend, historical story will never be forgotten.

Training Report on Wholesale Banking Operation in Axis Bank.

REPORT ON SUMMER TRAINING OF Submitted to KCL-IMT (PTU) In partial fulfillment of the requirements for the award of degree of MASTER OF BUSINESS ADMINISTRATION Submitted by: Name of the student : KIRAN DOGRA Roll No: 1174251| Supervisor: Dr. SUKHMANI WARAICH Ass. prof. | DEPARTMENT OF MANAGEMENT KCL-IMT JALANDHAR BATCH-2011-2013 DECLARATIONI, â€Å"KIRAN DOGRA†, hereby declare that the work presented herein is genuine work done originally by me and has not been published or submitted elsewhere for the requirement of a MBA program me. Any literature, data or works done by others and cited within this research project has been given due acknowledgement and listed in the reference section. _______________________ (Student's name ; Signature) PREFACE Someone has rightly said that practical experience is for  better and closer to the real world then mere theoretical exposure. The practical experience helps the students view the real world closely, which in turn widely nfluences their  perceptions and argument their understanding of the real situation. Report work constitutes the backbone of any management education program me. A management student has to do report work quite frequently during his entire span. The report work entitle â€Å"WHOLESALE BANKING OPERATION OF AXIS BANK† aims to analyze various services and products provided by AXIS and for this purpose TANDA city have been chosen. CERTIFICATE This is to certify that the project work of Ms. KIRAN DOGRA on WHOLESALE BANKING OPERATION with AXIS BANK has been compiled under my supervision and guidance. _________________________ (Faculty Name ; Signature) ACKNOWLEDGEMENT I present this project report on â€Å"whole banking operations† IN AXISBANK LTD. , WARDHA with a sense of great pleasure and satisfaction. I undersign with pleasure take this opportunity to thank all those related directly or indirectly in preparation of this project report. I started working on this project under the invaluable guidance of Honorable Miss. Riddhi Deshpande mam for which I am very much thankful for her valued time given for the purpose. Without her co-operation our project work would have been difficult to complete.I express our sincere thanks to Mr. HITESH RAWAL, (Branch Manager) in Axis Bank Ltd. ,TANDA and staff in that organization. I am also thankful to Dr. INDERPREET SINGH sir [Director of our college] and Miss. sukhmani waraich [Project In charge] to allow us to carry out this project. I also thank all my friends who have more or less contributed to the preparation of this project report. I will be always indebted to them. INDEX S. No. | CHAPTERS| PAGE No. | 1. | CHAPTER – 1 (COMPANY PROFILE)| 8-22| 1. 1 | Introduction of axis bank| 8| 1. 2| History of axis bank| 9-13| 1. 3| Management of axis bank| 14-15| 1. | Definition of banking| 15| 1. 5| Meaning of banking| 15| 1. 6| Product of axis bank| 15-16| 1. 7| Customer services on banking operation| 16-17| 1. 8| Tradit ional banking activity | 17| 1. 9 | Accounting for bank account| 17-18| 1. 10| Economic function| 18-20| 1. 11| Types of investment ban| 20| 1. 12| Mortgage banking| 20-22| 1. 13| KYC (know your customer)| 22| 1. 14| Competitors | 22| | | | 2. | CHAPTER – 2| 23-26| | Need, Scope, Objectives, methodology and limitation of the study. | 23-26| | | | | | | 3. | Chapter – 3| 27-38| 3. 1| Project introduction| 27| 3. 2| Meaning of wholesale banking operation| 27-28| . 3| Concept | 28-34| 3. 4| Current account information| 34-35| 3. 4. 1| Channel one:(for successful business)| 34| 3. 4. 2| Builders and real estate| 35| 3. 5| Training in wholesale banking operation| 35-38| 3. 5. 1| Corporate| 35-36| 3. 5. 2| Small and medium enterprises| 36-37| 3. 5. 3| Government | 37-38| | | | 4. | Chapter – 4| 39-51| 4. 1| Data analysis| 39-51| | | | 5. | Chapter – 5| 52| 5. 1| Finding and suggestion| 52| 5. 2| Conclusion and recommendation| 52| | | | 6. | Chapter – 6| 53| | Bibliography| 54| | Appendices-Customer Feedback Form| 55-57| CHAPTER 1 1. COMPANY PROFILE 1. INTRODUCTION OF AXIS BANK Commercial banking services which includes merchant banking, direct finance infrastructure finance, venture capital fund, advisory, trusteeship, forex, treasury and other related financial services. Axis Bank Limited  is an Indian  financial services  firm that had begun operations in 1994, after the  Government of India  allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the Specified Undertaking of the Unit Trust of India  (UTI),  Life Insurance Corporation of India  (LIC), General Insurance Corporation Ltd. , National Insurance Company Ltd.The New India Assurance Company,  The Oriental Insurance corporation  and  United India Insurance Company  UTI holds a special position in the Indian capital markets and has promoted many leading financial institutions in the country. As on the year ended 31 March, 2012, Axis Bank had an operating revenue of 13,437 crores and a net profit of 4242 crores. Axis Bank opened its registered office in Ahmedabad and corporate office in Mumbai in December 1993. The first branch was inaugurated in April 1994 in Ahmedabad by Dr. Manmohan Singh , then the honorable Finance Minister . 1. 2 HISTORY OF AXIS BANK 1993:The Bank was incorporated on 3rd December and Certificate of business on 14th December. The Bank transacts banking business of all description. UTI Bank Ltd. was promoted by Unit Trust of India, Life Insurance Corporation of India, General Insurance Corporation of India and its four subsidiaries. The bank was the first private sector bank to get a license under the new guidelines issued by the RBI. 1997: The Bank obtained license to act as Depository Participant with NSDL and applied for registration with SEBI to act as `Trustee to Debenture Holders'. Rupees 100 crores was contributed by UTI, the rest from LIC Rs 7. crores, GIC and its four subsidiaries Rs 1. 5 crores each. 1998: The Bank has 28 branches in urban and semi urban areas as on31st July. All the branches are fully computerized and networked through VSAT. ATM services are available in 27 branches. The Bank came out with a public issue of 1,50,00,000 No. of equity shares of Rs10 each at a premium of Rs 11 per share aggregating to Rs 31. 50crores and Offer for sale of 2,00,00,000 No. of equity shares for cash at a price of Rs 21 per share. Out of the public issue 2, 20,000 shares were reserved for allotment on preferential basis to employees of UTI Bank.Balance of 3, 47, 80,000 shares were offered to the public. The company offers ATM cards, using which account-holders can with draw money from any of the bank's ATMs across the country which is inter-connected by VSAT. UTI Bank has launched a new retail product with operational flexibility for its customers. UTI Bank will sign a co-brand agreement with the market, leader, Citibank NA for entering i nto the highly promising credit card business. UTI Bank promoted by India's pioneer mutual fund Unit Trust of India along with LIC, GIC and its four subsidiaries. 1999: UTI Bank and Citibank have launched an international co-branded Credit card.UTI Bank and Citibank have come together to launch an international co-branded credit card under the Master Card umbrella. UTI Bank Ltd has inaugurated an offsite ATM at Ashok Nagar here, taking the total number of its offsite ATMs. 2000: The Bank has announced the launch of Tele-Depository Services for Its depository clients. UTI Bank has launch of `I Connect', its Internet banking Product. UTI Bank has signed a memorandum of understanding with equitymaster. com for e-broking activities of the site. Infinity. com financial Securities Ltd. , an e-broking outfit is Typing up with UTI Bank for a banking interface.Geojit Securities Ltd, the first company to start online trading services, has signed a MoU with UTI Bank to enable investors to buys ell demat stocks through the company's website. India bulls have signed a memorandum of understanding with UTI Bank. UTI Bank has entered into an agreement with Stock Holding Corporation of India for providing loans against hares to SCHCIL's customers and funding investors in public and rights issues. ICRA has upgraded the rating UTI Bank's Rs 500 crores certificate of deposit programmed to A1+. UTI Bank has tied up with L&T Trade. com for providing customized online trading solution for brokers. 