Thursday, December 26, 2019

Alice Munros Boys and Girls and John Steinbecks The...

The difference between men and women is a very controversial issue, while there are obviously physical differences; the problem is how the genders are treated. It is stereotypically thought that the men do the labor work and make all the money, while the women stay in the house, cooking, cleaning and taking care of the children. While this stereotype does not exist as much in the 21st century, it was very prevalent in the 1900s. By using many different literary tools such as character development, symbolism, and setting, Alice Munro’s Boys and Girls and John Steinbeck’s The Chrysanthemums challenge this controversial topic of the treatment of women versus men in the 1900s. Munro uses a fox farm for the setting of Boys and Girls to bring†¦show more content†¦Although, unlike Munro, Steinbeck also uses the setting as an insight to Elisa’s thoughts and to reflect her feelings. The story opens up with a lengthy description of Salinas Valley were Elisa and Henry live. The valley is described to be like a â€Å"closed pot† (Steinbeck 1) with â€Å"no sunshine† (Steinbeck 1). This description reflects Elisa’s emotions since she hides her true feelings of sadness and a dull, un-eventful life. Although, despite the winter weather the inhabitants of Salinas Valley wait and are â€Å"mildly hopeful† (Steinbeck 2) of better weather, just like how Elisa is hopeful and constantly waiting for something better to come along in her life. Another important literary element used by Munro and Steinbeck is symbolism. In Boys and Girls, Munro uses horses within the girl’s stories and in reality as a key symbol for freedom, and also as a parallel to the girl’s life. The girl often dreamed of ruling a world where everyone had equal opportunities and riding â€Å"a find horse spiritedly down the main street of Jubilee† (Munro 6). This showed some of the girl’s masculine qualities of courage and nobility, but what the girl would soon realize is that it was the men that were expected to save the village not women. In reality, Flora the horse symbolized freedom but also symbolized the girl and her life. After being locked in a dark stable during the long winter months,

Wednesday, December 18, 2019

Optimal Power Flow Using Differential Evolution Algorithm...

Optimal Power Flow Using Differential Evolution Algorithm S.Vidya Sagar Reddy Dr.P.Venkata Prasad, Professor Department of Electrical and Electronics Engineering Department of Electrical and Electronics Engineering Chaitanya Bharathi Institute Of Technology(Autonomous) Chaitanya Bharathi Institute Of Technology(Autonomous) Hyderabad, India Hyderabad, India vidyasagar.sabbella@gmail.com pvp_reddy@yahoo.co.uk Abstract— This paper presents an efficient and reliable evolutionary based approach to solve the optimal power flow(OPF) problem. The proposed approach employs differential evolution algorithm for optimal settings of control variables. The proposed approach is examined and tested on the standard IEEE 30-bus test system with fuel cost minimization as objective. The proposed approach results are compared with the results reported in the literature. The results show the effectiveness and robustness of the proposed approach. Keywords— Optimal power flow  · Differential evolution algorithm  · Fuel cost minimization I. INTRODUCTION In the past two decades, the problem of optimal power flow (OPF) has received much attention. It is of current interest of many utilities and it has been marked as one of the most operational needs. The OPF problem solution aims to optimize a selected objective function via optimal adjustment of the power system control variables, while at the same time satisfying various equality and inequality constraints. Because the optimal power flow problem isShow MoreRelatedEconomic Dispatch : An Optimization Problem For Economic Intermitation Methods1494 Words   |  6 Pagesoptimization problem for economic scheduling of power generating units to meet the forecasted load demand while satisfying all operational constraints [1]. As practical ED is a complex constrained optimization problem, its solution requires robust optimization methods. 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Prior exposure to the basic principles of option pricing is useful but less essential. The tools of mathematical ï ¬ nance include Itˆ calculus, stochastic diï ¬â‚¬erential equations, o and martingales. Perhaps the most advanced idea used in many places in vi this book is the concept of a change of measure. This idea is so central both to derivatives pricing and to Monte Carlo methods that there is simply noRead MoreTeaching Notes Robert Grant - Strategy 4th Edition51665 Words   |  207 PagesCapabilities Chap. 6. Organization Structure and Management Systems Chap. 7. The Nature and Sources of Competitive Advantage Chap. 8. Cost Advantage Chap. 9. Differentiation Advantage Chap. 10. Industry Evolution Chap. 11. Technology-based Industries and the Management of Innovation Chap. 10. Industry Evolution Chap. 11. Technology-based Industries and the Management of Innovation Chap. 11. Technology-based Industries and the Management of Innovation Chap. 12. 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Tuesday, December 10, 2019

