F.Scott Fitzgeralds The Great Gatsby Essay - 967 Words

Wealth, parties, and connections, were three things that were important to anyone looking to be anyone in East New York’s high society in the Roaring 20s. F. Scott Fitzgerald captured all three with his literary voice. He made impressions everywhere with the supreme achievement of his third novel, The Great Gatsby. This novel is a tale of people’s exciting lives in the 1920’s. Fitzgerald uses the Great Gatsby to illustrate the American identity during the early twentieth century. Fitzgerald uses symbolism and narrative techniques to illustrate the materialistic chase of the American dream by upper-class society in the 20s. Before one can fully understand the way in which Fitzgerald wrote, it is important to know the time in which he came†¦show more content†¦It is only fitting that The Great Gatsby, a timeless classic, uses time in the past and future to improve the book as a whole. Foreshadowing and flashbacks are what gave the novel its unique structure. Flashbacks in the Great Gatsby were Fitzgerald’s way of introducing characters, and allowing readers to better understand the actions of the main characters (King). For example, Jordan told Nick of a time when she had seen Daisy in a terrible state; â€Å"I was the bridesmaid. I came into her room half an hour before the bridal dinner, found her laying on her bed as lovely as the June night in her flowered dress—and as drunk as a monkey. She had a bottle of Sauterne in one hand and a letter in the other† (Fitzgerald). This flashback gives the reader more insight to Daisy’s personality and earlier relationship with Gatsby. Likewise, Fitzgerald also used the technique of foreshadowing, but instead of informing the reader of character details, foreshadowing was used to organize the plot line. â€Å"Fitzgerald utilizes foreshadowing to the best of his ability to help organize the novel† (Harper). More of the story unfolded as the reader progressed in the novel. Early in the book Jordan says to Nick while he is driving, â€Å"Suppose you met somebody just as careless as yourself. I hope I never will. I hate careless people. That’s why I like you† (Fitzgerald). This foreshadows the reckless driving of Daisy that causesShow MoreRelatedF.Scott Fitzgeralds The Great Gatsby568 Words   |  2 PagesWhat does F. Scott Fitzgerald suggest in his story ‘The Great Gatsby’? Fitzgerald writes about the difficulties of social class, the struggles of the rich, the poor, and the middle class. The American dream is immanent at the extension of one’s arm. How someone could be so clo se to absolute happiness, yet so far from achieving what is truly needed in their life. He also includes deception, desperation, and determination, along with dense color symbolism. To Fitzgerald, the American dream is conformityRead MoreF.Scott Fitzgeralds The Great Gatsby Comparison and Contrasted with Jane Austens Pride and Prejudice1708 Words   |  7 Pagesof other texts contributes to creating meaning for other texts. An example of this is Jane Austens Pride and Prejudice, this novel is more easily understood when it is compared and contrasted to other literature works, such as F. Scott Fitzgeralds The Great Gatsby. The aspects of the two novels that can be compared and contrasted are the plot development, characterisation, setting, narrative point of view, writers context and themes and issues. The plot of Pride and Prejudice is about a lowerRead MoreThe Great Gatsby Love Analysis957 Words   |  4 PagesThe Great Gatsby, F. Scott Fitzgerald shows multiple times that real love does not exist in the world. In the classical story by F. Scott Fitzgerald, he shows many affairs go on in the story and that their is fake love in the world. When this story was written it was coincidentally similar to his actual real life. The characters life and problems were very similar to what was going on in his life. In the book of Horst H. Kruse called F.Scott Fitzgerald at Work: The Making of The Great Gatsby†, heRead MoreIdentifying And Surveying F. Scott Fitzgerald s The Great Gatsby1675 Words   |  7 Pageshistorical, cultural and political discourses within the text. F.Scott Fitzgerald constructs a variety of truths throughout the novel, the two truths that where clearly noticeable where â€Å"The American dream† and â€Å"Old and New Money† which greatly support ed the normalities of the era, these two topics will be discussed later in the piece. But let s start by recapping a brief understanding that is this novel. F. Scott Fitzgerald’s novel The Great Gatsby is a classic about the desire for love and money andRead MoreEssay On The American Dream In The Great Gatsby954 Words   |  4 PagesGatsby changed Nick’s mind on the American dream and what it really is.Nick’s original thoughts on the American dream â€Å"...become again that most limited of all specialists, the ‘well-rounded man.’†(Fitzgerald 6),were much like his families in the beginning.Later after the events in his time with Gatsby Nick sees the error of his ways and returns to the Midwest giving up on his bond market dream.†Gatsby was never in it for the money and this revelation eventually caused Nick to give up his questRead MoreF. Scott Fitzgerald’s The Great Gatsby - A Tarnished American Dream1992 Words   |  8 PagesThe Great Gatsby: A Tarnished American Dream      Ã‚   Thesis: In his influential book The Great Gatsby, F. Scott Fitzgerald recognizes and describes many of the less alluring characteristics of the 1920s and the pursuit of the American Dream including dysfunctional relationships, materialism and classism.   