001: UTI Bank launched a private placement of non-convertible debentures to rise up to Rs 75 crores. UTI Bank has opened two offsite ATMs and one extension counter with an ATM in Mangalore, taking its total number of ATMs across the country to 355. UTI Bank has recorded 62 per cent rise in net profit for the quarter ended September 30, 2001, at Rs 30. 95 crores. For the second quarter ended September 30, 2000, the net profit was Rs 19. 08 crores. The total income of the bank during the quar ter was up 53 per cent at Rs 366. 25 crores. 2002: UTI Bank Ltd has informed BSE that Shri B R Barwale has resigned as a Director of the Bank w. . f. January 02, 2002. A C Shah, former chairman of Bank of Baroda, also retired from the bank’s board in the third quarter of last year. His place continues to be vacant. MD a modern took over as the director of the board after taking in there INS of UTI. B S Pandit has also joined the bank’s board subsequent to the retirement of K G Vassal. UTI Bank Ltd has informed that Shri Paul Fletcher has been appointed as an Additional Director Nominee of CDC Financial Service (Mauritius) Ltd of the Bank . And Shri Donald Peck has been appointed as an Additional Director (nominee of South Asia Regional Fund) of the Bank.UTI Bank Ltd has informed that on laying down the office of Chairman of LIC on being appointed as Chairman of SEBI, Shri G N Bajpai, Nominee Director of LIC has resigned as a Director of the Bank. 2003: UTI Bank Ltd has informed BSE that at the meeting of the Board of Directors of the company held on January 16, 2003, Shri R N Bharadwaj, Managing Director of LIC has been appointed as an Additional Director of the Bank with immediate effect. – UTI Bank, the private sector bank has opened a branch at Nellore. The bank’s Chairman and Managing Director, Dr P. J. Nayak, inaugurating the bank branch at GT Road on May 26.Speaking on the occasion, Dr Nayak said. This marks another step towards the extensive customer banking focus that we are providing across the country and reinforces our commitment to bring superior banking services, marked by convenience and closeness to customers. -UTI Bank Ltd. has informed the Exchange that at its meeting held on June 25, 2003 the BOD have decided the following: 1) To appoint Mr. A T Pannir Selvam, former CMD of Union Bank of India and Prof. Jayanth Varma of the Indian Institute of Management, Ahmadabad as additional directors of the Bank with immediate effect.Further, Mr. Pannir Selvam will be the nominee director of the Administrator of the specified undertaking of the Unit Trust of India (UTI-I) and Mr. Jayanth Varma will be an Independent Director. 2) To issue Non-Convertible Unsecured Redeemable Debentures up to Rs. 100 crores, in one or more tranches as the Bank's Tier – II capital. -UTI has been authorized to launch 16 ATM son the Western Railway Stations of Mumbai Division. -UTI filed suit against financial institutions IFCI Ltd in the debt recovery tribunal at Mumbai to recover Rs. 5cr in dues. -UTI bank made an entry to the Food Credit Programme; it has made an entry into the 59 cluster which includes private sector, public sector, old private sector and co-operative banks. -Shri Ajeet Prasad, Nominee of UTI has resigned as the director of the bank. -Banks Chairman and MD Dr. P. J. Nayak inaugurated a new branch at Nellore. -UTI bank allots shares under Employee Stock Option Scheme to its employees. -Unveils pre-p aid travel card ‘Visa Electron Travel Currency Card' -Allotment of 58923equity shares of Rs 10 each under ESOP. UTI Bank ties up with UK govt fund for contract farm in -Shri B S Pandit, nominee of the Administrator of the Specified Undertaking of the Unit Trust of India(UTI-I) has resigned as a director from the Bank w e f November 12,2003. -UTI Bank unveils new ATM in Sikkim. 2004: Comes out with Rs. 500 Unsecured Redeemable Non-Convertible Debenture Issue, issue fully subscribed -UTI Bank Ltd has informed that Shri Ajeet Prasad, Nominee of the Administrator of the Specified Undertaking of the Unit Trust of India (UTI – I) has been appointed as an Additional Director of the Bank w. e. f. January 20,2004. UTI Bank opens new branch in Udupi-UTI Bank, Geojit in pact for trading platform in Qatar -UTI Bank ties up with Shri ram Group Cos-Unveils premium payment facility through ATMs applicable to LIC UTI Bank customers –Metal junction (MJ)- the online trading and pr ocurement joint venture of Tata Steel and Steel Authority of India(SAIL)- has roped in UTI Bank to start off own equipment for Tata Steel. -DIEBOLD Systems Private Ltd, a wholly owned subsidiary of Diebold Incorporated, has secured a major contract for the supply of ATMs an services to UTI Bank -HSBC completes acquisition of 14. % stake in UTI Bank for . 6 m -UTI Bank installs ATM in Thiruvananthapuram –Launches Remittance Card' in association with Remit2India, a Web site offering money transfer services. 2005: * UTI Bank enters into a banc assurance partnership with Bajaj Allianz General for selling general insurance products through its branch network. * UTI Bank launches its first Satellite Retail Assets Centre (SRAC) in Karnataka at Mangalore. 2006: * UBL sets up branch in Jaipur. UTI Bank unveils priority banking lounge. * UTI Bank launches operations of UBL Sales, its Sales Subsidiary -Inaugurates its first office in Bangalore. * UTI Bank announces the launch of its Cre dit Card Business. * UTI Bank becomes the first Indian Bank to successfully issue Foreign Currency Hybrid Capital in the International Market. * UTI Bank Business Gold Debit Card MasterCard Launched – Designed for business related spending by SMEs and self employed professionals. 2007:AXIS Bank Ltd has informed that consequent upon handing over charge as Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), Shri. S B Mathur, the Nominee Director of SUUTI has resigned as a Director of the Bank December 06, 2007. * AXIS Bank Ltd has informed that Fitch Ratings on December 14, 2007, has upgraded the Bank's National Long-term rating to ‘AAA(ind)' from ‘AA+(ind)'. * AXIS Bank Ltd has appointed Shri K N Prithvi raj as an Additional Director on the Board at Directors of the Bank. * Company name has been changed from UTI Bank Ltd to Axis Bank Ltd. 008: * Axis Bank launches Platinum Credit Card, India's first EMV chip based card. * Axis Bank set up its branch at Ilanji at Meenakshi Nagar on the Coutralam-Madurai road on April 16. 2009: * Axis Bank today said its board has recommended the appointment of Shikha Sharma, currently chief of ICICI group's life insurance business, as its next managing director and CEO. * Axis Bank has set up a new branch at Perumbavoor. The bank has a network of 832 branches along with 8 extension counters and 3622 ATMs across the country. Axis Bank, on Wednesday entered into a strategic alliance with Motilal Oswal, the financial services firm, in order to facilitate the online trading for the bank's customers. * AXIS Bank Ltd has informed that the Board of Directors of the Bank at its meeting held on June 01, 2009, inducted Smt. Shikha Sharma as an Additional Director of the Bank. * Axis bank has received final clearance from the Securities and Exchange Board of India (SEBI) to begin its mutual fund operations and will launch debt and equity schemes soon whereas IDBI Bank is awaiting the regulator' s permit for an entry. Axis Bank opened the new branch at Irinjalakuda while it has a network of 892 branches, 8 extension counters and 3,806 ATMs across the country. 