(Company Analysis) Kathmandu Holdings Limited Essay Example For Students

(Company Analysis) Kathmandu Holdings Limited Essay Table of contents 1. EXECUTIVE SUMMARY 2. INTRODUCTION 3. HISTORY 4. CORE VALUES 5. BUSSINESS OVERVIIEW 5. 1. Market 5. 1. 1. Specialist 5. 1. 2. Mainstream/lifestyle 5. 1. 3. General merchandise retailers 5. 2. Market participants: retailers 5. 3. Market participants: wholesalers/brand competitors 5. 4. List of Major Competitors in the industry (Australian stores New Zealand stores) 6. CUSTOMER TRENDS 7. BUSINESS MODEL 8. MARKETING ACTIVITY AND PRODUCT STRATEGY 8. 1. Marketing activity 8. 2. Brand planning 8. 3. Customer research 9. BRAND HIGHLIGHTS 9. 1. Brand recognition 9. 2. A market leader in Australia and New Zealand 9. 3. Technical products with wide market appeal 9. 4. Distinct advantages from Vertical integration 9. 5. Attractive and stable margins 9. 6. Significant store rollout potential 10. FUTURE VISION 10. 1. New store rollout 10. 2. Upgrade existing store network 10. 3. Target stores 10. 4. Introducing new products 10. 5. Grow and Maximise the Customer Database 11. CUSTOMER CATEGORIES 11. 1. Young Go-Getters 11. 2. Adventurous Families 11. 3. Older Outdoor Enthusiasts 12. OPERATIONAL EFFICIENCIES 3. RESOURCES / CAPABILITIES 14. COMPANY. S PRODUCTS 15. GOVERNANCE SYSTEM 15. 1. Board Charter 15. 2. Code of Conduct 15. 3. Continuous Disclosure Policy 15. 4. Securities Trading Policy 15. 5. Audit and Risk Committee 15. 6. Remuneration and Nomination Committee 15. 7. Communications Strategy 16. ANALYSIS 16. 1. Key investment risks on the company and Challenges 17. SPONSORSHIPS 18. CONCLUSION 19. REFERENCES / BIBLIOGRAPHY 1. EXECUTIVE SUMMARY A Kathmandu holding limited is a designer, marketer and retailer of clothing and equipment for travel and adventure. It operates in New Zealand, Australia and the United Kingdom. Kathmandu is a leading retailer of clothing and equipment for travel and adventure in Australia and New Zealand and has a small presence in the UK. Kathmandu. s product offering generally falls into two retailing statistical categories: apparel retailing and recreational goods retailing. The sizes of the Australian apparel retail and recreational goods retailing categories for the year ended August 2009 were approximately Au$19. 1 billion and Au$4. 8 billion respectively. The sizes of the New Zealand apparel retail and recreational goods retailing categories for the year ended July 2009 were approximately NZ$3. 0 billion and NZ$2. 3 billion respectively. The company is Limited Liability Company incorporated in New Zealand and the Head Office is s in Christchurch, with a second Head Office and distribution centre in Melbourne dedicated to looking after the Australian stores. Recently, a third distribution centre was acquired in London to assist with the growing number of stores in the UK. Since its establishment 22 years ago, Kathmandu has become a leading specialist in quality clothing and equipment for travel and adventure in New Zealand and Australia. Kathmandu has grown from a small retailer of adventure clothing and equipment to a vertically integrated business with a significant retail presence. Approximately 95% of sales in Kathmandu stores are Kathmandu-branded products, manufactured by third parties using Kathmandu sourced or specified material and designs. The Company does not sell these products via wholesale channels and consequently achieves both a wholesale and a retail margin on these sales. Founded in 1987, Kathmandu was bought out by Goldman Sachs JB Were and Quadrant Private Equity in 2006, and the company says it has opened 36 new stores since then to have a total of 85 stores in Australia and New Zealand, and 6 in the UK. In November 2009 Kathmandu Holdings Limited was listed on the Australia and New Zealand Stock Exchanges. 