Ã‚  Ã‚  Ã‚  Ã‚   The American dream states that people can work themselves up from rags to riches by hard work.1 For this reason, the new society has developed dreams of the blind pursuitRead MoreEssay on The Dust Jacket of The Great Gatsby723 Words   |  3 PagesThe Dust Jacket of The Great Gatsby The dust jacket of The Great Gatsby has an extremely complex yet influential relationship to its text as well as its author. Francis Cugat, the artist of the cover, developed the painting through a series of ten sketches[1]. In each sketch he develops a new element of the painting which indicates the level of complexity in the final work. Interestingly, Fitzgerald never mentions the artist’s name in his correspondents with his editor Maxwell Perkins[2]Read MoreAffairs, Wealth, and Murder in F. Scott Fitzgerald’s The Great Gatsby638 Words   |  3 Pages In The Great Gatsby, Fitzgerald tells about affairs, describes wealth, and tells about Murder. There are three different murders in The Great Gatsby. An automobile hit and killed Tom’s mistress, Myrtle’s companion shot Jay Gatsby, and Wilson committed suicide. Most of these murders happened as a consequence of the love affairs that happened throughout the book. Two love affairs in particular are a cause for all three of these murders. One was Tom Buchannan and Myrtle Wilson and the other was DaisyRead More Comparison of A Farewell to Arms and The Great Gatsby Essay1267 Words   |  6 PagesComparison of A Farewell to Arms and The Great Gatsby The author’s style from Ernest Hemigway’s A Farewell to Arms differ from F.Scott Fitzgerald’s The Great Gatsby in many ways. Fitzgerald uses a more reflective style of writing meaning that he makes his characters reflect and the theme also includes reflection from the reader as well as the plot. On the other hand, Hemingway uses a more self-interest style with its theme, characters, and plot, meaning that he makes this book on hisRead MoreDaniel Handler: Lemony Snicket1561 Words   |  6 Pagesstrongly in. Anglo-Saxon literature is not the only place in which the theme of fate appears within literature though, it also appears in several works of literature from the twentieth century such as in W.W. Jacob’s â€Å"The Monkey’s Paw†, F.Scott Fitzgerald’s The Great Gatsby, and Kurt Vonnegut’s Slaughterhouse-Five. W.W. Jacob’s wrote the macabre-style short story â€Å"The Monkey’s Paw† in 1902. In the Monkey’s Paw, an elderly couple and their son are visited by a family friend who bears a cursed monkey’s

Financial and Ratios Analysis of Nishat Mills Pakistan

CHAPTER 1 INTRODUCTION AND HISTORY OF THE COMPANY MISSION STATEMENT To provide quality products to customers and explore new markets to promote/expand sales of the Company through good governance and foster a sound and dynamic team, so as to achieve optimum prices of products of the Company for sustainable and equitable growth and prosperity of the Company. VISION STATEMENT To transform the Company into a modern and dynamic yarn, cloth and processed cloth and finished product manufacturing Company with highly professionals and fully equipped to play a meaningful role on sustainable basis in the economy of Pakistan. To transform the Company into a modern and dynamic power generating Company with highly professionals and fully equipped†¦show more content†¦b. Facilitates Inter-Firm Comparison: It provides data for inter-firm comparison. Ratios highlight the factors associated with successful and unsuccessful firm. They also reveal strong firms and weak firms, overvalued and undervalued firms. c. Helps in Planning: It helps in planning and forecasting. Ratios can assist management, in its basicfunctions of forecasting for Planning, co-ordination, control and communications. d. Makes Inter-Firm Comparison Possible: Ratios analysis also makes possible comparison of the performance of differentdivisions of the firm. The ratios are helpful in deciding about their efficiency orotherwise in the past and likely performance in the future. e. Help in Investment Decisions: It helps in investment decisions in the case of investors and lending decisions in the case of bankers etc. 3. LIMITATIONS OF RATIOS ANALYSIS The ratios analysis is one of the most powerful tools of financial management.Though ratios are simple to calculate and easy to understand, they suffer from seriouslimitations. f. Limitations of Financial Statements: Ratios are based only on the information whichhas been recorded in the financial statements. Financial statements themselves aresubject to several limitations. Thus ratios derived, there from, are also subject to thoselimitations. For example; non-financial changes though important for the business arenot relevant by the financial statements. Financial statementsShow MoreRelatedFinancial Analysis of Nishat Textile Mills Limited13767 Words   |  56 Pagesfinancial interpetation of nishat mills limited Project on: Nishat Mills Limited Subject: Analysis Of Financial Statements Group Members: Abrar Ali Raja Hamid Kashif Umer Riaz Submitted to: Mr. Ahmed Nouman Anees . Introduction The Textile Industry: General market review and future prospects Worldwide businesses were adversely affected by onset of global economic recession in financial year 2008-2009. There has been some recoveryRead MoreRap Acca Obu8880 Words   |  36 PagesOXFORD BROOKES UNIVERSITY RESEARCH AND ANALYSIS REPORT â€Å"AN EVALUATION OF THE BUSINESS AND FINANCIAL PERFORMANCE OF D.G. KHAN CEMENT COMPANY LIMITED (DGKCC) BETWEEN 1 JULY 2004 AND 30 JUNE 2007† (Word count: 6,498) Presented by: KAMRAN KHALID ACCA reg. # 1431751 September 2008 CONTENTS Page No. 1. Research Objectives and Overall Research Approach 1.1 – Topic Chosen and the Selected Organisation 1.2 – Project Objectives 1.3 – Research Questions 1.4 – Research ApproachRead MoreRap Acca Bsc Topic 87801 Words   |  32 PagesOXFORD BROOKES UNIVERSITY RESEARCH ANALYSIS PROJECT RESEARCH AND ANALYSIS REPORT THE BUSINESS AND FINANCIAL PERFORMANCE OF THE HUB POWER COMPANY LIMITED PRESENTED BY: KHAQAN HAIDER Registration number: 1277963 Nov2010 Word count: 5796 words Contents ​Introduction​​​​​​1 Topic Chosen And Its Context 1 Reasons For Selection 1 Project Objectives 2 Research Approach 2 Read MoreComparative Analysis of Gul Ahmed Textile with Industry8589 Words   |  35 PagesANALYSIS OF FINANCIAL STATEMENTS Final Project Gul Ahmed Textiles Limited Submitted to: Prof. Asif Bashir Submitted by: Muhammad