2010: Axis Bank Limited has informed that at the meeting of the Board of Directors held on January 15, 2010, the following decisions were taken: * To appoint Dr. Adarsh Kishore, former Finance Secretary, Government of India and former Executive Director, International Monetary Fund representing Bangladesh, Bhutan, India and Sri Lanka as the Non-Executive Chairman of the Bank, subject to RBI approval; * To appoint Shri S.B. Mathur, former Chairman, LIC and the National Stock Exchange of India, as an Additional Independent Director, with immediate effect. 1. 3 MANAGEMENT OF AXIS BANK ORGANIZATION STRUCTURE OF AXIS BANK PROMOTERS: Axis Bank Ltd. has been promoted by the largest and the best Financial Institution of the country, UTI. The Bank was set up with a capital of Rs. 115 crores, with UTI contributing Rs. 100 Crores , LIC – Rs. 7. 5 Crores and GIC and its four subsidiaries contributing Rs. . 5 Crores each SUUTI – Shareholding 27. 02%Erstwhile Unit Trust of India was setup as a body corporate under the UTI Act, 1963, with a view to encourage savings and investment. In December 2002, the UTI Act, 1963 was repealed with the passage of Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 by the Parliament, paving the way for the bifurcation of UTI into 2 entities, UTI-I and UTI-II with effect from1st February 2003. In accordance with the Act, the Undertaking specified as UTI I has been transferred and ested in the Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI), who manages assured return schemes along with 6. 75% US-64 Bonds,6. 60% ARS Bonds with a Unit Capital of over Rs. 14167. 59 crores. The Government of India has currently appointed Shri K. N. Prithviraj as the Administrator of the Specified undertaking of UTI, to look after and admini ster the schemes under UTI where Government has continuing obligations and commitments to the investors, which it will uphold. 1. 4 DEFINITIONS OF BANKINGA bank is a financial institution licensed by a government. Its primary activity is to lend money. Many other financial activities were allowed over time. For example banks are important players in financial markets and offer financial services such as investment funds. Banking can also be defined as engaging in the business of keeping money for savings and checking accounts or for exchange or for issuing loans and credit. Transacting business with a bank: Depositing or withdrawing funds or requesting a loan.Bank – a supply or stock held in reserve for future use (especially in emergencies) 1. 5 MEANING OF BANKING An organization, usually a corporation, chartered by a state or federal government, which does most or all of the following: receives demand deposits and time deposits, honors instruments drawn on them, and pays in terest on them; discounts notes, makes loans, and invests in securities; collects checks, drafts, and notes; certifies depositor's checks; and issues drafts and cashier's checks. 1. 6 PRODUCT OF AXIS BANK * Product of axis bank * Easy Access Saving Account Saving Account for Women * Prime Saving Account * Senior Citizens Saving Account * Priority Banking * Corporate Salary Account * Trust /NGOs Saving Account * Resident Foreign Currency Account * Online Trading Account * Current Account * Term Deposits * Locker Facilities * NRI Services * Depository Services * Financial Advisory Services * Wealth Management Services * Insurance Solutions – Life and General * Retail Loans * Credit Loans * Travel Currency Cards * Remittance Cards * Gift Cards 1. 7 CUSTOMER SERVICE IN BANKING OPERATION * Cheque Drop Box FacilityRBI's Committee on Procedures and Performance Audit on Public Services has recommended that both the drop box facility and the facility for acknowledgement of the cheques at the regular collection counters should be available to customers and no branch should refuse to give an acknowledgement if the customer tenders the cheques at the counters. * Issue of Cheque Books: The Committee has observed that some banks do not allow depositors to collect their cheque book at the branch but insist on dispatching the cheque book by courier to the depositor.Further, it is stated by the Committee that the deposit or is forced to sign a declaration that a dispatch by the courier is at the depositor's risk and consequence and that the depositor shall not hold the bank liable in any manner whatsoever in respect of such dispatch of cheque book. Committee has observed this as an unfair practice and advised banks to refrain from obtaining such undertakings from depositors. Banks should also ensure that cheque books are delivered over the counters on request to the depositors or his authorized representative. Statement of Accounts / Pass Books: The Committee has noted that banks invariably show the entries in depositor’s passbooks /statement of accounts as â€Å"By Clearing† or â€Å"By Cheque†. Further, in the case of Electronic Clearing System (ECS) and RBI Electronic Funds Transfer (RBIEFTR) banks invariably do not provide any details even though brief particulars of the remittance are provided to the receiving bank. In some cases computerized entries use sophisticated codes which just cannot be deciphered.With a view to avoiding inconvenience to depositors, banks are advised to avoid such inscrutable entries in passbooks statements of account and ensure that brief, intelligible particulars are invariably entered in passbooks / statements of account. Banks may also ensure that they adhere to the monthly periodicity prescribed by us while sending statement of accounts. 1. 8 TRADITIONAL BANKING ACTIVITIES Banks act as payment agents by conducting checking or current accounts for customers, paying cheques drawn by customers o n the bank, and collecting cheques deposited to customers' current accounts.Banks also enable customer payments via other payment methods such as telegraphic transfer, EFTPOS, and ATM. Banks borrow money by accepting funds deposited on current accounts, by accepting term deposits, and by issuing debt securities such as bank notes and bonds. Banks lend money by making advances to customers on current accounts, by making installment loans, and by investing in marketable debt securities and other forms of money lending. Banks provide almost all payment services, and a bank account is considered indispensable by most businesses, individuals and governments.Non-banks that provide payment services such as remittance companies are not normally considered an adequate substitute for having a bank account. Banks borrow most funds from households and non-financial businesses, and lend most funds to households and non-financial businesses, but non-bank lenders provide a significant and in many cases adequate substitute for bank loans, and money market funds, cash management trusts and other non-bank financial institutions in many cases provide an adequate substitute to banks. 1. 