2. INTRODUCTION KATHMANDU HOLDINGS LIMITED ASX Code: KMD ITS Abbreviation: KATHMANDU ISIN: NZKMDE0001S3 Home Branch: Sydney Industry Classification: 2520 Consumer Durables Apparel Registered Office: PricewaterhouseCoopers Darling Park, Tower 2, Level 1 201 Sussex Street Sydney NSW 2000 Corporate Office: 4 Mary Muller Drive Christchurch 8006 New Zealand Phone: 64 3 373 6115 Fax: 64 3 373 6116 Web address: www. kathmandu. co. nz Company Secretary: Mark Todd Share Registry: Link Market Services Ltd Level 1 333 Collins Street Melbourne VIC 3000 Joint Lead Managers: Goldman Sachs JBWere Pty Limited Level 42, Governor Phillip Tower 1 Farrer Place Sydney NSW 2000 Phone: 1300 366 566 Macquarie Capital Advisers Limited Level 9 1 Martin Place Sydney NSW 2000 Phone: (02) 8232 3333 Activities: Retailer of clothing and equipment for travel and adventure http://www. kathmandu. com. au/images/assetimages/info_livethedream. gif 3. HISTORY Kathmandu opened its first store in 1987 and through the 1990s remained a small specialist outdoor retailer, manufacturing many of its own products. During the 1990s, Kathmandu scaled back its manufacturing operations and shifted to an offshore sourcing model. By 2002, Kathmandu no longer manufactured any products in-house. The shift to offshore manufacturing enabled Kathmandu to access quality products at a lower cost which, combined with the Company. in-house design process and Company-operated retail distribution network, has helped generate its strong margins. In 2003/2004, Kathmandu commenced its UK initiative (where it now has six stores) as well as launching basecamp in New Zealand – the Company. s dedicated family camping equipment offering. In 2006, Kathmandu was acquired by a consortium of private equity funds and subsequently a new management team was introduced. Since the acquisition, Kathmandu has invested heavily in its business platform, including staff, IT infrastructure and distribution capacity, and its store footprint. . CORE VALUES As the company states: For us the dream is individually defined. It may be that moment of escape on Friday at 5pm as you leave the office for a weekend of adventure. Packing up the family and car for a holiday along the coast. Seeing those hard-earned savings turn into an around the world ticket to destinations unexplored and fitting your essential world into a backpack. Finding a weekend when everyone is free to play, sleeping under the stars, reaching the summit, or simply making time for friends. Whatever the dream, it. about getting out there and having fun – however you define it. A group of people passionate about living the dream not playing it safe but trying new things, always searching out new toys. We. re not world famous explorers (th ough they can be our customers) but everyday people helping turn fantasies of escape into real possibilities. 5. BUSSINESS OVERVIIEW . Kathmandu is a leading retailer of clothing and equipment for travel and adventure in Australia and New Zealand . Vertically integrated business from in-house design team to company-owned . retail chain Total sales are split approximately 60% clothing and 40% equipment . Design tailored specifically for Australian and New Zealand conditions . 93 stores as at 5 May including 6 UK . Sales of approximately NZ$240 million and EBITDA of NZ$57 million forecast in FY2010 . Existing stores in Australia and New Zealand 5. 1. Market Kathmandu divides the clothing and equipment for travel and adventure Market into three categories: 5. 1. 1. Specialist Equipment and clothing intended for mountaineers and other adventure market participants who require highly technical roducts for their activities 5. 1. 2. Mainstream/lifestyle Products which incorporate some of t he technical authenticity and function but not the top of the line specifications 5. 1. 3. General merchandise retailers Simple clothing and equipment such as fleece, and certain backpacks and sleeping bags for use by the price sensitive consumer With affordable, technical products, Kathmandu competes in all three categories, recognising its view that the mass market represents a significant financial opportunity where buyers will pay for technical credibility. Kathmandu. s wide appeal and technical credibility increases the size of its addressable market 5. 2. Market participants: retailers Within the categories listed above, a number of retailers and brands/wholesalers operate under a range of business models. There are degrees of overlap between retailers and brands/wholesalers as well as with the product range of indirect competitors. The travel and adventure gear markets in Australia and New Zealand are highly fragmented and comprise a wide range of retail formats including (but not limited to): Specialty outdoor industry retailers including Mountain Designs, Snowgum, and Macpac in both Australia and New Zealand, Bivouac and RR Sports in New Zealand; and Anaconda, Columbia, Aussie Disposals, Paddy Pallin, BCF ,Ray. s Outdoors and The North Face in Australia; . Lifestyle/sporting goods retailers: including Rebel Sport and Colorado and fashion and footwear stores such as Athletes . Foot and Surf Dive „N. Ski . General merchandise/f ull service department stores: Including Kmart, Target, Big W, David Jones and Myer in Australia and The Warehouse and Farmers in New Zealand. Online retailers also offer competing products. 5. 