Naseem Hayat L1F09MBAM2036 Rustam Javed L1F09MBAM2034 Hasan Mir L1F09MBAM0016 Section: A Dated: Friday, 31 August 2012 Contents Gul Ahmed 3 Firms Comparability: 3 Industry 3 Size of the firm: capitalization 4 Sales 4 Ownership: 5 International: 5 short term credit analysis 6 Analysis of Current Assets and Liabilities: 6 Current Asset Composition:Read MoreInternship Report on Mcb20087 Words   |  81 Pages KIRAN FATIMA EXECUTIVE SUMMARY MCB is one of the leading banks of Pakistan incorporated in 1947 MCB Bank has made significant contributions in building and strengthening both corporate and retail banking Sector in Pakistan. This report is an upshot of my six weeks internship in Muslim Commercial Bank of Pakistan. MCB of Pakistan possesses an imperative and historical importance in the banking sector of Pakistan. It always remains the center of hustles in business activities. It always endows

Dttls - Behaviour Management a Reflective Practice

Behaviour Management: A Reflective practice Looking at behaviour management within the classroom has shown that there are many academic theories. These include Geoff Petty, Susan Wallace and Dave Vizzard to name a few. By using these theorists books and additional internet sources it will give me the opportunity to review my own practice, ways to adapt my practice and ways to set ground rules for behaviour. During teacher training sessions and from reading and researching the subject it is clear that it is not easy to manage a classroom full of students. In fact, many factors need to be taken into account when planning strategies to be used. By being pro-active, looking, and analyzing our own practice, it should give us a better†¦show more content†¦One of the best things about this method is that it is easy to apply as a behaviour strategy and it can be differentiated throughout a group. To expand this method it could be encouraged to make it more formal by incorporating a physical graphic representation within the teaching environment e.g. a wall chart showing progression, this method is explained by Vizzard (2007 p44). This will then support student’s improvement and show good practice throughout. The second preferred method is peer pressure. Wallace (2007 p86) states, â€Å"the use of peer pressure to establish quiet will usually be more effective than the teacher trying to impose it on their own† This has worked very well in the past. Peer pressure does not just need to be used as a negative method of behaviour management. We can look at other peer based management methods. Peer assessment can be used as a positive management technique within a workshop for example. Having students critique each other’s practical work can be a very interesting experience. As long as the guidelines are set regarding how they assess the work and it is fair for all to do so, peer-assessing works phenomenally well. A strategy by Biggs (cited by Petty, 2004 p461) has shown that peer assessment can encourage higher attainment. It should be then considered that student’s behaviour would be more positive which should lead to easier management of a group. Though peer

The Rights Of Human Beings - 2011 Words

This essay will look at whether the existence of rights should be acknowledged by the law in all humans and whether it is only human beings who deserve the recognition of rights. I will explain the concept of rights and provide reasons on why it is imperative that the law recognises rights of human beings. I will also discuss the development of rights in nonhumans as to whether the law should recognise them. The concept of rights has been enshrined in law since the Magna Carta was created in 1215. A right is a basic moral guarantee granted to a person that is unequivocal and universal. Having a right to possession allows parties to claim what rightfully belongs to them as they are entitled to it. Rights protect the freedom of people and from a legal perspective, this allows everyone to live their lives as they see fit without interference. Human rights uphold the notion of dignity and integrity as every person is entitled to them simply by being a human being. They protect the vuln erable and disadvantaged to prevent them from being discriminated against. These rights also develop a minimal standard which society and governments must adhere to as human rights should be of a high priority in a legitimate setting. I will now use my points to explain why it is crucial for rights to be taken into account when a legal system is drafted. This applies especially for human rights as they are the most likely to be abused if any form of discrimination occurs. A right shouldShow MoreRelatedThe Rights of Human Beings790 Words   |  3 PagesThe Rights of Human Beings The support, laws, and the definition of marriage itself are changing at this very moment, and will continue to change. Same-sex marriage is becoming a hot issue, with nearly everyone under the age of 30 supporting it, yet there are still many things that need to happen before it becomes legal. The battle is ongoing and still has years ahead of it, but more and more politicians are now starting to see just where the American peoples interests are. The big issue howeverRead MoreHuman Beings Are Born With Inalienable Rights Essay1303 Words   |  6 PagesAyala Suzette Ghent English Composition 1 November 30, 2016 The Right to Die Human beings are born with inalienable rights; rights in which cannot be separated from a person. One is born with the right to liberty, the pursuit of happiness and most importantly life. It is only human nature that with the gift of life comes death. Human beings were born with the right to live; however, they were not born with the right to die. All human beings will die when their time comes, but when exactly will that beRead MoreThe Inherent Rights of Human Beings Essay1123 Words   |  5 PagesThe Inherent Rights of Human Beings This question is concerned with whether or not it is possible for natural rights to exist. Natural