9 ACCOUNTING FOR BANK ACCOUNTBank statements are accounting records produced by banks under the various accounting standards of the world. Under GAAP and IFRS there are two kinds of accounts: debit and credit. Credit accounts are Revenue, Equity and Liabilities. Debit Accounts are Assets and Expenses. This means you credit a credit account to increase its balance, and you debit a debit account to increase its balance. This also means you debit your savings account every time you deposit money into it (and the account is normally in deficit), while you credit your credit card account every time you spend money from it (and the account is normally in credit).However, if you read your bank statement, it will say the opposite—that you credit your account when you deposit money, and you debit it when you withdraw funds. If you have cash in your account, you have a positive (or credit) balance; if you are overdrawn, you have a negative (or deficit) balance. There a son for this is that the bank, and not you, has produced the bank statement. Your savings might be your assets, but the bank's liability, so they are credit accounts (which should have a positive balance).Conversely, your loans are your liabilities but the bank's assets, so they are debit accounts (which should have a also have a positive balance). Where bank transactions, balances, credits and debits are discussed below, they are done so from the viewpoint of the accountholder—which is traditionally what most people are used to seeing. 1. 10 ECONIMIC FUNCTION * Issue of money: In the form of bank note sand current accounts subject to cheque or payment at the customer's order. These claim son banks can act as money because they are negotiable and/or repayable on demand, and hence valued at par.They are eff ectively transferable by mere delivery, in the case of banknotes, or by drawing a cheque that the payee may bank or cash. * Netting and settlement of payments: Banks act as both collection and paying agents for customers, participating in interbank clearing and settlement systems to collect, present, be presented with, and pay payment instruments. This enables banks to economies on reserves held for settlement of payments, since inward and outward payments offset each other. It also enables the offsetting of payment flows between geographical areas, reducing the cost of settlement between them. * Credit intermediation:Banks borrow and lend back-to-back on their own account as middle men. * Credit quality improvement: Banks lend money to ordinary commercial and personal borrowers (ordinary credit quality), but are high quality borrowers. The improvement comes from diversification of the bank's assets and capital which provides a buffer to absorb losses without defaulting on its oblig ations. However, banknotes and deposits are generally unsecured; if the bank gets into difficulty and pledges assets as security, to raise the funding it needs to continue to operate, this puts the note holders and depositors in an economically subordinated position. Maturity Transformation: Banks borrow more on demand debt and short term debt, but provide more long term loans. In other words, they borrow short and lend long. With a stronger credit quality than most other borrowers, banks can do this by aggregating issues (e. g. accepting deposits and issuing banknotes) and redemptions (e. g. withdrawals and redemptions of banknotes), maintaining reserves of cash, investing in marketable securities that can be readily converted to cash if needed, and raising replacement funding as needed from various sources (e. g. wholesale cash markets and securities markets). Banking channels: Banks offer many different channels to access their banking and other services: * A branch, banking cent re or financial centre is a retail location where a bank or financial institution offers a wide array of face-to-face service to its customers. * ATM is a computerized telecommunications device that provides a financial institution's customers a method of financial transactions in a public space without the need for a human clerk or bank teller. Most banks now have more ATMs than branches, and ATMs are providing a wider range of services to a wider range of users.For example in Hong Kong, most ATMs enable anyone to deposit cash to any customer of the bank's account by feeding in the notes and entering the account number to be credited. Also, most ATMs enable card holders from other banks to get their account balance and withdraw cash, even if the card is issued by a foreign bank. * Mail is part of the postal system which itself is a system where in written documents typically enclosed in envelopes, and also small packages containing other matter, are delivered to destinations around the world. This can be used to deposit cheques and to send orders to the bank to pay money to third parties.Banks also normally use mail to deliver periodic account statements to customers. * Telephone banking is a service provided by a financial institution which allows its customers to perform transactions over the telephone. This normally includes bill payments for bills from major billers (e. g. for electricity). * Online banking is a term used for performing transactions, payments etc. over the Internet through a bank, credit union or building society's secure website. * Mobile banking is a method of using one's mobile phone to conduct simple banking transactions by remotely linking into a banking network. Video banking is a term used for performing banking transactions or professional banking consultations via a remote video and audio connection. Video banking can be performed via purpose built banking transaction machines (similar to an Automated teller machine), or via a vi deoconference enabled bank branch. 1. 11 TYPES OF INVESTMENT BANKS * Investment banks â€Å"underwrite† (guarantee the sale of) stock and bond issues, trade for their own accounts, make markets, and advise corporations on capital market activities such as mergers and acquisitions. * Merchant banks were traditionally banks which engaged in trade finance.The modern definition, however, refers to banks which provide capital to firms in the form of shares rather than loans. Unlike venture capital firms, they tend not to invest in new companies. 1. 12 MORTGAGE BANKING Mortgage banking deals primarily with originating mortgage loans and servicing them. Read more about it here as well as about what a career in mortgage banking involves. Mortgage banking is meant for a single purpose, to service the real estate finance industry. Mortgage banking deals specifically with originating mortgage loans as well as servicing them.Mortgage banks are state-licensed entities from which consumers can get mortgage loans directly. Usually, mortgage banks avail funds from the Federal National Mortgage Association, or FNMA, also known as Fannie Mae, the Federal Home Loan Mortgage Corporation, or FHLMC, also known as Freddie Mac, or any other large companies that service mortgages, which are related to the secondary mortgage market. Here are a few pointers about the nitty-gritty of mortgage banking. * Mortgage Banks Specialize in Mortgage Loans: Unlike a savings bank that is federally chartered, in general mortgage banks specialize in only providing mortgage loans.Hence, customers do not deposit their money in these banks. As has been mentioned above, the secondary wholesale market is their primary source of funds. Freddie Mac and Fannie Mae are examples of the lenders in the secondary market. * Mortgage Banks Differ in Size: While some mortgage banks can be nationwide, others can originate a volume of loan that can exceed that of a commercial bank that is nationwide. Many of th ese mortgage banks utilize specialty servicers like Real Time Resolutions to carry out tasks like fraud detection work and repurchase. Mortgage Banks have Two Sources of Revenue: The two main sources of income are from loan servicing fees (if they are into loansevicing0, and fees from loan origination. Mortgage bankers, by and large, are choosing not to service the loans they have originated. That is because they are entitled to earn a service-released premium by selling them soon after the mortgage loans are closed and funded. The investor in the secondary market that purchases the loan has