3. Market participants: wholesalers/brand competitors Kathmandu also competes with a number of brands which sell through specialist travel and adventure retailers, sports stores and department stores. A number of international brands have gained credibility amongst broader market consumers as a result of their technical merit and have consequently gained popularity as lifestyle wear. As a specialist in clothing and equipment for travel and adventure focused in Australia and New Zealand, Kathmandu. advantage over many of its Northern Hemisphere brand competitors is that it designs and markets products specifically intended for each region. s unique requirements and conditions. Furthermore, Kathmandu. s extensive retail footprint and brand differentiate the Company from many brand competitors, and its vertical integration as a designer and retailer generally allows it to offer products to customers at very attractive price points. Ther e are competing brands located in Australia and New Zealand, such as Mountain Designs, which also focus on this region; however, Kathmandu has a more significant store footprint. . 4. List of Major Competitors in the industry (Australian stores New Zealand stores) 1. Columbia 2. The North Face 3. RR Sports 4. Paddy Pallin 5. Bivouac 6. Anaconda 7. Macpac 8. Aussie Disposals 9. Ray’s Outdoors 10. Mountain 11. Designs 12. BCF 6. CUSTOMER TRENDS The travel and adventure clothing and equipment market appeals to a broad customer base – from specialist outdoor adventurers, looking for technical products, to recreational users, buying for lifestyle and practical reasons. The market. s customers span a wide range of ages and demographics. In recent years, there has been an emphasis on activities which promote health and fitness, and government programs have been developed to encourage active and healthy lifestyles. In Australia, the Federal Government has implemented the „Measure Up. campaign as part of the Australian Better Health Initiative (â€Å"ABHI†). The „Measure Up. campaign is for all Australians and aims to provide them with the tools and understanding to make healthy lifestyle choices. The ABHI was announced in February 2006 by the Council of Australian Governments and a total of Au$500 million was assigned to the program over four years. In New Zealand, the New Zealand Ministry of Health has launch edits „Healthy Eating – Healthy Action. campaign as part of its strategic approach to improving nutrition, increasing physical activity and achieving healthy weight for all New Zealanders. Australia and New Zealand are fitness-focused countries. More than 63% of New Zealanders and 58% of Australians were classified as highly active in a 2004 study, 1 making the New Zealand and Australian populations the first and fifth most active of the 20 countries studied. Australians have become more active in the past few years, with the median frequency of participation in physical activity per week up 50% since 2001 (from two to three times) and the percentage of Australians participating in regular physical activity up 33% since 2001. 3 1. Bauman A, Bull F, Chey T, Craig C, Ainsworth B, Sallis J et al. (2009) The International Prevalence Study on Physical Activity: Results from 20 countries. International Journal of Be havioral Nutrition and Physical Activity 2009, Vol. 6: 21. 2. Countries studied comprised Argentina, Australia, Belgium, Brazil, Canada, China, Colombia, Czech Republic, Hong Kong, India, Japan, Lithuania, New Zealand, Norway, Portugal, Saudi Arabia, Spain, Sweden, Taiwan and the USA. 3. Australian Sports Commission: Participation in Exercise, Recreation and Sport Annual Report (2008). http://www. sheffield. co. nz 7. BUSINESS MODEL Design . Manufacture and logistics . Stores Kathmandu. s products are designed to suit specific New Zealand and Australian requirements, such as terrain and climate. The technical aspects of Kathmandu. s products make them less seasonal compared to fashion apparel. My Personality EssayAudit and Risk Committee Under its charter, this committee must have at least three members, a majority of whom must be independent Directors and all of whom must be non-executive Directors. Currently, all the non-executive Directors are members of this committee. John Harvey will act as chairman of the committee. The primary role of this committee includes: . overseeing the process of financial reporting, internal control, continuous disclosure, financial and non-financial risk management and compliance and external audit; . monitoring Kathmandu. s compliance with laws and regulations and Kathmandu. own codes of conduct and ethics; . encouraging effective relationships with, and communication between, the Board, Management and Kathmandu. s external auditor; and . evaluating the adequacy of processes and controls established to identify and manage areas of potential risk and to seek to safeguard the Company. s assets. Under the charter it is the policy of the Co mpany that its external auditing firm must be independent of the Company. The committee will review and assess the independence of the external auditor on an annual basis. Risk Management Policy The identification and proper management of Kathmandu. risk are an important priority of the Board. Kathmandu has adopted a risk management policy appropriate for its business. This policy highlights the risks relevant to Kathmandu. s operations, and Kathmandu. s commitment to designing and implementing systems and methods appropriate to minimise and control its risk. The Audit and Risk Committee is responsible for monitoring risk management and establishing procedures which seek to provide assurance that major business risks are identified, consistently assessed and appropriately addressed. 