rights are rights which we have naturally as humans, in other words rights which we inherently have, just by being human. A large problem with answering this question is that of defining the term rights, a question to which the answer has been very elusive throughout the history of political analysis. The following investigation into the possibilityRead MoreHuman Beings Have a Right to Die Essay3639 Words   |  15 Pages  Ã‚   Do people have the right to die? Is there, in fact, a right to die? Assisted suicide is a controversial topic in the public eye today. Individuals choose their side of the controversy based on a number of variables ranging from their religious views and moral standings to political factors. Several aspects of this issue have been examined in books, TV shows, movies, magazine articles, and other means of bringing the subject to the attention of the public. However, perhaps the best way to lookRead MoreThe Death Penalty Is The Constitutional Right Of A Human Being1793 Words   |  8 Pagespenalty has a lot of ethical and moral matters tied to it. In a world of individuality there is a divide on the people, for the death sentence and those against it. Many view it as a barbaric and cruel punishment that violates the constitutional right of a human being. Whilst other view it as a just punishment for serious crimes. This paper will look at the history of the death penalty in Australia in body one. Then in body two, lead on to a recent case known as the ‘Bali nine’ which was experienced byRead MoreHuman rights are the natural-born rights for every human being. The United Nations applied the1300 Words   |  6 PagesHuman rights are the natural-born rights for every human being. The United Nations applied the Universal Declaration of Human Rights on the 10th December 1948. One of the biggest problems that face human rights is slavery. Slavery started in the 1600’s in North America, at the present time slavery cannot be considered lawful. There is no culture nowadays can force anyone for slavery, unfortunately it is still continuing in many parts of the world mainly by human trafficking. Currently there are moreRead MoreEducation Is The First And Foremost Right Of Every Human Being1521 Words   |  7 Pagesforemost right of every human being, but sadly so many of us don’t appreciate it enough. Education adds so many values to our life, and some of the most important values are building a personality and a life. Besides the obvious skills and facts that we learn, we learn self-motivation and self-discipline, time management skills, social and communication skills and so much more. Most importantly we also gain confidence and self-esteem, as well as learning what s right and what s wrong. Being educatedRead MoreEvery Human Being in India has the Right to Education1814 Words   |  7 PagesThe right to education is a recognized fundamental human right of every human being. Every individual irrespective of his language, nationality, gender, race, religion or age is entitled to free elementary education. The right to education has been recognized as a universal human right by UDHR’s and is also incorporated in number of international conventions such as International Covenant on Economic, Social and Cultural Rights, 1966, The Convention on Elimination of All Forms of DiscriminationRead MoreWhy Is Healthcare Be A Natural Right Of All Human Beings?894 Words   |  4 PagesAs a high schoo l student in Egypt, I noticed that good healthcare was a privilege that only the upper class could afford. However, I quickly realized that healthcare should be a natural right of all human beings regardless of socio-economic status. It was here that I developed my interest in practicing in underserved communities, because I want to make a positive impact on the health of individuals, families, and communities simultaneously. During my last three years of medical school back in EgyptRead MoreIn The World Right Now There Are Over 7 Billion Human Beings1381 Words   |  6 PagesIn the world right now there are over 7 billion human beings living scattered across the globe. Some live in remote areas such as Antarctica or on small secluded islands in the pacific. But does living so far away from other humans mean that they are safe from diseases that can possibly kill them? Living in close proximity with other human beings may have its benefits in terms of communication, trade and comfort. But some features of human societies may lead to an enhanced risk of a super infectious

Sample Business Plan Food for Thought Free Essays

We all this product Happy Pastilles. Happy Pastilles, being distributed to retailers In sari – sari stores, would be more convenient and thus, will not require consumers to go somewhere else. Unlike other desserts, a piece of Happy Pastilles can be enough to lessen saltiness, spiciness or greasiness of meals remained in our taste buds. We will write a custom essay sample on Sample Business Plan: Food for Thought or any similar topic only for you Order Now Happy Pastilles offers health conscious consumers and dessert lovers a healthy and friendly local product called pastilles. Happy Pastilles Partnership will provide a combination of excellent dessert with affordable price, unique shape, and nutritious ingredients. Happy Pastilles is the answer to the Increasing demand for craving a dessert after a meal with lower price. Our mission Is to serve customers great tasting nutritious dessert In today’s highly competitive environment, it is becomes increasingly difficult to compare our product to the usual pastilles that consumers usually buy. Hundreds of retailers who are selling different pastries are evolving. Our initial target areas are Sat. Elena, San. Rogue, Stop. Ion, Clamping . As we grow, we will develop more kiosks within the city. Happy Pastilles are highly profitable In the first two years. The Increasing probability is partly based on expectations. These forecasts are based on general trends in food industry. We have various