the ability of earning revenue for providing servicing of the loan every month the borrower keeps the loan. Different Banking Laws Apply to Mortgage Banks: Mortgage banks usually operate under banking laws that are quite different, according to the state they operate in. You will need to check each individual state’s financial department or state banking in order to get list of mortgage b ankers in each state. While federal laws apply to the operation of a federal bank, in terms of consumer protection, usually consumers have additional rights, which are applicable according to each state. * Mortgage Bankers can be More Competitive:Since they only specialize in lending and do not have to subsidize any of the losses that other departments may have incurred, as in regular banking, mortgage bankers have the ability of being really competitive when lending for mortgage. However, they usually do not have the advantage of accessing adjustable rate mortgages that are low cost, which federal banks are typically associated with, and federal money access. * A Career in Mortgage Banking: Professionals in mortgage banking in the job market today need to have a college degree in business or finance, or some specific experience or training related to the field.Skills in good customer service, an inherent ability with numbers, and computer skills are also essential requirements for mortgage banking jobs. A mortgage banking professional’s job involves reviewing credit scores, determining the kind of loan that is most beneficial for the customer and guiding them through the process of application as well as closing. The loan officer has to be very organized and detail oriented, and need to be able to handle the large amounts of paperwork and reporting that are required for getting loans approved, up to the closing.A mortgage banking professional also has to have thorough know-how about the regulations associated with federal mortgage as well as the various types. 1. 13 KYC (KNOW YOUR CUSTOMER) As per KYC guideline the RBI has advised banks to follow KYC guidelines of RBI mandates banks to collect three proofs from their customers they are1 Photograph2 Proof of Identity3 Proof of address Accordingly, Axis bank has framed its KYC procedure according to which, a photograph and documentary proof of personal identification and address proof are required t be p rovided.The account Opening form provides the nature of documents required / procedure to be followed for opening a new account. You may also log in to our websitewww. axisbank. com for such information which is displayed product-wise. 1. 14 COMPETITORS 1. ICICI Bank Ltd. 2. HDFC Bank Ltd. 3. State Bank of India 4. HSBC Bank 5. RBS (Royal Bank of Scotland) 6. Maharashtra Bank of India 7. Canara Bank 8. Andhra Bank 9. IDBI bank 10. Bank of India 11. Punjab National Bank 12. Central Bank 13. Allahabad Bank 14.ING Vysya 15. Centurion Bank CHAPTER 2 2. NEED, SCOPE, OBJECTIVE, METHODOLOGY AND LIMITATIONS OF THE STUDY 2. 1 NEED OF RESEARCH The research is significant for me and the bank thus significant as follow to the trainee as follow: – * To the trainee †¢The research has provided the trainee practical knowledge regarding the organization working, survey and other aspect of marketing. †¢This research is also essential for me in fulfillment of MBA curriculum. * To the bank Research would help the bank to get the lead of potential customer and current satisfaction level among existing relationship companies †¢To study the opportunity of cross sailing of other product and services †¢The suggestion provide the researcher will be helpful to improvement of class and quality of service to new and current customers and also help to enhance the activities * To the customer †¢The research will become a medium to convey the dissatisfaction factor to the appropriate person in the management 2. 2 SCOPE OF RESEARCHThe research was conducted for AXIS bank limited in Hoshiarpur City. The research was conducted in operational and marketing aspect of the bank products and survey. The research collected to detail information by personal interview and data collection sheet. 2. 3 OBJECTIVES OF THE STUDY This study has been conducted with a variety of important objectives in mind. The following provides us with the  objectives that have tried to achi eve through the study. The extent to which these objectives have been met could judge from the conclusions and suggestions, which appear in the later of this study. The main objective of the study is to know about the potential of the market regarding people’s dealing in financial services. †¢ To know the role of all financial services. †¢ To know where people have already opened their Account and on what basis. 2. 4 RESEARCH METHODOLOGY Research is an art of scientific investigation. In other word research is a scientific and systematic search for pertinent information on specific topic. The logic behind taking research methodology into consideration is that one can have knowledge about the method and procedure adopted for achievement of objectives of the project.With the adoption of  this others can evaluate the results also. Its main aim is to keep the researchers on the right track. The methodology adopted for studying the objectives was surveying the saving a ccount holders of District HOSHIARPUR. So keeping in view the nature of requirements of the study to collect all the relevant information regarding the comparison of saving account of Centurion Bank of Punjab with other  banks direct personal interview method with structured questionnaire was adopted for the collection of primary data. Secondary data has been collected through the various magazines and newspaper a nd by surfing on internet.And the guide in the organization was consulted at many times. 2. 5 SELECTION OF THE SAMPLE It becomes impossible to contact each and every individual of the population due to limitations of essential resources like time and money. Therefore, the study is preferably allowed down to a representation sample to make the study more manageable. Keeping in view the objectives and resource limitation of the study, 100 respondents were considered. Respondents – 100 The selected sample is representative of the population and is accurate and practi cable. 2. 6 SAMPLING TECHNIQUETo study the Project, a Simple Random Sampling technique is used. 2. 7 SAMPLING PLAN The following factors will be taken into consideration within scope of sampling plan. 1 Sampling unit: It defines the target population that will be sampled i. e. it answers who is to be surveyed. In this study, the sampling unit is customers using internet banking. 1 Sampling size: It indicates the numbers of people to be surveyed. Though large samples give more reliable results than small sample but due to constraints of time and money, the sample size was restricted to 50 respondents. 2. 8 COLLECTION OF DATAAfter the research problem has been defined and the research design has been chalked out, the task of data collection begins. The data can be collected mainly through primary sources, but it was supplement with secondary data. * Primary data collection: Primary data is the data which is collected through observation or direct communication with the respondents in one form or another. These are several methods for primary data collection like Observation Method, Interview Method, through schedules, through questionnaires and so on. * Secondary data collection methods: Secondary data is collected through Internet. Internet We also take into consideration the internet facility with which we  collect lot  of  latest information. * Journal and publications of different banks We also take into consideration the journals and publications issued by the bank  at different times. We  comes to know about the Branches, ATM, locations and other useful information. 