15. 6. Remuneration and Nomination Committee Under its charter, this committee must have at least three members, a majority of whom must be independent Directors and all of whom must be non-executive Directors. Currently, all the non-executive Directors are members of this committee. Sandra McPhee will act as chairman of the committee. The main functions of the committee are to assist the Board with a view to establishing a Board of effective composition, size, expertise and commitment to adequately discharge its responsibilities and duties, and assist the Board with a view to discharging its responsibilities to Shareholders and other stakeholders to seek to ensure that Kathmandu: has coherent remuneration policies and practices which enable Kathmandu to attract and retain executives and Directors who will create value for Shareholders; . fairly and responsibly remunerates Directors and executives, having regard to the performance of Kathmandu, the performance of the executives and the general remuneration environment; . and ha s effective policies and procedures to attract, motivate and retain appropriately skilled persons to meet Kathmandu. s needs. 15. 7. Communications Strategy Kathmandu is committed to keeping Shareholders informed of all major evelopments affecting the Company. s state of affairs relevant to Shareholders in accordance with all applicable laws. Information will be communicated to Shareholders through the lodgement of all relevant financial and other information with ASX and NZX and publishing information on the Company. s website (http://www. kathmandu. co. nz/ or http://www. kathmandu. com. au/). In particular, the Company. s website will contain information about the Company, including media releases, key policies and the terms of reference of the Company. s Board Committees. All relevant announcements made to the market and any other relevant information will be posted on the Company. s website as soon as they have been released to ASX and NZX. 16. ANALYSIS 16. 1. Key investment risks on the company and Challenges Potential investors should be aware that there are risks associated with Investing in Kathmandu, including risks Associated with the Kathmandu business and risks associated with investing in the Stock market generally. Some risks are beyond the control of Kathmandu and its Directors and management and may have a material impact on Kathmandu. financial Performance or position. See section 9 for further information on the key risks. Before deciding whether to apply for Shares, potential investors should Read this prospectus in its entirety and carefully consider the assumptions underlying the financial forecasts and the risk factors that could affect the Future performance of Kathmandu. Some of the key risks of investing In Kathmandu include but are not limited to the following: . The retail environment may deteriorate. . A downturn in General economic conditions may Have a material adverse effect On Kathmandu; and . The success of Kathmandu is heavily reliant on its reputation and branding. Unexpected Issues or events may damage . Kathmandu. s reputation or the Value of its brand . Kathmandu may face aggressive competition or its competitive Position may deteriorate; . Kathmandu. s sales may be adversely affected by unseasonal Weather conditions; . A sale promotion failure would adversely impact . Kathmandu. s earnings and cash flow; Product sourcing from third parties carries risk; . Kathmandu may lose key management personnel and may not Be able to recruit equally qualified replacements; . Information technology failures may occur and information . Technology projects may not be successfully implemented; . Unforeseen or unexpected regulation could adversely . Affect operations; . Foreign exchange movements may result in a change of . Relative competitiveness in the short term; . Kathmandu may be unable to secure suitable sites for new . Stores at competitive rates; and . There could be a greater than expected impact to existing Store sales from the new store rollout. 