promotional strategies for our company name awareness. The marketing campaign through product taste test and sampling, word of mouth will be highlighted as one of our strategies. Product Offerings Sometimes after a meal, people look for something else to eat. Salty, spicy or greasy foods make someone crave for desserts or some known delicacies or pastries just to lessen the unlikable tastes in our mouths. Definitely, desserts need not be ere expensive like Ice cream, Lech flan, and the like and would require to go somewhere else, to answer the craving Happy Pastilles is a high-protein product because it is a milk-based dessert. This is a mixture of powdered milk, condensed milk, and refined sugar. To be unique in the market, crushed peanuts were added as well as the ‘star’ shape The product is a homemade dessert for health conscious consumers. Happy Pastilles is a milk-based product, so we can get different nutrients like protein, calcium, Vitamins A, D, E, K, and B. Consumers within the age range of 18 – 30 years old are the next expected to consume the product. Consumers within this age range include the â€Å"growing kids† which are referred to as teens who tend to eat a lot. After eating a meal, they would really look for something else to eat and something that can lessen the unlikable tastes in their mouths. Consumers within the age range of 31 – 43 are like the previous age group who, after eating a meal, would also look for something else to eat. Other than that, people within this age range tend to bring foods along with them especially when going to their workplace. Consumers within the age range of 44 – 56 are people who are quite practical and who would rather choose to buy an ordinary pastilles rather than Happy pastilles. His product. They are the most practical among the age groups who might Just choose to buy the ordinary pastilles rather than Happy Pastilles or choose not to buy at all. SOOT Analysts We are in a highly competitive market in a rapidly growing economy. We foresee our strength as the ability to respond quickly to what the market dictates and to provide quality desserts in a growing market. In addition, through aggressive marketing and quality management, we intend to become a well respected and known entity in our preferred industry. Our key personnel have knowledge on the coal market and expertise, which will go towards penetrating the market which wills the strength; however we acknowledge our weakness, to our limited start-up capital/ shares and the threat of competition in the industry. How to cite Sample Business Plan: Food for Thought, Essays

Global Banking System Become Fragile Over â€Myassignmenthelp.Com

Question: Discuss About The Global Banking System Become Fragile Over? Answer: Introduction The first banking institution was launched in Australia in 19th century. Since then there has been a lot of reforms in the banking sector. In Australia at present there are four banking institution that dominates the overall banking sector which are Australia and New Zealand Banking Group Limited, Commonwealth Bank of Australia, National Australia Bank Limited and Westpac Banking Corporation. Over the years there has been an increase in the overall importance of the banks, the banks today contribute to half of the total assets of the financial sector. The banks today have diverged into a lot of sector the most important being asset management and insurance. They play the most important role in the overall financial sector and holds the most of the financial assets of the country. The banks provide a lot of services to the consumer from the normal lending activities to deposit taking to other advanced services like asset management, insurance, brokerage, management of the financial ma rkets etc. From the first bank that was opened in the 19th century till today there has been huge development and growth and the same can be seen in the strong position that the banking company holds in the financial sector. At present there are as many as 53 banks that are functioning in Australia and out of them 14 banks are owned by the Australians(Bakir, 2017). There are no banks in the country that are owned by the Australian Government, the last share of the same was sold out in 2011. The banks that are present now are supervised by the Australian Prudential Regulation Authority (APRA). There has been huge growth in the banking sector and the same is reflected in the market share of these banks. A brief history of these banks and their overall current position is given below. Research The first Australian bank was opened in the 19th century as already stated above. To the end of the nineteenth century during the great depression, a large number of banks colonial banks failed. In 1901, a legislation was formed to supervise these banks, a central bank was formed and also it became a common wealth responsibility to manage these banks. After the second world war there were new rules framed. People were of the opinion that if the government was handling and controlling these banks then they also had the power to control the economy. To fight the same, new and strict banking rules were framed to guide the overall lending and credit facilities. The RBI was framed as the central bank which was given the responsibility of managing all the other banks. However with the change in the overall world trends, there was shift in the overall banking thoughts and deregulation became the norm of the season. Following that there were further many changes in the overall banking facili ties of the world and it was also determined that stronger norms need to be developed. There has been a very fast growth in the overall banking balance sheet, at an average rate of thirteen percent since the end of the 1985. It reflects the overall demand and supply factors that exists in the economy and the overall effect that it is having on the banking sector and its regulations. During the 1990s recession the banks were one party that was very badly