2. 9 LIMITATION OF RESEARCH Every research has its own constraints which keep limitation to work similarly this research has also limitation due to which the researcher could not get detailed information regarding project. These are: – Though full efforts have been made but due to the lack of past experience in the marketing field I failed some areas have been left from includi ng in the study †¢ Due to the limitation of time I was unable to cover more sample (data collection sheet) and to fridge the lead granted. CHAPTER 3 PROJECT INTRODUCTION 3. 1 PROJECT INTRODUCTION As a part of curriculum the students of MBA have to undergo Summer Internship Program (SIP). Wherein a student gets the knowledge about practical life, how the work is done in companies, how to get acquainted with working conditions and other many such things, etc. he main aim behind this program is that students get some experience with which he could get assistance while searching the job. This program is generally provided by a company and it lasts for at least two months. Students as per their specializations could apply for SIP and get the opportunity to work in a company, which the college suggests. As a management student I also have to undergo SIP. I got the opportunity to complete this program in AXIS BANK LTD. , for two months. Axis bank is one of the leading BANKS in banking sector in India. First of the two months was devoted to training.Our training started with the session of information about bank product and sale sand – what is the meaning of the concepts, importance of sales and marketing was taught. The second part was about open an account-why we open an account in bank, about the banking sector- as avenue for investment, how banking sector is Better Avenue for investment. The next session was about detailed knowledge about banking sector-how to sell these products in market. The last session was about the practical knowledge about how to get appointment of customers and how to convince them to take the product.In the second month we have sell the products directly in the market, procedure of selling the products etc. 3. 2 MEANING OF WHOLESALE BANKING OPERATIONS The Wholesale Banking contains products sold to large and middle market commercial companies, as well as to consumers on a whole sale basis. This includes lending, treasury manag ement, mutual funds, asset-based lending, commercial real estate, corporate and institutional trust services, and investment banking through Wells Fargo Securities. The company also owns Baring ton Associates, a middle market investment bank.Wells Fargo historically has avoided large corporate loans as stand-alone products, instead requiring that borrowers purchase other products along with loans which the bank sees as a loss leader. One area that is very profitable to Wells, however, is asset-based lending: lending to large companies using assets as collateral that are not normally used in other loans. This can be compared to subprime lending, but on a corporate level. The main brand name for this activity is â€Å"Wells Fargo Foothill,† and is regularly marketed into mb stone ads in the Wall Street Journal.Wells Fargo also owns East dil Secured, which is described as a â€Å"real estate investment bank† but is essentially one of the largest commercial real estate bro kers for very large transactions (such as the purchase and sale of large Class-A office buildings in central business districts throughout the United States). The wholesale banking operations consist of the following transactions: 1. Opening of Account 2. Issue of Check book 3. International Debit / Credit Card 4. Issue of Demand Draft (DD) 5. Net banking 6. E-mail statement 7. Phone banking 8. Insta Query 9. Insta Alert 10. Bill pay 11. Passbook 12.Quarterly Account Statement 13. Loan Facility. 3. 3 CONCEPT 3. 3. 1 SAVING ACCOUNT INFORMATION Definition: A deposit account at a bank or savings and loan which pays interest, but cannot be withdrawn by check writing. Types of Saving Account In Axis Banking 1. Zero Balance Savings Account At Axis Bank it has been constant endeavor to create products specifically catering to your needs. The account while offering a whole range of services also addresses your latent need of having an account without the hassle of maintaining an average qua rterly balance. Features: – 1. No Average Quarterly Balance requirement 2.Free International Debit Card with an Accidental Insurance cover up to Rs 2 lakhs* (charges for the primary holder are waived). 3. Free mobile banking facility 4. Access through more than 825 branches and more than 3595 ATMs 5. At-Par cheque facility with the clearing limit of Rs 50,000 6. 24Ãâ€"7 Tele banking & Internet banking. 7. Free quarterly statements8. Free monthly e-statement Conditions Apply:- 1. Initial funding of Rs. 5,500. 2. Account maintenance fee of Rs. 500 per annum 2. Krishi Savings Account (Kheti Ho Khushahali ki) Axis Bank offers a unique savings account which is easy to operate and allows you to transact immediately.This product has been specially designed keeping in mind the unique requirements of a farmer and true to its nature has been called the Krishi Savings Account. Some of the features of our new product are: Average Balance Requirement : This account is offered with the re quirement of maintaining the half-yearly average balance of Rs 1000only. International Master Debit Card: The Krishi Savings Account entitles you to an International Master Debit Card with which you can access your account anytime through the Axis Bank ATM network free of cost. This card comes with a cash withdrawal limit of Rs 25,000 per day.Free Accident Insurance cover of Rs 2 lacks. Anywhere Banking: Being a Krishi account holder, you are entitled to access our wide network of more than 825 branches and 3595 ATMs across 440 cities. You can now easily carry out your transactions through any of the branches or ATMs. At Par Cheque Book: Your Krishi Savings Account comes with the At-Par Cheque facility. This facility enables you to en cash the cheques as local instruments at any of the 440 centers where the Bank has its presence, at no extra cost. Moreover, you can also issue cheques at other centers upto the limit of Rs 50,000. Easy Access Savings Account (Banking made easy) * A â €“ Accessibility * C – Convenience * C – Comfort * E – Earnings * S – Speed * S – Service Want a savings account that transcends geographical boundaries? Presenting, Axis Bank's Easy Access Savings Account. The account is an endeavor by the Bank to understand the consumers' needs and redefine banking to suit your requirements for a truly comfortable banking experience. Easy Access Savings Account gives you instant access to your money anywhere, anytime. Possessing a range of unmatched features, it has been devised to better suit the convenience of our eclectic client base.You can avail of all these services with a minimum quarterly average balance of Rs. 5,000 in metro or urban centers, Rs. 2,500 in semi urban centers and Rs. 1,000in rural centers. †¢At-par cheque †¢ATM Network †¢Anywhere Banking †¢ Tele banking †¢ i Connect †¢Mobile Banking †¢Quarterly account statement †¢Quarterly interest @ 3. 