17. SPONSORSHIPS Outward Bound and Kathmandu (adventure scholarship) Kathmandu. s partnership with Outward Bound started in July 2005 and ever since then we have been busy sorting clothing and equipment for their courses, product testing and providing all Outward Bound instructors with Kathmandu clothing, and running our Live the Dream ® Adventure scholarships. †¢ First Foundation and Kathmandu (education and training) The First Foundation was established in 1998 to help talented young people whose families may not have the financial resources available to help them achieve their tertiary goals. The Foundation has 65 current scholars working through the program, with more commencing next year. Each scholarship involves a significant commitment from all concerned. †¢ Kathmandu Supports the Creation of One of the World’s Largest Private Nature Reserves (environment) Kathmandu is proud to announce its support for the establishment of one of the world. s newest and largest private nature reserves by Australian Wildlife Conservancy (AWC), an independent, non-profit organization dedicated to saving Australia. s threatened wildlife and ecosystems. 18. CONCLUSION The story of Kathmandu began with a sewing machine in the back room of a med student. s flat where it was being used to make outdoor clothing and equipment for friends and family. Over 21 years, it is today – a company of more than 80 stores spread across Australia, New Zealand the United Kingdom The growth prospects of Kathmandu are likely to result from increased contribution from existing stores and the Company. s ability to continue to open and operate new stores on a profitable basis. The store rollout program is dependent on Kathmandu. ability to secure suitable sites on acceptable terms. A significant increase in rental costs associated with new stores could impact margins and the profitability of some stores. Similarly, the inability of Kathmandu to source new locations in target areas could reduce the Company. s ability to continue to expand its store footprint. In addition, Kathmandu. s tri-annual sales account for a significant proportion of revenue each year and require significant inventory to be stocked in preparation. A sale promotion failure could lead to a meaningful ncrease in working capital, potentially breaching the Company. s working capital facility, and a marked reduction in sales revenue. In the three and a half year period under the current ownership there has been substantial investment in core organisational structure to support ongoing growth. In all three countries of operation, new or redeveloped leased head office and distribution facilities have been established with sufficient capacity to support future store growth. Kathmandu. s business depends on effective marketing and advertising. There is a risk that one or more marketing or advertising campaigns may be unsuccessful, which may adversely impact margins, reduce overall profitability and have an adverse effect on Kathmandu. s future financial performance or position The executive management team has been enlarged with new personnel and roles introduced to facilitate the Company. s growth strategy in respect to store rollout, product development and logistics. Key systems improvements, such as new point-of- sales and electronic time and attendance/rostering systems will provide IT infrastructure for ongoing growth. Total capital expenditure for these initiatives represented approximately NZ$3. 5 million over FY2007 to FY2009. Store rollout Kathmandu has grown from 46 stores in 2006 to 82 as at the end of FY2009. New store openings have been a key driver of sales and earnings growth. Having determined the appropriate store formats and rollout opportunities, the rate of new store openings has also taken into account the economic environment, business capacity, availability of suitable locations, and optimal use of capital. Kathmandu. s vertical business model has assisted individual stores to quickly make positive contributions. The speed of new store rollout and targeting in fill of stores in existing areas (particularly in New Zealand) has caused some reduction in existing store sales. There are a number of risks, both specific to Kathmandu and of a general nature, which may either individually, or in combination, materially and adversely affect the future operating and financial performance of Kathmandu, its investment returns control of Kathmandu, its Directors and management. There can be no guarantee that Kathmandu will achieve its stated objectives or that any forward looking statements or forecast will eventuate. There are pricing and other risks associated with any investment in a company listed on a stock market. The price of shares on ASX and NZX may rise or fall due to numerous factors which may affect the market performance of Kathmandu, including changes in Australian, New Zealand and other international stock markets and investor sentiment, domestic and world economic conditions and outlook, inflation rates, interest rates, employment, taxation and changes to government policy, legislation or regulation. The market price for the Shares could be volatile or fluctuate in response to a wide range of factors and actual or anticipated events, including variations in Kathmandu. s prospects or operating results, the outlook for the retail, industrial, textile or clothing markets, the discovery or development of competing projects, adverse industry publicity, and other events or factors affecting the operations, financial performance or actual or perceived value of Kathmandu. 