hit, and there was also huge decrease in the overall banking loan facility. The overall foreign funding since the time of recession has improved, with people trying to get third party brokers that can help them in generation of funds that they can employ in their business. After the establishment of the common wealth norms for the management of the overall banks, they have seen that there has been huge increment in the overall banking management. The growth has been supported by strict banking policies and norms. The government was n ot allowed to control the banking institutions; hence the economy was also not in their hands. The key parties that regulate the overall banking scenario include the RBA, the APRA and the ASIC. These parties are mainly responsible for framing the rules and regulations that will help in maintain the stability in the banking system. If any company fails to abide by the same then they can be penalized. Before beginning their operations in Australia every Company needs to have the permission of the APRA. Even the foreign owned banks are required to follow these guidelines. These standards are basically set to regulate a large number of operations that are related to the overall capital adequacy, management of the funds, securitization, maintain proper quality credits and many other. If people are in any case not happy with the services of the banks or they have any complaints then they can improve these authorities to take the necessary action. These institutions set the limitation to the banking industry and make it more stable and prevent malfunction in operations. The licenses of the banks will be canceled if they do not comply with the provisions of the banking rules. It is important that all the rules related to the banking company must be taken by keeping the same in mind. This will help in avoiding such situations and help in making system more transparent and better. It also helps in improving the inter-governmental cooperation from other parts of the world. Thus it is an important change in the traditional banking system and has made it stronger and better. The Australian banks experienced huge amount of technological development and growth from the end of the 1969, when various automatic teller machines were installed and infusement of the information technology and its management became an important part of the banking system. By the mid of 1960, deregulation had started and that has also affected a large number of banks. In 1980s the banking sector experienced a high point when a large number of banks were established and some good acquisitions took place(Yates, 2017). There was a lot of advantages that were associated with the overall deregulation as it allowed many credit unions and budding societies to become banks without going into mutation. The Government of Australia launched the four pillar policy in the banking sector as per which the four major banks of Australia cannot merge with each other. However these banks are allowed to absorb small competitors that would help in their growth and development. With time there was grow th in competition and that was evident from many smaller banks that were opened in Australia. However none of the banks were owned by the Australian government, and most of the banks were under the control of private parties. The last government owned bank was sold out in 2011, and after that the banks were all privatized and strict guidance rules were framed that these banks had to follow strictly. Analysis At present there are four major banks in Australia and are guided by the four pillar policy that prevents these banks from getting merged with each other. These are the pillars of strength of the overall banking system. These banks are very large and have huge market share. As per the world rank, these banks together are ranked at 80 and in respect of the market capitalization the overall rank is 50. These banks have around $960billion of assets in their books, along with that they have contributed hundred percent to the total GDP share of the country. They have been very profitable in the past years, earning a total pre tax return of 21 percent. The major profits that these banks earn are mostly from non banking activities that includes many services like fund management, asset management, management of other resources etc. These banks have also indulged in a lot of acquisitions and ventures that has helped in their overall growth. Apart from these four banks, there are few other ba nks that are known as regional whose main area of focus is management of the retail banking area wise. These are a group five Australian owned banks. Over the years they have tried hard to improve their overall business by investing in other sectors and by providing discounted services to the customers. These banks collectively contribute to around 8 percent of the total market share in the banking industry of Australia. There are also few foreign owned banks in Australia that contributes to around 20 percent of the overall banking system in the country. Before hand in 1990s these foreign banks were focused mostly on whole sale business and failed miserably. But now in the present times, they are focusing on the retail sector by providing attractive deals to the consumer and generate more money. It has been the first to provide the customer interest based saving accounts that can help them in attracting more revenue(Anginer Kunt, 2014). The largest owned foreign bank is also the eighth largest domestic bank that contributes bout 2.5 percent to the total market share. The two major activities of these banks are insurance and fund management, but very banks are able to make profit from these non banking activities. At present there are total 53 banks that are operating in Australia and none of them are owned by the government authorities. The present situation of the banking system in Australia is ver y assertive where people can anticipate growth in the coming times. There