5 % per annum †¢Free monthly e-statement. You can avail of all these services with a minimum quarterly average balance of Rs. 5,000 in metro or urban centers, Rs. 2,500 in semi urban centers and Rs. 1,000 in rural centers. Corporate Salary Account:Our Corporate Salary Power Offering is designed to offer pay roll solutions through in a 24 X 7 environment. We leverage on our extensive network of distribution channels spread across 450 centers through a network of more than 827 branches and 3595 ATMs besides our superior service delivery model and product features, as a strong differentiator, to provide value to the end user. Benefit to Employers: †¢Efficient salary disbursal. Web Upload – Transfer salaries/reimbursements directly from your current account with Axis Bank to your employee's accounts using I Connect from your office. Single-instruction salary credit – Same day salary credits for all companies having Corporate Account with Axis Bank. Dedicated relationship manager at metro locations to understand the financial requirements of your employees. Benefit to Employees: †¢No minimum balance criteria. †¢Unparalleled Access – Anywhere banking facility through our network of Branches, ATM and Internet banking facility. †¢AT Par cheque books payable locally at all Axis Bank locations. †¢International Debit cum ATM cards with enhanced Cash withdrawal facility and other value add ones. Online Banking with funds transfer, online shopping and bill payment options. †¢Depository services with free online trading accounts. †¢Meal Cards on a master card platform. †¢Employee Reimbursement accounts as a savings account variant. Preferential pricing on loan products and credit cards and other banking products ; services. 3. Prime Savings Account: Want a customized savings account to suit your specific financial requirements? At Axis Bank, we have always strived to pace our products with the growing needs of our cu stomers.The Prime Savings account has therefore been created with your specific financial requirements in mind. Through the ‘At Par' cheque facility, you have the unique advantage to en cash your cheques as a local cheque at more than 330 centers where the bank has a presence at no extra cost. In addition the account enables you to issue cheques up to Rs. 1 lakhs, which will be treated as ‘At Par' across these locations. You can avail of all these services with a minimum average balance of Rs 25,000 in metro/urban/semi-urban centers and Rs 10,000 in rural centers. 4.Smart Privilege Account: (For the woman of today) In today's busy world it's tough being a working woman. Right from shuttling between a job and family to taking care of her finances she has to be on her toes all the time. Keeping this in mind, we at Axis Bank have designed a savings account best suited for the woman of today. With the Smart Privilege Account, you can manage your money and your life and as we ll as enjoy a host of lifestyle privileges. Furthermore Axis Bank's Smart Privilege Account ensures that you have enough time for all the important things in life. Senior Privilege: (Because life begins at sixty) Are you seeking a banking style that compliments your senior status? Axis Bank's Senior Citizen Savings Account has been designed keeping in mind the fact that a senior citizen's banking requirements are wholly different and require special consideration. * Special Privilege: (A Privilege assures the care you deserve): We have introduced Senior Citizen ID card for our Senior Privilege patrons. Let us briefly introduce the wide range of advantages it hold for you. * Avail of Great benefits with Senior Citizen ID cardID card acts as an age proof. Enabling you to redeem every advantage that you are eligible for, this card will soon help you avail of certain never-before Senior-citizen benefits at various stores, service providers and installation across the nation. * Feel safe Every where Apart from provide you with the power to claim great benefits, card also act as emergency information medium. In case of emergencies, it provides the doctors and authorities with vital data like your blood group, allergies, illnesses, address and emergency contact details.This ensures that you are well looked after in any situation, no matter where you are. * Always a Privilege It will help in strengthen the bond with us and to be of assistance to you at all the times, no matter what your need be. Whether its loan, a savings account or any financial services that you wish to avail of, we will make sure that we're always be there by your side. * Power Salute (Salute to the defense forces) Are you looking for an account that fits with your life in the Defence Forces? Defense Salary Account from Axis Bank is a product designed keeping in mind how tough a life in the Defense Forces is.Not only does it come to you absolutely free, no minimum balance is required either. You c an also access the entire Axis Bank network, including more than 2300 ATMs and 550 branch offices (and growing) no matter where you are posted. With the complete gamut of banking services (including overdrafts, loans and zero-balance requirements) you can now rest assured about your family and all their financial needs. It sour way of showing our appreciation to your work. * Banking Privileges: At-par Cheque Facility * Your job involves constant transfers across the country.With the at-par cheque facility it will no longer be necessary to set up new bank accounts with each transfer. * Additional Debit Card * Along with a free International Debit Card, you also get a free card for the joint account holder. This means that your child or spouse also enjoy the same benefits of banking with Axis Bank. * Financial Advisory Services * Our solutions answer to the twin goals of meeting your requirements and to diversify and spread the risk of your investment portfolio, so you can look forwar d to a comfortable and worry-free life.We first understand your exact investment needs and then design the perfect investment plan for you. 5. Trust/NGO Savings Account: Thoughtful banking for people who spend their lives thinking of others Need special banking for special causes? Axis Banks Trust Account is an effort to offer thoughtful banking for people who spend their lives thinking of others. It is a complete banking solution for Trusts, Associations, Societies, Government Bodies, Section 25 companies and NGOs, so that the organizations can devote all of their time to their noble motivations. Features:- A savings account for your trust with a concessional average quarterly Balance a multi-city at-par cheque facility with no limit on clearing payments at centers across the country wherever we are present. Free anywhere banking across all our Branches and Extension Counters and over all our ATMs. Free Demand Drafts or Pay Orders as and when required by you to remit funds. Free co llection of cheques at outstations locations free monthly e-statement Monthly Statement of Account delivered at your doorstep.Facility for collecting donations in your account through our network of Branches and extension counters across the country, as well as through I Connect – our Internet Banking facility. Also, Axis Bank can offer the facility to donate funds to your Trust through our Internet Banking facility I Connect to its customers. An Axis Bank customer can donate any amount to your Trust through the Internet. In such cases, the savings account of the customer gets debited and the savings account of your Trust gets credited with the amount of donation at the same time.At the end of every month, the Bank will provide an MIS giving details of the amount of donations and the name of donor. This will enable the Trust to issue receipts to the donors. Free Internet Banking facility that enables you to view the status of your account, transfer funds and carry out a numbe r of banking activities from the comfort of your home or office. * Investment Advice * Our Financial Advisory Desk will provide portfolio management advice as well as help you undertake investments. * Free Demat To facilitate your investments, we offer a free Demat Account (charges due to NSDL must still be levied) to our esteemed account holders in the Trust or Society segment. * Foreign Contribution (Regulation) Act [FCRA] accounts * The FCRA account enables approved organizations to receive foreign contributions for utilization in their activities in India. The Bank will provide assistance in the process of documentation and obtaining necessary approvals from Ministry of Home Affairs at New Delhi. 