19. REFERENCES / BIBLIOGRAPHY http://www. shares. com. au/forum/showthread. php? t=7055 www. investsmart. com. u/shares/asx/Kathmandu-Holdings-KMD. asp Cached http://www. businessspectator. com. au/bs. nsf/Article/Kathmandu-profit-lifts-after-IPO- pd20100318-3MT92? OpenDocumentsrc=tnb http://www. sheffield. co. nz https://www. asxonline. com/intradoc- cgi/groups/participant_services/documents/communications/asx_025383. pdf * GORE-TEX survey June 2008 by W L Gore Associates (Australia) Pty Ltd. Comprises both unprompte d recognition of the Kathmandu brand and recognition of the Kathmandu brand when prompted by the surveyor. * Source: http://www. kathmanduholdings. com/presentations/Information. pdf

Monday, December 2, 2019

Racial and ethnic inequalities as a social problem

There has been a raging debate about the definitions of a social condition and a social problem. Some researchers have also likened these two concepts despite the distinction between the two concepts. A social condition is a condition regarded by some people as bad while a social problem is a condition viewed by everyone as bad.Advertising We will write a custom essay sample on Racial and ethnic inequalities as a social problem specifically for you for only $16.05 $11/page Learn More Leon-Guerrero defines a social problem as â€Å"a social condition or pattern of behavior that has negative consequences for individuals, our social world, or our physical world† (8). Race and ethnicity is among the major social conditions that exist in the contemporary society. It occurs as a result of increased international migrations across the continents and intermarriages between different communities in the world. Leon-Guerrero outlines two perspectives of defi ning of race namely the biological and the sociological perspectives. Race from a biological point of view is defined as a group or population that shares a set of genetic characteristics and physical features such as religion, skin color or species. However, sociologists such as Michael Omi an Howard Winant regard race as a concept signifying and symbolizing social conflicts and interests by referring to different types of human bodies (Leon-Guerrero 67). Racism is the belief by individuals that certain racial or ethnic groups are inferior and that discriminatory practices against them are justified (Leon-Guerrero 70). Discriminatory practices can be classified as individual or institutional. Individual discrimination includes actions against minority members by individuals whereas institutional discrimination is practiced by the government, social institutions and organizations and it includes segregation, exclusion or expulsion. Racial and ethnic inequalities affect an individual and the society in different ways including the socioeconomic position of an individual or of the society. Income and wealth of an individual is determined by the social class to which he or she belongs. In the United States, the measure of income and wealth is home ownership since it enables families to invest in their future. After the Second World War, the rate of White middle-class home ownership grew steadily as compared to the Blacks and other minority groups who were denied access to home ownership through discrimination and low income. A research by Hudson et al also suggests that â€Å"it is possible that experiences of racial discrimination could, in part, diminish the effects of increased socioeconomic position among African American men† (134). The racial and ethnic inequalities also determine the type of education that various individuals in the society would like the children to have. Gagnà © and Tewksbury, as quoted by Leon-Guerrero, argue that â€Å"schools have become economically segregated, with the children of middle or upper class families attending predominantly White suburban schools and the children of poorer parents attending racially mixed urban schools† (79). Thus it is evident that racial and ethnic inequalities have an indirect impact on the family income and wealth which in turn dictates the education system that their children would undergo.Advertising Looking for essay on social sciences? Let's see if we can help you! Get your first paper with 15% OFF Learn More Racial and ethnic inequalities have a profound impact on the health of an individual or the society at large. Leon-Guerrero quotes Gabard and