are several changes that are anticipated to occur in the future banking system owning to the present state of flux. In the coming years there are few basic changes that the banking sector needs to bring with regard to the following- To bring innovation into the system and place their focus on specific areas To enhance the overall customer management system and simplify the same To Make sure that the overall value chain is optimized To put culture in the work that is done The banks that are able to do the same will be more valuable in the future than what they are today. In the present times it can be seen that the industry is looking forward to fundamental realignment. So the need of the hour for these banking companies will be to survive the transition phase and the make the changes that are required(Arnott, et al., 2017). It is very important that the banks of tomorrow become simple smaller and are connected more to the consumers. These will help the consumers and the banks in developing better relationship and will also help in better management of the resources. It is also important for the banks in the future of escape the commodity traps, and provides services that they are meant to provide. It is important to note that so many banks are treating the customers are potential product purchaser where they rae trying to sell their properties(Mayntz, 2017). This is not correct and in the long run it is important for the banks to escape the overall c ommodity trap. The companies need to assemble the overall capability system that refers to management of the resources, cultural attributes and other factors and aligning the same with the needs of the customer. These are the basic steps that the banking companies need to take in the future. As of now on the present pretext it can be said that the banking sector will be going more changes in the future, the overalls system will become more technology savvy. Automation will become the order to the day and there is a possibility that there will be few government regulations and more liberalization will be there in the overall banking sector This may be considered as the future of the overall banking scenario is Australia(Trieu, 2017). It can be said that the future of the banking sector seems bright if some small changes are brought in and more focus in given on the consumers rather than on the products. This is the way the banking company functions in toady time and this is required to be changed. Recommendations As stated above the banking sector needs to align its overall functions with the needs of the customer and needs to make sure that it is able to escape the commodity trap. This will help the overall business to grow. The overall proves should become less commercialized and focus should be on the fact that quality services is provided to the consumers. . So the need of the hour for these banking companies will be to survive the transition phase and the make the changes that are required. It is very important that the banks of tomorrow become simple smaller and are connected more to the consumers. This will help in improving the confidence of the public in the company(Dowding, 2017). The overall banking rules also must become less complex so that more and more companies can easily follow them and in case the deviates from the same, penalties must be levied. Proper audit of the banking company must be done from time to time to make sure that the overall financial statements are free fro m errors. They must reflect the actual position of the overall business functions and its stand in the market, so that it might help the customers in taking important decisions with regard to the same. Conclusion Hence after the entire analysis it can be said that the banking business in Australia has developed a lot. There has been so many changes that is reflected in the strong market position of the banking companies. It is important for the government to make sure that the banking companies are more liberalized and free and the overall steps that they take for the development of these banks is properly implemented. This research paper throws a light on the growth of the banking in Australia from the very initiation point, and the several changes that it has undergone over the years(Adapa Roy, 2017). The present situation is bright, the companies are doing well and the customers have so many good banking options to choose from. The only thing that is needed that the growth of the domestic banks must be more than the foreign owned banks, this will help in the growth of the overall economy(Kohtamki, 2017). The overall system is fine and is doing well in comparison with the present banking s ystem in the global scenarios of the world. References Adapa, S. Roy, S., 2017. Consumers post-adoption behaviour towards Internet banking: empirical evidence from Australia. Behaviour Informtaion Technology, 36(9), pp. 970-983. Anginer, D. Kunt, A., 2014. Has the global banking system become more fragile over time?. Journal of Financial Stability, Volume 13, pp. 202-213. Arnott, D., Lizama, F. Song, Y., 2017. Patterns of business intelligence systems use in organizations. Decision Support Systems, Volume 97, pp. 58-68. Bakir, c., 2017. How do mega-bank merger policy and regulations contribute to financial stability? Evidence from Australia and Canada. Journal of Economic Policy Reform, pp. 1-15. Dowding, K., 2017. Australian exceptionalism reconsidered. Australian journal of Political Science, 52(2), pp. 165-182. Kohtamki, M., 2017. Real-time Strategy and Business Intelligence: Digitizing Practices and Systems. Finland: Palgrave Macmillan. Mayntz, R., 2017. Networked Governance. s.l.:Springer. Trieu, V., 2017. Getting value from Business Intelligence systems: A review and research agenda. Decision Support Systems, Volume 93, pp. 111-124. Yates, J., 2017. Protecting housing and mortgage markets in times of crisis: a view from Australia. Journal of Housing and the Built Environment, 29(2), pp. 361-382.