3. 4 CURRENT ACCOUNT INFORMATION 3. 4. 1 CHANNEL ONE: (FOR SUCCESSFUL BUSINESSES)The ‘Channel One’ Current Account is an effort in that direction where we take care of your day to day banking requirements leaving you with more time for your business. Channel One Current Acc ount is most appropriate choice of successful businesses. At a monthly Average Balance (MAB ) of Rs. 10 lack. FEATURES: 1. Relationship Manager. 2. Doorstep Banking. 3. Anywhere Banking. 4. Free Internet Banking. 5. Free 24 hour Tele banking. 6. Mobile Banking Service. 7. International debit card. 8. Cheque Protection Facility. 9. Free 24 – hour cheque deposited facility. 10. Payment of Government Taxes/ Dues. 11. Foreign exchange services. . 4. 2 BUILDERS AND REAL ESTATE: Axis Bank understands the increasing demands on businesses in this segment . Here’s presenting the Axis Bank Builder ; Real Estate Current Account a current account with unparalleled product features built to suit Builders ; Realtors exclusively. This account offers you unmatched convenience while adding financial value to your businesses spread over geographies. . At a monthly Average Balance (MAB) of Rs. 5 Lacks this account comes loaded with special facilities and benefits, most appropriate for yo ur business. FEATURES: 1. Home Branch Cash Deposit. 2. Non – Home Branch Cash Withdrawal. . Free Anywhere Banking. 4. Cluster facility. 5. Zero Balance account for Vendors and Suppliers. 6. Franking Facility. 7. Customer cheque printing. 8. Internet Banking. 9. Free 24-hour Phone banking. 10. Mobile Alerts. 11. ATM cum Debit Card. 12. Free Monthly Account Statement. 3. 5 TRAINING IN WHOLESALE BANKING OPERATION 3. 5. 1 CORPORATES Corporate Banking reflects Axis Bank's strengths in providing our corporate clients in India, a wide array of commercial, transactional and electronic banking products. We achieve this through innovative product development and a well-integrated approach to relationship management. Funded Services: Working Capital Finance, Bill Discounting, Export Credit, Short Term Finance, Structured Finance, Term Lending. * Non Funded Services: Letter of Credit, Collection of Documents, Bank Guarantees. * Value Added Services: Syndication Services, Real Time Gross Settlement, Cash Management Services, Corporate Salary Accounts, Reimbursement Account, Bankers to Right/Public Issue, Forex Desk, Money Market Desk, Derivatives Desk, Employees Trusts, Cash Surplus Corporate, Tax Collection * Internet Banking: Supply Chain Management, Corporate Internet Banking, Payment Gateway Services. 3. . 2 SMALL AND MEDIUM ENTERPRISES: At Axis Bank we understand how much of hard work goes into establishing a successful SME. We also understand that your business is anything but â€Å"small† and as demanding as ever. And as your business expands and enters new territories and markets, you need to keep pace with the growing requests that come in, which may lead to purchasing new, or updating existing plant and equipment, or employing new staff to cope with the demand. That's why we at Axis Bank have assembled products, services, resources and expert advice to help ensure that your business excels.Solutions are designed to meet your varying needs. The follo wing links will help you identify your individual needs. * Funded Services: Funded Services from Axis Bank are meant to directly bolster the day-to-day working of a small and a medium business enterprise. From working capital finance to credit substitutes; from export credit to construction equipment loan – we cater to virtually every business requirement of an SME. Click on the services below that best define your needs * Non-Funded Services: Under Non-Funded services Axis Bank offers solutions that act as a catalyst to propel your business.Imagine a situation where you have a letter of credit and need finance against the same or you have a tender and you need to equip yourself with a guarantee in order to go ahead. This is exactly where we can help you so that you don't face any roadblocks when it comes to your business. The following are the services that will precisely tell you what we can do Business Accounts, Letters of Credit, Collection of Documents, Axis Bank Trade, Guarantees, Cash Management Services, Money Market Desk, Derivatives Desk, Services to Cash Surplus Corporate, Services to Employee Trusts, Bankers to Rights/Public Issue, Tax Collection. Specialized Services: Axis Bank is one of the most trusted entities when it comes to specialized services like selling of precious metals to customers. Under specialized services you can also avail customized control of your value chain through our internet banking platform. * Value Added Services: There is a plethora of services that we offer under value added services. There's corporate salary account which ensures smooth payment methods to your staff. You can avail an assortment of credit cards and debit cards from our merchant services. The following are the highlights of this service:Real Time Gross Settlement, Reimbursement Account, Custody Services, Corporate Salary Accounts, Merchant Services, Axis Bank Gold Business Credit Card. * Internet Banking: Internet banking is a revolutionary servi ce under the banking sector and Axis Bank is a forerunner in providing you with this service. We provide state-of-the-art payment gateway services to industries and companies in order to ease transaction processing. This in turn enhances the credibility of your business and makes banking extremely cost-efficient. 3. 5. 3 GOVERNMENT SECTOR:Axis Bank acts as an active medium between the government and the customers by means of various services. These services include : * Tax Collection Where in customers can directly pay their taxes like Direct taxes, Indirect taxes and Sales Tax collections at their local Axis Bank * E-Ticketing Helps the customer by providing him a direct access to book a Railway Ticket online and get it home delivered * Opening of L/C's is done by the bank on behalf of Government of India, Mints and Presses, thus facilitating imports for the Government. * Collection of levies and taxes on behalf of Municipal Corporations i. . Kalyan -Dombivli Municipal Corporation, is undertaken by the Bank. * Collection of stamp duty is done via franking mode in the states of Maharashtra & Gujarat. The Stamp Duty Franking Facility is available at following branches in Maharashtra Fort, Chembur, Lower Parel, Mira Road, Thane (Talao Pali), Panvel, Ratnagiri, Pune (FC Road), Kolhapur, Nagpur, Pimpri. The Stamp Duty Franking Facility is available at following branches in Gujarat Ahmedabad (Navrangpura), Kutch (Mundra), Baroda (Gotri Road), Surat (Ring Road), Bhavnagar & Vapi (GIDC). Disbursement of Pension to retired Employees of Central Govt and Defence is directly done by Axis Bank along with the disbursement of pension to the members of EPFO (Employees Provident Fund Organization) * Electronic Collection of fees on behalf of DGFT is done by the bank too * Ministry of Corporate Affairs Collection of ROC fees for the Ministry through authorized Branches and Net Banking. * Collection of Property Tax through Selected Branches on behalf of Municipal Corporation of Delhi CHAPTER 4 DATA ANALYSIS & INTERPRETATION 4. 1 Analysis of QuestionnaireThe study was conducted and primary data was collected through questionnaire method. For this purpose, 100 respondents of the TANDA city were approached of 100% in the branch has been shown below: Q1 Customer having accou