Cooper who argue that â€Å"although race may be a social construct, it produces profound biological manifestations through stress, decreased services, decreased medications, and decreased hospital procedures† (80). The health institutions have put in place a system that discriminates against th e racial and ethnic minority group members. Some researchers have gone further to specify how discrimination is related to health. After an analysis and comparison of the relationship between racial discrimination and health-related outcomes, Benjamins argues that â€Å"discrimination was most strongly related to depression and was less consistently associated with physical health and health behaviors† (16). Racial and ethnic inequalities also have consequences on individuals who leave their country of origin to move to another. The security systems always target immigrants of ethnic and racial minority and they are associated with crime since they are believed to be illegal immigrants. The history of social problems is identified through a subjective process according to Malcom Spector and John Kituse who outline four stages of the subjective process (Leon-Guerrero 12). The first stage, which is defined as the transformation process, involves taking a private or personal pro blem and transforming it into a public issue. The transformation is done by an influential group, activists or advocates who call attention to and define an issue as a social problem. The second stage is known as the legitimization process which is concerned with formalizing the manner in which the social problems or complaints generated by the problem are handled. This process involves creation and implementation of policies to respond to the social problem. The third stage is the conflict stage that involves readjustment of the formal response system, renegotiation of procedures, reforming practices and engaging in administrative or organizational restructuring. The fourth and final stage begins when groups believe that they can no longer work within the established system. Advocates or activists of the social problem are faced with two options which are either to radically change the existing system or to work outside the system (Leon-Guerrero 12). Most social problems in a commu nity, society, or a global social system are caused by the inequality in the distribution of resources. Some individuals or organizations in the community have more income, power and prestige than others.Advertising We will write a custom essay sample on Racial and ethnic inequalities as a social problem specifically for you for only $16.05 $11/page Learn More This group of people develops vested interests in maintaining or even increasing their resources and therefore they come up with laws, ideologies, customs and informal norms which are viewed as legitimate by the whole society. As a result, they are able to maintain and control the available resources and block other low class individuals who may want to rise up the ranks. This yields frustration on the part of the majority low class individuals who must struggle to access the resources thus creating conflict. Leon-Guerrero explains that â€Å"conflict theorists focus on how the dynamics of racial and ethnic relations divide groups while maintaining a dominant group defined by ethnic and racial categories or social class† (71). Marxist theorists argue that immigrants form a backup labor force that performs jobs that native workers no longer perform. This group of individuals provides a cheaper labor source that easily secures employment during economic growth and easily lay off during economic recessions. Conflict develops when higher paid native workers struggle to prevent importation of cheaper nonnative labor so as to maintain their advantage in the labor market. According to Edna Bonacich’s theory of antagonism, â€Å"the presence of a cheaper labor group threatens the jobs of higher paid workers and the standard for wages in all jobs. Under these conditions, the two groups of laborers remain in conflict with each other while the interests of capitalist business owners are maintained† (Leon-Guerrero 72). Works Cited Benjamins, Maureen R. â€Å"Compar ing Measures of Racial/Ethnic Discrimination, Coping, and Associations with Health-related Outcomes in a Diverse Sample.† Journal of Urban Health (2013): 1-17. Print. Hudson, Darrell L., et al. â€Å"Are Benefits Conferred with Greater Socioeconomic Position Undermined by Racial Discrimination among African American Men?† Journal of Men’s Health 9.2 (2012): 127-136. Print. Leon-Guerrero, Anna. Social Problems: Community, Policy, and Social Action. (3rd ed.). Thousand Oaks, CA: Pine Forge Press, 2011. Print. This essay on Racial and ethnic inequalities as a social problem was written and submitted by user Ryker Mcknight to help you with your own studies. 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