Distribution management free essay sample

The characteristics of this era of supply chain management include the need for large-scale changes, re-engineering, downsizing driven by cost reduction programs, and widespread attention to Japanese management practices. For the integration era, This era of supply chain management studies was highlighted with the development of electronic data interchange (ED) systems in the 1960s, and developed through the 1990s by the introduction of enterprise resource planning (ERP) systems. This era has continued to develop into the 21st century with the expansion of Internet-based collaborative systems. This era of supply chain evolution is characterized by both increasing value added and cost reductions through integration. A supply chain can be classified as a stage 1, 2 or 3 network. In a stage 1- type supply chain, systems such as production, storage, distribution, and material control are not linked and are independent of each other. In a stage 2 supply chain, these are integrated under one plan and is ERP enabled. A stage 3 supply chain is one that achieves vertical integration with upstream suppliers and downstream customers. An example of this kind of supply chain is Tesco. The third movement of supply chain management development, the globalization era, can be characterized by the attention given to global systems of supplier relationships and the expansion of supply chains over national boundaries and into other continents. Although the use of global sources in organizations supply chains can be traced back several decades like in the oil industry, it was not until the late 1980s that a considerable number of organizations started to integrate global sources into their core business. This era is characterized by the globalization of supply chain management in rganizations with the goal of increasing their competitive advantage, adding value, and reducing costs through global sourcing. Specialization era (phase l): outsourced manufacturing and distribution In the 1990s, companies began to focus on core competencies and specialization. They abandoned vertical integration, sold off non- core operations, and outsourced those functions to other companies. This changed management requirements, by extending the supply chain beyond the company walls and distributing management across specialized supply chain partnerships. This transition also refocused the fundamental perspectives of each organization. Original equipment manufacturers became brand owners that required visibility deep into their supply base. They had to control the entire supply chain from above, instead of from within. Contract manufacturers had to manage bills of material with different part-numbering schemes from multiple Original equipment manufacturers and support customer requests tor work-in-process visibility and vendor-managed inventory. The specialization model creates manufacturing and distribution networks omposed of several individual supply chains specific to producers, suppliers, and customers that work together to design, manufacture, distribute, market, sell, and service a product. This set of partners may change according to a given market, region, or channel, resulting in a proliferation of trading partner environments, each with its own unique characteristics and demands. Specialization era (phase II): supply chain management as a service, specialization within the supply chain began in the 1980s with the inception of transportation brokerages, warehouse management, and non-asset-based carriers, and has matured beyond transportation nd logistics into aspects of supply planning, collaboration, execution, and performance management. Market forces sometimes demand rapid changes from suppliers, logistics providers, locations, or customers in their role as components of supply chain networks. This variability has significant effects on supply chain infrastructure, from the foundation layers of establishing and managing electronic communication between trading partners, to more complex requirements such as the confguration of processes and work flows that are essential to the management of the network itself. Supply chain specialization enables companies to improve their overall competencies in the same way that outsourced manufacturing and distribution has done; it allows them to focus on their core competencies and assemble networks of specific, best-in-class partners to contribute to the overall value chain itself, thereby increasing overall performance and efficiency. The ability to quickly obtain and deploy this domain-specific supply chain expertise without developing and maintaining an entirely unique and complex competency in house is a leading reason why supply chain specialization is gaining popularity. Outsourced echnology hosting for supply chain solutions debuted in the late 1990s and has taken root primarily in transportation and collaboration categories. This has progressed from the application service provider model from roughly 1998 through 2003, to the on-demand model from approximately 2003 through 2006, to the software as a service model currently in focus today. Building on globalization and specialization, the term SCM 2. 0 (Supply chain management 2. ) has been coined to describe both changes within supply chains themselves as well as the evolution of processes, methods, and tools to manage them in this new era. The growing popularity of collaborative platforms is highlighted by the rise of TradeCards supply chain collaboration platform, which connects multiple buyers and suppliers with financial institutions, enabling them to conduct automated supply-chain finance transactions. SCM 2. 0 leverages solutions designed to rapidly deliver results with the agility to quickly manage future change for continuous flexibility, value, and success. This is delivered through competency networks composed of best-of-breed supply chain expertise to understand which elements, both operationally and rganizationally, deliver results, as well as through intimate understanding of how to manage these elements to achieve the desired results. The solutions are delivered in a variety of options, such as no-touch via business process outsourcing, mid-touch via managed services and software as a service, or high-touch in the traditional software deployment model. 4. 0. Dimension of supply chain There are 10 dimensions ot supply chain that can bring excellence to companies or industry especially food industry. 1 . Alignment: It is clear that the best supply chains are characterized by having the tightest alignment between the overall usiness strategies and supply chain strategy and execution. Achieving the alignment is the objective of Sales Operations planning, but it can go much further, such as the service-level agreements Nick LaHowchic u sed to use when he ran the Limited Brands logistics services group with each of the companys different business units. It is clear the supply chain supports the business. Those supply chains that best synchronize that support with the strategies and objectives of the business are at the top of the performance heap recognizing that the business itself may not execute well, or have the wrong strategy. . Strategic Depth: Great supply chains are characterized by detailed and living strategies that are directly connected to the support of the business. What is a supply chain strategy? More on that soon, but at its core, a strategy is a multi-year plan that details the what, why, how of the supply chain and more. Many companies have no real supply chain strategy. The strength of the strategy, and how well that strategy turns into what the supply chain actually does, are critical elements of supply chain excellence. This also includes such core decisions around what to do internally and what to outsource. . Customer Satisfaction with Supply Chain Performance: this dimension like where the rubber hits the road, the supply chain has to deliver in the eyes of the customer this is the real lens through which supply chain performance should first be measured. The nice aspect of this dimensions is that it takes into account the companys overall value proposition or unique value props to different markets the supply chain expectations from customers should be different depending on that for example efficiency versus service. 4. Supply Chain Network Design: Hardly anyone mentions this as a core aspect of upply chain excellence, but it is at the heart of it. Network design is tied at the hip with supply chain strategy. It is the crucible in which the trade-offs between cost, service, flexibility and more must be managed, either explicitly or implicitly. Additionally, experts say network design determines some 80% of total supply chain costs. Supply chain excellence is clearly driven in large part by the quality of the network it operates in. 5. Macro Agility: One of the few true sources of overall corporate competitive advantage is the ability to respond consistently faster to opportunities and changing trategies than the other guys do. There are two components to this agility, as I have written about before a more strategic, longer term view, and a more real-time, right now view. This is the strategic component.